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You can't lead a horse through a fence either and if my broker wont execute my orders then there's nothing I can do...
What a crappy frustrating day. I place my order when the ask is .0001, 600M volume comes after my order, and I never get filled all day. And then to make it worse I hear reports of happy people being filled when they placed their order well after mine. Maybe I wont buy this stock at all because if my broker has a low order flow priority with this when buying then I'll probably have the same problem with selling.
That means the dumpers are still active but they're being very careful now and doing it in small quantities. They didn't like getting .0004 for their shares but they're not gonna wait forever either. Whoever/whatever is left is gonna play right into this reversal craze.
The "reversal" was at .0004 and yesterday in .0005/.0006. Now it's at .0010. This is where I called that it would bounce to. You've all had a pretty nice 100% gain from my call. But you all are pushing it by saying it's going to do a "full reversal" and go back in to the .002s etc. Everything doesn't just magically go back to exactly how it was 2 weeks ago. There is still a lot to be answered by this company about its revenues - particularly the "95% cost of services" which wasn't disclosed during the original run.
I'm getting sick of how UBSS keeps going on and off the bid and getting .0001s before me when I've had an order in all day...
Um I've been watching several high volume stocks lately trade 50M-90M blocks in a single trade several times and they're at .0005-.0010. Maybe the MMs have upgraded their software.
It's only $3950. -I- could have made made that trade...
People who bought at .0001 sell at .0001 to break even if they get bored here and see another stock running with huge momo/movement that they want to jump in or if they're scared because because there's only 2 or 3 MMs to no-bid. Any chance of losing 100% of your investment is pretty scary stuff. This is why we have this churning phase which usually ends as the L2 shapes up with more bidders and more serious buyers come in.
Someone posted this in BBs Stock Haven
"PRPM, GRBT, CBYI in play. Jumped ship on AGEL"
It's been 200M of volume since I placed my order when the ask was still .0001 and I'm not using AON either.
Wow I placed my order back when there was still an MM asking .0001 and it STILL hasn't filled.
I don't like it how it's up here on such low-ish volume. When are all the flippers who bought in 5,6,7,8 going to sell?
Why is the circus still in town? The show's over. The seller stopped. The MACD crossed. Even the .0007s were dropping EOD. Just buy. You don't have TIME to try to talk anyone into giving you .0006s. Oh wait it'll probably gap tomorrow anyway. Guess you're screwed. Maybe go for .0008s? - they're not a bad deal either.
What do you mean this isn't running? I remember flipping this from .0115. It's run about 5000%!
From Q4:
1. Entry into a Material Definitive Agreement.
On December 17, 2010, we issued a press release announcing that we had an agreement with Rite-Aid to supply products into Rite-Aid stores, with a roll-out date for product launch planned for March 1, 2011. On or about December 23, 2010 we were notified by Rite-Aid that the point person we were communicating with at Rite-Aid was no longer working with Rite-Aid and our product would be re-reviewed by Rite-Aid personnel. We are currently still in discussions with Rite-Aid and there is no timetable for our products to be in their stores.
On January 7, 2011, we issued a press release indicating that we were in discussions with a large discount department and warehouse chain, which, if consummated, would allow us to receive orders for our product lines from the stores. There is no new news to report regarding this potential business opportunity and discussions are ongoing.
On January 18, 2011, we issued a press release announcing that we signed a production and direct response campaign management agreement with Stardust Entertainment, under which Stardust will produce a suite of television commercials for the purpose of marketing our product lines. Since signing this agreement we have been working with Stardust on several infomercials and are
currently media testing the infomercials prior to release..
On January 20, 2011, we issued a press release announcing that we finalized projections for an upcoming direct response television (DRTV) campaign and announced an annual sales projection of $46 million, with $5.9 million projected in the three months ended April 30, 2011. To date, we are behind schedule for beginning our DRTV campaign. As our timeline for starting our DRTV campaign becomes more definitive we will update our projections as necessary.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45892
No RiteAid.
Store deals were supposed to be done in March.
Commercials were supposed to be airing in February...
Actually I showed up this Monday at .0011.
I told you all about how overvalued this was after posting $125K of losses. I knew it was due for a drop even WITHOUT the dilution.
Now I see dilution in addition to this being overvalued. Due to the dilution, its magnitude, and MERQ still selling at .0005, I believe this will go even lower before bouncing.
You may be somewhat higher up in the queue but not significantly. The MMs tend to rearrange the queue every day or even every time they move their bid/ask on the L2. Order flow in the OTC isn't fair by any means. Certain MMs have order flow agreements with other MMs and shares take their fastest and most efficient possible route. Because of this, I'm often able to take positions on the bid in certain stocks same-day knowing that there's still a huge support underneath me.
I dont see the value in buying LKEN at .0004 though. It tried to bounce at .0005 and failed. MERQ is still at .0005 with his order. This is about to head into its 10 year low after diluting enormously, multiplying its float by 6, posting $125K losses, and having a bunch of failed deals. You're likely to get your shares at .0004 and then see the bid crumble, 5MMs asking .0004 and suddenly feel like selling...
That one might work out good for a bounce. Just hope they don't pull an ATPT and start hitting the bid repeatedly with multiple 90M sell blocks.
LKEN is merciless with dilution. Every time they do it, they're not happy until the stock drops at least 80%.
They're also DUMB, diluting after the horrible financial was released instead of before.
I saw that this tried to bounce at .0005 but then MERQ came back with more hundreds of millions of shares to dump. I think he absorbed whatever cover/bounce there was left at that level. MERQ is still sitting on the ask with his 1000/whatever offer. That's a little too scary for me.
In addition, this company just posted $125K of losses, assets<liabilities, and none of its deals seem to be panning out. The company itself has no valuation anymore. Realize that now you are simply playing the movements of MMs/covers and not the actual value of a company. Dangerous stuff.
Of course it's up to you to decide when to buy/sell. I'm not an IA and can't give you advice. But if it were me, I'd wait for a lower price...
Why would a dividend even matter?
First off, where is this dividend information coming from? Could you please tell me? I haven't been here lately.
Second, is it a cash dividend or a share dividend?
-If it's a cash dividend: They just posted a $125K loss for 6 months and assets<liabilities. Where the hell are they getting the cash from? From diluting hundreds of millions of shares?
-If it's a share dividend: Who would even care? The shares of a company losing money are worthless. We all learned in grade school that anything times zero is still zero.
And finally, from what I've witnessed around OTC lately, "dividend" has been the last cry of all the biggest scam stocks before they plummet, get suspended by the SEC, and then trade on the grey sheets at an even lower price...
I laughed so hard "Free Ink .0004 life" LMAO good one!
Woah that was close. I was hedging myself and bid sitting at .0005 all day trying to get more cheap shares and almost lost my chance at .0006 when the MMs did that super fast suprise attack. But thanks to whatever IDIOT sold me a partial fill of 2.21M .0006s after we had just broken resistance and there were 5MMs bidding .0006 - LMAO
I bet the MMs were just waiting all day to see when they could get the max amount of sellers on the ask.
The dump is over - no more cover blocks - MMs scrambling for shares and soon re-investors, daytraders, and chasers will follow.
If the dumping is really over now, I think it could spike to around 12 and then settle around 9 where it will wait for further information about financials/revenues before it makes its next move.
Then if Q1 is good it's off to the races.
The dumps over. VERT is just an MM. That 39M Form T was the last load of shares issued by the restricted shareholders. Those form Ts are what happens when an issuer/dumper has trouble with transacting the flow of shares to an MM during the day but the MM shorts the shares in anticipation anyway because he has to make a timely market. The MM (such as VERT) expects the covering block so he shorts the shares during the day and then receives his cover after-hours in a form T, flattening himself out. Except this time he probably expected a bigger covering block than 39M. Now he's probably still having trouble getting shares from the issuer and he's not short selling anymore because he knew there was a problem yesterday. The wall is probably fake. VERT is just an MM, like the rest of them. VERT wasn't even leading most of the dumping when we were up around .0010; it was VFIN, who is now at .01...
(speculation)
Note that I am restricted to 5 posts per day and cannot make small talk on the board.
I'm just saying if you listening to my warning 2 days ago, you could have saved 55% of your equity, or rebought now and had a 100% larger position. Take it for what it is...
I warned you all about this at .0011 on Monday night! lol
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61196408
Yup this is what happens when you buy something because it "has something cool to sell" and ignore a $125K net loss on its financials.
COUNTDOWN UNTIL 1.3 BIL IS DONE BEING SOLD THEN BOOM
You have to know that once the TA numbers came out and were confirmed, that all the smart money would sell and wait until it was over to rebuy. It might not even have anything to do with anyone's confidence in AppTech - it could just be greed. Pure greed and increasing position through a highly predictable pattern/event.
There's only a finite amount of shares to be sold which should almost be done and you have to know all the real investors are just lurking around like sharks waiting for it to be over before they accumulate...
This is all panic.
I put my bid of .0006 in LAST NIGHT and didn't even wake up till I was filled. I knew something like this would happen after the increased float became public knowledge. Too bad I was off by one tick and didn't buy at .0005. Still I nearly doubled my position after selling at 10 and 11. I sold after Monday opened weak and the charts showed that the restricted dumping was likely, and then when it was confirmed with the TA call. I actually warned you guys when this was still trading at .0009 and .0010. Congrats if you listened. I got alot of PMs cursing at me, insulting me, putting me on ignore... LOL.
RESTRICTED SHARES ARE CHANGING HANDS. THAT IS ALL.
From yesterday's TA information we saw that 1.3Bil shares have become unrestricted. That is what has been being sold. It is probably almost done.
There is NO DILUTION. APPTECH is not selling any shares. The OS has remained the same. Your percentage ownership in the company has remained the same. Your vote in the company has remained the same. The only thing that has changed is the tradeable float.
Also, the float has NOT DOUBLED. That is an exaggeration. The float has increased by 47%...
What we have been seeing lately is a massive panic sell from both the restricted holders and retail. We are now down so low that even the restricted holders might have gotten scared that the PPS was dropping so low that they might not be able to sell and make the kind of money they wanted, so they accelerated their selling. Hopefully the 1.3B is almost done. Would be great if that 84M was them blowing their load for the last time and now they're empty.
At .0005 we are now trading with a $2.2M market cap.
LKEN recently posted its last 6 month financials with a $125K loss, very low sales about .1% of its projections, assets<liabilities, and a float increase of 300% in the last few months. All of its PR deals have fallen through or are being stalled forever. Yet LKEN is trading at .0011 with a $5.5M market cap.
LKEN is trading at 250% the market cap of APCX. Totally ridiculous.
Why slap the ask? I'm getting filled at the bid just fine.
Well maybe not, if all I get is this 750K partial fill I'm going to be pissed!
That doesn't work with my broker they still charge me another commission...
Can someone tell me why this isn't at no-bid after Q4? All they do is lose money. They lost $125,000 in the 6 months ended Jan 31, 2011, assets are less than liabilities, none of the deals in the PRs went through, and everything they do involves an agressive share printing machine.
What keeps it up here at .0011 with a $5.5 million market cap? Who pays for a sink-hole?
MASSIVE RECENTLY UNRESTRICTED SHARE DUMPING
Oh.. my.. god.. so all of the supposedly restricted shares have been unrestricted and are being dumped.
From last disclosures:
As of the period ended December 31, 2010, the Company had common shares outstanding
as follows:
7,500,000,000 shares authorized.
4,872,183,519 common shares issued and outstanding.
2,818,000,701 freely tradable shares.
Issued and Outstanding Common Shares as of March 11, 2011: 4,405,516,848
OS: 4.455B
Float: 4.1B
My opinion on this has changed. As you all know I am a trader who looks mainly at charts, time/sales, and L2 data, and my opinion turn very quickly on a dime during trading hours.
Yesterday, I saw that 100M sell block on the bid not moving a single MM and thought that it must be MMs screwing around desperately with each-other trying to cover shorts and it would definitely be an indication of a turnaround.
If that was true, this morning would have opened with huge demand, especially with the news. But instead there was almost no buying pressure at .0011 or .0010, we fell right back through the .0009s, received a fluffy piece of news, and no longer see the super-strong immediate accumulation line at .0009 and .0010.
This confused me for a while but I think I've figured it out: Whoever is dumping (CEO, preferred shareholder, promoter, whatever), is using MMs to do it. Rather than dump it straight and cause a panic like some stocks do with VERT, they're having one or more MMs short so they can pretend like they're not diluting. Then when they're all done their stint of shorting, the dumper covers them all with a huge AON block at/below the bid, and everyone is flat, to start the next round. This would explain all the weird huge sells, the L2 not moving at certain times, the abnormal volume, the appearing and disappearing support levels, etc. The agency who is doing this is most likely the same as the one paid to promote this. Virrmac or whatever. Even if they aren't, they're still being paid in the form of the profit they make in between their short and their cover, a very nice deal.
In addition, I did not like this piece of news at all.
-It said they're going to pay in cash. HOW MUCH cash? Do we have that cash now? How are we going to get that cash? Do we get any cash back if they don't perform?
-It said that APCX is going to make an "investment". Ok... what type of investment? How much of superstar do we get? How much of their revenues do we get? How much revenue does superstar even make?
-LOI. Now we're down to talking about LOIs? Most pinksheets LOIs I've seen never happen. It means that the conclusion of the deal is nowhere in sight. There isn't even any kind of timetable or any terms of the deal in the PR.
-The CEO only had to do ONE thing to turn around the PPS and that is release an 8K with revenue. That's all anyone here cares about - REVENUES. This stock ran on REVENUES. It didn't run on LOIs and protection against shorts. The CEO needs to WAKE UP. He is obviously not tuned in to the real interests of the shareholders and what his stock needs. He is skirting the issue.
-The consecutive PR after PR after PR shows that it's even more likely that the CEO is desperate and trying to dilute.
AND THE TA NEEDS TO BE UNGAGGED!!!
This entire post is my opinion and may or may not be true. I'm making observations of trading patterns and referring to PR content. I am not trying to slander this company. Anyone may correct any of my points if they think I am wrong.
Be aware that I am limited to 5 posts per day.
Our CEO is REALLY starting to piss me off. We don't need ANY of these PRs. All we need is an 8K with revenues and/or an ungagged TA. This ran on revenues and revenues alone and now it's dropping like a rock because of these fluff PRs and because of the 95% "cost of services". We want to see NUMBERS. Nobody cares about anything else! Jesus Ottens get your act together!
There's nothing wrong with that post. You are allowed to talk about the CEO, company officials, MMs, and pretty much just about anyone as long as they aren't a site user. You simply aren't allowed to talk about site users.
Someone needs to contact/find Oronco and prove that they are doing business and making revenues in their PRs. I'm getting sick of hearing the PRs called a lie because Oronco is doing international business, used to be inactive, etc. I might just make a short trip to Miami and visit their office myself.
More specifically it's a fake exchange controlled by a single entity/collusion. It's not an exchange from one legitimate investor exiting to another entering.