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Did they actually hire them or was that just another fluff PR?
But, it seems to me that they would want to file and keep OTC status. While some people do buy pink sheets, a lot don't (and won't) due to the risks. JNIP won't be able to dump all those shares each week, at least at 3, they will have to dump a smaller number at 1. However, without people buying, the MMs will have to buy them or list the bid at 0. He would drive away the MMs and then how would he make his money? The ethical way? I doubt it.
My question is this. Why exactly did the old CEO (Carnes) sell the company to BW anyway? Most owners of pump and dumps run them until b/a is 1/1 and no one is buying it anymore. Once that happens, it is useless to the owner and he sells it to someone else who pumps the new owner status and revives it.
I am not saying that BW bought this as a pump and dump, I think he saw a good business deal. I trust him. But why did Carnes sell? It wasn't dead. Anyone got any good ideas on that. I don't think that Carnes got tired of running a P and D.
Question 2. Could Carnes of "given" a number of prefered shares to some shell companies with a clause that they converted to common stock upon change of ownership in the company? If so, could that have been hidden from BW? That could explain the huge numbers of shares trading.
True, wasn't trying to imply that dilution would get PPS up. But, when you get your shares for free (Vlado just prints more certs) and then dump them at bid, you can raise a lot of cash. dilution keeps the PPS down, but what concern is that to someone who then says, "well, instead of dumping 50 mil, I will dump 100 mil to make up for the low PPS."
No, that's what selling at the bid does. Would you rather have the MMs buy it at the bid just so they can sell 1 higher. At least with us buying it, we will hold it longer. What about the guys trying to buy at the 6 and the orders get filled at the 5?? Its the fault of the MMs and the person dumping tens of mils of shares at bid. We can't buy it at the bid if someone isn't selling it at the bid. If we weren't sucking them up at the bid, the MMs could have gotten their fill of shares and dropped the bid to 3 long time ago. Be happy that didn't happen. If no one had been buying at 5, the sellers would have dropped the price to 4 or lower in order to get their shares sold.
Glad to hear someone other than MMs getting those shares. Keep it up.
BTW - same thing is happening with JNIPE today. Tens of mils of shares being dumped at bid
True on both accounts. But massive dilution going on now. Vlado must be trying to raise cash for a vacation home or something. This is past the point of being sick.
True. MMs might be trying to scare newcomers to BBDA into dumping their shares by making it look like everyone else is dumping.
Might not be Brian. could be the old CEO. could have given himself tons of shares before deal with Brian closed and now he is dumping them
Just filled at 5, but have to wonder where all those 5s are coming from?? Its like someone woke up today and said I don't know where all those shares came from, but I am going to dump them. After all, no one with a brain buys at 6 and a day or two later sells them for 5
I agree, hard to figure out what PPS should be if you don't know A/S
Not yet, have had an order in since yesterday morning, no fills yet
The PRs are helping keep interest up until the SS is updated though. True that they would do more good if SS was updated, but at least pps isn't dropping
someone did a 3.2 mil buy, that helps
Make mine a double helping of that ice cream.
Heck with the 7s, let see some 8s. I hope that when this thing pops, it upticks more than once.
That is one of several who are dumping shares. There has been a lot more than 380MM shares dumped lately
I have a sad feeling that you are right. Vlado is raising cash by dumping company stock and once he hits the A/S, that cash raising comes to a halt. Once that happens, only option for him is to do a r/s and a big one at that. It possibly could be a 1/5000 like FNXC did awhile back. Got caught in that one. By the time the new shares made it to the brokerages for the existing stockholders, the stock FNXC released before sending to the brokerages was driven from .50 to .21-.25. Lucky for me, I only had $100 in stock, but that is now worth $9.00.
On the positive side of things though, if Vlado can use the new contracts for credit backing, he might not need to do a r/s. Also, with the dumping he was doing at 4 instead of 3 (except for that last big block after hours), maybe he will see that he can raise more money when the pps is higher. It is amazing how shortsighted some people are. If you are going to dump, get the pps up and then dump (I don't mean you personally Fasthand, just a person in general).
all right into the hands of the MMs, not investors since investors can't seem to be able to do pre-market and after-market trading. so, someone resupplied the MMs with more shares to help keep price down. can anyone tell what the breakdown per MM was on that big sell? did all those shares go to 1 MM or were they split between multiple MMs?
I think A/S is probably already maxed out. few weeks ago someone was saying that they had 62MM shares and another guy said he had 50MM. company is required to submit paperwork on anyone who has 5% or more of company stock. I didn't see any filings about anyone who had 62MM shares. that would be 5% of 3bil shares and with all the dumping going on last few weeks, we have to be at (or possibly above) the 5 bil A/S. Maybe that is why the 10K is so far behind, maybe he is above the 5 bil A/S
I would sit and wait until its filled. your order isn't AON is it? that will delay it getting filled until a sell order comes in big enough to fill it. they can piecemeal the order (like they did mine - mine filled in 3 parts), but sometimes the MMs hold the AON until a big enough order comes in to totally fill the AON orders.
why buy at the ask if we can get it at the bid? pps goes up when there is more people wanting to buy than people wanting to sell. supply and demand. don't blame the people filling at the bid, blame the people who are selling at the bid. it is just good sense to buy at the lowest possible price and to sell at the highest possible price. the pps will rise, but only when people stop selling at the bid, forcing the buyers to buy at the ask.
Yes, filled 270,000 @ 5. placed order yesterday afternoon
Like I said, just my opinion. Been in and out of this stock since Jan. Don't get me wrong, I think that the company has some potential, however it has been struggling financially and the Maxton contract and the other contracts it is bidding on could get it into the black. But I haven't seen much from last quarter to have much faith that the 10K will be very positive (although it could be an improvement).
If I had a company where the pps was very low and the latest 10K wasn't going to lift up the stock and I had good news that would lift it, I would release a little good news first, then release the 10K and then release the best part of the good news. remember, investors have been contacting Vlado regarding some kind of PRs. He gave them a shot in the arm, but is probably holding the best part of the shot until it is needed the most.
I was just posting on opinion. Yes, I know that some people won't agree with it, but at least I am willing to go out on a limb and give an opinion.
You can post a link to my profile so that people can follow it and see that I am new to the board and haven't been around here as long as some of you, but I have never said that I am an old-timer on here. Just someone who wants to talk about a stock that I own with people that also own it. Don't get on much because as a truck driver my internet access can be limited at times.
Get your cash ready boys and girls. IMO, I really don't think the 10K will be that good and the pps will probably tank when the 10K is released. However, Vlado will probably follow the 10K with another PR within a day or two of the 10K release. That PR will most likely contain some real numbers.
Here's my reasoning on that. He has released 2 PRs with little real info. The Maxton PR was a good one, but had no numbers or figures with it. The management PR didn't contain any names, just positions filled. He released those preliminary PRs to get the pps up so that the 10K didn't kill the pps too bad (who wants to buy at 1/2). He will do 1 of 2 things. Either release the 10K 1 day and then the numbers PR a day or two later. Or release the 10K after a close and then release a numbers PR mid-morning the next day.
Either way, the pps will drop after the 10K (allowing those with spare money to buy up) and then spike after the numbers PR.
JMHO
Yes, it should break out of the 8's and hit 9. The MMs ate a lot of shares at 6 and 7 today. They have to unload it higher to make their profits. I know that investors took some today at those lower prices, but the MMs put a lot of their money into this today and they will be wanting it back (plus profit). I am expecting a good open with a steady climb with heavy trading again.
I would have liked to find out how many employees. They announced hiring the big wigs, the ones who make a lot of money and do no actual labor. While it is a step in the right direction, mentioning a number of laborers (even ballpark) would have given us a small idea of how many towers and such. Hopefully we get some more info soon.
You think maybe Vlado might have mentioned the news to them? Maybe a little side action on his part?
Forgot about Good Friday. In that case, hopefully it gets to 10 on Thursday.
With all the people who bought at 6,7, and 8 over the last couple of days, I have a strong feeling we will see 7 or 8 tomorrow and probably 10 by friday. They can't take the loss of selling at 5 or 6, so most likely will help drive up the price over the next couple of days.
Actually Ameritrade is list the b/a at 5/6 on their stock pages and 7/6 on their command center. Guess it is just a screw up on their part
what's the b/a right now? Ameritrade is listing the bid at 7 and the ask at 6???? what gives with that??
yes, it did get up there pretty good. am showing profit on the deal, but the stock has the potential to do a little better.
Buys might be outnumbering sells, but it just dropped to 4/5. Not looking good for today. I figured profit taking day would be tomorrow, looks like I was wrong. Hopefully we get a good bounce back up.
How is the L2 looking? couldn't get it to move up, but it sure dropped easily enough.
Yes, he can't aford to let it go now, hold and hope for the best. better average down while he can
Most likely that was some poor slob who missed 1 of the zeros when typing in his order. Imagine a 90% loss because of a typo.
I think we will get past .0006 on Monday. In fact, I will go out on a limb with this one. Remember, this is total gut since I failed to take that ESP class back in school. But, I have a feeling it will go something like this:
Mon. .0007 175-200 mil shares - a little nervousness about closing at a 100% gain day before, but not enough to stop it.
Tues. .0008 80-125 Mil shares - Everyone feeling good about it.
Wed. .0006-.0007 200+ mil shares - profit taking day
Thurs. .0008 125-175 mil shares - a lot of people back in after stashing part of profits
Fri. .0009-.0010 100-150 mil shares - prices going up as people anticipate a good next week.
Of course, this would change if Vlado comes out with another positive PR (let's hope).
Any other predictions? Overall, I think that this is a gainer over the 1 1/2 weeks to 2 weeks. After that, my vision moves to the part of my crystal ball that has a big crack.
Yes, seems to be livening up again. I agree, a finish at 5 or 6 would be good, especially considering the last couple of days. It should top 300 mil traded without a problem. A very good day overall. 100% gain and a record volume day should generate some more interest over the weekend and get Monday off to another good start.
Seems to have pretty much died for today. Lots of time between trades.
true about the retards (inexperienced traders), but right now I think we are seeing a lot of people trying to lock in their profits. bought at the 3 or 4, getting nervous about the slow down in buying and trying to cash out in case it drops back down. If they would hold on to it a little longer, it would help see higher numbers on the b/a.