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.
It is what it is. If you believe in the company you may want to profit from this quiet low, some may bail, etc. I'm planning on adding more before this pops again - hopefully.
Despite my "enough talking, show me" attitude on NTEK lately, I am also clearing $ to take a larger position in NTEK. It's going to be at least a week, so I'm hoping the stock does well and pushes up past .10, but on the other hand, I won't be disappointed either if I can grab some sub-10's as I'm looking at this as a long term investment.
I'll believe it when I see it. You would have thought CES stateside would have had a similar effect.
I still have mine. I just called them, if you wait past the "leave a message" recording it connects you to their office. I stated my name and that I'm a shareholder with questions (politely) and they hung up on me. Called back and got voice mail. Not impressed. Looking forward to the pr's.
Have you had any contact with the company? I've emailed a handful of times with no response.
Lol no, but if you are you definitely understand the analogy. My hockey team? Up 1 or 2 in the 3rd - time to play for an overtime tie an take our chances on the shoot out!! Killer instinct is hard to teach in all walks of life, I do know that mm's and OTC shorts understand it quite well.
Good morning mrib'rs. I'm still mildly peaved about the past few trading days but am trying to see both sides of these recent events.
Many of those that say (and have said) this thing was oversold and the chart needed to reset - are to some extent carrying out a double standard. Here's an example;
Basher- this thing is oversold, gonna tank.
Pumper long- lmao this thing is going to .10 when license is official and the pr comes out.
Basher- charts don't lie
Pumper long- lmao charts don't mean anything here in the pinks, this thing has exploded on no news, wait until the license and pr's hit.
Now, all of the sudden the chart looks great and the pps drop was foreseeable.
IT WAS COMPLETELY AVOIDABLE!!!
All mrib had to do is what they promised and release the multiple pr's within minutes following license approval like they said, simple, end if discussion. This thing would have held strong in the mid .04's or we'd be .05+.
If they keep quiet Monday Tuesday, watch out folks, protect your profits. No longs were saying it was oversold on the run to .04's.
At the very least, mrib should release shipping details and if they have been silent because of new deals then-
State you've been silent pending the finalization of new contracts.
They can hold the pps where it is and maintain shareholder value if they want to based on what they've already released to this point. -IF they want to.
My main gripe is that this was totally avoidable. We spike this week, I'm ecstatic just like the rest of you. I come from a sports town where lately my professional sports teams, lets use football for example may be up 14 at half time but have NO clue how to finish and keep their foot on their opponents throat and find ways to lose. Great potential unrealized.
Be nice if MRIB did the following:
http://seekingalpha.com/article/1645772-biolase-ceo-takes-dead-aim-at-naked-short-sellers-main-street-cheers
Biolase CEO Takes Dead Aim At Naked Short Sellers - Main Street Cheers
Aug. 20, 2013 6:04 AM ET | 51 comments | About: BIOL, Includes: ARNA, VHC
Federico Pignatelli, Chairman and CEO of Biolase Inc. (BIOL) called out naked short sellers and short-sellers attempting to manipulate shares of BIOL August 19th, in a candid press release. In short Mr. Pignatelli disclosed that Biolase will continue to issue stock dividends on a periodic basis to reward long-term shareholders and thwart the naked short selling of Biolase stock.
"It is widely known in the stock market that shorting and illegal naked shorting are often used to manipulate stocks and cause unjust enrichment of ruthless speculators. I advise management of all small cap companies that are subject to attacks from naked short sellers to uncover such illegal activities and protect their shareholders by issuing stock dividends on a quarterly, or even monthly, basis. This practice results in an automatic audit of issued and outstanding shares and help to keep away naked short sellers."
How exactly does this work? Here's how... When a company issues a stock dividend there must be an audit of all issued and outstanding shares to determine who to issue the stock dividend to and how much stock to issue to them. A legal short seller borrows shares and sells those shares onto the open market and until they buy them back (cover) and return them to the lender they are responsible for interest, margin requirements and any dividend payments (be it monetary or shares of stock) owed to the lender. Naked short selling is short selling a stock without first arranging a borrow. If the stock is in short supply, finding shares to borrow can be difficult.
If a company declares a stock dividend both the naked short seller and the short seller are on the hook to deliver those shares to the lender. This forces the short seller to "buy to cover" so they can return the shares to the lender. Couple this with the typical price appreciation of a dividend announcement and the fact that short sellers can get caught in a stampede that is self perpetuating because all of the short sellers try to "buy and cover" or exit at once. This phenomena is known as a "short squeeze" and drives the share price higher as shorts rush to the exits to close out part or all of their positions or at least whatever is required to satisfy the stock dividend requirement. Stocks with a high percentage of the float sold short are particularly susceptible to this phenomena.
Naked shorting can also effectively be accomplished via an illegal option strategy abusing the market maker exemption for short sales called a "reverse conversion". The SEC has caught onto this scheme and recently put out a "Risk Alert" detailing how to identify this activity but few think this "risk alert" will amount to any additional enforcement. The net result of illegal reverse conversions is a flood of fake shares that the short seller pours onto the open market in an attempt to quash rallies or stifle the stock price. These option pirates would be affected, just like a naked short seller, by a company issuing a stock dividend.
Below are two more of examples of highly shorted high profile stocks that could create shockwaves and significant stress on short sellers if they announced a stock dividend.
VirnetX (VHC) - With over 35% of the float short an announcement of a stock dividend could cause significant short covering. The company is obviously aware of this activity based on the most recent 10Q(pg 25):
"In addition, we believe there has been and may continue to be substantial off-market transactions in derivatives of our stock, including short selling activity or related similar activities, which are beyond our control and which may be beyond the full control of the SEC and Financial Institutions Regulatory Authority ("FINRA"). While SEC and FINRA rules prohibit some forms of short selling and other activities that may result in stock price manipulation, such activity may nonetheless occur without detection or enforcement. We have held conversations with regulators concerning trading activity in our stock; however, there can be no assurance that should there be any illegal manipulation in the trading of our stock it will be detected, prosecuted or successfully eradicated. Significant short selling or other types of market manipulation could cause our stock trading price to decline, to become more volatile, or both."
As a result of the 2010 Microsoft lawsuit settlement, VirnetX announced a $.50 special cash dividend on June 15th, 2010, with a stock price below $6 per share, payable to stock holders of record on July 15th, 2010 and by October 29th the shares traded at $18.55. Is the 300% increase in share price solely attributable to the special cash dividend? Probably not but it certainly caused many short sellers to cover their positions due to the increased carrying costs by "payments in lieu of dividends".
Arena Pharmaceuticals (ARNA) - With over 30% of the float short and the recent launch of its flagship obesity drug Belviq the issuance of a stock dividend by Arena could cause significant short covering. From the latest Arena 10Q:
"From time to time, there is a large short interest in our stock. These holders of such stock or positions may seek control of us, support transactions that we or you do not believe are favorable, and have interests that are different from yours. In addition, sales of a large number of shares of our stock by these large stockholders or other stockholders within a short period of time could adversely affect our stock price."
Abusive naked short selling has been well documented in the case of Arena - including complaints to the SEC.
Of course companies still need a solid business, sales, technology, or proof of concept to remain viable - at the end of the day that is the best way to thwart naked short selling - issuing a stock dividend will not change this fact. However when the SEC is not able or willing or capable to make a concerted effort to stop the illegal naked short selling with the intent of tanking of publicly traded stocks - it is refreshing to see a CEO (and board of directors) come out and stand up for the common shareholders by issuing a stock dividend! Way to go Mr. Pignatelli! Main Street applauds the effort!
Additional disclosure: This article is informational and intended to spur thought and discussion. This article is NOT a substitute for your own extensive due diligence and does NOT qualify as investment advice. DO NOT BUY OR SELL STOCKS BASED ON THIS ARTICLE. I do not short stocks nor do I invest in options.
Great explanation of dividend impact on pink sheet stocks. Looking forward to them.
3/27? Please explain..
What? New as in not the same as this morning?
So I'm watching the video this morning.. "really!! That's it?!". Didn't post sh** because it was pre market, didn't want to encourage selling. Then I read the pr. "Oh boy we're in trouble". And I still didn't sell thinking it'd rebound! I'm an idiot - thank you all in advance for agreeing. I'll take my 160+% next week, ride freebies and re evaluate. With my luck probably the day it spikes 100%.
Why wait? to drop exciting news after the 55+ day wait for you license?! Hellooooo?!!! Momentum??
I have no choice now but to wait. I'll relax after I have some pints of Guinness and corned beef this weekend. Come on mrib!!! Increase shareholder value! They should pay Taber to consult them, lol. Seriously, I don't know what would have been worse, silence or what we got.
Don't blame you after this 3 day debacle. I'm still giving mrib time to get it on the shelves and see what cards they hold that we don't know about. I will now look for an opportunity to take profits and ride free shares.
The only thing that bothered me is that I didn't flip the high low today. I don't know if I'm giving people too much credit here but perhaps the same people that drove the pps up before license approval did it with the intention of selling on news today. If people collectively would just hold when the mms try to short this down we'd reap the benefits of squeezing them in the near future. We are dependent now on either big buy volume or big news. Maranis delay of one day post license to drop a pr hurt the pps and their choice of pr's today via video and traditional pr release was not the best thing for shareholders. I say this only because mrib alluded to having multiple pr's lined up for minutes after approval. Could not have played out worse IMO.
That was you?! lol, nice. You just pissed off a few mm's. Cheers.
I think this is accurate. Would love to know the number of outstanding right now, any guesses? Gotta take 25% off for that firm holding their chunk
I'm thinking mm's got squeezed already in the run to .04 recently. The strategy of allowing the pps to run before big news hits and then try to pull it down on news. The problem is, the pps didn't go down, it's moving sideways and we're green today. I wonder when they'll decide it'll be easier to let this thing run again an try to cover later? If the mm entity is a publicly traded company they would never take a loss now at the end of q1. If longs hold strong we can force their hand IMO.
Thank God they put this pr out..
Lets..
Nice I'm up 200% here, very happy with that return if that's as far as this gets but we all know this thing could be a 10 bagger if mrib delivers and plays their pr cards advantageously for the shareholders.
I actually think waiting until the video was a slight errr given they said they had pr's minutes after license approval. No one will care if they deliver the goods in the video interview and the pps spikes again tomorrow. If it doesn't, they missed and opportunity to take this thing higher by waiting. I know, patience..
Yes. Waiting too long would be lethal to the momentum here, shorts would love it.
I'm tired of the hints and dot connecting. Jmo.
That's music to my ears. Anytime now would be great. I don't think they'll cover if they can hold the pps flatline after the license approval and impending pr's. Weak hands will sell into the negative spin and they'll be able to take the pps down.
Good dd. They won't cover unless volume picks up in excess of 15-20 mill. Rather than fighting it they'll push the pps up to short it again later. I'd love to see the squeeze now but we need blockbuster news to come out in the video and or pr's.
What makes you feel the float is locked? It'd be nice to get a short squeeze out of this but I think it may be too late in the quarter.
Even better.
Great.
NEWS:
Integrated Nuvola NP-1 Technology will be shown at WEBS2014 in Seoul Korea inside Skymedia's Next-Generation, Glass-Free 3D Televisions
SAN JOSE, Calif.--(BUSINESS WIRE)-- NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K Ultra HD experience to consumers, is pleased to announce a new partnership with Skymedia Co. LTD of Korea. Skymedia will be debuting their next-generation television sets with integrated Nuvola NP-1(TM) technology at South Korea's World Brand Electronics Show held in Seoul March 20th-March 22.
"We are very excited to have been selected by Skymedia for integration into their next-generation television sets," said Aaron Taylor, NanoTech's Executive VP of Sales & Marketing. "Skymedia is introducing some groundbreaking sets including their new glass-free 3D televisions that will have our streaming media player built in."
With the demands for SmartTV features ever increasing, NanoTech's state-of-the-art Nuvola NP-1 4K Ultra HD streaming media player provides the best set top box experience in the market. By combining the ability to stream 4K Ultra HD over consumer internet connections, with the amazing graphics processing power of the nVidia Tegra 4, Skymedia Television customers will experience the best glass-free SmartTV experience available in the market today.
Alex So, CEO of Skymedia, added "We selected the Nuvola technology after evaluating several options. The Nuvola provides us with the performance that we need to deliver the best Glass-Free 3D experience while maintaining a price point that allows us to be competitive in the market."
The new Skymedia technology can be viewed at the WEBS2014 in Seoul, Korea, by visiting booth (F17) Hall C1~C3.
About NanoTech Entertainment
Headquartered in San Jose, CA NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With six technology business units, focusing on 3D, Gaming, Media & IPTV, Mobile Apps, and Manufacturing, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. NanoTech Media develops proprietary technology which it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Media Technology includes the world's first 4K Ultra HD streaming solution. NanoTech Communications develops and sells proprietary apps and technology in the Mobile and Consumer space. Clear Memories is the global leader in 3D ice carving and manufacturing technology. 4K Studios creates digital 4K Ultra HD content using both licensed materials as well as original productions. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at www.NanoTechEnt.com.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
The NanoTech Entertainment logo, UltraFlix and Nuvola NP-1 are trademarks of NanoTech Entertainment. All rights reserved. All other marks are the property of their respective owners.
<img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140313005404r1&sid=acqr7&distro=nx" />
CONTACT: for NanoTech Entertainment
Agency Contact:
Andy Marken, 408-986-0100
Andy@Markencom.com
or
Investor Contact:
Christian Hansen, 858-381-4677
chhansen@ntek.com
Source: NanoTech Entertainment
Copyright 2014, Business Wire News Provided by Acquire Media Corporation
Float lock downs. So what do we think of the concept as it pertains to mrib? Here's an interesting read:
http://investorshub.advfn.com/uimage/uploads/2010/6/27/vesxiFloatLockFull.jpg
I think my 15 posts are almost up but would like to know what the veteran longs here think about mrib float getting Locked down.
Can't wait to try it!
Yeah!!!!! Lighting up a celebratory cigar for the occasion! Mrib!!!!
T-Minus 1 hour 23 minutes. Gapping up tomorrow.
We just exceeded yesterday's volume at this time (9.6 mill). 1000% strong buy right now! MRIB$$
Edit: Volume was 7.2 at this time yesterday. People waiting for license approval.
cha-ching! $