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DTC eligibility status?
Where is SDVI in the process of becoming DTC eligible again?
TIA
Best to all
No kidding!! AH trade of 590K shares at .2254 is JUST artificial to paint it up. After all its only paper. LMAO
IMO
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Rules for buy backs?
I remember seeing on another companies board that there are certian restrictions for a company buying back its stock off the market.
Does anyone know if that is true and what those rules are?
I thought one of the rules is that the company can only buy back on the bid. If this is so, then how does one tell if BCAP is buying back shares and MMs are shorting? Additionally, in the presence of a stock buyback, if shorting indicators are purchases below the bid, isn't this good for a stock buyback because the company can spend less money buying shares due to the artificially lower price?
IMO
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Could alerting the SEC of the seeming manipulation cause them to chill a stock like BCAP ?
I know we want positive action from the SEC, but sometimes, the short-term results are more negative and sacrifice shareholders of a company that is made into an example of what happens to stocks that don't trade correctly.
IMO
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Direct link to counterclaim:
http://www.slideshare.net/kenglo1watcher/wits-basin-counterclaim
If specific information can't be provided, don't bother replying
at all. I had to go digging around to find the counter claim which I'm surprised hasn't been posted here in some form.
IMO
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Could you expand on why a jury would be sympathetic to WITM?
Thanx
Best to all.
I accidentally manipulated a board in the past with a browser add-on that was working in the background. I didn't realize it until an admin banned me for a month.
Needless to say, I don't use that browser when I'm reading IHUB.
Go ICPA!!!
IMO
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ICPA up over 500% after dillution!!
I haven't seen this posted in awhile, but I'm tired of seeing some posts missing all the facts and corresponding analysis.
Yes dillution has occurred, obviously, since last July, but, the past 2 months have been relatively stable. The implied claims of some posts on the dillution issue is that this is being dilluted currently or will be shortly.
Dillution is always a part of the business process of a a public company, but it is not the only phase of a company, and yes, a company that spends its time dilluting without any indicators towards profitability should be avoided.
ICPA has shown by its developments to be moving towards tangible revenue which will sustain its business operations. This moves the company out of the intense dillution phase every microcap company seems to go through.
Furthermore, the only reasons that posts would be repeated about dillution before the charts express otherwise is either the posts reflect an OCD personality with a Savior complex, or there is a force that really wants the price to go down, and the only way that happens is if lots of people sell out of fear/panic/"the sensing of the Dark Side enveloping all humanity" in a short amount of time.
IMO
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Its an interesting link. The PnD doesn't need to be wholly orchestrate by the company. There can be the honest attempt at the pump, but unscrupulous deceptions on the dump. The company seeks to have marketing efforts made for exposure of the company and for an increase in the PPS. Yet, by that very exposure and the methodologies of the marketing, people can take advantage of the perception of the PnD to short the stock and create an artificial dump. Shareholders read into the shorting as being dilution from the company and release their real share back into the market, thus transforming the artificial dump into a real one.
The only real way to determine the true PnD is by verifying the share structure of the company of interest.
If MSTG crashes, then it will prove to be a PnD intentionally or unintentionally by the company.
IMO
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Sorry, I wasn't clear.
Over the past few months there has been an uptrend in the PPS.
They have controlled any dillution to the $.20 - $.25 level until the past few months. If paid promotions are what has lifted the PPS up from that, that is great, because it hasn't been a pump and dump. Those occur over a period of a few days.
The chart action can only be explained for now as a company that is trying to attract new investors and to build trust.
IMO
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For a supposed POS, this stock has been on an uptrend for the past 12 months. Most POS have flatline with the occational twitch.
Having pps over a dollar will help with attracting bringing some eyes on this and inciting some interest.
IMO
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Two sells at .0001 at 10PM?
What does that mean and how is that possible?
I hope SAPX hits the break out board by today, otherwise, it will be too late since it will have hit the "break out". The increase will slow a bit after today, and being on the break out board will seem fizzled.
IMO
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It doesn't seem people are offering a sufficient road map for you.
I've been where you are, and it took some effort to find the right place for the learning curve. Let me start by using ATRN as an example. In the OTC market area (aka "Penny" Stocks). Most people find the hit-and-run approach works best. That means you try and find the low end of the stock price in a given day, buy, hold, and then sell the next day or whenever (if ever) the price reaches the target level you want. I doubt ATRN will hit your implied $60 mark in the next few days, but I've seen some tremendous jumps when I was praciticing stock picking.
On to what you are probably looking for. There is a great resource board on this forum. Look for board number five three two two.
Look at the www.sec.gov website for information on filings posted to the government by companies who may or may not be required to file.
Finally www.otcmarkets.com gives you the information on how Penny Stocks are tiered and what evaluations/criteria are used to place the stocks in each tier. This is also the place for companies to file documents and news items.
There is a lot to learn about how the Penny Stock system works; fundamentally, though, the system does not guarantee results as you will come to learn. Hopefully the learning curve will come more from research than from experience. I had a good dose of both, and still make mistakes about interpreting the situation of a stock.
IMO
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Interesting. .. . my order at .0021 isn't showing.
I wonder to which grouping its been assigned?
KMAG
Actually it has done something for the past two months.
It has sunk by at least 50% from its previous support level, which was held for months before.
IMO
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Volume of 525Mil shares at .04 initial valuation doesn't sound like good volume.
Any idea what the restrictions on the shares are, if any?
IMO
Best to all.
Small Correction to Broker's List
In shopping for a new broker, Sogo is not affiliated with Pension in any way. They even explicitly mention Pension as NOT being their clearning firm on their website.
IMO
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I remember reading that if a company has over 400 investors it has to follow the same rules as a fully reporting company.
Perhaps I'm incorrect on that, but if true, then that would require audits by a publically traded company.
IMO
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I am. I picked this about a month ago when it was close to its previous support. It seemed at the time to have predictable spikes in PPS. Also, the PPS moves on relatively little volume. A few million in trades shoots this by at least 200%, and that is without any external stimulators of PRs.
Currently, it should be gearing up for another spike in PPS based on previous behavior.
IMO
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Not much of a blessing,
if you can't trade it.
I brought the Zecco issue up a few weeks ago. It has now become a bit of curse for tieing up capital at a premium of $200-$700 per trade (even for exiting the position).
Why is this important?
Because investors don't choose high risk stocks that have the additional risk of their broker DTC delisting the stock. One can do all the cheerleading they want, but no one touches certificate-only traded stocks.
If one is with a broker who allows electronic trading of SDVI, I bet your a happy clam, but try convincing those who haven't bought SDVI. Explain to them why your broker would never, ever DTC delist SDVI, while some other broker has already.
I can bet that this "insignificant" Zecco issue is keeping a lot of people from jumping in on the good news. I know even with a different broker, I wouldn't touch SDVI until the DTC ineligibility was explained as a self-contained issue with Zecco only which other brokers don't care about.
IMO
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Can't load up
if you have Zecco, and won't load up with the high risk of brokers abandoning the stock to physical transactions. SDVI could announce they are acquiring Nintendo, and I still wouldn't touch it until the DTC situation gets cleared.
IMO
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After hours trading is possible on Zecco?
There is a two stage process to the online trading. First you submit an order which the computer automatically rejects or accepts based on the funds available. The second step is someone looks at the request and decides that it is a tradable stock.
My problem occurred at the second step. On Monday, if your trade completes, congrats. If not, then at lest I know Zecco doesn't naked short SDVI shares.
IMO
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Zecco no longer taking electronic orders.
It will be tough for some people to place orders.
Has anyone else experienced this?
I tried placing an order online and Zecco rejected the order in any amount.
I talked to their representative, and he said in the last week or so SDVI has become DTC uneligable. Even cashing out the current position is going to cost $200-700 for the required physical certificate transaction.
IMO
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Buyback has to occur at bid?
If I have read correctly, the buyback has to occur on the bid. As a result the process will look like dilution or shorting if there is not enough buy volume to conteract the pps effect.
Over the long term though, it will take fewer and fewer shares to move the pps pass resistance and support points which should lead to greater upward movement in response to positive news.
IMO
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What? No German in honor of the exchange Graffiti is pursuing a listing on?
IMO
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From past chatter, Graffiti would be the stronger company. (I haven't heard estimates of SDVI being in the $4-$5 range when Graffiti will be spun off.)So, it seems the merger would be into Graffiti if it becomes that strong.
IMO
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I agree. This stock is a good one.
Go SDVI.
MMMG Friday Tips has been fixed?
I haven't seen anything come through to show that. My point of the post was to let Ken know of the mistake so it can be corrected. What's the point of hiring a IR firm if they are going to publish wrong information about the company?
You are correct about break even. I forgot to look at yesterday around 12:30PM and see we were in the green then too.
Finally, I'm actually long here and was irritated to see the Friday tips have the original figure of .0025 listed for the SDVI news section.
IMO
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MMMG's Friday Tips have .0025 buyback price.
Someone at MMMG needs to note when mistakes are made in original PRs so they don't get passed down to other communications that reference/mirror the PRs.
With that type of news, I'm not surprised we are back to break even for the week.
IMO
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Thanx for proving my point.
SDVI has a broader marketing presence through MMMG as a PR firm. Everyone new to SDVI can determine if its a P&D or a real company with predictable growth.
IMO
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Uh-oh!!
I sense that someone is wanting to throw another log into the MMMG lawsuit fest with their chatter.
SDVI wouldn't have chosen MMMG if they were going to be detrimental to the growth plans.
IMO
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"Correction: Buyback to be $.025 per share"
The news needs to be re-PRed with that title:
This will make the news official and flash to the market what they are most interested in.
IMO
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Despite the negativity, the chart on this stock demonstrates some nice volatility. It seems to like the .1 mark and dances considerably around it.
I would play that for what its worth.
IMO
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Any thoughts on the new filings and viability of this company?
Why no sticky on 2/22 news?
Afterall at first glance, it looks like there are over .5 Billion shares to cycle through inorder to have a sustained PPS over .04.
IMO
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very true . . . . . .
The accusation of hiding is a perceptual interpretation. There are many reasons a company does not have financial information immediately available. The two most acceptable reasons are:
the company is working on compiling the numbers and/or
the company is in a developing situation where compiling financials would be a waste of time since the projects to be completed would affect the balance sheets considerably in the near future.
As a side note - If one can't handle the stink either from oneself or otherwise, perhaps the pinkies are not the venue an investor should be in. Remember there is always ways to make money out of manure, and sometimes flowers do grow out of such piles.
IMO
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after 38/39, next resistance point?
What do you see as the next set of stats for STAU?
With the latest email,
DD tells me the PPS isn't going up anytime soon.
IMO
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Any thoughts on today's news?