still holding.
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pennyrocket!
Rich, do you think this will go below .001 before next week?
Everybody is running from this stock, and it's because the price just goes lower and lower.
Oh I think the CEO is actually legitimate. He seems like an honest, upfront dude. But that's not enough to help the PPS for a long, long time. The market looks like it will kill this stock IMO.
Exactly. I am not buying bagholders' shares based on a note holder fairy tale.
How do you know the note holders are selling? Link?
I'm terrified of buying this, jb.
I was afraid to get in @ .0069. Glad I was, I would have half my money gone by tomorrow.
But if it's headed higher and not lower, why not wait?
If the note holders thought it was going higher, why wouldn't they wait? Why are they dumping down here? Something doesn't seem right.
What is causing the dive in price?
Don't do it. I remember thinking .005 would be a good entry. Look where we are now. Why do you think the price dropped this far? Lack of interest?
How low do you think it will go?
When shares lost 50% a few weeks back, I remember Rich telling me that .0069 was a good price to buy at. But now .003's? OUCH!
Wow the price is dropping!
Nah, I mean sometimes they are right. jabird seems like a sharp dude, maybe he is right. I just disagree about dilution. I need more proof than "known dilutor" and the fact that he has a large amount of shares. But that's me. If I were thinking about jumping into ICPA for the first time I'd pull up the market depth, see VFIN or VNDM with a blind 5K on the ASK and assume the exact same thing.
My understanding of this company, right or wrong, suggests that if they were diluting there would be no question or argument in my book and we would be trading much, much differently than we are now.
If by "MM games" you mean firms accumulating millions at low prices and controlling the trading to frustrate short term dreamers with no patience then yes. There are games IMO. Firms need to make their money too and they have a huge advantage over certain types of traders. If you mean illegal manipulation, then no I don't agree. Not saying it's not there, but if I can explain a stock's movement without introducing iHub bogeymen I generally will. I've traded this stock about twice a day for the past seven months and can explain everything I need to explain to myself.
I got ya man. I know it sounds like I am arguing with you, but I'm not. Just saying that neither of us know what the SS is right now. You're making a good guess and you may be right.
They may hit us during lunch.
I am down there, too, perch. Waiting.
And I am not arguing with you, or even saying you're wrong, just that all we have proof of right now is that VFIN is selling a sh** ton of shares.
VFIN is also well-known for going long, short, and sideways. "Such and such is a well-known dilutor" IMO is up there with "MM games" and "barchart opinions" as things that make me cringe when I read them. You may be right, but I doubt it. If there has been any change in the float since EOQ1 I think it's theoretical if MM firms are naked short, but i have no evidence that any such positions exist. I think it is obvious that plenty of MM firms have short positions, but I honestly doubt there are any "retail" short positions, at least in my sense.
The price is down with ST traders due to lack of momentum and lack of interest IMO. Firms are taking advantage of that situation and assuming short positions and succeeding because their money is more patient than the funds of penny stock investors gambling their bill money. Period.
Price is down also because LT traders have seen this company expand immensely in many different directions, but have not been given any solid figures by the company yet to allow them to evaluate whether or not the company is making the correct financial decisions. There has been simply too much news and not enough figures to allow LT investors to get a clear financial picture of the company's progress toward or away from profitability. That will change, but not today or tomorrow.
For my short term positions I blow with the market and am cautiously bearish. LT I am waiting for the uplisting to OTCQX and plan to wait and see if it materializes. We will find out 8/15 what happened to the company's SS in Q2, but not what's happening NOW. Not until Q3 FINS. An invitation to uplist to OTCQX is phenomenal news. Frankly, if that happens it will tell my LT position all it needs to know about the viability of IC Places and my LT share hoard isn't going ANYWHERE until that's off the table.
I am pretty sure we will see the OS increased by 135M restricted shares. Period. No change to float. Anyone without an agenda who is being honest with himself sees this. I suppose if you would consider a CEO selling common shares to be increasing the float, then it has increased by approx 6M shares.
I can prove this no more than the dilution screamers can, but I bet when the dust settles I will be proven correct on the SS.
Who was it who went on and on about the 60 second chart again?
I bought at the bid. Does that mean I sold?
I agree, but I don't require convincing in that regard. I have spoken with people from Connectivision about the deal, and balanced it against Samblis' statements and found them to be accurate. I am looking for 10Q. If there is anything I am dying to get more real information on it is ICPA's invitation to OTCQX. That would be a GAME changer.
10Q comes out next week.
I know EXACTLY what took the price down to where it is.
It's been paying my bills for the last three years, but I'll quit if you say so!
What made this drop from .016 all the way down to .006?
Can't wait to see how much he has been diluting!
For it to be slander it has to be false.
at least 144K
We're just kidding around, Slic.
When did Todd take over?
It could close above .006
I do not see .04 breaking today unless a group has decided to short this for whatever reason.
I understand. Likely I will wait until next Wed to buy in. I don't want to get caught in anything. I just saw how far this pulled back and thought it might present a good opportunity. If .055 support gets taken out I may buy a starter pos today.
It is definitely a good flip. But at what price and when? .0025 - .005 would be a solid play.
Seriously?
What are we gonna do without the channel list?