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I remember Dr. J - http://www.letfreedomgrow.com/bio/dr_jay_bio.htm and had much respect for him and AAMC.
Here is a better link for the newsletter: http://www.letfreedomgrow.com/newsletter/
At UCCS Dr Bob teaches a course on medical cannabis—one of very few in the world. He declares that cannabis is “an anti-aging drug with incredible health benefits.” He will undoubtedly be proved correct.
...I know they want to specialize in helping troubled and sick people not just run a pot shop for all the phony prescription patients...
ETMM just joined back in at #3 with an ask of 0.137, in front of NITE at 0.139
Whoops! Now ETMM moved their ask down to 0.122
ETMM just moved their ask from $0.120 to $100.15... !?
Must be happy hour.
60 days from Jan 27th is Mar 31st, more or less.
Whatever's going on, the buy index is showing a strong buy signal.
I'm wondering the same thing.
It does appear CPOW has turned a corner. I don't see any news. I even checked for an SEC filing. None.
The buy volume has just definitively exceeded the sell volume, that's a significant flag.
Will the markets be closed?
VRAL sure knows how to draw a pretty chart.
The longer it takes to close above 0.047, the harder it will run when it does break out - my prediction.
Friday before a holiday? I don't expect any rallies today.
But, the second thing is they have been trying to get shareholders together for something that they are about to announce...
And for the divy, I would have more respect for CBIS, if they just stated that it didn't work out because at this point it really can't get any worse...
I heard they were going to announce the purchace of a new coffee machine in the employee lounge.
I think what IHUB reports are the MM trades.
For instance, AUTO has 20 orders for 1000 shares at .05.
AUTO buys 10,000 shares at .05, filling 10 orders.
IHUB shows a trade for 10,000 shares at .05.
AUTO buys another 10,000 shares at .05, IHUB shows another trade for 10 shares @ 0.05. AUTO fills another 10 orders.
It does appear the buy index for CPOW is leveling off. That's a good sign.
OTCMarkets is working again. Appears they got their glitch fixed just before the bell.
IHub does not show every trade. I had a trade execute today and the only thing showing on IHUB anywhere near that time at the correct price is a trade over 10 times the size of mine.
In other words, those 'big blocks' could be aggregates of smaller blocks, and odd lots. I suppose people do buy odd lots of penny stocks, though I can't figure out why.
This stock does not have normal days.
I suppose that's why it fascinates me so.
Look at this, still zero: http://www.otcmarkets.com/stock/CPOW/quote
I see the stock is still trading, so the problem is with OTCMarkets, not the stock. I haven't been watching today.
BTW, I see my broker doesn't allow shorting of stocks under $3.00.
I just looked over the trades and the only thing I see resembling a 'big block' is a sell for 100k and a buy for 100k, and considering that works out to $11,640, that's not very big in the scheme of things.
What happened at noon today?
www.otcmarkets.com is showing 0 price, 0% gain, and 0 volume.
Open, previous close, and etc.. are "N/A"
I see, it's not just CPOW, evidently octmarkets got hacked at noon today.
If it was signed on the 15, that was a Saturday, which would imply that weekends count, which implies that the deadline is Feb 25.
If weekends don't count, it's Mar 18.
If true, the implication is those 26.25M mystery shares are restricted. So who owns them?
BTW, I wasn't far off. What's 20M shares in the scheme of things?
Trading 120M shares in one day is rather suspicious if the float is only 129M shares. But it's not all that impossible. Everyone had just had their shares tripled, and the stock had run up enough that they could sell their stock dividend at a substantial profit...and hold the 'original' 3rd of their position.
When a stock is on a run like that a lot of shares get flipped in one day - buy in the morning, sell in the afternoon at 25% (or more) profit...
What if those mystery shares were shorted at the peak?
Put that in your pipe and smoke it.
Should be 29 Dec trading peaked at 120M shares, not 9 Dec.
I found the wikipedia article on 'naked short' very interesting.
The fact is, I don't know much about short selling, and didn't now what a 'naked short' was until you prodded me to look it up.
This goes back to those missing 9M shares from the purchase of GBE, of which Shenher owned 97%. Or was it 94%?
Anyway, GBE cost CPOW 28.6M (pre-split) shares. 97% of 28.6M = 27.7M.
For his 97% of CBE, Shener got ~19M shares, which he split with his wife. 50K shares are assigned to his son.
So that leave 8.75M shares missing, which it seems to me I have pointed out ad nauseum.
3:1 split 7 Dec 10 turns those definitely restricted shares into 57M.
The 8.75M mystery shares turns into 26.25 M.
And I see from my notes, on 26 Nov 10 91,050 shares of CPOW were issued for 0.03% of the previously outstanding shares of GBE. (My notes say 0.03%, but it appears that should be .3%, which still leaves a couple of % of GBE unaccounted for.) In any case, those become 273,000 post-split shares.
In all there are an additional 4,474,924 shares that may still be restricted. Or they may not.
Anyways, there are 240,077,760 shares issued and outstanding, of which the Shener's 56,994,387 post-split shares should be restricted. Maybe 60M shares restricted, gives 180M float.
The most heavily traded day was 9 Dec 10 with 120M shares.
Even if you subtract the mystery 26.25M shares from 180M, you still got 150M shares unrestricted ... which leaves 30M shares for the die-hard till-death-do-us-part crowd, which seems like plenty to me.
This is assuming none of those 50,016,000 issued and authorized shares as of 30 Apr 10 were restricted, which turns into 150,048,000 post-split shares.
Now that was an interesting link.
an annual revenue of $1 to 2.5 million and employs a staff of approximately 5 to 9.
CPOW has a classic textbook head-and-shoulders formation. It is not just a spike and pullback.
CPOW's head-and-shoulders is after it's spike-and-pullback. It could be used as the definitive head-and-shoulders. It's about the most well-formed one I've ever seen.
Maybe you should try looking at charts in linear scale? You can't really see the patterns in logarithmic scale. Myself, I don't see why anyone would use logarithmic scale.
Huh? Not a one of those has a head-and-shoulders. The only one that comes close is CPRX.
There's more to a head-and-shoulders than a spike and a pull-back.
Do you think it's wise to advertise on the internet that you launder money? :)
Boy was I ever wrong.
Well, it isn't the first time.
Nonetheless, it's too close to 50/50 to be positive it would pass. I'm definitely thinking it won't. I still stick by my theory that cbis won't see any significant gains until post 2012.
Just realized it was Aug-Dec of 2009 that CPOW was worth 0.0033, not 2010. It only got down to 0.05 in the fall of last year.
Also, there was absolutely zero volume from Aug-Dec of 2009. Zero.
I actually looked over the short interest on otcmarkets yesterday.
I think it explains a lot. Someone started shorting 100 shares, and then went up to 4,770, which was greater than the daily average volume.
If I understand this correctly, the stock had no volume and therefore one person was able to short it down for 3 months, until volume completely dried up, and the stock was worth 0.0033.
Why is there no data for Sep, Oct, and Nov? Was the price too low to short? Is there a threshold price below which you cannot short?
From 541 average shares traded in Aug to 45,742,628 in Dec is truly amazing, even with a 3:1 split.
Whoever they paid, and however much they paid them, I'd say they got their money's worth.
Mulder, I want to believe.
Thanks for posting the short interest every day, and for keeping an archive of it which you post every now and then.
I think the fact that they got some school in Texas to let them use their lab and gave them $1.5M to research AIDs/Cancer and $750k to research bio-fuel potential makes that relatively unimportant.
And then there's the people involved. No need to list them here, the report does an excellent job of that.
Those grants give substantial legitimacy to their claims, no matter who or how much they pay to publicize them, don't you think? Within reason, of course.
Speaking of horizons
did you account for the North Pole moving to Siberia in your calculations?
You think? How long will it take them to build this factory and get it into production? 6 months? A year?
According to my calculations, the Chongqing deal isn't going to do much more for their bottom line than running the Regina plant at full capacity.
Granted, closing the Chongqing deal will probably do more for the stock price than running the Regina plant at full capacity. For one thing, it will insure they continue to be a going concern.
More from Biotech Stock Review:
Today we (Biotech Stock Review) issued a press release announcing that are updating coverage on Viral Genetics (VRAL) as well as to note that we will be issuing a detailed research report before the quarter is out (a more reasonable time table).
...
What was anticipated was:
1. Appearance on the Wide World of Stocks in December.
2. Initiation of Clinical Trials at Scott & White Cancer Treatment Center in Temple, Texas.
3. Full report issued by the Biotech Stock Review in December.
4. Full report issued by Research 2.0 in January.
5. Report on progress of recently formed VG Energy, a majority owned subsidiary.
What actually happened was (December and until last week):
1. Appearance on the Wide World of Stocks in December.
2. Funding of Clinical Trials at Scott & White Cancer Treatment Center in Temple, Texas (a huge surprise).
3. Full report issued by the Biotech Stock Review in December (okay make that late February, early March)
4. Full report issued by Zacks with a $0.15 price target.
5. Full report issued by Research 2.0 with varying scenario price targets ranging from $0.43 to $3.00.
6. Four mentions in Biotech and Health Care News.
7. Detailed coverage of VG Energy in Energy Boom magazine.
8. Settlement of a lawsuit and subsequent reacquiring of their South African to HIV/AIDS technology rights.
9. A wonderfully detailed shareholder letter from management
10. And finally a gradually increasing share price (up 53%) which results in favorable technical readings.
...
So we thought, "like ourselves, probably everyone else has forgotten all of the amazing (and enlightening) amount of information buried in that single press release issued nearly four months ago -- so lets just "cut-n-paste," and re-release it in "report" format and use a bold font (an uncommon practice in press releases) what we consider was jaw dropping, of which there was plenty.
You can find the "update" here: www.biotechstockreview.com
http://biotechstockreview.ning.com/profiles/blogs/ia-updating-viral-genetics
This came out four hours ago:
The San Francisco Chronicle - Viral Genetics' Milestone Accomplishments Cited as Biotech Stock Review Issues Update
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/02/11/prweb5059474.DTL#ixzz1DgFkKhXx
I consider this major publicity and expect a gap up Monday.
In any case, I just doubled down.
There's a link for the review in the article. Check it out. That's what I'm doing now.
So what happens to those penny dreadfuls with prices less than 0.00010? Like 0.00007,0.00005, and 0.00001?
Are they going to all have to declare reverse splits, or are they just dumped into the circular file?
I can't recall anything with a price like that off the top of my head, but I'm pretty sure I've seen it on something.
How many of you bought into this stock at a lower price than today?
I'm still trying to figure out why I didn't take my own advice about this stock.
Short Interest & 666
http://shortsqueeze.com/?symbol=cpow&submit=Short+Quote%99
This is showing short interest of 186,600.
Prior short interest 853,200.
Short % increase / decrease -78.13
Total shares outstanding 146,550,000.
Ave. daily volume 9,858,700
853,200 - 186,600 = 666,600
Oh, I see, those figures are for January 14th & 31st.
http://www.otcmarkets.com/stock/CPOW/short-sales
I've never looked for short interest data before. Or thought about it really. Shorts aren't going to pile on a stock unless they have a good reason to believe it will go down.