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Also, it could happen any day now. Monday's are more common, if it doesn't happen on Monday than, it could happen on Tuesday...Wednesday and so on, in-fact it could happen on Sunday, like the article mentions. Either way, if some impatient want to sell, I will be there to catch it. The writing is on the wall, it's that simple.
This is not a hype, this is just an information. There is already hype about possibly a Monday announcement about the merger on the board, not by me of-course. If anyone wants to bail on Monday, I'll be the one to scoop up more shares. Those who believe that the merger is for real will stand tall in the end. Plus, the Monday announcement has been hyped for the last couple of weeks by some members here, I just put out an information that is either relevant or isn't and in this case it is.
Are you raising the bid?
Rightfully so. Keep up with the good work. Today's action is not that important to me, impatience ones are bailing.
buyers will line up if the news hits the wires,
I don't mind the fluctuation, it is healthy. Minor pullbacks are pretty common, but the tiny blocks being sold on the bid, is what concerns me. Either way, I think it may flatten out towards by the end of the day.
It goes down to the bid on measly 1000 block, but when big blocks come in on the bid doesn't budge. It shows how MM's are manipulating this thing.
In my opinion they are trying to do nothing for EGYH. They are doing everything for themselves, but the shareholders are paying for the tab. Behind the scenes they are most definitely making money without us in the loop. Remember, they have been working most of their deals since 2011 and nothing has happened since then, it's just too bizarre.
I knew this would happen, it's going to drop further and maybe into the trips, if they don't try to fix the issue with the OTC stop sign.
Yes, they don't care about the stock price. They said, you have to invest at your discretion, it could flop or it could be a success. Last year when I spoke to them about their annual report, they said it should be out soon. As of today nothing has been submitted in regards to their annual report and the fact that he told me that he was from Tarzana and now he says he is from Malibu makes me wonder if this is a scam or not. Having said that, I willing to lose my position if this is in-fact a scam, but if it isn't then I'll be happy man. But, remember, if they come out with a press release about anything, this will at the most jump about 200%, but if they go current on the OTC and then issue a press release then a 1000% is almost guaranteed. If I were you, if the stock hits 0.01 sale half of your position and let the rest ride, either you will lose or win. Speculative gambling, that's what we have here.
Bruno, it's simply a gamble, either a magic will happen or you will lose everything. If they don't go current on the OTC within the next couple of weeks, then it's a false hope. I am not saying it's a scam, I am just saying it's a gamble.
It means that they are not current with their filings. OTC is where you go to find out about penny stocks, in this particular case, no knowledgeable trader would want to even consider investing in EGYH because the stop sign hinders the prospect of the ticker going up. For example, I bought a stock sometime last year a million shares for 0.0003 and sold it for 0.05 cents in a matter of 4 hours, it then dropped to 0.003 in a matter of minutes because the ticker failed to file an 8k about their press release and therefore the Skull and Bones (OTC) issued a stop sign and everybody bailed immediately and most novice investors were left holding the bag. So, if they are not trying to fix the issue with the stop sign on OTC, that means they don't care and if they are asked a question about the concern, they have another answer that is totally irrelevant to my concern, like "it's your choice if you want invest or not". My advice to you is don't invest in penny stocks, go to the big board at least you can be much, much safer. I'll give you another example, I have another penny stock that I have a position in ASUV bought in 0.015 now it's at 0.046, today it 0.051, I am up 200% already on this and they are current with WWW.otcmarkets.com, there is rumor that it could go 0.30 or even possible $1.00 if a merger happens, but it's all speculation and if the merger happens the 1.00 is not too far fetched. Within the next couple of weeks if they don't issue some form of attorney letter to shareholders, I am out. Btw, they don't think that oil is going any lower, in-fact they think oil is going to trade between 50 and 60 by years end. So that hope is gone too.
They don't care if the ticker is not current with OTC and for them not to give me a definitive answer, whether they will fix that issue or not, is mind boggling. At the moment I more concerned with the stop sign on the OTC than about their ventures (if any). They are very frustrated that they have to answer to every stakeholder about the future prospect of EGYH. Also, from what I can tell is that, they are not very forthcoming, 1st conversation I had with him, he said he was from Tarzana, the 2nd conversation I had with him couple of days ago, he said he was from Malibu, something is not right here and I am feeling a little uncomfortable, but I knew it was a gamble. I haven't lost as much as you because my cost basis is at 4.5 and I was willing to double or even triple if it fell to low 3's and high 2's, but I won't anymore. It's hard to tell at this point what they will do. Either a miracle will happen, or they will shut the doors and start another boiler room, under different entity.
One thing is certain, having spoken to them on multiple occasions and the most recent one was a couple of days ago. I can tell you that they don't care what the stock does, they are doing what is necessary to either make it or break it at this point. This stock is a pure gamble at this juncture, either a miracle will happen or it will go down to trips as soon as they start to authorize more shares. From the vibe I got while talking to them, I feel that they are going to either close the doors or a miracle will be performed by EGYH crew. Also, they said that RASAN ENERGY does not and never existed, it is a pure misleading statement from the i-hub message board members. You either have to stick it out and hope that something will happen or just liquidate everything you got. This is not for the faint of heart.
Tell me about!!! All thanks to you fellow trader.
I truly underestimated him and thought he was all smoke and mirrors. But, he proved me wrong, while at the same time showing that he has bigger balls than me. My sincere apologies for not trusting.
Then, if the merger is comes through, you can guess where this will be trading at.
It looks like just as I had predicted. This is going down to the low 3's and possibly high 2's. The more oil goes up and they don't lock in a deal. This is doomed, now I am reconsidering not adding to my core position.
I am holding on to mine for dollar land.
Can't believe peeps are selling at these prices. She has way more steam, if the merger comes through, this will easily take out everything in it's path all the way to the 30's...40's...50's and possibly all the way dollar land.
Very impressive indeed, you got much bigger balls than I do. However, did underestimate you and you proved me wrong. Well done sir.
Have you done buying yet?
And I doubted him. I thought he was just smoke and mirrors. I am actually very impressed, his got bigger balls than me, for sure and I thought I had balls.
By Friday, 3's will be gone. They will be churning the 4's for the next leg up.
If they want to move this thing, they need to raise the bid. Today it will be determined if the 2's are history.
Yes sure, I'll will double it up. Don't talk nonsense (smoke and mirrors).
The merger can happen any day. If we all the crystal ball, non of us would spend time on this board. Would you? No you wouldn't. You'll be somewhere in the Bahamas enjoying a high life.
Bid has been raised. I think we run before the end of the day again.
A famous quote by Warren Buffett, "The stock market is for transferring funds from the impatience to the patience." Who ever that was, lost big time.
ITS HARD TO BELIEVE, BACK IN JULY 2012, THE PRICE TARGET ON ASUV WAS $5.26, WITH THE SAME SHARE STRUCTURE. WHAT HAS CHANGED SINCE THEN? I DON'T KNOW WHAT TO MAKE OF IT. I don't take that much consideration on price targets by supposedly analyst. But, this thing could make higher highs in the coming days, provided that the merge actually takes place and more importantly if it has any substance. Lets see what happens. I'll be happy with 1/10 of that price target.
Also, just got in about a week ago. Mind you, I have been watching this since August of last year, didn't make a move until last week.
Yes, the red stop sign came in right after I bought it, it had a yield sign before I bought it. Bought it 0.0043 450,000 shares. I have spoken to the people about their ventures, they are hoping for a home run too. If you look at my threads, you will see why I bought it. If it dips more, maybe in the low 3's, I will round of my position to a million and wait it out. EGYH is pure gamble, but if they strike a deal, the upside potential is enormous. I found out about EGYH since August of last year, just been watching it. The director and I spoke over an hour, extremely friendly conversation, spoke to him, I believe Oct/Nov of last year. This one is pure gamble, but if it takes off, it will be virtually unstoppable. I am going to give it till the end of the year.
"99%" that's an excellent confidence. Then, if that number that you quoted does becomes a reality, coupled with some great substance about the merger, we should go parabolic to the dollar land within a month or so, after the announcement.
This is undoubtedly one of the best penny stocks I have come across. All thanks to Grolden. However, dollar land could be reached, if, and only if, the merger has any merits to it, otherwise, 0.30 is not too far fetched. Just on speculation alone, we should see anywhere between 0.07-0.10 by end of next week. JMHO.
Yes, it is. You are smarter than I thought.
Just a side note, I have been trading since 1986. So, I know the rules and how it's played. I am most probably older than most here. During the 90's lost over half a million dollars, made it all back in 3 years , with patience.
That's where you are wrong. Go back and check how high KBIO went, that was $42 and change. The same day I sold it for $37.50. I know, KBIO is bankrupt and I knew it was a shady deal and that is why I got out just in time. You need to get your facts straight, before you make a statement. If you want, I will give you the screen shot of the position (in and out of KBIO). At the end of the day, I know what I did, you weren't there. However, I respect the fact that you admittedly agreed to give me credit, if this turns out to be a bonafide "play." Now again, "play" not an investment. If the merger rumors comes true and if it has any substance, then this will easily hit 0.50...0.60...0.70 matter of weeks.
I am disciplined. In-fact, I haven't invested in penny stocks since 1996. with the exception of this and another one that I have a position on. Last year, I made a cool $68,000 on CDII with only a $3000 investment in a matter of 4 hours. I believe in this story, it looked to good to pass up on, one thing is very important to me, when it comes to penny stocks, if they are current on OTC, then I will take my chances. So far this year, this and another penny stocks I took a position on, otherwise, I only trade the big boards. Like AQXP, bought 2000 shares @$1.64 and sold it for $10.50, had KBIO at $9.25 1000 shares sold @37.50, bought RWLK @6.50 1000 shares sold @15.00, this is just a few. Of-course, not all of my trades have been executed perfectly, but last year I was up 400% and this year thus far, I am up already 300%. So, with that said, I believe in this story and I think, not believe, I think that this has more upside. Then again, I may be wrong, either way, I am already up 100% on this and I am going to let it ride to 0.30 and just maybe, if the reverse merger, if any has any merits, I'll hold till 0.70-1.00, depending on the trades that take place. I am not suggesting that you should consider this play, but, if you have no position, please refrain yourself from scare tactics.
Yes, yes, and yes. Some of us knew about this already, this is nothing new. Before I invested in this, I had already read that same article you posted and Grolden verified and gave me a good rebuttal. And yes I invested knowing and took a gamble on this. If I were you, you want to short this, I wouldn't, simply because it's a penny stock and it could go either way. You want to short, or buy cheaper shares, you are out of luck, try the big boards.