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Does this stock have a pulse? Maybe they'll come out and let us know.
03
The Sole Director of the Company on August 24, 2012, adopted a resolution unanimously approving and recommending to the Company's stockholders for their approval an amendment to the Company's Articles of Incorporation to increase the authorized number of shares of common stock from 100,000,000 shares, par value $.001 per share, to 1,000,000,000 shares, par value $.001 per share. The Sole Director recommends the proposed increase in the authorized number of shares of common stock to insure that a sufficient number of authorized and unissued shares is available for a 10-for-1 stock split also approved by the Sole Director. Neither the presently authorized shares of common stock nor the additional shares of common stock that may be authorized pursuant to the proposed amendment carry preemptive rights. The Company's authority to issue up to 10,000 shares of Preferred Stock, par value $.001 per share, would remain unchanged by the proposed amendment.
http://www.sec.gov/Archives/edgar/data/1136463/000114420412048377/v322588_pre14c.htm
Still not much going on with this stock. imo. I wouldn't personally buy this stock at current prices.
03
Yes Etrade told me the same thing a couple years ago. Actually TDA and a lot of the brokers wont take OTC transfers. Most of it is by discretion though. So if you have $250k cash and 20k worth of otc I bet they would take your transfers
Tried that with TDA. No dice :(
A reverse split is only mentioned here because it could be a possible senario (example: a financing entity requests a share reduction before funding for shares). But there are plenty of other senarios that could occur with this company.
I personally don't feel an r/s is coming. But that doesn't mean much. As my feeling about events have been wrong before.
I do understand what you are saying. It's been a long haul for some. Hopefully, forward events (or just orchestration with events being the excuse, imo) will have a positive effect on the sp soon.
Regards,
03
what the heck???
W(H)(H)(TEE)-chinese stock that does a f/s and trading over $2?
I knew there was a reason why I was staying away from those stocks. LOL
Although I must say, it sure looks like a lot of wash trades. But I could be wrong.
Regards,
03
As a general rule. I do not call companies. As time has told, it would not have made any difference. On second thought, would it have made me not want to buy?
Regards,
03
Hope so. Time will tell. It sure will be a lesson for me if the seemingly "too good to be true" senario comes to pass for Johnstone. Keep up the good work and stay on guard.
Regards,
03
Hypothetically, If AH does not do a reverse split (edit)(even though it might be best for the company) because of his holdings. Then is that a window to the mind of AH of how he views the rest of the shareholders? But to the contrary, his past may show that he is for the shareholders because of the previous reverse splits of his personal holdings?
Something else to think about. If CNYC is still indebted to the AH, could they at some point convert that debt into shares at much reduced prices? As you, I am not sure of restrictions with the tsx.
In my opinion, the whole economic downturn really slowed down the CNYC train. That is what I think this all really boils down to. Again, just an opinion.
Regards,
03
Excellent post. But quit raining on my "rain parade". LOL. Yes, maybe I will get caught up in one of these someday. It is my hope that you will do very well in the future. So much so that you will not even hesitate to give me a loan to feed my coffee addiction when I become pennyless in my future.
Regards,
03
You do make an excellent point for all to keep in mind. I am unsure of the tsx rules (edit)too. But if they would make some buys now (edit)(substantial ones of 100k+), that sure could be a positive sign. It could be that they see what we see with respect to the economy. And they are waiting for some clear signs of improvement. Just thinking out loud since there are many variables there.
Regards,
03
Wasn't there 2 reverse splits for CNYC when AH was the ceo? Also, didn't he hold some shares that he purchased using personal funds?
Let me know what you think since I only took a glance at the filings.
Thanks,
03
Nice job on all the dd you and others have done on this company. It sure sounds good. Unfortunately, I remain skeptical because of their decision to merge with a non-sec reporting company and therefore having less transparancy. Very disappointing to me.
However, what I feel will have no effect on the sp. If the $$'s are behind it, then you all could do very well. I wish you all luck while I watch.
Regards,
03
spj, I share your sentiment. This latest pr means nothing to me at the moment. Although is does make me think about the need for additional financing and the effects on commons in the future.
Thanks for your realistic approach to events. This sure helps newbie investors make a better decision as to making an investment in cnyc. Maybe one day.......
Regards,
03
hopefully he will stay true to his word. Yes, this does look good in some respects. I guess I'll have to wait and see how they orchestrate.
Thanks for the reply.
Regards,
03
I was thinking of the possibility of a reverse split, followed by a capital raise, and maybe onto a bigger exchange. Will they ever file financials with the sec? Or have I missed that somewhere? I'm just in the initial stages of looking into this company. I hope your intuition is right :)
03
I do hope this turns out well for you. It would be a great injection of cash for your future livestock and land purchases :)
Regards,
03
I agree. Anything can happen. I am just looking for statements of possible (non-sarcastic) scenarios that may not be favorable to current common holders.
Regards,
03
Are there any possible senarios that pose a risk to an investment in this stock?
Regards,
03
I hope cny(c) gets back up there for you someday soon Sir.
03
Imo, the statement "thin to .05" does not mean there are very few shares available. Honest and xperienced traders know that there could be a boatload of shares waiting to be sold despite what level 2 shows.
Regards,
03
I am hearing no aps play with yrtv. Other than entities pumping this stock. Besides, it would be outside their box.
I do not see anything substantial to warrant an investment here. Maybe a trade.
Regards,
03
News is the excuse. Orchestration is the substance. Selling of shares is the reason. Just an opinion.
It will not be surprising to me to see the O/S rise at a parabolic rate. Well, I guess it has already started imo. Good Luck.
Regards,
03
YTRV-how long will it take to get to subber status? And, will the o/s increase at a parabolic rate? Will history repeat? Time will tell.
03
I thought it was Premier Brands?
I guess the split is coming.
03
This stock is pretty stagnant. But it is not surprising.
03
Well, I thought the split was coming. But who would want to buy it at these prices anyway? Not me. LOL!
03
golong22,
Any sort of "puff' of news...the slightest wind, and this takes of like a hurricane!
Even news of further dilution? News of a reverse split?
I am not saying this will happen. Just listing possibilities.
Regards,
03
ICCGUY, I concur.
I would not put any weight at all on the fact that LQMT price is holding while the overall market is declining in determining whether or not it is time to "load".
Regards,
03
Are you assuming? Or is it just a query???
LOL!
Back to stealth mode....
03
Unfortunately, the steady decline over the last 9 months or so has shown, imo, that there is a lack of strength.
Regards,
03
Yes, a whole host of possibilities exist with this company and stock sp.
Regards,
03
I think the possibility exists for it to go lower. But I hope it doesn't.
Note: This is not a prediction.
Regards,
03
I like the idea about the warrants. Although I have my doubts it would be worth our trouble in the end. Just an opinion.
03
A reverse split is always a possibility in my opinion. While I am not saying a reverse split is likely or unlikely, I say that a reverse split cannot be totally dismissed. I can think of a few (or combination of) senarios where a reverse split could be enacted. Hopefully a reverse will not ever happen. But if it did, I would not be surprised.
With the markets the way they are, I am of the opinion that timelines may become extended.
In the end, as I say a lot (too much sometimes): Time will be the revealer.
Best of Luck,
03
I'm sure there is more than 60k shares available to .20. The proof would be in the buying. But I'm not a taker here.
Single digits a possibility? Well....that possibility has come to pass...unfortunately. Looks like some of the experts in CNYC that were touting this stock forgot to mention the downside risks. Still hoping for a rebound sometime this decade for all.
Regards,
03
I agree with that number as of the last 10K.
Regards,
03
Thanks for the clarification.
Regards,
03