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Ahh.so you believe in the matrix. That explains a lot:)
Looks like Jeff will be happy with .17. He just snuck a sell order in the gap.
LOL, I can relate all too much. I have quite often tried to partner with friends suggesting that they short whatever I buy and we'll split the profits. No takers yet.
Wait, im confused. Arent you Mr.Dont buy until it hits 3.5 cents again? What are you up to? You know thats gonna bring the critics out again.
Nope, obviously still trading - .072. I think that, since its my birthday today, LB and company should send us all say $10 a share by end of day. Sound good? Any objections?
Hmm, strong day so far, level 2 showing the possibility of a good move up. Pink sheets has it showing as halted right now? PR coming?
Are you sure you want to wait? These things rarely turn out well. I see a reverse split coming. 1 for 100 would leave them with a nice even 10 million O/S. 1 for 200 - 5 million. But you have to consider price as well. Most serious investors, lenders and upper level exchanges wont give you any respect unless your stock can hold $1/share. So the good news is that at 1 for 100 the stock has to push 1 cent prior (triple what it is now). But at 1 for 200, only 1/2 cent. If theyre serious then its ok. The higher price and minimal O/S will attract new attention and should drive the price even higher (of course you and I have considerably less shares then). Its interesting how the numbers work right now with them increasing the float to 1 billion. You must also keep in the back of your mind that this may just be another paper mill (stock scam). They consolidate up to $1 per share and then start issuing new shares all over again, theyll make more money that way and its less work than actually running a company.
Hmm, what to do?
Medmira hit $1 today (CDN Markets). Check news page for latest.
http://investdb.theglobeandmail.com/invest/investSQL/gx.company_news?pi_company_id=198112
I just noticed the O/S was increased to 1 billion shares as of Jan 1 05. Thats not a good thing. Dilution.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=VNTB
Be careful with american bulls 2nd Mil, Ive been using that for about 3 months on various stocks and they are out to lunch most of the time IMO.
Nice. And I missed at .0065:( Nice move today, wonder why. I dont think there will be too many more day at that low price.
Starting the same old ploy again? As I recall the stock hit some highs during this. $2.50 in '99 and $2 in 2000, dropping to less than .50 inbetween. I have no problem with that.
I am intrigued by the numbers though. Some resistance at 7 cents, wide open between 12 and 19, resistance again at 20, then on to 51 and $1, $2, ($20?). It seems to me that when Ive checked these in the past that the range levels were quite even all the way up to $1. Guess the promoter guys are shakin things up.
Nice day today so far, guess we were both wrong. Oh well only one day.
I think someone's already loaded!
On a lighter note, I see on the L2 quotes someone is asking $20. Dare we hope that is comin?
I wouldnt be surprised to see lower. They like to run these things nearer the weekend (make everyone foam at the mouth waiting for Monday. Its a tactic).
A word to potential buyers: This is no mans land. The stock price is now somewhere between 'Shit I paid too much' and 'It aint a bargain yet'. IF the promotion comes, youre still ok to be in at these prices but if not youre a sitting duck. I doubt it will happen but below 4 cents is my next buying range.
JMO
LOL. Not to worry, you are also correct quite often. Slip of the finger.
Quite correct. (I know how much it would mean to you to hear that from me:)
The O/S has dropped. Ive seen 127-129 mill on other sites, and now 125. Maybe that 4 million that LB got cancelled really happened?
True enough. No hard feelings. The only repitition I want to hear is 'PTI hits $1' (or even higher for those unfortunates who got duped in at higher prices). Here's to lying on a beach in Bremuda next winter where we can all talk about how ol LB is doing in his 6x9.
Falling off is how you learn, as long as you dont land on your head.
Perhaps hate is too strong a word. And it was directed at those who, although they really do know how to read, chose not to (or manipulate the words to their own liking). Let's say I have little patience for that. Go into politics if thats what you are. Intelligent people who chose not to interact intelligently should be shot!
I would never attack someone who really has a deficiency at something by none of their own doing.
PS - I donwanna know what happens in the woodshed:)
LOL, you have a much better way with words than I:)
Latest news. kinda skechy if you ask me.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C02%5C15...
That I was, thank you hasher. Watney, note the use of the word 'This' in replying to rooster's post? I also hate people who cant read, jump to conclusions (which I get guilty of on occasion), and cant comprehend more than one post at a time. Read and understand what youre reading before you post something dumb. (Sorry people, I think thats about as angry as I get.)
I dont care much for this kind of repetition either.
Got another order in today. Love the price below .006. Even a consolidation cant hurt much at that price. besides, I would have to think the price would have to be closer to 10 cents before they will do one. Doesnt make sense to pay for the 9.6 mill in properties in shares at this price (would be 1.6 billion shares) and consolidate after (1 for 100 0r 1000). of course if the price doesnt run up, they'll have no choice.
A word about CMKX. Begining tomorrow, Pink Sheets is cracking down on companies that dont make any attempt to report to them. Here's a couple of comments from another board I follow. Not sure if this will help or not in our fight. I believe PTI is listed at a higher market than this affects. Otterman.
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It means that starting Feb 16/05 if all pinkees that are quoted unsolicited haven't made adequate current information regarding their company available to the investing public via the Pink Sheets News Service, then Pink Sheets, LLC will no longer display quotes.
Pink Sheets believes adequate current information must be publicly available when an issuer's securities are traded in the OTC secondary markets under the following circumstances:
At the time of initial quotation in public markets;
At any time corporate insiders or other affiliates of the issuer are offering, buying or selling the issuer's securities in the OTC market;
During any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market; or
At the time securities initially sold in a private placement become freely tradeable in the OTC market.
If any of the four above situations are occurring, issuers subject to Section 13 or 15(d) of the Securities Exchange Act of 1934 must be current in their reporting obligations to the SEC. If an issuer is not required to be SEC reporting, we provide the Pink Sheets News Service for those non-SEC reporting issuers to make their information publicly available.
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All they have to do is report unaudited financials to the Pink Sheets News Service...and they don't even have to be SOX compliant...it's a step ahead, but in my opinion, not a serious step and it precludes any stocks that have previously been quoted on the OTC BB, apparently no matter how silent they are now....making it a bit of a joke.
As far as I can tell it does still effect XXXX, but not one's like CMKX that were previously quoted OTC BB, but have since gone pink, gagged their T/A, issued hundreds of billions of shares and file nothing.
We'll know for sure on Wednesday.
Whats with the volume #? Pink Sheets is reporting 1.2 million traded - all other boards reporting 426K? Thats quite a difference. Momentum seems to be building again. Like to see it finish up again today, even a small gain and more investors will notice.
Accumulation? Setting the stage for frenzied buying? Too early in the game to tell. The problem with most of these things is you end up sitting in front of your computer, with your finger on the submit button and a stunned look on your face when its all over:) No one's gonna fire a starting pistol for us. We will find out when the game is already on. Then, you do your best to buy and sell and try to keep up - and hope youre lucky in the end.
And suddenly, over a million traded. Swinging the other way? Dunno, Im waiting yet.
All good points. If someone beleives such then they have to look at the company/stock differently.
If all the comapny does is tell lies, then you must look at the stock data. All signs are ponting to something happening with the stock price. I for one will then place zero trust in anything the company produces in the way of a PR or product - as long as the price goes up. When Im happy, I'll sell out. If it goes belly up before then, I'll have a tax loss.
But then you cant tell much by what happens on any particular day (therein lies the advantage to the promoter, he knows when things will happen). We shouldnt be discussing Friday or Monday at all, but its all we have right now. So then I have to look at the 1, 3 and 6 month charts/volumes. Again, it is telling me something. Upward momentum is there.
I wont be so disrespectful as to tell you to just look at the signs (a: I know youre smarter than that and b: I dont want to sound like some other posters). The stock will go one way or another. But in the end most stocks go up and down anyway right. There are always 2 sides to a trade. Someone is buying because they think they can make money. It doesnt matter if a company is shoveling the BS or not. The trick is to get someone else to pay more in the future for your shares. Investors have no control over that pricing.
Bottom line is, regardless of who's analysis is correct, as long as it doesnt go belly up tomorrow, there is still money to be made in this stock.
And it certainly doesnt look like we're gonna have 4.1 million sellers today yet. So somebody's holding onto a lot of stock that was bought on Friday.
The people who bought on Friday probably dont need an explanation. My guess is that most were 'informed' of the coming promo, a buying spree ensued, and the price got a little ahead of itself. I have no worries that anyone who bought at 11 cents will be making money before 6 months is up.
The '1/3' sellers were probably not privy to any promo talk. IMO they just happened to buy in December and now was a good time to get out. They are probably just 'playing' the stock.
You are absolutly correct about the promoters not caring one iota about the investors. A promotion is done for the promoter and friends to make money, no one else. Like I said, tag along for the ride if you dare.
PS - if youve been a part of a promotion before then I shouldnt have to tell you that wild price swings are a large part of it and absolutly necessary for the promoter to do his job. They buy on the lows, promote, and then sell into the hysteria. But again, PTI's hasnt started yet. I think what we're seeing is just preliminary positioning.
Informed buying, illegal! What a concept. Someone tell the SEC quick. No wait, it was the SEC themselves who has put out several papers in the last 5 years estimating that up to 75% (yes, no kidding! 75%) of trading is insider trading. Hasher dont kid yourself on this concept. There are many informed buyers out there (no doubt some of them are friends of friends of LB as you have pointed out in the past). Informed buying is a main portion of running a promotion. I have read several books on stock promotion and they all say the same thing. The insiders make most of the money. Your job is to successfully tag along for a ride.
I'll try to post some book titles tomorrow and a outline of how a promotion is run (for those who dont know).
Sorry man, I disagree with you 100% this time.
(BTW, I dont believe for a second that the promotion has even started yet. Perhaps some 'word' going around about it but no buying, selling, or PR's yet. What we have seen so far is speculative buying, and profit taking on the sells. Remember, a ton of shares were bought up between 1 and 3 cents. And now they can sell those for double and triple. You bet there's profit taking going on.)
I saw a promotion run back in '99. The company's stock price went from 20 cents to $25.50, in 4 days! And they had little viable product either. Im tyrin to remember the name, will post if I do (Im kind of interested to see where they are now myself).
Here's to hopin'.
Wed. + 6%,
Thurs. + 13%,
Fri + 20%.
Nice run for the last 3 days. Up 44% on the week. 1, 3 and 6 month charts looks good, new buyers will see that.
What does the future hold:
The start of the promotion?
A groundbreaking news release?
Another phony PR?
Joey Jung disappears into a Bre-X mineshaft? (You Canucks will get that one:)
Tune in next week for another exciting episode of As The Battery Acid Burns.
$4500! Now we know who's making money off this company:)
Funny how that happens.
I dont think so. It was from The Investor Online issued Oct 26, 2001. It was posted on the old PTI website but the link is long since dead. I can send you a copy if you like.