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no i didn't trade on it, but many people did. It wasn't directly stated to me, he told someone and then they shared it and posted it on the message board on this site. So it would have been debatable if I would have traded on it if it was actually insider trading or not.
true, he shouldn't, but he might, I remember when the ceo of ilgy said that there would be a merger announcement in the next week on Monday afternoon, and sure enough, it came and the price jumped 250% in one day. You never know, but I would like to get information of any sort to make me think that he is doing his job of trying to maximize shareholder wealth.
I called john rutty again today and left a message on his voice mail.
nice run today guys, what is the deal with the new run? anyone? Lots of volume
it doesn't work like that. Anything traded at the bid is a sell to market makers. For example, I would sell my shares to the market makers at the bid price, bottom line, someone was getting rid of their shares and selling them. It is not a direct trade ever from investor to investor. It would have been a buy if it was at the ask. That means someone bought shares from the market makers. Notice how on all the technical analysis stuff on this page go down and started to look bad after that trade went through. You do not want to see trades going through at the bid, because they are sells, not buys.
that wasn't a buy
No acquisition yet, it says N/A for the financial statements of the business acquired.
I mean major run to like .003. I think it is possible
has anyone else had any luck with calling th attorney or john rutty? When I called the attorney, he wasn't there, and I have not had any luck with john rutty answering the phone. I am going to start leaving messages until I get an answer or a call back. They cannot ignore me forever.
I think this stock will make a huge run sometime for a number of reasons. If they do have a merger and announce it, it will cause a huge price run. Also, in my opinion, when companies have huge amounts of convertible debt, which we don't have now, the price gets shot up so it doesn't take as many shares to convert to pay back the lenders. That is my opinion, I have seen a lot of companies make huge runs right before major dilution starts from C/D.
The only thing that will stop this that we have to be aware of is if we go so low that we do not have bid. That would force a reverse split and force me to get out because it will continue to go down from there. Luckily our O/S shares are not too high yet. I see a major run here before a reverse split. It can't stand here forever.
oh alright, so it was one/third. My bad, so it still seems like it might be tough for them to even break even on the whole project, if you look at it as a NPV analysis they had a negative NPV and took value away from the firm. I am disappointed in the decision and the results after they projected such high amounts. Hopefully they can get closer to their predictions on the last 2/3rds.
are you guys upset about the company announcing 500,000 thousand for the first half of the jackson auction?
yep, you are right. The dealers here buy shares at the bid, and the investor buys from the dealer at the ask. Plane and simple, there is no trading amongst investors. it is all bid and ask or the dealers would not make any money and would not offer shares to buy. The spread tells it all
John Rutty has not answered one of my calls, I am kind of disappointed.
Nice day today, only buys and no sells, that is nice to see, now just some more volume.
I have called John Rutty twice now and he has not answered yet, I am still needing to call the attorney.
so because she wasn't in the 8k they have a merger? I thought she wasn't even part of the company anymore, so why would she have been in the 8k, I am confused?
that was a good one
wait a second, who told you they were going through with a merger and the law firm that was handling the merger, if they do go through with a merger, talk about making some bank. I remember when APPI announced that they were merging with that bio diesel company and it shot up over a cent.
I didnt think of that one, you should call and ask that one.
called the number and it is john rutty's sprint cell phone, but no answer, I will keep trying.
WOW, she actually called back, she told me that John Rutty, don't know how to spell the last name, is who to contact, and the number is 201 320 1019. Lets see what john has to say.
I called both phone numbers on this website, the second one is a verizon number that has been disconnected and the first one I talked to Donna again. She said again that she is not part of the company, and I asked to get a number that I could call to talk to someone about ADBN. She is supposed to call me back in about ten minutes, I am not stopping on this one until I find out some information.
I think someone should try to get a hold of management and find out how close they are to getting this merger or what they are doing to increase the price per share?
this stock is booming, might be the market makers who are short in the stock coving for the possible dividend.
man it is dead here and this stock is dead, no trading what so ever, hope you are right supermon, that would be great
I have a question for anyone who wants to answer, how do you go about starting a company and receive financing through an IPO in the bulletin board market or pink sheets?
10q out, no merger as of yet
that is big money when your price is .0002
then who is selling? Why would anyone sell who bought above these levels?
everyone, you will have to excuse jack and nm, they're a little slow, the town is back that way!
whats not over yet? lol you think a miracle is going to come save you and this stock.
hahah, you are a joke!
haha jack you are always living in a fantasy world, you may be making gains somewhere else, but you just lost it all in here. You are so IGNORANT.
wow jack check that out, all of my bashing really caused it to go down to .0002 and .0003 right. I bet you are really mad at me.
The run is over and I lost half of my money on it, I should have listened to my gut. And by the way TA does about nothing when conversion is happening because it breaks all rules.
I knew I should have gotten out, now the bid is down to .0003 and there are still a lot of sells going through from conversion. More dilution and a lower price. People just keep dreaming, this one is going back to the bottom where it started.
the longer you hold a sub penny stock the more dilution takes place and the lower the price goes down, that is why you dont hold a stock that is a sub penny or even most pennies. You are just ignorant not to realize that.
why would I bash a stock I own? That is what she told me
If I dont see a turn around tomorrow in things I am getting out just like everyone else should, no one in their right mind should hold a stock like this for more than a day or two and I have held it way to long.
yeah, 100%, I called that number that is listed on this page at like 8:45pm mountain time and she answered with that raspy voice and I said I wanted to know some information on your company, and she said which one, and I said Americana Distribution. She said she is no longer apart of that company and it was in the 8k and I asked her who was the new management and she told me some name and then I asked if she new anything about the companies possible mergers or business operations and she said she knew nothing.
i talked to her last night and she is not part of the company anymore and supposedly doesnt know anything about what is going on with the company