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You need volume to do a buyback.
a simple "no" would have been fine.
did they give you an eta? tia
With a shareholder selling over a million shares(15% of the float) in the last two days, I would say that's the selling pressure. Should start climbing from here.
anotherboat....could you email me at roytoy101 at hotmail.
I have a question about a recent position. tia
I talked to Clayton today. I had to make sure the float hasn't changed. I said the way this stock trades, it looks like dilution. He said no dilution. He said there is suppose to be between 8-9m shares in the float. By the volume and by the way it trades, he knows there is a lot more than that.
He said he's ready to get this over with and start trading in true value and expand with snv.
I agree with the volume. We only traded 800k shares the entire day, with very small trades and for the most part about 20% difference between the b/a. Yesterday we traded 3 million shares in 2.5 hours. This small downtick on today's volume is nothing.
I agree. This is huge news. Nobody wants preferred/restricted stock. Cash is a lot easier.
That sounds about right with this stock.
When the company was up to date on their filings, the brokerages wouldn't let you purchase shares online. Now that the company is delinquent with the sec, they let you place an online order.
the last sentence in the 2nd pr states....
"The Merger Agreement amongst other terms and conditions further provides that TRUSTCASH will file a registration statement to register the Issuable Shares and that an application will be made to list the Issuable shares to trade."
That sounds like they will be tradeable.
"Further details on the Definitive Agreement, and preferred shares rights preferences will be forthcoming through further press releases and public filings"
hopefully the preferred shares will be tradeable.
Why doesn't the price valuation include the recent acquisitions?
I wonder if we have a connection with isee.ob?
With 1.8b outstanding, we're only sitting at 1m m/c. The volume the stock traded in the last week, how could anyone think the os was less than 1b?
I don't understand how trustcash can have 77K in revenue for 9 months and have a market cap of 120M.
Even if the 2B is outstanding. That only leaves us with a 600K market cap. Plenty of room to go up.
I don't think the trustcash deal will go south. Investors in tchh have already valued in dpc and a4 along with paivis. How else can tchh have a market cap of 123 million? Paivis is the one acquiring dpc and a4 and should be valued much higher right now.
The 8k says......
Trustcash at Closing shall purchase 100 percent (100%) of the issued and outstanding common shares of
Paivis on a share for share basis of $1.30 per share.
I'm looking forward to a good week. With the closing of DPC by Wed. hopefully we can get some more details(numbers) of the private company.
The biggest question....What's the track record of these so called paid pumps/alerts?
It comes down to value. With 1.7B shares outstanding, this company has a market cap of 31.5m, at close today. IMO, we'll see well under a penny on monday. Add the panic in the first few hours, I'm thinking quarter of a penny.
update on stockworldnews
From Trustcash 8K.........Trustcash to make application, as soon as practicable, to list its Common and Preferred Shares for trading on a senior exchange.
Also.....The rights and preferences of the Company’s preferred shares that are to be exchanged for Paivis’ common will be finally determined at closing but will include a mandatory annual dividend preference and registration rights, as the parties intend to seek quotation of these preferred shares.
Looks to me the shares will be registered, also tradable.
Possible news AH?
How can you possibly know this information?
Even if the company had the outstanding shares maxed to the A/S of 3B. That still only puts us at a 300k market cap.
www.detroitphonecard.com
Hasn't the A/S always been 500 million? The O/S is what has been reduced.
From the pr......we believe, the injurious downturn on our current share-price is nothing more than pointed sensationalism and an unprovoked tirade......
We're in trouble if steve thinks this is the reason for the 80% drop in share price. Has he ever thought of missing the deadlines for the audited financials or not PR'ing what the company has accomplished or done in the last 4 months? Has anyone noticed that only one in the last like 15PR's discusses what the company is doing?(sams) Almost everything else is about the delays on the af's?
The problem with another delay, is the PR's down the road won't mean s*it. The damage is done.
In the latest pr, they didn't give a reason for another 12 day delay. Anyone find that odd? In the oct. 25th pr they said the bod is done reviewing them and then said the same thing in the nov 3 pr.
This pr says the celebrations are done today.
http://biz.yahoo.com/iw/061025/0176679.html
And the stroking begins.
I think we'll see a new IR firm first, then financials.
If af's were coming out tomorrow, we would have closed higher than 12. There is ALWAYS a leak.
We need more chit-chat!
If the company wants a place for shareholders to discuss the company's progress, they should have a place like PTSC. They set up a board for their shareholders at agoracom.com.
And it happens to be down at this time.
The company states the audited financials will be posted on their website. I want to see them posted/filed with the sec. Or does that come with the uplist form shortly after? TIA
Is there any thoughts on my previous post? About why petar said we'd vote on a ceo. I thought insiders owned the majority of shares. TIA
Has anybody seen this? On wed. pr, he said the audited will be stamped this week and they will be available to view next week(meaning this one). In the same pr he said he's releasing a new statement on monday. My question is, how can he say he expects the audited financials the following week and at the same time knowing they are going to be delayed? TIA
Also, if we vote on a new ceo in six months, then the company doesn't own a majority of the shares.