Uncomfortably idiosyncratic
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Hey Newbie... this is just a contingency plan in case the company does not t achieve their "projected" sales..which the market is warming up to and seems to thing is possible. All this chatter about these recent filings is hogwash. Nothing is "effective yet" and is months away..
Procedure for Implementing the Reverse Stock Split
The Reverse Stock Split would become effective upon the filing (the “Effective Time”) of a certificate of amendment to our articles of incorporation with the Secretary of State of Nevada. The exact timing of the filing of the certificate of amendment that will effect the Reverse Stock Split will be determined by our Board of Directors based on its evaluation as to when such action will be the most advantageous to the Company and our stockholders. In addition, our Board of Directors reserves the right, notwithstanding stockholder approval and without further action by the stockholders, to elect not to proceed with the Reverse Stock Split if, at any time prior to filing the amendment to the Company’s articles of incorporation, our Board of Directors, in its sole discretion, determines that it is no longer in our best interest and the best interests of our stockholders to proceed with the Reverse Stock Split. If a certificate of amendment effecting the Reverse Stock Split has not been filed with the Secretary of State of the State of Nevada within one year after the Special Meeting, our Board of Directors will abandon the Reverse Stock Split.
The filing is a back up plan. Relax. Not that I'm investing here for the long term, but I wouldn't put much thought is speculating at this juncture... its way to much effort and added stress. Go outside and build a snow man!
Yea def. Good talking to you. See ya on Docs chatroom. I'm out. I've got snow to shovel! LOL
Plus the CFO just acquired 300,000 shares release 5 minutes ago..
Nothing has changed. The company is the same today as it will be next week, and the week after that. Newbies..
Background and Reasons for the Reverse Stock Split; Potential Consequences of the Reverse Stock Split.... much to do about nothing in the near term. Watch how people will spin this!
The Company’s common stock is quoted on the OTCQB under the symbol “CERP”. The shares of common stock of the Company have traded at very low prices for some time. As of February 7, 2013, the last reported closing price of the Company’s common stock was $0.05. The Reverse Stock Split is intended to increase the per share stock price. We believe that the Reverse Stock Split will make our common stock more attractive to a broader range of institutional and other investors, as we have been advised that the current market price of our common stock may affect its acceptability to certain institutional investors, professional investors and other members of the investing public. Many brokerage houses and institutional investors have internal policies and practices that either prohibit them from investing in low-priced stocks or tend to discourage individual brokers from recommending low-priced stocks to their customers. In addition, some of those policies and practices may function to make the processing of trades in low-priced stocks economically unattractive to brokers. Moreover, because brokers’ commissions on low-priced stocks generally represent a higher percentage of the stock price than commissions on higher-priced stocks, the current average price per share of common stock can result in individual stockholders paying transaction costs representing a higher percentage of their total share value than would be the case if the share price were substantially higher. We believe that the Reverse Stock Split will make our common stock a more attractive and cost effective investment for many investors, which will enhance the liquidity of the holders of our common stock. In addition, the Reverse Stock Split may enhance our ability to have our common stock listed on a national securities exchange, such as the NASDAQ Capital Market, where our common stock was previously listed, although we cannot provide any assurance that our minimum bid price would be or remain following the Reverse Stock Split over the minimum bid price requirement of any such stock exchange or that we will otherwise quality for such a listing. Accordingly, we believe that approval of the Reverse Stock Split is in the Company’s and our stockholders’ best interests.
Everyone called that one right. Cheers!
no..just a bluff... L2 is silly.
Interesting MM on the Bid. WALL STREET ACCESS... lol
Am I the only one watching this stock. Golden Cross in the making. Leads me to believe that some MAJOR news is close. Possibly a new OEM to fill the Oxnard plant! yay.. People have been accumulating for months. A possible move to $3.08 or north is near.
the 5min chart about to explode.... ADX sellers turning in...buyers stampeding ahead.. Later guys!
alright i'm off. We should start climbing to 7 very soon.
the 5 minute is gearing up to run very soon.
exactly!
you'll be fine... very little selling pressure. More buyers on the volume charts... you'll be fine
Not that I care for L2 really, but there are a lot more MM's appearing on this stock. Interest is buzzing about this honey hole!
Another Premarket PR equals another gap and run.. its getting harder and harder to embrace this g-force rocket ride I'm on...lol
my thing is...while its reading 38.14 on the daily chart, the weekly looks even more amazing, but choosing what chart to execute my sell is a tough one here. Sure i want to reap maximum profits, but I feel caught cause the share price stage is somewhat in between.... could go either way, will have to follow it in realtime to make the decision.
yea that's what worries me, the +DI is at 38.14... its freaks me out. you think it could hit 40 before sellers pinch up the -DI...?
I plan on selling the gap today to get back in lower. 4 days is too good to be true? What are your thought about today?
Ocean relax. nothing has changed. see over 6.
All is good. The averages are just catching up to the 50. A move north is near. Looking at the 5 min chart.
exactly! calm as a bomb
all is good. RSI on the 5 min just breathing...
5min...
yea it looks like its side stepping till the 8 day hits the 20 day then it should surge...
Ocean def took his meds today! love the positivity pal! haha.
bid/ask tightening, very nice!
make the "higher" lows. beginning around 10:18am
heading to test resistance for the 2nd time.. very nice.. lower lows intra day
Well then let's see a nice close near the highs today.. their was so much accumulation yesterday.
volume may hit around 100 million today. yay
chin - should break momentarily, buying pressure on fire..
The PAR SAR is about to break on the Weekly! Huge move north will continue this play at least till tomorrow or thursday before possibly pulling back.. ! yay
just play the chart and resist speculating.. noise.. deal or no deal...
Nice close guys. See you all tomorrow. Off to feed the dogs!
Agreed. The buying pressure is beginning to pick up a bit more now. Amazed we got past 65 million. might see 75 by the end of day with a new HOD. Let's watch!
volume might top 60 million today. riding the 8 day so nicely. yay! :)
LOL Neo
4th time ...