Any profit is a good profit.
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Doubt that. He has much more to gain by setting up a reverse merger with the shares he has of Rhino.
Way ahead of you my friend. I found MDIN bc of IFHR. In both right now. The chatter is Ray should be giving an update on Rhino sometime in April. Could be a reverse merger or joint venture. Plus the chart looks pretty good.
Granted he only owns 6 mill out of 28 mill outstanding in $IFH* but nobody cares bc it has a 22 mill float looking for a reverse merger and is a shell.
To me 22mill is really small when comparing most stocks. Plus reverse mergers run like crazy anyway. Then add the small float and it could have a huge run. Let me know if you find any new info.
Based off the annual report that was put out on Jan. 31, 2013, I'm seeing 22,644,150 in the float and 5,930,596 in resticted shares for a total O/S of 28,574,746.
Last time I heard they were looking for a reverse merger. Then they found a joint venture they were interested in but nothing was finalized. So we are waiting for news on details of either a reverse merger or a joint venture. Either way if it's getting this company money it will run since the float is so low.
I'm sure a few people on here can help. What do you want to know?
Now we get a 300K wall on the ask at .023, This trading is crazy.
I know people try to hold it down sometimes to load more shares cheaper before news but I wish they would just let it run and then get news. Seems like if that would happen we would reach a higher selling point after the news if the run started at .05 instead of .02. I know with this float starting at either of those it would have a monster run but I see this lots of stocks and I don't understand the strategy.
I agree about the float moving quickly. But it's annoying making progress just to have it wiped away daily on small amounts of shares.
People sure don't like seeing this stock in the .02+ range for very long. I hope we get an update soon.
I thought I noticed someone doing that last week. And I'm starting to thing people hate making money the way they keep knocking this back down under .02
I wish he would sell anyway. Anything .10+ would be amazing imo. Can't beat guaranteed money.
I thought the same thing. They leave the ask at .025+ and don't get a buy after 5 minutes and dump on the bid or lower the ask. Gotta give it more than 5-10 minutes.
Completely agree with that. Just wondering when the news will come since the CEO is currently working with another company on a product rollout right now. Hopefully he is working this reverse merger in his spare time.
Holy crap...did I miss something when I was gone to lunch? Glad to be back up here though.
Who in there right mind sells at .0045 when the last shares bought were at .0058? This is driving me nuts.
It looks like someone really wants out badly right now. They've done a big drag down over the last couple of days. Hope these low prices encourage some buying and a small run back up.
Just from speculation of a buyout it brought a thought to mind. If I was the CEO and owned 100 million shares, there is no better way to guarantee getting the max amount for all your shares than a buyout. Otherwise you risk tanking the stock of your company if you sell. Plus if I had that many shares, .25 cents would be life changing. So maybe all this work is for a buyout?
I just hope the company found a legit candidate for this merger and all of these ups and downs will definitely be irrelevant.
That I agree with but it would be nice to start the run from .025-.03 range instead of .016. But the float is super low so I guess it doesn't really matter.
You and me both...I'm tired of seeing dumps on the bid under .02
I understand this stock is not trading heavily but why knock at down a full cent. Irritating...
Looks like we have someone putting in big asks randomly, scaring people into selling into the bid then removing the ask once they are filled. Maybe I'm wrong but it sure looks like what just happened.
The ask lowering is getting annoying very quick.
All those people bought between .015 and .02. There hasn't been that many shares sold above .02. And I'm in at .0035 so I don't think they played me.
Looks like someone doesn't want this to break into the .03 range. Every time it gets close they whack it back down and then drop the ask.
I definitely agree we need some more interest here. I also wish we would stop seeing over 100K shares on the ask. It seems to make everyone stop buying every time that happens.
I'm on the bid right now at .0025 and it filled me 4 shares. Why even execute that?
Look at page 4 of the Annual Report released on Jan. 31 and it shows issued shares to alleviate outstanding debt.
I'll see if I can find it real quick. Either way it's a really low float and moves quickly.
Actually the float is like 16mill as of the last financial bc the paid off creditors but still really low.
I have a feeling XP is going to not post about this for a while then it will go up on news and they will come back posting about how they alerted a while back. In other words, how they play almost all of their picks.
And you know this how? Or are you just making a prediction?
Where did you get that information?
Which newsletters would that be?
I'm tired of VNDM. He is sitting on the ask with these bogus asks for more than one stock I'm in. Just had to vent...imo MDIN will be huge as it gets close to January so no need for anyone to worry.
I bet he has more than 50k on the ask. He hasn't been showing his hand in a bunch of stocks lately. VNDM had a 10K ask yesterday in another stock I own and he sold about 3-4 million.
VNDM has been doing this to a lot of stocks lately. He has showed up with endless amounts of shares on the ask of 3 or 4 stocks I have been watching or own. And on those stocks the share structure hasn't changed. So I'm completely lost to what has been going on with that MM.
Ok...that makes more sense. I was looking at OTCMarkets.com and I guess they haven't been updated yet. Thanks for the response.