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I don't know the answer but I would imagine it's traders front running the recent actions to clean up the shell and adding a new CEO. Presumably it implies a reverse merger or some other maneuver and CSOL being back in play. Whether it's real or another scam remains to be seen, but either way the stock could go much higher just from momentum.
Stockplucks, I agree on the couple pennies and only mentioned it because I got the impression that very little stock was for sale. Even when I upped my bid to the ask, it took a while to fill with several smaller lots. I think that is a good thing.....
re: CHCG - seems like the MM is playing games with the bid/ask. I've had a bid in for quite a while at $.83 and then $.835 and they were crossing trades at $.82 and then dropped the bid to $.80 and crossed more trades below my bid. Rather annoying!
While logging in and typing this I just decided to pay the $.85 ask so we'll see....
That's what I'm wondering. Most trades look to be at the ask. Shorts closing out their positions? Not sure why they would bother except maybe to free up margin to move on.
Well that sounds like good news. But unless they meant Nov 1st or 2nd, then it's going to be more than a week away for something that normally takes a couple days start-to-finish. At least there is a light at the end of the proverbial tunnel.
It will be interesting to see if this delay was really to shareholder benefit or for some other benefit. My personal theory is that if this was for some ulterior motive, the share price returning to the pre-split adjusted level would signal the imminent release of our shares. If this was really about busting the shorts on low volume or whatever for our benefit, the share price should at minimum stay where it is or move higher before our shares are released.
Considering the stock is incredibly undervalued if the valuation reports are to be believed, I would think the best way for Maly to send a message to the market would be to sell a small (say 10%) percentage of his assets and issue a $1/share dividend (my math is not intended to be accurate, just making a point). This would surely get rid of ALL the shorts and longs could regain confidence in mgmt. The stock would go way higher and Maly could then focus on developing the remaining 90% from a much stronger position. But for whatever reason, I figure the odds of a divi to be not so good. Share repurchases are good, but I don't think it'll have the same effect.
George,
That is certainly a valid point....I don't know that there will be a flood of selling. There very well may not be. But I do know that nobody is restricted from buying right now but almost everyone is restricted from selling....so it's just a concern of mine, nothing more.
As to why anyone would want to sell here, well, I bought my shares purely as a trade as I don't trust management but I did think the price looked attractive at $.02. I'd like to have the option to keep riding it higher or cashing out, but at this point I don't have that option and I don't like it.
oilspec, the thing that concerns me the most is if not all brokers will post the converted shares at the same time. It's going to be a crock of BS if say the price is sitting at $3 or $4 and say Etrade or Fidelity customers start dumping shares and the price drops to $2 by the time TDA (just for example) credits their customer's accounts. That scenario will be extremely unfair for some people compared to others, but it wouldn't surprise me. I'm hoping that when it happens it'll be overnight and everyone will have their shares the same morning when the market opens.
Even worse that they actually labeled production equipment as drilling equipment. What, was that the closest oil-related location they could find to take pics for the PR? Sure doesn't inspire confidence in the PR when I'm guessing the inclusion of pics was supposed to do just the opposite.
Asus, thanks for answering my speculation on the PBLS board. I found it interesting they deleted your simple reply but not my original post?? I guess they don't like you! Well, at any rate, I hadn't previously read your board (lots of good posts) and just read through the NWOG posts from 9/22.....curious if this board has an opinion on whether NWOG is a pure scam or a maybe scam at this point?
PBLS Strategy.... Is it possible that all the buying and selling of businesses seemingly without much follow through or logic is part of a dilution strategy? For instance, I wonder if PBLS issues shares to buy a business at a little above market prices and then releases a PR to get the volume spike so the old owners can sell their shares for cash, and then later after people have forgotten about the big new business PBLS sells it for cash at market or below market. The goal of this would be a cover story for the dilution. That way when the O/S increases they can say "We issued shares to buy xxxx as this will increase shareholder equity, etc...." as opposed to simply dumping shares on the market and sending the stock to triple zeros in a hurry. I have no basis for this, but it makes me wonder. I made decent $ last time I bought this for $.006 and I'm thinking about it again, but it would certainly make me feel better if the company is legit.
Well not much of a "paint" since I was trying to buy at the bid, but I attempted to start an intial position of 65,000 shares at $.0145 and all I got was a lousy partial fill of 5,500 shares (last trade) which isn't even worth the commission.
Perhaps because NITE is the ONE MM that is moving the 13 million shares the O/S increased since 8/31? If they averaged $.02 that would be a tidy $260,000.
Well, since Coastal and Victory are splitting the 100% wi in the venture, it doesn't sound like EDEX will be involved. That doesn't mean much in-and-of itself, but it might mean that VYEY is a more serious E&P while EDEX prefers to be mysterious about its activities.
Of course it would probably be impossible to buy any significant quantity (or ANY qty for that matter) at the last price of $.34, but that makes the entire shell worth only approx $132k???
There had been some speculation that the R/S was done to prepare the shell for Don's use, but I wonder what's next now....
So...does CIRU have any real value besides being a clean shell?
Where was the cash for this divy supposed to come from?
Perhaps this move/volume goes with the point I was trying to make that doing the divy before it trades on the pinks doesn't make much sense. Maybe we WILL be trading again soon, regardless of what the last PR said.
I understand that, and thanks for the reply, but it wasn't the tricky part of my question. What I'm asking is this: If the dividend is paid before the shorts even have a chance to cover, what is the net result? They owe a share they can't pay, but were not given the chance to cover in advance, which I thought was the whole point? What happens next? They have to buy a shitload of restricted shares directly from Don to pay out to the retail holders of the NSS?
Question on divy:
So there's something I don't understand after the last PR. I was assuming this would be trading on the pinks well before the divy date. But now it sounds like it won't be. Wasn't the idea that the shorts would have to cover BEFORE the date of record because there is no way for them to pay a restricted share? However, the lastest PR says we can't expect the real covering to happen until it's back on the pinks? The scenario doesn't seem to make sense. Anyone have any idea what happens if the divy is issued while we're still on the greys and the shorts have not covered? The only thing I can figure is the date of record will have to be pushed out past the completion of the 15c-211. Am I missing something?
Realtor, good question. I remember you asking the right sort of questions a month or so ago about why such a "huge" new operation would reverse merge into a pink shell with 20-25% of the O/S in the hands of LFWK bagholders.
Question on cert recall: Hopefully I'm missing something, but if trading is suspended while the certs are exchanged, how exactly are shorts going to cover with no trading? Or is the idea that the squeeze is going to happen between now and the recall? If so, how would the shorts know how long they have? There certainly doesn't seem to be any buying frenzy right now. Anyone understand how the process of covering will work?