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4,500,000,000 authorized
3,475,250,391 issued and outstanding
3,000,210,033 restricted
475,040,358 free trading shares
what about the 1,024,749,609 shares that are not mentioned except in the authorized shares count? Can they be sold into the market? What is the process of taking an authorized share and changing it into an issued and outstanding share?
I have to admit, this is a bit of a concern to me. Do we just ignore that info and pretend like it doesn't exist? Someone please help me to make sense of this.
Thank you!
Summit
The current capitalization of US National Telecom, Inc. is as follows and
is unchanged from its previous announcements. As of April 18, 2012 there
are currently 3,475,250,391 shares issued and outstanding of which
3,000,210,033 are restricted and 475,040,358 are free trading.
My question is this. If these shares are restricted, how is it even possible to dilute? OR are there other shares that you are saying can be diluted that they are NOT telling us about? I'm confused by this.
Thanks,
Summit
Has anyone ever seen a stock build a base like this for weeks, running in a channel, and then Not go up?
i like the way you think! Those shares are restricted! you are correct... in that case.. we are off to the races on Monday!
I agree with you on this!
From what i can see.. the charts are looking like a huge technical bounce should be coming very soon! WAY WAY oversold!
WoW!!! LOL !! I'm soooo out of the trends!!! LOL!! I guess i need to go to a different church! And the funny thing is that we have a golf course not 1 minute from my house! LOL !!!!
I totally agree! I smell something cooking! Wasn't it just yesterday when there was like 20 million shares purchased at .0032 in the last hour or so of the day? 10 million of which were purchased after the bell! Wish i had that kinda loot to throw at this one!!!
Agreed!
lol! That may be true for most, but not for this country boy! :) My son plays though! Does that count? lol
Exactly! :) lol ! Only i can't hit a golf ball to save my life!
lmao !!!
Everyone have a great weekend! i've got some packing to do.. moving to California! :) I'm gonna love trading at 6:30 am ! i'm an early bird so it suites me! $USNL
okay. Thanks!
Two sayings i like .. Somethings up! and Somebody knows something!
People snatching up shares like there is no tomorrow! That is speaking volumes to me. The cash flow is on the rise and the shady business is great for big MOMO!!! You are correct my friend!!!
I totally Agree!
OMG! LOL! how did you get that?
I agree.. i also believe that Monday will be huge for us! I was very encouraged to see the over 4 million on the bid come in at .0027 again for support and it held us up once again. Was tested there twice again this past week. When we come out of the oversold position, this baby is gonna fly!
If they lower the ask to .0028 and put the 5 million on there then i will take notice. I am of the belief that if the trading range is not broken, then don't try to fix it. Just let it be what it is, and if it resets either higher of lower, then i will adjust what i am doing.
Exactly!!! There are such things as technical bounces in penny land! And we are setting up for one HUGE technical bounce play!
Yes.. You know it's getting close when they scare the longs. :) I'm holding. I see the chart and i know what i'm looking at. The one thing that i would like to have happen though, is for the people at USNL to answer their phone when i call. That kinda bugs me a bit.
Agreed!
Oooooo.... yea.. the T-trade! Something interesting now that you mention that.. my scottrade weekly chart includes T-trades in them and so it made todays a doji :) I like the way it looks! lol ! and i love the fact that we are holding up so well at the end of the day!
i once saw *SFX sit at .002 range for weeks and then one day out of the blue if fell to .0011 By the end of the following week it had gone up thousands of percents! People panicked and sold and they kicked themselves only a few hours later, when the rally began ;) I've seen that more than once! I am holding until i hear from the company or something big happens that gives me a clue to get the heck out. So far the chart is looking good to me! It is holding the trading range so far and expecting Big money to come in on Monday even without news! $USNL is way oversold and due a bounce!
It may very well do that.. so when you buy in at .0016-.0022 where do you expect it to go after that? All i know is that it held support again today and i believe that if they wanted to take $USNL down.. today would have been the prime opportunity for doing that. They didn't do it for some reason and also.. i look at how many shares were purchased late yesterday and late today. Both of the last two down days were on low volume. If they had been high volume pullbacks.. look out.. but they weren't and they held the price within the trading range. The cash flow coming into this stock now is very encouraging and the fact that it is so oversold, also very encouraging that better days are on the way!
Finished the day Above the low of the day on these days just in the past few weeks
4/9/2012
4/10/2012
4/16/2012
4/19/2012
4/23/2012
Everyday? umm.. let me check my chart on that one.. i'm certain that there have been some days where it ended far above the low of the day. :)
The Chart is setting up exactly the same as it did before. This stock is way OVERSOLD on the Monthly chart! Ready for a pop!
The Chart is setting up exactly the same as it did before. This stock is way OVERSOLD on the Monthly chart! Ready for a pop!
I can understand that. :)
Dang .. someone loaded up on shares again today at these levels!
Wow! Nice set up for MoMo Monday! Looking forward to a great week ahead!
So selling into support is a rookie mistake .. not a flipper mentality! Whoever is selling today is panicking and giving away their shares.
Exactly!!!! They sell into resistance!
lmao!! true that!!!
Cool :) lol!
It's true.. he is. So .. change of subject for a bit.. what do you think about the possibility of what this other guy is saying about the company selling shares into the market? he says that he can't locate the current Transfer agent for USNL
Wow.. that would suck if they are diluting shares after publicly announcing that they are Not diluting! That would be crazy!!!
I loved it then and still do.. but i also love Eminem! LOL!