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INDR Thin, 105mil volume friday
INDR 105mil volume friday, somethings coming.
INDR's thin .0002 1 left, .0003(1) .0004(1) .0005(1) .0009(1) fast mover.
IMDR 2(1) 3s(1) 4(1) 5(1) 9(1) thin once we break 2s, then we move!
INDR 2s 1 left 3(1) 4(1) 5(1) 9(1)
INDR .0002(1) 3(1) 4(1) very thin,
INDR gaining momo 2 left on 2s 1 on 4s 1 on 5s 1 on 9s
INDR has been filling slow, just wait.
IMDR slow fills, just wait.
INDR 51MIL
Pretty much with a merger they are to get x amount of shares of the company, going private to public. They also usually get some board of directors slots etc.
On to the share structure:
5,000,000,000 shares authorized
4,9xx,xxx,xxx outstanding shares (shares buyable by shareholders)
2,xxx,xxx,xxx float (this is what is left after insiders buy up shares.
Here has what is going on in my opinion; there was only 2.X billion shares available they were allowed to buy up 75% of those and ProRemotes decided they want a bigger chunch of the company, so QED Connect diluted more share, not only knocking the price down making it a better investment for ProRemotes but also allowing them to get more shares by doing so.
What this means is that we will be looking at a float around 1billion or less and will move fairly quick when it starts moving.
I hope we go sideways like this over the next 2 weeks. thats great accumulation and will lead up to a huge walk up come the last week of dec, beginning jan.
RKLC Reuters did a financial report on it as of 30Nov09
RKLC lotto 2s, real thin
RKLC Lotto .0002s really thin
RKLC Lotto .0002s(2) .0004(4) really thin
RKLC Lotto on 2s 2 left then 4s are up
lol all i can say is bag holders...
MYNG read the 10-q they talk about R/S 500-1 ewww
RKLC 2s(2left) then to 4s
QEDN 6s up
QEDN 1 left at 5 2 on 6s then .001!!!
QEDN 1 left on 5s been thinning out, believe merger company has started buying up their 75% of the O/S going to be moving on air soon IMO
I am confused, why would one buy this...
We hope to schedule a shareholders’ meeting to seek shareholder approval to reverse the number of outstanding shares by 500 to 1 to accommodate the potential number of common shares necessary within our current number of authorized shares.
Link:
http://investorshub.advfn.com/boards/post_new.aspx?board_id=1091
Latest 10-Q
Under Equity
Not a basher, was a potential buyer, but didnt like when i found this... Unless someone can point me to something that says they are not i see this tanking.
Think about it, if they had all their shares they would have released news... if they keep holding out on the news, people get tired of waiting and sell, price drops, then they buy em.
I dont think they have all of them
QEDN 5s(2left)
QEDN 5s(2) 6s(2) .001s(3) good place to get in
RKLC 2s(2left) then 4s on L2
QEDN 4s 1 left entry point,
QEDN 4s(1 left) bottom entry point
L2 structure
They want you to sell so they can buy at cheapest level.
.0004(1)
.0005(2)
.0006(1)
.001(3)
If i were to guess i would have to say until they decided to leave or certain time frame listed in the merger agreement.
QEDN, yep its bottom they will start buying up shares now.
Why Price Drop Heres WHY!!
By diluting they are maximizing what ProRemotes can buy, and also bring the price down by scaring the scurrdy cats, hence dropping the price so they can BUY UP THE SHARES at BARGAIN PRICE...
We have been getting thinner and thinner moving up on less and less volume.....hrmm wonder why. 39days until last day the merger completes.
QEDN will maximize share structure, by putting the O/S at 4.9bil
4,979,425,280 Current O/S Just called TODAY!
Leaving us a float at: 3,636,723,512
Tied up by insiders: 1,342,701,768
3,636,723,512 x .75 = 2,727,542,634 tied up by ProRemotes
3,636,723,512 - 2,727,542,634 = 909,180,878 NEW FLOAT
QEDN BUY POINT HERES WHY
FYI, I would not sell, here is the current situation.
QEDN is merging with ProRemote Solutions to help boost business, has 2 locations in 2 different states one Branch in philly, HQ in Georgia.
QEDN will maximize share structure, by putting the O/S at 4.9bil
4,979,425,280 Current O/S
Leaving us a float at: 3,636,723,512
Tied up by insiders: 1,342,701,768
3,636,723,512 x .75 = 2,727,542,634 tied up
3,636,723,512 - 2,727,542,634 = 909,180,878 NEW FLOAT
QEDN thinning add to watch!
QEDN thinning add to watch
SKGO, QEDN
SKGO: walking up, imo awaiting news update with visit to china about finding a merger/reverse merger partner.
QEDN: Thinning out, little volume will take this up to 8s 9s .001s and higher!