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Alright I just seen the news, I wasn't expecting this. My experience has been when a company wishes to increase authorized shares it is to retain control of their company usually from hostile take overs. The short may have forced them to do this. Also maybe the sale of the spa within a spa attracted a big investors that wants to buy a large chunk of shares or part or all of the company. What disturbs me here is that it was done a day after the press release which basically was all about the share structure. So in conculsion, they use the authorized shares as a protection measure from any change of control of ownership, in addition they can also use their authorized shares to acquire other companies rather than using their cash they can use stock for stock transaction and actually increase wealth to the company of which increases wealth to the shareholders. I hope they explain what is going on so they don't lose our trust. Any thoughts?
Thanks I tried that number but it seems more of an appointment line for there different locations. I will email him and then I will let you know what I hear from him.
Hey Time what email or contact number do you hve for Greg? I need to talk to him about some things.
That's good, let's get the shares in stronger hands for next week. So the next time we run we can go much higher.
AMSZ Get in before they release the details about the spa within a practice sale which I think will happen Monday morning. From press release yesterday.
last month AcuMed finalized the sale of its "Spa within a Practice" subsidiary. The sale cleared over $450,000 in debt off of the company's books and significantly reduced its monthly operating expenses.
That means the sale was at least over 450,000$. Company is waiting to release the details which I believe will be on Monday. Today is the day to get cheaper shares.
Good morning and good post. If we could get everyone to play by your buying and selling rule this would be a monster. Let's see what happens today.
There is a lot to digest in those numbers but the NITE numbers are surprising to me. It looks like they have been playing with this one for the past couple of months. I don't wanna say naked shorting is or was going on here but if you look at the share structure and the number of shares that NITE dealt with in April and May I would tend to believe that may have occured here.
Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But due to various loopholes in the rules and discrepancies between paper and electronic trading systems, naked shorting continues to happen.
Yea bank I've been here since may 27 and i've noticed the same thing. I think the mms are at work here too trying to keep the share price from rising and attempting to accumulate. They will truly be the one to punish the short if they can get a hold of enough shares. They know if there is a short and they also tend to know when they are trying to cover. It's gonna be interesting to see what happens tom, I wished they would have waited to release the press release till Friday morning. We had enough attention yesterday night and I felt we were gonna go up with or witout a pr. We will see what happens in the am.
Whomever sold is gonna miss out big time. I made the same mistake at STHG. This is if we close at or above the high of the day because if that happens we will gap up tom. Then I believe many will hold this over the weekend, there is a huge posibility that they will give us the details of the spa within a spa sale details on Monday morning. Thats the news that will put us over the hump.
I agree with you on this being the mms but there is definitely a short here but I dont think they are covering yet. MMs want shares so they can be ready for the run cause they know how quick they will be able to move this and it will be justifable when they do it.
I like bb got the word out earlier and hopefully he will continue tom. Not enough buying pressure right now, it was real good earlier though.
Hopefully the mms get some shares this time so they can finally let this go.
I still dont think the shorts have begun to cover yet. This is mms trying to scare people that just bought in. They see how easy this can move up and they dont want it to until they have enough shares. I think shorts will begin to cover if we reach a penny.
Also now I believe if we get passed .01 the shorts will have to begin to cover and when that happens kaboom.
MMs everyday this week have been winning the am battle especially the first 30 min but they have not been getting many shares. We need to break .0082 and then .009 and then the fun begins.
Hey bank it's always great to get into a stock that I know your holding. I hope this is the one we have both been looking for all this time. We have both been in some good stocks that ran pretty hard but we have never been in one that ran like cdiv did. Well at least I haven't so I'm praying this is the one that does that for us. It's very busy in here tonight. A lot of excitment. I hope it lives up to the hype.
A lot of people are getting really excited about this one. I'm with you on the details about the sale. I'm researching right now through a friend in the real estate market to see if he can find the price it sold for. He said he would let me know tonight or tom if he is able to locat it. If it sold for more than 600,000 then I'm gonna load the boat big time and gear up for a huge run. Three big things for a subpenny stock, one is the authorized shares which amsz's is almost unheard of at these stock prices, second is profitable and third the ability for a stock to grow. Now selling the practice adds to the assets which ties in with profitable and the ability to grow so if they sold it for above 600,000 in a market like this that would be amazing and catch a lot of peoples eyes.
It was a key close for us but the mms have been relentless in the ams this week trying to get cheap shares. I don't think the mms realize there is not enough shares available for them to get. Most people on board now know this is heavily undervalued so we will see what the mms try and do tom in the am. The thing to watch tom and friday is the volume that comes in. That is the biggest indicator for a stock like this. If we can close green tom and Friday then watch out for Monday. The new CEO is watching very closely and knows exactly what he is doing so don't be surprised if we see a pr tom morning. If not and the stock price keeps rising then I believe Monday they will give us the news that they have been keeping in the back pocket. Remember they sold a practice for a substantial amount of money and they have yet to release the details. IMO they are waiting for the exact right time to release this and then kaboom. Oh btw thanks for the work your putting in here, I really appreciate it and I'm sure others do too.
The mms see how easily this moves on low volume so I believe they are trying to load up and get some shares. I dont think its shorts trying to take this lower, imo its the mms trying to load before a major run.
The key today is to close over .007, then if we get news about the finalized spa sale tom or after hours then all I have to say is watch out. I dont wanna make the same mistake I made with STHG, I sold at a penny and look at it now so I'm holding tight what I have here.
BB I agree and we are in better shape now that we got rid of some of the penny flippers. Now buying pressure will take us to new highs.
Yea I noticed that too, we are in better shape now that we got rid of some of the penny flippers. Now buying pressure will move this to a penny.
BB I cant believe the idiots who bid whacked this. With news it will fly by a penny. This doesn't need a lot of volume to move so think whats gonna happen if we get news and say 50 million volume. Hopefully the company is watching and knows how much attention they are getting now.
Yea they do this everytime we have a decent gain. We needed to break through the .0075 and I think we would have exploded past a penny. Now the company needs to realize whats going on and give us some news. A lot of people are looking at this company now.
I agree, we need the details of the spa sell so people can see that its real.
whomever just did that is a idiot. That was the stupidist bid whacking i have ever seen
There doing the 5,000 share garbage thing again. Looks like they need shares. I'm surprised the company did not release details of the spa that they sold. I hope they do.
BB I think AMSZ is gonna give us the news of the sale. Timetofly got in touch with the CEO a few days ago and got some encouraging words. Lets see what happens, its a very low float so it will move fast.
He pumps and bashes the same stocks. I would stay far away from any stocks he advises. He only cares about himself. He was pumping the shit out of cdoi about a week and a half ago when it was close to a penny. He cost a lot of people money but I don't think he really cares.
Hey bb they never fill me when I try to buy that stock. Seems like there's not enough shares available on that one.
Haha pass me some too
I agree and believe this will take off when the right news hits. There is absolutely no reason to sell at these levels. No dilution, a very low share structure and a new CEO that hopefully gets us moving in the right direction. Look at cdiv historical share price before they took off and you will see a very similar pattern at a low price to the one we have here.
It is pretty sad cause I believe if we got some decent volume this would fly. On a positive note I've seen other stocks that have had a similiar trading pattern that took off very nicely once the volume started to come in steadily.
This company is undervalued but the problem is nobody seems to be interested in buying at the ask. We need something from the company to give us some momentum.
Oh thanks I didn't check for it. I thought they would press release it. Hopefully we get something by early next week. IMO the spread is to big to sell or buy.
I read this in the press release dated 5/17/10.
The company expected to issue earning this past week but due to acquisition activity and delays with our CPAs we expect that first quarter earnings will be released approximately May 20, 2010. We will also not be attending the Global Summit in order to focus on our current developments.
I agree but the mms are screwing us with this spread. IMO people are scared to buy cause of how wide the spread is. If they tighten it up this will move fast with or without news but I'm expecting good finacials soon.
HUUUGEE volume on IDOI 61 mill in buys in last 5 min
I believe they were in the process of updating the magshoe and bringing a better more secure product to the market. They just finished the new updated magshoe at the end of April so let's give them some time to hopefully do what's right for the investors.
I agree with you a 100% on that one, if this were run properly without the Israel ministry of defense interfering I believe we would be trading in the penny range. Hopefully they get there act together cause the product and the market for it is there. It has been a while since we have gotten a press release from the company so I'm hoping we hear something from them this week.