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NO !! Watch what happens. This will get pounded back to no-bid, perhaps before you have any chance at selling st a profit. You will be competing with the 1 Billion shares the company registered to sell.
This might be the worst stock in the entire market right now. Most expert traders don't even touch Raven Moon anymore because of the multiple reverse splits this has had since 1999. You can try to get cute and pick a bottom, or even average down but your better bet is to place a sell order below the bid and just forget you ever bought this.
It throws off the candlestick readers, and thats a good thing.
Careful - that was filed by FCCN, not AMEP.
An S-8 for 1 billion shares was filed a few days ago.
Contractor, can we assume the the paperwork needed to remove BDC status has been submitted to the SEC ?
I think the r/s took care of that. I wonder what the authorized, o/s and float are now.
Now thats starting to make sense. Makes me wonder if he got 'ripped off' again and now he can't find the storage shed where they delivered all the Optipures.
Forget the hamburger, its HIS meat being gobbled up. Meat processing plant and hotel probably the same place.
I'll wait to hear before I jump in. Give these guys a chance to react. I think a lot of the problem is everyone getting their shares to trade. But no doubt there are some other sellers too. But they better have some kind of IR campaign going if they are going to sell shares, otherwise all us shareholders will be is just whores for these guys. Nuff said.
You got it, MK. Whoever is still holding is running out of time to get anything.
I think a lot depends now on whether the company or whoever is selling is going to let up. Somehow I get the impression that management wasn't quite ready for what just happened here. And that duplicate PR stunt, wow damn like these guys left their brains out in the street or something. They can't really be that dumb - I think we will see some better action pretty soon.
Seriously folks if you bought today you are running out of time to get any of your money back if the pattern holds true. The sooner you sell at the bid, the more money you will have left. This is headed straight for zero again IMO.
Simple as that.
I think they are the usual suspects. Could even be some of the folks from WallSt.net who are paid to flog this POS. Problem is they have to watch their press releases now as they can get halted, investigated, and sent to the grays or even have their registration revoked. Its starting to happen a lot more now as the crooks and their accomplices are finally getting stood up to.
At a minimum the result of the vote and SHM should be considered a Material Event that warrents the filing of an 8K. I think they have 3 days to do that. Plenty of people are watching, while it may not be obvious (to you).
OK but he should be pulling his buy too. We need to see this at no-bid as soon as possible.
LOL website . . . and cardboard box reverse-merging with the dumpster. Thats us !! Whoever buys this has to have his head examined. That slows down the trading quite a bit. No wonder we see only a couple buys a day. The shrink must be racking up the overtime.
Yes !! Yes !! excellent trading everyone - sell at the bid, grab anything you can because its better than nothing. Sit back and wait for the halt as I hear one coming. Don't look for a bounce and don't average down. Get out, there are a lot better stocks out there. GLTA.
I dunno - a few weeks ago I heard about the CD so I went away and not a month later I looked again and its in the toilet. I keep looking for a buy point but I don't think I will ever find one. Be back in a month or so anyway. See ya !!
Seems that the convertibles are responsible for this thing tanking ? Are these floorless convertibles - in which case this might not be an investment for a long time.
ITP . . .
Take care of your priorities, the quest can resume any time. Hope things turn out well.
So votes have to be in by midnight tonight unless you are going to cast them in person at the SHM ?
Oops - right. And I forgot about Cornell, and the SB-2 registration statements, etc. Could we be seeing conversions and selling. That would keep the share price capped until all that is out of the way.
Not so sure if on the company's part if it is non-reporting. More likely we should see something from ABB. Question is where is the 5% threshhold, and could it be a moving number. Eventually we would hit it, in either case. The number might not need to be reported until the buying is complete, though I am not sure about that rule.
There are two different listings for Innova. I used the one which had an effective date of 11/14/2006, which I assume is the date of the reverse split.
I called Delaware and believe it or not, the total authorized common shares (par value .001) is 100, with no number for o/s, float, or restricted. An even one-hundred. That to me makes no sense, unless the authorized has no ceiling. I will try again tomorrow to see if anything different comes up.
Maybe ABB agreed to buy up 25% of the average daily volume at the average price of each day's trading. In effect ABB will eventually buy a predetermined x% of INRA. Hard to say whether shares traded are treasury shares or are they dilution shares (but not affecting the trading float). Something like this could go on for weeks or even months. Just a thought.
You betcha !! And I see odd lots going across which means holders getting out with something. It take guts to sell, but now they have money when they very likely would not otherwise. We could possubly see some frontrunning trying to get others to buy. Be aware.
Just another trash run, wu. I want to see RVME r/s again before May 11 or get halted.
Maybe not, but now that it can greatly increases the chances that it will. Stock promotion is also becoming a target. OTC companies will need to be much more careful than ever, else their destiny may be a living death on the gray sheets.
SEC Approves Amendments to NASD Rules to Modify and Expand NASD’s Authority to Initiate Trading and Quotation Halts in Over-the-Counter (OTC) EquitySecurities; Effective Date: March 16, 2007
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_018664.pdf
I say again . . . halt coming ? The SEC might just be paying a visit to ComedyCentral.
News false and misleading ? Halt coming ?
No - you can say its not over till its over, and it won't be over until Frank is over. But no matter what we aren't as bad as the CMKX folks. I understand there is a 24/7 Paltalk room of nothing but those guys. I'm glad I don't live like that.
LOL "But that trick never works !"
Still trying to find the Delaware 7-digit file number for PKTO. You can call the Delaware SoS automated system to find o/s and float for corporations registered there. ETIM has been checked on a regular basis using this method.
That I am not sure - both PCLO and RVME have both done it 4 times in a 12-month period, though RVME just missed a 5th one by a month. PCLO has 10 total r/s, and RVME now with 8. The last r/s PCLO had was 6/15/06 and it is actually a better company and a better bet than this one. PCLO has been trading .0001/.0002 for months now and their last quarter was profitable. I am not recommending PCLO as an investment either, as nearly everyone who has ever invested in that company has lost all or nearly all their investment, though they just may be turning the corner. IMO RVME will eventually pass PCLO as the all time r/s leader. RVME already has the speed record.
It is CRITICAL that everyone pull your buy orders to force this to tank as quickly as possible. They have until May 11 to break their world record fastest time of 2 months, 3 days between reverse splits.
Wow. A $28 QUADRILLION investment in the company made before June 30, 1999 would be worth $1 today.
"$90,000,000 ($90 million dollars) if they could dump them @ Bid .09"
True but at this point they are lucky to get about $100K-200K worth of stock sold before they have to split again. The bid is never that strong, $ wise.
BUT looky what happened today. There is hope.
SEC Approves Amendments to NASD Rules to Modifyand Expand NASD’s Authority to Initiate Trading and Quotation Halts in Over-the-Counter (OTC) EquitySecurities; Effective Date: March 16, 2007
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_018664.pdf
Maybe everyone just needs to just sit there in silence like the company and let the s/p find its level. On the other hand it would seem those guys would want to do something to create investor interest especially when blocks of shares keep getting dumped in a slow but continuous drip-drip-drip. That tells me management has broken the piggy bank and is scooping up the pennies.
Good. Lets hope the buying pressure continues.