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Yes, I know that...just noting that many small orders have been going through lately...
Thanks...yes, forgot about that...though there have been lots of very small trades going through...I did not use AON, as I wanted to see if anything would get filled...none did...
None of them are working for me...guess I'll have to call TDA...what fun!
CC 2.0 shows .006 x .0075 on my watch list, it's the LII screen w/in CC 2.0 that is not working. My ADVN LII is working fine.
Indeed, not even populated today.
Does anyone have orders in at the ask of .007???
In CC, the LII for MLXO (or any pinks) is not even populated.
So, bids at the ask are not getting filled...that's BS...orders at the ask should be filled...that is what the MM's are supposed to do, provide liquidity. Has anyone else placed any 'test' orders at the ask recently? If so, did you get filled?
Which TDA? My TDA was showing .006 x .007 both on Command Center and on my account page.
Mine still shows .006 x .007
Interesting...I just dropped the price on my small order to see if it would get filled..often if you are at the ask and drop your bid, the order will get filled at the original ask...not the case this time...so, we have orders at the ASK not getting filled. It was an AON order, but only for 35K shares....I wanted to gauge how hard, or easy, it was to get shares....seems like its really, really, tight...
I placed a small order yesterday at .007, which is still open, yet I'm not getting filled at the ask...
ETMM .006 x .007 NITE
first trade, 12,800 at .007
Financials are part of being a transparent company. Michelex is not transparent, but hopefully they have a plan in place to become transparent, which includes becoming a fully reporting company. IMHO, becoming transparent/fully reporting will help to maximize share price. I hope that is their plan, but I do not know if it is their plan. Time will tell.
Hedge Fund is more concerned about Pristine profits than MLXO share price. Michelex needs to acquire good businesses and enter into verifiable contracts for services, and while doing that they need to have a transparency/reporting plan in place which they implement. JMHO.
Thanks again, I appreciate the background information.
Thanks for the reply. I assumed it was a buy-and-hold based upon the volume history, but wanted to check.
Curious as to how you play/trade a stock like this which has a low trading volume and a low float. For example, if you made a $1000 purchase at .04 you would have 25K shares. The year-to-date average volume is 17,188. If the price goes up and stays there you could sell off over the course of a couple of days. However, if it just spikes, it might be hard to unload your shares. Would I be correct in assuming that you consider this a long-term play, and thus if you are correct in your assessment of its future value, you believe that the price will hold, and thus you would have numerous days in which to sell?
TIA!
I forgot that the order was for 911 shares.... they obviously wanted to send out the infamous '911' signal...maybe at the ask and they fat fingered or maybe they were hoping to entice others or the MM's to jump on the new price...in the long-run, it won't make a bit of difference...
You could have painted the tape at the end of the day at 0.013 for us... ;)
Hopefully, that will get corrected as I assume that it was a fat finger order that was supposed to be .0073 However, it's so close, maybe the fat lady will sing and the fat fingered purchaser will have to pay...
PS...I can't imagine submitting trades w/out first reviewing them. I know that many (most?) brokerage houses will let you place trades w/out viewing a review page, but I always make sure that I have to view a 'review' page before submitting a trade.
Been that way since 1:00... maybe the person at ETMM is brand new...came over from Air Traffic Control and he decided to take a nap..
.079 bid x .074 ask... screwy..
Same here..two different quotes
...and was not sold by an inside hand...
25Million just went at .003
A pause .0077 x .008
LOL...wonder if the guy w/ the fat finger will get the trade changed to .073
Thanks...
When did they file the Form D and how many shares were involved?
SOS...As in same old bleep...first trade is 2500 shares at .0065 for a whopping purchase of $16.25
etmm .0046 x .0067 csti
interesting....is this an attempt to slow down the rapid price rise??
This is why all investors should attempt to get the management of any stock they invest in to become fully transparent. Of course, mgt. can politely tell you to go pound sand and about the only thing you can do is sell your shares or say your prayers.
Uptick on $4.90 purchase (777 shares at .0063).....
Why the huge selloff???? Or is the buying being done by a group that is gearing up for a new P & D??
Not sure why someone is keeping it up. I would think most longs would want it to trend down so they could pick up more shares. One possibility is that the company/insiders, are making purchases to make the stock look more attractive for potential partners. I don't think that's the case. Another possibility is that it is a long who thinks there's a pot of gold at the end of the rainbow (i.e., news/financials) and they would freak out if the price drops, thus they want to keep it up. Of course, it can only stay at these levels with such small buys because most people are holding. Again, the longer we go w/out news, the more downside pressure. I don't have a problem with that as I think this is a long-term stock. That doesn't mean I won't try to flip on swings, but I want to be invested long term.
Any 'investor group' that is trying to get into MLXO would want to drive down the price so they could get cheapies before they run it back up.
Regarding price predictions, who knows. As this is a pinky, there is always the possibility of dilution. That's just a fact of life in pinky-land. I'm not saying that Michelex' is considering that, and I'm pleasantly surprised that they haven't done so. I'm also quite happy with the financing arrangement that the entered into (i.e., no dilution). But one never knows what is going to happen. And sometimes dilution is a good thing (i.e., getting the price higher in order to qualify for an exchange).
My motto is "Don't trust, Verify". And even then, the company can always dilute. Thus in general, one isn't so much 'investing' in pinkies, as they are gambling. There's a reason the potential rewards are so high, it's because the risks are also very, very high. Right now, I consider the risks worth it in regards to Michelex.
GLTA
IMO, the price is 'artificially high'. By that, I mean that someone is buying small amounts to keep the price from dropping. They can do that because most longs do not want to sell. If we go a few weeks w/out news, I don't think the price will stay at these levels. Short-term flippers will want to sell to free up funds for other plays. Some longs might sell and try to buy back at lower prices. I think most longs would not sell if the price dropped back into the high.004's, but someone does not want to find out, and thus they are making small buys to keep the price up. Why else would someone being making purchases of $29 - $50? I'd rather see the price left alone. If it drops, and you are a long and believe in the company, you buy more.
I believe that you, though it could have been another poster, noted that Michelex does not approve of verbatim postings of personal correspondence. Thus, I changed the wording a bit. In addition, I thought my re-write was easier to read. However, I have received permission to post the actual wording. Here it is:
"This possibility does not even exist, as the Note Holder has nothing to do with Michelex. The conversation is related to shares of Pristine Pharma Corp. and such conversation will not exceed 20 percent of Pristine's shares. No matter what (within the scope of this discussion) Pristine will continue as a subsidiary of Michelex Corp."