Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Anybody who isn't familiar with how the OTC world works (especially these penny pump boards), you better be educating yourself quick. This stock just went from being another high risk penny stock to something with odds equivalent to a lottery ticket. The RM is NOT done. If it was, there would be official filings showing that to be true. Handshakes and tweets don't mean jack. This is basically a worthless company that has been pumped up to way more than it is worth, and Parsons and Reinharz have both benefited greatly from it. Smart investors who have been trading this stock have as well. And yes, many of the "longs" on here have been taking lots of profits as well no matter what they say. Look into Parsons past. Look up red flags to watch for with these RM's and penny stocks. You will find many of those flags have been run up the pole already. And don't base your finances on anything you read on this board!! This post included. I am not trying to pump it or bash it. I own free shares and have no plans to buy any more.
Why would RAD partner with a company 18 million in debt, just to turn around and dump their profits into paying that company's debts off?? They will dilute the stock to pay the debt. And nobody should be surprised, or angry when that happens.
I have had a base position since .03 dummy. And I have paid for that position 5 times over by trading.
They will dilute the stock to pay the debt. Probably on an initial spike after the merger, but maybe further down the road. Who knows when, but that is almost certainly how they will pay it down.
They reported that in February. Old news.
I agree. Sounds like some positive PR is coming and that should carry us to the merger deadline. I think we both had some good timing.
Highly doubt that. I waited and waited for my .10 position to fill, finally threw in the towel and bumped it to .11. I might have actually bought at the bottom for once.
YES, BECAUSE O/C SHELL COMPANY MERGERS ALWAYS WORK OUT....LOL
VERY HIGH RISK! THAT IS WHY PEOPLE HAVE AN ITCHY TRIGGER FINGER. BECAUSE THEY DO LIKE THEIR MONEY.
I WAS HOLDING A BASE POSITION SINCE AROUND .03, BUT LET ALL OF IT GO AT .17. IF MY <.10 ALERT BUZZES MY PHONE I WILL START WATCHING AGAIN. THIS IS A VERY HIGH RISK STOCK. NO WAY I WOULD BE HOLDING LONG POSITION UNLESS THEY WERE FREE SHARES FROM FLIPPING. ALL OF THE TEASER TWEETS AND PICTURES BEING POSTED JUST DRIVE MY CONFIDENCE IN THE STOCK DOWN MORE AND MORE. JUST SEEMS LIKE ONE OF THE COUNTLESS O/C R/M SCHEMES THAT WILL "FALL THROUGH" AT THE LAST MINUTE FOR SOME REASON, WHICH HAPPENS 99.7% OF THE TIME.
GOOD LUCK TO THE LONGS!
This thing moves FAST!
Because it could be getting walked up for MM's to take profits before going right back the other way.
Right. It is only being manipulated when it drops. I forgot. My gut tells me you will be seeing it get walked the other direction before long.
Is it just me, or is this thing is being walked up 10000 shares at a time.....
Those two issues aren't a secret. I believe those to be non-issues.
I have a base position I have held since mid 2's.
Has anybody considered that MAYBE Parsons is simply inflating omvs with rad news so he can use dilution to raise money and invest in rad, without ever having intended to really merge? He would have done nothing legally wrong by posting all this rad news to pump omvs, and as long as it appears they 'tried' to merge but it fell through for any number of reasons. He would be in the clear and would have raised a decent chunk of change to invest in rad.
I am still researching, but what happened with vision plasma systems while he was CFO is concerning. Especially if you go back and read the post from late 2012, early 2013 before the whole thing came crashing down. Lots of dilution while bulls claiming it will worth dollars any day.
Just something to think about......
'
I am not an expert by any means, but that could have been from more than one MM buying together, and at any point during the day. They could have bought in at that price early and already flipped those shares back into the market. At least that is my understanding.
Out at .067. Still believe there is plenty of time before the merge. If history holds we will be back in the 3's before that happens and I can increase my position. Lets see how it pans out.
Just buying. There have been several positive news releases about RAD, but RAD and OMVS are not officially merged, and none of that news moved OMVS. It has actually dropped on positive RAD news. I see no reason to believe that ANY news about RAD will move this stock prior to the merger, based on what has happened over the last couple of months.
We have heard more than once that notes are done. Still waiting for that to be the case.
Buy in the 3's, sell in the 4's, wait for dilution. Wash, rinse, repeat. LOL. It is like clockwork.
I think it is still being diluted. Those with Level 2 would be able to get a better idea, but when these 10000 share blocks start popping up and don't go away, it seems pretty obvious. The other day when it got up above .06 I saw little to none of those come up. Then they started popping up and the price has been dropping again ever since.
Probably because OMVS is not RAD as of right now. Yes, there is a binding letter of agreement, but that isn't the same as the deal being closed. Second, the stock is getting hammered with steady dilution. Lots of possibilities with the company, but I am done until we get some clarity about what is going on.
I did the same. We been getting the middle finger for a while now. If it drops I might get back in. If it goes up...well shame on me.
I am also still a long. I bought cheap so I am not hurting (yet). But I feel for everybody who entered higher.
There is still a lot of potential here, but what they are doing is just discouraging.
Apparently the thing to do is wait for a encouraging tweet or post. That means they are trying for a little pump so they can once again crank up the dilution.
There will be no bounce until these blocks of shares quit getting dumped into the market. They have diluted it down from .10+ down to almost sub .03. Why would anybody assume it is about to suddenly stop?
That is what we heard at .07, and .05, and .04. Might be hearing it at .01 too.
I bought cheap enough to still barely be in the green. Obviously I should have taken profits several times already, but that is the whole hindsight thing.
Yep, I am wondering how far this will get watered down. I used to think .04 would be the floor, but now I wouldn't even want to guess. We could see <.03 this week easily if this continues.
I have .004%. LOL!
I hear you. I figured there would be enough penny flippers left out there to walk the PPS down though.
Very true. I expected more blood loss. Strong base.
I stole them from you...
Officially, the 10K is for the period ending Feb. 28th, so they don't HAVE to include anything that is going on right now I don't believe. My OPINION is that they are though, which is why it is taking so long. There is just no way of knowing without seeing it. Historically, I jump ship on any company that can't meet the extension deadline (served me quite well with FNBC). I am holding this one though.
It might not be released until after closing, but if they miss this deadline I would expect to see some bargain basement prices tomorrow....in my opinion.
15 calendar days from May 30 is today isn't it?
May 30, but got a 15 day extension, which means today. But people who aren't long this stock might not be willing to take the chance of them not making today's deadline.....in my opinion.
Yep, it's the guy who hasn't released the late 10K yet.....