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I do think investors will realize how cheap these shares are once we get the news out, not very many penny stocks with this low of a float. I am looking forward to some huge gains with MINE, could be one of those instant wealth makers for a smart investor. JMHO
I think way too much emphasis placed on timing, If it's good news just get the news out when you have it, shareholders and potential investors need to know and I have yet to see the big difference in release dates. If it was my company I would be looking at momentum, which is a huge factor in increasing your pps. JMO
It would be nice if we get a pr today kk.....
Good news would seal the deal ....
I think we need more news and volume to kick start this again.
Not a bad close, huge gap on ask..
Nite is controlling the bid and ask, big gap on the ask...MM gaming right now..
Just contact the transfer agent by getting on their website and under Investor you can get the contact information. You, as a shareholder will have to send a written request (e-mail) for the stock information you are requesting.
Transfer Agent
Island Stock Transfer
100 Second Avenue South
Suite 705S
St. Petersburg, FL 33701
This is what I received back after my inquiry about potential naked shorting of MINE.
Thank you for submitting your online contact to the Securities and Exchange Commission's Office of Investor Education and Advocacy. A representative of the Office of Investor Education and Advocacy will respond to you shortly.
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The bids are stacking up nice, good news this will fly...
Consolidating at these levels for a few days may be just what the Doctor ordered. All healthy stocks have it, we are just looking at the rebirth of a new company, new management and business plan. The way the last PR was worded you know they have more good news coming very soon.
We will see so many eyes on this soon they will be cross eyed....
Nice!!! Still cheap shares at this level
If we knock those 7's out clear sailing to .009
They just wouldn't take my after hours bid at the ask, wonder why? Will have to check that out. I still believe there are some naked shorts out that will be covered..
Your reading my mind, take profits to protect cash flow for trading but excuse me, that was done after the first 100% gain. I am now following the company's agenda which is creating shareholder value which will increase company growth if they have the right management to move this forward. This is not a P/D in my opinion as I have invested in P/D's before for the quick gain, this has several legs to go.....Thanks for the new moving average, we should soon see that as a history lesson. GLT
The chart is trending in the right direction, not a bad day with no news, getting more eyes on this stock. Up 700% since profiled by StockProfiler, they did C*** at .005 traded as high as .045.
.0074 x .0082 maybe see some action at EOD here, MINE is looking really good today, .0082 went off''''' With some good news we should take out the 200 day mva of .0147
TAKE A LOOK AT MINE CHART
Well look at what Monday brought us, we now have new resistance at .01, should blow through that by midweek, then we will take out the 200 day moving average of .0147. With good news and buying we should get this rocking up to .04-.05 soon. JMHO I am holding for over .20, you may think I will be holding a long time but I just don't think so.
Absolutely not, just the opposite, I think they will be accumulating but it's not my call. I know where I stand and that's all. I am following your trading logic, it will not be a big sacrifice of shares to recoup your initial investment with a higher pps, Monday may set the tone for the week and may in fact develop a higher base for MINE pps. When a stock is moving in the right direction and with purpose I buy on the way up as well if it's not a P/D which I do not feel this one is, it's more like C*** or IMO better.
Don't have any idea what happened to that post, was supposed to read Oct 11th,2011 pps high .22
Mine peaked out in October of last year, this year more news, CEO, low float and momentum....This stock can outperform last years high IMO...
Oct 11, 2011
Open
0.22
High
0.22
Low
0.18
Close
0.18
Volume
10,100
If they don't hold they will be out some huge percentage increases in PPS, this is just getting started and we have several more legs to go. We could see the 52 week high sooner than later, safe to say IMO. I am going to hold the majority of my stock for a minimum of 6-8 months with some trading on the way up....It's not how long you have been here it's how many shares do you have.....Chartwise and kkmoney know what's up, I don't believe they will be leaving anytime soon, IMHO....
I agree, but they have to change the current business model into more of a holding company and acquire more assets that can generate significant revenue to justify the increase in pps. I believe the new management will power through and make a huge impact on the company, the timing is right and with the right acquisitions/mergers we could see that in the very near term. You just can't predict until the deal(s) are done. Pennyland is sometimes like Wonderland, make believe....I, however would not be holding this stock if I felt the latter. They are looking into the enrgy/nutrition drink market which is huge. If they can find a niche product this could fly soon. At these prices you should jump on this based on new management, new business model, a 200 day moving average of .0147, volume and momentum. Some great bullish indicators...JMHO
Thanks, your very kind. I just have trouble with B.S. post's either going to pump or discredit a company. Boards should give accurate and yes at times predictions that are research based but not a "sure" thing. We have all read that garbage and we know when a post is made for either reason. Some new investors may buy into it and either buy with limited time to do DD or in good faith believe the post. They may also sell based on a post fabricating company facts that do not exist, just to get a lower pps for themselves. You can see this happening also with short investors. JMHO
Totally agree and I think you are more savvy than you let on but it's better to learn than to think you know it all, I love to do research and have the time to do it. We are all beginners at where we left off. I have made numerous trading errors over time and thought I knew more than the last time only to get duped again, I have and will probably keep paying for trading lessons but it's like playing chess, you think ahead at all the potential moves and you may still end up losing. Good thing I have won a few games just to keep playing. GLTY
This is wide open after .005, .01 should not be that difficult I am thinking at least the 200 day moving ave of .0147 early in the week. JMHO
1,500,000.00 .0046 x 1,063,000.00 .005 enough at the bid to take out the 5's if the order would uptick just a bit.
I will find out if the float has risen and post it if it has. Otherwise I believe the phantom shares have some accountability:
"Brokerages can't sell what they don't have, so yours will either have to come up with new shares to borrow, or you'll have to cover. This is known as being called away. It doesn't happen often, but is possible if many investors are short selling a particular security."
Always loopholes with MM's but they could get caught in a squeeze with enough buying pressure at the ask.
Read more: http://www.investopedia.com/university/shortselling/shortselling1.asp#ixzz27mkfkSiT
Over 19 million shares have traded since Monday with a float of 15,426,922 and that is not including today's trading.....
Hi jonblair77,
With this float do you think some MM's have some shorts to cover??
When they start covering all hell may break loose on this one. I think they are picking the wrong stock to short. I know I wouldn't.
Float 15,426,922 a/o Mar 07, 2012
Here is the information from pinksheets.com
You think there might be some naked shorting going on????
MINE Security Details
Share Structure
Market Value1 $325,374 a/o Sep 27, 2012
Shares Outstanding 79,359,509 a/o Jun 19, 2012
Float 15,426,922 a/o Mar 07, 2012
Authorized Shares 1,175,000,000 a/o Feb 16, 2012
Par Value 0.001
Shareholders
Shareholders of Record 68 a/o Oct 14, 2011
Security Notes
Capital Change=shs increased by 6 for 1 split, payable upon surrender. Pay date=05/21/2010.
Capital Change=shs decreased by 1 for 150 split. Pay date=02/13/2012.
Short Selling Data
Short Interest 297,000 (197%)
Sep 14, 2012
Significant Failures to Deliver No
Transfer Agent(s)
Island Stock Transfer
Here is a site to learn about short trading, not recommended with a stock that has a small float that is why anyone shorting this stock will probably take it in the shorts..LOL This stock has a ton of legs yet to grow..
http://www.membersvest.com/short2.html
As defined below naked shorting is illegal, I am not against all short positions, just naked shorts..
Definition of 'Naked Shorting'
The illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But due to various loopholes in the rules and discrepancies between paper and electronic trading systems, naked shorting continues to happen.
While no exact system of measurement exists, most point to the level of trades that fail to deliver from the seller to the buyer within the mandatory three-day stock settlement period as evidence of naked shorting. Naked shorts may represent a major portion of these failed trades.
Read more: http://www.investopedia.com/terms/n/nakedshorting.asp#ixzz27iv1bk3E
It is not even legal to do it, so their is no timeline, regular shorting is a different ball game and you can short the stock if their is enough inventory. You can look up shorting a stock on the web and get a ton of information.
Sirant, When it's all said and done I expect this stock to fly.
We will see more volume with more eyes, most of the new buyers are holding what they have and waiting for the resistance to be broken, then buying on the way up will start. When the company releases more news, just a few seeds have been planted so far, we need the meat of the PR's to hit. I am not even going to tell you how many shares I own but I have the opinion some naked shorting is going on and I have informed the proper authorities and will be making more calls in the A.M. Naked shorts just P*** me off!!!!!!!!JMHO
You just never know what's behind certain MM's short selling.
"In 2008, the SEC banned what it called "abusive naked short selling"[2] in the United States, as well as some other jurisdictions, as a method of driving down share prices. Failing to deliver shares is legal under certain circumstances, and naked short selling is not per se illegal.[3][4][5] In the United States, naked short selling is covered by various SEC regulations which prohibit the practice.[6"]
They took my bid out at .0042, now I have to reload and start over, such a pain in the *** LOL
Their was a 5 trade after hours and then the ask went down to .0049, I am dangling a .0042 bid just to see if I get hit.