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That's showing some serious guts!!! Kudos (and a person mark) to you!!!
looks like they are walking the ask down..any reason why that is?
as 99% of Q stocks,appear possible wipeout, cancelled and no value,
The bottom info bar's chart says invalid symbol.....
L2 on alphatrade .001x.0014 doms/nite but tda says shares cancelled. Shares still in my account. Curious to see if there is any trades at all very doubtful.
no bid and ask on ameritrade and cancelled my standing orders....
but shares are still in my account....
Yup. And EOPIQ is wiped: "The symbol you entered, EOPIQ, could not be found, so we've tried to look it up with Symbol Lookup:"
Then it lists some other tickers that start with E
He is talking about this "report" (news) that came out after hours on Friday showing our ticker symbol with "news" to the right saying "Plan of Bankruptcy Effective, All shares have been cancelled".
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=4/8/2011
Basically, it sucks that it came out after hours and not allowing anyone to at least sell @ market and get back SOMETHING of their investment. When something like this comes out after hours, there is absolutely nothing you can do about it except take a loss and move on to the next one, unfortunately
Do you understand the idea of a ticker being deleted?
The ticker will be deleted, meaning you won't be able to buy or sell. End of story. Nothing else will happen. No rainbows and unicorns.
News? There was no news of this..
I like your thinking maybe a longshot but hope springs eternal.
Really ?? hmmmmmm I know they had some recycling facilities in California.... I used to own this stock when it was selling for a dime to quarter... back about 4 years ago... don't quote me....
Which would explain the timing of deletion of shares and the higher than usual volume for a Q stock.... IMO.... something about this whole ordeal doesn't add up.....
or a good ole fashion cash disbursement would be fine as well....
not getting too excited.....
but if this does go down in our favor.... I will laugh at Gator because he pumped this and sold..... lol
i have etrade too it says sybol not regonized cant sell or buy
lol you have paper.....
Money isn't a tangible asset....... you people need to learn the concept of currency..... its just an idea.....Thus the U.S. Idea (currency) getting weaker all the time....
the people that sold those shares friday have the money in their account... correct? That is the hard facts....
lets say Joe buys a house from Steve...... Steve gets 100k for the house.... Joe's house burns down 3 days later STeve still has the money......
If this does trade tomorrow..... this will provide an incredible bounce play.... I think that is what some people are hoping for and don't own any shares and posting here all weekend lol.......
I'm pretty sure it was a Ch. 11 and they did an Asset sale in the POR. Keeping fingers crossed with you !
Hey something great may still happen. I know its a long shot but with the shares being cancelled, now we will be notified wether its Chapter 11 or 7, and then they have to sell their assets and theres still a chance to get our investment back.
What got me raisin an eyebrow tonight is that I noticed in my Etrade account that my EOPIQ shares are cancelled but I now have some new shares in my account that are not under a symbol yet, and basically worthless at this point, but Im hoping for a miracle tomorrow and maybe these new shares are from EOPIQ and they will be free to trade sometime soon. Anythings possible. And either we just took a huge loss which is probably the case, or we may be in store for a 100000% gain. Lets hope for the best.
Well said Valdai. They have a "Q" for a reason and that is they are in Bankruptcy. Not to say they can't be Momo plays and money to be made but one investing has to be very careful and know when to exit. Heck, look at Posters histories, they promote them only to disappear. If you are not out b4 them you will left holding.
In some 15 yrs and being in some of these, I can only think of 4 co's where the shares were not cancelled. It is very rare for that to happen. 99 percent of the times they are cancelled.
Just saying as there are some that post and ask what the "Q" means. Just giving them some advice. Good luck with your picks. Be good.
A scared man can't win .... lets get the Q's fired back up 2morrow ..... win that money back 4 the 1's who lost here
TIME 4 SOME GPSNQ TRADERS
It's erased from existence. More US Dollars = dust in the wind.
That question was posted on the 4th and possibly could have kept maybe a person or 2 from losing 100% as of Monday morning had they had the chance to read it before it disappeared.
Depends on when you got in and out..
EOPIQ shares are CANCELLED... like a cancelled check. A cancelled check still "exists," but it is worth ZERO because it's CANCELLED.
Indeed, EOPIQ will see one of the fastest runs to .0001 with no bid as any of us will see in our lifetimes. For all practical purposes, EOPIQ is dead.
GREEN? ALL EOPIQ SHARES ARE CANCELLED! That's as RED as it gets. EOPIQ shareholders just lost 100% of their stock's value. RED, RED, RED... no green.
Very good point, I was wondering the same thing.
My shares are still in my account and I tried setting buy and sell orders with them and it worked. Also, boardmarks have actually increased here over the weekend.
No need to spread all this fear mongering 'til we know the whole story...
Does anyone know what happens with the money in EOPIQ? On Friday probably around 60k dollar volume but there must be more $ in EOPIQ from those who have hold on to their shares from before.
If all that $ in EOPIQ get's 0 what happens with it? Is that money just erased from the existence? I know money is just number more or less but i don't know if it can just be erased for good.
Hope it doesn't go into the pockets of the CEO. It's really lame they put out these news Friday AH giving people no chance to act.
Ya, could be... we'll see..
It's the weekend so it probably wont be updated until Monday night or Tuesday morning.imo
Sorry to all who lost on this Q play, but thems are the risks when play'n Q's, wiped out overnight.... I took a big hit with GACF* last week, I'm down about 80% lol
good thing i never put much $$$ in these Q stocks, only BS money I'm willing to lose
SJJNAMARTIN,
Thanks for the links, those are some good sources for Q plays.....
I'll agree that Q's can be great ROI plays and MOMO plays that can bag you big gains if played right, however most Q's commons are worthless. there is a reason why they are trading at these low levels to begin with. It's tough to do the proper DD most of the time with these Q plays because when they begin to run you have to be lightning fast or you'll miss the boat. I think most traders buy Q's strictly on MOMO without doing any real DD themselves relying on what others have done. Just look at the list of Q plays lately, they all tell the same story.JMHO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61908780
Where you invested here? I lost here.
e-trade shows it as a 100%. loss. When could we have know? Bastard.
My TDA account still shows EOPIQ close .0014 as of today. However, it doesn't look good from what I've seen on the otcbb daily list. Will wait until tomorrow and see how this plays out.
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Symbol Qty Last Change Mkt Val Maint Req Cost Gain($) Gain(%)
ABPR 200000 0.004 0.00 800.00 0.00 900.00 -100.00 -11.11
BCIT 20000 0.00 -- 0.00 0.00 -- -- --
DNDT 600000 0.0019 0.00 1,140.00 0.00 1,195.20 -55.20 -4.62
ED 100 50.90 -0.04 5,090.00 1,527.00 -- -- --
EFT 250 16.72 0.03 4,180.00 1,254.00 -- -- --
EMLL 5000 0.0005 0.00 2.50 2.50 3.50 -1.00 -28.57
EOPIQ 700000 0.0014 0.00 980.00 0.00 1,169.70 -189.70 -16.22
FCRZ 60000 0.009 0.00 540.00 0.00 2,307.96 -1,767.96 -76.60
I agree. Never say never. If another Q has the right momo, you can bet your ass I'm gonna hop in for a quick ride. I will definitely think hard about holding overnight though. Most likely won't, but like I said at the beginning, "never say never". You gotta look at each play individually. To be honest, I am not mad at myself for this because it was a rare, unexpected circumstance which happens to ALL of us at some point and I didn't invest much. I've narrowly escaped a few R/S's over the 12 years I've been trading. Luckily never gotten caught in one but that is because I typically watch my plays like a hawk and rarely hold longer than a few weeks (most less than 3 days). This was unavoidable as they waited until after market closed to cancel the shares. Sure we've known it was coming for years, but look how long many other Q's out there have been trading and have not been canceled yet. The music stopped here and we were without a chair this time. Keep your head up, play smart and bounce back as a better trader. Good luck everyone. No need wasting my time in here any longer. I will see you all around on other boards. Although I don't post much anymore, I am ALWAYS watching.....hehehehe. I no longer reveal what I am playing until I am out of it (or forced out like this one, lol). This allows me to focus solely on the market and not bickering with others on here.
LMAO, quite the tune change huh... a come to jesus moment now out to save us all.lol There will be more Q plays and I'm on one right now.lol Gotta grab the mojo when it presents...
Exactly.... just put in what you can afford to lose.... I lost 900.00 here... if this stops tomorrow.... oh well....
I have made some good money on the Q's - I'm still ahead.....
bb50
I agree with MYNC to an extent, I still think "Q"s are great ROI plays BUT...shareholders must~ ABSOLUTELY MUST!!
Find out if commons are safe or possibly getting cancelled
WHATEVER IT TAKES
HERE IS WHY/HOW=
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61903258
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61903813
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61903289
Agreed Chiron...look at some of these
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61455894
Hey, I'm just calling it as i see it. No hard feelings
I played a few Q's lately also, you have to trade them quick, get in and out fast or else you'll get burned real fast 99% of the time. Q plays like QSGIQ are hard to come by, most are worthless bankrupt POS that have been frontloaded by a few for a quick P&D, very dangerous them Q's are.JMHO
Nobody could foresee this sudden change of things here with EOPIQ. I was not really the one starting EOPIQ nor big on cheering it. Shortly in the morning i stopped as it took on it's own by other people cheering for it.
If that news didn't happen AH it looked like a great multi-day runner and it was. VMSY* and others made great runs over days.
Anyway, i got in EOPIQ quite late so i can't speak much for the DD i was only playing the momo that the people previously have created here since .0003's. But now i'm done with those Q-momo plays. Bought VMSY* quite late too and lost $ there.
No need to blame the MOD here. We all are responsible for our own plays. No one else can pull that trigger but you. We ALL know these Q's are just about as risky as it gets (especially holding overnight). My only suggestion for people trading these in the future is to get in and get out in the same day, no questions asked. The longer you hold, the higher chance something like this will happen to you.
wouldn't have mattered in this case as it wasn't posted until after the market closed.
Well I made bank off of GACFQ, so even if I lose everything here, the losses won't be close to what I made off of that one. If you play pennies, you have to expect things like this to happen every now and then. However, you can't let it get to you and you must continue to be aggressive in finding the next play. Its just part of the game. I could say "learn from it and move on" but to be honest, there is nothing to learn from this as we all know these Q's can cancel shares at any moment. My only wish would have been for this to be posted during trading hours versus waiting til AH on a Friday. At least give people a chance to dump....lol.
Agreed! There are more great Q plays out there that should see some massive gains.
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Outstanding Shares: 561,681,045 Shares.
Floating Shares: 292,446,000 Shares.
Insiders Ownership: 48%.
52-Week Range: 0.0002 ~ 0.001.
Shareholders of Record: 1,005.
Full-Time Employees: 35.
Company Status: A Clean Shell Stock. Ready To Reverse-Merger.
Transfer Agent:
Corporate Stock Transfer, Inc.
3200 Cherry Creek Drive South
Denver, CO 80209
Eco2 Plastics, Inc. EOPIQ.BB
IMPORTANT ANNOUNCEMENT:
On November 24, 2009, ECO2 Plastics, Inc. (the "Debtor" or the "Company") filed a voluntary petition for relief in the United States Bankruptcy Court, Northern District of California (the "Bankruptcy Court") under Chapter 11 of Title 11 of the U.S. Bankruptcy Code (the "Code"). The Debtor's negotiated Chapter 11 bankruptcy filing was done with the approval of its senior lenders. The case number of the filing is 09-3702 DM.
Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.
ECO2 Plastics, formerly ITEC Environmental Group (EOPI.OB), is a publicly traded company engaged in PET plastic recycling. The Company's patented process was developed through a research partnership with Honeywell FM&T and the US Department of Energy. ECO2 Plastics is the exclusive worldwide licensee of the patented and patent-pending technology. Headquartered in San Francisco, California, the Company operates a recycling plant in Riverbank, California and another plant is currently under development in Southern California.
ECO2's approach sets it apart from competitors that deploy water-based recycling processes. Unlike other recyclers, ECO2's process eliminates the use of water, respects and preserves the environment, while delivering a high quality recycled plastic flake with comparably lower operating costs. ECO2 Plastics is the only recycling company that can claim that (i) its plastic recycling technology has a negligible impact on the environment and (ii) is distinguishable from existing technologies when it comes to water waste and chemical contamination.
Eco2 Plastics Inc website:
Corporate Offices:
680 Second Street, Suite 200
San Francisco, CA 94107
415-829-6000
info@eco2plastics.com
Plant:
5300 Claus Road, P.O. Box 760
Riverbank, CA 95367
Sales Contact: 415-829-5981
sales@eco2plastics.com
Press Contact: 415-829-5984
press@eco2plastics.com
Management Team:
Rod Rougelot: Chief Executive Officer
Ray Salomon: Chief Financial Officer
Paul Dittmeier: Vice President of Sales and Marketing
Fred Janz: Senior Vice President Operations
Board of Directors:
Tom Hutton: Chairman(June 10, 2008)
John Moragne (June 10, 2008)
David Buzby (June 10, 2008)
William Whittaker
Alex Millar
Rod Rougelot
Partners:
ECO2's proprietary process is licensed from Honeywell FM&T ("Honeywell") and the Department of Energy ("DOE") on an exclusive, worldwide basis for the life of the Patent. Over the past five years, ECO2 has invested extensively in the development of the technology and processing equipment comprising the ECO2 Environmental System, which includes being named as co-inventors with Honeywell on the Patent issued to Honeywell in August 2007.
The United States Council for Automotive Research's (USCAR) Vehicle Recycling Partnership (VRP), composed of researchers from DaimlerChrysler, Ford and General Motors, has contracted with ECO2 to evaluate its proprietary PET recycling technology. The VRP is striving to remove substances of concern from plastics recovered from "shredder residue" - the material left when end-of-life vehicles, household appliances and other large items are recycled.
USCAR's VRP Contracts with ECO2 Plastics to Explore 'Rinse and Recycle' Applications
March 31, 2009 10Q
September 30th. 2009 10Q
News Link Click Here: Company Info Click Here: SEC filings Click Here:
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