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.
So according to the last two PRs: between Clayton and the company there will be 6 million shares bought back, bringing the float down to about 3 million shares...
Am I right? How do we know if they are really buying these shares?
Ameritrade shows 990,536
Who would dump? We've only gone up .0002 at best. If this was at .001+ maybe.
Like I said, I read a micro-cap book this weekend, and one of the stocks it mentioned was XKEM which ran from .004 or so to 11 cents on 1.1 billion shares in the float in 2006.
I'd like to see them become .02's and .03's, lol
I spent a lot of time reading up on penny stocks last night, I've dabbled in them but this week is my first serious buying. I have learned a lot, but still have a ways to go. I have been finding some picks by following the mods on this one around. Others from watching PR's.
I think this week is a great time to get more shares, next week we could see this go over .001?
I'm trying to get more here at .0005, but they won't fill me.
NITE may be trying to cover any shorts while they can. What Clayton should do is buyback the float, and pull the certs. Then eradicate any naked shorts here. I'm pretty new to penny stocks, and am amazed at what can happen here.
I learned yesterday that people 'offshore' can short these, which disgusts me, they are nothing more than financial terrorists attacking our great nation.
Most of the brokers have not converted the shares over yet. Like I said before by Monday we should be clear and free.
Key point: The company would however like to address the fact that any share's Mr. Young acquires on the open market is subject to a restrictive status as he is an officer of the company.
Clayton can't just flip these shares.
Those aren't the MM's we want to see, lol
XKEM had 1.1 billion float and ran to 11 cents. About 300 million were traded between .08 and .11 before it crashed down to sub penny - plenty of liquidity for those with millions of shares to get out.
I think Clayton is buying back the 3 million before the contract news is released.
Possibly
All Naked Shorts wiped out? MM's losing here?
Clayton appears to be buying his shares NOW
I purchased shares this morning
I guess you are right. I wasn't thinking, I'm too excited about the prospects here!
It should go higher, because most people won't be able to sell until their broker converts the shares over. I hope they hold off on any PR's until Monday!
Certainly the goal here is to have a pps appreciation!
Most people will not be able to sell until Monday. Hopefully the company will then support any run with more news.
Actually I am now considering buying UDHC - and I wasn't before. Today's late day action convinced me there is some teeth to this one.
Wow. Great close everyone! I thought 4, but we hit 5.
Usually it's 3 days or so I have found. No big deal. By Monday they should be settled.
I think tomorrow we could see 6 or 7 here. If the company starts updating we should break .001 !
Shares seem very tight here, can't get filled at 4.
Let's close at 4
I expect a lot of buying tomorrow.
They may be trying to cover everything before the change. They now know the company is moving forward.
In a timely manner, basically just a few weeks. Imagine what will be accomplished between now and EOY
Nice buying at .0003, some of it mine
Let it dump to .0001, fine by me, I will buy some. Once the symbol change is completed I think we'll start seeing more news here.
Give it time, most PR's come out in the am when people are watching. It's 2pm EST...
Great now I have to buy at the ask...I'll be back...
After reviewing the history here, I'm not seeing much that is compelling me to buy. Seems like a lot of failed promises, and ball dropping from the CEO, Clayton Young.
I will move on, nothing to see here. Adios.
Well I like the combination of attention this is getting, the new management, and the fact that at .0002 you really have nothing to lose.
"For the family" always makes me suspicious... What would have gotten me to buy in today would have been a PR that stated a "3 million share buyback would commence immediately, up to a pps level of .05, these shares will be retired from the float and not sold until the company reaches it's goal of a $1 pps".
What he PR'd today was nothing but nonsense in my experience.
I saw that .0002 and got excited, thought maybe I got hit.
I didn't. :(
Yes, I'm learning. But I was not born yesterday, I am more of a reincarnation...
Anyway the PR today attracted me to this stock, but I would have expected a bigger rise based on the fact the CEO has claimed to be buying roughly 33% of the tradeable float.
It also makes me suspicious when a CEO claims to buyback - with no timeframe. He could mean next year, lol.
Honestly this more looks like a 'stop the bleeding' bandaid PR from a CEO that doesn't have much direction.
I will hold off on buying shares.