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My man, Ecomike! You've been here since this was a no volume penny trading around .20, pre - R/S, LOL. Congrats, bro! I stopped in here to see if you were still here. Nice job!
That certainly looks like a green shoe clause to me.
I do think it's quite possible that this will go lower, only because people think they are getting a big deal and a discount on APDN right now (like me), and then all it takes is support to drop and another wave of selling comes in and takes it down further. MAXM is selling away and quite possibly shorting as well at 2.75. I'm keeping a close eye on him and a tight stop. I normally don't try to pick bottoms, but damn if this doesn't look like some good long-term support on the chart. It doesn't take a math genius to figure out that $9M worth of shares have not been sold yet though!
I'll be honest, I'm in this for a swing play and will be out before earnings. I'm not an investor, just a trader. I'm doing a little bottom fishing here with a tight stop on my $2.70 shares. I will not hesitate to get out if it starts to look bad. APDN has always been on my radar, and probably always will be.
That being said, the 2.70 bid is getting a bit stronger! However, as long as MAXM is on the offer at 2.75 with Lord knows how many shares he really has to offer, this is going nowhere fast.
Hey Mike. Still seems to be some decent support around 2.65-2.70. Sellers want at least 2.75 for their shares it seems. This could just be a temporary bottom before another selloff, but I hope not. You would think after a 50% drop in a few days, we could get at least a small bounce!
Price action is not good, but support seems to be holding so far. I actually think this goes lower before recovering now...sorry I bought back in already. This could go to low $2s or slightly under before a rebound. That 2.74 bid was getting pretty slim by the end of the day, and below that it looks like significant room to the downside is possible. That being said, I hope the bottom has been put in!
Looks like a base could be forming here around 2.70-2.75. I think this is capitulation volume, personally, and a quick bounce to $4 will happen fairly soon.
Well, I am now once again an APDN shareholder! Can't ignore this volume. Hope it doesn't go under $2 now that I bought it, LOL.
LOL! That has ZERO to do with the stock price. If you want to short, you must have $2.50/share equity in your account to do so.
Hey mcsharkey! I'm still lurking around here, even though my mod privileges were rightly revoked. I'm watching the saga unfold, and I kind of like what I see. The R/S is a very positive thing for APDN, I believe, and necessary. There were just way too many shares outstanding! Also, super glad to see that the A/S was reduced as well. If Hayward does what he says, and I think he will, he wants APDN on the big boards. The revenues are looking better and better, although still not what everyone was expecting I think. Only a matter of time now. I'm going to be watching for a nice dip to buy from panic sellers tomorrow that think a R/S is automatically bad for any penny stock.
Good luck everyone! Hold on tight...I think the ride is about to begin!
I see this just got certified OTCQB:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=123003&utm_source=twitterfeed&utm_medium=twitter
Keeping it on watch!
That's not true...there is another option. Sell. You are never stuck. Taking a loss sucks, but there is no reason to ride this back down to .0001.
Man, I had a volume alert set for this pig, and was alerted when the stock was trading low-mid .20s. I sat there and watched it for a little while, put a bid in that wasn't filled, pulled it because I had to go out, and then came back and saw that parabolic move. Crazy that I could have had .23 on the offer! Oh well. Had no daytrades left anyways, so couldn't have sold it without going to PDT jail, lol.
DNAX was pumped late last year into early this year by Small Cap Financial Wire (SCFW). I don't even remember subscribing to their emails, but they never brought in much volume. Here's a copy of the disclaimer, followed by a link:
SCFW and or its affiliates have been compensated five thousand dollars a month and fifty thousand restricted shares a month which have since been sold from dna Beverage for a eight month agreement; this agreement has expired. Dna Beverage has compensated SCFW or its affiliates in a consulting agreement fifteen thousand dollars and two hundred and fifty thousand restricted shares which have been sold for a three month advertising which has since expired; Dna Brands has compensated SCFW and or its affiliates in a consulting agreement one hundred and fifty thousand restricted shares per month for a four month agreement with a renewal option of another three months which has expired.
http://www.smallcapfinancialwire.com/disclaimer/
OK, this is not good advice:
IF you have to WORK on FRIDAY-Here is a buying tip for fast buy execution-Place your order THIS EVENING and when the market opens your order will be executed. Put in an order 1 ticker OR 2 ticker higher than the ask and take out the seller's shares to fill your order quantity before the stock GAPS up and leaves you partially filled. Nothing worse than putting in an order on the ASK for let's say 3 million shares and only filling 10K shares while you watch others get filled as the stock rises. FOLKS PENNIES ON L2-$$$$$$$$$$$$$$$$$$$$
I saw one ad on the site. I hate how they sell into news on this stock though...picked up some .0009s anyways. Maybe they will lay off the dilution long enough for GDSM to run a little. Who knows.
Just a bounce. Probably goes to $25 or better Monday.
Lot of negativity on this board, LOL.
And MDDD just came off the greys back to OTCQB last week, but that is extremely rare. Sorry to those that lost here, I know it hurts...been there.
Well, it would cost them a whole lot more to stay on OTCQB than it would to just delist back to the pinks (like over $10K/yr). We'll see how dedicated he is to staying on OTCQB very soon. Should be an interesting development.
Yes, you are correct. This new rule of .01 minimum bid price only applies to OTCQB (which RFMK currently is). If RFMK wants to stay on OTCQB, they must either somehow miraculously get their share price back over .01 for 30 days, or do a R/S. The other option is to delist to the pink sheets again. I'm almost certain that they couldn't give a crap about what their stock trades at, just so long as they have bids to hammer. That leaves delisting to pinks or R/S as their 2 options.
I doubt that. But if it gets some real volume, like over 5M, this could run hard. 2M, like today, just isn't gonna cut it. Nice volume to start the day, but then it just dies.
http://www.otcmarkets.com/stock/STEV/short-sales
Excellent pattern recognition. I used to bank off of ORYN back when it traded decent volume (and TFER also) by buying towards the end of the day and selling in the first hour the next day. STEV follows that same pattern now. No sense in chasing it, and easy money to be made by following the pattern. I'm in at .262, and plan on selling at .30ish tomorrow.
When did this come off the greys? That is extremely rare! Considering how this has run in the past, I wouldn't be surprised to see it run yet again.
I always sell too early. I really try and stay away from the trips myself, and stick to the well-known weed stocks that trade high volume on a daily basis. Best of luck to everyone here, and I hope you all make a fortune! If the momo continues here and the chart and volume look good into the .00s, I'll probably play.
I'm very familiar with aquaponics, hydroponics, and many other horticultural practices, as I have a degree in horticulture. It's a fascinating field, and I love it. I was a greenhouse manager for a hydroponic herb farm here in TN a couple of years ago.
There are just so many penny stocks putting out these fake PRs about getting into the weed biz, it cracks me up. Whatever sells shares, I guess, LOL. And HIMR has lots of shares to sell!
The joke is that HIMR will actually benefit financially from this in any way. This may go up some more, but it will be right back at .0001 sooner or later. Just another way to sell lots of shares.
Good luck to you.
I just read the PR that HIMR put out today, and I must say, I had a really nice belly laugh after reading it. Aquaponic hemp? Do these people even know what aquaponics is? Do they read their own Prs after writing them, or do they just write them and release them without thinking how completely ridiculous it is? LOL. What a joke.
Who's pumping this turd? Brighton?
I think the only reason to do it is for the toxic financiers. It gives them more room to pound bids right back to where they are right now. Wouldn't touch this pos stock with a 100 foot pole.
Up 60% is barely moving? Wow.
I was looking at L2 all day and saw zero dilution, imho. You seem a little bit bitter.
Thanks for the reply, Renee. I guess we now know the answer, LOL. This will be the first time I have ever seen a company do a R/S AFTER filing BK! Weird.
Renee, I'm curious about something. Previous to this 8-K, they announced that they would execute a 1 for 50 R/S effective 2/21/14. I assume that this just completely negates that? I see absolutely no reason for them to do a R/S now, LOL. Toxic note holders might want one though.
There was no way that they weren't going to go through with it.
Added to my "Q" watchlist.
One really only needs to watch level 2 to see that BMAK has millions of shares to sell, while only showing 10K. VFIN also, but BMAK more so. BMAK can be found doing this on multiple tickers, and is rarely ever found on the bid. He was on the bid a few times with a token 10K shares, but no size. He only wants to sell.
Some whales are loading this pig in the .0018-.0021 area.
You seem pretty confident of that. Have you seen their debt??? It's disgusting. I don't see any way that they CAN'T go through with it.
CERP to become CERPQ!
Just filed for bankruptcy:
http://secfilings.com/searchresultswide.aspx?link=2&filingid=9772483
Yeah I've done a little DD, and like what I see so far. Any idea of the float? Thanks!
Nice volume here today. Saw a couple of big blocks. Anyone know the float on this stock? Looks like something good could be setting up here. Don't like the convertible debt, but the decrease in net loss and increase in revs looks good.
Here you go:
http://www.otcqx.com/qx/otcqx/requirements
OTCQX U.S.
Shall not be a Shell Company or Blank-Check Company;
A minimum bid price of $0.10 (for preceding 90 trading days);
Must meet the Initial Standards found in the chart below;
Meet one of the following exemptions, consistent with the definition of a “Penny Stock” under Rule 3a51-1 under the Securities Exchange Act of 1934:
a. Have a bid price of $5 or more; or
b. Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years; or
c. Have average revenue of at least $6,000,000 for the last three years.
Appointment of a Designated Advisor for Disclosure (DAD);
The company may not be subject to any bankruptcy or reorganization proceedings;
The company must be duly organized, validly existing and in good standing under the laws of each jurisdiction in which the company is organized;
At least 50 beneficial shareholders, each owning at least 100 shares of the Company's common stock;
Ongoing quarterly and audited annual financial reports posted on OTCQX.com, a premier website for qualifying companies (SEC Registered issuers can use EDGAR); and
Inclusion in the Standard & Poor's Corporation Records or Mergent Manuals (fka Moody's Manuals), which satisfies the Blue Sky requirements for secondary transactions in many states, together with a list of any other states in which the security is Blue Sky compliant and eligible to be sold by brokers in those states;
DAD Letter of Introduction upon application process completion and quarterly and annually thereafter to OTC Markets Group Inc. confirming that the issuer has made adequate current information publicly available and meets the tier inclusion requirements.
This guy has no clue if he thinks SEEK is up listing to OTCQX.
Our goal is to get our 2013 audit and form 10 finished and filed this month so we can finish the process of up-listing to the OTCBB or OTCQX as a fully reporting Company."
Great, we get to watch this go sideways for 3 weeks and then dump! That'll be awesome!!!
BTW, if you are planning on playing this, you might want to think twice about holding it o/n considering the latest string of SEC suspensions of high-profile promotions (PWEI, PCWT, NVGC, LIFS). I guarantee it will be on their radar. Check out this article:
http://www.washingtonpost.com/business/economy/sec-ups-efforts-to-combat-manipulations-of-microcap-stocks/2013/11/28/588b1af2-576e-11e3-8304-caf30787c0a9_story.html
Excerpt worth paying attention to:
"“For years, we did a number of these cases, but we didn’t attack it with a systematic approach,” said Andrew Ceresney, co-director of the SEC’s enforcement division. “We now have people focused on the area full-time for the first time, and by marshalling their expertise, we think we can make a difference.”
Good luck to all.