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Outside of a few days, volume has not been that great considering how much the pps has fallen over the past couple months.
Pretty obvious the price is being held down, regardless of the mechanism. Has anyone even seen PR of class lawsuits as is always the case when a company takes a huge tumble? There is method to the madness here, significant bounces even with Q attached are commonplace. We'll find out eventually what's going on.
Yeah, it's not coming out of the float as advertised. It's payment for something or other, some kind of deal;
or, NITE and other mms even are manipulating as often the case in OTC trading.
Something along this order seems most likely to me ... "some sort of equity-related exchange for debt that is pegged to a certain conversion price, and the crooks are using NITE to maintain PPS at a certain level".
Agree, makes no sense to keep filing these amendments if bk is planned.
If this is naked shorting b/c of guaranteed inside knowledge of bk, that could be an explanation. Not even a fool would still be shorting at this price otherwise.
If there are shares to convert through dilution that hasn't been reported, that could be a different explanation.
If there were general knowledge of bk, the drop would have been drastic along with the volume instead.
I don't buy that people are just gradually selling day-to-day b/c of bk speculation.
Any other ideas?
Well, what did they say when you did that? I missed your earlier post about it.
Thanks, good to see some balance regardless of the outcome with DOLN.
I think you're on the right track, NITE has been on the ask relentlessly, more than justifies selling off the O/S. Some kind of share deal seems to me and I believe gives further credibility to a non-bankruptcy plan.
Practically all funds of course because of low pps/moving to OTC and see post 269 for another example.
Trying to be optimistic that bk is not planned for, and I don't think that any of the recent filings are required if it is ... there are technical reasons that require shares to be sold as mentioned before. Hopefully that's what's going on.
When/if NITE really leaves, there will be a real bounce I believe.
If NITE would lay off, it would be more encouraging. But at least pps is heading in a better direction.
Finally, thank you.
Any explanations for the recent filings of Form SC 13G/A in relation to bankruptcy preparations? Thanks in advance.
I guess the CRO was involved in the credit line modification and you'd think he was hired to do something difficult that the company needed. I don't think you normally hire a CRO to do a bankruptcy, doesn't the company have in-house lawyers? The whole thing is confusing to me. I still don't see the guaranteed BK because of the pps, guess I'm being stubborn. We know that most if not all of the fund-related share positions had to be sold off.
All the talk about BK, about a note being due the end of March. How much $$ I don't know. I've read the company has considerable value bookwise. I've seen cos bounce back from the teens before and I take nothing for granted. Selling has been relentless, but again is it due more to requirements like this instance you cite and panic derived? Trying to remain positive that BK is not a certainty.
Interesting interview, but I couldn't tell what's going on from it. What's your take?
Yep !!
Well, again, they put a low lid on the price. Same old story. Too bad they won't let it run a bit.
Is this going to regular OTC or pink?
What's going on with the r/s? I thought it was imminent quite a while back.
Todays news: focus on 3 mines. 2013-08-21 13:11 ET - News ReleaseCAMPBELL, CALIFORNIA -- (Marketwired) -- 08/21/13Monarchy Resources, Inc., (OTCBB:MONK.OB) -The Company is solely focused on its interest in the following three mines; Morelos, La Luna, and Peneto. The Company is a 45% shareholder in New World Metals, the owner of these three mines located in Chihuahua, Mexico.The Morelos mine is 21 hectares and has gold and silver as its main minerals with assays averaging 2 grams of gold and 600 grams of silver per ton. Currently there is a stockpile of 4,500 tons of ore ready to process. Production is currently 30 tons per day. The Morelos mine has over 1,000,000 tons of proven and probable resources and an additional 550,000 tons of inferred resources.The La Luna mine is 30 hectares and has gold and silver as its main minerals with assays averaging 2.5 grams of gold and 600 grams of silver per ton. Currently there is a stockpile of 300 tons of ore ready to process. Production is currently 25 tons per day. The La Luna mine has just over 300,000 tons of indicated resources and an additional 413,480 tons of inferred resources.The Peneto mine has gold and silver as its main minerals with assays averaging 11 grams of gold and 170 grams of silver per ton. Currently there is a stockpile of 500 tons of ore ready to process. Production will start at 15 to 20 tons a day. The Peneto mine has 160,000 tons of indicated resources and an additional 138,000 tons of inferred resources.The Company will continue to keep its shareholders updated as developments on these three mines occur. "From Stockwatch website".
Here's the bounce. The price is hitting the bottom today, might be a bounce soon.
Not bad, not bad at all. I see some good activity.
Let's see 25 cents today. I wonder if it hits 25 cents today.
The price might grow gradually. Maybe they want to let the price build over the time? If per say the promo goes for one or two months... Just a thought
I've followed the board and I think you do pretty well all in all. I started by asking a valid question about liquidity on a specific pinkie, wondering if additional info was available. Anyone can point out specific pinkies that have overcome the lack of liquidity issue and I can point out at least as many that haven't. I'm not trying to get into a pissing contest and don't mean to be argumentative. My apologies if I've offended anyone.
Agree about the scams, but we can count off tons of pinkies that drop to being worthless and die without a bounce. Not much chart to play when there's no volume ... good luck just the same.
NOXL? Liquidity basically nada. And it's a pinkie. You got inside info that it's not a scam?
BNLB .116 Up nicely since earnings came out. Waiting for more buyers, volume better but needs more.
BNLB - Nice earnings out last night, needs some volume.
GOOG could end up shooting itself in the foot by declaring this workaround, which it wouldn't otherwise have looked into had it not received an unfavorable decision from a jury. I would think the judge would frown upon their actions, considering otherwise the results to be a waste of the court's time and a flaunting of the jury's decision.
GSS working its way back up. Great buying opportunity yesterday, even now likely.
Just curious where you got this info. Thanks in advance.
SWCI down big yesterday, should bounce back
Good to read a realistic post. Sure I'd like to see a high settlement from MSFT, better yet a buyout at $15 dollars. But these posters who say hold until $20 or whatever are either pumpers who want to dump or ppl who belong in vegas, not in the market.
REDG on a tear.
REDG nice finish ... looking good for tomorrow.
REDG .01 looks like it may be ready for another push.