is...too busy to change this...
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It would be better to show up in a tux! Maybe take home an Inca girl and find out all the real DD! LOL
Rich people disclaimer:
Ooops! Sorry rich people!!! If you're reading this, I'm just a lowlife working man. I don't know nothin' about nothin'. Please don't judge the stock based on my rants! But you better be quick, because I keep buying shares and you can't have mine cheap!!!!!!!!!
I appreciate the attempt! It would have been great if you got in. Who knows what happened? If it's all true and good, we should be hearing more about it. At least you made an effort to get in there. Thanks! If this plays out, you should go back and pretend you're interested in a Ferrari! Take a test drive! Open her up! Then ask to speak to the owner and tell him you won't buy a car from a liar! LOL I'm only joking! Don't try this at home! It will only offend more rich people, who might be buying shares!!!!!!!!
Really? You lost 3 big whales? I thought you were a closer! Didn't you demand that they invest and slap the ask? Jeez! You've got to be more proactive with your rich friends! Don't they all trust you completely? What does it matter what people post on a public message board? They should show all of us hicks how smart they are and buy all the shares we are trying to hoard for ourselves. That would teach us! I certainly don't want to scare all of your rich friends away! This is a great investment! I'm sure they know that, since you brought it to their attention! Come on, rich guys!! Please buy some shares!!!!!!!!!! We promise to do everything Dan says if you do!!!!! No, really!!!!!
You're bothered by people telling YOU to take YOUR own advice and hit the ask? I can't imagine why. You mean you don't like people telling you what to do? That is odd, isn't it?
I think a $1 bid would be good now. Us LONGS would like that! Now all we need is for the ask to move up to $1.01 and we're all set!!! How should we do that? We need your input! HELP!!!!!!!!!!!!!!!!!!!
No one knows when you bought your shares just because you tell us. It means nothing.
I made no "accutsations".
As long as you now understand how the market works, that's wonderful. From not on you can post using what you've learned.
If you want to "maintain the PPS", all you have to do is place a HUGE bid .0001 under the ask and move it up every time the ask moves. I'm sure we would all appreciate your support and action more than advice and words. I'm certain you have millions of dollars of walking around money in your back pocket. Time to put it to good use!
BREAK IT OUT!!!!!!!!!!!!!!! HIT THE ASSK!!!!!!!!!!!!!!!!
Actually, you are the one that is "inccorrect". If someone places a bid (as a certain someone has suggested in the past) for 5K shares at .0049, while the ask is .005, THEN someone bid whacks with MORE than 5K shares the .0049 bid is filled and gone. The ask then becomes .0049, because the seller tried to sell more than the 5K, which was on the bid. Again, it's simple logic to anyone who knows anything about how the markets work. I know all about proper bid support. Proper bid support has nothing to do with manipulation. I know you assume to know everything and no one else knows ANYTHING, but, as usual, you are wrong. In any event, people should buy however they see fit.
BTW, It's a shame that some people will "encourage" others to spend more of their hard earned money to prove erroneous theories, which the perpetrator is not willing to enact himself.
Our Ask was at .005. If Bid was at .0049, than the Ask can not go down.
Don't be silly. Of course the bid can go down, as long as someone sells enough shares at the bid to knock out whoever is there. That's the way the market works. You understand that, don't you? Placing a bid close to the ask does NOT move UP the ask OR keep it in place. Such a view is much too simplistic to be sincere.
Book value per share still shows as $5.532 on Yahoo. I'm amazed we're still trading at this level. And they're trying so hard to keep it down.
I don't even read the Yahoo boards. Mostly just Yahoos posting there anyway! LOL
They meaning those working in the shop? I'm hoping you didn't tell them you were a shareholder! The employees must think all the shareholders are insane. LOL
Thanks for sharing the photos. What did your wife think about you taking them? Did she think it was nuts? It's got to be a little strange, standing in a quiet shop, snapping pictures of bikinis. Then again, I suppose it would be worse if it was crowded.
I've felt that for a while. They used to play with it all the time, and in every lull, there was steady selling. Now, they seem to be trying more manipulation to entice sellers. It doesn't seem to be working for the most part, IMHO.
I agree completely. It's not about the day to day PPS. It's about the big picture. If and when we hit a dime or more, today's PPS won't mean a thing, except to those who bought shares. That's why I don't post my buys. It doesn't matter. I'm not buying for the team. I don't feel a need to get a pat on the back every time I pick up more. I'm buying for me and my family, because I believe in the long term potential. People don't really think about the fact that if you own 10M shares with an average of .005 or .01, they will be worth the same in the end. Of course, getting shares cheaper is nice. No one can dispute that, although it seems to be a real problem for some. We ALL want to make as much money as possible. That's part of the game of life. I'm not happy when I hit the ask at .005 and the price drops to .0045 almost immediately, but I don't stress over it. And I certainly don't post to people, complaining that they got shares cheaper that day or the next or that they are killing the PPS. That's just my opinion. I'm only me, not part of a group. I know that isn't really the general consensus. We all have this stock in common. But I don't think that makes us a family. Nor do I think we will all be at a huge beach party on some exclusive island some day. I could be wrong. If that happens, I hope everyone enjoys it. I don't think I'll be attending. No offense to anyone intended.
It IS a fact that many stocks trade in higher increments with an increase in the PPS. Those who were here during our move up to .02 can attest to it on this specific stock.
As for outlandish price increase predictions, based on that, please don't throw me into the same pen as anyone else making such claims. I have made no predictions of prices, nor will I. I'm not trying to convince anyone to buy or sell any stock. IMHO, the PPS WILL increase, based upon realistic expectations and actual events. I'm really not into the whole team thing. I like this stock, so I buy it. It's as simple as that.
Actually, from the time we hit about .008 before, bids/asks were only in .0005 ranges, as compared to the .0001 increments we generally see now. However, that depends on the broker. Even when placing orders at, say .0086, Etrade would change the bid to .0085. So, it IS typically true that the increments have a wider range GENERALLY on higher priced stocks. There are DEFINITE exceptions.
Feel free to buy as you see fit. I've hit the ask a few times in the last few days, but not because of any peer pressure. Everyone should buy according to their own trading style. Hell, it's YOUR money! Definitely don't let someone else who's NOT buying, tell you how to buy your shares!
IMHO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In the price range were in now, trading moves in .0001 to .0005 increments.
Once we get above the .01 it was .001 to .005 increments.
(That is a 100 fold increase!)
At the risk of being accused again of picking on you, please check your math. That is NOT a 100 fold increase. As per usual, I'm sure you'll have a way to justify it, but math is pretty unresponsive to insistence that it's wrong. It's ok. You can admit to being wrong.
EDIT: LOL Picked apart? There is a VAST difference between 10 and 100. In fact, if my math is correct, and I believe it IS, 100 is 10 times 10. LOL
BTW, although it is a rare occasion when I agree with you, it IS true that most stocks over .01 trade in .001 or .005 increments. In fact, some trade in .01 increments. However, there are many that DO trade in .0001 increments as well.
Like I said, we dropped too low yesterday, IMHO.
Only a PERTy sMURF holding us down from .35. LOL
Funny how only 2 MM's are holding it down with such a wide gap between them and the next ask.
If it dips more, I'll be buying also. It's a shame, because we had a nice, steady climb again and it got killed. However, each pullback is just another opportunity. Long term these little bumps in the road don't mean a thing. I've been saying that since we were trading at the bottom and I still believe it. No doubts.
You got some at the bid? I tried. No fills at all. Finally hit the ask a couple of times at .30 and .31. IMHO we dipped way too much today. I couldn't resist adding.
I see someone lowered the ask again. I just wonder if it's someone trying to kill momentum or just taking quick profit. I realize the volume isn't exactly cranking in, but I always find it a little odd when someone decides to sell lower. However, if shares are tight, they could be lowering the ask just to scare off potential buyers. Any opinions?
It looks like .04 is the magic number to break. Only 4 MM's below .10. That's what caught my eye. That and the buying 2 weeks ago. Pretty high volume for 1 day, especially if the O/S IS 8.5M.
That's true, but it seems like someone is playing with it at times. Ask drops after it gets hit. I've noticed very little selling over the last few days. I'm wondering how tight shares are.
Does anyone know if that 8.5M O/S is accurate? This seems to be headed in the right direction. If 8.5M is correct, and it gets some decent volume, it could really take off.
It's just silly for anyone to assume it means something different than what it says. The 40% option appies to the CONVERSION. It says VERY CLEARLY the the warrants to purchase are set at .50. Not only that, but the conversions were capped, which is a VERY good thing, because, there CAN'T be a flood of shares.
"The Note contains 4.99% ownership cap provisions."
That's a safety mechanism to avoid the possibility of a takeover in the case of the PPS dropping to an unexpected level. So, even if ANYONE doesn't believe our interpretation is correct, they could NOT purchase a boatload of shares causing heavy dilution.
Anyway, I have to get back to work. I hope this helped with the "misunderstanding".
I just started reading posts and see there is some sort of strange "misunderstanding", as usual. I didn't really look to see if this was resolved or not.
stock-purchase warrant - a type of security issued by a corporation (usually together with a bond or preferred stock) that gives the holder the right to purchase a certain amount of common stock at a stated price; "as a sweetener they offered warrants along with the fixed-income securities"
NOTES have a conversion option. It's either give me my money OR I want shares now, please. WARRANTS to purchase are OPTIONS TO BUY shares at a certain price. Basically, you get them as a little bonus, just in case the PPS skyrockets, which allows the party to buy shares cheaper. If the PPS is lower than the warrant price, they will just expire, unexercised.
Notice that you EXERCISE you option, NOT CONVERT THEM. Notes and debentures are convertible.
I believe MY understanding of this issue is clear. I'm not a financial advisor or lawyer, so don't take my word for it. Maybe people could do a little research if they don't understand something, rather than jumping to HORRIBLE conclusions and spreading negative rumors.
I don't believe AT ALL that Warrants have some sort of "implied" conversion, based on the notes, because THEY are convertible at a lower price. The notes are done, so they aren't an issue. The warrants will either expire, someone will use them too pay WAY TOO MUCH for shares, OR the PPS will skyrocket and .50 will be cheap. I don't think the latter is a possibility right now.
It seems that every time we hit a lull, it gets worked all day long, which is why we were trading in a channel for so long. It's only when we get some decent volume that normal trading seems to take over. Being aware of this, I haven't been concerned whenever I see it drift down a bit. I believe we'll be seeing the same thing each time, before jumping up to a new level. It's pretty much been a repeat pattern, since the middle of May. We trade a channel, get a pop, drift down, and then pop a little higher. It's almost as if the pops are attempts to shake the little guys out. What I see more and more is how that breaks down the walls to move higher. The resistance gets weaker each time.
I tried a little bid squatting today with no luck at all. It really DOES seem like they want to keep the shares out of our hands. There was no reason for them not to throw me a bone. I'll keep trying. If they're going to walk this down, I'm loading up more.
Unfortunately, there isn't much info available, since they're still in bankruptcy. There was an attempted auction, which fell through, due to little interest, which I find a little fishy. You can get some little tidbits from court documents and filings, but don't expect any kind of PR's any time soon. I assume that today's filing is what caused the excitement.
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=6827434
However, if today's buying is any indication, you may very well be able to get .02 or more for your shares. In May, there was a slow climb to .11. It actually started with a day of trading almost EXACTLY like today. Just take a look at a 6 month chart.
What's going on? Lots of buying all of a sudden. They drove it down recently. Looks like someone sees value. It did seem to be a little low the last couple of days.
If that's what was happening, I revert back to my original comment about putting in only small orders. It would appear they are only willing to fill larger orders selectively, since we saw a few much larger orders than yours go through on Friday. There is no doubt there have been some highly suspicious patterns on this stock. We traded a rather narrow channel for quite a while, no matter how much volume went through. During that time, it was as if MM's were taking turns, loading up slowly. It was only on days when high volume hit quickly that they allowed the PPS to move up. Then we had 6 days of nice upward movement. Since then, we're back to trading a channel again, but it appears they're selectively filling orders. Anyway, I hope you get your shares, unless you've given up on trying.
What broker do you use? And is this the first time you have encountered this type of situation?
Not only that, but when using AON, and placing a bid, they seldom show it and will DEFINTELY trade around you. Of course, sometimes, you'll get a pathetic fill totalling $10 and have to pay commission for it.
Those MM's and brokers sure do like to play games, don't they? It's a good thing the SEC keeps such a close eye on them. LOL
If you have AON on, I'd suggest taking it off. You might get filled in some of these 300-500 share blocks that are going through. Since the ask is .275 right now, you might have better luck moving up. What's another $20? If you still don't get fills, I'd split the order in half. There's really NO reason why you're not getting filled. Also, you might be surprised what a call to your broker might do. NITE or someone using NITE is obviously picking up all the crumbs they can get, even at .26 today. I've been traded around quite a few times on this stock, which is what's being done to you today. However, if you have AON on, they can do that with no problem at all.
Glad I bought more yesteday at .28. Now we'll find out if they box us into a channel again or let it move up. I want to see a nice, steady rise.
Much of that kind of crap is for those who do not have level 2 and only see the current bid/ask. Not to mention attempts to mess up the chart with fat finger sells, like we had the other day. Unfortunately, too many people believe that the markets are NOT being manipulated, so they are easy to fool. We will see what we've seen for quite some time here. Every time there is a lull in the buying, there will be a tiny sell or two to encourage selling. Sometimes it actually works. Every wall we saw on the way up here was broken down slowly that way. Remember when we had a HUGE wall on the ask at .18? Then .20? Then .22? Etc. They have done a fine job, provoking sellers on the way up. Since we've dipped a little over the last couple of days, I'm sure they expected to see more selling, but it hasn't really worked. I take that as a very good sign that we don't have many flippers playing this one.
It's hard not to laugh at the way they play it. Ask is .28. Next in line is .314. .034 or more than 12% higher. 3 bid squatters at .27, so we have a penny spread with good bid support. A few buys at the ask and someone slaps a $36 sell at the bid to drop the PPS 3.5%. It really IS amusing. A little decent buying and we're at .35 almost immediately AND the next real wall I see is at .45. It's just waiting for some pressure. IMO, it's definitely worth loading up more at .28 if you can get any. But only with small buys. Don't want to send them scrambling up too quick!
I assume the same thing about AON - that it's automated. However, an alert is sent each time the order is changed. Maybe they receive some sort of notification of it being excessive? I have no idea. The first time I did it was just out of frustration and it worked. Since then, I've done it on other occasions, when my orders aren't being filled and it has worked for me, occasionally. Sometimes, you just have to do whatever works!
I've had the bid drop below my price many times on this one with no fills. One day, I put in an order before the market opened, and it sat all day, even though my high bid didn't show and small sells were going through all day long. I've had better luck placing small orders. Every once in a while, they might throw you a bone. Been in and watching this one too long to play their games. If you hit the ask, they drop it down, which is a little frustrating. So, I just put in an order and let it sit. BTW, sometimes, when I get really frustated, I'll change the order to AON, then take the AON off, put it back on, take it off, etc. I do that 20 times or so and then they fill my order just to get me to stop doing that. LOL It's been harder to get shares on the dip IMO, because it's total BS. Just scare tactics. I'll bet a sell order would be snatched up within seconds!
Typical manipulative move, since so many people only look at charts.