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good idea..never thought to read the filings
wow..what a concept
Jimstr
sellers are playing this pefectly
They know charts and have L2 also
they took it down to chart support of .03....then showed you a head fake UT making you think the bounce was here...they watch L2 and see the bid build, then sell into it....then took it below to next level...rinse repeat
next support will be .028...below that...freefall to UBSS parked at .025
.025 coming
many investors dont like to hold pinks over the weekend and no trading Monday
If you haven't done so yet, lock in those profits...AS going up
.03 is key support....if it dips below..it may plummet..
IMO
Jimstr
and tomorrow is a Friday...notorious for some selling as many dont like being in pinks over the weekend..
In addition to that, Monday is a holiday and trading is closed
More selling tomorrow.
IMO
Jimstr
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=pxAfEYt3CFKIifloKlMjDw%253d%253d&CorpName=OPTIONS+MEDIA+GROUP+HOLDINGS%2c+INC.
yes...CC last night said it was coming
Shorters are trying to get out but buyers holding the .04 as best as they can...until their money runs out..then the shorters win
Many you are complaining of this short....the shorters wont go away until they tank it and cover
inevitable,
IMO
I gave you too much credit in market trading..
Scott wouldn't tell you the share structure when asked in the CC last night..."dont have that info in front of me"--really? Didn't think the SS would come up in the call?
TA is gagged for a reason
...previously restricted stock is hitting the float as I type...IMO
OPMG shareholders have only the filings and AS to base their valuation on..
Too much can happen in 3 mos between Q's.
8K's, D rule 506, etc can lag...you're still waiting on a couple more as I type (supposed private placements yesterday, departure of officers-Sasso)
they need to ungag the TA or get a different one that will allow shareholders to make a proper valuation of their holdings
In the meantime, AS is the best barometer as the shareholder can say..."this is the worst case scenario"
IMO
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=pxAfEYt3CFKIifloKlMjDw%253d%253d&CorpName=OPTIONS+MEDIA+GROUP+HOLDINGS%2c+INC.
I like 2's but you will have alot of support @.03
All depends on how high the AS goes
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=pxAfEYt3CFKIifloKlMjDw%253d%253d&CorpName=OPTIONS+MEDIA+GROUP+HOLDINGS%2c+INC.
IMO
many of you are up..nothing wrong with taking some profits along the way
dude, I was the one that laid it out for the board that OPMG is raising the AS to allow for the Series G Preferred to convert to commons...It was confirmed in the CC
And btw, he also confirmed my posts that JB only has warrants and not shares as so many of you mistakingly were posting
You got nothing to teach me with regard to the DD on this stock
and you got a couple more surprises coming that you folks refuse to discuss
If I to enter, it will be in the 2's
good call..trade what you see...buying pressure is about gone
CC confirmed what I have been posting...AS is going up...IMO a little higher than 1 billion shares
re-enter much cheaper after the AS goes up
If you are inclined to trade by the charts, 5 day chart looking like Head and Shoulders forming...indicates a reversal trend from recent trading...in this case...down...not good for the longs
right shoulder almost completed...could go much lower from a chart perspective
amateur hour over...vol gonna come in and take it up slightly or down alot
IMO
.036 coming IMO...watch ASCM MM
why is this selling at open after such an awesome CC?
...sad
I think folks are missing my point. I could care less about Sasso...I am concerned about who is making these decisions
Take the name sasso out of this equation and just look at this management decision to make Joe Blow their President
my point is this:
OPMG made a huge bone head decision making him the president of the company for 1 of the following reasons:
A) They knew of his past, and still made him President of the company, knowing it could be a black mark on their image when the word got out...
or
B) they didn't know about his past, in which case, shame on them for not doing a background check on the president of their company
You cant have it both ways
BS ..If they knew, and were ok with it, Sasso would not have been fired then
I made my prediction...2-3 Billion AS and according to their articles (must at all times), they are in violation or have some grace period from the filing dated earlier in the month that I am not aware of
what is your honest opinion of how high they will need to raise the Authorized Shares?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63528382
still there. It is just not their lead story
http://money.msn.com/exchange-traded-fund/article.aspx?post=158da049-d085-455a-9f98-df126b4ebaf0
If the PPS increases then that = less shares needed to obtain it. Keep calculating lol it's not going to make a big difference IMO. They aren't going to need the 8 million RIGHT NOW.
if it was so petty, why did they fire him? and he wasn't a "member of the staff"...he was their President
well done..thank you for the reply...most astute traders would account for this, I am trying to get a consensus from the board on how high it will be raised to allow for Preferred conversions,the upcoming 5-8M financing needed, and wiggle room for future leverage?
TIA
Jimstr
old news re-posted...not a response from yesterdays news of Sasso conviction of racketeering
IMO no response from the Bieber Group wrt yesterday's bad news...means they are trying to sell as much as they can b4 they cut OPMG loose
figured 24 hrs would be enough to dump their shares
Authorized Shares being raised
It is not "if at all" as you state...it is from the recent 10Q
OPMG must carry enough Authorized and unissued shares to allow for the conversion of Series G preferred to commons.
here is the rule
(d) Reservation of stock issuable upon conversion:
The corporation shall at all times following the Filing Date reserve and keep available out of its Authorized but unissued shares of common stock, solely for the purpose of effecting the conversion of the shares of its Series G preferred such numbers of its common stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of Series G Preferred Stock.....
last sentence:
As of the date of filing this Certificate of Designation, there are not enough Authorized but unissued shares of Common Stock available and reserved for the purpose of effectuating the conversion of the Series G Preferred Stock
and here is the MINIMUM they must raise the Authorized share in order to comply
5)
(a) Atomatic Conversion (at least 1,100,000,000 Authorized)
you all know now that they MUST raise the AS
test
test
do you have an opinion on how high the Authorized shares will be raised?
They are obligated by their own rules to raise the AS to a minimum of 1.1 billion shares.
if they are to secure 5-8 million dollars more thru a broker-dealer to stay afloat and market the product, more shares will have to be released
They would probably only want to make this change in AS once, as it will have a negative impact on the share price
how high will the AS go to allow for conversion, financing, and future leverage?
I gave you my thoughts...OPMG has to carry enough Authorized and unissued shares to allow for the conversion of G Series Preferred AT ALL TIMES..must raise AS to 1.1 billion to comply with their own rules
how high will they raise the AS?
show of hands..
1)how many of you took the time to read the pertinent info in the links I provided?
2)what is your take?
3)if I am wrong, explain
TIA,
will ck in tomorrow...goodnight ev1
Jimstr
Now that everyone on earth knows that JB is suppose to endorse the product, do you want to have intelligent DD discussed and passed along to others or just keep posting JB and to the moon?
quit posting this link..that ambulance chaser has hitched his wagon to this story just to advertise his law firm. His firm is getting tons of hits on google because of JB's name in his advertisement
he has nothing to do with anything thing here
what was common knowledge?
I would have thought that OPMG would at least do a background check on Sasso...obviously not.
This latest news source wasn't from Bob's Gazette in Podunk Arkansas
MSN Money is huge...Bieber camp is in damage control mode tonight and will cut OPMG loose within 24 hrs
IMO
Jimstr
never owned it
watch the L2..they will start hitting the ask with small buys to prop up the SP hoping you will buy into a bounce...then sell again
dead cat bounce
dead cat bounce is done in minutes...tell the truth...I just called a dead cat bounce from .04 to .043 and told you it would come back down
currently
.038
.04 wont hold...3's coming IMO...
hope you people took profits