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I have been trying to sell mine for three weeks. I have 50,000 shares and so far nothing. I think this stock is not so hot. I do not understand the wild swings in the pps. I don't understand where this company is going period. Why did you invest in it? What did you see that you liked about the company? Maybe your viewpoint might help me decide to keep the stock.
If .003 hits today and it holds, that will be a real good sign.
BBQ man you may be right. We may have already hit the low. I like the way TDCP is coming back so far.
George, I understand your point of view. However, I do not agree. Even if you are right about the product not being shelf ready for 2 or 3 years, the stock will appreciate in anticipation of the product. In fact, by the time the product hits the market, there is a good chance that TDCP will not move that much--having already made the move during the pre-marketing phase. Good luck to you too.
I am not sure how wild the ride will be today--but if you want to buy more shares, you better buy them today. I am looking to buy more myself later today during the power hour. I think today is as bad as it is going to get for this stock for a long time. By the time the next 10-Q comes around, TDCP will be in a far stronger position. TDCP will have new partners, etc.
LOOK OUT!! I am not certain why the ILNS moved up today. But if I had to guess: somebody is buying big time. This buyer, possibly a big or mid-size pharmaceutical, wants to buy at a dirt cheap price. Thus, today’s run up was nice but it didn’t have any legs. Too many shares traded today for it to be small time investor like myself. There is a big buyer out there somewhere. And he is buying up the shares and wants to buy them on the cheap. Look out for a buy-out!! I am buying more ILNS. Good luck.
I have no obection. Good luck to you.
I don't mind a little explosion now and then. It keeps me awake. TDCP is a great stock. I think by December this price will look dirt cheap.
I will be happy if TDCP goes up slowly everyday 3% to 7% for two or three weeks. That will built a good foundation.
I made a modest purchase. I cannot explain today's pr. Something might have happened that has yet to be revealed. In any case, I wanted some shares just in case. The longer this holds at .0024 on low volume, that is not a good sign. Could bounce down a little. Still, I am glad ILNS broke out of that narrow range she was in.Good luck to you too!
Show off!!!!!lol.
That 49k was me too!
That last buy for 1,000 shares is me. My order has not yet been filled.
Hey wait for me!!!!
Every time there was a buy-out for a company I owned stock in (three times), the buy-out was a windfall. Generally, buy-outs are good for stockholders. The buyer of the company generally pays a premium for the purchase. To be honest, every buy-out I was involved with, I would have preferred the company not to sell. I would have made more money if the company did not sell at all. However, ILNS does have a liquidity problem, so ILNS may go for the buy-out option. Of course, there are no guarantees. If ILNS can get a good partner, in the long run that would be better for the stockholders. Of course, day traders want a buy-out-- but people who like to invest for the long term--like me- a partnership would be better. Good luck to you.
As you know the dates and amounts line up perfectly from the Dec. 2010 8-Q and the March 2011 8-Q. Plus, I checked the last time ILNS did a r/s. If Ameritrade is correct they have never done one since June 2007. I don't know if they did one earlier than that but it appears ILNS does not favor r/s and works to avoid it. They did say there were going to do a r/s in February, that they would do it by the end of this March and yet no r/s. I hate not being invested in this damn company. This Dr. Chain is closing in on Alzheimer's. Anything can happen with ILNS. A lot of these big pharmaceuticals are losing their patents to expiration and they are shopping for new products. If a r/s does not occur, that suggests to me that something big is cooking in the oven--like a buy out?? I think I am going to invest a few shekels now and put a phone call into ILNS and try to find out more info.
Thank you Don. Yes, I found the paragraph you were referring to, from the December 2010 8-Q it says:
"In consideration of the Company’s issuance of the securities described above, one of the Lenders has agreed to extend the term of $137,500 principal amount of previously issued convertible promissory notes of the Company held by such Lender, originally scheduled to mature in April 2013, to the date that is five years from the execution of the Term Sheet. In addition, all of the Lenders have agreed not to sell in the open market any common stock of the Company owned by them for a period of six months from the execution of the Term Sheet. The Company has agreed to effect a one for fifty reverse stock split, as previously approved by the Company’s shareholders, within six months from the execution of the Term Sheet. The Company has also agreed not to incur any indebtedness for borrowed money without the consent of a majority in interest of the Lenders."
However, ILNS issued a March 21, 2011 8-Q which deals with the Term Sheet loan. Apparently, or possibly the r/s is off because the Common Stock was diluted by the newly issued shares. This sale of Common Stock may have precluded the need for the r/s. In other words, instead of a r/s in the 3rd quarter as stated in February, ILNS issued an 8-Q stating that newly issued shares were given pursuant to the Term Sheets. Do you agree?
Don did you write the sentence below? or is it from a 10-Q? So far I cannot find it.
The Company has agreed to effect a one for fifty reverse stock split, as previously approved by the Company's shareholders, within six months from the execution of the Term Sheet
Did you find this in a 10-Q?
In the strictest sense of the word, you are correct. They technically are not limited to the 3rd quarter. But when a company states they intend to do something as important as a r/s and then do not do at the time they indicate they will do it, it is considered very bad form to do it later. They publically gave the 3rd quarter to do it in. If I understand their fiscal calendar that ends tomorrow. Also, it is possible they could open themselves up for a lawsuit if they do a r/s in the fourth quarter. Investors execute buy and sell orders based upon the public representations made by the Board--they said the 3rd quarter. I intend to buy back in now that the 3rd quarter ends tomorrow. They better not mess with me!!.
Here’s what the paragraph says in the Feb 10-Q:
2/22/2011
Reverse Stock Split:
In December 2009, our shareholders approved a resolution authorizing the Company to amend its certificate of incorporation to effect a reverse split of the Company's outstanding common stock, pursuant to which any whole number of outstanding shares between, and including, fifteen and fifty would be combined into one share of common stock and to authorize the Company's Board of Directors to select and file one such amendment. Management intends to effectuate this reverse split during our third fiscal quarter.
tomorrow, I am ready to buy some ILNS stock--now that r/s garbage is out of the way. I must say ILNS is trading in a very very narrow range lately. That suggests we may be at the bottom. I am not certain at all that I will get back in at .0015. In fact, the last time it was at .0015 was when I bought some ILNS shares. Looks like Dr. Chain is looking for a partner or he may decide to dilute the Common Stock a little--but most importantly no r/s!!!!!!!!!!!!
ILNS is going to fly!!!!!!!!!!!!!!!!!!!!!!
You can find it real easy about the r/s. Just go to the last 10-Q which was issued in February 2011. Do a word search on your computer "reverse split" and wha la!! there it is. The odds of a r/s happening tomorrow are minimal at best. I don't think it is going to happen. Remember ILNS's fiscal year ends June 30th, thus the last day in the 3rd quarter is tomorrow. Good luck.
OK, your experience is different than mine.
Correct. The 10-Q said the R/S must occur within the 3rd quarter. Tomorrow is the last day in ILNS's 3rd quarter. ILNS fiscal year ends June 30th. I would be shocked if ILnS did a R/S now. The pps is so low that it would accomplish nothing. Good luck my friend.
Scottrade's web pages are not very good. Ameritrade is much better. I trade a lot with Scottrade but they use a dual system for quotes. If you hit the Quote button, you will get an accurate quote but if you just look at the quote on your Positions page (the stocks you own), many times it will be wrong. I have asked Scottrade to use the same source for both but they said they cannot do it at this time. I can't imagine how they can get Bids and Asks right.
Great post KIWI!!
It is difficult to say Guyex for sure. ILNS does have a liquidity problem, thus it is likely Dr. Chain is interested in some kind of merger or buy-out. However, so much of this depends on what his attitude is towards a merger or buy-out. He may want to keep his achievements in science to himself and thus may not work very hard for a merger or buy-out but decide to go for more Common Stock dilution. Again, financial circumstances may force him to accept a merger or buy-out. You would really need to talk to him to find out what his attitude is and those around him. The main thing is ILNS has good science. The is the key fact to remember.
Good try. LOL.
A fellow investor in TDCP named Luckyinvest at Yahoo posted this about TDCP:
http://spie.org/app/program/index.cfm?fu...
Light surface display
Paper 8042A-5
Time: 3:50 PM - 4:10 PM
Author(s): Hakki H. Refai, 3DIcon Corp. (United States) Hide Abstract Add to My Schedule
This proposed display constructs different images within three layers viewable around a180 degree arc. The display contains special particles suspended within its image space, that when excited by two different infrared lasers, illuminate to generate images. It consists of a first projector that launches a first infrared laser forming sequential slices of a 2D image along the length and width of the image space, and a second projector that launches a second infrared laser creating translational layers across the depth of the image space. This display can be utilized in a variety of applications such as air traffic control application.
wEA, read the 10-Q!! Can you read. If ILNS is going to do a r/s they must do it in TWO DAYS, by March 31st. It is highly unlikely they will r/s this stock.
R/S? Not likely at all. As soon as April 1 hits, I am in the market to get back in. ILNS has great science that will help people and make the investors a lot less poor than they were before! LOL> Go ILNS!
I agree TDCP has diluted its common stock. Most small penny stocks do. However, if TDCP enters new relationships with bigger companies like Boeing, there is a good chance any further dilution may be unnecessary. I agree we should not count on it but it is far from certain that dilution is an absolute. In any case, for TDCP to trade on low volume in a tight range like this suggests we may at or very near the bottom. Good luck to you. Apparently, TDCP investors are waiting for the new 10-Q.
LaneR, you listed no source for your info about the reverse split. I hope you are right because I am long in TDCP. But as you know, the last 8-K dated December 23, 2010 had discussion about both Common Stock dilution and a reverse split. Naturally, if there must be one or the other, I prefer the Common Stock dilution and not the reverse split. If a reverse split is to occur the 8-K says it must happen by June 1st this year. My thinking is that TDCP will neither dilute the Common Stock nor do a reverse split. I think they will find a partner thus avoiding both actions. What is your source of information to claim that the reverse split has been taken off the table? Please advise at your earliest convenience.
I agree. A reverse split at this pps is silly. In any case, they have until Thursday to do it. I seriously doubt they will do a reverse split. Thankfully, ILNS is holding very well. I was worried that there might be a wash out of some kind but it did not happen. In fact, the lowest the pps has gone since the last run up was .0016. I may be stuck and be forced to buy back in at .0018 or .0019. I was hoping for .0015 but that is looking less and less likely.
You are welcome WhatDoes.
The Board of Directors has until June 1st this year to effect a reverse split if they intend to do that. They also have the right to further dilute the Common Stock. However, if TDCP gets some funding from Boeing etc., it is possible the Board of Directors will do neither.
FORM 8-K, December 23, 2010:
On November 19, 2010, subject to stockholder approval, the Board of Directors of 3DIcon Corporation (the ““Company””) authorized an amendment to the Company’’s Certificate of Incorporation in order to (i) increase the authorized shares of the Company’’s common stock from 750,000,000 shares, par value $0.0002 to 1,500,000,000 shares, par value $0.0002 (the ““Increase in Authorized””), (ii) effect a reverse split of the Company’’s common stock in a ratio in the range between 1 for 10 and 1 for 25, as will be selected by the Company’’s Board of Directors (the ““Reverse Split””), and (ii) create a series of ““blank check”” preferred stock consisting of 25,000,000 shares, par value $0.0002 (the ““Blank Check Preferred””). If the Board of Directors elects to implement the Reverse Split at one of the approved ratios, it is authorized to do so until June 1, 2011.
I Love Roth, you have a very interesting story. I am not sure I should be giving you advice about stocks period. As a young teen I invested in two stocks–and lost my money. I lost interest in the market for over 30 years. I made my next investment in 2008. By March of 2009, when the S&P hit bottom, I was fully invested, about $30,000.00. As a result of the rally, I made more money in the last two years than I ever made working for other people, six figures. Now I spend most of my time looking for quality penny stocks. I never invested in stocks like Apple. Those guys get excited if the stock moves 5%. I try to buy 20 or 30 penney stocks in a year. Most do nothing, some go bust, it is that one penny stock I am looking for that makes me my money. That’s all takes-- one winner that wipes out all your loses elsewhere and pays off your credit cards!!lol. I think TDCP will make an investor a ton of money. Given the kind of science TDCP has, she could be the next Microsoft. Good luck my friend.
Eel, they avoid planes crashes.
I have a simple strategy for holding stocks that I really like a lot like TDCP. First, I decide how many shares I want to keep for the long term no matter what happens to the stock. That is how many shares I always want to own in case the stock takes off. Say I want to keep 100,000 shares-- then I will buy 140,000 or 150,000 shares. Second, when the stock doubles or nearly doubles I will sell the 40,000 or 50,000 shares and hold on to the rest for ever. That way I am never out of the stock and I have gotten a hefty return on my investment. Plus my break-even price is so low in the stock, it is almost impossible for me to lose money.
There is no way this should be happening-not this much and not this fast-given what happened Friday. Apparently, there is good news coming.