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An hour after news, still Zero Volume. Will take plenty of fluff to make this move up again IMO.
gte_gold
RamRock, I'm saying the company has not made made any promise of news in public communication. If you choose to find credibility in knowing someone who claims to have talked privately with CEOs that promised news, this is the subjective element of credibility and can not be argued true of false successfully. Unfortunately, not everyone reading this forum knows your friend well enough to apply the other credibility elements of expertise and trustworthiness.
Since you posted in a public forum that something was "Promised" by the company, I will clarify that the company has not made any public promise of news.
good luck
gte_gold
Wow, This has been on fire the past few days. All chart indicators look GREAT!!
RamRock, No promise was given by credible communication from the company about upcoming news.
...Either way, if positive news comes out as promised, i think the longs stand to profit...
gte_gold
True, volume and price have stalled. I don't think anybody knows what's going on for certain.
gte_gold
That's Great news chuck. I can't wait to hear how you will Guarantee (synonym for assure) the money is in place. Not many people have the courage to promise (another assure synonym) future company events without making a public disclosure to protect them legally just in case those "few loose ends" don't get resolved.
Monday morning may be a trading nightmare (or maybe a trading opportunity) IMO.
Good Nite
gte_gold
Tiger7777, What did Travis say, during your conversation, was the reason the news may be delayed until Wednesday? Previously you posted this story WILL unfold by Tuesday. I interpreted that as early as Monday, but no later than Tuesday. You used capital letters and everything! Have you changed your opinion and now the story will unfold by Wednesday? What happened?
..."Based on my DD, this story WILL unfold by Tuesday of next week (ALL WILL SEE). Sell now and listen to the above mentioned, or hold/buy, and IMO make some great money."
Thanks in advance,
gte_gold
mc6102, If it can't be verified, more often the information posted by others will be proven false or misleading with RDWG. Many legitimate pink sheet companies do post verifiable information. Information from companies that can not be verified are the securities taking shareholder's money when they become "long and strong" while using words like; Faith, Hope, Patience". As the company share price drops they use words such as; "bargain price" and "from weak hands to strong hands" LOL.
..."If they are going to spend the money publishing everything they would already be fully reporting."
Between July 15th and Aug 12th Roadwings published 12 Market Wire PRs. That's an average of more than 1 PR every 2 business days during that period. I'm guessing that spending money to publish PRs was not an issue with the company to pump up the price. Why would it be an issue to provide timely information about share structure or progress updates? It's been over a month and we have not received any information.
..."Based on my DD, this story WILL unfold by Tuesday of next week (ALL WILL SEE). Sell now and listen to the above mentioned, or hold/buy, and IMO make some great money."
The person I was responding to made the above statement without including any basis. The person did not choose to share the source of his DD with the board when asked, and missed an opportunity give credibility to his statement.
gte_gold
Tiger7777,
We obviously have a difference in philosophy of what "DD" is. 1000s of posts of unverifiable RoadWings information is not DD IMO. Of course there is some information that is credible regarding OneFi. What is not verifiable is the percentage of interest that RoadWings has in OneFi. What is also not verifiable is the OS and the AS (GAGGED TA). I don't think the CEO has lied. I also don't think the CEO has told us how much interest the company has in OneFi. In fact, Please point me to any public information that states that RDWG has any percentage of ownership interest in OneFi. Does anyone have a picture of the RoadWings CEO?
Most here wish to share DD. I have no credible DD after spending considerable time researching. Perhaps you can share your DD with the board that you confidently say "the story WILL unfold by Tuesday of next week". What I would like to know from anyone on the board is; What exactly does RoadWings Own that the company has quantified and has been publicly published? Can anyone please share this DD with myself and the other readers of this board?
Thanks
gte_gold
RamRock,
I'm certain you have only good intentions. I appreciate your clarification of not having any 1st hand knowledge of what is going on with RDWG and have only the opinions of a guy you know.
"You know a guy who knows a guy" one of my favorite quotes from the movie Oceans Eleven.
I also wish RDWG will have a good future. Faith and hope has no place in my trading. Maybe Hope and Faith can be a new chart indicator like ADX or CMF :)
good luck
gte_gold
RamRock, Will you please share facts of what's happening with this "thing"? I'm certain the board would be very interested in reading any verifiable facts that you have. Facts that we can verify would be very useful and what these boards need more of.
.."I'm just giving the thoughts from someone who knows a bit about what's happening with this thing."
gte_gold
martingale, I disagree with your "guy in the bar" comparison with Pink Sheet CEOs
...Honestly with these pink sheet CEO's you might as well go into some bar and lay your money down to the first guy who strolls in with a scheme to make money. You probably have a better chance.
The guy in the bar, you at least know what he looks like, and he'll be easily found later at the bar if you want your money back. Your correct about having a better chance with the guy at the bar :)
gte_gold
OS count reported by Travis on pinksheets.com on Aug 7th was only 400 million. If you go back and look at the Time & Sales for that day, you will see that over 900 million traded within one hour that day. For that volume to occur, each outstanding share would have traded over 2X in one hour. EXTREMELY UNLIKELY.
The point I'm making is that the AS and OS was updated on Sept. 8th to reflect the activity that occurred on Aug. 7th and it took over a month before the company updated the numbers on pinksheets.com to make sense of the volume that occurred Aug 7th.
With Roadwings TA being gagged, be aware that the numbers posted by the company on pinksheets.com may be outdated and not verifiable.
Was wondering when Travis would get around to updating the AS. After the 998,072,484 million share trading session on Aug 7th, It was difficult to believe that the AS was 1 billion at that time and that over 99.8% of the AS was traded that day. This suggests the OS and AS posted by Travis on Pink Sheets is at least a month old.
Posted on pinksheets.com:
OS=900,000,000
AS=2,500,000,000
998,072,484 traded in one day on Aug 7th. Numbers just don't add up.
billyf, what misinformation is Travis referring to? What meeting are you referring to? Do you know any details of a meeting, or are you repeating Travis, or???
gte_gold
Tiger7777, Great Photos! Do you know if the older gentlemen in the picture is Chet? Age seems about right ~67 or 68 years old.
Thanks in advance,
gte_gold
I have frequently searched the USPTO website without any hits using "OneFi" as part of the search term. Patent applications are in the database, but nothing under OneFi. Not certain why there is no record to verify the information in the PR.
Looking for a picture(s) of any of the officers or either RDWG or OneFi. Have not found any at this time. Any help would be appreciated.
gte_gold
Agree EOM
I never said it was 1.5B
However, you probably know about hidden dilution and the time requirements to report REGDEX activity, right?
My point is that OS can change prior to any filing.
Watch for unusual accumulation over time with little price change.
Notice large block repeating block sizes.
There seems to be an ease of movement with the little volume we have seen the past 2 days, so I agree with your comment. More volume may confirm we are truly trading with less than 1B OS by the behavior. Can't put my finger on what happened Aug 7th without numbers from TA. I hope I'm wrong.
gte_gold
The difficulty with charting this particular security is the relatively short time it has existed. The longer the company has been trading, more data is available to extract a pattern. A little more gut feel needs to be added to the chart indicators on this one IMO.
My worry is that the AS and OS is much greater than reported by the company. I can't prove this.. so let me say that this is complete speculation on my part based on the Aug 7th trading session. It would not surprise me if the OS count was 1.5B shares. We shall see. I hate when TA gets gagged.
Don't know about making a price projection yet. The chart does suggest this could go above .002...but something is telling me share structure as reported by the company does not add up. Without knowing the OS count this thing may be very tail heavy to lift off the ground. Never rely on the company to give correct OS count. Only the TA can be trusted (generally).
As far as fundamentals go; I almost never rely on fundamentals for Pink Sheet companies. Observing the Emotion (usually influenced by pump PRs issued by the company) and the charts are IMO your best friends :) Realizing when the big boys are playing a stock is also a good time to do exactly what they do.
gte_gold
We appear to be in a small channel (4 trading sessions) that projects things have stabilized.
Regarding the hammer; Personally, I like to see a hammer with the closing price above the opening price for that trading session... and then a higher opening price at the start of the next trading day for confirmation of buyers taking control.
gte_gold
Hey, has anyone else questioned the names "Pierson" in the latest Press Releases?
From Tuesday PR:
Road Wings, Inc. (PINKSHEETS: RDWG) announced today that its funding partner OneFi Technology, Inc. has been selected by its newest client Pierson Behr...
Also:
Mr. Grey Pierson, tower and facilities owner, was delighted to bring the OneFi Technology to his operations...
1. Google shows the new client, Pierson Behr identified in the PR is a law firm with an office in Arlington, TX. I'm still digging into how this law firm will allow the citizens of Eastland to access the internet at speeds up to 104 mbps. Not the usual line of business of a law firm.
2. Mr. Grey Pierson is an attorney! at Pierson Behr.
http://www.piersonbehr.com I find it interesting that Mr Grey Pierson is listed in the PR as Tower and facilities owner. Personally I like the Attorney title better.
Also interesting: In the Aug 04 2008 PR used the spelling Pierson for the VP for OneFi. The OneFi website uses the spelling of Pearson for the VP. Could be a spelling mistake...but still interesting. Is the mistake in the PR or with the OneFi website?
6:1 ASK/BID volume ratio. This thing could spring up at any moment.
Noticed the manipulation also.
11,723,662 at the ASK
2,660,000 at the BID
And the MM still dropped the price
I suppose that's why they call it "TRADING" Some have trouble with the concept :)
Buy indicator looking good... over 75% trades at ASK by volume so far
Ask moved up to .0016 again EOM
Was thinking the same.... was trying to decide what size wheelbarrow to buy for carrying all my profits to the bank :)
Good Morning all! Looking forward to a green day today hopefully.
The nervous profit takers appear to be done selling for now. Will be a good morning tomorrow as new buyers try to profit from an anticipated gap fill. IMO
-create Billions of shares- spin it with a few PR's dump our shares and retire-
Isn't that the definition of a pink sheet company?
Hey, This could work very well. I'll let the board know when I sell.... That's usually when the price rockets North.
A Very different Lumb today compared to yesterday. The last time I witnessed an insider on a message board was a CEO that promised audited financial in the morning...(never arrived). Seeing an insider posting in a forum should be an alarm for most . Lumb has me scratching my head wondering what motive he may have for posting, besides his claim of posting to defend his reputation. He did an exemplary job at clarifying his character and reputation. I Will certainly stay tuned for a possible learning experience!
The 14C was very clear for the reason for the RS.
from the 14C filing....
Reasons for Approving the Reverse Split and Share Increase
There are two primary reasons why the Board of Directors approved the Reverse Split and Share Increase. The first reason is that our Certificate of Incorporation currently authorizes the Board of Directors to issue 2,500,000,000 shares of Common Stock, of which 2,333,011,591 shares have been issued and are outstanding. However, there are also outstanding
§ Convertible Preferred Shares of classes C, D and E, which are convertible into an aggregate total of 171,787,105,189 shares of Common Stock, based on the market price of $.0004 at July 24, 2008;
§ Warrants which, when exercised, entitle the holder to purchase 194,600,000 shares of Common Stock; and
§ Convertible Debentures which are convertible, in the aggregate, into a total of 28,464,139,683 shares of Common Stock, based on the market price of $.0004 at July 24, 2008.
.....The second reason for the Reverse Split and Share Increase is that the Board of Directors wishes to have authorized but unissued stock available for various purposes, such as effecting acquisitions, business expansion, obtaining financing, and recruiting management personnel, all of which will be necessary if SVCC is to undertake new business operations.
Wow, I thought 100% of the shares were at today's price :)
SO 16% of the shares on the market are at today's price.