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PBLS, it's a decent trade. Several warning signs however, failure to deliver on AFs and gagged TA. GLTY.
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A few things on the horizon:
- CUSIP ID and name change
- (500-700M short position)
- Company buying back 1B shares
- Ungagged TA
- Launch of the Forex platform (beta site by end of month)
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LOL.
Eeek is right. It's a lotto play, they're supposedly buying 1B shares back. I'm playing with the houses money now, so feeling like less of a gambler ;).
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You bet, lots of nefarious characters out there. Especially offshore.
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Yes, or the entities shorting.
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Creede, the share structure for CHNW:
http://www.pinksheets.com/quote/company_profile.jsp?symbol=CHNW
Very cheap if they deliver even half of what they claim. Current market cap $2.8M. Better than your average Lotto play IMO.
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It makes perfect sense that they keep re-shorting at every move up. See in the pinks 9 times out of 10 after a stock runs, the companies dilute the chit out of it. When they make a mistake on a company like Native American they get burned. Thanks to the share structure and revenues in place, there is no need for dilution here. Shorts are on the wrong side of this trade as I suspect they were on Hemi as well.
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Everything in it's time. Reverse Mergers are quite complex to put together, the share structure and financials have to be scrutinized by multiple parties including attorneys. Attorneys charge by the hour, so patience would be recommended.
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Landshark, where do you get the NVMG short reports from? Is it from buyins.net? They are much appreciated. Thanks.
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LOL. Badda bing, badda bang...badda boom.
I don't think so. They were promptly suspended after that PR came out.
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I just hurt my eyes.
It sure could be, but just a SWAG on my part.
LOL.
I agree, the bid whackers are playing into their hands at the moment.
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If they can move off the greys those that get in @ subbie prices will be rewarded. They have failed to deliver on many of their promises, so probably a one night stand at best. I think the patience of penny investors is very thin at the moment.
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No idea, but I'll hazard a guess. The higher up we go, the more pain we inflict. When their losses start becoming a 100%, I think you'll see a massive flight to cover IMO. I would say .02 will be interesting.
-k
Are you kidding, the volume would have to be an order of magnitude greater than 42M (2x-4x) for them to cover. They might have covered a small portion with the light volume the past couple of days. The day we see 80M to 160M, you know they are scrambling.
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teomax, I hear you on CKYS. Looks like another SLJB in the making :(. I've had that stuck in crap feeling many a time. There should be a good deal of upside left in NVMG, this break of .015 is a big. Supposedly 42M shares short. GLTY.
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Don't give the MMs any easy outs here folks:
- no stop loss orders (use mental stops)
- GTC sells at .10 or better
Make em pay for being short ;)
-k
You bet. MMs have been shaking it hard to no avail, the longs have a vice grip on it ;).
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Shares are extremely tight and there are supposedly 42M shares short. This could be start of the covering, you might want to check out the PR released after the close yesterday.
-k
NVMG broke through prior resistance at .015, should be an easy double IMO.
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Added 500K at .0125 right before the break out :).
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That was me at .0125, swooped up 500K. Sorry.
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Houston we have lift off. The .015s fell like Swiss cheese. MMs are really holding her back....not any more.
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NVMG breaking out. If it breaks .015, easy double to be had.
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NVMG starting to break out. If it breaks .015, next stop the .03s. Could be a quick double. Stiff resistance at .015...we shall see.
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.014s on the ASK now
I like the sounds of a 10-20 bagger ;). Will watch closely, keep us updated as the play develops. Thanks.
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Very nice, I'll be digging into this one further. What's with the drop the last few months btw? Thanks.
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Welcome to the board cashkill. Will keep ALT on watch.
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PQL, solid 24M in financing with a reputable IB, what's not to like. Looks like William Taylor bank rolls a lot of city and state bonds. Very tasty play here. Might have to add this one to the watch list and look for a good entry. 2.5M float, this one could break big.
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We know NVMG has better upside from here, that much I can tell you.
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Well that buying cleared out the .0125s, who's gonna take out the .013s? Come on peeps.
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Added another 100K. Release the hounds. Yes, I'm severely overweighted in NVMG right now.
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All your gap filling talk made me hungry. Added 400K at the ask, MMs can let her go now.
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It's going nutso. I locked in a profit and can't look back ;). Special dividend plays are real nice.
-k