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GDSM & KCMH - Both move easily. Would explode with volume.
Ron is indeed a very friendly and knowledgeable guy. I would recommend to anyone who has questions... give him a call.
Indeed. A few more days of that and they will start looking much better.
The way I see it... Samsung needs Spansion. Their business depends on it. Samsung should want to keep that relationship. What would Samsung do if Spansion stopped selling them product?
SPSN has already been delisted from NASDAQ and is currently trading as SPSNQ on the pinksheets. That filing is just a late announcement from the SEC regarding what has already happened. It changes nothing in regards to the shares we currently hold.
When Spansion emerges from bankruptcy, it will re-list with NASDAQ when the requirements are met. The "Q" will be dropped from the symbol or they may get a new symbol entirely. Even then, nothing changes with our shares.
The only ways our shares will become void is if the company dissolves the common stock or goes completely out of business. Neither of those is likely to happen.
What IS likely to happen is that Spansion will get a large settlement from Samsung or Samsung will buy them out. Either way is good for us.
I would LOVE to see what this stock would do with volume. It moves on nothing.
Based on the trades, it appears that the dilution started earlier this week. The company seems to be trying to preserve the SP by SLOWLY selling into the bid. Pretty smart IMO but they have a long way to go to get to $50,000,000.
It's not garbage... it's just not a buy prospect at the moment. I'm thinking it might be a pretty decent buy when it finds bottom. I suspect we will find it somewhere around the $0.50 area by year end.
Agreed. If it breaks the 50 MA then next key support looks to be 0.75. Unfortunately, support usually doesn't hold during dilution since shares will be readily available at the bid.
Agreed. I think I had 1 out of 15 stocks in the green today.
That's their game and until news is released they're going to play it. They won't let it run until they get all the cheap shares that they want. This fake drive down of the SP is just a "shake 'em loose" tactic. No way in hell I'm selling at this level.... multiple dimes maybe!
With the announcement of the $50 million in dilution and the recent trends of the SP, I don't think we are even close to seeing the bottom. They are dangerously close to not meeting the minimum NASDAQ requirements. If their SP continues to fall, which this dilution will surely cause, they will be delisted after a matter of time.
Once they hit the pinks, it's downhill from there.
Thanks for the links.
That is funny...it still stings a bit though. lol
They are watching you! :-P
I'm thinking a bounce right about now would be typical.
Thanks for the reply. This is an interesting company and I have been following it for a couple of months now. I'm not yet convinced of their ability to sustain profitability on what I have read about them and therefore I'm still in DD mode.
It appears to me that they only have government contracts for their solar division. Is that their only current source of revenue in that division or are they targeting commercial and industrial interests as well?
TYIA
I'm thinking less than that.
LOL Right on! What a beast!
That's gotta be code for something. Hopefully for "We are about to hit 10 cents!"
Could you please explain what that means? Is that a notice of intent to sell $50 million in shares or am I reading it incorrectly?
TYIA
I think I'm going to do the same. Orca mentioned something similar and it does make sense.
...and they seem to love Thursdays.
This stock has had multiple days of volume between 500 million and almost 3 billion traded per day and has not exceeded the .0002 SP. It's going to take something amazing to break out.
Yes it would.
Agreed. This is one crazy stock. I'm gonna be so numb when it DOES take off, I'm not going to know what to do. lol
Ditto. Any stocks I sell are going back into this one.
Oh I agree. I'm just making an observation. Would be nice though.
That's only 1500% from here. We've done much better than that % in the last month. If we were to run up 4000% again from here like we did before, that would be 0.124.
MM scare tactic?
Nice one! Couldn't even fill a small order without UT.
...and the people who listened to the negative facilitators missed out on a 4000% run from the lows of last month.
Great to see you here MrBigz! Looking like she's waking back up!
Do we have any information on the dividends?
Same here. Ready to go!
Agreed. I've only been able to fill orders in multiple small blocks. It's very thin down here. All we need is volume.
I don't think anyone want's to sell at .0028.
Same for me.
I'll take a 33% increase any day! Looks great to me.
ETrade. They were all listed under GDSM on Thursday. Weird.