Can anyone please explain what happened today?

Waiting for the price to stabilize again, since the news of the closure of the PO, before I grab up another chunk.

These guys are going places, for sure - would love to see Pfizer buy up their company (like they did with the last Esperion) or their patents, with a huge benefit for us!

Anyone else curious why their top leadership decided to sell so many shares, all at once?

Three form 4's in one day makes me curious.

Will we get another report once the sale of new shares is complete? Or, we'll just see a sudden drop in price as the stock dilutes?

I'll likely buy back in once they officially dilute.

Glad it didn't drop this morning. At least I got mine

Looks like they're about to dilute.

Good time to sell, and wait for more cheapies soon?

All I know is that I have some.

Other than that, I don't have a freakin clue

Proposed merger is interesting, indeed.

1 share of new company stock for every 100 current DT stocks owned. That's interesting, too.

Wasn't there some guy posting here quite a while back, who said he was part of a dedicated investor relations team with Deaf Talk? If I'm remembering correctly and he did exist, what happened to that guy?

And, didn't Dave promise press releases every couple months?

I'm the first to admit I have not - but has anyone tried calling these guys lately?

- T

If anyone wants to test the 'send' function of their bitcoin wallets, I've set up a special account just for you!

186VYCMsknkdFnn3KCoHv9hK6ntDPE7mim

Send your coins here, and I'll verify that I've received them


But in all seriousness - I think the news recently has been surprisingly positive!

What ability to counterfeit are you talking about?

The current mining reward is 25 bitcoin for each correct solution. So utilizing a network-effect to increase your computer's ability to mine is not counterfeiting. He's still mining by the rules of bitcoin. He's illegally taking over other people's computers to assist his own - that's what's criminal.

I think this is a pretty friendly site for charts and for watching real-time trades on multiple exchanges.

http://www.bitcoinwisdom.com/

I believe it defaults to MtGox, but you can change the exchange by clicking the exchange hyperlink at the top.

Well, that was exciting

These dips have been shaking out loose hands for weeks. The Chinese government issued a slightly obscure press release, and now we're just shaking loose hands out of the Chinese tree.

Wall Street Journal ran an article on Wednesday about one of the largest Chinese holders of Bitcoin, Li Xiaolai, and his stance is still hold.

This is a healthy correction, and will lead to a lot of fresh pressure on the buy side. JMHO

((This should give everyone something to talk about))
((I read this as really good news - keep the banks out, allow the people to stay in - that's the point of Bitcoin, right? - and apparently the Chinese government's opinion too!))

First OFFICIAL document from the Chinese government about Bitcoin!

http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html


One person's translation (original source):

http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/

This is the press release. The notice is below

In order to protect the public's property rights, to protect RMB's official currency status, to prevent money laundering risk and to protect financial stability, the People's Bank of China, Ministry of Industry and Information Technology, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission jointly issued "The People's Bank of China, Ministry of Industry and Information Technology, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission Notice on preventing Bitcoin risk" (2013 no.289, "Notice" hereinafter)

The Notice clarifies the status of Bitcoin. Bitcoin is not issued by a monetary authority, it does not have the status of legal tender and obliged acceptance status of money, it is not money in the true sense. Bitcoin is a specified virtual commodity, it does not have equal legal status with money, and it cannot and should not be used as money on the market. But, the general public have the freedom to participate in Bitcoin trading as a commodity trading on the internet on the condition they carry their own risk.

The Notice requires, at this stage, all financial institutions and payment institutions must not use Bitcoin to set price for product or services, not buy or sell Bitcoins, not act as a market maker for Bitcoins, not underwrite insurance related to Bitcoin or cover Bitcoin in insurance, not directly or indirectly provide other Bitcoin related services, including registering,trading, clearing, settlement; not accept Bitcoin or use Bitcoin as payment tool; not start a Bitcoin and RMB or foreign currency exchange; not start a Bitcoin saving, trust or mortgage service; not issue Bitcoin related financial services; not use Bitcoin as the investment in trusts or funds.

The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. Also, because Bitcoin has a higher money laundering risk and the risk of being used by criminals, the Notice requires the relevant organizations to comply with the Anti-Money Laundering Act and fully comply with the legally required anti-money laundering procedures like KYC and suspicious transaction reporting, to prevent Bitocin related money laundering risks.

To prevent virtual goods like Bitcoin using the name of "virtual money" to over-promote, damaging the public interest and the RMB's position as legal tender, the Notice requires financial organizations and payment organizations in their daily tasks to use the correct concept of money, to emphasize on public education about money, and to add to public financial knowledge education the contents of correct knowledge of money, correct views of virtual goods and virtual currency, rational investment, control of investment risk and defending one's financial safety, in order the public have correct views on money and investing.

In the future, the People's Bank will do its duty and continue to closely monitor the Bitcoin trend and related risks.

EDIT: this is actually the press release introducing the Notice, I'll add the Notice below

People's Bank of China
Ministry of Industry and Information Technology
China Banking Regulatory Commission
China Securities Regulatory Commission
China Insurance Regulatory Commission
Notice on preventing Bitcoin risk

Recently, a so-called Bitcoin calculated using certain computer programs gained widespread worldwide attention, there are also organizations and persons in China taking this opportunity to promote Bitcoin and related products. In order to protect the public's property rights, to protect RMB's official currency status, to prevent money laundering risk and to protect financial stability, according to the People's Bank Act, the Anti-Money Laundering Act, the Commercial Bank Act, Telecommunications Regulations etc, the following notice is made:

1 Correct knowledge of Bitcoin

Bitcoin has four main characteristics: no central issuer, limited quantity, no geographical limits and anonymity. Although it is called money, it is not issued by a monetary authority, it does not have the status of legal tender and obliged payment status of money, it is not money in the true sense. Bitcoin is a specified virtual commodity, it does not have equal legal status with money, and it cannot and should not be used as money on the market.

2 Financial institutions and payment institutions must not start Bitcoin related business

At this stage, all financial institutions and payment institutions must not use Bitcoin to set price for product or services, not buy or sell Bitcoins, not act as a market maker for Bitcoins, not underwrite insurance related to Bitcoin or cover Bitcoin in insurance, not directly or indirectly provide other Bitcoin related services, including registering,trading, clearing, settlement; not accept Bitcoin or use Bitcoin as payment tool; not start a Bitcoin and RMB or foreign currency exchange; not start a Bitcoin saving, trust or mortgage service; not issue Bitcoin related financial services; not use Bitcoin as the investment in trusts or funds.

3 Strengthening regulation of Bitcoin websites

According to the Telecommunications Act and the Regulation on Internet Information Service, websites that provide Bitcoin services like registration, trading etc should register with the telecommunications regulation authorities.

The telecommunications regulation authorities, following the determinations and punishment opinions of the relevant management authorities, close down illegal Bitcoin sites according to law.

4 Prevent possible Bitcoin money laundering risk

Branches of the People's Bank should closely monitor the trends and activities Bitcoin and other similar virtual commodities with the characteristics of anonymity and easy cross-border access, seriously consider its money laundering risk, research and implement targeted preventative measures. The branches should include lawfully established organizations that provide Bitcoin registration or exchange services in its area into its anti-money laundering monitoring, and supervise them to strengthen anti-money laundering monitoring.

Bitcoin websites should earnestly implement their anti-money laundering duty, confirm the identities of their users, register their real names, register their name and ID card number. If financial institutions, payment institutions or Bitcoin websites discover suspicious transactions involving Bitcoin or other virtual commodities, should immediately report it to the China Anti-Money Laundering Monitoring and Analysis Center, and cooperate with the People's Bank's investigation; if they find evidence of fraud, gambling, money laundering using Bitcoins, they should report it to the police.

5 Strengthening public education on money knowledge and investment risk

Departments, financial organizations and payment organizations should in their daily tasks teach the public the correct concept of money, to emphasize on public education about money, and to add to public financial knowledge education the contents of correct knowledge of money, correct views of virtual goods and virtual currency, rational investment, control of investment risk and defending one's financial safety, in order the public have correct views on money and investing.

Financial monitoring authorities can set implementation details according to this notice

Can the People's bank branches please distribute this Notice to financial organizations and payment organizations in their area. Any new situations or questions arising from this notice please report to the People's bank.

I feel like there is some real utility with this product - that alone makes it superior to 90% of the penny stocks floating around out there IMHO

No, I didn't get a chance to swing through there, as my plans suddenly changed.

WTF happened today?!?

I'm up 500% for the day, on this stock.

- TT

So, I'm going to be in PA the first week of August. I'm thinking about making an appointment to stop by the office and talk to someone. Is anyone in the Pittsburgh area already, or has anyone tried to visit the corporate office in person?

- TT

That's very difficult for me to read... :-/

Any buying is good buying, IMO

I just can't imagine trying to run a profitable business, knowing full well that not complying with SEC rules - or communicating with their stockholders, even - will wind up losing you the entire business...

I am miffed.

Thanks very much for the insight... Sounds like these guys really need to get their stuff together

I hate to sound ignorant, but what are the ramifications of something like this happening to MGQG?

- TT

http://deaftalkllc.com/

Why does this company - a small, in person sign-language company - have a much, much more impressive website than ours?

Just wondering.

I should have set up a short on this, early this morning....

It's price is pretty sickening, too.

lol.

Schwab won't even allow me to put in a market order.

I have to place limit, or no order at all.

- TT

News is out!

Hiring a firm to upgrade the website is, admittedly, something I (and I know a lot of others) thought of last year, but it's a great improvement!

- TT

I am really excited that this is on the move, again. In my opinion, the acquisition of a new CEO is going to help further things along quite a bit. New, experienced (hopefully, in public companies) blood in the company usually signals big changes, and compared to how this company has been running lately (at least from a shareholder's perspective), any change will hopefully be good change.

- TT

That's what I'm waiting for...

I got a small stake in - ready for steady gains all day!

It'd be sweet if those of us who lost money in Alto got reimbursed, at Klok's expense, for this terrible, misleading ordeal he put us through.

JMHO

- TT

This is, unfortunately, what I'm doing with my share, as well...

I don't want to sell it, because I don't think I have a scam stock, I think I have something super-legit that is currently, and unfortunately, mismanaged at the moment.

Doesn't seem like there is much else I can do until this stock starts to pick up again, whenever that will be.

- TT

Really?? I'm gonna collect myself and my thoughts and call Monday...

Out of the Army, got in a car accident (two broken legs, broken nose, shattered sinuses in my forehead), and am now moved back home, working on getting work and back into school. I've had a lot on my plate. But I'll give'em a ring on Monday.

- TT

Has anyone called Dave recently to find out what the hell is going on with our 'once a month' PR statements?

- TT

I surely hope not... I still have a lot of money to get out of this - not as much money as I put into it, unfortunately, but I'm hoping it will work out....

- TT

All this chatter - I hope we drive this thing to two dimes today

Stock Hideout put me onto this stock. Hoping it turns out well today.

I'm really anxious for these fins...