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GLTU, you lucky bum.
Aaaahhh, yes. Let's go.
I dropped to mid .13's and was just getting ready to sell & drop down again.
Looks like I better not.
Thanks, sure appreciate the heads up.
But I think you have the wrong board.
This stock is PHAR who bought the shell of BMGI.
If you will read on the top of pages 1, 2, 3 & 4 the note:
I guess you can't read.
The float is 92 mil.
That settles it.
CEO - in writing - no dillution for minimum 6 months.
Don't bother with the smoke & mirrors, go with the "worst-case scenario." 92 mil is low float in PennyLand.
YES!!
We know we are entering the big time when others use absurd reasoning to try to scare shareholders!
I'm quaking in my boots...just don't know what to do.
Maybe, after hearing the CC yesterday, I had better sell immediately because THEY were all lying (although they have facts to support their statements) and I should believe you, my invisible internet "friend."
LOL
.036's are up now, that's higher than 2 days ago.
After a record (so far) volume day, it HAS to bounce some.
This is not a "to da moon" stock this week. It will take 1 1/2 to 3 years, but will get there.
Dead on! I would if I could. Increased another play just yesterday.
Thanks for the heads up, Doc.
This was updated at the request of our moderator during yesterday's CC.
On this board, IHubbers have been giving us grief for the 12m "float." Although there are 12m shares trading electronically, there are 80m held in certificate form by people whom the CEO's believe have no desire to sell.
However, these people CAN convert if they wish at any time...
So, 92m is the official float.
STILL VERY SMALL FLOAT
Sounds like someone who is familiar with AD*V...
I hear you, bro.
It may be many flippers and/or bashers who bought yesterday either with the intention of making quick $$$, so GLTU, or who have more devious intentions, trying to scare people out of their shares.
However, PHAR is not just another P&D scam.
WOW, all in like that?
I hope you did your DD in case you lose that much!
Salute to you, CMDR. Volume is king.
But just think...
*No dilution for at least 1 year
*Such a small working float
(1 person could own all shares in the market for $500-$600k!)
At some point, as shares get taken and they become more scarce, wouldn't supply & demand drive shares up, regardless of MM's?
GM all...how about some group DD?
I am curious about the MM games that may be played on PHAR and I would LOVE to learn how they are operating with these "new rules of transparency." I would like to perform a group experiment. We will have a high level of attendance on this board today, so it will be a good day for us all to learn.
In the CC, we were told unequivocably that the actual float is 92m. However, all but 12m were in certificate shares - the 12m shares are able to trade electronically. At one point, one person (could not really discern who) said that maybe 500k of those certificates were sold, but not sure. Let's be generous and say that there is 15m tradable shares now out on the market.
Now, I know anyone can lie, but I would be interested to see how many IHubbers own this "operating float" or whatever you want to call it.
For the sake of privacy, how about any who are interested private message our moderator with the amount of shares they hold - NO PPS NEEDED - and just state if they are LONG or SHORT.
LONG: planning on holding over 1 month
SHORT: 1 day to 1 month
Steve can just report that IHubbers basically say they hold X shares long and X shares short.
We know that we have 14 months before products hit shelves, I would love to learn about the MM's through this experiment. I think it has the potential to help us in our positions with other stocks, too - after all, knowledge is power.
What do you think, an elementary & childish effort or worth a shot? I am curious what % we could influence. I don't believe we can make the price go up...but maybe we can have more of an influence to keep the price from going down? Never done it before and would love to play some mind games with MM's a little.
This is NOT any attempt to coerce or control anyone or tell them what they should do with their shares.
Well, Shakespeare in Twelfth Night said,
Thanks. I'm humbled and still learning.
Glad to be here on this board!
Just did, post #5757.
Steve,
Great work on this board and you were DEAD ON with all DD!
We may not make a lot of money quickly, but this stock is a keeper! I have 125k shares & I was planning on flipping and doubling, I may have to rethink my strategy after CC.
Thanks for all the long hours you have put in so PHAR.
I'm sure you will read the stickies, but here is the rundown (from my perspective) from today's CC in a nutshell:
1. 2 months ago bought this shell - absolutely NO ENTANGLEMENTS OR AFFILIATIONS WITH ANY INDIVIDUAL FROM FORMER COMPANY
2. Clean reporting, planning on going to bigger boards as opportunity and stock permits.
3. 1 billion shares total. CEO personally owns most of them. Float is 92 million, but out of that float the majority of shares are actual certificates being held by people who are very unlikely to sell. They can if they wish, but most unlikely. The remainder of that float electronically traded is 12 million.
4. CEO has started successful pharm companies before. Granutec (sp?) in 1985 went from 3 employees to 242 employees & $1m sales to over $60m sales before being bought out around 1991, I think.
5. Just purchased new building & acreage for making Aquaprin which will pass stringent guidelines. Have room for expansion (and plans for it already).
6. Product combines aspirin in a tasty & water soluble form which will get entire aspirin content into bloodstream without going into digestion,which prohibits 40% of product through elimination. Other products are also developed for emergency applications ideally for stroke & heart attack victims. PRODUCT IS FDA APPROVED FOR OTC!
7. All future funding until product hits shelves will come from reserved stocks, which CANNOT be traded.
8. Product timeline to hit shelves is 14 months, normally would take up to 3 years, but past years of effort will expedite entire process.
9. Patent is current and continually updated with each improvement and new product made. INdependent auditor appraised patent for Aquaprin alone at $32m - a conservative figure simply to prove value of reserved shares in order to fund the process.
10. CEO is honest, forthright and genuine and has 3 decades of sterling reputation, contacts and other pharm companies are DEFINITELY AWARE OF HIS POTENTIAL AND PRODUCT.
IMO, float - even at 92 million - is so small, the only reason this company even went public was to have reserved shares for future funding. These shares available to the general public will be so rare, they will be very valuable.
This may jump and hop for a while and may not turn out to be a good stock to flip, but has enormous upside and is as close to a sure thing you will find here in PennyLand.
Just my perspective, trying to be unemotional, but pretty hard to be.
GLTA & Go PHAR
ENERTEC, always enjoy your informative posts about the energy/drilling process!
5STRINGDRIVE, it is a penny stock because it is 2 months old.
According to CC, there will NOT be dilution and the debt will be paid for out of reserved shares. Very clear about that today.
Howard Phykitt has been through all of the regulation hoops before as he headed other pharm companies very successfully and is very aware of them.
Yes, the product will not hit the shelves for 14 months, but will be definitely catching attention of investors, big Pharma and others along the way.
Since he has been in this business for 3 decades, he has a lot of contacts and a great reputation which comes with this great product.
IMO, it will be a slow, steady rise with various jumps and drops along the way.
This week should be one of those jumps, IMO.
OK Here's the brief notes from CC:
1. Steve talked alot.
2. Steve talked some more.
3. Steve asked a question.
4. Someone answered the question briefly & succinctly.
5. Then Steve talked some more.
LOL, just yanking your chain.
GREAT CC, I try not to get emotionally involved in a stock, or you'll die - I can't help it with Howard Phykitt, he's awesome!
I agree - absolutely.
However, I try my best to be an "unbeliever" when it comes to PennyLand. So much is written about emotions ruining investments, and that's how the MM's prey upon us: by getting us either greedy or scared.
Before I invest, I look at all the DD and try to figure the good points vs. the bad points - and EVERY stock has them, just the pennies seem to have more.
Based on my plan, I invest what I believe is appropriate for me and try to stay on my game plan that I wrote down before I even invested. Unless an unanticipated run happens, I do what I planned to do. I keep from losing money that way and it's better than mourning over a fraction of a percent more that I could have made. Anyone will tell you, making money in stocks - any stocks - is to manage your losses.
If I turn into a "believer" in any stock, I let my emotions overrule my plan, then I'm in much more trouble than if my plan has a breakdown.
I will say again, I am here for the long run, hopefully years - and averaging down and getting to the point where I have all free shares eventually FOR ME takes my fear completely away in PennyLand. Because THEN if any stock tanks, I never lost my original investment. Getting to that point, however, takes a lot of work. I am halfway there with ELTP. One more good run and I may get there, then it's sit back & wait, and if I feel like it, add more along the way when I see good progress.
Sorry to reply to my own post, I really am not that vain...
I peek in and out @ work (I have that privilege) @ boards of stocks I am following and I put the wrong symbol in my hasty reply to JENSEMANN before wrapping things up at my desk for the end of the day.
I apologize. Right reply, wrong stock symbol. Sorry. My bad.
It's not proper etiquette and it was unintentional.
I AM long on GHLV!
Awesome, sounds great to me!
No. Not scared. But I have said many times, ANY company in PennyLand is like a pet lion; you can feed it and - just maybe once in a while you can pet it, but don't turn your back on it because it will eat you...or at the very least take a big bite out of your rear.
If I could be a completely emotionless investor, I'd be rich.
I'm just working on my lion-taming techniques.
I spent all my powder early in the morning, I wish I would have saved just 200 bucks to make sure the ask gets hit just before close!
I'm the worst prognosticator on this board! lol So I am the last one to ask.
IMO this moves when there is news, because ELTP doesn't really do the PR thing, when something is going on, it will show up on Google Finance. But when this stock gives news, it's NEWS.
So, if it goes down more, I'll average down more and wait for the big explosion of news. When???? Who knows. Investing is a waiting game. I just want to be sure I'm IN the stock and not OUT of it when the news comes, that's the only scary part to me.
Still plenty of time for a quick run at EOD, too!
(As if this isn't good enough already!)
True.
Level 2 on other postings is always listed in the 100's, which is what I meant...they were pretty large positions. Sorry if unclear.
I disagree. I am planning and hoping for this share to hit $1, even more long term. My sells are not taking the stock down, it was already going down. I always sell on the Ask and buy on the Bid, so averaging down is not hurting this stock - IMO. I don't set the prices, I just use them.
Everyone has their own system, and I hope it works for them. I want to keep making money on a stock like this that I believe will move. If I was at .05, I would never sell either. But I sold on the way up and have sold and bought on the way down.
My personal goal is to have about 100k shares all in a free position. Then I will allow this to ride for months or years, adding along the way as it shows more promise.
GLTA here with ELTP
Wow, 170k sure dropped that MM awfully fast!
That's the way it has always been.
Investopedia has not changed the way you read level 2.
http://www.investopedia.com/articles/trading/06/Level2Quotes.asp" rel="nofollow" target="_blank" >http://www.investopedia.com/articles/trading/06/Level2Quotes.asp
Yep.
ETMM 500 @ .0529
UBSS 480 @ .0529
Can't believe my good fortune, I have averaged down 2 times on this slide...was worried I wouldn't make it back in low enough. Sitting bigger and better than ever now.
OK, now let's go.
Well, now UBSS has taken its turn as the low man on the Ask Totem Pole. I wonder if this is their plan, trade off being low man?
When the right volume comes (hopefully late today and tomorrow) it can still blow the MM's out of the water! IMO of course