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You are right nicehit, the MM's own pink sheets.
However in this case, I think there is still a lot of scrutiny on the stock and a surge in demand will cause the mm's to let it run all the way. My guess is that 141 will be going to the NYSE in due time.
Maybe that's all they had to invest and they wanted a piece of the action?
Let me ask you, what will that 500 shares become? Could it be worth more then the service charge it cost to buy them? Besides, I don't think you can buy any shares without paying a service charge of some sort. Kind of like buying a lottery ticket I guess.
If you ask me, it's a small price to gamble to find out. If the pps runs, 500 shares could easily be worth more then the service charge.
With only some 5700 shares per million left, I don't think many people will be flocking to dump what remains in their accounts after trading begins.
If that were the case, I'm sure many would have already sold when it was stuck at .0001. It will take much more then five or even ten cents to recover. Because of that, I think people will wait to see what 141 has accomplished and if 141 is open for business and attracting money, why sell now?
Good point nicehit, if there is any manipulation going on with this stock,
it would be the MM's trying to get people to sell their shares by making it look like there is selling or dilution going on. MM's will need all the shares they can fleece out because they will not be able to NSS.
Thanks for education M/C.
......"Most of the time it is market makers (MM) manipulating."
IMO, I don't think this stock has traded long enough or for there to be enough shares out for MM's to effectively manipulate it. The stock is what 3 1/2 days old at best and hasn't really started trading yet. Besides it was just audited by the DTC so all the shares are accounted for.
I don't disagree that someone may have bought 500 shares to paint, The point I was making was with regard to the 1/2 cent jump on only 500 shares. I firmly believe that only a low share count and no dilution is the reason for the quick upticks, as opposed to manipulation.
I strongly doubt any dilution is taking place.
Otherwise, how would the pps move up a 1/2 penny on a 500 share buy?
My trade was at Ask and it still showed as a sell.
Hogwash. .. "There was a lot of dilution in the first two trading days"...
As I recall, there were only something like 90K shares traded on Tuesday and 45K of the 90K were my buys. My buys were reported as sells though and I recall someone here posting that they bought at .08 and those buys showed as sells too.
Show me the link that proves dilution.
They can't self fund?
Why?
.. "I doubt it."
Could they be generating enough income from their "private money" trading
to preclude the need to dilute?
...."what happened to the scenerio projected by some others that there would be massive dilution post R/S."
Currently, 141 can have multiple pools of up to 400K invested and individual accounts as well. The pool you are referring to was to produce information for FINRA not to figure market cap.
I'm sure 141 has the necessary data to support their business plan. Otherwise I would agree, that is, if all they had to hang their hat on was one month of trade history. In other words, the results could be considered to be a fluke. However, 141 represents a cumulation of many events over a long period of time and I'm sure they have more then one month data to hang their hat on.
With the DJI headed to 6500,
there is plenty of short term interest in vehicles such as 141 has.
If posting a 278% comp. annual return isn't enough, hopefully a miniscule share count will help. If that doesn't wake everyone up, then maybe announcing a new pool or two will get things going. In any case, I don't think it will take much demand to really drive this up.
"The market needs a reason not to trash the price."
Bid up on no volume.
What does that say? My guess is that bid sitters will have to up their bids to get in. Yesterday for example, the pps rose 66% and sat at .05 most of the day on a mere 24K share order. As soon as details are released, if they are decent, buy pressure will encourage the MM's to let it go up.
See how many they will let you buy before they take it up.
Anyone with buy bids in?
I hope it stays where it's at so I can place another buy order tomorrow.
Could be quite a bit more expensive come Tuesday.
You traded (bought and sold) ONCP shares on Monday?
Or did you only sell OFON shares?
Waiting until the DTC has processed and cleared the RS before publicly announcing share structure, is considered fantasy land?
Thanks for your considered opinion.
GLTY
Knowing the RS hasn't been completed for all shareholders,
why would 141 release a PR that may cause the stock to trade?
Market closed Monday> Presidents Day.
Could happen. You saw what it moved on today :)
It would make sense to not release the PR until all shareholder accounts are updated.
I'm counting on a small share structure, above average trading results and new pools with bigger investments coming in to rapidly take the pps up.
I don't know about the rest of you, but when I see the pps go up 60% on less then 25k, tells me ONCP is ready to fly.
I'm not worried about the converted shares because they reduced the O/S and are restricted from trading for 6 months leaving the float miniscule.
Keep in mind also that Errol does not want a pink sheet penny stock and is preparing to up list.
Whatever it actually is after the conversion and RS, we know the share count will be greatly reduced from what it was. Knowing the structure is low and seeing the trade results officially published in Barclay's, I have the feeling that we will see the pps rise quickly when news is out.
Look at the first pool as a red herring.
Flashing those kind of results around will attract a lot of attention in a hurry. Consider also that others are experiencing the worst times in history with their "systems"
Ten grand is enough to establish a track record.
The track record is what's important because it validates 141's business plan.
Now 141 can open it's doors to large accounts but first they will have to demonstrate and then sustain a higher pps over a period of time before they will be fully recognized.
So the size of the pool really doesn't matter, more importantly, it's the fact that they are now operational and should go up from here as the numbers come in.
All .008 transactions are posted as "sells" on the tape.
Funny huh? No wonder some would think dilution is going on. This early in the game with a new symbol, I wouldn't be surprised to see the MM's NSS to fill orders.
And I I would imagine Errol has his eye on the share count so the FTD's don't get out of control.
I would imagine running the stock through two symbol changes rings out unaccounted shares so the new share count should remain low. if they make the MM/financier accountable, and don't put anymore 504's out there (which they should not have to do) they will get the pps up to a respectable level for this kind of company.
GLTA who have held on.
Ok, I'll bite.
Where are you looking?
"looks like we got diluted to oblivian!!"
Added 45,000 shares today. Will try to buy some more tomorrow.
If we get a PR regarding the share structure and find out how small the float really is...this stock will run. 141 Capital needs the pps to run up especially because of the caliber of investors they are trying to attract for their investment pools. After all what big money wants to invest in a penny stock. The more expensive the pps the more exclusive the company.
They seemed to have found their niche trading seasonal commodities. So their Spooz software seems to be working just fine especially when they can crank out 273% compounded annual returns. Can you imagine the fund management fees they'll be collecting with these kinds of returns while their operating costs stay low and essentially the same.
Glad I got in now before the PR. Wouldn't want to miss the run.
GLTA
GT
Looking forward to the PR.
The right info and this will run.
Anyone have an eye on Lvl2?
Just cruising by and noticed all the ruckus on the board. Looks like I better dump some of my other stocks and load up here on Monday. :)
If in fact, they are uplisting to the BB, as MC posted about, I'm thinking we're going to see $5 a share!!
GLTA
GT
Eureka! 141 Strikes Gold! Amazing results!
lol, those should be the headlines for the business journals on Monday.
Seems 141 has found a niche in seasonals and it's software is ferreting out the harvest just fine thank you.
With regard to the RS, I wouldn't be surprised, to see significant news take the newly priced pps, out for a good run next week. Returns like 141 posted will attract big dollars that can easily sustain the higher priced pps. In fact, they need a higher priced pps. Also as big money comes into the pools because of the stellar results, the amounts of fees collected will increase significantly and operating costs should remain low. Think of what that does to the fins and in turn does to the pps :)
Come on Errol, bring on the news!
You're right Nuk! There are times a company will do a reverse split to better position it's pps prior to releasing news regarding material events.
A reverse split can be a launch pad for the pps under the right circumstances, if it is timed to correspond with the release of good news such as uplisting, release of new products or exceptional financial results, for example.
This going to get interesting...so let's wait and see what happens here. I'm sure the float has been reduced correspondingly.
Corrections. On post number 4 - Ticker is currently working with multiple state lotteries, and Florida is one possibility for a Ticker contract.
Also, Ticker has orders for products and services. The purchase order mentioned may not be from the state mentioned.
Most recent conversation with the company indicates that progress is being made on the business plan and we should hear from the company in the very near future.
Thanks.
It does look good from what I have been reading.
And the right sequence of events give it a hair trigger.
$187,500?