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That does seem to explain the behavior of this stock.
Have you notice on Level 2 that there's only 4M shares on the 'ask' between CHDN's offer at .0015 and VFIN's offer at 10 cents? One $8K market order would take out the entire 'ask' and we would be trading at 10 cents.
Yes, this is a very slow and steady wins the race sort of stock. Very atypical for a pink sheet stock. Most OTC stocks live fast and die hard.
That's why I am going to use most foul term you can say on an iHub board, "reverse split". A reverse split would get us to the above $2 range where AXCG could then be listed on the NASDAQ or other exchange solving that problem.
I fully expect the public stoning now. Bring it on, I am ready.
Do you ever get the feeling we're all in the twilight zone and no one but us on this board can see this stock?
I'm excited to see what the market thinks of AXCG now. I hoping for a nice gap up at the open.
I think you're right, but the way any business works is you have the spend the money before you see the revenue.
I was thinking the same thing. Anyone that watches Football knows that camera suspended on wires above the field is controlled remotely.
But perhaps AXCG has done something unique. Is there a patent on that tech? If so we could look up the patent and see what they are claiming is unique and different from other remote camera control applications.
I think you're exactly right. That's why the delay in bring on the new city. CEO wants to post a break even quarter before he brings on the operational expenses of adding a new city.
Hitting break even is a seminal moment in the life cycle of a start up. It is a huge signal to the marketplace this company is for real and should be taken seriously. Investors can then begin to calculate company value based on revenues and therefore target stock prices.
So it makes perfect sense Chris would wait until he can close the books on Q3 before launching another city that would bring on expenses before revenue is realized from it.
Welcome back Sprycel. Last time you showed up we zipped up .0019. Glad to have you back on board.
Availability of video.
I was able to find the video on the FoxNews.com website without having to use its URL to access it. It's on the Tech page right after the featured video in the Technology Videos section. That's impressive. People will actually see this video.
http://www.foxnews.com/tech/index.html
I agree, smart move. I broadens the audience for Gander.tv.
It will be a very interesting market open tomorrow. Let's see if we gap up significantly.
So you're saying it's going to air on the local Fox affiliate in the NYC area?
Ok, again what channel, website, etc.?
I have no idea what that meant either.
My speculation is Fox would not be interested unless this was in conjunction with some major news. So this could be a double whammy for us. Great press release followed up with coverage from a major news network.
The alternative could be Fox is just covering a random Internet entertainment company in a tech interest piece. But I don't think that's the case.
Very cool. This may be the break we've been waiting for.
The link goes to some random video.
Is that 1:30 Pacific Time? Is that the FoxNews Channel or Fox Business News (FBN) or just the local broadcast Fox station?
Make it something big and exciting. LOL
This next PR needs to be something really good. After all the rumors of something really big is coming the stock price will get slammed if it's some fluffy press release about the website traffic being up.
I fear it will be a collection of minor updates that will underwhelm the market and we'll drop like a rock.
Here come da buyers!
The MM's have finsihed their shake of the tree and now comes the buying. Hang on for a good ride.
Let's say you're a MM. And you know the stock is going to run up in the near future. Wouldn't you want to get as many shares as you could at the lowest possible prices?
Anyone know the heimlich maneuver? Someone needs to do it on Chris to get him to choke up that much ballyhooed news.
The good news is there's 20M shares on the bid. That's more shares than we've traded on a daily basis in some time.
This is frustration selling. It's what happens when unsubstantiated rumors about big news coming, followed by lots of equally unsubstantiated pumping occurs and for weeks nothing happens.
At some point people decide to cut their losses and move on. Those that have posted on this board to stop the pumping have been correct. Ultimately it comes back to bite us all in the ass because unrealistic expectation were built up that were not lived up to.
I wholeheartedly agree. Gander.tv needs to stick to its knitting and do what it does best. Provide live video from the worlds best night clubs and events.
I'm not sure I would be too worried about that.
At .0012 the 185K shares traded is only worth $222. Essentially no ones selling and no ones buying. Well at least any significant amount of shares. We could have just as easily gone up two ticks on that volume and it would be just as meaningless.
I agree about Nash and Cam. They distract if not detract from the core offerings of gander.tv.
If they've brought more attention to gander.tv that's a good thing but are the people they've attracted really our core audience?
There was a great company here before Nash and Cam and they'll still be one after they've gone.
I hear you on that one. If you're going to pump at least have a good conspiracy theory to back it up. And yes the all caps stuff is just purely annoying.
Yes, oddly no answers to those questions. At least the pumpers on this board give plausible explanations as to why they think the stock is going to go up for the most part.
And you're basing you're super strong buy recommendation on what?
Care to share any details?
I agree at some point the market can't keep ignoring AXCG's successes. We'll be rewarded with a high PPS soon.
I have tried previously with another stock to take out the ask, and you're right it didn't work. As soon as it got up a couple of ticks the MMs took notice built a huge wall. As soon as I quit buying the stock price went right back down to where it was.
However how thin the 'ask' does say something. It won't take a lot to blow through them. It just can't be done by one person with limited resources.
That does seem to be the history of this stock. Great press release after press release, web traffic up, Alexa number improving, and yet the PPS sits there defiantly and does nothing. It truly is amazing how unaffected the share price is by good news.
Take a look at the Level 2 ask. There's only about 3M worth of shares offered to be sold between here and .0020. Take a look past that there's only 5K shares between there and 10 cents. Then it's only 100 shares to get to a dollar? Talk about thin.
If any serious buying kicks in we're going to the moon and maybe beyond.
Nash and Cameron aside what's hurting us now is the rumor there's big news coming. Every day it does not come the disappointment builds. If it never comes when the company does put out a PR on a new venue, city, earnings, it will be panned as underwhelming and the stock price will be pushed down.
For all our sakes I hope there is big news out there to announce. Something bigger than we've anticipated. It has to be to get this stock moving forward.
Was that a Market Maker Shake?
What we may have just experienced was a Market Maker Shake. That's where the drive the price down rapidly to shake out weak hands by dumping into the market. They do this to pick up shares at great price just prior to a big run up. It looks like a few people bit, but most of held long.
Now comes the run up.
What I'm waiting to hear is the big news, fundamental change, not more incremental frosting on the cake. Only something really big is going to get this stock to move.
We've seen some very impressive positive press releases on new acts, new venues, web traffic, and quarterly results in the past and the market just yawned.
Nice but I don't think that will have any effect on the PPS.
Can you post a link?