is... a buy and hold investor of dividend US and Canadian stocks
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if book cooking does not keep the lights on... how then did Nortel survive, and not only that, grow to 90k employees, $124/share, and big fat bonuses for everyone until 2001? Needless to say even now in bankruptcy... with the funds they saved from those layoffs..
(notice I said "funds" and not "cash..)
huh?
they did not make a dime since 1997 or even earlier...
go ask John Roth (Nortel CEO (head chef) with the apron) if he ever baked a cake! Catch him between rides in his fleet of classic sports cars that he bought when he cashed out...
you will remember from your accounting 101 class that "Cash" = anything liquid or with a term of less than within 1 year. therefore you cannot take a bank balance and call that "cash". Only actuaries do that...
btw, liquid does not mean what you go buy a case of every week... or is that every day?
As usual, your analysis, reasoning, and overall logic is flawed, and your conclusions are a pathetic pile of Texas dung.
You should really try a baking class, you might have more success.
These guys were at the edge of bankruptcy when they decided to turn tail, make like a bunch of turtles, and hide under the shell they call the Pink Sheets, delisting in the process. Now they don't have to file financial reports, thus covering their ineptitude.
The only difference between them and the KKK is the color of the sheets they cower under.
Go buy an apron. Borrow Nancy's... unless it is all worn out.. :)
No they won't. Because they do not have sufficient CASH.!!!
Not that we will ever know, because they are cooking their books faster than a bunch or bakers on Saturday afternoon television. Ever wonder how they get those dishes done so fast?
More often than not this kind of a selloff prior is an early warning of a problem. Hard to say for sure. wait and see... when do the earnings come out? prior to open or after close?
this stock is very weird... why is it still going down even though the market is crashing. This has all of the symptoms if a financially troubled company where the stock price reflects the general investor awareness of those problems and the associated risk, even if the numbers are awesome...
The stock has executed a perfect ">" stabilization pattern...
I just took a brief look at this and suddenly smelled something weird..lol.. like a vapor of some kind. And no it was not a brain fart.
why don't you point us to that reply...
Who would name themselves a "Package" anyway? lol... coming from a Big Guy.
anybody wondering why this stock is crashing at present... or am I the only one...
looks like this brief period of speculation on the stock is over...
well... people talk about market cap... just because the price is so low.. but low is relative. I knew of another company Lyrtech (Canadian). They published financial statements at .05.. in them they said "we don't understand why the stock price is so low". Looked like a solid company. Had an order backlog, financially not strong but on the upswing. Profitable (tiny profit). Lots of debt.
Anyway.. next thing you know.. they are issuing this negative news.. cost-cutting.. then bank gave them a Demand Letter on a loan. Stock plunged to .005. Next thing they did a 15:1 split. Now the new shares are back at .05.
From looking at APTD financial statements they do not have alot of cash, and have no capital which can be used to get leverage (like most high-tech companies). And alot of their cash is in fact investments (stock). So, there is lots of risk here. And a R/S looks inviting, with the stock price so low and lots of shares out there, regardless of Market Cap.
Anyway, to answer your question, that is what can happen. I have no idea as to proability of that happening. I did not see it with Lyrtech (LTK - TSC or Venture exchange), so I am not going to pretend I could predict it here..
IMO it won't crash because of the business model, it would crash because of some financial problem. I thinkt hat is what the unbvelievably low PPS is about, is financial risk. Some bank problem or something.
speaking of which, when will the amended financials come out... the fact that it has not crashed bodes well.
well that would correlate with what I would think makes logical sense... regardless of the "proof" that has been published here.. after all, it is only the internet. Hopefully Risky knew what he was doing when he made his trade.
I think I actually took you seriously here, missed your joke... oh well I called in sick today at work...
that was my thought with EVD at the time as well, but not sure of shorting is possible with stocks this cheap, on these markets (pinksheets?)..
Could it be that somebody or bodies got a little over-excited put a Market Order(s) in to Buy with no Limit? and there were some Sellers lurking...
This is interesting:
The MFI indicates way overbought. Up until now the stock has one it's usual thing. The MFI gets higher and higher while the stock levels out, then it drops and the stock drops accordingly. This time, the MFI got higher and higher, then the stock exploded... because it was so cheap I guess... it can't maintain this...
some financial report I got off of my bank system.. I think I shared it with some people from here.. I can't remember... :)
What about the fact that the last financial statements put out by this company show Investments on the books as ST assets... is this not in itself risky? What if they are overvalued... or if they lose their value...
To be specific...
Long Term Investments = 300k
Total Assets = 500K...
Huh? What about that, dude?
Indicators indicate Overbought right now. The Money Flow Indicator worked to predict the last uptick, it is now predicting downward movement... IMO... IMO. just my opinion.. DON'T SHOOT ME, I AM ONLY THE PIANO PLAYER.
I remember now the stock I got out of when it did something like this. The symbol was EVD (Evolved Digital Systems). It shot up to .32 from .05 or something. I got out.. it was a Canadian stock. I never did learn the reason for that jump. Big volume too. The symbol is no longer active, because they got bought out years ago.
yeah remove the management salaries and the restaurants are cool. And they need them to help to sell the software... there is not much motivation for them to be profitable however..and not much control the investors can influence over them to be profitable.
What is the timing on the transition to Pink Sheets? Maybe that has something to do with it.
Yes, because it is a blip. A piece of luck. And the restaurants are not money-losing.. problem is that we as investors have no idea. I would think they are break-even... the management salaries are gone.
Just because it has shot up today why would you think that would continue...? There is either a reason (insider trading) or it is just a blip. I have seen blips like this before... don't get carried away.. SELL IT.
The only reason BV would matter (only IMO.... IMO.. ) is if they were going to liquidate the restaurants... hardly likely...
IMO...... IMO.... Just my thought.. don't shoot me.. IMO...
read my last post. I am screaming SELL THIS SUCKER. Ya gotta adapt... maybe tomorrow I will not look silly.. or else there is news we don't know and it is insider trading.. again beyond our control.
Well this is an interesting day. Stocks do things that no one understands. Sometimes these penny stocks do things like this, but it is unpredictable. They are alluring, but usually you just lose your money.
But not always.... Maybe I will go buy some IQ shares...
I don't know the reason for this, along with everybody else. BV does not seem to usually drive stock price...
Maybe it is just the way it is being traded... in early Feb there there was 300k in volume (by # shares, not $$) and it did not move.. so maybe the price is being artificially set too high. To profit from this would have been pure luck.
My advice: SELL HIGH NOW if here is no reason for the price increase.. If you bought recently. you still get your spinoff shares.. SELL and make some profit... in fact this is a HUGE PROFIT OPPORTUNITY.
I can give you an example of when I have sold on an upswing on a loser stock, in the process accepting a loss. I believe this is what you are referring to below with your statement:
(your capital Gain calculations on a LOSS post [LOL]
I think you are talking about this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32303193
Well I used this to perfection March/April in the case of AirIQ (IQ), which trades on the Venture exchange here, or maybe it is the TSX. Check out the illuminating chart below:
I got out of a situation where I was down several thousand dollars and accepted a $300 loss. Not bad.. I would say.. The thing went up on some news that had no LR impact, I sold the damn thing and moved on. It is a good strategy. Look where it is now...
You might keep your facts and perspective straight. My post on the 18th was just one opinion. We can debate it forever, but as you have pointed out, it is just an opinion. I was responded to here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35778602
I just responded to it. No one attacked Netman. He attacks anybody that does not beleive in uWink.
my name is not Jack... :)
Oh Yeah? I was not dead wrong.. that depends on the outcome of the spinoff shares...
I have a long history of misunderstandings? Like name some...
- stock would go down.. Right
- financials would kill it .. Right
- they would run out of money... Right
- they had software that did not exist on their beta web site that is commonly known in the industry as "vaporware" .. right (they never had more that the restaurant product suite).
- insiders buying stock was meaningless because they might be required to.. Right
- they did not have the right personnel to be a software company .. Right..
I got out at $5.00 ... Right and that was the last of my shares.. I have followed this ever since and been able to ignore the temptation to buy back except for one brief slip.
Misguided? False?
RIGHT
You are right... but not right.. OK, so I am not completely knowledgeable of the ex-dividend date as applied to spinoffs. Maybe you guys are correct. But I am still right to say that the stock fell because of the passing of the Record date, because the average shareholder is no smarter than I am.
But, again you miss the bigger picture. All of your calculations and knowledge of specifics does not matter.
This is another installment in the ongoing uWink scam. In a case like this it is better to use your nose and gut feel that to worry about the details. I do not know how common this is, but it seems to be the shareholder got screwed again. This is a technical loophole that allows the issuing company to deny issuing the spinoff shares until the shares themselves are completely worthless.
So my advice may have been bad or good, but only time will tell. I think that my advice will turn out to be the best advice after all. Probably the shareholder will be better off having sold for .03 than to wait for whatever return comes from the spinoff shares.
Looking at this from the street, I think the shareholder is getting screwed again by uWink. I would consider launching a lawsuit over this BS.
Wrong Again You see Netman, even if you are right, it still does not matter. The stock still went down after the date that the average shareholder thought that the spinoff shares were no longer an issue. Then my statement is correct. The selloff happened as a result of that. So the average shareholder should get out while he can.
So you figured out how you could buy shares up to the 20th and still get the spinoff shares. It really does not matter. I simply made an observation that the stock died after the 13th. I am still correct, and what matters is the current PPS to the shareholder. It is down to .01 and .02 because of the spinoff shares no longer being available. That was my point... and the 13th is the relevant date, regardless of a technical loophole. The 18th was a date that was in the middle of the slide... hence my advice was useful. Pretty soon this thing will be fractional. (Worth a fraction of a cent).
So congratulations on your purchase! You are wasting your time trying to prove that you are right all of the time.
Good sleuthing...
Even if you are right... that is the shareholder's fault if they do that... they got fooled. Once again, they should not be relying on the internet to make their decisions.
Well, I don't believe you. This is the beauty of the internet, my ability to state my opinion. The paradox, and the reason why I don't frequent these boards, is that I don't need it to make my decisions. I only state my opinions and give advice... but I make my own decisions.. so i choose not to believe you. It goes against common sense and my research.
It also doe n ot really matter, as in the bigger pictuire, as i have said before, the stock appears to have fallen as a result of the spinoff shares not being available to stockholders, regardless of the speciic dates.
You have not proven it.
Based on my research (conducted at 2:00 AM after a few nBeers) the ex-dividend date is all that matters. All of the other data i found was ambiguous. So if I were an investor (which I a not) I would look for something from uWink that used that terminology.
I simply said this:
TBG Now Says: "If someone buys past the Record Date (the 13th) they are not entitled to receive the spinoff shares..."
to point out the reason for the price fall and to establish the correlation. This was not obvious.. hence my statement that the shares are worthless is all the more true now. Whether or not I was agreeing with you is no the point. Only you would focus on that. Like I said in my post, you are not seeing the big picture. You continue to invest your hard-earned money in this thing, and it continues to fall. You spinoff shares cost you 80% of what you put into it, with no return for years.
and this is classic:
(your capital Gain calculations on a LOSS post [LOL] was a great example of BS)
Right. Obviously you only know one way to play. You go for it, Buy, continue to buy, and wait until you are in a position where you have a capital gain and then sell. Well that is a beginner's approach. I was simply laying out a strategy to come out with some cash and a useful tax loss. If you understand those kinds of strategies you are nothing but a simple beginner. You have no idea how to trade.
My BS is good advice for those who will listen. I don't post too many other places because I don't need to, quite frankly.. since this was my first big score, I like to try to save those here from getting themselves further into this sinkhole.
Good luck to you.
I know how to read, can you prove your point in any way?
How is this statement true?
ONE MORE TIME - IF Anyone actually followed your advice on the morning of the 18th, and sold either on the 18th, or the 19th, or the 20th...
THEN - They would have Sold their right to RECEIVE Matching Tapcode Holdings, Inc. Shares (upon the 20th distribution date) for the amount of uWink Shares that they Sold. - That's a FACT Jack!
Prove it.
As for the rest of it... your trail of flame is likely to burn your lawn.