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.
That might be considered both good news. It may cool the obssessiveness of some who follow this stock too closely. There is a fine line between good DD and stalking in my opinion. We've been getting a bit too close to the line in the last few weeks.
Though I wouldn't mind if they got a job watching the banks, we could have averted a lot of pain.
No worries. Glad you found this stock. Hope your investment gives you a great profit, but then again if the merger falls apart, my guess is we will all be using caps.
I was trying to use what little wit I have to welcome him to the board. Caps have never bothered me as much as it does some. It does make it tougher to read though.
Put down the Caps key and step away from the keyboard.
lol, welcome to the board. Glad to see people taking advantage of the price movements. Good luck here and hope you stay for awhile.
Read the last paragraph of the Oct. 12th press release. He told us that the authorized shares would be enough.(I'm paraphrasing)
He did warn us and also reassured that there would be no reverse split.
Guess we get some pretty impressive sales numbers with the approvals.
As long as the conversation is about the stock it falls withing the TOU guidelines. Moderators should be for the most part neutral. As long as the negative comments have information or reasoning, they are as relevent as positive comments with similar information. We should want truth here, so that we have an informed board of investors. To shut out one side of a convesation doesn't help anyone here. Personal attacks and comments are what get deleted the quickest I've noticed, As they should. I've had a few deleted myself. This weekend some of the conversation has been very close to spam. My interpretation of MRL_Lite's warnings this weekend were based on the same comments over and over again. Recycled conversations equally, do not benefit the board in my opinion. Though the negative comments may be annoying, the easiest way to stop them is to discredit their claims with facts.
To change the subject:
I noticed on pinksheets.com under Company Info that the description of our "Business Stage" has changed. It now says "Development Stage Company." I seem to recall, last time I noticed it was "Shell"
I don't know if it really matters or if anyone cares. Just thought it was curious.
I was prudent. I took some of my gains and bought two pairs of thermal underwear. I am set up sweet for this winter. Even have a refrigerator box picked out.
Didn't Dell computers start in his garage? Answer is yes. Why is it even an issue that the current president of the company has a phone number that can reach him at his pharmacy?
Please explain your logic on your concern.
Maybe Paul went crazy in the duty free store at the airport and had to raise some cash.
We were informed on Oct. 6th that there would be changes in share structure to secure this merger. Mergers and manufacturing deals take money. Would people prefer if they went into debt to secure the deal?
If I have to, I'm going to be Slim Pickens from the movie "Dr. Strangelove." Because when this hits, it's going to explode.
Or I'm gonna be radioactive for a few hundred years. Either way, it'll be fun.
There is nothing wrong with being nervous. It is never easy seeing your portfolio dropping everyday. Maybe you need to reassess why you got into this stock. If it was for a 100% gain in a day, that isn't this stock. If it was for the merger news, you are going to have to hang on a little longer.
As the saying goes, "if you don't sell you don't lose anything." By the way, I know that isn't very comforting.
Good luck with whatever you decide.
My guess is that it closes at 4:00pm Eastern time.
Down is the new up. Didn't you know that.
The rest of the company consists of 5 other people if the information on pinksheets.com is correct. They are working on a merger with a company on the other side of the Pacific. With the time difference I'm sure they are not getting a lot of sleep. No doubt they are all in and out of meetings and tele-conferences. Now, they have added meetings with their newly aquired legal council. Who probably has a giant list of things they need to do and information that he needs in order to carry out is job of uplisting.
My point: They have a lot on their plate. Let them get a few bites in, before interrupting their dinner.
I think a company that says they are working on a merger and expect it to be finalized within 30 to 60 days should have a grace period of 60 days. This is not a public relations company. Nor do I want them to waste money on a public relations guy to answer the phone. Their time and money should be focused on the merger and the steps they laid out in previous press releases.
If 60 days comes and goes, I have no problem with people calling them up and demanding answers. I can understand the anxiety, but how do you expect a company to be able to get their jobs done if they can't get an outside line because they are all tied up by people demanding to talk to the ceo.
At the moment, the merger is the only thing of real importance. Because without the merger the most informative receptionist really doesn't do us a lot of good.
Are you saying it is unrealistic to expect a press release telling us the date of the press release?
(just a little humor. I promise I'll stop.)
Today was, in my opinion, a very encouraging day. It appears that people have gotten comfortable with thier positions in this stock. It looked like about every hour or so, the bid dropped out from under this thing, but very few shares chased it down. Once it was evident that a sell off couldn't be orchestrated, the bid came back for a while. Then it was attempted again with a similiar outcome. That tells me that there is strength now in the people who now hold this stock. The people who chased it up last monday to .10 appear to have either gotten out this monday out of impatience or fear, or did their DD and believe in the future of this stock.
I would like to see a repeat of last week. A steady strengthening into the close on friday.
The share price should stay the same. We would now have a full and independent audit, which would allow us to see the internals of this company. The price will react, depending on what we find.
As to the merger: It should spike up. There will of course be the individuals who intend to sell on the news. So there would be a tug of war for where the price settles.
They mentioned their intention to uplist in a previous press release. I expect most thought it would be to the Nasdaq, so there will be some unrealistic disappointment.
OCTBB listing will allow us to see the guts of this company. Though there is no minimium price to stay current(if I read the requirements correctly), they will however, have to keep up to date on thier audited books.
The news in itself is not a giant catalyst for the stock price, but a very positive indication that the merger is moving forward. There is no reason to incur the expense of a lawyer unless the parties have agreed on the next move for this company.
Looks like yesterday was just a bear raid.
I guess we should be flattered.
Your right. The in-laws are coming.
Oh, crap!!
Welcome aboard. Most of us try and keep their emotions in check. Never a good idea to panic, whether it is getting into a stock or bailing out of one. You usually regret your hasty decisions in life.(At least I do) Today may prove that panic selling is always a thing to regret. Nothing has changed with this stock since friday, but the moods of the people sure have. It is a pretty good social experiment.
Taking a profit is never a bad idea, but wanting all the profits may fall into your Greed catagory. Good luck with your investment and once again, Welcome.
I didn't mean to imply I felt singled out. Nor would it have bothered me if you had. I long ago got control of my emotions in regard to the stock market. Everyone has dreams of riches. It can be fun to think out loud. My big purchase will be a new muffler.(I know, extravagant) The highs and lows of people's emotion is just human nature. It is really what makes the market. One day, doom and gloom. The next sunshine and butterflies.
Your DD has been excellent. Those who read it, may be able to relax and disconnect themselves from the emotions that days like this cause.
I'll take full credit for the car purchase conversation, by the way it was a joke. Like most of my posts I try and put a little humor in them. As I have stated before, I am riding for free so the daily moves do not bother me. At the moment my portfolio is down over $60,000 today. They were paper gains, so easy come easy go.
Those who believe they can rub rainmaker's belly and divine the future of this stock, may need to take a deep breath. People by now are probably figuring out what type of investor they are. Some now know that they cannot handle the emotional stress of seeing money quickly evaporate within minutes. My brother got bitten my the internet bubble in the 90's. He will never come back to the market. Myself, last year I lost close to 60% of my net worth, but I'm still here and all those losses have been erased by my persistence and patience. I can handle the massive moves that the market and penny stocks go through on a daily basis, but that is simply a matter of my risk tolerance and personality.
Never invest more than you are willing to lose, is probably the best advise anyone can get. But again, easy for me to say since I have already booked profits here.
Nobody knows the future price of this stock. CEO's can't even predict that and they have all the information. I will hold way past merger news as I have stated over and over again. I am a long term guy. The today's of the market is why I gave up on the flipping strategy. All the gains you had can easily be gone with just one bad day and one wrong flip attempt.
Good luck.
If you've put money down on this horse, I'd say it is your board. No need to be a lurker, unless you want to be.
Glad to see you still here, I got the impression that some were after a big bounce to try and recoup their losses. My thought was that they may have bailed once it started down this morning. Hope you all stay.
I wonder how many of the geta survivors are still here from last friday. People who jump in quick seem to jump right back out. Though I know we don't like to discuss the Yahoo crowd here, but the endless merger monday posters over there set people up for unrealistic expectations in the short term.
In my opinion, nothing has changed. Still waiting on merger confirmation. We still have 30 days until we are over the October 1st timetable.
I've never spent the money on Blue. If this gets to .25, I'll trim off 100,000 shares and buy a bottle. That way we can have a celebratory drink over the internet. With just the right amount of ice, Scotch tastes like honey to me. And I mean literally, like honey. Kind of strange, most people gag on it and go back to their umbrella drinks.
I'm already riding for free and taken some profits with this one. My next trigger is at .25. I got lucky and bought at the low. Jumping in and out has never been my style. I've just sat on this and will continue. If it crashes, I'll shrug and be happy with the profits I've taken. But if it hits, I'd bang my head against the wall knowing what I could have had if I sell to soon. I have learned my trading temperament over the years and that keeps me disciplined.
In regards to Scotch.(mmmm scotch) Currently working on a bottle of Johnny Walker Red. 15yr old Dimple Pinch is okay. Cutty Sark good. I am really curious to try Famous Grouse. If this baby hits 5.00 with a few years of sales behind it, I just might have to do some serious research on the subject of Scotch.(Now there is a dream.)
My price range will depend on this stock.(just kidding) I'm thinking of putting a new muffler on my pick-up if this hits 1.00. I know, I dream big. So not to annoy anyone, I think it hits a dollar when "actual" sales are announced. If it gets there before that, I will be just as happy.
It has been a long weekend for most as they wait for opening bell. You are absolutely correct on the fact that we are all speculating. Everyone holding this stock believes that it will go up. Though, there may be that one odd ball that is hoping it crashes so they can take a tax right off. (to each his own, i guess)
There is nothing wrong with the question as long as you realize that none of us know the answer. The resident chartists think they know, but one giant holder who decides to take profits will blow their predictions to bits. And one giant buyer, or crazy hedge funder could feasibly cause this to go into the dollars. We could easily get another surge like monday by a group of flippers. My hope would be the steady and small lot buyers who moved this stock back up on thursday and friday. To predict the end of the month price, is truly impossible. All kinds of news could come out to cause a giant surge or crash.
I think most that may have been annoyed by the question and answers, have read them over and over again. The random price prediction without any reasoning behind it, causes some to simply shake their head and ignore any further posts.
Other questions that are getting old are: When is the merger pr coming out? Is Paul in Korea? Should I get a mercedes or jaguar? (okay, that is my question. Really tough call.) My point is that none of us know the answers to these questions.
This stock really needs to increase in value based off its own merits. Yes, all stocks go up on a certain level of speculation, but the good ones stay up on earnings and growth.
Don't worry if you think you upset someone here over a simple and innocent question. If they get upset over a question, boy my long winded post should cause them to go ballistic.
Sweet Googly Moogly. Was that a typo?
Easiest way to find out if Paul is in Korea is to start calling all the hotels until you find him. Good luck.
Earlier we discussed: Why merge with xmdc?
We have already discuss the matter of past negotiations, the payday of shares instead of paying good money to try and get and ipo in the states, and the possibility of an easier patent approval. I think we will all agree that xmdc is simply a shell with available shares to transfer to Bioharp. We are not an S&P company. We are not a conglomerate with offices throughout the world. So why on earth would Dr. Lee and Bioharp want to merge with little old us?
Imagine spending 14 years creating this device. Devoting your life to getting this amazing technology into the palm of your hand and being successful. No doubt they have devoted millions of dollars to get this far. If it was all about the money for the Bioharp team, do you really think this is the field they would have chosen, or the path? Now they have to decide, spend millions more to get an ipo in the states or catch the eye of someone who already is in the U.S.
We don't know who has come knocking on Bioharp's door. Maybe some of the medical device makers on the Dow or Nasdaq. I don't want to suggest names, because I am simply speculating here. My guess is that a man who has devoted 14 years of his life on this beautiful baby, didn't want some guy in a cubicle cold calling medical clinics to try and sell item #412b on page 143 of his companies catalog. He wanted someone who believes in the product, someone who has passion for this device. Someone who would put everything else on hold and devote years to be able to sell this product. That sounds like our CEO.
To be crude about this Dr. Lee and his team wanted a partner. They didn't want to be treated like a whore. Handed a handful of cash and shown the door.
This is just my opinion, I have no way of knowing the motives of Dr. Lee and his team. I simply tried to put myself in his shoes for a bit. I hope I didn't bore you. Good luck with your investment and thanks for reading my thoughts.
Most sales are first in first out, unless you ask your broker to do it differently. The wash rule should only apply if you buy back within 30 days after you sell for a loss. My guess: You ought to be able to wipe out that gain.
Yes, if you take for example $10,000 dollars in gains and $10,000 dollars in losses: you have a tax liability of zero.
I believe you can take up to $3,000 in losses above your earned income as well. I have for several years now used my losses to limit my tax liability of my earned income.
To save my posts for the day, my answer to the gainskeeper advise: I have had some issues with gainskeeper being 100% accurate. I still use a hand written ledger to manage my gains and losses.(I know old school, but I trust me a lot more than a computer program.)
A bit of trivia: Some of these billionares who booked their losses from the last year or two, will be able to take the losses off their future earning for possible the rest of thier lives.