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1000:1 would create a 10M OS actually.
But whatever the amount might be, if it split and opened at 10 cents and dropped from there then each post-split remaining share held by shareholders would become worth even less than a 0.0001 pre-split share price. That's the conundrum shareholders face if they can't revitalize the stock here pre-split because post split you'd lost even more than it is worth now.
No, it does not hurt them at all. It is a license to print money basically. There should be legal limits to this, but as long as people buy a stock they can keep selling it.
Yes, it sacrifices all current shareholders if they do it. That is the point. They have nothing to lose at this point. If it means burning shareholders to get what they want then that might not bother them.
And it doesn't matter one bit if they plead that is what they have to do to support the business and to survive, because however they spinned it it would still amount to gutting the shareholders.
They had their shot to capitalize on investor interest in their product(s?) and market momentum and failed to (a) deliver the goods and (b) snuffed out momentum with untimely dilution. If they say they have no choice but to dilute some more I don't see how anybody can spin that positively.
If they raise the AS and try to sell shares they would have to sell them at below the bid to get any takers. Then those buyers would flood the market with more shares selling at the bid which would lead to a no bid situation and a dead stock. So it seems unlikely the company would be able to raise much in the way of funds by raising the AS and diluting more that way.
They can leave the AS where it is, but shrink the OS via a reverse. That's probably the only way they could entice buyers to buy shares from the company and then those shares would hit the market at the bid which would drop the price again. But at least a reverse temporarily jacks up the price to allow them to sell shares to raise more money.
Today clearly illustrates why it is only the bid that matters now. If people with long standing sell orders at 2 don't get filled while 2s are going through, then it is going to take a strong set of bids at 2 to even begin talking about real action on this stock. Pumpers who bought at 2 and then bail take an instant 50% haircut. This is why basic math is important in the stock market.
Company decision. No formal requirements as to when nor any obligation to ever do it.
We don't know for sure, but if there is so little follow through then they are right or it may have been a half dozen iHubbers throwing five grand each at it thinking they would act like a trading cartel and push this up. You can guess that too by the nature of the new posters on the board. The problem with that kind of activity is it is driven by a restless energy that only sees opportunity due to share price and may be completely lacking in any due diligence.
If that happened and they don't know the full story then they are not reliable barometers of anything new happening in the stock. Then if they don't get what they wanted they may even bail back out which helps no one. Look for informed posters who actually have something tangible to say in order to gauge whether something positive is actually happening.
Agreed. WHY I AM INVESTED in DPDW:
Management
Corporate Conduct
Institutional Ownership
Analyst Coverage
Performance of Other Stocks Held by DPDW Investors
Client List
Relationships
Proprietary Technologies
Growth Trend
Excellent Sector
Market Hedge
Great Upside Relative to Share Price
You were basing all your posts on yesterday's volume?
What I like about this stock is that during a quiet period I know the company itself is very busy. A lull like this can be good for a stock, it lets it breathe which it has done nicely, and it provided an opportunity for some serious students of the company to build their positions. An outfit like DPDW has their reasons for when they release a PR.
In a case like we have now, Mako may have been simultaneously excited to be part of a company whose stock will go way up from here while also wanting the best deal for themselves in terms of the share price. I pretty much expect it was a handshake agreement and gentleman's terms to let the stock settle down a bit.
That way DPDW could say to Mako, "OK, lets just do the deal with the share amount calculated against the preceding 10 or 20 days trading price minus 20%" and Mako could say, "OK, just don't put any PRs unless they are absolutely necessary in that time span." This can result in a quiet period.
And then they close the deal and that gets PR'd and various other PRs start coming out again. It is not like potential news flow just stopped. There are reasons for quiet of over 2 weeks. It should end at any moment and then we will see a rise in volume again. This certainly looks like a proper time to enter taking all things into consideration.
No. It will never happen.
It was just $28,000 in dollar volume to give it some perspective.
Good luck with it. If they leave the 2s then they are going to gamble on selling them higher. That at least may give you some breathing room and anybody who needs to sell may get a chance. The most important thing in the cellar is not the Ask, but the bid. Watch the bid. If the bid stacks at 2 you at least get some chance for some action though it will still need sustained volume to hold support and turn into a run. Good luck
Yes, it is really important people realize buying at the ones is not typically a good sign. If in the past it was done on other stocks it was probably because the MMs had spent so much time in the cellar with the stock they eventually starting filling at 1 as well because they didn't feel any fear it would break 2 because then they could really pig out and sell at both 2 and 1.
That could only happen on a pink sheet if they didn't fear being busted for not settling their trades which has been done on stocks that went bankrupt and were delisted in which case they got away with it. But with a tighter regulatory MMs may not want to fill on the 1s that much again even if it is an unsolicited pink. So if it has happened before on other stock it may be less likely in today's environment.
The main math at play here is whether or not people want to risk buying at 2 in large enough quantities to absorb the float which requires billions of shares purchased, at least half a million dollars spent. If somebody wants to do that, then have fun, but this will still have to have a bid support of 3 to make that work profitably even and a 3 bid is three times the current bid so the math is still very hard to overcome in the cellar.
And if the current MMs on the Ask are handling dilution shares for sale those shares were possibly sold for less than 0.0001 because dilution during the past month would not have gotten more for the shares. If somebody got them for half that from the company, say 1B shares at 0.00005, then selling at 0.0002 is a quadruple. You'd have to eat through those shares plus any for sale from retailers.
If you can increase today's volume by four fold and do that for a week or two you might start to see the Ask break down and the bid rise, but that is probably what it will take under current circumstances.
Sure, the MMs may have done their selling and covering already. Hard to know. All you can hope for is like Stefan said, multiple days with billions of shares traded.
ABLE & VNDM are tough MMs. VNDM has been the axe for dilution in the past (not the company directly, but whomever bought shares directly from the company and was selling them). Since it seems 800M shares were diluted in the last month you may need to get through them first on the Ask.
Doesn't work that way. The 1's are solely for the pleasure of the MMs, not the retailer. By the time any retailers are getting filled in size at 1 then that means the MMs are offloading any surplus inventory before they abandon the bid. This is why people saying they are not getting filled at 1 are more lucky than they can imagine because getting fills at one is a prelude to the No Bid zone and you don't want that. You don't get the ones, the MMs do. You buy at 2 and sell at 1 or 2. Thats just basic operating procedures and people have been very misinformed about this.
Si Senor, quietly biding my time as well. Enjoying seeing smart ones building their positions to join us for the big scoot upwards.
Or you could just hunt deer.
Let me get real here for a second. All the speculation in the world about buyouts to come are dandy and all, but in the simplest terms it boils down to this: If DPDW is a company that will generate a valuation at $10 a share the stock will not likely stop there. This will either top out at $5 or it will go over $20. No in-betweens here.
If they are going to pull in the big numbers from the Schlumberger's of the world and do it across a spectrum of companies for a diverse range of services then DPDW is in the proverbial sweet spot of a growth curve that catches the biggest wave of the biggest expansion in offshore expenditures ever. We'll either be part of that these next few years or not.
Since I reckon we already are and it is just a matter of HOW successful DPDW will be, not if they will be, then I'm saying concerns about being bought out at some paltry sum are unwarranted. This does not appear to be an outfit that is going to settle for a biscuit when they can a whole loaf of bread. Just maybe you can start talking about buyout ideas as we break $15 a share, but it is very premature at this time IMO.
If anything, I think DPDW's trend is to be the one acquiring strategic additions and becoming a genuinely big company smack in the middle of deep sea services. This strikes me as a well-planned roll up and you can divine a great deal about the future from the stock's behavior this year.
TA is not just about price movements. It also tells a tale of intent, motivation and expectations. There are plenty of people in or getting into this stock now who are seeking much higher numbers. Short or Intermediate term, a buyout seems to be the last thing in the cards.
Maybe we can discuss this after the first buyout offer at $25 a share.
I haven't a clue what you are implying
Yes, these boards are full of bag holding cowards who would rather try to keep pumping a dead carcass to life than have the courage to own up to their poor judgment. We've all made mistakes, but the people who succeed admit to them and learn from them. One of the reasons there are so many scammers is because many of these people keep coming back for more. The key is letting go the next time when you realize you make an error, but to pump each and every failure as it goes into the cellar box is the trademark of perpetual losers who are begging to get their asses kicked over and over again. The scammers love these people. And the losers love the scammers. They can't seem to get enough of each other.
GAINS SUSTAINED. More shares put away into the vaults. Chart holding significant advances and building excellent footprint at $2 level. This is a major league performance for a stock still largely unknown to Wall Street. Well primed for the next wave of developments. Locked and Loaded. Over and out. 10-4. Good weekend.
Thanks for the reply and good luck. That other freak show is descending into inane banter as they circle down the drain. More newly registered tipsters promising big new developments. Same old routine now being performed by the remaining rag tag band of ostriches licking each others wounds.
ATTENTION DPDW HOLDERS:
There are no specials in Aisle 7
Today's rise is a legitimate event without any hocus pocus.
No need to look for discounts and fire sales. You buy and you hold because Quality is Quality.
Please note that today's volume is still relatively low compared to higher volume days in the past month.
Wait until you see another three quarter million volume day with this float now dried up. When news comes now it will be well received.
That the stock is experiencing a mini-breakout today and setting new highs is not all that amazing. It is what we expected.
No news all last week. No news thus far this week. This is not a hype mobile, but an investment being absorbed into the clutches of those who understand the value of DPDW ownership.
Float was being consumed AT EVERY LEVEL. That means accumulation on high volume days shooting up and on lower volume days retracing and consolidating.
The whole history of DPDW 2007 is one of on-going steady accumulation even during retraces, hence this now legendary one year chart that shows each dip was at a higher low. This is called smart money. Follow it and get rich.
When you find a big winner you average up. You don't usually get to determine what your best cost basis will be in these cases, therefore you add when you have funds and you sit on your hands and DO NOTHING. And your money grows.
Take care
BOINK BOINK!!
BOINK!
Correct. Concise description.
I will PM the rest.
Slow and steady makes you wealthy when you pick the right one. Easy all. This is just a small step with many more positive steps coming. Technically speaking, this week is looking fantastic and is creating a superb launching pad for what's next. Good things are coming for those who simply buy and hold this one.
Yep. They resent the truth. Doesn't matter if the truth will help someone else other than them. Lack of courage means they can't admit their failure in choosing to stick with a loser, but by no means will they support an open forum to comment on the facts, pro or con, if it impacts their ability to catch a bounce.
They tell you it is a casino and therefore you should piss off. It is all quite selfish actually. So, no, saving the self-serving is not going to be well received ever. But since saving them is not the point, anyone who does tell the truth for the benefit of others who might get drawn in gets attacked for being a fake, a flip flopping manipulator and not just someone who read the tea leaves and changed their minds based on the commonly available negative FACTS.
That is what is so fucked up about some of these people. They accuse you of hunting for cheap shares and claim you cannot have any good motives when they had the same information you did and could have sold too.
But they are all out for # 1 and think anybody else who is not as selfish as they are must, according to their perverse logic and damaged minds, be of lower moral character than them, because who in their right mind would bash a stock except a manipulator, right?
These penny stocks turn people into defenders of the criminal companies they lost their money to and also attackers of those who choose to stick up for honesty and reveal the fraud.
The ironies are lost on the bottom dwelling residents of failed sub-pennies and the only thing they have left is wondering out loud about how maybe their abusers will finally do something nice for the shareholders and throw them a bone so they can get a pop. They basically know they are fucked, but how dare anyone intrude upon whatever shred of hope they cling to?
In the meantime anybody who dares to speak about that abuse can go to hell. It is quite the inverted moral universe they inhabit. A nice little microcosm of how our society functions.
The have-nots become defenders of the criminal abusers of the system who took their money and left them holding the bag. It is a perfect outcome for the criminals running these penny stock scams because then the attention is taken away from them by their actual victims fighting the "bashers."
Voila! Yet further total distraction from the painful truth, all aided and abetted by the victims themselves.
Ever heard of STOCKHOLM SYNDROME? It is when a hostage starts to identify with their kidnapper. That is what happens to these people incapable of selling for a loss and reinvesting elsewhere.
They don't learn from the experience. Instead they dig in, indentify with the wrong elements of the equation and defend their kidnappers. Really amazing.
The wait has actually been good for the stock since now all new gains will be measured against a lift off from the floor of the range we've traded in the past week. Feels like it will take very little now to pop the cork on this bottle.
Nah. Got it out of my system. I'm done with the whole lot of ostriches. Let them do their thing. It is true you cannot save them and not even save somebody witless enough to buy into a proven disaster. Facts may be facts but you can't argue with stone walls and get very far. This is THE END as far as I'm concerned.
A big fat middle finger to the pussies who gang up on dissenters to get them banned from their boards. Up yours you cowardly jackals. They have nothing they can say to defend their POS they chose to ride down into the gutter. They NEVER do any ongoing due diligence. And they call active discussion of new PRs and filings "spam". Fuck the whole lot of you then if you are going to hide behind a ban and don't have the mental capacity to effectively argue your positions you losers. I hope you don't attract a single new buyer to your beloved scam. Better that nobody else lose a dime on what you scared dogs are incapable of defending logically. You all deserve to lose every last cent for burying your heads in the ground and attacking the messenger to bury the message. Fuck you cowards.
I think it should be clarified you are probably referring to the active reduction (i.e. retirement via agreed upon reduction in conversion terms prior to actual conversion) of the conversion amount into common of the pre-existing Preferred shares and not toxic convertible debentures.
No, the MMs don't know jack. Myth. Maybe with junky pumpy POS penny stocks they get fed planted info to help manipulate a stock, but they don't get fed info by quality companies. They are responding to supply and demand. They don't have inventory and if somebody knows something from the inside and is buying that doesn't mean the MMs have a clue about the company's activities.
I hope many do. There is still room to get on board. The increase in price the past month was deserved and actually creates a more suitable newer pricing from which to see the company continues its excellent progress and deliver further incentive for the stock to rise. Therefore there is room for new shareholders to feel comfortable, get on board and plan for future profits as this keeps developing. It is company that acts like a much bigger one and I believe that realization is starting to spread through various investing communities. Welcome aboard.
Guesstimate only, but here goes:
$4.25, $6.50 and $12.50
No problem Bizzy. Do remember though that you will not get word from the company about any RS so that point is not relevant. Any discussion AFTER one happens will be too late to make any difference. But as long as my link for shareholders remains so they can monitor it for themselves I agree to leave that topic alone until it actually happens if it does. Good night
Lets examine those points then:
Final refinements:
Progress and closure; getting closer, we might start seeing the word imminent followed by TV ads and product release and our first chance to run our own test trials.
Yeah, so what about it? Turns out the "coming soon" in their banner ads strung you all out another few months until their release in the Summer.
with the addition of features requested by trader test groups:
Oh? What groups were those? Never heard about that again? Seems even the trader test groups couldn't come up with the necessary bug reports three months in advance of release to deliver "rock solid" data after all.
Very good, they are seeking to fill the needs the market wants and that people like us will need and use.
So we thought. Instead they gave us a bare bone L2 & TS module lacking the many promised features
including platform chat messaging hub for interaction between active iFinix platform users and the implementation of Level 2 record and playback function.
Cool. So where is that chat messaging feature Bijan? Where is that rad L2 record and playback function Bijan? Thanks for reminding us of their familiar failure to deliver on their promises.
Outstanding. Integrating chat and messaging functions into their data and trading platforms is really smart. You can imagine all of the trading groups working and trading together that way.
Woulda, coulda, shoulda. They had an audience that would have jumped all over that and didn't act on it. Too bad.
and Level 2 record and playback? That's fantastic! I love that. No one else has that. That is a difference maker or killer app feature. Looking forward to that.
Still looking forward to it.
Marketing: Television advertisements have gone into production with a leading computer animation studio
So it was. Something they promised actually happened. Took months, but it did happen.
This is getting good. Hey maybe we get a Pixar commercial. Whatever the production studio is, it sounds like we are going to get juicy looking TV ads. Never forget what these stocks can do when the TV ads start airing.
The "leading" animation studio was in India. It wasn't half bad. Didn't do much though in terms of attracting subscribers it seems and nothing for the stock.
to result in first iterations for review by iFinix management this week.
Storyboards probably. Took them much longer than that as everyone knows.
Do we see the TV ads in the near future? Sounds like they are moving ahead on schedule with their stated branding and advertising goals.
They promoted it that way and then kept everyone waiting until the Summer release which was months late.
Additional internet sites will host advertising banner ads starting this week.
We got EliteTrader to my knowledge. And we all know how that turned out.
There you go. The easter egg hunt for the next website advertising iFinix is back in gear.
Investor Relations: Blue chip firm to be announced by iFinix shortly as part of ongoing effort to support and inform shareholders.
Stern & Co. Can't say we've seen anything significant to result from that and that has been the opinion even from the most loyal shareholders on this board.
Good. It is about time. The previous contracts with places like InvestSource seemed to be provisional at best and marking time before they got true representatives. I think this is a very good sign because:
1. it means there will be a regularly available informed person for shareholders to contact and speak to.
While it lasted (are they even still on board?), but even then people were not too happy about their contacts with that staff.
2. they are planning ahead with higher quality representation
3. this is part of building brand if the new reps work with blue chip clients
Seemed like they were the start of something better. Didn't turn out that way it now seems.
4. the rolodex of the new firm and marketing channels for the stock increase and this can bring in additional new shareholders as the stock rises.
Doesn't seem to have worked out that way either.
Company actively resolving investor inquiry backlog and establishing protocols for timely response to future inquiries.
People to this day still complain about getting no response to their emails so I don't know what got resolved.
I think we've begun to see that with more reportts of emails returned and phone calls from management to shareholders. They probably were not prepared for the level of interest and have begun to take steps to make sure all shareholder relations are properly handled.
Would have seemed so, but can't say that was successful across the board.
Corporate: Commencement of search for additional managerial talent as company plans for increased workload and market expansion.
Took them half a year to add a young kid with little to no corporate background as their CFO.
That is another good sign of preparations for release and ramp up.
Company financials are in active preparation.
No comment.
Good. They are aware this matters and that people need to realize that while it takes some time they are taking care of it.
They had all the time in the world and still took over another half a year to do this.
Partnerships: Company is in ongoing partnership discussions with interested parties seeking to mutually expand client bases.
Nothing has resulted of this yet. The seminar guys are a long ways off evidently. Zero thus far.
This would be indicative of other parties behind the scenes having an active interest in what the company has developed and their impending market introductions. If so, then we're perhaps looking at a greater amount of leverage for market growth sooner than we might have anticipated. They have already mentioned their close relationship to CMA which has major markets in Latin America. That could be a very strong reciprocal market sharing arrangement possibility. Positive statement in sum.
Indicative or implied by the company? Nothing has resulted thus far? No word about CMA? What happened there?
iFinix has met with multiple brokerage houses in February and March and has submitted term sheets with contract negotiations pending.
Right. And the result is nothing more than a claimed Letter of Intent to do business with one. We're still waiting.
This is big. If they can produce proof of a brokerage agreement sometime soon, then this company and the stock is going to rock IMO. I sense some people are getting their weeeeeees lined up in row in the event we get any such announcement. I'm glad they have mentioned this now. If they have tendered their terms and they are settled and agreed upon soon then we may be sitting on a powder keg now.
The big IF that resulted in yet more nothing. Woulda been nice, but nothing doing.
All in all, a very strong, clean and direct update. Just what the doctor ordered.
Yes, strongly worded, yet it resulted in very little.
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DISCLAIMER: These are my opinions only. Do your due diligence before making any investment decisions. I buy my shares like everyone else. I accept no form of compensation.
That is for sure.
Thanks Bijan.
I agree to that. You are entitled to your opinion.