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SKH - Pinch and Volume
ARAY - Pinchin
5 million of it was mine, I've been trying to sell for months now. Just checked my fidelity account and saw 500$ become available, woo! Good luck and hope you trade this penny better than I did. That was a long wait!
my mistake, that's not me. I don't have that share count therefore you wouldn't have seen it yet through NITE. But I'm not on the queue anymore for NITE
that was me. Now it's moved way up. I like where this is going.
Offer is on the table, but NISC has not released info yet on whether they accepted or did not accept. That's what everyone is waiting for.
A close above the 50-day (~0.030) will be a great setup for the rest of the week. Holding.
Realistically, I'd say this should be trading 0.08-0.05 without any news. Once news hits I suspect this will pop nicely.
Check out the daily chart over a 3-year period. Support and resistance lines since January show a slow decline. Currently, this is trading right at the resistance line and the indicators (Slow Sto, RSI, Williams %R) are showing this as over bought and due for a correction back to support levels. I predict this will be hitting near 50's within 5-6 weeks.
OR, if this breaks the resistance then this could start trading entirely in the opposite direction due for a bullish rally.
We'll see, I'm very novice at predicting overall market trends, but my gut is saying one day this gold bubble is going to bust wide open.
Financials don't justify the market cap and PPS.
Fair Market Value of this company is roughly $6Mil (PPS*OS)
Yearly Revenue (as stated in 10Q) is about $450K.
Am I missing something? Maybe they have some contracts lined up that I missed. PPS just seems way too high.
If this could only be stickied to all of ihub.
Lower highs and lower lows is how these pennies typically work. Sold the last of my position at .0029 a while back and lookin for a round 2. I suspect this will tickle the triple zeros before a bounce. Stay away from the kool-aid slim7.
Well this was fast, I called Fidelity (already have a retirement account with them) and I opened up a brokerage account. I told them about ADCS and being non-DTC and they said I could transfer all shares at no cost and no problem. It took them about 10 minutes to research, but its all good and i'll have a full transfer in about 5 business days. Peace out Zecco!
Just called Zecco and the charge is only $50 to have my account transferred, but they suspect I'll have trouble finding a brokerage that will accept them since it won't be electronic(?). We'll see. Will be doing some research and cold calling to see what I can do. Wish me luck.
Looks like I'm part of the small percent that will have to deal with this. Anyone have experience with this before? I have a Zecco account which clears through Penson. Is there a way to transfer my account (including all shares and cash) to TDA or Fidelity?
This just popped up on my news feed - I filter anything with 'letter of intent'. Usually not a fan of stocks with OS of a billion+ common shares, but the buyback program looks great on paper.
"The revised future goal share structure is now 750,000,000 authorized and 500,000,000 outstanding...within the next three months." Wow.
I don't know anything about the costs of producing a television show, and more importantly, the return on investment. Anyone on this board have a ball park estimate of what kind of money this could bring? What about the US versions of Real Housewives and how much they bring in? Got some research to do.
I suspect the time between Letter-of-Intent and Revenue coming in will be 6+ months no?
This is an OTCBB stock, not NASDAQ BB. Its my understanding this has no affiliation with the NASDAQ. OTCBB is a tier above the pinks.
Ouch.
You're right on a few things, wrong on a few others. I don't post much, and when I do I try and draw others opinions out. I'm a fan of constructive criticism. I tend to post when I hold a position or as I'm doing research looking for a comfortable entry.
FLTT popped up on my news filter on the June 13th LOI, didn't chase and just set an alert for when it hit below 0.002 again. Low and behold, it hit and here I am. So relax, I'm just locking in some profit and looking to reposition on the shakes - and yes its a lil more than 200 bones.
Been following this for a few weeks now. Currently don't hold a position and just waiting for accumulation to pick back up. Feel bad for the longs cause you guys are getting hammered and I think this company actually has some good things going for it.
220mil OS puts this company's value at approximately $660K (OS*PPS). Considering it had over a million in revenue last year I don't think this PPS properly reflects the company. It all makes sense when looking at all the convertible notes SNWT made with third parties. I'm sure all of them are just bid whacking this thing to a pulp which is why its so low.
I'm on the side lines until it starts trading sideways a little bit. GL and I hope to join soon.
Will need to hold the support between 20 and 23 for a little bit, next resistance at 30. I think 24 to 28 will go by real fast if we can break into that territory.
Sold half this morning and ready to buy again if there's another dip during lunch.
These MMs are so unpredictable. One minute there's bid support of 20mil and the next it's gone with only 1mil sitting at the bid. Damn man. Same thing with MMs on the ask.
just cancelled a small sell at 25, weee!
~35 million bid support @0.002, looking strong
Just know that someone is trying to gobble up 30mil (@0.0016) shares at the moment. great support
19's up!
my guess was a conservative 500 Mil. Considering the revenue this company makes - this stock is still really undervalued. That is, if you think the pinksheets is a place where you should do value investing ;)
Personally, I'd like to see no gaps at the open.
Great volume and finish going into the weekend. Really looking forward to Monday. Holding for a sharp move.
FLTT: Real revenue, low float - so undervalued
FLTT: Real revenue, low float - so undervalued
What was that, 4 ticks up on like 5M volume? Very nice. A close at 0.0014 would be good going into the weekend.
Here's my logic. Maybe I'm wrong in this thinking, so please correct if you see something stupid.
Last 10Q had a share structure at 900M for the AS and just 41M for the OS. I'm thinking no way in hell this is what it is currently. I'm going the conservative route and predicting the OS to be 500M - probably much lower than that, but again I'm being on the conservative side. So 500M shares multiplied by the current PPS puts a value of the company at $500K. Okay fine, they must not have that much revenue coming in - I'll just check out the cash flow sheets.
Well shit, they had almost 4.5 million in revenue last quarter with a profit of $180K. Maybe I'm over simplifying, but when a company generates 14 million in revenue over a year, and the PPS shows the company's value is only worth $500K - something feels off. Plus, I'm using a very conservative estimate at the OS.
Am I completely off when I estimate the value of a company when I use Revenue and not net profit?
What am I missing guys/gals?
Level 2 quotes..google it
16.8 Million Float?
Check out the latest Quarterly Report.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=49476
As of March 31, 2011 the SS is currently:
AS - 1 B
OS - 200M
Float - 16.8M
So this stock has traded 7 times its float today and we're down 30%? I don't own shares, just doing some DD and wondering what is going on.
Ya I was expecting this too. Damn
Bid support is crazy right now
My suggestion is paper trade for a few months before you dive in with real money - even if its money you can afford to lose. I still paper trade to this day and is a great way to test new strategies. I have an investopedia account and treat it like its my Zecco account. Although you can't trade penny stocks on investopedia.
This stock popped up on my news filter and decided to check it out. A heavy 3 Billion OS that has been increasing since 2009. Charts may say one thing about golden crosses or whatever, but its founded on nothing. Cash flow summary on the annual report says it all. No contracts lined up, no income. As long as there is no income they will have to hit the printing machine and raise the OS. I do not own shares, just checkin it out. I hate to say it, but with no contracts and a steady upward movement of the OS - my opinion is this is headed to trip zeros. There's just no foundation to support this current PPS. Boom, I said it. I'll see you guys again when that beefy news finally makes it through!
Well I guess I knew this was coming but was hoping it would be tied with some solid news to justify holding my position. I just can't talk myself into holding 10 mil shares anymore for Mr. G. Good luck to all the longs.
Wowza, the last couple weeks I've been trying to find a way to manage and filter news feeds to exactly the way I want it. And after I saw you bought and posted nearly 1.5 mins after the GLGT news I'm thinking, 'okay Wowza must filter news exactly the way he wants it.' So I'm wondering, what site or programs are you using to filter news?
Personally, I'd like to show all PR news for Pinksheets and OTC markets only. What I really want is a table with the name of the stock in the first column, a snippet of the news in the second, and finally a stock quote in the last. Does this exist?
Thanks!
Share Structure - A/S 15.9 Billion
From Nov. 22 Form 10-Q
"Common stock, 15,900,000,000 shares authorized, par value $.00001, 7,755,908,229 and 3,923,408,229 shares issued and outstanding, respectively "
I honestly don't know how to interpret the float and O/S from this statement. Any help from veterans?
Lumpina, did you and Ken talk about other franchise stores? I know there is a letter of intent to open one up in NH, but just curious about other deals he may have in the hopper.
My take on the coming R/S - if he does a R/S without a substantial catalyst then he'll leave no choice for his longs to sell. Catalyst as in signed paperwork that he has a bigbox deal, medical deal, or on the brink of mass producing an invention.
P.S. - I too am a realist, and was quite shocked at how amateur the website was when it came out. I do like the idea of setting up an amazon store and ebay store though. How could we not want to tap into the billion user traffic those sites get?