Get in early, get out early. Take profits
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I was thinking the same thing except I have no more wall space. You never know, this may end up like CROE now COWI. They filed an amendment with Delaware for a reverse split on 01/23/09 but didn't announce it to the public until 04/07. Between those dates it had a big run. You never know... Have a great weekend.
Thanks for relaying the info. Have a great weekend.
CHRI shelves reverse split for now, but keeps option for it open
http://finance.yahoo.com/news/China-Health-Resource-Inc-prnews-14896808.html
Have a great weekend.
Nice little flurry eod today.
Have a great weekend, and thanks.
e
If revenue numbers come out and they don't look good, think long term. Remember that it's all about renewals with membership organizations:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35915821
I still don't see pennies unless the acquisitions were made with large amounts of restricted shares. I also think GRDO will have trouble breaking out of the low .003's because of all the buyers that joined at the level with all the excitement at the time. They have been disappointed so far and may want their money back. Most aren't disciplined enough to cut their losses; I know I wasn't when I started. The chart shouts "uncertainty" to me. The uncertainty won't vanish, imo, until the right pr comes out or a valuation can be made. With a gagged TA, it's impossible to value on a fundamental basis.
I'm reluctant to embarrass myself in public but here goes:
It should be at a solid support level right here. If it falls, next stop is around .001. If it falls below that we've been had and the traders and flippers will play with it for a while. If a positive trend develops it should have no trouble getting to .0027-.0033, where there was a lot of buying. It may stall there a while if those that took original positions at that level decide to get their money back and move on. I don't see pennyland with this share structure anytime in the near future but it should approach it if all is true.
I agree although I tend to disregard that statistic at these price levels because they use end of day data and there are a lot of "paint jobs." I don't know if that's the case here, but to make that statistic accurate you have to keep track of daily information, such as that found on the "trades" page here. I do that sometimes but it's very time consuming. One example I'll give is IMDS which last year had a day where it traded 10X average volume, all down, then closed up on the day with a $14 dollar trade. Using daily figures that looks like a huge up day when it was actually the reverse. Feel free to delete this if you think it's o/t.
The amendment said:
"Immediately upon the filing of these Amended and Restated Articles of Incorporation, each five hundred (500) shares of the Common Stock of the Corporation shall become one (1) share of the Common Stock of the Corporation."
Note the word "immediately." I don't know Colorado law but in Florida, for example, it is clearly stated, on the state form, that the amendments must go into effect within 90 days. I don't know if there is a similar "grace" period with CO. Another company, Coroware, announced a reverse split effective on 04/08. They had in a previous SEC filing said they were considering it. They are a Delaware corporation and filed the amendment with the state of Delaware on 01/23/2009 but did not announce it to the public until 04/07. No split can happen without appropriate and necessary filings, I believe with FINRA. I do not know if the company can voluntarily stop trading on its stock. Who knows what will happen here.
Coming out with a good pr is going to be tough, imo. With projected revenue numbers one could estimate how many members they have. If they release the number of members they have, one could estimate what the revenue would be. If they release both figures, then we'd know fairly accurately what they expect to make off each member. I don't see them coming out with either number soon, and the chart, imo, backs me up on this.
Thanks but I'll pass.
It's very common at this level. In this economic climate it's hard to borrow money on any favorable terms. The only way to get it is to sell shares. If you've maxed out the authorized shares you either increase the authorized shares or do a reverse split on the outstanding but not the authorized. This gives "breathing room" to sell more. Plus there is the convertible bond isuue. If the company can't pay the bond holders off, then the bondholders convert their bonds into common shares. There has to be enough available shares for that to happen. At least they reduced the A/S a little; in most cases that doesn't happen.
I don't see that in my charts, Gail. Street ran it the other day...
Thanks for all the hard work, Gail.
I agree with your great post, and so does the chart.
Great dd, thanks!
Ah, the dreaded convertible notes. Thanks for posting the letter.
I don't own any, just saw the filing. GLTA to all still in.
SWYV - 1 for 1000 reverse split may be coming. See the Pre14C filing today.
SWYV - 1 for 1000 R/S may be coming. See the Prer14C filing today.
I saw this today:
GRDO, CMLT, UPNT M2 "Press Wire "
M2 PressWIRE - April 8, 2009 - New York, NY -- Guard Dog, Inc. (PINKSHEETS: GRDO); Camelot Entertainment Group, Inc. (OTCBB: CMLT); UpLift Nutrition, Inc. (OTCBB: UPNT)
StockProfiler.US is Introducing Leading Microcap Companies! We welcome Investors to sign up and subscribe to our FREE Newsletter at www.stockprofiler.us.
-------------------------------------------
Guard Dog, Inc. closed at $0.0019 Tuesday, trading 1,928,111 shares.
Company News - April 7, 2009 : Guard Dog Launches Affiliate Marketing Initiative
Guard Dog, Inc. (PINKSHEETS: GRDO) announced yesterday that Guard Dog ID, LLC has launched its affiliate marketing initiative in conjunction with MediaNet Group Technologies, Inc. (OTCBB: MEDG) and its BSP Rewards Division.
To read the full news release, go to www.stockprofiler.us, click the Headline Tab, enter the ticker symbol and click the news link.
The main benefit to equity feed is their screening filters. Otherwise I agree with Koolmc.
My point is you see a lot of posts like: "company buying back shares here," or "deals are in the works, PR coming soon." Like most people I tend to believe them but have learned to step back and consider the opposite, then I learned to ignore them completely and do my own research. It has served me well.
Thanks Gail.
Don't be influenced by anything posted on a message board unless you can confirm it. EVER!
It's good to see it up on low volume. Quiet here today...
It's a total team effort. Great board.
The CEO at SKYF is Robert Atwell, the same guy that owns CMLT. As of February he owned over 600 million shares. If he didn't sell them already why would he now at .0001?
I'm not telling you to get out. Trust yourself. I'm no expert and am a bagholder on a couple of these .0001's.
It's only a little bit of volume. I wouldn't worry. What am I, a genius all of a sudden? When I said I can't read the chart I meant that if I owned it at .0001 I can't tell if I would have been able to get out on any but the big volume days. You are a lot better at these than I am. Trust yourself.
It seems to move on no news and looks flippable. My guess is that they will delist to the pinks at some point to save money. I can't read the chart and haven't done much dd so I'll pass on it for now. Nothing good has ever happened to anything I own that increased the A/S like that. The fact that I don't have any is a good sign for you, lol.
SEWC right now is no bid x .0001. I have no idea what's going to happen today.
Hi Gail-
I looked at those ones you gave me and found nothing new in terms of share structure or splits. I can't get info on BCND. They are incorporated in Delaware and you have to pay to get that info from the state. Maybe there's info on their board; I didn't look. The only one I have a problem with is SEWC. They said in their latest 10Q they had 300,000,000 authorized as of 11/30/08. But on 09/12/08 they filed an amendment with Nevada increasing the authorized to 2,500,000,000. That's the same as a reverse split, as far as I'm concerned. The company can sell more shares. If they put the 2.5 billion into effect December 1, it won't show in the SEC filing until the 10Q later this month. It's very deceptive. I don't like EFUL. The CEO, Joseph Cillo has been in trouble with the SEC before for pink sheet hanky panky.
I don't know how long it will take. In Florida, the action described in the amendment must be taken within 90 days of the file date. I don't know what the Colorado rules are.
It wasn't an SEC filing. It was filed by the company with the state of Colorado.
It would most likely be restricted stock, which isn't necessarily bad.
The documents are filed with the office of the Colorado Secretary of State, available for public view at their website.
I tried for a little today but couldn't get it.