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Huge drop in premarket back to 0.92.
I checked, the Inc. 5000 lists Fresh Healthy Vending. Interesting that with all the expansion and sales, revenue is still running behind 2013 revenues.
Buy the rumor, sell the news? Or massive dumping by insiders 2 minutes after this great news was released?
Did you read the article? The author profiles GBLX as an example of a company with a "stratospheric valuation" (that means massively overpriced!) based on hype and no actual accomplishments!
Disclosure - short, for all the reasons discussed in the article you link to!
Based on what commonly used metric in the evaluation of financial statements does the financial data in the recently issued 10-Q support the current pps?
Even with optimistic increases in revenue, VAPE is over priced.
If you look at the balance sheet, VAPE has insufficient funds to keep operating without a significant infusion of capital.
Disclose - short. Not bashing, just providing balance to the unsupported "to da moon" hype.
Also, make sure you do not turn off the annoying bulletins at IB. I got a number of 08:00 am bulletins that said there were shares available, even though the shorts available indicator stayed at dark green.
In reply to 236T568...
My GTC order at IB never filled, but I did get filled at IB with a new order pre-market routing to ARCA with an ask well under the bid. There were at least three days when shorts were picking up positions in pre-market trading at the start of the dump.
Shorted at $1.30, covered half at .62, hoping to cover the rest of my position later today at my final target.
So how much money have you you lose?
Well, I had already started scaling out of my position before the suspension, so i am only left with a short position of 70 shares. As long as the trend is down, I will hold on. I am sort of hoping that I will be bought in so I don't have to waste time on the phone with the trade desk at interactive brokers.
My time and sales shows a trade of 2 shares at $2.65 at 11:41.
My Time and Sales shows a trade
Or go to goodetrades.com and search on brokers and look for articles on shorting pump and dumps.
Interactive brokers. There are others try Google!
Not so brutal if you are short! Bring on more brutality!
WTF, you are either too ignorant or lazy to do basic research. Of course I can short penny stocks. If you open an account at Interactive Brokers, you can too.
By being totally wrong on this item, you expect anyone to take notice of your other ideas?
I short penny stocks. A simple google search will provide you a list of brokers that allow shorting of penny stocks.
You seen to have no understanding at all of the content of the Securities Act, and what can cause a stock to be suspended by the SEC.
Dilution can be done legally or illegally. "Dumping shares" is perfectly legal if done in accordance with the Act.
Many insiders of penny stocks are slimy creatures. Being slimy is not in contravention of the Act.
Ironically , when you state as a fact that a company is about to be suspended, and it is not true, YOU are in violation of the Securities Act.
You give those of us who short penny stocks as a stream of income a bad name.
I am requesting, in all politeness, that you STFU!
Disclose : no position, but rode the last decline down for a healthy profit.
Well researched DD on APPG
http://blog.geoinvesting.com/?p=8503
Disclosure: short.
Well, I like to use the term "stopped out" instead of squeezed when talking about my short position. I hope all you longs get a chance to ride CANV up for as much profit as I made riding it down for the last few months!
Good luck to all!
Disclosure - stopped out of short position today, will not be opening a long position.
I remember the last time I was short at this price... Crazy times! Good lessons about protecting capital.
"Dumping shares" is not necessarily a violation of the Securities Act!
Normally, a company has to violate the Securities Act to be suspended. Have you provided evidence of specific violations to the SEC? Can you share the details with this board? If you can post evidence, I would consider increasing the size of my short position.
Note that the Securities Act is all about disclosure. A company can exist primarily for the purpose of enriching insiders at the expense of shareholders without violating the Securities Act, and therefore with little risk of suspension!
If this information is in the public domain, then it is already built into the share price!
Hayden IR also provided IR services to blatant pump and dump ENIP and to one of the longest running scam MJ stocks - MDBX. They have an office in Scotsdale AZ, a leading contender for pump and dump capital of the USA!
Nice move for patient shorts like me, but still got a long way to go to catch CANV!
So $1,445 revenue + CEO says "we have plans" = $100,000,000 market cap?
Making unsubstantiated claims about upcoming SEC actions is one of the things that give us shorters a bad rep. Why not just stick to the facts?
On the other hand, with $Volume crossing the $million mark today, there could be a lot of serious momo traders showing up tomorrow. I would not be surprised if VAPE spikes a lot higher in the near term. Trade it, don't fall in love with it!
Disclosure: flat, waiting for the excitement to end so that I can short this all the way down again.
The excitement builds as the price of VAPE climbs, but like the Leafs on a run to the playoffs, it always ends in disappointment!
What are the products that are being developed? Why should the new product lines succeed when the current product lines are obvious failures? Total revenue for last quarter was only $1,445!
According to the latest quarterly report, they sold $1,445 worth of these products in the last quarter. So what justifies the $121,000,000 market cap?
Does CBDS have any actual products for sale? Links would be appreciated!
Ok, I admit that I have NEVER seen any one apply point and figure to scammy OTC stocks!
You sir, are a very unique individual!
Yup, still lots of shares to dump.
As stated in the last quarterly report "during the quarter ended March 31, 2014, the holders of these notes converted the entire outstanding principal balance of $78,112 into 3,889,071 shares of the Company's common stock."
Do the math, someone just got those shares for two cents each, and they are probably eager to dump them!
It is always best to dump shares into an increasing pps, so a bit of wash trading to attract the momo players may have been what happened today. I am not sure why a company with almost no assets and almost no revenue with a market cap of $94 million would start to move up on volume with no news unless the move is manipulated.
Depending on your broker, you may be able to set up an "iceberg" order, where you specify the size of the order to be shown. I trade with Interactive Brokers, and there is a Display Size field when setting up a trade that allows you to display all, hide the order or display a smaller number of shares than the total order. This feature is not supported by IB when trading OTCs, but it is for the major exchanges. I am not sure about other brokers, but I assume some of the instructional trading platforms would also offer this functionality.
Disclosure - patiently short riding CANV all the way down.
The analyst that wrote this article displays his total ignorance of the OTC market when he states that OTC stocks cannot be shorted! You can not write about stocks trading on the OTC market if you do not understand how the OTC market works! Huge red flag...
Just wondering if I am the only swing trader who is still holding on to a pre-suspension short position. No doubt there are still a lot of bag holding longs who are still in a state of denial.
Apparent evidence of LIVE scam:
http://www.equities.com/editors-desk/stocks/technology/livedeal-stock-raises-several-red-flags
Disclosure - short.
Get yourself an Interactive Brokers account. I have a long term short position here, will only cover when the trend on the daily chart turns and the pice starts heading up. Every pot stock that gets halted makes it more difficult for the others to generate any kind of positive movement.