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I don't think pinksheet companies have to.
stock is at .004. one other question. isn't a publicly traded company required by law to have yearly shareholder meetings?
Sounds like your typical penny stock. This is very common with otc's and pinks. That is why I highly suggest that you trade them and not invest in them. There is money to be made short term with a lot of them, but once you start getting interested in their story, and go long term, watch out. For every good penny stock that might have potential, there is probably ten times that amount that are like the one you have. What is the ticker of your stock? I'll take a look at it for you, and pm you - I know u r a free member and won't be able to reply but we don't like to discuss individual stocks on this thread so just post me the ticker and I will pm you.
yes it did dramaticly, this seems a sham to me. no notification, dillution to the point of worthlisness. to me this seems like being robed. what
No, no, no. You have that wrong. When a company increases its' authorized, the outstanding usually goes up too because they are issuing shares. That is not a good thing - it is dilution. The more diluted a stock, the harder for the price to go up. When a company raises their authorized or outstanding, that is not a dividend. You still own the same amount of shares of the company. Unless they split the shares, you would still own the same amount of shares and probably the way you describe it, the pps went down, no?
when i bought this stock the company had 100 million authorised shares, last year they increased it to 1.5 billion shares, now i found out that they increased to 3 billion. no yearly shareholder meetings for 3 years. i thought that if a public company increases its authorised shares that existing shareholders stake would be increased proportionly. am i wrong?
Huh? Not following u at all - are you talking about market cap or outstanding shares, and what do u mean should you be compensated?
i hold a large amount of stock in a certain company, when i bought this stock it was capatilized at 100,000,000 shares now it's at 3 billion cap. shouldn't i be compansated for this?
Very good, thanks as always.
Rook
J - Other acquisition or disposition
Don't know what it means in relation to your stock in question, but that is the definition of a J coded 4.
Greetings Cintrix, what does the "J" designation mean when an isider files a form 4?
specifically, SUNV filed a form 4 last week for 3m shares and indicated a J for type of transaction....
thanks as always,
Rook
You know for sure that the 400M was a sell?
So when you see a systematic sell off in blocks of 50K, then a big block of 400M as in the case of PRPM, is it time to worry or is there something else at work here?
You can actually purchase the other stock with the unsettled funds, but you can't sell them back until the three days clear. As Don mentioned, if you switch it to a margin account you don't have to wait for settlement, but you do have to be careful of daytrading rules if you have an account under 25k.
Your last trade was a $2,000.00 sale, which will settle in 3 days. Unless you trade with a margin account you must wait for settlement.
question: Waiting on settled funds?
I recenty sold a stock for $1,000 profit. ( I paid $1,000 and sold it for $2,000). I held the stock for 1 month.
Can I purchace another stock with $1,000(of the proceeds) and sell the next day or does the settled funds rule apply to the whole $2,000.
That I don't know, but I would read through this sec page on coverage and see if it mentions it:
http://www.sec.gov/investor/pubs/analysts.htm
Yes, I realize each situation is different and noted that in my post. I was just asking for a ballpark figure, say maybe for a company with less than 100 employees for example.
Coverage? You mean analyst coverage? I have no idea. I would think each situation would have a different time frame considering circumstances.
Once coverage is initiated on a company, what is a general time frame for completion? I know every company is different and other variables come into play, but just curious about a ballpark guess. Thank you
You know I can be wrong but I always thought that one of the not so good points of owning preferred stock was that they didn't have voting rights like the commons. I'll have to look that up. I have never owned preferred shares. I know they get taken care of first over the commons if the company liquidates.
Do the votes of preferred shares always surpass the rights of the common? Do decisions made by the preferred always rule, make up the majority for voting/decision making?
Well, he is right. The preferred shares are not part of the common shares. 3B outstanding commons? Well, I would be concerned with the size of the os - hope you didn't pay more than .0001 for that, but that is jmo.
Should we be concerned with this answer from IR? A pinkie, share structure unknown except the common A/S and O/S. No idea how many, cost, of preferred. Inquiries were essentially trying to establish valuation. If preferred hold 51% controlling interest, and there are 3bb common, are there in fact an equivalency of 6bb shares
floating around?
"The preferred shares control 51% of the company regardless of whether there is 1 preferred share or 62 trillion. They are not part of the 3,000,000,000 common shares.
Investor Relations"
Be very careful about promoting another site here on Ihub - that is a no-no!
You have to decide if you are an investor or a trader. I am a trader and rarely hold anything more than a few days. I traded a bunch of C and decided to just hold a few shares long term that I bought under two bucks.
SWEEEEEET!
My natural instinct is to hold that stock for 5 years as I want to believe it is going to go to $40.
However, that is the thinking that killed me in the 2000 crash.
Because there are so many stocks beaten down and the "take profits at every opportunity" has been working so well, I'm reluctant to get caught up in the euphoria.
I even just added a new exit rule that takes me out of any position after 10 days, just to weed out the non-movers and free up the funds for other stocks that are moving.
Oh yea! Beware of fund managers doing window dressing for the next few days as we approach the end of the month!
Don't get caught too Long when the market tumbles!
I don't believe this run-up is real for a second.
Keith
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Goodbye mutual funds Hello CoolTrade Robotic Traders
ot - Oh yeah, Keith there were some unbelievable bargains from last year at this time. I still have some C that I bought in the 1.50's.
Better than that, AIG was 0.40 a few months ago, and Citigroup was about $1. I did a query 5 months ago for stocks that were down 90% from a year earlier and got about 90 stocks. They are almost ALL up over 100% from their lows now.
I only trade stocks under $7 a share and only buy if they are down 5% from the previous day's close price. Thus far, they bounce up 5% to 10% in a few days.
Keith
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Goodbye mutual funds Hello CoolTrade Robotic Traders
for anyone looking for info on filings for a specific company http://www.secinfo.com/
LOL that is a loaded question. Depends on who you ask, I guess. I have been trading them for a number of years. My opinion is that as long as you are trading them and not investing in them you can make money. There are few and far between very good penny stocks. Most of them are diluted pigs and they are trading on the pinks and otcbb for a reason. But that doesn't mean there isn't opportunity to short term trade them and make money on them. They can be quite dangerous to someone who doesn't understand them. Personally, right now, there are so many cheap nasdaq, nyse, and amex stocks out there under five bucks that I prefer to trade at this point. But if you go here:
http://investorshub.advfn.com/boards/board.aspx?board_id=2199
you will see the penny market has been on fire recently.
Very interesting, thanks for the info. I wonder if they pay below the average interest rate? I still would rather have my money scattered in a couple of institutions then at one place.
cintrix...As to our discussion a while back there is one way to go over the 250,000 limit at one bank and still be insured.
In fact, up to 50 mil.
Not all banks participate in CDARS, but those that do offer this!
Check this out....interesting!
http://www.cdars.com/index.php
Count
Yes they are ALL bad!!!
Count
That's easy. Thanks
Float is outstanding shares minus the restricted.
Nope, not without doing some research first. It would seem there isn't too many customers with LLC ,s in my neck of the woods. Both banks admitted that they should know the answer but they were going to check to make sure.
I'm willing to max out the balance at each bank as long as I know for certain how much FDIC will cover for!
I should know more shortly.....frustrating! I may have to take on additional banks.
Trying to do this with as few banks possible, for now anyways.
As long as the money is insured, that's my main concern!
Count
They couldn't tell you? That's scary! Personally I would never put that much money with one bank. Why not spread it around a bit so you know for sure you are safe.
Thanks cintrix, I was surprised that two different banks could not tell me for certain, and one of them was the VP.
Still waiting for word back from them.....thinking that maybe it varies from bank to bank!
Thanks again! That link will be helpful.
Count
I think it is per depositor. Check this link out:
http://www.fdic.gov/deposit/deposits/insuringdeposits/
Not a investor question but I know there are some sharp minds here!
Does anyone know how much FDIC will guarantee a LLC savings account at the bank? I know the limit is $250,000 per individual with normal accounts.
If you had say 3 individual accounts all rolled into a LLC account at the same bank would FDIC insurance increase to $750,000?
Count
I use ET Pro. This one is also pretty good:
http://www.equityfeed.com/what_we_do.html
Anyone know of a good otcbb stock screener?
I would like to simply screen OTCbb stocks for earnings.
I don't know what platform u r using with Etrade, but if you have Market Trader just hit the Research/Price History tab. If you don't have it you can go to Yahoo and just glance at historical prices:
http://finance.yahoo.com/q/hp?s=VZ
If you don't want to glance at the past days volume and you want an actual number go to YahooSummary:
http://finance.yahoo.com/q?s=VZ
It will tell you average volume for the past three months.
if enough people believe that something is real, it then becomes real,
There is usually always a reason why there is a sudden surge in volume. If nothing is actually happening within the company - such as a material event - beware of a promotion (pump and dump). That's my philosophical statement for the day. lol
Different question, regarding "daily average volume" for OTCBB stocks...
Is daily average volume something that for OTCBB stocks you must calculate manually? Or is daily average volume for subpenny stocks, for example, part of the quoting mechanism on some trading platforms? I don't see it on eTrade for OTCBB stocks.
I have resigned myself to approximating daily average volume from a cursory glance at a chart, but it would be nice if it could be computed for me!
TIA
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