is...retired
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By their very nature, preferred shares are paid out first. Common shares divvy up the remains, if any...
The way to know if an RS is in the future of a stinky pinky is to see how they are financed. If they borrow, then pay with shares, they are diluters. If they are diluters, the OS will approach the AS. As that happens, they will no longer be able to borrow because the loan shark insist on reserving shares in the AS to their eventual payment by stock.
It is a mode that is common with stinky pinkies. Those that are self sufficient due to a sugar daddy don't do RS's. There is NOTHING worse for a stinky pinky than an RS...
Uh, morningstar? A for profit company that is paid to give good 'reviews' on tickers? Get real. The only thing that counts is what the company files and discloses. All those 'news' sites are no better than the charlatans on this board that make outrageous claims.. And the truth is ALWAYS somewhere between the pumpers and bashers...
ONCI's OS is aound 4 B...that's all that counts. ONCI will be a dead company after the transition so it's AS is immaterial.
There is no method to prove a company is undervalued - it is valued at what people will pay for the stock, regardless of how many times people say it is undervalued. If it's undervalued, it's stock price will rise. None of us are in a position to assert that it is undervalued, which should be obvious from the share price now. After a company is profitable, then new rules come into paly regarding company value, such as earnings per share. To date, there is NO EPS, because there is no profit. So it remains valued at its market cap.
What you may not understand is that brokers, MM's and those whales that do not utilize brokers (like etrade) WILL be able to trade. It is your own brokers that will be handcuffed, and those that don't use brokers may very well take advantage of those that cannot trade. I have seen it and know very well what I'm talking about.
I hope it is smoother than that, but I doubt that anyone using a broker will have as much money in their Hexa stock after the transition, which is why I'll sell my ONCI before it happens, then buy back in. Worse case, I'll have fewer shares. Best case, I'll have more. But I won't lose any money in either case.
When the name change happens:
Hexagon Holdings is already a valid company in Colorado. It has an AS of 4B shares, nearly equal to ONCI now. There will be one share of Hex for one share of ONCI when the name change happens. It is more than a name change, it is moving OUT of ONCI and INTO Hexagon, which is like a reverse merger in a way, except that both are public companies. When complete, we will have hexagon shares and no ONCI shares.
What people may not anticipate is that you will not be able to trade either ONCI or HEXA during the 2-3 day transition period. That's because all ONCI shares will be 'recalled', and HEXA shares will be issued. There may be a different ticker for the HEXA shares until the transition is complete, but eventually it will be clear. It may take up to 30 days for it all to clear. This is where the TA comes in - they take inventory of who has how many shares, then freeze trading, then recall the ONCI shares, then issue the HEXA shares, and then, when it is 'ready', trading will be turned on for everyone at one time.
So, if you don't want to 'ride that out', you would need to sell all your ONCI shares before it happens, then buy HEXA shares afterwards. I may well do that, because I don't like untradeable stock. Been there, done that, and watched the stock price tank while I could not trade. You may be able to trade by calling your broker, but no guarantees there either.
You would need 2.5 million dollars to short 1 million shares of a sub penny stock, plus the money for the stock itself. But no valid broker will permit shorting sub penny stocks anyway.
The most one could make is a couple ticks lower, which would be 1M X .001, which is $1000...
Sure, I'm going put up a $2.5M 'bet' that ANDI will drop two ticks...
Well, I would but no broker would take that bet.
Yeah, shorts...right...good grief!!
No, that is not how it works. The market cap is DEFINED as the share price times the OS. It is not open to interpolation.
The market cap is calculated from the OS. The OS change has not happened at OTCMarkets yet, so the market cap is far too high.
No, the market cap is share price times OS...
.0022 X 3,105,705,518 = $6.8M...
Obviously, it changes with the share price, not the other way around...
A reverse split is done by companies that operate by borrowing money and giving away shares to pay back the loans. It is called dilution financing, and many stinky pinkies live on these loans. TGGI isn't borrowing money, so it doesn't have to pay back with shares. The OS is large, but will be reduced by other means. If you read the filings and disclosures, you will see how that is expected to be done.
I would not own any stock in any dilution machine, nor one I expected to perform an RS, period.
SEC rules state that an audit trail must be made for every trade. Where any given block of shares comes from and who it goes to is a matter of recorded data. An audit trail is mandatory. It would show instantly any such 'naked shorting'.
And, short volume is not a negative thing - it simply shows how many shares are being bought and sold.
Why Short Volume is Important
Daily short volume, as reported by FINRA, is very misunderstood. Most people think daily short volume is just that — the volume that bearish investors put on to add to their short positions. A short glance at the change for total short positions reported bimonthly to the NASDAQ debunks that belief. Short volume isn’t the same as short interest.
In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order. Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness. The fact that a market maker is willing to sell and cover seconds later doesn’t do an investor holding the stock for the long term any good. The market maker could be bullish on the stock long term, and still be willing to short temporarily to satisfy a client request. Similarly, many market makers often have to go short in a fast market in order to fulfill their job of providing liquidity. Other market makers will widen their bid ask prices enough to get out of that scenario.
Nevertheless, short volume data is important — market makers are some of the most informed investors out there and they know the supply and demand equation of a stock better than almost everyone. Some do trade for their personal accounts and their shorting shows up in the short volume. Like other technical indicators, if enough people believe in something, that something can happen. It is also true that when factoring in the trend and potential randomness, a market maker could be potentially bearish if the short percent is substantially higher than average. The market maker could be potentially bullish if the short percent is lower than average.
Old wives tales - laws have been put in place years ago when there was indeed cheating going on. If you have proof of ANY cheating, tell the SEC - that is what they are there for. In the meantime, don't report mm's for cheating if you simply don't understand how they work...
MM's do not naked short. They don't need to - they simply borrow shares from sellers and pay them back after they are sold.
It is all automated, there are no 'eyes on' these sub penny stocks, and besides, there is far too little money that could be made by 'shorting' sub penny stocks. People that blame mm's for share price fluctuations simply have no idea what mm's actually do, and how they do it. They are BROKERS, not TRADERS!! If an employee cheats, they are cheating on their employer, and would be promptly fired if caught. Do you really think a multi-million dollar mm enterprise is going to let their employees cheat in such a way that it could bring multi-million dollar fines from the SEC? You guys need to take your blindfolds off and quit imagining that mm's do more than make the trades you request. That is like blaming etrade or fidelity for manipulating share price. TRADERS are who manipulate share price, so when it goes up or down, you can bet it is the whales that are controlling the price.
If you have a few hundred million shares, you can set buys at a low price and sells at a higher price, and just sit and watch. As price rises, automated trades will sell, and when it drops, automated trades will buy. Even I do that on some stocks. I make 100% over and over and virtually don't lift a finger. I always keep a core position as long as the stock is viable.
mm's have nothing to do with share price. They fill buy and sell orders and it is all automated. As long as there are shares available, they will make their commission.
Share price is most heavily influenced by whales, who can use their sheer bulk of shares to move price. They constantly try to outmaneuver each other. We just see the results...
From OTCMarkets:
A Company's Obligations on the OTCQX, OTCQB and Pink Markets
Financial Reporting - Many companies are not subject to SEC registration requirements, and therefore, do not make regular filings of financial information and other corporate events with the SEC. Companies are not required to provide financial information to OTC Markets Group; however in order for investors to make informed trading decisions, many companies elect to provide disclosure. For a detailed explanation of SEC registration and reporting requirements and the exemptions available from those requirements, please see the SEC's Small Business Question and Answer Page.
Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA's Operations Department at 866-776-0800
Dude, ALL PUBLIC COMPANIES must follow SEC rules. For Pete's sake, if you don't understand that, what on earth are you doing trading stock? I am NOT TALKING ABOUT HOW THEY FILE THEIR FINS!!!
Read what SEC says about material events, what they are, and what public companies must disclose regarding them. And what FORMS are required to disclose those events.
Ok, believe what you want. But material events MUST be reported to the SEC ACCORDING TO THE SEC. If you guys really think you know better than the actual, published SEC rules, roll on. All that makes you is uninformed, and providing uninformed opinions. Unless you can quote an SEC rule that states that you can circumvent their rules, you are full of shit.
Scroll down a little - the SEC filings are below the fins...Jesus, if you guys don't even understand the rules for public companies, what the HELL are you doing buying stock???
Well, I do know that those that don't know the rules don't win...because they are deluded about how the system works.
Yes, an 8k IS required. How fins are reported has nothing to do with following SEC rules for material events, and an AS change is a material event.
When are you guys going to figure out what non-reporting actually means? It means not filing FINS with the SEC, but with OTCMarkets instead.
The AS will not change until there is a change in the articles of incorporation, and an 8K filed. The OS may be modified without changing the AOI.
You know YOU may not be talking about common shares, but the rest of us were. You are on the wrong page.
What someone stated was that the 'reduction of shares' would increase the stock price. I said no it will not, because those shares are not in the market anyway. If you go back and read the thread, you will see that you are on the whole wrong subject...No one cares about the voting stock, or anything else except what is being returned to the treasury. Catch up...
Reading comprehension much?
The billion plus shares being returned are common shares. They always have been. They have never been in the open market. So 'returning' them simply means giving back the shares he got when he became CEO.
It was copied, word for word, out of the last annual report. Maybe you should read what the company publishes, instead of making incorrect statements based on opinion...
Read the fins...
On Novemb er 7 o 2017 the Board of Directors approved a Plan of Conversion whereby it is the Company's intent ("On4-Delaware") to convert its present domicile in the state of Delaware to a new corporation with the same name to domiciled and incorporated in the state of Colorado ("On4Colorado"). Each of the On4-Delaware present common and Series ooA" preferred shares would to be converted into an equal number (l for 1 ) of fully paid shares in those same stock classes of On4Colorado. In accordance with this Plan, On4 Communications, lnc.("On4-Colorado") was duly incorporated in the state of Colorado on December 15,2017 with the same nurrtber of authorized shares, being of 5 billion common shares and 30 million "Series A" preferred shares. Also on December 15,2017 Hexagon Holdings Corporation ("HHC") was incorporated in Colorado with an authorized share capital of 4 billion common shares and 20 million Series "A" preferred shares of $0.0001 par value each. The HHC Series "A" preferred shares are entitled to receive a preferential dividend of llYo annually and each preferred share is entitled to 200 votes per preferred share, together with the right to convert each one Series "A" preferred share to 200 cofirmon shares. The Plan anticipates that all of the issued and outstanding stock of the new On4 Communications, Inc. Colorado would be exchanged for an equal number (1 for 1) of shares and class in Hexagon Holdings Corporation (except that Steve Berman has indicated his intention to surrender to Treasury 1.4 billion of the common shares that he holds).
No, the share reduction has nothing to do with share price. Those shares have never hit the market, so they aren't coming out of the market. It is simply a return of gifted shares to the CEO.
Ridiculous...
Business happens when it happens, regardless of 'comments' about what is planned. If anyone 'isn't going to accept any more excuses', that person has no clue about how business works.
If you have not found NSAV's fins, you have not looked in the right place. They are always filed at OTCMarkets, NSAV, Disclosures. The last fins were from 2018Q3, and the annual report is not due until 20190331. (90 days after fy end.) You can locate them by looking for, uh, Quarterly Report - Financial Statements...
Then never file their fins with their annual report - they do it separately, when they do it. Very annoying...
Oh, so now dilution is a good thing? Trillion dollar companies? What a joke!
No need to ask why...there is only ONE reason they gag the TA, and that is to keep shareholders from seeing what is going on. It is almost ALWAYS because of dilution going on, and they don't want shareholders talking about it. When the fins are finally posted, whatever was hidden should be seen.
Why would anyone think the share price will change when the CEO returns those restricted shares back to the treasury? The OS will change, the AS might be changed, but the exact same number of shares will be in play as right now. There is nothing to get excited about, except that one more item on the checklist is getting done.
That doesn't make sense. You pay taxes when you SELL stock, not when you simply return them to the treasury.
I've been in some dodgy companies that looked like they had a viable business model. But, the INSTANT an RS is approved, I dump ALL at whatever I can get, because that is the MOST I will ever get out of it.
Any stinky pinky that uses toxic lending to keep the doors open, without coming up with a business model that makes sufficient revenue to keep the doors open, will have to RS. Period. It is standard operating procedure...SOP. It will continue until they give it up or come up with a profitable business model.
They borrow, then give out shares to pay the loans, then max out the AS, and then either expand the AS or RS to reduce the OS in order to stay in business. It is the rule, not the exception. The trick is to not be involved in companies that employ toxic lending. You can ALWAYS find them via their fins.
Few stinky pinkies that resort to toxic lending ever get out of the stinky pinkies, and are on a treadmill to simply rinse and repeat, through the 'RS' mechanism. Some do it more than once per year. I have personally seen them. The very, very last thing you ever want to do is be a shareholder through an RS. When it happens, your stock is frozen for 3 days while the toxic lenders dump their shares. You are lucky to have the presplit price after the split. Been there, done that. Even sold half before and kept the other half JUST to see what happened. That will never happen to me again. An RS is absolutely the worst thing that can happen to a stinky pinky stock holder.
Odd that anyone would be trading on the stock market without knowing who keeps track of each company's shares...sheesh!
Whatever it was before, it is under new management as of early 2017. A lot has happened since then, and a lot more should happen. It is a development stage new company. A holding company, which means it 'owns' at least a controlling interest in other companies.
All US public companies must follow the same SEC rules, regardless of how they report their fins.