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fair enough, I did mistakenly sell a mill the other day!
Nah, only one direction here. I wouldn't think about selling until maybe .001 along with whatever news is out at that time.
Interesting, I have had an order for a mill for a while now after the big lots from an hour ago and it wont get filled, even with 26 mill on the ask. Nothing has passed since then.
Nah, no way.
I just combed the cnn.com site and politics section - not a single article on the e-gate showing up (you could find I am sure if looking in archives).
ALL politicians are under the microscope and nobody is perfect. She broke protocol, maybe, and so has everyone else.
The fact that her husband got away with with the Lewinsky scandal and is so popular now is just one of many examples of recovery from a bad scenario. E-gate and Benghazi will be similar, though admittedly the Benghazi situation will certainly haunt her during the campaign, but it wont stop her from running.
thanks, if things work out well here, I can certainly open an account with them and move funds over to start from scratch.
yeah yeah, I already posted on this board maybe a couple days ago. I tried, both etrade and ameritrade. They do NOT allow penny positions to be brought into an account, but they allow trading if buying from scratch which is too late in my case, at least for now. Bummer.
I also just checked OptionsExpress per another thread response, and same thing, no-go, and he was pretty clear about it. He cited risk in the movement between accounts, that between large brokers it would probably be fine, but they just have an all-out ban so as to not take any chances.
I have Schwab, but I will be moving everything to Interactive Brokers which will allow me to sell (and buy) with cheaper commission. Schwabs systems are limited to 999,999 sized orders which someday they say will be updated. So you pay the $7 commission for each million. Argh!
And I bought and sold a million shares to myself by mistake this morning LOL!
another 10 million passes, no change in the bid. Someone is able to get in and buy, maybe thats the marketmakers getting priority.
I am banking on the 3 Bill, IF it gets hit, will be it, NO MORE issuances after that. IF that is the case, it makes it easier to predict some outcomes based on revenues, PE ratios, and the like. That is, the company starts to get income, pays off any loans and stays afloat, and no need to issue any more shares.
Yeah I noticed the bid remaining the same while orders going thru while mine sat there. I've been able to pick up 6 mill today, a few more to go. This is going to be interesting for sure. I have a funny feeling the shares are going to run out sooner than later.
yeah at this point I'm heavily vested so this is more optional, I could go one way (get them) or another (not get them).
Tried to buy 10mill all day, no luck, that's a good sign, I think!
right, but they fully maintained the co-signer web site up to recently and since it has gone down (account suspended). It may all be just fine with where their focus is, but just pointing it out.
I do agree with that, we certainly should have heard something. They're possibly being secretive, I just don't know. The site (co-signer.com) has been down for a while now.
I convinced my dad to allow me to buy him 1 mill shares. He trades options all day long (writing calls and puts way way out of the money) and doesn't do anything risky. But he wouldnt even put in the order in his account b/c he doesnt want to have to follow it, so he's sending me the 100 bucks. So locked up in his ways. I dont think he really believes in this, no matter how excited i was in explaining, oh well, but when I show him a 10x profit as a starting point, maybe I'll at least generate some credibility.
As you all like to say, Go XCLK
LOL
Well I got the skinny. Evidently what the person at Ameritrade told me before after my reaching him again was that they would not accept a large position via transfer (but they do allow accumulation from within the account). I talked to ETrade and exact same thing, no OTC inbound transfer. I confirmed with Interactive Brokers who will do the transfer, but their commissions are not as good for penny stocks as they are for normal stocks and options, but still better than what I have now, so, that's what I will be doing. Thanks everyone for the input.
interesting, when I had checked with them they said that I would not be able to trade XCLK (wanting to move over to them due to high cost with current broker). So I was gonna approach E-trade. Wondering if I am not getting straight info from them.
no Q about it, gotta move to eTrade as soon as possible. Mostly done buying so it would be for selling, or for trading in and out if I take that route as it increases.
yep, I did. I know I know, the ask will come down to .0001 and we keep going in circles. So be it.
Gotta setup that eTrade account today to avoid these crappy commissions also.
thanks, done, and now I got filled. I just didnt want any crappy partial fills.
another 10 million passed by leaving me in the dust. I think the all or none is a hindrance.
Not completely true, I've got a series of orders for 5 mill bid out there, but they wont show up since I've selected "all or none" option, but I am sure they'll get filled soon enough.
right, no buyback... yet. If they had the money, they would rather just pay off the loans than issue shares and turn around and buy them back, payoff is much more "efficient".
Notes converted, just look at all the 8Ks that have been issued since then, it's all documented, quite well actually (I think there's one typo in the numbers in there) but numbers do add up if you follow carefully. As pointed out by ValleyRabbit many times, they have been transparent in that way thus far and proactive. Maybe the controller has nothing better to do and just fills out his template every week to two weeks, probably takes little effort once in the groove, since there is nothing else useful in those filings
Fair enough, I'm too nice of a guy to ever enter into that kind of lending business I suppose. Nonetheless, I still think there is some middle ground somewhere, but who am I to say.
Well, in my opinion, it's like kicking the person when they are down. In many situations I'm sure the price per share is higher and therefore the dilution is a lot less damaging and acceptable to the company and shareholders, but not in this case at .0001. The lenders WILL get their money, and probably even with fat interest if they could "work with the company". They probably would also build a better reputation in the industry so that other companies would come to them for lending. Again, I know they are in the business of making money, but they could also be flexible and make money at the same time, if that is possible.
Think about it, credit card companies do that with people with bad credit, is this that much different? Do a deal, do something, but manage the dilution for all to benefit.
I would hope that the company has been open with their struggles and has tried to reach out to the lender(s), it would only make logical sense that they would do so instead of succumbing to dilution. We have in fact seen that occur with the large consolidation of loans in the fall (see the 8-Ks), so it IS possible.
"They", which I assume you mean the company, do NOT dilute, they do NOT dilute. While they are responsible for the dilution due to the loans made to the sharks in the first place, they are NOT the ones that pull the trigger. It's the lousy lenders whom I would like to strangle who dilute and demand their loan $ when they are unfortunately entitled to it. They COULD be more flexible and work with the company, in my opinion, to come up with creative ways to support the company (extend loan, whatever) while TIME has clearly worked against the company due to Hillary not announcing in a timely fashion (probably hardly anybody thought it would take this long back in November time frame when we were all brainwashed by history/press on announcement for January).
And as I have mentioned before, the buyback, which of course an investor might normally hope would happen, can't happen until they have money to do so, which by the time they do, the price per share will be much higher thereby allowing them to buy back less. Frustrates me to no end.
BUT, HOPEFULLY they will be making enough money and the share price will be high enough that they WONT need to buy back (and it wont be worth it to do so). The money at that point would be better spent paying off the final loans OR investing in growth and paying bills.
Ah man, what have you all been up to!!!
THIS IS A TRUE STORY:
We get home and I figure to check to see if any posts on this board.
I see over 400 posts since the last time I was on just hours earlier (which was probably my biggest posting day ever since starting with XCLK 8 months ago.)
I get all excited that Hillary probably announced and the board is going crazy, I do a quick call up to my wife to alert her but she has already gone up to bed (good thing she didn't hear me)
I check CNN.com for news - its the weekend and even more reason she might announce on a Friday night to leverage the weekend, nothing.
I check yahoo finance for any press release after hours, nothing.
I read thru every post to make sure i didnt miss anything interesting, nothing for the most part.
Guys don't do this to me again please!!!!
good night all, hopefully your all mostly asleep by now and we can let this thing rest for a spell
OK, that's a fair enough perspective to add into the mix, thanks.
ok ok, I hearya, and obviously people have been buying, it's just that I would expect the whole world of penny stock investors to be here by now, foaming at the mouth, buying like crazy, and I dont think that has happened given the price.
But fair enough, also acking your response on the buy rumor/sell news piece.
Thanks, all of that makes sense, and yes I have thought about the shell company valuation, which was another reason I haven't liked the .0001 current price, except for the fact it's so cheap to accumulate!!! Go XCLK
Hmm, well the way that I have understood that expression all these years, and in fact I have been thinking quite a lot about that expression, is that this is the rumor: "hillary might run for president", so BUY NOW when it's the rumor, and then the news is "she announces", at which time one SELLS (Dont get me wrong, "I aint sellin nothin").
So the uneasy feeling has been that this expression has NOT been playing out as far as my understanding of this expression. Am I off base?
Your other point about uncertainty - sure that exists, but at these rock bottom prices, I would think a lot more people would jump in even if in small lots of 10 million or the like.
I appreciate your faith, I do. I don't have that much faith, yet.
If you are right, I will be a very very rich person, if that is, I can hold on :)
But seriously, this is my big Q. If you are even remotely right (I mean remotely remotely), and I have asked this before, why isn't everyone and their mother buying this stock to send it thru the roof NOW? I mean, for measly thousands $s on a daily basis, all the .0001s would be snatched up immediately, but as we have seen we have had NO bid for days on end.
I mean, heck, if people KNEW this would go to .0005 even, would this stock not have been bought up weeks ago? Consider we have basically known HC will run for months now, certainly in the last few weeks when it has been no bid.
I am NOT purposely setting the bar low by any means, I am just presenting the facts of the history of the share price, what the price is now, and why it hasn't moved up to this point.
THAT is my concern.
Caveat: the above assumes HC will run and no RS
I am with you on that.
All, with regards to price, I really enjoy the high predictions out there of like a quarter. But what about we start with .001, .005. ,and .01 and work our way up from there? :)
Awesome thanks for taking the time to complete the explanation. Largely that is what I was concluding on my own, but just thrown off by those daily short stock numbers. And as I just posted a moment ago, I just dont see a reverse split in the cards.
NO REVERSE SPLIT, NO WAY, I simply dont see that happening, not any time in the timeframe we all would be concerned about. IF it were to happen, then I agree we're toast.
Hi Predator38,
I must have missed your post yesterday on this (too many posts to keep up with sometimes and do my day job) and so I apologize for then asking a question that you had partially already answered. ... That the daily short numbers don't actually mean anything - I was sort of suggesting this as a possibility but I had no evidence and now you are confirming it and also about the bi-monthly numbers which I was saying I didn't think were available for this stock. Makes me feel good that I could come with such a conclusion on my own without any background.
So you mention the market makers not being short, but I was suggesting not them but rather a big investor who doesn't believe the company will make it or some other unknown reason. But even in that case I hear you saying that you are confident that there are very few short shares on the market, period. I apologize if my questions sound dumb but I am still learning and I have a lot riding on this and I just want to make sure I have as many facts down as possible.
Thanks!
VR, check my post 3 posts ago with regards to OTC short report. Also if you make typos in your post you can fix them for 15 minutes instead of making a new post to correct (*on)
What I am after is the TOTAL short interest as it stands on any given day, not the short interest that happens on a day (though the daily shorting numbers are so high it implies a high short interest I would think). It's those numbers that I think may not be available for this stock.
Argh, he may have been lying before, true, but not this time. That data comes from the OTC Short Report:
http://otcshortreport.com/index.php?index=xclk&action=view#.VQuC7OGfi3Y
Which, in the format that he provided it, I recognized as realistic from having followed it before. Now he could have changed the data, but in fact it is pasted just as you will find it at that link
As for the fact that you bought 20 million, well yeah, and I bought millions and so did others, but the fact is we were shorted the stock. So your long is someone else's short. To short the stock it has to be borrowed, and there is a limited amount of stock that can be borrowed, even though these numbers seem to go against that.
When the stock runs, whomever is short (and I am starting to think it could be one or a few large investor(s)), at these levels will be run over when the time comes, it's as simple as that, and that could be sooner than later.
Wow, I havent looked at that short data in a long time. Man, who in the world would short this stock at this price in such huge quantity - almost all the stock is being sold short. I mean, maybe short it at higher prices if you really believe this company is not going to make it, but at .0001, they must be absolutely sure in their minds it won't rise or they would at least wait - and on top of that, to realize a profit would take who knows how long before the company would close meaning the money tied up with all that risk. I think anyone who shorts this stock at this price is out of their minds. Heck even at .0002 one would lose half the investment if shorted at .0001
Maybe this is a "mistake" and counts all the diluted shares that get sold as short sales, is that possible? Or maybe they are getting the stock at less than .0001? I just don't get it.
I remember looking him up when he was first hired by xclk in october - he had a handful of connections at the time if I recall and now he's got the 500+ (they dont have a larger bucket so it could be who knows how many). Not that having a lot of connections means a lot, but just saying it could be real.