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The MCCY shares in my eturd account have been replaced already with EFFC shares/marker. However, the EFFC shares have 0 value at the moment, but the share count is the same as before (thank God!).
A few days ago he stated in a message that he will be doubling his position in the next couple of weeks. Well, his message got deleted shortly after it was posted, but some of us read it before it went to oblivion.
In any event, I will be buying EFFC shares too, but not of the same magnitude as heavy hitters like Cassius.
And, if Cassius starts doubling his position you can imagine what is going to happen.
This is the quiet before the storm. The next couple of days will be very interesting!
Trading will comence the same day as the name change, but people will not be able to sell until the brokers get the new EFFC shares from the TA. That takes about 3 business days. Some people may be able to sell their shares after calling their brokers, but this will not happen tomorrow. You will see your MCCY shares replaced with a marker (6 to 8 digit number - I do not remember exactly). Once the marker is replaced with the new ticker symbol you can start trading your shares.
The point is, over the next three days there will be little supply of EFFC shares. With strong buying pressure we will see a short squeeze. How high is high I do not know. Hopefully the company will come up with some great news to create a MOMO. Things get even more interesting if there is a short position. Then the shorties have three business days to cover their short positions.
GLTA!
Peace...
Let the fun begin tomorrow!
Come again?
Is http://otcbb.com/ real?
Go to http://otcbb.com/OtherDailyList/
and then type MCCY in the search box.
What do you get?
You get this http://otcbb.com/asp/dailylist_search.asp?DirectSymbol=MCCY&OTCBB=False
Here:
http://otcbb.com/asp/dailylist_detail.asp?d=12/03/2007&mkt_ctg=NON-OTCBB
The name change is effective tomorrow!
That would be 110.5K shares.
Fair enough, thanks!
There were two large AH trades today:
t 0.0919 406000 OTO 16:09:05
t 0.0919 406000 OTO 16:07:08
IMHO this is the end of it!
Tomorrow!
15:09 12/4/2007 MCCY Media City Corporation Common Stock
Finally!!!!
GLTA!
In the 1st quarter of 2008 EFGO plans to reposition the IFGX division to return it to a B2B sub prime lender and factoring business including invoice discounting. Although IFGX has provided us with great results in its short lifespan as a company broker, new legislation recently came into effect that limits the number of transactions that IFGX would be allowed to execute to a maximum of 2 per year, every other year.
Esprit will also be looking to sell off certain non performing assets such as our www.iefranchise.com portal the www.cashnext.com www.loanconsultant.com and various dormant domain names. Additionally, if the uplisting proceeds as desired, EFGO
will becomes a shell company, and can also be sold to third parties.
It is the intention of EFGO management to use the proceeds from these asset dispositions to buy back shares of EFGO and retire them to treasury.
This is a nice read:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24801907
Is it Dec 4 yet?
Give me a few more trading days to see if this observation establishes a pattern. It may be over after all. We will see on Mon and Tue.
BTW, I pulled out the numbers from here:
http://ih.advfn.com/p.php?pid=trades&btn=s_ok&symbol=PINK:mccy&s_ok=OK&minimise=&java_vm=sun&fp=9.0.20
Have a great weekend everyone!
One interesting thing I noticed just now is the following.
Total volume of buys today is: 342,685 shares
Total volume of sells is: 92,079 shares
The difference is: 250,606 shares
The size of the AH trade is: 249,000 shares.
My guess is that the amount of shares traded AH is close to the difference between net buys and net sells for the day, which is why we have been trading sideways since Oct 18. How long is this going to continue I do not know, but IMHO I expect another approx. 1.4MM shares to be traded AH to explain the last reported amount of the float (which is by 6.4MM shares greater than the previous count).
GLTA!
So, since Oct 18, the total amount of shares that appear as AH trades is close to 5MM. I continue keeping track of these trades.
I agree. I bought 20K 30mins ago.
Who knows. If we trust pinksheets.com, then it is about 6 billion.
The float is huge. You need to be patient. We have been waiting for this bombastic news for months!
IMHO, we should get up to about 0.0005-0.001 by then.
Dec 4-5 or thereabouts.
Fantastic news today!
Way to go Garr!
Here is a list of the AH trades I managed to recover since Oct 18:
I do not have accurate info for some of the days (???).
18-Oct 840 K
19-Oct 220 K
20-Oct 0 K
21-Oct 0 K
22-Oct 0 K
23-Oct 65 K
24-Oct 80 K
25-Oct 300 K
26-Oct 104 K
27-Oct 0 K
28-Oct 0 K
29-Oct 375 K
30-Oct 0 K
31-Oct 340 K
1-Nov 0 K ???
2-Nov 207 K
3-Nov 0 K
4-Nov 0 K
5-Nov 297 K
6-Nov 44 K
7-Nov 0 K ???
8-Nov 0 K
9-Nov 0 K
10-Nov 0 K
11-Nov 0 K
12-Nov 328 K
13-Nov 100 K
14-Nov 0 K ???
15-Nov 75 K
16-Nov 44 K
17-Nov 0 K
18-Nov 0 K
19-Nov 10 K
20-Nov 264 K
21-Nov 161 K
22-Nov 0 K
23-Nov 73 K
24-Nov 0 K
25-Nov 0 K
26-Nov 196 K
27-Nov 333 K
---------------
Total of 4,456MM shares
I guess the "old shareolder" had a BIG chunk of unrestricted shares that flooded the market and increased the float by 6.39MM shares since Sep 19. (BTW, do all AH trades since Sep 19 add up to 6.39MM shares?) My understanding is that MCCY/ECN will buy the remaining 13.975MM shares that are restricted from the "old shareolder" and retire them by Dec 15. This also makes me think that the name change will occur on, or shortly after Dec 14 (Dec 15 is Sat btw).
Once this happens the float will be exactly 49.98% of the total O/S.
t 0.1019 196115 OTO 16:15:10
Thanks a lot, poster!
It all sounds good!
Happy Thanksgiving!
Happy Thanksgiving to all!
(Poster44ny, thanks a lot for the PMs. I will respond on Fri during happy hour).
Happy Thanksgiving everyone! Great times with PRMO ahead of us!
I hope that you are right and I am wrong!
This is it! Great BID support at 0.006. We may really close at 0.007 as I predicted!
25 mins to go!
I agree! Great action in the last 45 mins of trading!
HDSN has the higher bid now at 0.006!
I agree! Great action on L2 today. We may close at 0.007!
NITE on the BID at 0.006!
FRAN is backing off of the ASK, now at 0.0065 along with ETRD and UBSS!
We are not on the early list for today.
http://otcbb.com/asp/dailylist_detail.asp?d=11/21/2007&mkt_ctg=NON-OTCBB
Next update at 4;30ish
I like the action on L2 now!
That is what the MMs are waiting for - another panic sell.
I bought 20K shares at 0.095 a few mins ago when NITE was on the ask at that price, and I notice that this trade does not appear entirely on LII... Hmmm.... I guess the MMs will show it partly as buy and partly as sell.