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Check out all of the new shares issued (after hours T trades). I can't keep up. 15 million so far.
There's only around 205k visible, but L2 only shows the lowest ASK per exchange. Someone have better L2 then what iHub provides?
Has this crew talked about 2010 financials? I've been waiting for Q1 2011 and checked out 2010 full yr financials. Only thing I see I have a question about is "Advertising & promotion 4Q - $21,613 1yr - $358,832". Then if I go back to Q1-Q3 financials I don't see advertising and promotion as an expense.
I just want to know what advertising they did. I'm guessing PDAC was a part of that but I can't imagine that being more then $30k. There wasn't any retail advertising. Have any of you seen any marketing materials? I'd guess it was directed towards large investors, potential partners, etc... any comments?
Thanks!
Well, I'm in the 1 million club as of today:) Do I get a T-Shirt?
Well those goes that large big at .036. Seems only selling into large bids instead of considering it support (did the same on the way up), still looking for .035 to hold.
I have question regarding NIO-STAR IPO. The purpose of an IPO is to raise capital. What do you all think the ratio of new shares to old shares will be? How much new money would be necessary for startup costs for NIO-STAR?
Here's your opportunity to buy the dip (.0351). It would like to think .035 is the new bottom.
.035 as bid size is 2203781 :)
SRSR gapping up, that doesn't happen, bid was .035 ask .035, no .033 .035, 25k went through at .035.
I just tried to buy 250k with a limit order, had to up it 3 times (the Iask is very thin). I only got 205k. I don't have L3 and didn't want to blindly put in .035 and then have it fill at that. I'll be at bid tomorrow I guess. :) One of those AH 100k orders is mine, I tried to buy right before close.
It's a private placement of shares. The chapter is titled "Chapter 8 -- Notice of Exempt Financings", The 45-106 doc's first line is this "NATIONAL INSTRUMENT 45-106 – PROSPECTUS AND REGISTRATION EXEMPTIONS - A CONSOLIDATION OF CANADIAN PRIVATE PLACEMENT RULES" (doc link: http://foglerrubinoff.com/pdfs/Pub_Homepage_and_Mainpage/National%20Instrument%2045-106.pdf )
The 45-106 doc details all of the different exemptions that can be used with that particular form, I've included a narrowed down list:
Accredited Investor Exemption
Family, friends and business associates
Private issuer
Employee, Executive Officer, Director and Consultant Exemptions
Offering Memorandum Exemption
Other Exemptions
• an exemption for rights offerings provided that the offering is in compliance with National Instrument 45-101 – Rights Offerings;
• an exemption for a trade by an issuer that involves securities of its own issue distributed as consideration for the acquisition of petroleum, natural gas or mining properties or any interest therein;
• an exemption for securities issued by an issuer to a creditor in settlement of a bona fide debt of the issuer;
• an exemption for trades in non-syndicated mortgages on real property by a registered or licensed person;
• an exemption for trades that are a conversion, exchange or exercise of securities automatically, at the option of the holder or at the option of the issuer;
• in Ontario only, certain registration exemptions for trades in Ontario by market intermediaries are removed, preserving the province's former universal registration regime.
Anyone else think that pinksheets.com Short info is worthless?
http://www.otcmarkets.com/stock/SRSR/short-sales
It shows a total of 58,639 shares short on January 31st. That during a month where 11516875 shares were shorted with a total of 27112800 traded, or ~42% of sales were shorted. In order to both short and cover by Jan 31st, short sells and covers would have accounted for 84% of all trades (22,975,111).
Add to that the fact that volume stayed right at it's monthly average (~27 m over past 12 months) tells me that there is a decent amount of shares still short yet unreported.
So again, 3/4 of volume was short, I usually ignore the "shorters screwing us again comments" because it's generally BS, but it's actually happening here...
quote from "weasel6667" yesterday
**
Date |Symbol |ShortVolume |TotalVolume |Market
20110110 |SRSR |425275 |1024434 |O
20110111 |SRSR |4995519 |7418180 |O
http://regsho.finra.org/FORFshvol20110110.txt
http://regsho.finra.org/FORFshvol20110111.txt
**
The shorter(s) pretty much has to be one of the Market Makers, I assume there are only a few. If there were 5 million short sales, they had to have gone at the ASK (which isn't the case on big boards, where they go at the BID). The only person(s) that could do that here would be a MMs.
Short 5 million yesterday at ~.035 and sell them over the next few days under .03, gives one of them an easy $25k, possibly more if shareholders / recent buyers panic.
My question is, can SRSR pick their market maker, is it assigned?
Not really new, I originally bought some in jan 09, then a bunch in April (all in), sold most in July/August and have been watching for awhile now. On another board someone posted a reversal chart (it was on this board yesterday too) and I thought today would be a good day to load back up.
Maybe now the market will begin to reflect the true value here.
sweet I got 150k at .0509
I was gonna buy more today. Wow a single share sold at .078 would put SRSR up 50%.
investors hub "trades" shows
3,209,102 buys
2,358,585 sells
which totals: 5,567,687
Investors hub and Fidelity show the volume for the day at 4,138,542 for a difference of 1,429,145 shares. Also note that the buy/sells (?) that could not be determined are missing from the trades total?
All of those "out of sequence" trades did not count for the days volume, apparently.
Hmm, yes, I accidentaly bought a bunch at .095 today, I meant to put in .088 :-P.
That is odd, so all of those 124k trades were actually take backs?
FYI, I found the definition of inverse springlehoff (Finally):
1. A sudden involuntary drop to the ground: dive, fall, pitch, plunge, spill, tumble. Informal header. See rise/fall.
2. The act of plunging suddenly downward into or as if into water: dive, plunge, swoop. Informal header. See enter/exit.
3. A usually swift downward trend, as in prices: decline, descent, dip, dive, downslide, downswing, downtrend, downturn, drop, drop-off, fall, plunge, skid, slide, slump, tumble. See increase/decrease.
11 so far
11 * 124k = 1.364 million
Those are a reminder to us all that we should not do a market BUY, always set a limit. That's my guess at least. If that order had come through as a normal order, it would have been 840,000 shares (so far). A buy like that would look pretty good on L2... I might be wrong?
I think this pattern did become reality (in hindsight). It does fit and .08 appears to be base 3. I'd say .08 is the new .02 and should be considered the base to work from.
http://www.chartcenter.com/parabolic_curve.html
IMO
Or just maybe someone put in a market order in the morning and the MM took his/her time reporting it, possibly filling it from his/her own stash of shares. There are a number of possible reasons.
.17 is the ask on L2.
If you stare at L2 quotes all day you will learn to hate NITE like the rest of us :-/
SRSR is amazing. Crazy morning and we will probably end the day green for the 12th day in a row. Consolidation is over yet again. Even the chartist are happy with the gap filled. Those that got more today at .11 & .12 will have doubled their money mid next week.
The daily walk down towards end of day, which is no big deal, but former mod "accidentally" sold 500k shares at market (stop loss). The BID support was light at the time, so it dipped fast scaring more into selling. Basically 1 million shares sold at BID in about 15 minutes. It did bounce off .17 and ended green.
exactly, thanks T... you knew what you were doing, 500k sell at market basically. During a bit of a lul, then add in those who just bought in a .2 and seeing it drop spng style there for a couple minutes.
Bid support is great too, already 4 bids at .19+
Maybe just drop the sell levels, they change everyday anyway .
You never know, only the MMs know how many shares are for sale, if 200-300k of the .12 wall gets taken out, the ASKs might drop back to higher levels.
Without the longs we would not be in the place we are today. They have eaten up so much of the float that it is taking very little buying volume to increase the pps. Thank you longs for providing the base for this great run!
I bought in Jan of this year was up 15% for a couple days, lost 40%, freaked out and sold 2/3 of it (mistake in hindsight), most at .018... argh... If I had the resilience of many of the longs here, I would have another 250k or more shares to my name (or at todays pps $30k+). I did get back in in early May during that first bump up and have continued buying up to .07.
I'm going to have to go with RedStick on this one. I've been staring at L2 for two months now. For the last few days, NITE has not been as active as it had been for what seemed like 4-6 weeks, where they continually undercut the ASK (maybe they are out of shares to sell?). We're in a bit of a stalemate right now. It will take a large volume of sells to drop the price back down to resistance levels, while it takes very little buying volume to increase the price.
From L2: 11 BIDs above .09, that's nice to see.
Did anyone here get a BID filled at end of day?
For that 1.5 million share trade to go have gone through at EoD, it would have had to be a sell at market, taking out most of the bids all the way down and past .093 (to average .093). I think it was just an out of order trade from earlier in the day.
5 million traded in first hour. Could be a 20-40 million share day.
Better check your orders at all of your brokerage accounts, you don't want to let some .10 order go through you setup 6 months ago!!
I also think it points out that a third party has already seen the report and based on the report has provided funding for the additional activities. Third party may be a JV, bank/loan, investor, other...