Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sure, no problem!
Oohhhh, I like that one. Thank you! This will come in handy.
Here you go, I just pulled this out of my toolbox. I haven't used it to get the actual individual trades, but you may be able to get very close if you do it by the second. I've used it to get "by-the-minute" summaries:
Google Finance
In Google Finance, intra-day data is available free for several stock markets. The complete list can be found here.
Data is available in several frequencies with the lowest one being one-minute time frame.
The URL format is: http://www.google.com/finance/getprices?i=[PERIOD]&p=[DAYS]d&f=d,o,h,l,c,v&df=cpct&q=[TICKER]
Example: http://www.google.com/finance/getprices?i=60&p=10d&f=d,o,h,l,c,v&df=cpct&q=IBM
[PERIOD]: Interval or frequency in seconds
[DAYS]: The historical data period, where "10d" means that we need historical stock prices data for the past 10 days.
[TICKER]: This is the ticker symbol of the stock
Here's the "long and ...long of it" (short not profitable here).
Progressive Care RXMD set out several goals at the end of 2014, and they've delivered on them ALL this year, throughout the year. All business/development/growth fundamentals were strong and improving and they were well-positioned in the pharmacy market with unique and high-demand services, but debt interest was stifling. One of the goals for this year was to loosen the chokehold on growth, which was the earlier penny-stock-type debt financing, and associated high interest and fees.
After interest-free loans from insiders and doing whatever they could to avoid dilution, they finally capitulated and decided the best way was to sell shares to clear the debt completely. Long investors fully embraced this strategic decision, as you can see from the continuous and increasing accumulation trend in the chart below.
Final shares have been sold and the debt is finally paid off - as of yesterday - but the news has not yet been announced - so... no PR or "pumping" necessary, as you can see.
If the grey haired old guard (us long investors) had deeper pockets or were not (as in some cases) up against the 4.99% ownership SEC filing limit, new investors would not have the opportunity to buy at these prices today. At the current PPS, this is a windfall (IMO) opportunity for new investors, who can ride along smoothly now as the company continues to execute the growth plan. Real company, real 15M annual revenues, real profitability, real good and increasing growth opportunities in a high growth market.
RXMD will break through .015 to 2's this afternoon.
No investors are selling at these prices - not even close! Flippers are working the 013 to 015 channel now, but will stop soon so they don't have to hold over the weekend. Not a typical Friday - this will start moving north within an hour.
MM's really want to hold it down. They keep trying - whacking the bid for 5K every time the flippers are bought out and it starts to move up too quickly.
That's alright. Shake, shake, shake out those flippers and move up strong!
Yup. And 0.0145ish shakes out some more flippers before we RXMD blows through it to work on the .02 shakeout resistance. Should have a HOD of well into the 2's (I hope not much more than that, just because of so many more "momo" looks that it would get).
I just noticed, it finally posted - as a T-trade. Yeah, right. Manipulation.
I don't have a clue how MM's can get a way with pre-market trade posting in the OTC, but it sure looks like a manipulation.
If I had to guess, I'd say that someone wants to hold the price down to buy stock. Notice the -8% "bias" it puts on the current price. Like they wanna give some week holder from yesterday's sales the idea that they need to bail. Well, it might work for a few minutes, but no worries if it does. I'm in for a good bit longer than that! (just don't like so much to see people manipulate and get a way with it)
Haha, I laughed out loud about your "Note to self". Good one, I feel for you. Yeah, definitely a good thing to remember - not to help these parasites by (inadvertently) giving them more/free exposure.
Yes, experienced investors are well aware of the HotStocked business model. They pander their "great insight" to sell their software. Peruse a filing here and PR there and push out their own advertisement pages daily to thousands and thousands of unsuspecting new wannabe traders every year. Some even say that they short stocks. Hmmmm, I wonder. I wonder why they don't use their great talents to uncover great new gems for true investors and swing traders. Oh - is it because fear is so much easier to capitalize?
More great things ahead for RXMD and long investors!
(thanks for your kudos, Highlander)
By the way, did you know that Armen loaned the company nearly $180K interest free in 2012. Only now, with this debt payoff that's just wrapping up, is he getting his personal funds paid back. That's a lot of risk for no direct gains on that money over 3+ years.
You don't see that kind of dedication and commitment in the OTC stock world very often. Hell, you rarely see it in ANY publicly traded company - OTC or big boards! Most insiders in OTC-traded stocks would be trying to leverage the situation and grab up large chunks of preferred stock with anti-dilution protection and so on.
For those who don't know, Armen is a big part of RXMD, an insider. Do your DD.
HaHa - wrong. Check Snopes, it'll be on there soon.
I've heard this so much on message boards, it has nearly reached "urban legend" status. I think it should be submitted to Snopes, if it hasn't already.
If you look into ClayTrader, you will see that he has a very good, legitimate business. Unfortunately, his business model is not so heavy on using solid DD for OTC "investing" as it is on using TA / chart reading for OTC stocks. He believes in good DD for investing but, honestly, he's on the right track for the penny stock market because of the low investment qualities of the great majority of penny stocks - trading the ticker and using TA for short term in-out methods is a better way to go for all of the "momo" OTC stock "plays."
It's pretty safe to say that most of the tickers for which ClayTrader has done these videos have had significant pps drops subsequent to the videos. That has nothing to do with the videos being posted - they are simply tickers that had good reasons to drop significantly, like a great number of OTC tickers. They are generally "momo plays" only, and traders using ClayTrader's methods can benefit from TA to make money on those stocks before they hit the dust.
I have no concerns about seeing ClayTrader's videos on the RXMD chart. The chart shows a great setup and tells a really good story. Anyone who sells because they see his chart video pop onto the scene or doesn't buy because of this "urban legend"... better for RXMD stock, better for longs, I'd rather see those people move on.
Anyone who DOES actually do a little bit of DD will see the value. RXMD is one of the relative few high quality stocks on the OTC. It's a real company with a real story.
Sounds almost as if you've found a way to short this OTC stock. Seems unlikely but, if so, sorry, you picked the wrong stock.
Thank you for highlighting the very reason why this stock has been greatly undervalued this entire year while RXMD has been paying down and has just now completed in paying down ALL debt. This is exactly why the RXMD chart setup looks SO good, and why you are seeing the current price correction just starting to the upside - it is NOT on some fluff PR. In fact, the news has not been announced.
So for all prospective new investors... by all means, please DO YOUR DD. The stickies provide a good start. You'll quickly learn why the stock is greatly undervalued, and why it's correcting northward, and why it's got a long way to go before it's over-bought. RXMD is in a great market segment, providing REAL services, generating REAL revenue of $15M/yr and REAL operating profit quarterly and growing substantially year over year, quarter over quarter.
Longs on this board have been following and buying RXMD all year while this has been happening.
If you ARE short RXMD, I hope you are ready to jump for cover; if not, I hope you have a lot of equity in your account or in your home or something:
http://m.benzinga.com/article/5989859?utm_referrer=https%3A%2F%2Fwww.google.com%2F
Agreed! RXMD - Great to be here!
Thank you for clarifying that, stockforce.
You pulled up exactly the information that I was using. I didn't think this particular information was pivotal for the conclusion, so I used what appeared to be the "last known sighting" of BKRT with shares. The 890000 "sighting" was announced about a minute after your post about the 89573.
I remember thinking that your number was precise down to the 1's digit, and so was likely to be accurate; and considering that both numbers started with "89" it seemed likely that one of them was a typo or mistake in observing - and so my best guess was that the actual number was 89573. but since I didn't know for sure, I just used the last number seen.
Anyway - very observant of you, I'll bet you've been told that "you don't miss much" more than once before!
Yeah, no shares left!
306M + 10M (Midam Oct2015) + ~22M (est tr#27) = ~338M
You obviously know that the ~22M is an estimate. I hope this helps.
Yes, good point about Thanksgiving and how it could possibly set back a PR date for the "debt-free" news.
I was trying to be most realistic when I wrote that it could happen in the Monday/Tuesday next week time frame... because that seems pretty likely. But my preference would be to see it the following week.
If you've read a couple of my previous posts, you might remember that I said I hope it isn't announced for a week or two after "debt-free" actually happens (today, as it turns out). I think that would be ideal for shaking out those who want to flip for the small gains, and give us more time to add on those dips. Well, at least those of us who aren't up against the 4.99% cap like yourself
"NICE" said 9 times by ClayTrader in the first 34 seconds of dialog in his RXMD video today!
So funny - I don't think I've ever heard him so giddy and excited about the chart performance of a stock! Of course, I've probably only seen 30 or 40 ClayTrader videos, but still... you have to check it out if you haven't already:
(this is NOT an advertisement for ClayTrader, as you know I'm RXMD long and have been here for a good while)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118630634
"NICE" 9 times in first 34 seconds about RXMD chart:
"NICE" price reaction!
"NICE" volume!
"NICE" price action!
"NICE"
"NICE"
Move was very "NICE"!
This was very "NICE"!
"NICE"
"NICE"
Thanks, I'm glad to know it's appreciated! INSTATRADER deserves most of the credit, my analysis is derived from his early work, work that he's been doing all year to keep us tuned in to the real state-of-affairs with RXMD. I probably wouldn't be doing this detailed work if he didn't bring to attention the value of understanding on an every-day level what is going on with this 3(a)(10) transaction.
Yes, I believe Tranche #27 is gone!... That being the case, debt should be "essentially" paid off "completely"!!!
THERE'S MORE - but I've included my own interpretations as well as raw information in detail below; I think the RXMD longs - especially those on this board and who've contributed to the RXMD community - deserve to have all the detail that may be available, so they can interpret the trading action over the next several days and make good decisions (such as when perhaps to buy on dips when flippers sell). For all of the rest of you... you can ignore the details and flip at will using your own DD or whenever your non-DD TA tells you to.
I think there's potential for something like $5K or $10K "cleanup" that may need to be done by Tarpon (through BKRT, presumably, if it happens at all).
So don't freak out if you see BKRT poke it's nose in for a brief period to sell a million or even two million shares tomorrow or Monday. It could be Monday, giving time for RXMD and Tarpon to work out whatever residual there is. Or it could be tomorrow - ASAP - so that RXMD can compose a "CLEAN SLATE" PR for Monday or Tuesday to say "DEBT PAID OFF COMPLETE." The appearance of BKRT for this purpose may - though I doubt it - be in a few ~short intervals or over a couple of days, allowing time between for calculating and estimating, so as not to sell more shares than necessary.
Here's why - tranches of shares were given to Tarpon to sell to pay down the debt. Yes, we all know that. At the end of the whole deal, here's how it goes (from the 8K, Sept 16, 2014):
Sorry for the delay, still looking at all of this today more carefully, trying to get the intraday trades data.
Also, the iHub trade data scrolled up and I cannot see the 7M posting. Can you tell me if it actually read "T-trade" on the line? And do you know if the pps for that posting was a "round" number? I mean, was it 4 digits, or 5 digits (denoting an average, rather than a single price)?
ALSO - what was the exact volume? 7,000,000 (I know it wasn't exactly 7M)
Only a couple of posts left today, might have to bite the bullet and pay if I need to post more today
-----
Update: I was able to download some data from Google. From what I have, I calculate the trade volume of: 7116088
That may just be correct, and from what I have, I am guessing that indeed it was marked as a "T-trade."
What I really WANT to know is the exact time for that posting, but it's probably not so necessary - just being anal about understanding some details. If you do know the exact time, let me know.
Yes, good. Please come back then. I'll be glad so sell you a few of my principle shares at .05+. It'll be good to have you around then to keep reminding the rest of us how wise we've been.
Thanks for your kind words. Also, I meant what I said about the PR for news about debt payoff. I would be happy if it didn't come out for another week or two. It might help to shake the flippers out while it's low, and the longs can load up on those flips... before the players come for the momentum on the news.
I know you're just practicing, but do save some of your energy - when news is out about the debt payoff and we're sitting over .05... you know the bashers and shorts are gonna come calling.
Could that move of BKRT from .02 to .05 be a signal to us that... it's done???
BKRT .05!
Good move, Jimmy! And you did it with perfect timing.
Have you not read any of my posts?
Anyone who's got a way to short an OTC stock (foreign trade account or hedge fund???) should beware, especially for this stock... see what can happen:
http://m.benzinga.com/article/5989859?utm_referrer=https%3A%2F%2Fwww.google.com%2F
This could mean something, who could know. But I think there may still be enough Tarpon shares for a small handful of investors to establish a position before it's all done. This is why I think it'll happen very quickly now - all IMO, but I think it will only take 2 or 3 to come off the sidelines and start buying the remainder of Tarpon shares, and the supply will run dry.
So I have a question. If one of the animals farts and the only ones left in the room now are the fox and the cow, does everyone know who did it?
My point regarding T-trades in this referenced post is this: buys and sells by the MM's as I described in the example will likely be posted as a T-trade IMO.
Another interesting thought (to me, at least) is that, if there were more than one MM with such trades to report, there would be more than one T-trade being reported - I THINK! Except maybe where BKRT may be "brokering" the shares to other MM's, maybe?
Well, this idea seems to support the notion that T-trades are just showing us when BKRT may be having a hey day.
But I think up to 25-50% of T-trades could still be representing Tarpon sales, but more likely closer to 25% than 50%.
And this has no affect at all on my estimation for debt payoff.
I just want to put in my 2 cents on the T-trade issue.
There have been a few well-informed, and informative posts explaining the use of T-trades. My opinion is that those recent posts do a good job of explaining the big picture and some intended, normal functional situations involving the posting of T-trades... but that they may not explain what is going on here.
Market Makers like to make money, and they don't make so much with the general handling of trades as they can by getting active in the trades themselves - buying shares and selling as we typical retail traders do. They do this behind the scenes. It's perfectly legal. They don't even have to get involved with what is referred to as "naked shorting."
Just think about it - a MM sees a flipper wanting to "dump" their shares onto the BID, rather than be patient and sit at a higher ASK price. The MM jumps in ahead of the BID buyer and grabs them up. Next - an eager buyer wants to "slap the ASK" instead of sit on the BID with a lower price. The same MM jumps ahead of the ASK seller and fills the "slap" order. Boom! Nice profit.
The MM can also use their advantage to manipulate the overall price action, of course, but I think there is a lot less manipulation that goes on than what traders like to speculate. Especially with stocks like this, in this situation, with relatively low volume, etc.
Assuming BKRT is the outlet for Tarpon shares, BKRT may be a prime candidate for this trading action - especially when they can dump whatever surplus they may be holding before day-end onto the bid, just as they do the Tarpon shares. But there may be others involved, as well, and they can do exactly the same thing. I think BKRT is prime for it because it may require some level of interaction from a real person to baby-sit this sort of thing. I think someone may need to "flip switches" off and on or set thresholds much like retail traders or day traders do. BKRT is in the best position because they have a pretty good guarantee of being "in the action" every day, all day. The other MM's have sporadic and much less predictable interaction with buyers/sellers, so their involvement would have to be specifically by choice to get involved in the RXMD action. And let's be realistic - the dollars moving with this stock on typical days is not that high... so the upside opportunity for an MM is pretty low - skimming percentages from a total dollar volume of, say, 8M shares x 0.008 = $64,000... when they could be focusing on a stock trading with dollar volume of $1M or $10M or more per day. This is probably also why it is more prevalent (as I understand) for T-trades to be posted when tickers are being diluted from convertible debt.
My suggestion is to avoid "slapping the ASK" when buying. Rather, put a nice bid in just below the ask, and let BKRT gently hand over Tarpon's gift (and obviously don't dump anything on the bid, but... who's selling?). Closing the bid-ask spread like this will also clear out some of the flippers (or stop any of us longs from being tempted to play around a little bit).
I should note that my suggestion here applies only to RXMD and only in the current situation. There are plenty of situations where it may be best to "slap the ask" or "whack the bid" - just not here, not now, IMHO.
There's probably not much value in this post or the above suggestion, since we're at the end of this thing, but FWIW anyway.
The good thing is, most of this behind-the-scenes action is cleaned up and accounted for to an even level by the end of each day - the T-trade. Every day starts with a clean slate, more or less - at least with this stock and in the current situation.
So to me, it really seems most predictable to use the method that INSTA started with a while back, asigning some percentage of total daily trades to Tarpon share sales. There was just a small issue of accounting for the 25% commission that needed to be adjusted for.
But there's one really easy way to see what's going on and to make adjustments to the prediction. And that is to simply look at the daily volume over the periods between tranches... add the tranches... see what's left, and make your forecast. That's what I've done here, thanks to all of the initial guidance from INSTA and then the detailed tranche issuances given in the Q3 report.
Cheers everyone, we're about to move on!
We're most likely on the final tranche and final days right now.
Jimmy, no argument here (below), of course. I just want to help where I can. Of course, it's definitely MHO only.
I think because of the earlier omission of the 25% commission and just the general blindness that we all have to the T-Trades, you're formulation is in proportion to the selling and debt reduction, but just "offset." So I think you're right on target in a way, just that Tarpon is ahead of you - and I think we are now at your last sentence: "...we will need one final Tranche 27 of which we will use 15-16million share of to clear the debt."
They set up the process of issuing the shares in tranches only/mainly because of the limitation of maximum 9.99% holding. They can't hold more than this percentage of the O/S due to SEC reporting requirements. Part of the process involves depleting one tranche before issuing another.
So Tarpon has been selling the 26th tranche since Nov 6 or Nov 9. Starting Nov 6 and through today, there have been 64,869,521 shares sold. The 26th tranche was 21,912,000 shares.
My calculation - my "IMO formulation" - uses 37.5% as the general proportion of daily shares traded being Tarpon sales. The 37.5% is just a starting point, and one that I apply to the aggregate, over a whole tranche or several weeks of trading.
37.5% of 64,869,521 is 24,326,070 - which exceeds the 21,912,000 shares in the 26th tranche amount. So I think they have the final tranche now.
Furthermore, I've had the chance to watch a bit more closely off and on over the past 2 weeks, and I am quite convinced that on several days, more than 50% of the intraday trades have Tarpon on the sell side. For example, I believe ~80% of yesterday's total volume was Tarpon on the sale.
In one of the spreadsheets that I posted, you can see the tranches and issued since Sept 22. If you use the $527K debt that was outstanding on Sept 22 (reported "as of Sept 30") and add 33% (or divide by 75%) to satisfy the Tarpon 25% commission fee, you get the ~$700K amount that must be raised by selling shares.
If you use an average pps of $0.007 for shares sold (and still selling) over the period from Sept 22 through payoff date, you can use:
$700K / $0.007 = 100,000,000 shares that must be sold.
Since the Sept 22 start date 80,419,000 have been issued as reported recently - through tranche #26. To reach the "guess" of 100,000,000 shares, the 27th tranche would be 100,000,000 - 80,419,000 = 19,581,000 shares.
I think Tarpon may have been working on this last tranche since yesterday (could have been Monday, or today, or tomorrow). If yesterday started it, my formulation says that about 11 or 12 million of those shares have already been sold. If THAT works out to be "precisely" true... then there are only 7 to 9 million shares left. That could be tomorrow! If not, I'm pretty confident that it'll be before Thanksgiving.
You didn't say, that's why I asked you.
I just read your post and that sure seemed like a reference to some dilution or company selling activity:
What is this about someone selling shares? Are you talking about EPGL, some kind of debt dillution? Are insiders selling shares?
I've been really busy and haven't had any time to keep up on the posts recently.
This is completely new to me, I've seen no disclosures or any other indication of this - what sort of information do you have????
Just be sure to sit on that bid and accept the gifts from Tarpon if BKRT is not free and clear on the ASK.
Just need more buyers to take the gift shares off the bid. Someone needs to add to the 30K bid at 0.008, get it up over 100K so BKRT will fill it.
And then add more, or up the bid.