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Well they are 99.9% of the time.
I take that back. I see a t-trade now. Dang. They are diluting.
Wow! 30 year old article contemplating suit against Hanks? Now I know I have to load up tomorrow morning.
T Trades are dilution. T-trades are trades not reported during regular hours. Feel free to google them.
Digging up articles from almost 30 years ago? Do you think that will be a topic of discussion at his upcoming speaking event? I have seen everything now. Now I know I need to load up tomorrow!
And it really has the potential to run. L2 pretty thin both ways so any news that will bring buyers and and kaboom!
I didn't see any t-trades goarmy...
They don't run out of shares because they are on both the bid and the ask. So they buy at one price then sell a couple of clicks higher. Then someone sells into their bid and rinse and repeat.
I jumped in this morning at .0037 thinking nice float and good news. NITE, CDEL, and ETRF were on the asks and bids all day long. If they weren't shorting, we might have had a nice run today.
MMs are in charge and we are all just playing their games. Oh well, just going to hold for awhile and see what happens.
On a positive note, I don't see any t-trades so probably no dilution today.
Unfortunately, there are no after hours for OTC. Those are t-trades which almost always signify dilution and most probably from the note holders.
I will admit I was wrong. I believe it had to be the note holders selling their court appointed shares and I I didn't see that happening so soon.
I do believe there will probably be more to follow too. I may get back in but not until this sell off is over with.
I don't recall him ever stating he was moving $338 million into Maple. I do recall him stating that he would be moving Maple assets into MMEX shell company but, to my knowledge, no one knows exactly how much that is worth because Maple was private. I think the amount should be revealed in the quarterly filing.
Do you think that is what Hanks will talk about in his upcoming speaking event?
Vulken, someone with a lot of shares was dumping today. There was a 28 million dump on one occasion. Then you could see that they were just waiting for the .0005s to build and then they dumped right into it.
Probably note holders are only ones with that kind of volume of shares. I don't think the company was dumping.
Probably not that long. Ticker change and new website projected by beginning of June.
I was a believer in ORRV until today. All those .0005 dumps today had to be note holders dumping. After seeing the last filing, I think the note holders still have plenty of shares remain too so I fear it will continue.
I may get in once I see the dumping has stopped but not until then. I really hope the best for everyone! GLTA!
No way it will go in the .0004s. Support in the .0006s and at very worst, perhaps a couple of sells in the .0005s but not going to .0004 unless you want to sell your shares there to prove me wrong. I would happily buy them from you.
Too big of an ROI potential here and with merger date set for June with an 800 mil to 900 mil float, ORRV (MCCU) is going to sky rockett in price particularly as the date approaches.
Well said Axe. ORRV, aka, MCCU is going to be big!
I am not sure. Maybe a pump and dump. I bought some shares as a flyer because of volume and float but not expecting great things. Just a lotto play for me.
Really nice time to get in. I admit that there seems to have been lots of procrastinating but there is no indication that the merger is not going to happen still.
A 800 to 900 mil float and 300 mil share retirement and ticker change and this baby is going to soar.
Nicely said!
Looking at revenues, projected revenues and assets the company is way undervalued. Sure there is going to be day to day fluctuation and long periods without news could possibly have short-term effects but as long as the company stays profitable and revenue grows, rest assured so will the stock price.
Yep. For sure. T-trades never are a good thing but the lack there of is!
First day in awhile with no t-trades. Float getting tighter. Company has strong fundamentals. Still very much undervalued here. Flippers are really only thing keeping price down but eventually the PPS will catch up to it's fair value.
Story still has not changed. Sure, in hindsight I wish I would have flipped. It's tough seeing it bleed out from silver to sub copper levels but, in all reality, what has changed?
The only thing bringing the stock down is lack of news, nervousness and impatience and, if there is a silver lining, these levels have created very good loading opportunities.
Please don't respond to this post with the same rebuttals that we have all heard a million times.
Simply put there are only two scenarios. The refinery either gets built or it doesn't. If you are an investor like me, then you hope the goose lays the golden egg. If you are not, what is the point of being here?
I am looking for the statements but don't see them. Can you please provide a link? Thank you.
Thank you Boston.
I feel like I am beating a dead horse but trouble meaning getting themselves on Ted Cruz radar, plans being broadcast on television and being written about in major newspapers, involving other legitimate organizations. That sort of trouble.
If this was a pump and dump, the PRs would be a little less inconspicuous. He would not subject himself to public embarrassment or even perhaps fraud if this is his game.
Now maybe something doesn't fall through. Perhaps permits or financing but fraud is not what's happening here. I am confident he has every intention of making this happen.
Again, rewards outweigh risks.
He sure is going through a lot of trouble not to build a refinery. If his intention was to fluff the stock price he could be putting out a bunch of BS PRs but he isn't. He has every intention of building a refinery and no amount of dd has proven otherwise.
I am sure you will want to respond with toxic notes or no cash and you will probably bring up he has a history...blah, blah. blah and the same old stuff that has been brought up a million times here but the fact remains that there is no indication that he doesn't intend to build a refinery and until there is absolute proof that this isn't going to happen, I, for one, intend to remain an investor. I could also bring up points but they too would be the same thing everyone already knows.
Bottom line for me is reward outweighs risk. PPS will all get worked out in the end and no matter who says what, what will be will be.
Great Fundamentals. Non-biased dd.
First, the bad. From what I can see it looks like ACGX has about $525,000 in long-term notes but they reduced their overall debt by $225,576 in Q4 2016 and by another $23,700 in Q1 2017. It looks like ACGX is currently diluting to reduce the debt. However, the float is very reasonable for an OTC at just over 1.1 billion.
In retrospect, we all know ACGX produced a Q1 revenue of $5.1 million and 92% increase vs. Q1, 2016 and net income increased by $443,834 over the same period. They have assets on hand of $7 million and $168,832 in the bank.
They have some big name clients and some recent acquisitions and deals. The acquisition of PeopleVine has some enormous potential.
In doing some dd, it is reasonable to assume that they may be able to eliminate debt this year which could also lead to a share buy back. It is also very likely that growth continues.
The kicker of this whole thing is that their market cap is only $3.7 million. Even if we assumed that they had no revenue, they still have assets totaling $7 million dollars. Based on this alone their share price should be double what it is currently. All of this is going to sort itself out at some point.
In all reality, this could perhaps be one of the best OTC plays of 2017 and I intend to keep adding as I'm able! GLTA!
What was that Bob? Watch and Learn.
For an OTC stock to have 5.1 mil quarterly and 18 mil projected annual revenue with 7 mil in assets and a market cap of only 3 mil the answer is a resounding YES!
At very minimum, forget the projected revenue and forget the cash they have on hand, if they have 7 mil in assets then market cap should be at least that which would make the current PPS approximately double.
anytime you see a t-trade, it is a good bet that it is dilution.
One thing though King. Quarterlys are due May 15th. Not sure if they will file a q or not but when they do it will probably list assets. If the report is not late it will be out within the next three business days. Nothing here leads me to believe this isn't going to happen so I am holding until BOOM time.
I saw that. Disappointed. 5 mil in revenue but still need to dilute. Oh well. Maybe using the money to pay off its debt.
18 mil projected annual revenue. 5 mil quarterly revenue and a quarterly report that will come out within the next couple of days. The float is not all that bad. Only thing not to like here that I see is they seem to be diluting right now. Hopefully that won't last long. When quarterly comes out it may just be boom time!
Good for you Bob
lol. Ok and if it does go up just watch and learn.
Longs know what they own and are holding. Shorts are shorting and others just don't have the patience to hold. At least when there is news, this will see silver really fast.