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bucket time
HUM thats nuts. saw it 72 and wanted to long it but passed. ooops. did make .25 later the hard way from 75.3s short lol
been alright. bit busy lately, haven't been around ihub much. how you been?
just got a Q which stands for Quality, you should be good
think there was a .85 print but quickly after was followed by a .085 for same exact size. later same thing happened with .814 and .0814 soon after. just a misprint.
"Have you looked at the alleged ties between this one and Puda?"
remember PUDAs PR after long halt stating they are taking it private/buyout and a huge run that followed? was bogus obviously but made for a nice short squeeze play lol
FB been on a tear last 2-3 months. looks like sell news/priced in type setup.
yeah it was just MMs swapping orders. there are no ECNs on pinks so retail traders can't trade SWVI premarket.
lol well they counting their gains already. you know how it is.
if its APS, agreed it'll likely do well. but keep in mind big crosses can be 1 person washing volume to help with 10% 20 day avg. and they could stick front runners and use raised $ on another play. its happened before. its just weird how ppl talked this symbol friday and today. too obvious and easy $ not always ez.
anyway we'll see tomorrow.
I'll trade tomorrow don't worry. to me it don't matter if its lower or higher. Rather miss a few % than wake up with an empty bag. Been there before more than once, not again. good luck.
SNPK dropped to .2s before it ran big. most bought .50-.60 then it churned near .70 and dropped huge.
GWBU was garbage.
AWSR ran huge before it was confirmed to near $2 or whatever then dropped to .25 next day. don't think it was ever confirmed, think they just did partial list on it and did another play soon after.
NSRS started under .20
PRTN didn't run much and washed huge soon after.
none of their stuff that was pricey worked out big from the beginning.
there wasn't 15M worth of buys you know that. its been double/triple if not quadruple printed.
much of this volume could just be crossed by one person back and forth. simple reason being with many clearing through apex and whole 10% 20 day avg max they need volume to allow people to buy size tomorrow.
just an example I could only trade 500 shares a trade today or whatever. didn't want to buy but checked. where they open tomorrow is anyones guess.
haha you bought early too? maybe you can sell to me at .05!
obviously if you don't take the risk you won't make $. its just risk/reward buying today vs tomorrow isn't that great.
put it this way if they gap this down .08-.10 todays buyers will be out over 50%. so by the time you break even if you do at all am buyers will be banking huge. How much do you think they'll gap up from .17-.18? .25 at best maybe? potential gains vs potential losses just not worth the risk/reward. can always buy in am and miss some gains without risking getting slaughtered. don't think APS has ever started any plays much over .20.
wouldn't be the first time. there been plays doing $50M volume day one only to end up 90%+ down in less than a day.
not saying this won't work out for todays buyers but its a crap shoot, no point counting your chickens before they hatch. keep in mind they said they'll do another play so if they screw todays SWVI buyers it'd only be them being honest.
If its the play great, will buy market open. Better than guessing and getting ripped. Between them saying they'll do another play and big crosses eod vs premarket its sketchy enough.
volume was tiny .25-.30 so those shares are irrelevant. this might very well gap up but it could gap down too. seen bunch of plays where it gapped down to stick people that were trying to be smart front running. some picks have been abandoned too. imagine the bloodbath if they release another symbol.
unless they got mad this got leaked friday and to punish todays front runners they open .08. has happened before...
class action lawsuits don't mean much. Anytime someone gets accused of anything and stock drops these leeches come out.
"What you want them to publish a 7 week video of all their tankers?"
Actually a 7 week video would effectively put end to any doubts as it would show their business over extended period of time. There is no way they could fabricate 7 weeks worth of video with only a week+ since accusations. Hiring a few trucks for an hour and shooting a video is not hard to do. Time stamping a video to whatever date is very simple.
would do enough to get us green, don't know about much more
yeah got to think as complete loss and be happy with whatever comes back. With how much it dropped before halting would think even worst case much of the pain is priced in.
same boat as you, got .55sh avg but got some locked in loss from.70s when it lost lows .65 area.
if you believe their statements they got .14 in cash. How much dividend can they pay? Small peanuts.
They have no cash for buyback but perhaps they can receive one from an unnamed party that won't materialize. A short lived PUDA style squeeze would work with me.
if it ends up on grey/pinks probably .20-.30? who knows if they get cleared and open back up on amex .50-1.20? stuck some too but even with positive pr today not expecting much.
even if LPH is completely legit and accusations get cleared a spike to 2.50 is a pipe dream. many that are stuck in huge losses would gladly take a smaller loss on way up. tons of people bought .4s-.7s and would sell on way up too. 99% of LPH longs would gladly take $1.50 at this point so who'd buy all those shares?
What does circuit breaker rule have to do not being able to short stocks under $2? Circuit breaker rules simply pause trading in certain stocks that move over 10% within 5 minute period. Rule was put in place to prevent another flash crash, it has nothing to do with shorting stocks below $2.
"the Company and its legal counsel in the U.S and the PRC, as well as its auditor are reviewing the allegations and management has fully cooperated in the investigation."
Its halted because they are being investigated by authorities. Suspected this long ago and this seems to confirm it. Company released two PRs already so their material news is out. It'll start trading when investigation is done, it'll probably take weeks or months.
hope you are right for the longs sake but I have never seen a company take a week to respond to wrongful accusations. Worst case it would have taken them a weekend to thoroughly address the issues. Providing business receipts, copies of statements, etc shouldn't be hard to come by.
Halt is showing T2 but its almost a certainty stock is halted by regulators at this point. They are probably doing their investigation and if things ok, trading will resume on Amex. Otherwise its going grey/pink sheets.
good point, didn't think about that. Hate FINRA though those guys are a pain to deal with.
thanks! much appreciated
thanks, knew of the generic form but was hoping someone had a direct contact.
shady prop firm broker not releasing funds. few months at this point.
anyone here have a good contact at SEC?
unfortunately you can never trust filings/reports 100%. look at worlcom, enron and so on. those companies were leaders in their industries and running scams in the 10s of BILLIONS. LPH is small peanuts in comparison and a foreign company too...
when it does re-open look at the big picture. if this is a scam and bad as it seems, don't hold until you lose all. shorts will cover so at worst you'll get a dead cat bounce to sell into. might as get something back even if its at 80% loss. Good luck, hope things are not as bad as they seem.
regarding that 4 bd house.. there are offices that for a fee let companies use their address, take care of mail, phone, etc. Smaller companies that incorporate and need an address but don't want to rent an office use these kind of places.
looks like .14 in cash on books and stock down 1.70, they can't issue a dividend big enough to hurt shorts. they'd only hurt themselves giving away cash.
Taking it public they'd need a buyer, $2 is $200M. At this point who would be willing to risk that kind of $? Maybe if they do a bogus buyout offer that never materializes....
Merger same problems as above, who would want to?
Buyback could help put a bottom say .50. They got $14M cash and 34M float. But same as dividend it would cause problems leaving them cash strapped. And they would likely want to sell their own shares in off market transactions.
At this point few people would believe fantastic news, it would be sold into. They just had great news a day before this report and it dropped 80%+. All they can do is address accusations and lay out proof showing they were wrongly accused. Most people won't believe it anyway and still look to sell. But if they are for real after they wash out scared hands this could grind back to $1 range.
regulators do need to go after some of these blatantly manipulative shorts that spread misinformation. Its not hard to instill fear and then it snowballs with peoples stops getting hit, cnbc chatting about, etc. Gives credibility to blatant lies.
QCOR comes to mind when shorts released their research of information that was already public. But they twisted it, made it look like they were losing 95% of biz when in fact only 5% was affected.
HLF recently too, its not a pyramid scheme. They been in business for like 30 years and were investigated for that years ago and cleared.
Don't remember a symbol but some company recently was about win a lawsuit and some shorts put out a blog saying they would only get 500k when it was 500M and it caused a 50% drop intraday.
List goes on and on. There needs to be some rules put in place. Want to help investors? Great, notify SEC and let them look into it. Don't cause massive panic and stop people out for huge losses in some cases causing billions in damage, only for stock to bounce back later when smoke clears. Its insane some of these people get away with literally robbing 10s, 100s of millions and get away with it. Yet someone robs a bank of $1,000 and they get 20 years.
why would they halt their own stock then put out that PR today? If anything the halt just brought more attention to them so thats not helping them buy time.
Not going to deny this seems extremely fishy and chances are this is a scam. But at the same time shorts writing a blog and putting it on SA isn't likely to be very truthful either. They have a vested interest to make it look bad.
Just to give you an example... While living in LA I had some friends that worked high up the chain for BIDZ. Co went from otc to Nasdaq. Business was doing great, they were expanding as revs and profits were growing big. Stock ran up from like 5 to 27sh? They just bought another big warehouse to support business and everything was gravy. One day these guys show up claiming to be institutional investors looking to invest and wanted to check up on their business. They met at their headquarters, showed them around the biz explained everything. Then "fund managers" asked to see the warehouse. They took them there to show the space eventhough they haven't even started using it. While there guess one of the guys took a cardboard and wrote BIDZ on it and stuck it on the window and took a picture. Days later Citron releases a hit piece on these guys claiming they are total scam and posted picture of the warehouse with cardboard bidz sign claiming it was their headquarters making it look like these guys were running business out of a garage. Complete and utter bullchit. They were highly profitable and doing $10,000,000s in business. Price crashed pps same day 25s to 8s I think? Owners had like 80% stake in the co, like 1/4 billion worth at highs. Company had tons of cash and think a 50M credit line. Idiot owner decided to fight the shorts back and started buying back shares 10sh area. Shorts kept selling and scared institutions dumped too. Had blowout earnings again and it was sold into.... Co blew through its cash and with whole bank scare their credit got pulled. Economy crashed, their business slowed and they had to cut on marketing etc. Without a doubt for a fact I know it was a great business and shorts ruined it. Company made mistake with buyback blowing their cash but fact is the truth got completely twisted and shorts ruined a great company through manipulation and fear. Bidz stock eventually dropped under $1 and they took it back private. Thats some f'ed up shit man.
Sorry for the novel but my point is not that LPH is not a scam. Have no clue whats up with them. But shorts have their own agenda and they will twist and lie to instill fear so they can profit. They claim they watched these guys for 2-3 months but only posted 3 one day videos? While LPH likely inflated their business I'd think the truth is somewhere in the middle. jmho
seems fishy to me but hope you are right.
did they actually say company asked to stay halted because of outstanding news? Or you just drawing conclusions from what they told you regarding halt code meanings?
exchange told you company asked to stay halted because more news is forthcoming?