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Unlike other RM plays, they are performing split prior to RM confirmation. IMO this makes it less risky as there will be major catalysts and the shares will be tradeable before anyone even knows whats going on.
And in the event the MM's crash it, it will rebound so hard you will not even be able to buy. The O/S will be 47M float will be even less
Typically it does, but usually the RM is confirmed weeks before the reverse split takes place resulting in a runup on the news of the RM then sell of prior to RS.
This is happening in opposite fashion where the RS is happening before the investing public at large even knows WTF is going on. This to me will kill any sell off post spilt
Reverse split prior to news is best way for it to not decrease in value. Before everyone even knows that Flex-Power is MONA the RS will be complete. Then the real moves will happen once financials come out
This is very different than other stocks where RM was confirmed prior to RS and it ran into RS then pulled back when it happened. Flex-Power is doing everything to create a monster stock
Sorry,lol guess i should check my own. Yes 100:1 but will result in a float that is 47M which is nothing
1,000/1 as there were 4.7B O/S last week and now 47M do the math
Not like other R/S, they are doing the revere split before even releasing any news. This will not lead to a cash after the split as no one has a full understanding of what is going on.
The R/S will be well behind us before Flex-Power starts dropping bombs and by then the O/S will only be 47M $$$$$
100:1 based on my numbers, last week O/S was 4.744B now its 47.36M
It will have to still happen as many have said there are to many shares owned by people here for the float to only be 47M, I would love it to be but no way i will believe till i see with my own eyes
This mean we will see news very soon, but i wonder if we will see any changes to our accounts by tomorrow's open.
Confirmed O/S 47,459,297 A/S 200M effective 5/5/14, I just called Heritage and the lady said this is all effective 5/5 and is now listed as Flex-Power
We all want organic growth, lets take 3-6% days as long as we are going in the right direction thats all that matters
To take a positive from a negative. I think the crash to .05, pop to .15 and settling here has been good for the long term prospects of the stock.
At this point more and more shares have been accumulated by true longs resulting in less and less shares being sold. When the tides do turn and they will, we will be in for quite the show as by all intents there are quite a few shares locked for the ride .50 and beyond.
All everyone needs is patience, if you are not a day trader, be confident if the DD that has been done and know that everything that has been said has thus far come true.
Just seemed a little more strange than normal and on 3 different tickers at same time. Def strange
Whats will all the 1,5,10 share blocks going through. , is L2 just acting weird as i am seeing a lot of weird small blocks on other tickers as well
If you go to the Nevada SOS, he is no longer listed as being a director/president of MONA
Short volume way down yesterday, maybe see a little increase today.
May 1 - 14.96%
Apr 30 - 46.92%
Apr 29 - 42.05%
http://otcshortreport.com/index.php?index=REDG&action=view#.U2ODIfldUr8
Only thing is, you are assuming all preferred shares will convert, why would Dror do this if it would tank the stock price.
The connection to Brewer Group is what got my interest. They are a very legit group
No name of the company but the agreement is mentioned. Once would assume that there is an actual agreement if it is mentioned in an audited 10k. Now the questions till is, who is it
On February 10, 2014, the Company signed an Agreement with a company that acquired the exclusive global license from
Revolutionary Concepts, Inc. to commercialize its’ patented wireless security alarm services system. The Licensee is a company that
buys and markets security systems and other technologies, and has signed a multi-year worldwide licensing agreement for the them
to commercialize the Company’s patented “EyeTalk Communicator System”. See our 8-K filing dated February 12, 2014 for more
details.
I was able to trade PLPE or VAPE 3 days after the split. And that tanked more on the deal with Hive that the split itself.
And if you held through the first few days of manipulation you would of made out big anyway so not so sure i agree. Plus you are leaving out the potential of it running before the split as SPLI did.
Wouldn't be surprised to see a massive T-Trade today. Accumulation on the DL
Stuck in channel between 50 and 100SMA on the daily since 4/15. As long as it stays in this channel we will be fine.
Max 10 trading days till Q1 Financials.
Correct, as i stated earlier. I had a 1.2M bid that took 20min to fill and never showed up on L2. They were hitting the bid of 10k for over a million shares without moving the price
Besides Power Bar being behind Flex-Power, Jack Brewer and the Brewer Sports Group is the real deal.
Go read about him and the group and the expertise that they have. I am sure that they have guided Flex-Power down the right path
http://brewersports.com/
http://jackbrewer.net/
They have not issues a PR, it was only discovered by searching the Nevada SOS site. The investing public at large are still likely unaware of what is happening here
Then there are those with a lower risk appetite that will forgo a some % gains for 100% confirmation as to what is happening.
And though the merger seems confirmed, there still is the unknown share structure and Company financials
The float must be getting locked up in strong hands. otherwise the MMs would have tanked the price by now. It has held steady and traded in channel between thee 100 and 50SMA on the 60min since Monday.
If there were weak hands they would have sole this week as the price dropped below .004 yet it is still holding massive gains from a few weeks ago.
We now have confirmation that Flex-Power took over the shell via the Nevada Secretary of State. We are now just waiting for a PR, 8k and Financials which will send this moving.
Holding in the .003's is quite alright with me as there are many penny stocks that like to launch off of the 003's
Doesn't take away from the LT potential of the RM with Flex-Power. Let them flip all they want. I'm waiting for PR, 8k and Financials. Then i will care about the share price
Makes me wonder about the R/S, doesn't have to be 30-1 or more as they could have retired shares prior to R/S.
As you can tell all the sales at .0031 with only 10k on the bid
MM are playing games, I have a bid for 1M shares at .0031 for last 10 minutes and they are not showing it on l2. Additionally it filled at the bid for 100k shares and showed as a ask slap
While I agree R/M's are usually not good it sure didn;t stop SPLI from running hard, so hard in fact they cancelled the split
It does list the date at 4/21 so is it possible that this is already completed?
AS far as no effective date on Nevada SOS, i do not think that matters as there is not date on the increase to 6B shares in 2009 and i think we can all agree that was done.
True, and they might just be able to retire a bunch of shares to treasury as i do not think all 4.7B O/S were in the float.
As some have said this stock does not trade like there is a float of multi billion shares.
Even if there is a 30-1 reverse split, with O/S of 200M this can reach .50-1 depending on revs
There were 2 actions related to the SS
1st there was an amendment
2nd there was stock split
https://www.nvsilverflume.gov/businessSearch
It is quite possible that it is not a straight up reverse split. It could be an amendment to preferred shares than splitting those. There are a lot of things that can be done to clean up the structure other than a 30-1 reverse split
The 6B O/s was done in 2009 with prior ownership. Flex-Power is coming in and cleaning up share structure like all RM plays do.
O/S 200M per Nevada SOS, Now incorporated as Flex-Power.
Monarc no longer exists $$$$$
Not only that, Flex-Power is now incorporated in Nevada and guess what it says par shares are 200M
NevadaID NV20001442351
https://www.nvsilverflume.gov/businessSearch
They could have bought an OTCQB shell, like FROZ or SPLI. People put more confidence in the QB as those entities are fully reporting.
So all i was doing was providing an educated guess at to why a mature company with many connections like Flex-Power would decide on a pink shell as oppose to a fully reporting QB one.
Care to provide any sort of support, at least i had some explanation for my stance.
Or are we at a cause i said so point