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Nice day. This will pull back again, then buy buy buy. Remember these things about a share buyback.
1. The company is under no obligation to buy ANY shares back.
2. They choose the purchase price which can hold the price down during the buyback period.
3. Sometimes they do this just to prop up the price to dump more shares.
4. Where is the money coming from?
Be careful out there all.
Sellers at .0067, they jumped on that price pretty quick. Seems to me that with the recent and pending news this would move more. Very narrow range right now. Hmm.
More good news out and done in a more professional manner. Yet no movement once again. I guess we can hope for the ol' pink sheet delayed reaction?
indepth - my count 200,000
Hmm, a trade for .06 near the close. Why couldnt they do that on my sell order for .10:)
Yes I believe you are correct. Do you suppose he'll hold off selling out for the big money when BJW comes through?:) Probably not that smart eh.
Not the worst day, but pretty dismal. Any body see a rhyme or reason to the volume numbers?
http://investdb.theglobeandmail.com/invest/investSQL/gx.price_history?pi_symbol=PWTC-Q2
All good points cachet. I dont know who has the answers.
Most bids currently from .05-.065. Looks like another buying opprotunity coming. You could probably flip at .08-.09.
Well thats a big disappointment so far. I expected some move, at least to near .01 in the PPS.
News finally out. Here's a suggection. If youre gonna sell tomorrow, put your ask in at a high price initially (Im selling at .10), It may cause market euphoria. You can always change it later once trading begins.
Well, they certainly didnt make any money dumping today - straight down. Arent you supposed to pump before you dump? But I guess free shares are free money.
Disappointing day so far. Where's the news? Theyve had 2 extra days considering their fist inclination was to release it June 4. And the market is not even showing anticipation. Very thin B&A so far. I'll bet one could fish at .0065 and get a fill before anything actually happens.
Might want to look at this one again. Lots of good news lately.
Anybody use this service? I ve heard several times now that there is a long term positive report about PTI here.
http://frip.dk/hints/
11 million shares bought at .006-.0065 (and mostly @ bid trades). Im guessing they will be dumping at .008, or Monday, whichever comes first. Would be about 25% return (approx $16500). Nice days work, if you can get it.
'E' back? Or not? Quote boards are all over the map today. Some dont have PTI as existing at all.
SCHB & QUIN fighting over this thing? Its almost funny to watch them jump each others B&A.
May have been confusion with the 'E' being removed. Orders cannot be executed because the security cannot be found. I have personally had that happen to me.
MM quotes have been firming up between .10 and .20 - maybe some near term move coming? Yes I agree, actual hard evidence is what will really drive this up. I feel the latest report did gain some new faith from at least current investors (even catchet is showing a more optimistic outlook:)). Im hoping that time will tell us if any analysts pick up on the news and decide to initiate coverage. IMO this is an easy double from these prices, even on lame news.
The 'E' removed already? That was fast.
I believe LB would still be wide open to a private/investor suit. It would seem that BJW has seen that and cleared PTI from any potential litigation.
JMO
I guess we were all wrong about the reaction. Not much. I was happy to see the document released officially today in a news item.
As Mr hasher points out, even if BJW got ideas, him and who's army is gonna take on Firefly?
Smashing good idea joining forces with Firefly, PTI can use all the alliances they can get. I cant help but wonder though with Mr Walter being a patent attorney and all that, he just might not be able to help himself in going after Firefly legally. All in the best interests of the shareholders of course. That sound you hear is the bubble deflating, once again. Lets not give him any ideas.
Funny, I was thinking the same thing when I checked out their webite the first time you posted it. Sounds very much like PTI's battery and yet they claim that its technology invented by Caterpillar. Hmm.
Read a good article last week on patents and how theyre being infringed upon and how the government cant keep up with the requests and how every little thing is patentable (or patented already) these days. (I was shocked at the items they mentioned in the article that had been patented). It was about the software industry but I think the general jist of the story can apply to any industry. The writer of the story had one of his own patents 'stolen' by a large computer conglamorate (something he had patented years earlier). He found out, filed a complaint and the other company lost their patent. It just goes to show you how many patent applications are being pushed through without really doing the proper infringement searches.
Re: posts 9680 and 9681.
I totally agree that the pilot plant will be an extension of another company. This is most realistic considering PTI's present dilution. This is why I have questioned the 'petty' dilution over the last 5 years. 100 million shares issues, mostly below .10. Had they pumped properly, they could have got $1-5 per share and had their own working capital instead of relying on others now (thanks LB). Future dilution is bound by the same rules. The latest financing itself states that the number of shares to be issued will depend on the stock price - they have to pump it up if they are to survive.
Some of my own thoughts on the 10-K:
It looks like a 'coming clean' 10-K, being more open about the last 5 years and what the potential future possibilities really are. This report included more info than ever before, it was more realistic and should bring 'some' investor respect to the company for doing so. Hopefully future reports will be done even better.
I felt that some of the info may have been better served by coming out in PR's. There's some good potential in it but less folks will notice because they wont read the 10-K, relying more on PR's. The 'more informatin to be released in future PR's' now has to be even more 'groundbreaking' in substance than if they had kept the market informed all along and created a slow steady incline in the stock price.
Initial reaction? I think a small but sharp uptrend early Tuesday before the downtrend comes. There will be some initial excitment but probably low volume so not enough to sustain it. For someone with BJW's 'experience', this seems like a rookie mistake to release it, not only on a Friday, but before a long weekend. It would have been better served up before open at the begining of the week.
Beware of things that just appear. It may look like it came from Microsoft (which isnt always a good thing in itself) but it could be spyware or a virus. Some spyware can track your keyboard and steal your passwords. Caution.
I hope the 10-K is taking so long due to the vast amount of great news they are trying to fit in:)
Welcome back gamood, misery loves company. But seriously, I think a double is easy from here.
We've been looking at this all from the wrong angle. Check out what this guy does.
http://www.kfor.com/Global/story.asp?S=3390503&nav=6uy5aHLq
That explains all the volume and down arrows:) This better be good. If its another typical PTI no info 10-K then Mr hasher may see his .03 buying op next week.
Thanks for calling rooster.
Hi matrix
Technically you are quite correct. Maybe its better to say the MM's are still 'controling' this market/stock. They are there, dont let it fool you. Its kind of like saying naked short selling is illegal, but it still goes on. If a market was completely unsolicited then that would mean you and I are doing the N.S.S.? I dont think so. All I wanted to get across is that its another factor you have to consider when buying into this kind of stock. Those MM's will play, illegal or not.
All depends on which of the IF factors you believe.
This could be a good buying opprotunity IF it is only the MM's buying and selling, or repositioning them selves. Occasionally on these stocks, a few MM's will diappear off the board and the bid drops off (or even the ask skyrockets) only to rebound dramatically when they return. IF this happens intraday, it can make the appearance of some investors making huge money in short time. Watch the volume during these times, usually very little trading happens. IF youre a trader, try to dip in at these levels. If you get a fill you can cash out usually within a couple of days for a 30-50% return.
This could be a great buying opprotunity IF the company is really finalizing test results, bringing another product into the fold, working on marketing for their latest acquisition and finalizing the upcoming PR campaign format. IF this is the case, buy all you can at these levels. You will have ample time in the near future to sell for 100%+ profits - even more if the promo goes well. And as long as you dont get caught being greedy. A promo can come down as fast as it goes up.
On the down side, IF this company is really a pump & dump scam outfit as some suggest, then its quite possible that they have just isued a hoarde of new shares on this latest news and are at this moment lining their pockets at any price they can get (Ive never understood that 'any price' part myself, but thats a different story). Look for large volumes with a downward stock price lasting for several days to confirm this.
These are just a few hints that I have seen over the years. To get into all the 'ands', 'ifs', and 'buts' would take hours of explanation. You know best what type of investor you are and what level of risk you can take. Dig into the past of the company (somewhere besides a chat site) and form your own conclusions as to whether you want to invest. Watch the charts every day and learn to understand why a stock moves like it does.
Lotsa Luck
There it goes, trading again.
Someone on RB has suggested that trading has been halted. Can anyone confirm that? Only 2 trades today and almost 1 hour since the last.
I dont think anyone here would have a problem with seeing you back with the company. I also dont know if a change in management is what's needed though as opposed to you more stepping in to help.
Mr Walter, whats up? Tick, tick, tick.
Good point then. I was unaware that anyone could see them.
Yeah? Looks juct like VNTB's chart from the last 2 years:) The HCCF promo started only yesterday. You could have bought at .006 yeserday and sold for .008 today. Bigger things coming. Watch for it. Point is HCCF is attempting to do something about it.
OT: Take a look at HCCF and see what good promo and news releases can do. Its a frenzy over there.
Sellers are starting to demand their price. Asks moving up to .0083 and .0085. Also opening some gaps after that. Could move fast.
Do you mean an investor put a stop loss on their holdings or took one off? Im not sure how/if that affects the market as a whole. Its more a confidence thing for a specific investor to do that to protect themselves. I dont believe we can see that statistic anywhere can we?
Im exstatic (sp?) about the volume on Wed, although the price swings were rather erratic. The volume shows huge buying and it's been a while since we saw those kind of numbers. More days of that (?), coupled with some small price increases, and then we should see a drop in volume and larger price increase as people start to hold. Then we will know the game is on.
Nice news item today too. Delving into something new are they? Never hurts when running a promo.
Do you have a target price in mind? Ive heard everything from .05 to .30. Keep your finger on the trigger, its bound to move quickly. Hope you hold a ton of shares at this point. Good luck to ya.