That bitchy old man who smells funny, talks to himself, and generally has a shitty disposition? Yup, that sounds like me.
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Flipping works out for me once in a while, and when it does I am incredibly proud of my stock trading skills (read "mostly luck").
I kick myself when i fail to properly maximize my flips - which is most of the time - and then have to remind myself that sure, if I knew the exactly highs and lows of each step, I could amaze friends & neighbors.
But I don't, so I cant.
Unless I see a clear and close to certan opportunity, I think I will just hold onto this one.
NP. Kind of hope it hits .02 tomorrow before open. Would like the cushion.
So, ARkhunt is in five 1/2 weeks. Todays tweet (received second hand) stated:
"Preparations are now underway for submitting ARknet 1.0 to the App Store & Google Play for a broader beta release."
I have zero insight into what a turnaround time is for approval & release. Does anyone?
Umm...it has already gapped from .0186 close to .0195 current. I think my balls will be okay out there overnight.
I missed that...what is the "$3.00 thing?"
Thanks in advance! And thank you to everyone whose wisdom brought me to $TTCM. Entered yesterday morning and glad I did!
Still haven't had breakfast yet.
Few of us been up since 5 am...
Nice little buying opportunity there. Picked up 40k more at .0173.
No, I was just pulling your chain, man. That is why I put the little winking emoji at the end. Sorry...thought it was clear. But thanks for the additional info!
Hmmm...Stalker & Leonard Vitaes seem a little, well, thin. Are you arguing that they have the requisite experience to work in this field?
Question for Catpole or anyone...
How can one determine that the MM are shorting shares, let alone how many they are shorting?
Appreciate anyone who is willing to take the time to aid in my continuing education!
Been watching this since Monday...bought in today.
$TTCM offices are about 20 minutes away from where I live. Going to go visiting tomorrow. I will let all know if I find anything out of the ordinary, positive or negative.
Man, they have quite a wall built at .045. Haven't seen that many shares available at a single price point in...a while, I guess? Wonder if slow accumulation continues today...
I agree with you completely. I just tend, when publically talking an OTC stock, to shy away from the "DOLLAR LAND" prediction, whether i believe it is true or not. Just seems it is dropped everywhere. Excessively. Rather than going straight for the clitoris, IMO more likely there will be some foreplay first, and a 30mm valuation seems pretty easy and straight-forward. That's all I was saying.
And sure, under the scenarios you address, rocking a dollar is certainly possible almost instantaneously. The right catalyst can do amazing things. Cancer...hadn't considered that. That gave me a little wood.
Lots of HIV testing in the collective pipeline, so i hear.. Some of it quite promising, I understand. Just want to keep perspective.
I fast around with some other penny stocks now and them, but the main and almost only reason I play in the market at all is Mymetics. I am much less worried about flipping for beer money (maybe for coke money...haha), and much more interested in retiring of Mymetic. I have 15 years to go...my wife like 22. I am certainly willing to wait that long if that is what it takes...but it won't take near that long.
As for flipping, I don't know. I would kind of like to own a 20 or 30 dollar stock while bragging that my purchase average price is .036. That would be fun.
Sincerely pleased you found my response helpful. Anytime. And yes, Hippo & others really know their sh*t.
Hey Reptilean...here is my answer:
When the float is locked (or shares are "tight", or however you want to look at it), that simply means there are relatively few shares floating around (no pun intended)...not no shares. There are still investors, MM, etc trading shares.
Because of the low float, small informational inputs, good or bad, are magnified. For example, someone bought (if I remember correctly) 100 shares yesterday at open, and there was price movement (presumably) from that.
When news breaks (big or small), the stock will move. MM buy and sell, investors buy and sell. Shares are out there. There may not be as many as you want at the price you want, but something will be available.
At any point, for every penny the stock moves, that will be someone's selling point and someone's buying point.
Does that make sense and answer your question? I can assure you...when big news comes - And it will - the stock price WILL move. Availability just a matter of your price point preference and overall amount you wish to invest.
I am not well-versed on the role of Market Makers, so maybe someone else will chime in. And if anyone out there has a better explaination or takes issue with the explaination i have provided, please help Reptilean out.
Yes, but you are working under the assumption that the market makes sense and stocks are priced rationally. For example, $UBER loses billions of dollars a year - almost a billion each quarter. Yet they are valued at about 44 a share...and 74 billion overall. Billion with a "B" billion.
Thats rediculous. They can't even show how they will ever be profitable. I mean seriously, their stockholders want to know how $UBER will be profitable in the next ten years, and $UBER has no real, serious, "lay-it-all-out-on-paper" idea how that will happen.
In all likelihood, the end result will be drivers (of which I am one) will get paid somewhat less (which is difficult when $UBER & $LYFT are already paying minimum wage or less), and riders will pay much, much more (no more subsidized fares).
In the end, taking an $UBER will be more expensive than a taxi is now, drivers will make less than cabbies do now, a bunch of cabbies will be unemployed and/or suicide out, and a few lucky bastards will get rich.
Capitalism to the rescue! When wealth isn't flowing overwhelmingly enough to the very wealthy few, and Americans are just able to have a meagerest existence, it's "American Capitalism" to the rescue to right the wrongs of a reasonably functioning economic system!
Capitalism is absurd. It undervalues items of importance and over-values the trivial and absurd...all while promoting reckless and short-sighted behaviour. At least the "screw everyone but me & grab whatever you can before the Empire folds", under-regulated, 'doesnt-even-pretend-to-care-about-the-voters-concerns" Corpocracy so favored by Americans.
Capitalism has largely just become an excuse/rational for transferring more wealth to the wealthy and externalizing more costs to society. The majority of wealth is just grabbing what it can before Mr. & Mrs. John Q. Sucker figure out that banning abortion and feeling somehow religously marginalized while being members of the majority religion in this country wasn't worth having to eat cat food in retirement and the loss of the last flagging fragments of the "American Dream".
When their kids are 50 and still living with mom & dad because they can't afford a one bedroom apartment on a full-time salary & 20/hr a week side job with $UBER, maybe those "value voters" will realize "trickle-down economics" and "helping small business" was all a con job.
But I doubt it...At least until the American empire falls. And by then, it's too late.
But also, I digress...a lot. Sorry I'm a socialist. Whatdaya want...I cant help it.
But yes, to your $MYMX point, I know what you mean. Perhaps $MYMX, without meaningful income as of yet but with a fistful of patents and a lot of Mr. Keepers Magic, is worth 300MM. All I was saying was 30MM seems more realistic, especially under the circumstances, and certainly a more reasonable and obtainable near-term goal. And from a purely "pumping the stock" perspective, doubling ones money in weeks or months ain't so bad.
I was just encouraged by recent events, and wanted to share my encouraged mindset with others. I know from recent posts some people are giving up which, while not only unwise for their portfolio, IMHO, potentially detrimental to my "Cat Food is For Cats" fund ($CFFC)
A democrat business? I mean, a "democratic" (small d) business would be a business that is run on democratic principles, like "one person, one vote*, majority rule, stuff like that. Is that what you meant?
Or did you mean a "Democratic" business? That would be a business run by a member or members of the Democratic Party.
Because I can assure you, there is no such thing as the "Democrat Party". It is and has been called the Democratic Party for many, many decades now.
Unless, of course, you are under the impression that if you don't like the name a group has given...to itself, no less...That you can just willy-nilly change what that group is called just because you think you are some sort of SPECIAL uneducated dillweed.
If that's the case, i don't like your screen name. It's pretty stupid (that really is the case... I didn't have to make that up). So from now on, whenever I address you personally or discuss you in the third person, I am just going to call you "dillweed", ok? Or, more appropriately, Dillweed.
Uber loses billions of dollars a year. I own penny stocks that have better business models and make real profits.
I delivered pizza in Ann Arbor. I was working on my masters, and I worked with other drivers who were undergrads at U of Michigan. One cat had his law degree and was studying for the bar. Real stupid group there. You are the kind who think employment determines socioeconomic class, and those perple are just, well, ignorant at best and idiots at worst.
21.00 price target on a company that loses billions a year is too high.
I am liking what I am seeing...
More selling than buying happened today, yet the price remains relatively unchanged in the mid 4's, the bid has actually increased, and we look to have some level II stability at the current price. Four is a big resistance point, and $MYMX broke it for two days solid (crossing fingers a little here), with NO NEWS. Buys are being made in the mid-4's - not huge buys, but ones constitant with typically-sized purchases - which certainly is optimistic in my view. And for a stock that has trouble breaking 100k volume in a day (and can be exceptionally volatile even on the meagerest of individual trades), $MYMX has traded over 100k for the past two days (and done so with relative price stability about 25% above the usual mid-3's).
As with any stock, it could all change tomorrow...or before I post this (EDIT - Which, indeed, it slightly did...likely briefly). However, I believe this week's movement is exceptionally positive. Have been in $MYMX for about two years and been watching it for four, accumulate whenever the ask drops below the mid 3's, and could walk with a small profit on some of my shares now. BUT...something feels thematic about this current movement. This is the highest price we have reached since the end of April and the NIH funding announcement. Nevertheless, I am not going anywhere because, IMHO based on my DD and my gut, his company is worthy of my patience and will reward my trust.
Hang tough, everyone. Good things are happening with this company and we have not misplaced our faith. I honestly believe the next positive announcement - whatever that news happens to be - could push us over a dime. It is not as big a reach as it may seem.
GO MYMX, GO!!!
Very informative. Thanks.
Ya...that's easy for you to say...
That's right, be tough and strong!
Why stop at 50 million though? Show 'em how tough and angry you are at these games they play.
100 million...500 million...you show 'em. Really be a man and just buy the whole company! Show everyone the size of your balls!
Any pr sends the stock to at least .06. One thing I love about MYMX - they only pr like twice a year, which makes each one have relatively heavy effect.
...Just like 5 did yesterday, and 6 did Tuesday, and 7 Monday...
Interesting. Thanks.
And what is the "game", exactly? Seriously, please explain to me how this constant dribble is a game...
As someone who was in $CYTR years ago and has followed it ever since - mainly out of morbid curiosity - likely a good call IMO. SK is a scam (can't believe he is still milking off this sh*t show), $CYTR is a scam, you name it. IMHO, of course.
I feel the pain of all longs.
Hmm...so the simple answer is LOTS
Thanks much. Useful source.
Does anyone know the dilution potential here? I am unaware on how to locate the info I am looking for...how many shares are allowed to be issued in the incorporation paperwork? IP would tell us that, right? Is there an easier way of obtaining this info?
Newish at this. I welcome not only a meal (the info), but if someone would care to learn me how to fish (learn me how to get the data...or at least point me in the right direction)) I am happy to do the work on my own & that would help me more in the long run.
Also, just to throw this out there, I have heard that a few Ring Video Doorbell owners have begun to run into issues of privacy infringement...people who have the service are being taken to court by their neighbors over the camera taking video of the neighbors yard. Has anyone heard anything about this, or has this issue been addressed vis-a-vis $DRNG?
Thanks. Have a good weekend, everyone.
$DRNG - What a nifty idea
Totally dumped $CMGO this morning at .0078. Not what I could have received yesterday when I should have (and almost) folded altogether, but all I lost was my trading cost. A cheap lesson, I suppose. Good luck to a couple of you.
The real question is, "who isn't?"
Company may or may not be receiving full 2.75 million.
Regardless, company only gets to keep approx 1,842,500. Rest, per agreement, per Glen, goes to attorney et al.
Great! Let's see how your predictive skill bear out!
We will check back with you end of next week...when we are at .07-.10. If your prediction is correct, or even close, I will be singing your praises, defending you against any and all naysayers.
If, however, you are not even close to being even a little close, well, we will ask you if you can tell us why.
That's fair, yes? Self-accountability?
L2 is looking strong as a rock at the .009 level...
I agree.
Ok, so let me try and get this correct...I am a social science major, not business. Had all of 8 weeks of accounting (before I dropped) and a business law course. Anything you could ever think you may want to know about politics, I could likely answer. Business, not so much.
The "cash flow" from the settlement is 2.75 million. That is the total sum of and that may or may not (we can't say for sure...a detailed payment agreement is not provided) flow through the company...Maybe touch someone's hands briefly.
The "revenue" to $CMGO, or the amount of the 2.75 million they touch that is actually theirs and does not already belong to someone else per previous agreement, is the approx 1.8 million number.
So, basically, they may or may not be receiving a check for approx 90K each month, signifying cash flow, but the actual revenue that is theirs to keep and use is approx 60K.
Do I have this correct? Is this what you are relating to me?
I did see that...not as it happened, but historically.
MODS - I am discussing $CMGO in particular further down...this is a relevant post.
Yep, I am familiar with the rapid fluctuations OTC stocks can experience. I am not here because I am looking to make my solid 2-3% returns each quarter.
Notice I used the term "fluctuations". I did that on purpose. Just as a stock can run up 1000's of a percent in a week, another stock can lose 1000's of percentage points in a week. I can't name the stocks because of Tos rules, but I still own one, hoping to get the 98% of my investment I lost back. I have ridden a few up as well.
In my brief time, I have found a few things true:
1) Many, many more OTC stocks are losers as opposed to winners,
2) The instances of 1000% gains in a week (or two) are uncommon. "Uncommon" was the most positive word I could think to use,
3) Even if a stock increases by that much, you need to buy it before it happens and sell it before it reverses (it often seems to). That's two weeks out of what...years? A decade?
4) Many to most OTC stocks, I have found in my experience, are either financial shell games or companies run by inept or dishonest frat boys who have zero social or stockholder concern and are just looking to make a quick buck for themselves and those in their socioeconomic subset,
5) If the game was easy, everyone playing would be rich. Maybe you all are rich from playing penny stocks, and I am just to dumb to realize it.
6) Lastly, every poster, on almost every single board, screams that either "THIS .0006 A SHARE STOCK IS GOING TO .25, MAYBE .50, NEXT WEEK!!! BUY NOW!!!" or more reasonably state "I can see the price of this stock quadrupling in a day or two". Almost exclusively, they are all wrong, have an agenda, whatever. That is a hard lesson for a new trader, maybe an unsophisticated trader, and I recall it happening to me, so it still upsets me every time I see someone talk out of their a** like that.
ABOUT $CMGO
You make a number of uncertain, unknowable, or overly-optimistic statements regarding $CMGO
1) You assume it is a good stock. Maybe so. Maybe not. It has both positive and negative aspects. However, I doubt it is the second coming of Jesus or shmp or whatever. The odds are not in its favor.
2) Just because a stock or a company is "good" does not necessarily mean it "will run", logically speaking. Some good companies run...as do some bad ones. Some absolutely horrible, worthless companies make gobs of money, some don't. Unless you are defining "good" as "any stock that makes large profits". That works logically...but can only be stated as true after the stock makes the money.
3) This is the argument you present to me:
1) $CMGO is a good stock.
2) Good stocks move faster than Squirrely is stating.
3) Here are examples of stocks that increased by 15,600% & 4,600%
4) Since $CMGO is a good stock, and these other stocks are good stocks, $CMGO should rise similarly to those other stocks.
Hey, I really, really, REALLY want you to be correct about the pricing and rapidity of the increase. Honestly, I do. But in the end, odds are you are being overly-optimistic.
If $CMGO is at .03 by the end of the summer, I will call my purchase successful, lucky, and with just a smidge of skill. I don't have 60-80 hours a week to devote to DD, and all the data on $CMGO is not being offered, so many of these calls, for me, rely on some DD, some experience, and a lot more gut feeling than is probably advisable.
Good luck to you, my friend.
Yep...it's in your own attachment...simple. Just got to read it all.
*The settlement was for 2.75 million dollars. It is to be paid out over 30 months and is fully guaranteed by the main defendants.
In order for the settlement to take place the Company’s primary legal team and a litigation support company agreed to take a significant discount from their $1.5 million that was owed to them. As a result, the Company will receive slightly less than 2 million net. When it came to the decision to settle many factors were consideredincluding the cost of further litigation."
Sure, that's simple. Simple like "I read the Cliff's Notes version and now know every financial detail". What you argue is what is contained in the first two sentences. The details, or "unsimple stuff", is described in the remainder of the paragraph.
What it appears, simply, is that because CMG basically couldn't or wouldn't afford the litigation up front, they cut a deal with their attorney...no up front payment. When case settles, lawyers get 33% and CMG gets 67%. CEO mentioned these exact percentages in one of the letters he sent to stockholders last week. I clearly remember the exact percentages.
The above language in the CMG statement is vague - purposely so, I would assume.
This is why, as stated in the above portion from your attachment, CMG "will receive slightly less than 2 million net".
The most you can possibly say is the portion of the settlement not included in the "slightly less than 2 million" will pass through the company's hands...briefly...on the way to its true owner.
If you are still standing pat with your "simple" answer, explain to me, and everyone else, what all those "extra words" in the remainder of the paragraph mean and how the equation "$2.75 million ÷ 30" equals the same dollar amount as "slightly less than $2 million ÷ 30"
I am sure it can be done, but I seriously question whether it can be done honestly.
I am not even going to get into the settlement funds already dispersed and how that plays into all this...mainly because the financials do not offer enough information to determine where those funds came from or how to account for them.
Interesting. Thanks.