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You mean from a charting perspective? If that's the case, I'm not much of a chartist. I find little use for them. I would assume from an apriori, before the fact, standpoint, you'd never really know for sure what company was a scam.
I just follow the volume. If you see massive volume with no reason behind it, or just a lot of posters touting the stock for no reason (a company with little to no revenues, few if any employees, a history of reverse splits) you're probably looking at a scam or at best a paid stock promotion with pumpers being given free shares, which they'll dump on the way up. Or you may find out that, if the volume isn't accompanied by sustained price increases with decent size trades going through, the company is selling shares. There are just so many factors.
Best advice...if someone on these boards is recommending a stock to you and posting everywhere about it...don't buy lol. It's all a gamble though.
Pretty typical for a CEO to predict "diversified growth" after he's diluted you to high heaven.
Been watching a great many of these boards...a lot of paid pump and dumps going on.
You never know on these boards. As for free trading shares...hard to know that unless you just happen to run across a board that discloses it. There were at least 6.5 million shares given away for promotion.
Trust me...even the best take some hits in pennyland.
Funny...given your posts regarding YA's involvement with XHUA. Hmmm...nice 10k this morning. You should at least be consistent. Take XHUA...no revenue...no working capital...almost out of shares...guess what that means?
And now the free shares get dumped?
Not likely as it's a paid promo.
Hmmm. Interesting. Probably easier than playing q-back in the NFL. I can't read defenses but I suppose I can promote as well as any mobster in a back office, lol. Just kidding on that one - no offense to any of you back office mobsters out there.
I would've thought some kind of licensing required. Oh, well.
Quick question.
These IRP firms...how do they get started? How are they organized? Are these companies SEC registered? Just wondering about them. Been reading about some of the companies out there like MEC. Not asking for you to give me any state secrets, LOL...just wondering how they work and are started.
Thanks as always. If you answer, I'll tell my D-line never to hurt Mr. Brady :)
Apologize:
Let me apologize in advance for another Steelers' Superbowl in 2009 :)
J/K. Thought you'd get a kick out of my false modesty. I'll give you your due...Patzzz...not bad.
It has a lot to do with why a company does one. In THEORY whether it's a forward split or reverse you're no worse off. However, a forward split is sometimes seen as ok because it's sometimes done to reduce the share price after a stock has increased in PPS to undesired levels...a $100 price let's say.
Most companies that do Reverse Splits are in distress. For example, companies trying to maintain a certain price to be lisited on an exchange, for example maintaining a $1 price level.
Historically, on the OTCBBB, a compay that does a reverse split is right back to the pre-split price in 2-3 months time. Although you'll hear experts say reverse splits leave you no worse off, it's really not supported by the evidence.
Hope this wordy answer helps.
They have to R/S. It's part of the "financing". You don't do only have a wash. Gotta do the who cycle :) Long live Ravenmoon, LOL. Sorry, just poking a little fun. The good thing is we all know this game beforehand. You buy a .0001 stock with a history of R/S you can't really complain when you get another.
No...doesn't appear you're reading that right. Read the amount still out and owed at Dec. 31, 2008 = $2.6mil. From Jan. 1 to end of March this year another 114 million shares issues. Even at .003, that's nowhere enough to pay off the $2.6 mil debt.
U entering AON bids? I don't think these have to be shown.
R/S's don't require shareholder approval.
Defnitely one ugly chart friend. Strike 2 as you noted...volume. The only volume it's had in three months has been down volume. Strike 3 - Las Vegas company in "acquisition" mode, which usually means "we're going to be dumping shares".
Bottom play? Definitely would look for a little bit of up volume.
All my humble opinion of course.
Good luck.
Did all the research I needed...that could be found in the releaes. No revenues currently. But that's common on the OTC. It's the future that counts. The big negative was the company selling shares when they said they didn't need to. But that's not uncommon either.
These things go up (and down) from day to day. As you can see from the XHUA board...some of the flippers have already sold today.
In the end, this will survive only if it finds something on which to make money. Book publishing hasn't worked out. The auto business? Who knows. But even you have to admit, such an abrupt change is not inspiring.
Time will tell. But so far this has only been worth flipping - a few of the posters making a couple hundred here and there. Big money - not here. Not yet anyway.
LOL. You guys were pumping this thing just as hard at .005. So who is shameful. I wish you all the best, but you should be more "honest".
You serious? This stock is down over, what, 60% in the past couple months? Wasn't my doing...just look at last PR...in a matter of a couple months the company has given up on its "great business opp." for "another great bus. opp." Of course, this is pennyland so you have to expect it.
Why would you say that I don't own the stock. GL though.
Something definitely up. Either news coming or stock promo. One is good / one not so good.
Thanks. I'll definitely keep a look out.
Not going to be any trades with that spread though.
The CEO looks too similar to Madoff for me LOL. J/K.
Well, bud, would love to be in early on one of these. I'm afraid I'm like Cinderella's fat sister when it comes to these - I'm just not able to get the glass slipper so to speak :) Good luck, however.
Pow! Whack! Batman attacks.
Yeah...called a massive stock promo.
Amen to that. But then again I'd no exactly how fat and ugly I'm going to be when I'm older.
What's going to spark interest?
By giving up on the book publishing business this week...the company is saying they have generated no revenues from the newest plan. With less than 200 million shares authorized left to issue or thereabouts there aren't a great many options. One...definitely release the other shares. Two...R/S and use the authorized to get another "loan".
Not blindly criticizing you...just IMO don't see what's going to spark interest. Can't be the charts...everyone can see the charts. So, unless you know something others don't, you're just hoping, even if you write IMO after it.
Diddn't they just decide to enter the publishing business lol? Geez.
Came off the 15th. Where did it go? You can watch dozens of stocks that go on and move off the list...not normally a big factor in price movements, as the mechanics of OTCBB trading is fairly common knowledgeThat knowledge is available for all to see. Will not / cannot move the price. If JPM pre-announces earnings to be officially released on the 1st of June, what happens on the 1st of June?
Anyway, can't dissuade true believers.
XHUA will rise or fall in a meaningful way based on what mgt. does with "the business". Given the fact that many here have contacted them without response is why I never bought...heck, even cautious managements are allowed to say "buzz off" lol.
But Have a nice weekend, Brikk
The fact that a company goes on the SHO list doesn't mean it's being manipulated at all. If you'll not back in mid-Feb. we had a substantial increase in trading volume. While stocks can be manipulated through "naked short selling" one doesn't necessarily follow from the other. A little basic research - even from the SEC web site would stop all the nonsense about naked short selling of OTC BB stocks. I quote...
"A fail may also result from naked short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives.
Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, naked short selling contributes to market liquidity. For example, broker-dealers that make a market in a security generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks such as securities quoted on the OTC Bulletin Board,5 as there may be few shares available to purchase or borrow at a given time."
Pay attention to the last sentence. Is manipulation happening here? Who knows - it's hard to know. But the odds are against it. I can tell you this...I've seen hundreds of posters commenting that such and such a stock will fly once a security goes on or comes off the list...doesn't happen. You want this stock to move - have mgt. return email, etc., or update re: its business plan (if it really has one). No amount of conspiracy theory will move this. And to please the rest of you - although what I've pasted is FACT - the last sentence was IMHO :)
Really? .0013 to 0 is a pretty big move. Not saying it's going there.
Looks like a few more of you have punted today.
Sorry had to respond here. RE: last post. There are times when people post no doubt to maniuplate a price in either direction.
I don't consider someone posting "negative" about a company any more bearish / bullish as I would consider it "positive" that someone is posting great things about a stock - as you've seen, many paid promoters on these boards.
I have often taken to task, rightly or wrongly, posters who post great things about a stock while the stock is being diluted. Especially, when mgt. tells you they have enough working capital for a few months and then they're selling shares the very next day.
So I wouldn't take my posting as meaning anything and I'm not on YHOO>
True...but I've never lost money not buying a stock with no reported revenues.
Still...not going anywhere here significantly until at least an update on the business plan. You don't have to have revs but you need some idea that there may be some in the future. Otherwise your speculation is nothing more than gambling - and the house (in the penny world known as the printing press) always wins.
Haven't bought 1 share. Not until some update. Way I see it...50% chance I lose money by not being in; 50% chance I'm not a bagholder or reversed out. Without revenues there's only one way a company can survive...issue more shares.
If Friday "didn't tell the story" on this one there's no reason Monday should either - one way or the other.
You guys kill me with this chart "analysis". This was never / will never go anywhere without an update.
Well, last post today. No doubt you're right. That's the fun part of this...besides making money...taking the plunge. Probably 99% of these companies are pigs...but a couple can fly for just a little while before becoming sausage.
Hmmm...maybe I've just been lucky in my life...but buy low / sell high has worked pretty well.