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800,000 @ .005 on the ask - next jump is .006
Lots of small movement. Looks like sellers aren't conceding to whatever is on the bid anymore!
I don't remember Steve saying anything like this. It behooves him for the PPS to increase (based on him being paid in shares), but Steve's mentality is to grow ETEK into a solid, profitable company and the PPS will follow.
10,000 share orders!? ihub says 10,000 VOLUME!
500k on the bid @ .004, 495k on the ask @ .005. We're going nowhere fast.
Edit: almost 20k volume! We're really cooking now! </sarcasm>
Ask them (or Steve)
Why would a reputable auditor put his name out with a quote saying he expects to release the 10k if he didn't think he had all of the pertinent information?
You're fishing.
IMO that depends on whether you think the company is doing legitimate business or not.
I am more interested in the company than the PPS right now. I think getting the 10k out next week will do a lot to confirm the validity of Steve's previous claims.
LOL! I'm not looking to buy today, so it behooves me to clarify negativity. It also gives me a chance to learn if I misunderstood something previously.
Do you mean file for delay of filing twice? (Once for 10k, once for 10q?)
If so, that would be expected by the SEC and OTC. You wouldn't file the 2015 quarterly report if the 2014 annual hadn't been filed yet. THAT would be far more suspicious to the SEC. After all, if the previous annual hadn't been filed yet, what are the new quarterly numbers based on???
Edit: Wait, are you just trying to buy up some more cheapies? If so, sorry for busting your balls!
Two major things.
1) There were two entities which did not need to be separate. Steve wanted them merged in the books (and rightly so - you want transparency? Don't try to chase down multiple sets of books for one company.) The merge needed to be finalized before the 10k which means their books needed to be merged before the 10k.
2) The previous management and accountants messed up (see above case of multiple books for the same company). Their mess needed to be cleaned up - and properly, not in a quick cheap fashion.
The thing you have to realize today is that Steve isn't calculating each move to try to get the PPS up as fast as possible. He is calculating to try to make the company productive and profitable. The PPS will follow eventually. If you were here to jump in, ride the PPS 800% and jump out the next day then you should have been looking for a pump and dump. This is not one.
What do you mean "if they had to do it twice?" A previous 10k was never filed. Steve chose to have the accountant finalize the merge between the two different ETEK entities prior to finishing the 10k. That and the fact that the previous accountant didn't do their job correctly led to the delay in the 10k.
I thought the SEC requires them to be filed regardless? There are penalties per OTC for filing late, but they still have to be filed before future filings can be on time?
Either way, the accountants and auditors need to confirm the state of the company so future filings can be correct.
That was my thinking as well. I think the golden ticket in the 10k is that it means:
1) Consolidation of the entities is complete.
2) The accountants and the auditors all have a firm grasp on the state of the company.
3) The 10q is coming (and should be fast after the above have just completed an annual)
4) After the 10q we'll be back in the running for an on-time 10q
Do you think the CC will come before or after the delinquent 10q?
Big words, got evidence to back up your wild claims?
If you've been holding the last two months it sure as hell is worth holding until the 10k is released.
...are two things which wont be happening next week.
Bid is already above the current price.
Agreed. AND
while Steve is as open and transparent as they get, he isn't interested in tooting his horn right now. Any PR/news released right now is strictly his attempt to avoid potential insider trading threats.
Steve's focus (which he will tell you if you call him) is to grow/build the company over the next 1-2 years. Right now the focus is cleaning up the mess the old management left. I suspect the order will be 10k, 10q, conference call - where the call will be about putting the past behind us and Steve's vision for the future of $ETEK.
Judging by the action here on ihub, I think anticipation has already begun. I don't think we'll see anymore .004s.
ADTF has a 1M bid @ .0042
I think that's a little optimistic at this point...
What spike are you talking about?
And what do you think the pps should be right now?
MAXM just moved back down to .0055
Edit: Within a minute or so they got some action at .0050 and moved back up to .26
yeah. I figured based on the trades of the past couple days, someone would stoop down to the bids. There was enough building in the high .004s that I figured I could slip my little add in there too.
I sure hope whoever is selling to the bid is paying bills or buying a wedding ring or doing something meaningful with the proceeds. Otherwise they are going to be crying next week.
Thank you SUCKAS!
I still don't understand WHY anyone would sell under .005, but I'll take it!
Agreed, but with the level of stability we have held over the last couple of months I am pretty optimistic. I still think getting in at .005 is cheap cheap!
I still just don't think this is going to make serious upward movement until next week. I think we are solidly in the .005s and low .006s until next week.
I have my position, but if I can add a few on the cheap I will.
Somebody wants to sell low today... They are getting sleepy... very sleepy...
Dr. Evil, don't you want to sell in the .004s today? Didn't you say you wanted to dump dump dump???
Your opinion based on what?
And if your objective was to attack OG here, there's not much point. For the last couple months his predictions have been... optimistic (at best).
ETEK starts rising again next week... imo.
200k order @ .0049 and the .005s won't come down to make the sale even though they've been waiting at .005 most of the day (CTSI and MAXM). Someone's more interested in holding PPS than selling.
Someone is trying to bait low .005s. Will suckers actually sell that low?
10k available @ .0061 - a bargain that won't exist in 2 weeks!
Even if the 10k doesn't look good, it will do two things:
1) Make the 10q look better
2) Get ETEK closer to being up-to-date in filings
Once the filings are up-to-date, with the way ETEK is growing I don't see any reason we won't be in copper.
Doesn't he HAVE to publish (either in PR or a filing) if the auditor gives him information like that to avoid a potential insider trading problem?
+1. Completely agree. To add to the big sellers, any time we run into the high .006s some big sells pop up.
This is great news for many reasons (not the least of which is the fact that Steve is being open and running things the right way), but I think we are fairly stable until the 10k.
For investors looking at this as a potential buy, take heart in the fact that we ARE stable in the .006s even with the late 10k/10q and will only go north in a couple weeks.
I still don't see a way we close over .007 before the 10k. BUT it is nice to know that 10k isn't far off now! And the 10q shouldn't be too tough for the auditors after they have just gone through all of the junk relating to the previous bookkeeper, combining entities, and the 10k.
I have my doubts.
I had a hunch! Looking forward to opening bell today.
So are Kapps and Entrepreneur still going to sell us their shares?