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The problem though is that as people slap the ask in their buys there are plenty of people coming in behind those buys with selling into the bid. So, why would I slap the ask so that others can come in and leave those of us who are long the opportunity to be bag holders over the long term; while the flippers are controlling the stock.
I have to say that this reverse split has been an absolute disaster, especially for those of us who had several hundred thousand shares prior to verses those who held just a few thousand. Thus allowing people to sell shares that they didn't previously have, basically giving free money, and leaving several holding the bag...SAD
Are you saying you did not hold ANY shares in this account prior to the shares appearing?
And the beat goes on!!!
Does this mean that all the "Z" car pictures are not real? Or what?
Really, boy thanks for that...
To those who PM'd me, thank you,l but I cannot respond, but I appreciate the response.
In all due respect, not sure I agree. In this case, the DD seemed so very right, and yet, at this point, seems so very wrong. I have been long this stock since Feb. Rode it up, then down, then up again, and then down down down. I believe I need to just step away..I have grown angry at...nobody but myself for believing what seemed too good to be true.
I just had an epiphany...this whole OTC market is a lesson about self. There are 2 kinds of people; positive and negative. I tend to follow positive people and others tend to follow the people who are more negative. My mistake, I think, has been to follow the lead of those who have been positive on this stock (but I see most of them are now gone) and actually, I should have gone against my tendency and followed those who have spoken to the negative side of this particular stock...they have been, with few exceptions, Right. OK, lesson learned.
Plausible answer...thanks.
Serious question, how can that happen. I went to check the shares available at .0001 about 20 minutes ago and there were 65,000,000 and now 115,000,000. Are there really people selling into the ask at the same price they would have bought at, or is this dilution right before our very eyes?
You are correct. Read the info and mistook the authorized shares for the O/s...my mistake.
And then letting it run up to get some attention, then rinse and repeat. Been seeing it for the last 3 months. Sad really.
Really, 153,000,000 shares traded already and is hasn't moved off the .0001 share price? With 15,000,000,000 O/S, it's not likely to either.
Great, looks like a lot of selling going on too and would appear more selling than buying.
And all the while, the price continues down...what difference does it make. Yup, very long here but losing hope.
It only appears that way...the longs' voice gets drowned out, so whats the point. Most are just sitting back and waiting for info.
Nope, that's why it is being walked down. Oh, if we could just get a small announcement from the company. There has been some great DD on this board, but until the company say's something, all that DD will just continue to be disputed by......
You are so right. Win some lose some. There is often just enough information to get involved and not enough to make good solid decisions. Sometimes you can, but most of the time it is really impossible to know how good a company is going to be.
Thank you for the reply. If true, the would certainly put a nice value on the shares.
Well, I stand corrected...I now have 75...based on my 75000 shares. So, either the doc is wrong, or I and others just completely nisunderstood. Looks like I was wrong. Thanks
Not according to the document about the reverse split. It stated that each person would end up with at least 100 shares. That tells me that whether you have 50 shares or 50,000 shares, you get 100. If you see something different, please share. That is also what others have said right here on this board.
What do you mean that didn't happen...I'm living it. It did in fact happen.
Yup, I am about the same...all we have now is hope.
Where are people getting the idea that this stock/company has any chance at all of reaching that kind of level? What is the catalyst that will even move it up from $4.00? I haven't heard anything. If there is info out there, would you mind sharing? No, I am not a basher; I am long the stock and am too, a bit agitated that I had invested money to get to the point of 75,000 shares and will now get as many shares as those with 50 shares. Something is just not fight about that. And I will add, If I am actually a shareholder of the company which means that I have voting rights...did anyone here see a ballot come out voting on this kind of change? I am just wondering. And, am a bit angry at myself for buying into something like this.
Yup, probably right. I should have read the statement about the R/S and realized the play. My bad.
At the risk of sounding like sour grapes, it doesn't make sense to me that say I own 95000 shares (at whatever the cost basis is) and another person (who wrote on this board the other day) had say I think 1000 shares. Now obviously my # of shares cost much more than did the 1000 shares. But along comes a 1:1000 share reverse split (with a caveat that each share holder will get at least 100 shares) and suddenly my shares (now 100) are worth the same as the person that had 1000 shares (now 100 shares)??? Really? I can only conclude that I got myself involved in some kind of scam.
So, taking what you said, I tried to buy some at $2.50...just to see if it would take (not that I really wanted to buy), and it wouldn't take my order saying it was too much % above the current price. I suspect my broker hasn't updated the price and they still think the price is yesterday's close of .004. May be different for others
Hmm, interesting. I didn't see that anywhere until I went in to my acct. and tried to buy. Then it showed a price on the bid, as you said, no ask. But, still doesn't show a current on my balances. Things just haven't caught up I guess.
No price to buy it at I guess. My trading acct doesn't show a price yet.
Good point, you may be right. Hopefully, February will be the end of the road for those shareholders and the good news will flow.
All great points
I like that thought, but isn't there a way for those shares to be essentially "frozen" and untradeable in the meantime? And if so, then there would be no other reason not to come out with the really good news except that the company is simply not ready to release it.
And ultimately that will be a good thing. But, the problem we now have, I think, is that in order to get anyone to invest in a stock that will be in the area of $3.5 - $4, is there really needs to be some sort of really good news, reports of great income...all of which we don't have just yet. All we can hope is for the stock price to stay steady until the news comes
Thank you for the good explanatory info. On IHUB that rarely happens. Too often, a response comes with an attitude.
Thanks for that info. So, and maybe you know 1 way or the other, but I would think that if they do a 1:1000 reverse split, wouldn't that also cut down by the same ratio of the A/S? Thereby leaving 2,000,000 A/S after the split.
Thats a good question, not sure.
Now that's funny!!!
So, I was looking at the top of the IHUB (TRKG) site that the O/S were 152,800,000 as of 6/8/2017. So that's where I got the number from. Then I looked at the Nevada business filings on the same page and under the "financial Information" it shows 2,000,000,000 "par share count". That's where I got a bit confused as to how the two correlate...any ideas?
I was wrong about the available shares...oops.