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why would an announcement like this cause the stock to drop the next day? for both companies
Why is everyone surprised and upset that there is no news on this?
https://www.otcmarkets.com/stock/SEEK/overview
Please note on the right hand side it says "DARK OR DEFUNCT" meaning he stopped reporting. So why are you sitting around waiting for a report?
Take SEEK at face value now and make your decisions based on your gut, not the mythical "reports" that the CEO is not going to make.
STILL a better love story than Twilight.
ToG
Seriously? If $94,000 traded, then $47,000 was buys and $47,000 was sells. Unless you know a way to buy stock when no one is selling, or to sell when no one is buying....
STILL a better love story than Twilight.
ToG
Happy Father's Day to all the Dad's out there.
TDAmeritrade says Level 2 quotes are NOT available for OTC, yet IHUB says they are. That simply mean I need a new broker to get level 2's?
ToG
ATM, I do not have membership on IHUB, still trying to find the value in it.
Follow up to the PM's I recieved:
Holding job until the plant closes. Last day should be middle of Sept to beginning of Oct. Gives me a couple months to see what works before I go full time on the stocks.
So in theory, a low float is good? I always thought a low float meant lenders and insiders held most of the company making R/S likely to open up stocks to generate money. Am I understanding the float wrong?
Finally, is it worth it to have the membership to IHUB other than PM's?
ToG
I saw one that listed 9B A/S in 2011, and when shown a filing from 2015 where the A/S was raised to 30B the poster was accused of fraud and posting wrong information, even though a link was provided to show the filing. Some people get stupid when it comes to what they will consider DD and what they won't.
I'm still muddy on the whole A/S, O/S, Float thing, but researching that also. I understand your comment on diffing ideas....it's hard to find information that isn't biased.
which is why you say get in and out fast. Any recommended reading (other than this board) that gives sound advice for say warning signs of R/S, or companies about to go defunct or no sale? Or is that part of the risk of OTC/Pinks?
I have paper traded for years and yes, made money paper trading. Time to step up to real trading. Small time (5 stocks) has produced varied results, but not enough to replace my income. Time to take the risk and step it up. But I am looking for sound guidance versus blind obedience and nay saying(my wife and her family think I am insane and should stick to a 9-5 paycheck to paycheck existance). Is there a point where Pinks become more reliable (pps) and not as sketchy as the trip 0's?
ok, what would be realistic? And for the record, I am a numbers guy who keeps notebooks of information on games I play. I currently have a list of just over 400 stocks I track daily. Trying to zero in on the ones that show activity.
My job is relocating in a couple months and I am NOT going with it. (Can't justify driving 120 Miles round trip per day with no extra pay) so was hoping to get into stocks to replace my income. I am NOT a pie in the sky, quick easy money type of dreamer. My plan IS/WAS to find 100 Pinks to invest $100 each in, one or two tick flippers, nothing long term and hope that at least 6 of them flip each day to be replaced by 6 new ones. Is that realistic?
Watching these boards would be enough to scare any new investor away. How do you find so much information? I can do basic research, but you gurus take it to a whole new level.
As this is a DD board, anyone know where I can find a list of say 100 OTC stocks with NO scam alerts against them? Or would I have better luck finding a leprachaun riding a unicorn?
I hate to say this, but in my DD it would seem that after a R/S the only way to make money is to short the stock. Once the R/S goes through, they NEVER reduce the A/S. Meaning they reduce the O/S by 1000, so they can issue that many MORE shares to unsuspecting people to keep the money coming in. This is called a dilution scam. Drop it to trip 0, R/S, reissue shares thus diluting the price again back to trip0, wash rinse repeat.
Still a better love story than Twilight.
ToG
Just an FYI: Normally takes about a week for most "new" shares to be available. Last R/S I got socked with I had mine in about 3 days, but some people waited 2 weeks to get theirs. Worse part is: Every single shareholder will get socked with a "transaction fee" by your clearing house (TDAmeritrade/Merrill Lynch etc) since this is considered "buying new shares". Some companies I have heard are hitting people with the higher "broker assisted fee", which could run $30-$60 depending on your ch. TD only charged me the $6.95 commission. Just make sure you have enough cash in your accounts to cover that unexpected hit.
On a side note, it appears he only does one R/S per year, so we should be good until May 2019........
As always, Still a better love story than Twilight.
ToG
THANK YOU!! I was not finding the link until you posted that. For the life of me I could not figure out what I was missing that would get that label on a stock without being attorney or cpa. So they are simply warning people that "This company is working with questionable characters."
Thank you again.
I realize this is not a DD board, but you brought up an interesting question? How does one tell the difference between a paid promo and an enthusiastic supporter?
Unlike SEEK, Berkshire Hathaway was NEVER a sub-penny stock though.
Thank you nodummy, but how does a company get on that list if they are NOT attorney or CPA? I first came across the term in reference to SEEK (TheDirectory.com). Can the title follow an individual from company to company?
For the sake of my own DD, can anyone explain what exactly a "Prohibited Service Provider" is, and how a company gets on that list? Googling it takes me to the OTC list, but no place actually explains it.
Where are you getting your information? " Jan-May 5 BILLION NSS reported!" As of 5-15 only 2 MILLION shorts reported. PLEASE enlighten me on your source so I don't feel stupid for missing something "YHUGE"
Unfortunately, I must concur. If you go back and look at the activity of each of his tickers you will see a pattern of "runs" every 2 years (ish) followed by 2 years of flat lines. A couple cycles of this (depending on how fast the ticker loses interest) and he moves on.
SEEK "ran" in 2011/12, flatlined in 2012, started running again in 2014, flatlined in 2015 and has been pretty flat since February, 2015. We have seen 2 "bumps" where it tried to spark, but never took off. I would read that as an indication that the interest is dead and time to move on.
Still looking for the Cease and Desist orders that must be out there somewhere.
Very nice DD, if this were the UCSO board. The first 3 posts were UCSO, not SEEK and the one and only post about SEEK is 3 YEARS OLD. UCSO looks promising, until SG begins his dilution cycle. But SEEK is dead.
https://www.otcmarkets.com/market-activity/short-interest-data
2M on shorts would be covered in a day no sweat at current trading levels. Truth is, SEEK has been squeezed for every sub penny SG can get out of it and he is now abandoning it for another fresh lemon.
But the good news is if you order your shares in physical form, 100k at a time, you should be able to wallpaper the bathroom with it.
Thank you, I was simply having trouble understanding the full extent of the "Off-Topic" rule. Tisha explained it to me in PM, so I believe I understand it now.
Thank you again.
TOG
Round 3:
SEEK may or may not go to the moon.
I was not refering to you personally in my post as it is a violation of ToU to attack individuals on this site.
SEEK may or may not recover from this.
Thank you for your time.
TOG
Just my opinion, as always, but I hope that was on target enough to be allowed to remain on the board.
Whom do I speak to about clarification of a Rule? Would that be done here?
I understand and IF I stick around, it would simply be to see where it goes. I do grow attached to certain nics or stocks and like to keep an eye on them. I keep my own list of winners/losers and add to them as needed. I was simply questioning the polarity of the board. There seems to be no comparing notes per se, but simply black and white either you are on my side or you are lying (pick your side) type of conversations. DD is either ANCIENT and outdated (which is systemic of pinks) or it is called false. And no one budges on a belief. As a new investor, I question how some people can call themselves "Informed Investors" when they refute any piece of evidence that may contradict their personal position? I understand hope. I HOPE this stock runs and I make decent money. That IS why we are here, after all. I have no personal attachment to most of these tickers and am doing this to make money, as are most of you. So unless you are one of the so called "paid promoters" or an insider in the company, why the blind, hateful bashing of those who oppose your position? I would think EVERYONE would welcome honest information.
And for the record, I was not calling out you personally, I simply used your post as a doorway to broach the subject as I have poor luck with similar questions surviving on these boards.
BoLTA
TOG
How is that different than some people's mentality to ignore facts and keep running a dead horse? I have seen the two sides of this board: One side finds nothing good to say about the company, and one side finds nothing bad to say. I would think that as realistic investors/flippers/traders (insert your own term if you wish) we would all be looking for the truth in here somewhere and we would stop bashing anything that is posted that is contrary to what we want to see happen. I hold shares in this company. I got in a hurry and failed to do my research on the man behind the company. I learned that lesson once, and failed to heed it this time. I have no research that shows this company is recovering. And the pumpers have yet to produce any. I am hopeful that I can maybe turn this into a one tick flip, but it is not looking good.
Thank you. And that was posted in your previous message, I simply missed it. The joys of working 70 hour weeks: you start getting tired.
Since you seem to know your research, can you tell me what a Prohibited Service Provider is or at least where to find the definition? I know SEEK is on that list, and the board has told me once they got over it, but noone is saying what it means and how a company gets on that list. I tried googling it and got a link to the list, but never found a definition.
Thank you, and as always, STILL a better love story than Twilight.
Do you know when SG acquired UCSO prior to this merger/acquisition? I mean, he was already listed as CEO, when did that happen?
https://www.otcmarkets.com/market-activity/short-interest-data (type SEEK in the search bar to the left for the most recent information)
According to latest filings with OTCMarkets.com, there is a whopping 2,434,828 shorted shares(that is Million, with an M not a B) as of last filing date on 5/15/18. As always, the information is a little behind, but Finra members only have to report twice per month on short positions. This report states 1 day to cover, and as it is the end of the month, I would expect the current filings are due around the first of June so we will get a more accurate picture then.
If you reference post 140966 ( I hope this works)
https://screenshots.firefox.com/MNwOvzyMrA0FV5IH/investorshub.advfn.com
There has been chatter of this alleged "short Squeeze" from the day after this filing, so I am willing to bet that, as pointed out over and over on this board, this is a wishful thinking concept and not actually happening. Again, we will see when the new reports are made in the next couple days, but I would think that it takes more than .02% of a stock shorted to qualify as a short squeeze, wouldn't it?
As always, STILL a better love story than Twilight.
Has anyone checked SG's resume?
About_Face Communications.....Private company
Avalon Investment Fund....Private company
US Biodefense Inc..Private company
FTS Wireless Inc....Private company
FTS Froup, Inc....Private company...(also owner of TheDirectory.com)
Piedmont Inc...Private company
Arise....Private company
So after increasing AS in 2015, he goes dark and silent. Now selling assets to pay off debt. I would say he is on the verge of privatizing this company also. THAT may be the big news in June or July.......
Time will tell.
As always, Still a better love story than Twilight.
What is a "Prohibited Service Provider" and does that affect anything?
IF you ended up with my shares, you bought at .05 and now worth .018....not a good ROI. And I did see a dentist. Have a nice new set of chompers now.
GLTA, and STILL a better love story than Twilight.
Once the R/S was finished and my shares were available I sold them for an 80% loss. I knew this one was going down to subpenny again, given the track record of the scammers running it. Not sure if I should feel sorry for those still holding shares. I mean, wash, rinse repeat. They have done this before and will do it again until noone invests anymore then they change names or companies and start all over. Sell now while you can, assuming you can find buyers.
Just my opinion, but STILL a better love story than Twilight.
Can anyone tell me what a "Prohibited Service Provider" is and why SEEK is on that list?
https://www.otcmarkets.com/stock/SEEK/overview
FYI: I found this article dated February from Insider Financial. Not sure if the author feels the same now, 3 months later. But here for you review.
https://insiderfinancial.com/is-minerco-inc-otcmktsmine-a-scam
As always, my opinion, and STILL a better love story than Twilight.
FYI: Priwen is listed as a Guard in Final Fantasy XIV, as a chemical manufactured by Bayer, as a deregistered business in Florida (Under Priwen LLC), and even mentioned on a site specializing in CHINESE mining endeavors. Yet even the Bloomberg report lists very little about the company as referenced by MINE. https://www.bloomberg.com/profiles/companies/1579540D:CN-priwen-systems-inc
I find this lack of information disturbing, however as a private company, they are under NO obligation to give out details of their business until this "merger" goes through, assuming they choose to trade publicly as MINE.
Just putting it out there for those too lazy to do DD on their own.
In any event, my opinion and STILL a better love story than Twilight.
Just for the record:
If you follow Scott Kettle's resume, it reads pretty much the same...Bankruptcy, dissolved, dissolved, dissolved, dissolved, GAWK. One of those companies even went bankrupt and changed names twice before finally dissolving. He had one phone company that actually dissolved over night leaving the customers with a recording to call one of the other phone companies for service. We should have been more diligent on the man behind the scam. lesson learned.
2 newbie questions for you:
1) a stock says "Public Float 0". Does that mean a glitch in the system or it is not available for the public to buy?
2) What is the track record of the "Breakout Board?" Worth watching? On today's list, I actually have 12 of them that I have been watching since February. Would that make me ahead of the curve?
I realize that was actually 4, 5 if you count the compound sentence, but just like the stock market, you don't always get what you're promised.
Just my honest opinion, but still a better love story than Twilight.