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Seeing the action today, I'm a bit pissed to not have gotten filled by Nite yesterday at .02. Has anyone tried to buy recently?
I don't know what Nite is doing. It's almost as if it is a controlled dump for someone to buy. All I can say is that I was on the bid at .02 for a couple of hours in the morning, and only got 5000 shares, but yet today, they are dumping shares at .017/.018. I ended up buying some at .023/.024.
I really hope NITE gets ripped a new one, if and when Prom decides to release news. NITE and DOMS were both on the ask yesterday morning at .02. I put an order in at .02, got filled for only 5000 shares, and they both moved up to .023. I'm hoping this is a sign they don't have too many more shares to dump at this level.
Not sure if NITE is still dumping shares or if they are just short? Whatever their agenda is, they seem to also be on the ask.
littlebride,
Thanks for the reply and I can understand why you don't want to give out your thoughts. Looking forward to the day when those short get burned. GLTY.
littlebride, Any idea why there is a holdup in news this time?
getnit, I don't think there has been any dilution. I think all we are seeing is people dumping their shares because they are tired of waiting for Jeff and Ken to get their act together. And people are probably selling now before their big promotional thing, because people are doubting whether they have anything at all to promote. With SC's posts, I feel they have something cooking, but my only worry is that when they do get this stock moving, it isn't going to go far because everyone is going to run for the exits. I know I will be because I've had money tied up for too long.
I really get a kick out of SC's phrase "quality shareholder cultivation" when he talks about Indocan.
NITE is really swinging this one now. Gerry, time to release news and burn anyone short.
What the hell just happened? We were at .026/.027 and now we are back to .017/.02.
Littlebride, Did the company buy back any of those promotional shares over the past couple of weeks?
Hopefully this move is the real deal, and we are behind the last promotion/dumping or whatever the last couple of months have been. L2 looks good after .04.
Looks like NITE may be running out of shares to sell. We'll see next week.
retroman, I'm in about the same spot as you. Have an average cost of .0007, and thought about buying more at .0003 today. I've been in this too long now to bail, so I'm hoping that they actually will release information on a current revenue producer. These constant delays are brutal.
It probably was just someone bailing out, tired of waiting for Jeff and SC to get their act together. Not a good sign though that no one wants to buy the .0003's.
Someone's giving up on IDCN today.
Yeah, there is thought that the float is at 32 million now, which seems pretty realistic with the number of shares traded over the last couple of months. Some think a good amount of those 32 million shares were supposed to be restricted but the T/A messed it up, and now the promoters have been dumping shares. The only good news I see is that there have been no REGDEX shares registered since 9/24.
Sounds like the eagle's flight is being delayed once again. Two weeks is turning into two months now.
I don't think Eturd has updated their O/S since the last R/S. I think the real O/S is 294 million with Dror having 262 million. People on this board are estimating that the float is now up to 32 million rather than the 5.6 million we had in August. Who knows what the real story is though? They haven't updated their website on the numbers since the end of July.
I'm not sure if Indocan would fit into the "lucrative acquisition candidate" category.
Looks like STOCKCHARTER has a lot of work to do this week to hit his two week prediction. Back to .0003 on 5000 shares. Nice.
I would just like an update on any ventures, that are actually making money for IDCN now, if they have any. Everything is always about future events, that somehow never fully materialize.
New update on website:
We are excited about our prospects at the next block claim assignments in Libya. We also have some Mexican claims we are working on as well as furthering the uranium. Stock Charter Group and others held excellent meetings in London last week with very positive results.
We can only hope that Gerry and Dror are buying back shares, and removing them from the float.
Do you think the company will buy some of those 30 million shares back?
I think STOCKCHARTER is buying again...Just took out .0004 for the moment. Let's see if we get any .0005's.
Where is NITE getting all the shares from?
I think it's time for an uptick to .0002/.0003 today.
I agree that the MM's are doing whatever they can to get people to sell. The question is will the company ever step up to stop the trickle down effect on the stock price. If they are not going to PR the value of the gold, they at least need to PR the company buy back plan that littlebride talked about.
Believe me, I'm not laughing either at the stock price. I'm down pretty big right now. I meant the LOL at littlebride's quote a month ago- "Just sit back and watch".
TAKI was right...About to head under .01. Just sit back and watch...LOL.
Hoping there is more than this coming for the world changing event.
Indocan Resources Applies For Libya Bid Process
Monday October 29, 9:11 am ET
LONDON, Oct. 29 /PRNewswire-FirstCall/ -- Indocan Resources Inc. (OTC: IDCN - News) today announces that the Company has had meetings in London, England with Stock Charter Group and representatives of oil & gas concessions in Libya.
We have authorized our potential Joint Venture partners to submit our bids for various hydrocarbon blocks in specific areas of Libya to be accepting bids in the next process coming in December. Libya has been conducting closed bid and lottery type bids for certain crude oil, natural gas, water and other mineral claims on a quarterly basis.
Indocan has mining interest as well as oil and gas interests in Texas, Alberta, and British Columbia as well as other areas yet to be announced. More can be learned at: http://www.indocan.com.
We seek "Safe Harbor".
Company Info: 604-929-7224, Jeffrey R Bruhjell, president
CONTACT: Investor Relations, Ken Ash, 252-728-2925.
Didn't the last press release make it sound like this financing deal was just a formality? And now STOCKCHARTER makes it sound like the interested parties are getting cold feet. I mean, wouldn't Ken and Jeff and the interested parties have already talked about their concerns before Indocan put out a press release talking about them swinging through London?
I won't be selling until I make some money here. If it goes to zero, I'll guess we'll have to head over to Madagascar and get our gold ourselves.
I'm still holding. Just playing the waiting game to see how this plays out. I'm wondering whatever happened to littlebride, and I wish we could have found out the purpose of the REGDEX shares...Had to be a reason more than promotion.
Wasn't STOCKCHARTER supposed to be in London earlier in the week , and didn't he say that the IDCN's world would change for the better in two weeks back on Oct. 11th? Well its been two weeks and he's just now leaving to London to talk about dilution? You have got to be joking me.
No trades for over an hour. Get the mechanics over to the printing presses.
You are probably right about that. Although what is frustrating is they already did this back in July when they diluted, the people in the know probably bought in at .02, and then made a killing when they could sell at .35. And it looks to be happening all over again.
Now that the float has increased since August when it was 5.6 million, I think it will be harder to get back to that .35 range. I'm just hoping for one more pump to over .20, and then I'm out, because I have a feeling that the dilution cycle will repeat.
Yeah, remember when littlebride said that the company was going to send verification of the 35 million in gold to clear up the "Caveat Emptor" issue on pinksheets....Hasn't happened yet. Something smells fishy.
Looks like there hasn't been many new postings on the bash Gerry website!
http://www.hotstocked.com/officers/g/gerald-e-sklar-16551.html
Yeah, whatever happened to Daviboy?