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Looks like they haven't covered the 2.5mil shares yet http://shortsqueeze.com/?symbol=AROPQ&submit=Short+Quote%99
We will be green by EOD. IMO. Short Shake 'n bake in the works. Next leg should start soon.
Gap is filled. Profit takers are nearly done. Time to roll higher!
Buying my shares last month while in an Aero store buying a hoddie for my wife may have brought us some good luck :)
This is what I like to see when I come home from work. Keep it rolling please.
Any idea what the next roadblock is? Now that they have funding we wait 2 more months to see if they emerge from bankruptcy?
Imagine what this would do at these levels (dream land haha) -- from the 10k just released
"As of January 30, 2016, we have $104.4 million of repurchase authorization remaining under our share repurchase program (see Note 7 to the Notes to Consolidated Financial Statements for further discussion regarding this program)."
Looks like the one near me is closing, makes sense because that mall has been on the decline, but the outlet store I stepped in last week will stay open (My buy order went thorough while standing it in for good luck, HA). This outlet has high volume even PacSun still has a store there.
I think its possible once they consolidate and get out of BK but if we want to see $1+ again they will need to evolve beyond teen apparel and try and recapture their audience that made them big to begin with and offer adult styles as well. One reason why ANF is still doing well.
Showing strength. It will finish the cup and handle soon.
Thanks. Supported 38 all day. Im locked and loaded.
I have a buy in the 3s hoping for one as well. The level 2 right now looks like this will struggle getting out of the 4s so we have a shot..
I still like their clothes so I am buying some lotto tickets here. Just if anyone from their board is reading this thread, please lose that stupid pocket on your plain tees. No one wants that.
#makeaerogreatagain
If they file Chapter 7 bankruptcy. If they are successful with Chapter 11 and restructure their debt well enough they can make a come back but is a long shot... Will sit by and watch how this ends up.
So I guess wait until the official Chapter 11 is announced and see where it goes. If they do restructure, which sounds like they will in the PRs so far, the stock could recover. Assuming no stock split to adjust price to get back on the NYSE..
Oh the gamble here. I kicked myself for ignoring SIRI when it was down at this pps. Of course this is a much different scenario and has a rumored BK coming. The product on their site does look up to date and last I heard they have put forward plans to get into linens which should be ready to roll out for start of school season Aug 2016. Curious if that is still on schedule... Might have to grab a few this week and shut my computer down for a year and see what happens...
For financials I see nothing newer than Sep 30, 2014. Can you link me?
Im in the same boat... Lets gooo!
I don't either unless a director is trying to cover it up with a 19,140$ stock purchase. http://ih.advfn.com/p.php?pid=nmona&article=68798983
I am in the same boat. Looking at these in my account is an eye soar. Debating on calling my my broker to have them throw them in the incinerator and clear these from my account.
I feel the same way. Grabbed ARO today.
Very nice. Thanks for sharing. I will try and enter this soon but looks like it popped 14.58% in after hours today.
Looks like a 2.5mil share were issued over the past 12 months but for
"On October 31, 2013, the Company acquired 100% of all of the capital stock of the Ding King Training Institute, Inc. (“DKTI”), a California corporation, in exchange for 2,500,000 shares of its common stock."
10-Q
I received an email today in response to me asking the TA about the current share structure.
In response I received the following:
"The current shares outstanding (as of today) is 204,000,000. The current float/DTC position is 24,000,000 shares."
$MLGT -- 24 million float and it has bottomed out here. Expect this to head back to 10 cents soon!
News does tend to be this stocks worst enemy but the float has not changed since this started to drop. Some group of people want this down here to load up. I had a buy order in at the ask yesterday for over 5 minutes with more than enough on the ask to fill it. I didn't get filled until someone bid wacked. No one smart is selling down here. It's all manipulation. The lower they bring this the richer you will be when they let this go because of the amount of shares you can grab at a discounted price. IMHO!
yea, news is not this stocks friend. all of the large down days have come off of news releases. today's was worthless too. it is just fluff. it traded better when no news was being released.
You make a valid point but logic also tells me if I were in business to sell shares I would think starting when the stock price was at .30 would have been a better starting point. There is no sign of that happening. glty
Still paid with money and not shares. So your theory of anyone dumping shares has yet to be proven. glty
Prior to Sept 5th Float 24,000,000
Volume September 5th - 8,826,443
Float 24,000,000 a/o Sep 10, 2013
http://www.otcmarkets.com/stock/MLGT/company-info
The shares are not coming from the company and according to the disclaimer in the promotional emails they were compensated with money and not shares. glty
Third Party Advertising Agency/Advertiser: ESP has been compensated up to five thousand dollars usd from a third party non affiliate for investor communications services on mLight Tech, Inc. (hereafter referred to as "MLGT"). ESP receives this compensation as a production budget for advertising efforts and will retain amounts over and above the cost of production, copy-writing services, mailing and other distribution expenses as a fee for our services. As such, our opinion is neither unbiased nor independent, and you should consider that when evaluating our statements regarding MLGT. When compensation for a production budget for its marketing and advertising efforts are retained, ESP will disclose any future compensation if such compensation occurs. In future, ESP will disclose any and all further and future compensation.
People want to load up down here so they talk about possible dilution to convince people to sell before it's too late. If they wanted to dilute they would have and this would be at a penny or lower. Shorts brought it to this level, they will soon cover and this will spike. I see at minimum 10 cents in the near future.
looks like someone is trying to seriously load up before letting this go. make sure everyone puts in a sell order at your target price now so they are not available to short!
Looks just like a few weeks ago. Copy cat short this time. If you plan on holding this make sure you set your sell order at your target price so they aren't available to them to short.
This is all IMHO.
Agreed, WORL is out for now. We just need to knock out the profit takers and we will roll.
WORL has been off the bid/ask for a bit now. Are they finally done shorting it? We will see when some buying rolls in.
$MLGT -- being shorted.. ready to rebound --
Float 24,000,000 a/o Sep 10, 2013
mLight Tech, Inc. Expects Revenue to Exceed 10 Million in 2014
Little buying pressure and no news so they keep working her down to grab some cheap shares. I am going to average down whenever I see some signs of a bottom. so far i do not.
nice close. tomorrow should be fun.
And there she goes! Nice pinch play here. VELT