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The Market Maker VNDM just adjusted their ask price to $2.00 a share just now. That doesn't mean they think that it goes that high or anything, or that they have a seller at $2 limit GTC.
It means that on their LEVEL 3 MM machine, basically suppy and demand, they said.
"HOLY SHEEEETT!!"
Let't not be anywhere near the ask at these prices. =)
We open at .049-.05 or higher.
This news is ridonkulous!
OH THIS IS COOL!!!!!
Wednesday's stock to buy: $OOAG
Posted: 02 Jun 2010 04:35 AM PDT
OMDA Oil and Gas Inc (OOAG)
Authorized shares: 250,000,000 as of May 18, 2010
Outstanding shares: 242,631,100 as of May 18, 2010
Float: 172,494,041 as of May 18, 2010
We've got some great news this morning! OOAG is going to Retire an Additional 58 Million Common Shares and Reduce Its Outstanding Shares by an Additional 25%.
Quotes from the CEO Mr. Barnett:
"OMDA has been operating and growing on a total cash basis and has not issued any new shares of any kind in over 17 months, nor does the company have any intentions of issuing shares of any kind in the near future. All shareholders of record of OMDA Oil and Gas, Inc. can expect to receive a mailer shortly from the company Transfer Agent and Broadridge with all of the recent corporate governance changes that were announced and completed"
"All of our recent corporate developments that we have announced are part of our continuing effort to rebuild OMDA and to better position our shareholders for our anticipated growth. In each of our recent initiatives, our board of directors was unanimous in their vote and commitment to increase shareholder value and provide our investors with tangible benefits. When all the dust finally settles, our outstanding share total will be nearly 30% lower than it is at this moment." Mr. Barnett went on to say, "Aside from these very important share structure changes we have initiated, we have been very busy evaluating several other projects that we feel will improve OMDA's value. Additionally we are currently working on some other very productive corporate improvements. Further significant company updates on these initiatives will be forthcoming this week."
OMDA Oil and Gas, Inc. to Retire an Additional 58 Million Common Shares and Further Reduce Its Outstanding Shares by an Additional 25%
Check out that chart! All the indicators saying we're going $0.10+! We filled the hanging man, that was made after the first attempt to break $0.055 and we should be breaking those 55's today. With an RSI at 73 we should still have enough breath to make a monster leap over that $0.10+ mark.
But OOAG isn't all about the technicals, the company is making great developments after years of litigation. We've summarized 2 weeks of developments to give you an idea:
OMDA Oil and Gas, Inc. to Reduce the Authorized Shares by 97.5%
OMDA Oil and Gas, Inc. Has Reached a Mutual Resolution in Its LawsuitMarketwire(Tue, May 18)
OMDA Oil and Gas, Inc. Announces Future Plans and UpdatesMarketwire(Tue, May 18)
OMDA Oil and Gas, Inc. Announces the Cancellation of All Existing Preferred Shares and Will Provide a Thorough Update on Concord Dome by Next WeekMarketwire(Thu, May 20)
OMDA Oil and Gas, Inc. Has Retained a CPA Auditing Firm to Bring the Company to Fully Audited StatusMarketwire(Tue, May 25)
OMDA Oil and Gas, Inc. Issues Its Report on Concord Dome Lease RevenuesMarketwire(Thu, May 27)
OMDA Oil and Gas, Inc. to Retire 12 Million Common Shares and Reduce Its Outstanding Shares by Nearly 5%Marketwire(Tue, Jun 1)
OMDA Oil and Gas, Inc. to Retire an Additional 58 Million Common Shares and Further Reduce Its Outstanding Shares by an Additional 25%Marketwire(Wed 12:01AM EDT)
All these developments are great, bottom line is they're back in business after the litigation. Revenue is on it's way and they're going to the bigger boards. During this process they're regaining shareholders confidence and retire shares (70 million this week!).
This is not all! These developments have made OOAG PPS go ballistic, coming from $0.0015 all the way up to $0.055! That is 3666% in two weeks! The demand for OOAG shares has been very high the last two weeks, and the supplier couldn't always supply the demand, so they had to naked short sell.
We can tell you that overall short percentage over 2 weeks is a staggering 41,49% making 62.162.311 shares naked traded! We also don't see any point in these numbers where shorters could cover 62.162.311 shares! It's just impossible! The max that they could have covered in these 2 weeks is, and we say MAX, is 20 million shares! Leaving 40 mil shares uncovered! We said it before, and we say it again. The proof is all in the numbers presented, and as you know , numbers never lie.
We think that today's news will give us a nice boost, and don't forget we still get an update on the Concord Dome project and the possible joint venture. We should be heading towards our $0.10+ mark from where the covering shorters should give us a nice boost towards our second mark $0.50+. The numbers say the shorters need to cover 60 mil shares, we've seen what a 10 mil day can do, what do you think a 60 mil will do? OOAG will proof to be the play of the year real soon, if you're not in yet, we suggest you do. We don't come across many a mix of ingredients like this, the company developments are great and combined with the shorting, means a massive short-squeeze is imminent.
We wish you all a profitable trading session,
Best regards,
Cashflowstock team.
VCTY Bears took over
Posted: 01 Jun 2010 04:24 PM PDT
Videolocity Intl (VCTY)
Authorized shares: 888,000,000
Outstanding shares: 105,000,000
Float: 105,000,000
Bears took over
Today VCTY lost 64.48% after the anticipated news of the reverse merger didn't hit. Instead other news hit stating there's a third Chinese merger candidate. When the anticipated news didn't hit, investors got nervous and a selling frenzie came to play. Too bad because VCTY has all the ingredients to become a multi runner all the way up to $0.50 Investors let a great chance go, because in our opinion they've misinterpreted the PR. Here's a fragment of the PR:
The management of VCTY is currently conducting due diligence of Tactican and the formal merger could be announced anytime, followed by the Hydro Electric merger 4-10 weeks down range.
It clearly states that the company is on schedule with the R/M and that the formal merger could be announced anytime. And that the Hydro Electric merger will follow. We don't see why investors hammered the stock this badly, unless of course these where all the newsletter crowds getting out. We have seen this often happen with newsletter crowds, they're prepared to take losses just to get out, while they know nothing of the stock.
You can understand that a possible short squeeze is not likely anymore, because we think the naked short positions are covered by now. We still think VCTY is a great opportunity though, and we will put it on hold. Any news on the R/M will still propel this into the multi penny's, and until than it's a strong hold.
Best regards,
Cashflowstock team
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GAPPER!! HDSN just raised his bid pre market almost an hour before the open. Went high bid.
DEMAND!!!
ALASKA, DEAD RIGHT
Go look at the frequency of posts from Miles2000, Fatnhapy, Jmap and Ben Lurkin most of 2010. They would skip days, a week at times in between posts on this board. The stock was at .0015 and lower.
Now look at how many times they post a day in desperation and not only is the stock doing GREAT but the alleged evil management is actually doing a great job at restoring value and keeping their word everytime.
It's Obvious and comical.
If they would stop to READ the news and understand that the suit is over and the company stopped diluting WAY back they'd have nibbled or loaded up and made a fortune with us all. But they are too busy giggling and bashing and attacking. Who's laughing now?
Karma is.. well Karma
Do you all realize that by year end ths stock won't trade in .001's anymore? It'll trade in pennys.
For example level 2 market makers will be on the ask at like .11, .12, .12, .14, .16, .21, etc
The float will never grow and is shrinking daily.
ES1
.06's for sure.
I have said it a dozen times and I'm right everytime.
The basher types on the board are good luck for us.
Look at the chart!! The God's honest truth is that the more they desperately post the higher we go.
Seriously!!
Thank you vengeful angels!
In the last three weeks has OOAG closed red more than ONCE???
THAT IS SICK!!
We may have that two straight weeks of green again now.
Pound for pound we could be .30 a share and still not surpass what OMOG, now OOAG did in 2004 with LOW oil prices.
.038 on 1.4 Billion Outstanding versus 173,000,000 only now and possibly even smaller soon.
From .044 to .30 is ridiculous.
BUY4
In 2004 after the summer it was .038 per share with One to 1.4 BILLION shares outstanding.
We're down to 173 Million OS shares soon and now with our assets back, production and MUCH higher oil prices than 2004.
GET IT!?>????
People in the morning are going to FREAK OUT when they read this news. I bet dozens of fence sitters or people who bailed already with sizable gains will all fly in without worrying what they pay for it.
It doesn't take a rocket scientist to see that this will break .50 this year, with dips along the way of course.
.10 is soon, sure. BUT!! Do we have any doubt that with Oil prices rising, JV stuff on the horizon, 160 producing wells, acquisition possibilities, new drilling, etc that we won't keep seeing higher highs for years without the ability to dilute or reverse us.
This is not even scratching the surface on news coming, this is just the appetizer like Alaska is saying.
THINK!!!
I can't type for trying to clean up the shiieeat I left in my sheets after reading that news. ARE YOU KIDDING ME????
I have read it three times and crapped the bed each time.
BRB, I have to take this PC into the shower.
"BIGGER"? Is that even possible? Revenues are great as are JV's but retiring 30% of the stock's shares in one swoop?
No more authorized raises
No more shares issued.
No more major corporate decisions without OUR majority vote via proxy.
No more reverse splits
A FULL audit has started
Big assets and production after winning the 6 year law suit
THIS IS SICK!!!!!!!!!!
CLOFRESH
Tomorrow is a bonus, do you realize that we have a pinkie Oil and Gas stock with revenues that seems to never ever be able to issue a share again.
Get it??
Over time the float will vanish.
THANK YOU JESUS!!
No way .055 only tomorrow. This is the biggest news I have seen on a sub .30 stock in 6-8 years.
ALASKA
We ran 46% today on a 5% reduction
this is FIVE times that man!!!!!!!!!!!
CLOFRESH
You don't understand how huge this is, microcapstocks, especially pinks DON'T DO THIS!!!
We have a very very special investment and company now.
We run this company now by our 50.1% plus vote.
management is under 10%!!
Barnett and OMDA are not taking any prisoners it seems. These moves are MASSIVE for our futures.
ALASKA for President! =)
And it alludes to even more good updates this week, someone pinch me!
People do turn new leafs, I guess the Lanza suit being over after 6 years really was the difference maker. It's obvious to me now that management doesn't have the ability to dilute or hurt us anymore. It seems that power is gone forever, not that they were trying to damage us. Seemed they diluted when they had to, it has seemed to pay off.
The outstanding share count that stood idle for 16 months just got a 30% haircut in 24 hours.
We are so going to attract every investor around.
Seems the goal is to build a wealthy and successful company, help shareholders now that he's in a position to do so and make himself credible.
This news is too much to digest! We'll be at 172 million OS ONLY.
Without spending .01 we have 30% more shares with these moves.
We're not in Kansas anymore!
ALASKA
Says 30% if you count Tuesday's 5%.
There won't be any shares left soon, it's blatently obvious.
This is UNREAL news!! OMDA closed up 46% today on 12,000,000 share retired only, now 58,000,00 MORE??
OMG!!
This stock comfortably sits anove .10 soon.
This is awesome!!!
IS THAT REAL NEWS!!????? THERE IS NO WAY!!!
12,000,000 OMDA shares retired news already hit man, that was yesterday morning pre market but I still feel that we run Wednesday.
"ANOTHER PR"? What are you talking about ALASKA?
They are jumping on the OMDA run bandwagon on their own but glad that they are helping with awareness.
ANY green for the stock tomorrow would be huge after a 46% gain today.
Happy Wednesday OMDA Land! What a day!! Huge gains on huge news.
What pink stocks up this much in 3-4 weeks run AFTER news?
VERY few!!
Ok, you heard it here first. We open at .052 or higher tomorrow.
.047 next ask!!
NEW High on the Day!! explosing AFTER NEWS, are you kidding me?/.>.>?>?>>
I told you all that the hourly repetitive negative posts are good luck for us.
=)
.044 !! High of the day!
I'm looking at the 6-7 bids at .04 on the stock, this is going to explode tomorrow.
.072 next week or I eat my hat.