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5 on the bid...it's been a while! (if you don't count .0012 and .0013)
Terry, relax. You know exactly what's going on here. Baker Boys increased holdings? Because they are AVERAGING DOWN BECAUSE THERE IS INCREDIBLE DILUTION.
You know nothing. Stop misleading people.
Guys, seriously, there are no other boards on here that I've seen that have such ridiculous posters...iHub and Yahoo both...never does it get this bad anywhere but GENTA.
yes that's right, that is the email i was referring to.
looks like a good time to blitz PR's, but with good info rather than fluff. "Solid news soon" for "Excellent property coming together."
and then a couple weeks later, gold arrays...
and then a couple weeks later in june, oil...
and then a couple weeks later in july, gas...
should be an interesting 3 months and an even more interesting 3 weeks
np, i just don't think pennyland is until the end of the month. i'm holding for it. its not blue skies for pennyland until it breaks .0058/.006 so i think there could be profit taking there...you know, the buyers from the .0031 break next week ;)
the CEO said in an email to a poster a few days ago that they would be out in a "few weeks".
he said there is some solid property news soon
Huge hits on ask....news/leak update over the weekend??
You really sold all your shares? Did you need the money that badly to where you had to sell at the bottom? You do seem very impatient based on those videos haha, but seriously, I dunno man. You're a good shareholder haha, just weird that you're not in as volume is picking up
Volume coming in out of no where huh??? i mean no trades in the past few minutes but a lot of shares real quick. 100 mil green day def. could break .0016
i know great news is in May, but i'm telling you, the peak of IDCN is in June. Especially if STOCKCHARTERGROUP is going to pump it on their own after .004. And, Gold in May...Oil in June...Gas in July...
Why would a private email be posted on their webpage?
You sit here cryptically and NEVER speak about Genta. "READ IT AGAIN READ IT AGAIN!!!" Grow up Bundles....
Message from STOCKCHARTER:
My message to him:
"Hi Ken,
I was wondering if you could explain the price action on IDCN? Why has it gone down this far if good news is clearly imminent? I realize volume hasn't moved much. And I also realize you don't have anything to do with the company. But, you seem to be pretty knowledgeable about the company, and I will not make an investment decision based on your opinion. However, out of all of the opinions that I could possibly want from iHub members, I feel that your opinion will help shape my opinion correctly better than any other user on here.
I know you are a busy man, but I would appreciate a reply.
Thank you,
Ryjo"
STOCKCHARTER's reply:
"Sent By: STOCKCHARTER Member Level To: ryjo838 Date: Thursday, May 06, 2010 12:51:53 AM
Hi ryjo838, TECHNICALLY SPEAKING only, the daily macd on idcn is getting very oversold. I am looking for a bullish cross-over soon. We as a group have bought another 150m shares @ least over the past few weeks. We will continue to buy as liquidity permits. Any type of news will propel us to new highs in my opinion.
You can post this reply to the idcn board if you want.
STOCK CHARTER GROUP!"
True. But, May. It said May lol. You (not you personally) can't read something that says "We'll let you know in May" and start getting pissed on April 28th that the news isn't out yet.
They said: Gold in May, Oil in June, Gas in July. How simpler can it be?
Great, thanks for the tips. Everyone here is just waiting for Genta. I don't mean to start off topic chats, but there's not too much to say about Genta when you're waiting for it to hit bottom.
The Company said they will UPDATE US IN MAY!!!!
Everyone needs to RELAX!!!! it's not like this is a DUMPING (volume) of shares. Sell if you want to. Average down if you want to. Hold if you want to.
But the pink sheet company that you guys keep talking about RESPONDED to shareholder complaints on April 29th, and HAS ALWAYS SAID that Gold news will come out in MAY!!!!
It's only MAY fifth!!! How IMPATIENT can you guys be!?!?
578k shares long...
I too want to make money off of Genta again...but why not play other stocks? I know you only hold two right now, but why not jump into plays with more momentum and interest than a stock that's sort of scammy like this one?
well, no rush, right? Why buy now when it keeps going down. you can always buy in whenever you want. its not like this stock gaps up, EVER
what does it do for us when we figure out who is doing the selling?
Anybody else notice that boardmarks are steadily decreasing?
I'm not happy about JLEO moving to .0012. I wired some more money to my Ameritrade today...should pick up at least another 125k in the morning.
Wow. opened at LOD and closed at HOD!
close at HOD .0019 and make a doji for the month. makes sense, and very bullish. if 100M volume, that'd be something
we have come this far, you need consolidation at times. red isn't bad, its healthy
Guys, April's a consolidation month. Candle close tomorrow.
xbigshot1, thank you. the company updated their website because of what we all complained about, and your innovative shareholder strategy of making the video was really what put them over the top, IMO. I am in my final semester of four years in business school, and my last class is strategic management.
in this class, and it is ironic how this all applies to IDCN, I have been getting 100s on all my papers, including the case studies that I have done on mcdonalds and jetblue. the most important thing for a company to have is trust with their corporate governance, which includes their shareholders. the better trust you have, the better competitive advantage over the other companies in your industry. one of the ways of controling this corporate governance is by a good flow of communication.
By updating their website, Indocan Resources has just displayed a type of trust to its shareholders that it has not had before, and people should take note of that. They said they would update us in May, and in May they will update us. They didn't want to PR because they didn't want to fluff. But retail certainly was getting restless. And I know some will do it anyway, but please don't abuse this power where the company updates after a riot. If you take things for granted, you won't win. In business certainly, but in life as well.
I'm traveling to Vermont and I am posting on my phone which has low battery. I have decided not to sell, and if I had more money, I would add to my position here. big money hasn't touched their shares. added if anything IMO. Point is: Indocan Resources has my trust. GLTA
haha omg i just watched that chart. I mean your technical analysis is correct and you are pretty much correct about what they should do...i mean they did say May but yeah this could have held in .0023 range instead of down here in .0015 - .002 which, btw, .0015 never even ticked, that was a bad tick. the real low of day there is .0017 or .0018. but the charts will not reflect that so its more of the manipulation you speak of.
i've still got my shares. but seriously, there hasn't been a lot of volume, like you said. and remember the PR!!
Shareholders and/or potential shareholders should be aware that a Securities Awareness Campaign does not guarantee that a market will develop in the company's securities and that in the event an active market does develop, the price of the stock may not reflect the fundamental value of the company. It should be further noted that the shares are tightly held by few shareholders and this may have the result of a sudden increase in the price of the security and the same is true if the security is sold, it may result in a sudden drop in the price of the stock.
Guys, they said Gold update in May
May is Monday. Don't you at least want to give them one week in May? You're expecting too much...they said May..you know?
"We will commence sampling in the coming days once our geologist has submitted, and we have approved the winter/spring sampling program scheduled to be completed in May. This sampling is intended for the discovery of a significant mineral deposit in a new or previously exploited area. The entire process will be supervised by our geologist in order for us to be able to develop a National Instrument 43-101 ("NI 43-101") compliant technical report. Such reports, standardized in Canada have become a world benchmark for mining properties."
No, actually. Because it would be repeating of news, which would mean a drilling PR would be fluff!
Imagine a drilling PR? "HEY! We just wanted to remind you guys that we are drilling! Okay see ya!"
Drilling should commence in April with cash flow to begin in July if all is on schedule.
MISSOULA, Montana, March 5 -- The Board of Directors of Indocan Resources, Inc. (OTC: IDCN) announces that our Oil Patch efforts are moving forward nicely. We have committed to 50% of an Oil & Natural Gas project in Pennsylvania whereby our Indocan Resources Oil & Gas LP will invest with funds from our investors, the Limited Partners, up to $593,000 in a twenty well plan that yields 60% NRI to us. These wells will co-produce oil and gas. Surrounding area wells are producing with a zero water cut and we expect the same. Drilling should commence in April with cash flow to begin in July if all is on schedule.
They said that they would know how much gold they have in May....
"We will commence sampling in the coming days once our geologist has submitted, and we have approved the winter/spring sampling program scheduled to be completed in May. This sampling is intended for the discovery of a significant mineral deposit in a new or previously exploited area. The entire process will be supervised by our geologist in order for us to be able to develop a National Instrument 43-101 ("NI 43-101") compliant technical report. Such reports, standardized in Canada have become a world benchmark for mining properties."
ooo man someone sold under 1% of the company and someone else bought it! maybe the other 99%+ shares should be sold too?
Selling "pressure" would entail some sort of significant volume on down days..... There are over 4 billion shares outstanding and 20 mil at .0017 is bothering you?
63 million volume on the day...are you kidding me? it will be interesting with the .0016s, if that can't hold, THEN you get worried. 63 million volume! that's like less than 1% of the total outstanding shares....
"A Securities Awareness Campaign may include the hiring of investor relations personnel, launching a new web based investor relations platform, sending emails to opt-in subscribers of newsletters and/or information websites, placing ads on websites, sponsoring research reports, interacting on message boards and mailing press kits and information."
In no where does it say press releases. Though press releases are included, it says they still need to hire new people, etc. place ads. They never said a PR should be out on April 22, 2010
OUCH 10 mil 10 mins, below 08
.0018x.002 7x6 wow!
conversation with who?
Right, if you own more than 4.9999% then you have to fill out a Form 3 which would show the dilution which would make people sell. So, if you don't have to file, then people don't "know for sure" if its dilution. Because its less than 4.9999%.
LOL I spoke too soon!! 7mil/10min! what is happening right now??? is there any april 27th in the filings? looks WAY bigger than a morning drop to pick up stops.
yikes my brotha look at that DUMP!!!! 4mil/5mins
yesterday, when it went to .0018x.0019, there were EIGHT MMs on the bid and ONE on the ask. very nice support.