Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
He just said, "filings to date", he didn't say they weren't going to merge, just that they haven't filed yet, if they are indeed going to.
$33.00? Why?
If they start paying dividends, say $0.25, you'll only have to hold the stock 33 years to get your money back. ( and what fad social website will be here in 33 years? )
If it goes up a few bucks, you'll only recover your transaction fees.
The only real money would be if:
a). The stock sky rockets to $500 + per share.
b). You can afford to buy thousands of shares to make decent money on small gains.
c). Short the Stock.
Nice cityscape on the intraday chart!
Appreciate the art!
Perhaps it is just a gimmick to get a new respectable 52 week high, as the other high may be falling off the charts.
Every transaction is a buy.
Every transaction is a sell.
Those sneaky MM's!
Well, they just showed up in my account last week, but...
I was looking in my account history and it says they actually transferred on 12/30/2011. I don't know why it took so long to show up in my positions.
It is possible, I suppose, that others have received theirs as well, but it isn't showing on their front page.
Thanks for the date and other info.
I looked it up in Scottrade knowledge base, here is an excerpt:
"Convertible Preferred
The preferred shareholder can convert his shares into the common stock of the issuer based on a predetermined price. If the market price of the common rises, the convertible's perceived value is generally pushed up as well. The security may act more like a bond in its early years, and more like a stock later on. Some convertibles have a mandatory conversion into common stock on a specified date."
Anyone know what the predetermined price is?
YEA!!! I finally got my DiV shares of PTEL!!!!
Finally showing in my Scottrade account online anyway, whether they were there before or not, I don't know.
Does my 6 month timer start NOW, or has the timer been running?
"Its more or less toxic financing to companies that have no other method of raising capital."
I don't see that this company would have to resort to such measures, as they have plenty of daily volume, they could just release more shares to us instead of selling them at half off or worse. If the daily volume was nil, then you might have an argument, in my opinion.
I didn't say anything about the LOC. He asked how the price could possibly be lower, so I gave an example of how, that's all. I made no speculations, I gave no opinions.
Two for one, or 3:1 whatever. 2:1 would effectively lower the pps paid to .00005, and so on and so forth.
So, while we get 10 million shares for $1000.00 at .0001,
He could offer them 20 million per $1000.00.
If you list as "all or none", it doesn't necessarily get listed on lvl 2 for everyone to see.
Maybe he's the one buying up all these shares at .ooo1 and everyone is just giving them to him.
Shoot yourselves in the foot then say soemone else pulled the trigger...
Stop selling.
Lets see what the price will be without the CEO hamstringing us! :D
I am a neophyte when it comes to trading. I have never short sold.
My account is cash only. I believe you need $25-50k in your account ( with my broker ) to even be eligible for setting up a margin account.
It is my understanding though ( and I may be wrong ), that when you short sell, you are selling shares that you don't actually own. You are required to buy those shares at the end of the day, so there isn't a share inbalance.
So, if you sold @ $1.00, for example, then the shares closed @ $.9, you are required to purchase them at $.9. You already sold @ $1.00, so you made ten cents per share.
It is more risky than cash accounts, which is why brokers require someone with money to do it. If the shares closed @$1.10, and you had to buy at end of day, you're losing ten cents per share, and that would have to come out of your account.
Short sellers will not only short sell, but they'll actively purchase on the bid all day to try to keep the price lower than what they sold for. And they'll post on message boards all day trying to discourage you and get you to sell on the bid.
You need a Margin Account with your broker.
It is more risky than trading from a Cash account, as you'll be borrowing money from the broker to trade instead of just your cash on hand.
Yeah....just need someone with $25k to hit the ask!
Or... someone needs to sell $1.00 worth to go back to 1's and 2's.
If you owned the shares at Market close on the 6th, then yes, you'll receive the PTEL shares, and you are free to sell your shares now.
Be sure to sell them to me @ .0001, I'll laugh all the way to the bank!
Lucky us!
BUY BUY BUY!!!!
This is the IDEAL price that anyone wants to pay for ANY stock!
I want GOOG @ .0001 !!!! :D
Where are the flippers now?!? These are ideal conditions!
Buy $10,000 worth @ .0001 and make $10,000 selling @ .0002!
Why all the panic? This is the true investors DREAM!
Do you REALLY believe it will never tick to .0002 again?!?
Why aren't you BUYING?!?! Oh, that's right, you're "stuck" in your shares that you bought @ .0003 - .0005! Buy MORE!
We will not receive ENTI shares.
It was a 2:1 split, but instead of doubling your ENTI shares, we got PTEL shares instead.
You have to multiply the BxA size by 100 to get share count.
1,700,000 x 100 = 170,000,000 shares.
We are supposed ot get our PTEL shares on the 20th of this month.
The price of the shares ( the value ), is whatever the value is on that date.
We are restricted from selling the shares ( of PTEL ) until 6 months later. If the price is anywhere near what it is currently, in 6 months, you'll make $10,000.00 per 1 million shares owned. ( assuming you can sell that many - liquidity of shares ).
I think I'll hold onto it for at least 6 months, and compare against PTEL when I can trade it... then, one may have to go.
They could have bought in @ .0002, and they can sell @ .0002. Their only loss would be broker fees, and the gain of PTEL shares would offset that loss easily.
I'm guessing you bought @ .0003 or .0004 and are "stuck" with them.
You know how the pps swings with news, just wait until it swings back up to .0005 + and move on.
If that's true, they could at least wait until the end of day when the price is most likely to spike as the "dummies" try to buy it up. ;)
I use Scottrade.
I put in a bogus sell price just to see if it was locked.
It will not let me put in 1 cent, as that price is too far ahead of the current price ( and the share is less than $10.00 ).
It did let me put in .001, which I promptly cancelled! :D
Just gonna have to babysit the stock and manually enter sell when it is time to sell I guess, if it will not let us enter in desired sell price now.
"Ptel is down 40+% and it should go much lower before we get our shares. Could this be a scam? LOL"
That's silly talk. It would be a smart move for anyone long on PTEL to SELL ALL their shares!!!
Imagine if you will... someone who has 1 million shares of PTEL @ the now .0068 = $6800.00. Sell it all and buy 1 million shares of ENTI @ .0002 for $200.00... pocket the $6600.00, get your 1 million PTEL shares back, and have another 1 million shares of ENTI.
Who would be buying PTEL right now? Only flippers. They don't want to be under the 6 month restriction, so they could flip it during the 6 months.
It's not a scam, it's just inevitable as people sell high and buy low.
Really... such complainers!
Why does anyone buy a stock? Because they think it is undervalued!
If everyone REALLY thinks it is undervalued in the .04 - .10 range, then why the complaining? Sounds like a bunch of flippers upset that their money is tied up and they can't continue flipping. If you bought at .02 or you bought at .08, it doesn't matter, when the projected value, imo is at LEAST $5 per share down the road... a few cents wont really matter at that point, if you were able to buy all the shares you wanted.
I do expect there to be pull backs along the way, like at the $1.00 mark, I see alot of sell offs as people want to 'lock in' their profits, so the price may drop back to .75 or .80 for a moment ( another flip opportunity ).
If you cannot handle the day to day fluxuation, maybe the message board isn't for you... if you're done buying, set an alert to your mobile or e-mail so you'll know when the price hits .50, then log back in. ;)
I use Scottrade, I haven't had any issues with them yet. ( But I am rather new to trading... give it time ;) ).
$7 per trade regularly and $7 + 1/2% if shares below $1.00.
Would cost you about $13.00 to buy 3 million shares.
The only way you'll lose on this deal is if the company folds and the shares become worthless. If you bought anywhere between .0002 - .0005, I don't see you losing anything, in fact, when the other shares come off restriction in six months ( when the markets typically pick up ), you'll be sitting on several millions of shares. You just can't flip right now, you have to wait the six months.
Now, you can buy MORE than you intended, and sell off the excess at record date, and recover your entire investment... now you have millions of free shares. ( I assume record date will have pps spike as everyone tries to get in ).