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Hi Frank. Just checking to make sure you're still around. Anything new re: LBMH, in your view?
Orbitstocks is "pretty good"? Are you kidding me?! They wrote this:
"NEIK is acquiring Echostar, for 10 million common shares (restricted for 3 years) and warrants to purchase additional stock at .10 per share! Obviously, NEIK & Echostar, a company that’s been around for 75 years expect the stock price to increase to those levels & higher for those warrants to have any value."
Northstar is not acquiring "Echostar." They have a letter of intent to acquire Echotec, which is a startup that was formed last year. That repeated typo is dumb enough already, but saying that the company has "been around for 75 years" is one of the stupidest errors I've ever seen.
Echotec's principals, INDIVIDUALLY, have many years of experience in the sonar field and it's an exciting potential acquisition for NEIK, but really, who wrote this swill?
That's what passes for doo (sp?) diligence these days?
At least he knew enough to question his own stupidity.
And that's a stock with no bid and an .0001 offer.
Till it gets settled it will be a Few weeks of Conspiricy theories and Educated Wild Ass Guess's
I sold out for a small gain after the large blocks started appearing in the .30s. I wouldn't mind buying back in the high .20s if the opportunity presents itself, or otherwise, as the supply in the .30s starts being chewed through. I keep reminding myself that there are a lot of shares outstanding, so the stock price should move more slowly than they stuff I usually trade.
This quarter was huge, just as they announced it would be LAST quarter! I don't understand why this stock isn't in the .40s or .50s, especially with that growth rate.
Silly me, I thought only lawyers did that.
"Bagholder shall not sell, assign, transfer, encumber, or otherwise dispose of any of his shares of POS so long as the Kool-Aid remains effective."
LUXR - still waiting for the promo and it sold off this morning when Tom McCarthy said something slightly negative, but now red/green
I'm just idly browsing posts while we wait to see if this thing will ever trade. Can you clarify this statement? The prior poster's math looks correct to me, so apparently you have a different objection. TIA.
"$100.00 per share with 610 thousand available. Love you arithmatic. What a crock."
My peeps and I will be buying $GLTV tomorrow!
Not really. I just wanted to try that "cheezy" trick. You know who I mean.
How the hell did you call that
I'm trading a friend's ETrade account the past week or so. Not sure why this is happening, but I've been high bid all alone on a few things and sell orders are being filled elsewhere at my price -- it seems to be happening much more frequently than when I bid through NITE or AUTO with my other accounts.
I seem to remember Lance or someone saying a year or two ago that ETMM was always the last bid or offer left, like other MMs preferred not to deal with them until there was no other choice.
I thought what I meant was clear, but in case it wasn't:
There is nothing special about how market makers conduct their business with regard to Telvue.
"The market makers have no shares. So the first part of this is the fact that there should be no asking price. I really don't think it's such a great idea to try to sell something you do not have."
Market makers generally don't maintain inventory of OTCBB and Pink Sheet stocks. If a MM is not representing an outstanding sell order from a real live human at a time when it gets a buy order routed to it, the MM will routinely sell a few shares short and then go high bid to cover. That's how they operate. Nothing special for Telvue.
lets be patient and see how things unravel
and (same guy)
The charts beckon a riseup to respect the technicals that always happen
Sure they can. This one is still my favorite "float lockdown" (the old term was "corner") of all time:
http://www.nytimes.com/1993/07/11/magazine/the-spectacular-boom-in-andrea-electronics.html?pagewanted=all&src=pm
But I don't think it can be done when there are 475 million shares floating, as there are with USNL.
The float is 475 million (for now). Are you saying that 475 million shares will be held tightly, with no one selling? Hard to believe.
"Who knows what this 1.05 or 1.35 figure is -- it could simply be someone parked off the bid as of Wednesday. It does not mean that is a CURRENT and ACTIVE quote."
That could be (except that AlphaTrade shows the NITE bid as of 3/23, which was Friday). Unlike some other MMs, NITE does not automatically close its quotes at 4:00 every day, so it's possible that they would run away if anyone tried to sell them stock at 1.05. But obviously it doesn't really matter either way. You guys aren't making your investment decisions based on the presence or absence of a bid for $500 worth of stock, whether it is current or not.
BTW thanks for the welcome to the board, but I think you must have me confused with someone else. I didn't recall ever posting on that other board, so I just checked my "Boards Posted On" and CPOW wasn't one of them.
AlphaTrade shows NITE at 1.05 bid as of this moment, last refreshed on Friday.
I'm not sure what you mean by "interesting details about Echo that sound very promising for NEIK's future," because there's not much to know about Echotec. It is a start-up, but Phil Johnson and Dan Ward spent many years with Lockheed Martin Canada working on some cutting edge, hush-hush stuff. Both of them were with MAQ Sonar last year, when NEIK signed an LOI to acquire the company but never consummated the deal.
I don't think it's possible to buy a promotion based on technical analysis. One has to watch Level II to get a feel for what they're doing with it, and even then, the bid/ask can fluctuate.
Understood, and I certainly didn't intend to imply that I had any objection to your posting it here. I've already researched it and it's a classic high-risk, high-reward play. Potential risk is 100% if it's a scam. Potential reward is many hundreds of percent if it's not.
AIVI - clearly the marketplace doesn't believe anything the company is saying. If they are legit, that would make them an exception among the many Chinese OTCBB and Pink Sheet companies that aren't.
"with simple math between the 2.5 million $ in revenues and the 84 million shares of common stock we have the price of the acquisition at 0.03 /share of IDVC !!"
That makes no sense, and I believe you know it. Revenues have little relevance without earnings. Is InterMedia profitable?
No, that company is not "going private." They completed a private placement. That means they sold shares to investors privately. This does not suggest that the company's stock will cease trading publicly.
In fact, it is just the opposite: if there were no public market for the stock, the company would have had difficulty selling new shares privately. Investors in private placements always expect eventual liquidity for their shares.
Daily "short volume" doesn't indicate "short selling." 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 PVHO 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 agree with you that whoever has been selling stock here misread the level of interest among you guys. If they had just turned off the spigot for a few hours, there could have been a pop in the stock price somewhere along the way. Why they haven't done that is a minor mystery.
That still doesn't make this thing a good investment, and I'm still sure that it'll end up in trip zeroes eventually, but for whatever reason they have missed opportunities to let it bounce.
At the moment, it looks like buying interest has completely dried up, so who knows.
Float is defined as outstanding less restricted.
I didn't invent the definition. You can find it with two minutes of research on any legitimate financial website. Here's one:
http://www.investopedia.com/terms/f/float.asp#axzz1pxgTQg5G
OK, you make a decent point regarding my terminology. Allow me to rephrase:
It makes no sense for anyone to tie up capital to short a stock at .002 (anyone who disagrees needs to read the rules on shorting). Therefore, I think we can safely conclude that there is no significant short selling going on here. Maybe there was when the stock was over a dime, the first day or two it traded actively.
However, it makes perfect sense for a company with no cash to be blowing out tens of millions of shares at any price. It doesn't matter what the price is, as long as it is above zero. They have billions more shares that can be sold, and billions more than that that can be issued and sold. Multiply that by .002, or even by .0002, and it starts adding up to real money.
You should look up the definition of "float."
Possible but that's not the main problem here.
From the company, of course (or its principals). How else do you think they would finance their supposedly planned real estate purchases when the balance sheet showed no cash?
Nonsense. There is no way on this earth that you can distinguish between shorting and just massive dilution on the offer, which is what is actually occurring.
Float = outstanding shares less restricted shares. It is the same thing as "tradable shares" which is 475 million.
And the trip to trips continues....
That was a tasty link.
I think I see what you're saying.
Daily "short volume" doesn't indicate "short selling." This has been explained in detail by FINRA, and many times elsewhere on IHub. If I put in an order to sell 10 million shares of USNL and the order is filled by a MM in 25 small pieces, each of those trades will be reported as "short volume" because my 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.
"sometimes you can see an mm on the bid or ask...seen it myself"
I'm not sure what that means. When you see a market maker on the bid or ask, how do you know whether it's the MM itself, making a market to maintain liquidity, or whether he's representing an individual's order?
Here's a hint. Watch Level II closely when someone wipes out the bid or ask. Let's say that NEIK has a posted offer of 50,000 shares at .03 by NITE, and someone hits it. The .03 offer disappears, and for a second NITE's offer goes to .05 for 5,000 shares. Then it becomes .032 for 18,000. That means that NITE's own offer, that it posted just to maintain liquidity, was .05, and the .032 offer reflected an order from an individual that was routed to NITE by the individual's brokerage firm. There is almost always a small lag when one individual's order is replaced by another's, and in between you can see what the MM was bidding or offering on its own behalf.
And if you've never heard of what I wrote in my prior post, it may mean that you've never spoken to a market maker or a professional trader. There's a lot of misinformation on IHub.
As I said, that is NOT TRUE with OTCBB and Pink Sheet stocks, 99% of the time. Ask any market maker. They aim to end every day flat, unless one of their traders is trading for his own account. No MM wants to use up his capital on low-priced and often illiquid penny stocks, or get stuck with something that can drop or be suspended. (There's no way that NEIK is going to be suspended, of course, but it happens often enough on the Pinks and OTCBB with the dicey stock.)