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That's not how a reverse split works. Per your example
1000000sh X .10 = 100,000 dollars
R/S 1:10
100000sh X 1.00 = 100,000 dollars
The value of the stock actually goes up in relation to the split amount so the overall value remains the same.
The reason value goes down after a R/S is because a great deal of times after a R/S happens dumping occurs, as it is perceived veryh negatively by many investors. It will only maintain it's value if the perceived value of the stock in question is where it is trading.
http://www.investopedia.com/terms/r/reversesplit.asp#axzz1QZu98sNX
SNDY has plenty of potential, even after a R/S, you just have to know when to play and when to fold.
Most expensive bag of krill I ever bought :-P
Man did I read this one BAD. Oh well, maybe if they do a R/S we'll at least be able to sell at a loss. Lucky my other plays countered this one.
And that fits the time frame of about 6 months I believe you and others have posted that Steve told you. Everybody just needs to hold tight and have a nice Chimay Blue Grand Reserve like I'm doin' :)
Because it's a friday and we should be happy we own this stock.
GATE is exchanging their "units" for AGEL common stock per the 10-Q, section titled NOTE 14 – SIGNIFICANT EVENTS.
That was on 05-24-10, a year ago.
Sorry for any negative connotations that may have come with that post, I didn't mean that at all. I did see as of March it was 350, but the first thing you see in bold was the 950, which contradicts the other number.
It shocked me as I wasn't expecting to see it, and gave me pause, so I posted it because I hadn't seen a link yet for it on here. I want this stock to succeed as much as anybody here. I mostly lurk on these boards and only post when I come across info that I think may be helpful, sorry if it wasn't.
Per this May 5th statement:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=50936
They have:
950,000,000 Common Shares Authorized (not the 300M commonly believed)
110,305,793 Shares Issued and Outstanding
38,656,293 Freely trading shares
What happens with Gate Impact will ultimately have an effect on AGEL. As per the original press release "Angels in Action will serve as the microfinance stage for GATE Impact US. The GATEway platform will ultimately facilitate Impact Investing and Microfinance in the US market". I've also seen other articles mention AIA in conjuntion with the global side.
Also "Once AIA is integrated into GATE Global Impact’s trading platform, known as GATEway, companies will have the opportunity to grow beyond their initial funding stages while maintaining their social mission. As such, GATE’s acquisition enables entrepreneurs to access leading Impact investors".
When I emailed AGEL, I inquired directly about the AIA portal and it's status. I was informed that there would be regular updates and improvements to the site coming soon, and "the company would look to post news in the near term"...whatever that means :)
I think this gives enough of an outline to tide me over. Anything else may hurt what they are trying to build. Stocks are always speculation, and we can't get insider information that would give us an edge over others.
Now there is a lot of stuff that Gate is doing that won't necessarily affect AGEL at all. BUT, being part of the platform will hopefully give AIA the much needed exposure it needs to get off the ground.
I for one don't think there will be a R/M anytime soon, but I'll jump up and down like a mad kangaroo if it eventually happens. Once AIA actually gets integrated into the platform, however that works out, I think we will hear news and the pps will creep. Slow and steady growth seems like the plan. Just remember, it's only been 2 months, and that really isn't that much time to build anything worthwhile. If your lookin' for random PRs to pump things up, it's not gonna happen.
Penny stocks like this are usually flipper land and honestly if we can get all the flippers out that's fine with me. What I worry about is all the people that will sell at 2, not letting the stock actually grow. My money isn't going anywhere for a while.
Not bad, still up >100% since the last pull back last week @ .08. I was expecting this today. Up, Up Up, Down...Up, Up, Up, Down. Hopefully tomorrow will send us up again in a new cycle.
I can only dream :) I've been accumulating since march and I probably own more of AGEL than is prudent at this point. I'm pretty much gonna let all of it ride until I have to sell it. I have a feeling it going to be one of the only penny stocks that will be worthwhile to hold onto and go long with.
I'm just betting that somebody running a trading engine based on transparency is going to do anything shady with a company he's the chairman of...I hope.
http://www.globenewswire.com/newsroom/news.html?d=221658
Just came across this, looks like it came out this morning and didn't see it posted.
http://www.otcmarkets.com/stock/AGEL/quote real time L2 quote montage.
Most of it was buys...
Molinari's Webinar from April 5, "The Secondary Market for Private Shares: Impacts on Investors, Intermediaries and Issuers". You may have to let a java plugin install itself if you don't have it already in order to view it. It's about 1.5 hours long, so you may want to grab a cup of coffee if you want to watch it :)
"https://dealflow.webex.com/ec0605lc/eventcenter/recording/recordAction.do?theAction=poprecord&actname=%2Feventcenter%2Fframe%2Fg.do&actappname=ec0605lc&renewticket=0&renewticket=0&apiname=lsr.php&entappname=url0107lc&needFilter=false&&isurlact=true&rID=3464577&entactname=%2FnbrRecordingURL.do&rKey=d836cbeacb4916b2&recordID=3464577&siteurl=dealflow&rnd=3583389615&SP=EC&AT=pb&format=short"
3.5M in new funding for Gate Technologies to expand its market infrastructure, of which AIA (AGEL) is/will be part of.
http://www.marketwire.com/press-release/john-pappajohn-leads-new-funding-for-gate-technologies-joins-board-1504968.htm
http://europe.socialcapitalmarkets.net/2011/04/a-big-gate-looms-on-the-horizon
Interesting quote from about 2/3 down, right after the couple paragraphs on Angels In Action.
"Due to launch at the end of May, perhaps in time for SOCAP/Europe, GATE is well capitalized and moving fast in a land grab."
Could somebody delete my last duplicate post? I accidentally hit submit twice...sorry.
Big shout out to everybody who sold today
THANK YOU for the 40M shares! :)
Go AGEL!
Last years 10-K is verbatim in a lot of the sections. Like tekkysurf said, a lot of what is contained therein is just 10-k verbiage and not much should be read into it. There's a couple interesting things but not much.
It's exactly what I expected out of this 10-K. It's not a PR, and not meant to be a substitute for one, just a necessary filing with the SEC.
Go AGEL, I'm looong :)
I'm with you, I bought 2s last Friday with the same idea, picked more up today. This thing needs to move :)