Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think the CDEL order is a flip. After that is gone the L2 will be very thin. How quickly pps climbs on buying volume will completely depend on how many shares the mm's are willing to print. If they don't have the appetite for printing then pps should start to climb a little setting us up for the huge pop when news on the financing hits. And as Hotrod said last night it is really up to us long what we want the price to be at that point :)
CANT has printed nearly 100K @ .03 today. That is at least twice this week they have printed 100K. They cant (no pun intended) print forever.
You need to get a hobby, go help people who are in need, volunteer at the local library or something else that has worth and value. Life as a lot more to offer than just lurking on a penny stock board. Make the most of it :)
I figure that is you playing games or someone trying to get their low order filled. Just another cheap tactic in the dark world of pinks.
1 Freedom Valley Drive
Oaks, PA 19456
+1 610-676-1000
Investors: 800-DIAL-SEI (800-342-5734)
Why don't you call SEI and ask them about it? If you really want to get info then go to the source.
If nothing changes then we open tomorrow with an ask of .03 on a very thin L2
Yep - agree completely VC. Leasing the equipment helps conserve cash. If they go into a lease agreeement you can be sure they already have buyers lined up as well because they will need cash flow to make the lease payments.
I know a lot of you have touted this stock on other boards and then had it lay flat for a long time. This may be the time to start pushing again. You have concrete evidence to show. A little bit of new blood in here could get things moving in the right direction pending the public announcements. JMO
Can't imagine it would be for anything less than the .75 warrants so a dollar may be a good figure. These guys look to make 10X their investment. They might always do that well but that is their goal:)
By the way Billiam I know you are not short that was directed at others.
Billiam - SEI has a portfolio of companies they invest in. They have to report these companies to their investors and the 435B is a pre-requisite for that. As Jay mentioned earlier - if you are short you better think about covering now. It is pretty clear at this point that CTDT is just dotting the I's and crossing the T's before announcing things. I don't think this stock will be in penny land much longer.
What they fail to realize is that we all already know what to expect. If the Q holds anything other than the routine numbers then it will probably put upward pressure on the pps. We all suspect basic boring no change information from this report so it should not cause a panic. Only good news will create movement. IMO
I don't think it is going to happen switch. The only reason stayed down so long is because Hotrod kept it down artificially. Of course Big is still not out but he is working it very slowly so he does not impact price. I also think he won't sell to low.
I don't know placed bids with a limit order above the ask 5 times before they finally move to .03. They printed 100K shares on a 10K ask. I was really hoping I could at least push it to .032. Ran out of powder before I could because they kept up the printing. I was really hoping to put a little pressure on the shorts. Unfortunately could not get enough movement.
I tried to get it above .03. CANT just kept printing shares.
Thanks Jay - Post of the month! (you do need to be careful using logic here though - it gets some people upset)
No idea who is selling. We don't have that many big holders. I know Fitz sold a while back and Big is selling but is doing it slowly. Some of it is shorting (by the way thanks for the clarification Aroque) but clearly a "long" is selling off as well. I know I am adding when I can but I don't hold nearly as many as some others.
Would love to see the squeeze put on them LOL
I understand that but I think they are wrong. Just follow the trading pattern here. At these prices they can only make a limited amount but could lose their shirts. Seems a risky play for such a small opportunity. There are much better options IMO. Thats all I am saying. I just don't get it.
According to the OTC short report 60% of today's volume was shorted. I still don't get the desire to short this stock. I guess some are banking on a late 10Q causing pps to drop significantly. Most here expect a late 10Q and very little new news once it is out. I don't see pps dropping at all. Seems there should be much better short plays out there IMO.
Blog is incorrect concerning debt. CTDT has no debt.
Tabco is the company in RI that has maintained the Magnatek machines under contract.
I have always suspected and still do that Mr. Prentice actually just "removed" LT from the equation while he is finalizing all the negotiations. My guess is that LT tended to both share too much and project his "vision" of what CTDT might be able to do in the future vs. what they actually can do in the short term. I would expect that threatened negotiations and also created potential legal issues. I think we will see LT back but not until the funding is complete and has been announced. JMHO
My last correspondence with LT I asked him if he was out of CTDT - his response:
Indeed:
Please, feel free to make frequent and ongoing contact with Mr. Prentice.
He should be available to respond to all your questions more so than my humble efforts could ever hope to achieve.
Here my friend: 1-805 886 5044
Mr. Prentice runs EVERYTHING now...!
No - LT was told not to have any correspondence with investors. He has stated that and clearly said that all questions should go to Mr. Prentice.
From his PI/DD team not the company.
It should not go into the .02's again unless there is some catalyst IMO. Study the L2 over the last few weeks. The trading range is very slowly moving up. There was one large flipper who was trading in the mid .03's but kept dropping his bid into the .02's. Those shares are mostly gone. There is another large block in the .05's. ATDF has 150K on the bid at .02 and has had it there for quite some time. ATDF also has 135K at an ask of .055 and has for some time. I believe this is one flipper who is offering shares at .05's and looking to pick up 02's to flip again. Very little out there beyond that. I think retail shares are really thin up to the 135K block at .055. Then thin again until this reaches a point where a long is willing to part with some shares. I have no idea where that point is but I am certain it will not be till at least .10 and likely well beyond that. I am actually disappointed because I will have powder next week and would like to add in our current price range. But if we trade between 100K and 200K everyday this week we should be back up to at least mid .05's and possibly much higher. IMO
Bottom line IMO is that the 300K to 400k flipper shares are mostly in the hands of longs now. Only about 150K to 200K left I think. Then it is just MM shares and what kind of games they decide to play.
No the stock does not have nearly enough available float to flip that much. The market is dynamic. What happened a few weeks ago has nothing to do with how we are trading now. You had a large number of shares dumped a few weeks ago. You also had a massive amount of shorting. If you check the otcshort report you will see that most of the shorting is done. Of the shares that were dumped on the market some went to longs and some went of flippers. The trading pattern we have settled into now is a result of: Limited shorting, no longs selling leaving the few hundred thousand shares the flippers have as the shares available on the market. The few longs who have powder to purchase shares are sitting on the bid hoping to take advantage of the low pps. Hence the flippers will sit in the mid .03 range but as the day goes on will move smaller and smaller blocks down till they move a small amount of shares. We will be in this pattern until longs start consistently hitting the ask or new buyers come in putting upward pressure on price or longs start selling. I don't see many longs selling nor do I see any reason for new buyers to come in until more news comes out. So the pattern should remain fairly constant for a few more weeks.
While LT is the one that said margins were in the 500% range the 10K also alluded to a very good margin. If you read the portion of the 10K that list potential competitors you will see that they state the Magnatek process is significantly more effecient. They give numbers but also don't seem shy in stating their competitive advantage.
Many on here keep speculating that some supposed longs are selling. I really don't think that is happening. When several longs got out after the late 10K (at least 1 million shares) then longs picked up a lot of those shares but not all of them. There are 300K to 400K in the hands of flippers. The longs are not selling the flippers are. That is why pps is remaining fairly stable. The flippers are not going to sell at a loss so they set there pps and then dip a little daily to move some. But they will only go so low. The recent 100K at .025 was dowrite who clearly stated he was leaving. If longs were selling pps would continue to fall. As current longs continue to pick up shares the 300K to 400k will dwindle. Once it is cleared out pps will start moving back up slowly unless something happens to cause a major move in one direction or the other. IMO
You obviously mistake me for someone who cares about what you say. Funny you are still here when this is such a bad play. OH - either you made a very bad investment or you are using sleazy manipulation tactics to push price in your favor. How about you post a shot of your position!
Just changed to settings in that forum so you have to request approval to be allowed to enter.
We discussed it. Felt like it would be OK to give everyone a chance. I will have no trouble blocking problem children. It is very easy to do.
No I don't dispute that Q. I believe that either they are severely limited in dollars and personnel and it is impacting their operations or they are simply so confident in what they have that they really don't care about the details right now figuring they will clean things up once they are going. That is what Amazon did and it worked well for them. It could be a little of both.
Invitation: As many of you know Me, Hotrod and Bradlee have been working on another forum for longs to discuss the stock and share information. The forum is setup now and we invite longs to join. As you will see we look at it we can have several threads going discussing different aspects of the stock. We don't have many rules but I will go over them here so you know if you want to take a look or not. First the stock is for longs. No shorters or flippers are allowed if we are aware. The moderators have complete discretion to block users. We will keep a very tight control on things and will not allow, profanity, name calling, bashing etc. The goal is to offer a calm and pleasant atmosphere for people to share information. We don't want to discourage legitimate discussion even if it is concerns over things. For instance a thread discussing the lack of PR or late filing of the biz license is OK but we won't allow it to dissolve into a venting, bashing or name calling session. I hope the board will allow fellow longs to learn and grow and also provide a place to send others who might consider investing to learn about the stock. I will still check-in on this board as will Bradlee (and I suspect Hotrod). The link to the board is: ctdt.freeforums.net/ Please feel free to check it out, join and offer your own ideas and opinions of what we can do to make it better. We want it to belong to everybody. We will probably add a few more moderators as well so if you like the board and are interested please let us know. Good luck to all.
Business license is really not a big deal in the scheme of things. Currently they are not bringing in revenue so it is not needed. I still think they are tight on cash and just simply will delay spending on anything they can until the funding is finalized. A few hundred dollar late fee is not that significant when they are securing 3 million. Of course if it continues once funding is in place that is a totally different issue.
Dowrite has always been very transparent in his actions. I know his "boasting" has irritated people but he has been very straigtforward with everyone. Hope he does well!
I think he actually holds 200K so expect more to go in that pps range. I don't think others will bail yet. He already made his money and was just waiting for news. Feels his money can be used better elsewhere.