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29 followers since the relevant post and should be over 50 by end of next week. However, this needs to stay under the radar for the time being, if anyone wants to accumulate. No need to spread the word yet because it only entices flippers and you really don't want that, however, I see this trading silver the next session easily. I might consider jumping in Monday 1st thing and that is if my DD is sufficient to make a move.
Believe you me, I know exactly what you are talking about and I am realist like yourself. Yes, I can see that float being locked by just 15 of us on this board, but as you probably know most i-Hubbers don't live up to their word. I for one, I trade the big boards 97% of the time, very seldom I come across penny stocks. Last year CDII was my best penny stock, with a $3000 investment, within 3 hours made a cool $65000 and yes I have a couple of penny stocks I am holding, some in the money and some just a little over my initial investment and some lost but not heavy. I like this a-lot and if everyone bought their stock and locked it away, all it takes a great catalyst to move this if not $1.00 but close to it. I do appreciate your input and I see that you are not pumping this at all, that's what I like about this board. I definitely shy away from boards that have pumpers, especially paid pumpers and I have already singled them out. If I wanted to I can buy up 200k shares and just wait for a catalyst, but don't know if their technology is accepted by the market. I am doing a-lot of research, I am trying to figure out if this is a Chinese based technology, or somewhere in the Far East and mainly want to know the potential of their market. Nevertheless, I see an enormous potential.
Wow!!! 8 more followers since Friday. Still doing some more DD, will be interesting to see what this does on Monday. Just curious as to what their technology might bring to the market place? This could go to 0.50 in a matter of couple months, if a great catalyst comes in. Just not sure if their technology will be accepted by the market, since they are in development stage, which is good because it is not a shell anymore. I love the SS and mainly the float, this could be huge monster ready to wake up or just a development company that will flop. One huge catalyst and this will probably move anywhere between 500-800%, only because of the float. I am assuming shares are scarce and one catalyst it will be a stampede.
Sobek, thanks for the earlier correspondence through PM. I see a-lot of newbies here and seems like a little while longer before it gets some serious attention. More importantly, I don't see many pumpers here, I would have never stuck around if I saw certain pumpers here.
What's interesting is, this is still under the radar, only 20 followers and it's trading in the high 2's, with a small float, this could really get interesting. Maybe will jump in on Monday, just need to do some more DD.
Thanks!!! Just curious as to what the valuation should be? That is what is important to me right now.
I am reading some old posts about this being pumped heavily by stock promoters. Were they talking about the old establishment or the current one? It looks to me that it was the old establishment. Also, seems the float is extremely low currently, what is that is being anticipated here? Thanks.
Now, watch for complete ask slapping to take place, all the way to 0.04
Is this a pump and dump by stock promoters.
We don't need fast track the case, I think the judge will take it's sweet time to decide, based on the merits of the "Whistleblower." The longer it takes the better for shareholders, it will provide time for oil to get back to it's norm. If judge thinks oil will get back to 60-70 by mid next year, I think he will throw out the BK.
That's exactly what I was thinking. Either go back to work, which they are or chapter 7 (cease all operations) and no one will get anything, not even employees effective immediately. Now going forward, I think the "whistleblowers" testimony is crucial part of this case, if the judge finds that credible, you can bet the BK will be thrown out at the same time the volume between tomorrow and the 14th is very important, if volume exceeds 50 million a day until the 14th should tell which way the wind is blowing.
The court will resume tomorrow at 9:30AM. Sandridge lawyers were grilling the woman, so lets see what tomorrow holds. My personal opinion the judge will delay the case, if we don't get the final outcome tomorrow. Based on my research, if the books were cooked then the chances of this being thrown out is very likely, provided that the findings are legitimate enough for the judge to weigh in on it. Watch for volume, if we get over 50 million volume tomorrow, the odds will be in favor of shareholders.
Judge will either dismiss the case, or he will tell Sandridge to cease all operation and file for chapter 7. He would give them either or choice and penalize them for cooking the books if the in-fact the allegations have any merits. My personal feelings is that there is slim chance of dismissal (thrown out). Everyone is back to square one, the creditors, the management and shareholders, except the management needs to be booted out.
There is slim possibility that it will get throw out. The risk reward is worth the shot here.
The longer this drags the better for shareholders.
It's not over yet, more importantly the judge decides the outcome of the case.
Close to 600 million dollars in cash in hand and almost 60 million in receivables.
Who is asking the question so far, I just started listening to the trial.
I think there is a slim chance that the BK gets tossed out. The oil market is in the rebound mode, I think the judge sees that and more importantly the judge sees that the creditors and the Sandridge management were in the loop (in bed) together. So ultimately the whole case is in judges hands to decide what is the best interest of shareholders and that's why the "whistleblowers" testimony is important and if found credible, I think the probability of getting tossed out is slim, but there is chance.
Wow!!! That soon. If judge throws it out, then an easy 300-500% gainer.
When is the ultimate decision? Thanks.
Btw, thanks!!!
Only if you knew what a Ladybug meant!!!
That is a beautiful SS.
TJ, I am new to this board, but been watching this slowly creep up for the last couple of weeks. Just yesterday realized the potential here after doing a little of bit of research, your DD is some fine work here. Just curious, what is the SS and I read some previous posts that some of the OS has been returned to the treasures, is that true? If that's true then looks like this is merger for real.
Those same sellers were asking 4.8 the other day. If they still want to them at that price, I will pay 300k share.
I never depend on people to do the DD for me, I verify them. I am not complaining, I am just saying the DD is not sufficient enough to get other to slap the ask here. The mod should have the TA phone number, once that is submitted, I don't mind calling myself to verify, why would I slap the ask? there is nothing to justify that. Peeps here on this board shouldn't be complaining about the movement because there is nothing in the DD suggests that this is a rare opportunity and I see some peeps here cheering to being on the breakout board, 1st you fix the DD then the herd will come, unless of-course you still want this under the radar for accumulation, but I don't that happening here, some of you actually get happy by being on the breakout board, that is really nothing, in-fact it's a detriment to the ticker. I do have a few penny stocks that I have played and invested, but the rest are the big boards and when it comes to the big boards, never rely on anyone else other than my own DD, I never post anything about big board stocks on i-Hub. I rarely visit the site and if I do, that's because I have taken an interest on a ticker and I pick anyones' brains to get as much as information as possible and if I find something is wrong, I will stay away. So far I haven't seen any pumpers here, which is good, but one thing I boggled by is, we have one poster who claims that this will be a stock that I would live to tell my grandkids (he is not exactly pumping), but when one other poster asked him as to why he wasn't slapping the ask, he replied trade restriction, that for me is a little interesting because trading restriction are usually 3 days or 90 days if you have violated the day trading pattern. You see, I've been doing this since 1986, I have enough experience to know the difference between a pumper a dreamer and more importantly a liar. In the beginning lost over $200,000 just in penny stocks, so I have to be cautious with penny stocks. The only penny stock that ever gave me big return was CDII, invested $3000 and in a matter of 2 hours I made a cool $65000.00 the rest of my big money last year was big boards, never invested in penny stocks since 2001, until last year with CDII and this year, with just 4-5. I play the big boards 80% investor and 20% trader, that's my strategy and it's been excellent for me, made ton on AQXP, KBIO, SAEX,SPU, HMNY just to name a few. Last year up 400% this year already up 600%.
Best of luck to you too.
Patience is the name of the game in this kind of plays. That's why I am patiently waiting for news if any and cautiously monitoring the ticker for any trading action and related news, so far, nothing is justifying for me to jump in. If and when I see volume about 1 million shares for at least a couple of days then it would be legitimate to think that something is brewing and I don't care if I have to chase if after 20-50% gain because I will be looking for the longer run, if and when the news is released and if it is a legitimate news, that's when I will jump in, otherwise just watching and to see how things unfold here. Hope it works out for you.
Although, I am holding close to 400k, your theory is a wish full thinking. The more you post stuff like this post, the more you look like a pumper, the SS is astronomical and it would never reach even $5.00, $0.50-$1.00 is very much possible. I've traded TASR back in the day, this will never be TASR, I've also traded DGLY and this could actually be a fraction of DGLY, but look at their share structure. And if anyone compares them, it's like comparing apples and oranges, yes, they are in the same sector, but the SS is ginormous here.
That really doesn't mean anything, unless the company releases some awesome news. It could float around that for a while. You can be locked and loaded, but if there is no news, in-fact if the deal falls apart then nothing will probably will move this. It is extremely illiquid and no one wants to pay for the mid to high 1's. I went and looked back at the historical volume, some are definitely holding this, but, you also have to consider this is up almost 2000% within a month, that is pretty significant, some have moved on and for others still a waiting game, if no news by year end, some will move on again. As for me, I am watching from the sidelines, once news hits, I'll be the 1st in line to slap the ask, but for now, it's a wait and watch for me, those of you who have done your homework and believe in this story wholeheartedly and your intuition should really consider slapping the ask, that is if you believe this company. I've been trying to reach out to them via phone, left a message just about an hour ago, hoping to get a call back. I personally don't think any news for a while will be announced until after the filings are approved by the SEC, hope I am wrong. Has anyone called the Transfer Agent to get the latest numbers on the share structure. There is not enough DD on this other than what's on the sticky, which is all related to the PR, there is no significant DD here and I am kind of disappointed because of that, that PR sticky really doesn't justify.
No one has $450 to clear the ask on this speculative play? Or is everyone watching from the sidelines to see for news?
How to we find out who the other companies are?
In my honest opinion, I think they got the contract. They wouldn't have gone through all this effort to try to get this current and I think someone on the insider with significant holdings has ties with ConEd. They are just waiting the filings to get approved with SEC.
Sorry to put a damper on your expectations, the ask is lower now, but that really doesn't mean anything, it just means most traders in this kind of situation have short attention span. Probably just a flipper.
Interesting and thanks for the feedback. Do you think, they are allowed to submit that information because of non-disclosure or confidentiality?
Meanwhile, has anyone on this board bothered to call the company? And by the way do you have the number to the TA?
I meant to say accepted.
Give it time, news will be announced when you least expect it. However, it looks like from their last PR's, it's pre-market, so news probably won't drop today or tomorrow and I think they will announce it between next week and the next 30-45 days when they become current. They probably have the contract sitting on their desk and will have to wait until their filings are reviewed by the SEC and excepted. But till then, I don't think anything substantial would take place. Patience is the name of the game here.
The spread is huge, that's why I don't plan on jumping in yet. That's the thing with OTC, illiquidity and for that main reason I play the big boards. However, I do like the story here and I think it has the potential, just don't know how this can valued. Hope it works out for you longs.
If no announcement tomorrow, you probably won't see any news for the next couple of weeks to 45 days. They probably have to get their filings reviewed and accepted by the SEC before any announcement. It will be interesting to see how this plays out in the coming days, either way with or without news.