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The bids at 8 could take out as many 9's for a total price difference of $800 for 8 million shares right now. That is absurd. Why not just take out the 9's? This is just treading water or a couple people buying at 8 and trying to sell at 9. Playing in the kiddy pool where they hope not to drown, as the water is so shallow. Pathetic.
Agree SFOR will be heading up, but not because "naked shorting" will end.
The Supreme Court only permitted cases to be tried in state courts in addition to federal; the protections for investors are worse than nothing, and FINRA cannot tie their own shoelaces. It's all corrupt and designed to protect the guilty.
Lots of sub pennies popping, like tadpoles hatching all at once. It's gotta be SFOR's turn soon...
Yea, REALLY.
Yea, what's up with all the dumping at .0009? It's been as if someone wants out before the quarterly report, even if they have to chew their own arm off.
Ha-ha. If price action was not so... shall we say, temporarily tragic... the liveliness of the board would be an added bonus in entertainment value.
You don't see .0008 as a strong support -- not resistance -- after that has been the lowest price for 6 days, with 10Q anticipated in next 2-3 days, so fear factor already pretty much baked in?
No, we ain't. Get a grip.
Sorry, that was selling them short, not typo "shirt"
The lending bank pulled the rug out from under them after they exercised their loan limit allowance. The bank might have been selling them shirt at the same time that they suddenly reduced their loan facility. Oil prices have nearly doubled since the lows. Shareholder meeting May 19. Suggest attend.
Read the 8K and other filings. Stockholder meeting May 19.
That was cheer-leading, not leasing.
Dam spell-checker
Thanks, skydig!!!
This contradicts your previous posts
How can you or anyone know who exactly is buying and selling?
There are strong points. One reason I've suggested giving the cheer-leasing a rest until after the Q is out, is that many less veteran investors can get caught up in over-paying. Charts are never the whole story. Like jimmirehman, I took an initial position when it fell from .0041 to .0022. If not for all the promotion preceding the spike to .0041, it would probably have proceeded in a more orderly fashion from the dilution carnage at .0002 to .0008, and less harm to those not preternaturally cunning at this trading process. It's better to let it build organically and rationally. Wait for the numbers, knowing that it will take months for the retail sales to boost Quarterly numbers. The positive trend, without any further major set-backs such as that last very nasty dilution, is key going forward.
Have you any feeling about it's true valuation here, assuming the market is "wrong" -- (that it is at least slightly undervalued currently?)
Numbers off by an order of magnitude?
I wondered if the former toxic lenders were still unloading shares they got at .0001-.0002 at 8's now, 10 or 20M per day, but they are running thin...
But it is still up 800% from the bottom, right? And huge dilution was largely offset by Microsoft settlement. The MSFT settlement was recent enough, that I don't think its significance is fully factored in. IMHO
Jimmi -- you are not alone. The penny stock I was pressured to sell for short-term cash in late March, flew from .004 to .05 (yes, a nickel!) only 3 days later, and today (still out) it flew up to 10 cents! Missed $90,000 opp, and it's killing me. But that stock lay dead for over 6 months before the rocket launch. So be real careful about selling too soon.
Where did this quote come from? Thx
Thanks very much for your detailed response. I'm gathering that you think it has further to fall. May I ask, when you had over 22 million shares, what your average cost basis was, and did you get out before the Microsoft settlement?
Had been making s friendly joke about your level of optimism. Sorry if my weird sense of humor offended. I am holding, not day trading, and agree undervalued. Naked shorting is not my first conclusion for a stock under a penny, though I'm sure some crooked parties figure out how to do that. Nevertheless, my question was, what target price do you realistically think it could achieve?
Do you think this could ever again be worth 5 cents (with current share structure)? Would also love the opinions of all those owning more than +/- 10 million shares, regarding their reasonably expected target price by late 2016.
It's been said 50 times here, no RS; please read everything before writing anything...
Again, I say, I held one company for 8 months of dormancy, then it rocketed 1400%. If you must, set your sell orders at .02 or .05, and then GO AWAY and enjoy your family/ friends/ so's!!! This is months out! The daily posts do not help or change the future! In fact, at this point, the less hype of any kind, the better! Trust me on this... Everyone STOP posting any info! Let the company speak for itself!!!!!!!!
Trackwizzard -- whatever you're on, I'm Interested in learning
More about it...
Yea, I would not want to be Mark Kay without the excuse of "vacation time" ... attempting to quell the anxieties of weak-kneed investors just before a Q. Considering the amount of time the poor man spends having to respond to the more challenged traders or investors inquiries constantly -- even when things are going "swimmingly" -- I think I'd also choose to preserve my sanity by taking s "vacation" before a lackluster quarterly report. Everyone knows it will be Q2 or Q3 before retail sales numbers have any chance to pick up speed.... I say, park your worries for a few weeks at least and let them "do their thing"without trying to skim the cream off constantly.
I expect miracles
Waiting for .05. Don't let the bustards get you down!
He's not what you said. And, the Q, which is not expected to contain any negative surprises, could be out later this week.
NT was widely expected. No dynamite expected in Q either. But no big negative surprise either, so no rational basis to go below 6 or 7 or 8.
Thanks for that info!
That would be a truly great thing.
I'm waiting for .02's, if not .04's...
Well done to you too, then!
109,000,000 shares? Well done.
Maybe I'll try to call them and get their explanation...
That must be a newer development.