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peeved Ameritrade are very frindly and kind to interact with in my experience.
Heaven You need to be able to assess investment opportunities. I was unable to buy below $ 0.001 too. Even so, I have almost quintupled my invesrment.
Deaf Don't listen to self-serving traders who post to serve their own financial traders and who change their views accordingly. There may be some posters who do this here.
gcap.
I was not able to sell my shares by my broker uaing the normal way of doing in the USA. It was not possible to sell them using a limit. In the normal way I was expected to sell all my shares at once. Because I owned so many shares this would have depressed the pps a lot so I was able to sell my shares about 10-15 million at once on different days for å total sum of a bit more than 60,000 dollars. I later used Ameritrade to buy back a few million shares. The pps at one stage soared a bid above the pps bow. Gradually it moved down to whhiere it was recently. I lost some money by this. My impression is that Paul achieved nothing. I have no solution for your problem.
Penny2 The float is about 5 billion based on my impression over about 15 years.
Hold The float over 5 billion shares is not locked in a strict sense. But when more and more shareholders realize how stupid it has been to sell their shares more and more shareholders hold on to their shares as the pps soares and this limits the number of shares on the ask and the pps acts accordingly. The information about the company that is now available suggests that the pps may still have a long way to go.
Long I have mostly been in this stock from about 2008. The float and the O/S was even then roughly then the same as it is now. I actually owned almost one percent for the O/S for more than 10 years. When the stock came back from the dead many hundred thousand shares traded day after day. I know some source has stated that the float is about 500 million shares. There are I believe no other facts that support this disinformation. When the pps rose sharply not so long ago more than a billion shares traded.
silver
"there is NO WAY the float here is 5 billion....this trades like a 500 million floater". Nonsense. Quite recently more than a billion shares traded in one single day! A 500 million floater? Nonsense.
lovethatgreen Why are there more buyers than sellers today while a lot more shares were bought at the bid than at the ask yesterday? Your explanation is in a way correct but it is so shallow that it is obviousl
gosox Yes I remember those days. Today the pps tripled for some obscure reason. But the bid stays the same as before. I have looked upon this stock as more or less a bingo play. I have though assumed this is a real compny with moderate revenues. Perhaps that is too optimistic too?
Lovethatgreen I must admit it comes as a big surprise than the pps so far pops so much after the much slower rise yesterday. Are you able to explain why?
lovethatgreen You would increase your credibility if you change your character to become an honest person. You refer to an old post and you don't even present my statement correctly. You don't comment on my recent post suggesting that it would take good news to take the pps to $ 0.0050 today.
I think we would need a very big and profitable contract to reach $ 0.0050 on Wednesday.
renaissance As an investor and not a trader I see eye to eye with you.
Poseidon Hardly in my country. I had no no idea they were eaten by anybody.
down "I'm looking forward to a positive report for this quarter, and for the year, with earnings somewhere around .40- .45/ share for the quarter." That is very close to my guess for the third quarter. I agree that these shares look cheap. Nevertheless I sold my 2,000 shares about 3 weeks ago. I am up not much less than 100% in my new more risky investment. After having burnt my fingers in TMNA and TIO I will not recommend it to anybody.
Moreover, India appears to be a very dynamic country these days with a high growth rate. To me it seems very adcantageous to have strong links to india. China seems to be paling in comparison. The population is getting quite old. There now seem to be few big investment that make much financial sense any longer. There is a glut when it comes to housing with a lot of houses empty. There seem to be more railroad lines than what is financially sensible.
Pug That is a credible explanation why the pps of TMNA stayed pretty flat for a period while the pps of TIO soared. This caused me to sell shares in TIO to buy shares in TMNA, which turned out to be very stupid. I could have quintupled my investment in TIO.
Thanks for the information and a happy new year RD!
RD' I have the impression that Laxmi's optimism and confidence is now stronger than ever before. I assume there must be a reason for it.
Dear Laxmi,
I wish you and the people who work with you a very happy year too! I also thank you for your unflagging endeavor to reach your goals despite the strong headwinds you meet now and then.
learningthe truth The USA is a big exporter and Germany is a big importer of LNG.
I have read time and again that it happens by using Canadian brokers.
RD You aeem to have an extremely exciting futurhe ahead. I have another US investment that I have not mentioned before because I am uncertain whether that too is a scam like TIO which claimed to have a big substantial business modernising an aspect of farming by using smart phones for various purposes. SPZI which came back from the dead after more than 10 years generated a profit of about 60,000 dollars for me. Its new business venture failed and it became a shell once more. Suddenly the pps was up 10 times because of a reverse takeover by a Korean businessman named John Park who had several ongoing business. I bought 9 million shares - the O/S is around 5.6 billion. So far I am up about 130 in a few weeks. If the information John Park has publisned about his businesses is not false I think the pps could at least triple next year to more than one cent. That would mean about a 7-bagger for me.
RD Your numbers are awesome. I guess we will see in some months if there is a gap between projections and what happens.
I look forward to the LNG announcements with great interest.
Good question RD.
RD If the value of the tokens rises a good deal faster than the cash dividends some of us may have to start selling tokens to pay the taxes. This will be no problem if we can sell them for 10 dollars or more.
RD My assumption based on the impression I got was that the total cash dividend would stay the same at least this year at 25 cents per quater for all 9 verticals. I just made a quick calculation in my head based on the total value of the tokens I own in the verticals and the cash dividend that has been projected. I got the impression that this total value is about 100 times (when all tokens are valued at 10 dollars) the accumulated cash dividends over 12 months.
Dear Laxmi,
You write that you "have been busy working on Placement Memorandum with $10 as unit price ..." This makes me and I guess others curious as to what sort of units you refer to. I have done a bit of thinking regarding the value of the vertical tokens. Based on the projected cash dividends later this year and assuming a value of one dollaer for all the 9 sorts of tokens the cash transfers would seem to result in a dividend yield of about 10% per year, which is high. But if the value of each token is 10 dollars the dividend yield would be about 1%, which would seem very low compared to what is common in the stock market. Stocks seem to command very different valuations based on earnings per share net assets per share and future prospects among other things. Thus it seems very strange if all the 9 tokens are supposed to have a value of 10 dollars per token once the real business has started for all 9 of them.
uber Tongue-in-cheek?
RD I t hink more than 100 of rich Norwegians have moved to Switzerland after the last general election I think. To pay the wealth tax many of them have to sell shares. The gain realized will be taxed another 37.8 percent. It is a releif to me that the wealth th ax will just be based on 4 or 5 verticals. Cash dividends will provide sufficient cash to pay the tax I think.
RD I hope it will be 4 verticals. There is also a very good aspects of these being tokens. If they are tokens in relation to wealth tax they should be regarded as tokens in relation to income tax as well. That means that when they are sold a tax rate of 22% would apply which is a bit more than 50% of the tax rate for capital gains on stocks.
RD The implication of this would mean that I will have to save all the cash dividends for tax purposes. The cash dividends will be taxed too at a rate of either 37,8% or 22 % and the wealth tax would seem to be 1.1% x $ 10 x some 750,000 tokens.
Dear Laxmi,
I think this sounds like a very good idea. It will make this family of companies more easily recognized as related companies and therefore serve to make them more easily noticed in the community. I assume the word cow in itself provides postive feelings in India. In the rest of the world it will remind us of the importance of india for these companies and the origin of the family that created thise companies.
RD I have checked what seems to be the relevant information in Norway for tokens: "Finn markedsverdi for det du eide av virtuelle eiendeler" Find the market value of virtual assets. I guess that would be the tokens. I assume that would be the price at which they have been traded right before the turn of the year or earlier.
RD "Post# of 8581
$10 x 100,000 shares x 4 verticals x 1.1% wealth tax (Norway) = $44,000 tax. lol." I don't think discounted cashflow to present-day value is a relevant basis for wealth tax in Norway. I am uncertain what is.
RD I don`'t expecxt Laxmi to ADVISE me on valuations regarding my information to tax authorities. He cannot be exåected to be an expert on the regulations that apply imy country. But I think we are entitled to get some numbers such as net assets per share/token or the last prrice shares/tokens have changed hands in 2023 if such informtion is available. I would guess that it is only wealth tax that is relevant for me since there has been no case dividend so far. Or perhaps the tokens/shares in themselves could be construed as some sort of income since the price was so low? If that were to be the case I might be in trouble.
jdc You refer to somet hing else than I refer to. There is therefore no point in discussing the topic I broached.
Step by step Neither am I a day trader. I referred to day traders and not investors like us.