Up 23% already, I hate trying to judge an exit point for profits.

Whether they do or don't, Monday should see a nice pop.

Anthracite Capital Defaults on Unsecured Debt Payment



Anthracite Capital, Inc. announced that an event of default has occurred with respect to $79.25 million aggregate principal amount of three series of senior notes as the company did not cure within 30 days its previously announced default on interest payments due October 30, 2009 (approximately $1.6 million). Under the indentures governing these senior notes, the failure to make an interest payment within a 30-day cure period after it is due constitutes an event of default. The senior notes the company defaulted on are its outstanding $13.75 million aggregate principal amount of 7.22% senior notes due 2016, $28 million aggregate principal amount.

yep,

Outstanding Shares
115,963,000 as of Jul 29, 2009

Authorized Shares
500,000,000 as of Jul 29, 2009

Float(shares)
12,411,135 as of Jul 29, 2009

Number of Shareholders of Record
4,041 as of Jan 13, 2009

500 Million

You picked that for your first post ever on this board? Did you look at the intra-day chart? Almost all buys.

LOL. Easier said than done.

What was that dump? Day traders?

It could have been broken up, there was a sale for 11M shares around that time, a sale for 6M after that and two 2M sales in between.

I wouldn't be suprised if it tested the .0005's again, if it does the bounce off will be very telling.

Look at all those shares sold today,



and we're maintaining this price level, very encouraging. Have a good weekend all.

Yes they are, and they even acknowledge that,


they know the stigma of pinks and are making a concerted effort to distance themselves from that reputation and behavior. I hate to say it, but we may be stagnant until after the 1st of the year.

The recent gains are legitimate and not the product of promoters, this is not a P&D. Once we start to see contracts and sales figures, step back and watch the fireworks.

If you can hold your position to 1Q/2Q next year, we should all be smiling. I got in on a flip, so I'm riding free shares, if I don't let them ride I know I would regret it. Add on the dips. JMO. GLTA.

I agree, .0005 is most likely the bottom.



This thing has been slowly building for the past month and a half. This isn't a P&D like some others claim. Like most of us, I get a dozen or so penny stock newsletter's. None of which were actively promoting the stock.

The 2 bigs days last week were the result of the Checkpoint System status in China. Those 2 days were legitimate gains that we should (hopefully) get back soon.

Absolutely,


why would someone lash out for saying that, real or not?

Yes, until it closes below .0008

Agreed,


Pull backs are very healthy, unfortunately fear mongering comes with the territory. Profit take, consolidate, move-up and repeat.

3 G's


Get in
Get your gain
Get out

Thank You,

I was hoping I wasn't the only one. No reading for any of the pinks on my watch list.

Friday sell off,

is a large part of what we saw today. We are still up over 100% for the week. This level seems to be holding rather well. Consolodation days before the next move up in my opinion.

Triple Bottom


I didn't even notice it (.0003-.0002) Does it make a difference that it didn't come after a downtrend? There was a clear break-out after it.

Golden Cross complete,


this should start to pick up steam (actually, it already has).

This is all I could dig up.


http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=18918

Page 5: Item 8, part A

Page 6: #5 & #8

Page 19: #2

Please, there's also something called common sense.

Let me see,


there's a post about buying back shares, your reply doesn't mention buying back shares, I reply refuting a buy back and you think it's directed to you? It's not my fault you can't put 2 & 2 together. Get over it.

The PR guy for MDGC is the same one that does ZENG isn't it? Dan or David I think?

I thought we would have had enough steam,


to break the resistance at $.011. Not sure what to make of the action today. We need a PR.

It said $0.51, but it would be happy with anything over $0.47.

With the power hour still to come,


I'll stick with my original Magic 8 ball guess of a close over $0.50.

Best advice I've had all day.

It's the pink sheets,


it's a speculative investement, some are in hole 2,3..5 years before they see any revenue at all. That's why it's all driven by NEWS.

Yep, they always do this crap before 11:00. After which, it should go.

Where did I imply that you did? My first post was in reply to the guy who said they would have to buy them back. Then you send a reply asking where I read that they were buying them on the open market.

"where did you read that ,buy back shares in open market ,those shares were part of out standing due to be free trading in january ,the deal was recinded meaning ,meaning the shares go back to treasury and the value for the shares meaning i assume a project goes back to who was to recieve the shares leaving now only 27 mil shares free trading . 80 mil that were reg144 due to come out free in jan cancelled ,what are you talking about open market"

I never said they had to buy them on the open market. I asked how could they buy them back if they ARE NOT ON THE OPEN MARKET? Thus refuting the other guys claim. Is it that hard to surmise that the reply was for the issue he raised? Just because someone replys to a post you wrote doesn't mean that it is intended soley for you. Get a grip.

Um Okay.,Maybe you should read my post again.


I asked "buy back shares that aren't on the open market?" Why would they have to buy something that they gave for free?The usual scenario is buying the stock and then retiring the share. They don't have to do that. They don't have to come up with funds to do it. There is no "buying back" My post never said they were buying shares on the open market.

Buy back shares that aren't on the open market?


What did the company get in exchange for the shares? The right to future revenue. No money ever exchanged hands.

How many more times are you going to prove to us that you don't know what you are talking about?

They always end up in the name calling stage. Frustration from lack of ability to insight any fear or descent.

I think everyone has a tale on PINKS from when they first started. You learn quickly playing penny stocks. Everything they talk about is usually mistakes we have already made.

The first time you fail to lock in some profit, is usually the last time you fail to lock in some profit. If you're playing with scared money, you don't belong in pinks. 100%, that is what you have to be willing to lose. We all know that.

The pumping from newsletters only last a couple of weeks. When your dealing with P&D newsletter picks you follow the 3G's. Get in, Get your gain and Get out.

But every now and then, there are picks that turn out to be worthwhile. This is one of them. If you got in over .50, .60, .70 don't fret. If you're new too the game, learn to average down. That way when it turns (like what will happen tomorrow) you recover the loss and gain a little profit.

The charts are not screaming turn and run. We have support under us. Even if they were bad, we have a game changing event. I'll be trying to pick up as many shares as I can tomorrow. It may only be a small window, 20-30 minutes at most (if that long). GLTA.

SHARE STRUCTURE FROM SEPT FS


http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=26097


Page 15

80,000,000 is part of 107M OS

Now STFU.

Looking at the chart,


the 200sma is at about .20, the 50sma at about .16 and the 100sma at .10. That 200sma is the first support level, even with no news on the share cancellation you could consider that a solid entry point.

We had a Golden Cross on the 50/100 in early November. The 50/200 Golden Cross is now within our sights. That 50 only needs to turn up a little and we should have it. With the recent news, it's a matter of when the 50/200 cross happens, not IF. Shorts are screwed. JMO.

I just used old reliable.....Magic 8 ball.


I would be very surprised if this doesn't close over $0.50 on Monday. That's the low end of the estimate. JMO.

LOL! The news means nothing?

What are you talking about? IT'S A PINK, news means everything. The current OS is a little over 107M with a float of 25M. The 80M that is being cancelled is accounted for in the 107M OS. The float is staying the same and the OS is decreasing by 80%. You don't think that is going to have an affect on the current pps?

Good luck in your investing, you're going to need it with that type of reasoning.

I don't remember saying they where part of the float.

Read it again. IF they become free trading shares, AFTER they are sold they become part of the float.

Exactly how is not facing a certain level of dilution not a good thing?