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Runner, you know because of FINRA that it is FACT that MORE THAN 50% of the shares traded in 2010 were SHORTED....
So i mean thats a pretty damn good indication as to why its going down.
They only have 700M authorized shares remaining since Oct 2009.
At .0015, 700M shares is worth just over $1 million. That's all. Not enough to do a damn thing. I think your theory is incorrect, though your opinion is welcomed.
oh best of luck to you as well. .05 could definitely be the bottom for another technical run. GLTU for sure brother, I wish you the best with this stock!
You think I'm trying to beat the PPS down?
A message board can't beat down a PPS. A stock can beat down its own PPS with the filings.
I argue with bundles because he NEVER....EVER....EVER says ANYTHING about the company. All he says is how we are bashers and idiots and are completely stupid and know nothing about what we are talking about.
Neither would I. But I wouldn't jump into a Pink for a technical play either if I knew that they were in the middle of diluting HARD
Yes, well bundles has been saying that this stock is going to go "To da moon".
Why would you say my facts about the SEC filings are drivel?
Technically, it could be due for a move soon but not fundamentally, which means it will fall again.
But, how is it drivel? It's just a simple question.
I just want to know why he thinks the stock is a good stock if the outstanding share count was doubled in the last two months, and when fully diluted, it is at 6.421 Billion shares.
Can you answer, on why he thinks its a good stock? Or why you think its a good stock? Just based on those reasons. I am not offering any opinion of my own, just facts from the SEC filings.
its a lot of shorting, really. not dilution. any dilution is minimal and not the cause of this fall imo
WOW so much for a reversal today =(
Oh. That link has been there since the PR.... nice find regardless though old news
uh....link?
Bundles,
Why do you think that this is going to be a good stock, if SEC fillings say there are over 750M outstanding shares, and 6.421 BILLION outstanding shares once fully diluted?
Oh, great news! be nice of him to post here
LOL so much for all those people who were like "we are ready with 50 grand to slap that ask!!!!"
If the email at the beginning of May was really from IDCN, then it said they would be out in a "few" weeks. A few is 3 so that means next week.
Smitter, have you seen some of the language in the 10Q? I was just reading it...
6,421,100,000 fully diluted shares!! AND language that gives them the ability to SHORT their own stock!!! I don't remember that in the last financing from 2009! YIKES!!!
Page 1: "As of May 13, 2010 the registrant had 754,220,449 shares of common stock outstanding."
Page 38: "At March 31, 2010, we had 364.8 million shares of common stock outstanding and 6,421.1 million shares reserved for the conversion of our outstanding convertible preferred stock, convertible notes, warrants, the issuance and vesting of outstanding restricted stock units and shares issuable upon the exercise of purchase rights of our noteholders. Future sales of shares of our common stock by existing stockholders, holders of preferred stock who might convert such preferred stock into common stock, holders of convertible notes who might convert such convertible notes into common stock and option and warrant holders who may exercise their options and warrants to purchase common stock also could adversely affect the market price of our common stock. Moreover, the perception that sales of substantial amounts of our common stock might occur could adversely affect the market price of our common stock.
As our convertible noteholders convert their notes and warrants into shares of our common stock, our stockholders will be diluted.
The conversion of some or all of our notes and warrants dilutes the ownership interests of existing stockholders. Any sales in the public market of the common stock issuable upon conversion of the notes could adversely affect prevailing market prices of our common stock. In addition, the existence of the notes may encourage short selling by market participants because the conversion of the notes could depress the price of our common stock.
If there is significant downward pressure on the price of our common stock, it may encourage holders of notes or others to sell shares by means of short sales to the extent permitted under the U.S. securities laws. Short sales involve the sale by a holder of notes, usually with a future delivery date, of common stock the seller does not own. Covered short sales are sales made in an amount not greater than the number of shares subject to the short seller’s right to acquire common stock, such as upon conversion of notes. A holder of notes may close out any covered short position by converting its notes or purchasing shares in the open market. In determining the source of shares to close out the covered short position, a holder of notes will likely consider, among other things, the price of common stock available for purchase in the open market as compared to the conversion price of the notes. The existence of a significant number of short sales generally causes the price of common stock to decline, in part because it indicates that a number of market participants are taking a position that will be profitable only if the price of the common stock declines."
very nice!!!
next level 0021? does that mean you're buying in again AFTER the price passes .0018?
13.6 Million shares at $0.025 premarket YUCK
It is impossible for the company to have diluted anymore than 700M shares since October 2009, due to authorized share count.
So you may be right about dilution, but "massive"? certainly you are wrong about that.
And oil revenue by sometime in July!
excited for the morning...got a lot of errands to run before 9:30 at market open but I will be ready to watch for sure!! wouldn't miss this, tomorrow is an important day for IDCN
yes, cause that was up til yesterdays close
just under 40 Million Short today
Can't wait to watch when I get home...thanks Clay!!!
by the end of month...by june 4th IMO
I do agree.... Interesting that it held .05
More Buys than Sells+Dragonfly Doji + NO T-TRADES!!!
After 15 minutes... NO T-TRADES YET!
16 Market Makers.
It doesn't have to be, but it could be, the company said in the 4/21 that they may dilute a bit to pay for the awareness campaign.
even if it is, its not much, they have less than 700M remaining authorized as of October 2009. If it is dilution it's next to meaningless!
Or, if nothing else, ALREADY KNOWN ABOUT FOR A MONTH!!!
The company informed us of the potential dilution.
EVERYONE DON'T CLOSE LEVEL II - WATCH FOR T-TRADES
.0013 nice close. dragonfly doji yay
i have been the first person everytime to scream "dilution in the billions is stupid" you don't need to tell me brotha, i'm with you.
that's my point exactly.... if they are doing any dilution, which, they said in a PR that they were going to possibly dilute to pay for the awareness campaign...then the dilution is minimal. it's my whole point.
Why would you think that there is 100% no dilution when they said that they would possibly dilute to pay for some of the awareness campaign?
Of course. One thing I did notice was that FINRA's data does not include T-trades after hours. That's fine though, we know most of those 9 mil blocks are dilution. i'd love to get a count of those but i dunno where to find that info.
IDCN SHORT DATA FOR 2010: 5,485,056,965 SHARES SHORT
Just spent an hour making this with data from http://regsho.finra.org/regsho-Index.html
This is for all data from 1/4/2010 until now
Share Volume: 10,790,604,637
Short Volume: 5,485,056,965
Percent Short: 50.83%
Average Open 0.0014
Average High 0.0015
Average Low 0.0012
Average Close 0.0014
Date Short Volume Share Volume Short (%) PPS Gain (%) Open High Low Close Gain ($) EVENT
5/17/2010 117,263,840 310,439,145 37.77% -7.14% 0.0018 0.0018 0.0011 0.0013 -0.0001 Africa PR
5/14/2010 48,613,120 89,782,512 54.15% -6.67% 0.0013 0.0015 0.0012 0.0014 -0.0001 N/A
5/13/2010 44,136,618 80,885,643 54.57% 0.00% 0.0015 0.0016 0.0013 0.0015 0.0000 N/A
5/12/2010 34,546,806 48,255,027 71.59% -16.67% 0.0018 0.0018 0.0014 0.0015 -0.0003 N/A
5/11/2010 17,653,691 37,004,063 47.71% 0.00% 0.0018 0.0018 0.0014 0.0018 0.0000 N/A
5/10/2010 51,603,701 72,702,164 70.98% 0.00% 0.0018 0.0019 0.0016 0.0018 0.0000 N/A
5/7/2010 62,808,357 93,194,649 67.39% 20.00% 0.0016 0.0018 0.0014 0.0018 0.0003 N/A
5/6/2010 74,655,929 116,389,997 64.14% 15.38% 0.0013 0.0016 0.0012 0.0015 0.0002 N/A
5/5/2010 17,382,398 42,930,266 40.49% -18.75% 0.0014 0.0016 0.0012 0.0013 -0.0003 N/A
5/4/2010 11,984,230 24,511,130 48.89% 6.67% 0.0014 0.0016 0.0014 0.0016 0.0001 N/A
5/3/2010 30,609,366 60,302,261 50.76% -11.76% 0.0016 0.0017 0.0014 0.0015 -0.0002 N/A
4/30/2010 41,894,317 83,522,539 50.16% 0.00% 0.0016 0.0019 0.0014 0.0017 0.0000 N/A
4/29/2010 30,713,676 71,774,557 42.79% 0.00% 0.0016 0.0018 0.0015 0.0017 0.0000 Gold Update
4/28/2010 44,313,105 63,256,080 70.05% -10.53% 0.0020 0.0020 0.0017 0.0017 -0.0002 N/A
4/27/2010 27,932,023 38,222,722 73.08% 0.00% 0.0018 0.0021 0.0018 0.0019 0.0000 N/A
4/26/2010 25,430,184 55,440,305 45.87% -13.64% 0.0021 0.0022 0.0018 0.0019 -0.0003 N/A
4/23/2010 8,389,255 20,923,813 40.09% 0.00% 0.0022 0.0023 0.0020 0.0022 0.0000 N/A
4/22/2010 14,441,607 25,391,908 56.87% 0.00% 0.0021 0.0023 0.0015 0.0022 0.0000 N/A
4/21/2010 64,257,429 106,459,009 60.36% 10.00% 0.0020 0.0022 0.0018 0.0022 0.0002 Awareness PR
20100420 53,379,680 76,744,883 69.55% 0.00% 0.0019 0.0020 0.0017 0.0020 0.0000 N/A
20100419 34,417,113 60,998,438 56.42% -4.76% 0.0018 0.0021 0.0018 0.0020 -0.0001 N/A
4/16/2010 57,531,085 120,085,922 47.91% -8.70% 0.0023 0.0023 0.0018 0.0021 -0.0002 N/A
4/15/2010 38,358,122 60,955,380 62.93% -8.00% 0.0024 0.0025 0.0022 0.0023 -0.0002 N/A
4/14/2010 27,545,475 87,240,024 31.57% -3.85% 0.0025 0.0026 0.0022 0.0025 -0.0001 N/A
4/13/2010 40,599,566 93,115,403 43.60% -13.33% 0.0030 0.0030 0.0022 0.0026 -0.0004 N/A
4/12/2010 107,886,866 200,202,916 53.89% 11.11% 0.0028 0.0031 0.0027 0.0030 0.0003 .0031 New High
4/9/2010 79,566,893 171,167,596 46.48% 0.00% 0.0026 0.0029 0.0024 0.0027 0.0000 N/A
4/8/2010 151,051,509 329,615,635 45.83% 28.57% 0.0021 0.0030 0.0019 0.0027 0.0006 N/A
4/7/2010 69,425,938 93,969,802 73.88% -4.55% 0.0021 0.0023 0.0018 0.0021 -0.0001 N/A
4/6/2010 73,800,753 86,011,718 85.80% -4.35% 0.0022 0.0023 0.0020 0.0022 -0.0001 N/A
4/5/2010 42,834,992 82,075,585 52.19% 0.00% 0.0023 0.0023 0.0019 0.0023 0.0000 N/A
4/1/2010 93,793,523 152,744,103 61.41% 21.05% 0.0019 0.0023 0.0018 0.0023 0.0004 N/A
3/31/2010 16,843,775 38,952,895 43.24% 0.00% 0.0018 0.0019 0.0017 0.0019 0.0000 N/A
3/30/2010 83,202,222 112,955,319 73.66% 11.76% 0.0017 0.0020 0.0015 0.0019 0.0002 N/A
3/29/2010 49,640,656 125,006,821 39.71% 6.25% 0.0017 0.0018 0.0014 0.0017 0.0001 N/A
20100326 4,897,275 28,321,927 17.29% -11.11% 0.0016 0.0018 0.0016 0.0016 -0.0002 N/A
20100325 11,551,333 34,259,188 33.72% -5.26% 0.0018 0.0019 0.0016 0.0018 -0.0001 N/A
3/24/2010 29,202,748 72,578,849 40.24% 0.00% 0.0018 0.0020 0.0017 0.0019 0.0000 N/A
3/23/2010 100,543,144 143,986,934 69.83% 26.67% 0.0014 0.0019 0.0013 0.0019 0.0004 N/A
3/22/2010 88,215,060 188,062,838 46.91% -11.76% 0.0017 0.0018 0.0012 0.0015 -0.0002 N/A
3/19/2010 26,967,536 50,763,311 53.12% -10.53% 0.0019 0.0020 0.0017 0.0017 -0.0002 N/A
3/18/2010 61,589,378 116,859,062 52.70% -17.39% 0.0021 0.0022 0.0017 0.0019 -0.0004 Sampling PR
3/17/2010 44,897,107 114,828,003 39.10% 9.52% 0.0021 0.0023 0.0020 0.0023 0.0002 N/A
3/16/2010 94,571,540 172,909,420 54.69% 10.53% 0.0018 0.0021 0.0016 0.0021 0.0002 N/A
3/15/2010 29,901,736 110,592,863 27.04% -13.64% 0.0021 0.0022 0.0018 0.0019 -0.0003 N/A
3/12/2010 103,867,296 207,367,671 50.09% 10.00% 0.0022 0.0023 0.0020 0.0022 0.0002 N/A
3/11/2010 82,985,073 144,429,174 57.46% -4.76% 0.0020 0.0021 0.0017 0.0020 -0.0001 N/A
3/10/2010 157,220,444 295,600,180 53.19% -4.55% 0.0021 0.0022 0.0016 0.0021 -0.0001 Investor Soup
3/9/2010 158,157,681 540,773,528 29.25% -15.38% 0.0026 0.0028 0.0020 0.0022 -0.0004 N/A
3/8/2010 314,981,115 886,705,213 35.52% 52.94% 0.0017 0.0026 0.0016 0.0026 0.0009 N/A
3/5/2010 175,824,903 377,968,327 46.52% 30.77% 0.0013 0.0017 0.0012 0.0017 0.0004 N/A
3/4/2010 102,264,426 184,267,648 55.50% 0.00% 0.0014 0.0014 0.0012 0.0013 0.0000 N/A
3/3/2010 321,787,543 529,504,677 60.77% -13.33% 0.0016 0.0018 0.0012 0.0013 -0.0002 N/A
3/2/2010 253,860,426 367,109,129 69.15% 66.67% 0.0010 0.0015 0.0008 0.0015 0.0006 N/A
3/1/2010 39,810,681 77,779,762 51.18% 0.00% 0.0009 0.0011 0.0008 0.0009 0.0000 N/A
2/26/2010 30,445,966 153,365,741 19.85% -10.00% 0.0010 0.0010 0.0008 0.0009 -0.0001 N/A
2/25/2010 19,642,820 68,044,212 28.87% -16.67% 0.0011 0.0011 0.0009 0.0010 -0.0002 N/A
2/24/2010 63,146,995 127,289,720 49.61% -7.69% 0.0012 0.0012 0.0009 0.0012 -0.0001 StockProfile PR
2/23/2010 77,878,479 193,818,270 40.18% -7.14% 0.0015 0.0015 0.0011 0.0013 -0.0001 Ontario Filing PR
2/22/2010 150,681,993 231,616,974 65.06% 7.69% 0.0013 0.0015 0.0012 0.0014 0.0001 N/A
2/19/2010 81,639,188 124,437,118 65.61% 0.00% 0.0013 0.0013 0.0010 0.0013 0.0000 N/A
2/18/2010 101,353,952 187,595,366 54.03% 8.33% 0.0012 0.0013 0.0008 0.0013 0.0001 N/A
2/17/2010 111,461,226 223,898,609 49.78% -14.29% 0.0014 0.0015 0.0011 0.0012 -0.0002 N/A
2/16/2010 89,071,547 110,237,987 80.80% 16.67% 0.0011 0.0014 0.0011 0.0014 0.0002 N/A
2/12/2010 54,386,354 87,697,950 62.02% 9.09% 0.0012 0.0012 0.0010 0.0012 0.0001 N/A
2/11/2010 43,996,984 116,144,027 37.88% 22.22% 0.0010 0.0012 0.0009 0.0011 0.0002 N/A
2/10/2010 11,246,250 30,404,217 36.99% 12.50% 0.0007 0.0010 0.0007 0.0009 0.0001 N/A
2/9/2010 32,837,431 67,772,881 48.45% -20.00% 0.0009 0.0010 0.0006 0.0008 -0.0002 N/A
2/8/2010 156,464,439 227,319,478 68.83% 25.00% 0.0008 0.0011 0.0008 0.0010 0.0002 N/A
2/5/2010 136,421,775 182,789,250 74.63% 60.00% 0.0005 0.0008 0.0005 0.0008 0.0003 N/A
2/4/2010 8,125,500 13,981,000 58.12% -16.67% 0.0006 0.0006 0.0005 0.0005 -0.0001 N/A
2/3/2010 9,745,000 21,025,500 46.35% 20.00% 0.0005 0.0006 0.0005 0.0006 0.0001 N/A
2/2/2010 2,750,000 2,857,143 96.25% 0.00% 0.0004 0.0005 0.0004 0.0005 0.0000 N/A
2/1/2010 6,436,500 8,000,000 80.46% 0.00% 0.0004 0.0005 0.0004 0.0005 0.0000 N/A
1/29/2010 7,000,000 7,712,300 90.76% 0.00% 0.0005 0.0005 0.0003 0.0005 0.0000 N/A
1/28/2010 958,425 958,425 100.00% 25.00% 0.0005 0.0005 0.0005 0.0005 0.0001 N/A
1/27/2010 1,472,500 4,514,075 32.62% -20.00% 0.0004 0.0004 0.0004 0.0004 -0.0001 N/A
1/26/2010 360,000 17,968,961 2.00% 0.00% 0.0003 0.0005 0.0003 0.0005 0.0000 N/A
1/25/2010 290,000 8,087,246 3.59% 0.00% 0.0004 0.0005 0.0003 0.0005 0.0000 N/A
1/22/2010 1,360,000 1,601,000 84.95% 25.00% 0.0004 0.0005 0.0004 0.0005 0.0001 N/A
1/21/2010 6,266,000 11,147,700 56.21% 0.00% 0.0005 0.0005 0.0004 0.0004 0.0000 N/A
1/20/2010 18,413,500 34,727,500 53.02% -33.33% 0.0005 0.0005 0.0004 0.0004 -0.0002 N/A
1/19/2010 13,180,831 32,616,031 40.41% 0.00% 0.0005 0.0006 0.0004 0.0006 0.0000 N/A
1/15/2010 16,525,546 26,457,453 62.46% 50.00% 0.0006 0.0006 0.0005 0.0006 0.0002 N/A
1/14/2010 2,000,000 6,715,000 29.78% -20.00% 0.0005 0.0005 0.0004 0.0004 -0.0001 N/A
1/13/2010 13,930,000 20,155,000 69.11% 0.00% 0.0005 0.0006 0.0004 0.0005 0.0000 N/A
1/12/2010 23,940,754 78,651,015 30.44% -37.50% 0.0008 0.0008 0.0005 0.0005 -0.0003 N/A
1/11/2010 36,658,332 133,508,995 27.46% 33.33% 0.0006 0.0009 0.0004 0.0008 0.0002 Letter of Intent PR
1/8/2010 86,465,170 119,365,559 72.44% 50.00% 0.0005 0.0006 0.0005 0.0006 0.0002 N/A
1/7/2010 15,764,243 39,505,000 39.90% -20.00% 0.0004 0.0005 0.0004 0.0004 -0.0001 N/A
1/6/2010 51,250,000 62,350,000 82.20% 66.67% 0.0003 0.0005 0.0003 0.0005 0.0002 N/A
1/5/2010 8,300,000 25,300,000 32.81% 0.00% 0.0002 0.0003 0.0002 0.0003 0.0000 N/A
1/4/2010 1,585,000 3,070,000 51.63% 0.00% 0.0002 0.0003 0.0002 0.0003 0.0000 N/A
I agree completely.