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10 bagger IMO.
I would be surprised if I didn't sell out fast.
All of a sudden we are seeing people who had GTC sell orders buying more
Look at this massive volume today. Good thing I didn't follow the rest of the people who thought this stock was dead and placed a GTC sell order for $0.0001!
Oh forgot to mention. Hiring for an upcoming "event" that has been discussed here recently??
Usually when companies are struggling they make cuts, implement hiring freezes, etc.
http://m.laborsmart.com/?url=http%3A%2F%2Fwww.laborsmart.com%2Femployment-opportunities%2F&utm_referrer=#2709
Looks to me like they are doing the exact opposite here, considering a recent tweet just took me here.
There's no bid because the ask is already at rock bottom. You can't have a bid at .0001 and an ask at .0001, because the bid would buy into the ask!
Let's think about this for a moment.
Let's break down the remaining wall on the ask. 20 mil left after over a billion traded so far!
only 23 million left then we double!
Get them while they're still .0001!
Less than 80 mil on the ask. Who is ready to see .0002, and double up their money?
Just under 90 mil on the ask. I am here for a quick buck hopefully, but nothing long term for sure
I haven't looked at IMJN in so long I forgot it was on the grey market but you're right.
I wonder what's going on though
Well there was no news so someone is probably about ready to place this on a PnD campaign imo
That's what I want to know. It jumped a little today
Let's break past $.60 today
The more people that sell the more I buy. I am liking these cheap prices.
I might be buying more shares here soon. Waiting for it to bottom out again
Short squeeze is coming IMO! Get ready
Shorts will be taking their losses shortly
$VOIS #13 on the breakout boards today.
34s up
There's only 50k at 33. It'll be gone in no time
4.2 mil bid x 1.2 mil ask
What a great close today for $VOIS
I agree. I was watching the entire time as it was falling so I could jump in at the right time. I ended up with 57s and 60s. I think this is completely undervalued and i believe we will see a nice return here in the near future.
Not to mention this company has a history of paying dividends and that is rare for this share price. I am curious to see if history continues to repeat itself in that area.
Guess it was a good thing I sold yesterday huh? Down 10%. I'll buy again at 16
I agree. This is undervalued and I will see where this bottoms out at so I can load up on more. This is on the top of my watch list for sure. $OIBR
I wish etrade would allow me to sell this stock short cause it's going down within the next hour or so. Don't get me wrong I have bought shares but there is no reason for a random jump like this today. In the long run I have confidence this thing can rise but it's not going to happen today. IMO
While I agree that XUII is probably a lost cause, I don't need you to quote me in your attempts to bash a stock. But thanks for your consideration.
-- NEWS 6:49PM ET --
MATERIAL FACT: Approval of the Terms of the Exchange of Credit for Shares of Oi/TmarPart and the Option for the Purchase of Shares in Treasury by the PT SGPS General Meeting and the Boards of Directors of TmarPart and Oi
6:49 PM ET 9/8/14 | PR Newswire
Oi S.A. ("Oi," Bovespa: OIBR3, OIBR4; NYSE: OIBR and OIBR.C) and Telemar Participacoes S.A. ("TmarPart" and, together with Oi, the "Companies"), pursuant to art. 157, 4 of Law No. 6,404/76 (the "Corporation Law") and CVM Instruction No. 358/02, in addition to the Material Fact dated July 28, 2014 and the Notices to the Market filed by Oi on August 8 and 13, 2014, inform their shareholders and the market in general that, on this date, the General Shareholders' Meeting of Portugal Telecom SGPS S.A. ("PT SGPS") and the Boards of Directors of Oi and TmarPart approved the terms and conditions of the definitive agreements related to the investments in commercial paper issued by Rio Forte Investments, S.A ("Commercial Paper").
The definitive agreements were signed today among Oi, TmarPart and PT SGPS and provide for an exchange (the "Exchange") in which Portugal Telecom International Finance B.V. ("PT Finance") and PT Portugal SGPS S.A. ("PT Portugal" and, together with PT Finance, the "Oi Subsidiaries") will transfer the Commercial Paper to PT SGPS in exchange for common and preferred shares of Oi held by PT SGPS, and the Oi Subsidiaries will grant PT SGPS an option to purchase shares of Oi (the "Option"), which will occur in accordance with the terms already disclosed to the market through the Material Fact of July 28 (the "Definitive Agreements"). Given the approval of the Definitive Agreements by the General Meeting of PT SGPS and the Boards of Directors of Oi and TmarPart, the implementation of the Exchange and of the Option will be subject only to the response of the Brazilian Securities and Exchange Commission (Comissao de Valores Mobiliarios - CVM) to the consultation presented by the Companies with respect to these transactions.
The signing of the Definitive Agreements will enable the continuation of the combination of the businesses of Oi and PT SGPS (the "Transaction"), which will have as the next step the migration of TmarPart to the Novo Mercado of the Sao Paulo Stock Exchange (BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros - BM&FBOVESPA), through the merger of shares between Oi and TmarPart (the "Merger of Shares").
As preliminary steps to the Merger of Shares, the Companies will pursue (i) the registration of the shares to be issued by TmarPart in the Merger of Shares with the U.S. Securities and Exchange Commission ("SEC"), (ii) the conversion of TmarPart's registration category as a publicly-held company, (iii) the registration of a Depositary Receipts Program of TmarPart with the SEC, (iv) the listing of the shares of TmarPart in Brazil on the Novo Mercado segment of the BM&FBOVESPA and in Portugal on the NYSE Euronext Lisbon, with the necessary approvals by the Portuguese Securities and Exchange Commission (Comissao do Mercado de Valores Mobiliarios - CMVM) and by the NYSE Euronext Lisbon, and (v) the listing of the shares in the form of American Depositary Shares on the NYSE. As a result of the Exchange, the structure of the Transaction will no longer include the merger of PT SGPS into TmarPart.
On this date, certain agreements related to the Transaction and signed on February 19, 2014 were amended to provide, among other things: (i) the extension of deadlines for the completion of the Transaction; (ii) to clarify that the merger of PT SGPS with TmarPart will no longer occur within the scope of the Transaction (notwithstanding the fact that PT SGPS may adopt an alternative structure to achieve the same objective as the merger with respect to the combination of the shareholder bases of Oi and PT SGPS); and (iii) the limitation of the voting rights of PT SGPS, in the Bylaws of TmarPart, to a maximum of 7.5% of its capital stock.
The Companies reiterate that the Transaction is intended to migrate TmarPart to the Novo Mercado segment of BM&FBOVESPA, with the adoption of best corporate governance practices, admission of the TmarPart shares on the NYSE and the NYSE Euronext Lisbon, increase in liquidity, dispersed regulatory control and acceleration of the synergies created by the Transaction. The Companies expect the Merger of Shares to occur by the end of the first quarter of 2015.
The Companies will keep their shareholders and the market in general informed of any relevant subsequent events related to the topics described in this Material Fact.
Oi S.A. Bayard De Paoli Gontijo Chief Financial Officer and Investor Relations Officer
Telemar Participacoes S.A. Fernando Magalhaes Portella Investor Relations Officer
Additional Information and Where to Find It:
This communication is not an offering document and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval in any jurisdiction in which distribution of an offering document or such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
This communication contains information with respect to the proposed merger of shares (incorporacao de acoes) between TmarPart and Oi.
In connection with the proposed merger of shares between TmarPart and Oi, TmarPart plans to file with the SEC (1) a registration statement on Form F-4, containing a prospectus which will be mailed to shareholders of Oi (other than non-U.S. persons as defined in applicable rules of the SEC), and (2) other documents regarding the proposed merger of shares.
We urge investors and security holders to carefully read the relevant prospectus and other relevant materials when they become available as they will contain important information about the proposed merger of shares.
Investors and security holders will be able to obtain the documents filed with the SEC regarding the proposed mergers, when available, free of charge on the Commission's website at www.sec.gov or from TmarPart or Oi.
Special Note Regarding Forward-Looking Statements:
This communication contains certain forward-looking statements. Statements that are not historical facts, including statements regarding the beliefs and expectations of TmarPart or Oi, business strategies, future synergies and cost savings, future costs and future liquidity are forward-looking statements. The words "will," "may," "should," "could," "anticipates," "intends," "believes," "estimates," "expects," "plans," "targets," "goal" and similar expressions, as they relate to TmarPart or Oi, are intended to identify forward-looking statements and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, tendencies or expected results will actually occur. Such statements reflect the current views of management TmarPart or Oi and are subject to a number of risks and uncertainties. These statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, corporate approvals, operational factors and other factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. All forward-looking statements attributable to TmarPart or Oi or their affiliates, or persons acting on their behalf, are expressly qualified in their entirety by the cautionary statements set forth in this paragraph. Undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. Except as required under the U.S. federal securities laws and the rules and regulations of the SEC or of regulatory authorities in other applicable jurisdictions TmarPart, Oi and their affiliates do not have any intention or obligation to update or to publicly announce the results of any revisions to any of the forward-looking statements to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. You are advised, however, to consult any further disclosures TmarPart or Oi make on related subjects in reports and communications TmarPart or Oi file with the SEC.
SOURCE Oi S.A.
This was stickied how? I mean I'm starting to agree with everything that has happened recently but I don't see how unproven accusations are stickied to the top of the forum.
Annoying isn't it?
Up just over 23% today. Go VOIS!
No I was speaking in general. I wasn't suggesting buying anything specific.
You should consider it. At the very least it has it's tax benefits.
Or another thing you can consider is: buy 500,000 shares of a stock, sell 400,000 for your quick buck, and hold 100,000 long to see how far the company goes 5 years from now. You may have just made short and long term gains on a single buy (esp. If you buy under a penny and 5 years later it goes up to $1, you now have $100k in your pocket)
Do whatcha want, just thought I'd put out my two cents. When I flip stocks I almost always hold 5-10% of my buy for the long term. Guess it's not a true flip but you never know when you have the next AAPL.
I will place my order at .0001 depending if volume warrants it. But other than that this is a strong sell IMO