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Because it's a failed stock.
why did it drop down from 3 cents to 0001 in the first place?
Well, that's good.
There was an element of facetiousness in that proclamation. ( ;
I'm not. No one really wants to hit it hard. A couple $100 worth here and there isn't going to knock it out very fast. Could take months or years at this rate.
I see ONFI still has a bid.
I'm surprised.
May be down for the count, huh?
No idea regarding OS count. My speculation is that the current OS is much higher than last reported by the company.
Meaning the current O/S.
Yeah, i can see that but any idea on the O/S?.
Good resistance at .0001. Looks like we finally found the bottom. :)
Possibly. I am hoping for another run before then. Either way, that is the risk we take with these.
It hasn't dropped to .0001 (again) because one person got impatient.
It's at .0001 because that's where it should be.
Another R/S is a concern.
Not too worried. Might take some time now but very low volume. If it were 50 million at .0001 I would be concerned but not on this type of volume. Someone just got impatient and sold out. I got all the time in the world to wait. I only have 8.853 million shares riding on this anyway.
Bid support at .0002 didn't hold up.
Nice bid support at .0002 now. Would still like to see a couple more MM's at .0002 but looking good non the less.
The .0002's were taken out on the ask again. Didn't take too many shares and this is still very low volume for a .0001-.0002 stock. We might see another small run with the increased volume today almost all at the ask.
Hardly any .0001s were printed the other day so .0002s still appears to be buying range, that and now .0003 IMO. If this can generate some volume, could see a run to .001 area IMO. Take profits on the way up of course.
Getting ready for a bounce. Get as much 1s you can afford. All IMO.
TADAAAAA!!! .0001, folks.
Seriously. Regardless of what the O/S might be, the mc on this is ridiculous.
But don't assume I think it's due for a bounce because it's undervalued. On the contrary. I think it's more than likely that this is indicative of something bad coming.
"no bid" comes to mind, of course, but so does an SEC revocation.
When I can afford to buy up all the outstanding shares of a .0001 company, I have to wonder why.
Hey, there's an idea! CEO slojab. I like it!
Just a buying opp for anyone who believes there's any value in this stock. ( :
Makes me sick. Wanted in at .0002. Waiting on my other sell to clear before I can buy
Better hurry though, before the .0001s become available.
What's happening with the dump today?
It'll run again soon IMO, holding my shares.
.0004 on ask churning, still thin
Who is selling all these shares at 3. Can it be retail for a loss? Anyone with L2?
LOL, I meant just the hype with some volume. ONFI still has a strong runup potential IMO.
What's there to make people aware of?
Actually, the less people know about their past failures, the better off they are.
ONFI is thin and needs more investor awareness. Just a little interest and volume will make a 1000% jump or higher. We haven't seen enough volume yet.
Ya right, it was MWWC, now I remember. Still have some free shares from it. I doubt if ONFI will hit 2 again, if it does, it's probably doomed, and will retire to no bid.
Nice sell. I am happy with my sell too. Looks like it might be getting to a good price again. I think I will wait for .0002's. I bought something else with the proceeds from this one so hopefully I will be able to sell that and buy some .0002's if they start trading again.
Good luck. I still like MWWC. That one will be great one day I think.
Where have I seen you? MWWC/TMHO/COLV? Great to see you here too! I sold some at 6. Will buy more. A run up is due here IMO.
I'm happy with what a got. 2.8 million was bought at .0002 and the rest was .0003 so selling at .0005 is good enough for me. Don't want to be too greedy. Good luck. Hope it keeps running tomorrow and you make a killing. As for me, I am happy with the profit I made.
Grabbed a position here today, could see .001+ IMO
Great job! I hold for a bigger jump.
Looking great! hold tight and fasten your belts. Get in while you can under 0.001 and be ready for the end of the week run, then a news spike? GLTA.
I like little $1,300 profits for just holding over a weekend. Thanks whoever you are that bought.
Wow that was fast. My 5 million shares are already gone at .0005.
POS effect on friday! ONFI ready for a big run? LOL. Does POS run? yes it does, usually very fast, but only downhill. Many ask if ONFI has revenues, yes great projected revenues. Waiting for the big run.
The O/S may be double what it was when they last reported, which was for the Dec 31 eoy statement. Probably a couple hundred thousand shares have traded in the six months following.
http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-56-03NA000000ONFI-&SF:6|5-WD=539-HT=395--XTBL-
If it HAS doubled, the mc at .0004 is still just $60,000.
Which may be all it's worth as an ongoing "business" value. ( :
But as a shell value, it's probably worth more than that.
I've always said that any pink pos could run. Just not on fundamentals. ( :
Over the years the company has reported Zero revenue.
The closest they came was "Projecting" 20 Million revenue in a press release back in 2009 which never happened of course, LOL. Hard to believe ONFI would have significant assets without any revenue.
Since I've been watching ONFI, it has never been clear to me if the company ever provided any service or product although I strongly doubt it since ONFI has never reported revenue. Regarding the OS, I also suspect the reported count is outdated and much larger.
gte_gold
What assets? ( :
The O/S is as current as we can know based on last filing. Being that there hasn't been much trading going on recently, it can't have risen that much.
Maybe one of the officers will pop in and update us!
Where do you read about the Assets ?
I think the MK is not really 21k
The Numbers are old - maybe the O/S is now 500 Million till 1 Billion because if the O/S is 74 Millions we trade today till now 44 Million shares and the PPS is not higher
I can't argue the mc.
But I can the "assets".
20K MARKET CAP it's funny. 2.3m assets.
What's the impetus?
Merely it's pathetically low price?
Which it richly deserves?
14.5m on the bid,1.1m on the ask. break 3's can send it nicly.
Makes me sick. Wanted in at .0002. Waiting on my other sell to clear before I can buy.
As opposed to a trade with a buyer but no seller. Kinda like immaculate conception, or the sound of one hand clapping.
I think you're right slojab. I don't think ONFI ever hit .0001 before the previous RS.
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