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OK......LOL.......This thing bothered me, so I looked deeper......The reason the cost basis changed, is because they don't pay out a dividend or distribution......They do a "return of capital" .....Had to read about it......Learn something new, every day......So, never mind(Gilda Radner).
https://www.investopedia.com/terms/r/returnofcapital.asp#:~:text=Return%20of%20capital%20(ROC)%20is,an%20investor's%20adjusted%20cost%20basis.
One final note......Seems to be some discrepancy on other stock info websites out there......I'm finding CBMT and CMBT......
Also, maybe all of these problems correct themselves, once the latest dividend is paid, on July 18th 2024.......
Actually, I just thought of the possibility of some sort of currency exchange loss or gain......USD to Euro.......Maybe.......
I too, noticed this new CBMT ticker, in one of my IRA accounts. It used to be listed as EURN, and both tickers show a company name of Euronav. I have two problems with this "change". I don't see any recent notifications about the change, nor did I see any sort of weird disappear and reappear routine, in my Fidelity account. The second problem is that the new ticker doesn't reflect the correct "cost basis" info, which is seen when I look back in history, back in March of 2024, when I bought the shares of EURN(at a higher price than what CBMT now shows)......The only times I've ever seen the cost basis figures "change", is when a reverse split occurs(with other stocks)......Since I'm pretty sure that no split has happened, I'm currently stumped.....Maybe I need to read some sort of Euronav 10K, 8K, whatever, to find out how such a thing can happen........
Do any of you other Euronav holders here on the board, have a clue......Thanks.
Yes......Sad but true.....
I wish the SEC would change the rules, about doing a RS......Make it really hard to get permission......
Sorry.....Your only other choices are to create more shares, de=list, or die.....
JMO
My problem yesterday, was one of reading comprehension, as stated by navycmdr,and I think sammyboy......The news came to me via Fidelity, and at first glance I thought it was referring to my hold of FMCC common shares. In reality it was referring to fmcc 25z bond related de-listing, and has nothing to do with common shares FMCC......The news came to me because it was Freddie "related" news......So I apologise greatly to all here......My stupidity.......GLTA
Thanks to the bunch of you, for your suggestions.
I thought that Fidelity's interpretation was typically the best, after calling them. LOL
"The shares will still be tradeable after July 1, but just not on any sort of exchange".......
Thanks for your post.
You're most likely a complete optimist, about the current "action".
Tell me then, why is the stock just riding along at current value of $ 1.40, and not sharply headed up or down.....
Are you saying that this is a "no news" type thing.....Don't worry......Be happy.....
I'm just trying to understand the action they are taking. It says delisting, with no further desires to list on another exchange......It doesn't say "payout" of any remaining shareholders on July 1......So, sorry to have used the derogatory word "downgrade"......
I'm not sure if you find their "action" , a "good" one, for FMCC shareholders......
Just got off the phone with a Fidelity person, for their interpretation of the news.
They say the shares will at least be tradeable in some form, after July !, though no longer on any exchange.....Which sounds kind of odd, at best.
Just, in my defense for asking for "clarity" on the action, I really can't get a "straight answer", everywhere I look......
Thanks for a reply......I'm just hoping I understand the change, that,s about to happen......A "downgrade" from OTCQB, to OTC pink, if I've understood correctly.......This can't be a "good" thing, for any equity......Do I at least see this part correctly......
I guess I'm asking a silly question.......If the share price keeps dropping steadily, and it goes under a dollar, they probably would have to do a crappy reverse split, to keep any sort of "compliance"......This has never been a good thing, at least in my experience.
Rather than doing a ton of DD, about the de-listing to OTC platform, do any of you out there see this change as "good" for the FMCC common shares holder.......I own a small amount of FMCC, and can sell it at a small profit right now.......Do I sell and don't look back, or does anyone foresee great share price rise possible........Thanks in advance.
Pump and dump (or not), I can somehow see myself selling my shares for 40 or 50 bucks, in the near future.......
Almost wish I could pre-place a low limit buy order, but no such thing possible.....
It's almost going to be like, how fast can I turn on trading at 4:01, and place the order......
This should be interesting, in after hours trading.......Where halting doesn't happen.......Hmmmmm........
I like the way, I like the way she dips......
It would be nice, if it would dip below 1.07 one more time........
Of course, thereafter, rise back to 2 bucks or more.......
LOL
How about some similar math, to predict how much the share price would drop, on the day of payout of such a dividend........
Oh well. Thanks anyway. News everywhere for JL shows that they declared a dividend......Can't find any further info. Thanks again.
Do any of you here know anything about the dividend they mention, payable on march 12th.........All they say is, there's 6 million dollars to distribute........I've never had to try and calculate a dividend amount, based on how many shares are "held"......Makes no sense.......Any help appreciated.
Ooops......don't know what happened there.......
than them doing a horrible reverse split, for absolutely no reason.......
Apparently nothing is going to stop this thing, from staying down in the micro micro region of trading......Certainly the company isn't doing anything......Perhaps they are just content, with the free "high" that their products provide......It'll be sad if they just let it all decay, down to .0001 status......I guess it's better t
Apparently nothing is going to stop this thing, from staying down in the micro micro region of trading......Certainly the company isn't doing anything......Perhaps they are just content, with the free "high" that their products provide......It'll be sad if they just let it all decay, down to .0001 status......I guess it's better t
Ever since the news of their "handshake" with Merck, I've been trying to raise my "sell all" good til cancel limit order, thru Fidelity, inching it upwards slowly.......Currently that is up to over 40 bucks......I hope the thing rises to long ago highs of $ 50, or more.......I can't think of a better way, to fight the massive shorting efforts........Am I wrong or crazy, with my "dream" ? If everyone owning shares, simply "held out" for "the moon" so to speak, wouldn't that thwart the shorting trend ?
Cause it's a convenient way to rid themselves of the larger shareholders......And the SEC rules of play allow them to do it......I've only had one stock become "more attractive" to the larger institutional buyers, out of many many reverse splits, over time......
Agreed. Instead, they prefer the "We're powerless....What can we do.....Oh well, you've been warned about these small companies.....Caveat Emptor.....Have a nice day".......
Typical overpaid government agency......
It's nice to know, that they still will honor paying out this huge dividend, even after the bad news......I just got in at $1.45, for a tiny chunk......Always have been a sucker, for ridiculously huge dividends......Who knows, the PPS might rise somewhat, in the next few days leading up to the record date....That might cause me to bail out, before the record, for a smaller "no risk" type of gain......We shall see,,,,,Anyway you look at it, after the divi is done, the PPS will probably be down in the pennies region......GLTA
I'm in too(just a thousand bucks), for this upcoming divi, and kind of wonder why this isn't so popular.......My luck in picking these high yielding divi stocks over time, is that they are ready to go "belly up" in one way or another......I first found it here:
https://www.dividend.com/monthly-income-from-monthly-dividend-stocks-etfs-and-funds/
Usually, if these high payers keep on surviving long term, I could kick myself in the butt for not investing 10 or 20 times more bucks.......I'll bet on one of the following:
A: They stop paying dividends entirely......
B: They do a horrible reverse split, for "restructuring"......
C: They file for chapter 11 bankruptcy.......
As is typical, I miss the boat on "bailing out" in time, losing my entire vested amount......LOL.......At least I've learned to keep the loss "minimal", over time.......
We shall see.......GLTA.
That sounds a little like "I'll bet my money on de bob-tail nag, Somebody bet on de bay".......
LOL
Don't believe the hype....Don't, don't, don;t believe the hype.......
This thing is a reverse split "magnet".......
Bought some shares in late 2014.
In 2016, and again in 2017, it went through two 10 to one reverse splits.
I currently own ONE share, valued at 39 cents.
I just watched a you tube "pep" talk type video, about MULN.
They currently had a vote and approval, for doing another RS.
I can't believe anyone here, would even think of investing one red cent in this.....
JMO.
Thanks....I'll probably just sit tight, though I did set a good til cancelled limit sell order, for .50 just to be safe.....I do hate though, when these things sometimes do a hideous RS, in order to rid themselves of the shareholders......LOL.
Not sure why this thing isn't on any "whale radar"......I owned 20k shares, back in March of 2021, which I bought for .029 per share......Sold half my shares when it hit about .11 per share, in early 2022......So I'm sitting on the remaining 10k shares, wondering if I should sell all, or some......Would be lovely, if it would spike up to .50 or a dollar......Again, surprised to see such low volume, currently......JMO.
I bought some of this POS back in probably early 2019.....It did two reverse splits thereafter, leaving me with a "payout" recently, of a whopping 85 cents......There ought to be a law......Looking at a chart now, I see where it even did a RS way back in 2013......What a total POS......Bye bye shareholders......Wheeeeee.......
He probably thinks this new NASD compliance, will get large institutional buyers to take notice.....I'll wager anyone out there, that this new price per share, will slump to under an buck rather quickly. He will receive notice of such, do nothing, and allow it to reach microcap status(again)......Well, maybe he will switch "hats" a few times. He has quite a collection of them. There's the laboratory hat, for grape juices. There's the miners hat, for whatever. Did he even try on a "weed" hat.....
I haven't kept watch. I too have Regeneca shares, in the form of a worthless certificate......
How guys like this avoid jail time, is incredible.
Obviously they're doing something right, be it "curious interest" or whatever....It has more than doubled, in the past month.....JMO.
I see the rise......I just don't see the news.....
Not sure. I don't think the ticker change is any time soon though. I think for any time I've had a ticker change symbol, there's been certain specific filings first, leading up to the proposed change.....The website for the wines, does say that the listing process is being "pursued".....
I'm just happy that the OTC pink markets website shows the shell is currently Pink, with info......
I'm currently watching a handful of Pink no info, Limited info, and Caveat Expert status stocks I hold.....There seems to be some last second "ditch" type action today, in most of them.....I think if I called to speak to either Fidelity, or even the SEC, about "What happens after the 28th", I would probably get "We really don't know" type answers......
Lucky you.....I'm retired, and more or less keep refreshing Fidelity's main page, whenever I pass near my laptop during open market times....I too saw the account value change, and quickly scrolled up and down to see that EVCC was the cause.....I may call Fidelity, to see if there's choices in "alerting" me, whenever a specific type of news comes in, for a given ticker.....
Seems like the buying began, right when the 18k was released.....
Minutes later, the smaller slow selling started.....So, looks like you were the seller.....But who did the initial buying at roughly 2:15 PM EST ?
At first I thought, maybe friends of Wang ?.....
Then I thought, maybe just some speculative "8k alerted" buyer.....
I just don't see how one could be instantly "alerted" of such, when the large price change activity doesn't even show up now here on IHUB, as far as Ticker cloud, Breakout board, etc.....
Maybe I should see if I can set up my Fidelity account, to email me instantly, when there's news or whatever.....
Nice EOD buying, to spike it upwards. I do believe that sooner or later, even if it is by pumpers, this thing will go wild, and make me sorry....I've had a long term limit sell order active to get out, if it blows through 10 cents....I may go in and edit the order for only half of my shares, instead of all.....Who knows.....Maybe Wang goes on a buying spree, with some sort of plan.....Or whale type buyers show up, to see what they can scare out of this thing.....
Anyway, thanks for the list of tickers that will likely die, at the end of the month....I have yet to painstakingly go through each of my list of OTCs(over 30), and prove that they are either doomed, or will survive....I think even some of them long ago, have filed whatever it is they file, when they file some form for "I just don't wan't to have to ever file", type exemption.....This makes it a tough call, if they have legitimately filed, for such an exemption......