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Interpretation of FINRA short report: Anything up to 146M of new short interest was shorted yesterday. You don't know how much was covered. It's impossible to determine how much short interest was created. It's a gamble either way. We only know exactly how much short interest there is in a stock in that little report that comes out every two weeks. It's dumb. I think there should be one every day.
It's illegal when you have two brokers and sell your shares directly from one broker to the other or when MMs collude with eachother and swap shares back and forth with the intent to manipulate the market.
BTW they dont have to short to do all that washselling. They only have to acquire the shares once and then they can swap them as much as they want using regular long transactions.
I know, it's just the pinks, and they probably wont get caught. But at least this is still an indication that we're probably going way up from here.
Posting negative opinions on message boards may not be illegal but WASHSELLING IS and if the SEC bothers to look into it then the MMs and hedges doing it will be BURNED. The 100M trade was a DUMB stunt and I saw how they immediately tried to cover the tape up with those dozens of 500K trades so nobody would see it. They probably meant for it to execute in multiple blocks and not one clean dumb looking block. MISTAKE.
NO DILUTION. JUST WASHSELLING!
200M is sold on the bid in a matter of minutes with 90M in a single trade and the L2 reacts as if nothing ever happened? I don't think so...
1.5B of volume in 2 down days and the accumulation line remains the same? I don't think so...
MMs are just swapping shares back and forth over and over to imitate dilution because they're in a race against the clock!
The sellers are walking on a very thin rope:
-Any kind of proof of the CEO's PRs come out: KABOOM
-An 8K comes out: KABOOM
-Audited financials come out: KABOOM
-More revenues are released: KABOOM
-Q1 comes out: KABOOM
-Another disclosure is released with the current SS remaining the same as in the last disclosure: KABOOM
-The TA is ungagged and the SS has remained the same as in the last disclosure: KABOOM
It's a race against time and that's why now you are seeing them doing as much washselling and desperate trading tricks as possible.
Remember guys, their only argument against us is the possibility that the CEO and all his PRs are complete lies. Other than that, this is a great company. An 8K or any kind of proof comes out and KABOOM.
Sales are increasing at a rate of 100% per month. Nice.
Thanks for pointing out that site. It shows how much this stock is capable of being shorted. On Jan 31, there was a 140M short interest. Wow. And that is before most of this volume even started. I wonder what it could be now? 500M?
Please help me understand what you are linking me to here. I see the short interest as of Feb 15, 2011. Where is the short interest as of Mar 19, 2011?
and it is disappointing to know the CEO is foaming at the mouth spending energy on message boards though-out the day.
Apptech doesn't need to spend its time/money creating a state-of-the-art website because it does not sell its Apps through its website. It sells apps on iPhones and in the iTunes store. The website is not a store front; it is mostly for investor relations.
I dont remember the filings mentioning a secretary. So you would rather him have a secretary, pay the secretary a salary, and reduce profits?
Why would APCX trade at .0002?
APCX traded at .0002:
-BEFORE all of its debt was vanquished
-BEFORE its assets were greater than liabilities
-BEFORE it retired 2 billion shares
-BEFORE it started selling apps
-BEFORE it acquired Oronco and made $165K in the first 45 days of business with $3 million annual projected revenue
Clearly there is a need for a PPS adjustment from .0002. Why would a debt-free revenue-generating business ever trade at the same PPS as when it made zero revenues? That makes no sense at all...
So you think he should 'care less', continue to have his inbox filled with complaints, and then not respond to them? If he didn't respond to his email, what would you say then?
The PR was an efficient move. He quelled most people's concerns publicly in one fell swoop rather than continuing to receive 20 emails per day with complaints about bashers. It was either publish the PR or respond to email after email after email. The PR probably saved time. You do want the CEO to respond to emails dont you?
coincidence
I highly doubt it could possibly go any lower when you have guys accumulating 100-200M at a time at .0009 and .0010. Judging from the recent two days of trading, especially EOD today, it would seem that this thing has practically universal support for the entire float down here at these levels.
You better hurry up and cover before Q1 comes out with the new revenues. We know there is $165K at the very least.
The recent actions of the company are
-becoming completely debt-free
-completely getting rid of an old, defunct company
-possessing assets>liabilities
-retiring 2 billion shares
-creating multiple streams of revenue including:
**selling iPhone apps, including one already in the iTunes store and more scheduled for release within the next 3 months
**completely acquiring a company that has projected annual revenues of $3 million and has already made $165K in the first 45 days of business.
-becoming current on all financials/filings, which is likely to upgrade pinksheets status within 3 days
-not diluting
And that's only the Oronco revenue. Don't forget AppTech's other streams of revenue from selling apps including the See Jesus app (already in iTunes store), the brazillian soccer app which is to be released within 3 months, and other apps in development.
Some people joke about "if you really believe in this stock then you would sell your house and buy now", but at the end of the day today it looked like someone literally sold their house and was using the proceeds to provide (at least) $200K of bid support at .0009...
That's if it wasn't a wash-sale (which it probably was).
Guys enjoy your weekends. Do your 'weekend thing'. Don't let these guys get in your heads. If you can uncover a brand new piece of DD about the companies business/revenues then that's great but otherwise I wouldn't bother responding to any of them. Everything they're shouting about has already been discussed on this board for a week and they're just going to waste your time with redundant points and arguing in circles. No matter what conclusion you come to, they're just going to post the exact same thing in all bold/caps on Monday morning as if you guys never talked. Just let them do their thing. When the board is filled with the most negativity possible, that is when the smart money knows to buy. Enjoy and buy the fear.
No I didn't get that from the CEO.
It's not an uplist - it's a change in pinksheets status to current reporting and then to full reporting. He never said anything about "uplisting" and nobody has ever done an RS in the name of changing their pinksheets status. Stop reaching...
lol I started my 'weekend thing' early. I woke up this morning and saw the .0008 crap and just went back to sleep. Then I woke up again pleasantly suprised to see the .0011s back. I'm still happy at EOD because I'll take a 200M+ support level any day - whether the 200M is real accumulation from real sellers or whether it's just a desperate short washsale indicating a massive short position and no real sellers. With volume like this every day, it's only a matter of time until the entire float is in someone else's hands. This is very similar to how LKEN behaved in the trips before its second run to .0186.
Clearly there has been washselling at the bid to imitate dilution.
200M couldn't just go through at .0009 and not budge a single MM.
And if the 1.5B was already distributed to so many people that nobody was a 5%+ owner then I'd say the shares were already distributed, factored in, and affecting the PPS during the run to .0023
The recent disclosure statement (the same one you're quoting) does include a block for 5%+ owners.
Your theory about the 1.5B being wholesaled to someone and not yet "sold into the float" has a problem: They would have to have been listed in the filings as a 5%+ owner. Anyone with more than 275M shares would have to be listed...
There are lots of 9M and 10M BUYS TOO. So if every 9M sell is dilution then what is a 9M buy? A BUYBACK?
well they failed
The TOU is position-neutral and doesn't protect against misinformation. Nobody can be banned for talking about a stock; only other people. Fortunately for us, these people help us accumulate cheap shares and play bounces, so why complain?
BS. It is a distinguishment between what the customer is paying for goods and what the customer is paying for services. This is a SERVICE INDUSTRY. And that disclosure is exactly what I was referring to - thanks for repeating it again.
Guys "cost of services" is a TYPE of revenue. It is not a "COST" for Oronco. It is a cost for the CUSTOMER. 95% of revenues being cost of services means that Oronco's customers are paying 5% for hardware/setup and 95% for monthly charges for communications, etc. It doesn't mean 5% profit. That is BS!
It is a SERVICE INDUSTRY.
If you wait till there are one or two MMs on the ask to buy, you probably wont get filled, and might even get 5K and waste a commission.
After years of trying to trade pinks based on L2 data, I have learned that almost everything on the L2 is meaningless unless there is heavy volume. L2 is heaven for manipulators. This is because you can do anything you want without any risk, price, or commitment. It only takes 5K of shares or money to place a bid or an ask. If that 5K is inside the bid/ask then you are risking $5 here and if it is outside the bid/ask then you aren't even risking anything. In addition, the order can be canceled at any time!
A typical strategy is to first place a front runner seller MM with a few million shares and then place a few MMs behind it so all the buys go to the first MM and it looks like nobody is moving. This is why when levels break, there are often several MMs disappearing at once on 5K orders, etc.
It doesn't matter how many MMs are on the ask. They can put as many as they want there with a 5K sell order as long as there is no volume. Once people analyze and spread awareness of the intraday PR, people start rebuying, and MMs start covering, you will see how thin this is. We ALREADY broke .0012 today and .0013s were moving while they were being bought too.
No, the bashers did a terrific job. All the traders have sold and all the MMs have shorted as far as they can into the accumulation line, which was obviously with hard support at .0009 as the 10M blocks were getting soaked up there with 11 MMs not budging even BEFORE the PR. Then the CEO released that PR. Now just a little bit more time and usual MM games on the L2 on low volume before it all reverses.
APCX intraday PR - CEO confirms NO DILUTION