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Nobody likes to see a R/S, but at this point I don't see an alternative. At .0001 the thing dabbles once in a while at .0002, but then quickly slips back again.
A split at 1,000 to 1 or 5,000 to 1 or x to 1 is just another roll of the dice. In any event, our chances after a split are slim and none. At present we're as good as dead, so they may as well go for it.
Any agreement or rebuttal is welcome.
Hound
LittleBrother, I'd be inclined to agree with you, except that I've seen repeated shorting throughout the OTC market. Irregardless of the shorters' methods, the SEC just doesn't have an adequate number of hound dogs to sniff them out and police them. Hence, they get away with what amounts to legalized debauchery by landing like fleas onto a host (penny stock) and counting on the probability that the host and true investors don't even know they're there . . . . until the stock host is fully engulfed by their flea infestation.
Really, li'l bro, like you I'd like to believe it ain't so, . . . . but too often it is.
Correction well taken, rwrf. But the big mystery is the fact that back on Dec. 14 Mistral announced that it would be expediting delivery of its product line, due to consumer demand. Curiously, from Dec. 15 to today's date the stock has now ended in the red for nine consecutive trading days, and it's slipping again on the tenth day.
This reveals why short selling was made illegal after the great depression. Years later it was once more legalized . . . . uh, . . . . to keep the market honest, so they say. Go figure.
No tellin', griuin. It's clearly been in the grip of the short sellers for a while. With products set to hit the street soon, it should rebound any day now, . . . . say like, . . . . weeks ago.
To add insult to injury, as the stock continues to drop, the percentage of loss increases. Granted, it's merely a psychological thing in a way, but the gurus will make hay out of it in one fashion or another.
My my. Is this yet another support line at .0107? Or just another blip in the freefall? Any minute now we should hear somebody encourage us to . . . Buy!Buy!Buy!
I suspect it'll be crunch time these next thirty days. Now that the hypesters have come and gone with their "up-by-such-and-such-by-tomorrow" mularkey, we'll soon have a chance to see what Mistral (or whatever its latest name is) is made of. Are they true entrepreneurs who are the real deal worthy of our investing dollars? Or are they just another bunch of well-heeled pickpockets?
Mid-January this time around, so we're told. We'll see. Ain't no hidin' after that.
Well, InvestorAlias, I think we have to differentiate a bounce from a bump.
Back on 12/8 and 12/9 the stock went from about .0111 up to a peak of .028, at which point I would suppose the vultures (inside or otherwise) moved in.
What we saw last Friday from about .0113 to .0140 was not a bounce, but a mere bump.
Last Wednesday and Thursday (12/7 and 12/8) we bottomed out at almost exactly the same spot [.0112 or so], which I'm guesstimating we can use as some sort of new support line. From there it shot up for about a day and a half, then drifted back down again on Friday (12/9).
This may or may not help to answer your question; perhaps .011 is a trigger point for buying. Wish I had a more concrete answer. Anyone else have better insight? I'm listening.
Well, Chetra, if they said the products will ship, for now we have to take that communique at face value, I guess. But something else caught my attention amid the hype from the company a few days ago: How and where are the products being sold? Do people get them at a CVS or a Walgreens? Or at a Wal-Mart or a Target? Or is Mistral going the direct selling route as did Amway and Shaklee?
Okay, they're shipping . . . . but to where? In the U.S. or overseas or both? Or are they marketing the products themselves online? Maybe they said, and if they did and I missed it, I apologize. I would simply like to know of a certainty, where is the point of sale?
I'm still on board, but we have to be realists, folks. When it comes to a meaningful bounce or upswing, anybody can talk the talk. And we've heard a boat load of that. But somewhere down the line the company has got to walk the walk, instead of sending out spokespersons who are constantly sending out flares of encouragement. Whether you're bearish or bullish on this thing, the bottom line is always positive numbers, not positive words. That's why Henry Ford had it right when he said nearly a century ago, "You cannot build a good reputation on what your are going to do."
Meaningful words written on message boards aren't worth a hill o' beans without meaningful numbers to back them up. Now, some of us are still believin' the numbers will begin heading north in the not too distant future, since the stochastics and MACD look favorable. But for now, the truth is that the bid and ask figures are getting lower day by day . . . . and so is the volume.
After yesterday's eye-popping press release (which may or may not be deceptive), we ended up .0015 from the day before. Upon seeing the PR many were waiting for with great anticipation, a close of .0155 from .0140 was the result. Really? Wow. Some bounce.
Golly jeepers, m1999, are you trying to imply that you're excited about something? Why are you holding back your zeal?
You optimists,
Fact is, some of us are still in not because of optimism, but because we'd lose our shirts if we left the dance early. We have two probabilities: slim and none. And none leaves a bitter aftertaste, so we're still here at the craps table.
Speaking of crap, how about stop trying to sell us more plastic bananas, okay? We see the handwriting on the wall: Either the company puts out some sincere good news and gets whatever its got into the hands of the public, or we continue down this slippery slope. As far as hype goes, turn out the lights. The party's over.
Fuyi, all along I've never doubted for a minute that there was one or more snakes in this wood pile. As long as the SEC tolerates George Soros wannabes, it's something we'll just have to watch out for and deal with. Be nice if we could just do our homework and hope we were playing with a 52-card deck, but that's yet another pipedream in a maze full o' nightmares. As for now, cooler heads need to prevail.
Rumors, rumors, and more rumors. And even though it's gettin' hot here in the kitchen, why sweat it or bail at this point? But then again, if you can't stand . . . .
All we can do is believe this skydiving act won't turn into a Roman candle.
Speaking of amateurs, I hate to admit it, but this doggone yoyo is making us all look like amateurs. What a goofy business.
And despite the familiar "you snooze you lose" consensus that governs the world these days, it wouldn't hurt if some sellers would take a bit of a snooze for a while. Forego the nickels 'n dime profits for now and we'll all see a nice gain in due course.
Well m1999 (and others), I must admire your undying optimism here. It seems to be contagious, which can be good news or bad depending on how the shorters and insiders respond. As with precious few other stocks these days, this baby won't bore us to tears, since it doesn't go for a first down via three yeards and a cloud of dust. I'm still holding, though sometimes I don't know why.
As for those who are critical of the company's R&D, I had experience on the inside of R&D for a few years (frankly quit because virtually all advertising is deceptive to one degree or another), and the truth is, almost all companies today consider advertising to be part of their R&D with 50% or more of all R&D consisting of advertising. Very few do actual product research on their own, because they consider it to be too expensive. So, whether MILV is a true manufacturing firm or merely a distributing company, the bottom line is: Do they have products that work and are they able to get them on store shelves? Our sick and crippled American public will buy anything new today on little more than hype and hope. Hence, if Mistral can get the goods in the hands of the public, the stock will eventually go up nicely.
At the end of the day, I have to say what Todd Beamer might have said, . . . . "Let's roll."
Looks like the insiders snuck to the front of the line, cashed in, and took a piece of their own pie while the thing was still in the oven. Too bad. If so, this is yet another example of corporate greed in America. It bottomed out at just above .01 as I thought and said it would.
Mistral was in the process of a really nice run. If only hot shots would be patient, they'd do even better. We could still launch another moon shot before day's end, but you have to wonder. Are the insiders buying back in now only to repeat themselves amidst another run while treating us outsiders as collateral damage once more? What say you?
Buy, you say? Let's see now. This will make 17 straight days of either stagnation or slippage. Makes you wonder if some at their desks and conference tables finished their inside trading weeks ago and are now just watching from the sidelines while we investors are stuck with the bag.
I'm still holding fast to my belief back on 12/2 that we'll bottom out at about .01, whereupon someone on the inside will hear an alarm sound. Still, you have to wonder at this stage, does this chute have a ripcord on it?
One would suppose that without another positive PR, insiders will wake up too late to suddenly realize that without investors, you don't have a company. Hello, in there. Is anybody home?
Anybody notice the chart pattern over the last two months? One of the strangest set of candlesticks I've ever seen. From 10/10 to 11/6 you see one pattern. Then on 11/7 it tanked. Then from 11/10 to yesterday (12/5) we see an almost exact duplicate of the first pattern. Let's hope it doesn't continue to mirror the first; if it does, RAYS is in for another temporary free fall.
The last RS I know of was Friday, October 7. Went from .0001 to .0500, or 500 to 1. Naturally, it slipped from there.
Yes, I know this company is somewhat suspect, but despite all the negatives flying around it, when you consider the nature of its business, I would think it should bottom out at a support line of no less than a penny at worst, and then rebuild from there.
Relax, people. Relax. In a little while Europe will blow up, Benny and the Inkjets will come to their rescue, and the hot shots will abandon the big boards to come here and buy this tub (provided they don't read our wonderul insights first).
And then all will be well as life makes sense once again.
Ooops. Did someone just buy with the decimal point in the wrong place? Wouldn't itta been nice if it had been the real deal?
This lead balloon has really become a sad commentary, hasn't it? With such a crying need and an ever-increasing demand for cyber security, companies like this should have been rolling in profits. One has to wonder if Evans et al have even once looked hard in the mirror and considered just how badly they've missed it. LGTT talks, talks, and talks. But as Henry Ford once said quite accurately, "You cannot build a good reputation on what you are going to do."
And this bunch clearly hasn't followed through.
As a two-year trader I could throw around my own analytical two cents here as many are doing (most of which ain't worth more than two cents), but rather than dispense with that, let me say that we can all agree on one thing: This new kid on the block is one exciting player. It sure beats lookin' at GM or GE. Some like roller coasters and some don't, but no one gets bored riding one. So whether you're a bull or bear, you gotta admit this bugger's got your heart pumpin'.
Pavito,
Think you're a fool? Just as no one is successful until he sells for a profit, no one is foolish until he sells for a loss. I would ride it out if I were you. More than once I had it in mind to hold a stock for a few days or weeks, only to see them tank to a presumed 98+% loss. Not only was I seeing their respective worth at pennies on the dollar, I was literally seeing nothing but pennies in their values. Still, I held out, ignorant as I felt.
It took between nine and thirteen months for each of them to stabilize and regain value, but I sold both for a slim profit in due course. And as for experts at this game, there are none this side of heaven, nor will there ever be.
This is an amazing stock; it keeps talking from the grave. Another 100,000 shares bought and sold this morning, and according to its own press release from a month ago or so, LGTT theoretically doesn't even exist anymore.
What gives here? Am I in the twilight zone? I thought this thing was dead in the water and we were going to get SPFM shares 1:1 for the supposedly defunct LGTT ones? Now it just traded again for the first time in over two weeks.
mrjic (at al),
I assume this thing has been sent to the recycle bin by now. It hasn't traded since 10/10, two weeks ago.
And I agree, Evans said we'd receive SPFM shares when it went down. He wrote that and he signed it, show he should have to honor it. It's an integrity issue, Greg. What's yours worth?
I must have missed something along the way. Did this thing perform yet another R/S back on the 10th of this month? I saw no company press release or warning during the past couple weeks. In other words, am I the only one who doesn't know what's been going on here, if anything? It looks like a 1 for 100 split sometime between 10/4 and 10/10, even though my brokerage account shows no split having taken place.
Does anyone know for a fact whether this stock is DTC eligible? My broker says it might not be, which would cripple the company's business. None of us want to step on a land mine when we go to sell.
Makin,
You got me. No news from the company, and no press releases of any kind that I could find. No pump from any phony guru newsletters I've seen, either.
I cashed out at .21 and figured it would slip back from there. But look at this. Up to as high as .36 and holding its own at .27.
Either someone at Today's Alt. is doing something right or the P&D guys are really setting someone up for a Titanic voyage.
Is this good news? Or is this a neat little trap that's been set for the unsuspecting? Per my last post, TAEC has been going gangbusters; up to as high as .23, and currently at .17.
But my broker (Zecco) has indicated that horrendous fees may be attached to the sale of it, since it might not be DTC eligible. All I get from the broker is form letter responses to my inquiries, and their replies all go round in circles.
Is this DTC eligibility crap just another shell game between the DTC institution and various brokerage firms to lure investors in and then penalize them with outrageous fees when investors go to sell? I still don't know, but it kinda looks that way.
You buy in and there's no warning about DTC eligibility. But you go to sell and suddenly there's a warning that you might be snookered with a huge fee. I don't get it. Anyone have input on this matter? Has anyone sold successfully without incurring fees?
Does anyone know if TAEC is DTC Eligible? My list at Zecco says it wasn't when it R/S'd and then listed as TAECXZ. I need to know if I'll get zapped with a sucker punch fee after a trade. So far Today's Alt. hasn't responded to my e-mail.
Drumstick,
I agree with your assessment. It will now be interesting to see whether the mmj industry is made of patriots or sheeple.
A couple years ago Barry said in no uncertain terms that he would not target the medical marijuana industry for reprisal. Obviously, he lied. - - - - Again.
As usual, this administration has seen fit to trump states rights with federal gestapo tactics in order to garner votes. I'm not from or in California, but when this thing really comes to a head, I hope someone in authority there has grown a pair.
Belgian77,
For 1,000,000 shares of LGTT you'll likely get 2,000 of SPFM and that's all. But again, when your shares are posted is anybody's guess. For now we're stuck with the symbols of LGTT (which no longer means anything; it's just there), SPFMD (for 20 trading days, or about a month on the calendar), and the reorganization symbol of SPFMXZ (which means nothing to us if we go to buy more SPFM/SPFMD stock in the near future).
At this point one has to wonder if perhaps the updated and designated name for Hi-Tech Crime Solutions wasn't accurately named after all: Spoofem. Maybe the only people who were spoofed were us shareholders. We'll see soon enough.
To date my shares have not been posted, just as I suspected they wouldn't be. Has anyone else's been posted yet?
Getmo,
I'm not disputing your take on the "D" and the prevention of shorting. I'm only saying that an agent intervenes and the parties on the other side decide when to post the shares. Granted, we'll get 1 from 500 out of the deal, but if the stock drops during that time, we go from the toilet to the sewer.
I once saw a stock of mine R/S, and after the point of split the thing shot up, at which point my shares would have gone from loser to break even. But I couldn't trade what wasn't released by the agent, so when my shares were finally posted, the stock had dropped at terminal velocity.
The broker does nothing till the shares are released, so in a situation like this with four parties involved (broker, company, agent, trader), the trader has no friends. At least that's my experience. Anyone have corrective input for me? I'm listening. Hopeful, but not terribly optimistic.
Well guys,
This whole shootin' match is so screwy and tricky that at the end of the day I'd be pleasantly surprised if we didn't see Murphy's Law in full force mode: "Anything that can . . . . "