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Duh, thinking about it for a moment, we know what these conversions were, the 8-k said that they were for convertible notes. If this was the preferred shares I would think that it would be pretty clearly stated! I should have deduced and stated that with my original post.
No no, nothing of the sort (I didnt say that, I just said it would be nice if it stopped here). Doing that would take an act of the board. I still stand by the premise that it won't get raised passed 3 bill if we do get to that point.
Very interesting analysis ...
So this is in reference to debt that was cleaned up 6 months ago with those Class B shares that were issued to McKea. My guess is that if they didn't assume the various debts totaling 200K, none of us would be here - that amount of debt would probably have taken down the company.
Your theory though of that being converted in to shares, eh, no, i don't think so, not this early and not at these prices. But admittedly trying to read through those documents, is well, not my cup of tea, either, so this is just my opinion and a little bit of common sense applied. I wouldnt think McKea would have taken on that risk without a longer term view and wanting to hold on and make something of the company, it's too risky? No other debt-holders have done that from what I read, they just converted like most.
So, assuming the numbers reported today that go thru (end of day?) Friday are valid (and someone has evidence to suggest otherwise) ....
March 7 - Mar 27
880 mill traded (source otcshortreport.com)
715 mill issued (todays 8-K for above range)
About 165 Mill shares traded BEYOND the issuances, though we can't assume all issuances end up getting traded? For example some of todays traded shares could be part of Fridays issuance, or not.
BUT IF most to all issuances were indeed traded, then that would explain most of the volume during this time as dilution, leaving minimal selling for loss/break even (since price is at rock bottom) and some flipping that happened between .0001 and .0002 (not much though from what I could tell).
And while dilution may continue, maybe it won't, I don't think we really know. In any case, what these numbers show is that when dilution does stop, there is a lot less resistance to share price increase since people will have to buy existing shares and not from some endless supply of newly issues shares. The upside potential is that Hillary announces, and remaining debt is paid back with revenues, and we dont even reach the 3 Bill.
Pipe dream, maybe, but sorry if I seem too optimistic for some of you, but I am trying to have a positive attitude here.
People (like us) are buying these shares and keeping a bid even with 715 million diluted this month, I take that as a good sign.
the worse you should lose is one commission (i.e your fill is so small that the commission is a good part of the price of the fill), b/c if you have multiple orders I would think they would be obligated to fill one at a time, and if not, you could probably complain for refund.
Yes, they can get ignored, and I am not even sure they show up on level 2 (I don't have level 2 to check) - they certainly dont show up as part of the top bid.
My early orders were filled, but not the one for a mill in the afternoon that sat there from 2:30 onwards to the close. I have no idea why and I would not even waste time calling the broker for answers b/c there's nothing that can be done with penny stocks.
Is the ask really the ask all the time, hell if I know. Is the bid really the bid all the time, I don't know.
I believe all what you are saying to be correct. Hard to have faith after this stock has been beaten down so much, but I have had enough faith to keep averaging down. I ask the question, what could possibly go wrong here? Hillary announces, lots of revenue. Is there more to it than that?
Unexpected surprise corruption, not enough revenue to cover expenses, Telepoint getting the lion's share of profit, further dilution, Reverse Split, investors simply ignoring growth for no reason, flippers keeping a lid on it? I keep looking for the big reason or a combination but cannot find enough evidence to support one.
Time will tell and that cannot be sped up.
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? :)