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Not with those bids now on L2. Ask side looks thin. Bid .0017 then .0012. Never know...fun and games.
No doubt some market makers had to short this in selling shares during the big run up...although I don't buy into all this naked shorting conspiracy stuff. The last few days quite a few shares were covered no doubt when the mm's walked the stock down...although I can't believe all of them were given the volume. So, some buying pressure could come in. To have a truly big run up you need some retail buyers coming in on news forcing the mm's to scramble.
3 bidders now at .0016. May find some support yet.
Management has increased the shares this year. But to your point...getting rid of any kind of toxic financing is good. But I believe...correct me if I'm wrong...they repossessed an investment to sell to pay them off.
Anytime Cornell...believe that's not their name anymore...is out of the picture it's a good thing.
Have to admit...L2 is looking a little better...at least there are some bids stacked now....0013, .0012, .0011, .001. You never like to see like we did earlier....0017, .001. Scary.
We'll see how this plays out. I'm just here looking for an investment as I've said before. But I like to dig a little. I've learned with these BB stocks that as long as a company has shares it can sell it will stay afloat. By a rough guess if the company were to sell the remaining A/S it could raise maybe $300,000. I'd like to at least see from the company a little more detail about their future plans.
While they seem willing to rid some of the toxic debt...a quiet company in these waters doesn't get much attention.
Good luck.
Could go either way. So that's as upbeat as I can be at present. Someone emailed the company a few days ago...never posted there reply. If one wasn't received, not a good sign. Any clue?
Future price...
Honestly, if this could hold above .001 until the next Q you may get a nice run - provided there's an update in it re: revenues / web site. If the next Q is typical boilerplate penny fluff...this will "retrace" to the mid-triple zeros.
The pump...aka posters here claiming last week this was going to a nickel this week.
Some dumping...despite the company's claim in the latest Q that they had working capital for 2 months, the company sold 85 million shares since February 17.
My honest opinion.
75% is kinda steep for a "retracement". Saw on YHOO Board where someone said this was being featured on some web site. He didn't say which, lol. Good luck though...maybe it will un-retrace.
Just stating facts. From .0055 to .0014 is not a retracement. But...like I've said...just trying to get to the bottom of this. So far I haven't been convinced that there's anything here...although someone was trying to get in touch with the company. As far as I can see the web site isn't up yet. So an online retailer with no web site won't generate a great deal of revenue. However, when this is up and running you may have something here...cheerios notwithstanding.
How many patterns does this thing have lol? J/K. Still...gotta love the chartists.
Price not sinking?
Looks like it's about to make a toilet. Company better release the PR hounds.
Still...only about $10k traded today. This is the wild west!
If there's just any indications of some decent revenue coming in or may in the near term you guys would have a BIG winner here.
According to the company there are 500 distributors or more in competiton there...so I wouldn't be alarmed if he's not heard Of XHUA. But if he has or has seen any promos for them I'd take that as a good sign...or if he was able to contact them there to see when / if he could place an order.
One poster here said they were "selling books all over the world like Amazon"...more or less the quote. They need to site up and working by next Q I'd think.
Well...it hasn't over the past few days. I'm not telling anyone where the stock is going over the next few days...I nor any of you have any idea. You won't get it from a chart. Something great could happen tomorrow and the stock could go to a penny...news, etc. Who knows. All I've said is plainly evident on L2...nothing happening near term.
By the way, have any of you ever been able to access any commercial web site for XHUA. Maybe you can't as a US person. They mentioned one in their latest Q.
Seems logical. Regardless of market maker manipulation with bid / ask spreads...the volume is what it is. If there was a great deal of demand for this right now the price would go up. I know a few people here are picking up...according to them...a few shares here and there on the dips...but most people who want to own this stock in any considerable size have their shares already. The good thing is there hasn't been over the past few days any massive selling. When this situation occurs you see wide bid / ask spreads like we see here. You're talking what...about a 21% immediate loss...if you were to buy at the ask right now. When news comes...ie demand comes...these spreads will tighten. Right now you have some equilibrium...no one really wants to buy and no one really wants to sell at these spreads. All my humble opinion, of course.
But the good news for the longs is that no one is seriously dumping right now...not retail and seemingly not the company.
Then you better let the co. know they should give investors some news :) Despite the paragraph on paragraph that some have written here...the charts aren't going to move this.
Never know with the market makers. If they're not getting in retail buying they'll try to create some...same as if they need shares, they're not against trying to shake a few out.
Maybe...dunno. Looks like we'd have a new bottom at .0016. Although it looks like it's going there on low volume.
Well said. Pretty much all I've said here. This isn't going to move because the charts say so or because someone says it's ready...nor is it not moving because it's being held back.
I couldn't care less how much money you make / lose. But BEFORE I buy a stock a do a little DD and try to separate out the hype from the facts. Maybe going into the deep end of the pool with blinders on works for you.
When I ask hard questions and they're not answered...then I may start to assume that there's a rat in the cheese. If you know how IHUB works, you'll know that there are people paid to come to these boards to hype a stock...and most do not dislose that they're being compensated.
Now if my questions are answered, I take a closer look. Surely you don't come to these rooms, listen to a guy type "Wow! This is poised to move up big time!" and not ask why. Cheers.
Nice trade.
They just sold 85 million.
Yep...moves fast...low float seemingly. Just needs a catalyst.
Proof is in the price friend, lol. Only ostriches have a right to bury their heads in the sand. :)
Don't think that's the reason for the price drop / volume drop. Flippers got what they wanted last week. The longs are in with as many shares as they want. There will be no more buying interest IMO until we get some news. Perhaps, if the web site is really working, etc...some early revenue numbers...might have to wait until next quarter.
I can't argue with you their...death spiral financing with these rediculous convertibles is always screwing current shareholders.
Well...if you like that nice .0016 below that .0023 by all means be happy. I'd like to see some support there before I jump in. No reason to let this go until we get some News. IMO.
Would rather see Bid upticking.
Last post I have so this seems like a good one to answer. Not being negative just honest. If the truth is "negative" then so be it.
Shell companies can be fun...but there has to be something behind it. Maybe there is here - a lot of up volume last week. Still...the guesses have to be backed up by something - hopefully something from the company.
All you need here is for the company to comment on the web site and potential revenues, etc. and you'd have a big winner...and I'm talking a winner at these prices not those who got in in the triple zeroes - they already have their winner.
Not against buying this but I won't buy on the wild hype. I've seen posters here everyday saying...we're hitting a penny today...then yesterday it was we're hitting .006. Today....003.
This stock has just ran out of steam for the moment. When that happens something new has to happen. For example a PR from the company. Not sure when the last one was put out.
I think without some kind of "news" from the company the stock will languish. Hard to see it at triple zeroes again...but P&D's never surprise me.
A 35% decline is not consolidation. Let's hope it reaches 3...not looking good.
Just looking for an investment...but at the same time I know how these message boards works. There are many paid pumpers out here who don't disclose the fact...so you have to try to separate they hype from the stock...for example, I've seen people on this stock claiming a $1.25 buyout...just ridiculous stuff like that.
At least it looks like the company is done selling.
No one said anything about a "PR Campaign". Stocks move for a lot of reasons short term...the 10Q moved this stock. Over the long term stocks - even these piggly small ones - move on news of revenue, etc. Anything else is noise. This stock went overboard from .0018 to .0057. Now it's back to .002's. There you go.
I think someone posted that and was criticized :)
No more reason to believe that than closing at .005. You're just guessing like everyone else.
They do like to mess with you. Rather scary to see only one MM standing between you and .002. It's why they can so easily shake people out of shares.