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I'm getting in today because we will run EOD IMO.
Few fast things...
There were revisions to the insider sells so DZ is probably done now or close to it.
Also, when ever a stock sits for a long time it just gets sold in to by some of the long time holders when it does rise. Some people lighten up, others get out. I'm not saying that's a good idea, but it is what happens when a stock sits for periods and then rises w/o info.
IMO Petro is right about the panic buying and I too hope news comes this week.
If not, we will roll back slowly and we can all load up cheaper.
Which isn't a bad thing for all of us really.
Have a good weekend and we'll see what happens here.
Looking good guys...Just remember that the R/M is comming but we just don't know when.
They are probably done.
What you are seeing is people were all waiting to get in knowing that this IS going to be big when the deal is finalized and financing's in place.
They know that anything in this area is going to be a bargain.
The selling is probably sharholders that have been holding a long time.
That might be all they have left.
YEESSSS!!!!! And it Counts!!!!
How about Herb Albert with his brass band
Probably people who are in it for the flip but have no idea the hole the company dug for the share holders to fill.
The volume is so low for what needs to be sold to fill those convertables it's possible you might see several PRs in order to sell shares.
Take care Lich!
Don't buy, this is a chance to get out.
I don't have a position here but the company needs the pps to move in order to sell shares. Read the filings and you will see all the convertable debt notes.
Good luck guys.
I agree with you but we should be buying anything under 24 until the deal is done.
Agreed, sounds like good news but large deals always take time.
Honestly, the fact that it is taking so long AND that they never diluted the shareholders tells me that this is legit and money is safe here.
What does the Bch stand for????
Bayport...Cosmic...????
Dunno but it might be interesting to ponder.
It's at 21/24 right now...It was probably a L2 hic-up...happens from time to time
Heavy MM maipulation here.
Good luck guys... I tried to buy in at .0007 with a large order. About 1 minute after I placed the order you see the large 3.2 Mil buy. None of that was mine. Probably a short cover for the shares sold at the same price.
IMO you have MMs pushing this around. Hang in there guys, you will have your day.
Just thought I would let you guys know.
It's ALIVE!!!!!!!!!
Havn't found any info yet tho....Looks good!
With all the assets and leases under contract we are incredibly undervalued no matter how you cut it.
This never should have gone so low so this is a great oppurtunity for when ever deals come in.... Today tomorrow...Next month..When ever it happens.
There's no news yet with any of the other Companies involved in the deal also.
Fundamentals are the same. So were good still.
Nice Find!
It doesn't give the perameters but I'm sure your right and most of those shares are sold already.
Hey Petro, with everything on the table here there are no surprises around the corner to scare anyone.
We are going up big time and I don't mean to seem like a basher or one of those scitzoid flippers.
I remain long and keep adding more when it dips. I did miss the drop today however.
Have a good night and we'll see you tomorrow.
We are deffinatly on our way here.
Hey Gold, check the insider planned sales on your home page.
DZ has 2 planned sales of for 22.6 Mil shares. One that is about to expire at .0089 per share and another that is for .0024 per share but isn't in effect yet.
Now they don't have to sell at these prices but it is the minimum sale price they can sell at.
Don't sweat it tho, when news comes that 22.6 will go so fast it will be shocking.
Hey, look at it this way...If the mistakes wern't ever made we wouldn't have the oppurtunity we have now at these prices. So in a funny way we should be saying thank you!!!
It is the reason why we arn't an 80 cent stock any more tho.
You would have to agree that there was at the very least the appearance of impropriety here.
The companies actions in regards to the purchase of assets from a seperate Company in which your the CEO only to unwind the deal but still hand over 30 Million shares is at the very least unethical.
The conflict of interst there was astounding. Now DZ is holding the 22+ Million shares like a Sword of Damocles here. I for one will be very happy when he's gone.
All that aside I do agree with you that this stock is going to move up and we need to see the deal and the financials.
That share sale yesterday couldn't have been DZ.
They have to sell at .0089 or above currently.
Either way Johnson is a snake and I for one can't wait until he's gone.
The good thing is that Johnson probably won't have any role here after the R/M is done.
I'm refering to the fall of last year where Johnson and the board increased the A/S by 1.5 Billion then handed out a 30 million shares for a deal that NEVER happened.
It was idiotic and sent the PPS to the floor.
They have a whole new board now and we all knew Gordon was a crook and ran BYSD in to the ground.
This isn't even the stuff that blew the stock up in the first place.
IMO the R/M with new management is still in play.
Good find tho.
I hope they can get things done over the holiday's here.
It would be a nice little Easter Gift Monday!
As long as the company comes thru it won't matter but if we get to the 30th you can see what our cap will be.
You would think but I believe the insider filing is only good for 30 days anyways.
They just want to have the ability to sell on the 30th is all and they are not insiders.
They were handed advance shares for a deal that never happened a year ago. These are what is left of the busted deal.
It was in default because they were late to file their officer list which is now done so yes....this is good news here.
Another piece that needed to be in place before anything official.
Now that the cat is out of the bag they havn't sold off a single share.
My guess is that they are going to hire another PR/IR firm to get the stock to run then dilute the living day lights out of it.
If we head that way I'll be back for the flip but this crud should be illegal either way.
Good Luck Teff!
It's a good thing because they need to do a RM or take close to a year to go public with Cosmic alone. Going public isn't cheap also.
They are going to end up with a R/M and then do some sort of financing IMO. I doubt we will ever see an actual S-1.
An S-1 is for a share offering but it looks like they want to RM and gain financing with the shares as a back stop, probably in convertables.
We can say for sure that they are moving here.
Guess it's not any big deal.
Stuff we know already.
Wow, it says Cosmic is a Division of Bayport.
That hasn't happened........
Yet!
I will try to explain as gentley as possible so it won't imact the PPS.
I hate people who sell, get mad, and torpedo stocks out of spite but here it is.
Bottom line is all in the 8-k filing today. The company claims that they didn't file before because they didn't feel the info was material to the value of the stock. With the deal they cut it was TOTALLY material and has been the problem with this stock for months now.
AND...AND...The selling is less than half done. Now with the PPS where it is the slam down could send this to the very bottom.
Basically they put out a letter to the share holders on 10/19 and debt was being converted starting 10/25 as well as handing out 12mil in shares to 2 PR firms in November 2010. They even recieved cash for convertable notes on 10/21 and in December as well.
Now financials are due so this crud would be comming out anyways.
If there was anything good at all in the 8-k today is, that they might need to back off this fleecing of the share holders to drive the PPS up to sell again. I will pick up the stock for a flip if that happens...Until then I will wait until the selling is done and load in the low trips.
I guess this wasn't so gentle but believe me, I am being kind here.
Read the 8-k all the way thru and you will see. Take care!
You know...with the letter to the share holders and the 8-k today makes me want consider a law suit.
Good luck everyone.