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Told ya.. ! Watch for the spikes upwards before earnings are released.. ! Let them swing it for a few days and back up again... getting back in if it hits 11 or below...
Worry not... comes Monday and we will see the bats coming out of the cave like a shot was fired.. !!
No need to panic... !!! The scam, if there is one, will eventually unfold..! I am about to call Lenny to see if we can make another Boiler Room movie, the sequel... !!
How can shorts make a killing if there are not shorts...?? who said that? LOL
Things are getting a lot clearer now... !
Those are the ones that were reported as of 04/15/2021 but, what about the ones that were not, coming from those brokerage houses which a/k/a boiler rooms and can claim... due to the unusual increased in volume we just couldn't be on time.. would like to see what the next report looks like or maybe... will see it on Monday without the report... ! I'm afraid some people won't be getting a paycheck next week... !
Trustee unaware of the Form 8-ks filed..? Don't think so... !! It's either fraud or a bona fide filing otherwise the Trustee would had jumped all over by now... !!
"Suspicious activity" may very well be the unusual huge trading volume during the past few weeks but there is no mention that the Trustee ever objected or rejected a Form 8-K filed and signed by the one from United General (UK) as "Chairman and Interim CEO" of IMNPQ, I wouldn't call this action "unusual and/or suspicious activity"... IMO
I have never cried for a profit made, no matter how small it was... ! :)
The ones that don't exist according to what its claimed... !! but, after all, maybe the shorts exist... and I didn't say it.. !!
Nice gains... GLTA... ! I am out, no regrets and if it comes down again will see... one thing one has be careful is that earnings are coming out on Thursday... !!
When legal matters are involved, semantics is not one of them, it's either black or white... regardless, no matter how much either side scream now, comes Monday next and we will see what happens if nothing occurs before that...!! IMO, longs have a reason to be worried I assume but I think the shorts have a lot to worry about as well if not more... !
I have read the suspension notice several times and still can't find the word "fraudulent" on it...
Looks like it but, a bird on hand it's better then 100 flying around.. !!
Nice movement... I am out for the time being, can't complain, $9 profit per share in less than a few weeks... will wait for the earning reports to see what happens... !!
There are still more assets which haven't been liquidated and that IMNPQ still own and/or will retain.... more to come... stay tune...among others... think of... Cytovia from what I hear... !
That's what it looks... !!
I got a feeling that the shorts after filling their bags and saw the potential of this one keep going upwards were the ones that "alerted" the SEC with their tactics and scam theories, if the word fits...
They (United General) can not handle it with the SEC because they're still outsiders... the Trustee is the one handling it with the SEC
I am not sure but I think you got better odds predicting the numbers for tonight's Powerball than predicting at what price will open when trading resumes... IMO
Worry not... the longs may be worried but, some of the longs here are old timers and thought they had no recovery hopes then, the stock starts climbing and there was a "hope" to recover part of the money, even making even or making a profit... the Shorts on the other side, came in when the stock was trading maybe somewhere between 0.13 - 0.17.. now with this new development, they hope the stock will open at 0.05 or around it comes May 3rd... and make a profit, well, that's fine, but what happens if instead of opening at 0.05 opens at 0.50 because whatever happened in between... I will say, shorts should be a lot more worried than we, the poor longs are... !!! Just a passing remark... !!
And... shorts... don't overlook Cytovia... !! another passing remark.. !
Nothing said here, one way or the other, is going to change the final outcome... come April 30 or May 3rd and we will know who prevailed... !
At ETrade there is a bid of 0.10 and ask of 0.163 shown now where it was 0.00 for both bid/ask yesterday... ???
To the worst scenario, going into the gray market for the shorts to bailout... if every shareholder has his/her shares locked into a selling price of $5 to $10 the, the shorts won't be able to find shares to cover thus, forcing the price up I guess...
The volume I understand (sort of) but the "fake DD in other forums"...?? The suspension was likely volume and fake dd related on forums.
Which one? don't think here or at stocktwits was something close to thatI think...
At this point it doesn't make any difference whether you are short or long, we both, shorts and longs are in two different boats with a plug attached to each one... whoever prevails keep sailing while the other boat's plug is pulled out to fed the sharks... !!
If the required forms are filed and get reinstated they will go back to where they were before the suspension.
Kind of but... not dead, back from where I come from, we bury people after they're dead... not before ! They company may give the appearance to be on life support but not all in life support pass to... wherever... !!
When has government been clean and right...?
We're still on Day One of this situation, lots of versions and imaginations as to what will the final outcome be. We, or I, don't know what the other parties across the Atlantic are doing now. They have until the 30th of the month to correct this problem, I am willing to give them an opportunity to do what they said they were going to do, IMO.
It is very, very strange the SEC did what they did when they have 2 Form 8-ks filed within the last few days. Are they (SEC) after the company or after the MM's shorting this stock by suspending the company temporary and thus forcing the parties involved on the 8-Ks to come up and do what they say they were proposing to do? Were the 8-Ks what signaled the SEC to look as to what was going on..??
"Buy signs"..? where...?
The suspension order was issued or, it's dated as of Friday, no time shown... and comes out today.. !
If you think current holders are nervous, bet ya the worst nightmare for the current shorts would be that this company gets current and trading again... !
They are not out of the woods yet... once forms are filed trading can be restored and they could get themselves in hot waters.... !
The suspension can be lifted once they file the forms prior to the suspension date.
Is trading halted...?
Usually the judge goes along with the Trustee's recommendations... just to turn the page and close the case... !
Will see you guys Monday (in paradise? I mean, here on earth) ..... have a good weekend... !
Without news... but if good news shows up, you can triple that or more...!!
Again, IMO