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Collegekid, yes you can trade pink.
No idea on Bid ask.
GMDP, Something to consider.
The event that got GMDP moving was the the 8-K they filed detailing the agreement with Redwood.
That agreement is suposed to pay holders of GMDP stock a dividend of Redwood stock = to about $0.013/share. The thing to consider is this is a one time event and after that divdend is payed, the stock is the same GMDP as before this agreement.
So my thinking is that if you figure what you can sell your GMDP for after the dividend payment + the dividend = the max amount you would want to buy if for.
So if you look at the chart, looks like is was sitting at about
.0025 ~ .0030 before it started to move. Add .013 to that and you get about its current trading price. 0.015.
Now this assumes you can sell your redwood shares for .013 and your GMDP for .0025.
Also, assumes there will be no more news of other events.
Just something to consider when looking at buyig this stock..
Dont know if this assesment is valid or not, but make sense to me anyway.. JMO. Take care all.
GMDP, Something to consider.
The event that got GMDP moving was the the 8-K they filed detailing the agreement with Redwood.
That agreement is suposed to pay holders of GMDP stock a dividend of Redwood stock = to about $0.013/share. The thing to consider is this is a one time event and after that divdend is payed, the stock is the same GMDP as before this agreement.
So my thinking is that if you figure what you can sell your GMDP for after the dividend payment + the dividend = the max amount you would want to buy if for.
So if you look at the chart, looks like is was sitting at about
.0025 ~ .0030 before it started to move. Add .013 to that and you get about its current trading price. 0.015.
Now this assumes you can sell your redwood shares for .013 and your GMDP for .0025.
Also, assumes there will be no more news of other events.
Just something to consider when looking at buyig this stock..
Dont know if this assesment is valid or not, but make sense to me anyway.. JMO. Take care all.
ADVR, I dont get it..
Isn't this good news?
Some one please explain.
Thanks
PS.. big buys going through at ask right now at .172
GTEL. Also 50% RULE !!
Pinky,GMDP,breaking ??
Checked out the 8-k ..I think I am right.. about GMDP share holders keeping there GMDP shares and getting New shars of redwood worth $0.013 !!!
Here is a part of it, but check it out for your self. See if you agree. If this is the case, then this would be a 165% yield to firdays closing price of $.008, at $.10 this would still be a 13% yield. Am I missing something? looking for opinions. Thanks
(From the 8-k filed on 1/20/04)
3. ESSENTIAL PURPOSE OF TRANSACTION. The essential purpose of the transaction set out in this Agreement is to accomplish the distribution of certain shares of Redwood by Global, in two classes of stock, namely: twelve percent (12%) of the Redwood Class A stock as a dividend to the preferred shareholders of Global, and fifteen percent (15%) of the Redwood Class B stock as a dividend to the common shareholders of Global (in accordance with procedures set out below in this Agreement), thereby rendering Redwood a publicly held company, in exchange for the use of Global's shareholder list.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687%2D04%2D000102%2Etxt&FilePath...
stock_hippie, Good advice.
Also Omni's advice.. If your not sure, sell half.
I seem to have forgotten this one on friday.
Got in USCI Thursday at .0017..
This post should read " How to turn a 60% gainer into a 15% loss"
Was saying to my self "Sell half at the open, sell half at the open ..." Got distracted, didnt sell half at the open, saw the price going down, paniced, tried to sell it all, hit the Market sell vs the limit sell by accident..(was also trying to talk on the phone at the same time) Trade went off at .0015.!!!
Prime example of what NOT to do.. LOL..Oh well.
I will not make that mistake again.
Thanks for the advice.
GMDP One more thing from the 8-k..
"
The agreement is that "Redwood" would retain "Global" for access to "Global's" shareholder base. Global would assist Redwood in the preparation of all documents necessary for the registration of "Redwood" to become a publicly traded entity. Redwood would issue to "Global" 12 per cent of its Class A Stock and 15 per cent of its Class B Stock for such use and services as rendered. Upon the completion of the registration with the Securities and Exchange Commission, "Global" would then issue to the common shareholders of Global a stock dividend in the form of Redwood Securities Group Class B Shares. The Class A Shares would be issued to the Preferred shareholders of "Global". "
15% of Redwood Class B stock goes to the holders of GMDP common shares thereby rendering Redwood a publicly held company, in exchange for the use of Global's shareholder list.
So they way I read it is that they are dividing up 15% of Redwood stock and giving it to the common holders of GMDP.
The value of that 15% of Redwood, divided by the # of outstanding common shares of GMDP = about .013/share.
Back to my original point.. With GMDP at .008 this is a 162.5% yield.. This thing should skyrocket up to the ex dividend date I would think ?
GMDP.. One more and I'm done.
I guess the question is when is the dividend of stock of redwood to be paid. Anyone know how that works ?
If it was for shareholders of record before today, then those buying today wont see any dividend right ?
Hmmm...
More info on GMDP..
Checked out the 8-k ..I think I am right.. about GMDP share holders keeping there GMDP shares and getting New shars of redwood worth $0.013 !!!
Here is a part of it, but check it out for your self. See if you agree.
(From the 8-k filed on 1/20/04)
3. ESSENTIAL PURPOSE OF TRANSACTION. The essential purpose of the transaction set out in this Agreement is to accomplish the distribution of certain shares of Redwood by Global, in two classes of stock, namely: twelve percent (12%) of the Redwood Class A stock as a dividend to the preferred shareholders of Global, and fifteen percent (15%) of the Redwood Class B stock as a dividend to the common shareholders of Global (in accordance with procedures set out below in this Agreement), thereby rendering Redwood a publicly held company, in exchange for the use of Global's shareholder list.
"4. REPRESENTATIONS AND OBLIGATIONS OF REDWOOD. Redwood, in the context of this Agreement, makes the following representations:
a. It is a privately-held California corporation in good standing.
b. It has tendered to Global three years of financial statements, certified under GAAP accounting principles by an independent and qualified certified public accountant, and a copy of a recently filed Focus Report filed with the NASD.
c. It has the power, ability and willingness to timely perform whatever acts and deeds are required in order to accomplish the objectives of this Agreement, included, but not limited to amending its Articles of Incorporation, its Bylaws, and/or any other documents of charter or operation, to include an issue of Class A shares, which shall remain non-dilutive, and where the majority of such Class A shares, as a unit, will represent fifty-one percent (51%) of the total voting power of the Company.
d. It has the power, ability and willingness to timely amend its Articles of Incorporation to increase its authorized Class B shares to 50 million shares, so that the proposed issued and outstanding number of shares of both classes will equal 20 million shares.
e. It will cause to be issued, and transfer to Global's shareholders, that number of shares of the Class A stock to represent 12% of Redwood's Class A stock.
f. It will cause to be issued, and transfer to Global's shareholders, that number of shares of the Class B stock to represent 15% of Redwood's Class B stock.
g. It will cause the Class A stock to be issued with the following conditions: that its total shares be non-dilutive; that it will always represent 51% (control) of the voting power of Redwood; and, that any shareholder of Class A stock may at any time convert such Class A stock into Class B stock at a ratio of one share of Class A stock may be converted to one-and-a-half shares of Class B stock.
h. It will timely retain and utilize the services of Global's stock transfer agent, namely, Interstate Transfer Company, Salt Lake City, Utah.
i. In order to carry out the provisions, terms and conditions of this Agreement, it will timely act or cause all necessary transactions required by its Board of Directors and its management
Hmmmmm.. this could be huge ?
Looking for someone elses opinion here. Thanks
Thoughts on GMDP...
Was thinking about this.
From the news today..
"Paraphrasing the agreement, Global Medical Products Holdings, Inc. will assist Redwood in their efforts to become a public company by allowing the use of the Global Medical Products Holdings, Inc. shareholder base. For such use Global Medical Products Holdings, Inc. shareholders will be compensated with stock in the publicly traded Redwood Securities Group. The approximate value to the shareholders of Global Medical Products Holdings, Inc. is $0.013 per Global Medical Products Holdings, Inc. common share. "
So does this mean the the shares of GMDP will be cancled and replaced with shares of Redwood worth 0.013 per share ?
Or does this mean that we keep our GMDP shares and also get shares of Redwood worth 0.013 per share.?
If the second sinareo is the case, then GMDP shares should be worth close to 0.10 or so.. here is why.
Lets say you buy 1000.00 dollars worth at say .01 (not there yet, but just for example) you would have 100,000 shares.
Then you would receive 100,000 x .013 = 1300.00 and still have your 100,000 shares. Thats over 100% return on your money.
If you had 10,000 shares at .10, you would receive 10,000 x .013 = 130.00 or about 13% return on your 1000.00
Does this make sense ?
Maybe I am over thingking this..
Thanks Art for the info and DD..
I was in from yesterday at .0017,
Was planing on selling half at the open, to ride free shares,
got side tracked, then tried to sell some when it started down,
messed up and pushed the Market sell vs the LIMit sell.
Opppsss... See the low of the day.. That was me :(
Got screwed big time.. Oh well.
Got in GMDP at .0055 and out at .0085 so made some back.
Got back in today on Arts interesting info.
Wishing us all good fortune.
Might want to watch for a bounce off the 10 DMA..??
Looks like that would occur at about .42 ish. I think if it breaks that, next stop is 32 DMA and support from the last break at about .30 ish. which would be a hec of a retracement, but it also already broke the 50% Fib point at .50 which is not a great sign either.
Last time it ran it looks like it bounced of the 64 DMA for what its worth..
VWPT Anyone think it hs potential?
Looks like MACD has been consolidating at about 0
OBV is in a up trend
Stoch's look good, just crossed 200 DMA, is above the 32DMA
and just had some news to drive it.
Thanks for your input.
RDXM just broke .13 .135 x .14 em
toys450, also maybe it is the way I trade.
I work during the day, so I tend to look for something at lunch time and at various times during the day, then hold over night and sell the next day or day after. If you hold overnight it is not considered a day trade. Anyway, best bet is to talk to someone at broker. Good luck.
toys450,
Hmmm.. well I have ameritrade, and had the same type problem, but they told me to set it up as a margin account.. And no problems since. Maybe it is all in how the brokers interpert the daytrading rule.
toys450 RE:Etrade
Toys, if you didnt get a reply, just set up your account as a margin account and you can trade the cash balance all day.
BCON starting to move again 1.31 x 1.32
Question for the PRO's:
Hi guys and gals. First of all, just wanted to say thanks for this board. It is great, I have learned so much from all of you here in the last couple of months. You are wonderful people for giving so much of your time and talents.
The question is what do feel is a average month percentage wise for you. Not good not bad, but just average.
I am trying to put together my plans and would like some sort of idea of what to shoot for.
Thanks again.
Steve P
OMNI, ADVC showing 800000 trade at .024 !!!
LOL.. some one got screwed or were in the money.
Still holding ? or did you sell on the last run to .003
Thanks
GTEL ??
Looks to me like it has to hold .09.
Any thoughts on this and where it might go.
Got caught today. Bought some looking for a bounce at .11
Had to go away for a bit, came back and WHAM !!.
Thanks.
In NEOM @ .157 EOM
IDNW Huge buys going through.
PGHI,? Any one still holding?
Any thoughts on price target ?
Thanks
bagheera tax question part II
You can claim up to $3000 a year in losses..
They is based on your net loss for the year, not on each trade you made..
If your end of year net loss was more than $3000, then what ever amount was over $3000 would carry over into next year.
So for example if at the end of the year your total gains minus total loss was a loss of $4500, you would write off the 3000 and carry 1500 over into next year.
Lets say next year you total gain minus loss was a positive $2000
Your taxable gain would be $2000 - $1500 = 500 because you had that $1500 carry over from last year.
bagheera, tax question.
At the end of the year, you add up your short term gains, and subtract the short term loss. Add up longterm gain and subtract long term loss. The reason you do it seperate is because short term and long term are taxed at different rates.
So in your example, assuming the 25K gain was short term, and the loss was short term.. The net gain for the year = 0 So no taxes.
If you were paying quarterly, and already paid taxes on the 25k gain, then later lost it, you would be due a refund of the taxes paid because at the end of the year, your net gain is still 0. Quarterly taxes are just a way for the GOvt. to get their money sooner. Insted of one lump sum at the end of the year.
Not really any different then income tax withholding.
At the end of the year, you figure out how much you owe. If you paid to much, you get a refund.