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Not to many penny stocks can acquire companies like uBid has over the last six months. Obviously they have bankers supporting them through these acquisitions. A cash raise is soon to happen and probably a reverse split prior which is fine. The actual float is very small and those $400M shares or so that are restricted are a bitch to sell on the open market. I heard some of those shares have been held for more than a year and holders are having a very hard time selling those shares because no brokers are excepting transfers from uBids transfer agent. Anyhow, I feel this stock should be trading much higher around $.06 - $.10. The domain name alone is worth $5M-$10M for Restaurant.com and adding in the revenue of $6M-$10M. Just my 2cents.
It's been awhile to post on this board, but good things are to come. The merge was bad long-term for several reasons, will all find out soon.
Price wont move much right now, still time to get on board with the run-up. uBid will need to file an S1 soon with all the financial details of the merger, audited financials of all the companies involved in the merger, etc.
Com'on Sojeiboy, you can do better. Nothing like have a few alias...Anyhow, this is a non operating company josh, called a shell. The only purpose is to get bought or have a merger with another company. Raising money isn't easy and obvious it's been dragging on since April. I invested after the stock sold off from the April run-up, in around $.06. With this risk, yes I hope for a huge return. As someone else said recently, why would the company extend this merger only two weeks from Oct 15th to Oct 31st knowing they missed all the other dates? Why give a date at all? I will be disappointed if an announcement doesn't come out tomorrow, but thats the risk.
Another guess, tomorrow will be the start of the announcements. Could be wrong, we will see tomorrow.
Calling you Sojieboy is slander? I understand that. Just hold on to your shares. Good things to come and no more delays.
The 29th....Mondays are good for PRs.
Should be a great week for QMKR shareholders!
Serious? Few weeks is pretty close to Oct 31st. The deal will happen next week. Just my take. You should buy back in.
uBid is going to be one of the companies. I'm more curious who uBid is going to buy / merge with QMKR as part of this deal. (per the PRs) I think it's one or two companies merging with uBid. QMKR is just a way for these companies to get public.
You're going to be the same d-bag ripping on the merger once it's completed over the next few weeks. Terrible deal, not enough money raised, financials aren't good, etc. Go get a job and move out of your parents basement. This shell company will be real in a few weeks...A lot of money to be made here.
That yield sign should be updated to current now paving the way for the raise.
Valuation all comes down to the combined entities after the merger. Audited financials will be released after the announcement of the merger which will drive the valuation up from here. Should be a great Halloween!
While some people may think this delay is negative, I'm very excited. This now is serious confirmation of the merger will happen before Oct 31st. Incumaker and uBid holdings wouldn't put in another date in filing if it wasn't going to happen. Yes, there dates in PRs haven't been great, but to give a date only 15 days out means finally financing is in place for the merger.
I'm sure the stock will sell off a little bit if no announcement about the merger happens soon, but this deal will happen over the next few weeks or Monday. (my opinion)
Better be a Halloween pre-holiday treat... :)
Can't fault anybody ever from taking a profit. Buying around $.05 and selling at $.085 is around 70% profit. But, I feel their profits could be 600-1,000%.......or higher
A like the action too, not much volume though. The bid and ask are getting closer together and if the deal is announced over the next week, watch out.
What starts in a few weeks?
Nice amount. Only have 100k shares and people will be unhappy selling now...
The big and ask are getting much tighter...That's a good sign.
Who's selling today? A lot of potential money to be made this week....
Should be entertaining next week. Lets get this deal done and get on Nasdaq....
The stock price went to $.295 when Incumaker announced the completion of their 2 Year PCAOB audit back in Dec 2017. My opinion it will go between $.20-$.30's but could be very volatile. All comes down to the deal make-up and the release of the audited financials of the combined companies to see revenue and hopefully net income. In addition, any future projections would be awesome. If all the numbers are great, yes, I agree with the $1 projection or higher.
This stock isn't your typical penny stock. I feel the combined entities revenue will be north of $50M and profitable
You're thinking the merger will be completed next Thursday? From what I heard, the combined companies will be cash positive and I think are raising like $3M.
Better read up on what volume means. Volume yesterday was around 450k, 50k today.
I was thinking the same thing. People must be waiting for the PR...Big spread between the bid and ask
Great News,but I can find the PR anywhere? Can someone send me the link?
Thanks
I'm thinking this is the week the deal gets done....Com'on uBid...
I was hoping for "That" PR this week, long too. The deal will get done.
That was your 50k shares??? Good luck in your future endeavors
Hopefully has a date of the close
Agree...
The raise three months ago was between $6-$10M, smaller raise now. Bigger raise within the next year.
I think Mr Thakker (CEO) of uBid didn't want to make another miscue on sending out another update with an actual date of this merger. Raising money isn’t easy, all the broker dealers and bankers want their commissions and deals always can change right up to the last second. I’m assuming some of the brokers sold uBid on investors and then couldn’t deliver. This deal has been shopped poorly but finally will get done soon. The combined companies will be cash positive and will continue to acquire companies over the next year. The silver lining is uBid.com. The site needs to be updated asap, but a lot of the potential in revenue growth. uBid went public in 1999 and had yearly revenues over $500m. Not sure what the capital structure will look like after the merger, but at $.05 a share this could be a 20-30 bagger from here. Hopefully not by a reverse merger… ??
This stock will take off soon. The raise between $6m-$10M will happen in the next three weeks.
Is it a jury verdict, settlement or a buyout???
Great question. Where is everybody getting 2016? This would seriously up the royalties amount through 2018 or 2021.....
Hows does anyone know what the questions are and in what order??? Did everyone in the jury room get a copy of these questions???? I think not. Only the jury, lawyers, and the judge knows the questions and what order...