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100mill bidding @ .0003 lol.
I don't believe there is ever a true short or naked short on .000' stocks. I've posted it here long ago. But, once upon a time I sold like 23m and that was the only volume for the day. The "short report" showed that the shorted volume was 23m, 100% of the day's volume. I knew that to be untrue, because I executed the trade. It seems that the short report just reports sells.
It could also be rationalized at the market maker facilitating my sell order had to short sell shares on the bid and instantaneously buy mine to fulfill my order. Making the 23m appear to be shorted. That doesn't explain the volume discrepancy that would probably occur.
This is just my rationalization based on my observations. Nothing else.
Ask is getting a little heavy. 21.8m at .0005
Woah. This thing sure fell apart!
I was thinking the same thing. They're saying the same stuff we said years ago. They've been "buying back shares" for about 2 - 3 years, to my knowledge. I'm pretty sure there's a little thing called "beneficial ownership form" that needs to be filed every time a shareholder owning over 10% changes percentage of ownership. They've never filed one. Nor do they disclose insider trades on their OTC page, probably because there aren't any.
The float is 1,175,254,801, or more. - as of Mar 31, 2015
@OTCShark - SS is looking good at a low float for a trip and can easily move with exposure.
I've never seen more exposure here, in the past 2 years, than there has been in the past week here.
The problem is, in the contract is says .01 then one cent. NOT "1 cent" or even just "$0.01" by it self. The contract says exactly ".01 cent". That equals .0001. I really don't know why all the discussion to the contrary is happening.
Just like this...
.01 million is 10 thousand
.01 billion is 10 million
.01 dollar is 1 cent
1 cent is $0.01
.01 cent is $0.0001
I can't explain it any simpler. It doesn't matter what people THINK both parties know on the side... that's what the contract says and should be taken as fact.
All that aside, it doesn't really matter, that much. Having the shares worth less just lessens the recorded value of the asset. And honestly that place doesn't look too valuable. It looks abandoned.
I agree.
It may very well be a mistake. I know they're not the best at English. But literally speaking, it says $.01 cent, or $.0001.
Just like $.01 dollar is $1 cent.
Wow, that's what it says doesn't it.
"($1,750,000), and 500,000,000 - of company Common stock with price of .01 cent per share."
Literally speaking, that's 1% of one cent. Or, 1% of $.01. Guess what that equals; it's $0.0001. That's what the contract says.
This image is from http://www.otcmarkets.com/financialReportViewer?id=134830
As an analogy, lets say I offer .01 million to someone for their car. I wouldn't be paying millions at all. $.01 million is $10,000.
ihub had an error. Everything from Wednesday is gone, everywhere.
The former Iron Bridge, now Dragonox, among other toxic debtors are getting paid today. Keep 'em in business guys!
LOTTOS - ATPT, USNL
PTAH past runner at lows. Look at the revenue.
ATPT -loto- 240m o/s last reported.
Lottos - ATPT USNL PTAH
ATPT last reported O/S is 240m
USNL last reported float is 475m
PTAH fundamentally undervalued - Look at Quarterly reports.
Lottos - ATPT USNL PTAH
ATPT last reported O/S is 240m
USNL last reported float is 475m
PTAH fundamentally undervalued - Look at Quarterly reports.
I was thinking the same thing. If I knew that kind of information, for certain:
1. I wouldn't tell people
2. There wouldn't be any .0001s for anyone else to buy.
40m .0002s dumped
MELY is getting beaten down.
PLKD is setting up. Churning in the next few weeks will determine if this will be the next HUGE year-end/new year runner. It's all in the trader's hands. Of course, new catalysts will be necessary for that, too. There are a lot of shares out there.
All those .0004s and .0005s had to make their flip.
Shares outstanding increase to 1,899,982,109.
Source:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=129662
724,727,308 is the new total restricted.
Float and authorized stay the same.
1B A/S, with 930m in volume in a day. Looks like some really scared and impulsive flipping to me. The only way this is going anywhere is if there are some big players willing to take a risk (which may or may not be a rational trade seeing as they're not even reporting) and NOT flip for 1, 2 or even 3 ticks. I wonder how much of that volume was the same shares twice.
.0001 lotto: USNL low float. .0001 Available.
Shares Outstanding 3,475,250,391
Float 475,040,358
.0001 lotto: USNL low float. .0001 Available.
Shares Outstanding 3,475,250,391
Float 475,040,358
Authorized Shares 5,000,000,000
Is this a general stock forum? Or is this board for GNCP? I can't really tell. Surely you guys aren't implying that there is shorting going on at GNCP, much less naked shorting.
If you guys haven't looked, there isn't a bid. So "they" would sell short at .0001 and buy to cover where? Oh, right... you're going to say, "the almighty MMs can buy under .0001#&!^@!!!! *twitch twitch*".
Maybe some of you should consider that the actual reason GNCP can't sustain a bid is because of its 30 BILLION shares authorized and 20 BILLION shares outstanding. Don't forget the $16,847,824 in convertible notes still payable WITH $3,296,956 in unpaid interest which will surly be much more by the time they can suck that amount of cash out of the market. The convertible notes payable as of Jun 30th 2014 would equal 168,478,240,000 shares at .0001, WITHOUT A DISCOUNT or interest.
That OTC short report is complete bullsh!t, by the way. It counts most of the sells as shorts on .000 stocks. For example, I've recently divested a somewhat large position of one of my holdings, at the bid. OTCShortReport says that all the volume on the day, my sells, were short sell volume. Now, I can't and didn't short this stock I sold. OTCShortReport seems to think I did though. How is that? Oh, like I said... It's wrong and completely unreliable.
$10 for 1 billion shares...
I'll take 3.
That's .00000001 per share!
My last email conversation with the CEO left a sour taste in my mouth.
"Marion’s only downtown hotel stands to gain new owners unless its property tax bill is redeemed within a year.
The 5.5-acre property that Hotel Marion sits on was one of 131 properties sold Thursday during the annual Grant County tax sale, a live public auction for real estate whose owners owe delinquent property taxes."
September 21, 2014
Source: http://www.chronicle-tribune.com
Sucks...
24mill sold, 13 mill attempting to flip for 1 tick. GL with that.
EFLN 330m float .0005x'7.
Insiders own 72% of the 1.1b float
EFLN not many .0006s, hopefully some flippers are getting out.
EFLN .0005x.0006