is...retired
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There is no buyback, and there won't be one until an 8K is filed with the SEC. So THAT is what to watch for...
No, that does not happen. It is a myth. MM's don't 'signal', they just fulfil orders. That is, they match buyers and sellers. They don't accumulate' or even have eyes on these stocks. It is all high speed computer algorithms.
BS...every transaction is audited recorded...In the 'old days' there was some shenanigans pulled, but now there is a record of everything that can be tracked.
However, you have earned yourself an ignore...I ignore anyone that spews bs on these boards...
Every buy is also a sell...not much to tell about what is going on at this point...
Profitable companies can buy back stock and retire it - they don't NEED to do an RS, because that is harmful to both the company and its shareholders. RS is what broke companies do to keep funding their companies.
As long as ONCI continues to increase revenue, profit will come, and of that profit, some could be used to buy back part of the OS...that would be beneficial to both the company and its shareholders.
Actually, I also could be called a 'whale' on some stocks that just bump up and down a few clicks a year. I have tens to hundreds of millions of shares, and have buys in for the low and sells in for the high, all good for 60 days. So, on any given day, I don't know if I'm selling or buying, but it doesn't matter. If I buy at .0002 and sell at .0004, I have doubled my money, period.
The noise on these message boards is immaterial, and can be quite hilarious, since people attribute MM's, and insiders, and everything else EXCEPT people like me that just let the market go up and down (which is what it does anyway), but skim off the top without even thinking about it. You can play this market automatically, and it is the most reliable way to make money.
Last year for me cleared over $100K, which I immediately put into this and other similar stocks, and continue to 'build' my portfolio. TGGI is red right now overall, but my low buys are selling at double, and slowly recovering. Others have done quite well...
BS...MM's do borrow stock to make the buys/sells, yes, but it is not naked shorting, and it is covered each day. They don't actually BUY the stock you want, they borrow it. Big monopolies don't waste their time with stinky pinkies which float up and down with no obvious reason, and would never provide enough profit to even deal with it.
If you want to know who is manipulating the stock, look no further than your fellow shareholders - the whales control the price, and don't let anyone tell you otherwise. All MM's do is broker the buys and sells. Period. All automated, with a guarantee to provide the best trade available. All a whale has to do is buy up 10's of millions of shares cheap, then limit sell them over months to make their profit and hold the price at their limit until they are done. But if it goes down, they'll just buy more...
You are right. NO one is shorting ANDI, and why would anyone even if they could? No US broker would permit shorting sub penny stocks to start with, and the margin requirements would make it nonsense to even think of it. Shorting a million shares would cost $2.5M dollars...who would even consider putting that up to make a couple clicks on a sub penny stock. Good grief!!!
OTC is only updated when the company uploads changes to it. If you don't see it on OTCM, it is either not done, or not updated by the company itself.
As far as I know, NO pinks are audited. It is an expense, and provides no value for pinks. It is mandatory to uplist, so if a company wants to uplist, the fins must be audited first. But OTC does require an attorney letter for annual reports for pinks. Quarterlies are never audited nor do they require attorney letters...
That's what happens when a public company doesn't file its fins on time. Nothing filed since June, 2018...Now missing Q3, and annual and attorney letter...but annual isn't due until March 30th.
I forgot to mention that 2018Q3 was never filed, so that is well overdue (Oct 15, 2018), and will have to be in place before the annual is filed...
Fiscal year ended on 12/31. That means the annual is due within 90 days, and usually it TAKES 90 days before they are filed. Quarterlies get 45 days after end of quarter.
So, expect the annual report by end of March, and the Q1 report by mid-April.
It wasn't a buyback in the first place - it is shares that were not in trade - 'reserved' shares - that they had to get control of before they could be retired.
So, while the OS will reduce when this happens, it is not as if TGGI is 'buying' shares off the market. These shares have never hit the market. It will not change the amount of dilution we all experience, because no one 'owns' those additional shares.
No, MM's don't get 'desperate'. They facilitate trades between buyers and sellers AND THAT IS ALL.
What you attribute to MM's is not. It is your fellow shareholders buying and selling. Whales, if you will. THEY manipulate the price, but MM's do NOT have anything to do with price - they simply fulfill orders and take a cut in the process.
MM's are probably the most misunderstood entity in stocks, especially stinky pinkies, where EVERYTHING is blamed on MM's, but NOTHING is true about that. It is TRADERS that set up buys and sells, and MM's simply fulfill them. Look to your fellow shareholders for their reasons for manipulating share price. Someone can have 100M shares at a low price, with a limit sell good for 60 that gets them paid every time the stock hits their limit. That holds the price down until those shares are drained out, and the shareholder has made the intended profit.
These aren't 'flippers', they are serious traders that know how to make big profits by buying large chunks of cheap shares of a company that they expect to do well at some point, and then letting them dribble out at a profit over time. We only see the 'results', but many attribute those results to ANYTHING except large shareholders. THEY are who is holding your price down.
Sounds like a poor choice for a broker. With Etrade, I set up for 25M shares limit, good for 60 days and just sit back and let them accumulate...
Besides, last year alone, I bought 1M shares of a stock, and I found it in two trades - one for 999,999 and one for 1 share. That simply means they got the shares in two different places for 2 different prices. If you look carefully at your own brokerage transactions, you may find the same thing.
No, it is not 'game playing' by MM's. End of day, they have to cover for the day's trading (because they borrow shares to execute trades). That results in odd lots and fractional trades. It is MEANINGLESS, it is basic trading 101.
MM's don't even LOOK at these stocks - it is all automated.
Gee, that must be because for every purchase there is a sale...
My viewpoint is that Matt, as CEO of BDCI and TGGI, focused on BDCI first, set it up to be able to move forward, and has now turned his attention to TGGI. Getting ownership of the device is supposed to be a revenue stream, but as far as I know, it is not yet ready for sale anywhere, so it needs to be 'finished up', patent applied for (if applicable), marketing materials created, inventory bought, and then distribution to outlets. That's a lot for a single person to accomplish in short order, so I think not much will change for a few months. Easy enough to see if I'm correct - just takes some time for rolling things out.
In fact, those are the shares TGGI gave back to get the device ownership. So, TGGI no longer has any stake in that company except for the $120k they will pay to TGGI over the next year.
And, remember, Matt is still the CEO of both...so all this is simply moving the pea around under the shells...
there are no shorts. Try to short any sub-penny stock. You can't. Brokers won't do it.
You are right - there is no shorting of sub penny stock in the first place. I challenge everyone that says otherwise to identify ONE broker that will do it, and to short at least 100 shares to prove it. I already know this challenge will not be met, because no US brokers will permit shorting sub penny stock in the first place, and no one in their right mind would short stinky pinkies that could go up or down on 'feathers'...meaning nothing.
When you are still down over 80%, it is not time to 'wake up'. I will wake up if, and when, I can simply get my money back. THEN I will evaluate whether to stick around for what I originally signed up for...but if I can ever get my money back, I have several other places that offer better futures. I do not expect to get my money back from this stinker. I only need to decide how much of a loss I can accept to move on to something with more promise.
You cannot 'chart' stinky pinkies. They go up and down on whims, rumors, innuendo, vague tweets and any number of other ways to pump or bash. Charts don't have a place for that. The past is absolutely NOT a prediction of the future for any stinky pinky. Best example is to look at ANY or ALL of them. Occasional spikes between long lengths of time bouncing on the bottom. If you buy at the bottom and sell on a spike, you can do well. If you buy on a spike - so solly...you will have to wait for the next one, months to years away...and hope to sell on the next spike JUST to recover your costs.
That is why it is the riskiest stock trading marketplace. Anyone that thinks otherwise is deluded. The only way to make money here is to understand that there is a time to buy and a time to sell - and that is based on the stock's history alone. Otherwise, you don't know if you're on a wave or a gully.
No, not undervalued at all. It is worth what people will pay for it, and we know that that is. This isn't the big boards, it is stinky-pinky land. No matter HOW good the future looks, it is still the future. Stock values reflect what has been done, not what might be done someday.
Waste of time to read those computerized 'predictions'. Those are all computer generated 'guesses' made to make a company look a LOT better than it is. So, no, ANDI will not even see 1 cent this year, let along a dollar...please don't post this crap. Inexperienced traders may fall for this pure BS...
Nothing about stock trading is always true, except that you will either make money, lose money or break even. No kind of trend goes forever.
No one bought any stock. It was a stock for device exchange.
But the 60M shares would be worth 60M X 0.027905 = 1,674,300...
You are off by 1000X...
It is called hexagon holdings for a reason. Working with other companies and with organizations like SEC/Finra/OTCMarkets/TA takes time. You hurry up and wait. While it may seem like things are not happening at the rate IHubbers would like, I can tell you from decades of business dealings that you go as far as you can on one track, then let others do their thing, while you pick up another track. The trick is to ALWAYS have something that you are waiting on from someone else. That is where we are now - waiting for others to get their part done.
Just sit back and quit bitching about the CEO - he can only go as fast as all the other companies he is working with permit. All these companies have dealings with many other companies...so sometimes you just go into a queue and wait until they can get their part done. It will happen in time.
OTCMarkets deals with over 10K companies, with all their quarterlies, annuals, and other news and disclosures. You don't get to jump to the head of the line - you waits your turn.
When a date is not given for a particular event to happen, don't assume it is yesterday. The only thing for which a date was supplied was the DE payoff, and he met that date. Just sit back and let business go at its own rate, not the ihub expected rate.
Business takes time, and the CEO seems as busy as a one-legged man in an ass kicking contest...all will happen in due time...
I didn't say anything about whether stocks could run up/down, which most of the stinky pinkies do. I said that calling one 'undervalued' is bs. It is worth what the stock price says it is worth. Anyone can buy into any stock if they believe it is 'undervalued' based on some ihubber's lame comment. It isn't. It is worth what it costs RIGHT NOW, and may cost MORE or LESS tomorrow.
The term 'undervalued' is simply a pump term to goad people into buying. Remember that when you see the term. That is EXACTLY when you should sit back and watch what the price does.
Except that it's not a guess...it is fact. The stock price shows exactly what the company is worth. Undervalued is a fictitious construct to help explain why companies stock value is in the trenches when their public story looks much better.
When the company's value is 'recognized', its stock price will increase. Been here years now, heard it over and over - nothing is changed yet. Not that I doubt it will change, but it will be profit that changes the story. When the company becomes profitable, its stock price will rise. Until then...not so much.
Funny that you guys keep calling ONCI undervalued. It is NOT undervalued, it is exactly where it should be. The value of a company is what people are willing to pay for its stock, and we all know what that is. Don't make shit up.
ONCI's product is not tamper proof - it simply TELLS an administrator IF it is tampered with.
It is erroneous to talk of the whole product as an 'app'. There are two parts - the app and the hardware that plugs into the car. They work in unison, and THAT is why the ONCI product is so much better. All those other apps that include no hardware cannot tell what the car is doing, nor where the car is, except by the phone's GPS. The ONCI hardware can communicate even if the car is buried, which is why one application is simply to locate lost or stolen cars or other vehicles, independent of any phone.
False - audited fins are the norm for all otc stocks EXCEPT the pinkies. You can't get OUT of the pinks without audited fins.
MM's cover their shorts at 4pm every day. They operate by borrowing the stock you buy...and cover after you pay.
This will be my last post on this subject until after the share reduction is complete and the share price is obvious.
However, the share price is NOT DEPENDENT on the market cap, it is the other way around. Market cap is the variable, and it depends on OS X share price. If you drop the OS, you drop the Market Cap. I can't make it any simpler than that.
If ANYONE, ANYWHERE, can show me that returning unsold shares to the treasury, or even retiring them has ANYTHING WHATSOEVER to do with market cap, bring on a link to prove it. Or, you can just look up the definition of market cap, as I have already explained it. Market cap is a calculated entity. Share price and OS are the two givens. A X B = C (market cap).
The market cap is defined by the OS X the share price. If the OS shrinks without a split, the market cap will also shrink, EXCEPT if trading increases. My point is that there is no MECHANISM that guarantees an uptick in share price, as there is in a split. Splits have a built in mechanism to change share price to hold market share for either type of split. Not so in pure share reductions that are NOT splits. Market forces will change the price, but not the simple fact that the OS shrunk without a split.
As I understand it, these shares have never been traded, and will not by 'purchased' as in a stock buyback. They were 'granted' to the CEO and will be 'returned'. There is no money put up to secure them. If they go into the treasury, they simply become shares that can be sold at a later date. If they are retired, they drop out of the OS but cannot be sold later. They are 'gone'.
None of that has anything to do with the market cap - it will continue to be OS X share price. If share price rises, market cap will rise. Simple math.
Market cap does not change in a split, either forward or reverse. This is not a split. The market cap will simply be the number of shares in the OS X the share price, which will be dependent on traders...