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I think you will be fine because this one is not the usual reverse splits. Look at 3 year chart for TIE and you will be fine with this one.
Here is page 2. After every small decline like we have today, the following day is usually big gains. Look at the 1900% , 800%, 100% , 166% gains, and then looks at the previous days before those huge gains. http://www.investorshub.com/boards/quotes.asp?ticker=METP&qm_page=36435&qm_symbol=METP
Here is page 2. After every small decline like we have today, the following day is usually big gains. Look at the 1900% , 800%, 100% gains, and then looks at the previous days before those huge gains.
If amstar stays profitable by Dec. then, you will break even plus, some more because the valuation will change. We will now have 20 mil shares to compute from, rather than the 108mil shares that was giving us a PPS of 0.45. Assuming all factors being equal, you must multiply the 0.45 PPS by 80. So, if the net income stays as they expect it to be, then the PPS should be $36 after the split and after the merger and after the earnings report. This one has 2 of the good features ie, earnings and merger. I have nothing to lose.
You have it wrong my friend. This is not a forward split but a reverse split. Meaning if you now own 80,000 shares, they will become 1,000 shares after the R/S. They are doing this because it is assumed that Amster has around 20mil shares of their privately held stock that will be exchanged at a ratio of 1:1., instead of giving the amster shareholder 80 shares for every 1 share of amstar. Now after the split there will still be about a 4 percent of amstar stock that will not be convertible and will be held by those private individuals under different terms and privately. I personally hate R/S but since I am already in, I cannot get out at a loss but to hope that this reverse plit will be a different one, supported by the earnings of Amster. of course after the R/S and R/M, They will need to move to the big boards in order to survive, since such plits only work out well on places like the Nasdaq, Amex, S&P, or Dow, but not in pinkieland. reverse split stocks in pinkie land get shorted like crazy nomatter how low the float is. If you bought this stock above .04, the best thing to do is to hope for the best and if it doesn't work out, then you can offset your losses here with gains from other stocks and you won't owe the IRS as much IMO. If you sell today and it goes up 200% tomorrow, you will feel miserable. never sell a stock when it's going down becasue it usually triggers some orders that were left to buy when it goes down, thus bringing it up again. Atleast the R/S is 80:1 and is validated by the context of the merger. It is not the usual 10,000:1 splits that are usually done by hopeless companies. This plit we have here is different and is warranted by the merger. I'm OK with this one for now.
Look closely, every decline is usually followed by a huge % increase the following day in this stock. Click in page 2 to see where METP started
http://www.investorshub.com/boards/quotes.asp?ticker=METP&qm_page=12900&qm_symbol=METP
Nice find. We seems to have a green-light now that the big PR might be out tomorrow morning IMO. We should have a nice EOD run and a huge gap-up in the morning IMO.
Not with scottrade. If they patially fill within one day, then they only charge you $7 and the .05% of your capital. The one-time $7 covers all partial fills for the day. If your order goes to the next day on your partials, then, they would charge you another $7 unless you put AON (all or non).
Michael Wayland is the IR officer of the private company (Amster) being acquired by POFG. I personally spoke to him on the phone and confirmed to me that an agreement was signed to for POFG to acquire Amster. Do you want his Phone #?
http://www.investorshub.com/boards/read_msg.asp?message_id=14414180
I bet the PR wil include the share structure IMO. I think the float is way too low because of the ratio of shares Vs % increase and decrease of the PPS activity. It's now moving back up on L2.
Well done. I think you are 100% right on your analysis. You broke down the 1:1 ratio with excellent sources. A float of 10mil shares would make sense because of the most recent stock action eg, when a stock goes up 500% on 4mil shares traded, then the float would indicate somewhere about 10mil float IMO. With all the call we made and emails we wrote to Amstar today, I'd imagine those hundreds of employees in Amster purchasing some for themselves IMO. Then, the shares would start drying up like they did with METP. Happy investing tomorrow.
POFG got rid of the Tilapia subsidiary. In other words, Amster would be POFG's only subsidiary, which is good because there are no other cheap subs in POFG to suck on operating expenses. Look at this PR below. Having Amster as the only sub would be just great. I have heard of investors becoming millionaire by investing in pennyland, now I can see how. I hope I will be one of those millionaires by holding this one for a year or so IMO.
http://biz.yahoo.com/prnews/060929/daf024.html?.v=59
Hey analyzethis. I personally confirmed the merger from Amster. I emailed a few people about my conversation with the IR officer since I am a freebie on Ihub. The IR officer (Mike Wayland) told me that before the approval, the Nevada court must hold a hearing on the fairness of the exchange to make sure that compensation is made in an equitabe manner and the terms and conditions of the merger are fair to all the parties involved. In other words, the signature on the deal makes it more like a done deal, just the allocation of equity among the parties is what needs to be looked at IMO. I am now loaded with POFG just because Amster is a premuim company in this merger. We are in good shape now and hope the valuation to bring the PPS up to $5 IMO. By the way, Amster is a "net Income" operating company, meaning that I will see my $1 pretty soon IMO. What's the float on this stock?
Check out METP moving on reverse merger R/M rumors. not yet confirmed though.
METP. moving on R/M rumors. not confirmed yet though
I like it when the brokers run out of shares to sell.
That's because Etrade did not have enough on their inventory. IMO. With a float of 7mil, I expect the rest of the brokers to run out too by the end of the week. Then, the supply and demand rule would start working in. The retailers missed out and now they have to buy your shares at premuim IMO.
Do you know their number in Arizona. I need to get some confirmation as well as some contact names.
it's now at .05. Can you sell me some more?
Retailers like stocks with a low O/S and low Float like this one. I was trying to get in but it's now at 0.04
Just R/M rumors. Not confirmed yet. But I hear the float is only 7mil. Which could easily dry up shares and move on the fundamental basis of supply and demand IMO.
Only 900K traded and METP is already up 98%. Can you imagine what would happen on a 2mil volume? Did someone say the float is 12mil shares?
METP moving. reverse merger rumors, though not confirmed
METP moving due to R/M rumors
I agree.
I called. I talked to some lady who directed me to some guy's voicemail. Looks like no one is willing to deny or admit any the acquisition. Probably due to fear of liability for insider information. but who knows. I found an answer as to why they have to get a court decision. The SEC prefers acquisitions to be looked at by the courts. Here's why . http://www.sec.gov/interps/legal/slbcf3.txt
It kinda looks genuine. If so, then you guys might be sitting on a goldmine
Thanks. I will call in a few.
Makes sense to me. Thanks
Do you know whether the 43mil shares are still restricted? Even if there was no R/M, the float looks pretty good, assuming the 43mil shares are still restricted.
Can you post the phone number so I can call myself Monday morning? What's the name of the guy you spoke with in the accounting Dept?
You know what happens to people who insult others while trading? Pride is the worst thing that can happen to an investor. If you make money, keep it to yourself and not go around telling everyone how much you've made or what's going to happen in a few days. You never know what tomorrow holds for you.
Watch for monday's trading.
I believe it will go up for a few days. Then the impatient ones will move on to other stocks until a court decisions comes out in a months time.
That's because investors sold their other positions to get into this one. They cannot sell this stock until after 3 days when the funds should been settled. If they sell before settlement date, it would be considered "free riding" which is a SEC violation.
Acquisitions and reverse mergers have always been good IMO. But let me ask you a question? Why does the courts have to approve this one, rather than the SEC, which normally analyzes such acquisitions. It looks to me like the SEC said No, and that's why they are going to court. Why would they go to court if there is a regulatory body that monitors such acquisitions? IMO beware until you get confirmation from the company being acquired.
It might run with the hype. The MMs like getting involved in hypes because some investors buy at the hight of it and some sell at the higher levels while a stock is getting shorted, Leaving angry traders stuck with expensive shares with no hope of them getting their money back. MMs make money from the spreads between bid and ask prices, plus shorting a stock that has been hyped without any back-up to make it go up again. Tell me something. Assume you had this stock before it hit the 500% gains, would you sell on Monday or wait (knowing all that you know by now)?
The PR mentioned 2004.They can be held against it.
Edgar (SEC website) reports different numberrs for 2004 whan amster was a reporting company.
also http://www.mergent.com/publish/uploadedFiles/AMSTAR%5B2%5D.PDF#search='amstar%20international'
POFG is a pinksheet stock for your information. Closing of the transaction is anticipated within the next thirty days and is subject to the conducting of a Fairness Hearing by a court of law in Nevada, its state of origin. Pofg has no other operations for now, in other words it looks like a holding company. Amstar will be its only operating company in its portfolio. The acquisition (Since there is no name change) or (Suppossed R/M in form over substance). Since the numbers from most of the DD done on this board do not addup with the ones on the PR, do you think that the court will approve the Acquisition?