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No pessimism here! I admit I am tired of waiting and would love to see a big PR just like everyone else, but it is to be expected to take MUCH longer than expected...as silly as that sounds.
Just waiting to become rich...and think this one might be the one to do it!
I would be very surprised to see an LOI announcement. If as many of us suspect here that the deal is with HBO and hence Time Warner, and since we have been told I think that it will be a joint announcement, I just don't see an LOI announcement. You announce when the deal is done. Big public companies just don't announce LOI's about small deals. And even though this is a big deal to us, it isn't to TW. And my guess is that their lawyers are squashing any chance of Billy Martin being able to announce such a deal (LOI) before it is finalized. If Doug says a deal will be announced soon, my guess is that an LOI is in hand. This is just a guess. Small pinkies announce LOI just to generate excitement. Don't forget also that you gotta a lot of red tape with stuff like this. First you gotta get the deal signed. After that, I'm sure it's gotta go through their PR deparment which is probablly like a black hole. I wouldn't be surprised if the deal was done and it would still take a couple of weeks to get it officially announced.
Look at USXP for a reason as to why we are waiting on a major PR. I want this stock (BLYM) to go to a nickle and stay there with out having to put 3 PR's out every day to keep it there. USXP may make a recovery, but not without a bunch more pumping.
Just my opinion.
My gut tells me that this is a filler PR. This was put out stricly because of so much moaning and groaning. This is exactly why I keep saying not to push the company into a PR that is not there. We may have to wait 2 weeks. But only if it takes that long for something to happen that is truly news worthy.
Just my opinion.
I know for a fact that investors have been lost strictly because of how these release have been written. It's a hard sell to fellow investors when the releases sound like they were written by a 3 year old or some one shoot'n crap in a saloon. I'd like to think we might have investors here that hate western wear, but understand the potential.
I think we all need to write doug and tell him to stop using this 'slang' BS in releases. At least that's what I plan on doing. Comes across as very unprofessional.
Doing a quick search, it looks to me like Victor Goulding will bring good publicity. Since he is the oldest entrant in the WSOP, it makes for an interesting story/camera shots I would think.
Will you guys stop yelling for news. We will get news when it comes. If this is really a deal or deals with a major public company, I hardly think that screaming for news will make it come quicker. Although, it could make it take longer or not at all. The only thing yelling can do is make Doug feel like he's gotta put some pump out that will cause him to be under the watch of the SEC suits...
Of course, just my opinion.
10x15...How long can we stay there?
BLTA showing some upward pressure again this morning.
I feel like that one is getting ready for a major run.
Give them that as an example.
Reply to them until they understand!
Posts like that generally don't do a whole lot, unless the stock is already moving. People take a quick look at the price and what the current momentum looks like. You aren't going to get people to look at what the story is when they are just playing a momentum play. If you could mention a major deal being done and throw a name out there, that might peek some interest. But you can't do that until it is acutally done.
Nothing pump about this one in my opinion! Other than a couple of pumpers on RB! LOL
Someone...
Is pumping BLYM over on the USXP ragingbull board...
They'll be happy if they listen!
Someone needs to...
bring some of those USXP board followers over here!
What is a boardmark?
Is any one else getting filled at the bid on buys?
I've been talking to Jeff Brommer about the new tick rule. Apparently he is annoyed about it as we are. He sent me this comment he sent to the pink sheets and the response he got back...
Here is the original comment to the pink sheets from Jeff:
To Whom it May Concern:
I am wholeheartedly against this new quote rule! While it may discourage day traders (which is a good thing), it also makes it tough on companies to attract new investors if your price has a wide gap in between it such as .0009 bid by .0015 ask. Who in the world wants to take that kind of hit when they first invest? I certainly wouldn't. While having a stock trade with 3 zeroes in front of it seems ludicrous, it is very unfair to the Company that has such a wide gap, thereby dissuading investors.
Jeffrey A. Brommer
Investments 101 Ltd.
And here is their response:
Thank you for your feedback.
It seems the spreads are largest at the breakpoints (particularly around .001) and that a bid at .0009 and under can (conceivably) have a spread of .0001 as it does today. The percentages drop significantly as the bid goes from .001 to .003 and higher assuming a minimum increment of .0005.
We?ll have to look at the data to see how many securities this will affect.
Also, the increments only affect the quotes ? you can still negotiate and execute a trade at a better price.
Tim Ryan
Pink Sheets
Issuer Services
Yep...I was afraid of that as I stated in previous posts. Just puts investors in the dark....brilliant!
It looks like quotes are now an estimation rather than an actual.
They are looking for feedback. No sense in complaining if you haven't written them.
Get writing people!!!
No that's not what he said.
That was just an example of one company. There are many companies at play here in my opinion.
No question this is going to be a volume killer today.
It will be interesting to see how this plays out today.
If our volume stays this low, I would highly suggest that we all write to pinksheets to show them how this new rule has increased our "liquidity". It seems to me this would be a great example for them. Going from 175M traded the day befor the rule to what appears to be a few million traded today.
Let's watch and see what happens. Maybe things will be different by the end of the day as people get use to the fact that this is the way it is.
Gotta a print at .0015!
Send pinksheets feedback then.
It's the only way to get things changed.
Speak up and be heard!
This spread is ridiculous....
Many may add at .001...if we see it again, but I don't think they will be day traders. Day traders are looking for a gain today. If they bought in at .001, they would have to be able to sell the same day they bought at .0015 at a minimum to make a profit. Too big a risk for most daytraders. Daytraders don't buy unless they see a stock that swings up and down a little bit. By the time they see movement with these tick sizes, their opportunity is lost. I know a little bit of a looptical argument, but I really think the tick sizes at these levels are going to kill daytrading. They may kill buying as well, but at least we know if someone buys, they are more likely than not buying to hold for at least a little while. If we were to fall back to the triple ohh's again, then I could see daytraders coming back.
Of course, there is another wrinkle in all of this. MM's are still allowed to execute trades between the bid and ask (or not at the standard tick sizes). With that being the case, our quotes may be more like estimates than actuall quotes. If that's the case, this new rule does nothing but put the investor in the dark. I am assuming this is not the case and most trades will still happen at the bid or ask. I guess only time will tell.
Just my opinion.
I agree with you about the TW thing. I was thinking the same thing. I think if this new rule really gets rid of the daytraders, then this could move very quickly. If you think about it, someone might be buying at .0015 because they believe in the company's future. Who is gonna be selling at .001??? Daytraders...that's who. And as I said, they should pretty much be gone.
I'm not sure about this new rule, but one thing it should do is eleminate most day traders. At least until we get up to higher levels where the .0005 increment doesn't seem so large.
Just my opinion...
Granted all positions of MM's are closed right now, but all MM's this morning are now showing closed quotes under the new rules. In other words, we are .001 x .0015 as suspected.
That my friend is what I would call confirmation.
Great work...unbelievable really!
Guys has anyone ever been able to dig stuff like this up on any pink sheet they have been involved with???
If so, it's a rare thing.
To the moon baby!
This is an absurd MM lineup.
We have only 1MM on the ask side until we are at .0014
Yeah...
I picked up 1.25M today.
I wonder if we should consider trying to see how much this board holds? I'd be curious to see just how much of the company this board owns.
I personally have 13M.
Remember that...
Monday is a trading holiday and that Tuesday we start trading at .0005 increments (assuming we stay above .001)!
No matter where we end up today, it looks like a record volume day!
evensooner...you should finally get your 100M day!
This stock is gonna be huge!!!
It may take them a few weeks or months to get some of these names out that they are dealing with, but man, can you imagine when they do?!?!?!?
So far, we are owed, a Major network name, a major shoe Major US Footwear company, top fragrance development firms, wholesaler deals, I'm getting dizzy....
If you're dealing with major, probablly public companies, it makes sense that you can't put their names out yet. Yet another avenue for the branding...WOW!!
It doesn't really matter how the stock reacts today, this thing is, over time, going through the roof.
Of course, this is all my opinion....
NEWS!!!
I'm taking advantage....
Just bought 1.875M more at .0009
Please tell me that is digital effects!