is a slave to the man...but not for long!
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TFBN picked up a trial size today. Over 500 million in volume yesterday. This will be moving soon IMO.
Does the ibox show the post reverse split share structure???
Agreed. I noticed that also. The Form D solidified that feeling because KATX filed one in October 2009 and went on a huge run after.
New investors are holding for a drop in pps. Should see green in the afternoon if we hold above .002
What's the deal with the reverse split 8-k that was filed?
I just started looking at NeoMedia. When is it supposed to go into effect?
CNEX has strong chart indicators. Should see .01 again soon.
GM ALL!!!
PLO - where did you get this info?
I called transfer agent on 4/9 and was told float was 2.022 billion and change.
CNEX occasional pullbacks to creat support. UP OVER 100%
CNEX very oversold. Plenty of room to run!!!
Looking good!!!
CNEX coming off bottom bounce up 15% on above average volume.
CNEX .0013 SEC Form D filed and it appears company is done with first round of financing. Check it out!!! Could shoot up quick!!!!!
Wild a$$ guess???
Lol
Thanks for the update smitter!
I'm not grasping at straws. Do you understand the definition of discrepancy? The share structure has changed since December with no explanation. Am I wrong?
definition, discrepancy - a conflict or variation, as between facts, figures or claims
Can you explain the changes in o/s?
I don't have all the answers. Perhaps you're right but my point still stands that the float will not change until the shares have been returned to the transfer agent.
There are discrepencies in the share structure and that has been evident since January.
Share structure does not change until the company returns the shares to the transfer agent. The main point of the PR was to confirm the company is not diluting.
Good Morning everyone!
According to the filing the company started selling around 10/16/2009 and the stock price dropped off shortly after that then rebounded. My understanding of Form D's is not extensive but I know that most states will not allow a company to issue it's stock below par value.
CNEX's par value is .01 so my logic is that they cannot sell for less than .01 and who in there right mind would invest $5000 to buy stock from the company at .01 when it's currently trading at .0012. I think we have to rebound above .01 before the company has a chance of issuing more shares.
We all know that every stock has it's own charecteristics but I would like to point out that KATX filed a Form D on 10/16/2009 and we all know what happened after that.
This is all my opinion and I'm only speaking from what I've learned on my own with no formal training.
Form D filed with SEC 4/20/2010
http://www.sec.gov/Archives/edgar/data/750455/000075045510000001/xslFormDX01/primary_doc.xml
Actually shorts can be covered by other shorted shares.
Trader A shorts 200,000 shares at .0017 then sets a buy to cover order at .0014.
Trader B shorts 200,000 shares at .0014 which are used to cover Trader A's short trade.
Just got back from week long vacation out of country and this was a GREAT surprise. GLTA!
WTF? I leave for a week and I come back to CNEX at half the PPS. Oh well, guess I'll have to buy more. Glad I didn't do it before I left. GLTA
Boring afternoon...
If we can hold 14 and close at 16 or higher will look much better for next week...
Possible double bottom bounce.
Looks like a lot of current liabilities out there from the last 10k. Also recent filing shows a foreclosure. They've definitely got some fundraising to do. Should have some jumps in there. As always take profits when you can. I've been picking up 2's hear and there and now sitting on the bid. She'll run eventually...IMO!
Just called transfer agent...
Authorized shares - 10,000,000,000
Outstanding shares - 2,022,307,216
Morning selling should lead to afternoon green...hopefully!
did you mean 20 billion, not 20 million??? they have over 1.6 billion shares outstanding so the a/s has to be higher than that. I guess there is no updated info on that.
Thought it was strang that a/s on Sep 2009 financial filing was 600,000,000 and the 8-k from Feb 3rd show 1.6 billion outstanding. No filing for increase in a/s???
CICS on watch for bottom bounce.
Agreed, hoping to pick up more .002* before it runs but not sure that is going to happen.
If PP?E can hit .0007 HMIT can go higher. It just takes a little time to get it off the bottom.
Must be a lot of chatter this morning because those weren't here at 7am.
Does anyone know what the authorized share count is?
We'll see what happens tomorrow...goodnight all!
12 mil form t at .0032
Good morning everyone!
AMA, CNEX might be a strong runner. Looks look company fund raising is over.
Up 75% since April 1st.