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I understand the risk of an R/S in terms of losing more value of your shares. However, my post was to clarify what an R/S actually is. Based on the 1:200, each share will be worth .08-.10 after the R/S. The value of your decreased share count remains the same. You just have less shares at a higher cost per share allowing for a greater loss. Just trying to keep the facts straight.
Why would he stop trading? He is right. A reverse split is a reduction in the number of a company's traded shares that results in an increase in the par value or earnings per share.
Typically R/S are negative. However, in this situation, DIRV is basically a new company since April due to all these changes and acquisitions. This will lower the share count and create a lower float. I personally am willing to wait it out. The acquisitions are revenue generating and we will shortly see the earnings come out.
So you are complaining about $165? The 10-Q will be released shortly. The most common delay in releasing earning is due to acquisitions and mergers. DIRV had 2 acquisitions in late April. I don't doubt a spike once the earnings are released.
Raleigh willing to invest $362 million in 5G. Great news!
http://www.wral.com/5g-wireless-could-help-nc-make-leap-from-smart-phones-to-smart-cities/16705572
It seems everyone is waiting for the earnings to come out.
A CIVIL - WRIT OF BODILY ATTACHMENT is usually an arrest warrant for failing to pay something such as alimony. It was a civil arrest, not criminal.
Good to have you back StockRocket.
Are you for DIRV again?
L2 is so thin right now. This could jump past .03 at any point.
I agree. The interview had good information and they are a real company serving large enterprise organizations. As of April, this really is a new company looking forward to long term growth. People need to stop with their bashing when a stock isn't a get rich quick scheme.
Do I sense sarcasm?
Anyone else see that 1.6M buy right at close?
DR, what option did you choose under manipulation for the SEC report?
This is complete BS. This should not be trading this low.
Crazy how thin L2 is. Less than 300k shares at .018 would bring this way up. Low volume is keeping this down.
Wasn't trying to bash. I just saw that based on the charts. I got filled at .001.
What did I tell you HokieHead? I said it would drop to between .0008 and .001 in the morning.
I think the PPS is going to heavily rely on more news to keep the volume and price up. News today was good, but I don't think it was good enough, especially without more details. We still have talks about whether there will or won't be a RS. That is still up in the air and has not yet been confirmed to not happen. Hoping we get more clarity in that department.
HokieHead, just based on the chart I can see a possible pullback between .0008 - .001 but not much lower than that. Then if we can keep up the volume we should see another leg up.
It might continue the run tomorrow, though I feel a large sell of first thing in the morning. JMO.
That your 30/30/40?
That is true unless it is a wire transfer. There is no settlement date for wire transfers.
So pissed I missed out on that dip! Even my wire transfer isn't fast enough!!!
Please stay low for now! Waiting for my wire transfer to go through for some cheapies!!! Go INMG!
How I wish I had more money to rake up all this gift shares! Anyone who gets the opportunity to buy shares right now is a lucky dog!
Back up it goes. INMG is to solid to take down by MM. Hold your ground longs.
I know what you mean. I have about 3k invested in another OTC stock that is now at .0001. Luckily my average is .0002 but just hoping that makes some moves. INMG has helped soothe that ache.
Wish I had more powder to add to this. Luckly I was able to get 420k shares at .0075.
I live about 40 minutes from the office. I will try and stop by their address sometime this week and find out for myself.
If you are waiting for under .01, you might as well leave now.
Same here. I am in with about 15M shares. I don't even check this board often. This will move sooner or later. I have other plays making money while ICNM does what it needs to do to succeed.
Bulls are totally in control. We had a red 60% loss day on Monday from .0115 to .007 at close. We all know what the next 2 days looked like. 115% and 76% gain days. This just healthy consolidation. Just hit the ask and hold.
Ah, yea I don't have L2. Is there anywhere to see the L2 for free?
How can we see if the top bid is is ASCM?
StockRocket, do you have a twitter that I can follow?
Unless the server that is hosting the website had some sort of update, a local computer update wouldn't cause this problem.