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THere are some other scenarios. They could file an extension re:Reporting the 10K. They also should report a 10Q (1 or 2) depending on when the transfer of business takes place and the fiscal calendar. I'm assuming the 10q should come before the 10k??? Now the other item is if they don't file an extension and they don't file the 10Q/10K, then they could go through a delisting process resulting in trading on the pink sheets. I forget how long that takes but I know its NOT immediate. If that were to happen, yeah, we'd be dropping to .01 IMHO. Hedgie makes a good point about the 35mil shares. Someone paid for those and there is NO WAY for us to know how much they were sold for. But the guy who bought them clearly wants to sell them when he wants so he;s incented to monetize is holdings.
I guess we sit and wait...
Here's an article worth reading....
http://www.bloomberg.com/news/2011-07-05/china-said-to-discuss-allowing-sec-probes-of-mainland-firms-for-first-time.html
Hope none of the DD is fraud!
As a result of the selling, I was able to pick up some cheaper shares today. Still, the selling seems from a volume perspective to be one sided. Guess I'm one of the folks willing to wait a little bit longer :)
GO VPRS!!!
Heavy Selling going on today.... Anyone have a clue as to why??
Hippo, what's it mean?? Getting tight must be good?
Hippo,
Thanks for your read. I do not understand these charts, but see the lower BB so looks like we could go to .056 before we go higher if I understand your analysis.
Agree the selling has been lite... :)
BetterThanBullish?
Not seeing much activity...but I know I can buy all I want at .07, problem is I already did that?? Anyway, plenty for sale if you want to buy...I don't see news yet, anybody have an update?
Go
xcuse me while I kiss the sky...
I bought some more today. I just can;t seem to keep my fingers off the keyboard...Looking forward to next week! WIZ, keep the bubbly chilled. Hedgie, keep up the DD. You all have a great weekend -
Hedgie - Thanks for all your DD. I do hope you are spot on, I just get nervous around all the anti chinese r/m news and commentary going on. No disrespect to you. Keep sharing what you find.
I'm aboard!!! Looking forward to sipping some :)
sounds great - I wanna party!
Thanks Hedge, you know I got some $$$ in here, so don't want to get shut out like the other guys. I think the DD you have done has been helpfult, the tricky part is if your sources are legit or not. Anyway, I'm looking forward to a nice pop in VPRS before its all said and done.
GO!
I hope this doesn't affect us...
http://www.cnbc.com/id/43348678
GOVPRS
10 mil in volume???
Can't get there cause as you said, nobody knows but us about VPRS. Hopefully we will is a PR soon. Good luck to all LONGS!!!
Go
My streaming quotation screen shows lots of shares for sale on the ask. That might keep the price down, but I'm ok with weak hands getting out.
I think the volume shows (as does barchart.com) that something is going to happen next week. But of course this is gut feel, I have no info. Looking forward to some fireworks!!!
barchart says:
http://www.barchart.com/opinions/stocks/VPRS
Looking good, hope to see .10 before EOD today :)
GoVPRS
I'm ready too. It looks like the volume continues to point to "wait and see" and would be nice to have some PR either next week or in my case, the week of Jun6th. Either way, lets hope something happens...
BTW, i looked into th GWAY story. OMG.... Hope we get something like that...
THanks all!
HF, I didn't see a post button, just public reply, did not mean to send to you directly.
I'm not selling here. But want to know how to pull the trigger when I do chose to sell. I have many thousands so not sure how it all works with liquidity hope it goes much higher for all of US!!!
GO
For all you RM and penny stock experts...
What's the strategy for selling? Do you put in a limit order, mark order, do you sell all or sell it in chunks.
I owned the old Cobra Gas back in the day so now not sure how you unload, especially when 10million shares hit the ask.
thanks in advance
GO VPRS
Is there news yet?
buyall,
You and I are in agreement. we are trading here because its VERY RISKY since know one really knows if the biotech or HK motors or whatever these companies are have legit financials. They are Chinese companys...unless you go visit them in person, anything posted on the web maybe worth less the page you print.
I bought a bunch and have been buying more here and there, but two tells I can point out.
1) Volume has dried up. No question that someone like the MM do not want this stock to get ahead of its self.
2) PPS shows no one really believes this is a $5 stock anytime soon.
No idea where this goes, but we do know that the SEC is looking at Chinese reverse mergers and so this being one means whatever they do before they "announce" I hope they make it past the regulators. Then we might see some decent price appreciation.
bullion
A reverse split doesn't change the value of your position, only the # of shares. I don't know if VPRS is a rare find, nor do I know if shares will get to $5 via 100/1 reverse split or from a parabolic rise from .05 to $5, but surely if the later was sure to happen, everyone would be in.
I think VPRS goes nowhere until the financials of the new company are publicly disclosed, then the market will adjust itself based on the usual parameters. Unless of course there is a large naked short position, that usually drives the PPS higher when traders have to find stock that doesn't exist.
Hope we go to 5 the parabolic route, cause my kids need new shoes!
GO!
Hope this isn't us
http://finance.yahoo.com/blogs/daily-ticker/invasion-chinese-reverse-mergers-under-attack-josh-brown-121928402.html;_ylt=A2KJ3CUkq9pNLkYAE.KTmYlQ
Good luck to all longs