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Dude, you announced it here 4 minutes after it came out at 3:13!!!
Have you read it yet? I just saw it.
ROFL - virtually every post on here is "i heard" and has nothing to do with CMSI.
Not with the real one, anyway.
It was listed for trading on the Frankfurt Exchange in February. It hasn't exactly taken Europe by storm.
26 warrants issued in Monday pot raids, remaining businesses vow resilience - The Bozeman Daily Chronicle | 16 Mar 11
http://www.bozemandailychronicle.com/news/article_df545e30-4f66-11e0-ade4-001cc4c03286.html
They don't have a clue, never did.
I don't suppose it's likely they will just transfer some (51%) of those restricted shares over to the new owners?
In any case, getting a new set of CEOs should more than offset any dilution, IMO.
It would be difficult to do worse.
They're going to have to authorize more shares in order to give the new company a controlling interest. At least that's how it looks to me - in other words, dilution.
Currently authorized: 300M shares.
Issued: 264M, Float 128.5M
I saw that yesterday, doesn't appear to have much impact, which surprised me.
You say the most intriguing things:
Yep
Yes, when a stock goes on a run - and hits those lists - the shorts pile on, with good reason. And the higher it rises without pulling back and establishing a floor, the more they pile on, and the harder it falls.
Is that really what you want?
Dude, there isn't a short hiding under every bed. Trust me.
The stock went up 80% in a couple of days, a 20% pull-back is normal profit taking. It's actually below normal. Generally the pull-back would be 40-50%.
They claim a 28% profit margin with their proprietary process.
Well, they call it a "core margin", implying their profit margin is less.
Assuming your numbers are correct (which I'm not), what does that do to the Earnings Per Share?
It means exactly what it says, things are going to Hell in a hand-basket.
Which reminds me, it does seem to me you completely ignored the gist of their comment/question, which is why would a company with a low price per share issue a 3:1 split? Isn't their objective for the price to rise above $5 so they can get listed on an exchange and sit at the table with the big money?
The only reason for manipulating the stock to avoid a "high" price per share is to have "plausible deniability" when they are asked why they aren't meeting the reporting standards of a 'legitimate' exchange.
I don't think dodging the issue helps the company or the stock.
It is certainly the simplest explanation: Occam's Razor.
Nobody's launched an investigation yet. I think they would have by now if there was any obvious hanky-panky going on.
I find it interesting that FANCF has been controlling the ask most of the day, this is the first time I can recall seeing them actively make a market in this stock.
Uh, China and Japan have been mortal enemies for thousands of years...
...and now that the wind's shifted, I'm thinking it's more likely China will be screaming about the hot air than sending any care packages.
Now that I think about it, I vaguely recall some news items several years ago about the horrible discrimination the Chinese endure in Japan, and the Viet Namese...
I'm not expecting the "alabama deal" to come through. Rather, I think the Montana deal may have been instead.
However, I do think the Japan disaster will be bringing money into this company in the coming days and weeks.
That was a post well worth reading. Thank you.
Well, I really don't want to read all 35 pages. It's appears what they're doing is selling some (if not all) of the restricted shares that they can sell. There is a schedule and I drew up a spreadsheet on it (which I don't feel like looking at, much less studying at the moment) for the shares used for acquisitions.
What I don't get is how I didn't see that in my news. I probably still wouldn't know about it if someone hadn't seen it here - i didn't see it under news or filings on otc or anywhere else.
Off the top of my head, it seems we're talking about a 4-5 fold dilution - 3 blocks of 8M, and assorted other blocks - against a 6M float.
The good news is they won't be selling them for less the $3.50? Is that the long and short of it?
I'm totally confused.
Can someone explain to me in simple terms what's going on here?
How does this effect the current shares owned by the general public?
How can you IPO a company that's already a publicly traded company?
Is it time to do the break-out boogie yet? Or should I go back to sleep?
I just checked that trade and the ask was at 0.025.
Seems that just makes it more suspicious.
Appears someone hoped to start a run by spending $50 on 2000 shares @ $0.025 - at nearly double the ask.
Leggee doesn't appear to give a damn about patients, or whether or not they can afford medicine.
I will say that given the worldwide food shortages, the skyrocketing price of petroleum, and the situation in North Africa and The Middle East... the prospects of CPOW seem significantly better than they were a few months ago.
Thanks for bringing those articles to my attention.
Uh, I don't think the financials are gonna be pretty.
Now,CANA will probably have some pretty financials, but not CBIS.