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We need the 8k!!! Could come at any moment...
It should pop up here when it is filed:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001431837&owner=exclude&count=40
As far as I know, and I may be wrong about this, but the 8k must come within 4 days of PR announcing a merger.
Anyone basing their investment decisions on the date a member joined a message board is bound to lose a lot of money.
The date I discovered ihub has no bearing on my opinion, and shouldn't sway anyone else's. I am not encouraging anybody to call Heskett, simply read the SEC filings released on 10/28, it is all laid out there.
My DD is based in the SEC filings that came out on 10/28, not on what other posters say they heard over the phone.
I don't need to call them, I have no interest in bothering them. Every time a poster from here calls and bugs them wastes more and more of their time. I want the 8k released, and I will let them work.
Your words, not mine. You are full of it.
dmphoto Share Friday, December 03, 2010 12:19:06 PM
Re: None Post # of 14830
Regarding my last post yesterday. I called the law firm that is on the edgar filling. I spoke with Judy, she stated she was getting many phone calls regarding the phone message. She said they have not clue why or how that message was filling. i ask to speak to someone, she said they were all on the phone. I did not sell, or try to make anyone panic. If you look at my post i'm very pro locn. I was just passing on information was told. this was not a claim, it was just "Judy" at the law firm telling me the issue. Sorry...i guess i'll keep those thing silent next time?
dmphoto
Share
Thursday, December 02, 2010 11:51:15 AM
Re: None Post # of 14802
Attention
I just spoke with Judy at the law firm. Issuer’s telephone number: (918)-336-1773.
"The phone system has been hacked....Not theirs...they don't know whats going on. Trying to get it it changed and get us updated. everyone who could talk on the matter was on the phone"
my last post.......i hope she's wrong
.115 and we are GREEN PEOPLE!! Anyone claiming this is a pump and dump is obviously NOT looking at the chart!!!
I agree, and I am holding!
Regardless of those happenings, the filings on 10/28 still stand, there is still an impending reverse merger coming. However I do see your point, and it does seem that someone is taking advantage of the unique position this stock is in to flip a quick buck. It doesn't change the fact that this company will be merging with a company intending to go public via reverse merger.
Your wording was incredibly poor, and your explanation today does not match your post yesterday. I am not sure of your motives but I don't believe they are aligned with mine, or most of the LOCN shareholders on this board.
Yesterday you said the phone system was hacked, today you say she didn't have any reason as to why the message was there. Somewhere you are lying, and your credibility is suffering hugely because of your lies.
Why would you say the phone system is hacked if that is not what they told you?
Your opinions are greatly appreciated. Anyone buying large blocks at .26 has some serious confidence in this stock and I wouldn't count on them to dump their shares irrationally or any time soon, they are waiting for an event, and they will wait as long as they need, I wouldn't worry about them too much.
The last run wasn't hard because it was a sketchy rumor based on speculation about a voicemail. The first run was incredible because it was based on actual SEC documents, much more concrete. I actually think the last run was huge considering the evidence provided, and it just goes to show how insane this thing moves with just speculation, let alone news.
As far as I know, there is one other stock that you are referring to, and it is on the grey sheets. IMO, any company worth upwards of a few million dollars will be much more inclined to RM with LOCN than with a grey sheet stock.
Could today be the day?? .0004 up!!!
I'm not disagreeing with the downtrend. However, I don't consider the phone message rumor to be a "pump" at all. There was speculation, it was a rumor, the stock was hyped. No one pumped this stock, ever.
Regardless of how low this stock goes, a strong majority of the float is locked up by hands waiting for the 8k filing, and we are not selling until it comes out. When it does, we have the float so tight that the PPS is going to the moon. This stock is a rare circumstance.
Also, I don't believe anyone should bank on Ambit being the RM candidate. It could very likely be a different company, it could also be Ambit. Regardless, it will be SOMEONE, and that is the most important part.
No, the effect will be minimal. Hands here are too strong, no one is doubting what they hold. People are waiting for the 8k and we don't suffer from short attention spans. The proof is in the filings that came out on 10/28.
Anyone saying this stock will make drastic drops is trying to scare you out of your shares. Look at the chart for the last month if you don't believe me.
Wow, you are way off base.
First of all, you weren't here "the whole time" if you jumped in during the voice mail box hype. I've been here for a month and I haven't been here "the whole time."
Second, if people are too impatient because the 8k filing doesn't happen within a day or two from when you bought, goodbye. I have no love lost for you, as I have been waiting weeks, and will continue waiting weeks more. The official time limit is 1 year, and although I believe it will come well before that, there is no reason to not wait a little longer than a few days.
Third, there is NO PUMP AND DUMP on this stock. There has been 0 PR pumping this stock, and 0 dilution of the stock, even when it hit its high of .31 and an increase of over 50,000% of its price a few days before that. Anyone thinking this stock is a pump and dump has a ton to learn about OTC and pink stocks. So, no it is NOT "very obvious," in fact its the OPPOSITE, if you read the filings, that there is something REAL going on here, and there is NO PUMP AND DUMP.
Finally, there is no way this stock will reach .06 today. It just is not happening. There were way too many strong hands in this stock before the voice mail box rumor started, and I guarantee you they are ALL STILL HERE. Why? Because we are all waiting for the 8k filing, and although some of us may have sold some shares for a profit when the rumor made this thing jump, we all realize the incredible potential when the REAL news hits. The MMs will try to walk it down as low as possible to try to squeeze as many weak hands out as they can, but they don't have enough of the float to make any drastic drops as you suggest.
/rant
I said it took weeks last time, and I don't think it will happen overnight here, will take at least a week or so.
Just my opinion, you are welcome to yours as well.
I doubt it will drop that drastically. It took weeks for it to get that low last month. Lots of strong hands here, MMs try to shake us but all they can do is slowly walk the PPS down as we pepper them with buy orders along the way.
You have a strong position if you hold for the 8k filings.
Evidence? Didn't think so.
IMO this stock performs better with a morning dip.
No worries here, just more opportunities to keep adding and averaging down. The 8k will come eventually, and when it does this thing is going to be a rocket!
It took 3 weeks for this stock to slowly walk down from the high teens to about .04-05. Lots of strong hands here wating patiently. Float is so tight!!
GM all, could today be THE day?? I can only hope!!
I appreciate your opinion, but I'm not in the same position as you are. If I were a day trader, or if I made my living on the market, I would probably trade in a sense which you describe.
However, I have a day job, and I cannot devote my undivided attention to stocks all day. I believe that I have found a great investment in LOCN, and that when the event occurs I will see a large return on said investment.
Maybe one day I can quit my day job and jump from stock to stock, but for now I'm looking at picking an investment, being confident with my decision, and seeing it through to the end. For that scenario, I believe LOCN is a great opportunity.
As a final note, you can't have a guarantee on profits on ANY stock. For a number of reasons I believe LOCN is a safe play, and I do not believe there will be much, if any, dilution after the merger. This stock already ran over 50,000% gains and there was no dilution during that event.
Not the worst day I've ever seen, got interesting in the middle there with some panic fire sales but we are perservering as always!
I really need to get back to work, I've been slacking off far too much today and I got some catching up to do. Catch you fine folks later/tomorrow!
GO LOCN
My sentiment exactly! I just keep waking up wondering, "Will today be the day that LOCN goes LOCO?"
It will take weeks for MMs to walk it that low. Too many strong hands locking down the float. 8k filing with PR will come before it gets to that level IMO.
Agreed 100%, and I am right there with you brother! There really isn't much more to say!!
For .20s we need a new rumor to fuel more speculation, until then we move sideways.
If 8k filing or merger PR pops, .20s will be history. This can happen literally at any time.
Folks can try to wait for a better position over time, but they run the risk of having to chase after the filing comes out.
The only way we see .05 on this is if there is no news before the end of the year. This will not happen IMO.
Glad to have you back on board!
To me, the prospect of being on the sidelines when the PR/8k filings hit is a lot worse than being in the red for a few days while waiting. The news WILL hit, any position taken before then will be very much worthwhile.
Not today we won't.
Volume isn't too bad, there was a few panic sales, and probably some day traders who tried to make a quick buck and bailed. Most of the 10m float on this is locked up by longs, and if the same volume we had today were buying pressure we would be testing .20
I don't believe there is a time limit, however it is in their best interest to file the 8k as soon as possible.
Thanks for sharing your DD. I honestly don't think people should be getting their panties in a bunch over this phone number and the voice mail message.
There are tons of better reasons to be buying this stock:
1) The filings that came out on 10/28, read them.
2) The fact that Heskett is the atty behind LOCN, he has been behind some of the largest RM's to date.
3) Professional Traders Fund LLC owning 62% of the controlling interest of LOCN, they have been instrumental in a number of RM's as well.
4) There has been ZERO dilution of this stock to date, that means no dilution at ANY PPS. No dilution yesterday at .19, none when it hit .30 weeks ago.
5) There has been no 'dump' of this stock, namely because there is no 'pump'.
The DD here is UNDENIABLE. Anybody claiming scam or pump and dump on this stock can be challenged with only ONE of these facts and they have NO ARGUMENT. Try it.
First of all, no offense taken, you have a valid point of view!
I don't think anyone has been "fooled by some mastermind," some people may have bought in at the end of the MOMO run looking to flip for a fast buck and lost a little, no big deal.
Also, if you look back at my previous posts I've never said anything about Ambit being concrete, in fact I've voiced my concern over Ambit being a viable merger candidate. I still have concerns about Ambit being the one, as I'm not sure the rewards outweigh the risks for them, but then again I'm not a CEO.
Finally, I don't think LOCN has been struggling to hold any PPS. As the days have gone by, LOCN has been falling off the radar and without speculation or rumor, there haven't been many new eyes on this stock. The only action we've seen in the last few weeks are MM's walking the PPS down, a few people gettin frustrating and selling for losses, and a few other people finding this gem at a huge bargain and making their investments.
It may be at a higher PPS today than it was last week, but if you are trying to wait for the PPS to creep back down to where it was last week, well that will take quite a bit of time. It is very likely the PR/8k filing will come out before it reaches those levels. Any way you slice it, once that news hits, anyone who bought even on the high yesterday will be very, very happy.
There were much higher levels when it was less clear who potentially could be the merger candidate. Once speculation died down the pps sank over a period of a few weeks, but accumulation was still up. The latest rumor put LOCN back on the radar but there is absolutely nothing to worry about because eventually the 8k WILL come out and there will be a merger with SOMEONE, and the pps will reflect that news.
What I'm trying to say is, look how this thing moves with rumors and speculation. When something more concrete comes out, such as news or an 8k filing, this stock will fly, and today's PPS will be HISTORY!
So true.. When the filings/PR is released we are all going for a ride!
People can wait to try to get in at a lower PPS but they risk missing the boat if filings come out before their target PPS.
Anything under its previous high of .3 is a fantastic investment IMO. As long as you can stomach a bit of red, you will be rewarded for your patience on this baby!
I'm not concerned, LOCN will RM with someone, maybe Ambit, maybe not. No matter who it is, whenever it happens I will be happy
Yesterday, someone claimed to have spoken with an Ambit employee who confirmed that they are using the 800 number for their PR department.
As for the number being "hacked", if that were the case then the atty would have the # disconnected immediately and most likely issued a statement on it. Seeing as how neither of those events occurred, it is most likely the number has not been "hacked" as one poster claims.
Welcome aboard!