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I have been in many R/s's as well.
I actually did well on one of them (was pleasantly surprised when it trended upwards after the R/s); it was a legitimate company. It was done to allow them to uplist.
Most R/S that i have been involved with and failed were:
A) Done in order to KEEP them on the BB (these hardly ever work out; there is usually a reason why they are risking being delisted; trend usually continues down after R/S)
B) Company says they want to uplist. If they are legitimately looking to uplist and their books point to the fact that they should be trading on the BB, then this is required. Mostly though, OTC's use uplisting as a means to just sell more shares and never plan on bringing any shareholder value.
C) Bloated pigs that needed to R/S in order to further dilute.
CYDY hopefully will be a rare one under category B. If they are going to R/S, I would prefer positive results from their drug first and then R/S right after. Big money would then flow in.
I have watched this for I believe a couple years now. In and out a couple times.
When do people who actually believe in this actually try to separate themselves from the potential and ask "If the potential is so great, why are the results just not there?"
I don;t think anyone is doing themselves a favor to chalk it up to the salesmen are not doing their job or the person running the company does not know how to get the word out.
If something is as revolutionary as everyone is saying, shouldn;t it simply sell itself? I would think you could suck extremely bad running this company and people would be forcing you to sell them your gas.
Everyone is in love with the potential / hype that is being promoted and not stepping back to analyze just why the results don;t add up?
It is not failing because of the constant selling by Carla. The selling is due to what the company is..
My opinion anyhow.
All the best to everyone who continues to dream big here.
Wait until the day when everyone has access to their own DNA.
Woman asks: "Do you have the DNA that will produce Blue Eyed Babies?
Male: "No, only hazel"
Woman: "You suck!"
GSS - Someone bought a nice chunk a few minutes ago...
I will go one further. If the world / economy keeps heading in the direction it is currently going (and I am not sure how we reverse what is going on right now), by the end of the year people will be wishing they loaded up when it was $1500....
I just hope when I decide to take profits, it don;t miss the next leg up..
What do I know though :)
For sure. It should be a very good Q for them. I have 28K shares now. Was tempted to sell something today to add at these prices, but I think I am good with what I have.
Very heavy in a couple of gold stocks right now.
If gold can hold up good into next week I think we are "golden"
EPS Q1 would be based on what the price was for gold during the entire Q.
Would not be based on $1300 gold.
Earnings should be good though unless something unforeseen happened at the company.
lol. $58,000,000 a share in 2010.
Now $2
I challenge anyone to find another traded company on the big boards like this.
Talk about a way to keep your business. Just print more shares.
I understand how the otc market gets away with this, but it is amazing this can happen on Nasdaq.
What's more amazing is people continue to fund this company.
Owners gotta be laughing all the way to the bank. Their business sucks but they never have to worry about bankruptcy. Job security at it's finest!
No split ...650 x $50=$32,500
With split 77 x $400 =$ 32,500
Maybe I missed something, but a split does nothing to the value of his account.
I am waiting patiently here before avg down...
I believe tear just announce an S-1 for $15,000,000....
Wish I could take credit for my call, but I was reading it from someone who is supposedly highly respected. Forget who it was now. Of course everyone has their own opinions but I respect yours and the fact that it closely mirrors this other guy probably says something. Definitely scary talking about 1300's but it is being talked about for a reason.
I have very little doubt this rally is a dead cat bounce and everyone shouldn't forget how quickly things can fall apart when momentum hits. Look at the start of January....
They are trying to justify oil at $40 but I just don;t see it. I think things are going to spiral down very quick when it starts. Wait until the bankruptcies start to show up on the lenders balance sheets for oil company defaults.
Right now i am probably 40% vested in gold related stocks...
S&P to hit 1300 as the bottom. How close am I?
Your prediction was pretty much dead on :)
Looking to roll my SQNS profits into this Matt. Waiting here to see if I can get a bit more from SQNS. Hopefully I do not miss the UAMY train. lol.
Like you have said. Every dog has it's days!
Looks like nete is temporarily out of the doghouse.
Lets see how far she can go.
May need to revise the amount of volume that is going through.
Just a bit further to some real fireworks!! :)
We are either going to see a tear to $1 or a pr / dilution.
Coin Flip!
Lets see how much they care about immediate shareholders here.
Lets see how smart these clowns are. We have all runnups like this happen on implending R/S's only to see a PR kill the momo.
It would be something if they were actually going to try to take this over $1 to avoid the R/S in may.
Let's see what they think of their shareholders. lol
How's your mom?
Nete - Breakout!
I believe earnings are AH today.
All investors are losing.
99.99% of day traders losing here also.
Fact.
So everyone here who are longs will be trying to spin this in a positive manner of course.
With OTC's I always approach them with my glass "half empty" just because of the very nature of them.
I have about $4K invested in this so not a small amount for myself, but I am able to look at things from both sides of the coin (not sure if most people actually brainwash themselves into glossing over the potential negative or actually think that ihub makes a difference in how these things move. If a company does good things the price with move positively, if they do not it will move negatively)
Until we see exactlty what the company does in the future, here is my (glass half empty) take on this notice:
The vote on #1, 2 and 3 will be a yes (they always are as you and me have no say on these due to the way voting rights are structured on these OTC's)
So as of the notice they had 100 mil authorized and 80 mil diluted.
This means as of the notice they have 20 mil left that they could dilute if they wanted to (maybe they already have, dunno)
Now they are saying they are going to vote to increase the authorized commons by another + 100 mill along with 20 mill prefered's.
They are also voting on a private placement.
My take is that they are not going to vote on increasing by another 100mil commons and 20 mill prefered's if it is not going to go through. If the positive spin here is that the private placement is going to happen then you have to take the negative spin that dilution is also going to happen.
And the other negative with prefered's as we all know is that the people that own them are not affected by things such as R/S's. I am by no means saying an R/S is about to happen (especially if they go ahead and authorize another 100mill; these would need to be added to the OS before an R/S were to happen)
And on the Private placement thing:
If the company does not care about shareholders, a private placement will be structured to be damaging to us big time. And then if they do not put those funds to good use.....
So it all depends on what happens here. This could be bad, may be good. But like I have said in my previous posts about OTC's, when a company starts to mention increasing the shares, it is mostly not good. I've seen it way to many times.
From my point of view, until I see see what happens, this "shareholder" meeting is negative.
Time will tell I guess.
If it hits a penny again, will probably double down my position. Right now just content to sit on what I have and leave it on the backburner. This will either eventually make people who got in with lots of shares under a penny very happy, or turn out to be a typical thing and they will have wished they sold @ .06.
gl to you and all who held through the latest P&D.
Hopefully this does turn out to be different than just about all these OTC's.
I've kept all mine at a loss right now; first time i have dabbled in OTC's for a long time, now I know why. lol.
Odd's are definitely against this being any different than all the others, but all you really have with these are hope. Not a sound investment strategy, but it is what it is with these.
SQNS - Gunning for a new 52 week high. WEEEEE. lol
Good of you to take profits when it was at .07.
There is so much time before the R/S.
Why don;t you capitalize on the now instead of looking to the future?
Really don't understand....
Summary: Buy or sell; "Flip a coin people"
Not so much so far..
Looks like since they need to stay above it for 10 days and they have until March 29, they would actually have to get over $1 by March 19, then keep it there for 10 days (March 29)
So they have this week to get it over $1 (or go for another extension)
Only option at this point looks to be an extension and I don;t want to throw a dart in order to make up my mind so i bailed with you.
Thanks for the heads up on this.... That's why i love orions :)
Dumped my RADA and picked up GSS Matt.
Go with the Momo. Gold looks like the place to be for now.
Have a bid in right now for 42K. Half filled so far here.
I am not seeing 80%
Obviously not traded these things much. 80% in my book is ouch in pennies.
Waiting for next comments about people dumping or dilution is happening.
I agree Matt.
Easy way to make your sp look good short term is to buy back. If this is what they are doing it will fall apart real quick.
I've been informed break of .61 would be huge.....
NXTD - I'm not a great chartist, but it looks like if it breaks .58 will be big?
Nice Volume so far. Holding all my shares. Looks like they are letting it run after a bit of a fiasco.