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Looks like a private placement offering-RegD. 123500 divided by current share price or 0.0024 yields about 51 million more shares. Oh brother.
Its hard for any stock with this share structure to move much Bada-figure it out. 4 billion shares plus shares. Duh
Hopefully you are correct. Let's hope that's a good thing.
Zero volume today? Locked up or no interest?
Crazy owns a good percentage of the company and keeps buying. Maybe she has some info. LOL
Dont worry about it!! Keep posting as you see fit.
So is: maybe they have contracted with apple to install new 4glte networks for the apple tv.
If your right, we are in the millionaires club. Ha
I'll explain what's happening. People buy low and sell high for a living. This is how they acquire more shares or small monetary gains. It doesn't seem worth the trouble to me, but this is what day traders do. These stocks will never make good gains without fundamentals and that's why I say technical analysis is not a good measure when it comes to companies w no proven track record or history.
No duh?? LOL
Fact is - its a penny stock. All speculation.
Well- is it time to sell and let this one go? I need advice here.
back to 0025 unreal
Lets roll!
Well I have seen some stocks run from a few cents to a few dollars in no time. Not that this is necessarily one, but at least it sounds like a sound company with profit potential. The average P/E ratio in Telecom is quite high. At least 25 times earnings, so lets get some earnings.
Good observation since very few companies even want to train anymore. This is like a good old fashioned 80s company-quality and good ROI. Maybe we are taking America back.
Personally, I like fundamentals. Technical analysis is for the birds.
Then maybe off the pink sheets for good. Nasdaq, NYSE? Endless possibilities. DOW 30 even? LOL
Someone had been saying otcqx awhile ago. That would have been much better.
Oh-OTCQB? I was hoping OTCQX. QB has no price qualifications whereas the QX has a .10 cent per share minimum. Damb
Lol. Good one Heime.
Cheers mate.
Good deal.
Its called a wash sale: selling securities in order to take a capital loss against other gains. If one sells that security for such a purpose, they have to wait at least 30 days to repurchase that security or else it will not reduce the gross income for tax purposes. Up to 3000 per person per year may be used as a capital loss.
are we headed to ch 11 or what?
What a joke. 2B outstanding and nothing over 2 cents in five years?? Why waist time here?
I bought some at .oo7 too bc I was trying to keep the rally going. LOL
Somebody tell me what is going on? I sure hope we aren't headed toward CH.11. Come on SubP-we need some pep on this board.
I agree. Great response.
Sounds like progress to me. "The company has secured financing from various sources in order to implement contracts. They will likely need additional financing but no where near $950,000. A number of large funds are currently considering investing in the company. Companies go public in order to raise money by selling shares to finance their growth. Dilution only occurs when financing doesn’t grow revenues and earnings. The company has a distinct advantage in getting contracts in the exploding wireless business and contracts have outpaced its ability to fund their implementation internally."
Thanks Sub. I'm moving up. Lol. This is a keeper I think. At least it sounds that way. I only wish I had your 2.7 instead of my 1.6. Ha ha.
I just emailed Jack about the 504 private placement and he got back to me. He said that there is no need to think they need to dilute in an amount equal to anywhere near 950000 dollars. This is normal operations of a growing business and any selling is to support operations in between obtaining contracts which will probably be worth a lot more. Merry Christmas
I'd like to think that subpenny is right and if they are selling, that it is to a minimum. No dilution.
Yes. You are absolutely right that the authorized shares would be exceeded seeing that 950000 divided by .002 is equal to 475000000 additional shares. This can't be right. If so, Jack is lying and the share price is actually over valued.
If not, it's slander.
Nice!! Lets hope that's true transparency and his responses are accurate. If so, we've made money!
That's freakin awesome!!