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Have been buying more TSTA lately. There's a seller in there today - now .18 x .25. I'd like to see someone knock out that .18 bid so I can bid for some around .125.
"The MMs are loading up!!" is my absolute favorite stupid line. I like it even better than "Bashers never bash a bad stock."
LUXR green, what's the amount of the promo again, $1.5mm?
Yeah, but like Lance, I totally screwed it up. Was in way too early and then was a few seconds late trying to add. I think they're taking this one back over 1.00 shortly.
LUXR going to go red/green soon, NITE and ETMM doing the "show of force" with 150,000 bids
Yep, Phil is a star. He and Dan Ward are the reasons why NEIK was going to acquire MAQ Sonar last year. When they left and founded Echotec, that company became the acquisition target instead. Wilson Russell has known Phil for many years.
1. We have a comprehension issue. That statement meant that there would be "dividends" in the sense of a "benefit" to stockholders through the growth of the company, and was never intended to refer to the actual payment of dividends to stockholders.
2. It was an old statement from several years ago. To eliminate further confusion, I have deleted it from the IBox.
Virtually the entire IBox (other than some of the share totals that I updated recently) is obsolete info. Any moderator who has time to update it, feel free.
Apparently whoever writes Penny Dreamers' stuff doesn't know how to read press releases, or doesn't care. There is no point talking about Northstar Network when it is being sold to Empower Technologies.
Anyone who can read will focus on NEIK's sonar business and Echotec. Anyone who can't read will continue mentioning an operating subsidiary that is being divested.
But it seems hard pressed to go to a compaany meeting for shareholders were not given some outlook for the future of thier company
Not relevant. They are selling Northstar Network. Can't we start focusing on substance rather than running up the post count?
Agreed. I just spoke with him a little while ago and he is very upbeat and excited, not only about Echotec but other potential developments.
That is irrelevant now that Northstar Network is being sold to Empower.
No sellers at least.
We lawyers live for hair-splitting :). If you had said "new issue" I would not have said a word.
I'm sure you've seen newbies on penny-stock boards talking about how their stock, which was already trading on the Pinks, was going to have an "IPO" on a major exchange. That's the sort of misunderstanding I was hoping we could avoid here.
No, Hank. Of course, the "I" in IPO stands for "initial." A company that already has shares trading publicly can no longer have an INITIAL public offering. You're referring to a follow-on public offering.
No matter how many question marks and explanation marks you use I still don't get your point.
I don't know the other poster, but I've spoken with Dr. Russell many times on weekends, so it is certainly possible. But the odd things about what that guy posted were that 1- it was 8:00 AM Vancouver time on Saturday, and 2-the poster removed his post.
Here's his email from this morning:
Boy, you take a couple of days off...
Thanks to all those who continue to support my efforts and the many who were worried because I hadn't sent out an email in a couple of days. I was feeling under the weather and took some time to get healthy. You'll find that I do take days off from time to time, but you should not take that as a sign of my disappearance. I am not going anywhere.
LUXR, looks to be my best play of the year as it continues to gain ground in spite of the fact that a major promotion has not yet begun. Subscribers are now up as much as 80% since I first alerted this stock a month ago. This online retailer of designer furniture and fashion continues to interest the market and I can only imagine what will happen once a promotion begins in earnest. Still, profits are profits and I think that larger shareholders should take a little off the table and ride some free stock.
This is the stock I get the most emails about and I'd like you to let me know if you also got on the LUXR gravy train.
Click here to retrieve my alert on LUXR.
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WFAM should have had similar results to LUXR, but unfortunately, the powers that be decided that it was more important to dump stock rather than raise the share price menthodically, and give everybody a chance to cash in. The interest in the company continues to support my position that its business model is sexy and very promotable, but unfortunately, the promotions were suspended on the two occasions that the stock traded well into the .40s and .50s, and insider shares were dumped, enabling the pps to fall back into the teens and destroying credibility to those who bought stock at those higher prices. Although I was dead on when I first predicted a promotion on this stock in this alert, I must say that this was a very poorly handled promotion. The success of last week's promotion, when the share price bottomed out at 10.5 cents, and the subsequent 170% increase, proves that point, and I shudder to think where this would be trading if the effort was better organized and executed.
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GEAR bounced off Thursday afternoon's sell-off, after shares of WSRA, of which GEAR is the majority owner, gained as much as 300% off a one day promotion, that also took place on Thursday. Although GEAR was promoted for only one day last week, I believe that the inevitable major effort that is coming, could produce even better results and I hope that once the awareness program begins, it will be sustained to benefit us long time, lower-priced holders.
Click here to retrieve my initial alert on GEAR.
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Shares of PPBL continue to hover at just under a penny on consistent volume, that indicates accumulation. This is another one where I do not understand the point behind a one day promotion, when it could have traded mucher higher on a little bit of a stronger effort. Was it really the intent of the financers of the promotion to divest themselves of only $50K worth of stock? I don't think so.
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As I previously announced, exciting changes are coming to this service as I continue to expand on the kinds of alerts and services I provide. I continue to be the only stock alert service that maintains an ongoing conversation about the stocks that I alert.
Going into Monday, I hold positions in:
HPSC | PPBL | PSPF | LUXR | PNAM | OVIT
TWDL | CURX | HEMP | GEAR | INHC | FORC
TGTX | DEAC | BISU | SMNG | WLOL
And here's what passes for wisdom from someone with more than 2,400 personmarks:
no they arent the daily trend shows i, it is a light trader but stills most days.
Doesn't mean anything. "Short volume" is not "short interest."
This has been explained in detail by FINRA, and many times elsewhere on IHub. If I put in an order to sell 100,000 shares of NEIK and the order is filled by a MM in several smaller pieces, each of those trades will be reported as "short volume" because my 100,000 shares won't be journaled over (to "cover the MM's short") until the order is completed or the end of the day, whichever comes first.
I would think it depends on how much they needed to clean up from Marchi/Morey mess....which only they would have privy to knowing.
"nobody forgot to prep anything"
Agreed. I didn't say anyone "forgot." But if you're suggesting that the delay is because they have another impending acquisition... it would be great, but it is not possible at this time.
Yeah, you highlighted it, but it makes no sense. NEIK is acquiring 100% of a start-up company. It doesn't matter what the new "market sectors" or opportunities are -- the plan is for them to acquire all of Echotec, and there is no logical reason for changes in the business plan to delay the preparation of a definitive legal document.
However, as I said, the real reason for the delay is innocuous. They just haven't gotten the lawyers to prepare the documents yet.
Nice flurry to take out the .79s and .80s. Maybe "they" (whoever they are) will continue pushing it up a few cents a day for awhile.
That makes no sense, but I wouldn't worry about it. Wilson just hasn't gotten their lawyer to finish the agreement yet.
I think in order for something to be called "great DD," getting the name of the target company correct is a rather basic requirement.
Echotec, not Echostar. Echotec was formed LAST YEAR. It has not been around for 75 years. Don't you guys pay any attention to what you're posting?
Sheesh.
Also, NEIK is OTCBB, not Pinks (although like most OTCBBs they are dually listed).
Uh-oh. You left out
GO AIMH!
I think PENA didn't realize that last week's seller had pulled his .042 sell order (which was part of a larger amount being sold), so they're accidentally short 5,000 and just looking to cover. I'll be surprised if they plan to make a market on an ongoing basis.
Not necessarily. I'm not the seller here, but... for example, when I trade through a certain market maker, he will hold shares (when I'm buying) or sale proceeds (when I'm selling) in his "house account" and journal over to me only once at the end of the day. One commission, plus a little extra for his trouble.
Wrong board for DD.
They have resumed pushing LUXR higher. Promo coming for sure, IMO.
Here's a gem from an IHubber with more than 1,000 membermarks. It certainly makes one wonder about the average IQ here (if one wasn't wondering about that already...). I enjoyed the addled reasoning so much, and the many oopses were bonuses.
As you can now see, dilution does not occur when M&Ms trade opposite to price trend. I don't event think there is a name for that, other then manipulation, which is what it is. But it has nothing to do with dilution, and dilution has nothing to do with price. Mathematically
Understanding Dilution and the OTC, is one of my pet peeves. Because OTC retailers think big boards, when they are on the Bulletin boards. Hardly 1 in a 1000 OTC companies have an EPS to effect. LOL, so dilution can't effect their company value it the first place. Whats the value of no earnings, thus no EPS.
But the value of more cash to a startup is huge! It gives them the ability to attempt to grow. Without the cash it can't. So logic says, the retail herd should be happy about dilution. After all, they want the comapny to grow don't they.
Na, they think: I heard some where dilution is bad. So I hate diltution. When on the OTC, dilution is the best news one can hear. Not only does it give the company a chance at growth. It doesn't effect their EPS value one bit, they have on EPS to effect. Plus every time VCs get there hands on large amounts of shares, they buy a run, we can trade for profits.
So dilution is a win company, win Venture capital firm, win educated pennyland trader, on the OTC. The only negative is on long & strong retail who holds to long, for the wrong reasons. Everyone else is happy as chit about it. LOL
My God indeed! Read this and try to make sense of it. What are "M&Ms" anyway? Must post this on the "Oops" board. Unbelievable.
As you can now see, dilution does not occur when M&Ms trade opposite to price trend. I don't event think there is a name for that, other then manipulation, which is what it is. But it has nothing to do with dilution, and dilution has nothing to do with price. Mathematically
Understanding Dilution and the OTC, is one of my pet peeves. Because OTC retailers think big boards, when they are on the Bulletin boards. Hardly 1 in a 1000 OTC companies have an EPS to effect. LOL, so dilution can't effect their company value it the first place. Whats the value of no earnings, thus no EPS.
But the value of more cash to a startup is huge! It gives them the ability to attempt to grow. Without the cash it can't. So logic says, the retail herd should be happy about dilution. After all, they want the comapny to grow don't they.
Na, they think: I heard some where dilution is bad. So I hate diltution. When on the OTC, dilution is the best news one can hear. Not only does it give the company a chance at growth. It doesn't effect their EPS value one bit, they have on EPS to effect. Plus every time VCs get there hands on large amounts of shares, they buy a run, we can trade for profits.
So dilution is a win company, win Venture capital firm, win educated pennyland trader, on the OTC. The only negative is on long & strong retail who holds to long, for the wrong reasons. Everyone else is happy as chit about it. LOL
Technicaly It should make a run here. Judging by the chart, and with personal penny experince it should. I see alot of people lost alot of money, and its a name of the game, you win some and you lose some. I am chart man, Have done alot of my investment in PENNIES WORLD going by the chart, and not by new's or what the comapny does. I had some good day's and Had some shitty day's too.
Chart is heating up, nice candle thursday close. alot big buy's. I play pennies by reading the chart. So far i have been doing very well. Rumor mail, thats all add's up. By lookin at the chart, i think it is ready for a run, the only run it had was couple of day's ago, but that wasn't that much. As you can see it has been a on dive, and there hasn't been a any kind of huge run's that people can make their money back, i think finally people are averaging down, IMO it is time. And alot of people probley look at pennies chart more then and i do and understand them better then me,
With the pollution market growing, it is just a matter of time for TSTA. Until I bought back over the past couple of weeks, I hadn't owned it since the 1.20s a couple of years ago. With one or two good announcements we could easily be back there in a hurry. Still only 18,554,112 shares out as of the last Q.
It's not going to be a reverse merger. Just a straight acquisition.
Nope. Bad assumption.
A bid for 50,000 shares appeared this morning at .25, which may be one of those institutional holders trying to nibble (although the market maker is ETMM, so it could just be any retail investor with an ETrade account). I just bought a little more in the .27s. With only 18 million shares out, it could move quickly if real buyers are trying to increase their holdings.
Wowowow! I wonder what great accomplishments he thinks entitled him to a bonus of that size.
I've said it before - he is a horrible, horrible CEO. And the stock price (sooner or later, when the temporary pumps wear off) will always reflect that.