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Quick question, the future dates of June 2017 were they said they "issued" shares. Is that the wrong date or should say will issue?
Just seems odd to see a future date with past tense verbs.
Its seems like every weak ass stock on the planet is converting to pot stocks to get some play. This one Just followed suit right back down after.
This thing has potential to go much further based on weekly and monthly moving averages. I'll be updating my weekly analysis Sat or Sunday.
It is funny that the last high .0068. 50% from there is .0102. Maybe they will have better financing options with the revenue bump.
Normally stocks make lower lows when volume is weak. This one has held because it sold down 62.2% from .0068 to .0025. Market Makers imo are net short and are slowly covering at these lower levels via big block and T trades.
I hope this company starts the week off with explosive news and they just gap it up hard on these shorts and bid sitters. Make them chase it for trying to flip it for .0003 movements.
Better but back where you sold at .003 the ask is already higher but you already knew that.
Keep telling the board to sell on the lows...your analysis is spot on!
Market Makers swing short then cover before reporting it to fnra
7.3m shares traded 1,559,200 sold the rest 78.7% of volume buys! I'll take it!
Yeah I get hesitant to leave because they could announce the symbol spin-off any day and the ex date will be the day they announce it and MMs will make people pay up!
Any news on the cork will pop the stock, pun intended
We are proud to introduce to you our first new product being developed from this patent portfolio, “Simple Cork”, www.simplecork.com, designed to revolutionize the packaging of wine by providing a new level of customer convenience.
The U.S. and worldwide wine industry consumes billions of corks yearly, a sizeable portion of which can be replaced by Simple Cork which provides broad consumer benefits and a unique marketing edge to wineries.
Initial target markets are the U.S. and major wine-producing European countries, France and Italy. Related to Simple Cork, NewGen Concepts plans additional multiple, foreign patent filings in 2016 and 2017, as well as the addition of new patents and intellectual property for related products and technologies.”
http://oracledispatch.com/2017/03/02/penny-stock-newgen-concepts-inc-otcmktsvpor-comes-alive/
Some devilish interest rate payments. Now we're only 1 year and a quarter behind on filings.
We recorded interest expense of $12,321,666 in FY 2015, as compared to $369,609 in FY 2014.
Is this a big r/s play?
I agree with the post but they could offer some locked up preferred shares for a year to prevent any immediate dilution.
I came across some scammy info on $abhi last night then 8t popped over 50% I'm sure over half are scams.
Will probably take 200x that volume unless they announced they were retiring 1/2 the shares and getting listed.
Outside of the initial PR I haven't seen or heard anything about the Simple Cork.
This company turning around yet?
Not today we're heading to the 3m low unless we bounce tomorrow.
3.4m buy vs 2.28 m sells volume is weak
China
.003 x .0033
No worries .0025 remains support we will see if we can get up above .0031
"might" be a good idea, you can't even sound convincing trying to get people to sell.
You mean good support @ .0025?
Thanks too exp for me 10m and i hate hollywood
Great question, why do you ask? What happens if fukushima radiation kills us all while we're mid trade?
"I'm not new" you said, could have fooled me! ALL T-trade on OTC = dilution. That statement is 100% false!
Prove it's truth or just admit it's your opinion!
"So if not dilution, why would anyone be selling large chunks below recent pricing? And how do you explain the odd price T-trade?"
You want to know why people do what they do? Not everyone thinks alike, who knows how long or short someone has held. Whether they're selling at a profit or loss. People buy, people sell, people short, people cover, this is the market.
Maybe some traders or investors have been underwater since 2015 and they were happy to take a small loss or a small profit. Maybe they loaded the boat at the bottom and just take small amounts of shares off each day. I don't really get into the speculation aspect of what's going through people's mind. I try to stay independent like a referee even though we
call have some degree of confirmation bias.
The name "Alain Lewand" has too many failed ventured tied to it for me to buy, sorry guys. Last time I gave a guy the benefit of the doubt it was BlackOutMedia CEO Sandy Winick who is serving 6 years now. He even tricked Randy Couture into the scam. Once again it was an American/Canada "thing".
Hey CT, I was just doing some DD on ABHI and I wanted to see your thoughts on what I found. I heard from another poster the CEO had an impressive resume, he may have been referring to the prior CEO Kevin Cornell who does have an impressive resume. Anyways I just wanted to see if this board as input on this stuff.
This guy Alain went from "Investor Relations Specialist" in 2014 to what sounds like a penny stock promoter to "Managing Director Institutional Analyst Chicago" a sample of his work which appears to be a pump http://thehonestpenny.blogspot.com/2014_05_08_archive.html
That said here's what I found on the current CEO Alain Lewand:
Linkedin (Bare) https://www.linkedin.com/in/alain-lewand-99472343/
(2014) Investor Relations Specialist Alain Lewand http://www.marketwired.com/press-release/frontier-beverage-company-announces-new-hires-otcqb-fbec-1887756.htm
CEO of Aja Cannafacturing Inc. (AJAC) http://investorshub.advfn.com/Aja-Cannafacturing-Inc-AJAC-25696/
https://www.sec.gov/Archives/edgar/data/1533455/000114420416115295/v445465_8k.htm
Mr. Lewand, a seasoned business professional, brings his extensive 20- year experience in all phases of business management in the private and public markets that include social and media relations, marketing, financial insight and his law expertise. He has advised and consulted for several start-ups in bringing them to top tier exchanges in the U.S and abroad.
Post about FBEC relationship http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102210527
Managing Director Institutional Analyst Chicago
Thanks I looked them both up. Do you find it off Voosh CRO is Kevin Cornell the former CEO?I'm new here so I don't quite understand the details of this relationship but I'll keep digging
While they floor trader has been completely wiped out you can't trust all the wealth of the world to an automated market making algo. I was there trading on 5/6/2010 and they had to cancel all the orders and if there weren't humans there to act the whole system would have imploded.
Worth a watch...I played a very small part in this documentary Ghost Exchange (2013) http://www.imdb.com/title/tt2657058/ .
'Ghost Exchange' probes the volatile state of U.S. capital markets and their critical impact on America's economic future. The film explores the acceleration of the evolution of U.S. stock exchanges, and uncovers the risks resulting from this wholesale adoption. Wall Street has transformed from the world of human touch trading, to computer algorithm trading- where stocks are owned for mere microseconds. The thought-provoking documentary also examines how recent financial headlines are a direct result of automated systems running unchecked. The capital market system that many considered as the world's best, may have been inadvertently lost by the pursuit of speed and efficiencies that we still do not truly understand. Wall Street has become a 'ghost exchange'.
We are talking about thinly traded securities, they don't make money off the spread unless they employ tactics like message board posts or low volume low prints to give the appearance of a downward move.
These are markets, there isn't just one MM there are tons and they all compete with each other. They are just doing 1 of 3 things throughout the day, net neutral, net long or net short.
Markets always have spreads and price is when a buyer and seller agree on a price. MM job is to keep orderly markets when VPOR was trading 400m+ shares a day they have to run the price, get net short at higher levels and cover at lower levels.
A perfect example is the chart on the board for United-Communications-Partners
I was undecided between a massively profitable solar stock or a prime piece of lunar real estate.
It has pretty much fallen from the moon 99.849% split adjusted.
52wk Range
0.0014 - 1.53
That's how it's done, after hour and extended hours trading. Should get a gap in the morning, GLL
What you have literally described is what a market maker is and does? You think they should altruistically make a market, front and risk their own capital and shouldn't be able to profit?
SORRY PAL, this is America, people don't work for free and banks don't take risks without getting paid, PERIOD! This isn't commie China
SEC doesn't care, most of regulators work for big banks or institutions prior to going to the SEC.
Don't get me wrong, these crooks are going wild but the penny markets are the easiest to manipulate. The SEC is going after smaller criminals while letting the sharks continue to swim.
If you aren't familiar just google
Former chairman of NASDAQ Bernard L. Madoff
Former United States Senator Jon Corzine
You nailed it, I've been trying to describe the difference between fact and opinion on the subject and you put it perfectly! Proof is in the legal documents not retail penny stock trader speculation land of T Trades & Unicorns.
A CD holder is just like any seller. They can sell when they want and try to maximize value.
Are there a ton of shady finance companies that issue toxic financing and short them down. You better believe it!
CEO says no dilution, believe him or not or posters on message boards. You're call. I personally think that Pink Market Makers are great at manipulating people monetarily as well as psychologically.
Re $VPOR "T Trades" I thought this was interesting and was going with my understanding of how markets work vs the standard every T Trade is dilution theory.
Specifically this part because they know traders are glued to the time & sale and don't want to trigger traders. "To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor."
There is much confusion and rumor regarding “T Trades” in the penny stock market. Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade.
To understand how this trade works, one must understand the role of the market maker.
The most frustrating aspect of investing in the pennies, is market maker manipulation of the stock price. Anyone that claims this manipulation doesn’t happen truly does not understand the OTC Market. Market makers are in place to “control” the price of a stock and, theoretically, to ensure that the market reacts properly to supply and demand for a certain stock.
Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors or the market makers themselves. After all, they are in business to make money as well. If the average investor is purchasing stocks in the OTC Market, that investor is truly at the mercy of the market makers involved in the purchase and sale of that security.
When researching this article, The response from the SEC defined a “Form T Trade” a “trade reporting form used by broker-dealer members of the Financial Industry Regulatory Authority, Inc. (FINRA) to report equity trades executed either in the OTC market or during extended hours trading. Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” The response also recommended contacting FINRA. Notice the first portion of the response. “either in the OTC Market or…” Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.
FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)
Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.
After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
Penny stocks are an exciting and lucrative business. As most everyone will tell you, it is not for the weak of heart. There is definite money to be made in the OTC Markets and more penny stock millionaires are made every day. But the best way to win the game is to know the rules!
One additional fact surfaced about market makers while researching T Trades. Did you know that market makers are not required to honor their offer price? That is correct, because the OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the market maker can, and often does, decide to rescind the offer, not sell the security and adjust the selling price.
https://incrediblepennystocks.wordpress.com/2013/06/25/incredible-penny-stocks-what-is-a-form-t-trade/
I need to get in before that happens...shorts will be toast