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If this thing even gets that far it'll definitely be approved because that's a 7 bagger plus from Friday's closing pps.
Yea there's probably even something in the buyout agreement stating that the buyer can't buy any PGYC stock
The premarket trading on Monday will be MM short covering and accumulation leading to the gap up.
Yes I know that now. Thank You
I just didn't know if it would continue collapsing, stabilize or move up. Now I know to expect intense volatily with this one, especially now after the catalyst of the buyout news.
I have to admit I was definitely really pissed at myself for not getting in yesterday after the PR. By the time I found out about this from the Daytrader's forum it was 3:37 (the PR was out at 3:30) by then it had already spiked from around 3 to 5 cents so then I think to myself I'll buy some on the dip then it basically collapsed to almost where it was before the spike and that spooked me so I took a wait and see approach from there and as everyone here knows by the time it finally started up again it was less then 5 minutes before the close and it was moving up so fast at that point my fate was sealed.
Anyway, that was all a hard to pill to swallow but unforunately that comes with the territory when your trading....I'm suring everyone here has had a similar experience(s) with other plays. After I cooled off I started doing a little DD on this and have come to conclusion that although I'm late to the party that doesn't mean the party is over.
As for the questions regarding what this will go up to and the like. No one knows the answer to that but what I highly recommend is to have an exit strategy (sell target) in place - either a pps target or a percentage move from your initial buy in price. You also might want to add a time horizon to the mix - because you don't want to be stuck if for example your position moves sideways on you.
Me too and I know there are many others who will be trying to get a piece of the action on Monday. Scam or no scam won't change the fact that this is going to be a trader's dream for at least the next couple weeks. As for me, I decided I will buy in Monday on the dip after the gap up; based on the history of this stock and my prior experience with other plays that is a good time to pull the trigger or add more.
I thought about buying after the news came out but I hate chasing, then I got suspicious when it stalled at 0.05 before it finally continued moving north minutes before the closing bell. I'm definitely kicking myself now for not pulling the trigger @ 0.05 but I also share a lot of the skepticism that has been conveyed because as has been stated if something sounds to good to be true it usually is. I'll definitely be watching this closely on Monday and I'm already trying to decide if I missed the boat or not and if I did not miss the boat when do I pull the trigger on Monday because there will definitely be a gap up on Monday...some have speculated it'll open at 0.09 or 0.10. If it gaps that high there's usually a sizable dip that follows from the profit takers...speaking of profit taking I have a feeling Monday PGYC trading action is going to be very volatile because the flippers and daytraders will be out in force.
My bad...yes it's a typo
Thank You For Clarifying
Sorry if I mislead anyone?!
If I recall correctly one of the sells was a 2 million plus share block trade so hopefully there aren't many more of those...probably someone unloading completely - good riddance to him!
I'm misleading anybody I'm just trying to figure this out. They are a non-reporting company yet they plan releasing SEC filings?
Excellent Post - Thank You for confirming the filing cycle is an SEC filing cycle meaning they will be a reporting company.
What is the filing cycle?
That's critical info...I'm sure everyone here would love to get their eyes on Ligatt's 10-Qs and 10-Ks - let's see real hard #s along with all this acquisition news and media appearances...if that isn't a catalyst for growth I don't know what one is
They control the timing once they have all the requested documents which based on that e-mail someone posted earlier wasn't until today...another thing that frustrated me note the date on the e-mail excerpt I posted earlier it was February 25 - so this has been announced and greatly anticipated since then.
That's part of why I'm patient about the symbol change because with the symbol change comes a higher level of committment to more accurate information from Greg & Co. which will hopefully be a key catalyst driving the pps to new highs and beyond
It's not just the symbol change
Verbatim excerpt from e-mail from Melanie Banks to all shareholders on February 25:
"Also, we will be releasing our share structure, filing cycle and all other information at one time when our name change has been processed."
I'm not whining I have a descent size position here and as was previously stated this is one area Greg hasn't delivered yet. Aren't they moving from pink to OTC? That's a big move imo
it's such a critical step to their development into the multipenny and maybe eventually multi dollar stock we want it to be
So does that mean the deadline is 10 business days from today?
That link might actually be sticky worthy
Thanks again - that's a very informative link
daily list? what's that?
By all accounts it's the "tenth business day" since the filing
Symbol Change Tomorrow?
Great Call! EOM
It would be nice if the acquisiton # 2 pr is released in conjunction with symbol change....that would be a very pleasant suprise indeed...maybe I'm getting greedy but I just think the symbol change and all that was promised to come with it is such a critical step that will allow us to finally get to the next level (not sure what that is but imho is a lot higher than we are now) and stay there not just get a pop then retreat back down.
Anybody able to get any on the dip to the teens?
That was nice. I wish I was ready for that one.
Everyone knew this was coming but it's nice now knowing there is a virtual floor in the 0.002s waiting for the next permanent leap forward any day now - this has always been a when not if stock - I remember not to long ago maybe 3 to 4 months ago this was trading in trip zs
On Radar
If this thing goes to trip zs I'm loading the truck
Accumualte at These Levels
I wish I had extra powder to average down, I picked up some more on Thursday last week @ 0.0034 waiting for the symbol change and accompanying goodies any day now.
Insiders own over 50% of the outstanding shares with Chairman Lu owning over 28 million shares so I wouldn't be to concerned with the fact the he sold 3 million shares a couple years ago. What counts is what's happening now and he's gonna be doing a lot of buying in the next 3 months.
As for the CFO situation on Tuesday they filed an SEC form stating that they are filing the 10-K late so I think that confirms many suspicions that the former CFO left quite a mess for the new one and that also explains why the new CFO isn't returning calls or e-mails - he is busy trying to put the 10-K together!
When is everyone expecting the symbol change and all the other information promised with it such as share structure?
I know it's a lenghty process but it seems like it's taking forever. I would have to think that it should be happening real soon at this point.
Besides that 2 million plus share sale shortly after the opening bell almost all the other trades today were buys.
This is a wild one indeed
I bought yesterday @ 0.0018 and sold this morning @ 0.0026 now I have to wait until tomorrow for more funds to clear otherwise I would have reloaded @ 0.0018. Besides EESO, GRDO, IGTP, IVOT, & NEOM, I'm definitely keeping a close eye on this one tomorrow.
GLTA
Nice 1 million share ask slap
Over 4 million shares traded in just 10 minutes!
28,600,099 Buys & 20,573,514 Sells Today
Also, I think it should be noted that the last approximately 3 million shares traded were all buys including one from me: 448,139 @ 0.0018 that was executed literally seconds before the market closed.
I hope so but I remember one day last week they were a tough nut to crack, today we have much more volume though, again the vast majority being buys so hopefully it's smooth sailing from here to the the 0.003s.
IR is not NWD's strength
Finally showing signs of life after a long period of descent and aimlessness, NWD's finally inching closer to its fair valuation which if were talking book value is $1.26 with a trailing P/E of a measley 2.12. I bought 22K shares @ 0.17 for my IRA on Monday because in addition to a couple of the key stats just cited which assure me that I definitely bought very close to the basement - there are at least a couple more exciting things coming for this baby the next few months that make believe this little sign of life from 0.17 to 0.22 is only the beginning:
* Earnings: Which we know will show profit; how much is TBD so is when they'll be released!
* Chairman Lu's resumption of insider buying - this time in bulk. He has until the beginning of July to buy $1 million worth of NWD. He bought a little bit in September then some more in November but has still only bought about 62K worth of the promised $1 million so far. Taking into the account the blackout periods before the 10K then the 10Q in May means an ever tightening window for him to buy the rest!
I remember the good ole days about 5 years ago when I'd buy in the 0.70s, 0.80s and 0.90s then sell in the $1.00s, these are at least the levels I think we'll being seing again within the next few months so hang in there fellow longs our time will come!
0.0027s getting slapped now