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Do you have a link to the equity being canceled ?
I dont see anything regarding that. Only that debt will be converted to equity. Also price doesnt really reflect a cancellation. Would just like a confirmation is all since I will be trading it lol
thanks ... been in here a while at .0002 avg. Just added a few more.
Any thoughts on this pos company ? Is it alive ? I have some for a lotto someday lol
Well I can tell you what I do no matter what the stock
when I asking myself the same question. What to do
I sell half or 1/4 of my shares. Lock in a little profit and then hold the rest. If you are in at .23 u can sell 3400 shares at .54 stock price and ride the rest. You have locked in your cost. So at that point you cant lose. Just a helpful suggestion.
Oh ya and always remember .. hogs get slaughtered pigs get fat ! lol
Forgot to mention. I do like this stock for over 1 someday. especially if they get an EC committee, which they are pushing for
Sorry about Delta ( DALRQ ) but that stock traded in bk for almost 3 years with everyone saying the shares were getting canceled. I know, I traded it back then. It might have been more than 3 years I cant actually remember.
My point which I guess you missed is that stocks just don't stop trading. We will have months, heck we might have a year before it just stops and we will know the exact date. It won't be a surprise. Will it be canceled in the end ? Ya it might but that is the whole idea behind the Q on the end, it is to warn people of that.
Also in Bk most of the time executives CANNOT buy their own company nor can the 401k that usually invests in the company also. The whole point as you outlined is people might follow, amongst other things. Which I agree is a good on a good co. ( not C lol ) but with a bk it is another animal. So anyway my point is that you cannot follow insiders on BK stocks because they normally can only sell, they cant buy.
I am sorry if you got confused with my post I will try to make them maybe a little longer and a little more precise.
First of all .. Stocks don't get wiped out like that. This will trade till they come out of bk and that could be for years. Not just stop trading.
Secondly why would you follow some executives buying or selling when they are the ones that ruined the company ? Also the fact that they normally cant add to their positions in a bk setting should tell you they make no difference whatso ever.
Not trying to argue just stating the facts of the bk or any bk for that matter
Hope no one got suckered into selling yesterday .. Wow what a day makes I can breathe again hahha
hahaha I wish I could use the force like him. Make stuff move in the direction I prefer.
Nah just like the character. I just know the way the game works and have played it on both sides.
Well I know for a fact brokers and market makers buy mostly on the bid and often sell on the ask.
With that being said if you have level 3 access ( a marketmaker does ! ) and are looking to buy a ton of shares. Its in your clients interest and yours to buy where you dont see shares and also scare sellers into selling.
So lets say u see a ton of buyers sitting at 1 but really nothing at 1.05. Let the sellers push it down the 5 cents with nothing then load at 1 or 1.01 where support it. Sometimes let it break support and let sellers panic then take it up after you got shares. Its all the game of accumulation. Sometimes played kinda unfairly. But with this stock we have see it what 4 times now ? .48 to .20, .78 to .40, 1.05 to .7 now 1.46 to ?
I hope this helps answer your question
nice 255k block there at 1 ... its a fear thing I think the selling
Picked up a few IDOI at .004 for a flip at .006 in the future. This is going sideways here and should rebound a bit will add if a bit lower
Actually not true. If you look at most Q stocks once it has been established for good that shares are worthless ( canceled ) the stock usually gets a pop.
Look at any mentioned WAMUQ LEHMQ MTLQQ DPHIQ. In the end, Yes .000's will come but that will be a year from now.
Oh ya I still own alot of this pos and waiting.
News last I am being told. Looking now.
something like they lost a fight for an official voice in companies chapter 11 case
still looking .. got some at .28
This pos is due for a good run ! lol Been accumulating here. This always has a good run at some point. Anyone talk to the company ?
Holdings 10/1
MMAM
PNOT
CBYI
CEMJQ
AVRNQ
LFGRQ
AWYI
out half CEMJQ .90 .85 area from .035
Still hold a position and watching chart here. Needs to continue to hold over .80 .79 area. It goes below I will most likely sell most
Watching TXCOQ for pullback missed entry at .30
Picked up AVRNQ at .28 .30 starter package. Will see what happens
LFGRQ sold a little over half for loss at .06 ..
Still hold 200k at .08. Thinking at some point this pops once more to either let us out higher or to actually move good. We shall see. Most Q's when they announce cancellation finally of the shares actually pop. Why ? I have no idea but they do.
Are you kidding me ? Everyone here should be aware. Everything has been discussed at length since .05
Ditto man ditto
Me and you both. Its a shame because if MC hadnt posted we would be at 1.05 right now and well on our way.I guess to get all these suckers out now is a good thing. Just hard to watch
Being that it says absolutely nothing new. I dont see that it matters. Everything in the doc has been discussed at length.
But being it might be in violation (I have no idea to be honest) I will check before I forward it out to anyone else
Thanks that was a perfect summation of the doc.
If anyone wants it pm me and I will forward it to you
Yoda
(Josh)
I almost cant wait for 1.25-1.50 in a few weeks from now and people who sold here are pissed they got shook out for nothing new known.
Shame is all it is
Agreed. I read it as well and come up with the same conclusions. Same ole story different speaker. Nothing against MC but I think all he mentioned has been discussed at length.
Great post and exactly what I was thinking.
What news ? I don't see any news
Post please
what was the news ?
Just wait till I sell a little and this will sky rocket !! haha
Thanks I appreciate it if you could, I am always interested in learning something new that works in many markets.
Honestly not to be a jerk but that's still not an answer to my question.
I asked what is the Bollinger Band Boogie ? If you just want to keep it to yourself that's fine and I cant say I don't blame you but don't give me links to big moves in the past. I was many of those that was mentioned in that last post and I didnt use the BBB lol .. Just curious what it is ?
I know that is what he says, was asking what it was. For all I know he is flipping a coin . lol. I can say my analysis is from using the force but doesnt help other people much
What is the Bollinger Bands Boogie ?
Agreed here .. Was hoping we would get to 1.50 first then a drop to 1 area. Look for consolidation around .84 area for the next week then leg up
So now that old .84 break is at 1.14 in a week or so. Stair stepping is nice but on the step down it stinks to watch ..
Next stop 2 !!!!!!!!
Charge !!!!!!!!!! lol
Ya it is .. 1 old share for 1 new share
Kinda related but unrelated
PGPDQ awesome news out today and I think CEMJQ gonna follow the same road.
http://finance.yahoo.com/news/Pilgrims-Pride-to-File-Plan-prnews-718645140.html?x=0&.v=1
This is the part of the news I like
" All existing Pilgrim's Pride common stock will be cancelled and existing stockholders will receive the same number of new common stock shares representing 36% of the reorganized Pilgrim's Pride in aggregate. "
Wow nice 1 mil block at .81 ! BUY BUY BUY !