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I have a few myself, no snow here yet. Just subzero temps.
Don't freeze your Boobcicles off on the way.(My rude funny of the day.)
Just keep the road plowed so it flys right by you.
You are very selective of what past history you look at.
If you look at the past price history 12 months ago it was at .0002 and it is now roughly .05. So based on your past history theory, 12 months from now it will be at 12.50 a share. I appreciate you ability to find anything that may be construed as negative, but you are losing out on money in the process. Not to mention all those who have listened to you over the last couple of days. Will you hold yourself accountable to them?
You may also take the time to read through every line of previous PRs, so that the mods can stop wasting their time answering easy questions.
I guess its another low volume day, Oh wait. We just need to burn through all these flippers and we should be golden. Nice day for everyone.
I'm aware and have watched plenty of these pinks drop to .0001. That is where I found this one in fact. I do have to question your deduction of a fluff PR though. If the buyout falls through I agree it will crater, but a fluff PR or a PR stating another delay will not drop it that far down. My guess would be another 50% haircut.
Did I understand this correctly?
You believe a "fluff Pr" will cause this stock to drop to zero. That is 100% loss with the math I use.
Of course you can use them. I really hope we all will be able to.
Try something a bit more interesting:
I've decided to self downsize.
Employment here just doesn't seem to be in the best interest of the company.
It's not you it's me.
You deserve a far better employee than me.
I realized my 5 year plan sucked and wrote a new one.
You never take me out anymore. When was the last time you said I looked nice? I don't even catch you looking at my ass anymore. (It might apply.)
Your company has a great future, I just don't see myself in it.
I just think it's best if we go in another direction.
The pressures of the world have finally gotten to me. I thought living as a pauper on the salary you provide would help me be a better person. In reality, I've found out being rich is far more satisfying.
I have Scottrade and count more than 1 million in volume, but the total is only 518,000. It was wrong from beginning of day. I don't know what their problem is.
Not everyone has Fidelity, so experiences vary. I just went through a reverse split and cuspid change, my new shares took 5 days to become available to trade. (guess that is what I get for answering a question. I get nitpicked.)
Generally what happens with a name change is that we get a 1 for 1 share exchange. The price will stay the same, so our value will remain the same as well. The shares will be frozen in our accounts until the company clears them to our brokerages. That usually takes a couple of days, sometimes up to a week.
An earlier reply stated that no reverse split is expected. I agree, there doesn't seem to be a reason to reverse split. That does not mean that it isn't possible. What happens with a reverse split and name change is that our shares are reduced by whatever number the company decides. The price adjusts upward to match the split and our value remains the same. Reverse split are for the most part considered negative by investors.
That is both the beauty and nightmare of being incorporated in Delaware. They are less than supportive of shareholder rights. But then again, I'd vote with management so no big deal.
They sure are fighting for every .001 of this today. I like the firm sellers at the ask.
I have a carrier pigeon set up to notify me. It is the best system out there, unless you get hungry. Anyone want squab?
Sentiment is very fickle these days. That is what makes a market, I suppose. I am rather suprised that we only have one main basher. With the pullback from .10, we should have more.
Managing a big country is like cooking small fish. The more you stir them, the less their shape can be maintained.... Lao Tzu
When the government does not interfere, the people are simple and happy. When the government does interfere, the people are tense and cunning.... Lao Tzu
That may be an easy trade.
Our Government may not be in the pinks yet, but it is one hell of a short.
One who stands on tiptoe cannot stand firmly. One who strides cannot walk far. One who flaunts himself is not illumined. One who insists that he is right is self-righteous. One who boasts of his accomplishments undoes his merit. One who takes pride in himself impedes his own growth.
Lao Tzu
I think maybe I'll buy Paul a taser for x-mas. We're gonna drive the poor man into Witness Protection. lol
Thanks for the update. Appreciate the work you do.
You are a very mean man.
Well, I was a millionare for 5 seconds at least. It felt nice. The air was crisper, birds were chirping(or shivering, its fricken cold here) I guess I'll go back to warming up some soda crackers for lunch.
It shows 25,000 shares traded at .465 at 13:13:59
Just think about the possibilities for it if they got the tip to vibrate.
Disclaimer: My 2nd funny of the day. I only got one more in me, so wait for it.
I heard a rumor that the mice in the "trials" were actually paid actors. They were in the Shrek movies or so I heard. Is there any truth to that?
A realist would know the current AS, OS, and RS. A realist makes decisions based on facts in a practical way. They would not throw out "is the OS 10 billion?
We are all speculating that the buyout will take place and the share price will increase. If you claim to know where the share price is going, you are a Kool Aid drinker and are trying to get others to drink.
I'm going to have to look up the definition of "Long."
Low volume
no currect catalyst(i.e. Pr)
The high volume momentum traders have moved on
The true longs have their positions already
Impatience by short term traders
The market is rarely rational due to the fact that people are rarely rational
Plantation and Garden Rose have stopped buying
Take your pick.
I still think it was that "60 minutes" piece on the ibox. The same thing happened with google. I even hear that there is a movement to include the ibox in the Smithsonian. Only two things have been known to survive a nuclear explosion, cockroaches and the ibox. In fact, leaving the ibox open has caused the globe to warm by 2 degrees. I even hear Warren Buffet does all his research from the ibox. Pretty soon food labels will switch to the ibox. For those of you who don't know what people mean when they say DD, it is reading the ibox. Where do you think Steve Jobs got the name for the ipod? The next Terminator movie will be titled "Rise of the Ibox."
Oh yea, I could go on all day with this. (The above is humor for the socially challenged among us)
"her" Adam's apple.
Possibly, but how was it able to hold its price so well? If it was just people buying up the float, what were they holding for?
Most should have flipped back out of the stock with good gains. From the last Pr in 2008 until October 2009 there was no news and no volume really. Of course there was me and maybe you buying up a Million share lot on occasion. Then came "Twity" from the Yahoo board saying something was up and that she new someone close to the company. I don't exactly know the date she showed up but she brought a lot of eyes to this stock.
I don't know why the stock starting moving in the spring, but dead stocks rarely dig themselves out of the grave.
It is simply human nature to talk about deals of this nature.
You go out to dinner and brag about the deal being done and someone from the next table hears about it and starts calling friends. Maybe the waiter is listening to the conversation. Husbands talk to wives and wives talk to friends and neighbors. It simply happens. Not to mention law firms and sec officials. How many people did Paul meet with in NY this week? Who did they talk to?
Usually the trading is done with options to try and limit exposure and to leverage up the gains. With this one, that can't happen so they have to buy the shares. But at .05 a share it is a seriously cheap option.
This stock moved off of the bottom roughly 5 monthes before the first PR. There was no reason for it to move from .0002 to .0020, other than people in the know buying. I agree most people who know about the deal are already in, but what about all the family members that came by for Thanksgiving. I'm sure they asked Paul and his employees how work was going.
Is it technically insider trading? Probably, but highly unlikely that the sec will come down on a penny stock. Paul in no way will be caught up in it, because to be guilty of insider trading you have to actively buy or sell shares on the impending news or event. He already has his shares.
P.S. Thanks Wicks
Today's lack of volume would indicate that it will not be tomorrow. It would be really rare that the deal isn't leaked to family and friends of "insiders". It may help having so few employees though, but if they work though the night you may be right.
With most of these deals, volume spikes are the precursor.
If you think it is going to .02, go ahead and wait.
Pretty big lots hitting at .05.
I don't quite understand your question?
greetings back.
No news, no real price movement. Just waiting. We may have quite a few days like this.
Contrarian Indicator?
Several people here, myself included, think that next week we will be flat or drift down on low volume due to the holiday week. Sentiment bounces with the ticker here in pennyland and right now a lot of people are realizing thier "millions" might take a bit longer to cash out. My point, when the majority of people think its going one way, it often go the other.
Just a possibility.
I agree. The due diligence necessary for a merger has already been done. I doubt if much more needs to be done for a buyout. It may just be a matter of redrafting the language. If they want to keep to the timeline, they could I suppose sign the papers with a Notary Public and fax them back and forth.
As per the Oct. 1 letter of intent:
"We expect to finalize this merger in the next thirty to sixty days."
The key word being "expect" gives them the latitude to get out of the 60 day deadline people have drawn in the sand. To be realistic with expectations merger/buyouts need to be somewhat fluid. I agree, end of year is good enough for me.
Thanks, I have a feeling that it will take a bit longer than 60 days.
"Mr. Lee will be traveling to Los Angeles at the beginning of December to meet with us to discuss the operational aspects of the new entity as we move forward," stated Mr. Paul D. Lisenby, CEO of XTend Medical
Unless they sign the papers seperately, it will have to wait until Mr. Lee is here. Not a big deal to me, but some may use the 60 day mark as weapon to drive the price down. If Mr. Lee leaves without the deal being wrapped up, I will begin to get a bit nervous.
Though correspondence from a ceo may be reassuring to an investor, is it really the best use of his time?
We all know he just spent ten days in Seoul working on this merger and sat a very long time on a plane back to the states. I don't know how long the trip was, but I've taken a few 18+ hour flights and they are torture.(Scotch only dulls the pain) I doubt he has caught up on his sleep, but he continues to read and answer emails.(That is a saint in my book, I would have flipped out like our TA did a long time ago.)
My point is that before emailing it would be wise to ask yourself some questions.
1. Can he answer your question?
There are a ton of legalities to sort out in a merger, with those legalities come confidentiality issues, propietary issues, insider trading issues, and many more. Already today we discussed the fact that our CEO cannot legally speak for or comment on specific issues regarding Bioharp until the buyout is final.
2. Is it a realistic question?
Mergers take time, they are messy and often the tiniest of technicality is a giant snag. Handshakes used to be good enough, but that world is long gone. This merger has been in the works for close to two years, if it was a simple issue it would have already been finalized and most of us would have missed out on the run. I'm glad it has taken some time, two monthes ago most didn't even know this stock existed.
3. Is it a truly pressing issue that needs answered?
I'm guilty of this one, my concerns are manufacturing deals and sales figures. I understand that is putting the cart before the horse.
4. Do you really expect insider information?
Those are some legal issues that neither our ceo nor you really want to deal with. Any gains you make would be quickly taken away if noticed by the sec.
5. Do we really need Press Realeases?
No doubt the reaction to monday's press release was unexpected and was quickly countered by a second. Do we really want empty or meaningless press releases? That, in my opinion, only fuels the bashers mantra of "pump and dump." I'm already in plenty of stocks that have press releases every other day. It doesn't help the stock in the least. I understand nerves were frayed this week, but results matter far more than words and the results are being slowed down by having to constantly reassure investors.
We are all investors here, though we do own a piece of this company, we do not own the ceo. It is his job to run this company and he needs the latitude to do that. When I disagree with the direction or management of a company I sell my shares and refuse to buy the product if it has one. That is all I can do since I'm not on the board of directors. It is understandable to be anxious about the money you have invested, but are you helping or hurting your cause when you fill up the company's inbox?
Just some food for thought since we are facing another weekend. Thanks for taking the time to read this.
I assume he meant that since xmdc did not apply for the patent amendment, the ceo of xmdc cannot comment on another companies information.
Bioharp is still a seperate entity until the final papers are signed.