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My margins are so tight I need at least a $1.35 to cover my trade fees and make 10%. I only have $200 in it so I can afford to wait till something happens. All my ponies are lagging today.
Yikes! Ugly day.
I think the "it's too good to be true" factor is scaring people away. RD is right sooner or later someone with deep pockets will find this. Mean while I'll try an add at or below my .50 average.
The value of all assets minus debt divided by outstanding shares.
As a rule I like holding at least three months on account of taxes. But when I gamble with pennies I buy at
.0001 and set a sell for .0002 and forget about it. I had been waiting to add to my herb or nuin but they have both been hovering around my averages and I always average down if possible so when I couldn't average down enough on either I picked up abpr for .0013 the other day when it dipped. I have 9 stocks now.
I generally do keep it simple on normal stocks. I guess I should not have been surprised with the low volume that comes with penny stocks.
Oh Jesus! That's not good. I received an alert this morning while installing a faucet. Took a quick glance and seen my turd ticker sold. Immediately yelled out cha Ching! Thinking I just doubled $80. Then I looked at lunch and noticed it was only a partial fill. Can I end up losing money if a partial sale doesn't cover my trade costs? Example 40,000 sold at .0002 is $8 minus my $9.99 trade fee leaves me owing $1.99 to td. That super sucks.
Question for y'all. I've been trying to pull off a sweet double on my stinky pinkie. I have had a limit order in to sell all at .0002. I had a partial fill today of only a small portion of my order. After trading fees I made $4 And some change. Will they charge me again tomorrow if the rest sells? Or could they screw me again? I'm worried these partial trades won't even cover my trading costs.
Wow what a coincidence. I'm at .000333% lol.
Good for you! I've always wished I could do that. But alas I'm poor.
I'm hoping to double half my abpr then put that in herb or nuin. I'm still holding cccl which seems to show a little life lately.
Ended up with .0013 today on abpr. I'm having buyers remorse now. I think I should have waited till tomorrow.
Abpr under or at .0016 has been an option as well because most buys have been over that lately. It be nice to get the timing right.
Nuin or herb what should I buy? I have had an order in for .4102 on herb since last week but I want to also add to my nuin stash when it's under .60 it's 1 or the other. I have $200 in nuin and about $80 in herb. Ideas or thoughts anyone?
Good! That's almost three times my average.
What do you think his average cost per share is?
Cccl is up today. What's that about? 10% and 5% today.
That E reset the charts. :(
I was gonna buy a little today but it looks will keep going down. Big spread right now.
Do you know what hairbin daixin biotech does? It must be important if they want 100% control.
Fearon and tick are playing hard ball.
5.6 b states if I'm reading it right if the company doesn't pay up they will force the subsidiary oriental global to hand over harbin baixin biotech. What is harbin? I also like 5.3 explains the late filing.
5.3 Use of Loan Proceeds. The Company shall use the cash proceeds of the Loan as follows:
(a) not less than $15,000 shall be reserved for the purposes of engaging legal counsel for certain dispute resolution matters in the People’s Republic of China;
(b) not less than $10,000 shall be reserved for other costs and expenses (including travel and reasonable and documented out-of-pocket expenses) incurred by the Company and its representatives relating the dispute resolution matters described above;
(c) not less than $20,000 shall be reserved for a one-time payment to Mr. Tick in satisfaction (on a dollar-for-dollar basis) of a portion of the Company’s obligations with respect to amounts due and unpaid to Mr. Tick as described in Schedule 5.5 ;
(d) not less than $32,000 shall be reserved for the payment of Crowe Horwath LLP or its applicable affiliate (the “Accountant”) for services rendered in connection with the preparation of the Company’s financial statements during fiscal year 2015;
(e) not less than $10,000 shall be reserved for the payment of the expense reimbursement contemplated by Section 6.14 below; and
(f) the balance of the Loan Amount shall be used as may be determined by the Board of Directors.
5.4 Acknowledgement of Accountants. Not later than thirty (30) days following the Closing Date, the Company shall deliver to the Investors the written acknowledgement of the Accountant to the effect that the payment contemplated by Section 5.3(d) was in full satisfaction of the amounts due to the Accountant for services rendered with respect to the Company’s financial statements for the periods ended March 31, 2015 and June 30, 2015 (and such later periods as the Accountant may so acknowledge in writing) that were included in the Company’s Forms 10-Q for such periods.
5.5 Release of Certain Claims. The Company acknowledges and agrees as follows: (i) the amounts listed under the heading “Total Claims” on Schedule 5.5 are due and payable to Mr. Tick by the Company as of immediately prior to the Closing; (ii) the non-cash portion of the Loan Amount described in Exhibit B hereto shall by funded by Mr. Fearon and Mr. Tick (on a dollar-for-dollar basis) through the release by Mr. Fearon and Mr. Tick of certain claims in the amounts listed under the heading “Released Amounts” on Schedule 5.5, which shall reduce such “Total Claims” on a dollar-for-dollar basis in the amount of such released claims; and (iii) following the payment contemplated by Section 5.3(c) above, the amount of such “Total Claims” for Mr. Tick shall be further reduced on a dollar-for-dollar basis in the amount of such payment.
7
5.6 Guarantees and Collateral for the Notes.
(a) Each of the direct and indirect subsidiaries of the Company listed on Schedule 5.6 (the “Subsidiary Guarantors”) hereto shall guarantee the Company’s obligations under the Notes. Not later than sixty (60) days following the Closing Date, the Company shall deliver or cause to be delivered to the Investors (i) written guarantees of the Company’s obligations under the Notes by each Subsidiary Guarantor (the “Guarantee Agreements”) and (ii) written amendments to the Notes in order to add each Subsidiary Guarantor as an additional borrower and obligor under the Notes (the “Note Amendments”), in each case having customary terms and conditions reasonably satisfactory to the Investors and together with such other documentation as may be required in connection with the matters described in this Section 5.6(a).
(b) Not later than sixty (60) days following the Closing Date, the Company shall deliver or cause to be delivered to the Investors a pledge and security agreement having customary terms and conditions reasonably satisfactory to the Investors (the “Pledge and Security Agreement”), pursuant to which, among other things, (i) the Company shall pledge or shall cause to be pledged 100% of the assets of the Company (including 100% of the issued and outstanding equity of Oriental Global Holdings Limited (“Oriental Global”)) as collateral to secure the Company’s obligations under the Notes and (ii) Oriental Global shall pledge or shall cause to be pledged 100% of the issued and outstanding equity interests of Harbin Baixin Biotech Development Co., Ltd. as collateral to secure the Company’s obligations under the Notes, in each case together with such other documentation as may be required in connection with the pledges of collateral described in this Section 5.6(b).
(c) Investor shall reserve a portion of the Loan proceeds described in Section 5.3(e) (up to an aggregate of $2,500) for the purpose of the Investor retaining legal counsel in connection with the preparation, execution and performance of the Guarantee Agreements, the Note Amendments, the Pledge and Security Agreement and related documentation, and any costs and expenses in excess thereof shall be borne by the Company or its subsidiaries, as the case may be.
5.7 Liquidated Damages. The Company and the Investors agree that the Investors will suffer damages if the Notes are not paid when due or any of the covenants set forth in this Section 5 are not satisfied by the Company. The Company and the Investors further agree that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, if the Notes are not paid when due or any covenant of the Company in this Section 5 is breached, (any such failure or breach being referred to as an “Event”), the Company shall pay as liquidated damages for such failure and not as a penalty to each Investor an amount of shares of Common Stock equal to such Investor’s pro rata amount (based on the such Investor’s shares of the total Loan Amount) of the then authorized but unissued Common Stock of the Company (the “Damages Shares”). The parties agree that the Damages Shares represent a reasonable estimate on the part of the parties, as of the date of this Agreement, of the amount of damages that may be incurred by the Investors if any Event as described herein has occurred. Notwithstanding the foregoing, the Company shall remain obligated to cure the breach or correct the condition that caused the Event, and the Investor shall have the right to take any action necessary or desirable to enforce such obligation.
The shares are a bonus for their generosity. Notes still due in March 2016. Why would they need to borrow money to the company?
Per definition 1
1. Issued pursuant to a Note and Common Stock Purchase Agreement (the "Agreement") dated November 16, 2015, between the Issuer and the Reporting Person where the Issuer borrowed $60,000 from the Reporting Person. Under the terms of the Agreement, the Note bears interest at 12% per annum payable at maturity on March 16, 2016 and, in further consideration for the loan, a grant of 224,618 shares of restricted common stock were issued to the Reporting Person.
Hopefully sweet enough for me to make some cake and get out.
Yes it does. The Vikings just beat the Bears. It's time they beat them at home in 8 years. 5-2 and 3-0 in our division.
That kids grip was all wrong and terrible form. Her parents must have been so disappointed.
I'm loving nuin right now and I just dipped my toe in the herb. I won't be buying siaf(too much) but abpr is definitely in my price range.
I'm in at 100@.50 now let's have some news and an astronomical leap up in the pps. Too bad I'm so poor. I would have rather gotten in at .40 and be up 20+% already.
That's why I went with 100 shares
@ .50 I wonder if it will get filled? Wish I had more.
News out today. Looks like the same old crap.
Almost sounds like the plot of a Spanish soap.
Seeing as the head of trust was just locked up for fraud. I would say screw the trust. But I'm no lawyer.
Lol. That's your consensus. We still don't know shit. They sold the jail side and that's it.
With the way people are now a days. If I was ron I would be worried about some disgruntled shareholder or investor walking up behind me and putting a slug in my melon. I guess those are the chances you take when your a scumbag penny stock Ceo.
I'll wait and sell for a near 100% lose before I sell for a 60-80% lose. When I have literally nothing left to lose.
Either way I wished he'd overdose on his own Coke and die!
I feel like he's trying to make us sell so he has less shares to buy back when they go private. Or he's just a super dickhead.
We'll be rich when the rest of the herd catches up.
He responded fairly quickly. That's positive.
I hope he doesn't ignore your email. They could drop a pr anytime hence the reason they didn't reply.
And nuin has had some volume as of late. Which makes me think somethings up.