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Exactly what we've been trying to tell you - only M&Ms can trade at those levels. Should be evidence enough that manipulation is occurring.
Good bye. Again.
That number is incorrect, some shareholders here hold more than that. If it is correct, we would have such an incredible run to cover the short positions, that instant millionaires would be made. I hope it is correct, then I would hold over 4% of the authorized and outstanding. If true, I will break my self isolation and begin doing cartwheels down my street. Despite the fact that I cannot do a cartwheel. Just my luck, become a millionaire and break my neck the same day.
It was purchased under the radar, the stock had never traded, it was given out as a dividend about 15 years ago. One day, out of the blue, it went from grey sheets to pink sheets, and traded about 3 billion shares. Nobody knows the who , what , or why. We can only speculate that somebody bought out the shell, and dropped about a quarter million dollars on it. At the time, nobody even knew it was trading, the big buys caught everyone off guard. Read the posts from Jan to now, you'll get a better idea of what's going on.
The short positions are with PYCT, as XMET was a dividend given out. It did not even trade until just recently. The shorters will have to buy back the difference between the number of shares naked shorted, and the actual outstanding. That will propel this stock, which should happen when the share structure is revealed.
They've already shorted this years ago, and also naked shorted it. If this stock would have disappeared, as almost everyone of them do, then the shorters are home free. Xmet however, did not disappear, and now a humungous short exists.
The shorters must now come up with the shares to cover their pre-existing shorts. They are working overtime to dissuade anyone from buying, because they need the shares themselves, but nobody is selling (hence no volume). Wait until news is dropped, you will see a scramble of Biblical proportions. You will see the yellers in bold dissapear.
"its not registered in any state. Its just a BS. FINRA don't impose anything. We all know many OTC scum companies trade without active registration."
Hey freebie, still waiting for you to provide us with a list of those companies.
If you know many, list them here, we'll check them out.
Mine were all free, so no worries here.
I seriously agree with you - something big is coming down the pipe.
Good job Stealth, this isn't the CMKX board!
Hey, the point is that one stock has been revoked for 15+ years, the other rising from ashes. No need to bash either one, it's pointless. Those of us that have XMET as dividends are pleasantly surprised that there is some semblance of hope for a stock that was thought to be worthless. You should be happy that some shareholders have a remote possibility of regaining some monetary loss. No need to insult people and their choice of investments.
And still hard at it, more than 15 years after revocation. Doesn't seem even a little odd to you??
I haven't sold any, nor tried to. Actually thinking of picking up a few more. Why would they not be legal shares?
I got XMET and Western Pacific Minerals Ltd. as dividends, as Monte states, equal number of shares of both. They've been sitting in my account this entire time, and to be honest, I wasn't even sure anymore why I had them. Thought they were one of the dividends from CMKX.
That is likely the convertible debt holder that posted the 13G a few weeks back. Not sure when the more favourable financing will kick in, but I hope it's sooner than later.
There's no chance of reverse split with OS under 100 million shares. If it starts to get beyond that, then it will be time to worry.
I'm one of those shareholders, and not too happy about it. They're bringing in decent revenues now, and are continuing with acquisitions, as they have stated they would do. No choice but to wait it out now. Talks of further reverse splits are nonsense and pure speculation. You can make your own decision as to what you believe.
A market cap of less than $82,000 seems awful ridiculous for a company that is generating revenue. That's with a P/E ratio of 1. We need to see a positive 10-Q.
I'm no fan of this dilution, or reverse split, but those that got into this after the split are still in a good position. 41 million shares is still a fairly low float. Unless you equate it back to the pre-split numbers, which at this point , we need to put behind us.
Although the authorized remains the same, the outstanding share structure has been drastically reduced down to 25+ million. This is a significant detail. The diluting has ended for now, and nobody seems to be desperate enough to dump into the bid (a few shares here and there).
Ponzetta has stated in the last press release that further aquisitions are in the works. I believe that some sort of recovery will take place, although not as quickly as we would like. Hang in there, and let things play out, hopefully for the better.
Yes that is good news.And so is the latest press release.However, there are those that will keep regurgitating the fact that the authorized shares are in the billions.It is not a good thing, unless they stop diluting.
I'm hoping that the authorized increase was to facilitate future acquisitions,in which case that would not be a terrible thing.Many here are implying that the company is dumping into the reverse split, which they did not. The dollar volume is just not there to back that theory.Not sure when, but this puppy will eventually run, regardless of the negativity here.
Q, what are your thoughts going forward at this point?
Groundhog day is reading your posts every day. Today was just panicked shareholders reacting to the RS. Most of the selling occurred right after opening bell. I honestly thought that it would be a lot worse than it was, only a few sellers were dumping. The dumping of shares from the creditors seems to have ended, hopefully Q is correct, and we are trying to get a higher share price to get onto a bigger board.
And you know this how? Please provide link/proof.
Page 15 in the Seeking Alpha article:
"Once the tanks are fully installed, which will be some time in May, they will have 18 shrimp growing tanks at the site. They will then stock two tanks with shrimp, which will be sold once they reach maturity in 24 weeks. Further shrimp stocks will be added monthly. The resulting cash flow can be used to buy additional 65,000-gallon shrimp raising tanks. NaturalShrimp has previously stated that when they have a total of 24 tanks, they will start weekly shrimp production."
Okay, I'll hit the ask at .001, you hit it at .01.
What kind of moron wishes bad luck for others?
839 shareholders on record, 662 million shares outstanding. If you include the major shareholder and say 10 shareholders on the Hub, easily accounts for over 100 million shares. That leaves 563 million shares split between 829 shareholders. My shares are locked up for sale at a much higher price, as I'm sure many others have done. That means the average shareholder has roughly 680,000 shares. I would guess that each shareholder on average holds much more than 1 million shares. Naked shorting going on? This could really fly with a catalyst on Monday.
The company would not have been granted an extension if they did not produce some convincing evidence to justify it. I for one am glad that I don't have to chase shares on Monday.
IR stated that there would be 3 press releases. We've already concluded that one of them is explaining the extension. We were told that the press releases were linked to each other. What could possibly be linked to an increase in authorized shares? It's clear to me we are about to hear of an acquisition/merger. RETC is basically broke, hence the just completed dilution. A company with little cash has very few options if they are looking to acquire another company. The obvious strategy is to offer shares. If 8 billion shares are now authorized, we may be looking at several acquisitions?
If the authorized has been increased by such a huge amount, it can only mean acquisitions/buyouts. If it were strictly for dilution, they would have increased it by considerably less than 8 billion shares. Next news will justify this increase IMO.
Between her and about a dozen investors on this board, there are easily over 100 million shares locked up. Not much left in terms of tradeable shares. When this starts to go, it will really go.
I don't know whether or not to believe it either, but it certainly falls within the timeline of news before Jan 15th.
CDEL and MAXM keep sitting there daily with their ridiculous 10,000 share asks, when actually they are sitting on millions. Hopefully they run out soon.
Again, you clearly have absolutely no faith in this company. You have options, one of which is pushing the sell button.
Then cut your losses now, the bids will allow you to dump 3/4 of your "useless" stock.
"Olataytrade @Olataytay . 7h
Replying to @aaaamhim
$RETC I'm just chilling. Kinda nice getting a 29 filled."
One of AAAA's whales - sure looks like he was sitting on the bid and not slapping the ask like he was claiming. More like seals than whales - flippers being the key word.
https://twitter.com/search?f=tweets&vertical=default&q=%24RETC&src=ctag
I hold over 6M shares myself, and don't consider myself a whale by any means. Whales should have no problem dealing with 13M shares, particularly if you purchased them on the ask, at strategic times when million+ shares show up on the ask and stall progress.