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next Tues is actually 90 days... I say we get it by then, maybe a day or so to release the PR.... whatever the case is, it can't be anymore obvious that the italian financing is a done deal!! Volume has been ridiculously low (clear sign that the company is not selling) which would not be the case if it were not a done/guaranteed deal... my opinion just a matter of time...
=)
Couldn't have said it any better myself.
I think your right on! volume has been barely existent the last 2 weeks.... nowhere close to where it would need to be if the company was still selling shares.
haha... another 10K trade.. what a joke!! can't wait for them to get caught with their pants down...
90 days would be May 25th... by then I definitely feel like we should have the $$... and get the PR by the latest a day or so after... but who knows, maybe we'll get the GREAT news sooner!!
That doesn't surprise me at all.... b/c when you put in that order at .0016 was when the bid and ask jumped to .0016/.0017 respectively.... proves that there really aren't many people trying to sell the stock and MM's looking to cause a little panic to encourage selling through artificially dropping the pps... think we see a whole new side to IPWG in the coming days/week
Marcucelli, did your 200K order ever get filled yesterday?
Not enough volume today Marc... doesn't look like any shareholders are looking to part with shares right now, and unless a MM is going to short them to you then you may not get it filled... JMO
So we've had 2 10K share trades today and 2 5K share trades today... what a joke these MM's are.
One thing that may be important to mention is that dilution has come to an abrupt stop.... we're only averaging volume of 17M over the last 10 days..... this compares to average volume of 91M in the 10 days prior .... my personal opinion is that this is a sign of $$ in the bank or atleast the company knowing when $$ will be in the bank.... I think we get the PR soon!!
if you look at the numbers, then you'll realize it is not possible.... only 7M shares were traded freely today (if you want to think that was IPWG officers go ahead and make your own foolish assumptions)... however, if only 7M shares were traded freely and 10.4M shorted and at 10:20 this morning there were 9.6M shares sold all at once, then simple math tells us that at a minimum 2.6M of those shares had to involve shorts (9.6M - 7M), but common sense says that all of those 9.6M shares sold at 10:20 involved shorts!!
This proves today's activity... of the 17.4M shares traded today, 10.4M were shorted!!! that means that only 7M were traded freely. This morning there was a sale of 9.6M shares all at once between 10:20 and 10:25, can you say MM manipulation!! My thought is that this heavy trade was to encourage shareholder panic and have them immediately start dropping shares to get out, but unfortunately for the MM's that did not happen! I think they may realize that the funds are coming and they need to shake as many weak hands as they can before its too late and this baby starts running away from them... my opinion
20100512|IPWG|10378823|17373723|O
my opinion this was the MM's valiant effort to quickly drop the price and trigger some sells so they can cover a small portion of their naked shorts .... time will tell....
lol... like that we're back at .0019
keep bashing!! someone just got a great deal on 10 Million shares!
Reality Check what?? someone just dropped 10 Million shares ... hopefully for their sake they didn't do that with the intention of trying to buy back lower b/c the bid is already back at .0015 .... gotta remember this is a chilled stock with limited retail so lets just see where we close today.
News is on the horizon
Ok sounds good... just wondering b/c the IBOX says May 10th update, but no worries.
Rod.. Any update to O/S shares? don't think the number has increased at all given the decrease in volume but just would like to confirm... This would support the idea that $$ is in the bank and they don't need to raise any further $$.
Thanks
Investor Post on EG - no one except the shorters seem to be selling -
20100510|IPWG|5334328|7500000|O
of the total 7,500,000 volume, 5,334,328 involved naked short selling - over 70%
once i thought the naked short volume was part of churning --- but doesn't appear to be any churn right now. so for some strange reason, someone is naked shorting into this uptrend --- with lots of positive news expected. maybe a short squeeze is a possibility after all.
Maybe we get a late afternoon push before the bell?? Be interesting to watch if the smart $$ already knows if there is a PR coming this evening.
Regardless of where the Euro vs USD goes from where we are today, I don't think that is the issue at hand for new money in this investment... the fact of the matter is that the market cap of IPWG is currently $9 Million ... assuming that the Net from each plant is $30 Million (based on today's translation rate) ... it would be obsurd today to not recognize that we are SIGNIFICANTLY undervalued... in my opinion easily a 300 - 500% return on this in the next 3 months; but most likely much much more (especially if the chill is lifted next month when both sides present their case to the SEC).
If we don't break .0022 during the day I definitely believe we'll go right through it on Tuesday... we seem to be in this pattern of getting great PR's on Monday's and after last weeks PR of Rovitti joining the BOD, it is only a matter of time until the PR comes stating that $$ has been received and construction of the WTE plant has commenced.... I wouldn't want to be on the outside looking in when that PR comes out b/c it will be like trying to catch a runaway train...
Lot's of $$ to be made in the coming 2 weeks!!!
IMO
I think the overall concensus on that is VERY SOON!! My personal opinion... we see that news Monday after the close.. after 4 strait weeks of PR's on either Monday/Tuesday I think we stick with that trend over the next couple weeks as well...
I believe there's some very EXCITING news coming..
what I do find amazing is that 15M of yesterdays 27M shares traded involved shorts.... and we still went up almost 50%... when are these guys going to learn??!!!
wow! DOW down 500pts!!! holy crap... atleast we're even.
another afternoon run in the cards for us?
Gotta say it's been a really quiet day.
I've never looked forward to a Monday on a Thursday afternoon like this before!
Thanks!
Not much resistance... think if we show some green we're gonna start running.
Lurk you have a L2 shot before the open?
Thanks
I definitely agree with the news on Monday (or very early in the week)... seems to be the trend for the last 4 weeks and there's 3 major pieces of information that can send us SOARING....
1. Funding has been received
2. Construction starting
3. Better than expected merger details
And just imagine if the DTC is forced to release the chill b/c MM's are getting killed and can't cover their shorts b/c shareholders on so many platforms can't sell??!!
Hang on tight!! and don't give in b/c there could be a HUGE ride up!!
MM's are going to have to cover sooner or later... if retail doesn't push us through .002 for good then the MM's will have to... anyone think we get news of funding received next Monday?? Just figuring we stay consistent with PR's on a weekly basis .... Funding next Monday and then the Monday after that we start construction??
Hopefully lots to celebrate over the coming weeks...
those concerned about dilution, it can't be any clearer that the company is done selling.... volume last 5 trading days of:
4/28 - 16.02M
4/29 - 8.69M
4/30 - 28.77M
5/03 - 32.41M
5/04 - 13.64M
It's b/c some of the platforms didn't update from yesterday's action.... TD said volume of 13.6 Million and .0015 until about a half hour ago... those are just yesterday's results, but not sure what is causing the issue or why they didn't update to today's action...
Current price though is .0018 with an ask of .0020
not sure what your looking at b/c I only have 5.5 Million in volume on the day so far.
wooo hooo!!! Ready for the ride tomorrow!!
I say we open at .002 and close somewhere in the .003's.. just my opinon
Think it will be very interesting to see how much short volume we have today... at the end of the day though, as soon as we get news of funding these prices are history..
Interesting to see NITE on the buy side... isn't he/she the one that was heavy on us going down?
nice lil 3k share trade right before the close to put it at .0017 instead of .0018
MM's won't give up just yet!
I think they're gonna be sorrry
Those who may have tried listening to you on the cautious side of things are the ones that may have missed the move thus far.... you can't really be trying to make a point on it dropping from .0021 to .0018 midday are you?? What about the ones that didn't buy late last week when it was .0010?? They can now get only half as many shares for the same amount of $$
I'm not comparing IPWG to AAPL at all... I'm making a point by saying that just b/c there are 4.5 Billion shares doesn't mean we can't easily create future value that would bring us up to 1, 2, maybe $3 several years down the road... All of these companies that have significant market caps over $1 Billion had to start somewhere right? If you weren't willing to take this type of risk then you shouldn't ever be investing in a pink sheet stock.