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GV may be best setup out there IMH - drop on earnings (revs slipped, but broke even), and what I find real interesting is they opened a new office in Texas - that means outreach in Texas, Florida, and South Carolina. Book value is at 0.57 and revenues are still strong. Considering market cap, the current value is ridiculous.
Oh yeah, insider buying at 0.4 as well.
Remember the sales and earnings from Katrina as a category 1 hurricane? This is realistically the best true play as they get work with even a minimal hurricane.
you people are friggin hilarious...really - there are probably 1000 pink sheet companies that have no operations and just run a scam out of their basement...you have sadly adopted cargo-haulers pathetic definition of what a scam is. This is a real operation, they have a real product which myself and my wife really enjoy...I am infact a distributor now (although for personal use for the most part).
The only problem here is the company may as well not be a public company - end of story. I suspect they only did it to fund the startup operations - their method was no different than 100's of other public pinkies to get funding money. As this point with no effort of any IR, sure, they may as well just be a private company, BUT, USE YOUR BRAINS, that does not make it a scam. It just makes it a company that you probably shouldn't invest in (as is the case with ANY pinksheet). Should the SEC delist them - yeah, maybe they should unfortunately, but they should with probably 1000 other tickers as well...there are only so many they can shut down at a time.
wonder if its coincidence that another of belmonts is doing funky things today - IDCX tanked big today...promo setup?
Yeah, I went with Questrade - their execution for otc/pink isn't great (big boards are quick), but you can trade 98% of all the stocks online. Lately there has been DTC issues on a few stocks (because they clear through penson) - USUALLY they just reject them so you know, but I did just get caught on one and had a forced call-in to sell. They claim I'll get a $400-700 charge for it, but I haven't seen it yet. You can avoid that by steering clear of sub 0.1 pinkies or just rolling the dice (not holding overnight would help those kinds (CDOI the last).
I'm generally happy with them besides the odd hiccup and lousy customer service.
Could look into RBC traders direct as well - they have their own clearing, and you can trade online if you sign a waiver. Just trying to get confirmation on money transfer though - they may still be dinosaurs in that aspect which could create headaches.
Besides that, if you are under 25k, you have no other options unless you want to daytrade rule of the americans.
getting a reject on MGRND FYI - another possible DTC?? Just a heads up if there are any penson fans here...
its a thing of beauty - it really is
HOMS - logic says this goes much higher - 24.5m in cash and the market cap only around 4m?? That covers their debt+ Look for 2nd wind
lmao - finally admitted what I said all along huh? You got burned bad so you have to obsess about it. So you are are saying you have never been burned by any other stock? I sure don't see the effort put forth here with other stocks to trash them......amazing, 99% track record. You are my hero.
It's penny stocks, we play scams (which this isn't) and get burned - we know the risk...when it happens, we lick our wounds and move on. We don't stalk the board for another 5 years warning every man and his dog about the company.
You'd think this was the only company that has ever diluted the way you go on about it! geez
for a venture mining, its impressive...trading in and out from 0.89 (maybe missed about 0.4c of the run along the way with rebuys).
nateee, thx for the early heads up on pnikd...made a bunch on the canadian side so far trading it
nateeee...its dual listed and its off the news today - most of the trading is on the CAD side (1.6m shares)
yw coalission...I finally got through on the phone to confirm that I got a 0.0855 exit at least, but I should 'expect' to see that penson charge in my account tomorrow. What a bunch of bullshavick!
how hard is it to just initiate a liquidate only clause on any stock that becomes DTC ineligible - no new buys after that unless you want to shell out, but sells allowed at normal commission. Isn't this to shut down the corrupt companies and not screw over the shareholder???? Is there really a need to do both and lose your clients??
just as lost as you, but my take is yesterday it was fine (when I bought 2 separate positions), but they added it to the list at the EOD. By today, I try a test sell and I get rejected. I have to assume if you can trade online freely, you won't see that 100k fee show up, its only once the routes get rejected if you then try to trade over the phone??? I remember there was also mention that fees showed up in the account a couple months later by surprise by some of the brokers not rejecting....that would freak the crap out of me. At least with my guys, I know its a reject! Totally unethical in my books though to charge AFTER you already have a position prior to it getting put on the list. Should be able to liquidate for normal commish and THEN its hands off (not that it makes the pain any less not being able to touch RYUN again..lol).
Its in their court now - screw me I leave, make it work and waive for my sell, I stick around.
questrade...as of yesterday it went on the list - tried selling through all routes and was rejected (not just MNGD)...never heard back from your guy btw!
CDOI looks to have joined the DTC ineligible group FYI..slapping a $400-700 commission on my sell for me - told them if it shows up in my account, I take my 8-10k in annual commissions elsewhere. Will see if the threat works. POS penson....
$1.7mil on the settle? Enough don't you think? Thats a serious printing machine!
yeah, if you have a dozen accounts, it works...I have 2 that can buy it and they are always last to get the shares...probably be 0.1 by then! Good work.
news to me - as far as I understand they still use penson - I still can't trade RYUN and could never trade BBDA - I was told it was because they route through penson and those are DTC ineligible....you heard something different?
thing of bloody beauty - I guess he feels the pressure to make us twice as much money now because the other guys suck! ha
well, from 0.002, even a $1000 trade was up to a $10k gain...fees you said per trade right? Pretty sure when I called about RYUN, they said about $350. I'll take $350 in fees for a 10k gain now....
nice, so you are saying MNGD was trying to save my arse? Well, in principle thanks, but I would have rather had the trade this time around...lol
so whats up with it anyway? Some brokers obviously seem to be ignoring it and allowing online trades, but I'm screwed and can't get it just like RYUN....I don't remember crap like that going on anytime recent. I know all the traders aren't just paying $500 commission to trade this stuff!
Strictly theory, but this public trading avenue was more just their way of funding the business and getting it off the ground. Now that the business is rolling, the distributors are in place and they are able to support production themselves, there is no need to bother keeping up to date with the public entity of the business...thus, they just let it do what it wants to do without any concern about the shareholder.
Sucky for shareholders yes, but I would venture a guess also that it also means no dilution any more.
That's my theory and in my books, that doesn't make it a scam, it just makes it a company that is essentially a private company that still happens to have a ticker. I have no idea WHY they would just not care since they have preferred shares as part of the distributor incentive, but hey, it is what it is.
I think the coffee is great though, that I know!
its fake...(you probably know that from the pit, just giving heads up to the rest of the gang here)
Wow, getting sucked in by cargo haulers reverse kool aid? The ONLY thing the company is guilty of is heavy dilution and major reverse splits more than 2 years ago and not keeping current pink sheet status. This is an MLM company where you can't buy the product in the store (mary kay like)...the company is real, the product is real, the distributors are real...they just neglect the public entity of it and nothing more.
Don't get sucked into C.H. scam story - a scam is a company without a product that fabricates a story to make people believe it exists. Uh, it does exist (as I posted earlier)....
gave it a try - rejected, so the answer would be yes (broker disapproved) - never seen that error message..lol
DEXO rippin
POTG threw out acquisition news just now
same deal with questrade in Canada (most commonly used broker for Canadians trading pinks/otc). Was fine up to today, tried to put in sell for last few shares I had and was rejected...ended up going through another slower route and left a few $100 more on the table...
In the end, this is the latest message:
Trading RYUN with MNG is not allowed anymore, but AUTO is allowed for now. This is because RYUN will be a non-DTC listed stock shortly and you will soon not be able to trade it online. You will have to call in the trade desk to trade it, and there will be fees of about $300-400 for the transaction.
For more information on DTC eligibility, please see the link:
www.dtcc.com/products/documentation/asset/Securities_DTCEligibility.pdf
BCCI volume coming in off JCOF/JVA
BCCI coffee should see another push on JVA CBOU momo
rest of the gang I follow of this group are now out with WTFS (add titan/monster)...thats everyone that I'm on the list for
so, why aren't you holding a vigil at 300 other pinky scam forums until they get shut down? Oh, guess you didn't lose an arm and a leg with them like you did here (seriously, no other good reason you live here and obsess like you do).
Worse than a bieber tweener fan man......
oops...correct on that! 9:34....got the X man alert first
got my pennypic and FIR alerts in the mail on this just now - got OX yesterday
damn time premium on the puts - sold HRBN a little too quick today....WOW what a tank
well, wouldn't take it out on the city - I suspect most of the trouble makers were from out of town - that clown was from the Duncan area (which is full of punks)...as for the team, sadly enough, you are right, although their only problem was reliance on Luongo (Schneider should have been the man in Boston in game 4 and 6), and the fact that they don't have a true enforcer to protect the girls (Sedins)...other than that, they had a good shot.
Anyhow, congrats to nateee and his boys....maybe in another 40 years the cup will make it over to Van...lol
OT - sorry had to post this - moron of the year from the riots last night:
http://a4.sphotos.ak.fbcdn.net/hphotos-ak-snc6/252887_121875327897004_121837081234162_188048_2883357_n.jpg
no doubt - up 3 bags currently and i was late to the show as well