Unless volume picks up, it won't matter how many they have left to sell at 0.005.

Green's nice - ya I could go for green. eom

Ahhh well! If you see a scruffy character at the intersection with a cardboard sign that reads: "Will Work for Boat Parts", that'l be me.

Any chance of getting that PR that was scheduled for this week?

I can't understand why trading dropped to nil so quickly.

Trading seems a little slow.

I'm not sure "gobbled" is the right word. "Nibbled" seems more appropriate. LOL

Thanks Fringe,

I'm always eager to learn more and thus far most of the posters here have demonstrated to me that they have some additional knowledge I could use.

As to Telynx, I am currently holding a couple mil and have no additional funds to spare on more. Thus I am in "hold" mode. I am extremely curious as to the potential of this stock but realize that answer doesn't exist. I doubt that sufficient information is available to even calculate a reasonable guess. In the not too distant past, prices in the 0.05 to 0.10 were obtained. I would hope to return to those levels and would be extremely happy. Any higher than that as an expectation I file under fantasy. Might happen but I'm not going to hold my breath.

I am curious as to their product. Is it new? Is it marketable? and so on. For that I'll just have to wait.

Thanks again for your reply, I'll try not to bug anyone too much. Have a great evening.

Cabo Sailor

I won't pretend knowledge I don't have (yet) but your response of market depth and the L2 screen shot (thanks by the by) I take to mean the following:

There are only two on the bid at 0.006 before the next in line is on the bid at 0.004. Therefore it would not take too many sales before there were sufficient shares bought by the MM's at 0.006 and they would let the chap at 0.004 take a crack. And apparently someone or entity was silly enough to sell some at that price.

Is that it in a nutshell??

0.004 !!! Somebody tell the nasty people to stop scaring me!!!

Dang, that's got to be MM's playing head games.

They do seem to be rather predictable. It seems like every afternoon about this time they do the same thing.

Fringe - thanks for the L2 screenshots. eom

Looks like they are willing to sell shares but not buy, except at a ridiculously low price. If it continues like that we might be pushing pennyland by end of day, IMO.

MCB, I have some trouble with the OS and Float as well. I hold 2.23 million shares. That would give me over 10% of the float!!! Still, like Dig, I have a pretty low cost basis. Mine is 0.003 so I'm grinning pretty good too. LOL

Nice - looks like they posted one last buy of 1000 shares to let us close at 0.006 instead of 0.004.

Well Strider - at least 9 out of 10 voices in her head agree that she was right. LOL

I think I see what you mean. They have been updating by filing reports that were past due. Thanks to both of you.

I've been unable to locate any updated filings. Do they exist yet or has it just been stated that they will be updated soon? In fact, I've been unable to locate anything recent, i.e, last few months, pertaining to Telynx.

I originally picked up about 2.2 million shares hoping that it would get back to around 0.04. I've still got the shares and am beginning to think there might be some hope of hitting my target.

I'm surprised that there is this much activity without some kind of announcement or PR. Are they still even in the same business?

So wassup??

It would seem that someone knows something but I've not been able to find any news. I'm still sitting on a bunch of shares that I thought I'd never be able to get rid of.

I think Strider's original question is still pertinent even though you don't consider the "better" question.

There can be absolutely no doubt that you are the poster child for fanaticism. It is only natural for us to be curious as to the root of that fanaticism.

Only on this board could so many people spend so much time and energy discussing a PR with so little substance. LOL

IMO the PR simply informed us of what they are trying to do. Nothing is complete, nothing is certain. It's now back to waiting with perhaps, just perhaps some glimmer of hope to recover a bit of the money that is currently lost. And with no idea of when that might occur.

Today's volume 225 million. eom

It's not as though the total number of shares are all that huge, it just seems unusual compared to the more recent 2-3 million share days. I also saw a post today on CBS where someone said that his GTC sell order was cancelled by the brokers. IMO something seems to be happening but for good or ill I have no idea. On the other hand, I don't see how my/our positions can get much worse. Perhaps we'll learn soon.

Hmm, 22 million shares in the first 13 seconds of trading. I really wonder what's going on, if anything.

Almost 76 Million shares traded!?!?!?!

No, I have 61 million shares and my wife has 40 million, and we haven't sold any. As to declaring them worthless, no we have not done that either. As I mentioned earlier, having them declared worthless right now limits my options. Although it is an extreme longshot, something might happen before the end of the year and recoup at least a tiny bit of what I payed versus zilch. If not, then I can worry about them having declared worthless.

Lucky, I will need to write off about $40k. Right now I have about 18K in profits to cancel but that will still leave many years of write-off. But like I said, there will be time enough yet this year to worry about tax write-offs, meanwhile I'll just watch and wait.

IMO you're being a bit premature. The few people that were able to sell at "market" recieved virtually nothing for their shares so it is not as if they had anything to reinvest elsewhere. True, they now have a write-off but since the tax year doesn't end until Dec. 31 it is not a very useful thing at the moment. On the other hand, the company (TMM) still exists and even trades a tiny bit. IMHO there is still a longshot that something could happen that would at least generate a bid/ask. Even then, I would not expect to recover more than say 10% of my money but hey! that's better than nothing.

Ohh woopy! This place has turned into a RB clone.

Here is an interesting link that may become applicable here.

http://www.crimes-of-persuasion.com/Victims/theft_loss_deduction.htm

Whatsa matter Fisty? Not enough people to annoy on RB?

Neal, stay strong. I quit about 13 years ago. I still have an occasional yen for a pipe or a cigar but cigs are now a definite yeuch!

It is worth it, 4 years ago I had cardiac bypass surgery. If I had still been smoking it would have really extended my recovery time. As it was they were able to do the slice and dice on a Weds. and on Sat night I was home. Even then, when I had around 8 years of no smoke, they still had a bit of trouble getting me off the ventilator.

The being able to smell part has its good sides too. With you being able to smell better food should also taste better and you will be able to appreciate more subtle flavors.

I too did not recieve either DVD or T-Shirt since I felt that they were a waste of time and did not order either. On the other hand, my in-laws, who do not post on any board, did recieve the DVD. They have since given it to me, but I still have not bothered to watch it.

And what do you call the situation we are now in?? The hug of death???

Personally, I prefer 21 or video poker. That is, when I'm not playing with pinksheets. LOL

While I might not have phrased it in quite the same manner, the previous posters are essentially giving it to you straight. I would add the following:

1) Pinks and penny stocks are not for the faint of heart or people that are risk averse. They are just about as risky as you can get, with the possible exception of commodity trading. Q is exceptionally risky even among the pinks.

2) If your friend is dead set on putting some money into this, be sure she understands that the probability of losing it all is very good. Essentially, the person is placing a $1,200 bet. If they can't accept this, or if the loss would have a significant impact, they should avoid.

3) Reliable DD on a pink is virtually impossible. They are not required to file any reports with the SEC and shareholders have no real control. Information put out in PR's, especially forward looking PR's, is often in error or exaggerated.

4) There is frequently manipulation of the stock price by either insiders or the market makers. Some of this is legal but the practice has all shades of grey up to and including black.

5) If one is wondering why anyone would put money into one of these stocks, the answer is reward. Some of us just like to gamble and although the risks are high it is possible to make tremendous profits. Gains in excess of 500%, 1,000% or higher are possible.

IMO microcaps are not a good place to learn about investing since there is very little true investing here. Its basically one large crap shoot.

Good luck to you and your friend.

Mr G - You should be able to just start reading anywhere you like. It's been the same old re-hash over and over.

Looks like bad_pork aka karzoid fistula aka one_iota has decided that there are not enough people to annoy on RB and has expanded his/her horizons to IHUB. Of course, JMO.

I don't have to. You say it often enough for everyone.

Over and over and over and over.......

In the world of pink sheet stocks - those who continuously post negative information/opinions will invariably be correct more often than not. This is simply due to the nature of the beast otherwise they would not be pinks.

Someone who can "predict" the fall of loaded dice does not particularly impress me. Of course, it doesn't matter whether I am impressed or not since no message board is a reliable source of info. Rather, they appear to be primarily social outlets for those that enjoy such things.

GLTA