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On behalf of all my peeps, thanks
Agreed, from a chart standpoint.
I actually did not know that Rick had said that. I've just been assuming that one press release explaining the possible uses of cyclodextrins to treat diseases would blow the doors off this thing, and it ran to .20 on not much a couple of months ago. I think we should view CTDH as a medium-to-long-term growth company with an upside of a couple of dollars, at least, and not a quick pop to .50 (although that will be fun, too). Even at $2.00, the market cap will only be $60 million -- in comparison, look at the bizarre valuations of scam companies like HTDS, or some of the swine flu plays.
We're discussing CTDH on SI and I've put three people in the stock Friday and today. Now let's see whether the company has anything to tell us after Labor Day.
Why would I want to post that in a public forum?
I will say that I was buying at .0401 yesterday but my average cost is a good deal higher.
Dan, look back and you will see that I have been posting FACTS about this stock for awhile. I own a lot of it. If you want to be taken seriously, please try to make sense. Babbling about "huge volume!" when the stock has traded $3,000 worth of shares betrays you as naive, at best.
Dan, you've got to be kidding. 40,000 of those shares were double prints, so the "huge" volume was actually about $3,000 worth of stock traded all day. Total.
I asked you this on another board where you weren't making any sense, and I'll ask you again: are you about 14 years old?
Altira, not Altria - different company
Yes - exciting news, too. They're introducing sourdough. Buy all you can.
Ohhh, I see. So we're on the same page after all. Best of luck.
Yep, good job by all you guys who got in.
But remember that it's definitely a "trading sardine."
OK, I guess I must have a better memory for tickers. I wish you the best with this one.
WTF?
I'm a securities lawyer and have represented public companies. You probably should educate yourself.
Here's a question for you, Einstein: If a REAL company like Microsoft splits its stock two for one, does a holder of 100 shares end up with a total of 200 or 300?
Unfortunately I arrived late to this one and missed both the smart guys and the relatively cheap entry.
Totally agreed re: playing the stock and not the story. Same as it ever was.
Nope. But I have better things to do than argue the point with you. In common parlance, a 5-for-1 forward split is generally implemented by means of a stock dividend of four new shares for every outstanding share. I have done them for my clients.
C'mon, get real. You supposedly made tens of thousands of dollars from a stock and you don't recall the ticker?
But you're right, your little fairy tale (a million for one split?) is not comparable to ATNO. ATNO has traded 76 million shares today, so clearly it does not have a "low float" as some of you bozos have been saying, and there's no legitimate need for the company to increase liquidity. It is a pump-and-dump scam. Good luck.
LOL, that release is proof positive that management of the company is a bunch of idiots. Issuing 5 NEW shares for each outstanding share makes it a 6-for-1 split. A 5-for-1 split would be four new shares.
One way or the other, smells like a scam for sure. GLTA.
No, thank YOU. I was starting to wonder if I was the only sane guy here until I read some of your prior posts.
No, I meant the company that did a forward split that paid for your Mercedes.
You are confused. A forward split of the company's stock does not enable it to create a second tradeable security. You are thinking of a spin-off, which is done in the form of a dividend of the new company's shares to the holders of the old company.
What is that other company to which you're referring?
OK, I will grant you that one reason to do a R/S is that the company has run out of authorized shares, and that's more common on the Pinks than doing a reverse for the right reasons.
But LEGITIMATE OTCBB companies (and maybe a Pink or two) will reverse in order to meet the minimum price requirement for a listing. It's far less common but those are the companies that want to be taken seriously by real investors.
Huh? If a company with a stock price of $1.00 does a 5-for-1 forward split, the price post-split will be 20 cents if nothing else changes.
For a subpenny stock to do a forward split makes no sense to serious investors, but unsophisticated investors eat it up.
There is no logic to a forward split whatsoever except that unsophisticated investors (and damn, there sure are a lot of them on iHub) think it's a good thing. Any subpenny company that wanted to be taken seriously would do a reverse instead, to get the price up to where it would attract serious investors who don't buy pennies or subpennies. It doesn't always work immediately, but it makes sense. See NPWS to NPWZ.
Buying "shorted the stock down"?
That makes no sense whatsoever.
The bid at any given time is what someone who wants to buy is willing to pay and the ask at any given time is what someone who wants to sell will accept for his shares. If no one is willing to pay the best offer, and someone wants to sell his stock, that individual who has the best offer may drop his price -- and if he really wants to sell badly enough, he may keep lowering the ask until someone bites. Is that what you meant?
Right. And with most legitimate companies, a split, whether forward or reverse, is not done to hype the stock price, so it doesn't matter whether the price goes up or down between the record date and the effective date.
This stock appears to be one of the exceptions.
Good luck to all of you - you'll need it.
It's not a "branch." They are completely separate companies.
Looks like EEGI is waking up today.
"you would not get a huge volume unless something is up!"
Something may or may not be up, but total dollar value of stock traded is less than $100,000. That's hardly "huge."
The MMs don't have any interest in this stock. There's just not enough volume for them, especially when other stocks are flying. If they're at .04 x .08 and individual traders fill in the spread from both ends, that's fine with them.
"I put in a sell order at .075 when I saw the games starting over at .08. Suddenly, it dropped to .07 and stayed there until almost the end of day."
That was only me . I was just looking to see if I could sell 20,000 and then try to buy them back at .05 or below, since it was trading in that range.
I don't know who the seller at the bid was, but I was one of the guys playing with the bid and ask today through NITE. I guess you and I were doing that .0699-.0698-.0697-.0696 dance, and I was at .079 and in the low .08s at different times. I didn't sell any (obviously) but I picked up the 6500 sold at .0431, literally 3 seconds after moving my bid up from .0426 (odd, I know, but the 5000 at .043 went to someone else). I'm pissed that I didn't have a lowball bid in at the open and missed those shares that went for .0355. I have a ton of CTDH and wasn't trying to sell much, and my offers were just for a trade and to try to push the MMs or other investors to fill in the huge spread. I would have become more aggressive bidding if I'd sold any.
BTW kudos for your honesty on the EWKS board. I don't own that stock but received some of the pump emails last week.
Fortunately, now that Obama realizes that the GOP wants to "break him" (to quote that moron DeMint) and that he doesn't need their dubious help to push through his agenda, almost everything can be pushed through on party lines.
"FACT - calling Shareholder Advocates, LLC a
shadowy entity is an opinion not a FACT."
FACT: Sorry, you're right about the shadowy part. That word was my OPINION based on the fact that their website does not mention the names of Garr Winters and the others behind the company.
FACT: I could file anything with any state's secretary regarding any small corporation and they would accept it and post it unless and until it's challenged.
I'm not saying that what they've done thus far is blatantly illegal, just that it can't work without the vote of a majority of the outstanding.
Y'know what? I like a good shell play and/or stock promotion too, but this one may be a little too smelly. Let's see what happens in Act 2.
FACT: The latest SEC filing was made by a shadowy entity that was not the last known management of the company.
FACT: I have never before seen an SEC filing signed by a "custodian" of a public company. That's not a recognized corporate position.
SPECULATION: You will not be able to tell me why this maneuver is legal, or point to any other time when something comparable was attempted and succeeded.
PERSONAL LEGAL JUDGMENT: It is not legal unless they have power of attorney from a majority of the shares outstanding.
PRESUMPTION: They do not, and it is not.
FACT: A purported reinstatement of a corporation with a state secretary, if not properly authorized, means bupkus.
FACT: This POS has traded 132,000 shares today, all at .0022. That's $290 worth of stock. As you said, "looks like people are speaking with their money on this one bro." Or not.
FACT: I asked you two questions that you seem not to want to answer:
1. "what legal document gives Garr Winters and his cronies control of the shell in this case."
2. Are you familiar with BCIT?
Bro, I'm an M&A lawyer by profession. I've been in practice since 1983 and I've worked on shell deals. With all due respect, I don't feel the need to learn about them from you.
What you might tell me, if you can, is what legal document gives Garr Winters and his cronies control of the shell in this case. Any yahoo can file something with the SEC as "custodian" of a dormant shell. However, I question the legality of what Shareholder Advocates purports to do, unless they can show that they have power of attorney from a majority of the issued and outstanding shares.
Are you familiar with BCIT?
Post Unavailable
Additional Information
The company stopped filing with the SEC and we have no way of knowing how many shares they issued. What makes you think they would have updated the Secretary of State's information? The state is not omniscient. I've represented ACTIVE companies that haven't always remembered to file charter amendments and certificates of designations of their preferred classes, and this one is a DEAD company with some iffy Canadian promoter trying to gain control of the shell.
Anyway, you can find someone else to argue with. At .0022 with no volume, I'm on to other things. Seeya.
ROFL. 95 million shares, my @ss. Take a look at the last LEGITIMATE SEC filing for EEGI.
"ELINE ENTERTAINMENT GROUP, INC.
1820 NE JENSEN BEACH BLVD., SUITE 634
JENSEN BEACH, FL 34957
Dear Stockholders:
We are writing to advise you that we intend to amend our Articles of Incorporation to increase our authorized shares of Common Stock, par value $.001 per share, to 250,000,000,000 shares. This action was approved on November 15, 2007 by our Board of Directors. In addition, shareholders who hold a majority of our issued and outstanding voting securities also approved this action on November 15, 2007, by written consent in lieu of a special meeting in accordance with in accordance with the relevant sections of the Nevada Revised Statutes."
Right, so we're on the same wavelength. It'll be interesting to see what happens, anyway. I'm not convinced that the past two days' activity wasn't just one or two guys setting the stock in motion.
Thanks for the PM. Also interesting.
Nothing unusual or funny there. The MM that had been offering at .003 would have sold to you whatever amount he had been offering, and he was going to try to accumulate the rest of the shares to fill your order. But you canceled the order, right? A bozo move, unless you didn't really want the shares.
It's amazing to me how many people on iHub are trading OTCBB and Pink Sheet stocks while having no clue how market makers work.