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4 24 78 +41 please, thank you.
PHI please, thank you.
There are many coincidences and many factors at play in almost any situation.
Playing the game in a paranoid fashion is a sure way to consistently lose money.
Shkreli may be an insufferable guy but, he certainly has no influence over how VRX trades.
The forces at play in VRX are massive.
Believe it or not, not every trade that occurs in a security is the result of manipulation.
Sometimes, we perceive conspiracies where no conspiracies exist.
IFNY 1:10 Infinity Energy Resources, Inc. Common Stock
GBSX 1:20 Golden State Business Bank (CA) Common Stock
MXAM 1:1000 MAXAM GOLD CORP Common Stock
Few people appreciate the danger until it hits them. If something can potentially happen to wipe you out, eventually, it will. Still, a dirty underhanded manipulated short squeeze.
I have no sympathy for Sykes and crew but, I also have no love for Shkreli.
Both deserve each other.
GRWC 1:20 Grow Condos, Inc. Common Stock
You're welcome
You have to sell it first. Your broker will be able to facilitate a "worthless security" transaction if you want to take the loss.
GB please, thank you.
2 4 18 22 please, thank you.
2 4 22 +18 please, thank you.
Sure. That scenario is highly unlikely and one would have to be an utter fool to do it. But yes, 30 days before applies too.
The wash sale rule isn't complicated. Just designed to keep people from retaining exposure to a security while claiming a tax loss.
Imo though, it isn't wise to do things purely for tax considerations. If a position is bad and costing you money, the last thing a person should do is try and retain exposure to it.
Sure, if you have no net capital gains to report, and have net capital losses, you can write off $3k against ordinary income.
If you have capital losses exceeding $3k this year, you can take $3k against ordinary income for as many years in the future as it takes to eradicate it.
Only on a net capital gains amount. If you are profitable otherwise in an amount exceeding your MDNT loss, there will be no loss to report.
Wash sale rules only apply if you sell the stock for a loss and buy it back within 30 days.
A loss of $3k can only be claimed against ordinary income. Unlimited losses can be claimed against capital gains.
SPRZ 1:500 Spriza, Inc. Common Stock
PAYD 1:50 Paid, Inc. Common Stock
I'm sure that they pay anyone that they can in restricted stock lol.
Poor guy probably doesn't realize what the value of his stock will be by the time he can trade it.
Still though, he was paid 20 million more shares than what MDNT shareholders received. Which, given Jake's inability to get the stock registered, they still haven't received.
What choice does he have? It isn't like a magical supply of money exists somewhere.
Jake has fleeced shareholders throughout his "executive" career, it would be nice to see him make money in more productive ways at some point in his future. Preferably, so that FONU shareholders can profit.
However, the damage has been done already, the notes exist. Perhaps short term bounce trades will work, for your sake, I hope so.
The notes already exist. If FONU doesn't do something about the AS soon, the toxic lenders will sue en masse.
However, they still have 166 mil to dole out.
Given Jake's reliance on toxic lenders to pay his personal bills, I doubt that he'll double cross them.
Still amazing to me how the IDA allowed Jake to easily pivot to FONU from MDNT.
Could he try the same trick again? Penny stock shells like nice stories and, the Effingham County IDA seems more than willing to help provide a nice story.
IMO, either through ignorance or greed, they are somewhat complicit in the investor losses that have occurred.
Far fewer investors would have lost money without their vocal stamp of approval.
LSDC 1:30 Landstar Development Group, Inc. NEW Common Stock
RXSF 1:200 RX Safes, Inc. Common Stock
It essentially means that an additional 166 million shares can be issued under the existing AS authorization.
But, not much beyond that. He was never able to get those shares registered.
I deeply sympathize with the poster and think that most are missing the real lesson to be learned.
Never pitch a stock to your family and/or friends. It rarely ends well. In this situation, needlessly tragic.
Wow. Trading on margin is often a dangerous proposition. Even more dangerous when accompanied by naïveté and an unshakeable belief in a company's prospects.
Very tempting for novices though. I did it too early on. Thankfully, I learned my lesson without experiencing the pain that I could have.
I genuinely hope that the post is false because, it is tragic if true.
Awful that his son would go from being fine to committing suicide over the span of a few days due to paper $ losses in a stock.
The stock is still up post RS. The only way to incur serious losses was if one purchased it last week.
I doubt that FONU has much cash on hand at the moment.
As far as share issuance goes, yes, that appears to be stopping until measures are taken to either raise the AS or RS. Fine with me if the toxic financiers are unable to convert. It doesn't change the long term trajectory but, it could provide some short term relief.
Thanks.
I haven't used the 2 yet unless I'm looking at the wrong box.
2 4 22 48 please, thank you.
4 22 48 +2 please, thank you.
NE please, thank you.
You must be talking about those running the companies and the toxic financiers. No one else makes any money when the stock price declines on a subpenny OTC stock.
Maybe they get the feeling of being right and that is somewhat satisfying, idk.
One doesn't have to be particularly bright to predict price declines due to the financing structure that virtually guarantees shareholder annihilation over time.
Self fulfilled?
Read the filings, Jake has been quite methodical in disclosing the hundreds of millions of shares printed over the last few months.
Just as was easily anticipated. No one shorts subpennies, the notion is merely a myth.
The mechanics of short selling essentially guarantees that no meaningful short position ever exists on any sub $.10 stock.
Those who have pointed out the facts have been right for well over a year now. Those who have decried the skeptics, have always been wrong.
Perhaps Jake will do something to gum up the printing press drawing the ire of many toxic financiers and thus allowing the stock to possibly rise short term. I doubt it though given that his income is completely dependent on writing fresh convertible debentures.