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Can't access that link, can you cut and paste the post?
lol what do you mean ONLY 200,000,000. IMO that's a bit farfetched for the near future at least.
It's easy to sit here and type opinions, that's all mine is. That said, they are expanding over seas and it seems they are everywhere.
Financials will tell the real story. If they are profitable, 5x revenue won't be a problem. My numbers are a guess, but look for a nice jump in share price here after the split above today's close.
Lets say they are $50M company, that would put them @ .25 at the very least! This is big time.
Most growth companies will trade 5 to 10x revenues. If it is a $50M company, this will trade at .50 cents or higher. If it is profitable, it will trade 10X revenue or more. Doesn't that add up to a buck? Anyway, if this is destined for Nasdaq or American Exchange, they will try and get it to at least $5 a share. Nasdaq small cap has a $1.00 low share price restriction. I think all is great here. We got a gift today. Imagine, MONA at a buck, LOL...
Look dude, all you have to do is read the damn board!! All the answers are there. You want us to get you coffee too?
It will be a 30-1 reverse split. Read the board for the rest of your lazy-azz info!!
Impending split. Is it a good or a bad thing?
Depends on how share holders react. If people can't see any advantage to it then it is bad. On the flip side, I think it is great but it may take some time to capture its true value. True value will be determined by the financials.
I have a feeling this see's a dollar plus because I see a big board stock here, perhaps Nasdaq small cap market. I think that's what this is all about. Just a hunch, no fact to back it up.
Has NOT split yet
I know that already, why did you post this message to me? Are you one of those many on this board that needs reading comprehension classes?
Is it going to split or did it already? Sheesh!
What is wrong with you people asking that question. All you have to do is look at your brokerage account!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
When it splits, you will have less shares!!!!!!!!!!!! SHEESH!!!
Don't you understand the market value is the same either way Woof
That is correct. Problem is, will the stock tank both before and after the R/S. What pisses me off is the fact that there was a notice on OTC market site that there was no R/S planned.
I have a feeling this could end up being big for share holders. Lets do some numbers. We closed today at .0024. Times that by 30 and you get a closing of .072. That's only a $14,400,000 cap. A $1 share price is only a $200,000,000 cap. Tell me this won't be worth a dollar. Tell me this company isn't gonna take care of all the players and insiders that were buying early here.
I think it's all good. I think we may see a sell off early, but a complete recovery later. See yas at a buck.
Looks like a 30-1 RS.
Just bought in at .01. Can't see how one can get hurt at a penny. Looking for a double here in the next few weeks or so.
You're are talking a hundred grand and you are asking advise on a public message board? Just absolutely unbelievable!!
pay no attention to this clown folks
I'm not, most others aren't, seems like you need to follow your own advise.
Don't worry the real fireworks are yet to come
I believe that too, this will run and all will be great. Everyone will be praising themselves for holding through this down draft and the board will be giddy at the least.
Technically, .0029 is the number. Those with orders below that should move them up, but I get why you don't. Right now 29's are getting hit, perhaps those 29's are finishing filling earlier still open orders. We'll see. 29's give us a double bottom from yesterday's low. That is an important number technically, but not over-all or fundamentally. Once merger confirmation news hits this will run hard and everyone familiar with a reverse merger play, especially one with as strong a company as Flex Power knows this will fly.
Mark this post and breath easier, it will happen.
I've never stopped loving you, you just aggravate me at times like an irritating relative.
I kept telling myself if it drops down to 0025 I will buy more.
I believe we have a .0029 double bottom test of yesterday's .0029 low. That is the important number, not .0030. Volume so far is only 6.1 million. Technically we should move up from here.
I don't know what anyone else did, but I bought 2.3 million more @ .0032. Wish I would have known it was going under .003, coulda had more. But, that's the market.
All you can do is call names because you lack the intelligence needed to fight the fight. No one has shut me up. Everything Sprycel posted was already known by me, why waste a post to respond.
Calling me a parasite is just looking at yourself in the mirror. Again, this company's chances of buying back shares are about as good as some thing intelligent coming from one of your posts.
It's a possibility we forgo the dip today and just churn higher as the day moves on. That would be the M&M's way of screwing those that got out lower on Friday. Now they may have to chase.
There is NO volume for a stock with this price.
The float is starting to become locked down. Seems like the only volume we are getting are from the flippers. News will certainly move us and so will air eventually as more and more learn of MONA.
We had quite the discussion about whether this company was buying back shares or not. I said no and asked you for your thoughts on why a new public company would do so. Rather than answer me, you chose to evade the actual question and then insult me. Well, take a look at this link and tell me who was right. Normally I wouldn't respond like this but you need some lessons.
Would we be sitting on almost 5 billion shares if the company was buying back?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101194782
There seem to be an unusually high amount on this board. You concur?
Now that makes sense. Now tell me why they are going public? If they buy it costs them money. Don't new public companies go public to raise cash? See link.
I have a free account and this is my last post today. Sorry if I cannot respond to anyone else.
http://www.businessdictionary.com/article/780/why-does-a-company-decide-to-go-public/
You need too much convincing...im sensing an ulterior motive.
Only some one that cannot explain his logic accuses someone else of ulterior motives. I am long 4 million shares.
I personally don't care what you think. I am long here and been a trader for a long time, I am 65 years old and do this very successfully. I know how the market works and companies do not buy their own shares ESPECIALLY WHEN THEY FIRST GO PUBLIC, PERIOD!! Now, if they are buying, they will probably be selling at a higher price like nowy257 suggested.
I agree except for this. There could be 10 billion outstanding and that might not matter in this case if people or institutions are not trading the stock. What matters is supply and demand. If there are more at the buy window, it goes up. More at the sell window and it goes down. You can have billions outstanding and still have low volume like we have here right now.
Not too long ago, this traded over 400 million in a single day and then followed up with over 200 million two days in a row after that, that's a lot of shares. I would guess the outstanding is still very high.
Now that is an answer I was looking for. Buy at under .005 and sell at .05 or higher. I agree and understand that logic. But if that is the case, then they will be diluting at higher prices which makes all the sense in the world and will limit our top line.
Companies don't buy their own stock back unless they wanna go private or pay less divies down the road.
Public companies sell shares, that's why they are public. Look at what all the major banks and insurance companies did during the 2008 financial crash. Dilute, dilute and dilute some more.
anyway this stock can run 02+ on small positive updates and momo
Now that I can agree with 100%. Perhaps even higher than .02 with out news. We just need to break and hold our technical resistance area under .005. Momo could carry this a long way once the run starts.
You still didn't answer my question. Very simple, unless you are AAPL with billions in cash and nothing better to do with it, why would a public company buy back shares? They go public to raise money, not spend it. Tell me why they would be buying shares and spending their own investment capital to do so. It's not happening IMO.
Please others, chime in if you think I'm wrong and explain why. I'm not trying to be an azz, just trying to understand why some one would wanna swim against the tide so-to-speak.
EDITED:
How can you say $2 to $3.00 when you or no one else knows the share structure? Many here are getting out of control, completely. So if there are over 2 billion outstanding, which I suspect, then that puts the market cap at 200 million at a dime. That sounds about right for what we now know about Flex Power doesn't it?
Your figure puts the cap at 4 to 6 billion if there are 2 billion outstanding.
.News will Drop when buyback is done.
Please explain your buy back theory. Companies go public to sell shares to raise money, not buy shares back.
That said, I could see insiders buying in the trips for personal gain, but why would the company do so?
Yes, the restrictions have cost me a bunch too. Oh well!!
AMTD gives you free L2, time and sales and streaming news with no minimum required with an Apex account. To have an Apex account, you only have to have a few trades a month. I forget the exact amount but I think it is under 10 trades.
You also get Trade Architect and or Think or Swim trading platforms for free. They have many free things at AMTD, that's why I like them. They offer more than any other broker. That said, they restrict some penny stocks for their clients protection if there is some kind of perceived threat associated with the stock like a DTC chill or a Mona that suddenly comes to life with seemingly no available info.
I don't like the restrictions or the high Margin rates (about 10%) so I do not use margin unless I am on a fast running big board stock to double my profits. Other than those two unlikable things AMTD is a great brokerage house. Great call in customer service too.
You are right. At present the flippers are stopping the run before it can start. Once this takes off, they may slow the run but once their shares are absorbed this will fly and they will sorrily chase and have many fewer shares. We've all been there but not on this one. I'm holding tight for much higher prices.
All the evidence is right there in front of us. Going by past history, one can roughly figure an approximate price range based on past reverse mergers. Only a fool would sell under a dime and that is only an approximate price. I may lighten around a dime, but not sell all by any stretch.
How much do you pay?
U pay 9.99 for trade sir not $5
So you are calling me a liar? I'll tell ya, the nerve of some people that are so sure some one is lying.
I pay $5.00 per trade because I used to belong to Free Trade which was owned by Ameritrade. Back then, about 15 years, you actually got the first 20 trades for free. Then $2.00 per trade after that per month. Then they raised the rate to $5.00 just before Ameritrade absorbed us and shut down Free Trade. Every thing was done online via email. No phone tech service was available for Free Trade account holders. Everything else is the same for me now except my commission costs. I have an Ameritrade IRA that costs me $9.99 a trade. Call or email them and ask.
What's the commission for Etrade? I have TD and I pay $5.00 a trade. I like TD except for the restrictions and high margin rates.
What the flock is poo trade?
Flippers.
MONA, huge potential. Reverse merger play, and a good one. New company DD confirmed, check it out.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100338800
Anyone watching MONA? Reverse merger play. Huge potential.
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