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"Well, blowing up in a single trade would be impossible for me because I put small money at risk in order to avoid deadly blow-ups. I only flipped 1.5million @ $0.0001 to $0.0003, not much, but $300 is $300."
Sounds like a good plan...I actually take my money from selling covered calls on my "big Board" stocks to invest in the pinks. If they blow up, who cares as I will generate more revenue once the covered call contracts expire. I then take any real profit from trading the pinks and buy more "Big Board" shares so I can sell more covered calls.
And your right, making $300 profit or tripling your money on the trade beats a sharp stick to the eye..LOL
Make money any way you can in this crazy market..
GLTY
That is great!! Profit in the pinks is never a bad thing..I am still holding because I think there is still some meat on this bone. If the revenue for the sub buisness comes out O.K. and they don't continue to dilute, we should do much better than 4.
I am a "target" trader now and got out of the 1-2 tick flipping a long time ago after seeing how much I was paying E-trade every year in fees.
GLTY and I hope you do well on your next trade..Just be careful as it only takes one bad trade to wipe out 100 good ones.
GLTA
Bid 2 @ 3
Ask 4 @ 4
GLTA
Not showing it on my E-trade pro. After the .0006's it goes to .05 but that does not mean that people don't have their ask set to that..
GLTA
EYSM Looking good going into the conference call today. Tomorrow may be unreal if there is any meat in the CC today.
GLTA
BNW,
Good luck to you in the other play and I hope it is not a lame duck as it seems like the interest is way down from what it was.
GLTA
You would have to fight my wife for the money..LOL
Hope everyone has a great day..
Not me as I will have a heart attack if that were to happen..LOL
Carefull everyone..Nice run on huge volume for an unknown reason..
GLTA
Bid now at .0002!!!
That was some very serious ask slapping right there...Volume at 128M as I write this..
GLTA
Saw that too and the buy before it was for 3M...At least it is showing some signs of life again..LOL
Makes me wonder if someone is not collecting shares???
GLTA
1.5M buy at .0003 at 11:46..
EYSM is starting it's move..Today and tomorrow should be fun
If that is the case then NITE is still the MM to get thru and then some retail with an E-trade account.. Not worried, It will move when it is time..
GLTA
"Now Again 3 left!"
And it looks to me like two of the three are retail..ETMM and Auto.
Get thru NITE and we may move, but that is easier said than done..
GLTA
Thanks Xanada..
I see the latest verification was on Dec. 13.. Has anyone checked the O/S since then to see if there is a change?
TIA..
There has been mention of lowering the A/S count another 1.6 in their PR dated 12/9/10.
http://ih.advfn.com/p.php?pid=nmona&article=45587282
Gallagher continued, "We've sent all of the paperwork to our attorney to complete our formal name change to TheDirectory.com, Inc. In addition to the 2 billion shares recently canceled, we've made the decision to reduce our authorized share count by 1.650 billion from 5.150 billion to 3.5 billion, improving our capital structure further. Our internal business model shows us turning to a net profit during the first quarter of 2011 thereby reducing the need for any outside financing."
This is what has been made public so far. The facts of the matter are that the A/S count should be at 3.5B unless something else comes out of the call after market on Thursday. Who really knows right now what the O/S count is...
GLTA
IMHO,
The share structure may still be a little too high to start talking about buy-outs but if they keep lowering it the right way (share buy back) and start making some real profit in Q1, then they just may be on the way to being a huge buy-out target.
I like recent developments very much and I hope they keep building on it and doing it the right way..
GLTA and happy holidays..
EYSM The play for next week with their CC scheduled for 1/7/11? Thoughts?
Charles,
Just my WAG but I think that alot of money left the pinks and went to the big boards in 2010. Everyone needs to remember that the pinks are great for trading period. Don't fall in love with them as they are certainly not investments where you will park your money for years.
Just my guess as I have seen the same pattern on several of them. Take your profit when you can and park it on some big board plays. That is what I always try to do..
GLTA
Charles,
If it is still sitting there at the end of next week I will be adding more. Once I get passed the Christmas spending then I will be looking to add some more.
Don't get me wrong, I have no desire to go "all in" on it but a little averaging down won't kill me either as I still believe they were on the right path until they started issuing more shares.
I will say thay at least they paid off some debt with it from what I could tell from their last report.
GLTA
I am holding CXM and adding as I can. If they get 510K approval, we are gold but if not I am deep CHIT. Such is life with the Bio's..
GLTA
I don't really know the answer..
And it is over $7.30 as I write this but no one seems to know why??
100M dumping earlier this week from someone killed us..
We went from 2/3 to no bid in less than 20min. It was ugly..
GLTA
Charles,
I really don't know for sure but my guess is that it was as of 9/30/10.
Page 3 of their Q3 report they had it listed as 875,407,343 issued and outstanding.
Then on page 6 they have it listed as 1.6B issued and outstanding but they did show a decreased in their outstanding liabilities.
Then they listed it again as 1.6B in the write-up that I previously posted on Page 20.
Bottom line is they collected about 729K from the sale of stock in Q3 and from what I can tell the lions share of cash went to pay off debt including "Additional paid-in-capital" of 384K from what I see.
Full Disclaimer: I am no accountant so maybe someone smarter than I can shed more light on this.
Happy holidays and GLTA!!
Anyone know what is going on with XOMA? Last couple of days it has been sneaking up but I can't find any news.
At the end of the third quarter there were 1.6B shares outstanding as per their Q3 report..(Page 20)
"Net Cash Provided by Financing Activities
The Company issued an additional 729,319,000 shares, which provided an additional $729,319 in cash and convertible debt reduction during the third quarter. This issuance raised the issued and outstanding common shares to 1,604,726,000. The Company with the approval of the shareholders raised the capitalization of the corporation by amending its Articles of Incorporation to increase the authorized common stock to 5,000,000,000 shares at par value $0.0001"
Now this is just plain funny...I don't know if this is a scam or not but just because the nice lady would not give you a guided tour of the office doesn't make it so.
Most offices will not let you past the front door unless you have buisness to conduct there, Shareholder or not!!
I guess my company is scam since it takes an act of god to get you past our receptionist since we deal in confidential information..
Please....
GLTA
I think it might be a little early to start the R/S talk but I do see this as dead money for awhile. Someone on here nailed it pretty well that the company needs to be more responsible and responsive to their shareholders, IMHO.
They were headed in the right direction with their buisness plan and share structure in early 2010 but have really gone off track since then. Investor confidence is going down faster than the share price....
Good thing that there are other plays out there while we wait!!
GLTA and Happy holidays to everyone..
5B may be hard to hit IMHO since it went to no bid today. They will have to "Pump-It-Up" in order to dump that many more on the street.
At the end of the third quarter there were 1.6B shares outstanding as per their Q3 report..(Page 22/23)
"Net Cash Provided by Financing Activities
The Company issued an additional 729,319,000 shares, which provided an additional $729,319 in cash and convertible debt reduction during the third quarter. This issuance raised the issued and outstanding common shares to 1,604,726,000. The Company with the approval of the shareholders raised the capitalization of the corporation by amending its Articles of Incorporation to increase the authorized common stock to 5,000,000,000 shares at par value $0.0001"
Can't wait to see where it stands at the end of this quarter..
Crap...
GLTY..I will hang out awhile to see if I can get a dead cat bounce out of it sometime in '11. Besides, someone will need to hold the board down but please check in every once in awhile to make sure that I am not talking to myself..LOL
LOL...I said some pretty ugly things as I watched the first 90M shares hit but there is nothing to do at this point..
HHGI at rock bottom...0001 on the ask..
Risky for the quick flip, IMHO. I can't believe how fast it went to no-bid this afternoon.
IMHO, they are headed the wrong way in regards to the shareholders and I am still holding.
GLTY
WOW, we just got dumped on big time to the tune of 90M+ shares...
News out on my E-trade news that SPPH has recieved the 500K..
Should be an interesting day..
GLTA
OGkw09,
Sincerely sorry to hear that..Best of Luck to you on future trades. If you want to bounce ideals off someone please feel free to e-mail me at awesome1_in_cc@yahoo.com..
GLTA
Time to load EYSM between now and Jan 6., IMHO.