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may be but i am done, just sold my shares, every time when i should have gotten out in other plays i didnt and lost my ass, i just lost my ass and want to keep whats left. My guy says get out so i am listening this time.
GLTA
I won't be back.
Order placed, I am done trading pinks forever, I lost a shit ton las year an now this year off the get.
Going to stick to my retirement fund, at least that is giving me a EOY positive %
I cant see anyone buying this after the r/s, its going to continue to drop like a stone.
The way the bid was hammered yesterday, I can see them trying to wipe it out with their shares locking everyone in.
I think its that time. I am already down so much on this its sad. Dont eat to loose more.
I can't understand why there would even be a bid with all this going on
it will be lucky if it ever goes past .0004 w/o a r/s.
The only way it could possibly happen is if they actually are using the funds to work those supposed wells in west PA.
We all know its pure BS but you can dream.
your shares will get reduced but the $ amount stays the same, everyone will immediately start selling because its going down again and where if you sold at 1 you lose what ever that amount is for you now, with the r/s you will loose more than that as the pps is higher now and can go down even more
yeah, it's unfortunate I flipped back into this prior to the news of the share increase. Hell at this point I would be happy to sell at 3 the way this is going
I just dont see how a company can say yeah we are going to raise the float to 5 bill, sell all the shares then turn right around and say now were going to do a r/s.
How the hell is that legal? I would think they would be required by thenSEC to wait a certain amount of time after a share increase before they can do a r/s.
I am ignorant on this facet of trading.
SEC mainly, if what their doing is illegal how do they get away with it?
Do you think they take it to no bid first or right after they exhaust the 5bil they immediately do a r/s?
Is there a time limit before a company can conduct a r/s after doing a share increase?
in English please...
I dont know enough about pennies to understand how they can legally create shares with no actual product, at what point does the powers that be hold them accountable?
Yeah looking back there were a couple 400m share days, we haven't come close to that
if i learn its creditable i may try and pick up some 1s but doubtful
I seem to be a magnet for those
I try so hard to not watch this but its like a train wreck, i can't help myself
Question is, the shares being dumped at 1, are those retail buyers getting out or are those fresh shares being poured in
They are burning through those shares hella fast, if they don't use the money for actual business this is going no where.
I know many say this is fake, I am not selling just in case they decide to pump this and it
hits 5 or 6 again, as long as they don't r/s I am not too worried, I am guessing one day it will go back up. Especially if they did use the money to work the wells.
All it will take is one PR showing profits and this will take off
with all the 1s being sold now its going to take a miracle to get this north of 2
Not gonna happen
How much was that 2 trade?
I see 36m shares traded on e trade.
123 mil on the ask holly shit, its about to explode and the ones are going to be pounded on
I cant see current sales, were those big sells at 1 or lots if smaller ones?
Thats what i am hoping, they are actually using this money to work the wells
56mil on the ask? We are going to slide back for sure if some news doesn't hit soon
huh, I wasnt aware of that. Well hopefully its a positive sign because that paint at EOD was BS
That would be a t trade, pennies dont trade after hours.
where did you see the trade?
How is there a trade after hours? Was it a T trade?
All those that recently bought in thinking this was moving north quickly are pretty upset right now and I am sure most of them are the ones on the ask at retail trying to recoup their investment
It's gonna be one of those days it seems
yeah, more than likely they are immediately loading the ask after that buy
never mind
nite is at 3 so thats good
yep exactly what i am doing
If i knew thus comp was legit i would have no prob dropping another G on this Monday. Cant take the risk with the 5k i already have vested.
millions it appears
they always hide their shares