Forming an opinion
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Could be some good trades coming in the next two weeks as institutions sell off and try to trade their way out.
Long term outlook is terrible though. Massive debt.
After reading the 10Q for 2009, I believe this will one day become FNMEQ. And there's this little morsel....
Common stock, no par value, no maximum authorization—1,256,994,774 and 1,238,880,988 shares
issued as of March 31, 2009 and December 31, 2008, respectively; 1,104,624,801 shares and
1,085,424,213 shares outstanding as of March 31, 2009 and December 31, 2008, respectively
"Freddie said it expects the delisting of its common stock and the 20 listed classes of its preferred stock from the NYSE will happen on or about July 8. Fannie will delist from the NYSE and the Chicago Stock Exchange."
So much for that theory, hehe.
This is from PSC back in March, see if you get a kick out of their price target.
Note from PSC:
PSC is in Miami. We met for lunch earlier today with consultants who are close to IKTO. They went into some detail about the company’s business developments and following the meeting, we were left smiling.
This stock looks set to bounce 20% to 40% and then moved much higher ona fresh leg up. All we need is the right news.
The story on IKTO is super solid. The market is in the multi billions and IKTO is going to get a piece as per the last press release from the company.
There are no real sellers on IKTO so anything dramatic on the news front could really start a strong wave higher for the share price. For members who didn’t get in on our alert on BRYN or IDCN should get a position in IKTO before the run. Our target on IKTO is $1.00 to $1.50.
"What a crock of sheet"
Only one person really knows what will happen Monday.
That would be whoever was dumping on Thursday and Friday.
CEO or creditor given shares for money?
IDK but if they have another 100 million shares they want to dump I doubt support at .002 or .0015 will mean a hill of beans to them. Whatever happens down hard for a third day should mean a pretty good bounce on Tuesday so I'd say pretty much all buys tomorrow should be safe if they can hold them a little. IMO
Your siggy says it all.
"A fool and his money are soon parted.”
Don't worry, everything going's to be OK.
Buy some Monday.
Looking for .0012's on Monday.
GLTA
I was going to but just pulled my buy order.
Waiting for "market" bottom.
Thanks
Let's see what happens.
That was way back in March dude... times have changed.
PSC is laughing at bagholders(BG) from all his picks, it's up to the BG to buy the AS/OS and control the float.
Looking forward to another 20-30% drop on Monday.
Does anyone think they can grab 10 mil of some .0015's Monday?
I'm going to try. Should be pretty firm support.
Thanks Toucan, I missed it at first! At least someone's on top of things.
By god, if the promotion thing doesn't work the massive dilution sure as hell will!!!
What better way to make people look at their "investment".
Better than watches I guess.
Not easy to find the link so I'll post it.
http://mobile.itokk.com/
If you want to have fun just enter your bosses number and connect him to China, hehe!!!!
Play with it, that's what it's for..."Trigger a call"
LMAO, this could be a winner after all.
If you just want to be mean connect the POS to Cuba, .925 cent a minute.
I want some else to try it. I think it's actually pretty cool.
Just enter your number and email to register and then your friends number and push connect.
Within seconds your phone is dialing.
Since I tried this with my friends phone, we'll see what happens with the bill, lol.
From iTokk's menu:
This is where it all happens
From here you can:
- trigger a call
- change your number
- view your call history
- manage your address book
- Top-Up your account
- select other iTokk products
and...
- spy on the government
- take over the world
If you have a Blackberry and you want to
download the plugin click here.
I haven't tried the take over the world fuction yet. LOL
I just tried their service, it works. Called Veracruz from NC, USA. Easy.
From Pinksheets site:
Company Officers
Kevin Penstock, Dir., CEO, Secretary, Treasurer
Ioannis Karamitsos, Dir., VP, R&D
Carmelo D'Anzi, VP, Bus. Dev. (Non-Profit)
Monday should be interesting.
Lvl 2 on Friday looked good @ .0015.
Hopefully some support there.
Regardless of the low on Monday a double from there is almost a sure bet. IMHO
Max
I'm not 100% sure, but if they received 300,000 shares then I would guess they promoted this in early April when the shares price started dumping. Also the only news for the company was about that time. The share price was between .30-.40, so they made 90k-120k. Seeing what they usually receive to pump and dump, seems about right. Some real classy folks I'm sure....
I call bounce back to low .003's next week early, from there with continued dilution, who knows.
Given everything I've learned about penny stocks in general, I would think alot of bag holders were created today and would like to get out with $$$$$$$$$$$$$$$$$$.
Don't know much about this company but I think we'll all learn more over the next week.
Some have compared this to SREH or KATX, but really it's more like BANI. Not much demand for product and big time dilution...
GLTA
Seems like all the bagholders want to bail. What do you think?
Nice.
Breaking News!!!
Here's what I find interesting...
Lot's of moron's buying CTDBQ yesterday knowing(well, they should have known) that the shares would be canceled soon. Yet it held .005's to .007's all day. Granted that company couldn't dilute anymore but still.
So if you know any of them guys that bought that one, tell them about IKTO. LOL
Isn't the company supposed to release a PR before they start dumping?
I bet these idiots release one after 4.
Dang that site kicked me off iHub...by Nort...
Some serious allegations there, sound like posting by an ex-CEO or something. Lot's of personal info...
You're right. I'm going to wait for .0003 to .0005's. Add the last support(.0007) and subtract the (guessed) dilution amount. Not an excact formula since the TA is gagged....
They've(Baniker) discovered the power of dilution last week and seem intent on taking this puppy down.
I'm sure everyone really cares how many watches they have sold.
Personally, it seems that companies like to drop stocks down quick sometimes to draw in daytraders and speculators. I bet they laughing their azzs off about what they did this week. IMO.
GLTA
How come Daniels signed off on the 10Q today?
Seems strange especially since he's being sued by the company...
Welcome to the new show..."TADF, how quick can you increase the O/S?!"
Contestants/owners see who can sell the most shares. The winner takes all his money and moves to the Caribbean.
I bet that fake support line of .01's will fall fast.
Glad I decided not to buy any of this POS.
I don't think they understand what slow dilution means. They seem to be diluting mass amount of shares. They must of needed the money yesterday.
Don't blame Tim Sykes or the MM's, lol. I know you want to!
Is this stock going to be canceled overnight?
Not in, but boy Lvl 2 looks sexy right now.
Interesting, very interesting...
I don't visit the Yahoo boards often because of the lack of moderation, but sometimes the "free market" speech arena can be rewarding. Sometimes otherwise.
I will be watching this stock for sure. Fiction novels aren't this interesting.
And also, you weren't totally wrong, if Timothy Sykes was involved with this stock he and his followers were shorting.
Takes a real man (or woman) to admit when they are wrong.
I admire that. You seem like a truthful person and warrants aren't something that everyone really knows about. Hell, I don't even know how someone buys these warrants, again another lucrative aspect of the penny world, although unknown to the masses.
It does seem like we are at a bottom, BUT CLRH dropped hard(+40%) on Friday, of which 10-20% can be traders closing losing position for the week. I would like to see the selling slow, as well as the percentage drop. Both "probably" are near, IMO.
I remember reading once that companies can dillute only a certain percentage of the volume on any given day, so keep that in mind. I wish I could find a link for it but finishing 58 fence post holes this weekend leaves me without much excess motivation.
On the shorting subject, it does make one think about how lucrative and "easy' it could be. Especially if someone had "borrowed" shares in the +$1.00 area and then returned them in the .25 area.
Personally I'm not sure I want to touch CLRH again, although it fills easy on the ask and/or bid. I'm sure it will bounce but with a 18 million dollar hole net loss last year and a "so,so" product with declining sales, it appears they will continue to sell stock to stay in business.
I may keep it on radar Monday, GLTA peeps who bought over .40.
Put a bid in for .22, if I get filled I'll hold til monday...