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Wow, maybe the tides are changing for PSPW. New company name, new MM attitude.
.51 paint job coming. Watch as they sneak in a bid trade around the 15:59:50 mark to make it look like nothing happened here today.
I like how they let that 9.2M trade go through at .0077. I'm in the wrong line of work. Time to go to MM school.
At least they were nice enough to issue a PR, as opposed to playing the waiting/guessing game.
And I thought my first batch at .008 an hour ago was a good deal. Gotta love trading down here in the bowels of the market.
Name one penny stock deadline that is met? Par for the course, panic selling. More cheapies for me.
Way to spell it out SE. I have been reading your posts for the past few months, and you have been right every time with EGOH. The big red flag for me is that they are 'pink sheets limited info' filing quartely reports on company letterhead. Grow up and file proper 10-K/10-Q's.
I'm curious as to the O/S share count from Friday compared to what it will be tomorrow morning. Proceeding with extreme caution here.
Smart traders don't want to keep funds tied up here for 60 days while Kruse/QSGI work out the exit strategy. I agree, I think we revisit the teens in the next few weeks.
After Wilmont's actions following the last LOI (i.e. dumping shares into the float), I think traders will be alot more cautious this time around. I agree, we need more than a LOI this time around.
Once we hit (and stay) above the $1 mark, I think the price manipulation and extreme fluctuation will be a thing of the past. And I think we are 1 PR away from that (the announcement of a 'official' merger date).
Just a normal whack to end the week. They love doing that to PSPW.
I was using the math that as of now they are using 40% of the AS (40M/100M), so 40% of 300M is a OS of 120M ? Seems reasonable to me. These guys sure have done a great job keeping the OS unchanged for years.
That's why I'm comparing QSGI to NTRZ, their commons were kept intact as well.
Even more interesting is the way they've been trading ever since :)
The 'q' in recent memory I remember is Nutracea, which I believe dropped the q within 24 hours of their court hearing and 8-K.
Nothing new on PACER
We seem to alternate back and forth between high volume and low volume days.
Pacer doc: Certificate of Service from Kaufman filed this afternoon. Nothing else, yet............................:)
Worked fine for me?
Sure does fly fast with volume. Can't wait for the real fireworks. Blink and next thing we will have a 3 digit price!
? Kaufman's total billed hours? Anybody know how many total hours he billed for. Trying to do the math on 115% x $350/hr x total hours. Comparing that to the 3+ million shares he will receive.
First there will be an 8-K filed stating they are exiting BK. Then I suspect a PR dealing with the merger. The 8-K I think we will see between now and market open tomorrow.
First there will be an 8-K filed stating the bankruptcy is over. Then I suspect a PR dealing with the merger. The 8-K I think we will see between now and market open tomorrow.
The Kaufman situation is HUGE. If he takes shares, what an indicator that will be.
All rise..... T minus 27 minutes.
Sounds like smoke and mirrors in my book. Pink sheet blah, blah, blah.
Boy way to hold it down under 50 going into the weekend. Nice 500 share trade at 15:59.56. Ha!
I just took care of that. 20K more for me!
Right on. PSPW is falling in the '1%' club of pennies. Their timely communication with shareholders is much appreciated. (Even sent Toby an email to this fact as well)
I agree. I have been saying that since they announced the 'AFTER April 5th' date. I can already visualize the posts come 4/6 and no news. Personally, I am thinking end of April before all is said and done. Fine by me, as I will load up even more if prudent. Great job with your DD by the way.
$300K traded in a little over an hour. Wow!!!
Reminded me of activity on FDA pending approvals. Bring it down fast and hard, let em cover while taking out stops, then back up. I really didnt think the 2nd wave around 12:30 would happen, but what the hell to I know.
I wasn't able to watch all the drama live. But quite a way to take out stop losses huh?
Yeah, but the A/D didn't turn positive until around 2pm (looking at 1 day and 2 day charts).
Accum/Dist question?
The A/D took a nose dive around 10am today. Wondering how shorts covering would look on a A/D line. Very strange trading day. Seemed like rather strong accumulation during the last few hours. I'm happy to say I picked up some more.
Minimum $4.67 pps example:
Current SS: 40M Outstanding/100M Authorized (40% issued)
New SS: 120M Outstanding (estimate)/300M Authorized (40%)
PSPW's sector and industry trade around a P/E of 28x and according to the Jan. 26th PR, Seawind is doing around 20M in revenue yearly.
20M x 28 + 560M
560M/120M = $4.67 price per share
Now add in all the other business they are working on (mainly the Rudana/Albania deal connection) and well, you can do the math. Obviously this is dependent on the merger finalizing.
They may be waiting awhile. Maybe after a 10 or so 3:1 forward splits. (That is a joke for those who think I'm serious) This was $4 a share a few years ago, with exactly the same share structure and not much in the way of business that I can gather.
Any chance I can top off my holdings with a few more at .41 this AM? :) This is going to be a fun day.
Record volume at 1.6M and 90K $ volume