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I feel bad for those in BHUB who are trapped in Halt and were going to sell and move into CHNW.
I did not get my EFIG
KA12 - my post this morning agrees with you...notice I said this before you talked with Ron
===I am personally expecting the symbol change tomorrow (Friday). Esprit has been saving a PR to announce this change. If no PR this am, then maybe later today we get the news wire.
I hope in that symbol change PR, they give us some latest NOBO list share counts to indicate what the possible illegal shares there might be.
My understanding, after symbol change, then MMs have 3 days to cover. So w/in a week of the change, it could get pretty darn interesting.
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Funny the uptick after KA12 posted results from Ron discussion.
Ron gonna want and extended vacation after this finally happens
I was thinking the same thing. Alot of penny trader capital now locked up in BHUB.
PRTL now looks like a breakout play
It looks like PRTL got some getty-up. Volume surge yesterday and continuation so far today.
I am personally expecting the symbol change tomorrow (Friday). Esprit has been saving a PR to announce this change. If no PR this am, then maybe later today we get the news wire.
I hope in that symbol change PR, they give us some latest NOBO list share counts to indicate what the possible illegal shares there might be.
My understanding, after symbol change, then MMs have 3 days to cover. So w/in a week of the change, it could get pretty darn interesting.
(OT) I was reading that board abit yesterday. And you thought we had issues here on Tuesday? That place was a Zoo!
It was nice to see how civil we were again on Wed. All the bashers disappeared.
Kinda Weird, no PR by 7am. Could it be? Maybe? Possibily? Hmmmmmmmm......
Overall, their market cap does not change when they list in Frankfurt. Therefore, the O/S does not change. So what must happen, is the float must be distributed between the 2 exchanges.
SubPrime Lenders are exploding on news of Government Bailout Proposal
The drift down has created some upward resistance. It is normal.
Very nice buy pressure. Too bad, I was gonna pick more up at .0006.
Thank you Rig, and all supporting. I will attempt to provide the same standards and level of quality to this board in which we have grown accustomed.
When CashNow originally went public, they had annual revs around $10-$12million. Obviously, the payday loan business has seen many setbacks(mainly from a state-by-state legal issues). Ramping up payday on an international basis sounds really encouraging to get that division's revenue back up.
Of course, we also got the whole Chang connection with EM2, debit cards and Check21 coming online.
And then there is Forex. Forex will be interesting. They obviously need to do a good job marketing to attract the right customer base. I think Forex in EMEA and Far East will be much bigger than the US.
Unless they surprise us, I don't expect to see a huge revenue boost for Q1. Their expenditures will/are much higher lately as they grow their business. The financials will be good to get a general sense of the balance sheet. However, I don't expect a profit for Q1. Q3, I expect to see the revenue streams to really start to kick in.
Interesting patent research. I would compare the original ATM patent by White versus Chang/Gentile's patent similar to the creator of the Wheel, vs the creation of the Wheel with an Axle. The Chang/Gentile patent took the ATM machine to a level of practical applied use beyond White.
BTW, bollinger band compression mean an imminent breakout...but it can be a break in either direction. Obviously we wanted higher. But with the symbol change dragging out and the masses appearing to be obsessed over it, we went down instead of up....not to mention how the MMs played us.
For subpennies, I just tend to look at support and resistance levels, and moving averages. Complex technicals just don't hack it down here, imo.
itlogic, obviously nothing is guarranteed. But, what we do know is that the symbol change is a necessary step in their business plan. A company is often identified with its ticker symbol. We need this new one that is associated with Esprit (versus CashNow). It is also needed as they go public in Frankfurt. The symbol requested in the Frankfurt exchange needs to be the same root at the US markets...and I don't want the application to be delayed there. Esprit still does not know the exact new symbol until NASD gives final approval.
Will there be a short squeeze within a few days after the change? Maybe. Some pinks/otcbbs skyrocket after such a change. Others do not do much after the change. The unfortunate thing is the delay has given the stock a reason to drift lower. It also killed the upside of the Forex production launch since people were focussed on the symbol delay.
I believe most of the employees are out of the Toronto office. IBOX has the contact info as does Esprit's website(s).
Chang is from California. I believe there was mention of opening an office there (most likely to accomodate him).
Executives are traveling internationally this week.
It is funny how people correlate a company's success based on the current stock price. A great company does not always equate to a great share price. The same is true in reverse....crappy companies can have great short-term pps.
Short-term, you detach yourself from the company and just follow the market action. Long-term (ie, fundamentals), the market will converge on an appropriate fair value. Right now the market is saying we are only worth around $3.5mil. I can say without a doubt, fair value is much, much higher.
Nice position. Time is on your side.
I think he said it will be within 2 days of the receipt of the updated documentation. So if the everything was faxed today, the change would be Thurs or Friday.
Focus....not on day-to-day, but rather big picture over the next 12 months. The market cap will straighten itself out. Use this as a buying opportunity, if you can. Then, focus on 2008 pps. Think of this as a IRA or retirement plan.
If you don't look at the pps, everything else is running smooth with the company's growth plans. The pps will reflect this, but only after the crooks with the large bank accounts try to get your shares. Flippers will always be with us. The good thing is that we are just about at a price that major buying will return. Those with experience know what I am talking about.
If you got about 2 hours, this presentation details the entire process of naked shorting.
http://www.businessjive.com/nss/darkside.html
Or these?
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Either there is no interest in CHNW, (not possible) OR the MM's have the "Emergency Brake" on this thing!
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And how can someone's bullish tone change so quickly? When they start to sell, me thinks.
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I plan to take a few (not many) CHNW shares off the table this week after it runs ... 3/18/2007
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Within a few weeks after that, nothing but bashing posts.
Or, how about who posted these?
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I'm up and waiting for the Next PR.
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I really don't care what a Company does. I'm here to make a few bucks.
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Morning All! Looking forward to a Great Week! :)
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NEWS!!!
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We are runnin' with the Big Dogs now! :)
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Has anyone called the Company???
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Guess who posted this?
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I have been in this same situation before. It really didn't matter of the (then 2 Billion shares traded in one day) outragous volume, the stock went from .0001 to .028/SH.
That stock was QBID.
CHNW is a whole other Animal!
I see how CHNW could easily pass .02/SH within 4 to 6 weeks.
Many people in QBID sold way too early. It's hard to hold when you see your account rise with such power on a daily basis.
If you have never been involved in a Huge Gainer stock before,
then CHNW will test your steel over the next several weeks.
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I have been watching the chart this past week seeing the possibilty of a .0006 test. We are now getting that test.
That is the entry buy price for most swing traders, so I expect big support there over next few days.
Capitulation is a good thing as it clears out nervous shares and replaces it with fresh owners. I will be looking to add more tomorrow .0006 if that opportunity presents itself.
Once the symbol change happens, I expect a chart reversal. The 50ema is now about .00095. So we will gravitate back to that price fairly easily.
Remember, all these days of 100mil volume is only $100k changing hands. That is pretty small money in the market.
I was wondering what why all these jumps in the post numbers... I had to check my ignore list. I see why now.
SOP. You don't put out PR's that have negative tone.
I just gave FANC, the new MM a call. Of course, very tight lipped. However, they don't deal with retail investors. So they are and advocate of a larger firm buyer.
One of our new MM supporters that were courted last month starting to finally show up?
Yes.....a new MM wants this baby higher
Dang, I thought maybe I could get some more @ .0006. New MM on bid FANC w/ 5000 showing...Nice.
Well, it was intended 3 weeks ago. So who knows. It has been stalled. And yesterday it was revealed the need for and extra fax by the company.
Based on everything I have seen, there has been an effort to slow this down. In the mean time, MMs been using their techniques to kill upward momentum and force selling.
The Big Boys always profit....we just try to make some spare change here and there.
A MM 'enforcer' just knocked on his door and hustled him into a black, unmarked van.
Sometimes the negative trades are those that a MM and/or broker agrees to break.