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Since SIOR has very little or no money (not enough to file updates with OTC.com) and no income, can we expect more dilution to fund the leasing of the additional 50,000 acres?
Zeintic: If the board members of ATRN can get away "doing deals" like this, why can't the board members of ANY company? If this kind of thing was rampant in the industry, I would never touch another stock again.
That 0.25 bid by NITE is mine. The remainder of a GTC order that got half filled on Thursday. I used to feel bad about being a "BID wacker", but then I read how "slapping the ASK" is a way of giving short sellers cheap(er) ammo. Nothing is easy in this business. GL
wsnnwa: There is only one thing that bothers me about your analysis.
This "group" was obviously very smart to buy multi-tens of millions of shares of KMAG early in the recovery stage. This commitment had to be made based on some technical data that they liked and perhaps judgment on the modest amount of fundamental information that was available at that time. So they went from subpenny to 2 cents and are now happy to dump multi-tens of millions of shares to collect the fruit of their effort. It boggles my mind that such smart people are doing this for 2 cents when the current DD on the fundamentals of the company shows that they could earn 10 times that amount by waiting for a year. Perhaps their scheme is to buy back in at 1 cent or lower and ride the next wave up. The upside for KMAG is if they try, they will have to get in line behind the rest of us. That is how a "parabolic" move will be created, if one ever happens.
Wow! One of the best days in the last few weeks on above average volume and it appears that nobody's interested. Or maybe everyone is unimpressed because this is what SIOR is expected to do. I for one am kinda happy because my position has finally turned green after nearly a month of being in the red. SIOR has not reached the highs of March 22 thru 28 yet, but the On Balance Volume is already higher now than it was then = money if flowing into the stock. Could be somebody knows something, or some people are counting the drilling to begin in "mid year". Just hoping the high of this "swing" is more than the 0.020 of the last one. Go SOIR.
I have noticed that at certain times of the day, IHub just slows down dramatically. I have to wait a much at 30 seconds after I click "NEXT" when reading posts to get to the next one. Sometimes, the screen just seems to lock up. I have to use the "back" arrow to break the logjam.
Is this happening because there are so many people trying to use your web site at one time?
If you are not going to increase your server capacity to take care of this problem, then I suggest that you abolish "free" memberships and have a minimum monthly rate to get rid of the freeloaders.
Thank you.
Windansea
The following explanation was posted a few days ago, but I can't find it now.
Between Feb 23 and March 9 KMAG traded between 0.0008 and 0.0027.
During that time a total of 1 Billion 400 million shares were traded. Granted some were flipped etc, but if even 10% of those "cheapos" are still in the hands of the original buyers, that is 140 million shares which had appreciated 2000% when KMAG hit 0.02+ last week.
The bear raid of 4/14 showed all of those people that KMAG was not an impenetrable fortress of wealth. My theory is that it only takes a a few large blocks of those shares being dumped each day to set the tone of trading. These are not "weak hands", but extremely strong hands who do not want to risk losing the fruit their "20 baggers". If KMAG ever gets to $0.40 how many of us latecomers would be looking to sell after a drawdown of 30%? KMAG will just have to tough it out until these "strong hands" are satisfied.
On a more optimistic note. The chart may be forming a "bull flag" which could signal a rise to 0.045 or more after breakout.
Ipicked up 100K @ 0.015 this AM. Obviously that's not enough, but I don't feel like doing more than my fair share. Don't want to be greedy. LOL
Smitter; sorry I don't have PM. Thought it better to post this here than on the KMA* board.
My dad became a TYPE II diabetic in his early 70's and I was on the same path. 16 years ago I volunteered to joint the U.S. National Institute of Health Diabetes Prevention Program. Instead of being put in a group using the two drugs they were testing (Metformin and Troglitizone), I was put in the "lifestyle" change group. This meant changing my diet, losing 7% of my body weight and exercising a min 120 minutes a week. To make a long story short, after 16 years my fasting blood sugar test is lower today than it was when I started (= was 106 or "pre-diabetic" --today = 98 or "normal"). If you care to PM me your e-mail I have a lot of good info I could share with you on minimizing the bad effects of your condition. One thing for sure - if you sitting in front of a monitor watching markets for 4 or 5 hours a day and not going out and getting exercise to make up for it, you are not doing yourself any favors. I'd hate to have you go thru the same things that happened to my dad because of his diabetes. Best of luck.
Windansea
http://diabetes.niddk.nih.gov/dm/pubs/preventionprogram/#results
Thanks for the reply and other DD that you've supplied. I'll keep your comments in mind. Could kick myself for not doubling up on my position on March 28 which my technical indicator was flashing BUY!!
Pleasantly surprised to come home from work and see VSUT up and my position finally green! Got in during the middle of Feb. in the last round of activity. I would normally dump a penny stock that retraced its runup, but the OBV held up real well, so I decided to hang on. Will be watching for an opportunity to add more. GLTA
Thank you for the PM. Sorry I cannot respond that way. I did not know that this board existed. Will devote some time this weekend to looking over past activity.
I have also increased my position since I sent my screenshot to Dr. P. It ATRN drops to 0.05, I will double my (added) position. I have a small position, only 50K now. Its not so much the money that keeps me in this, but my desire to see justice done if all the fancy moves have been done to screw us shareholders. I'll bet Michael Lewis could develop another #1 seller out of this story. GL
It would have been nice if you could have included the 20 day MA and 10 day MA to demonstrate Alien42's point.
Thank you for the DD you are sharing with the board. I have been long 10K for several months. What I find disconcerting about HENC is that the bottom can fall out of the price as is happening today (at 0.1120) and as happened last Friday (at 0.150). The volume was tiny, but I cannot help wonder what is going on here when these prices are so far away the BID/ASK's shown on L2. Hope to be seeing more of your updates.
Thanks for what you did and doing it in a manner that showed you know where your boundaries are. I suppose the next request you will get from this board will be to go dumpster diving through Atrinsic's trash to obtain some REAL DD!
Just added 10K to my tiny 1K starter position. Nice board here. Just clicked on the "Follow ++" icon under the chart, but I did not see the
number of "Followers" at the extreme right of the list of moderators change from 223 to 224. Did I do something incorrectly? Thanks.
Added 200K @ 0.0145. Experienced a BEAR RAID like this just before AVNr shot up on its drug approval by the FDA. Hope this means good things coming for KMAG. I thought Bear Raids were only on big board and NAZDAQ stocks. Guess its not so.
You stated:
The only other option to merger/buyout is Bankruptcy
I was under the impression that there is also the option of the company slugging it out on its own under "dark" conditions until it either improves enough to come back into the "light", or drift down into oblivion.
I'm not saying this is the most probable outcome, just that it is another option. Examples of this option being used by other companies have been demonstrated on this board.
Before reading your post, I went to the tool bar just below the chart and and clicked on the "FOLLOW BOARD ++" icon. The icon disappeared, but when I refreshed the board, the number of "followed by" had jumped to 398.
I hope that that was what I did. Been here since 0.007 and have been adding weekly. Looks like a great opportunity.
Hope my explanation helped. I agree with your post #90673. I really don't want to go thru with any of DR. P's possible scenarios involving "300" or "50.1%" etc. But knowing that there are SEC rules available to help us poor penny scumbags in the event we are treated unfairly has helped me to hold long instead of bailing out in a panic. May we all have green week ahead.
Because by the way the SEC has the reporting rules set up, there are only 124 "Stockholders of Record". To change that record, people will have to remove shares from "street name" and hold them in their private names per SEC reporting requirements and then report this info back to the SEC. This will require some organization and effort, but there are heavy hitters on this board who are willing and able to assist those who deem it necessary to go thru the process IF the need arises. Lets hope it doesn't.
At the bottom of that newsletter is a disclaimer which states:
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"Beacon Equity Group Disclaimer
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors."
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I was under the impression that KMAG has not paid professional pumpers in the past. Hope that they are not starting now.
Per OTC Mkts.com as of March 30, 2012 ATRN had 124 "Shareholders of Record" which covers mainly brokers such as ETrade, Ameritrade, etc. But each of those brokers may have dozens of clients who hold ATRN "in street name" = brokers name. If 180 or more of such people were to request all or some their shares from the brokers as certificates and hold them in their own names, the number would easily exceed 300.
Thank you for the response. Maybe I should start reading DR. P's Forum. One problem that both I an my brother have is that our shares are in our IRAs, and pulling them out of street name to our own would be a taxable event. I was thinking that perhaps just pulling 100 shares each would be worth it. I cannot find where the SEC has a minimum requirement on how many shares a person has to have to be a "shareholder of record." Best solution of course is that ATRN keeps climbing, even if ever so slowly, and we don't have to fight the company in any way.
I hope you have PM privileges and can ask Dr. Pennystock why he seems to be ignoring the SEC rule that if there are more than 300 individual stockholders, the "DARK" has to be lifted. All most of us really want is information and transparency. I and my brother are both (small) shareholders in ATRN. I will be happy to PM our screen shots to him next Friday during the PM "happy hour" but only if he is also willing to consider the 300 individual stockholder option first. This would be much less drastic and disturbing to ourselves and ATRN. If have misinterpreted the "300" number please explain why.
http://www.dorsey.com/going_dark_voluntary_delisting_deregistration/
Thanks for all your hard work and great DD. Sad that this board will lose a great resource.
Brilla, I agree you have a right to be suspicous.
I have worked in several "hi-tech" companies as an engineer, although none of them was involved with software. Nobody ever got past the receptionist's desk unless they had official business with the company or an appointment with with one of the employees. Even then, meetings with suppliers or potential suppliers/customers/etc. were held near the reception area. The actual working areas were off limits to all but those with whom a bona-fide relationship already existed. Can you imagine how much more strict the situation would be if NDA's were in force?
I'm not trying to be negative, just realistic. I am long this stock and will hold to the bitter or happy end. GLTA
I have 400K.
Ooops. Sorry. I get used to looking at my Interactive Brokers Trader Work Station where I have to add 2 zeros to the bid/ask quantities and forget ThingOrSwim is different. Shoulda had my cup of coffee this AM.
Have you tried TDA ThinkOrSwim? L2 there works fine. But right now ETMM showing
* ETMM .0102 579,500 = 57,590,000 shares on the ASK!!
Have you tried TDA ThinkOrSwim? L2 there works fine. But right now ETMM showing * ETMM .0102 579,500 = 57,590,000 shares on the ASK!!
Please clarify this: If insiders (who must know about a coming merger or buyout at this time) are buying the stock, wouldn't that be trading on "inside information"? However, couldn't the company be legally buying back the stock at these prices thru: (from wikipedia)
***************************************************************
Open-market Operations
The most common share repurchase method in the United States is the open-market stock repurchase, representing almost 75% of all repurchases. A firm may or may not announce that it will repurchase some shares in the open market from time to time as market conditions dictate and maintains the option of deciding whether, when, and how much to repurchase. Open-market repurchases can span months or even years. There are, however, daily buy-back limits which restrict the amount of stock that can be bought over a particular time interval again ranging from months to even years.
Ref your post #84171: are your REALLY 19 years old?!?!
Garyst: thank you for your past reasoned posts concerning ATRN. I would like to comment here that I believe the ability to any person to feel "comfortable" with their position in any stock is inversely proportional to the percentage of their investing/trading assets invested in that stock. It is none of my business to ask you what this is in your case, but I am sure that you must realize this is an important factor. I have read many posts (both on this board and others) where posters use terms like "all in" and "betting the farm", etc., to describe their commitment to particular position. It seems to be part of the "penny" mentality. This adds to the euphoria when the price is rising, but then results in the opposite sentiment when price falls or a situation such as ours (where the outcome is unknown) develops. From your previous posts, it appears that you are a cautious and rational investor and I assume that part of you discipline to follow some rules of portfolio management. Other readers of this board pay attention to what you say. Please keep in mind that some of them may be swinging for the "home run" and have a lot of their "eggs in one basket".
A very good, level-headed post. Thank you.
Thanks for a good laugh!
Hi Quinton: Did you notice that there a 14 each of "10% owners" on that list? Kinda makes me wonder how much I can believe other docs the SEC puts out. (Not saying the SEC is at fault since that list depends on data supplied the company.)
At first I thought the bigger text was great cause I could read it without using my glasses. But having to scroll up and down using the touch pad was just too clumsy. If one of my sub-pennies gets to pennyland, I may consider your idea. In the meantime Control - (or +) will work fine. Good luck.