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Primarily, I use TDA and Quotetracker which they own. I get L2 on all the non-penny stuff, but can't seem to get a hook-up for pennies. Are there any TDA people who do get L2 on the pennies??
Sorry, was away and must of missed something. why did that woman call DB? Is there something with her company's name on it?
Fink, I don't know if you have ever read it or listened to an investment webinar, but if you haven't, I'll tell you that the one of the biggest obstacles a trader must overcome is FEAR. If you were out at .0165 and back in at .015 you would be slapping yourself on the back now, but the fear of this going farther stopped you.
Your a decent guy sleepin, and intelligent, but your trying to convince people who are emotionally involved in something that they are incorrect.
Like I said, yes it does. The problem is finding "the one".
I'm not certain about the 8k but he would need to put out a PR. Depending on what rules you reference, times frame is between 24 and 96 hours.
Over the years there have been numerous stocks that have started down in the penny range that went on to be succesfull. It's not so much that a "stock" went up as much as "what kind" of stock it is and what caused the price to rise. If your a pharm. or bio Co. and one of your drugs get FDA approval your gonna get a pop. That's probably the most frequent case that you will see, but it can and does happen in other industries also.
You can't get a reliable answer from a bear, a bull, a duck, a cow, or a parrot. Only one guy knows what is really going on and he isn't talking, and from what I have read here, he isn't even in the country right now. Hope this helps.
Art, MM set the intial price, the market/public takes it in either direction after that.
there's probably multiple reasons, but I think if you look at the venue your involved in, it's where it should be.
Thanks, will do.
Correct Robin, but you post about a "supposed update" on monday it just adds to more speculation and in some sense puts up another "mythical" deadline that some people will use as indicator of action they should take with their shares. If nothing happens, "it's here we go again" and people bail based on something that really was never in the cards at all.
Sorry but I disagree. I don't think that the rule is fair at all because it leaves too much to the imagination and a big window for an attorney to open up and get out of without being held liable. This is my first foray into Pinkyland and I am amazed at the drop-off of transparency between the big boards and the pinkees. Though all kinds of trading shenanigans go on with the stocks traded on the majors, there is somewhat of a line that is drawn in the sand that these guys know that they cannot cross because they know the SEC is monitoring the trades daily. With these pinks, its pretty much up to the shareholder to be the shareholder and the regulator at the same time, with not much help coming from the SEC or the folks who run pink exchange.
An attorney can make a statement on behalf of security based on an oral report from the issuer. Therefore, the attorney has a "built-in" escape route if things go bad. Real Simple; "he told me so".
MD, if this turns out to be a less than credible enterprize, there is only one guy going down and that would be Dean. My DD tells me that the attorney has some leeway concerning his actions, and the other fellow Ray doesn't appear to be heavily involved at this point. The Feds always grab the underlyings, squeeze them by the testicles, and go after the person or persons who profited the most. Im not saying this is the case here, but I can tell you that that is how the Feds operate based on my experience with people I know who wound up "in college" as we say in these parts.
You can't get this kind of entertainment buying Google!! You get all this for less than 2 pennies!!
IR has made it clear that there will be 2 press releases. The first will state the date when the press release concerning company information will put out. Again, the first PR will give the date for the second PR, which is the informative PR. There was no indication from IR what type of information would be in the informative PR.
Yes, that would be nice. I would like to see him acknowledge the shareholders some way, some how in the near future. Personally, if I was in his position I would, even if it was to just put them at ease a little and give them a somewhat of a sense where this thing is, or where it is going. I think that saying nothing doesn't necessarily mean something is going wrong, but there is no denying that keeping silent is having a negative affect on the PPS.
Ok, we will call that the pre-PR 1, the next pre-PR 2, and the following one the Main PR.
Next week is a really bad week for business, there won't be much going on. You can look for an initial PR during XMAS week, but that too goes against the grain. I think post 1/1/2010 is more logical.
There is a post from yesterday about 10 AM that included an email the poster recieved in response to an email he sent to IR. The email stated that any upcoming information will be issued via a PR after an initial PR that will indicate what day the PR concerning any announcements or updates concerning the company will be. Basically, they are saying that if we have something to say about the company, we will issue a PR telling you when you can expect that PR. There will not be one PR that discusses the company before the first PR comes out. The first PR will give everybody a clear indication of when to expect the 2nd PR. Getting the first PR will not mean that the 2nd PR will be an announcement that everything has gone exactly how you were told it was going to go, nor will it say that Dean has run off to Germany with the company's money. Only God knows what will be in that 2nd PR, so unless any of you fit that description, I would not spend to much time speculating what is going to be in that 2nd PR.
Good post, well thought out, good DD.
the 1st and 2nd paragraphs are from hortus? yours is the 3rd?
Who is desperate? And what are they desperate to do?
I live about an hour from AC, I think I slammed them for about 30 bucks about 30 years ago. Zero since. Did get some free rooms and dinner comps though.
That's the pattern for most stocks when they start a run, wether penny or one of the major exchanges. You get that 1 or 2 day pop then you take some profits. Some fizzle after that or run sideways, or even down, and some continue to rise but with some bads days here and there. If you took all the stocks traded in the US, you would have millions of chart variations all with their own unique signature.
Jr, do they give the total float also?
Parker, take it from somebody who had that same sort of attitude about another stock that wound up on the bottom of the ocean, if that happens to this stock, like myself you'll be sitting there shaking your head saying "how can I have been so effin stupid". And the really bad part is can't can't call anybody and scream at them or ask for your money back.
Not Quasarville, US Yes.
Put it this way, the people who run the quote system for the pinks are a private corporation with no policing powers, and when you read their regs they tend to defer to the SEC. On the other hand, the SEC is federal regulator that has the power to lock you up, put you in jail, and hit you with a big fine. If I was calling the shots I would definately go with the 24 hours and play it safe. (see martha stewart)
I know this is Quasarville, but in the United States you can't hold back information and do insider trading. If something like that happened everybody who sold within that 4 day period would have a legitimate case against QASP for damages. Like I explianed yesterday, the Pink Corp. says 4 days, and SEC says 24 hours for notification of an financial event or an aquisition. Under NO circumstances can anybody trade unless all information is disclosed.
There is nothing to criticize Keith, the PR makes it very clear, the money will be in the bank tomorrow and the aquisitions will commence immediately.
I wonder where they are getting them from? They sure as hell didn't buy them high with the intention of selling them low. Or, they bought them low a while back and are dumping them now. Buutttttt, they could have sold them last week for close to double the price. Interesting!!
I use TDA, and if my bid isn't somewhere between the spread the trade won't execute. You need to stay between the B & A unless you have the ability to route the order to a specific seller who is quoting that price.
what's the B and A on your screen?
It's typically done so that the SEC can look at the situation and see that nothing crazy is going on and everything is on the up and up. Say some clever scammer get a stock to skyrocket based on some scam and it goes from .04 to $1.25, would you want to find out it was just a scam after you just bought at $1.15. You don't need to answer.
Yes G, it's 24 hours. That's to stop a flurry of insider trading before the public gets wind of what's going on. Look at this way, if it's neg. news the insiders can get out at the current price for a day or 2, and if it's pos news the insiders would load up at the present price for a day or 2 before the news hit. I don't think this is a halt trading stock, I mean who knows what affect the news that a company has just borrowed 350 million dollars has on a stock price. I've been involved with 2 halts for negative reasons and I can tell you, that ain't no fun.
You can walk your own line here bucket, just make your final decisions based on how you feel about the information you have or lack thereof.
Gappa, you are correct. The SEC requires disclosure to shareholders of an event like this within 24 hours or if on a friday, to the next business day. The Pinky crowd, which by the way is a public owned entity, gives them 4 days to inform the public. Under know circumstance can company insiders trade before the public is informed. So, if they get some monday on monday they need to let the public know. If they don't put something out tuesday that means no money monday, if nothing on wednesday, that means no money on tuesday, and so forth and so on. No PR saying we have the money, A PR which will also have to include the details and proper ID of the lender, then no aquisitions. No conspiracies, no fearmongering, he's asked people to trust him, and now he has to show that he was worthy of being trusted. We shall see.
That is not legal, that's called insider trading. As soon as information is sent to anyone beyong the principals, or to folks like MM's of financial advisers, the same info must be passed on to the public simaltaneously. The info must be passed on to the rest of us within 24 hours.