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Believe me there is doom and gloom with every pink sheet that gets suspended and shipped to the greys. It's not just KMAG.
The reality is those shareholders that got out this week probably saved themselves some money. As volume dries up in KMAG and people start soaking in the reality of the situation, it will be much harder to exit. At least some people are still willing to pay .004, those days won't be around for much longer.
Sure, but when we're on a stock message board I think it's more appropriate for SEC suspended stocks.
Another thing I would categorize as obvious is what to call a pink sheet stock that gets suspended by the SEC.
Good. Lesson learned, 99.99% of penny stocks like KMAG are scams. That is the secret no one wants you to know here.
I bet KATX's decline has nothing to do with a share structure that went from under 300 million shares to 2.45 billion and not finding anything on any of their properties, it's all because of them naked shorters, damn them.
Only on this board would someone say Kennay and Timmay tripling the share structure is a good thing.....yea, must be a big buyout around the corner, I bet, any day now......more dilution....patience.
A/S 2.45 billion from 980 million....dats a lot of shares to sell. Wonder what Kennay and Timmay are gonna try to do to pump, pump, pump up the volume.
I'll take the word of the SEC over a stinky pinky CEO.
Sure, sure. Da big bad SEC pickin on innocent pinky CEOs like KMAG. Heard it all before. Used to be me.
A birdie once told me the truth would set me free, but not on da pink sheets. KMAG to da mooon. ;)
Many others will look silly when KMAG is still on the greys years from now sitting at .0001, which has a 99.99% chance of happening.
The fact that KMAG is a suspended pink sheet now trading on the greys will outweigh any PR your CEO can fabricate with all the "forward looking" statements in the world.
The SEC already found something of concern, that is why KMAG was suspended.
Misleading PR's get pink sheet stocks suspended, not some disgruntled blogger.
The SEC has it all wrong of course. Just like all the other suspended stinky pinkies, the SEC had it ALL wrong. Just a big misunderstanding, too funny.
Impossible to short on the gray market. All trades are broker to broker. I wish you could, it'd be money in the bank every time.
Been more selling than buying today obviously, but not uncommon for people to risk a few grand on the first couple days coming off a suspension, should be some tradable swings, wouldn't hold though.
Because this will more than likely continue to go lower in the coming days/weeks.
WHZ is looking poised to have a great few years. Trust expires in 2021 but with the price of oil expected to rise this is a great trust to sit on for 3-4 years and collect 20% on your money.
It's been hinted that as long as unemployment remains above 7%, they'll do QE, and with Romney slipping in the polls, I don't see QE going away any time soon.
I'm very bullish on GLD and SLV, I just think the uncertainty we're going to have in the coming months is going to be the fundamentals to drive both higher. I think we'll see pullbacks like the one end of last week and beginning of this week, but I can't see us taking a breather for too long. GLTU.
I speak in probabilities, you will see in due time. GLTA still in this.
That's just not how this works. KMAG is going to have a long road to even get quoted again by a market maker, let alone making it off the pink sheets. If they can even make it back to the pink sheets I'd be impressed. I know of only one stock out of countless thousands that has done such a feat after being suspended. GLTA.
IMO fundamentals will trump charts with GLD in the coming weeks/months.
Sure sure, poor ken and tim and their non reporting shell KATX. I feel so bad for those guys. If I come back here in a year and nothing's happened and you still don't have your BVIG shares, will you finally admit to this being a scam?
It's hard to believe there are still people pumping this worthless company after all the mining Kennay and Timmay did to the pockets of shareholders.
Lol, Kennay and Timmay continue to be involved with scammers, imagine that. They have some bad luck being good Christian guys like they are just continuously getting involved with people on the SEC rap sheet. Poor guys.
Anybody get those BVIG shares yet? Any day now I'm sure......any day now.
Good advice right there. I know people don't want to hear it, but it's the best chance to get at least a small portion of your investment back. Play in the stinkies long enough you have a decent chance at dealing with an SEC suspension. I know people think KMAG is different, but there's an extemely high probability the story will be the same. GLTA.
Well, I held on to hope for awhile and then eventually gave in to reality and sold. The biggest obstacle for KMAG will be to find a sponsor market maker who will take the risk of quoting them again.
KMAG heading to the grey sheets, ouch. Sorry for those that got stuck. I've been there before.
She's taken a beating, not much downside from here IMO. Good dividend too.
So Dew, do you think the ECB bond buying is going to push this market up or is this short lived. Just yesterday it was talked about how the DOW correcting was a given due to the macroeconomic slowdown, particularly China. Looking to take a big position in CAT but just when you think it's going down it pops.
How much more potential downtrend do you think we have left here? IMO VALE is way undervalued and has a nice dividend to boot. Is it just iron ore prices dragging the stock down?
I'm f'n done. VLNX is my last penny stock. It seems all there are is disasters anymore, and with all this "premium" bs on top of it, what a joke.
Oh look what happened what a suprise........
People selling now are going to kick themselves when they run this back up in a half hour from now.
Well since you're typing in all caps it has to be true.
It's confirmed this is APS, whether you sell or not is up to you. APS isn't going to confirm it on their page until after market close.