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That is true. At least that could help their cause. I would personally like to help every company I invest in. Being an investor I know if the company does better we will more than likely do better as well.
According to their agreement JSJ would be able to purchase shares for about 20% less than market up to a point. I would have to re-read it. But you can find it in the SEC filings I believe.If you haven't seen it already and thanks.
Yes Termite, let me explain the reason for that. It's my opinion that CMGR has lost many investors by the last 20,000 to 1 reverse which was too much too soon for most investors, granted it could have stopped the predators from boxing it down. But it also explains the relatively low trade volume now while the company is moving forward. Forward and reverse splits help stocks move. If you notice, I also added that they need to buy up and burn stocks. Both of those news items propel stock sales if nothing else short term does. Stocks can get stuck between .0001 and .0002 due to a combination of things, the lack of new investors, and predatory traders. You know all someone has too do is buy a large quantity at .0001, sell a little at .0002 then keep selling and buying at .0001 little by little to slow down progress and hinder new investors from jumping in. My point was for the company to run over the .0002 and then those who are trying to stop Camelot will not be able to keep that going and of course the jump will cause new investors to consider this one. There are other ways, but it is harder and takes longer. It doesn't have to be 2 for 1 it could be 1 additional share for every 2 held etc etc.
Investors don't run prices down bashing their stocks. No one is blaming real investors. Owners don't drive their own stock prices down. We know there are predatory practices in the market. If this company is as bad as all that, it wouldn't need help from the peanut gallery to fail or succeed would it?
Facts are fine if all of them are given. How many outstanding shares were there before the reverse splits?
I wish this was my company. You think I'm Robert Atwell?
Weren't you on the list of Camelot's past investors? Do you disagree with anything I have posted here? If so what is it? What do you think concerning those who drive stocks down then complain when they lose their asses on them? Savvy investors don't do that. If you have lost money on this stock in the past you cannot blame anyone else, no one put a gun to your head to buy it right? The rest of us see some upward potential here and don't appreciate others coming around and slowing things down because of their own past failures.
Chode, do you understand the difference between a million and a trillion? The ask size is 189 million, not trillions. Big difference, even though the two words do rhyme. I've been waiting for some of the things mentioned below, before I will invest very much here. Everything happening here now is typical for this price range. It will remain slow for awhile. But if they do as suggested, when it goes, the two's will lose.
Is that right Chod? Then what? We can all see how good those Reverse splits worked for gaining investors for this stock and how much it improved investor relations. Volume is low now because the last reverse split of 20,000 to 1 was too much too soon in my opinion. If Camelot wants to gain credibility from their stock holders again, then a forward split of at least 1 or 2 for every share held this month, and/or consider burning shares to stop dilution may be necessary. Although, the latter doesn't always generate trading as quickly as the former.
At least there is an effort, and it was produced today as they had planned. Along with the DVD release dates. I'm confident. As far as the lawsuit, I believe Camelot won that suit. Considering California law, that is a positive. Even the people that make these laws can't figure it out. All it takes is an accusation to tie someone up in court and cost them more than it's worth. Been there done that. We need Tort Reform to protect the innocent from lying bastards and their predatory lawsuits.
The 2010 financials are due to come out soon with the 2011 coming shortly after. 2011 was better than 2010 and 2012 will be better obviously. How high is anyone's guess, but this stock will go up. It's already taking longer to get it at .0001. If you sell at .0002 you may be out sooner than you think.
Actually charts do mean things. These are made public and the company is as aware of them as anyone else. As the lowest price shares diminish in number, then they will go up (just like it did last time), till all those are gone, then it will go up again.
Mr. Atwell wants to grow this company, only a fool wouldn't. And if so there will be news of a buy back and elimination of a certain percentage of the stock they have obtained. Besides some positive growth in the financials, this will be necessary for investor confidence and continued trading. IMO
I expect financials to be the first order of business, and get back in the pink. They had to overcome that challenge to the library aquisition. That's what has delayed their reporting. They've always maintained that the company is looking long term. I wouldn't put too much into any stock till they PROVE that. In the next few months we should know one way or another with this one.
Mr Atwell has purchased billions of shares of this stock, at various rates. How many shares have you owned in the past, millions?
The reason I mentioned .0002 is the tough barrier to break because you gain 100% profit from 1-2. From .0002 to .0003 you gain 50%. 3-4 25% for each tick up. Outsiders love to buy large amounts of stock then run the price down, in hopes of keeping it here and chasing off individual investors to either drive them out of business or take them over. My point was that by doing a few simple things, a company can rocket out of the cellar and back into a comfortable position. It's true Camelot has had two or three very large reverse splits in a short period of time, but that could very well have shaken off hostile companies. (And I always question if those companies have something to do with the few that always hang around these boards bashing and trying to scare others away, not that they would ever admit it of course.)
How would anyone else on this board have done something different than Mr Atwell to improve the position and value of this company? And how would YOU proceed from here? I know how it can be done. Clue...There is one thing that draws many investors EVERY TIME.
I see the bashers are out in force today. Financials will be out in a week or so. Look at the bright side. After all those reverse splits it will be much more difficult for outsiders to adversely affect share prices now or in the future without incurring more large losses themselves. I would like to see Mr. Atwell and JSJ buy up most of these .0001 shares to keep others from dumping. If they disposed of some shares (and if necessary, offered a two for one forward split) this stock would shoot past .0002 real fast. It's not that hard to get past the stubborn .0002 mark with savvy investors. We are just approaching the beginnings of the stand off phase of..... .0001 - .0002
I have, this is fairly typical. I usually wait till there is no bid when the price goes to .0001 to start loading up and then I can plan how much to sell and how far out so mine is the first to sell. Otherwise you have to wait to buy like it is now. If I was just starting out on this stock I would be looking further out than .0001-2. If you plan on a bigger return. Im past that now, planning on .001 and unless you are investing 10's of thousands .0002 won't do much for you. This kind of stand off happens every time a viable stock is in this position. I've seen some stocks volumne stop for months without any volume then take off. These situations are exactly what I look for.
If you have a company name that is recognizable by the symbol, such as Camelot Entertainment Group ie(CMGR)then the company is not likely to change symbols. Shareholders usually lose during a symbol change. CMLT didn't reflect the group. You two must be new at trading. It seems you are doing just about everything wrong. Stock trading is speculative. Even Camelot has said they are looking long term. It would be in everyone's best interest to succeed as quickly as possible, right?
That is why it is important to be in position before the information becomes current. When everyone else is selling, buy.
I have just watched this stock in the past. Those splits were inevitable. Now that they have a good symbol for the company, additional financing, and have a few family oriented films in the works, I believe they are in a good position to go forward.
Another large reverse split this year would be damaging if not fatal for Camelot, imho. A two for one forward split would certainly help give this stock a kickstart. We will see if it's even necessary.
It is in Mr. Atwell's best interest to make this company a success. Once information is current, this stock will start moving.