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Volume has stalled.
There's a nice little slap!
The bidwacker's have come out in force this afternoon.
0.027 X 0.035
Somebody slap those 0.03s so we can get this party started!
Glad I'm locked & loaded! I missed the last run a few days ago and I'm not making the mistake twice.
SYTO Round 2 - like a coiled spring again!
What's happening next week?
Now we just need some more volume. I guess a lot of people are at lunch now.
I tried to get the 0.032s but got only a fraction of my total order filled. This thing looks like a coiled spring!
Just loaded up @ 0.033...let's go!
How long you think before we really get crankin' here?!
Sorry I hate to sound like a broken record but all of that doesn't mean much with the volume as weak as it is.
volume still way to weak. It shouldn't take this long.
why are you waiting until EOD, what' wrong with now?
where's the volume?
FMD getting ready for next leg up
Where is everyone?...we're finally moving here!!!
FMD Continuing yesterday's run with very heavy volume
FMD ON FIRE!!!!!
Here we go again...looks like a repeat of yesterday. Buckle in and enjoy the ride up!!!!
FMD ON FIRE!!!!!!
Previously the residuals were priced in the pps as worthless or even having negative value and today we find out they're worth almost $200 million!!! It's cash value basically doubled with today's news. Also, today it closed very close to HOD - this is usually a very bullish sign for the next trading day. And add to that the shorts getting caught with their pants down and you have the ingredients of a monsta indeed!!!
I couldn't agree more. Their residuals were priced in the stock as worthless....now all of sudden they are worth $200 million. They've basically secured enough funds to continue operating for years. Cash value alone now is around $4/share. Add to that the all the shorts caught with pants down.....this is just the beginning indeed.
FMD trading below cash value even after today's runup. Add to that the aforementioned short squeeze and watch out!!!
Don't wait too long. Per the DD posted on the sticky earlier today. 4th acquistion will be announced sometime this week and if I recall correctly there will be another PR as well. Also, shortly after the 4th acquistion we'll finally get the much anticipated revenue #s.
Just curious, what signs are looking for as I'm looking to buy in the near future as well.
I'm surprised anyone is surprised
It's just history repeating itself. It did the same thing last Monday after the deal was originally announced....it spiked up then crashed hard and continued drifting south until more specifics about the deal were released Friday afternoon.
A word to the wise never chase a run and never buy at the open after a gap up, especially with pinks.
So far this is playing out exactly like I predicted which again was easy to predict because it's just history repeating itself....premarket MM short covering and accumulation leading to gap up followed by the big dump we're seeing now from the profit taking from everyone again let's be honest now including many here who bought in last week (again there is nothing wrong with that...I would have done the same thing....dump this thing ASAP today and lock in huge gains).
As I also stated earlier I still think there is a play here and I'm watching and waiting for the right time to pull the trigger.
GLTA
My bad. I see they were posted earlier.
Pinks are not as transparent as fully reporting companies...I never said all of them are deliberately misleading although for sure there are some out there that are so you definitely have to proceed with extra caution when trading/investing in pinks.
You'll find that is a common practice for pinks. Almost all of them are non-reporting or limited reporting companies meaning they are not bound by the SEC so whatever information you are able to dig up on them cannot be confidently independently verified, is frequently inaccurate, and/or outdated as you just demonstrated. That's what's makes them very risky but also potentially very lucrative.
I have not called. I just found out about this on Friday and it's Sunday in case you haven't noticed.
Are you saying the buyer (again we don't even know how it is) doesn't have key information that we are not privy too? We don't even know all of things we don't know! I hate repeating myself but it's obviously necessary in this case. If you can answer the following questions I will concede your point:
Why did the buyer bother with the deal? Why didn't they instead by as much of the float as they could and control the company that way? Why would they try to do both...buyout at 0.42/share and in the interim buy up the shares at these levels? It just doesn't make sense!
The transfer agent is probably gagged and if you know if anyone has a controlling interest please let us know. Also, the information that is available to the public is not always accurate for pinkies because they are not bound by the SEC, I'm not saying it's deliberately misleading but let's just say there are no consequences for not checking it thoroughly before listing. Conversely, the parties involved in the deal definitely have the most accurate and up to date info.
Another key here is the identity of the Fortune 500 company...it is known only to the buyer and PGYC. Since no one else knows who the buyer is they are the insiders and the key information previously mentioned namely share structure and ownership breakdown (whether or not anyone has a controllng interest) is the insider information those 2 parties and only those 2 parties have.
You may be right, I'm in this for a longer term than that though...not selling until until I have a five bagger at least, which should be a matter of weeks or at the most months from these levels imo.
Yes but again as you astutely pointed out we don't know if there are any preferred shares and we don't know besides the 55 million restricted shares how many shares are held by insiders so we don't know if the insiders or someone else owns a controling interest. You would have to figure that the buyer does know all of the above...again why bother with the deal if they could just buy up all the float they can? There are to many unkowns for us to answer that question but the buyer definitely knows the answers to all of the above and you have to figure it would be a contract violation at least for them to buy up as many shares as they can...that would make this whole buyout deal look like a real scam!
Good Point...again I'm just trying to figure this out here. You would have to figure the buyer knows all of that information, specifically the key details of share structure and float ownership and we obviously don't so there's your insider information that would prevent the buyer from legally buying any shares.
It's an excellent opportunity to buy in or reload because at these levels it's almost like free money!
It's a matter of when not if this thing resumes moving north in earnest.
Recap of key upcoming events:
1) 10-K showing profit, how much TBD, due sometime on or before April 15.
2) 10-Q, again showing profit, again how much TBD, due sometime next month.
3) ***Resumption of insider buying by chairman Lu who has a very small window now to meet his committment to buy $1 million worth of stock by July 9. Taking into account the blackout periods before the 10-K and the 10-Q next month he's literally only got a few weeks to make good. To date he's only bought about $62K worth so he has to resume buying in bulk very soon if he wants to remain credible.
I'm just trying to figure this out so bear with me here. Your right it isn't insider information because everyone knows about it but why would the buyer bother entering into the agreement at all.....why not buy up as much of the float as possible and take over the company that way? A key piece of information that I'd like to know that would help answer that is how much of the float is held by insiders because if it's over 50% then your scenario makes sense but I don't think anyone knows how much the insiders not to mention other large shareholders own so it's pure speculation either way.
I agree in the long term no one knows where this is headed because no one knows yet if this is legit or not but we will in the next couple weeks. The first major test is if shareholders receive the promised information in the mail in a couple weeks. But in the short term specifically tommorow morning premarket and shortly thereafter I think there is concensus that there will be a sizeable gap up again resulting from MM premarket short covering and accumulation followed by a large dip as many but not all who got in last week take their profits after that it'll rebound as the daytraders and flippers buy in or reload but after that who knows because with the low float and a certainty of heavy volume it'll be a very volatile session.
Sorry Ivan I can't pm u
I think 0.10 is a possibility Monday. Two things I'm very confident will happen monday are a huge gap up resulting form MM premarket short covering and accumulation followed by an intense but quick dip like we saw after the run up from 0.03 to 0.05 after the news on Friday from all the profit taking from those including let's be honest now some here who were fortunate enough to have bought in shortly before or after the news last week (there's nothing wrong with that; if I were fortunate enough to have bought in last week I would sell ASAP monday to lock in huge gains too!). During that dip tomorrow is when I plan on pulling the trigger. After that I think it'll rebound nicely with all the flippers and daytraders jumping in or reloading for the next piece of action.