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He is getting really antsy. Makes one think news must be coming today or tomorrow.
That is that BIG bidder. He is chasing it a bit harder today. I have been watching him up his bids all morning, get filled a bit, wait, and then get impatient enough to up the bid some more.
I sold to him at .42, because that is about where he stopped chasing it yesterday.
I know, It COULD, but it has been starting to cost me a LOT with the company I INVEST in; and I never know when the details of what SAPX is doing are going to come out.
I understand, Cool.
It's not so much the fast buck, but it is more the uneasy feeling with a company making statements that they take months and months to follow through on. I have been burned most often by companies that do these types of continual promises and delays.
Thus, I tend to play such companies with such antics VERY close to the vest.
I have another stock that is the stock I actually INVEST in, and I have held too much of my capital here for wayyyyy too long waiting for things to come to fruition. My other stock has gone up over 50% while I have had some of its funds sitting here waiting for all these promises. Luckily, I had not moved too many of the funds over here.
I have a core position in SAPX that will give the the benefits of any run whenever it should develop. And, like I said, if it goes back into the .30's, I'll buy back some of those I sold.
Out all but my core at .42.
Might get a chance to get back in lower, might not. However I have a much greener pasture to attend to, that is much, MUCH more dependable that the PROMISES here.
I'll be looking for a lower re-entry in the high .30's
I'm gettin a funny feeling that it is time to sell, even with that big bidder putting in a strong support at .39.
Above all, Gotta save the green!
When the company can only promise that "SOON" good things are coming, you gotta trade it and watch it, and keep a core position until the goods come, because you never know when they might slip a little Mickey in there for you to deal with in the mean time. Those little Micheys can cost you a whole lot of capital, so I guess trading time is here again.
Big bidder still showing up at .39.
I wonder what is up with that?
I was surprised to not see any big settlement trades in extended hours last night.
I suspect you will get the usual response.
"Soon, Very Soon!" Just be patient.
Yes. I'm a bit surprised that the close was not higher (other than the paint).
Hoping for earnings tomorrow - We'll see.
I am very interested to see what extended hours is going to look like tonight and tomorrow morning.
They are starting to chase it a bit.
Well, I guess we know where strong support is, LOL.
Waiting on those financials (and of course, the forever awaited shareholder letter).
However, I am out today, so hope this continues its upward climb. Will check back this evening to see which way this went.
Good luck, everybody!
Best way to do that is to have the stock stop going down.
Maybe we have the ticket for a while here.
I think the flippers will be more solid holders once they are in the green and the stock has some promise of appreciating in price rather than going down every day.
So nice to finally be in the green with this. Looks like we should keep it over this. Sure looking forward to this making $1+ for some VERY nice profits.
Congrats to all those that traded this well and HONESTLY!
Yes, but the shareholder letter is the subject here. In the PR it was stated to be out by the end of LAST week. This letter STILL HAS NOT SURFACED.
THAT is what I have been waiting on for three+ weeks. That is the information that is promised and continually NOT DELIVERED.
Of course it does.
However, you did get the main idea wrong: It is NOT from trade to trade, it is from promise of communication to lack of communication and subsequent share price direction.
Then, and only then, the trades will follow based on a reaction to what the company is doing or NOT doing.
Common sense here. That is what a smart caretaker of one's capital would do. They would NOT sit as a sitting duck hoping your goose will finally arrive to the pond so that you can party and say HOORAY, while the whole time you had a gun focused on your hide, and you just lucked out that the trigger was never pulled. That is just playing the luck game - not a wise way to handle money in my opinion.
Yes Peter is working hard
Yes I was surprised that he FINALLY returned my call, out of the blue. I had not called him for two days. (I had been trying to talk to him for 3 weeks - thus the "WOW!") So, he confirmed that he was not avoiding shareholders.
He IS working hard. He IS expecting positive outcomes. I was very glad to have re-filled so I could take advantage of the run-up. Which I did, TY very much.
Now, it is time to come back to reality lost child.
However, he did not tell me on that call that he was NOT REALLY going to release the shareholder letter by last Fri as stated in the PR they put out. When that letter again did not surface, that tells me they are still NOT READY to fill us in on what they are doing - thus time to be nimble until they do provide information.
"They still expect positive outcomes" does not necessarily mean shareholder value will be above .50. Shareholder value being the operative term here. He does believe there is a much higher book value, but he CANNOT tell me how much of that has been utilized in deals until he releases a public statement telling all shareholders. And the real factor smacking us all in the face is
THEY ARE NOT READY TO TELL THE SHAREHOLDERS for some strange reason.
A wise person would be very cautious when a company finds it necessary to keep such information SECRET for so long while the stock price continues to wane or decrease. No matter how hard they are working, and no matter how much they want to promise nice things are to come, and no matter how many times they say shareholders will be happy, IN THE FUTURE. Such statements are all relative and subjective and really provide no sustantive information at all.
We have no idea how far out IN THE FUTURE that is for shareholder value. AND we have no idea how much of that value has been retained. Something we will only know once the deal details are released.
So, What's your point?
Of course it would be a constant theme with him. That is because it is a constant pattern with the company. Why would pennystocker's theme change if the company persists on this pattern of delays and secrecy?
I said
"also stated that financials would be released by the end if this week in that PR".
End of THIS week would be this Friday.
I think you are probably right. However, Peter has been promising a shareholder letter for three and a half weeks now, even released a PR stating it would be out at the end of last week. With that kind of uncertainty, those PRs are just fuel for the fire for people wanting to short this. Heaven help those long, (including me) if he does not release the financials by Fri, as he also stated that financials would be released by the end if this week in that PR. If financials don't show by Fri -> That will be when we see the 20's again.
Never know, maybe he is purposely pouring fuel on the fire by saying something will come out and not putting it out, so that the shorts will get overconfident again and he can catch them with the flames. Nothing like burning shorts for a company that has had shorts degrading the value of the comapny for the last few months.
Then again, gotta wonder how much more dilution we will see in the share structure part of those long-awaited financials.
Not when they are buying back in the 20's if Peter does not get his rear in gear. They will be praising this exhibition of weakness and continued skepticism about what is happening with the share structure.
Actually, it has been helping us. This is such a gift from Peter. I am now loading back up 8 cents below where I sold. Will have ALL my shares back by this afternoon at a much lower cost basis. If Peter keeps these gifts coming, I will be at free shares before financials are released and then, baby, I don't have to sweat the financials either way.
Thank you Peter.
Not sure what you are getting at. I just said I talked with Peter. Communication can change many things, but I guess you are saying you couldn't figure that out?
My earlier post was remarking that the LACK OF communication from the company was putting the share price at risk and giving manipulators ammunition to do their thing - manipulate lower. In addition, shareholders feeling as if they are being kept out of the loop, is a good reason for one to consider selling and lower their cost basis until something firm is communicated about the company and its situation.
After my conversation, I don't feel like shareholders are being purposefully kept out of the loop. So my position is more firm.
I hope that helps.
WOW! Peter just returned my call! I thought he was beginning to avoid us shareholders, but no.
He is working hard and expecting very positive outcomes. Glad I refilled my cup today. I don't think I'll be trading any for a while.
If no news between now and tomorrow's open, Peter will just give those heavy hitters on EDGX and CINN more ammunition to bring it back down into the 20's again after this nice 10% up move. I might have to consider selling some again, and get ready to buy back lower to lower my cost basis some more.
I'm anxious to see what tomorrow will bring, hopefully news.
Rather, I should say, HOPEFULLY GOOD news, not news of dilution or other issues, LOL
Notice how much CINN and EDGX are on the bid today and yesterday, trying to sit there quietly with a small size while they throw up a big ask every once in a while to scare you down toward the bid, LOL.
I think these are the ones who have been playing the games since we were over $2. They are the ones that have been, up until this time, putting continual pressure on the share price, BUT they are now showing that they are wanting some of those shares back for a change.
I'm very curious to see if they will continue tomorrow or yet again reverse their tactics and put pressure on again. Not sure. I think they will continue to play like this until news is released.
Have to get past .37 with solid volume, and then we go to .60, I do believe.
Sure is jumpy today.
I wonder if they are going to release something after the close or before tomorrow's open???
Over a 10% rise - Very Good
I think you are the one waiting for the 17 or 18, since you are the one who has bought every day. I only add if I had sold on a 7%+ rise, like I added back today after selling on Fri.. This helps to decrease my buy-in price. That spike, and my short position were the only times I have been able to get this dog to spit back a few bucks rather than continually swallow them up every day, LOL.
My avg is getting close to yours, but I am sure you are much lower now with your recent buys.
You would certainly consider that 17 or 18 as a gift. So you can only hope that I am right, correct?
I see what you are saying Chris, However, it DOES seem to have been starting to develop a base in this region. However, IF the parties that are playing the games with the shares price decide it is time to hit it again, I see us going down to the .17 to .18 range.
I do not think that will happen unless Peter decides to continue giving them ammunition with this secrecy. If he finally puts some real numbers out within the next couple days, and IF those numbers have more positives in them than negatives, this base may hold, and we may finally start an upward trend for a while.
Just waiting on the numbers, both in the BJM deal and the share structure, and then waiting for the numbers in the earnings that he promised us by next Thursday. However, I suspect they will NOT provide updated share structure, investors will likely have to find out about it in the earnings report due out.
This is PURE secrecy, IMO. If this were a great deal, the owners of the company would be jumping all over themselves to tell us how great the specifics of the deal are, and they would NOT be waiting for an 8k to give us the information. They would have jumped out with all their praise for the deal in the PR; however, this PR is veiled with shadows of what the deal is, keeping it secret what they really did until they are forced by law to file the 8k and let us shareholders know the specifics. By that time, the favored parties have already bagged all their returns while us shareholders have lost tremendously.
Actually, to me the telling part is this:
In addition, on September 22, 2011, Seven Arts received a notice from NASDAQ stating that the bid price for our common stock was below $1.00 for thirty consecutive days. Seven Arts is otherwise in compliance with NASDAQ listing maintenance standards. Seven Arts will have until March 1, 2012 to maintain a closing bid price of at least $1.00 for ten consecutive trading days for continued listing on NASDAQ. If Seven Arts does not meet that goal by March 1, 2012, it may apply and would expect to obtain a further 180-day extension to meet the trading price requirement of NASDAQ.
What that tells us, is that they meet the capital requirements for NASDQ but the share price is the issue with meeting the requirment. In my experience, if a company meets the market cap, and revenue requirments for listing, but their share price is too low, that sets up a great scenario for the company to do another RS. I am EXTREMELY concerned here with them just giving us a shadow of the information - a shadow of things to come.
That is why this is diving yet again, IMO. For some odd reason, they do NOT want to give us shareholders the specifics of this deal - More times than not, that means very bad news. This veil of secrecy makes it look like this is going to be a very bad deal for our share price, thus people are selling to avoid those consequences. Sure would be nice if Peter would value his shareholders enough to fill us in on the specifics regarding how this deal was done, and what the cost is to shareholders, especially since the deal is CLOSED now.
He promised us information, and still provides nothing.
I am getting very nervous about what that letter to shareholders is going to have in it.
That is what I thought, but when I asked Peter, he seemed surprised that was what shareholders would think. Peter told me that the deal was not going to be based on share price. It is going to be based on pro-forma book value according to him.
I am starting to wonder if he was telling me the truth though, since he refuses to answer the phone any more, and will not give out any more information regarding share structure, or even just allow the current share structure to be verified and updated.
I agree totally Soldier. The share count is something we need to stay on top of from week to week. I am very curious to see whether or not there has been more movement in the OS count. Thank you for trying to get the information.