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I think he said he was 4 or 5 or 6 or 7.
Sorry, that was the price he paid for stock.
Where is da Q?
Q is arriving at the platform shortly
.001 soon
The dump has stopped at 600 million. If the Q does not cause a panic or a hype it will drift upwards to .001.
At .0008 or .0009 average that 600 million adds to maybe 480 to 500 grand ( I am calculating where most of the placement of sells to buys took place). The company has spent a lot more than that on the shell, deals, expenses to upkeep the assets and market them too. Unless these figures are stable here the stock is good for a .0012 soon and who knows thereafter. If they continue to dilute another 1 billion for whatever reason then the stock wont go above the current level for a long time. that is the game the company should be aware of.
I concur with what you just posted( see my preivos post #3397). The original 96 OS had 26 free so the figure can be off by 70 unless a 144 form is filed on the 1% rule. Nevertheless 692 sounds very reasonable. This allows for a decent market without massive dilution. 700 million shares can easily reach .003 as that is a 2 million dollar float ( today at .0006 on 700 million in float figure it is 400 thousand dollar float)based on fundamentals and massive PR and internet stock campaign. lets face it, these guys know how to promote and they wont quit today
Good morning. As we will almost certainly see the 10Q out today, the dilution may not be stated except as of June 30 which will show only 96 million OS. The toxic financing that led to the several hundred million shares entering the float number will not(IMHO) be in the Q. So, then, how do we find out if it is 2.3 or 2.5 or 2.7 billion or more? Most of us have calculated that about 500 million shares entered the market. We have a right to know from the company the OS.
3 billion shares multiplied by .001 is 3 million dollars. The stock wont show 5 billion shares in OS because this market sustained maybe 1 billion tops so far and the insider selling is not stupid to dump at .0001 or .0002. So we have maybe 3 billion OS and 1 B in float. the stock settles at .0005 to .0006. We see the toxic story in the Q(?) and the stock eventually goes from the now 1.8 million dollar overall value to maybe 3 million OS value. This based on the assets alone is cheap.
The Q will show some form of toxic financing.
I erased the rest.
had to change the message and good luck to all as I am going on vacation
but his exclamation points are not
The Q out at 4:01pm? lol
anyone have a bing.com or google.com map view of the oil terminal?
Toxic financing occurs when AS creates OS creates free trading paper not restricted paper, as in acquisitions.
1) Was it shareholder equity distribution?
2) was it a convertible bond as debt converted into free trading paper?
3) was it a PIPE?
It is one of the above,IMO.
Which one? The 10Q will reveal.
10 mil sold at .0008 and then last 15 minutes show more selling at bid
I see .0008 at bid at close on 270 million
30 mil in extra sales from 2:45 to 3:30. Stock will close even.
I am waiting
Pleease gimme that price
I have my baseball glove on and waiting for 10 million shares at .0005. Anyone?
#3012 Kas, How did you buy paper at .0004 when it never came close to that price?
If it falls to .0005 I am in for another 10 million. So you wont get the .0004
stock has been at .0009 Bid since 11am
If the stock closes here that is a 25% pop on hugh volume. What are you expecting ? I bet that the Q shows 292 mil in float and we still don't see a move to .001 fast. Collectively ( capitalists in here do not like this term)all in this stock dont own over 100 mil. The rest is in flippers and MM's hands.
Put real PR in place and the shareholder base on 292 will pan out dramatically and then you will see a major move.
So what happens if the Q is out tomorrow?
What if it shows 292 and it still does not pop?
Stock rise does not depend on 10Q that could show 292 million in float anymore, right Gonzile?
The problem you have is that you cannot understand how it trades only .0008 to .0012 in massive volume and hugh buys and not go to .002 immediately. The answer is simple. There are massive flips in this stock, probably more in one day than I have ever seen before.
292 million in float.
message #2806
By reducing the price from .13 Bid-.25 Ask they effectively reduced the market capitalization from 13 million dollars based upon the then 96 million shares outstanding(August 10, 2010) to .001( August 11, 2010)or 96 thousand dollars. They increased 2 bil to CEO and another 200 mil for acquisitions or such. This then allows them to have a 2.3 mil market cap. The end result is that the CEO is 1/10 whole and the street has a good opportunity to get in cheap with modest float. Remember, the market cap was reduced to 1/10 what it was before after the dilution.
The 10Q will be out on Monday and will show 292 million float with 2.3 Billion OS.
OK guys you convinced me. I am holding until .003
Gonzo, as usual you show up again. Usually a good sign that EMLL is about to move on Monday.Take a double or wait for 1000% in 6 months maybe. It probably will go to .01 but withour serious PR as those other companies have it wont even with only 292 million shares in the float.
That means Khoo bought the shell off the cigar lady for $330,000 dollars and almost certainly let her spin the cigars back to her.
None of the authorized 2.7 billion remaining is in the OS. The Q will prove it to you.
Explain then how newly minted 200 million shares( not given to the CEO) was immediately put into the market.
It can be in a convertible bond or PIPE structure.
Someone once asked me what MM's do for a living. They trade stock back and forth when there is sudden action for $100. profits. They have more discretionary trading power per trade than all of us here have in buying( and selling) since we started on August 10 trying to catch a profit. Although I am holding several million shares at .00075 average , I have traded this stock 4 times at 2 million shares avg. per trade since August 10. So the 292 number is correct. There is absolutely no serious buying by anyone for a more than a week hold of lets say 10 thousand dollars in this stock since it started. If the word got out through PR( and it will very soon) then you will see your .01 price.
How about today at 4:01 pm EST. Is that good enough for you? It is the same as 9:29am EST on Monday.
I get amused at the excitement on 11 million shares. Yes that is $8400.
Is there one serious buyer in this stock from anyone? Of course not. We all are traders and all talk about holding until .03. The entire float of 292 mil has traded over and over again between us and the MM's. No pR has existed anywhere on the street in any serious website nor has the news releases been circulated except for the standard Marketwire and Globewire distribution that almost no one sees or reads. It is for compliance purposes only to release news.
So, when the Company actually does a PR campaign, this baby will be .03. That can happen at any time.
The 10Q is just a formality and wont tell you anything different. Is anyone expecting a .01 price after the 10Q confirms the 292 float? No way. Without any prmor this stock goes back to .0015 maybe. Which is fine for a double for me.
You want action, go to all the sites and blogs everywhere and talk EMLL and then innundate the company and PR with emails and messages forever. they will give you what you want. A mere $5000. in real PR and this goes ten blogger.
This is our last chance to buy cheap paper at .0007 or better( if we get lucky). The 10Q is out very soon.