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It says 1.4M and I know who bought most of it and most of todays volume.
There was no 1.8M share buy that went through yesterday.
Call it want you want theres heavy selling the last 3 days.
When a company calls for a vote and majority approve it then it CANNOT be changed at will it becomes part of the corporate charter it is law. Who's teaching you?
Theres been a large seller for 3 days now.
So if 49% vote against and one person with 51% votes for then what?
? You got me on that one? Please explain if I'm understanding you you're comparing apples to oranges. My question was simple if one man holds 51% of the votes isn't it redundant for the little to guy to think his vote will matter? This thing is already done one man has the say on the outcome.
Is management abstaining from voting as they control over 51% of the votes thus the little shareholder voting is like peeing in the ocean...doesn't add much?
OT:You're a sharp guy companies that don't have assets, money or experienced management are for trading only. Remember the grocery store doesn't take paper profits in exchange.
I got slammed at a decent price yesterday thus I could afford to average up. You know me I hate leaving a buck on the table. LOL
I wonder who and why? :)
Yes but once JB hands over the reigns to the group they have NO loyalty to the old shareholders why should they? They're putting up their cash, assets and time for what to be nice to the old EZTO Otto shareholders? This business is to make money not brownie points...period!
The only way to test it is with buying have you done so? If not I suggest you do and you might be surprised how easy 100,000 and 200,000 share orders are filled. Look at the time of sales it all happened in a few minutes.
Well the first million from .007 to .009 wasn't.
Almost 1M shares traded thus far and the offers have stacked up @ .009 and .01 there seems to be plenty of shares for sale?
Maybe it's a wise trader averaging up from buying a large block from yesterdays dump at lower prices? Buy @ average .0075 sell @ .013 is a healthy profit on 1.5M shares for example?
OT:LMAO I looked at your profile and realized I have socks older then you.
If they knew for "certain" there was going to be "NO" reverse they would have announced the Board of Directors have "passed" a resolution to this effect and further they have resolved any change in management will adopt these measeures as they will form part of the bylaws. "Forsee" is not 100% guarantee thus the market and its price is reflected.
What did the people get that paid off Cornell or was it kindness? You're right..."someone needs to do their homework before making false claims."
OK, you've made a sound investment, in a solid company, debt free with positive cash flow, with highly experienced board members and a tightly held shell based on expectations of "cash" dividends in the near future.
Have a nice day.
Jerry is it taunting when one hears what one wants to hear and opposes any other imput unless it's in favor of their choice or decission? I just happen to know a lot more about the goings on behind the scenes and I've been doing what Jeff's attempting (for his first time) for 30 years now. In the most kindest way I can put it you folks are buying into garbage albeit a potential P$D but theres nothing unique about taking a bunch of PR's story lining the stock and selling off. That's old school BS. You clean up the shell (including consolidating the stock) put in assets and finance. I know it's ho hum but it's the only formula that works LONG TERM!
Er um this shell is more like a Rams team and JB is more like a Byron Leftwich with the Falcons. He was thrown into a job unexpectidly and really doesn't have the experience to play with the Pro's. But I will give him credit to date hes got some boys to loosen up with about $200k, sold his control stock to a new group and he did it all with his gift of gab. To think they could have bought a spotless shell for less money makes me wonder about ther intelligence and/or motive. That silver tooth son of a could sell icecubes to Eskimos. Wait ago JB :)
All in all the stock performed as expected. 30% move on the opening based on high hopes then dismal volume and a 25% loss from the previous high (discounting the 5000 share late session window dressing). Closed heavy on offers and weak on bids. Same old same old. Look for a healthy movement on the next PR announcing the cancellation of shares and a mirrored day like today with a significant retracement when the traders exit.
ALL IN MY HUMBLE OPINION. :)
144M free trading float at cheap prices is huge contrary to popular belief. It still has to trade 100M just to trade the float once...ouch!
NITE has a lot of stock for sale the MM's can see the size on level 3. *sigh*
With 144M free trading shares average price in the mils there will be resistance at every level. LOL Didn't someone say yesterday there were NO cheap shares available?
I hope it hits .05 so your misery will end. :)
LOL Mike you're a funny man. I need to invest in this POS like I need roids. Just remember me when the new group announces the roll back. *wink*
Will it break .026 or burn out?
"then cancel the 62 million shares and warrants held in escrow by our attorney as collateral to secure the repayment." Was this in the recent PR?
"We do not foresee" is a promise?
Your thoughts a year ago today as usual bang on...Posted by: MiMiC
In reply to: SPINEMAN who wrote msg# 49547 Date:10/22/2006 10:02:47 AM
Post #of 61113
I agree and have posted to that effect myself. I also understand the frustration of longs.
On the outside there seems to be some opportunities squandered or at least not realized to the fullest extent. On the inside, I’m sure there are reasons that will become very evident as time goes on.
I do feel the Otto has a REAL plan in place and Jeff is making sure details are done. I have been frustrated myself (no info on Lynx or website), and Jeff understands that. We need to give them time, and I think we all appreciate that we are not wanting to PR things prior to completion.
How do you tighten float without a reversal? A blue chip company is going into this shell? I thought the shell was changing its name to Coastal Capital Acquisition Corp? Doesn't the blue chipper have a name it likes already Tia
In other words you can't answer accuratly you just wanted to offer a wishful opinion. I thought so have a nice day.
What shares do the NEW insiders hold? The idea of a stock buy back is to buy NEW shares out of the market and then cancel them?
You said the reason they were buying shares out of the open market and then cancelling them as a gift to treasury is to tighten the float and increase value? You don't need to be an insider or an ousider to do this as it's a gift kinda like Santa does on Christmas morning. What is a 411?
Tia
How does that increase their share value as they are cancelling the shares they purchase? Are you going to support this cause by cancelling the shares you've purchased to "Increased share value and less of a float."?
So management would use their personal money to cancel the shares thus they would receive what benefit for doing so?
Sounds great a company buying shares back for treasury cancellation. My question is how if there are no revenues or cash in the bank to do so?
I'm thinking about it Spikey you'll know if I am. :)