is...retired
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Why not? I'm happy to see principles converting their restricted shares to common shares. It means they are in the same boat as the rest of us.
Any such changes will appear in SEC filings - mandatory - so there is no need to publicly say anything until the filing.
The short report does not report what has actually been shorted by 'shorting' the stock. It refers to the trades that have been done that have not yet settled. It takes 3 days to settle trades, and all those are reported as 'short', because they are not final.
When many people flip stocks and the same shares get sold and bought multiple times in 3 days, the report goes up. Not a single share is guaranteed to be 'shorted' - it is just unsettled trades in that report. I don't know if there is a report that identifies how many shares are actually 'shorted' as a trading scheme.
Thank you for yet another good post on (not) shorting sub penny stocks. If you had the money to do that, you'd do something far more profitable.
Almost always, it is market manipulation, not shorting, in the sub pennies.
I not only held, but bought more - now an even 20M between myself and my GF whose account I manage. 12M for me, 8M for her. NOT our only plays, but probably the most promising.
$4.95 if you do 30 in a month.
They just hired a CFO. Between the new CFO and an outside auditor, they should be able to dot their i's and cross their t's soon. I've mentioned before that if the stop didn't drop, there was still something not complete.
The task here was to close out 2016 with the 'old' AMLH which had not been filed, and then get the 'new' AMLH information to OTC Markets so all the (new) company information could be updated. Not having a CFO probably didn't help, that is one of the contacts they need.
For 2017Q1, there will be a mix of the old AMLH and the new, and that is right around the corner. (This month, unless they file late).
I'm confident they will be pink current shortly.
Anyone that knows anything about shorting stocks knows you don't short sub-penny stocks. It takes a mountain of cash to back up the potential loss, and if you have that much cash, you don't jeopardize it to try to make a few hundred dollars shorting a sub-penny stock.
All this talk about shorters on AMLH leads me to ask one question. If anyone is shorting this stock, what is your reserve in your brokerage account? Well, never mind, I know no one is shorting this stock, and everyone ELSE should understand it too.
The last RS was last summer and waa 1 for 2500. Listed at Edgar, along with all their other shenanigans, the list of dilutions, etc.
Conversions are generally done based on a discount percentage of the average stock price over the previous 20 trading days or so. In other words no one knows what the price will be at some distant point in time, (after all, the conversions are generally done when the company fails to make the regular payments plus interest) but the discount is against the stock's average price at the time, whatever it happens to be.
As I have said before, if stock rises with no news, you can expect it to fall with no news.
Along with that, it will usually rise with good news, then slowly fall until the next good news.
The term share reduction is not clearly defined in this case yet, so there is no way to know how or if investors would be affected.
The AS is too big, and needs to be reduced substantially. The OS is so large that a substantial reduction in AS is not possible. It can't even be reduced by half.
Share buybacks cost money - It would take a LOT of money to buy back even 1B of the 2.2B OS, ($8M). And the COMPANY would have to buy them, not an investor.
A reverse split of 1 for 4 along with an AS reduction of the same ratio would work out to an AS of about 1B and an OS of about $550M.
This 'share reduction' would have zero effect on investors UNLESS they sold at a loss (dumped) when the share price increases by 4X.
What he actually said is this: "It is" from the statement "I hope a share reductions is being considered".
So, it is being considered. That isn't even news, let alone something to get people all fired up. Of COURSE it is being considered - they bought a shell with a huge SS and need to do something about it at some point. They KNOW that.
People need to grow up and let the company do what it needs to do without the constant hounding from childish investors. Stop reading things into tweets that are not there.
Companies don't hold back press releases based on where their stock is. Press releases are not 'timed' with stock events, period. Press releases are done when all the details are finalized, period. When the news is free to disseminate, it will be disseminated. You can STOP with the stop sign crap.
Go to OTC Markets and read about AMLH. You will find some things that are still woefully out of date, such as the financials that have not been updated since 2015! When AMLH provides the information to fully update the new company's status, the stop sign will be dropped. It is not done with press releases.
Yes, well a CEO and other insiders in a public company (officers, director and up) can't talk about anything, and can't even buy except for a window of 30 days after earnings release. They can't talk about anything that could affect stock price. So, yes, when they say they can't discuss it, they are right. SEC filings are another thing entirely. That is how to get news out without violating the insider trading laws at any time.
Yeah, unless you do your trading in an IRA, which I do. I have multiplied my IRA holdings by over 10X, and don't owe a single penny of tax yet. I will pay the required tax rate at distribution time only. There is no such thing as long-term or short-term in an IRA - You can make millions of dollars and not pay a cent until you withdraw.
This was a 401K rollover, started with pretax income, and matched by the company. None of this money has ever been taxed.
I'm not suggesting that anyone should invest in risky stocks with their IRA, but if you have 'spare' funds in it, that you are willing to lose, it's a pretty good strategy.
A few million shares of a promising sub penny in an IRA that is otherwise secure can be very rewarding. And, over time, it can build its own special 'fund' to be repeated with other promising companies.
I said no KNOWN revenue.
The OS is 2.2B and there are no fundamentals. The very term fundamental means to be able to evaluate the financial condition of a company, and we have not a single clue about that. We don't know if they have revenue, we don't know if they have profit, we don't know if they have debt and if so, how much, and how it is structured.
We have potential. Potential is not fundamental. This is speculation, pure and simple. You pays yer money and you hopes you make some.
That would make it a $500M company with no known revenue. Not bad. Also, not likely.
Bishop and others split up McFadden's shares - 605,000,000 shares.
McFadden Split
Giving all of those back would not affect the OS much. (2.2B vs .6B)
I don't think you can compare this company with others as far as trading history. AMLH is a brand new company in a brand new business that just happens to have purchased the available public shell of a bankrupt company. The SS was inherited, and will, I expect, be restructured at some point in the future. At present, I don't see a problem with it, since the new company needs some growing room, and the SS has that available. The only problem with the SS that I see is that it is too large, and thus will have a tendency to hold stock prices down.
I think with this OS, the price will probably stay below $.10, period. That would make it a $200M company, which is a bit of a stretch at this point.
If this company had gone public through an IPO, it would have taken much longer to go public, and it would have cost a lot more. All of the same paperwork about the new company would have to be submitted, AND a minimum stock price would have to be provided.
The new company avoided all of that, and simply back merged into the empty shell. It still has to get the paperwork right, and that is progressing. As the company picks up steam, other restructuring moves may be accomplished.
I'd like to see a lean, mean, money-making machine. Not there yet, but I think it will get there. I have placed a lot of money here because of that belief. If it hits $.05, I will sell 10% of my shares and recover my entire investment, and let the rest ride.
If you go to OTCMarkets.com and search AMLH, then click through the listings (left side), you will see that there is still a lot missing. Under Financial, for example, the last entry is from 2015. I suspect OTC wants AMLH to get everything up to date before the stop drops. The simple fact that it is still up means they are not yet satisfied with what has been provided. Unless the stop drop is already scheduled, and just has not yet happened.
I'm not John Kent, but the SS is as huge as it is due to the previous company's financial shenanigans.
With an AS of 4B and an OS over 2B, there is not really much that can be done about lowering the AS unless the OS is first reduced.
The two ways to reduce an OS are with a share buyback or a reverse split. A share buyback requires cash since the company is buying its own shares back on the open market. They could also take out a non-convertible loan to buy back shares, but that's a long shot because that is generating debt to decrease the OS. Mentioned only because it is a possibility. An angel investor might provide funds for such a buyback.
After the OS is reduced sufficiently, the AS could be reduced. If the OS was down well below 1B, the AS could be reduced to 1B.
A small reverse split would be beneficial in this case, I believe. A 1 for 4 would reduce the OS by 4 to a little over 500,000,000, and the price per share would be multiplied by 4. At the same time, the AS could be reduced to 1B. Some investors hate RS because some are done to support dilution. This would not be that case, but some investors would sell anyway because they don't understand that not all reverse splits are bad. That is a buying opportunity for some of us.
At present, there are plenty of shares not sold to not force a SS change, but if uplisting is wanted, a RS is a way to get the price up where it is needed. I doubt that AMLH will get a very high stock price while the AS is 4B - there are almost 2B shares still available to be sold, so there are plenty, so the float will never be locked up, which is when you usually see the price rising.
None of this is needed before the financials are straightened out, ticker is changed, company is pink current, etc. Basics first, then restructuring may be in the cards.
Stock tickers are not necessarily globally exclusive. I know of at least one of my own stocks that has both a Nasdaq US ticker and the same ticker in the Philippines.
The right way to announce company news is with a press release. Press releases become part of the permanent record of the company.
OTC trading hours are posted at OTC. Why not read it yourself instead of asking others?
The first quarter will be almost all (old) AMLH, not GGMN. The merger didn't happen until the end of the quarter, so none of the GGMN revenue, if any, will count.
It is the NEXT quarter that will be all GGMN-Q2. That will give us our first real view into the financials of the new company.
It might mean that to you, but frag is a derogatory term as well. Military people 'frag' their hated compatriots with grenades. Very common in Vietnam war. I don't think they'd want any of that potential stain on their ticker.
How so? OS X SP = market cap. If an RS is done, the SP will go up, and the OS will go down. No change in Market cap. No change if AS is reduced either.
Insiders (directors and above) are restricted from buying shares except in the 30 day window after earnings releases or other significant events (anything that could affect the stock price). All public companies do this, and any insider trading must be reported to the SEC. Standard practice. Even the purchase of options is reported.
So, no, the insiders are not buying ICLD stock 'on the sly'.
For NYSE:
The NYSE requires that companies submit their symbol requests at least 20 days before they mail out notification to shareholders and that they list a first, second, and third choice. The exchange rarely gives a thumbs-down to the preferred option.
Other exchanges are probably similar.
Esports is exploding!
Today, I googled esports, then clicked 'news'. What an amazing revelation. It is a very explosive time.
Here is the search:
Esports News Search
Note that there are several 24 hour esports channels starting up, one even in China. That's crazy!
"Tencent to launch dedicated eSports channel ESPTV in China
Pocket Gamer.Biz-May 3, 2017
Tencent has revealed plans to launch its own TV channel in China dedicated to broadcasting eSports called ESPTV. The news was announced ...
More Than 250 Billion Esports Tweet Impressions Recorded in 2016
WWG-May 2, 2017"
I voted for GAME. GGMN just doesn't roll off the tongue very well. FRAG isn't bad, but it is somewhat limiting in scope. With pro sports leagues joining in, it is only a matter of time before other major sport teams join in too. What is common to all is GAME!
With 17M shares now, each penny rise is $170K. That is over twice what I have invested, total. My avg is up to .005 since I added 2M more this week.
To those predicting $1 by end of year...I hope you are right!!
Companies don't hold press releases up because of their stock situation. They release press releases when they are ready to be announced. All you people saying they are holding up announcements because of the stop sign simply don't get business. They don't schedule around OTC's activities.
Good companies don't release fluff press releases either, meant solely to pump up stock price.
AMLH is doing exactly as I expect - no puff pieces, and no press releases until a deal is signed, sealed, and delivered. We will see those, but speculating on their motives is just childish.
Actually, OTC is open for trading from 0600 to 1700 on trading days. Most brokers work it from 0630 to 1600. So, you can see some trades before or after official trading hours, but it is not premarket or post market at that point.
OTC does not permit trading before 0600 or after 1700.
Most stop removals do not include a merger of a private company into an empty shell that was stopped. This is about much more than simply catching up the old company's filings.
The wheels are turning, and when all the required information is provided and reviewed, the sign will drop.
I'd just ignore it for now and take advantage of these early prices. A month from now, you are unlikely to see anything under a penny ever again.
All you really need to know is that no one, and I mean no one, would short a sub penny stock. It would take over $100K just in reserve, even if you could find a brokerage to permit it.
If you have $100K to spare (reserved at your brokerage), what in hell are you doing trying to make a few hundred dollars betting on a drop in price? And if it goes up, bye-bye $100K - that's what it's for.
So, the instant someone claims they are shorting a sub-penny stock, you should use your ignore button, and people should stop responding to such nonsense.
You do know what they say about debating with an idiot....?
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Yeah, the comments on Apple were probably pretty sparse - that was 20 years before the internet...
As I posted just yesterday, if a stock goes up without a reason, it will probably come back down without a reason. It is called 'the stock market'. You can't paste a reason on every little rise and dip.
You must learn to look a little longer distance. For instance, look at the chart for the last month. Try envisioning it in another month. Then look at the day. No correlation - days are snapchats. Gone soon after taken.