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A (dream) comparison. Has anyone checked out what happened to STVI?
Mid December of last year the stock was trading around .15. Mid February of this year the stock hit $4.5!!!
STVI has 33.17 Million shares outstanding with 14.44 million shares in the float.
http://finance.yahoo.com/q/ks?s=STVI.OB+Key+Statistics
Since things have been slow lately, I'd thought I contribute to the comments a few weeks ago where everyone was stating this could be the best investment of our lives. :)
Wouldn't it be amazing to see a similar run here? I mean the float here isn't much larger than that of stvi.
Cheers to dreaming :)
This trading behavior smells a lot like some Sirius consolidation. If the past holds true, we should see this spike up over the next couple of weeks.
Good luck to all holding this gem.
I am really hoping this is true, but I sort of recall reading something like this quite a while ago. The other item that makes me skeptical is "WORLDSPACE(R) Satellite Radio, (Nasdaq: WRSP)".
Of course I hope I am 10000000% wrong!?!?!?!?!?!?!?!? If I am wrong, this is going to be the longest weekend ever....LOL Never thought I would ever say that.
Edit:
Wait, I found it....
http://investor.worldspace.com/phoenix.zhtml?c=189783&p=irol-newsArticle&ID=878098&highlight=
In May 2006, WORLDSPACE Italia S.p.A., a majority-owned subsidiary of Worldspace, Inc.'s European holding company, Viatis Satellite Radio (VSR), received approval from the Italian Ministry of Communications to launch a subscription satellite radio service in Italy, and to use the frequency band 1479.5-1492 MHz for the operation of the corresponding hybrid satellite/terrestrial network. Based on that authorization, Italy will become the first market in Western Europe to enjoy a wide variety of specialized audio content from the WORLDSPACE Satellite Radio Network using its mobile technology. The WORLDSPACE system already uses the only frequency band harmonized for satellite radio over Europe.
Bummer!! Or please prove me wrong! :)
Yet again my heart skipped a beat today from this board. Oh how I wish that came out today.
Whoa, Level II just went crazy! Congrats to the buyer. Another reason to believe the float is extremely tight!
My heart skipped a beat when I read that!
Does anyone expect anything out of today's hearing? Or even wishful thinking?
And another court doc.
http://www.kccllc.net/documents/0812412/0812412110329000000000002.pdf
Agreed this sector is on Fire right now! Damn I can't believe what MJNA has done over the past 5 days. PCIO up 55%, CMSI up 20% and MJNA up 50% all this morning. Come on CBIS!! Looking good today.
Another new court doc.
http://www.kccllc.net/documents/0812412/0812412110329000000000001.pdf
Looks like the hearing on Thursday will go on.
that 16,100 Purchase knocked out two of the three MM's at .018.
MGTY, you are probably correct, the hearing will more-in-likely be cancelled 3/31 since there were no objections.
What a spread! 54%
So this hearing that is going on Thursday....any thoughts of what might happen? Seems to me like we are at the VERY end. Or could this drag out another quarter?
Any opinions welcomed.
I don't think there is a hearing today. It's on 3/31
http://www.kccllc.net/documents/0812412/0812412110317000000000001.pdf
today is the date for petition I believe...
from what I understand they are paying off some debt early (due in October). Costing approximately 90ish million and saving close to a million. At least that is what I read on another board. Hope that helps.
anyone on the board get those cheapies today?
I see this news is starting to spread....down .045 after hours.
Wasn't there a 3/22 date for petition?
And another court date of 3/31?
Hopefully this means we are closer to hearing something....
Nice action this morning. Took out .0018.
Ask
.019
.02
.02
.03
.0383
then to .51 :)
.51 sounds amazing doesn't it?
but that was way back in 2008 right?
Interesting article on Siri and Liberty:
http://seekingalpha.com/article/258562-is-sirius-xm-too-expensive
Here is what caught my attention
"The good news for SIRI holders is that Liberty is stating that it will not sell any of its 40% stake. Here is Liberty Media's CEO at the same conference:
“So our flexibility, I think, increases over time in terms of how we want to do something. We've talked about alternatives, from us buying 50 over 50, us buying control, us doing a spin, us doing a spin-merge. All those are still on the table. I suspect that us selling the stock for cash is probably not on the table, but all the other ones are. And we'll look at the alternatives we have for our capital, we'll look at where we think the business is. We'll look at what the valuation is, we'll look at what we can get done.”"
What's the relevance for today? I guess I missed something.
Tick Tock...
so I have Scottrade and the highest price they let me put in a limit sell order was for .06. And of course it is not showing up on level 2. I think I'll go ahead and keep it there...basically selling enough to get all my money back and still have quite a bit riding for free.
I wonder how much of the float this board owns? Do I even dare ask?
Looking good here.
I just had a post up with this link, but went to youtube and it's from 2008
http://genuinenow.com/2011/03/08/worldspace-sessions-abbey-road-wallis-bird/
Nice find Jel...let's hope the "of course" is obvious due to Liberty's ties to this company.
Yes there was a big sell off of SIRI at the end of the day (and after hours). What do you mean your cable just stopped? Are you talking comcast TV?
hmmm...No volume for two days after 250k on Tuesday? Now that's just odd.
ZZZZzzzzzzz...
Happy 3-3-11 Day :)
Another date of petition?? 3/22 :( ugh we have been waiting so ******* long! Agreed the amount of money lawyers are making on this is just plain stupid.
Interesting....AUTO just moved from .02 to .05 on the ask. Still two left at .02 though. I just though it was interesting to see AUTO go back to .05
I was getting ready for work when that 100K purchase came through. I am curious if that moved up the ask? Did anyone catch Level II when that happened? Only trying to figure out how many shares are for sale at .02.
Anyway, let's hope this goes back to .02. Portfolio is crazy up and down when this moves either way.
Thanks for the clarification. Hopefully someone can find the transcripts.
Can you elaborate on that MGTY...they can't talk about what? I wasn't able to catch the conference call.
Anyone out there think we might be able to break .02 this week? Speculation that Liberty may say something about their plans for the clean shell during their results....
Hmmmm....so I wonder how much longer we need to wait to hear something. Glad to see everything is going well in bankruptcy. Just hope to hear something soon!
Now for the shell....
Whoa, 3 million shares? You are going to be one wealthy individual if this takes off. Well you must already be wealthy to dump that kind of cash into a penny stock.
Good Luck everyone!
I am holding.
I have the remaining of my funds tied up in a couple of other stocks. I was actually able to pick up quite a few here last week at .015 and .02.
I do agree if we get some volume the .02's will be gone....until someone/thing decides to sell 350 shares and drop it back down to .01. HA
Seriously though, I really don't get how we are seeing sells of 350 at .015. That wouldn't even cover the price of the trade. Unless that is some sort of signal.
http://www.kccllc.net/documents/0812412/0812412110224000000000001.pdf
MGTY - I am not seeing in the docs that the hearing will not happen due to no objection. I could be wrong, but I don't see that....damn court docs need to be in english :)
New Court Doc this morning..
http://www.kccllc.net/documents/0812412/0812412110224000000000001.pdf
Seems to be another court date for paid settlements 2/28/2011 4:00 p.m.
Tick Tock! The wait has been tough here for all of us. NOL's, NOL's :)
I still plan on taking you up on the offer. Work has been crazy for the past couple of weeks.
I seriously don't understand this stock sometimes. A 180 sell a few days ago drops us from .02 to .011ish....a 3k purchase today jumps us back to .02. 605 sell down to .015.
Current
Bid .019 ask .02.
EDIT
bid .005 ask .02 WTF?
Hey Gomez!
I jumped in yesterday and am already sitting with a fat double. Again, I found out about this stock b/c of you. THANKS!
I actually started watching at .04..watched it fall...still didn't pull the trigger until the news came out yesterday. Still VERY pleased with this purchase.