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Yesterday a "no real news release" through one of our posters which means it was free, resulting in 9 million shares being dumped for a big $900, and today back to normal with zero trading and NITE showing 35 million for sale at .0001. If anybody wants out of this very depressing stock, "maybe" you can get .0001 from someone, that is if you're lucky. Not very encouraging is it folks? Florida
From reading all these back and forth postings, it looks like a couple of you believe this stock is going nowhere fast. Am I reading it wrong ? Florida
Looks like I spoke too soon. NITE just added another 30 million to his ask. The beat goes on. Florida
You are correct, only 8 million shares left at .0001. Looks about ready to take out these shares and make .0001 the new bid price. We should do it this afternoon. Florida
I wonder if our C.E.O. ever thought of a company buy back now that the stock is at rock bottom ? Just announcing that no matter how many shares he commits to buying would send this stock into orbit. I'm sure it would have a much greater effect than these "good news" releases put out through our own shareholders. Like the original MIKEY used to say in his commercials, "try it you'll like it" Florida
Done mac. Welcome. Florida
It seems a little strange that we've been getting only one trade for the past few days and usually it's in the morning. Whether it's just by coincidence or planned that way it seems that only one buy goes through every morning. Waiting until the close for some follow up just doesn't seem to happen. Florida
All we need is some buyer to come in and buy up the .0001's. If that happens the current ask price should become our new bid price. With all the optimism of our C.E.O. you would think some new buyer would jump on board. Florida
Hello Dallas. According to these new figures our C.E.O. still has 243,242,538 shares still left that he can sell. Then our authorized shares would be even with our outstanding shares. No wonder nobody has been buying. This liquidation of shares could take a while to be finished. That's why VFIN is still hanging around!!! Where there's smoke there's usually fire. Florida
VFIN has moved his ask up to 0.10 which means he's only watching for the time being. NITE is the one asking .0001 Probably is selling for a retail customer. Just keep watching, sooner or later something is going to happen here. Florida
What we could use right now is someone to buy up all the .0001's. With that buy of $2,100 the .0001 would become the new "bid". Sounds easy doesn't it? Florida
Here's what VFIN does. How he can do it with NECA is the question of the day! Florida VFIN is a market maker who is traditionally known to trade shares being diluted by the company via toxic dilution (also known as conversions or dilutive financing).
All 3 of those things (toxic dilution, conversions, and dilutive financing) mean the same thing. It means the company has issued shares in exchange for cash. Those shares are typically issued at a 40 to 60% discount to current market rate. This strategy is great for the company because it gives them cash. But it's terrible for shareholders as it dilutes the share structure. Just like with economics 101 for any product...the more you have of something, the less each one is worth. And sometimes you'll hear a shareholder say, "It makes no sense to sell at these prices." But if you're a toxic finance company who has just been issued shares at a 40% to 60% discount to the current market price, you could care less what the current price is. You sell your stock, make your money back, plus a very healthy return. You give a crap less what shareholders think about your dilutive strategy.
While there's no concrete proof that VFIN was here to sell shares that have been issued via a dilutive financing, the odds are very high that is what happened. The good news is that despite all this selling, the stock closed at almost the high of the day. Once this diluter backs off a bit, we might very well see 6's, 7's, 8's here again.
Also, if you want to watch the movement of VFIN and all other market makers, I'd highly suggest spending the $12 to $15 per month and getting Level 2 quotes. Trading OTC stocks without level 2 quotes is like going into a sword fight without a sword, IMO.
Hope this helps.
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Beautiful surroundings. A lot different than Fl. Good luck, Florida
Thanks Bishop. I guess I'm just real cautious of VFIN. Just have to hold on a little bit longer. Is that picture on the horses where you live? Beautiful country and background.Florida
VFIN one of the largest diluters around, just put up 1 mil. shares at the ask of .0001 ????? Who he's going to sell shares to is the million dollar question ??? Usually he sells loads of shares when the stock has a bid price. How he can sell any shares with no bid is a mystery. Florida
This sounds like it has a very good possibility of happening. What's needed is someone or, some small group, to buy up all the shares that are sitting on the ask just waiting to be bought. We might have to wait a little longer, but it could turn out be worthwhile. Good post submariner. Florida
Wait for someone to drop $2k and scoop up 20m shares...good buy to scoop up a large %....and wait for a group to run it up.
It looks like folks won't be able to sell any shares even at a loss! With 20 million shares for sale now and absolutely nobody willing to buy any shares, all they can do right now is to just give their shares away. Since that doesn't make any sense we may not see any more trades in this stock unless our C.E.O. comes up with something that even sounds good. A couple of months ago I commented how boring it was to even watch this stock trade every now and then. Now watching it has hit a new low. The last time it even traded was a couple of days ago. Where did all our strong backers go ? Florida
Good morning Wash. Just checking in with you on the lack of interest in NECA. I know you always preach patience, but sometimes you just run out of it. With their app doing nothing to help the share price, and nobody buying any shares even at the low, things are not working out very well. Our C.E.O. seems to be laying low which means he has nothing to report. Not a very encouraging sign. It seems the only way to sell this stock is at its bottom, but selling there would just be giving shares away at a loss for almost everyone. Do you still believe that NECA will have a nice run? Right now it doesn't look very promising. Regards, Florida
Hello MIKEY. There's not much we can say right now. The stock is very quiet and without any bid or buying, the ask is building up at .0001. Looks like there's no rally in sight. We're definitely back to our "watch and wait", as we have no other choice right now. Florida
Good morning folks. At least we know the opening buys were not dilution trades. The problem is we could use a nice follow up of buying with lots more volume. Like MIKEY said, this might be the rally week, you never know. Buying attracts more buying. If there is some good news it could really take off. Besides, wishful thinking never hurts. Florida
Somebody likes NECA all of a sudden. With a long weekend coming up they waited until the ask built up and with 20 minutes left in the day they are buying those shares up. Looks like a good sign for next week MIKEY. Florida
I'm still trying to figure out how all those buyers at .0001 intend to sell their shares ???? There has got to be over 250 million shares bought in that range. With no good news about our new APP which was supposed to give this stock a boost, what could they possibly announce to attract any new buyers??? Your comments are welcome folks. Florida
129 million at .0002, and then only 2 at .001. So far no trades. Florida
Very strange lineup this morning. Only NITE on the ask showing 10,000 shares and nobody on the bid so far with zero volume???? Curious to see how today plays out. Florida
What news??? Please post if there is any. Florida
Now if we can get some buying at.0002 today, things would look a whole lot better. We still have over four hours left. You never know. Florida
As bad as this stock looks lately still doesn't add up to NECA being completely hopeless to me. Without having any exact numbers, I would take a guess that there must be at least 500 million shares that were bought at this price of .0001 and haven't been sold. Even though the APP hasn't brought any real buyers into NECA yet, I find it very hard to believe that this stock will not have a run as some of our knowledgeable posters have forecasted. When is the question, will it happen ???? I'm not sure even our C.E.O. can answer that? Probably not watching it too closely is the answer. Some of our more knowledgeable posters continue to say that "patience" is the key here! We shall see. Florida
Sent this out to Jeff on Friday. Florida T
To jeffcanouse@gmail.com
Aug 19 at 10:27 AM
Good morning Jeffrey. The last we heard you had submitted the APP to a second site on the web a couple of weeks ago. Since this is a very good place for us to get more exposure, can you give us an update on the progress of getting this exposure on the web up till now? You've left us kind of in the dark as to how these two good sources of advertising our business is working out. Have we gotten many hits, and is there enough interest to really help our business get going? It would be appreciated it if you could get out a short up date on any positive signs we might be getting since we've been using these two sites. Once again Jeff, I wish you and us nothing but the best. Regards, Florida
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Looks like a good day for you to do some fishing. Starting out as another very quiet day. I wonder if their two web sites that have their APP are getting many hits? The company is being very quiet regarding what's been happening or, not happening in that very important area??? Florida
Thanks again Mikey. Florida
Good morning folks. Could it be that the TA can't give us the up to date share structure on NECA because the company still has some more work to do? So far this morning we've traded 24 million shares at .0001, which amounts to around $2400. Somebody who has free shares looks like he's still unloading. The sooner these "loose shares" are sold the quicker this stock will start to move higher. Just my opinion. Florida
Good. Somebody finally figured it out. They won't be buying any lower than that! Florida
It's kind of hard to believe that nobody wants to buy any shares even at .0001 ? NITE has been showing 1 million there for the last 2 hours. The only thing that I could come up with, is that there is a complete lack of interest in this stock for some unknown reason. Florida
Good morning folks. I read some ones post a couple of days ago saying they would try to get a share update for NECA. I e-mailed that same request to their T.A. yesterday. So far no reply. If I receive one I will be posting it. Florida
wash, I don't think that patience will help wit NECA. Do you now agree ???? Florida
Thanks Dallas. Then we should be getting a p.r. from the company pretty soon. Florida
I was curious in how long it might take now that the APP has been submitted to Google. The answer surprised me. Florida How long does it typically take to publish an app on the Google Play Store?
Updated 21 Aug 2014 · ViewPretty quick actually. Once you push it live from the publishing interface, it will take a max 2/3 hours to be live to consumers. Unlike iTunes, Google review does not involve any human testing so it is much quicker
He's the C.E.O. at NECA. Florida
Dolphin, and he wasn't waving goodbye to us from his train. He even said thanks. Big improvement here with this company's transparency. I believe him 100%. We will be seeing the APP as soon as it's possible to release it. We waited this long just have to wait a little longer. Florida
Good morning folks. Late yesterday I sent Jeff a short e-mail and just asked him when we could expect to see this APP. This was his short but sweet reply. My turn to say "hang in there". Jeff Canouse <jeffcanouse@gmail.com>
To
E. Lepre
Aug 8 at 7:53 PM
Any day now/imminent. Waiting for official submission from tech!! Stay tuned!!
Thank you!!Sent from my iPhone
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