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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.
Thanks! I forgot I had a TD account from over a decade ago, I called and it's still there with $3 in it, and as you said they confirm $10 trade for all the shares you want. What a steal, or well, I guess now that I know this, I've been the one who's been stolen from all along, oh well, not any more! So I am moving all my XCLK over as soon as possible.
I have a feeling that XCLK would have a contingency, i.e. they would find the next closest candidate that needs fundraising, it would have to probably be a democrat, and form a partnership with them. ALL candidates will need a fundraising effort, not just Hillary!!! Albeit this is not a guarantee, but I can't imagine that they had no plan from the beginning in case Hillary fell through, which as we can see wont be happening at this point.
OK I misread your statement, sorry. Well, I wont be buying from you I guess since I am only willing to pay .0001, which is fine. But thats good you decided to hold on and sell at a higher price, it will be worth it.
Itchy, go ahead and sell, I am waiting for my shares, in 999,999 share chunks. thanks.
p.s. While I wont pay for 2's at this point, I along with everyone else on this board have no idea when it will rally, it's all conjecture, but it will rally, so better get now before it's too late if you have the available funds.
XCLK is responsible for all the fundraising for the Voters For Hilliary (VfH) SuperPac. They get a cut of all fundraising thru the various call centers (either virtual (working out of home) or manned). Other Superpacs will also be raising money, as well as other HUGE sources of income obviously from big doners, but they only need a piece of the pie. VfH would not have selected them if they didn't believe that they could do it.
Just picked up another 5 mill with another 6 mill on the bid but I don't think "all or none" bids show up - I cant stand getting partial fills and having to pay the lousy commission since the max I can do per order is a million per order due to my broker's limited systems (online or assisted). Will probably be moving over to Interactive Brokers though their commissions on stock at this price isn't awesome like their other pricings (higher priced stocks, options) are. Anyone using a broker that offers you huge numbers of shares (i.e. 10 million share order) for real cheap?
correct, they get a piece. Originally they were going to do it all themselves but I think it's less overhead to work thru Telepoint. Advantages and disadvantages to both approaches. What we dont know is the percent amount - that addendum was not in the filing, not that I could find.
Not disagreeing with you at all, very important indeed. But one can only spend so long getting dressed up with no place to go :)
I am confident it will work out. For sure they will have no excuse that they didn't have enough time to prepare, that's for sure.
Absolutely. Look back on the previous announcements. For one item they have said the same thing at least three times! Nobody wants old news, nobody wants to know how prepared they are to start making the calls for Hillary, the great technology, the partnership with Telepoint, we know all of that already. So no reason to do a press release unless maybe it has to do with Co-Signer or management shakeup. Otherwise it will just be another dud. Come on Hillary, just announce willya!
Thanks for taking the time to respond, that all makes sense and I would be in total agreement with what you said.
I am betting STRONGLY that there will be NO reverse split in the near future, I repeat, NO reverse split. Maybe in the distant future when the stock is surging, and then that's fine, the idea being that there will plenty of time for all of us to sell before that takes place.
If the two conditions I called for are met, then I am confident we have a winner (assuming Hillary runs which certainly appears to be the case).
And for the record, I couldn't care less if she has any competition on the democratic or republican side, all she does is need to run, between her and her husband they are ruthless *(sorry for the nasty word, I dont really mean it that way) and will want to raise as much money as they possibly can. All good for XCLK.
I very highly doubt that a reverse split would be in the cards.
I'll go out and say further that I highly doubt that the outstanding shares will go beyond the 3 bill authorized. By the time it gets there, revenues will allow for paying back these nasty loans before the board would give into approving further issuance of shares.
That's how I make sense of this to benefit the management and shareholders alike.
Call me out on this one someday, time will certainly tell, and time is short at this point.
IF the above hypotheses turn out to be the case, this stock is a winner, hands down.
I have brought this up on the board before - while its a great tribute that the company believes in itself, the problem is that by the time they will have money to buy back stock, it better be at a higher price and so 300 mill will cost a lot more to buy. Catch-22 and an absolute shame.
Here's what I dont understand - someone with deep pockets could come in and buy 1 bill shares for 100K, my goodness, they would own a third of the company for "peanuts", but that hasnt happened. But on the positive side we can say that there have been a steady stream of buyers picking up at .0001 even with a "no bid" for much of the time. I suppose that if that can happen till the dilution finishes, then the price should be free to rise. But man, what a shame compared to what it could have been (1 bill vs. 3 bill shares outstanding for example)
I am hoping that the more crap and controversy that can be dredged up on Hillary, the sooner it will force her to announce. But who really knows.
There you go, I wasn't that far off - permitting still in process. Hopefully not too delayed, maybe just par for the course. Not sure why this doesn't appear in press releases on this site but it is on Yahoo Finance.
SCOTTSDALE, Ariz., Mar. 5, 2015 /PRNewswire/ -- Intertech Solutions Inc. (ITEC) ("Intertech Solutions Inc.," "ITEC" or the "Company") today is pleased to report that the Company has been advised by the claim owners, Westport Gold, on the status of the permit approval process being undertaken with the Bureau of land Management (B.L.M.) at the WPE Gold Project near Quartzite Arizona.
The mine application process commenced on November 5, 2014 when our Mine Plan of Operation (M.P.O.) was submitted for the WPE Gold Project. Since then, the B.L.M. and West Port Gold meet in person or via teleconference every two weeks to review the milestones required for mine permit approval.
Our current focus is addressing all the requirements of The National Environmental Policy Act (or N.E.P.A.) process which is being headed by our consulting group, Biome Environmental Services of Flagstaff, AZ. Biome is dealing with environmental assessment, biological assessment, cultural resources, visual resources management, and land surface management. This process will ultimately reveal any additional permits required for this operation.
The bi-monthly meetings that the B.L.M. has granted us are keeping this M.P.O. process advancing forward. We will apprise stakeholders in the Company of all additional information when it is available.
Remember, all that really matters is that Hillary announces that she will run, regardless of e-gate or any other stuff that will be dredged out over time, which is all part of the election process/cycle. Just run Hillary, Just run. The fundraising can commence at that point. The longer she waits, the longer XCLK has to survive on limited revenues (i.e. in the red), the more time there is for dilution, ....
though I wish there was an easy way to spell out at any given point in time (i.e. today) how much debt is left and on what dates those debts can be converted and at what price (let's assume worse case the market price is .0001 until all debt converted). I know, I know, it's all in the 8-Ks, but reading thru those things and summarizing all of it is certainly NOT my strength. If anyone has done that and can accurately spell it out easily in a simple table, it would be GREATLY appreciated. People talk about "DD" due diligence on this board a lot, well, let's see if such DD can be displayed for all to see in this subject area.
Thanks
I bought another 13 mill this morning, but man, trying to "break the ask" is nearly impossible with such a huge supply overhead. Sort of like swimming upstream and not going anywhere. I really hope they will be successful, I believe they will be.
pennystockscam, I simply don't see any issue here this seems like an absolute hidden gem, a "goldmine", my pun IS intended, at these prices. If what you said is true, then I would surely hope that the management team would not be a part of anything like that, why would they risk such a stupid thing?
With most of the stock restricted (106 Mill) with the CFO (90 Mill shares), that leaves a fairly low float ~ 25 Mill.
Based on their cycle of press releases I would expect to see one soon with an update of the WPE project - last mention was they were waiting on the BLM approval and hopefully that is coming along on schedule, we should know soon.
Very interesting...
I'd be interested in your take on the various press releases describing in excruciating detail the plans already being implemented in the WPE project, and plans for the Hunter Creek Project in the future, including an independent report confirming the potential of the company. Absolutely nothing I read points to anything negative about how the company is run or the potential revenues in the not so distant future.
Are you saying that the WPE project is fake, or that it wont be profitable in the near future, or what?
Where are you getting your information - there is NOTHING that I found on the internet supporting your claims. Are you saying that the management is behind/supporting the claims you have made and that you have evidence of your claims. How do you know that the SEC is investigating, is that something that they would even disclose being a part of?
Nonetheless, the price per share is currently MUCH LOWER than it should be based on the news releases to date.
Well, it's been three months, time for the quarterly results. I am hopeful that they'll release something decent, but I am not sure whether investors will respond to decent news, they haven't so far, but that has to change eventually. Go XCLK !
Yes I agree for the most part. Especially that they have invested well for growth with the right technology and partners.
But my concern which I have voiced before, why with all this potential aren't buyers swooping in to drive the price up even a little bit, given assurity that Hillary will run. Maybe people think the company simply won't be able to survive up to that point in time and will need more money, or they are concerned about potential of 3 Bill shares, or more if it were to be authorized (I really hope that will not happen if it even comes to that point).
What will be interesting is what the price does immediately after Hillary announces and in the ensuing days and weeks. I can't recall a single press release / news event that has done anything good for this stock, not even in the short term, which has been very frustrating, and that pattern has to stop for progress to be made. There needs to be press releases and revenue 10Ks that move the price upwards (not on fluff, but on substance.)
I do think that buying and selling is risky in the sense it just may take off and not look back. Nobody knows the day and time, in fact, we don't have any idea even when Hillary will announce. Then all the effort one has made to follow the stock and attempt to buy low is lost and one might end up chasing the stock. Also from what I have seen, there really hasnt been a lot of .0002 sales in comparison to .0001, so in some sense you have to be lucky.
Valleyrabbit thanks for the share check - lower than I thought it would be by now. What a pleasant surprise if it would never reaches 3 billion, I am not depending on that, but it would be nice, real real nice.
Not really, that's mostly me trying to pick up 17 million shares. I expect to see no bid later if I get filled, I guess I'm a glutton for punishment.
Just based on the amount that this has dropped from the peak, a bounce should take it to at least $15/share. And from the peak, how many other non-leveraged ETFs have dropped as much, GDXJ certainly, not even KOL, can't think of any others. This should rebound nicely, regardless of any huppla, good or bad, surrounding uranium commodity.
Hmm, another good article thanks. It lines up with what I mentioned in a previous post - maybe don't need to wait for official announcement before fundraising commences
An ‘exploratory committee’ in name only
Clinton is likely to launch an exploratory committee or other placeholder entity in early April, to take advantage of most or all of the federal campaign fundraising period that begins April 1, four strategists and supporters said.
The details of what kind of entity she should launch are still under debate among close advisers, strategists said. ...
An exploratory committee would function as a de-facto announcement, but Clinton could then take her time establishing muscular organizations in Iowa, New Hampshire and other key states, one Democratic strategist supporting her said.
Good article thanks. It is amazing the number of articles and buzz that has been created around curiosity of when she'll announce. At this rate, I just can't imagine this going on like this without her doing something - either that or people get tired of discussing and writing about it, it becomes stale/frustrating news, the articles stop, and people focus on other aspects/candidates of the election and other politics. But waiting till July, there comes a point where people would be disgusted with the wait and I can't imagine risking that.
There is a web site for the Federal Election Commission (FEC) where it discusses candidacy including the following about an Exploration Committee, but understanding how it really works, I have no idea:
http://www.fec.gov/press/resources/2016PresidentialExploratoryCommitteesnm.shtml
Then the list of candidates, wow, that is pretty funny, anyone here want to run for president?
http://www.fec.gov/press/resources/2016presidential_form2nm.shtml
A few things:
- I mean, wouldn't Clinton like to announce at a time nobody expects and outwit everyone? IF so, then a more random possibility versus the timeframes that have cycled the news.
- Flipping - well, it appears the commissions do add up when shares in the millions are traded (not fixed price), combined with fact that you have to be lucky enough to have your orders filled at .0002, plus, think about it, when this thing runs, unlikely one would be able to buy back at .0001
- All she has to do is announce an exploratory committee and at that point significant fundraising may commence
- the company could keep the lid in place of 3 bill authorized shares and not allow more shares even if conversions have not completed by the 3 Bill mark, can't they? And force the lenders into some kind of deal
- Hopefully the company wouldn't want to do any more toxic deals to potentially increase share count after hopefully learning a painful lesson from this debacle, so hopefully by the point that they possibly need further financing, the company will be in a better place (i.e. revenues) to demand investment from real investors and not loan sharks
Yeah yeah I know, that's a lot of "hopefullys"
Well, .0001s are there for the taking, I just grabbed a couple million, in the end nobody can say that there have not been multiple opportunities to grab, probably as much as one might want.
I thought I already noted that in a post a few weeks back - correct, http://ir.crossclickmedia.com/ is no longer reachable.
My take is that they would have to pay quotemedia.com for the display of data for financials, and to save money they decided not to renew. While I am not sure of this, I have not been so concerned about it either.
Recall that the co-signer.com site also went down for a couple weeks for a similar sounding reason only to be brought back up again.
If you can email / call the company and find out for us, it would be appreciated.
I don't think so, I don't think the company has the money - if they did they would pay off the loans instead. Regarding what was mentioned about the numbers not adding up in the last 8-k, that I don't know, maybe a mistake, maybe a misunderstanding of what the numbers mean, I don't know, but I don't think they are buying back yet, BUT of course IF that were to be the case then that would be great news.
I think we continue to see conversions and that we can even go to the 3 billion, I have relegated myself to accept that (sad) possibility, BUT ALSO if there is more to convert at that point in time, then HOPE the company hard-balls these lenders, cuts deals, and prevents any further AS share increases.
THEN, or even before then depending on Hillary and other revenue news, the price is free to rise as there are no more conversion sellers and we can all have at it, buying and selling as each one of us sees fit.
As you all like to say in your posts, JMHO.
Well they can't, and they effectively stated that already. The problem is that at the point when they will have the ability to buy back, i.e. more revenues, the price should be higher and so they will not be able to buy nearly as many shares as could be done now. Catch-22.
I have to say something here. Over and over and over again I have heard this on this board and while not participating in other boards, I have seen it said there as well. Maybe in some situations there's some truth to execs making money off the shareholders. But I can't see any way how the CEO or other management at this company is "getting rich" or making any money at all. In fact, they are probably lucky to even have their jobs while the company can still pay their bills.
The money from the conversion of all these shares has already been given to the company many months ago when the loans were made - they are just paying out to the lenders as their loans have come due, via stock unfortunately instead of cash which obviously they don't have, yet. Now if the argument is that they are getting rich in the sense that they are not working hard but earning a paycheck, that certainly could be a valid point, if it's true, but hopefully that is NOT the case here but that they are working their butts off to make something of this company.
At this point the company is sort of a mish-mash - co-signer, Hillary (or other) fund raising via call centers, and affiliate network. How they all fit nicely together in a complete package is unclear to me, and hopefully the company can clarify.
I for one am not going to sell my shares anywhere near these prices - and the more people that can hold, the better it will be able to run.
Well, yes, though some more specifics from the company would be nice, and, I would expect more than a "no bid" (at one point last week) for a company with revenues, ongoing conversions or not, that's what bugs me.
BLULLISH, I agree with others on the board, a number of people told you very specifically, how to get the outstanding count and in fact were kind enough to provide that info on this board after contacting the transfer agent. (The other web sites simply cannot keep up since the info is not distributed electronically on a regular basis (i.e. end of day or week) which I have learned early on.) So your constant replies saying that links are the only way to be 100% correct are, well, I suppose to the letter of the law technically correct, but practically bad for making decisions. I suppose people could give false information that one would have to confirm (and people have given false (outdated) info due to their not researching properly), so from that perspective, you are right, but if you were willing to check, which takes 2 minutes with a quick email, you could have been "100%" sure unless the transfer agent lied or made a typo mistake (which is why they require email correspondence and won't give the info via phone). It just is what it is.
Regarding all the pointers you and others have made about the various business aspects that the company claims, well, unfortunately we have little evidence on how they are doing, but hopefully soon they can divulge what in the world they are doing with everything else besides Hillary (but I am not holding my breath).
I am thinking they were issued at the market price at the time - which certainly wasn't .0001 in that date range - but I don't know how this works.