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I just called the company and Jamie Herring is still with them.
O/S remains the same.
Looks like people loading the boat at .018. All imo. GLTA.
Nicely outlined. In my opinion, there is enough evidence for me personally that proves they are definitely moving foward with their business plan. GLTA.
I agree with that. As I've previously stated, I'm not particularly interested in the buyback, I don't think it'll have a major effect on the stock price one way or another. The reason I got into this stock is because of the potential after the acquisitions.
I personally believe all the talk about buyback is not really relevant to stock price. If they buyback 20%, great, if not, I don't particularly mind.
I would tend to agree with you.
Also, the minor drop this am and immediate move back up is a good sign that the float continues to move into stronger hands. All imo. GLTA.
If you have any questions about any company, I suggest you pick up a phone and give them a call. I personally wouldn't rely on any information disseminated on a stock message board.
Everyone has their own agenda and I've always found it best to do my own DD and make my decisions based on that. I've done my DD on QASP and that is why I've gotten into this stock.
Some stocks I trade, others I hold for a while. This is a stock where I've decided to buy and hold as I feel it has tremendous potential.
Like I said, do your own DD and don't expect people to do it for you, especially on an anonymous stock message board.
GLTA.
I spoke with Dean, but I'd rather not speculate about what it all means. I simply asked him if they still plan on moving forward with the 20% buyback and he said yes.
Does it mean it's been going on or will begin at a later date, I don't know. The recent reduction in the O/S leads me to believe that they have been buying back shares. But that is just my personal opinion.
I guess we'll know more as time progresses. I'm hoping we'll get a PR this week. GLTA.
It was in a phone conversation when I called last week. GLTA.
Thank you for posting this. This is why I got into this stock. They continue to move forward with their business plan. GLTA.
Actually, I called the T/A today and the O/S is 734,675,476. Thanks. GLTA.
From what the company told me last week, they plan on accumulating 20% of the current outstanding. So, I take that as approximately 150 million. We shall see. GLTA
Fair enough. Accumulation of any kind is a good thing :)
I'm assuming the company has been buying back on the open market since the O/S has been reduced by 5 million today and I was told by the company last week that they are currently continuing with their buyback plan that was announced last Fall.
I would tend to agree. In my opinion, since there were many days where there were many 5000 block buys at the ask, and after checking with the T/A today and there is a 5 million reduction in O/S, I assume that these buys were part of the buyback.
Also, the float seems very tight. Any little buying or selling pressure moves it very quickly. If you notice, there's only one or two market makers at the best bid and best ask at any given time. This makes me believe that this is ready to make a very strong move upward once substantive news hits. Hopefully very soon :)
This is all in my opinion based on my personal knowledge of the stock market and trading patterns. GLTA.
I don't believe it's a major event, however it is a very good sign to me that the O/S has been reduced from 748m to 734m. We are moving in the right direction. All imo.
Just called T/A, O/S reduced:
O/S = 734,675,476
Reduced by exactly 5 million shares since I last called. I triple checked with her to make sure she was reading it correctly and she confirmed its 734 million now.
Agreed. However, I believe this stock will have it's day very soon. The same thing happened a few years back when I got into another stock (on the otcbb). Got in around the .70 range and it just kinda sat there for quite a while even though they were moving forward with their business plan full steam. I even got a friend into the stock who soon became upset with me because the stock was doing nothing. It also got bashed like crazy on the message boards.
Then, out of nowhere the stock began it's ascent and I held and finally got out at $7.00. Quite an amazing run indeed! So, I've learned to be patient and know when a stock is ready to run, it will run, regardless of message board banter, mm conspiracy theories, etc.
All imo. GLTA.
Actually, that's not the case. They were buying back in the late Fall, and they may be continuing to buy back now. However, they may be buying back for two reasons:
- To retire shares, which I believe happened in the late fall and just recently retired from the o/s: 748m to 739m
- And also, for employee compensation, etc which will not be retired from the o/s
As I stated previously, I'm not really interested in the stock buyback. I'm much more interested in finishing up the acquisitions, names of the acquistions and getting the $350 million. This will bring a ton of eyes on the company and that's when the price will begin it's ascent.
I believe this is all the real deal. That's why I recently got into this stock.
All in my own opinion. GLTA.
My assumption is that they must've retired 11 million shares. Here is my explanation of that from January 19:
Posted by: stockinvestor01 Date: Tuesday, January 19, 2010 8:52:05 PM
In reply to: Manti who wrote msg# 73874 Post # of 75320
I would tend to agree with you. I had a look back at some of the previous PRs regarding the buyback and on November 2nd they stated they were planning to buyback $250K worth of shares in the first two weeks of November and retire them from the O/S.
Using an average price of about 2 to 3 cents a share during that timeframe, that would be approximately 9-10 million shares.
So, when the O/S recently dropped from 748 to 739 million, I'm assuming that is the shares they purchased in November and just recently retired.
When I spoke to the company, they said they would continue with the buyback once the $350 million is received. So, my assumption is that the buyback will resume when that happens. Hopefully, in the very near future.
I believe much more information will be forthcoming moving forward. I'm pleased to know they are following through with their business plan and have already closed 2 of the 4 acquisitions. I believe the 5th and 6th will close in February or March.
This is all my opinion. GLTA.
That is correct. O/S is reduced only when shares are retired. If a company buys back shares and restricts them for employee compensation, etc, they remain in the O/S.
Yes, just called T/A and it's exactly the same as last week.
I really don't understand all these 5000 share buys at the ask. I can't imagine they are major accumulation because they are only $100 buys.
Although I don't believe in mm conspiracy theories, the only thing I can guess is that the mms are not letting it run? Just very odd to have that many 5000 share buys at the ask (for a total of $100 each). Doesn't make a lot of sense.
Mine is not restricted, so I'm not sure it's having an impact on volume. Just depends on who is restricted.
It's just a slow day here. People waiting for news. Hopefully, next week should get exciting. We shall see. GLTA.
Just called T/A:
A/S - 750,000,000
O/S - 739,675,476
As of this morning.
Could someone please enlighten me regarding HDSN. I'm not sure why there is so much emphasis on this board for that specific market maker. Many other boards usually target nite. In general, all market makers are the same, they create a market for the stock. I personally am not into all the conspiracy theories. But if someone can tell me why people keep mentioning HDSN here, I'd greatly appreciate it. Thanks in advance.
That's what happened to me. Everytime I entered a buy order at the ask, they'd fill a small fraction then raise the ask. I had to keep raising to finally get filled. I think the float is extremely tight at the moment. Any substantial news and this will fly. All in my own opinion.
I'm on the west coast. I called my local Scottrade branch regarding why some people are able to buy online and others aren't.
I was told that it was due to the trading volume on Friday and that there is an online buy restriction for some customers at the moment. He said that if you already own the stock and have a margin account and/or a certain amount of assets in your account there is no online buy restriction. That's what I was told. In any case you can buy the stock if you call the branch if you cannot buy online.
He said they review restrictions on a daily basis, and since this was a volume issue from Friday, the online buy restriction for some customers can be removed at any time.
As an FYI, I can purchase this stock online through Scottrade. I placed a buy order online just now and it was accepted.
If you're having online buying issues, you can still call it in and purchase that way, although it's a bit of a hassle.
GLTA.
Agree with your statement. I like to use charts but I don't solely rely on them. I've been pretty successful using charts, momentum, volume, board sentiment, etc. A combination of those has usually steered me in the right direction.
In my opinion, solely using charts in pinky land may not always work.
Just to add, I've done extensive DD on QASP for quite a while before getting in. At the risk of sounding overly exhuberant, I do believe we could easily see the .50 or above range in the next few weeks if they continue with their business plan and complete the other two acquisitions and get the $350 million funding.
I personally am not too attached as to whether they do a buyback or not. If the deals get competely done and we get the names of the companies and the $350 million financing comes through, there will be a great deal of interest worldwide in this stock in my opinion.
GLTA.
It's not for me, I was able to place a buy order online just now with Scottrade.
I don't believe it's illegal. However, I would imagine it is part of the contract to first notify customers/vendors prior to making the acquisitions public. This is fairly normal practice in business acquisitions. However, I imagine this shouldn't take very long at all. Only a few days at most.
Regarding share structure, the T/A provides A/S and O/S, so it's possible to get an update on a daily basis.
GLTA.
I would tend to agree with you. I had a look back at some of the previous PRs regarding the buyback and on November 2nd they stated they were planning to buyback $250K worth of shares in the first two weeks of November and retire them from the O/S.
Using an average price of about 2 to 3 cents a share during that timeframe, that would be approximately 9-10 million shares.
So, when the O/S recently dropped from 748 to 739 million, I'm assuming that is the shares they purchased in November and just recently retired.
When I spoke to the company, they said they would continue with the buyback once the $350 million is received. So, my assumption is that the buyback will resume when that happens. Hopefully, in the very near future.
I believe much more information will be forthcoming moving forward. I'm pleased to know they are following through with their business plan and have already closed 2 of the 4 acquisitions. I believe the 5th and 6th will close in February or March.
This is all my opinion. GLTA.
It is not restricted for buying online on Scottrade. I just placed another order just now and it went through fine. Not sure why you are having issues.
Sorry, I meant O/S 739,675,476. My apologies.
There is no restriction on Scottrade for this stock. I just now put in a buy order online and it went through fine. You may have accidentally entered the wrong symbol. There is no restriction on this stock.
I'm hoping we'll hear the names of the two acquisitions this week. I can't imagine it would take them very long to notify customers and employees of the change in ownership.
Just checked with T/A and A/S is 750 mil. O/S 739,675,476. GLTA