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How is that any different than their previous 10-Q that had a conversion rate of 0.0033 when the OHLC for the day after the filing was 0.01/0.011/0.01/0.01? Financiers of otcbb/penny stocks get in on the cheap on the expectation that playing their float shares on the open market will make a more immediate return. Your post completely lacks relevance.
Nothing. There's a healthy debate going on. Individuals interpret each nuance differently. Everything is speculative and it is up to each individual investor to do their own investigation/DD and make their own decisions. Nothing posted thus far qualifies as "tripping out"... this is just standard IHUB discourse IMO.
Personally, I am a believer in ECOB, based on my own research. I don't like everything I see in their filings, but overall I think this will be a winner.
It's a penny stock, don't play with money you can't afford to lose. And don't get emotionally tied to any penny stock.
ECOB is a great investment at anything under 0.10. The facts are that ECOB recently expanded its Home Depot distribution from 10 to over 100 stores. I provided links previously to Home Depot's website that had their product - it's real and not some P&D fabrication. Those revenues are not yet realized and we may be looking to a 10-Q 6 months from now to see actual sales figures as that plays out. If you compare this company to all of the MJ pumps you will notice that this company is not a perpetual "development stage" company with smoke and mirrors acquisitions and mergers. It has real and significant revenue on the pinky level!
It's not all roses either... they're still in the red. But this is about speculating on where you see the company in 6 months, 1 year, or 5 years IMO.
Links to ECOB products in Home Depot:
http://www.homedepot.com/p/Eco-Building-Products-2-in-x-4-in-x-96-in-Red-Shield-Protected-Lumber-248/203909056?cm_sp=BazVoice-_-RLP-_-203909056-_-x
http://www.homedepot.com/p/Eco-Building-Products-23-32-in-x-4-ft-x-8-ft-Douglas-Fir-Tongue-and-Groove-Subfloor-1000007995/204336855
http://www.homedepot.com/b/Eco-Building-Products/N-5yc1vZbwq
This does appear to be a real relationship my friend.
I'm not much beyond you in knowledge in that regard. I too have seen cases where noone has the float. How to treat that lack of information in regards to equations and algorithms is something that I think you may need to look to some sort of statistical analysis or naive bayes network to analyze.
A/S (authorized shares) are the total number of shares that are authorized by the company to be issued.
O/S (outstanding shares) are the total number out of the A/S that are issued to both insiders, restricted parties, and retail investors (you and I). These are voting shares.
Float is the number of shares out of O/S that are "in play" for retail investors (you and I).
If the float is less than 1/2 of O/S, then that means that insiders can out vote retail investors. This is important because if insiders have enough shares to out vote retail investors then they can change the share structure w/o approval.
Often times when you look at "market capitalization" (read: what the company is worth) people are multiplying share price times the float. However, if insiders can unilaterally out-vote retail investors due to float not being 50% of O/S then that means the company can dilute the shares of the float since they can either move more shares from A/S to O/S or increase A/S overall.
Generally speaking, decreases in A/S in SEC filings is a good thing, since that means that the ability to dilute is decreased.
Please, someone more wise than I, correct anything I said incorrectly or did not explain well enough.
8K about home depot order: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9774646
RTXB will be an interesting play. GLTY!!!
$RTXB - From pulled pork to MJ... Ok :/ ... P&D IMO
Biz Description:
Republic of Texas Brands Incorporated (RTXB) has a distinct unique brand and logo that captures the emotion attached to Texas and its independent attitude, recognized and loved around the world. The company is in Chapter 11 reorganization and is preparing to file a plan of operation and new direction of the company very soon. Upon approval of the plan current management will resign and the new plan and officers will take effect.
$RTXB - From pulled pork to MJ... Ok :/ ... P&D IMO
Awwww, the slow inevitable decline. Bitcoin dropped big recently too. Check MtGox.com.
Any guesses on where the bottom is? I'm thinking somewhere below 0.10.
Volume surge is precursor to news ? Glta
Their website IR newsletter link is broke (http://www.amogear.com/). If you try to subscribe to their IR newsletter you get redirected to a broke "mail chimp" link. Additionally, their website overall seems like a poor attempt of making a commercially viable website. Junk IMO, but maybe there will be some price action worth getting in on early on Monday.
Yep. Someone is looking to profit off the $8,000 that got trickled in over the last 11 days. This will be interesting to watch. People could make some cheddar here if they can get in at a good price. Thoughts?
Time will tell. I'm going to put a small bet on this one and see what happens.
This stock appears to have some potential. I got out too early on SING and am looking to not make that same mistake here. What does everyone think are realistic price projections for tomorrow and the remainder of this week?
This appears to be a pumped stock: [url] http://www.hotstocked.com/article/75062/imogo-mobile-technologies-corp-otcmkts-imtc.html