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Dilution, and a joke CEO...
found that on another board (my previous post) how much faith do you guys put into the buyins reports? are they accurate or another pump tool?
CHNW EMAIL FROM COMPANY...
Dear Sir
The stock is being severely shorted and everyone is following the shorts. There is NO DILUTION happening!
See short report we just received. The company will be addressing this shortly.
We need to bring in more volume and nip the shorters!
Regards
fyi: CHNW BUYINS Report: Trigger $.01c
"CASH NOW CORP (CHNW)"
SqueezeTrigger Price: $0.01
Days on Threshold List: 5
Current Price: $0.00
Current Volume: 38935574
"Report Month","10/2006","9/2006","8/2006","7/2006","6/2006","5/2006","4/2006","3/2006","2/2006","1/2006","11/2005","10/2005","9/2005","8/2005","7/2005","6/2005","5/2005","4/2005"
""
"Short Volume (number of shares)","14826974","1873980","2543657","216116","12220","9771","13052","31216","71864","104605","14738","8971","10726","2025","5328","2649","1663","2911"
"Short Dollar Value","57083.8499","4535.0316","27115.3836","9956.4641","289.0030","303.8781","491.4078","1519.5949","4391.6090","5555.5716","1662.7410","1753.3820","4025.0390","1144.8140","4098.8300","3321.0510","1857.9040","4079.1840"
"Monthly SqueezeTrigger Price","0.0039","0.0024","0.0107","0.0461","0.0237","0.0311","0.0377","0.0487","0.0611","0.0531","0.1128","0.1955","0.3753","0.5653","0.7693","1.2537","1.1172","1.4013"
"Price at End of Month","0.003","0.002","0.003","0.030","0.020","0.030","0.040","0.040","0.050","0.060","0.060","","","","","","",""
"Amount Above/Below Avg, Short Price","","","0.000","0.000","0.000","0.020","","0.000","0.000","0.010","0.000","","","","","","",""
"% Above/Below Avg. Short Price","","","1.00000000000000000000","1.00000000000000000000","1.00000000000000000000","0.33333333333333333333","","1.00000000000000000000","1.00000000000000000000","0.83333333333333333333","1.00000000000000000000","","","","","","",""
"Total Number of Short Trades","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0"
"Short Tickets (S)","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0"
"Short Exempt Tickets (E)","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0","0"
"% of Short Exempt Trades","","","","","","","","","","","","","","","","","",""
"Total Short Interest","","2923.0000","","","","","","","","","","","","","","","",""
"Volume Weighted Average Short Price","0.0039","0.0024","0.0107","0.0461","0.0237","0.0311","0.0377","0.0487","0.0611","0.0531","0.1128","0.1955","0.3753","0.5653","0.7693","1.2537","1.1172","1.4013"
"Time Weighted Average Short Price","","","","","","","","","","","","","","","","","",""
"Shares Outstanding","","","","","","","","","","","","","","","","","",""
"% of Shares Outstanding Shorted","","","","","","","","","","","","","","","","","",""
"Float (stock not owned by insiders)","","","","","","","","","","","","","","","","","",""
"% of Float Shorted","","","","","","","","","","","","","","","","","",""
"% Owned by Institutions","","","","","","","","","","","","","","","","","",""
"% Owned by Insiders","","","","","","","","","","","","","","","","","",""
"Total Change in Short Interest","","-76.3200","","","","","","","","","","","","","","","",""
"Days to Cover","","0.0000","","","","","","","","","","","","","","","",""
"Average Daily Volume","","2524196.0000","","","","","","","","","","","","","","","",""
perhaps that is a good idea. Or maybe begin selling now. You shouldnt invest in anything you dont feel comfortable with. I dont think in penny world you will find a stock that doesnt go down before up, unless you are a quick buck artist and dont hold a position.
I was just helping some of my family members balance their IRA's and 401(k) plans, I could recomend some emerging market funds if you want safety and "risk", or a no load fund so you can still trade it.
I am not trying to sound harsh, but watching pink sheet stocks tick by tick will make you sick, and when you complain it brings setiment down on the board, it just isnt for everyone!
R-money
Sorry, that didnt directly answer your question, It was just easier to respond to you, than post a new messge.
Only DD can answer what he meant, but I think he means we have revenue potential and great things in the works per the PR's and the only thing holding us down is the MM's and the seller. Once that garbage is finished, we should begin appreciating in value to where we should be.
Until today, I too suspected a lot of dilution, and it may have been, but I have no doubt today has been MM games and shorting, something is up, and the B/A is all over the place. I think they are driving it down, there was buying at higher levels if they were diluting they wouldnt have pushed it so low, if they could sell shares at a higher price.
I know, this sucks, so much for the .002 support.
I hope its shorts.
hmmmm wonder what keith is doing with this... I left ADNL, and if he is, then I am not following him...
haha, I like the way they have been moving the ask, maybe they are ready to let it go. If they (MM's) were looking for a shake, the drop in volume is a good indicator that strong hands are holding for penny's hopefully the MM's loaded up and we hit a nickel soon!
is uhmmmmmmmmmm bad? lol
random ask UT .002 x .0026
asked dropped, tight spread... you know the ask line-up? is nite lowest? how many are there?
CHNW: I see L2 with .002 x .0024 1x2
Bid-
Nite .002 100
Ask-
Nite .0024 100
Vert .0055 100
Since this is all stocks, I am not sure about the accuracy, is this right?
Thanks wang!! I will tell ya what I can haha.
Where are we at on CHNW, people keep saying dilution, but I really dont think so. Cant seem to piece it together yet though...
Thanks!
Thanks, now hopefully my luck isnt all gone, and we can still rock it with CHNW!!!!!!
Thanks a ton nettles! that stuff means a lot. I am hoping to do this for a year (and get the heck outta banking!) and then the summer before senior go to JP Morgan they have a great sales and trading summer internship I want.
I may not get to post as much, not sure what their policy is about trading while at work.
how is the ballet practicing going? and the markets? CHNW is not too hot right now, but I have faith.
well, I dont have anyone else to share this with, and we are kinda like family here haha. I just got a job as a broker intern with scottrade woooo! I will get to learn all their secrets. Hopefully it will lead to jobs at a big firm. Just dont complain and yell at me when scottrade pisses you off haha!
well they are tightening the spread, but I prefer to raise the bid to meet the ask. but if lowering the ask to the bids gets us moving I guess I will take it...
Will someone slap the ask? if the sellers are gone, we need some buying pressure. Does the ask line-up look like we could plow through with some volume?
thanks and to you as well, we cant be too far away on CHNW IMO!
perfect, thanks, just wanna know how many MMs we gotta get through before we rocket!
could you hit us with a L2 screen my man?
I know the MM's screw with stocks, but has anyone tried contacting the TA? I may try after school if no one else has. I hope it isnt the big D, but at this point...
i agree, if i was shorting this and saw that i had until the 20th of november, i would play games, the MM's assume investors will buy into the nobo list, buying their shorts, and still giving them enough time to cover because as they short it, people will get uneasy and dump, the PR today gave MM's the tools they need to make a killing, I dont see dilution, I see a need to be patient, as we are heading to .03+++
posted in regards to thoughts that yesturday was dilution:
I will address this,
Yesterday's action had nothing to do with major dilution since most were buys.Yes dilution does take place.
Here's what happened at around 1:30 pm and at the mid-day and mostly sideways trading at around .004 there was some profit taking that settled the price..
Then at 2:35 and when the announcement on IMJX that the increase of A/S went to 2.5 billion from 1 billion I announced on that thread for folks to take profit and move into CHNW..At approximatly 2.45 the volume on CHNW took off on 45,981 million shares..At this point there were only around 30 million traded..At 3:15 the charts indicated a sell rec.That took out all profit takers and flippers once again..By 3:30 this was done and the charts once again made a buy rec. and the volume again shot out 39 million shares with moderate buys closed at ..0032,which incendentally was a phony MM ploy to give a false picture.
In closing it was the bailing of IMJX into CHNW to account for the major volume..
It always easy to blame everything related to high volume on dilution,but in the case that is incorrect.
Yes dilution was and always will play a part in any pinky,but in the case,yesterday's was just moving funds from one entity into another.
I recommend this as a strong buy at these levels..
Have a good day
Varok
Thanks, makes sense. I figured it was more along these lines, but when one person says dilution it spreads like wildfire, and then panic selling happens....
the company said no dilution, cash and restricted stock is being used for acquisitions. Are people not believing this? not saying its right or wrong, just trying to understand setiment here.
also over the next year they plan to reduce the o/s 220 million shares (ish) that is what some people feel the float is about...
whats your take on the thought from penny_ta?
"** CHNW killed itself with massive dilution yesterday,
it wont get over that 0.0045 for a WHILE..."
they said no dilution, and todays PR said Cash and restricted stock. Are people saying the company is lying!?
oooh i see, just not talking eh, I get it. too busy cruising around in the Vette? haha. Good things happening here, GLTY!
Welcome ET, you playing here too?!
Well i cant argue gut feeling, and there is something going on, but I definetly think its shorting. I was in ADNL before it got diluted to crap, and I think its different here. Time will tell though. GLTY
that is what im talking about! I just shorts do themselves a favor and cover before nov. 20, I dont want to wait that long, but I am plenty patient.
a few other good things in the PR. NOBO to move towards BB exchange, they feel there was shorting. The deals were financed with Restricted stock, and that is included in the 550 mill o/s. They have institutional financer ready to buy about 225 million shares at the current prices, that is huge, that is what wang estimated the float to be. If anyone has any doubts about this company now, perhaps they should be buying bonds, lol sub penny levels will not last.
a few other good things in the PR. NOBO to move towards BB exchange, they feel there was shorting. The deals were financed with Restricted stock, and that is included in the 550 mill o/s. They have institutional financer ready to buy about 225 million shares at the current prices, that is huge, that is what wang estimated the float to be. If anyone has any doubts about this company now, perhaps they should be buying bonds, lol sub penny levels will not last.
boom bid uptick, lets GOOOOO!
hope so, I think the MM's are playing some games here.
Anyone have a L2 for CHNW? it is kinda gruesome, it deftinetly isnt playing out this morning how I imagined in my mind, looks like a little bit of selling, but there isnt much bid support... if only we moved up as easily.
Good call DD, I had seen that, but sometimes companies say one thing and do another (ADNL Cough Cough) and was just wondering what people were thinking about the trading action today.
Just got back from lunch, this the 1st CHNW shake??? at least the spread is tight.
I hear talks of major dilution anyone have thoughts on this? I mean some is obvious, but we are still talking a small O/S right?