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Because you like making money.
Web,
With all due respect, what makes you think we can trade that high other than purely on momentum?
P344,
Really nice it would be. I would have a lot more in my high risk arsenal to fire at some more promising sub-pennies!
I had my extremely high risk money in usxp just waiting for the CEO to make an announcement about closing one of their acquisitions or about their Jackson memorobilia auction, but this is a much better opportunity here, imho. If inxr runs I can always go back to usxp with more ammo. Thanks again.
Art,
Thanks for notifying me of this possible gem over the weekend. After doing a little dd over the weekend I have decided to take a position tomorrow morning.
Oh, and by the way, when I was at Schwab we bought Cybercorp out of Texas to use as our active trader platform for between $300-$350 million so if this platform is what everyone states it is then we probably have at least a $200 million asset here depending on who the bidders will be.
Going long inxr tomorrow at the open. Hopefully, it doesn't gap too much. Looking to pick up about 1.5 million shares in the .0011-.0013 range. One of my siblings is a penny mm and I too was an NYSE trader at Schwab so I am all to familiar with these types of runs. As many on this board have stated, it is all about the momo righ now with inxr. As long as we didn't catch any mm's short on this one they will let it run its course until the momentum fades which we hope will be after a few pennies!
I have a feeling that this is just the shakeout before some big news next week, just a hunch.
I believe we are in for a nice ride over the next few weeks and months because there are several catalysts that could drive the stock price up. The first catalyst is obviously the Middle East funding and the announcement of how USXP will use it. The second catalyst could be the Superbowl and the added business it brings to Luggage Express in South Florida or, possibly, an outside shot at a Superbowl commercial. The third catalyst could be the next quarterly report that will show exponential growth in several of USXP's subsidiaries as evidenced in the company's recent pr. The fourth catalyst could be the Jackson auction which, once it occurs, could generate up to $50 million for USXP. The fifth catalyst is the possibility that the "grandfather clause" gets repealed, it is a longshot but if it materializes the longs will be very happy. If and when a few of these catalysts materialize we should be looking at a few pennies for USXP, imho.
Now if we could just get a pr announcing the closing of one our our hundred million dollar deals, i.e. the new jersey oil and gas distributor. Then, RA follows that up with the annuncement of a share buyback. Finally, we get an announcement from the auction house as to when we sell Jacko's stuff and we could see multiple pennies. All of this is in my opinion, of course. Hopefully, its not in my dreams, lol.
We need a pr with a little meat in it within the next few trading days to get moving in the right direction again. It would be nice to see some sort of announcement about the closing of one of those pending acquisitions RA had alluded to in his interviews.
Theoretically it would create a short squeeze but I have a strong suspicion that short-covering is exactly what is going on now. You would have thought that the funding pr of the other daywould have caused the stock to go up significantly even though RA chose not to put specific numbers in it, but instead, in my opinion, the mm's have used RA's omission as an opportunity to hold down the stock and accumulate. Again, this is just my opinion but I would love to see some sort of acquisition by usxp to get to a higher exchange to see how it plays out. Thanks.
If usxp was to buy ans then that is our amex listing. would love to see it happen.
You will have to excuse my ignorance as I only bought in again recently, but what is this ANS that you are talking about? Thanks.
Cougar, it is just a matter of time before we take off. Once the mm's accumulate what they wnt they will let this run. If you look at the trades going off you see that most of them are buys over the last few days. I just copied a small snapshot of the trades and here they are :
0.0032 99999 OBB 11:03:23
0.0032 1000000 OBB 11:02:10
0.0032 200000 OBB 11:01:12
0.0032 400000 OBB 11:00:54
0.0032 1000000 OBB 10:59:31
0.0031 43000 OBB 10:56:28
0.0032 800000 OBB 10:55:55
0.0032 95000 OBB 10:50:33
0.0032 150000 OBB 10:49:57
0.0032 5000 OBB 10:49:52
0.0032 100000 OBB 10:46:05
0.0032 315000 OBB 10:45:11
0.0032 1000000 OBB 10:44:49
0.0032 160000 OBB 10:44:47
0.0032 1000000 OBB 10:44:40
0.0032 190000 OBB 10:39:31
0.0032 20000 OBB 10:39:12
0.0032 2400000 OBB 10:38:56
0.0032 2000000 OBB 10:38:19
0.0032 600000 OBB 10:38:04
0.0032 600000 OBB 10:38:03
0.0032 800000 OBB 10:37:30
0.0032 319687 OBB 10:36:57
0.0032 2465 OBB 10:34:19
0.0031 3000000 OBB 10:33:05
0.0032 500000 OBB 10:32:28
0.0032 50000 OBB 10:32:23
0.0032 800000 OBB 10:32:07
0.0032 500000 OBB 10:31:43
0.0032 1500000 OBB 10:31:09
Agreed Pennyking that would be one of the best uses of the funds if it is substantial enough to close some deals and start buying back shares. For $45 million we could buy back almost 13 billion shares. That would be very wise on the company's part.
ot: ff, I agree that it would go up from these levels with any news but I just couldn't wait any longer. It seems like management could have us on the edge of our seats for another few months or so, who knows. I figured I would try to make a few quick trdaes and then hopefully get back in before any significant upswing.
ot: ff I sold out my whole position last week because of the dead money here. Check out usxp's announcement today. I know it is a trading stock only but it may have some legs here in the next few weeks. Good luck and have a great day.
Agreed Hazarderk, now we need to follow this announcement rather quickly with announcements of closing acquisitions or a large pending acquisition like an airline. The funding announcement could just be a springboard for greater things to come. In my opinion, we could see .10 again in the next few months.
The pr is great, but it would have been nice to see a dollar amount of the funding in the body of the pr. Now we may have to wait until June in the 10q to find out how much we were funded for. Not complaining, just an observation.
That's what I'm talking about....let's make some dough. I have to pay down that credit card bill.
Vecta, where do you see the news?
let's hope so vz. Have a great day!
Thanks Stress, I appreciate the info. I googled it last night but I couldn't find a site where it stated the Islamic holidays in terms of the western calender. Thanks again. Have a great day.
Does anybody know when the muslim holidays are over so RA can pop the cork?
Anybody here have any idea how much money usxp is looking to get from the Saudis?
Well, looks like I was wrong about the selling easing. See you in the .002's. Come on RA, time to pull the trigger on that Saudi pr.
Just a hunch, but I think the selling will ease and we will go up tomorrow. If not no matter, because I can read between the lines when RA speaks and it is just a matter of time before we get that Saudi financing pr, imho.
ced70, agreed. Have a great day.
Thanks stressfree, I like the range you are talking about. Have a great day!
All the message boards, especially RB, for this stock are a joke. I bought this stock 4 or 5 years ago and the message boards had the same debates and accusations then as they do now. People said RA is a crook and a fraud, the company said the judgements were collectable, the stock is being naked shorted, etc. Some of it may be true, none of it may be true, or all of it may be true. To be honest I don't really care because all I know is that when RA puts out one of those pr's detailing several hundred million dollars in funding (just a guess, imho)has been arranged with Saudi partners this stock is going to multiple pennies and I am going to sell for a huge profit. That's the bottom line whether people on these boards want to admit it or not because this is a classic otcbb stock with great liquidity that moves on decent news. That being said, take it for what it is worth and try to profit off it.
Thx mrktmakr
L2 please
This is getting really old. I don't understand why a company would remain public if they don't plan on keeping their shareholders abreast of corporate developments. Pretty sad way to run a company if you ask me to just sit by and watch your stock price erode without even a hint as to what is going on.
In my opinion, there is no excuse for this lack of communication by IDCN management when they supposedly have so many "irons in the fire." I know them issuing a press release is totally out of the question until they have something significant to announce but how about a website update letting us know if anything is going on behind the scenes. The last thing we heard from them is that they were on the verge of closing some new deals and then nothing for three months. Needless to say that is not the way to run a public company. If management wants to keep company business so hush hush maybe we can get a piece of all that private equity money that is being thrown around and take IDCN private, lol. Oops, I forgot, we don't have anything to sell them except shares.
Getnit,
Thank you or posting that e-mail. I guess we will just have to wait and see. It would be nice to see some movement by Christmas. Thanks again and have a great day.
Jack
Getnit,
I am sure Jeff likes working with them, but do they like working with Jeff. What makes you so sure .0005 will be in the past as of next week? Do you know something we don't? Just nod your head if you do, lol. Have a great night.
FF,
I agree this is pretty pathetic. I guess management just doesn't understand that when you are a public company and you put out news saying you are very close to executing new deals, and then not another word about it for months, your stock gets HAMMERED. Or,then again, maybe they just don't care. I have sent JB an e-mail asking about those deals they referenced months back and if they are still pursuing them. If I don't get a response either way I will sell my 11 million shares and try to make money with some other company who has the interests of the shareholders in mind. At this point I don't care about losing the money it is the principle. Have a great day.
Jack
I am with you kenbuddy
website update......sure would be nice to get a pr about signed agreements on new leases.