Closely Watching Level 2 (even on my phone)...
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Now look under that same link but click the "filings and disclosures" tab on the left. They filed a Form 15 with the SEC in Thursday...which means they chose to "go dark" or deregister with the SEC--SO THEY CHOOSE TO NOT HAVE TO REPORT any FILINGS TO SEC
I still don't see how they would effectively "merge" with a shell Company if their shares cannot be transferred/settled due to the chill. If this is a viable option I wonder if JF has been quiet lately because he's researching its validity? Bottom line is we are due for another update from JF on this global lock...SILENCE = VIOLENCE (figuratively speaking of course :-p)
TBEV loading up the truck again on monday!
GLTYA GETTING FILLED
For the love of god somebody fill my bid @ 14!!! It's been there since 9:30am...scouts honor!
Me three! :) looks like a good base herr
C'mon LVGI let's get this chill off...it's frustrating watching a few select people being able to trade tiny blocks of shares every day while my account is frozen.
JF what's the status on the chill? hellllooooooo....anybody there? Bueller?
Good find buddy! This is HUGE news...no wonder so many shares churned today around .0021 to .0023--still a great loading zone for anybody looking to bank on TBEV.
Today is "panic day" because of the form 15 filing and lack of explanation regarding management's decision to "go dark". Let the panic subside and all those who bought today (even at the open) will be singing "Happy" next week.
I've been trying to get me some 14's...fill me please!
...and their decision to "GO DARK" is one of the main reasons why DNAX will continue to be "flipped" and will find difficulty trading over $.01 again.
DNAX FORM-15 filing
In all honesty, the company does have good revenues and is expanding so I'll stick around until volume dries up as there could be another major run over .005
over 80 million shares traded today in the .008 to .0011 range. YEP, I'd definitely say we are forming a new solid base here. Creating higher lows is the key to the next major run...a strong catalyst will send GDSM soaring!
Whoever filled my 1mm bid @ 18 thank you!
Boy do I love seeing GDSM forming a base around .001 and trading at these levels again when so many people kicked this stock on the way down to trips a few months back. You gotta know what you own people...especially in OTC land! I never sold and instead have been adding, waiting for my 10 bagger which is imminent (IMHO)
Go GDSM
Another filing out today:
http://www.otcmarkets.com/financialReportViewer?symbol=SITSD&id=124650
Doesn't tell us much.
definitely a nice little run from .0065 to over $1 within the last couple weeks! Closing above $1 today was another bullish sign...keeping MCPI on my radar for the next month!
I hopped on board TBEV today with 1mm shares...I like the volume shown over past trading week despite the red days. I see it as accumulation for next run...
I'm out boys and girls...stop loss triggered. I refuse to watch my entire investment vanish as this goes towards .05 or lower. I Imagine more people will sell once they are allowed to trade this. These management guys are officially on my $hit list. IMHO The manipulation is worse now with this R/S; all they did was reduce my share count in the process and ultimately cost me more $$. Fortunately I have other plays making me $$ right now. ..u can't win them all right?! GLTYA
Yep Mine too...sTOP loss set ; (
VOLUME is the key to keeping this hit song on REPLAY...
Please don't stop the music! :)
Go GDSM
This is why I always say "KNOW WHAT YOU OWN" and "BUY WHEN THERE'S BLOOD IN THE STREETS". Those who accumulated the .0004's and .0005's and even .0006's are in a great position for the run that is to come. Even people jumping on board now should have a solid profit lined up as we should easily double or triple from these levels with solid updates from the company. Mike Shea laying out the business plan nicely.
Go GDSM
This just clarifies the waiting game we are playing due to the R/S...we could be done trading this month on SITS
http://www.investopedia.com/ask/answers/06/reversesplitd.asp
Typically all a R/S does is create a higher price ceiling from which to fall...:(
I too am skeptical about them buying the 4mm shares back only to do a R/S a couple weeks later...it makes no sense. Maybe they are just plain retarded or maybe they do have some "master plan". I guess time will tell which it is...I didn't sell all of my shares so I'm still in this boat (like most that held strong thru yesterday's storm)... looking to make landfall here soon!
AMERITRADE shows the new symbol (SITSD), but then it says "invalid stock symbol" when you click on it...I imagine they won't be trading until Friday
If this thing goes to $3 I will be laughing all the way to the bank...shaking my head (in disbelief and shock) but still laughing nonetheless.
It's crazy when most of the mods (including myself) were behind SITS 100% and believed in new management and now we just feel "violated". I can only hope they pull a rabbit out of the hat soon with this last stunt
KNDI definitely bullish...consistent volume is key to confirm uptrend
Exactly right ORCA
ORCA posted earlier this morning at least 15mm shares were shorted and he was pretty accurate with that statement. When stock PPS drops, most people cry, "oh the shorts hit us hard!" but they are rarely correct; but in this case, on 8/4/14, that statement would be true. Plus people's stop losses were triggered on the way down today so the situation was definitely compounded and exaggerated.
and for those who think you can't short OTC/Pinks, think again:
Shorting OTC stocks is possible
Today's disaster was definitely compounded by panic selling and the shorts. 28% of the volume--Almost 12mm shares were shorted out of the 40mm shares traded... Somebody definitely knew something last week as the attack started at the opening bell!
SITS short report
I hope we get some light shed on this situation tomorrow by management in regards to the R/S and why they felt it was necessary or "helpful" for the investment community. SITS was already a low float stock with lots of positives going for it so I don't see why the R/S needed to take place. Higher Percentage Gains from the current sub-penny trading levels would have been much easier to reach versus if we start trading at roughly $.13 (or 50 times the current PPS). I think management got frustrated and desperate with the current PPS and feel SITS should be trading deep into Pennyland, but didn't have the patience to see it executed properly.
I'm not giving up on SITS quite yet (in other words, I still own a large core of my shares which were purchased at $.002 last year), I'll allow management to explain themselves before I quit this play and walk away completely. Who knows, maybe we will be trading over $.35 after this R/S and current shareholders will get a small profit or at worst break even.
-Pick
I agree 100%. Huge panic and overreaction. ..I'm going with the philosophy of "buy when there's blood in the streets"...I'll take another 500k on the bid thank you very much :)
Next week we test .001
GO GDSM
L2 shows 73mm bid @.0005 = $#36,500. I don't know about you but I wouldn't invest $36k of my hard earned money on a "scam". This is a LONG term play and patience will be rewarded.
Go GDSM
I don't know if I'd call the earnings report "outstanding". EPS of $.08 was expected...it would have been nice if they exceeded those expectations. I'm actually expecting a little sell off thru the EOW. ..I'll wait until the bloodshed has ended before scooping up some long term shares.
I concur. On the last run we really didn't have anything going for us. Now we have a slick social media website, MJ-Merchant.com, an e-commerce site and lord knows what else Shea is cooking up since he attended the weedstock conference in Denver a few weeks ago. I think this run could have a couple legs up and cap over a penny before consolidating strongly again. Plenty of MJ stocks have large share structures and are still trading well into pennyland...hell I made over $60k on the last run with H*MP (O/S similar to GDSM) and still have a large core around $.01 waiting patiently for the next run.
Yep, glad to see you still here man...patience is always a virtue in OTC land. buy when there's blood in the streets and know what you own are 2 very important aspects of OTC trading.
Boy this is going to be one killer bounce play. I wouldn't be surprised if a newsletter covered SITS next week (non compensated) for the shear fact that it has a low float and is setup nicely to bounce over .01 again
CEO sold roughly $280k worth of stock last week which means he probably expects PPS to drop tomorrow with earnings release
Well most PINK sheet companies have to sell shares to pay for expenses and to raise capital; I don't mind a little dilution if it's to put products on shelves and/or to expand the company and work towards their business plan. I just wish management would give a little more insight into the contracts they've signed thus far in 2014 and/or any revenues generated. I mean the year is more than halfway over for God's Sake. The last PR was pretty whack if I say so myself (other than news of the completed buyback which I thought was good)