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selling has stopped, bottom here finally?
this was 002s last week
how did this move 1100% last week? on small volume?
restricted shares are restricted. period. we can have a debate about what you think they plan to do someday when they actually do it someday.
the sky is blue.
but it might snow in a few months.
watch out for snow drifts!!
but its still too early to start shoveling
your driveway, and salting the roads.
watching and waiting for snowflakes now
but its 90 outside.
sure, there are plenty of pinks that do that, no doubt. but they don't issue restricted shares. they just make convertible deals, get a check, and move on.
nope, not any more
https://www.fundable.com/about
america is built on people investing in private companies.
now you can even trade private shares
http://fortune.com/2014/08/14/should-you-buy-stock-in-private-companies/
there were individuals investing in it subpenny
guys that got over 4m shares under .01
and it never r/s. look it up at forbes.
but that's how you become a billionaire in america.
issue yourself a giant pile of shares, and then
go execute on a business that actually works.
it maybe be rare. but it happened with every big
tech and social company on the market right now.
same with uber right now and its not even public yet.
http://www.wsj.com/articles/uber-valued-at-more-than-50-billion-1438367457
they traded 2% of their company 5 years ago just for a domain name.
think about that.
sure you do. zuk still owned over 50% of fb, and it was a subpenny for initial investors. not saying this is the next fb by any means, but that is exactly what they do. he controlled more than 50% of the company himself even on IPO day.
look it up.
http://www.forbes.com/sites/danbigman/2012/05/23/facebook-ownership-structure-should-scare-investors-more-than-botched-ipo/
most pinksheets issue preferreds now for control issues if that's all the want to accomplish. this is more about golden handcuffs imo. they'll have a lot of volatility with any positive news, and the folks they want to hang on to will have a lot of asset value showing in equity/market cap, during the restricted period.
that's why so few do it, they issue shares for convertibles instead they get cash for and end up back at 0001 sometimes in weeks or even before the D is dropped from the ticker change!
lol, they won't r/s restricted shares they just issued to the board. that's silly
they all do it post r/s. every single one. most however do not lock up shares... you can find 100s of examples even in the last year.
many go from .0001 to .10 back to .0001 in a matter of a few weeks
022 just a couple of weeks ago. volatility!!
lockups matter a lot, just watch the volatility any time there is significant news
big board stocks do the same thing, locking up shares for a period of time, to protect share price for a period of time. its a common strategy on IPO's
will be volatile if only 56m tradable for a year
92% restricted shares? so 8% float for the next 12 months if reading that right?
with market makers its pretty hard to tell sometimes, lately its seems to me they trade the micros with no regard for what the real share structure may be... they just sell into volume on the ask, and short it back to cover on the way down when buying volume dries up. and the only time they get in trouble is when overwhelming buying volume, usually on big news, precipitates relentless buying on the ask... and they get forced to cover higher instead of lower.
so the short answer is
I don't have a clue.
pullback 02s to 002s, finally a bottom here??
grabbed a few today reminded me of @THI day 1, so we'll see what tomorrow brings
some profit taking last hour, might be parttimers logging into their accounts seeing how much it moved up today
glad I noticed the 0003 accumulation friday!
seeing lots of accumulation in 0003s today
followed. GDET has been amazing
can't remember why I bought this, financing news a while back I think, but whoa what a day! still in!
36,000+ social media followers now
https://twitter.com/GEAROTC
Nikkei 225 up 1309 pts, wow +7.52%
news out with Cannaworx
oh right lol! yep TBD, too many birthdays
news hit late day. Few saw it. Monday will be interesting to watch
10k out, 114m O/S, 150m shares cancelled it says:
http://ih.advfn.com/p.php?pid=nmona&article=68415479
STHC 0023 +109%
STHC 0017 10k filing just out
any idea on value of the dividend?