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I'd be happy with that.
I think the brokers knocked it down before retail could get to it. It should come back up.There is also the retail that just recently got a chance to sell and freaked out of course.
At the moment most retail traders can't trade it. Existing share holders on Etrade and TD can't sell their shares, so we will see some strange trading behavior for a couple more days with wide spreads and high volatility.
The spread has started to tighten up as more retail comes online. The ask should start to crawl upward to match the post RS price ($0.05) soon (couple of days).
Nice. What price did you get it for? This new share structure can easily support $1 per share (if they put out news and get their filings up to date), so buying it down here (especially at $0.02 or less) is a good investment IMO.
It looks like retail that can trade it are starting to dump it. But, that may be good in the long run, since it thins out the upper ask levels, and with this new share structure (whenever OTC updates it on their site), should help us get to higher prices later.
Yes,I'm sure they would figure it out. 😀
That would be sweet if that worked.
Etrade still hasn't changed my shares over either.
User "StayHumble" is giving everything a thumbs up, so we must be ready to make some money here.
Totally. And get the damn filings up to date. They are still in OTC yield.
Big boards are dumping out today. Good. Burn em down. Let that money come back into OTCs!
Same here. Etrade has not changed my shares over to the new name yet (NECAD).
Is Fidelity good for OTCs? Etrade is awful for OTC's, I have never really liked it for that, but it is fine for big boards. Do you get free L2 on Fidelity?
New investors care. Old investors care because they want the stink associated with NECA gone.
I think the "D" stays on the end of a ticker for 30 days after a corporate action, but the question is whether the ticker will change after that, or just go back to "NECA". I would prefer they change the ticker so we start from scratch.
What is Fidelity calling it? Does it have a new ticker? In Etrade I just have a number for my position, but it is not showing a bid or ask yet, and its un-tradeable. I can look at $NECAD, but It shows no position (zero shares) for $NECAD.
Good volume at 2 today.
Pump it up! We are opening at $0.05 today, Hopefully they put out news all this week. The new share structure will certainly support $1.
Etrade. Although I have not had a reverse happen to me since Morgan Stanley bought them, so maybe they will be better now.
Yep. Should be exciting tomorrow. But sadly, my broker takes a day to change my shares over to the new name, so I won't be able to trade it tomorrow even if I wanted to.
Is it just a name change, or name and ticker change? I see it is a CUSIP change, so I think that means ticker change, but I'm not sure.
Yeah, that was fun. But that was Canouse, and I don't think Fair has that kind of sense of humor.
It better be spectacular. But they are not known for good communication. Back when they were tweeting, it was like a travel agent was writing the Tweets, and most of them didn't have anything to do with their business operations.
$NECA doing name change! Get in while you can!
Long-shot possibility- The new share structure, and the share price after reverse, could allow them to list on OTCQB, if they maintain $0.01 cent or higher for one month they could apply for QB status. But OTCQB has tighter filing restrictions than Pink, which costs the company more to maintain, so it is unlikely they could keep up with that from what we have seen already.
The new share structure should certainly support much higher share price than $0.01 (perhaps even $1 per share), but they would need to put out constant news through Accesswire and X to maintain those price levels, and they have always been bad at PRs, so I won't hold my breath on that.
A turd... By any other name... Smells the same. Why would FINRA let them change if their filings aren't up to date anyway?
Hopefully it works out well for everyone.
I agree. Total crap. The new OS would be pretty good though (~27M shares), so as long as they reverse the AS also then the share structure should support $1 share prices, but that only works if they PUT OUT FRIGGIN NEWS and KEEP THE FRIGGIN OTC FILINGS UP TO DATE and DON"T GO DARK ON "X".
Hoping for the best here.
I will never invest in any Canouse related stock again. The first thing I will do is look at the companies financials, and if I see - Canouse, JP Carey, Jahoco, Carpathia, Machiavelli, or any hint of any Canouse brother- I will run.
Lets hope for the best. Hey- at least we know they are alive, they went dark for so long, I was starting to think they closed up shop.
So, my glass is half full- because I drank the other half.
It sure does need a miracle. A reverse from here only puts us at $0.05 initially. I am at $0.00088 (ave) at the moment. So, after the reverse, I would need a share price of $0.44 to even break even. I am so screwed. They better pump the livin' shit out of this thing once it has the new name.
They better reverse the AS and the OS. If they do we would have a pretty respectable share structure- Until they dilute it into the ground again.
Yeah, compressing 500 little turds into 1 big one will not help. But, maybe the name change will help us.
I'm gonna get so screwed on this. So will all existing investors. But, it is good they are doing a name change along with RS, that gives me some hope of not loosing to much money.
I was in one many years ago that did name change / RS out of the blue, and it worked out. A spike immediately after the event allowed me to sell out with a small profit before it relaxed down to ~50% of the RS price.
With pickles.
Would be nice to see this come back to life someday.
Wow, 2's are flyin off the shelves today! That should thin out the higher ask levels a bit. Maybe news tomorrow?
Notification of late filing- https://www.otcmarkets.com/otcapi/company/financial-report/382805/content
Only brokers can trade below 4 decimal places, but sometime you get lucky, and if the broker bought the shares at $0.0001, they may sell to you at $0.00015 for a quick profit. If you want it now, you will have to buy at $0.0002. There are hundreds of people trying to buy at $0.0001, so you could wait months if you have a buy order there.
Tad seems to find a new (potential) reverse merger candidate every 6 months or so. We should have another one soon.