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Exactly
That's how you get positions with all free shares.
It doesn't matter what you think you own.
That's the game. Pinks issue shares. This company has plenty of shares to issue. Anything else doesn't matter. I don't see your explanation for why a company would continue to dilute at this pps. Why exactly are you saying my observation isn't true? Explain instead of dismissing.
Why would they keep diluting now?
They have plenty of shares to issue. Why continue to issue shares at this price? The prior bounces suggest getting the most they can when they do dilute. It's rinse and repeat dilution. They'll bounce it and dilute some more. It will get to .000 eventually, but there's opportunity to make money on the bounces until it get's down there.
No chance of .000 land
The 52 wk low is .002. I doubt it will get there, but if it does it should bounce right off. If you look at the chart, this thing is bounce happy. I'm watching the MACD, the last 2 times it crossed, it popped up over .01.
I've had an order for 3's in all day.
It hasn't filled yet. Not sure if it will, we'll see.
Where is everyone?
LOL. 3 posts before the bell instead of 100? I quess the people that were paid to be here are gone. I don't think all the sellers are gone, but we'll see.
Pretty sad,
they spend 20k on the pump and now it's lower than before the pump started. Some will say its profit taking of course. But, they're not done diluting yet. I agree, it will hit he 3's.
Yeah sure, it only get's worse from here.
Do you currently hold any shares? Just curious.
Paid Promotion Schedule Since July
SizzlingStockPicks were paid $2,500 on Sept. 11
(SizzlingStockPicks has been compensated $2500 cash for a one day)
PennyPayday were paid $5,000 on Sept. 10
(PENNYPAYDAY.COM has been compensated a total of five thousand dollars from third party company (G6 Stocks))
SizzlingStockPicks were paid $2,500 on Sept. 9
(SizzlingStockPicks has been compensated $2500 cash for a one day)
Pennystockfinder were paid $12,500 on Aug. 10
Hotstockcafe were paid $20,010 on July. 28
(1.2 million restricted shares)
SizzlingStockPicks were paid $2,500 on July. 27
InsaneStocks.com were paid $4,000 on July. 26
OTCpicks were paid $5,000 on July. 22
It will sink
when the people that are being paid to post here leave. I feel bad for all of the people who bought in over .005 today.
It does nothing of the kind.
How is it biased? It's the company's actions that put them on the list. It has nothing to do with being biased. They are on the list, because they are paying promotors to jack the pps so they can dilute. This isn't rocket science.
What's so hard to understand?
They have been paying for promotion and diluting since July. If anything, those 48 days on the list is a BAD thing. They're a repeat offender. How is 48 days on that list a good thing?
All of the activity on this board since Friday, is the result of them paying money for people to be here.
$95,000 for promotion
Since July 26, Can you say massive dilution?
http://newsletter.hotstocked.com/stocks/view/ONTC-ONTECO-
CORPORATION
http://www.pumpsanddumps.com/
Can't pay salaries with a loan.
Buy Volume vs Sell Volume
Buy Volume 145,100
Sell Volume 1,774,671
and it only goes down 5%? interesting
share structure
Shares Outstanding 181,043,822 a/o Jul 18, 2011
Float 119,648,104 a/o Jun 09, 2011
Authorized Shares 200,000,000 a/o Jun 09, 2011
How many 100k blocks is NITE hiding? LOL
3 G's
Get in
Get your gain
Get out
Aware of your surroundings?
These are penny stocks, there are no morals. I'm concerned about my wallet, if I have to get in yours to fill mine, that's what I'm going to do. You may be investing beyond your capabilities to understand.
440 shares
bought @ .0295 and 2 form T's at .0299 (10,000 shares). LOL. Somebody is playing games. We'll need a good PR or something to create enough buying pressure to force NITE off the bid/ask.
I think the selling is done.
A little buying pressure should send it running again next week. We'll see.
They haven't been diluting
They didn't issue any shares during the 2nd quarter. The 10q from the 1st quarter and 2nd quarter shows no shares were issued during the quarter(OS March 31 25,133,745/OS June 30 25,133,745). But, the pps decreased from 2.75 to .80. If they are diluting, it began in July, we won't know until the next set of financials come out.
http://ih.advfn.com/p.php?pid=nmona&article=47622758
http://ih.advfn.com/p.php?pid=nmona&article=48840716
However, it could be restricted/convertible shares, I haven't looked that deep yet.
They do it all the time
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66018264
20 day MA is at .02, hopefully it's the bottom.
I disagree,
I think the promotion had exactly the effect that they needed/were looking for. They raised the cash they needed by diluting (this wasn't just convertible notes), now they need to put it to good use. We can't confirm the dilution until the next set of financials come out.
I was able to flip it and buy back in (twice), so I'm sitting on a bunch of free shares. Let's wait and see.
Is there a coherent point in this dribble?
So, since you got suckered in the conversion game on another stock, that means we will on this one? Great logic. LOL.
Do you know who has the 60+ million shares for conversion? What other stock are you talking about? I would like to verify your claim. No reason to reply unless you offer up the info requested. I can't think of a reason why you wouldn't divulge it. If you want any credibility on this board, I'll be waiting.
Just hang tight.
It should make a push to the .05-.06 range soon. There's a bunch of shares for conversion out there north of that range. It will get up there eventually.
Nice to see a familiar face
LOL. It looks like it's consolidating nicely. Hopefully, it holds up so we can start in on the next resistance level. Still has good volume with buys/sells around 55/45 percent.
Yeah they did,
They walked it down and then right back up. This afternoon should be interesting if there's volume. Just a little bit of buying pressure and it will go.
and she's green
Hopefully, not until my .022's fill. lol
I might be sol on them.
Wow, Thanks
I never knew pinks promote/dilute. Thank goodness you're here for us. Still bitter about missing out? It's still holding on to a 200% gain from Monday's close. Pinks dilute, it's how they grow their business.
Buy Volume & Sell Volume
Buy Volume 4,392,380
Sell Volume 2,834,055
Why isn't this going up?
I saw that as well.
Right after it opened a string of buys in the .052 range and it didn't move.
Glad I left,
20% to keep an open position. Back in this morning.
Doesn't matter
The thing is in play, it's a trade, not an investment.
Thanks
Where is the info?
That shows they're being compensated 30,000 for the promo. They have only spent $2,500 on a promo.
http://newsletter.hotstocked.com/stocks/view/NXOI-
I'm out; new 52wk low each day