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Very tough out think we may be seeing some major dilution.
It's going red all out between .21 and .205 will reenter at .145 range where I think we will be by 11:30.
Just was looking at the financials is all. Since March 31, O/S have increased 8X - approximately. A/S is 500 million.
Just meant that 60 thou isn't huge if you're looking for a big position.
5x avg daily is low volume? This things not your typical pos pinkie if you can believe the filings it's a pretty low floater.
Sorry to be a downer. Just get nervous when I see Mgt having to put up personal funds to continue ops. That can't go on for very long.
Management hopes to develop a business plan? Seems like that's a first step not something you work your way into as you go along.
With no money they could only acquire that other company with a huge amount of stock at a deep discount. I haven't looked, but despite a low float at the moment, they must have a great deal of authorized shares.
The Company had $0 cash capital at the end of the period and current liabilities exceeded current assets by $1,187. The Company will be forced to either borrow or make private placements of stock in order to fund operations. No assurance exists as to the ability to achieve loans or make private placements of stock.
Results of Operations for the Quarter Ended March 31, 2006 compared to same period in 2005.
The profit/loss per share was none in the period in 2006 in 2005.
(b) Liquidity and Capital Resources. At March 31, 2006, the Company had no cash or other liquid assets with which to conduct operations, except inventory held for sale. There can be no assurance that the Company will be able to complete its business plan and to exploit fully any business opportunity that management may be able to locate on behalf of the Company. Due to the lack of a specified business opportunity, the Company is unable to predict the period for which it can conduct operations. Accordingly, the Company will need to seek additional financing through loans, the sale and issuance of additional debt and/or equity securities, or other financing arrangements. Management of the Company and its counsel have advised that they will pay certain costs and expenses of the Company from their personal funds as interest free loans in order to facilitate development of the Company's business plan. Management believes that the Company has inadequate working capital to pursue any operations at this time; however, loans to the Company from management and its counsel may facilitate development of the business plan. For the foreseeable future, the Company through its management and counsel intend to pursue acquisitions as a means to develop the Company. The Company does not intend to pay dividends in the foreseeable future. As of the end of the reporting period, the Company had no material cash or cash equivalents. There was no significant change in working capital during this quarter.
NEED FOR ADDITIONAL FINANCING
The Company does not have capital sufficient to meet the Company's cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934. The Company will have to seek loans or equity placements to cover such cash needs. In the event the Company is able to complete a business combination during this period, lack of its existing capital may be a sufficient impediment to prevent it from accomplishing the goal of carrying out any business. There is no assurance, however, that without funds it will ultimately allow registrant to carry out any business.
The Company will need to raise additional funds to conduct its business activities in the next twelve months.
No commitments to provide additional funds have been made by management or other stockholders. Accordingly, there can be no assurance that any additional funds will be available to the Company to allow it to cover its expenses as they may be incurred.
Irrespective of whether the Company's cash assets prove to be inadequate to meet the Company's operational needs, the Company might seek to compensate providers of services by issuances of stock in lieu of cash.
The Company's auditor has issued a "going concern" qualification as part of his opinion in the Audit Report. There is substantial doubt about the ability of the Company to continue as a "going concern." The Company has no business, limited capital, debt of $1,249, all of which is current, no cash, nominal other assets, and no capital commitments.
Management hopes to develop a business plan and will need, at which to seek and obtain funding, via loans or private placements of stock for operations and to provide working capital. Management has plans to seek capital in the form of loans or stock private placements in the next quarter.
Don't know...up on small volume. Danger sign.
What the heck happened here?
http://finance.yahoo.com/q?s=TGPC.OB
Good thing is I would've expected a much bigger pullback and some sideways action for a while after a run like that. Still, it went up after a slide back to 10 or so. I should always sleep thru amateur hour - unless I'm selling my gap gorillaz.
Trying to learn a few things about them.
I need a chartman to tell me where the heck this things going after the amateur hour, gut tells me up...or maybe that's my heart.
You're good at that.
CRDM is all over the place should be swinging it, hate when the buy and hold mentality kicks in.
"ORLANDO, Fla., Jun 01, 2006 (BUSINESS WIRE) -- Raven Moon Entertainment, Inc. (OTCBB:RVMO) is pleased to announce that its Board of Directors has passed a reward resolution stating that anyone who exercises the new 40 for 1 warrants into common stock, the shares exercised will be exempt from any reverse splits for a period of 12 months from the date the shares are exercised and issued."
What does it say about your company when you have to make such a statement? Think they might have a history of R/S, LOL? Would it even be legal to R/S some of your shares O/S and not others? These guys should just pack up and go home. Turn the keys over to the fraud police and find a new occupation.
Was away Bud. Congrats. I'm back to full-time trading tomorrow.
Hope you bought the crdm big run today.
Yeah. I'll look into the TMY - I liked what he said about it. Good luck with the WDAM.
I'm at my pal's house. I won't be home til AH or I might have joined you. After today, going to start refocusing with you on some trades. Been kinda lurking too since you were out on the vacation.
The course was in excellent shape, and we finished all 18 by 1030. Talk to you this evening.
WDAM nice news trying for a taste here:
http://biz.yahoo.com/iw/060531/0132054.html
You take a look at the TMY Cramer was pimping last night? It's an interesting looking sub $10 stock.
Yeah. That thing seems to splutter when it's up about 40%. If you can catch it by up 15% you can get a nice little pop; still...not much over the past several months has had more than a one-day run.
That CKEI never can sustain a rally must be selling into news.
"Hearing rumors of insider buying"? Are these guys funny or what?
Just got your message Bud. Been waiting on a phone call.
Still holding some crdm, "free" shares.lol I hate that terminology but I still think this thing could rocket.
Hey Bud. Just woke up. Since I quit eating sugar I'm sleeping like a log. You in anything this moring? Looks like the Pistons are toast.
VRDI getting the Stockster pump this morning.
will have to keep an eye on it tuesday
Good luck Bud. Ride should be here any minute. Next week I'm trading dagnabit.
Might have hopped in, good pullback, but I'm getting ready to leave.
If you go in I might join ya. Whales can take little fish along for the ride, LOL.
CRDM we gotta watch for the dip and rip in the morning.
I know the past is not necessarily indicative of the future...but the last two years they've done 1:1000 R/S...now I don't know if any of those were to absorb an acquisition. But I got suspicious when I saw 24MM shares out. Pretty low and good for a BB penny. Certainly had a great move today.
Nice move on that one. Gotta start getting up earlier and reading the news, LOL. BB has been so slow and populated by outright scammers lately that I haven't been up on things. Oh...here is some info.
"Who uses ArcaEdge as a trading platform for OTCBB stocks
Clients include leading institutions, Nasdaq Market Makers, broker/dealers and professional trading accounts. Retail investors cannot send orders directly to ArcaEdge. However, retail investors can contact their brokerage firms to see if they route orders to ArcaEdge."
So you can see when someone says "ARCA is short" they're not really up on things. It's like saying the NYSE is short a stock. True, some members of the NYSE may be; or some MMs who use ARCA may be. But there's is not ARCA with a trading account like NITE. Sorry - not really a big deal. Just like to set the record straight at times, prevent a few investments into the flamingos, LOL.
I'll give our Bud a call.
This doesn't suck: CRDM
http://biz.yahoo.com/bizj/060525/1293925.html?.v=1
LOL. Logic doesn't work on these boards. I can say this for sure - if these guys were trading like this with legit companies, they'd be bankrupt in a month or less.
Yeah - am bored. When a company tells you it's selling shares and you still buy - gotta doubt the ol' brain capacity. Still...people get rich with the flamingos all the time on the bigger sucker principle.
Definitely stinky. And as the man says - tips are for waiters. Leave 'em on the table.
Yeah crazy times right now bud haven't been able to even look in on the mkt. Hate when the job gets in the way of trading. lol
well, it is really surging up this am. the most useful part of the chart might be the tic tac toe board though...LOL!
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