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why is it running? news yesterday, but today it was a steep jump
i like how its up 14% on 21 million volume. imagine if it were 40, 60, or 80 million. now we are talking a possible 50%-75%
The number of outstanding shares of the registrant’s common stock as of February 22, 2010 was 616,116,231.
which means they have diluted almost 475k shares... dollar wise at say an avg price of .70 is about 330,000. may i ask why?
they supposedly have 50 million bucks at their disposal?
no updates yet. last i saw they were still in court
kaboom now... why the f is it up 100%
yep that means ANY GOOD NEWS and we fly easily.
but you must remember... that year high of $1 was for the adjusted split as well. the highest pre split was .02
i would buy. the potential of this stock definitely outplays the risk. as i said before, everything i have read has looked good (other than a few items). this could easily, after approval, be a 3-10 dollar stock. especially when they get it out to market. if it fails, we could easily see 25 cents if not less.
if they were paid with shares as compensation for back pay, that means THEY ARE ALREADY HOOKED UP.
with 800 million less shares... dont forget that too.
so all in all, is this good or bad, or no effect?
yeah just a smidge. it still will take approx 7 days to cover though. that part i like.
man i hope news comes out so those shorters get screwed!
yeah... i am giving a scenario.
if say afer the market closes at 8:30 PM they come out with a PR saying it was approved. I say it instantly gaps the next day to 5-7 or more a share. but if it comes out that the product has failed, i say it gaps down to 20-30 cents if not less...
thats a big deal lol... at least in my book. my 1,000 investment could range from 327 to 6550. i am hoping for the big one! haha
here come the shorts. here come the shorts!!
im thinking today is not going to be a high volume day... therefore this will make the price go down and i will be angry. i hope they approve this. the company needs it. as someone said earlier, i cant see them lasting if its not approved.
who said that i dont own that many :p
and as long as the wind is blowing at my back then i am fine with it!!!
i put my sell order in for $150!! haha.. is it true that if i put my shares on a limit order to sell, they cant use my shares to short?
can someone explain to me how these shorts control the stock? i know if you short a stock you "sell what you dont have" and then have to rebuy at a later date... but i dont understand how it can be that bad for this stock? please explain!
yeah i know... i read that wrong... well i thought we were creaping up to what seems to be a resistance point around 80-82 cents ish, but after a recent trigger of what i am assuming stop loss orders that just kicked in, we are going down fast
what do you mean?
charts look fine to me... all we need now is buying pressure... which i doubt we will get...
whatever price it is on or before march 15... financial day baby!!!
well remember.. it bounced from .62 to .92 this morning on 2-3 mill volume.... i am very skeptical
i dont think this is a head fake. look at the filings that came out.. it says the FDA told them it was ok to speed it up and that their numbers were significantly better than the rest. if this thing gets approved look out. $5+ or better!!!
i am kinda scared on what today is going to bring.. i know pre market trading you can get some idea of where the stock is headed, but this is rediculous... going up to 92 cents this morning to below 75. thats a large gap.. any idea of what today will bring??
ticking down fast though. earlier it was up around 92... now that the market is open she is tanking again.
yeah if they dilute more.. thats why they want the increase in a/s shares. you figure going from i think 800 mill to 1.2 bill.. 400 million shares even at a penny total 4 million bucks... just think if it were more.
so what will the ppd mean. think tomorrow she will go down more? also what was with the after hours trading? i dont get it.
finally, can anyone give me an update on the a/s, o/s, and float? i am still not understanding why they want to increase the a/s so high. didnt they just complete a 30 million or so dilution spree? what do they need more money for?!!?
please post link. im stupid and cant find it
where does it say that? and why would they want to increase shares? are they seriously that low on funds just after selling 30 mill?
just bought some at .7555
can you explain what that means though? i do not understand.
i am not understanding what toxic financing is. can you explain?
i think we will be alright. solid financials should speak for themself. if not, then i guess we will go from there.
according to my etrade account. reuters did a report on 2/3/10...
Float (mil) 29.465
Common Stock $0.001 Par, 11/09, 500M auth., 47,295,646 issd. Insiders own approx. 37.7%. 10/09, 1-for-50 reverse stock split.
price seems to be holding steady at .01
i am going to say they are being sued! but over what that is the question.
my guess?
o/s 75
float 53
no reason behind it. i just have a hunch.
sad part about it is when the financials come out, it still wont say the exact share count lol... they will tell you what the shares were at 12/31 probably.
i said the float was 50