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.
We can certainly agree on that.
speak for yourselves. I don't lie, cheat, or beg for what I got... if a company that I've invested in lies, cheats, or steals, well... that's just poor judgement on my part but hardly something I'm going to jail over. You get it? I'm good like that.
Well since we're asking pointed questions that lead to predetermined answer: if divulging wrong doing is NOT an operational requirement, name me one operation (con operation or valid operation) that divulges wrong doing.
IMO its' not wise to P in FINRA's cheerios.
I think FINRA is just trying to keep things under wraps while they figure out what exactly without a doubt is wrong and what is exactly without a doubt right... because it's possible that what at first appeared to be wrong with MIKP may, (with the inclusion of further evidence), be all right after all and vice versa. In the meantime of FINRA making their determinations and coming to their conclusions, they will remain quiet because, I don't think FINRA is in the business of affecting share price.
FINRA/SEC definitions result in their lawful determinations. Technically, the publicly traded company that types in the 'market value' of the company's most recent report is legally responsible for defining and so determining what the 'market value' actually is. FINRA/SEC will not prevent an individual investor from trading simply because they've miscalculated the market value for a company. However, FINRA/SEC has the legal right to halt trading of a publicly traded company if FINRA/SEC has DETERMINED that the company reported an UNfair market value, (by FINRA/SEC DEFINITION of "market value').
FINRA/SEC is the LAW! Like it or not! All companies publicly traded on any United States platform both foreign and domestic are subject to the definitions and determinations of FINRA/SEC! Any company who does not comply with the rules of FINRA/SEC or who grotesquely misinterprets FINRA/SEC definitions is subject to FINRA/SEC determinations which could result in delisting of the company or worse... So, although the INDIVIDUAL INVESTOR is at liberty to define whatever he/she wants in any manner he/she chooses, LEGALLY, the only definitions of consequence are the definitions created and used (by FINRA/SEC) to DETERMINE whether or not any publicly traded company is lawful/unlawful in it's material representations/misrepresentations of itself, (the publicly traded company). Bottom line, FINRA/SEC is the law and it's definitions result in it's determinations. So, one should ALWAYS strictly adhere to FINRA/SEC definitions, (whether one is a publicly traded company or an individual investor... If one is an individual investor, one should ask themselves, "Is this company, by FINRA/SEC determination/definition operating legally?" BEFORE you invest. If one is asking oneself this question AFTER one has already invested in a company then they've risked too much too soon and may be too late to make good on their investment...
ADAMANTLY YES!!! For companies within it's jurisdiction, FINRA ultimately determines 'market value' by definition.
slojab, your misleading statements about FINRA and this company which you present as fact should be construed as illegal.
The definition of "market value" that I gave you came directly from FINRA's website. Check the link for accuracy.
In my mind, I firmly believe that IF FINRA/SEC finds something detrimentally illegal going on with this company, that I will have a right to file a lawsuit against them for a certain percentage of the company's liquidated assets which, as of a few weeks ago, have now increased by about $400 million dollars... so... I'm even more comfortable with my investment now than I was a year ago that's for sure.
FINRA DEFINES 'Market Value' as:
http://www.finra.org/web/groups/industry/@ip/@reg/@rules/documents/industry/p122203.pdf
In my book, when FINRA defines anything within their jurisdiction, their FINRA definitions should always be construed as their basis for 'determining' what is lawful/unlawful.
Thank you for the opportunity to share this information with you and anyone else who happens upon it.
lol happy waiting all :)
The trick is determining what is "fact" and what is a matter of "opinion".
In your mind yes.
Forgetting how "market value" of a share price is actually determined by FINRA and separately determined uniquely by an investor is a VERY bad idea. Further, your question which follows your bad idea, will result in a matter of opinion from a personal investors' perspective, (specifically, from my own perspective), which I am unwilling to share with you since you presented so many negatives. So, for a positive solution, please answer your own question.
What YOU believe will or will not occur with your stock in the future, (whether it's realistic or not), is MOST important BECAUSE what YOU believe will ultimately determine how and when YOU will trade your stock.
I will agree to disagree with you since you are referring to a small segment of a larger conversation which has much to do with the MIKP, and the 'emotional' aspects of trading on the stock market, *especially the grey market.
From an investors definition of Market Value: Usually a stock has to trade as usual, (no halts in trading such as those that occur from a R/S), for about 30 days for a market value to be determined. Here's an article that talks a bit about market value from an investor's perspective.
http://smallbusiness.chron.com/read-stock-market-value-1021.html
***How the SEC/FINRA determines the market value of a stocks' share price is on their website at
http://www.finra.org/web/groups/industry/@ip/@reg/@rules/documents/industry/p122203.pdf
What's most important is, what do YOU believe FINRA will do in the next two weeks?
Market Value of EVXAD shares has not been determined. I believe, (although I could be wrong), that once FINRA issues a new ticker symbol for the company and the company resumes trading as usual, that the actual Market Value of these shares will around that time be determined by whatever price the company's investors are willing to sell their shares for.
With such an emotionally charged atmosphere of both unrealistic optimism and unrealistic pessimism due to MIKP's "grey market" status, you're gonna' find it difficult to sell your shares in the company, *especially by offering them up for sale via this message board. I suggest you hold on to your shares and simply keep a positive yet, realistic outlook for the future.
In a world of infinite possibilities, which possibility would you prefer to dwell on? The most realistic and likely? So, although all the scenarios both good and bad are possible, the one scenario that is most likely is the one I share and dwell on first and foremost, (with other likely possibilities to follow *not lead). So, It happens that the scenario I believe is IMO the most realistic and is IMO also a positive one so, as a matter of fact, I will remain optimistic about this stock. IF/WHEN some substantial and factual information, (that's not already been shared), is revealed, I'll change my beliefs accordingly and be grateful for the opportunity to do so.
My best advice to all of you which is a useful fact of life:
DONT PANIC
*and never make any life altering decisions on an empty stomach.
There's no 'worse' because we've experienced the 'worse' already, what's left for us now is 'better'... and it's either better that the company be reinstated to pinks by FINRA or better that the company be sold share for share. Either way is better than the worse we've already experienced. :) So cheer up. We'll get there when we get there with plenty of time for bathroom breaks. lol.
lawfully, some things are certain. As for 'nothing', 'nothing' is a philosophical concept which negates itself the moment one says, 'nothing' because at the moment 'nothing' is said, 'nothing' becomes 'something' that was said so... There's no such thing as 'nothing'.
...And we're not gonna' lose out, (at least I'm not anyway because I intend to hang in there patiently waiting, (like waiting for the waves to roll in while ignoring all the useless speculation in the line up). In part because I'm a very big fan of George R.R. Martin; especially his work in the... do d do d do d do d dooooooo! twilight zone... where many of us seem to be at the moment... lol
According to Marks' last public announcement regarding the FINRA transaction, either one of two things will happen over the next three months or sooner: Finra will reinstate MIKP to the 'pinks' OR MIKP will sell the company share for share to another company that is already trading on the 'pinks', (offerS are on the table). Either way, Mark is clearly demonstrating his gratitude, loyalty, and commitment to the company's shareholders.
normally, slojab, I would agree with you about the stock price being lower by the time it's available to buy and sell again but, with this company I don't, (at the least, I won't be selling out for anything less than what I initially invested plus 50%). Here's why: this company has finally reduced its o/s, found an accomplished team of board members, and merged with the right company to finally and potentially produce revenues with it's proprietary technology; revenues that the company could not consistently hope to produce before a few months ago, (by cleaning up after oil spills and leasing out it's equipment to gold miners).
I don't believe the lack of stock order visibility and order execution is entirely a bad situation for our stock price either... I believe once the 'ball comes back into play', we're gonna' seriously go for it with a lot of pent up enthusiasm which should drive the price up... since our team is already on the winning side as far as operations and products and goals are concerned.
I place an order daily to sell a very small percentage of my shares at .0003 merely to test the market 'waters'... but, no one bought at .0003... it's very interesting that you attempted to purchase at that price yet, no purchase was actually executed. I can only speculate that many orders to both buy and sell are being placed without visibility AND execution... What do you think all?
thanks for the morning laugh :D
Yup. Me too. I pop in to check on the hula hoop scoop every once in awhile and I gotta' say it gets really funny haha in here with everyone. I've been thinking once Mark finishes up with the other movies he's currently working on, another great movie idea under 'comedy' could feature all the likes of us, trying to make it big with some little known penny stock...
communicating on some message board...
maybe we win it...
maybe we lose it...
maybe we don't care either way...
maybe one of us is always optimistic...
maybe one of us is always pessimistic...
Maybe Mark, the ceo slept with the finra guys daughter and oops...
maybe some desperate investor gets mad and stalks mark for a little suspense/action you know... desperate times call for desperate measures... lol anyway, lets not get carried away with that one... I was just entertaining myself with my vivid imagination and thought I'd share it with all of you. :) Have a fantastic day everyone!!!!!!! toodle loo :D
let's stay positive and visualize the best possible outcome together... initially, our decision to invest in this company was based on all good premises and conclusions and that hasn't changed despite the rocky road which I believe we all anticipated; A rocky road which is now fast approaching a transition to a much smoother road in the near future. Let's just hang on and keep confident in our decisions.
i love dreams and that was a good fun one. thanks for sharing, i had an awesome visual from your description... what you visualize you materialize.
For what it's worth, I'm still in it to win it with mikp, a company that I'm sure is working diligently to do the right thing and clean up and clarify this little mess nicely for all of us and themselves included.
thanks for the 12/05 update Mike. I just read it.
according to my research thus far, that O/S estimate is incorrect.
Shares Outstanding 364,671,890 a/o Jun 15, 2011
Float 154,665,766 a/o Jun 15, 2011
Authorized Shares 1,000,000,000 a/o June 15, 2011
so as of march 2011 there were 1 billion shares of mikp offered.
as of today, around 650 million were sold.
the shares outstanding are roughly 350 million.
if we multiply the current rough average market price for the stock (.0004) by the 650 million shares already sold, we get a company worth $260,000.
If we multiply the entire 1 billion by .0004, the company would be worth $400,000.
thanks for sharing that research. :)