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So in order for the O/S to be 2 billion either A. the A/S was raised or B. every share in the market is for sale.
Which is EXACTLY what it has been.
As I was trying to tell everyone, unless insiders sold their personal shares this was just a panic sell based on misinformation.
If you want an idea of the float, consider the price dropped 50% on 130 million in volume. Even if EVERY TRADE was a sell, those numbers don't add up to a 2 Billion float.
I can personally guarantee many million of that 130 million were buys.
Because I love making money when I got in on a good move before hand with good DD... BUT I AM NO THIEF OR LIAR and detest both.
I hate to see people lose their money because of panic and misinformation. Doesn't mean I won't buy cheap shares but I sleep well at night knowing I did everything I could stop it.
I think the TA is confusing outstanding shares (shares released to the market for sale), which has been 2 billion for forever, and Outstanding Totals Shares.. or the inverse of the float (shares actually owned currently).
It is impossible for the Float to be 2 billion simply because of my holdings now alone.
I have been trying to tell people this so they don't lose their shares to me... because I will buy them and reward their panic.
People don't know what A/S, O/S, Total Outstanding and Float is.
Sad, I guess you lose some $$ and you will learn.
Well I can tell you 1 thing, and I don't need to yell about it.
The O/S is 2 billion per the TA last month and today but that certainly isn't the float ROFL. I have been eating these cheaps alive.
Tell you what, if they did in fact increase the AS in order to put more shares in the market place, I will be the first to call them on it.
Of course, the O/S and A/S has been 2 Billion for 1 month and their share structure hasn't changed in 7 years per actionable legal filings.
Meanwhile, every single penny I have been in has seen these panic sells from someone yelling (fire).
Only difference now is I have learned to make money off of these crashes instead of trying to fight it.
Newbies gotta pay their dues like I did I suppose.
$$$$$$$
SERIOUSLY PEOPLE
Use your head... if the OS is 2 billion and the AS is 2 billion, and has been for 1 month, where exactly is the dilution coming from?
Every share the company has issued has been in the market for sale.
You have people bashing a company when the company hasn't changed the SS in 7 years.
Furthermore, how in the heck can the OS (shares currently held by investors) be 2 billion when everyone here owns shares? The float is the unsold shares... Oustanding shares are held by investors or insiders.
But hey... I just made a killing of herd style panic. Thanks.
SMH lol.. some people.
So we know from 5/16 there are
2 Billion AUTHORIZED SHAREs (shares the company have officially issued for the company. Not necessarily in the market place and available for sale. This is generally how penny's like to dilute. Raise the AS and sale in market)
2 Billion OUTSTANDING SHARES (shares current for sale in the market place... period)
At the time of 5/17/17 there were 1,152,459,514 "Total outstanding shares" so the float (remaining shares unsold) was 847,540,486
So the owners could sell their personal holdings, and in the process lose ownership of their company, but there are been absolutely ZERO dilution. Why? Because everyone here has verified the OS/AS are the same. There are no extra shares in the AS to sell in the market.
Now I guess insiders selling personal shares is possible if they want to risk losing control of the company.
Most likely, and if you go back and look at the buying prior to the run, you had someone buy up 500,000,000 shares for $50k - $75k and they have been steadily selling them off to make large green while trying to keep the price from insta-tanking.
HAHA one patent is "in-band" and the other is cookie generations.
So in-band and out-of-band are the same thing?
Tokens are now cookies?
Yeah, I'll stick with SFOR
This has always been my assumption. All 3 of them have seen others get rich from their work and experience, which is undoubtedly what brought them together in the first place.
Of course I bet they never anticipated having their patents stolen and having to drag it out for years.
At the end of the day though, these guys want to relax and live the good life.
The good thing for stock holders is I would assume at this point they are beyond pissed off. Whomever buys them out is going to pay dearly. Azure use plus basically every industry leader using their patents in just bolstering the value.
#1 Someone is snagging hundreds of thousands of shares on the bid
#2 Someone is walking it down with 3 and 4 digit buys above the bid/below the ask.
Interesting...
ROFL someone just lost their stop loss
/Shrug
And yet I still make money on the ebb and flow + a large stake of free shares.
Learned long ago to not fight the manipulators. Just take some of their money.
All good here in PGPM land
I don't know why you are worried about stripper wells. Mine were turned off 20 years ago.
Stripper wells aren't why my land, directly in this area, is being leased out again.
It is fracking being able to recover a large portion of the 1/2 to 2/3rds of the original reservoir traditional methods couldn't get.
Fracking cost have plummeted as oil holds steady and OPEC has given up dumping on the market trying to kill it. Oil Field work is once again firing up around North and West Texas.
Texas Tea
Their holdings are in the Electra, Archer City, Vernon, Wagner Ranch, etc area which I am extremely familiar with.... which is why I bought once I figured out they were actually making a legit effort.
LOTS of oil still out there with infrastructure well in place.
Truth... I have been laughing all morning. They are not fully covered yet though imo looking at volume.
They are standing at the edge of an abyss praying to they creditors that the skull doesn't get taken off and put on them.
Cover now... fair warning
MY marginal tax rate to LT Capital Gains rate is certainly large enough to cost me a lot of toys.
Of course I am not going to pass up on monster gains regardless of the tax rates, but it is always nice to drop some profits in the 1040 that lower my effective rate a bit :)
Happy trading!
That is just smart trading and mitigation imo. I retained 33% of my intial, which I commonly do on stocks that have huge increases but also above-average long term potential.
I still retain quite a sizable position in OWCP which I would like to see extend past at least 365 days simply for tax reasons.
Hutch
SMH...
This will swing two dollars + on the first confirmation of either testing or sales revenue.
But by all means.... short away. Nothing warms my heart like shorties accounts burning up from margin calls.
OLD DRIBBLING ATTEMPT
Once again, SFOR investors have heard this violin for over 1 year.
Everyone here knows SFOR took on adjustable convertible debt to pay for initial phonefactor/MSFT lawsuit.
Everyone here knows why the sharecount exploded and why the RSs had to happen
Everyone here knows it was one toxic note jerk that refused to accept repayment in full and instead elected to convert that took the share structure from 200 million to 2 billion.
Everyone here knows they paid off all convertible adjustable debt except for DART which is securely locked up to SFORs benefit.
Everyone here has been through basically every alarmist attempt known to the boards. There is a reason levels are sustained around .01..... longs have that level of the float locked up. Most are probably riding free shares.
So you are saying they will convert those preferred shares?
Been a few weeks since I have seen the bands pinch this tight...
Oh look.. there is a .681 buy above a .68 bid with the ask at .70.
A whole 2500 shares. Serious frequency trading there.
I started to say something to this effect but figured it a lost cause.
Actually, looking at the biweekly FIRNA reports, it might be more accurate to say short trading frequency as a percentage has been pretty high.
Almost 1 million on the last report. As low as the daily volumes have been, that is actually pretty impressive and accurately reflects the style of buying .000x above the bid I have been watching.
They haven't hit any 4320s since Feb so they are covering. They have been successful in pushing the price down methodically but not the violent swings they are probably hoping for. On the days they get momentum retail kills it.
This I do not agree with. By the time confirmation is official the price is well past the entry point that makes penny stocks lucrative.
Barring an earth shaking event no one saw coming, this market is hedging on success. OWCP has the potential to be HUGE. Just the fact that it is a bio stock historically lends itself to large share prices if there is realized goals being met and a market (which we know there is).
OWCP is really at the pinnacle of make it or not. Studies are underway, the cannabis market is legitimizing and as receptive as it has ever been in its history. Modern medicine is coming to terms with its effectiveness even if pharma companies don't want to admit it.
I like the fact other established companies have shown interest in their work. I like the preliminary results of the products. I really like the expansion of testing into other afflictions.
I also take particular interest in the way this stock has been manipulated. Lots of low volume walk downs with buys just above the bid. Then big lots purchased by someone when a weak hand gets worried and puts a big lot of shares on the ask. Lately I have seen trivial transactions push this down followed by $50-$100k purchases. Someone is buying big chunks methodically and quietly.
This is my standard MO to an extent. Really it all is dependent on the stock itself.
Some stocks have obvious structural issues. While money can be made on PRs and short term outlooks, the company is either far too deep with no end in site or the window for sustainable business will close before fruition. Others are just gimmicks. Those I trade aggressively, don't hold a single share and move on.
Others have a viable, worthwhile product or patent that is marketable if the business plan has a chance before the money runs out. Those are the ones I will sale a part of to get my initial back or a little more while retaining a sizable stake for future growth and long term gain potential.
Honestly I cannot tell you if my method is more lucrative than pure daytrading.
Don't bother him... he is busy buying SFOR
LONG TERM CAPITAL GAINS AS OF FEB! ~ OMG! IT'S TRUE!
Still can't have my shares though :)
I will be happy to tell you what I am looking at.
A FINRA short interest report with settlement date of
4/13 of 755,757
3/31 of 1,755,503
3/15 of 2,465,019
2/28 of 2,966,273
That combined with lots of buys .000x above the bid to walk it down.
All of this happening on extremely light volume. True people aren't rushing to buy this right now while waiting for confirmation of expected results... but when manipulators get too greedy and take it down too low the bargain hunters step up and smack the ask.
There is still a lot of room to make a short position profitable if fire can be yelled at the right time and panic takes hold. That, I have seen time and time again.
As for huge ask quantities, I have never met a shorty who let the ask stay thin and risk a runaway.
Actually my interpretation is 180 degrees in the other direction.
There are no sellers at these levels. Only attempts by manipulators to bring it down on micro volumes or shorts.
Either way, when they get too aggressive longs and future longs jump on the dips and bring it back up.
This stock churned for months at a time last year establishing higher levels.
Lots of buys at the bid. MM's walking down.
Was that land purchased before 1931? If purchased/sold after that, the state just gets 1/16th royalty on minerals, of which 60% interest goes to UT and 40% to A&M as land grant schools. There may be a few pockets I am not aware of, but there is very little state owned land left out there.
That is the same for every piece of land in the Permian.
Well news to me... I own 2 sections without mineral rights. I guess I better go find them. Pretty sure the mineral rights owners are going to be pretty disappointed since they wanted $2.5k per acre for them 10 years ago. Now they get nothing!
SMH
ROFL not even remotely accurate.
You have 300k in total shares traded.
You have a 2500 buy @ .9305 which is .0005 above the bid (.93bid / .94 ask) and then a sell of 1000 at .93 dropping the ask.
That is, at the purest form, manipulation. While we can speculate who ( I don't have Bloomberg to see), the price movement is very easily explanatory and dilution is no where to be seen.
ROFL a low volume walk down complete with a holdover T trade from yesterday just to prime the movement to induce selling.
Rapid fire negative sentiments
Either someone is trying to get my shares, start a short position or margin calls.
Yeah... no way I am selling here. I will buy more though. I'll be happy to average up.
Nov estimates of shale oil reserves in the Wolfcamp shale of the Texas Permian Basic were 20 Billion barrels and 16 trillion cubic feet of natural gas.
That combined with American ingenuity of getting shale production costs profitable @ $20 barrel oil has sparked a new rush up here on the LLano Estacado.
For reference, the US is reported to now hold more recoverable oil than Saudi now. Saudi reports place its reserves remaining at around 90 billion barrels, Texas alone hold 60 billion barrels. This new field accounts for 1/3 or that.
Numbers change depending on who reports.... but the Texas field where the refinery is proposed is huge.
MMs working overtime to get this down. Someone is starting to sweat. New faces all over the place.
What.. and screw up my long term capital gains trying to chase? Nah... I'm good. Not getting my .0003s