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VNDM bogus ask 5k size, a puppet for nite and etmm
Well a call to finra or their compliance department is overdue. All they seem to be doing is playing musical chairs with the 5k size on the ask
ASK only shows 5k is usually a MM only showing min amount required.
That 1/2 million share trade was made by a MM to another MM or Client and was never listed for sale and only shows up on the "tape" as a trade having taken place.
All that After Hour action we have seen the past month is the same think.
There is absolutely no way you can out trade these people, they have the insider knowledge and the dollars to push these penny stocks any way they want to and there is nothing any investor can do about it.
If we had some large fund mangers or institutions invested in the stock it would be a different story as these guys can defend their positions and the price as they have the BIG dollars need and really they can act almost like MM, buying and selling shares to support their position.
Positive financial results will help, but we really need to get out of Penny Land and get back on the Nasdaq this year!
I bet anyone $1.00 the MM's will flash a bid under .03 today.
What do you think?
460,000 shares just bought at .035.
This looks like our floor for the next move up.
I say yes to that.....Big time short covering is happening.
And the ask size was 5k prior to the trade and the ask doesn't move. The system is a total fraud. They can whack the bid down, but don't move the ask on buys
That's a big one.....WoW
Well peeps...this baby is getting primed for the next leg up. Chart is looking oversold!!
460k share Buy at ASK .035
That is 1/3 of the daily volume, can you say SHORT covering.
People trading here are just so stupid to fall for this
MM's know news is pending so they are doing everything they can to move price down but somehow the ask stays solid or the offer very little shares for the posted ask.
Not sure if it is BIG news but we are on the cusp of some positive developments.
I smell BIG NEWS COMING!
We know the games these MM's play....Just trying to get as much as I can before we go bigtime.
NITE absorbing every share sold. Good News is coming.
PVSP's Video App soon to hit the Market as per PR on 2/8/2012.
http://www.pervasip.com/press/pervasips-mobile-application-reaches-35000/
We will soon be the Rookie with the highest quality video app going up against SKYPE, TANGO and ooVoo who have millions of downloads.
Once we go viral with millions of dowloads, PVSP will graduate to the next level because we will finally have and will continue to grow our client base.
We are on the cusp of going big time and we are the only ones that know this. New investors will come play with us soon and push us up to a new level. Say goodbye to the old PVSP and get ready for the new one folks.
GLTA
5k bid size and they trade 50k trades
Loading zone for the bounce right here.
I agree. It is month end and they must cover.
"Possible short covering"
4-Aces, I always thought that when short covering
was going on the share price rises?
End of the month. They need to cover the counterfeits they sold through their mm exceptions. So convenient how they walk the stock down to levels to cover.
NITE sucking up every share at .034. Possible short covering.
Exactly for the 10K late filing.
I am much more interested in when PVSP will have the video app done, start the advertising and then watch for the downloads to go viral. Presently we are still under 50K downloads without the video app. Management needs to step up and get PVSP's products noticed. Saying that they will be debt free by year's end is a long way away and no indication of when they will generate new revenue streams to pay the current bills. Otherwise they will continue to dilute the stock at a huge discount to pay the bills. JMO
There are possible subsequent events to add to the 10K. Patience is a virtue. Hold long and strong.
Mr. Richards alludes to alot of big things coming in this interview:
PVSP CIO MR. RICHARDS STT RADIO INTERVIEW LINK 02-13-12:
Anybody playing penny stocks or big board stocks knows that this is a common practice. Absolutely nothing to be alarmed by.
PVSP
One big piece os SALES NEWS and people will be chasing this to .20. I am confident it is coming.
Actually Authur has had several posts with very good information. Thus, I enjoy reading them and getting a different perspective. PVSP management needs a lot of help. If people think PVSP are going to uplist any time soon or turn a profit, well I am now having my doubts. Then the time line is now pushed to next year. 10 months is a long time and a lot a potential spending and dilution. It all comes down to getting the Video App done and seeing if people actually want to use it. If not, PVSP is dead in the water and they have already spent +$40M doing it. JMO
PVSP is thin to .06 now. We should bounce nicely.
This was expected. They have been filing the 10K late as usual. It would be due today (maybe tomorrow because of leaf year). But, just like last year, it was late. That is why I gave them the additional 2-3 weeks - (15 days for the extension).
As for being late... lots of companies do not file on time. Therefore, I am not worried. They are not going to show any impressive results anyway.
Cheers
Thank you Daubers, I'm not on my computer or
I would have brought it over.
I'm really getting a feeling that Sir Arthur and his
Knights are sensing something big being released
on the horizon.
Thanks again Daubers!
Tabby- are referring to:
(3)
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? x Yes ¨ No
We are not yet able to release any financial information at this time due to the potential impact on our financial results of certain complex transactions that require additional review from our independent registered public accounting firm.
Daubs
Interesting stuff in section IV.
Mr. Richards admitted that they had to learn android programming, which is one of the hardest (post commentary from Stock Traders Talk Radio). Thus, they may be learning as they go along to save a buck. However, IMO, it would be worth getting a professional that knows android programming. They still have the iPhone to deal with afterwards... do they know how to do that programming.
Another major concern is the lack of increase in revenue. From the Stock Traders Talk Radio, they have a big name in the industry working for them. How has that translated into sales and revenues. From Mr. Richards comments, revenues have been flat line for months, even with this big wig joining PVSP team.
One more day before 1st 2012 quarter ends for PVSP. 10K 2011 should be out in 2-3 weeks, unless delayed.
Great post Daubers! Here Here!!
The loss of momentum was predictable.
A $20,000 promo around 2/17 coupled with the Company paying off debt between 2/13-2/21 with 13.5M shares meant selling with no regard to the health of the pps. This will soon end and the move forward will begin again.
If there is no news over the next couple of weeks we could very well slide back to the 1's or 2's.
I know people talk here mm's manipulating the price and all and there may be some truth to it. But the plain simple truth is we have lost all the momentum we had. There is nothing to stimulate buying at the moment. The longer we go without news the more the pps will fall. The only thing that can get us that buying pressure back is news. Real news.
So again do we get to 50 cents or a dollar any faster if a run starts at 2 cents or 4 cents. If the news is great I dont think it matters.
I will admit I am one who thought we would be at 10 cents by Feb and a quarter by March and a dollar by June. I was obviously over optimistic. I have been tapering back my expectations significantly lately.
Yes bosox, Daubers post was very good...except
for that crack about .01 LOL!
CALM DOWN FOLKS, I'm just having a little fun.
ONWARD!
I would not like that either Tabs, I don't see that happening.
PVSP
Daubers for once I'm forced to disagree with
at least part of what you posted.
In my opinion if we go back to .01 it may not
concern you but to me it means something ain't
quite right in PVSP land.
No way should this go back to a penny.
Awesome rant Daubs, you nailed it buddy!
Funny, back in 2003 my friend has a plasma tv, 32 inch it was so cool but nobody had one, he bragged how he paid 5 grand for it.
We are definitely in the infancy of this.
I'm holding long and strong.
PVSP
Very good post Daubers
Gas Prices are becoming ridiculous!!!
Airfare, car rentals, etc... IMO Video will save many businesses many dollar bills!
I see some of you are becoming a little anxious here? I am sorry to see that... I am a long so I don't really care if we go back to .01 because I am fully confident that this industry will pick up and as I have stated many weeks ago and was bashed, we are in the fetal stages of this video revolution...
When I look around and see maybe 1 or 2 of my close friends using face-time, some have tried Tango and Google and they gave up because it was aweful... That shows me video is no where near where it is going.
This PENNY stock is exactly that...in pennyland. As many of you said, we will not attract the right investors until we clean up the balance sheet and make the right moves to move up. i feel we are doing that now. It is not just rhetoric, it is actually making strides on a business plan. I am in Tech and I know the crap that goes behind it! what happens if some of Marks team is working diligently to prepare a video chat stream to allow 16 users on one stream?Because he has a company or partner that wants to see his capabilities? Oops he had to put the mobile app on the back burner for a couple weeks/months, etc... Or maybe G3 said they have some large corporations that want to buy a whole bunch of video phones but want to add a personal touch or "personality" to the software and then they will commit... So once again, Mark has to pull his team and get that done. This is not some huge corporation with hundreds of Tech's, it is small stealth team that work great together... This is a 3 cent stock right now! WAY Undervalued IMO but they are working for a bigger picture and things dont happen overnight and this evolution for sure does not happen overnight.
As Mark has stated previously, when he sees people answering their phones at home through their TV, he knows it is their time. I am 100% behind that.
Now if you have seen this happen on a daily basis then you must live in a gated community where everyone is richer than-sh*t because I have never seen it... I have seen some great TV's that are going to be hitting the market over the next year that are pretty much like an Android Phone that you hang on your wall! But it is not here now and available to EVERYONE! Even when they first come out, it is not the time, the time IMO is like now buying a 40 LCD - they are like $299, I bought my 42inch LCD 4 years ago for 1899!!! Now that same one is 299? That is what I am talking about, more people can afford it and it would truly be an evolution.
We will be there when I am able to run a VoX app through my Roku box or something like that. More and more I see people I know getting rid of cable and going to something like Roku to stream everything over the internet... This is where we want to go with VoX IMHO
I am sorry for the rant and could probably go on and on but I just want all of you to have confidence in this and not make any mistakes by selling because with the flip of a switch the beast could be unleashed... That is the most exciting part, this is a real company, not just a penny pumper where the MGMT are looking to screw people and then end up in jail. Paul has been there since what, 95ish? And Mark since the early 2000's?
They have put their hard earned money behind this stock from .10 to .02 to now .05... They know where this is going. Most crap company stocks you see alot of selling, this one is buying!
A linux based server cluster for cloud based software is perfect, they can bend and twist this any way they want it and are far more flexible than the competition with this setup. IMO -
We have a huge investor in G3, It has been 4 months since we brought Barry aboard, comon give him some space - atleast 6 months to make his first large deal...
It has only been 3 months since G3 put their money where their mouth is...
It has only been 5 months since we released the Android App and we were at 35,000 last time I heard? What happens if 10,000 of those are paying the 4.95 a month? And what about more pricey international calling? I know that sounds like crumbs but it something this company didn't have before...right?
I am just saying, we are moving in the right direction and this is the future. It is a steal right now and life changer. Stay the coarse...
PVSP
Again, sorry for the rant :)
I have asked myself this same question many times. Why is Vox fooling around with these apps that will not generatse nearly as much revenuse as the video app will.
I myself would just have dedicated my entire staff to producing the video app before anything else. Once the video app was completed and revenues pouring in then you can fool around with these lesser apps.
Now again I do not profess to be a software person and there could be a reason why they have not dedicated themselves %100 to the video app.
Yes Arthur you are absolutely correct. That is why PVSP needs to step up to the plate and knock one out of the ballpark.
Its time to put up or shut up. No more forward looking statements. Real news, real revenues, real results.
And btw Arthur I am not sure $1.75 will get you a cup of coffee at Starbucks.
I know it wont get you a flavored one thats for sure.
I would think that this manipulation would
either end or be greatly reduced if we had some
buying pressure / buying interest.
This we look to the company to remedy.
Vox app has not been updated in weeks. That would be a good sign that things are moving behind the scenes with having a PR.
As for the real money maker, that would be the video app. Everything else would be just fluff IMO. You can offer better long distance, but people will still use the Vox app? Maybe, maybe not. If you offer an outstanding video app then others will drive people to use your app. JMO
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