#PSS
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I'm honestly thinking we don't see anything sold below .01 tomorrow, sooner or later this was going to pop, and I think that starts now. Way too good to be this low.
Move up your bids all! No reason to play stubborn with potential this good. It'll be at .05+ by next week, why miss out?
74% insider ownership and under 20 million float. Doesn't get any better than that!
We need a few things here to jump start a huge move upward. Remember, this has 74% inside ownership and a float under 20 million shares. That in itself is a gold mine.
1. A chart on stockcharts would be helpful.
2. A couple good PR's. Those will undoubtedly come, but they are important.
3. A couple big volume days, (today's volume was great, but a day with around 5-10 million would likely move us up to .03-.06. Possibly even higher.
4. This isn't something as much that needs to happen, it's just common sense: whoever keeps selling into the ask, it's great because I'm there to pick the shares up, but at the same time, really really inexperienced move when you look at how much potential this has. Basically, stop doing it!
That's all for now, good luck to everyone and see you at .05!
If we hit .51, haha well that would be fun. 0.15 is doable short term though
I'm looking at .03 by eow here.
There is so much potential with their business model. I'd try and design an app to submit to them but I figure I'm better off just buying a ton of shares. Anything under .05 is an unbelievable buy. But I'd go as far as saying anything under .10 is still a good buy. I'm looking at it getting to .10 within a couple weeks.
I can see serious potential with this company. Being as such, the share price here could easily hit .20, and in the near future.
I guess so, I've just never placed an order for anything less than 500 haha. But true, 60 isn't much to lose. Lots more to the upside
You realize that's only $60 of shares right?
I hope everyone knows how significant 74% inside ownership is here.
Most companies at these price levels have very little inside ownership because they dilute relentlessly, but no company executive would be blind enough to dilute his own money, when there are many ways around it without needing to own most of the O/S.
I see this as a rare opportunity, you could say a very uniquely beneficial situation. Anything bought at these levels is a gold mine, as I, as well of some other experienced traders, see .10-.15 or even higher in the near future. The percentage and monetary gain here is undeniably huge, I suggest anyone on the sidelines get in now, won't be at these levels much longer.
As always, good luck to all.
The original post was plenty of 6's being sold, 5's next. Again, that's not even close, yes it was 5 million but that was less than 20% of what was on the bid at 6. That's not exactly plenty, nor are 5's anywhere near showing.
What's everyone's target here?
Not even close bro.
Great post cheds!
Have you bought a couple hundred million shares for being wrong yet? We could use the upward surge!
I actually have etrade and have a hold on that money just like anyone here. I brought up they thing about it being purchased with dividend money. But since we don't have any law protecting us on that, they have the right to place a hold.
I've attempted to find a law regarding illegal withholding of funds, but as far as I can tell, there isn't one.
It's bull, I agree, because no other brokerage has done so, but as far as I can tell it's legal.
Hey man, I'm not disagreeing that they can't take the money back. But placing a hold is within their legal right.
I actually have etrade and spent several hours talking to them about this, and then consulted FiNRA.
Do you have a link to the terms that say they can't place a hold?
Although FINRA did not instruct them to hold the funds, they have the legal right to do as such. Taking back the funds is a different story altogether, correct, but at this time they have not done so.
Thank you! Appreciate the acknowledgement haha
No, that's the main issue. As long as the company provides sufficient funds for all the shares to have a dividend it's fine. They otherwise could have stated the special dividend only applies to shares outstanding as of a certain date, but they did not.
Lilly. Read rule 11140 b 2. And stop saying June 30. Special dividends have special rules, including when the ex date is. Regular dividends drop the stock by the amount of the dividend the day they are paid, if that happened here CRGP would have had a negative share price.
August 18 was the date you had to be an owner on to receive the dividend. End. Of. Story.
The issue the DTCC and FiNRA is having is that there were about 5 times as many shares circulating on August 18 as there were when the dividend was announced. That's the issue, NOT the date.
Sorry lilly, entirely incorrect. Read FiNRA rule 11140 b 2.
Okay. So you just proved yourself wrong now? I was never, at any point talking about insiders. I literally said that the 5% rule was for outsiders, which you claimed was entirely wrong, yet I've shown you now several times that 5% for outsiders is indeed correct.
You were mistaken, it's not a big deal, why are you ignoring that and talking only about insiders now? You were the one the said the 5% was for insiders, and 10% for outsiders, which is WRONG!
The bold just proved me right! Unless you had a typo in your first post. Insiders with 10% of voting power do have to file that. But again, like I have stated, any owner of 5%, of a voting class of stock, outsider or insider, must file 13D.
Here's a basic breakdown:
The other relevant forms are 13D and 13G for disclosure of outside beneficial ownership, and Forms 3, 4 and 5 for disclosure of insider beneficial ownership. Insiders with more than 10% of the voting power file Forms 3, 4 or 5, and outsiders owning more than 5% file schedule 13D or its amendment form 13F.
That's the issue. Preferred are a different class. Common is still a voting class, it's 5% of any voting class, not 5% of all vote eligible shares.
Of course I read it. Why else would I post it?
Umm. Fact is the rule states 5%.
https://www.law.cornell.edu/cfr/text/17/240.13d-1
I'm going to disagree here, unless you can post a link proving otherwise. It's 5% of any voting class of a company's equity securities.
Just play them only as 1 or 2 day trades, and don't chase them obviously.
Yeah I read into it though, they have 5 types of shares. Different classes. While reading through the current outstanding share amounts at different points and comparing it to the volume, it was physically impossible to reach even 50 billion outstanding. So there was a mistake in the filing or they said the wrong class of common was being split. Check one of the quarterly filings and then take the volume every day up until the r/s. Impossible to reach 330 billion. I know it was copy and pasted but you always have to read into these things to reconfirm.
I was just pointing out a severe flaw in your post. Btw, read up on different levels and types of shares, they never had 330 billion outstanding, would have taken years to convert that many.
Also, I flipped this for 100% today. That's the only time I will ever own this. For 100% profits, once. So I think I'm winning here, don't ya think?
2k in one day is pretty good last I checked.
Well my main comment was pertaining to holding long term. If you held for a year, you'd almost certainly lose money. A month hold you could easily be up. Trading etf stocks properly can make huge gains though, flipping multiple times a day etc.
True. Gotta be careful regardless though.
Lmao! I'll bet you 100 million shares you don't have more than him. And I'll bet you the company you don't have 10 times more than him lol
I apologize, the day after Labor Day haha
Ask thinning at 8! Labor Day we fly!
Man do your math. 330 billion, not 3.3 trillion lmao. It's so simple how are you messing up a factor!
That's not allowed haha. You can't just change the amount of a dividend after the payment date. Before is fine.
That's exactly what I'm saying. The funds have settled, it's not a single case of "oh you dropped your lemonade by misjudging the weight of it, go try again." You can't just go back on your word as far as the law goes.
Alright, here's what etrade told me, the dividend amount per share was changed, after it was paid, by the company. Now, something tells me that's not strictly legal, any insight? I don't actually think etrade has any legal claim to suspending that money. Doesn't matter much to me but I'd love a reason to threaten to sue haha.