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This is some interesting volume, my guess is the company has about a million or so dollars they can invest throught the year
I have seen many companies buy their own stock bc of the oversold conditions and promoting the possibility of shares being sold, we dont know what they are doing with the authorized shares. If my company was looking to make over 3 million in net rev annualy and trades this low and this net income is included with the fact that the revenue was close to 100 million. i would invest in it myself quietly while the panic continues, when the time is right you will see a reputable company retained for auditing first then some official paperwork will come out on the shares being bought. Just my thoughts, I have a g saying it will 10 times pps in less then 12 months but it is all dependent on the theory that they arent selling shares but buying them
They are buying shares IMO. Why else would you put out a PR like that. Inconsitancies could be anything... very vague. Could be good could be bad. I think I see buying pressure in the low 1.50's besides there is still products and revenues comming in on their Boniv-or whatever it is called - I'm in at 1.53 will hold for 25% or so gain or exit by end of week if still trending south
It was 2 million. Looks like they sold right off the bat, also if you notice today was similar volume to that first major sell off. Maybe they bought them back at 1/8 the price. I suspect some pumping news will hit by monday newsletters and blogs, Anyone have proof of their products in store because they weren't online?
Once the price touched that 36 cent area it was huge volume, I see this going to 40's by monday pos early tues if the rally doesnt jump out of the gate monday volume is peaking around 5 million shares and then a pivot is expected to result today was that day im in 20k shares average of .265 monday will be a nice one hopefull some time to get another 20k before lift off. I will not pay more then .35 though on a gapper
hopefully this is the rally that puts this back into dollar land i say if it holds above 69 for today another move upwards is comming
Sweet this is going higher finally!!!!!!!
Sweet this is going higher finally!!!!!!!
Maybe they shorted their own stock when they new that their partner would be dilluting the PPS and then this way they can get into a share buy back process and release then info with the financials. A sneaky move but could be a very good possibility, if somone was going to sell alot of shares of my company they aquired when i was weak i wouoldnt let them get a high price for them out of spite.
Run on monday, pray for no gap up or if it does a gap and go would be nice instead of gap and trap
I think selling shares is fine in moderation. The most there could be is a billion and they doubled last year (bad economy) and this year people expect the same, I doubt they sold more then 50-75 million if so a PPS price of 3 cents is still very reasonable. When do you see a company with this many employees have this low of a stock price. Higher then average volume also is pointing towards a move up soon.
CCTR setting up for rally PPS is expected to triple from these levels
Yeah no gap just a nice rally all day is best
I like the volume action on this stock alot, holding strong and huge buys don't dent that bid one bit!
I bet you could dump 5 million shares into the bid and they will only raise the bid
Something is going on here becuase even though there is alot of selling the bid is constantly getting raised, almost like MM's are competeing to grab shares. The two I am refering to is vfin and lafc, lfcm is also buying shares but not today they got alot in the .003-.0035 range
I think it has been going on for a few weeks they buy and sell them back eventually this will lead to them retiring shares that they made for free. I've seen them do it JLEO is the MM doing it and I count with the spreads between .0008 and .0006 they have made this .0002 spread 3 times over with an original 200 million @ .0003 before the PR. This means they made about 374 million free shares I think they werent ablew to move the whole 200 million each time so if we accoutn for that and round it down to a cool 300 million shares bought back and they got their original 60k that was spent on the 200 milion shares. Well done RMDM now make your announcement so we can see how right or wrong I am. LOL this is my far fetched but highly plausable sitution for RMDM....
PPS will still go up because it is a good thing they did just very slick hold your share for the news about buy back
You can also look at L2 and see the thin levels @ .0105 which is crucial to break it was about the highest bounce after the last decline, if we pass this point a rally will breakout to at least .011 imediately, I'm not sure what their share structure is currently if it is the same as it was in prior SEC fillings then I would say a high of .015 - .022 the .018 level is a tough level to break aswell, If we do get that hight it will be interesting to see what happens at that point.
Anyone else saw how nobody was able to move shares once the MM's pushed this down last two weeks at this leel. MM's are now pushing BID above the last price to move shares. Thats a sign of more upward movement if they continue to raise the bid to move shares into their coffers. Im' holding since .0036
Its all about the findings in the trenches. They did have a prior sample that confirmed gold was there, thats why they were able to continue with a larger trenching program. They have a share in profits of course for the find and exploration but they dont own. I think if all is well and golld is there in the amounts stated this will be up 5-10 times almost overnight maybe 2-3 days. Or they could just get a little results and it wont really go much higher then 6 or 7 cents max. They key is better then expected results here. So look at prior numbers and assume that constitutes 5-6 cents max and go from there
How long are mineral samples results going to take, I would think a week tops.
Im happy that the volume is low. There was a small dump and then it turned around quick. Someone loaded up if we stay in this area till noon it will fly again.
This company made 10 million last year and expect 100 million this year. I think they are witholding info on purpose. I would and buy in as much as I can before I break the news. Pump and Dumps would have came out with their sales figures already once they saw buying interest. I say news will hit very soon though
Great post, I too have researched this company for 2-3 months and have watched its L2 everyday. Very interesting to see the new buyer ARCA in at the end of the day. I think this is when CCTR will finally catch up to market value. .17 is going to be a ways out but I do agree they are poised for lift off. They posted like 10 mil in 2009 so why their PPS is this low is amazing but I'll be buying if there are willing sellers
Ithink they will put up some sale figures soon. The 10k will be filed shorlty aswell alot of new sales and revenue to be auditted this year. This is a .05 cent stock it just has been a bad market for the last year. Do your DD on this company and you will see what I mean way undervalued at this pont i am buying on dips tom they always dip it in the morning after a run up like this so i will be ready for it .0152 - .0155 is tom's low IMO
rmdm huge buys just hit 7's ready to go to 8 soon
Yea I expect a PR with some aprrox figures pretty soon
I did this always gaps up or runs up on open so just play that and hold if new or PR comes out buy now sell tom morning if no news and repeat
Just the fact the bid is holding amist the recent run up and moderate selling is a sign for a run up
Closes with min excitement Always opens higher anyways hopefully PR comes soon about earnings for the quarter.
Tom will be a better day all slow movement but good volume at the low points so up soon hopefully tom
There is always a bid up to expected good earnings so just wait and do your DD this is a healthy moving stock
There are always daytraders moving prices up and down. The reason tis isn't moving is lack of info. Once some verifiable info hits the street it will rise accordingly.
No one selling here, this is a good sign. We need a PR and it is take off time.
Looks like more loading up at these levels. I say we will close green or one tick below green with high volume on close
Test sell went right through!!! Im holding aswell big move comming IMO
notice how the bid and ask are higher then the last price. That means that was a buy and a sell together, and the buyer was bigger thus the increase in bids and asks
More like an entry point!
This is actually true. Look at any time bad news is going to hit a stock, the price rises in the days prior and then drops like a rock. If a stock goes down prior to any news as long as volume is supportive it is a good sign. This volume is keeping this price up pretty well.
Yeah the bid is stacked at .0059 and the tops are getting higher each mini rally
I think it is up from here look at volume on the day it was in mid 3's. It was supported we at the 3.75 level. This price is temp hold till swing traders sell out and once thats is done I bet the ask will be very thin untill $5