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I cannot clarify any of your questions, because it is still a mystery to me. I posted a definition of two criteria on which earnings per share are figured. I have no idea how this applies here.
I can only guess why they company made this decision. They have reduced the number of shares they own, but they have left themselves the option of taking them back, so they have not closed themselves out from what they own.
What advantage it is to have done this, I can only guess. Does this help with the Canadian Exchange listing? Does it help with stock price once sales begin? Other reasons?
As you see, I am only guessing.
Earnings per share: Definition from Answers.com
Companies must report earnings per share on two bases: basic earnings per share which doesn’t count stock options, warrants, and convertible securities, and (fully) diluted earnings per share, which includes those securities.
See also fully diluted earnings per (common) share.
This is the first time I have ever heard of this. Doesn't mean it's never been done before, but I've never heard of it, so I don't know what it means.
I've got some research to do re: preferred and common shares and how preferred shares count in figuring price/earnings ratio. That seems to me like one side of the coin.
The other must be whatever advantage there is to the shareholder to have preferred rather than common shares.
Well, at least the bid and offer are changing.
Nice post, 'maddyandboomer'. It has been a long time for some of us following this company and I, for one, was hoping for real business action from this company by now.
But as I say about projects around the house - take a guess about how long it's going to take to finish it, then double it.
I find that to be a good rule of thumb for me - and have seen it work out with others pulling their work projects together.
The name of the play here is the product and the people working the company, not pumping the stock. Pumping the stock is for day traders - in and out playing the runs.
This is not a day trader play - it's a long term play, and I still think it's going to pay off handsomely. I am happy I am actually in a position where I can wait.
I think the reward will feel very good.
I am a daily reader of this board and seldom poster. But I've got to jump in on this one.
This one is the biggest news, yet, bigger than Bieber, Zimmerman and IPhone.
There is no way to calculate how many people will be touched by this alliance company. They have their own people, but they touch a gazillion more through whom they do business.
Once these two companies work to get the word out to their clients, there's no telling how many users there are going to be.
In a couple of years, we could be talking well into 8 figures.
That's my take.
You're right on both counts. The fully reporting took lots of work and puts us in a position to be a real company.
No sales is also correct, but not forever. Just like your pointing out the bid was .01 and you were right for quite a while, so you can sit here and say no sales for a while.
But that line will also go away.
fran8, very glad to hear from you and appreciate your thoughtful analysis.
I think you are right in your financial assessment about the company's needs going forward. Your scenario holds true if they don't have any sales in the time period you are writing about.
But since the product is finished, I see your assessment as a more conservative one - one that could happen, but not likely.
By that I mean, I think they will have a sale or two or three by the end of the year.
Then nite drops down to .12.
It's like fishing - action show something there - just waiting for a bite.
Then .135 x .34. Looks like someone is experimenting with this. And there are now MM's bidding. Better two than one!
More evidence - ask now down to .35.
Looks like NITE is getting ready to play - inching up the bid and inching down the ask.
Sorry for the delay in responding, Samples. Been away for the holiday weekend.
I guess I'm not as concerned as you are at the selling at .20. That's something that can't be controlled, IMHO. If someone wants to take a small profit instead of a large one, that's his/her free choice in a free market.
But there was trading there, and I wondered if trading were going to continue. It would be good to see where this stock comes out when trading starts.
If it's in the .20's range, it won't stay there long with any news posted by the company.
We are closer than we've ever been, and when it happens, those who sold at .20 will be living with some regrets.
As for the rest of us - PATIENCE still. It is coming.
Probably won't get filled, though.
It does seem to be more active. Even after the bid went to .12, it pretty quickly went to .125. Someone is watching.
Well, the bid is at .20 now. Perhaps you're trying to get those shares you want at .20.
Ordinarily that would be the case, but this stock seems to be behaving differently.
If bid support were necessary for the ask to mean something, the ask would be at about .02. Instead of being at .02, it's been at .19, then .35, then .40, then .41, then .44.
That means something - even though the bid has not gone up commensurate with the ask.
What does it mean?
1. People who hold the stock are valuing it up to at least .44. They will not sell it below that level.
2. Those who might be buying don't yet trust there is a market here for this stock. If they buy, will it hold value? Some of them may be like you who don't trust there is a value here.
There may come a time, though, with the ask going up on very little volume, where people will say I'd better get in now before it goes up even more.
They may say that even without bid support.
There are only 5000 at the ask, not the 8881 that have been there the last couple of days.
So even fewer to go through before we find what's behind this curtain.
The way this thing has been going up, Pathfinder85, I'll bet it's thin up there past .45.
Our patience has paid off before, and somehow I think it's going to come a little quicker from here on.
That's a real good point. The ask keeps going up without buying pressure. Sure will be interesting if any kind of pressure cooker gets going here.
It sure is. The one consistent thing about this stock is -
THE OFFER GOES UP.
You're right. The bid went to .19 last Friday, I believe, and with two full days of trading and into the third, no one has sold.
Selling looks as far away at .19 as it did at .01.
So far we have no way to know how high the bid will have to go for someone to sell.
It could even be above the .44 ask.
I hope so. I'm here watching. The signs have been pointing up.
It is looking good. Some brave MM put the bid at .19 and it's stayed there through almost all of two trading days.
If they're looking for shares, looks like it's a blank there.
Are you technically savvy and understand all they are doing?
Give us a primer.
.19 x .40 - They're bringing the bid/ask closer. Somebody must be getting ready to trade!
Glad to hear that. Even buying now is a good thing - multiples from here.
Hope you got some of the .19's.
I do believe the bid is at .15. We'll see if anyone wants out at that.
That's a good question. I thought we would have .42 after .41, but we got .44 instead. This thing is jumping in bunches.
Have you ever seen anything like it? Ask going up right in front of our eyes.
Now those 1000 shares, that were once sitting there for $190 are now $440.
Any takers? At this rate, that .50 might not be far away.
It is moving in that direction - .19 to .40 and now .41.
That's 1000 shares at $190 to 1000 shares at $400 to 1000 shares at $410.
Price is going up for those who are thinking of getting in!
So, Samples, don't know how far away .50 is - and that would be
$500 for those 1000 shares that were $190!
That's right. Could have bought it at .40, now it costs just a little more to buy this stock.
The 5000 shares one could have bought for $2,000 now costs $2050.
So far it hasn't paid to wait to buy from the offer.
You and me, too! All my friends would get sick of that smile pasted on my face.
Sorry to be talking to myself,
but...
Only 5000 of them. It's down to $2050 to find out what's next.
And now they're gone. The .40's - at least for now. Offer is .41.
I agree with you - as we play 'What's behind the curtain?'. Last time it was from .19 to .40. Even fewer shares there this time.
And that mother board looked so neat and fantastic and complicated, it must be ready to do a mother load of work!
Pretty impressive looking, that's all I can say.
Not today.
It is interesting to watch the ask on this - once more.
There were 15,000 at .40.
Then there were 10,000 there; 5000 had been taken out.
Now someone picked up 1225 and there are 8700 left.
It makes me remember when there were all those shares at .19 and then there were none left.
Then it went to .40.
Could we be seeing the same thing again?
That could turn out to be a pretty smart decision.
Remember all those shares that were there at. 19?
When they were gone, no more shares available until twice the price.
No one's selling. Could be interesting what comes next - after. 40.
.50?