Pennies to Silver
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Cya, good talking to you!
It's true across many industries!
NP..
Now that the day is over, I'm ready to start!
I've been called a lot of things, but never brickipoo!
Wassssssuuuuuppppp!
5 posts remaining today...
Okay, here is what I’ve found relative to .0001 dd:
From a statement announcing LOI of acquiring T3 (to bolster their overall marketing efforts, I’m sure): "Today's news does not impact our decision of a reverse split; I want to reiterate that CXAC will not conduct a reverse split of its stock during the second quarter, and our board of directors will meet in the near future to deliberate on announcing the extension of this policy to include the rest of 2009. We are talking the talk and have begun to walk the walk. Today is a new day for CXAC," Bravo said.
This is good news thru the second quarter for no r/s. But they have not announced a decision for third quarter, and it is only about a month and a half away.
The company has mentioned its desire to sell or spin off a couple of products that are not fitting their business model.
Interesting about mentioning the r/s. I can’t find any other reference to a r/s. They do have close to 5 billion shares out.
It is bouncing and someone just bought 100,000 at 2.
There is plenty of trading going on.
I would think that it is “safe” to park money in it right now. As time goes on, I would keep an eye on charts. By them mentioning a r/s, even though they say not now, it probably will happen later this year. Also I think this because it looks like their company is actually on the way to generating revenue (like the CEO is trying, or something.)
Except for fear of r/s and all those shares out there, I would almost hold out for .0004 or 5. (not going to do it).
Gail, I hope I didn't put a wrench in your plans for SKYF? Let me know if you have another one that doesn't look right to you and I'll see if I can come up with something (not that I'm Mr. resource or anything...). I've put in a sell. Hope it goes...
According to their news flash, "The company has secured funding commitments through private transactions. As a result, the company is contractually prohibited from reversing the stock for a period of time following each tranche."
No. 1 Is this an actual plan?
No. 2 What is the "period of time"? a day, a month, a year? way to ambiguous for me...
No. 3 Do we trust this report? Remember, management owns more than 50%.
I would be more concerned about their printing money and selling off some of management shares than a r/s right now. But, with the number of shares in the end, I wouldn't be surprised if they did r/s after this "period of time".
I would also be concerned if they didn't announce the "fully reporting status" as the news flash indicated. The first steps are supposed to take 30 to 90 days. I think this announcement was a smoke screen all the way.
To answer your question, I don't think a r/s is near, unless their "plan" goes south with their potential financing.
I cannot say with any certainty. However, if they increase their shares and then r/s, their pps goes up for a while.
Here is how I read their news flash: "We want more money to do 'stuff' with our company. We could print more money, but it would not be worth much. We could get outside financing, but we could not get much, since the financing is based on our 'current' share price and the financer will not let us r/s for 'a period of time'. So, let's put out a news flash that is titled, 'We want to become a fully reporting company.' Then we can bury our announcement about printing more money. Then, when the 'period of [unknown] time' is up, we will r/s, send the pps up for a moment, get our financing, sell a few of our own personal shares along the way [especially since we own more than 50% of the current common stock], and start all over again."
Now I could be wrong, but I have done a lot of dd for other companies with my "other" stock purchases. Not to say that I'm an expert by any means, but this looks a lot like that white speck on top of that chicken manure.
On the other hand, I hope I'm completely wrong, because I do have some shares.
So, a r/s? I don't know. JMO
Well, I've read that you don't do dd much. And I can see where dd isn't really needed most of the time with .0001's. However, r/s and printing more shares are important to you, from what I know from your posts.
Printing more shares to sell out of thin air causes demand to drop, therefore price. If it is at .0001 already, then it will really be bad when they issue more shares.
I bring this to your attention, because you do have it on ibox. I even have some. The stock may run, but for how long? When they print more shares, all of that will come to a dead still (stop, for all of you not in Louisiana). We do not know exactly when they try to print more money to raise operating capital.
These are my thoughts. I would be a little cautious until they get through printing money.
SKYF
Something I noticed in their last news:
There are 1,722,922,087 shares outstanding with 643,708,963 shares in the float. Management owns more than 50% of the common stock. The company has secured funding commitments through private transactions. As a result, the company is contractually prohibited from reversing the stock for a period of time following each tranche. Because of the low stock price, the company has been limiting the amount and frequency of the tranches, with the funds received going to acquisition and administrative costs, operations and payables.
The private funding transactions are based in part on the price of the stock, and as a result it is in the best interest of the company to have a higher stock price. When shareholders purchase stock in the public market, none of those funds go directly to the company. They go to the seller of the stock. As a result, the company must meet its funding requirements through a secondary public offering, private transactions or operational revenues.
I was just looking at that chart. It does look like its getting better.
GL to all you. Let's flip ten today! (okay, I'll take one)
That's what I wanted to know! Thanks.
Thanks BillR. Does Zecco allow you to place a buy without AON and it fills in more than one attempt without charging multiple fees?
Thanks for your response!
Thanks Gail. I've already started the funding for my Zecco account. Hopefully someone will respond about Zecco. (I probably should have went with AT).
Okay, I know some of you like A/T. From what I understand, if it buys on one trade request over several trades, we are charged just one commission? Am I understanding this correctly?
Also, does anyone know if this is the same for Zecco? Any cons for Zecco?
yep, you are right about that.
Two things? I only counted one.
I know. I'm doing limited right now with s/t. just dabbling.
I'm lurking.. but s/t has restrictions. Waiting on Zecco to fund and try that.
Gail, I've been reading everything I can. I've been playing pennies for a while, and have done okay. Thought I would try .0001's. I can tell that this is a process and take time. Now if I can the a/o/n to work for me...
Anyway, I'm not a premium member, but I am "lurking".
"The acquisition of Identity Defenders, LLC, offers Guard Dog additional billing alternatives"
Identity Defenders charge customers through their phone billing.
Call your broker.
Bounce!