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If this dips tomorrow as I expect, I will be buying aggressively
Wide bid and ask. Low volume for the day. Float is definitely locked up
This is getting hard to watch. Might see .0003 today. Yuck!
I have been traveling most of the day and I am now on a flight from LA to Boston. When I left this morning the stock was up a bit. Now it just closed down 33%. From any long only, was there some rumor or catalyst for this big selloff?
Really starting to pick up now! Shorts are probably thinking about covering real soon!
I was hoping for a recovery in the stock price this afternoon. Not looking like that is going to happen. Sellers and buyers are in a stalemate. Oh well longs have nothing but time on their side to wait for this to work out.
Agreed Raven. If we can manage a green close that would signal a reversal of this downtrend and I would be looking forward to the opening on Monday
The retail panic selling seems to have stopped. Now we just need some buying to start coming in to erase some of the losses. Overall this has just been a crappy week in the entire stock market.
Still too many sellers or shorts. Let's hope tomorrow is a better day
I wish but I am not seeing that.
You are right. Every group, long or short, only has so many members and so much money. Skyes group will exhaust their cash soon.
Just can't quite get over the .047 hump!
Looking like it wants to go now!
I doubt it will go back up to even today but it seems to have found a trading level in the low to mid 4's at the moment. The longer it churns here without going down further would be a good indication it might reverse at some point today as buyers become a little more confident they are not trying to catch a falling knife
The sec demands information from the company regarding share structures, trading by insiders, financial information etc. They must receive satisfactory answers or fixes before they will allow trading to begin again. If they don't get what they need then trading is not allowed permanently and all is lost for investors.
Good point. They are buying back shares instead of selling more to us. That has to be music to the ears of the sec as they apparently are taking a close look at all of the mj stocks.
It's not the products that are being sold that are getting these companies suspended. It is the stock manipulation and dumping of shares to unsuspecting shareholders that gets the company suspended.
Son of a gun! My account just went in the red on this stock. Didn't think that was ever going to happen.
Sellers have a hold of this at the moment
Just bought another 150,000 shares at .049
From IHUB information post
Reasonable removed INO (7 days, 16 hours, 1 minute ago)
Momentum and the fact that tomorrow is the last day to buy prior to the investor conference on Monday. What is the point to presenting at an investors conference if you don't have enough information to present to encourage investors to invest!
Without news we hit 2.20 tomorrow. With news who knows!!!
Good Morning celtic. No, the end of the day volume was not all flippers. Much of it was just regular investors panicking and selling as it started to go down. That feeds on itself as more people sell, the price goes down, and then more people sell. Just end of the day fireworks. As for today we could see some weakness at the beginning. I think pre-market will give us an indication of that happening or not. However, as you said, any weakness will be short lived and a buying opportunity.
Just checked after hours trades and I see we are at 1.97. Nice! I wonder if we will leave the 1.90's behind tomorrow and make a base above 2 dollars?
Jimmy, I don't think anyone has anything new because there is nothing new. My latest contact with Krantz last week he told me that when he has anything relevant to release he will do so. Obviously he still has nothing concrete to tell us to this point. He also has stated to me twice that he will not come out with anything just to say something. No investor updates with general information in it will be forthcoming. There will be concrete information to share with us or there will continue to no pr's. So we have no choice but to continue to wait for something to happen. The longer this goes on with the company making no progress is obviously a negative thing for all of us.
Like product sales that bring in revenue? Might that move the stock despite the stop sign?
Very nicely said Jimmy. This is a risky arena to invest in. We all know that. I have made money and lost money in penny stocks. This is the first time, though, I could not sell a penny stock for a reasonable loss if I wanted to. No doubt a million or two million shares would drive it to triple zeros. So, no I am not going to sell at this point either. The products are supposedly good and the company is still in business so we hope and we wait. Maybe we will be well rewarded for our extreme patience. We will see.
I understand how you feel but I just won't make excuses for Krantz anymore. Way back on January 8th he told me the company would be current in as little as 30 days. In February and March he told me the company would be current in 30 to 45 days. Obviously that has not happened. He also told me over the past few months that product news would be coming in some near term pr's which was seperate from the company becoming current. That has never happened either. So, since there is no bid to sell into if any of us even wanted to, we are being forced to continue to wait for something to happen. The problem with saying we can wait a few more weeks is that, if nothing happens, we will still be holding a stock we cannot sell. To say we are all being held financially hostage is an understatement. You guys all know I am not as patient as you are. I don't mind waiting so much as being constantly lied to.
That is my venting for today. Thanks for listening
Okay. Tonight I have sent a very tough email to Mike Krantz regarding current conditions at the company. the complete lack of information, and the false optimistic statements sent to all of us for many, many months. I fully expect him to respond in detail to me regarding the current state of the company, If he does not, then my conclusion is this penny stock may be another scam we have all experienced before. This just does not smell right to me. I have been patient and confident that this might be a successful company but Krantz has not delivered on one thing he has promised since his first email to me in January. If he does not respond to me positively I will begin to try to sell my shares for whatever small price I can get for them. Something is wrong here as it stands now. If he does respond to me positively I will post the response.
I just want to post here one final time. I am completely done following this stock and this company. I fully believe Frank has scammed all of us out of our money. I know some here disagree and that is okay. I hope I am wrong and you all make a pile of money on this stock some time in the future. But for me it is time to get on with my life. The money I have lost is now history. Q Television may very well go on to be a successfull network but I don't believe the stock price will follow. That is just my opinion.
I enjoyed talking with all of you tremendously and I am sorry it has to end this way. Everyone I got into this stock over the past two years has sold and taken their losses. I hope most of them will eventually forgive me and start talking to me again. My brotherinlaw is particularly peeved at me. He lost a pile. But I am family and he will have to eventually forgive me. I hope!!
Good luck to all that still believe. I will not be back.
My guess would be that he really does not care about the stock price or he really can't do anything about it. To expound on that my guess on the first part is he got all of the financial gain he possibly could by selling many billions of shares at each level all the way down to this point. Now that the stock is virtually worthless he can no longer go to this well of potential dollars and just is dismissing the price. From this point on he will have to finance the company through subscriptions, ad revenue or any other type of financing he can get his hands on. Stock sales will no longer suffice.
The second scenario is that he was forced to sell shares all the way down to where we are now to keep the company afloat. He did lie to everyone that he was not doing it to protect the share price at each level so he could continue to sell shares at the highest price possible to realize the most dollars from his sales. Completely unethical but necessary from a business standpoint.
However no matter which reason he has chosen this path the reality is that the stock price and financial picture is in shambles. There is no way to stop the price from going to zero bid and .0001 ask short of buying back a big part of the float. Subscriptions and ad revenue would have to be monstrously huge to get the stock price up to any significant degree and keep it there with a 60 billion shares AS and who knows how much OS. There will be just too many people willing to sell their shares for any prices higher than what it is now.
All the above, or course, is just one man's opinion. Take it with a grain of salt.
God I hope he does sell. The company may be doing well but the financial condition appears to be horrid with a lot of lawsuits in progress which could settle to the detriment of the company not to mention the stock price. Two more ticks down and the stock price is worthless. Why has Frank allowed it to get to this point?
He just is not going to do that and you know it.
That is a tall order for Frank to fullfill. I doubt it will ever happen but good luck in that wish!
Well there is that.
60 billion shares. Without a buyback there is really nothing Frank can do with the share price. If it goes up on any news the sheer volume of selling from shareholders who would like to get some of their money back would overwhelm the buyers.
Frank needs to reduce the OS. There is simply nothing else that can get the stock price up significantly and permanently.
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