Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I doubt anyone gets jipped (can't figure out to spell that one right..). When giving out the INAR distribution, the brokerages simply divide your number of HNSS share by 3 and give you the whole number in INAR shares and the decimal part in cash.
Example:
You hold 10,000,000 shares of HNSS.
10,000,000/3 = 3,333,333.3333333333333333 shares of INAR.
You would get 3,333,333 shares of INAR, plus the equivalent of .33333333 shares of INAR in cash. Worth... less than a tenth of a penny.
That's what I would assume at least.
HNSS
Not until they become unrestricted, which will be at least 1 year from the distribution date (May 31, 2012). INAR is making a big run right now, up about 1000% over the last week. I wonder if those gains will hold until our shares become available for trading...
I'd still rather just see HNSS be successful and show an increased value/price per share, instead of watching 9 million share blocks be sold to the bid.
HNSS
Did they mail it to you?
Is anyone else seeing a discrepancy with L2?
The trades I show for today are..
10,000,000 @ .0001
1,881,050 @ .0001
250,312 @ .0001
That is a total of 12,131,362 shares.
Why does the volume for today say 22,131,362?
This happened the other day as well, where total volume was 30 million shares but the trades only added up to 20 million.
Is my L2 screwed up, or are you guys seeing the same thing?
HNSS
We also lost about 5MM's on each side of the spread. For the past year (up until yesterday) there have typically been 8-12MM's on the bid and 8-12 on the ask at any point during the trading day.
As of this morning, there are now 5MM's on the bid and 4 on the ask.
I wonder what it means when for VFIN and VNDM to suddenly stop showing up.
HNSS
As I have said in several previous posts.. Etrade customer service told me it will take 4-6 weeks from the distribution date (May 31st) for the shares to show up in our accounts.
That would mean the shares should show up in your account sometime in July.
HNSS
Etrade said they would show up 4-6 weeks from the distribution date (May 31st). That would put it sometime in July.
HNSS
I have Etrade and Fidelity. Neither shows INAR shares yet. I did get a message from Etrade customer service that said they see that HNSS completed a share distribution, but the shares won't show up in my account for 4-6 weeks.
I guess the good news is that Etrade recognizes the share distribution, meaning Black did follow through on one of his PRs.
What brokerage are you using?
Do they show up as restricted in your account?
Thanks
HNSS
Anyone want to take a stab at how 11.5 million shares just traded at .0001 when the bid is still .0002 with a little over 67 million shares?
Something shady about that...
HNSS
I doubt they will show up on the exact distribution date. It will probably take a little while for each brokerage to divvy up the shares and get them to their customers.
HNSS
More than you will ever hold, my friend.
HNSS
All those shares that were dumped to the .0002 bid yesterday have now been added to the .0003 ask. Flippers are going to get their 50% gain before we ever move up. 110MM shares at the ask is A LOT to churn through...
HNSS
Meh... if .0001 starts hitting, you can be sure I, and several others, will be buying several hundred million shares cumulatively. I've already got a sizeable order in at .0002 just in case selling starts there. I would need a sizeable amount of shares to have any effect on my average pps.
There is absolutely no reason the pps should be at .0001 (or .0003 for that matter), even with the recent dilution. This stock is now priced lower than most pink sheet shell companies.
I think we will receive our INAR share distribution, and over the course of 2012 we will rise back up AT LEAST to the .004-.006 area.
HNSS
Some longs are averaged much higher because they have believed in the company and been buying shares over the last two years. Newcomers buying at .0003 could make a 300% gain or more before getting back to most long's break even point.
If I had the cash, I would be loading up on 3's right now so I could take part in a run from .0003-.001.
HNSS
That's the impression we were all under. So far I have not got any clarification from Black on what exactly went down. Last PR makes it seem like they just found out that the DTC was why they couldn't sell shares to raise money for the MicroFill production. But if they couldn't raise money for the production... why did they tell us they were going to be launch at MinnPack and THEN tells us they were going to launch 1Q2012? Seems like they knew all along they weren't going to have the MicroFill-2160 ready in time due to lack of funding.
HNSS
The bids are massive. There is reason to believe the pps of HNSS has purposely been driven down to its current levels by trades/flippers. I agree with you that some group is looking to load up in the .0002-.0003 range on the order of 150 million shares. It's going to take more than a $200 pump from some penny stock promoter to get HNSS moving though. Mr. Black needs to be successful on one/some of his ongoing projects.
Time will tell if he can pull this off.
125k.... shares?
That's a hell of a lot of shares to get through on the ask... no way those shares were bought under .0003, so someone is either taking a big loss or selling for breakeven after all that buying at .0003 two days ago.
Seems like this huge wall has been put up at .0003 to discourage buying and get people to sell at .0002. I'm thinking someone is trying to load up BIG. The question is: Why?
HNSS
Close to 100 million shares sold to .0003 yesterday, and not another 71 million are now for sale at .0003. If people are willing to sell that cheap, the pps isn't going to go anywhere.
188 million shares on the bid doesn't help either, it just entices more selling to the bid.
HNSS
Interesting that a 14.79 million share sell to the bid did not affect the lot size on the bid AT ALL. I've never been one to believe that anyone would short a stock when it is already so close to 0.00000, but, seems like the MM's are playing some kind of game here. Trying to insight panic selling? Who knows..
Anyone on the board want to fess up to selling the 14 million at the bid just now so we can figure out what is going on?
HNSS
Gotta love the flippers. 1.2 million bought at .0003 and now 1.2 million has just been added to the ask at .0004. We are never going to get out of this price range while flippers hold us here. Thanks guys.
HNSS
Interesting theory. There is a HUGE number of shares on the bid right now, and some of that could certainly be short waiting to cover. Continued buying at the ask could hopefully move the ask up and away from the short's cover price and force them to cover at a higher pps.
I don't like seeing the lot size of the ask not change after a 3MM share purchase though...
HNSS
Watch out for VNDM now on the ask at .0004 and only showing 5,000 shares. Last time this happened we saw a lot of shares sold by VNDM before he finally went away.
Price won't go up with everyone sitting on the bid..
HNSS
People are lining up to buy over 57 million shares of HNSS at .0003. Raise your bids up to at least .0004, or even start buying at the ask. We all know we need positive news from Black for a price increase to even be possible, but we will never get anywhere (with or without news) if bid sitters are willing to let the price drop 40% just so they can buy in "cheap".
HNSS
Try setting your limit to .0007. Etrade is the only MM on the ask at .0006, and if there is a chill on HNSS then a Fidelity customer cannot buy shares from an Etrade customer. You can only buy shares from another customer who uses the same brokerage as you.
This happened to me a while back, the ask had 1MM from Etrade and 1MM from NITE. I tried to buy all 2MM through my etrade account but I could only get 1MM (the Etrade shares).
It all has to do with record keeping between brokerages being blocked when there is a chill in place.
Sorry if that is confusing.
HNSS
People willing to buy at .0007 yesterday and today, and yet no one wants to take out the 645,000 shares at .0006. Its been there since lunch yesterday.
HNSS
Yep, free shares of another company is not enough to cause large scale buying at the ask. Why buy 3 shares of HNSS for 1 INAR share, when both stocks are the same price right now? That's equivalent to buying INAR shares at 3 times its current price.
For current owners of HNSS, the share distribution is a nice perk for continuing to hold. But we need positive resolution to the DTC chill, the MicroFill development and all ongoing revenue streams in order for the price to appreciate.
HNSS
Its just flippers trying to make their little profit. There are a lot of them in the stock that don't care about getting the share distribution and only wish to use any upward momentum as an opportunity to sell their shares. We get through the 7's (15MM shares!) and we should be ok.
HNSS
16 million shares were on the .0007 as. It will take a ton of buying pressure to get through that price point, and I expect it to be equally as difficult at .0008, .0009, .001, etc.
Lots of shares were bought between .0004 and .0006. Likely a lot will now be sold between .0007 and .0012 as flippers hit their exit prices.
May 31st is when the shares will be distributed. You have to hold the stock until May 10th in order to qualify.
HNSS
Agreed. And as I type, it just happened again. Ask was at .0006 and the .0005 bid slowly built up to a little over 2MM shares and then ETMM whacked all the shares on the bid AND moved the ask down to .0005 with 3.9MM shares sitting on the new ask.
I don't know how many shares they have, but it seems like the bid whacking is never ending. I know selling all those millions at .0005 can't be profitable...
Best thing to do would be to continue buying at .0005 so we can take the shares they are passing back and forth out of their hands.
HNSS
Sellers are still trying to keep HNSS down by taking out the bid everytime a few million shares gets built up. Measly $100 profit per million shares sold at .0005 (assuming the flippers bought at .0004 and not at some higher price).
HNSS
" I am not going to let him raise this PPS so he can make a bundle off of me"
"You" are not going to let him?
Uh... So are you the one selling little chunks of shares at .0004? Just to try and keep the pps down? Or are you the one dumping at .0005?
HNSS
Not until the amateur seller is done dumping his shares near the 52 week low. We also need to hear substantial news from the company (MicroFill or business progress related, not news about the INAR distribution) if we want to move back out of the trips.
HNSS
200 share bid whack at open. That's 8 cents worth of shares. Anyone else think we are seeing flippers try and initiate panic selling at the bid so they can pick up cheap shares?
Buy at the ask if you want the pps to go up...
HNSS
Today was just a normal trading day. No matter what the pumpers or bashers try and tell you, nothing was "supposed" to happen today. The deadline for the INAR distribution was today, but why would that make trading any different?
I think flippers bought in over the last few weeks in anticipation of holding until today and then dumping after they qualify for their free shares. Today the flippers dumped for a different reason, the holding date was pushed back 10 days and they didn't want to hold anymore.
Long story short, I don't think any serious person was expecting some significant event today. But we are all waiting to see what the status of the MicroFill-2160 is, and none of us know when that news will come.
HNSS