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Edit,
We all bought our shares from an idiot, we all hope we can find one to sell to
I have a couple of thoughts for your buddy Scott
Caveat Emptor
A Latin phrase for "let the buyer beware." The term is primarily used in real property transactions. Essentially it proclaims that the buyer must perform their due diligence when purchasing an item or service.
In other words, consumers need to know their rights and be vigilant in avoiding scams. For example in the private purchase of a used car, caveat emptor places an onus on the buyer to make sure the car is worth the purchase price. This is because once the transaction is complete the buyer will not receive a warranty or return option from the seller.
Due Diligence - DD
1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale.
2. Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.
1. Offers to purchase an asset are usually dependent on the results of due diligence analysis. This includes reviewing all financial records plus anything else deemed material to the sale. Sellers could also perform a due diligence analysis on the buyer. Items that may be considered are the buyer's ability to purchase, as well as other items that would affect the purchased entity or the seller after the sale has been completed.
2. Due diligence is a way of preventing unnecessary harm to either party involved in a transaction.
Wonder who's putting on the show
This is a responsibility he owed his shareholders, Backpedaling is a poor excuse for competent management
I have a couple of thoughts for your buddy Scott
Caveat Emptor
A Latin phrase for "let the buyer beware." The term is primarily used in real property transactions. Essentially it proclaims that the buyer must perform their due diligence when purchasing an item or service.
In other words, consumers need to know their rights and be vigilant in avoiding scams. For example in the private purchase of a used car, caveat emptor places an onus on the buyer to make sure the car is worth the purchase price. This is because once the transaction is complete the buyer will not receive a warranty or return option from the seller.
Due Diligence - DD
1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale.
2. Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.
1. Offers to purchase an asset are usually dependent on the results of due diligence analysis. This includes reviewing all financial records plus anything else deemed material to the sale. Sellers could also perform a due diligence analysis on the buyer. Items that may be considered are the buyer's ability to purchase, as well as other items that would affect the purchased entity or the seller after the sale has been completed.
2. Due diligence is a way of preventing unnecessary harm to either party involved in a transaction.
This is a responsibility he owed his shareholders, Backpedaling is a poor excuse for competent management.
We all bought our shares from an idiot, we all hope we can find one to sell to
Thanks for sharing the link, It's always good to have more information sources. I saved it
GLTY
I'm wondering what indicators you use
http://stockcharts.com/h-sc/ui?s=FLIP&p=D&b=5&g=0&id=p46167836547
Bollinger Bands
FLIP is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.
MACD
The MACD for FLIP currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9minute moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.
RSI
The RSI is currently at 57.28% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of FLIP is improving or weakening.
We all bought our shares from an idiot, we all hope we can find one to sell to
In my opinion On The Go may have difficulty inforcing the original agreement since the assets of the VAR business had already been assigned to Laurus as part of a convertable funding
Can't FTS just claim the agreement was void since On The Go didn't have a clear title to the business anyway?
It will still cost both parties legal fees to straighten out. Way different thing than millions in revenues
On The GO thinks they deserve restitution
It's in the lawyers hand now I guess
Form 8-K for ON THE GO HEALTHCARE INC
--------------------------------------------------------------------------------
17-Jul-2008
Other Events
ITEM 8.01 OTHER EVENTS.
Effective March 18, 2008, we entered into a binding agreement with FTS Group, Inc. together with its wholly-owned subsidiary OTG Technologies Group, Inc. (together, "FTS"), whereby FTS agreed to purchase certain assets of our value-added reseller business unit, dba On The Go Technologies Group. On June 6, 2008, we agreed to amend certain terms of the binding agreement.
On July 14, 2008, FTS notified us that it intended to terminate the transactions described above. We believe FTS has breached its agreements with us and that the promissory note issued pursuant to the binding agreement, as amended, is in default. We intend to aggressively pursue all remedies that are available to us.
This report contains forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including the risks described in our annual report on Form 10-K and other filings we make from time to time filed with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
ITEM 9.01 EXHIBITS.
EXHIBIT NUMBER DESCRIPTION
10.1 Binding Agreement between the Company on one side and FTS Group,
Inc. and OTG Technologies Group, Inc. on the other side, dated
March 18, 2008 (included as Exhibit 10.1 to the Form 8-K filed
March 27, 2008 and incorporated herein by reference).
10.2 Amendment No. 1 to Transaction Documents between the Company on
one side and FTS Group, Inc. and OTG Technologies Group, Inc.
on the other side (included as Exhibit 10.1 to the Form 8-K
filed June 16, 2008, and incorporated herein by reference).
We all bought our shares from an idiot, we all hope we can find one to sell to
Form 8-K for ON THE GO HEALTHCARE INC
--------------------------------------------------------------------------------
17-Jul-2008
Other Events
ITEM 8.01 OTHER EVENTS.
Effective March 18, 2008, we entered into a binding agreement with FTS Group, Inc. together with its wholly-owned subsidiary OTG Technologies Group, Inc. (together, "FTS"), whereby FTS agreed to purchase certain assets of our value-added reseller business unit, dba On The Go Technologies Group. On June 6, 2008, we agreed to amend certain terms of the binding agreement.
On July 14, 2008, FTS notified us that it intended to terminate the transactions described above. We believe FTS has breached its agreements with us and that the promissory note issued pursuant to the binding agreement, as amended, is in default. We intend to aggressively pursue all remedies that are available to us.
This report contains forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including the risks described in our annual report on Form 10-K and other filings we make from time to time filed with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
ITEM 9.01 EXHIBITS.
EXHIBIT NUMBER DESCRIPTION
10.1 Binding Agreement between the Company on one side and FTS Group,
Inc. and OTG Technologies Group, Inc. on the other side, dated
March 18, 2008 (included as Exhibit 10.1 to the Form 8-K filed
March 27, 2008 and incorporated herein by reference).
10.2 Amendment No. 1 to Transaction Documents between the Company on
one side and FTS Group, Inc. and OTG Technologies Group, Inc.
on the other side (included as Exhibit 10.1 to the Form 8-K
filed June 16, 2008, and incorporated herein by reference).
I guess they're not so smart either
http://www.thestandard.com/news/2008/03/26/fts-group-acquires-otg-technologies
We all bought our shares from an idiot, we all hope we can find one to sell to
What do I think about flip ?
Just another ceo attempting to get rich while the shareholders pay the bills.
Buying companies and using shares to pay off the debt, If it dosen't work out, the shareholders get left holding the bag, It's the American Dream perverted to the extreme.
If you read the most recent filing 10qsb for MODI (OGOH)
--------------------------------------------------------------------------------
This company sold their VAR business to FTS group
They did not have the right to do so as they had already assigned all of their assets to Laurus in their original financing agreement
Payments due to the Company on the note will be directed to Laurus Master Fund, Ltd. in order to pay outstanding amounts due on its accounts receivable line with Laurus referred to as the "Laurus Line" or the "Secured Revolving Note" elsewhere in this report. The Company agreed to assign outstanding receivables of approximately $119,000 to FTS for purposes of payment of our outstanding obligations on the Laurus Line. Upon satisfaction of the Laurus Line, any excess amounts due under the note or remaining from the assigned receivables, if any, will be redirected to the Company. Failure of FTS to pay up to $650,000 toward the Laurus Line by July 14, 2008, unless extended by Laurus, will result in an event of default under the note.
In addition, pursuant to the Amendment, the assumed vendor debt of $2,861,864 will be reduced by a payment previously made by FTS in the amount of $157,396.49. Any funds generated by FTS and deposited into the Company's account will be applied to the assumed vendor debt that FTS acquired as set forth in the Amendment.
In addition, the Company agreed to rent FTS office space for a period of 90 days at a rate of $10,000 per month.
The acquired assets, acquired trade contracts and the terms of the Confidentiality and Non-Compete Agreement remain the same as set forth in the March 18, 2008 binding letter of intent and were incorporated into the Amendment.
Notice from Laurus Master Fund, Ltd.
Laurus Master Fund, Ltd. provided us with a letter dated May 22, 2008 notifying us that pursuant to the Amended and Restated Security Purchase Agreement between us and Laurus Master Fund, Ltd., we granted Laurus a first priority perfected security interest in all of our assets, including, without limitation, our accounts receivable, inventory, equipment, contract rights and intellectual property. As a result of an asset purchase agreement entered into with FTS as described in this report, whereby we agreed to sell FTS substantially all of our assets, we violated the terms of the Amended and Restated Security Purchase Agreement between us and Laurus. Laurus indicated in the letter that all sums payable by FTS to our Company constitute collateral subject to Laurus' perfected security interest and that any payments on the promissory note shall be directed to Laurus.
Laurus indicated that it was not taking any immediate action against us in connection with the sale, however they have reserved their right to do so. (Italics added)
This note is due apparently on July 14 2008 and it would seem that Laurus is holding off to see if FTS Group pays.
Form 8-K for FTS GROUP, INC.
On March 18, 2008, together with our wholly-owned subsidiary, OTG Technologies Group, Inc., a Florida corporation, we entered into a binding letter of intent with Metro One Development, Inc., formerly On The Go Healthcare, Inc., wherein we agreed to purchase certain assets of Metro One Development's value-added reseller business unit, dba On The Go Technologies Group. On June 6, 2008, we agreed to amend certain terms of the purchase.
On July 14, 2008, together with our wholly-owned subsidiary OTG Technologies Group, we rescinded the asset purchase agreement intended to transfer the business of On The Go HealthCare, Inc. to us. We notified Metro One Development, Inc. of our rescission and termination of the transaction described above.
When the On The Go deal was first announced I came on this board and tryed to warn you all that they were buying, I believe the quote was "a dog with fleas"
I was told I was a disgruntled shareholder and some other unkind things.
It's the difference between seeing the reality or the fairytale
Done deal, no Dead deal, yes
Form 8-K for FTS GROUP, INC.
On March 18, 2008, together with our wholly-owned subsidiary, OTG Technologies Group, Inc., a Florida corporation, we entered into a binding letter of intent with Metro One Development, Inc., formerly On The Go Healthcare, Inc., wherein we agreed to purchase certain assets of Metro One Development's value-added reseller business unit, dba On The Go Technologies Group. On June 6, 2008, we agreed to amend certain terms of the purchase.
On July 14, 2008, together with our wholly-owned subsidiary OTG Technologies Group, we rescinded the asset purchase agreement intended to transfer the business of On The Go HealthCare, Inc. to us. We notified Metro One Development, Inc. of our rescission and termination of the transaction described above.
We all bought our shares from an idiot, we all hope we can find one to sell to
Concerning the On The Go Healthcare VAR business sale
From the most recent quarterly filing form MODI (formally ONGO)
If you read the most recent filing 10qsb
--------------------------------------------------------------------------------
This company sold their VAR business to FTS group
They did not have the right to do so as they had already assigned all of their assets to Laurus in their original financing agreement
Payments due to the Company on the note will be directed to Laurus Master Fund, Ltd. in order to pay outstanding amounts due on its accounts receivable line with Laurus referred to as the "Laurus Line" or the "Secured Revolving Note" elsewhere in this report. The Company agreed to assign outstanding receivables of approximately $119,000 to FTS for purposes of payment of our outstanding obligations on the Laurus Line. Upon satisfaction of the Laurus Line, any excess amounts due under the note or remaining from the assigned receivables, if any, will be redirected to the Company. Failure of FTS to pay up to $650,000 toward the Laurus Line by July 14, 2008, unless extended by Laurus, will result in an event of default under the note.
In addition, pursuant to the Amendment, the assumed vendor debt of $2,861,864 will be reduced by a payment previously made by FTS in the amount of $157,396.49. Any funds generated by FTS and deposited into the Company's account will be applied to the assumed vendor debt that FTS acquired as set forth in the Amendment.
In addition, the Company agreed to rent FTS office space for a period of 90 days at a rate of $10,000 per month.
The acquired assets, acquired trade contracts and the terms of the Confidentiality and Non-Compete Agreement remain the same as set forth in the March 18, 2008 binding letter of intent and were incorporated into the Amendment.
Notice from Laurus Master Fund, Ltd.
Laurus Master Fund, Ltd. provided us with a letter dated May 22, 2008 notifying us that pursuant to the Amended and Restated Security Purchase Agreement between us and Laurus Master Fund, Ltd., we granted Laurus a first priority perfected security interest in all of our assets, including, without limitation, our accounts receivable, inventory, equipment, contract rights and intellectual property. As a result of an asset purchase agreement entered into with FTS as described in this report, whereby we agreed to sell FTS substantially all of our assets, we violated the terms of the Amended and Restated Security Purchase Agreement between us and Laurus. Laurus indicated in the letter that all sums payable by FTS to our Company constitute collateral subject to Laurus' perfected security interest and that any payments on the promissory note shall be directed to Laurus.
Laurus indicated that it was not taking any immediate action against us in connection with the sale, however they have reserved their right to do so.
This note is due apparently on July 14 2008 and it would seem that Laurus is holding off to see if FTS Group pays.
If you read the most recent filing 10qsb
--------------------------------------------------------------------------------
This company sold their VAR business to FTS group
They did not have the right to do so as they had already assigned all of their assets to Laurus in their original financing agreement
Payments due to the Company on the note will be directed to Laurus Master Fund, Ltd. in order to pay outstanding amounts due on its accounts receivable line with Laurus referred to as the "Laurus Line" or the "Secured Revolving Note" elsewhere in this report. The Company agreed to assign outstanding receivables of approximately $119,000 to FTS for purposes of payment of our outstanding obligations on the Laurus Line. Upon satisfaction of the Laurus Line, any excess amounts due under the note or remaining from the assigned receivables, if any, will be redirected to the Company. Failure of FTS to pay up to $650,000 toward the Laurus Line by July 14, 2008, unless extended by Laurus, will result in an event of default under the note.
In addition, pursuant to the Amendment, the assumed vendor debt of $2,861,864 will be reduced by a payment previously made by FTS in the amount of $157,396.49. Any funds generated by FTS and deposited into the Company's account will be applied to the assumed vendor debt that FTS acquired as set forth in the Amendment.
In addition, the Company agreed to rent FTS office space for a period of 90 days at a rate of $10,000 per month.
The acquired assets, acquired trade contracts and the terms of the Confidentiality and Non-Compete Agreement remain the same as set forth in the March 18, 2008 binding letter of intent and were incorporated into the Amendment.
Notice from Laurus Master Fund, Ltd.
Laurus Master Fund, Ltd. provided us with a letter dated May 22, 2008 notifying us that pursuant to the Amended and Restated Security Purchase Agreement between us and Laurus Master Fund, Ltd., we granted Laurus a first priority perfected security interest in all of our assets, including, without limitation, our accounts receivable, inventory, equipment, contract rights and intellectual property. As a result of an asset purchase agreement entered into with FTS as described in this report, whereby we agreed to sell FTS substantially all of our assets, we violated the terms of the Amended and Restated Security Purchase Agreement between us and Laurus. Laurus indicated in the letter that all sums payable by FTS to our Company constitute collateral subject to Laurus' perfected security interest and that any payments on the promissory note shall be directed to Laurus.
Laurus indicated that it was not taking any immediate action against us in connection with the sale, however they have reserved their right to do so. (Italics added)
This note is due apparently on July 14 2008 and it would seem that Laurus is holding off to see if FTS Group pays. I really don't know what will happen if they don't. But if they do maybe you will have a chance.
Right now Laurus owns you
We all bought our shares from an idiot, we all hope we can find one to sell to
Want a good laugh, click on the quote-news-tab above
The information hasn't been updated, check out the mrkt cap for MODI
This is a very funny web site. Interesting comments combined with humorus pics
http://www.hotchickswithdouchebags.com/
Cargo Systems Article
Received my June 2008 copy of Cargo Systems Mag. today
Page 23 News: Equipment
Title
Pilot voyage for Eko_Flor box flooring
Conforce International's environmentally friendly container flooring system is due to begin extensive ocean-going trials. The equivalent of more than 900teu of containers equipped with the Eko_Flor system will go into operation with several of the world's largest shipping lines between now and September.
The article goes on basically the same as the recent update put out by Conforce
http://biz.yahoo.com/iw/080521/0399371.html
It runs the height of the page on the right margin and is about 1/4 of the page width.
Woo Woo
Well, the share price is back to a familiar level we can all be comfortable with
Different company
http://finance.yahoo.com/q?s=MOD
We all bought our shares from an idiot, we all hope we can find one to sell to
I have to say that I have learned more about how these small companies work than I ever would have without being an investor in On The Go. I receieved a lot of help from them in understanding the filings and I really have to say I do not blame anyone for any losses I may have expierenced. I don't think these funding entities give these small companies too many options. I think the prs,the dilution, are all part of the package that they sell, and it's easy to sell someone that has a dream. In my research I have found some very aggressive equity based finance promotion. Someone with the best intentions can fall short. The real failure in life is never to try
Don't fall for the message board illusionists. The analysts. The experts. Insiders My A$$
We all bought our shares from an idiot, we all hope we can find one to sell to
The same people that are posting the to the moon posts here are doing the same thing on the HSM forum. I understand what they are doing, they want to sell their shares and the pump is the oldest message board tool around. They are up against some people that have all the cards stacked in their favor. They will be very lucky to get off of their positions before FTS defaults, and the business reverts to On The GO with all the associated debt. They have already reduced the purchase price, cancelled payments that were due as a part of the sale, and assigned receivables to FTS in an attempt to prop up the completeion of the transfer. Laurus still has a lein on basically all of the var business until those obligations are fulfulled. Even the rent that fts is paying for facilitites I believe are rented from a officer of the company. They are not equity in the company. I think this is about as long as a long shot can get. Look at some facts on FTS group. They are mired in convertable debt and their PPS is in the toilet. I don't think they have the ability to replace the On The Go debt with new financing.
Also, and this is only an subjective opinion. I don't think their single house plan "ONE" as shown on their web site is at all attractive. It certainly wouldn't pass for high end where I live
We all bought our shares from an idiot, we all hope we can find one to sell to
I'm sorry, I'm such a kiiljoy
It dosen't matter, the buyers will always be there
At least they have turned off the pr machine. The truth is in the filings. If they do get out from under this load of debt. If they can consumate the sale of the var business to FTS group. I beleive this is a desperate thing
I guessing that Stuart has learned some lessons here also. God knows I have.
They are issuing shares to pay off debt
New shareholders paying off debt
Unregistered Sale of Equity Securities
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
Between June 18, 2008 and June 25, 2008, an existing investor converted $16,160 principal amount of a convertible promissory note into an aggregate of 101,000,000 shares of our common stock, at a conversion rate of $0.00016 per share. Payments under the note are due on the tenth calendar day of each month and are convertible into shares of our common stock at eighty percent of the lowest closing best bid prices of our common stock for the ten trading days prior to the payment due date. We issued shares pursuant to this conversion as follows:
* On June 18, 2008, we issued 10,000,000 shares of our common stock.
* On June 19, 2008, we issued 20,000,000 shares of our common stock.
* On June 20, 2008, we issued 20,000,000 shares of our common stock.
* On June 24, 2008, we issued 24,000,000 shares of our common stock.
* On June 25, 2008, we issued 27,000,000 shares of our common stock.
I have a story I'd like to share with all of you. I promise you it's true and it's funnier than anything I could have created. It has all the prerequisites for a humorus story, Budwieser, power tools, and a lack of spousal supervision
I have a friend, let's call him Roger. Roger's wife had left him home alone on his day off from work to do the families grocery shopping. This was a grievous error on her part as most wives will tell you husbands and small children should never be left unattended. Roger was attempting to come up with something he could do one handed, as he had every intention of keeping a cold frosty Bud in the other hand all day. He knew he would be facing the inevitable "What have you been doing all day" question, and he was sure he had the answer. He remembered his bride had complained about an ant infestation and he was sure he was more than up to the task. He was in the process of spreading some ant insecticide around the perimiter of his home when he recalled seeing the pesky vermin sharing his wife's kitchen.
Being the loving and devoted husband that he is he soon found himself in the kitchen with a fresh Bud (He was close to the fridge)and a liberal pile of ant powder on the floor right in front of the cabinets. He was in a quandry as to how he was going to get to stuff beneath the open void under the cabinets as he was convinced this area was being exploited by the offending critters. Scratching his head he soon came up with the answer, and after a brief visit to the tool shed, there he was, Bud in one hand, Leaf blower in the other, just seconds away from vanquishing his foe.
Needless to say the leaf blower was more than up to the task at hand and the area under the cabinets was soon covered with a even coating of the insecticide. So were the interior of the cabinets, the exterior of the cabinets, the counter tops, the stove top, the oven. and a few of Roger's internal organs.
Soon afterwords, (Too soon for our poor hero to hide the evidence) Mrs Roger had returned from the store, a large quantity of shopping bags in tow.
The answer to the question that had prompted this activity was painfully evident to her unbelieving eyes. (Which soon started to burn slightly)
Correct me if I'm wrong, but isn't being red on high volume a negative indication.
I heard a rumor Metro One has a new product coming on the market
Metro One wallet cleaning solution.
One application will return your wallet to the condition it was in on the day you first purchased it
( Credit to Burp )
We all bought our shares from an idiot, we all hope we can find one to sell to
I have to notice one thing, although they are still selling shares like there is no tomorrow. The pr machine has been turned off. No extravagent claims of business growth. No projections. These buyers are just gambling, nothing wrong with that.
"This baby will take off"
"Shorts will be covering"
"Chart shaping up nicely"
"Will see a reversal"
Please stop, I'm laughing so hard my sides are hurting
You know how a CEO say's F-you ?
"Shareholder Value "
I'll bet everyone who ever bought one of these incarnations of this company wished at some time this would reverse.
Drive your car off of a cliff you'll be looking for that "R" also.
Sometimes people don't just walk away
http://biz.yahoo.com/ap/080619/bear_stearns_investigation.html
" Deceived their own investors "
Could you believe such a thing ?
We all bought our shares from an idiot, we all hope we can find one to sell to
I try not to take joy from the misfortune of others, however sometimes it's nice to see the system work for a change
http://biz.yahoo.com/ap/080619/bear_stearns_investigation.html
Is that such a great thing?
http://stockcharts.com/h-sc/ui?s=PEIX&p=W&b=5&g=0&id=p82869916484
Energy prices are through the roof, and peix is in the toilet
We all bought our shares from an idiot, we all hope we can find one to sell to
This is almost too funny. When OGOH did the reverse to MODI I got 2 shares. I was supposed to get 3 but didn't. I sold those 2 shares as part of a trade.
Today I got 1 share
"Just when I thought I was out, they pull me back in"
Why throw good money after bad? There are thousands of other stocks out there that aren't diluting, reverse splitting, etc.
I really can't see anything on the horizon for this stock right know. What criteria would you use to justify putting more money into this company right now?
There are probably a hundred real estate options available in the market right now that are cheaper than they have been in years. Why give more money to Laurus or Dutchess
Good luck what ever you choose
If you've been around this long enough you've seen them come, the one's who claim this is due for a "pop"
"recovery"
"retrace"
They're gone now
I feel lucky I was able to make one daytrade when it first reversed into MODI and sell the last (2) shares I had left from the previous 2 reverses. I had to buy more to do it. Someone asked me if "I was nuts", those where his exact words
I was nuts, but it wasn't because of the last buy, it was because of the first.
I think I had 165K shares at one time, that figure is an estimate though. It's easy to flip shares if it keep trending down. You can always buy back cheaper.
You can always sell cheaper also.
Anyone who even begins to think they can determine anything using technical indicators by reading this chart is completely delusional
http://stockcharts.com/h-sc/ui?s=MODI&p=D&b=5&g=0&id=p62986382429
They didn't work when it was ONGO
They didn't work when it was OGOH
They don't work for MODI
How can a stock be oversold when there is no limit to the available shares
If you are very lucky you might be able to play the spread for a day trade
Be careful though, unlike the shares, there may be a limit to the people willing to buy
Thanks, I bought some jamba juice today, in @ 2.49 out 2.55
Never had so many partial and completed execution messages from scottrade before in one day. Trades get a little cumbersome when you get into larger share numbers Only 2 clicks of the mouse though and money in my pocket. Thank you ONGO for teaching me the greatest market lesson a man can learn. NEVER HOLD ANYTHING,SELL AT THE FIRST SIGN OF A PROFIT
JMBA closed at 2.50
How things work
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around
and a chance for some easy money, went out to the forest and started catching them.
The man bought hundreds at $10 and, as supply started to diminish, the villagers stopped their effort. He then announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms.
The offer increased to $25 each and the supply of monkeys became so scarce
that it was an effort to even see a monkey, let alone catch one!
The man now announced that he would buy monkeys at $50. However, since he had to go to the city on some business, he said, his assistant would now buy on his behalf.
Once the man had departed, the assistant told the villagers
"Look at all these monkeys in the big cage that the man has collected.
I will sell them to you at $35 and when the man returns from the city,
you can sell them to him for $50 each."
The villagers rounded up all their savings and bought all the monkeys.
Then they waited for the man to return and make them rich.
Unfortunately, they never saw the man nor his assistant again,
only monkeys everywhere!
Now you have a better understanding of how the stock market works