Forming an opinion
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Hmmmmm, 600 million shares. Considering what is restricted and what has been traded in the past week...maybe the dumping is almost finished?
Stockcracker, what price are you trying to get back in at?
I never trade stocks like this, low volume, obscure promo company. I prefer the sub penny's.
Run Forest! RUN!
He's not very patient is he?
Is that Brainy Smurf with a HUGE joint in his mouth?
And could you be a little more specific or is this one of those pyschologists tests?
I wasn't watching this stock Friday, but I do appreciate you mentioning that, personally I don't like seeing big chunks sold after 4 on an OTC.
Oh, that's why he doesn't see the truth. He would have been wise to sell his losing postion instead of making it worse. Downward momomentum is the trend at the moment.
Here's your last prediction:
We shall see. $0.004 check back EOD.
Yeah, if anything I believe it would be a regular merger. The reverse merger doesn't make sense because they don't have their financials up to date and have been dark for quite a while.
Maybe. But if they are doing a R/M, doesn't it have to be a shell company?
WHAT IS A SHELL STOCK?
A Shell Stock (Shell Company) is a public company that no longer has any business operations. It retains its capital structure and public trading status with the intention to complete a reverse merger with a non-public company with an on-going business. This merger creates a new company that is both publicly trading and generating revenues. There are many reasons why a Shell Stock exists in the first place, but most commonly they either lost the business due to a bankruptcy, or just sold or closed it.
The SEC (Securities and Exchange Commission), in Rule 12b-2, defines a "Shell Company" as "a registrant with no or nominal operations and either no or nominal assets, assets consisting solely of cash and cash equivalents, or assets consisting of any amount of cash and cash equivalents and nominal other assets." Previously, the SEC referred to a Shell Company as a Blank Check Company.
Why would a private company with an on-going business want to reverse merge into a Shell Stock? The goal of the private company is to become a public company. There are many benefits in becoming a public company. The traditional method of becoming a public company, via an IPO (Initial Public Offering) can be very expensive and time consuming. Becoming public via a reverse merger is less expensive and much quicker.
Here's the company that currently owns CPV. Warburg Pincus, a private equity firm.
http://www.cpv.com/investment_partners.php
"At the heart of our approach to investing is an emphasis on building businesses that withstand the test of time. With an average investment period of five to seven years, we take an unusually long-term perspective. Matched with our size and scope of funds under management, this approach enables the firm to provide substantial resources to our portfolio companies, a critical advantage in the face of constantly changing economic conditions and volatile financial markets."
http://www.warburgpincus.com/firm_profile/Default.aspx
Trying to look at both side of the coin here, I'm sceptical of the mysterious filing, but on the other hand maybe Warburg has decided to move on if their average investment in a company is 5 to 7 years. Maybe and it's a long shot, but MAYBE CPV wants to R/M with RMWF. But why not an unknown shell and why .12 PPS buyout, when they could easily get one for less?
•A typical Schedule 14A begins with a list of issues that will be voted upon at the upcoming shareholder meeting. Issues may include items such as the reorganization or merging of the company, amendments to company bylaws, the issuing of securities, or the use of stock option plans.
Read more: What Is Schedule 14A? | eHow.com http://www.ehow.com/about_6401564_schedule-14a_.html#ixzz15xy0VSX0
Very well spoken.
Something doesn't add up. This "leaked" filing about an upcoming merger. If they are about to merge RNWF will have to update it's filings. They have been dark for quite sometime. In order to merge the quarterly reports for the last two years must be done. LOC* would be a good example of this.
After reviewing the filing closely, it looks to be a copy and paste job, with RNWF and CPV replacing two other names. I would say someone wanted out of this stock badly in order to try something like this.
JMHO
You ba$her. Just kidding, lol.
It seems like no one wants to hear both sides, if it ain't rainbows and sunshine, then they'll condescend or call someone a ba$her.
Thanks Smit, good luck next week.
That's the kind of mindset the diluters depend on. I've seen it so many times. "Oh, XXXX has dropped 90%, there's going to be a bounce".
Next thing you know, the stock is down another 50% from where it closed. The diluter is depending on people becoming desperate enough to average down. He needs volume, FANC was vicious Friday using a drop and stop the bounce method. Alot of people were burned in the low .004's because of the way the MM's were lined up. Another diluter trick.
The key is to watch the volume and the axe, in this stock the axe is FANC. When he leaves for good and not just 5 minutes like he did Friday afternoon, then you can bounce hard.
I saw that too, par values are meaningless now-a-days though. Some have argued in the past that a stock can't be diluted below the par value...lol. I guess shorty don't know that.
I went like half way thru your reply and I can see you're in this stock...badly. Sorry for you.
Fascinating you highlighted my argument....if you don't know what a T trade is, I'll look it up on Investopia for u.
Nasdaq - JAN. 4, 2010Â
Equity Technical Update #2010 - 1
What is changing?
The Financial Industry Regulatory Authority (FINRATM) has announced Securities and Exchange Commission Based on the new rules, the following modifications will be made to trade reporting via NASDAQ ACTSMÂ technology:
Trades executed outside of the hours of operation of both the FINRA/NASDAQ Trade Reporting FacilityTM (TRFTM) and FINRA Over-the-Counter Reporting Facility (ORF) — collectively the ACT System — must be reported within 15 minutes of system open (i.e. 8:15 a.m., Eastern Time) or they will be considered late.
The ACT System will now allow Form T trades to be reported during market hours for both Trade Date and As-of reported trades. Form T trades will no longer be restricted to reporting only during Form T (pre-market and post-market) sessions.
He's right, maybe someday it'll sink in.
He's right, maybe someday it'll sink in.
Amen. I wouldn't either. I lost some gains from this week trading this POS, I'm sure some lost much more. I've never in 5 years seen anything like this in the Pinky trenches. My heart goes out to those who lost hard earned money, but a word of advice: Don't give up on Pinkies, you can always make it back on another....unless it happens to be a...no-bouncer like this one.
As for FANC, I've never had a problem with you like I do VERT(not so much as b4), HDSN, UBSS, and PENA, but you've officially made it to the top of my MM's to watch out for.
GLTA and try to have a Happy Thanksgiving.
Next stop, lower .002's. All aboard!!!
He's baaacccckkkkk.
FANC that is....
Yeah, if FANC would stop being a dumba$$ this could go.
Once FANC burns the road up, this could bounce...
LvL2 says otherwise....
You want the cops to stakeout the PO box? LMAO
Time to go play with the dog, I'm tempted to buy, but I'm not getting burned again.
Jeez, glad I swallowed my medicine at .0051. Bad day but could have been a bad week...
Wow, ask getting hit hard and FANC doesn't budge. Now he drops again, brutal.
Waiting for the selling to stop. Didn't really seem to let up today.
I couldn't either. I had a bid for a bunch and wasn't getting filled so I put in an order for .0017. It filled me at .00165 and registered on the lvl2 as a sell. Weird. You would think lvl2 would have rounded it up to .0017 and show as a buy.
Anyone know who the TA is? It doesn't show on PS.
Looks like we might find out soon.