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Gotta think this may be the lull (i.e shorts covering) before the storm. No way a Q stock coming out of BK should only be trading at 300% above the low since filing BK last year.
Sure looking strong after hitting .155 this AM. Green skies ahead.
I feel like I won the lottery getting in at .124 this AM. Ready for liftoff.
Strange MM bid/ask activity today.... Shorting/covering prior to financials next week?
I wonder if the MM's will drop this down into the toilet for a brief time in order to cover prior to losing the Q, and possible symbol change. I've seen them do just that with FDA plays in a period of literally 2 minutes prior to a drug approval. Load up some more now, or wait...?
I wonder how they trade even 1 share as there aren't any MM's to fill orders. Also, if someone could explain how some Greys and even Caveat Emptor's trade with numerous MM's and some do not? LVRP looks like a waiting game. By biggest fear is if they do resume 'normal' trading, what's the chance of dumping as the O/S is a measly 2.7M with an A/S of 120M?
Great job with the Ibox. This one should be fun to watch and you will look like a genius when it takes off. At least I will be able to say I was the 2nd man onboard.
Is 'active status' and off the grey market next for LVRP? Seems to be the case with all these filings. Will be watching L2 and the SOS web site next week. Could be the next LOCN.
Sorry, that was my pickup at .152. But then it sold on the ask at .16 immediately after. Feeling like I would regret not loading up come December.
Very strange activity today. Seems like they have been 'legit' to this point when it comes to filings and such. I'm sure if there wasn't substantial dilution, they will issue a PR. Lets just hope it hits .005 before .001.
Market Cap ???
Back on 2/1/10 this hit .0316 with an O/S count around 121M (est.) for a market cap of 3.8M. Currently we are sitting at .0003 with an O/S of around 2.1B (est.) for a cap of 650K. I am new to CNEX, and even with the recent dilution, what's the deal here (apart from being a pinky). Are we worth 1/5 now compared to the beginning of the year?
If we can sustain .50+ going into formal approval of the POR (next week or so I believe), I feel like $1 won't be too far after. I'm sure they have some juicy information of their plan going forward they would like to share, but have to wait until the POR is official. Typical court mumbo jumbo I imagine.
I think we see a PR next week sometime. They aren't going to PR anything significant until the judge puts her John Hancock on the POR. But when that happens, look out. Probably sit .50-.75 range until then IMO.
1. judge signs off on POR next 10 days
2. Q gets dropped
3. symbol change
= $1.00 happy hallowen
Goal to Thanksgiving:
Kruse people issuing PR's, and SEC filings
=$2.00 turkey day
Who called the .20 open? You may be our winner !!!!
Usually the t-trade time of sales come across as 17:20 (friday) or something like that. This .16 was 8:10 today for 5K shares?
Nothing like an 'illegal' premarket pink sheet trade to start the day. A sign of craziness to come!!!
Well thanks again for your hard work. I never you were legendary status until someone mentioned you on IF*Y and that's what got me over here.
When do you think the court will put the final stamp on this POR and sign off? I assume the 'q' coming off and a symbol change cannot happen until then?
Thank you HDOGTX (and everyone else) for your hard work. Maybe I haven't lost complete faith of pinky land quite yet. This is indeed going to be exciting. And enough with the R/S crap. Everyone had ample time to get in on this.
As far as I know, they don't halt trading down here in stinky pinky land for 'pending announcements'
Hasn't traded since 11:16? My level ii hasn't budged as well since around 11:20.
Did my part purchasing at the ask . Of course they dropped it right after. Just my luck. Should be an exciting couple of hours/days here.
Link to Pacer filings anyone? Thanks.
Sure would be nice if it was the other way around. Just need some concrete contract news/deals. And clarification on the float mess wouldn't hurt either.
People are buying at the bid (and the MM's are letting them due to whatever reason). That's why these buys are showing up as 'sells'. The exact ratio, it's a mystery just like the short mess! That buy/sell volume is a load of crap and is a calculated value based on the sale price: buy or sell at BID = SELL, buy or sell at ASK = BUY
Thank you 90K buy at .0079... And we're back to even for the day.
Agreed, 30M is not that big a deal. But, I don't like the recent trend with the company. First it was the increase in O/S to 2+B kind of out of left field, and now the float confusion. This after Sam assured us as to protecting share value. I trust they are doing the right thing, and like I said, a well versed PR to explain all of this could go a long ways. I have seen similar confusion with other pinks, and appreciate when the company issues open shareholder letters. But this whole short thing is absolutely crazy!
Here's a copy of what I sent:
To Whom It May Concern:
As an active and involved investor in IFXY, I was wondering if you could address a few of my concerns:
1. Please clarify the ongoing share structure confusion (is the float 37M or 65M). As you are aware, investors on the OTCBB follow this closely and misinformation could prove to be detrimental to IFXY's PPS. Perhaps a PR and updated information on your website would be beneficial.
2. Can you explain the continued high percentage short volume IFXY is experiencing. Today's volume was 75% shorted and the average is around 50%. This trend seems to be very unusual even for a OTCBB stock.
I'm away for a day and the board goes to shi*. What happened here? This is starting to look like a yahoo board. Not good people. I'm just as frustrated as most with the current slide in PPS, float confusion, excessive shorting. Maybe a good time for management to issue one of those crafty 'open letter to shareholders' PR. I have sent a couple of emails the past few days to IFXY and have not received any response. A bit concerning, but still holding out hope for now.
CFO/co-owner dumps 500K shares? Regardless of the why, doesn't look good for a company trying to get moving in the right direction with an IPO or 2. Hope he explains himself as they have always been good communicating with us.
My guess is that with the low and relatively 'locked' float, the MM's have to step up their game a bit in order to cover orders and such. That's the downside of a low float, more trickery. But, when this busts open, all this nonsense will be a mute point. How bout a nice fat government contract?
Just from taking a look at various stocks and their shorts, IFXY has a very high # shorted on a daily basis. Every pink has their days of 60-70% shorts, but on a consistant basis, this is odd.
Also folks, the buy/sell data you see is junk and you can throw it out the window. It's calculated data. Buys near the bid price are 'sell' and vise versa.
would you look at that. 3 @ .008
Can we get some bid support today, please? You know what would make me happy? 3 or 4 MM's with .008-.0085 on the bid. .008, .0075, .005? Come on.
Let's face it, they can do what they want, when they want (i.e. naked shorting). If they get away with murder on the big boards, imagine what goes on down here in stinky pinky land.
I am 100% sure there is no way we have the float tied up. Too much action to suggest folks selling. I would guess we are in the 60-80% range however on any given day given the shorts traded data. This of course is my uneducated guess from following IFXY the past month. Problem is, 20-40% of shares available, is enough for the MM's to fill orders without having to raise the bid/ask too much. Bid support has been very poor.
Not sure if this is a good example, but look at HBWO's action today. Today they announce they have reduced the O/S by 40%, and it shoots up over 100%. Their shorted volume today was 58%. So it sounds and looks like the MM's had to jack up the price in order to get shares to fill/cover orders. Similar to IFXY?
http://regsho.finra.org/regsho-Index.html
Still holding out for bigger and better times ahead !
66% shares shorted today !! What is the deal here? If indeed the MM's are shorting in order to fill orders, .008 is ridiculous. This is getting frustrating.