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We already have seen in previous trading sessions how much volume can trade at $0.0001. I think the more salient point is when it resumes trading higher at the 2s and then 3+s.
Are you stating for the record your "cousin" is illegally using Federal taxpayer paid resources to check on personal non-Bureau information? WOW!
It had to happen regardless if the deal goes though or not...just on speculation. The shares I bought this morning doubled! It was a gift (at least for the time being).
Would someone post how many MM are active today. Many thanks!
Hey OrdinaryDude, thanks for helping me get shares at $0.0001. I owe you a steak dinner.
I called TDA back and asked to check with the trading desk. Before the trading desk got on the phone with the broker my order was filled at $0.0001. He said the reason in this instance for the bid and ask at the same price was the MM was backed up. He also said they trade with E-trade on the other side.
No, I didn't ask. He did say there was only one MM active.
I called TDAmeritrade and something WEIRD is going on! I have a buy order in for $0.0001. The broker called the trading desk to find out why I wasn't being filled. The trading desk said there is 100 million shares at the ask and 500k at the bid, both at $0.0001. I asked why the MM doesn't simply fill the 500k and move the ask up. They said the MM doesn't want to do that!!! This doesn't make sense to me. Is the MM loading up???
VERY INTERESTING. I have an order in too and it has not been filled.
My dentist said he was the buyer...he needs gold for crowns.
One of us will be correct. I think things are different this time and you don't. OK with me. If nothing else, it provides some entertainment...can we agree on that? Maybe you WILL be right and will therefore have to change your moniker to EXTRAordianarydude! If I am right I will donate a portion to charity. Either way I wish you success.
Nice hearing from you. I will be glad to exude the excitement for both of us! I really think this is FINALLY when it will all come to fruition. If it is indeed true, today is a superb buying opportunity...a heads up of a buyout. There were too many public announcements in a concentrated time to be phony.
Thanks! I am looking forward. I know you are a non-believer but things do indeed sound more favorable this time around. You may be correct but I don't think so. That is why there are buys and sells on every publicly traded stock. Question: why do you feel so compelled to be "right"? Why not simply move on to something more productive? What do you get out of this? Freud would want to know too.
Cool. Thank you for your reply and enjoy the rest of the day. After today's announcement I know that I will! I just don't understand why the price hasn't responded.
Hi Vianna, Do you think shareholders who purchased after 2005/2006 will get the $0.003(+) whereas the former shareholders will get both the $0.003(+) and the accrued dividend? Or would newer shareholders get $0.003(+) less a prorated portion of the dividend? Finally, do you think it will be cash or stock in another company? Thanks for your thoughts.
Interesting that the announcement has had no impact on the price...curious!
Thanks for the info and observation!
Markets are closed tomorrow so we have to go up twice as much today! Should be exciting.
Thank you all for the reply, I appreciate the quick response. GLTA.
BillyJack: what is marked? I can't send PM.
I didn't realize it took that much time. Too bad I didn't know about it sooner but am still glad for my shares purchased yesterday. Then again, if I knew about it a year ago would I have been a believer with fortitude? Maybe yes, maybe no. It is much easier for the next one with profits from this time.
How do you know 2X the float is owned? Thanks and good luck.
Would someone tell me why this stock was originally chosen for a short squeeze? What were the characteristics at that time? How long has this play been in the works? I got in just today and am already happy! Thanks for the insight.
A halt by the company will scare the Sh*t out of both sides...would provide some entertainment too!
Prediction: $0.86 EOD tomorrow.
Thanks for checking up on me! Yes, I did buy but money was not available to me until today. My eyes poped out of my head when I saw I had to pay 41% more than the other day!!!! I was happy for you though. Hopefully there is plenty of run still to come. Again, thanks for checking in and the very best wishes to you.
I don't find it odd at all. It depends who the company is borrowing from and who they needed to pay off...not necessarily the same lenders or the same terms. Bottom line is they needed capital to run the business. I didn't like the fact that it was for a year and the implications of this. However I realize the company needs to give themselves enough time to consumate any deal; hopefully it won't take a year.
Corporate internal forecasting and commodity trading desk P&L.
Worked on Wall Street but on the other side of the business; corporate.
THANK YOU everyone who responded! It is nice to see cooperation among non-institutional investors. One hand washes the other in life.
I went into Stockcharts and see the stock quadrupled since early Feb...nice return! Are you looking for another 4x or has most of the play already been done?
Thank you for the welcome. I did read the stickys and see this is basically a short squeeze play. How long has this been in the works and what is necessary to make this come to fruition? Why do you think this is ripe for the squeeze and do you have price and time targets? The last part of the question might be hard to answer. Thank you again for the welcome and any info you may provide. Wishing everyone much success!
Would someone give me a brief synopsis of this stock? I am new to this issue. Many thanks!
1sthorseman: Try more fiber in your diet.
If each ping is another investor, there certainly is a lot of interest.
They are just playing. They all know.
I don't expect the buyer to be revealed today.
Question to ponder: How long will the conference call be? With all the info and questions I say about 45 minutes. Most people want to know who the buyer is, are there any competiting offers, is this a cash deal, when do they expect to close (vs hope to close), share structure, etc.
Cliffbanger86: but you don't have a long position so you have nothing to be concerned about. How do you make your coin? Treasuries? Matress? Government support?
EagleWhy: Pacific time is earlier than Eastern. I am surprised an adult doesn't know this...or, in fact, do you???