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Hey fidelity just tried to cash out my shares.
I had 101 shares before split.
I have them looking into it.
Just an FYI
What are their revenues to date.
I assume they dont have full reporting docs yet but Revs would be nice to know.
Thanks,
I think they may have a whole fad thing going. Who know how far it can go...... like those duct shoes of recent.
Tks,
Robb
It was trading at .03 before the arb oppt so it should do no better than $30
Now Mr. Bill how are we to pay off the national debt here in the US if we dont inflate our way out????
You are messing up all their well played plans......laughing.
Don't forget that OIL is based on US dollar bench mark even the arabs want to decouple it to a basket of curencies.
Yeah this one has me a little concerned.
However the Sarbanes Oxley costs for these morons is going to run about $1million year becuase they are so lazy and hire it all out.
So in this case it may still be a good idea for the split cause mgt can add $1million a year to their book value.
IE this is better for them and yet again screw the shareholders.
Anyway, my count is about 400k shares for buyout. At $10.20 each that is $4.2 million plus fees. Say $5.5 million.
Still a good idea since they cant get that kind of return in their core business.
Morons....everyone thinks you can be an executive and you can quit working.....lol.
Company hasnt gone anywhere in 80 years....not going to go anywhere with their public status.
So as painful as it will be to go to the well to finance the buyout....I truly think in this case it is in the insiders best interest even with a $6 million tag.
But they have behaved as well as doctors and lawyers on their mgt fortitude so who knows.
I have a taste of this one at the $7 level.
I booked out at $4
Just couldnt see any thing higher on air. But momo is everything I guess.
Left some money on table.
My gut said it would get to $7 based on candlestick analysis....but I have learned not get too greedy
That was most profoundly stated Tex.
I just had to tell you that.
They are usually Johnny on the spot.
But there has been no official notice. The other is the transfer agent has to request the shares. My IB shares are still there as well....they usually wait for formal Ex date. dont recall the small print in the filing but there will be no cutt off date as long as they have more than 300 shareholders....they will want to make sure they dont have more than 300 or the whole deal is hosed up.
I have one at Fid and one at IB. Fidelity has confirmed that my shares were requested by transfer agent and have been removed for processing.
FWIW
5000 shares blocks even
Whose buying the blocks.
I mean 3000 shares who would buy it.
Do you think they are running to up to $7-10 to dump some shares??
Who would buy that kind of volume?
They still counting
They have to meet and decide if $6 million cost is worth.
I would say pretty close
Funny Fidelity pulled my shares out Monday....I cant even sell them if I want to...there are not in the account
Buckey congrats on entering the options world.
One thing you need to learn quickly from some of us who have learned the hard way.
Always wait at least one day from a large move in stock price before entering an option.
You have historical and implied volitily components and the you pay on the premium on all options both Calls and Puts regardless of which way the move is.
You will find that you can pick up the option for the same preimum or less the day after the move plus you may get a better move in stock price to get something better than you did today.
Monitoring all the options at close today and watch them tommorrow....its like MAGIC
I still have my CNEX
Debating at what to get out at ...I hear someone got $10 for theirs
No stupid volume this afternoon.
Maybe this will still happen.
It didnt rip either.
Weird....
=)
Hanging man suggest more daily downside.
Looking for $10 myself
Sorry have been responding to questions raise to me.
Didnt know it was your board.....will try to be respectful.
And every one of these is a different animal and not all of them are going to do what the last one did.
The cost of this transacation has at least doubled from what they expected in the first filing..... Why do you think they put out the 'conditional' PR
Not all are guarantees...... We will let time takes it course and see what happens. I hope I am wrong.
Dont forget that there is a large shareholder or two who will want to take advantage of the last bit of liquidity they have to get out.
I still expect a stamped down this afternoon. Maybe only 40k shares but still one way down to $6
Rumor rumor rumor.
It is obvious to even JLN that anyone still holding less than 250 shares intends to be cashed out.
Only a moron would think otherwise and I am sure the transfer agent mentioned that as they were getting the counts to that JLN mgt knows the number they will have to buy to make their final decision.
So some of the reorg depts got a jump on it. My fidelity acct shows a number attached to the shares and not a symbol now. No big deal....doesnt mean anything is a done deal
I agree with you bro.
We need the attorney among us to push that issue.
I have filed repeated complaints but we don't seem to have the standing as someone like yourself.
=)
A ligit company on a ligit exchange and using ligit transfer .....if it is approved and authrized by mgt... shoudnt be any issues with getting done the right way.
I am thinking we could have all waited....some one is going to want to exit tommorrow. We close right at support and traded like someone wants out bad.
We drop support we can go to $6 straight down.
That would be one of the exception.
JLN is a DTC type exchange...so no issues if they deside to go ahead.
I am thinking as long it it costs $5 million or less they will. They are on to save almost $1 million a year.
I am sure fidelity just made a reorg mistake.....the contact from the transfer agent was probably misinterpreted.
Ex date is the ex date. Right.............
Its simple
The company has reached out to brokerages to obtain quantity status of affected parties.
Thus the brokers have a heads up that there are affected shareholders who hold less than 250 shares.
The brokers have flagged the accounts and positions accordingly.
Wasnt that difficult was it??
Laughing
NOT!!!
It was listed as a merger and assigned a number.
JLN
Interesting. Been in it a while from 6.80 ....fidelity shows the shares have been pulled from my account today.
Kinda of odd if they are threatening to pull the deal....they would wait on having the transfer agent do their thing right?
Nah that if you eat the shit then you don't want to swim.
Drinking the coolaid is before bed time.
He has it right
Agreed.
CK was very very specific....shareholders of record only and they had question answer on the filings just in case.
Only an idiot doesnt read the filings.
Buyer be ware
http://www.secinfo.com/ds8aj.t5f.htm
Well there estimated costs are $1 million a year.
So I think they can go up to double their $3 million costs and still see advantage.
Thus 195,000 before the news and now another 100k-200k in arbitragers.....
I dont know....it is probably a 50/50....especially if people are calling the company. that is the kiss of death for these.
LOL.
Guess I will sit tight with what I have.
Not many happy folks out there on RVEN and reverse splits / mergers.
I guess that one is a stay away.
LOL
Nice try at spin.
It is what it is and there isnt any way you can spin it.
None,
But thank you for continuing to prove my point beyond any doubt.
I still havent seen that paypal payment.
Look the more that know about these the less profit for those that do their homework.
Deal......
I will take paypal to robbcarpdm at y hoo.
Thanks appreciate it.
I know that is why it doesnt need to be mentioned again.
For running the profit out of this trade.
No reason for this stock not to be $7.50 a share or lower.
We have folks hyping it now....and the pricing is holding up.
We have worked hard to keep this things quiet. Until the Record date....to keep the legions from jumping all over it.
That is why.
Yeah all the service reps think because they read something it is fact.
They don't know how to think .....kind of like reporters who write articles with grand exagerations that they would have caught themselves if they just pulled a calculator out of the drawer and looked at what the numbers really were they would have known they are wrong to put them out there.
It becomes more about what people want to believe for their convenience than about the truth or fact.
Wow that was really profound......I need to save this somewhere for future reference.....lmao.
That was pretty funny
Wow Mr. Market surprise surprise
Not what I expected at all.
Where is the other shoe?
Laughing,
Glad I took the money....but darn left some on the table as usual.
Crap what happened there.....LOL
Yeah way outside the bollinger bands
Yeah or longer.
It is always worse than they tell us. Somehow they never learn that it best to get it all out early.
Any PR person will tell them this.....but I guess they are too afraid people will panic and problem will cascade before they have more solutions in place.
Funny how that works they create a problem with their solutions and they need more of their solutions to fix that problem.....kinda sounds a like a Microsoft based operating system doesnt.
Heck it is a monopoly why should this be a surprise.