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INRA closed 3/6 .1661 - looking for hard bounce off 50MA. Way oversold on disappointment from size of ABB lawsuit settlement. Lots more to come that we have not seen yet IMO.
Yep - its their poker table we are sitting at . . .
Could be. Sometimes orders are placed for a block of shares priced at the average price of all shares traded that day. Not sure if that applied to todays transaction though. Looks like it could have.
dart1961 ? He didn't post anything for INRA but FWIW we filled a gap in the chart that was open since Feb 27, if that makes anyone happy. We are sitting right on the 50MA, having given up essentially all our pre-settlement move. Without news we consolidate with an upward bias as it looks like the sellers are about exhausted IMO.
Maybe an MM was holding back a trade to paint the tape or something. Lets see how the b/a shapes up in the morning. IMO things are looking damn good any way you look at it.
I think MJ PR'ed some time back that he was dropping all lines of business except for the plasmas.
I have something a little different -
Robotic Workspace Technologies, Inc. v. ABB, Inc. et al
Assigned to: Judge Thomas A. Wiseman, Jr
Referred to: Magistrate Judge Sheri Polster Chappell
Cause: 28:1332 Diversity-Breach of Contract
2:04-cv-00611-TAW-SPC
Got it. Wow 109 associated documents.
I have a PACER account and I just tried to look for the case using the U.S Party/Case Index for Region: ALL COURTS free field search on "Innova" and nothing came up. Does someone have a searchable case number as I can find the docket and associated transcripts.
Could be - if so he grabbed a huge block of 125000 at .21 -
I should add there was a very suspicious head fake just before the bell then a 125000 sell right out of the blue this morning.
IMO the market is getting woozy from a cup of dilution thrown in. Very easy to misinterpret market sentiment when this happens.
You know it probably was fitting they got $2 million or whatever from the lawsuit. Its more than what they could have benefitted if they were able to exploit their own patent themselves.
LOL whadever. Good luck.
Unfortunately, its not.
He might have owed some old buddy a favor. Wouldn't be surprised if the settlement money disappears into a black hole and never heard about again.
Yep not only silent stroke, but now . . . silence.
Ok lets start with WNMI Warning Management Services. Research that. That one came immediately to mind and I can come up with at least 10-20 more without straining too hard. Many small companies found the expense of compliance with Sarbenes-Oxley too much and they intentionally delisted and no longer filed financials. PHSL Penthouse International, Inc. is another. Look at any Pinksheet company that does not voluntarily report financials. They majority do not report at all. Learn anything today ?
I suppose that could apply to every other company what went pink, fired their auditors and never posted financials again.
GTE was delisted. Period. Globe Tel is now a non-filing, non-reporting pink. What you are citing does not apply here. End of story.
I don't blame you. The landscape has changed significantly, time to entertain any and all ideas.
weo what is your response to floridany's item #5 ? Sound plausible now ?
I believe any requirements to file were superceded when they were delisted.
Unfortunately since this went pink we will not be able to tell who bought or sold what or when since no filings will be required.
I saw one trade .195 and 2 at .20 cross after the bell - Etrade closed at .19
There hasn't been a bid in weeks. I still think they will be given more to sell after the r/s anyway . . . IMO.
How could they ? There is no bid. Someone would have had to buy.
Maybe - I just think they ran fresh out of fools - almost. Still had 7 trades today, some savvy investors averaging down to make their portfolios look better, knowing they can't get them any cheaper. Hope it works out for them. ;)
OT: Zmani - CTUM has been associated with Cornell since it was .06 - today closed .76 though it hasn't made it any of the big boards yet. It should though someday fairly soon. FWIW the Cornell financing these guys are using is NOT the death spiral type. They only bought warrents to purchase shares at given tiered prices.
It would seem - I bought in .205 earlier this morning, saw it bounce to .23 then the news came out and I just sat there in disbelief . . . I agree this can't be the end of the story.
Yeah really, huge grin on his face, line of drool . . .
Alright picked some up here at .19 - maybe the possibility of the CEO having a silent stroke is a positive thing after all. j/k
I have to wonder now if the CEO suffered a silent stroke or something because the lights seem to have flickered off.
Could have been - a hillbilly's life savings. Sounds about right.
Kind of reminds me a guy I knew who lost his right hand in an industrial accident. He got $2500 from the insurance company with which he bought a bunch of cigarette lighters he hoped to sell. The cigarette lighters didn't work. True story.
Damn that money sure was burning a hole in the CEO's pocket.
This is true - I almost got in back on Feb 20 when it got into the low .02's but I didn't and missed a pop into the mid .03's but here we are back near .02 again. All that was it just a dead cat bounce. I still think the company might be selling shares. Whatever happened to the $2.4 million they supposed to have gotten in initial licensing fee payment and they said they would need no more equity financing ?
Oops thats right. Wu your original $250 is gone. Forget it you will never get it back here.
No - never bought. Keep watching the price going down. Is now the time to buy or should I wait for .01 or less ?
$6 to download a cartoon character, or wallpaper ? Do I have that right ? What do the cartoon characters do ? Do these guys really think this concept will work ? Is it working ? In their Q&A they still mention the old ticker FNLN. Are they ready, what are they doing ? Anyone know ? What kills me is this thing was headed for .10 and weeks later we still would not have been hearing *SQUAT*.