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Can someone tell me why the bid/ask is .0089/.009 but we're seeing a bunch of trades go through at .0085/.0086??
I don't get it.
yep...MAXM is all that's left...JEFF and TDCM moved above .009
oops scratch that we're now at .0088!!
~PLNI -- VFIN moved ask from .0086 to .0094...way to mid .009s is paved!
I have a nice position in PLNI and plan on holding it a while...some good long-term uptrend indicators...
heya pokerdv8...saw you alot on the PBLS board. Good to have you here :) -griz
go here for PLNI real-time level IIs (have to refresh though it will do it for you periodically)
http://www.pinksheets.com/quote/quote.jsp?symbol=PLNI
VFIN moved up...funny how the PPS follows!
How many shares do you think VFIN needs to sell before it backs off?
Looks like the dip's over...VFIN moved off ask and starting to move up
~PLNI .009 just broke ASK at .0092!!! weeeee AGAIN!
~PLNI .009 coming down.....0095 here we come!
.0087x.0089...you know you want to!!!
~PLNI moving to .009! another WEEEE (I'm having a great stock day today) :)
~CIRT .068 and climbing!!
~CIRT broke .064 and the buys are coming in.....07 in no time WEEEEEE
~CIRT ubss bumped up the bid :)
great news!!
~CIRT 61x64 next ask is .07 should be a fun day!!
note that CIRT's last PR stated they've received $100M in contracts over 12 months. They have 572M O/S...so that puts us at around 17cents/share for 2005 alone
another note: if CIRT chose to retire shares it would also be wise in my opinion to PR the retirement filing and give an accurate A/S, O/S, float, cap, etc...so that the public doesn't have to dig for it.
note further: if CIRT was being shorted it would also be on the regulation SHO list because it is a reporting company. Do NOT believe when people tell you that a penny stock can't be on...as of April 2005 (or was it 2004 I forget) all reporting companies and even some non-reporting companies will be on the list if they've been improperly shorted.
If CIRT is going to AMEX a reverse split is the absolute *last* thing they want to do.
First off, it isn't necessary, as the requirements to be in AMEX state that a stock can be on the exchange without meeting those requirements:
In certain instances, however, the Exchange may favorably consider listing an issue selling for less than $3 per share after considering all pertinent factors, including market conditions in general, whether historically the issue has sold above $3 per share, the applicant's capitalization and the number of outstanding and publicly-held shares of the issue.
Second, the CEO stated "Everything CirTran is doing is aimed at building shareholder equity," Hawatmeh said, and later, We are keeping our eye on the ball and moving forward to ensure that our investors will have a fair chance to maximize their investments,". If they announce a reverse split the price will plummet so low that the shareholders will lose close to 97.5% equity. A REVERSE SPLIT IS NEVER A GOOD THING. Do a historical study on reverse splits and you will find that all reverse splits do is give a chance for shorts to cover at exceptionally low prices.
Third, a reverse split takes a long time to recover from. There are many examples, but take IGTG as one. The reverse split came into affect months ago and the shareprice has come up to only about 1/6th it's original value.
Fourth, the CEO stated: "When I voiced disgust with the practice of 'naked shorting' in a recent press release, it was in response to speculation by some that CirTran shares were not being treated fairly -- or honestly -- in the stock market, as well as a general condemnation of a shady, unsavory and illegal practice. Note carefully, IF CIRT WAS BEING NAKED SHORTED THE STOCK PRICE WOULD NOT HAVE GONE UP THE PAST 6 WEEKS. I cannot state that strongly enough. Do not fall for the naked short excuse.
Fifth, *and most important*, if you want to maintain shareholder equity and raise the price, you must buyback shares and RETIRE them. Capitalization is better done by buying shares back and retiring them because it maintains shareholder equity, proves mathematically you're still worth the proper value, and builds ALOT of investor confidence. A reverse split destroys investor confidence.
Don't be fooled...a reverse split will kill your shareholder base.
I will step off my soapbox now.
~CIRT for those who are wondering why the PPS has been soaring the last couple weeks, thought their news report bears repeating
~CIRT news from January 10th
http://www.emsnow.com/npps/story.cfm?ID=16608
Jan 10, 2006
CirTran Corporation (OTCBB:CIRT) has won its first contract of the new year.
Trevor M. Saliba, CirTran's executive vice president for worldwide business development, said Arrowhead Industries, Inc., of Windermere, Florida, has awarded an exclusive contract to CirTran to manufacture its patented Hinge Helper (TM) do-it-yourself utility tool.
"In less than 12 months, CirTran has won more than $100 million in new and exclusive manufacturing contracts from the direct response industry," Mr. Saliba said. "CirTran-Asia, which we founded in 2004, continues to emerge as a major force in the industry."
Arrowhead's President Eric R. Koeser said his company chose CirTran, "based on its reputation for building quality products to exact specifications, and its ability to deliver on-time and on-budget.
CirTran Announces New Financing
CirTran also announced that it has signed a financing agreement with Cornell Capital Partners for a 5% secured convertible debenture in the principal amount of $1.5 million, due July 30, 2008. CirTran filed Form 8-K with the Securities and Exchange Commission concerning the filing on January 6, 2006.
"CirTran was profitable for the last two quarters reported, significantly improving our position in the viewpoint of the financial marketplace," said Iehab J. Hawatmeh, its founder and president. "Now," he said, "companies such as Cornell must compete to win our business. This is very beneficial to CirTran in getting us funding at more competitive rates."
Mr. Hawatmeh said CirTran will use the net funds of $1.37 million (after commitment and structuring fees) to fund tooling for new and existing projects in China and at its home facility in Salt Lake City.
CirTran, he stressed, has the option of paying Cornell in cash or in shares - "whatever is most beneficial to the company and our shareholders" - over the course of the agreement.
CIRT news from January 10th
http://www.emsnow.com/npps/story.cfm?ID=16608
Jan 10, 2006
CirTran Corporation (OTCBB:CIRT) has won its first contract of the new year.
Trevor M. Saliba, CirTran's executive vice president for worldwide business development, said Arrowhead Industries, Inc., of Windermere, Florida, has awarded an exclusive contract to CirTran to manufacture its patented Hinge Helper (TM) do-it-yourself utility tool.
"In less than 12 months, CirTran has won more than $100 million in new and exclusive manufacturing contracts from the direct response industry," Mr. Saliba said. "CirTran-Asia, which we founded in 2004, continues to emerge as a major force in the industry."
Arrowhead's President Eric R. Koeser said his company chose CirTran, "based on its reputation for building quality products to exact specifications, and its ability to deliver on-time and on-budget.
CirTran Announces New Financing
CirTran also announced that it has signed a financing agreement with Cornell Capital Partners for a 5% secured convertible debenture in the principal amount of $1.5 million, due July 30, 2008. CirTran filed Form 8-K with the Securities and Exchange Commission concerning the filing on January 6, 2006.
"CirTran was profitable for the last two quarters reported, significantly improving our position in the viewpoint of the financial marketplace," said Iehab J. Hawatmeh, its founder and president. "Now," he said, "companies such as Cornell must compete to win our business. This is very beneficial to CirTran in getting us funding at more competitive rates."
Mr. Hawatmeh said CirTran will use the net funds of $1.37 million (after commitment and structuring fees) to fund tooling for new and existing projects in China and at its home facility in Salt Lake City.
CirTran, he stressed, has the option of paying Cornell in cash or in shares - "whatever is most beneficial to the company and our shareholders" - over the course of the agreement.
why do you think a reverse split is imminent? with the last two months' trend, it's unlikely
if VFIN was the diluting party for PLNI...it's clear the other MMs did not want this price to fall...that's another good sign :)
~CIRT...check out this analysis...after a 30% jump they still post the strongest buy signal you can get
http://quotes.barchart.com/texadv.asp?sym=cirt
agreed...after review I bought in yesterday right when HOD occurred...at first I was upset at myself for buying at the trend height but then I looked at the long-term indicators and realized this was a bargain given the trend.
The surge up at the end of the day (on a Friday, no less!) confirmed my predictions. I'm holding on to this one for a while :)
~CIRT building again...this is fun
according to the iHub quote and news, CIRT just filed a positive report to the SEC yesterday
CIRT has TAKEN OFF today....unbelievable....looks like the run isn't done yet either
no kidding....there is some heavy money behind this thing...this dip is a great time to get in because alot of MMs are sitting at .07
CIRT WEEEEEEEEE!!!!!!!!!
They raised the AS to 5 billion and they fully intend to sell the stock so they can attempt to aquire and buy more things..
And you have a *problem* with this? Good lord do you not see the long-term? They are using the capital to GROW. That's what companies try to do. If PLNI was making hundreds of millions in profits they wouldn't need to sell to acquire....cripes...this is a move for the long-term benefit of the company.
Are you affiliated in any way with any market maker or investment house?
EVERY STOCK GETS MANIPULATED. There are always people pulling strings one way or the other. The question is, who's pulling the strings and why?
Is it consumer buying pressure? selling pressure? Company dilution, buyback? MM covering?
There are ALWAYS forces at work...the question is do you think you know who, why and what outcome?
~PLNI winding up tighter than a snare drum....
upward move building...as soon as VFIN is done this thing should start to move up...NITE and UBSS have upped their bid
So what?
If I were to guess I'd say that the buying pressure was hammering away at .0077 but the price wasn't budging...UBSS got impatient with VFIN not moving off the ask and went back .0076 to make some moola