is... watching & waiting
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Direxion Announces Reverse Splits of Two Leveraged ETFs
BY PR Newswire — 8:02 PM ET 04/15/2016
NEW YORK, April 15, 2016 /PRNewswire/ -- Direxion has announced it will execute reverse share splits for two of its leveraged exchange-traded funds ("Funds"). The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Direxion will execute a 1-for-10 reverse split of the shares of the Direxion Daily Gold Miners Index Bear 3X Shares ( DUST ) and Direxion Daily Junior Gold Miners Index Bear 3X Shares ( JDST ) effective at the open of the market on May 18, 2016.
https://screener.fidelity.com/ftgw/etf/goto/snapshot/newsStory.jhtml?symbol=DUST&storyid=201604152002PR_NEWS_USPR_____NY73495
Just had to ruin the fun... May 18th effective date, plenty of time for something crazy to happen. They may regret not making it 15/20 frankly.
Crash the system to their own benefit, seems pretty obvious, that's been the original game plan. A finale of sorts to the Zirp/Nirp credit bubble, and the headline diarrhea come Monday thankfully.
A+ for pre-meeting meeting posturing... what were we meeting for again?
Speaking of bankruptcy... $0.19's could bounce
500 points to anyone that sold +$0.70's today
Cue crash into NYMEX close
Line up for $0.20's
Line up for $0.20's
Talking two hours, not months from now ... the meeting that stopped the onslaught in Feb is here and longs are looking for the door... perhaps they too overlook the great news referenced
Good luck
Rig count $40's only hope
Range bound until the Fed decides to save the dollar over the S&P
Man this is funner than oil
Does it open at $44 or $37 Monday?
Could be a bloody close ... a Monday for the history books if OPEC can't produce a headline prolonging the pump & dump
Nice move this morning
That's lunacy
Oil up, good, oil down, good ... Yawnnnnn
Is it Monday yet?
Bringing two pairs of shorts to work Monday
About time she woke up $41 on deck
That's the name you'll find in Pacer, one other hit spelling the middle name Belnap, but I agree
He once ran a Life Center for Health too FWIW
Entity Name: LIFE CENTER FOR HEALTH, A MEDICAL CORPORATION
Entity Number: C1986926
Date Filed: 06/26/1997
Status: FTB SUSPENDED
Jurisdiction: CALIFORNIA
Entity Address: 653 CAMINO DE LOS MARES #103
Entity City, State, Zip: SAN CLEMENTE CA 92673
Agent for Service of Process: CALVIN B ROSS
Agent Address: 653 CAMINO DE LOS MARES #103
Agent City, State, Zip: SAN CLEMENTE CA 92673
Calvin Belknap Ross - chip off the ol block
Breaking down
Nice action early NG (2.5%) $1.975 low from previous breakout needs to be tested, $1.92 below that would send DGAZ screaming, report could be a non-event to slightly bullish and we chop sideways with $2.00 overhead
GL today fellas
Cash flows from operating activities: $ 29,233
Lol pretty sure you're correct - page 27
The Company has no current source of revenue; therefore, the Company has not yet adopted any policy regarding the recognition of revenue or cost
Monster Marketing was the man behind the curtain
The Company’s cash forecasting efforts lack sufficient controls and processes;
Certain assumptions underlying the cash forecasts provided to the Board by the Company’s management were overly optimistic and a more fulsome discussion of risks and adjustments with the Board was warranted;
The Company’s management has not responded appropriately when forecasted targets were not met; and
-he Company lacked sufficient controls and processes regarding the Company’s managing of cash flows, including extensions of accounts payable and the use of cash committed for projects, and related disclosures to the Board were not comprehensive or made on a timely basis.
Where's the good news?
a/o Jan 4th they were in the process of returning 375M ... convenient PR 3 days into the new Q to bait investors for another 4 months... it is what it is
http://www.marketwired.com/press-release/new-generation-consumer-group-announces-return-of-the-cup-otc-pink-ngcg-2079709.htm
Mike Berio dumped over 90% of his holdings in the period, or 72.4M shares, this is the guy promoted to Director alongside Tom
Cal chipped in 19M
Justify it how you like
Don't look now... Cal has 150 million shares still, and 100% of the A2 preferred, OS 678M
A whopping $29,000 Net Income
No reduction to A/S
Still touting Monster Marketing
Still sharing offices with other penny stocks
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=152968
Forecast for report tomorrow essentially unch, may be one last party for Bulls
It's bullish... they said Doha
Russia's energy minster just told a briefing that the Doha "freeze" deal would be "loosely-framed with few detailed commitments."
Two Russian warplanes with no visible weaponry flew simulated attack passes near a U.S. guided missile destroyer in the Baltic Sea ...
Russia's energy minster just told a briefing that the Doha "freeze" deal would be "loosely-framed with few detailed commitments."
H e a t i n g uppppp
No news - no volume, ironic
Load the boat
Back up the truck
Numbers still being digested - USD came out swinging
Looked like a headfake on the Gas inventory for a sec ... still holding LOD to its credit, perhaps euphoria for Dora got ahead of itself
2080ish to test weekly down trendline, look for a nice tail up here
USD has a heartbeat