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illwill..........................
good point. i read somewhere in one these reports they were paying some employess, in part, with stock. if price keeps going down, so does the salary.
e
yeah, right.......................
good thing i stopped out and got stuck with only 50k shares. how many are you stuck with?
easy
another october underhand toss..............
Wednesday, October 13, 2004 01:00 ET
In a new S-2 filing, the company issued, on 7/23/04, an aggregate of 40K shares of its Series A Preferred Stock to Jack Luchese, Ven Rekula, Jeffrey Gilfillan, Mark Andrew Nelson and Robert Lindan for a purchase price of $400K. The current conversion price of the Series A is equal to the lesser of (i) 80% of the average of the 5 lowest daily volume weighted average prices of common stock during the 20 trading days prior to the conversion date or (ii) 80% of the closing price of common stock on the trading day prior to the conversion date. The Series A are not redeemable. Each share of Series A shall be convertible at the option of the holder thereof, on any of four specified dates.
It's deeper than I thought! Convertibles and warrants are everywhere.
october alone.............................
From October 1 through October 21 2004, LJCI converted $20,000 of convertible debentures into our common stock and exercised non-detachable warrants to purchase 300,000 shares of our common stock. The combined transactions resulted in our reducing the prepayment for future exercises of warrants account by $300,000 and issuing 29,278,206 shares of our common stock.
You boys know who LJCI is? La Jolla Cove. DNAP guts are falling to the floor. We can't make the full payment, so let's give our stock away for them to short, want to?
blue.............................
50 bod members................ big fat guy payroll
who is AFST Inc? eom
they have been doing worse than selling shares............
convertible debentures, warrants, and pipe-like stuctures are tearing the guts from the company. 12% loans. repeated pr's saying nothing. they want to give the stock away, but their wives won't let 'em! (LOL) it's a bad joke.
where's the big news?????????? ain't none.
you boys keep on posting news from months and years ago. that is all you have. and only part of that news materialized.
i like the one about a community college doing a field trip at the plant. hilarious! if i ran the company the last thing i would want is a community college visiting. how embarassing is that? bad press. bad press.
dnap, the tinker-toys of genomics........ at best
e
(wink) eom
mac...............................
EXAS has a little backfilling to do.
e
cats..............................
How's it goin'? You have some interesting charts here. Thanks.
I just wanted to bring a little technical note to you and the boards attention: I'm kinda into daytrading stuff outside of stocks, but some of those tricks apply to these charts too. And remember, charts around here are largely otc, so they have a little more of an unreliable element than national markets. But a trick I often use is visable in a couple of your charts and others. I'll use SRAM as my example.
The last print, Friday, shows the open and close price in close elevation to each other, and volume is greater than the previous day. This is often indicative of change. It could be temporary or something greater. The idea is to wait for things to settle, especially since this print was outside of the Bollinger Band. Your overall setup has merit. I estimate the coming effect is temporary. This concept may save a little anxiety in a long position.
easy
April 10, 2004? eom
Someone pm'd me asking............
what these points mean.
For every 1800 or so dollars you have on hand, you can margin one contract. For every point you capture you get $50 in the ES.
In the NQ, it takes around $1100 to margin one contract. Every captured point is $20 there.
NY mini gold requires around $430 and returns $30 or so for a captured point.
Great round of golf today!!!!!!!!!!!!!
Refer back to this linked post...............
#190. See where the annotated lavendar line went to in elevation? Approximately 1165. Guess where ES went? Yep. 1163. No indicators. No realtime data. No guessing like the other board. Thumb through the ES daily posts....... long 1169. Keep guessin, boys!
Gold.............................
The other board was so bullish.................... They were so wrong.
The weekly ES...................
affords a long around 1176.00
The original daily inside-out signal............
was long 1169.00. Here we are at 1201 and still firing away. No realtime data. No indicators. No guessing like the other board.
"We trade up front". (LOL) You guys lose up front too.
La Jolla hardball.................
SAN DIEGO, Jan 27, 2005 /PRNewswire via COMTEX/ -- La Jolla Cove Investors, Inc. announced that it has accelerated the full principal balance due under its convertible debenture with Radix Marine, Inc. (RDXM) as a result of a default by Radix in the payment of interest due under the debenture. The amount due under the acceleration notice is $604,541, which includes repayment of certain prepaid warrant exercise amounts previously advanced by La Jolla Cove Investors, Inc. to Radix.
stockguy.........................
synchronous
Bet the farm.......................
..........but not if you only have one farm.
iside-out NQ 13 min., support/resistance,...............
basic boundaries, and gvm template theory combined:
Below are the NQ fib table and NQ 13 min chart for February 4. Support levels are green. Resistance levels are red. Pivot is lavendar.
In every instance of support, resistance, and pivot in the table, inside-out boundary signals were afforded. Using other chart durations could have resulted in better exit/entry points. I was done for the day by 10:00 after assuming market indecision may result near the pivot. Sticking around could well have resulted in more lucrative trading.
The gvm template generates signals through synchronization of volume and price momentum. By adding a 9-3-3 slow stochastics one can find relavant signals once inside-out boundary conditions were cast. Either basic or "domino" stochastic effects were realized at every point.
Inside-out boundary signals were limited at two of three points near pivot elevations, although volume reading would have lent entry for the last 10 point upward move. Considering no inside-out signals existed in either direction after the initial long signal, a full long ride from 1525.50 to the inside-out short signal at 1536 may have sustained from that only pivot elevation signal.
frog.............................
Of course disclaimers abound plentiful, but one of the first sentences in the pr that has been posted a dozen times here states that if all is not hunky-dorey the deal is off. That leaves a lot of wiggling room, huh?
To be fair, Dutchess is largely private placements, but should still be visible. The volume of recent days is not much more than trivial. Low volume divergence is probably shorts digging in.
I'd like to know why they are making Mister Softee stop playing their ice cream music in Florida. They've been doing it for years. What is this world coming to? There's a conspiracy worth discussing.
easy
welcome to otc eom
yep............................
Someone did it yesterday too. I did not see who it was.
Stopped out except for 50K
good luck, folks................
It has been a wonderful day. 17 points on an NQ means it's time to go walk nine holes in the sun.
C'mon DNAP!!!!!! Ol' easy needs some new socks.
Be patient. The undercurrents are increasing.
e
Old news is all you have? (LOL) eom
mac.............
name already taken............. http://hardrightedge.com/
the site has daily fib/pivots for several futures contracts too
stockguy...........................
It looks like a little flag in SWB 60 min. My guess anyway. Exits rely on style and personal tolerances. 2.06 or therabouts might be another point to consider.
bag..............................
The volume I have is little more than trivial. I'm not shorting DNAP. And I've stated over and over I hope a miracle comes and saves you. Stocks like DNAP are everywhere. The technical setup in DNAP is what is a bit attractive.
And again, I really don't care what the company does. I just know otc stocks can peel off large quick gains and are fools when it comes to finance. What can be so important about what DNAP does? They lose money. They continue entering deals that go in the wrong direction for shareholders.
You will see, DNAP is in a bump right now. The price should bounce upward. The fears of your own decision are confusing you.
btw........ they don't have income per say, just a miniature revenue stream resulting in repeated loss.
easy
richie..............
I have no idea. DNAP has little control how the convertibles transpire. They know this up front, yet do it anyway. They can exhaust through time or can be bought. I did see where $170K worth were retired in the K, but that is just a drop in the bucket.
The true appeal is the ability to short the convertibles. This, of course, further complicates the dilution underway, compounding it exponentially. It, in essence, is an insurance policy to make big money from the company's inability to control share price. Then there are rights to warrants in many of these deals. Warrants gaurantee purchase rights at a particular price. If used to their advantage, and these guys do this for a living, they can further add share price carnage or cover shorts without incurring losses. Companies do these finance deals to keep on ticking although financial death is nearly certain.
I believe this Dutchess deal is largely private placements of new shares - fine if nothing else is realized, except the fact of massive dilution. But I seem to remember warrants were included. This allows insurance on either side of a trade by locking in massive share quantities at needed prices. Consider potential millions, if not a billion new shares being distributed and the effect it will have.
And who will these private placements go to? Good guys or bad guys? You can see things can snowball in a downward thrust. In US accounts, you cannot short a cheapie unless you have the same shares on hand. So you see, convertibles and warrants are dangerous. In Canada or Europe, you can short anything dollar for dollar - your cash is matched on the opposite side to cover - shorting is margined with equal cash on hand.
Someone mentioned La Jolla Cove and RDMX (I think). RDMX fought back after realizing their fault, I suppose. La Jolla gutted them like a fish.
Here are a couple links on convertibles, pipes, warrants and the like. You can get more detail here:
http://www.our-street.com/Shortseller_war2.htm
http://www.taylorstock.com/OTCBB1.html
No inside-out signal.....................
game still on - 1169 to 1190 and counting on the daily....... tearing new assholes in lessers.
read the K and Q. tell us what it means if you can. they are sucking wind, and that is being very kind.
I don't expect anyone here to accept.............
anything. Hell. They keep averaging down, increasing losses. Maybe when they contemplate buying another otc stock they might remember a discussion or two here and save themselves some grief.
otc is a shell game of fluff pr's, obscure volume, and dealing from the bottom of the deck......... especially when they get into convertibles, pipes, warrants, and wishy washy finance deals. DNAP is full bore in this game.
e
yeah, sure.......................
I'm long .0084 and will make more money than you on DNAP.
actually it is and the share price will eventually show it eom
oh, doug.....................
If you really looked at/understood their financial reports, even in a glance, you'd know this stock is flat out screwed. In capital print in one K report they openly admit they are broke, have no assets, and could close shop at any moment. You need quit dreaming and open your eyes a while. In that one instance in the report, an idiot can see financial chances of survival are dismal at best. You only spew hope and desire. Nothing in those K's and Q's remotely suggest sustained survival is possible. Who gives a flying shit what they do. If they can't sell it, it doesn't matter.
Go spew your hopes to someone who gives a shit. Hopes don't buy groceries. Hopes promote losses. How much ya down on this crapper, doug?
e
the accounting effect is the same....... didn't you know that? eom
yeah......... I bet that's why they did not put the amount in the pr............ it would blow you out of the water. hilarious.
e
those pr's didn't say anything, did they? eom
doug...........
one liners? Find one that is not true.
You and yer boys are investing in hope and ignorance. You yourself said it has no more than a year. Hecky, boy. After five years of loss the government questions your intent of business. The show is almost over. They better hurry up selling those new 1.5 billion shares!
e