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I didn't see any people selling and if you read through the posts you'll see a LOT of people that bought .01. Many of them bought 50k 100k 250k and even bigger lots. Some guy bought over 500k. Thats heavy retail buying.
Also selling was done through UBS only it seems. Meaning only 1 major seller. And he sold from way high up. He sold .20 .15 .10 .05 .04 .03 .02 .01. Where would he get all those millions of shares sell?
in 5 days stock dropped .35 to .009 and traded about 17M volume. Over 15M were traded .055 or lower. 12M was sold lower than .03.
Now think hard. During run .01 to $3 and back down over 2 months FCNK traded little over 3M shares. Could all those buyers possibly have 15M+ to sell .05 and lower?
About Regions Oil & Gas, Inc.:
http://biz.yahoo.com/bw/061031/20061031005320.html?.v=2
Regions Oil & Gas, Inc. ("Regions" or the "Company") was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to otherwise engage in the oil and gas industry and exploration business. The Company solicits and acquires from accredited and institutional investors, the capital necessary to lease, develop, and complete oil and gas wells.
What do you think accredited and institutional investors got from FCNK in exchange for funding?
I am not bothered by much at all.
most of the shares were sold .01-.02. So you think shorters sold all those that low and bought them back to .09+? lol doesn't sound like a winning combination.
GL to you too. hope you guys bank here. I made my share and will keep a few freebies jic.
tacticts? you getting a little defensive bud.
transition or not someone has numbers. Either old TA or new TA. Its not like the numbers got lost in the mail or their dog ate it while they were away fishing.
where did the company get $ to fund the project?
you are right. much has changed since before.
I am not doing this at anyones expense. I posted my buys, my sells and my opinion of the company has always stayed the same.
When I was in I didn't pump and spread misleading information to get others to buy. I let the stock take its own course and trade for what it is. Theres is no need for me to mislead others. Trade by TA and you'll be ok. Thats my motto. Played MOMO first time. Played bounce after tank. Sue me for trading.
it moves quick but not like 5M OS stock.
When it ran .01 to $3 it was a 5M OS stock. Look at the volume. During that whole run the most it traded any single day is 504k shares. And that was only 1 of 3 days it traded over 100,000 shares during that whole run.
Now it trades 10,000,000+ shares in one day and can't break .10 after running to $3 before on most days trading less than 100,000 shares.
Now can you honestly tell me this stock still trades like it has 5,000,000 shares.
yep, when CEO gags the transfer agent its always best to believe the CEO. I am sure he wants to keep the transfer agents mouth shut for a good reason. Probably to keep number of shares a secret so people wouldn't start buying too quick. Its not like he'd want to hide 100M shares he registered to dump.
thats not a transfer agents number.
not all day but I did sell about 100k earlier from yesterdays .03 buys.
I still haven't seen the 5,000,000 share figure proven anywhere. Nobody has confirmed this with the transfer agent.
Some posters have said authorized has been raised to 100M due to the fact that FCNK was starting up a project and needed cash. Only way they could get cash is by selling shares which would have diluted the stock. Considering the drop this took its the only logical explanation.
Lets stick to the facts please. If there are 5M shares out there give a link or phone number where those numbers can be verified. Otherwise lets not spread info thats outdated and could potentially be very false. JMHO
got 40k left. maybe keep 20k and forget the rest?
not bashing. just trading the stock.
Bought bigger yesterday and stock ran up to 70% at highs today. Why not take some profit? 70% in one day not enough? Not looking to give up gains because I am not interested in adding more at bargain prices. Still have 40k left on this last batch and they are all freebies now.
outed 20k .047 and another 50k .04. should have sold some .05 but was busy in the am.
nice move here. Looking at that chart makes you want to drink some vodka to celebrate. But I wasn't in so I'll pass the vodka to the rest of the board. lol
always a possibility but someone should still have a numbers IMO
how can it not be available? Each company has a transfer agent and its their job to keep track of all of those numbers.
Why would he keep that info in the dark?
whats on the pinks is outdated. have to contact a transfer agent for correct figures. thats if they are are not gagged.
weird. FRAN, SSGI sometimes are black holes on the ask and at times I suspect they sell shares for companies. Probably get a big block to sell and work it for them for a fee. Don't see FRAN on buying side as much but when he is around usually he has some punch. So this is definitely interesting.
TRWN isn't around that much so not too familiar with their operation. Guess time will tell.
don't know if she'll forgive you but I am sure she'd appreciate a nice vacation :P
doesn't look like an average broker website. Doesn't even have a link to open an account. Maybe I'll give them a call later and see what their deal is.
hmmm do you know of any brokers that allow trading through those MMs?
oops, that wasn't a nice way for market to welcome you. But maybe it'll work out in the end. Been a long way down so this might bounce back up with time.
great post.
Not sure whats going on here behind the scenes here. I put a buy out .01 earlier today and same second a bunch of weird MMs started coming in bidding.
FRAN TRWN SSGI? Those guys are not retail are they?
thanks, good luck to you too. wish it runs to $1 for you, I'd be happy. It'd mean we all made good $$$.
do you have confirmed OS/float numbers from the TA? And have contact info where I could verify?
going to pass on such unbelievable deal? lol wish people talked with action.
lol we are all board junkies.
FCNK your first stock? Hopefully its in the positive?
if you really think its going to .20 why don't you buy another 15k here .04 to finish up another 20k sell I got out there.
at .20 it'd have a market cap of 10k? are you trying to say OS here is 50,000 shares? Does that mean I own this company 2 times over?
BTW just sold 20k .0395 to be safe. Not much but $190+ is fine with me, brings my avg cost down.
yes. I'd rather have 1 bird in my hand than a dozen of them flying around.
Just imagine how I'd feel if I had lost my chance to take profit at .09 during last run. I'd rather lose profits than take on more risk.
not sure you can call a triple in one day a short run. won't bring up 900% in 2 days since I wasn't in for all that. In my book thats a MASSIVE run but thats JMHO
But in your book yes, I'll be here for a short run, not holding out for $3 or whatever your goals are.
hey stop that with bong comments. even a pothead would know to sell a 900% run in 2 days.
crackheads is what we should be worried about.
btw just cleaned up .03 right there. wnayone want to sell some more?
yeah I do read the shell board and like a few posters there.
Good points about dilution. Most of the time shells have no need for funding since they are not running a business which keeps dilution away. I'd rather own a shell without a business than a company with a business that dilutes its shareholders to death.
AUGC nice almost 1B volume already