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Strong bounces off .5 to .55 EOD.
Things look good for next week and beyond! .5 is the new base and after we break .66, we should be on our way to $1+
Ok I'm in. Hopefully I can ride a wave past $1 and then ride some free shares to $2 and beyond :)
2:1 buys today on 1mil vol
100k buy after hours as well. Very nice! Forming new base here over a penny, and thin to .02.
My hopes are uplifted.
Well I guess I'm a bagholder now. Unbelieveable
GZGT .0122x.014
Better buy this dip now before it heads back to .02 and above!
From the period of 13:15 to 13:26, 1.2mil shares bought up. And instead, we downtick.
WOW
MMs taking this down on nothing.
Big selling spree followed by DT, followed by huge buying and no UT? Ridiculous.
GZGT NEWS
Guangzhou Global Telecom Enters into Debt Settlement Agreement
GUANGZHOU, China, Jan. 8 /PRNewswire-Asia/ --
Guangzhou Global Telecom Inc. (OTC:GZGT) (BULLETIN BOARD: GZGT) , a mobile phone handset, pre-paid calling card distributor and provider of value-added mobile services in China, reported a debt settlement agreement entered with Enable Growth Partners LP, Pierce Diversified Strategy Master Fund LLC, and Enable Opportunity Partners LP (collectively, the "Holders"), to settle certain convertible debentures and common stock purchase warrants pursuant to a transaction dated July 31, 2007 and amended on November 3, 2008. Pursuant to the Settlement Agreement, all the warrants outstanding to the Holders and convertible debts which is approximately $2.9 million as of September 30, 2009 will be settled by a total payment of $1,300,000 to the Holders by the Company by no later than January 21, 2010. In addition, the Holders have agreed to cancel all of the Company shares held by them at such time as the payment has been made. In other words, the Company may have $1.6 million net profit once $1.3 million settlement payment is made on time
"We appreciate much of the efforts made by our convertible debt holders to settle these debts, which will create a win-win situation. After settling these debts, the Company will be able to focus resources and capacity on ordinary business, and not to worry about the debt repayment pressure from the original debt once we settle these debts before the deadline. In addition, our capital structure will be more healthy, and it will be more feasible to accept additional capital to meet the new business development's requirements," said CEO Li Yankuan. "We hope it can open a new era for the Company's development path."
About Guangzhou Global Telecom
Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre-paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the Company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in China. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores. For details, please visit our website at http://www.guangzhouglobaltelecom.com/
Safe Harbor Statement
Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time
For more information, please contact:
Judy Chen Phone: +86-20-8317-2821 Email:
DATASOURCE: Guangzhou Global Telecom, Inc
CONTACT: Judy Chen, +86-20-8317-2821,
Web site: http://www.guangzhouglobaltelecom.com/
Grinch, I have that link as well, but I'm not a subscriber and the trades are 15min lagged. Thanks for the help though!
HUGE VOLUME!
Is it buys or sells? Can't tell. No UT, so sells?
GZGT HERE WE GO! .0185x.019.
.02 is around the corner and is very thin!
3:1 buy ratio today and shares tight. Moves on air
Moving back up. Lots are holding at .02 right now, including myself. 3:1 buys don't hurt either. We still have a strong chance to test .03 today.
I think it's just a shake before the next ride to .03, but it rattled me a bit because I'm in at .02. Hoping for more buying pressure soon!
GZGT about to breakout! Once this passes through 02 again, no looking back until 03!
What is the share structure on this puppy?
Slap the ask and push this to .03!
GZGT .02 x .023
UP OVER 100%!!
It's good to come over here and see some folks profiting off of this stock.
I was personally in during the time when it ran to .0125. Then I went down with the ship and sold for a loss.
Remember folks: LOCK IN PROFITS. Don't be foolish like me. Learned a valuable lesson and am finally turning things around in my trading strat.
BTW: I'll be looking to get back in this soon, just got to wait for funds to clear ;) What's the OS and AS for LGTT?
I'm out for no gain.
It's not that I don't like the action, but I just don't think this stock will be going anywhere. I did my DD in full last night and this company is very bad off. ProRemote cannot pay for so much debt I feel, so I am out.
And FYI: There's about an 7:1 sell rate right now.
Someone slap the ask!
If there is a lock on the shares, then we won't have the power hours like last Thursday for a few days. Let's just take our 6 close and be done.
When the downtick occurred, there was 110mil buys to 140mil sells. Currently, there are 210mil buys to 170mil sells. 3:1 buys is FINE WITH ME. New base established.
L2 would be excellent! tia
L2? How many let at 6? Can't be many
I hope they come soon..
Since the 60mil buys, we've had around 20 mil buys and 100 mil sells. I'm surprised we held 6x7
L2 to show the bid stack?
Probably some holders at 3 still, wanting to sell their shares. It's just people taking profit, not the company dumping.
QEDN 0006X7 merger play!! ASK THIN
QEDN the first merger play of 2010
58mil shares bought up after the bell Thursday, so a strong base of 5s and 6s. Once we break 6, we test 10. This can go a lot higher, though!
Can we just get by 001 first?
All these people talking about pennyland and we need to get out of trip zeroes first!
It couldn't punch through the 6s because that was the top of the bollinger band. MMs made sure that it didn't run. There were a 4:1 buy ratio at noon and we couldnt break 6, so that's the big resistance. I also suspect that a lot of traders were away yesterday, so once they all come back Monday and see the news, this has a chance to break the 6s. Then we have to break 8s, because that is the next resistance point (high from a month or two ago). At 7, MACD flips positive and at 8, parabolic SAR flips below the chart, which will bring in TONS of volume and PPS increase. This is one to watch.
Once the PR came out and after a small dump of shares, there was almost a 10:1 buy ratio until about 1pm CST when (I assume) daytraders began closing out some positions. After late-day selling and a small down-tick, there was 58mil in buys after the bell. My guess is that the MMs held this down from going to 6 because they want to control Monday's rise.
We have to break 6s and 7s first...Why don't we start small and then think big?
What are your thoughts on QEDN?
I am personally in big due to the upcoming merger. Strong move to 0006 yesterday, only to retrace to 5 at EOD. 58 mil in buys were t traded as well.
Since I've been watching the same thing, I'll answer:
The ? besides the buys and sells was when the bid and ask were both at 4. It happens when the MM doesn't uptick or downtick fast enough when someone buys and sells. So I-Hub can't determine whether or not it was a buy or sell (I'm assuming a sell if it was at 4). It matters little, though.
First tick? We only have 6 ticks total LOL
Go send an email to a lawyer complaining about a broker some more please. Thanks.
Huge losses? Don't we have to run big for that to happen? WE haven't even broke 6 yet. gtfo plz
Much more realistic goal imo :)
But we won't break through if this selling continues. We need more news or more pump to get us through this barrier at 6. We break 6 or finish strong, all scanners will go off and we will gap Monday.
RetireEarly, how about we set short term goals? Let's push through 6s and get to 10s. How about that?