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i don't believe your comments on the nature of my posts overall are correct, but you are entitled to your opinion. if you prefer to sugarcoat info that runs counter to your hopes that is also your right to do so. I think their principal fianancier sueing them for non payment is not particularly good news, which is my opinon. i hold only 40K shares of this stock and several of my posts indicate a willingness to hold it long if the price does not appretiate this year as we all hope. thus, when the news is good i feel more positive then when it is not so good. NSMG management knew it would not be viewed positively, but still failed to meet their legal debt obligations or make any arrangement to postphone legal proceedings. if you can find something positive in that i salute your optimism. my opinion is that while it remains unresolved this issue will lower the upside potential for nsmg this season, which in my book makes me a realist and in yours a naysayer. so be it. if it is a positive comments only board then i will abstain from further comments.
"Hurricane Dean and all of the rest coming across the Atlantic over the next 2 months have far more relevance to the sp right now than this lawsuit."
you and i and a lot of others sure wish this were so !! I figured this company would screw up the seasonal run up if given any chance. Fife is their principal financier and he not getting paid is not good news, no matter how polyannish i wish to be. holding this stock is like eating ground glass. so, i really do hope your right.
we'll see
0.16 (1 shares) 0.165 (1 shares) 10:42 AM - talk about painting.....
looks like the split is actually
"Each shareholder of Octillion as of record August 22 will receive one share of MicroChannel Technologies' common stock for each share of Octillion owned by such shareholders as of the record date."
so the first reports of a 2 for 1/1 split were incorrect.
" It was due to a recommendation by a stock trading group called 'toppennystocks.' Whenever they recommend a stock the PPS spikes up high for a couple of days and then goes right back down to where it was at before the recommendation."
gee just like Cramer
no storms, no santa claus, no easter bunny, - what a world, what a world. i will hold this MM's dream till capital gains tax rate drops if i have to, and see what next season brings. If so, i will tab this stock for buys next winter and really average down. being a Yankee fan, i might have to get used to "wait till next year" anyway.
still a soft bottom due to so many nervous nellies and dip surfers.
i woulden't give up on that short yet, depending of course at what you sold at
maybe some folks were not thrilled with the 2 for 1/1 split, especially if they got in mainly due to the solar energy potential. now they "lose" 1/2 their octl for a bio tech with not much to show yet.
let's hope your right!
i figure it will float .15 to .20 till something happens on storm front. MM's who loaded up over the winter can make $$ on anything past .10, so its just a cash cow for them without some persistent buy or hold pressure. every week that goes by now without a front developing is going to put heavy pressure on the sell side and if we go deep into August the buy side will evaporate. better watch this one close as the train will leave the station pretty fast under this scenario.
you make good points but these tendencies toward multi-boarding and msgs for sake of board #'s are pretty persistent but also easily avoided once the main purveyors become obvious. i, for one, am glad to see some ++ movement for nsmg without so much volume on profit taking. let's hope it continues. penny stocks are like virgins in brothels - hard to keep em safe (from those bad MM's).
good to know you hold Mr. R in such high esteem. i see a pump and dump cycle 7/9 through 7/11 and current pps is, i believe, also a mirage built by manipulation. just my opine. they spin the wheel and we place our bets. good luck with octl - hope you make out well.
like i said :
1. need to see a working prototype
2. see more short coverings
plenty of time to catch it down the road i think.
sure. try doing a little homework in this direction:
I will let most of your charts speak for themselves.
United States of America
before the
Securities and Exchange Commission
Securities Act of 1933
Release No. 8306 / October 23, 2003
Administrative Proceeding
File No. 3-11308
In the Matter of
EquityAlert.com, Inc.,
Innotech Corporation,
Bhupinder S. Mann,
Harmel S. Rayat,
T&G2, Inc. and
Virilitec Industries, Inc.,
Respondents.:
Mr. Reyat's "promotion" is bad news for octl investors. he leaves a very bad financial order in his wake. i was set to buy this until i saw the news of his retention. only a working prototype that someone actually sees would get me in at this point.
my sentiments exactly. 100 shares at the tape - give me a break.
remember it took two idiots to pull the trade off, one to sell and one to buy.
wouldn't you if you bought at .05?
i think you are correct on the dilution issue. while that is factored into the current pps, it does hold down future pps growth and i think may have something to do with pps weakness of late. my break even is .01975 so i am hoping for something beyond that if a storm or 2 come along. i started out with this as a long position but now i am not so sure. will surely ride it out through storm season and see what happens to pps.
faith + 50 cents will get you on a transit bus where i live.
well, since i assumee Scott is kinda busy, how about you share the highlights of your discussion with him ? thanks.
i sure hope your right but can't help but wonder how many MM's got in over the winter at 5 to 8 cents and are bleeding nsmg dry over the past 2 mos. we also don't know how many quick buck folks are loosing faith and bailing at a loss way 2 early.if it goes below .15 with any consistency i would look for futher erosion. this was close to .30 not that long ago, and they have been pounding the c--p out of it since then. to me, these lows are all buy opportunities, but i am running up against my limit for any one stock. well, maybe just 10K more........
fair enough. there are two sides to every story as usual. i was just trying to emphasize a look at other fundementals , which will be ever more important from an investor standpoint if they go OTCBB. i own 40 K shares so i am an investor in the stock. i just wish they would run the ship a little tighter. the law suit sections, liabilites, and market manipulation reality/potential should also be taken into account to get "the whole picture".
try starting with:
the resale, from time to time, of up to 2,000,000 shares of our Common Stock by the Selling Stockholders and (ii) the resale, from time to time, of 100,000 shares of our Common Stock by the Selling Stockholders upon the conversion of an
equal number of their shares of Class B Common Stock into Common Stock
On December 28, 2005 the Company sold 1,000,000 restricted shares of Common Stock at a price of $0.15 per share to Nite Capital, L.P. This transaction also included common stock purchase warrants that would allow Nite Capital to purchase
up to 1,000,000 shares of the Company’s Common Stock at an exercise price of $0.20 per common share. Nite Capital received 50,000 shares of the Company’s Class B Common Stock as a result of the stock dividend to all Common Stock
holders of record on October 27, 2006. Nite Capital is entitled to receive up to an additional 50,000 shares of the Company’s Class B Common Stock if it exercises its warrants to purchase up to an additional 1,000,000 shares of the Company’s Common Stock.
small market capitalization makes its Common Stock relatively more susceptible to market manipulation than large capitalization companies
The SEC is conducting an investigation regarding an alleged illegal touting or market manipulation of the Company’s stock. (important!!) - I suggest thay look
at how this stock has been yoyo'd over the last 60 days by MM's).
The Company entered into a loan agreement that allows the lender to convert the loan into additional Common Stock of the Company, which could result in significant dilution of shareholders’ Common Stock holdings.
On January 30, 2007, the Company borrowed $500,000 from John M. Fife. In connection with such loan, the Company issued an original issue discounted note pursuant to which the Company was obligated to pay Mr. Fife $825,000 on July 30, 2007. On each of February 26, 2007, April 11, 2007, May 17, 2007 and June 29, 2007, the Company borrowed an additional $250,000 from Mr. Fife, and the note was amended such that on July 30, 2007, the Company will be obligated to pay Mr. Fife
an aggregate of $2,481,000. The Company has pledged 23,000,000 shares of its Common Stock to secure its obligations under the note. In addition, the note is
secured by a personal guaranty of the Company’s CEO, Terry Kiefer, and the guaranty is in turn secured by a pledge of 17,000,000 shares of the Company’s Common Stock owned by Mr. Kiefer. If the Company defaults on the loan, then Mr.
Fife will have the right to foreclose on the shares of the Company’s Common Stock pledged as collateral and sell such stock until he is repaid in full. (See “DESCRIPTION OF BUSINESS – Fife Loans” in this prospectus).
The Company’s CEO, who is the sole member of the Board of Directors, controls a substantial amount of our Common Stock and could delay or prevent a change of control
read "Legal Proceedings" in their entirety
The Company is authorized to issue a total of 310,000,000 shares, of which 300,000,000 shares are designated “Common Stock,” having a par value of $0.001 per share, and 10,000,000 shares are designated “Class B Common Stock,” having a par value of $0.001 per share.
read "Fife loans" section completely.
i call this the "duh" section:
In 2005, the Company entered contracts to repair homes in Florida that were damaged by storms. The Company calculated its fees for the contracts based on the normal cost of materials. The insurance companies made initial payments to the Company to commence the restoration services at the prices specified in the contracts. The Company then paid its normal commissions to its salespersons. An unexpected shortage of repair materials in Florida caused their price to more than double. The Company had to cancel many of its contracts because we could not procure the necessary repair material and the Company was unable to recover the ommissions paid to its salespersons for the cancelled contracts. In addition, the completed contracts were done at a minimal profit margin due to the increase in the cost of repair materials. The backlog of said projects continued through
most of 2006 resulting in minimal contribution margin in Florida. In addition, an unusually mild hurricane season in this market made it difficult to produce new revenue in 2006.
The Company has funded its operations primarily by incurring indebtedness and selling its Common Stock. The principal use of cash has been for operating activities. The Company’s liquidity has been negatively impacted by its recent
acquisitions in Florida, Mississippi and Minnesota.
they are in hock to this guy Fife big time.
read pg 46 "capital Stock Activity" - all.
i did but thanks for the advice.
great - lets dilute the pps some more
well, it sure as heck was not me - dumb to sell at .15 unless got in at winter lows and are profit taking or have lost faith in the stock and are just bailing. if folks are upside down in this or any cane stock and cannot wait for the season to start playing out before selling, then the MM's will feed on their carcases, as will you and i it appears. i keep waiting for a modest buy surge once it shows some strength at some price level perceived by the MM's as the real low. the time they will have to move back in is shortening as we run a little deeper into the season. so i hope and expect for some upward pressure before any big storm news. but this stock has a way of flying backwards with ease.
hard to tell cause it keeps dropping lower then i expected ! not many shorts on it so very few are betting it will drop lower, but they also have no buy back positions that could generate momentum on an upsurge as they ran to cover. so i think we are left, barring storm season, with a ton of folks who got in real cheap over the winter so there is a lot of sell pressure constantly applied. it will take a major storm to overcome inertia i think.
i second that! this is the 1'st time i bet on a hurricane stock (or any bummer for someone else stock for that matter) but i keep reminding myself i am betting on a company that will help folks if something does happen that none of us can control like hurricanes/bad storms etc. so i guess i am left with mixed emotions on the investment. i am getting sick at how persistent the sell side is. those folks who got in over the winter at 5 to 8 cents are sitting pretty and playing the stock like a yoyo. I may not play this one again, but if i did the winter dip would be my way back in. I still think it is a .60 stock this cane season at least.
@17 i would buy 10K more and aver out at about .20 for 30k total. i think revenue will move up as they have increased their areas of operation and have a current presence in some states that have had weather issues without hurricanes being involved. i am new to nsmg and just not sure how strong the hold side is. althought it does show some resistance to below .19 you see alot of sell orders at .20+
maybe the yoyo pps effect is folks who get their jollies off a .01 cent swing....
what slays me is this MM folks who think a 1 cent swing is a big killing in the market. they "buy' on the dip" as they love to prattle on about, maybe pick up 50 bucks for the day. big time traders no doubt.......
good observation
"Charys Holding Company, Inc. ("Charys" or the "Company") (OTC Bulletin Board: CHYS) announced that on June 18, 2007, Billy V. Ray, Jr., Chairman and CEO, acquired 1,750,000 shares of the Company's common stock pursuant to the Company's Employee Stock Incentive Plan for the Year 2006. The shares were made available under an Amended and Restated Stock Purchase Agreement between the Company and Mr. Ray, which provided Mr. Ray the right to acquire 2,237,222 shares of CHYS common stock at an exercise price of $0.40 per share. As a result of the purchase, the Company received $700,000 in gross proceeds. The 2,237,222 shares are subject to an existing post-offering lock up agreement prohibiting their sale by Mr. Ray until August 15, 2007."
my my my, what a sweet deal for Mr. Ray. wonder where this .40 cent per share stock came from? i guess if he is investing in CHYS, even on the cheap, its a good sign for the long term. i see this forum has been pretty dormant so it does not look lke folks are following this stock.
check the drop in pps and spike in volume on the sell side after 3:30. they don't leave time for the average joe blow to jump in that close to the tape. so yes, they are milking the cow and the cow is us. i figure they are gonna play their games until a storm or 2 comes along and then climb on board for the ride. by doubling down at the low i now need .245 to break even. i expect the pps upside potential to go well beyond that and will wait it out while the MM's play. whata folks think about chys?
i am not sure that absent some major storm activity this stock can escape the death clutch the MM's have on it. as soon as it bottoms each day (say .18 at the low) they buy in and sell at .20 in sufficient volume to make a profit adding more downward pressure to the pps. hence it bounces .18 to .20 so their just playing the usual MM games folks and we need more buy and hold till fall folks to balance them out and get this stock out of their pockets.
don't think so:
"On June 26, 2006, La Jolla Cove Investors, Inc. partially exercised this warrant by purchasing 233,317 shares of common stock at $0.24 per share"
hmmm, so
1. real net loss almost tripled
2. 24 mill additional shares issued (when ?)further diluting the pps
3. interest expense went up FOURTY FOLD! (short or long term loans? for what - expansion ? (
4. Current maturities of long-term debt$ 2,707,133 versus last year $ 1,118,275
5. loss of receivables for 200K
great job - now give the CEO a couple million bucks a year
and we are primed for a big jump.................
i expect that the flaw in your precognition (.05 to .30) is that you factor out storm season entirely and that not everyone is part of the pump and dump parade. I am also unaware of a short sell mechanism for pinks but am hardly an expert in the matter. i think the pps has mostly compensated for late reports with negative numbers expected. if it goes into the low teens off the reports i will double down to lower my average pps as i do believe its high is still .30 to .50 before fall. And i would love to see the M.M. short sharpies get castrated, financially speaking of course. ..
forgive my ignorance, but how do you "short" a pinksheet?? TDAmeritrade won't do it (or even take a stop loss order etc) and it sounds far fetched to me.
waiting till friday does not exactly inspire confidence.