Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It wasn't a full 1 Bil share sell, but around 600 Mil share sell with around 500 Mil buys. Then there is the short sell report of 400 Mil.
IMO
Best to all
The issuing of the dividend is a form of dilution. No one wants a dividend that will directly decrease the value of their shares. That is why the price drop on the news. It should pick back up once everyone has cashed out their dividend, and its effects stablize.
IMO
Best to all.
The argument against that is the term "registered" would indicate the statement refers to the shares and not to the investors. So a revised statement would read
"that own shares registered prior to the announcement".
Investors/Traders don't typically look at the certificates and have a reasonable trust in the broker supplying valid and up-to-date shares.
Its an ambiguous statement, but in a court of law, I would bet that since the shareholders have to put an inherent trust in the brokers servicing them, that the shareholders would win cases against the brokers for supplying fraudulent certificates. I would be concerned if I was holding on to shares bought in September, then I would be on my broker to make sure those shares were converted properly. Having owned shares in September, I would have "owned shares prior to the announcment". That makes more sense than hunting down my broker for a certificate to see if the shares are valid and whether they are registered properly. If I was that paranoid about stocks, I probably wouldn't get very far in trading and lose my mind at the same time.
IMO
Best to all
Are you sure that isn't the reverse split? In one day it shot up like one, and then everyone abandons ship as is protocol for pinky R/Ss.
IMO
Best to all
Why I'll have the same shares on Monday -
From the PR on Wednesday:
On doing DD.
No one can really tell someone what they should or should not do. Everyone should do their own DD.
For myself, I focused mainly on the PRs. There is an issue with past company practices, but the past month's PRs have hinted that the company is maneuvering out of a survival mode and back into a development mode which requires investor interest, confidence, and loyalty. That is the main reason I decided to get into this stock because of the potential rise in PPS the company is working towards.
About 75% of the negative posts on here have been distortions of the PRs to confuse investors. Some of the other negative posts have been about how rotten the company is, but those are more reactionary to what the company had to do to keep from going under. The rest of the negative posts are legitimate issues, but they don't seem to be glaring to my perception that this stock should be avoided.
For the past couple days, the only negative posts that continue are the distortion of the facts in the PRs, so for now, I'm comfortable with my decision to stay.
I hope this offers some clairty and method of DD for you.
IMO
Best to all
No lost shares and PPS adjustment.
No one is losing their shares. It wouldn't be a buy back if you were forced to have your shares reduced, as it happens in an RS.
Please read PRs before making up theories to the contrary.
The buyback has occurred already with the largest share holders, most likely. There would be no reason for the retail market to be sent notices and involved in it. So we are waiting for people to realize they have been doing the bidding of the MMs by waiting/selling and buying into their games, instead of picking this up and running as it should.
IMO
Best to all
HaHaHa. . . . NoOne wants to sell!!!
That has to put the MMs in a bind.
What do you when the bid at .0001 isn't enticing anyone to sell? (On TDA it shows a bid of.0001)
And thanx for the buy and confirmation that trading is still open.
New analysis of current situation: I think the SEC has sent a warning to the MMs telling them to reflect the current market activity and stop the phatom trading. What you see is the true sentiment of the market. The markets want a higher bid for selling, and for buying the market is on edge and waiting to see what happens on Monday. If everyone waits, the MMs will be squeezed and forced to buy from us in the end in a about a week and a half.
IMO
Best to all
Seems your stats are wrong.
.1% of people on here are trying to mislead you. They are the MM cronies. Everyone else is trying to make an honest effort at DD and discussion. Notice that 99% of the posts do make sense, while 1% don't and those individuals end up leaving at the end of the trading session, as if the shift bell had rung somewhere (like on Wall Street). Even some of the negative findings make sense, and that's fine. We'll have to see which interpretation of the facts and situation fits at the end of this stock cycle.
IMO
Best to all.
Nice interpretation.
That does make sense. Just because you have a ton of outstanding shares, doesn't mean all of those shares are sold or in the float.
IMO
Best to all
Could be trouble for MMs, looking at the chart.
Its relatively low volume, and there seems to be a majority of buys. If some real buying pressure was added, the MMs trying to cover would be forced to add into the buying momentum or wait. The waiting would increase the pressure on them beccause of their time limits.
IMO
Best to all.
Nice P&D setup, but you've shown your MM hand.
Give us hope of good news a few days ago to get the PPS up for the MMs short plan, and you now come in close to 11th hour to try and make everyone sell so the MMs can cover.
We'll see on Monday how all this plays out. An official statement by the SEC is the only legitimate source for such info.
If you get a link to that info, I'll be the first to apologize to you for doubting your warnings.
IMO
Best to all
And signed his own death warrant by filing an official document of record with a government agency stating the same info in the PR?
Hmmm. That doesn't sound like the ways of a scam artist, but of a legitimate company representative.
IMO
Best to all
Actually they do occur, but it is on rare instances. I have been monitoring pennies for the last few months on paper, and with the method I use 1 out of every 200 stocks goes up 1000% for whatever reason. I'll give you the stocks, monitoring date, spike date if you need proof that lotto plays are fruitful in the pennies.
I got into this one because it seemed that it had a decent chance of rising above the MMs games and at least hitting a little above average return. A full rare spike would be nice, but we shall see in the coming days.
IMO
Best to all
"Fictious Trading", my favorite part.
What that means is the MMs have been outed by the company for their games and selling of invisible shares. The End Game for the investor is they have made a contract of buying the shares and the MMs/broker will have to fulfill their part of the contract when the investor sells those shares at the going price. With invisible shares, the money will come directly out of the MMs/brokers pockets, otherwise they risk being sued at the least. If that occurs I would hope for a good lawyer for a class action case.
(Addendum: I did not know about the trading of shares between MMs. That simplifies the fictious part a bit. Then Fictious could also mean most of the trading was not between investors but MMs playing ball with each other.)
It could also mean I misunderstood the terms of service with my broker, and I'm actually playing a very expensive video game all this time. I hope I save the princess if that's the case... . :P
IMO
Best to all
Another dimension - November 1 covering
I have gone through the FINRA short filings for this past month and the following shorts and deadlines are listed below..
Short Date Stock Short Volume % Cover By
10/26/2010 TTDZ 416,374,529 1,164,534,680 35.75% 11/9/2010
10/25/2010 TTDZ 177,354,105 309,128,806 57.37% 11/8/2010
10/18/2010 TTDZ 41,300,000 134,038,938 30.81% 11/1/2010
We should see some nice BUY volume into next week.
(unsure how you cover 416Mil with only 190 O/S and even smaller float.)
IMO
Best to all
NO RS
The reduction from 101 to 1 should occur as a buyback from the shareholder to secure the outstanding note to return to the company. Because of the volume over the past couple days, that could be very difficult for the MMs to do. I'de be willing to give my shares up for .01 minimum PPS if they need them to turn into the company. :)
IMO
Best to all
Not Dilution, but manipulation.
As outlined in another post, the use of a loophole by the MMs allows them to essentially create shares out of thin air. MMs don't have to account for bought shares until a couple days later, and if they short a stock its nakedness isn't revealed until 2 weeks later. Today's volume was in part an aniticipation that the buy/sell would balance out near 1 to 1 in a couple days and no one would know any better. Right now, the true buy to sell is 2 to 1 if you take out short selling.
Most of the time this gamble of theirs works because traders/flippers are quite happy to quickly return what they never really had to begin with. But that would change significantly if traders/flippers shifted their mindset from a 1 day mode to a 2 week mode.(I think this mindset change would work especially well with these cellar stocks since shorting is the most profitable game for MMs here.) If enough people can cultivate some patience and buy back in after a couple good flip sessions, those "locked" buys would force the PPS up substantially. The MMs would be forced to raise the bid in order to get a selling dump to balance the buys in the short term. At the end of two weeks the bid would have to be raised even more to entice people to drop shares so their shorts would be covered. If we all adhered to .02 sell order, it would burn the MMs quite badly. But in reality most would be happy with a .001 return for a 2 week wait. You have to be very adept at finding stocks that you could turn over enough for a 1000% return in two weeks.
IMO
Best to all
It was NOT by DILUTION but MM manipulation.
I'm unsure of the position of your question because it has a negative tone when you've been positive in my perception.
As a preamble: The PR from the company has to be taken as fact since it is stated in the present tense and the details stated are not concerning future events but the current situation of the company. Because of the use of the present tense, it sets the board of directors up for fraud if the state of the company is not as it has been presented in the PR. Thus all opinions that the SS is still in flux are bogus and out of ignorance or, worse, malice.
If one looks at how transactions occur on the broker side of trading it will be found a delay is allowed between receipt and delivery of the shares for any transaction. During this period the MMs can manipulate to Kingdom come the number of shares available. So we have an excess of at least 200Mil invisible shares in the market if you apply the PR float to the short list of FINRA . .. . . Shorts 416,374,529
http://regsho.finra.org/FORFshvol20101026.txt
From the trade data of an earlier post, the true buy to sell ratio of shares seems to be 2 bought shares for every 1 sold share, but that was negated by 416Mil shortselling by the MMs. (The MMs are the only ones who can shortsell a pinkie, no other "invester" group can do that). (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55964259)
Imagine if the MMs had to account for that many buys at one time? A stock in that position would fly since everyone would be able to cash out and the MMs still would not have enough stock for covering their position. This would 2x quickly, and at least 2 rounds of flipping at 200% would be possible. But that scenario is not very likely, and requires a different mindset and strategy to beat the MMs game and win substantially.
What is the strategy for this? It is to get out of the trader mindset for these low level ("cellar") stocks. Over the next 2 weeks the MMs are hoping for quieter times and low PPS so investors/traders will give up and sell. That is the key. The MMs have sold at least 200Mil worth of invisible shares, and they need at least that many shares to be dumped by traders. If enough are not dumped, the MMs will have to scramble for those shares and pay a premium for them according to what traders are willing to give them up for (most likely a minimum of 200% of what they were bought for with these levels).
For the amount of volume over the past couple days, if it died tomorrow, that would spell big trouble for the MMs because that would mean that very few sells will be occurring over the next two weeks. So long as there is good volume that gives them hope, because it means people are still active in making decisions on this stock, and those decisions can be influenced toward selling.
So that is the explanation of the 1.16 Billion share question. At the least a third of today's volume was not true market sentiment, but manipulation. And the other excess shares on the buy was the MMs use of a loophole that allows them to create shares out of thin air temporarily. It has the same effect as dilution for a very short period, but it has its roosters that like to come home. TTDZ should actually be sitting at .0005 at least.
Please share this analysis on other boards to help the company overcome the MM manipulation. Whether you're a trader or an investor, you are still technically part of the company so long as you have not sold the shares. So, please help yourself into a better winning situation.
IMO
Best to all
How is "RETIRED" deceptive?
What could that term mean other than that the shares no longer exist and no longer can be available to the investor or company?
Shorting on airshares?
Is that posssible? I doubt there would really be a dump of 300 Mill shares all of a sudden in a span of 15 minutes unless something catastrophic happend like the company got lost a lawsuit and is in the next stage of liquidation. Not to mention the dump is contrary to what the float and O/S are registered as.
This should show the MMs hand in the cookie jar very clearly. You can't dump what does not exist to begin with. It seems the SEC should look into this stocks trading activities to help bring an explanation of what the MMs are doing.
IMO
Best to all
The rules of regular stock trading don't apply down here in the cellar. Its not a competition between investors/traders, but between the market of investors versus the Market Makers. MMs are suppose to create market, but 9 out of 10 times they are there to kill it.
With cellar trading you have to have enough investors willing to sit for a couple weeks so the MMs are forced to cover their shorts and pay a premium if there aren't enough available shares.
As a good investor, everyone should have some patience and sit tight. There is a delayed effect of all these shares being bought. The MMs are waiting for you to give those shares up for .0001 so they can bank on your .0002 buy, but they have a time limit for that to happen.
IMO
Best to all
Once held, MMs have to buy real shares from somewhere.
MMs will eventually have to account for the shorted shares. Once that happens, they will be buying at the true market value of the stock. The PPS should skyrocket by that time, and if they shorted it enough, the PPS could be way higher than the actual value of .024 as expressed by TTDZ.
But the MMs are counting on the usual trader impatience of the pinks. If I was a retail investor, I would buy the whole float for the fun of it to watch the MMs scramble for the shares and get a nice payout when accounting time comes. We should have that same view, especially when buying at the bottom like this with no other trigger to show the MMs hand.
IMO
Best to all.
MMs are allowed to sell invisible shares.
Due to how the transaction rules are designed, MMs can sell a ton of shares without accounting for them until some time later. They are hoping that interest in this stock will collapse and everyone will sell out before 2 weeks from now. At that time they have to account for the invisible shares, but if everyone said this sucks before then and sells, then the MMs don't have to worry about those invisible shares. Cellar stocks have to be kept for a minimum of 2 weeks to allow the SEC rules to play in and neutralize the manuveuring by the MMs. IMO
Best to all
Like its being boxed by MMs is how its moving.
It will take some market endurance to break out and from the L2 earlier there is only a couple .0003-4 to overcome to shoot this upward and force the MMs to cover prematurely.
Lets break this cellar boxing!!!
It takes a tremendous amount of resolve from the market to overcome the market manipulation of the MMs. I think this stock has the attention to do that and with patience from all those invested, the linch pin on the MMs plan has to be pulled in 2 weeks at the most because of SEC rules requiring them to cover.
If they don't have shares in possessino to cover, they have to buy those shares at the real price otherwise they face a steep fine for failed deliveries.
Think about it. .. . Is 2 weeks wait worth a 10X return on your investment here?
IMO
Best to all
The stock is not POS, ITisTHEsystem.
You have MMs that are allowed to shortsell, and it gives the same perception as dilution, except its not permanent and can be countered with sell orders set at high levels.
Anyone who buys, should immediately have their shares set for a sell point. This keeps the MMs from "borrowing" them for shortselling. IMO
Best to all
This is what will strengthen the PPS.
The longs need to conteract the negative momentum and bashing by posting more of what is inherent in the company right now. The rumor mill is shot, and I think this can stand on its on two legs as is. But it needs some help because MMMG didn't do a very good job of "marketing" the ASCC deal. Even if the information is repeated every once in awhile at least it keeps what is good about the company in the forefront. Right now it seems the inherent value ot VCTY is in the background to the deflated expectations. IMO
Best to all.
Once all these deals are made, if the PPS doesn't respond accordingly, VCTY should look to position itself for uplisting. It seems to have all the components a major listed company would have, except the stability and long term investing that is lacking here. The uplisting would then present an opportunity to offer shares at a more appropriate PPS. IMO
Best to all
Thanx for the encouragement.
I got tired of seeing the same old, and as someone else has articulated, profits will ultimately overcome whatever is bogging the PPS down. The dividend strategy would demonstrate that the company has cash and is secure in its ability to make more.
These are two things longer term investors are looking for. They don't want a company that is hard up for money and scrouging around for more of it to spend; they want one that is able to "give it away" while making even more money. IMO
Best to all.
A better way to prime the PPS - Dividend.
I do hope the CUSIP gets the PPS moving appropriately. Its a mad house in the subpenny (even subdime) range.
With what this company has going on for it and the direction its taking, I see it having a very solid base that doesn't need to use the smoke and mirrors that many developmental stage company use to create interest and lock in capital to help its growth. This company has revenue streams and assets to secure financing. Why this isn't seen by others could be due to the volitility and the fact it is still a sub-penny.
The CUSIP change could propel the PPS so the company can be seen by more serious investors, but it does nothing to build confidence for those who have examined the company and MMMG with suspicion. A more secure way of building confidence and propelling the PPS, perhaps, to an appropriate position would be announcing and issuing a one time dividend ($1-2 Million total). It would attract investors and minimize the flippers, at least until the dividend is issured. The more shares you have the more dividend you recieve. Timed with completed developments the PPS can be stabalized to acceptable levels by using new longs to offset an inevitable sell off after the dividend date. That's a scheme I think might work to bring this above the cloud the PPS seems to be under. IMO
Best to all
The O/S is 140MILL not 50BILL.
The PR has to be taken as fact, otherwise the CEO sets himself up for a strong lawsuit of fraud. I'm thinking there are MMs who have shorted this when it was up at .0002 for a short time. It will take some time for them to cover inorder to keep the PPS from rising.
I do agree though that a change in CEO would get this stock moving again, but I doubt anyone over there has the interest of making this a legitimate company. IMO
Best to all.
I filed a complaint with the SEC, not so much because of the short selling, but because of the manuveuring of the short selling. In the pre-DIVI period, there were moments when there was buying pressure building and it seemed key sells were initiated that killed that buying pressure. This prevented the PPS from rising to an appropriate level to the buying that was occurring. In a perfect world, the short-selling should be done on the hopes that a stock will decline, not as a method to screw investors/traders. But what's done is done, and hopefully the compaints can minimize those occurances in the future.
Best to all.
Remove Hydro and extra shares from the table.
In the long run, I think the PPS will settle based on the fundamentals of the company (most of the time.) The visible 4 Billion O/S is rather intimidating, and that is repelling any long term investors who are looking at this company. There might be rumors of such and such happening, but until it happens the company is what it is at the moment. The way I would analyze this company is that it is at the high point of its value of $22Mil as reflected by the PPS. Until more things change about its stats, it doesn't look very appealing. If the Hydro deal can be completed with the involved shares taken care of, this should make it more appealing for the bigger investors to move in and establish a higher, more stable PPS that is being anticipated. IMO
The PR engine seems to be exhausting itself out, and the most predictable factor for driving this up would be short sells forced to cover. IMO
Hopefully the merger news will catch on and show that MMMG has integrity with this deal, and the process they are going through is predictable (we don't need to know every little step) and effective (it is bringing satisfactory results for both the company and shareholders alike).
That's my little rant to end the day.
Best to all.
THE MARKET CAN NOW BEGIN ADJUSTING PPS.
Market Capitalization refers to the number of shares multiplied to the price of each share.
What the PR is referring to is that since the Corporate Action is completed, the market can NOW begin adjusting the PPS appropriately to reflect the value of the company with the new SS. Eventually the PPS should be around .026 with no more adjustments to the SS. How can a company have a MARKET capitalization if the market's fundamental unit is still in flux? It can't. So, to assume that there will be further adjustments to the SS means there was a failure at reading, comprehension, ethics, or all of the above.
What is confusing to an extent is the use of "have contracted." "Have" is sometimes used for past actions that are still incomplete, but its use here is clarified if basic logic an grammatical skills are applied. For instance, I have written numerous times on other things. Does not mean I'm still writing on them, it just means it was an action taken in the past, the action of writing. To clarify even furthe, if more action was expected past Oct. 18, there would be a greater use of references to the future ( such as "expected", "will", "would", "later", etc.). IMO and hopefully sound logic if someone wants to correct.
Best to all.
It says BY Oct. 30, not on Oct. 30.
So why would they put out a PR before Oct. 30 saying that 99% of the shares have been retired by the Corporate Action and reporting the effect of that Action if the Action was still in progress and incomplete?
The BuyBack has already occurred. The Corporate Action that what was started on Oct. 1 completed earlier than the deadline of Oct. 30.
The company should put out another PR to get rid of this phantom buyback nonsense.
Can a company adjust PPS?
If the market is not responsive enough to company information and indicators, can the company adjust the PPS so it is in line with its balance sheets?
The 99% buy back has already occurred. That's why we are left with 140M in O/S
Court means nothing without a judgement.
Just because a company is in court does not necessarily mean it is wrong or right by default. It simply means it is in a dispute with another company or person.
Even though its a mere 6K, Avtar has every right to refuse or protest it if it has determined the charges were not part of the contract. From our end, we might say, well, why don't they just pay it. That might be easy enough to do, but that sets a company up for pillaging in future disputes. Perishing by means of Pirahnas is never the ideal way to go. Individual bites may not kill you, but enough of them certainly leads to something rather painful, gruesome, and from the onset preventable.
On the liquidation court, that could be an issue if it is interpreted from the standpoint that there were preliminary steps taken prior to this. This could simply be the quickest venue for matters that potentially lead to some liquidity of a company. Unless you are a lawyer practicing in India or professor of Indian law, it would be advisable to refrain from conjecturing about how legal proceedings occur there. IMO.
Besides this has been addressed in a publicly available statement already.
Best to all.
VCTY GOOD TO GO, but Twitter is not a non-exclusionary form of media.
In my opinion it is exclusive by its very nature. Although anyone can sign-up for it and be accepted by default as a follower of a particular tweeting company, the fact, that the general public has to go through specific steps to be informed of news about any single company, makes it exclusive to only those interested in the particular company.
The same can be said of any other forms of public disclosure that does not resemble the newswire format. Even with conference calls, although not all information has to be offered, the conference call itself has to be published on a newswire to keep it from becoming exclusionary to those only interested in the company.
With that said, I think VCTY has met that criteria by being easily found on the following list:
http://www.otcmarkets.com/news/otc-financials
And this should be sufficient for wide public disclosure of a non-exclusionary form. This is similar to the EDGAR list that serves the SEC filings. IMO
So GO VCTY
Best to all