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Is this another Pump and Dump?
Does anyone know why the stock is plummeting today? I can't find any news. It's down almost 5% which is a steep drop at their price level.
What happened to the drilling? Weren't they supposed to be drilling this week? Or do you think this could possibly be a con? Oh dear...what a surprise
I was lucky to make some money, very lucky. The only reason I believe it is not a pump and dump literally is that the company has not pumped or drilled. Other than that, I believe it is a stock pump and dump which hurt many small investors. With all their new leases and plans to drill, the company has ONE employee whose stock exploded.
I agree that a 5/1 split made no sense and the fact that trading was frozen for many after the split confirms this was a scam.
After all the false statements, do you believe this?
I am an active trader and a broker at Schwab asked me "why would I ever buy IDNG?" For the first time, I believed the phony promotion and thought this would be the penny stock to fly. So, even though I am experienced, I fell for it. Don't blame yourselves. I also did not sell before the split. I did sell the day of the split and Schwab did get me out at about 90 cents. I don't understand why E-Trade and Fidelity could not trade it for you. It did take the broker about half hour and apparently, I was the first trade. I did make some money but never, never again. I could have lost money and I should have known better that this was a bad act. It settled on 6/27, so it leveled with the short sell as a place holder and the pre split shares gone!
Maybe E-Trade and Fidelity and others could not trade so the insiders could dump their stocks while us retail investors got creamed. We probably will never know what happened, but when I couldn't sell the stock late on 6/21, I knew it was trouble and then was very lucky to get out.
This is what I was told by Schwab. This OTC transfer agent process is very loose; it's probably not regulated. Remember, the Reps do not want regulations and this is how it goes.
Schwab sold my stock on Friday post split and used a sell short as a place holder. They tell me I am out of the stock but the shorted and long shares (orginal pre-split) still show in my portfolio. The mutliple agents I have spoken with stated that this long transfer process is not unusual for OTC's. They all insist I am out of the stock - but I will feel relieved when it does level. I thought one of the participants on this Message Board indicated that Fidelity is showing his/her stock now as split shares. Then someone said Fidelity wouldn't let him sell? Schwab told me the shares must be delivered or "they" go to jail. I am not sure if the big brokers are involved in short selling, doesn't make sense.
A few brokers asked me why I got into this stock. Greed? Wanting to believe the newsleters? Now I know they are crooks. I was scammed. IF it's too good to be true, it isn't true.
I hope it's within the week which would be this Friday. It appears that the Transfer Agent is in no hurry to accommodate IDNGD. They must have more important clients. I've never had a split stock not level on its first day of trading, but this situation is OTC and not in the mainstream. I'll never do this again.
Schwab also sold mine early Friday morning. However, since they did not receive the split shares yet, the transaction appears to be a sell short. So my account shows short sales on the larger quantity and the old number of shares. I wish it would level off. Has yours leveled or do you have the similar situation?
This is the same junk I received from Brighton Markets
I dont know why anyone would now think they had to cover their shorts. It appears to be a pump and dump. It's a scam, the company never has pumped any oil and there is one employee, who has a history of creating these promotional groups to do what they are doing to us small investors. I just hope the split is finally leveled to give those that are purchasing or selling during this post split period their money. My broker said that it could take up to six weeks. OTC stocks apparently have loose oversight.
I sold it the day of the split with broker's assistance. It was a Sell, not a sell short. However, the stock has not leveled yet. My broker was told that the split shares were to be reflected today, June 25th, and my sells would be evident. So far, nothing.
No, I had to give a market or limit order to the broker. I gave a limit order since there were no trades to view for the broker or the retail trader. It took me a long time to execute the trades. He was surprised it traded since it showed no actual trades. I still cannot see the actual trades and I have an advanced system.
I used a broker to sell my shares. He said there were no trades showing even AFTER my trades were executed. Pinksheets.com also did not indicate any trades. However, my account shows my two sells - it shows them short for now until they are leveled, I hope soon! I can't believe there is no trading apparent, especially since I was able to execute a trade, but only with my broker doing it. I could not do it myself no matter what symbol I used.
My broker told me this morning that there were buys and sells after hours yesterday. He said that there were no pre-market trades, they were not allowed on OTC stocks. The stock would trade at IDNGD at the open. He sorta assured me that I would be able to trade at that time. Somewhere this morning I saw a bid of .95 bid post split and 1.00 ask.
I spoke to my broker who told me that over 300,000 shares were sold after hours. He did not think that it was a good sign.
I appreciate your reply. Maybe I think IDNG is too good to be true.
I am concerned about the following information.
I have been receiving information from Brighton Markets regarding IDNG and have bought the stock. However, today I read their disclaimer which states that they are paid $50,000 to promote the stock. They do not actually promote but are paid to promote by an investor company, I guess. This investor company usually liquidates the stock. This is scary stuff.