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Looks like this hit .05 in Jan based on initial custodian application
Well, well, well. Look at what we have here.
Precisely.
Folks are simply following the crowd and not paying attention.
1. A significant number of shares will be returned after having satisfied outstanding notes.
2. If co. remains true to PR (and I see no reason why they wouldn't), with the share buy back, the number of tradable shares will be at most what they were when we broke .02 on the last run. Best case scenario will be a share count similar to this time last year. See chart to get a sense of where this can go.
EMA looks to have crossed .01. Not looking likely imho.
I don't think you understand how spreads work.
Please point me to the shell like xnnhq that you are referring to?
I will wager the float is 10x...
what's the catlyst on this? seen a lot of chatter.
which one?
I know SOLI was one. I watched that thing climb from .006s but was too distracted to react (...)
This makes absolutely no sense.
Are you buying at ask just to sell into bid?
Most people would look at the chart and see how it trades on catalyst.
You can't expect a shell to have a tight spread except it is a fatty. XNNHQ is probably trading <5M, with much of that being held at or above .02 (few of us from the .003s still have shares left). The sells you see here are folks getting impatient and dumping foolishly into the bid (which is where you will find folks like me happily buying for an instant 100% gain). ¯\_(?)_/¯
This looks to still be trading.
TBH, he's got so many of these excellent tickers, it's tough to say.
$XNNHQ has been a gift since the .003s and I can't wait to see where it ends up.
However, at .03, while it will likely be closer to .1 before there is a candidate announced, there are other Qs with similar share structure that may have a lower entry point.
Checkout $CERPQ, which has 24M OS. Folks are still ignorantly gifting shares in the low .01s.
$XNNHQ
Annual and Quarterlies dropped on otc (six total).
https://www.otcmarkets.com/stock/XNNHQ/disclosure
Quarterly and annual reports (6 total) dropped on otc:
https://www.otcmarkets.com/stock/XNNHQ/disclosure
company had 810,757,671 shares outstanding as of dec 2013.
They had a 1:50 RS effective feb 2014, which put the OS at 16,215,153.
If we are to assume the total number of shares in the float as of the RS was say 50-75% of OS, then we are looking at anywhere between 8-12M float.
But, IMHO, most of these were likely restricted and valued well beyond the current PPS to be of any real impact on the intra day price movement.
IMHO, based on the volume and price movement, compared with its peer shells, the effective float that's tradable is well below 5M.
A pink current status with the Q drop will put this between .05 - .1 or higher. If there is an announced change in custodian, indicating a target buyer, then we are in for some real major price movement.
Yes. This was quick. Looks like it's official now. We may have an RM candidate lined up.
I believe this is the way it is, but it oughtn't be that way.
Think of the ideal model for the flow of goods:
you have the manufacturer, the wholesaler, the retailer and the final consumer. At each stage there is a different flow rate, set of risks, and associated reward. Everyone gets something, everyone wins.
I see these sorts of plays as the closest to it. Those who bought CERPQ in the very low values will represent manufacturers who had to have held for a very long time at high risk since there was no guarantee of the shells fortunes changing.
Then you have the wholesalers who buy the initial custodian filings and reset the base price. Next the granting, then the filings, then current until final RM for the new company and ticker change. Everyone should profit if all goes well. Just the time scales and percentages may vary.
cxcq is not a Q technically.
The 'Q' is added to indicate a bankruptcy filing on the ticker.
CXCQ just happens to have a Q at the end.
Relax. Give it time.
It is actually in the best interest of the custodian to maintain a clean shell with as low and attractive an SS as possible as these attract better premium on the market.
See peers $XNNHQ and $CERPQ.
Qs are advantageous as they are candidates for RMs and you do not have to deal with dilution or manipulative CEOs.
No sense in paying .01 later when you can get them at this price. There are very few sellers in this range. Buys all through .01 will be a rewarding investment IMHO.
Picked up the teens while they lasted. Taking a few bites here and there.
I've learned to play the chart on this one.
I've been loading since the .007/8s.
Not taking some profits at +300% is just asking for it IMHO.
Some sells at ask along the way and buying back the dips is certainly okay.
LoL. Rather timely alert there, friend :)
I'm wondering what's up with the taps of late.
Like i said earlier, under .03 will be a thing of the past soon.
Funny thing .018 ask was ignored, but they will be bidding for .03s soon.
I prefer the word "trader". It seems more apt and respectable.
"Investors"?
Found one for Joe Arcaro
Oh, i did. Couldn't find any is why i asked.
TY.
are there boards dedicated to Arcaro and others?
It's either naked sells by MM (doubtful), or holdovers from .002-3s selling in chunks.
Precisely.
I can't take credit for this as I learned from a more experience trader.
Seeing the bottom line of such decisions helps to manage risk.
I think it is a normal reaction to bask in the euphoria of winning. It is similar to getting to the finish line and celebrating without actually crossing the line. Cross the line by locking in your profits people. It isn't real money until you close the position.
Another thing that helps is to realize that the extra profit you are thinking about is usually very small and has a high risk to reward given the current price. This 'delusion' happens because we often base our percentages on the initial position and not the current pps.
Practical example:
Person A opens a position in stock xyz at .01 pps.
Next day, xyz hits .2 pps.
Person A, on being promised the moon (say .5), decides not to close his position waiting for the moon landing.
This is a big mistake because Person A thinks of the move from .2 to .5 through the lens of .01 - .5 (which is a 50 bagger), but it is actually a move from .2 to .5 (which is just a 1.5 bagger). Seeing it this way helps put things in perspective. Why risk a 20 bagger for a chance at an extra 1.5?
With that being said, take profits responsibly by placing your sells on ask!
I honestly hope it works out for those in this stock.
But an A/S increase with a 2000:1 R/S (and this is precisely what I see happening) will make current shares beyond worthless IMHO.
Not at all.
Quick flippers taking their profits.
These sub .03 buys are a gift for anyone looking for entry. They will be a thing of the past very very soon.
It's about to get real on this one.
Agreed.
I've been picking up everything I can under a penny. Currently avg .01 and still loading.
Yes. This, for whatever reason, is largely under the radar given the SS. Still seeing offers under a penny. We will see .05,.1+ in short order.
Can you share some background on this ticker?