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bizzy,listen up ok. I'm only going to say this one more time. On Feb 23-26ish the company puts out a press release pumping the stock to highs on possible cash buyout.
The company includes in this same press release that it is possible merger (of couse they leave off that if this occurs its a reverse merger most likely preceeded by a reverse split). So now they have covered their asses legally but also create a stir among you suckers only focusing on a cash buyout.
The stock rises on explosive volume hardly seen in prior trading periods. That move is followed by this same explosive volume for the next 30 days, yet the stock trades down steadily with tremendous selling.
Many of you have been buying and buying. Who is doing the selling? Buyers clearlyhave been diluted out after the pump.
There is only one answer.
The company told you the truth right to your faces and in the same sentence hoodwinked all of you. And now there are no answers to the shares outstanding and no press releases.
I have already told you what is coming next. Time will tell.
Just like you, I have a right to state my opinion. You should open your mind to the fact that you might be wrong and this one is going lower, because it is.
Whose shares are they cancelling? Are you giving them your shares to cancel?? Companies just don't cancel shares. You are being lied to.
The sad part is that you do know I'm not lying. My posts are too well informed to be those of a child who knows nothing of the market. The fact is that I am what I say and now that you know, its killing you. This is the last I will mention of it.
GBDX does not have much time left in the .004s. I have been thinking over the weekend that when GBDX breaks into .003s, my desire to purchase at .0025 will probably still be too high. I am thinking of moving my purchase thoughts toward .002 area instead
Orangeman, the only shorts in the stock are the market makers. They aren't about to lose money, especially when they decide what the stock price is. The more they short the more they want it lower. You tell me which way the next move will be, its obvious. look out below
I am curious about how much longer it will take the transfer agent to let us know how many shares are outstanding on this one. It looks like the float and/or shares outstanding have been expanding very rapidly over the last month. An increase in shares outstanding is the nail in the coffin of any buyout hopes. When the company turns over this card all will see hope is lost for a cash buyout.
More likely we'll see that after the outstanding shares are released, the company will reverse split it down to a more manageable number to put the market cap in line with other shell companies to prepare for a reverse merger.
Someone here said that the company would have much info on those papers this week. Hopefully we'll see it soon.
SEC Rule 14e-3 prohibits trading by anyone who obtains material information about an unannounced corporate takeover or tender offer, where that person knows or has reason to know that the information came directly or indirectly from the bidder or target. This ban is across- the-board and applies regardless of whether the prospective trader has a fiduciary duty or relationship of trust with anyone. Further, those who have such information about tender offers are generally barred from disclosing it to others who are likely to trade.
Why would the moderator RonnieD be banned?
What I see are a bunch of new shares coming onto the market a little at a time each day, lately at .0041-.0044. As long as there are buyers in those areas we will continue to see heavy volume down there with very little bounce back. Sooner or later buyers will empty their wallets at .004s and the company or MMs will have to look to .003s to unload their new shares.
TAKI you pushed your luck one too many times. Its not coming back this time. Next move is in the .003s. I hope you really did not purchase shares in .0043, as you won't see .005 bids again.
shorts do not cover as prices collapse. on pinks they let the price continue to spiral down until a reverse split takes them out of their short position on its own. If you see any buying, its not shorts covering, its suckers.
Who is selling?
Its obvious dilution is occuring. Whether its naked short selling or company dilution by selling new shares. 50million shares a day without a corresponding price rise means only one thing. More shares are coming onto the market and being 'created' on way or another.
bizzyboy2. All my posts are in my opinion. Whose opinion would it be other than mine? When you post is it someone elses opinion?
My claims as to a bloating float and likely new share selling by the company with a gagged TA are no more "unsubstantiated" than someone jousting about a $35,000,000 takeover. That is just plain nonsense when the most likely scenario is a reverse merger after a reverse split.
Looks like this one has run totally out of firepower. I'm looking for lower prices ahead. Sooner or later .004 support will break.
Looketh doth, for if thou doth not identify thy sucker, thou beith.
How come you guys are the only ones who know about the cash buyout and not the rest of the market?
The next move to .004 will not hold. Looks like the pop today off the low is only going to take us toward .005 instead of the .006 we have seen over the last week. Get ready for lower prices. I am going to mentally set aside $10k or so for the 4-5 million shares I'm going to pick up at .0025
I do not understand how this issue is holding up so well. Sellers are in total control but it appears they are not yet willing to push it lower. To me that means they have alot more shares to sell and are trying to get as much fills as possible at these levels before bombing it.
MMs are only sellers here. As soon as their bids get hit, they move off. But they have plenty on the ask. Each afternoon they raise the price late day to suck a few more longs in the next morning, then they begin there selling again.
I wonder who NITE is selling for? Sure seems to have alot of stock. Are there that many large holders willing to offer 10+ million shares? Maybe NITE is naked short selling or maybe the company has been issuing a bunch of new shares onto the market once they gagged the TA.
It looks like it could not hold folks. There is simply no buyers left to come into this one. I suspect we are going to make yet another attempt at .004. I am holding firm at .0025 to double up on my original shares and get back in for a new share position.
Yes sure. That's the reason. They won't give out information because they are getting too many calls? Sounds to me like you are looking to sell some stock and are passing out nonsense to attempt to get those here to push it up for you. Tell me Ronnie, what price are your sell orders at today?
I'll buy back before Aprit 1st. I suspect its about to go lower. I'm hoping to double up my shares around .0006
How many shares are out there on this one?
Good luck guys, I took my profit and ran. I wish I bought more shares to start with, but oh well.
i dumped 5,000,000 at .001, tired of waiting.
TAKI I haven't seen you mention any of your sells. are you telling us when you sell too or just your buys? If you telling us all your buys are coming from new money or are you trading this? Its a little self serving to only quote one side isn't it?
There are only so many times it can approach .004 before it totally breaks down. Who has a feel for what buyers are at .004?
Where is all this selling coming from?
Of course its a croc, why would anyone assume otherwise?
it looks like the buyers are losing the battle. too many sellers. I do expect I will able to buy my shares at .0025 soon.
It looks like its having a difficult time getting through .0055. How long can it hold up here before falling into the .003s?
Bullocks if the company is buying back all those shares, where is the selling coming from???? You have it backwards. The company is giving away shares onto the market to survive.
who are the generous ones who are turning in their shares to be retired? why are there no answers?
looks like the short selling and insider selling is picking up now.
rgnoll add that 2 million shares to the float as a naked short sale
This stock has nothing but sellers. Everyone who wants to own it on this takeover (reverse merger) already does.
Looks like there are no buyers this morning. I don't expect the price to hold.
They aren't going to have to cover, because 1) they have more money than you and 2) the reverse split than is coming will reduce their short position to nothing so they can start shorting again once the reverse merger occurs.