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our money is just sleeping- waiting for it to wake up. I have a good feeling that it eventually will within the months to come, Personally I would feel great with a rise to 15-20 cents.
There may not be a sell off. It is hard to say at this point....it may still move up. The acquisition was delayed not cancelled. There is still tremendous value in this stock.
That is not what I wanted to hear- I dont think anybody wanted to hear that- will be interesting to see what happens from here.
Hoping for news soon. 60 seconds would be nice.
Magic just needs a reputable carrier, and a PR.
haha, think about where this is headed- your almost 4 million would be much much more very soon...oh well. its fun to dream sometimes.
if you had 12 million shares of this you would be a multi millionaire very soon. IMO.
I don't think what it did in 2008 means much of anything. Different share structure and different situation.
If they intend to trade on NASDAQ ASAP after merger is completed, my guess is the financials look pretty good. JMO
Good find, more info on NASDAQ can be found here.
NASDAQ's rules require a minimum bid price of $4 per share for initial listing on The NASDAQ Stock Market. An issuer listing pursuant to an initial public offering satisfies this requirement so long as the offering is priced at or above the minimum required price.
NASDAQ's rules require that issuers meet a minimum bid price requirement of $4 per share for initial listing on The NASDAQ Stock Market. Seasoned issuers must meet the applicable requirement on the date NASDAQ approves their listing application and are expected to list promptly thereafter.
For an issuer traded on a non-listed market, promptly generally means within five business days of approval. However, in the case of issuers listed on another exchange, promptly generally means within fifteen business days of approval, to take account the additional time required to effect the transfer from the other market.
Note: A company that qualifies for listing only under the market value of listed securities standard must also meet the bid price requirement for 90 consecutive trading days prior to applying for listing.
More info at
https://listingcenter.nasdaqomx.com/Show_Doc.aspx?File=FAQsInitial.html
The last PR indicated that they intend to trade on NASDAQ as soon as possible after the merger is completed. In order to trade on NASDAQ companies must trade at $4 per share for 90 days. There are exceptions to this rule- but this is certainly a good sign of things to come IMO. Looking forward to this next trading week.
Let me just say- I am not saying this stock isn't up at all- But be reasonable- 002-003 maybe attainable....but the pennies? beware of the facts presented, read the article I posted, look at whos involved, look at the share structure. GLTY, Im done posting on this board.
Well said Mishkin. I guess we'll know whether or not it's scam soon enough. ;)
Id say 002 is possible which would be a nice gain....but 5 cents?
I just think based on who is involved here- refer to article I posted below last night- and the share structure- this stock is clearly a p.o.s. and to argue that it will go to 5 cents is insane.
Name 1 stock that has 15 billion a/s that has gone to 1 penny from triple zeros without a significant reduction.
How can you say there is no dilution when you look at the share structure?
FYI- I just happened to see this GTLL on the top 10 boards and felt compelled to warn investors....Read this article, look at the share structure- Im not saying this cant make some money- but there is no way this is running anywhere close to LKEN- would be lucky to make it to 002 IMO.
http://www.pinkinvesting.com/article/view/Global-Technologies-Ltd.-GTLL.PK-A-Wolf-In-Sheeps-Clothing-
Welch is a pumper and dumper- plain and simple.
GTLL does not have the same share structure as LKEN. In fact, it's nowhere close. GTLL has 15 billion A/S- LKEN has 5 billion A/S. LKEN has around 200-300 million float- this has 800 million. This is one of the most bloated share structures I have ever seen. An A/s of 15 billion? really? I wouldn't touch GTLL with a bargepole. all my opinion of course.
http://www.otcmarkets.com/stock/GTLL/company-info
"The project also developed with Seawind, is located in the town of La Higuera, Coquimbo Region, and require an investment of $ 70 million."
You would have to think those other projects are worth that much- ballpark. Not that we know this for sure- but if they were all worth 70 million, we are talking about 1 billion in projects in Chile alone.
I was watching it trade all day, 5k moved this up in a hurry, it takes very little volume to get this thing moving. After PR, and heavy volume- PSPW will be unstoppable. IMO.
there is no delay, the merger is finished. Just a matter of PR or filing.
Exactly. The merger is done. It is only a matter of time now.....
6 AM- not PM- that is meaningless.
Everything about this stock is pointing to dollarland after pr.
This ran on nothing. No news. Went up on its own. Wait until there is news or filing.....haha
You've been here a lot longer than I Rain, kudos to your patience. Lets hope all of ours is rewarded soon.
I agree, with all of the buzz, a pr could be right around the corner. Whoever is selling will be sorry. imo.
these are great prices....bargain compared to whats ahead for this stock.
Now that there is a awareness, we just need a solid pr to get this thing on the move.
Also,
Sometimes funds are available at certain days based on what time of day you transfer them. From what I understand with etrade anytime after 4 est, is an extra day added to which your funds will be unavailable.
Etrade does the same thing as well. If you buy a stock using unsettled funds, and do not sell that stock within 3 days- than the money is settled by that point. If you buy a stock using unsettled funds and turn around and sell those shares within the 3 days- your account is subject to a 90 day restriction during which you cannot use unsettled funds at all. It restricts your account only allowing you to use settled funds.
Everything I have read would indicate that the release of magic will be in june. If there is a PR from the company I would expect the price of the stock move to much higher levels. 10-20 cents. Its hard to say for sure.
Just wait for news. Watching it trade minute by minute is a waste of time until there is a reason to.
Nothing matters until merger is completed with PR- thats all that matters. Sit tight
I got lucky- I had a bid sitting there for weeks at 1.5, it was a partial, but still managed to pick up 50k.
i particularly enjoyed the 1.5's!
Pr's would be nice
Would love to have even half of that type of run! lol