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OT sorry i assumed post 48290 that you subscribed
anyone else that can help - would be appreciated
OT JJseabrook - is your microcap showing the increased/decreased ask SIZE movement on LII
haven't seen it on mine in a few days now - wrote an email but got no response
thanks
Power - microcap t&S for the last five min isn't even close to 3.5 million shares
702,630 is what i added up
not even a million in the last 20 min
and given the news - that would indicate to me accummulation by nonretail( someone with bucks ) as they have the funds to hold down the stock
but
that also indicates to me that the NS is not being covered
i just can't imagine that we have accummulation and covering and the pps is declining since the highs of a couple weeks ago
not with the proformas released, lumber mill, cement, 25% open market buying etc etc etc
JIM BISHOP - would appreciate your thoughts on the million share blocks going thru
thanks
another buy/sell question is - the tally that is being done - shouldn't that be divided by 2? as they need to be netted against each other - matched trades? or does the million shares block equal all the individual trades that aren't matched instanstly?
so in theory, yes warped theory, you can have an individual or a hedge fund - selling via ubs and buying via nite and all it does is create volume with no impact
a bit risky but how many people can buy and sell a million shares at a go
looks like etrade took that 500k as another 120k went right after the close and ubs already left the scene
if all fiscal year ends had calendar year ends - their wouldn't be enough auditors to do the work and the gov agencies would be swamped with paperwork all in the same time frame
does the 25% rule apply to covering of ns?
imo -you can't have ns covering and huge accummulation at the same time with a declining price - the combined buys based on rough guesses ( if the ns scenario is true ) would be approximately 300 million shares to be bought
if you do - everyone is bailing out of this stock
yes that is my point - and to confuse matters more - the asset transfer to nevada - all creditors and liens have been paid for -
not sure what assets sulja has - i would assume it is just inventory - lumber etc etc etc
thus the asset transfer could be interpreted as a company in dubai transferred assets to nevada
if sulja has a company is in dubai - must have a local owner
now does consultech have a local owner????
or are all of these assets registered in the foreign free zone where no local shareholder is required and thus this is just standard formal gov policy of dubai
i have always assumed that they are in the foreign free zone but not sure how it works if cement is supplies outside of this zone?
thus my question
to do business in dubai you MUST have a local shareholder, that is the law
i am trying to confirm the 51% ownership
does anyone know if being listed on the dubai exchange replaces the requirement for a local to be part owner of a foreign company?
i believe a local needs to have 51% of any foreign company?
would appreciate any response
and last comment - the audited statements imo will not move the pps in a rocket manner
becoming a fully reporting company will - pink sheets or not
prior yr and the proforma plus cement steel and now a lumber mill makes this company night and day to the audited statements
credibility will be instant once sec rules need to be abided by
haven't sold one share and have been buying since dec over 4.6 million
the covering makes sense given the lower volume
the more covered - eventually the lower volume
if someone was buying 25% we would see a price increase and a volume increase, i highly doubt that the price is being "locked" to buy lower - not with the NS situation
finally, the announcement of the 25% purchase imo was a signal sent to whoever needs to cover as the buyer will move the price to where it has to be
not much benefit owning 25% of a company - can't consolidate the numbers, voting rights and board seats would be limited etc etc etc - divis are a benefit - but this thing is in expansion mode
just my opinion
i used 500m
use 800m and the statement still holds true
hmmmmm let me see - market cap is 40 million right now
a lumber mill on its own could easily have a market cap of 40 million
based on the proforma - it doesn't look like the cement sales are in
thus, the question, is this a 180 million on top of the 307?
no i just don't like you and your completely moronic posts
deal with it
P.S. my screen is fairly large
don't care - deal with it
i don't like it when you clutter RB and now ihub with the same ignorant comments about dubai not having cold cokes and your ridiculous calling card phone post
you are a moron
and this comes from a guy who says you can't find a cold coke in dubai
give it up you moron
been there 3x in the past 4 months
you have no clue - absolutely no clue
die - thank you for the pm - sorry couldn't reply back as do not have that option yet
much appreciated
chicago dog? - I trust you are thinking the old Wallys hotdogs on central and diversy
FAGI came up yesterday and sat for about a half an hour @.04 ( if i remember correctly )- pps was trading over .05 at the time -than left the building
14.956% - back of the envelope calc lol
true - but than you would think that the other MM's would try to run up the price
but here we almost have the opposite - they keep selling into the bid - little run up and back to selling into the bid
very very very very strange based on the volume that quin is soaking up
bigd - that i don't understand - why go thru the entire hassle and thousands of trades when they could have done one large transaction AH - at a set price?
well should be interesting in the coming days
i am wondering why the other MM's are giving QUIN free reign
never seen anything like this
he probably scooped up around 7 million usd worth of xkem with no challenge whatsoever and basically a flat pps
i think the word expected refers to the president and not the drug itself
presidents' agendas do change at any given moment - imo
most important statement isn't even included in the meat of the press release lol
"With the Nigerian regulatory approval now in hand, Xechem will now turn to the commercialization of the drug in Nigeria and the pursuit of US FDA and European regulatory approval"
my take on the 150 million - is that is the total sales amount expected from exports ( wish a time frame was given
given that this is a nigerian company, it is a fair statement to make that nigeria will make 150 million
happens all the time, i base this on my countless years working outside of the usa
great news
pracuje w w-wa
been following the board thus i thought i would join today and come in just to say hi - a tradition in the making for this board lol
got my butt handed to me today trying to flip several times
yesterday the flipping was fairly straightforward but today i couldn't read anything right
all the best to all