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Rocketstocks: What he essentially said originally was the worst that could happen was it went to 0 - To me that means company gone, history, out of business, nothing left of any investment.
Sure, a company can rs over and over and over as long as they can get anyone to buy any shares.
Rocketstocks: Umm, what's lower than 0 (zero) in price?
niz: I agree, with both your posts. Most importantly, the new guys have to make French disappear, or at least turn him into a eunuch (or both)...
niz: Looks like at least one person thinks this quarter's numbers are going to suck. Sales at Bid, bid at .165...
If you go to pinksheets.com and get quotes for CKYS, and then click on the Company Info tab, you'll find this entry about halfway down the page:
Primary State of Incorporation: Nevada
RedCloudPaint: The fact that they are located in Utah does not mean they're incorporated there. You can incorporate in Nevada regardless of where your company resides.
Two words: F'ing wow...
Now 3 trades, with bid down to .161 (still too high)...
faster: Don't forget good ol' Tech2005 or whatever year, who kept insisting that the market cap was was squeezed, and had nowhere to go but to the moon.
There were some real characters on that board...
niz: Personally, I doubt they'll ever make a profit. Back when they were taking in twice the revenue, they were still losing money all the time.
Wow - somebody just sprung for 400 shares at .21...
niz: There was the PR about 2.6M in new contracts they put out July 18th, and the one about 400K in new contracts secured by the company they just bought put out on July 25th. Money from those contracts should have started coming in this quarter.
Of course, 3M in new contracts isn't going to diddly squat for this company, particularly since it's probably spread over 6 to 9 months.
niz: Phew... Your conversation from yesterday had me worried.
Yeah. Stinkpath's action has really been rocking. Probably will see zero trades again today.
niz: Well, at least you have some company. Unfortunately, that stock is taking a big hit today.
Hope you aren't getting hurt too bad...
500,000 now on Bid at .30...
joeiniowa: Somebody was able to sell them very big blocks quickly.
Under the right circumstances, they'll be able to sell. But that usually will mean on strong volume up...
Real nice action now.
Still seem to be a fair amount of people willing to buy at .25.
Cash and receivables are considered assets. According to what angelhillcorp was told, it looks like TCLL basically bought the people.
I hope that there was enough cash and receivables to cover the liabilities, including the debt to TCLL. That's alot of potential income to disapear from the books, otherwise.
Thanks for sharing that info. I do find two things very interesting, but not in a positive way:
1. How can they just now be in the process of auditing a company that they've already purchased? I've never heard of purchasing a company and then auditing their books.
2. No assets? That is a bit bizarre, at least in my opinion. You'd think a company that is doing as much business as they supposedly have been doing would have a large inventory on hand.
The operations from the takeover date to the end of the year.
The profits/revenues/whatever else that a company earns from before it is taken over are not part of the numbers for the company that buys them.
All TCLL can count from here is anything that happens after the date the takeover became official.
Between us, we accounted for 175,000 shares today.
I also sold 525,000 yesterday at .27.
Good luck, guys. I'm out. Took a 4K loss. I'll start thinking about nibbling again at .20 and lower.
Nice recovery from .23. I for one hope it continues to recover...
Oops...
The only good news about the 120M .20 warrants is that if the stock price stays a few pennies above .20 until they all get converted, TCLL will get 20M cash out of them...
A 1 for 8 split won't get us onto the naz. Getting on the AMEX is a piece of cake, but the AMEX is just a slight upgrade from OTCBB, and you can't get L2 quotes for stocks handled by a specialist.
As for the 120M warrants at .20, yes, that is way out of line. Can't really compute how the other warrants will affect us, as when you add all the shares that are going to flood the float over the next couple of years, it will carve the earnings up to smaller and smaller eps values, which will allow even more shares to flood in.
Oh boy...
I find the SEC docs page at Naz website provides much better access to everything all wrapped up into single documents in 5 different formats:
http://www.nasdaq.com/asp/quotes_sec.asp?mode=&kind=&timeframe=&intraday=&charttype=...
I'm not sure you can use the figures you are using. I think we need to see the 8K to have a better idea.
One problem with your figures is that you are assuming that the 70% of the 210 million shares will be repurchased for 24M. I'm not sure that's exactly how to read that. The statement is 70% of the operating income for one year to buy up to 120M shares. How much are the shares being bought at? At 24M maximum, it implies that TCLL will be buying those shares back at .20 each. I seriously doubt that is the price they will be paying.
I think we need a bit more detail. Hopefully we get it in the 8K.
niz: You are getting to be even better than redd_dawg/skruggs at his best. I'm proud of you.
niz: Yeah, somebody wanted out today in a big way...
Action much better today. Virtually all trades after early morning were at the Ask. Somebody did drop the ask down to .275 near the end, but that got taken out quickly, and quite a few went off at .285 to end the day, including a 10K block as the last trade.
Still down, but actually have some of my 150K shares in the green now. Hopefully we see a continuation of this next week...
That would be a very good start. I did notice that they are lax in updating and posting info on their website, which is really unforgivable...
I agree that more exposure would be good, depending on how it is done. I'd really not want to see them start paying the myriad of companies that provide paid promotional BS. Nor would I like them showing up on paid promotional interviews.
And I just realized that it would be odd for them to put out mid-quarter reviews because they always announce earnings at mid-quarter. And they sort of gave a mid-quarter review for the next 2 quarters in that PR.
I have no easy answer for what they can do. I just know what I don't want them to do.
And, in the end, if they continue to produce as they have over the last 2 quarters, the frustration will end at some point.
BIGJOHN51/barryinla: What would you guys expect they could announce in a PR just days after the earnings news?
I'm as frustrated as anyone, and at a total loss when it comes to trying to understand what is happening, but I'm also at a total loss in trying to understand what TCLL can come out and say now that they didn't say on Monday.
Yes, they could do a better job of putting out 'news' on a timely basis, such as mid-quarter updates, but what are they supposed to put out now?
I thought we didn't have to worry about it after the earnings came out. Still wasn't worried about it, until today.
I'm still a buyer, but now I'll be waiting to buy at .19 to .21...
Nice. Only down 4,229.98 on the day on my 150K shares...
My bid has been filled. Now the Bid is at .26.
Not liking that at all...
Someone sold me another 2K at .271. Still looking for 5950 to fill my 10K order...
As long as this company continues to be an OTC BB stock, fluff PRs will be meaningless to OTC BB players.
Companies on the big boards, that actually have analysts that follow them, give estimates for them, are a far cry from what goes on down here...