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You are getting this info from a poster on a message
board that has "spoken to" a principal.
Best regards,
JL
1/150 -e-
Is it the 1-500?
.<font color=platinum>Update from Victor Sun
Hey all, I got a reply from Sun yesterday, he told me 2 things:
#1- They are planning a R/S with BIMR
#2- The shell of BIMR will NOT be used for Sino-Canadian Metals Inc.
He also said that we will know what's going on "soon" .
"Can't I just make a bunch of money instead?"
I'm with you there.
Is a mode a way to trade this stock?
Sorry. I'm in a bit of a quandry also as I'm in around 8
and would hate to take a 50 cent haircut. Don't
want to get the bejeejus reversed out of me either.
Can't I just make a bunch of money instead?
we need an official TA report i think.
I think the modes who said the share count was way higher should change the Ibox.
i'm sitting here pondering on what i should do next week with bimr? and then i think to myself. what would gator do?
well somebody is happy to be buying shares but they do want them cheap.
bimr basing here probably will for awhile, any new info on the r/m situation?
I know. Numbers do not add up. I guess, the axiom to follow is indeed that volume preceeds price.
yes and i went back on the chart..and since the last filing in 04..it has only traded 75 million shares.total!
I haven't called the TA (probably should) but I cannot figure where all the supposed shares came from. Scottrade list O/S of 36 million.
well it could very well be tightly held...it certainly trades like it is pretty thin.
hmm if they really wanna sell then sell between the spread, there was buying last few minutes at .008 except for that 5k trade
think we have a morning seller at .006. I think they put their sell in yesterday near the close and the brokerage filled the 5K to take the fee.
be interesting to see what happens here today. Ibox still not updated....
15-12G filing is to certify and notify termination of registration and/or the suspension of duty to file reports.
It's normally done by OTC BB's when they don't want to file any more and don't care if they go pink. Also it's done when a company intends to go private.
Now and then a pinkee will file if they have more than 300 shareholders and were previously filers and now want to make sure they are legit before doing an r/m since the SEC has been going after some pink shells.
For some weird reason in the last few months especially, some people have decided that shells file them before doing an r/m and they run them on that reason. Whatever works I guess.
I've been playing shells for many years too.
Or go to the EDLT board. He is the mod their and I've talked wiht him in the past. The real question needing answered is that of the R/S. I have no doubt about the R/M. That seems clear. The R/S is the major concern.
-Spec
BIMR update
My friend is a venture capitalist and believe there will be a R/M on this play. He is in contact with the company and knows that a deal is being worked on. If you have any question you can search for december in the member list and ask him ;)
Not enough Smoke. Still cannot say there is a Fire. Need more concrete stuff. Anyone here witness LFZA of FCCN run ? More proof .
This seems more like dragonfly picks.
Well, we have a lot of good DD in the Ibox.
Normally before a R/M merger, pinkies also do a 15-12. I am playing R/M plays for few years now.
Even if they did not file R/M , I dont see enough smoke to believe it is a Fire
Why would there be a 15-12 filing? They're a non reporting Pink. Of course we'd all like to see them, and every other public company for that matter, fully reporting, but....
If they are in fact planning an r/s we'll probably not see or hear anything until it pops up on the Other Portal Daily List with an ex date etc.
well FRPT did ok BUT they were already a company before the reverse split and it took it a while to recover to pre-split value. Seems silly to dilute a shell unless that is all you are up to. If you are interested in putting a real company in there it doesn't seem to make much sense.
Good point. And 99.9% of R/S are bad news IMHO. The company needs to say something at this point.
Other than Eric saying this is a reverse merger play, where is the proof. I dont see a 15-12 filing ?
Does anyone care to answer my questions.
Yep me too. I'm wondering now if GLBT's seller knew something like that was coming. I couldn't figure out why all of sudden someone was selling through him and plainly didn't seem to care at what price.
Then when he was done, it doubles, so back to, who knows.
Thanks. I still like BIMR and the possibilites. I am just going to be cautious until we find out about this R/S info.
-Spec
Not sure. In tight hands maybe? I agree that the volume the last couple days is not condusive to a float that high, but I just know what I was told by the TA.
I got a question..If the O/S is that high..How can it go up 200%
on 2.7million shares traded??
How many of you would dump on a 1 for 150 reverse split?
How many would stay for a 1 for 5 or 3 reverse split?
Victor Sun reverse split his current company EDLT as follows.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001214659%252D04...
Who is angel hill corp? that would only leave 2 million in the O/S..LOL
on the bid, it could be good, id like to see him more often on the bid in the future then it might be insiders buying..imo
i really wasnt around much today to watch it at all to be honest. is hdsn a good or bad thing?
You done good and so did AHC.
Sheesh Mallard, you can't post a link to a phone call...phone, fax or email to the t/a is the ONLY way to get actual o/s as of the previous day.
He got the numbers from the t/a. If it shows up on other portal daily list with an r/s, then I guess it's time to say NEXT!
In the meantime, it recovered nicely today.
guess you gotta change what's in the Ibox.
not sure but I am guessing that a lot of people were operating on the assumption that the o/s was ten times less than it is. I know I was. Not sure why I thought somebody had recently checked the o/s but apparently I was wrong.....
true but the o/s in the ibox is old when was the last time it was updated?
maybe so but that is 10 times the number of shares that is listed in the ibox.
Transfer Agent:
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Call them yourself.
My game? Blah. You are a clown if you think I have a game. All I did was verify some info and share it with the board.
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