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ETMM showing 9,200...
Hopefully, the real amount of shares this time.
Usually, 5k on either the ask or sell side can mean:
1. Actual amount of shares for sale
2. Short-selling
If 5k+ is bought or sold and nothing moves it can mean:
1. Short-selling
2. MM's buying or selling to one another to increase volume
3. MM's are replacing shares immediately as they are bought or sold
Either way, QSGI is headed up and Q-off is near.
GLTA and GO QSGI!!!
I laughed so hard when I saw that picture...wow lol
They always said that Fridays were interesting in QSGI land.
Your definition of accumulation is a little more bold than mine, but much appreciated lol
Very nice acquisition of shares and for everyone else that got in big this morning on the low prices set forth by certain individuals.
GO QSGI!!! woohoo.
106,400 SHARES BOUGHT ON THE ASK HOLY...
bid and ask tight and moving...
See how long it holds :/
Got to see that this morning...
and some people with big wallets picked up the pieces ;)
...honestly, that is all I really expect of people.
Whether it is good or bad news, you should always check everything out yourself and I respect you for that.
I never tell anyone my motives, how many shares I hold, etc.
I will just say I have shares in the company...that is all.
...and honestly, it isn't as bad as some people are making it out to be.
They had better net income this quarter compared to last year's same quarter, all shares are remaining intact as already stated a million times, the company is hiring highly educated and successful sales representatives, and they are emerging from bankruptcy with no debt.
What more do people want from a company in this situation?
lol...some uneducated individuals seem to take advice from people that they believe they can trust.
A real investor would have read most of the 8K and interpreted it instead of hearing shorts bashing on it like it was the worst one that has ever come out in the history of stocks...which it is very very far from.
They make a profit while in BK and some special people think you should avoid it like the plague lol...just dumb.
If anything, this is being coordinated by a group and they will gladly take all your shares for themselves :)
Not sure why "you know who on this board" states how the revenue is lower this year than last year like it makes a difference since net income was higher this year for the quarter.
Come back when you get an Accounting Degree of some sort like I have and then we can talk numbers.
You spit out random garbage such as revenue and employee salaries when it specifically states capped salaries per month based on company profitability (net income before employee salaries), not gross revenue.
Also, if numbers started going haywire like some recent companies have, the SEC would step in and shut down the trading which could lead to a lawsuit.
Also there are limitations on the selling of the company's employee's shares.
On top of that, they are now hiring employees that are overly sufficient for the job of acquiring clientele for increased profitability.
QSGI once traded on NASDAQ!!! Why would it not trade there again? I am sure they could find a way back there if they did it before.
Do as you please everyone, but do not let people spit out numbers and voice opinion about the numbers as if they are facts.
It is quite apparent that most people do not understand how to read an 8K properly and then spread false information about it and get noobs to sell their shares.
I'm not depending on the 8-K to make this fly, but it would be a nice precursor to July 7th or 8th...and no, it will not make me pull the sell trigger since, to me, this is not one of those random stinky pinkies that have the standard "buy on rumor, sell on news" written on them.
As was my understanding as well that an 8-K would be coming out today and possibly another 8-K coming out after the judge's signing off of the plan (Closing Date) to signify and give a definitive "yes" to QSGI coming out of BK status.
loving the fake walls >.>
5k at the ask on .24, 1k buy goes off and all of a sudden it is at .242 lol
Just a personal thank you...
to Jaxstraw for putting up some actual filings that give a decent picture of the share structure (authorized, outstanding, restricted, etc.) for QSGI.
If people actually read the court order about that 2 Billion A/S, it was to be applied AFTER July 7th since nothing drastic can really change while in BK.
As stated, the 2B A/S would be for acquisitions and most of the shares that would be distributed after July 7th would be restricted and subject to strict rules on when they could be sold.
Nice try for everyone who was trying to make this company look like it is less than what it really is and was bad-mouthing it, but most of us know what we hold so good job folks!
GO QSGI!!!
wow...someone is trying to trigger stop losses to pick up shares it would seem...at least from my point of view >.>
...or do an early paint job.
I'm sorry...I should clarify myself. When I say MMs setting up, I mean people that get routed through different MMs are setting the ask up for ticks instead of gaps.
...and MM games? I don't blame anything on that since it happens every day on ever stock no matter what so whatever happens will happen...it comes down to a mixture of retail and institutions all combined into one messed up stock psychology.
MMs seem to be setting up for a multi-tick run if people are willing to buy. NITE still playing around, but now on the ask.
Watching the L2 and NITE is hopping in and out of the bid like every 10-15 seconds...auto glitch? or someone playing games?
Honestly, this is a serious investors dream today.
People sell on the news, MMs help out a little bit by doing the same to make it look like it is headed down...
...then big investors come in and accumulate all the cheap shares by the end of the day and the next day it goes big. Cannot say that is what is going to happen since I'm not a psychic, but ya never know ;)
I'm excited! Not sure about everyone else though.
All I can say is that I am happy that we are at least on track, the merger news came out, and I'm just waiting it out like everyone else.
...and once July 8th comes around as Marc Sherman has stated will be the earliest...and is pretty likely...date that this comes out of BK status...there will be no excuses left and the true reactions of investors will be seen.
Yep...agreed! Legal institutions don't take chances...there is a reason that most contracts that involve high-impact decisions are several pages long...it is to cover a lot of butts.
People must understand though that the company WILL be coming out of bankruptcy soon...already got the merger news on paper...now we just wait for people to take that in and then wait for more news.
If the company expects to be like the old QSGI, they will work for either CURRENT INFORMATION status on the OTCBB or OTCQB I think and then head to NASDAQ asap.
Ya, I'm not sure why people thought it was coming off today.
If it was out of BK status, there would be no reason for the upcoming court conference thing.
Why would they be allowed to come out of bankruptcy just for the court to disagree and put them back into bankruptcy...too much paperwork...not that the court will have any reason to hold them back...just common-sense legalities.
Once they are officially on track with what the court sees as "progress toward profit-making" including the merger...which is part of the re-organization, the "Q" will come off.
Soon people...soon.
Not sure who is looking at the L2, but even though this is having a pull-back, people are still lining up at the bid as we speak waiting for impatient schmucks to hand over their shares.
The time is coming for big ups, just not sure when, but it is soon.
Did I miss something?
I just saw 1 bid retraction, 2 ask retractions, and CANT left.
...and 16k shares bought at the ask.
There is one lesson in all of this
The more you buy now, the more money you will make when you sell it.
-simple fact-
It is a sign that CANT is short-selling or is simply automatically replenishing shares as they get bought.
I can't be sure but...
it would seem shorters have now joined the group on the ask
UBSS seems to be the major one with NITE and CANT to follow.
Once again, I can't be sure but they are either short-selling now or trading amongst one another...gonna be games through lunch.
Volume will probably pick up by EOD like usual...just have to sit back and enjoy the rollercoaster until news :)
.261 x (.275 / .2779)
ETMM seems to be a retailer attempting to make UBSS knock down their sell so he or she can get in at a cheaper price.
now back to .261 x .2779
People are playing games now with their orders.
Edit: UBSS moved bid to .265, sell hasn't changed.
...and we got the uptick to .2779...lets see if someone puts in a downtick sell now that volume has come in >.>
I just don't understand the mentality that you know people are willing to buy at .275, yet you drop it to .27 just to be a douche nozzle >.> wtf is wrong with people these days!
lol they filled you immediately...with shares that weren't even on the L2...wow >.>
You would swear that nobody wants this to run...but it will soon.
People get filled at the bid for like .20 and flip it at .21 >.>
...really
Can't wait for this thing to get huge volume soon so we can wipe out the sad flippers ;)
GO QSGI!!!
So far, an interesting morning. I've got my shares and am ready to rock and roll ;)
$8,050 wall set up at .23
Wonder if someone with some cash will see the huge potential this has and take it down.
Going to become crazy as this inches closer to June 18th.
GO QSGI :)
Edit: Instead we get a bid whacker.
People are too busy right now with money tied up in runners...once we are closer to June 18th, it will be more interesting.
Until then, it would seem that MMs will play games and more people will get impatient and try other plays before they head back here.
Either way, this can only go down a little while also having a massive unknown upside.
I know that it isn't going to stick at the open, but I love how the L2 is showing the ask at .30 at the top.
Only thing we can do now is either pick up cheap shares or wait until there are none left and people have to go higher.
GO QSGI!!!
lol we have the reverse painter this week.
Painted 100 at .22 instead of at .19 like usual...good sign.
GO QSGIQ!!!
Big end-of-day volume...smart investors it would seem. At least we are weeding out the people that have almost no idea what they are doing lol.
Being given an increased Authorized share amount by the courts allows the company to have a little breathing room to issue shares to settle debt with the always open point of being able to buy them back in the future.
Increasing authorized shares allows new shares to enter the market for new investors since the legacy shares currently being held while this company is still in BK status would be the only way to trade QSGI/Krusecom initially.
The company would need to increase the float if this thing is going to increase in price toward uplisting to a higher exchange, decreasing overall debt, and maintaining multi-million shares-traded days for the overall increase in market capitalization. It would seem their goal is to make it to NASDAQ eventually.
...and on top of that, they are only allowed to issue up to 10 million shares for working capital. The rest of the shares...that don't even add up to 2 billion are 190,000,000 to Krusecom, 3,524,000 to Kaufman,the lawyer...10,000,000 for Allowed General Unsecured Claims, 2,250,000 to key Third Parties, and 425,000 to Preferred Share Holders.
Grand Total : 216,199,000 shares
Only about the 425,000 (Preferred Share Holders) + 10,000,000 (Working Capital Shares) totaling 10,425,000 actually matter.
...and the words "up to" precede those numbers so the grand total is the maximum allowed to be issued upon "Q" drop.
After that, it will be the companies choice on what to do with the 2 billion shares authorized...might dilute some...might do nothing...but you won't know anyway since it would seem they can file an exemption from registration under an appropriate regulation.
Plus, the 2,000,000,000 shares is separate from the other numbers, which means they aren't included so making it sound like this thing is going to get crazy diluted is ridiculous since there are restrictions anyway.
There is an intrastate offering exemption, a private offering exemption, Regulation A (Section 3(b)), and Regulation D (Rule 504). Each has its own limitations depending on how the company is categorized.
Everybody that has done their own DD knows about it for one.
Second, all that means is that their Authorized Shares goes up 2 billion shares, not the O/S...it doesn't say they are forced to dilute 2 billion shares.
Third, it is a technicality if the company wants to be uplisted to NASDAQ again...Microsoft has over 8 billion O/S, but I have no idea what they are authorized to have.