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It's a 50/50 split!
Isn't every single play a coin toss the night before?
Twas the night before ..........
It is all very simple. I do not know and or understand the great debate here:
CNEX:
400 million A/S
65 million O/S
5 million Float
Very simple people, very simple.
Lets get this right:
Estimated Market Cap
78,000,000 as of May 6, 2008
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cnex
Thats 78 million not 200 million ROFLMAO, all jokes aside I get what your saying.
It may go higher yet it may go lower.
Who knows.
We have lots of ethanol production here in Nebraska!
Lots that is.
I was not asking anything.
I was just stating my two cents.
For all I know you may have sold your shares at $3.50 today.
For this I do not know.
You baseball fans take it too far but then again here in Nebraska when college football season takes stride then I understand it all. Rivalry's here are spectacular but then again college football is all we have basically.
RI, I would hope to know that you do know the difference between A/S and the O/S!
Delaware SOS can only give A/S figures! Thats it! The A/S post split has not been changed has it, hence the only new information today is that the O/S is 65 million and that the Float is 5 million.
I am sure that if you were a pre-split holder as many here are then you would of known or should of known that the A/S is 400 million. Nothing new! That is not the new information given today. That is old. The new information is that the O/S is 65 million yes I know this is confusing but it seems that clarification is needed here as some do not know the difference betweent the two of A/S and O/S. I'm not pointing any fingers I am just saying that the A/S figure and the O/S figure are two numbers in which the A/S is the ceiling in which the O/S can grow to.
Considering that the float is only 5 million shares here, I expect to see volitile trading here as there are not many shares in the public hands!
All of this is just my two cents of course.
Have you not heard of Jakob the Jeweller?
Where else do you buy your rings and fangs!
I guess with the volume today that it is safe to say that many pre-split owners have bailed.
Nice trading guys and girls but ...
I will leave it at that!
I always thought you were a much older gent LOL.
I see your alias and thought, did you read the story about the red sox fan getting into a scrap with the yankee fan where she ended up getting into her car, turning on the keys only to run over the red sox fan.
Mind you they were all drunk! LOL
If this hit $5 then I will eat dirt and podcast it for all LOL!
Something new and nothing old. Who knows!
Until we know what they will be mining and where, this is still a flip trade out there for all.
Until then, expect the market cap to be high and higher than what it should be based on the information we have. Once we know where they have projects, then those shareholders who are close to the properties can hopefully make the drive and advise us all.
The float is tiny ~ 5 million shares ~ that I think we will see volitle trading here.
This is not for the faint at heart.
That is because you drive a 'Segway' LOL
Well if anybody played the R/S play on CNEX and came out with profits.
I say CONGRATULATIONS to you all.
For those watching, I would continue to watch as this stock has a Float of 5 million shares so I expect the volitile trading to continue.
Absolutly correct! Mining companys are usually 5 year plays if they are started upon from stratch.
When and if they get to drilling, and if they find something, these stocks tend to jump on very volitle trading as we have seen today.
They have created a float of 5 million shares. I suppose they figured that the funds they can finance with 5 million shares will take them well into their exploration projects.
Until substansial minerals are found, I would trade this stock for what it is. A flip play!
You will always lose more than you win. It's like trying to fill up your gas tank when you think it reached low, but then the next day it goes lower.
Are you people aware of the difference between A/S and O/S and bottom line FLOAT.
Just my two cents here but what price are you looking for since this is currently at $3 are you expecting more because considering the exchange we are in and past performance of stocks that I have played in, these markets are very volitle hence one day you can be a hero and the next day you can be a bum.
I for one have been here for months and as you and I know that the bid support was weak, VERY WEAK over the past several months with only one MM at a 1.05 while the rest were at .20 cents and below.
If shares where hitting the market today in a irresponsible way then the .20 cents level would of been seen today.
$3 is crazy yet I do believe it is still a tight float that is keep this ship together.
Just my two cents.
It held well into the close as some would suspect that dilution is occuring whether it really is or not.
A float of 5 million is still tiny and hopefully those that were previously reversed are able to get out even or at least with a profit if they choose to do so.
Dilution here must be for the projects they have lined up, we know that the previous shell owners don't have much cash at hand. ROFLMAO! shame! but at least the opportunity is there for those who wish to bail now.
CNEX Share Structure:
400 million : A/S
65,000,000 as of May 1, 2008 : O/S
5,000,000 FLOAT as of May 1, 2008
~I guess the restricted would be approx 60 million shares.
O/S minus Float = Restricted.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cnex
But thats when gamblors turn into gamblers. Wake up in the mornings only to have good earnings and a 40% pop along with it.
Now i'll take my coffee.
Not a bad day afterall for MESA
Yeah you just like the symbol POT for other reasons aside from investing.
Well I guess the CEO of Yahoo will be in the hot seat. Shareholders are fumming today.
Wow that reverse split play has sure paid wonders out for you rheddle. Nice job.
Just kidding, I am just excited because earnings #'s are coming out soon.
Throw a chart out for MESA MESA MESa, Rah Rah Rah!
Nice post BD. We like it raw budy MESA MESA oh baby we like it raw.
Thanks for the options advice BD Ron.
Do they make BLING BLING like JAKOB the jeweler does for JAY-Z and ROC A FELLA clan.
I know somebody that needs some grills
BTW is that the CNBC gal? She sounds like she is a smoker with that very raspy voice.
MESA neext week?
MESA MESA peso peso
What king of bling bling are we talking about here. JAKOB the jeweler is the king of NYC jewerly.
Lay down those spinners here and buy me some gold chains BD RON
Cooper in the house. BD Cooper and BD Ronnie let's pass the pipe around.
Next week.
IPI, POT or MOSAIC what is your best pick here.
I got R/S'd on this one but I do have an interest in R/M plays.
They either workout or they don't.
Looking back appearantly someone sold something for 10.00 bucks here a share.
Lucky I guess but in every pink there is a small lotto ticket waiting. It all depends on what the numbers are here ... is the ticket worth garbage or ding ding ding my lotto ticket is worth something. I'm bidding .20 cents which is way below the current bid price of 1.05 but then again there is no reason to run out and to buy shares at this time either.
I'm patient and patience has paid off before for me.
FRPT and MESA will have a big impact tomorrow IMHO.
YAWN!! I need a 400% play not a measly 30% scalp trade.
MESA is okay. CNEX is tite. VGPR could go higer.
Do you think the stock will hit $5 tomorrow.