Smart Comm International Ltd.(fka SCMI)

[Mr. Bill]

scmi bid ut to .004

[MadeBucksOnThis]

ya never know when they start going, news would be a plus...

MBOT

[Yosako]

More than 7 months since NVSOS reinstatement...crossing fingers there.

[Yosako]

Ask back to $0.0075. OK

[Yosako]

Greed is good, but at least they could have left three 5k share blocks scattered around to start the run, roflmao $0.0033 to $0.0084 hitting the ask is pure madness unless bid chasers come in first.

[Mr. Bill]

Guess whomever had a sell in at .0075 pulled it - I would love to see a merger hit

[Yosako]

??? Wha... the $0.0075 offer was pulled?! Weird. Thought the spread was already f***ed up.

[Mr. Bill]

Agreed, a good sign.

[Yosako]

25k ask hit, maybe someone knows something? So far there has been a lot of recent bidding by an unknown person then this ask slapper shows up in a moment where the stock has still zero buzz on the boards!

[Yosako]

Bid up again. C'mon you lazy stock reverse merge!!!

[Yosako]

Hell again I got penny jumped at, I was just going to pick 20,000@ $0.003!

[Mr. Bill]

Nope - just got back from Peru

[Yosako]

Hey it's you the one who is bid fighting up here? I mean, no one else out there knows this stock even exists...

[Yosako]

Someone is desperate to get cheapies...bids were battling it out all the day.

[Yosako]

Bid War!

[Yosako]

Gosh shares are scarce! I got 10k then FrontRunning Joe comes in. Too bad I already paid the brokerage rip so I'll better not move the order.

[Yosako]

I'll try loading up to 250,000 shares.

[Mr. Bill]

Same for me on merger ' i think i have like 140k or so

[Yosako]

How many shares of this do you have? I've got 170.000 so far...

As for the merger do you have any further info? The only thing I've seen is the stock's reinstatement a few months ago, but no further details.

[Yosako]

Someone got tired of his shares, I'll take care of 'em...still bidding 80k more of this stinkin POS.

[Yosako]

Bidding some LDPPs down there in case Mr Market Sell Dumper shows up.

[Mr. Bill]

Nice, keep an eye on LDPP for .004 cheapies as well IMO

[Yosako]

After noticing a $0.003 tick I slapped the ask without thinking it twice, but only got 20k...Dumpin' Joe was caught with nearly empty hands.

[Mr. Bill]

Yep - manipulation - wait until the merger!

[Yosako]

There has been a lot of recent pps BSing: Now they dump 3k shares on market open and when I raise bid from $0.0024 to $0.0025 I get penny jumped at by a $0.003 bid. Then $0.0031, $0.0032...$0.0035 Huh....

[Yosako]

Supposedly there were more than 100M shares outstanding, however the free float is unheard of. This just doesn't trade! O_o' .

Oh my...this is the most boring stock ever.

[Yosako]

I think you're right on this one, it might be near a merger...someone must know something. What else would cause a bid war on a deadbeat stock with no followers other than us?

[Mr. Bill]

yep bid UTs here - but no shares available thus far!

[Yosako]

Gosh, got penny jumped at by a chasing bid.

[Mr. Bill]

Hey cool - Thx!

[Yosako]

I was bidding 250k @ $0.002s so I got filled. I'll tell the DragonFly guys.

By the way, you're also a mod on this board now .

[Mr. Bill]

Has possibilities just like SCMI - The guys over at DragonFly Picks like both! They usually are spot on at some point for a very nice run

[Yosako]

Mr Bill, what do you think on $GAGI? It was rumored to be looking for a reverse merger on January, bought 250.000 shares @ $0.002 today.

[Mr. Bill]

Agreed!

[Yosako]

I was joking, with 100k shares one can only get a downpayment for a Lambo ha ha .
However a run to $0.10 or so could happen...if SIPC went from $0.002x up to $0.07 with a more reasonable spread, a stock whose shares are locked up like this can get real volatile.

By the way, not buying a Lambo now LOL. My goal is pushing the account to a level where I can do this for a living.

[Mr. Bill]

Maybe not rich on 100K shares but an easy 10 to 20 banger - do that a few times and yea - you will be sitting pretty!

[Yosako]

Good! OK I'll take a little risk and move up my 100k sell order then, so if this finally goes thru a Reverse Merger I'll get rich quick .

[Mr. Bill]

Not too unusual - it generally takes 4 or 5 months to get a merger going, etc.

The good news about this is we are nearing PRIME time in terms of the average typical wait time after a reinstatement event.

It was not reinstated for NO REASON - Clearly the powers that be behind the reinstatement have or are working on some kind of deal and we are getting closer every day

[Yosako]

One weird thing about this stock is that it was reinstated by the end of 2010 but no action has been taken yet.

[Mr. Bill]

good point as well

[Yosako]

Or someone who wants to sell and so paints closing price so it shows up as a stock going up on scanners. With such volume, lame way.

[Mr. Bill]

good point - would make no sense - especially AT the bid or ask - maybe in between with an MM sucker fill

I think you might see MM sells atthe ask or buys at the bid for 1000 shares

to discourage folks and make them trade at the ask or the bid and honor the ridiculous spread

[Yosako]

By the way...who would buy 1000 shares of this?

[Yosako]

Which stock is it?

[Yosako]

I think all those orders are retail.
I doubt member firms bother with stocks like this at all - while I don't have L2 right now (save for whatever otcmarkets.com shows up for OTCQB stocks) one can spot non-retail orders by tracking 5k share orders that actually are bigger than that.

[Mr. Bill]

True - but just imagine a FS or a merger deal! Kaboom cubed!

Besides I am only risking $10.10 + 2.50 or $13.60 cents for .64% of the company!

Worth that just to throw it in the junk pile

[Mr. Bill]

Not really- each MM is independant - so if one wanted they could trash the bid and ask hard and go from .03 to .003x .0033 or something like that

Each MM could set their price - they would just have to be willing to buy or sell near the price they went with

[Yosako]

156k O/S? That's insanely illiquid...

[Yosako]

Nah, that rule is impossible to apply on the Pinks - if they had to do that they'd lose a lot of money since they could be caught buying all the way down into a Dump and Dilute scam.

[Mr. Bill]

they did this before and then promptly had a 1000 share "sale" at the bid

I suspect in this case they are helping out a broker with a trade

Some guy got an $8.40 sell at the ask for the trade cost

They did that to me with another stock at .0101 for 1K shares

I was a bit shocked but very happy with the trade - the OS is like 156K shares :)