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Look up sure trader on Google. They offer hard to borrow shares but at a cost.
The maintenance amount ( amount required in account ) to short shares under 2.50 is 2.50/share....
Meaning if you want to short a thousand shares it will require $2,500 in account equity. This is a requirement by many brokerages. Penny stock shorts in the double and triple 0's are lies the pumpers use to keep you holding on.
Also, look at the fees in a separate page which depend on your route for instance ARCA, BATS etc. ECN fees range from .001 - .004 / share both ways so if it was retail shorting, it would have to move at least .0020 down just to break even ( with this brokerage, I'm sure others are the same way)
No retail "investor" (trader) is shorting this.
The "short volume" is usually market markers trading shares. They sell you shares they don't posess and then buy them for the same price or lower and profit from your trades ( at times).
For instance your buy at .0012 could be "short" for a fraction of a second during the transfer which will be "covered" when the person you are buying shares from has them deducted.
Also, they can sell a bunch of shares "short" at .0015 and then bid dump this thing down to .0011 and then "cover" for a profit. That 40 MIL buy yesterday was probably a short covering MM who bid dumped at .0015 and just now covered.
Point is, it's not retail shorting that's what I'm trying to say. It's not financially feasible, it's most likely MM "shorting" which often case is "covered" almost immediately afterwards so OTCSHORTREPORT.com is therefore inaccurate and should never really be used.
My two cents. Sorry for coming off as a Dbag, it just irks me when people talk about penny stock "shorts" because thats what the lying, stealing pump and dumpers use as bait.
Those are not real shorts as described in a post in this forum already. Those numbers are BS. I will repeat one last time for the imbiciles that didn't hear it the first 3 times:
Nobody is shorting this!!
Do you have any idea the margin requirement to short one share?
Shorts? Nobody is frickin shorting this. Do you even know it requires 2.50 a share in account equity to short? Or that most brokers who allow shorting hard to borrow shares charge fees of .001-.003 per share in top of commissions?
I'm gonna put up 2.5 million in capital to short a stock that was at .0030 and pay fees of .001 per share for the short and then .001 for the cover for a total of .002 and make .0002 per share when this goes to .0008 on a million shares that's what: 200 bucks profit riding it short from .003 to .0008 ~ that's what I'd call proper usage of investment capital. Not to mention other rules such as T-3 and a possible charge of 1% per day of total value held.
The amount of retardation here is thick to say the least. Get real.
Lol. One word - erosion.
This isn't dependent on gold, it's dependent on GDXJ.
If you're betting on gold you'll lose every time, gold is just an indicator.
Most of the time, you get what you pay for.
The local shops sell a lot of junk at low prices just to push products to smoke the liquid in.
I've seen what he is referring to, even bought a couple batteries/clearomizers to compare and stick with what I said. You get what you pay for.
It's like putting auto zone parts on a caddy. How many times are you going to do the job...over and over and over again, when instead you can get quality dealer parts? Been there done that.
The same applies for hookers so I'm pretty sure it's across the board.
Have a nice weekend everyone. Road trip, see ya Monday.
Kevin.
Lol Dror's shares are restricted you retard.
Why entertain the idea of branching out into other states?
Why make note of possible franchise deals?
Just playing devils advocate here.
They were wanting to open shops in other states than FL, with possible targets of CO and/or CA ( by possibly I mean my opinion)...
When people say q3 is where the money is...just wait for q4.
This is only the beginning, the sale of it now would be rediculous because they could fetch much more later on.
They have been busy Friday and Saturday, those days I can assure you.
We were both in a thread convo on one of Yaniv's later tweets...
Not going into much detail but it is in my opinion that it is not being sold, nor will it be in the near future.
They have been busy. I know no more than you about it though.
You do realize there's a lot of people with stop losses at .0495 right? Those 4's will crash the shit out of this and I wouldn't be hoping for them. GL
Man, I don't know why people even use that site except for satire.
It's complete BS, with MM being the majority of the shorts, being taken to pass out the shares, which are covered almost immediately and closed out by the end of the day. I wouldn't use the site or take anything from it seriously.
....35 mil from January - December 2015?
How could one assume/guarantee such numbers?
You said profits too.
You holding until then? That's a long ways away.
I got my add this morning.
Patience is a virtue.
Finally some numbers that make sense.
Thank you.
One mil for q1
1.5 mil for q2
2 mil for q3
4 mil for q4
would put yearly earnings at approx 9.5 million, at CURRENT share structure, trading at a 1 to 10 PE ratio would put fair value at approx .22-.25 ballpark to my understanding. "Fundamentally" speaking.
Hoping by early/mid October they pay off Hanover that might give a significant boost.
If not trading above at least .15 by then or with no update on the loan unfortunately I will have to jump ship.
Worst comes to worst, 3 days after I bail they will release a PR about paying them off and the price will shoot through the roof lol.
They got a mil and a quarter loan, I seriously doubt it's dilution.
50% short volume as per who?
Dailyshortreport.com?
That site is extremely inaccurate and info is basically useless.
99% of that (50% short volume) is going to be market makers selling shares they don't have which is often covered almost immediately afterwards....or by the end of the day worst case scenario ( by MM ).
Ok to be completely real here, let's do a math equation.
Let's say for instance I short 100k shares at a price of .063 today.
Shorting 100k shares will cost an upfront of $2.50 per share = $250,000.
The downside is limited to apparently ( based on previous price action) .05 worst case scenario.
I'm going to put up a quarter mil to short at .063 and have a buy to cover order in at .053 which would net approximately $1,000 in profit.
Are you....serious?
There are a lot of other things to do with a quarter million dollars, which would be required minimum to see any kind of return here at this level. The downside is limited whereas the upside has a greater probability of occurring at this price level.
Shorts? We still on that shit?
What up MD, glad to see you guys are doing well over there. Enjoy the ride up.
You could be right and it's really anyone's guess. It's just my opinion that the craze from January onward brought a bunch of new "investors" looking for quick cash in and created a bubble. The professionals and con men came in and made fat stacks while the newbies took hit after hit selling red to buy green. Many people lost lots of money and fortunately for myself, the hit wasn't so substantial. Many are scared or just walked away from the sector empty handed and the SEC halts didn't help much either. There are many more things to take into consideration but that is just my short view.
Lol now I'm clueless? It's called being a realist, say what you want. There isn't a need to argue, sometimes a second opinion is good, even though most choose not to accept it or even pay it any mind. Just because someone disagrees doesn't make them a basher. I have thousands of dollars on the table, it is my choice to look at both sides of the fence and ask questions that I may not want the answers to. Just because I own a stock doesn't mean I have do drink my daily dose of kool-aid. I've put quite a bit of time into this, seen both good and bad info and made an unbiased, unemotional choice to stay in. The good outweighs the bad but there are still areas that should be addressed.
Since wolf called a conservative 1.3, I'm going to call 1.31 mil.
Learned that from the price is right.
I already own some. I've got no problem slapping the ask for my shares it's all good. Timing is everything.
Not so much disgruntled as much as tired of looking at people's stupid predictions of a dollar.
I plan on adding approx 100k shares tomorrow and riding it out.
If you're calling for a dollar, apparently math isn't your best subject either. Unfortunately, that's a universal language so excuses aren't valid for that one.
I have reached out in email about sales representation as well and haven't heard back either. Mine was well organized, to the point, articulated and I received no response. It could be that they have no terms setup for sales reps and are busy doing other things or the fact they just do not want them.
Not to be a jerk, some of your ideas are good....
But if I was director of marking/CEO and I had someone email me this jumbled ass message with misspellings of the words their, there, too, to, your and you're I would not take it seriously. I would not want someone representing my company besides the best of the best and unfortunately, you only get one first impression. Mine would be completely disorganized, in factual blurts.
I have made my peace.
That's all you have? Go to business school...?
I am actually well versed in my education on all aspects, whereas you appear to have the reading level and articulation of a 4th grader. I would recommend you complete English 101 before trying to imply that I don't know what I'm talking about.
No substance. No numbers, just speculation.
Maybe I'm just being a jerk so I will see myself out.
I'm a numbers man, not a speculator.
The proof is in the pudding.
I am long on this stock and under water on it.
I have bought the products, contacted people who work at the company, done my own research and from what I have gathered there is still a ways to go as far as professionalism which I will not elaborate on.
Don't get me wrong now, there are many many things they are doing which I like....but a few on which I feel they have much room for improvement, on which I have personally tried to reach out to them.
If you're going to say this stock is worth x dollars PPS, post some numbers or actual facts behind it or there is absolutely no credibility and it will be looked at as another group of 0's and 1's bunched together clogging up the information super highway.
Show me the numbers.
Looking to cost average down is what I'm trying to do. I'm a bagholder as well and judging by your posts, your cost average is substantially higher than mine. Not sure if you're trying to fool others or just yourself with statements of no substance.
You keep saying the same thing over and over.
March was the sector bubble and it popped. People jumped in on the momentum and made a shit ton of money. March is gone and won't be back. You want to base the future price action on an annomely which happened and drew new people into to OTC world for quick cash. Needless to say 90% of the "new people" lost most if not all they had put in. They won't be back.
You people keep saying the same thing about it running or having some kind of massive run up but unfortunately I'm going to have to disagree with you. Stop the dollar by year end crap.
Unfortunately, you're a bagholder attempting to mindlessly pump a stock so you can just get to your break even point minimum.
I live in a place called reality where the ends justifiy the means and something is worth only what people will pay for it.
I'm picking up another 100k around .055- .058 and that's what I'll pay for it.
Do you people even listen or just throw totally unjustified numbers out there?
Now 4-5 people in the last 12 posts are saying dollar dollar but nobody is even posting factual/ need based information on what it would take to be there. I'm long here but give me a F-Ing break. Even .25 by end of year is looking to be a stretch and about a 4 bagger from current prices.
Even with 10 mil in revs and a Gross margin of 67%, that puts fair value of the shares at .22 at current share structure.
You want to call dollar dollar? Not trying to piss in your Cheerios but put the pipe down a get a grip.
VPOR long.
So with an estimated 10 million ( for the year end 2014 ) in sales with a profit margin of 60% throughout, the estimated value per share would be at .25 given current share structure.
For a target of $1 per share, times that by four and you have a need for roughly 40 million in revenues on a 60% profit margin (minimum). There are many other calculations that would need to be done to get the exact numbers but you have a broad spectrum ball park figure right there.
You're saying we will have 40 mil revs by end of the year?
No?
I'm just curious as to where you are getting these numbers from....
In the end, the company is worth only what people will pay for it. Remember that. You could have millions in revenues on the OTC and have a PPS of jack sheet.
Come on, prove me wrong.
If there were a like button I would use it for this post.
They need to get rid of Hanover then. Many are steering clear because of it and it is an object of concern for me. Want this stock to run? Pay them off and release a PR about it. I know the terms of the deal and also know they need working capital but the clock is ticking on this one.
Those aren't pumping they are reasonable facts/assumptions.
What's had me wondering for a while is....
Where's the CBD oil? Has it been abandoned? If remember a PR stating "test marketing".
After doing research and looking into it, I feel as if it's safe to assume people thought by consuming it, they would get a marijuana like high/relaxation feeling.
There's been mixed reviews on "xxxxxx's" cbd oil, some saying there is a calming feeling at a higher dose than what is recommended but it is still fairly expensive for that cause.
I was waiting for a bit to pick some up from the company hoping to get a slight legal head trip because of my employers rigid drug testing regimen. After looking into it, I kinda tossed it out the window. The K2/spice days were fun and that was the intent of purchasing it. For anyone who doesn't know, spice was a chemical laced herb that replicated the THC compound but didn't give you a positive drug test. It was really really bad for you but whateveies when used in moderation it seemed to do the trick without any side effects. Since then it's been banned and posession is a felony.
Waiting on the oil, I might pick some up just to give it a whirl but it's more for calming in my opinion while many are under the assumption it gets you high.
I think many are worried and bash based on the financing agreement they have with Hanover (who on 10/29 of this year will own roughly 5% of our companies common stock ((with an agreement not to deal more than 20% of the daily volume after conversion))
This loan was for $1,235,000 which can ( either in all or in part ) be repaid (at a %30 premium) taking those shares off of the market. I'll tell you what if they can repay most if not all of that loan by then...they would be great. The company must be trading above .18 or defalt by that time blah blah blah anyone is free to read the filing.
That right there is what i see the twitter bashers using in the past as a reason to stay out even though I haven't seen much chatter about it lately. Also the M$IG pumpers use it as something to steer investors from this to...M$IG.
The difference between the pumpers and I, even though I am long and this is my only holding, is that I don't feel the need to twist the words around and make rediculous assumptions/predictions and feel that causes dumps.
In my opinion, Hanover is the companies biggest burden right now. Everything else looks the be great. Get them paid, reduce the A/S and we are rolling. These things take time.
Dror already said maybe later on down the road but he's focusing on FL for now....
Broadcasting where? To his website users?
Don't have access to that unfortunately...
Fill us in anyone when anyone with access has a minute?
Very curious.
Hey you're over in Sacramento?
I'm in woodland. Small world isn't it...