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So no lawyers have a right to a cut of the $205M...stock should scream tomorrow.
http://biz.yahoo.com/e/110907/abcp.ob8-k.html
Who is MMG? TIA. eom
EDIT: You got your fill. They will sell you plenty of shares at the bid!!
well i'll stop posting if that happens. i don't bet real money with internet aliases, sorry.
i'll make a bet that this won't see a .06+ bid today or tomorrow.
yeah I looked at the chart---there was no volume at .45!! you typed ".045" so I assume you meant .45 when the stock was at its highs and there was essentially no trading. Now there is major dumping of stock going on and you guys are happy??
look you guys looking for soldiers and a return back to .20 don't factor in one thing----this is a penny stock that essentially DIDN'T trade before last week. No one was buying this crap at .15 when it dropped and now no one is buying at .06 when its "going up".
.0537 now
BS----I just tried to sell 25k with a limit order of .06, when the bid was .0605 and only got filled for .5k at .0605 and 5k at .0601 and now the ask is .059. This stock doesn't want sellers that's for sure.
BS----I just tried to sell 25k with a limit order of .06, when the bid was .0605 and only got filled for .5k at .0605 and 5k at .0601 and now the ask is .059. This stock doesn't want sellers that's for sure.
Post 2433
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66860843
Look at his disclaimer. It shows he's received $15k, from a "third party" i believe to promote ALCL.
too many pumpers here. looks like a pump and dump, especially with some jerk*ff getting paid $15k to pump it saying the stock is heading to .20.
I'm out. Glad to get out with a profit. Good luck all. eom
Hope you're right!!
Why don't you guys spend your time calling BJ Grisaffi on his cell phone at 832 443 3152 to find out what is happening???
i have level II...you need to learn something about level II...if the market maker CSTI has the lead ask at .0038 for say 280k, it will only show that amount: they very well could have 500k up for sale at .004, 400k at .0042, etc. you won't know. It only shows the lowest price and the number of shares from that market maker at that price!
so to say its only 500k to .005 is silly
how much volume is at the ask? essentially ZERO, which means sellers are in control today, not buyers. The closing bid yesterday was .0038 and you are happy that its at .0031 especially when the stock hit .013 yesterday?!?!
Because its a newly created company. Just because you can't find a website doesn't mean it doesn't exist!
How is it not a pump and dump? and if anyone's been pumping----its you!! Pumping a reverse merger with an already publicly traded energy company, which by its definition is impossible since a reverse merger is a merger between a publicly traded shell and a private company, not two publicly traded companies. the stock is soon to be right back where it was at before the r/m news broke and i'm a bagholder for buying this at ~.0044.
.031 x .037 so much for that! eom
You know how many companies have that name? I can create a new company with that name in a new state if I wish today. Besides, if there was a deal with a publicly traded company----which makes no sense for a public company to merge with a pink sheet stock----we'd see a press release or regulatory filing from the other public company.
Do you have any proof that Aliens don't exist? I bought in near the end of the day, but I didn't buy in on the premise that we are merging with an already publicly traded company! Just hoping we get a decent O&G company in there and some PRs. Hell it'd be nice to see a move back towards a penny.
Why does everyone assume that this is the same Benchmark Energy; why would an already public company want to merge with a shell??
Hi, Iconoclassic!! Yeah ERY and ERX were just the type of ETFs I was looking for. Thanks!!
By the time I find the right one, there will be a new ETF for what I want haha thanks for posting that!
Hey guys!! Any suggestions on ETFs to play commodities? Looking beyond the standard USO, GLDs, etc. ....looking for more volatility and then looking to sell covered calls to take advantage of that volatility. Thanks!!
Hey guys!! Any suggestions on ETFs to play commodities? Looking beyond the standard USO, GLDs, etc. ....looking for more volatility and then looking to sell covered calls to take advantage of that volatility. Thanks!!
amazing how a "Doctor" feels the need to lower himself to whoring over a pink sheet stock!! What a disaster his life must have been...
where does it say it will increase revenues?
.05. Our only hope is this management is smart enough to take this private. Gonna be a helluva buy in the .03s!!
in the LONG term, you will be rewarded as long as the last two years' results weren't a fluke...eventually a stock will find its true price. However, in an inefficent market such as OTCBB penny land, that can last who knows how long??? We'll see if their earnings are maintainable with the loss of QAF.
By the way, when this stock posted earnings of about 2.75 cents back on 6/29/2010, the stock traded at .06 on 6/30/2010 on less than 20k shares of volume. So its been undervalued for over a year----what's going to change that.....again management needs to do a share buyback and soak up the float. Can you imagine how much a $2M buyback would do for a 20M float, .051 stock??
The company needs to act like a normal public company and start putting out regular earnings releases, buying back shares or issuing a dividend, talk about growth plans, paying down debt, etc. and have an actual IR department!! Folks, this isn't profit taking, or weakness because its coming up on a holiday weekend. Its because of a lack of buyers. Those of us who know about this company have already bought----who will buy to take it higher? And what will get them to notice this stock?
If this was on the AMEX or Nasdaq, it would at least show up on stock screeners for very low P/E but on the OTCBB it isn't net income that people care about, its hype and news.
I agree with you! Eventually a stock and its true value meet, but that can be months or years in an inefficient market, such as an OTCBB penny stock. It usually happens with penny stocks being overvalued, but in this case its undervalued. If the top shareholders are not in a rush to get this to fair value, I don't see what will make it reach fair value as there won't be institutional buyers at these levels.
I'm long but frustrated!
Have a great 4th as well!!
There is no motivating factor to make this go up....the company isn't going to put out press releases, they aren't going to buyback shares, they aren't going to issue a cash dividend, so what will make new investors want to buy this? These idiots don't know how to run a public company!
thats the thing, there is no anticipated news expected.
big spender you are. If MSFT goes to $.01 I plan on taking a 10% stake.
lol "big boys" .... Goldman Sachs putting their biggest clients into this? lol
Why do you keep spitting out the same information? Its great it has a 20M float, but if the volume stays under 500K, it doesn't matter!
i considered that as an option, but with all those warrants outstanding, i think its unlikely. they do behave like a private co. though and should have never went public in the first place if they aren't going to distribute profits back to shareholders or have an active IR department.
on the pink sheets and otcbb, people trade on stories and hype. IHCH isn't being promoted like the stock you mentioned, and the company doesn't even want to put out a PR to tell the investment community about its great results. The CEO and the debtholders have the most to gain by seeing the stock price increase to cash in on their warrants but the company doesn't want to hype it. Something is needed to move this----a buyback, a reverse split and move to a more senior exchange, or IR campaign. Otherwise it could be quite a while before this gets up to where its fairly valued, but I can wait.