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News nearly always leaks. The upside vol. is a very good sign.
I'll re-iterate: looking for 0.025 here.
More likely deplorable slave-labor conditions.
Just watch sbsh... if nobody takes the 32's, he'll dt to 31 again
since their recent news 9/3/08 referenced an end to the 504, I equate that with an end of dilution. We *should* be seeing a fairly sharp move up. I'm looking for 0.025 based on revenues.
Whatever. I'm just expecting a bigger move up since they announced the end of Reg D Ex 504 --- that means end of dilution (even if only into the float).
And, while there are always MM games and shorting,etc. they still did 504 and there was selling based on that. Don't fool yourself.
I said END of DILUTION. Learn to read.
Seems to be just enough to keep it from running. Notice they are on the bid waiting.
Starting to behave like dilution has ended. SBSH looks to be shorting here.
This thing really should be .025 not .003 right now.
Brilliant move on the part of a co. who is looking to buy back shs.
Announce a Fri. EOD PR knowing that the price will drop on worry and panic. Scoop up shs. and move ahead.
Just wish I noticed that before getting filled @ .0031 yesterday. D'oh.
When I spoke with them last week, it was strictly about the sh conversion. As previously stated, things are in the works, and there are/were some issues with the frtl shell and the previous transfer agents going back many years.
OT: The structure of the 'bail-out' makes it likely that the common stock will be worthless in these entities as events unfold. Certainly, there is no upside (for investors) to having gov't control. No real growth potential either. Once the warrants/dilution hit, they are done. I think the only reason they are trading right now is b/c of speculators and day-traders.
A lot of that is being seen these days. The OTC/pink markets are pretty illiquid right now so, it becomes more visible how the 'market' actually works.
I'm hoping once ppl. realize that FRE and FNM are going to 0.00 and the rest of the fins level out, we'll see more active trading in the otc/pink sewer system.
Doesn't matter on the naz. orders are filled by market makers not thru a common exchange. Each MM has their own order book and are not obligated to fill outside of that book.
What would you suggest ? If you have something better, pls. let me know, and I'll take it up with the people responsible.
Nice try.
This thing should be ~ 0.025 right now.
You need to know that the nasdaq incl. otcbb and pink is not a centralized market. When you place an order with your broker/mm, they will try to match that order within their own book. If they can not match it, they may route it thru an ECN to other mm's. That is why if you place an order inside the spread, you may or may not see that order reflected on L2. That is also why it can appear that you have been 'traded around'.
I'm talking about ppl. getting margin calls on their accounts in general... not specifically w.r.t. NNVC. And yes, many many ppl. I know of are playing with FNM, FRE etc. (which imo is asking for trouble if you read the structure of the deal(s) - but that's another topic).
I just hope it takes a few more days. I think once the shs. are avail. we'll see some selling... I need fresh funds to pick up any dip.
This one and nnvc - I want to add to my positions.
When I spoke to the co. last week, they said that they are not releasing any news until all the shs. are transfered and complete. They really are concerned about keeping everything on the level and clean.
At times, maybe. In general, however, it can provide much needed liquidity. The only things that have real and long lasting negative effects on price are things like relentless dilution and/or poor performance of the company. Neither of which have been present in NNVC.
There are quite a number of margin calls being issued right now. I'm guessing we have seen the effects of some of those here in the last two days.
Keyword there is "some". A true daytrader would never hold a position overnight. A very common strategy for 'true longs' is to hold a long term or core position, and then trade around that position as the market dictates.
Its called trading. To take your point to its logical conclusion, you would NEVER sell, period. Right? You would buy the stock and hold it forever and ever. Being long or short is temporal. Sure, your timeframe may be glacial, but unless you never plan to realize your gain, you will have to sell.
Thanks Travis for upping the A/S. That's great work. You are the bestest CEO ever.
At least we know the co. still exists... they took the time to update pinksheets.com
or is that just part of the ruse.
it's genius
Things worked out fine. No problems with shs, etc. Just takes time for bureaucrats to work thru all the shares from all the previous T/As. Keep in mind that anything to do with regulatory bodies is subject to long delays.
Similar issues with the old shell on NNVC about 1.5 yrs ago. Held up uplisting/etc. for a while until the DTC got things sorted.
And yes, none of this is the fault of Envit.
maybe people are selling. Just a thought.
$2K took out all the 0004 bids. Nice work Travis... Bra-fking-vo !
Something wrong with this POS. End of 504 *should* mean end of dilution.
No, they have all the paperwork in place, and things are in the hands of the DTC and T/A.
The T/A said last week they we're waiting on paperwork. Envit says the T/A now has what they need.
The hang up may be with the DTC. Apparently, the shell had switched T/As a number of times since 2000 and the DTC has to track down all the sh. holders.
Talking about stocks is like dancing about architecture.
Too much bid support @ 0004. C'mon ppl. sell.
I need a better avg. here.
OT: I'll bet we find out about some serious para-military action against some of the gang elements that have taken root since Katrina. What a perfect opportunity. Get all the citizens out and go after known gang members and other opportunists who may have stayed behind to take advantage of the aftermath.
BMAS appears to be the (or one of the) MM working on behalf of the company to repurchase shares. It is in their interest to keep momentum low. When/if they get off the ask, it will likely move.
Just spoke with T/A. They are waiting on paperwork from Envit. Once received, they will start the process of transferring shares from FTRL to ECGP.
AMTD sez DTC does not have shs yet. No date given.
Very likely filed a provisional patent.
This provides patent protection for upto 18mos. w/o the applicant having to disclose trade secrets.
Provisional patents do not show up in the USPTO DB search.