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I noticed that, I'm contemplating to start another position at these levels. But I'm still holding back.
I know I'm repeating (for emphasis) somewhat but if this chart is accurate I think the deal well go thru - maybe even at a little higher price: http://host.businessweek.com/businessweek/Corporate_Snapshot.html?Symbol=mtdx&Timespan=1300
Everything points to a ligit buyout deal for what was a developement stage company with a unique product. The volatility and low price are easily explained from the fact that it's a pink sheet stock and has few people are trading the stock and that's it in a nut shell. All you can do is hope that the money is there and wait.
I just hope IAO comes back for some of those long term holders. Hope is a great thing but sometimes you should just sell and move on to some other security.
If it bugs you, call the company and ask them 1.877.425.7734 toll free.
From this chart everybody looks like a winner. The charts have changed a lot since the split: http://host.businessweek.com/businessweek/Corporate_Snapshot.html?Symbol=mtdx&Timespan=1300
IF this chart is accurate everybody should be happy. When I studied the charts about two weeks ago it looked like there was a lot of people who had positions at a higher price. Now everything looks fine. I'm a little confused here but I guess (hope) with the split adjustment everybody will be happy.This company has only a two year history.
I was told that they have to 51% of the vote. It was said that from June 17 until they get the 51%. Could take up two weeks but in reality it's hard to tell.
I'm long until the end - whatever that may be. I think there isn't ANY reason to sell.
As of 2:17 EST on 6/2/05, what reason is there to sell?
That's a great point Skeena. Do you remember the link so everybody can read that insiders are not allowed to sell? I wasen't sure about this.
I think the link is: http://biz.yahoo.com/prnews/050503/latu085.html?.v=9
Put "return" in find command.
You could be right - buy I'm RISKING that it's a ligit buyout. That's the risk here - whether you can trust this unknown company. Won't be long to find out who's right.
We can all learn from what the final outcome will be, here.
Maybe someone could call and ask them.
The market can be very poor on OTCBB and pinks. For example, I know of a stock OTCBB company that has a book value of $2.11 profitable and is trading around .45! See http://finance.yahoo.com/q/ks?s=CRWS.OB
Because most of the traders here are dime and quarter flippers. Long term for most of them would be anything over a week.
Most short term trader lose money. The shorter the time frame the more liken to gambling, not investing. People love to gamble!
If you want want to flip stocks, sometime you'll have great gains and other times you'll have great losses. If you wish to go this route good luck - and make sure you have some kind of disciplined approach.
Unless you're an insider it's probably impossible to tell. A prediction would just be a guess.
Sorry to repeat - but there're probably only 20 to 30 trading this stock. There're pretty much was no market in this stock 1.5 months ago, inactive, dorment, illiquid, whatever you want to call it.
You'll probably get the 3.125 in the end but not without lots of ups and downs.
You cannot judge this buyout by what usually happens to NASDAQ and listed securities. OTCBB and pinks are in a class (very low - junk) of their own. Of course there're some that make it and this is probably one.
I think with a little money on the table, we'll won't see a dollar again unless some bad news comes out. Just my guess and it sure will be interesting to watch.
It wouldn't surprise me if somthing like this happened: as we draw closer to the vote the price gets to 2.50. The deal is voted down. The price plummets to under a dollar. Another bid comes in for 3.50, which is accepted.
Looks like this is just a specific point in the agreement that they made, probably to make sure that Formula had the money.
I'm thinking that you may see the deal voted down by one big shareholder, and possible a little higher buyout price. Just a guess.
That's why I'm here is to learn from this experience. There're several thing you just don't know here. When you're dealing with buyouts there're always some uncertainty until the money is put into your account.
Are them going to stay on the AMEX? I used to follow this company but don't know where there're at now. What are the propects for becoming profitable?
I hope then can stay on the AMEX. I know of a company that has a book value of $2.11 and is trading around .55. I think because it's traded OTCBB. I hope they don't kicked off the AMEX
http://finance.yahoo.com/q/ks?s=CRWS.OB
I asked the IR woman about whether Formula had the money about two weeks ago. She said they assumed they did or they wouldn't of signed. That's all she would say.
It looks like Formula is a small two or three person LLC, but in reality it's hard to accurately tell without an official statement from the Limited Partnership.
If the whole thing fell apart and the stock plummeted well below a dollar, I'd still wouldn't sell because then I'd wait to see what would becomes of the emerging products that Motion is now starting to market. I would just bug them to get OTCBB listed.
You can lose a lot of money trading in and out of stocks too much without giving them a chance to finish out. Of course you have to start with a stock that has a lot of potential to start with. I feel their is good potential here. At least enought to give them a year or two unless things would change a lot.
No - I won't sell because I feel confident that in the END the shareholder will get 3.125 or higher. You're right, the MM are in control but I think only for a few more weeks.
This is my first and last pink.
Doesn't seem right down .36 on 10,000 shares but I guess there're not much you can do except hope the buyout goes through.
What a stock!: 12:00 3500 @ 1.50 12:04 1900 @ 1.14 on no news today and good news yesterday. You're right, the MM are work'in it. BxA = 1.15 x 1.42 @ 12:18 pm. Down .36 on about 10,000 shares.
So even if the buyout is voted down, they'll probably be something worked out, maybe even a little higher buyout price.
Agreed - Yes.
That's why I was spending so much time at this board. This is the first pink sheet stock I've purchased in 10 years. I wanted to see if I could gain some insight from thoses who know this type of market.
When I talked to the company IR, they said that if the vote passes all outstanding public float will get 3.125 per share. Management to get stock and cash.
Call them yourself if in doubt.
Sorry - but I just couldn't take the way this thing was dropping everyday. It looks like everything will work out in the end.
This is correct.
I'm not trying to bash the stock so I can buy it at a cheaper price. If it wasn't for the news release today it probably would be around .80. It won't matter if it's at .50 or 1.75. if the buyout goes through you'll get 3.125 or maybe a little higher if it doesn't. I don't know where the price is going short term - but I try to guess.
I'm just trying to figure what kind of company this is and why the price was going down so much with all the short term good news.
You should check everything, do your own DD and decide for yourself not what someone puts on a message board.
No - I own the stock and am trying to be objective from a two year standpoint. I've only been around for a couple of weeks but it's not hard to study their history.
At this point, I would keep the stock and let the buyout finish.
Anyone is free to disagree, this is my own opinion. You should check everything, do your own DD and decide for yourself and this isn't investment advise.
I think they were just getting more sell orders then buys. If the news didn't come out I bet we be in the .80's to .90's now, may still get there.
From my DD, this company never cared much what their stock was doing until April 15, 2005. When you have TWO reverse splits in TWO years and allowed the price to get not under 5.00 or 1.00 - but .10 - what more can you say!! I just hope I can get out of this one alive.
Formula 51-2 LLC will just have to pay less for the stock.
I don't think the MM like this one because there's not enought daily volume, hence the large spread.
I'll bet that the general feeling it that because this is a pink sheet stock that there is very little trust until after the vote.
This could be one big roller coaster ride.
Very small market in the stock.
Only 20 to 40 people trading the stock - my guess. No one else to buy - Formula 51-2 LLC won't have to pay as much.
Majority of traders are probably flipping the stock. You'll probably see a lot more volatility in the stock before it's all over. I think almost anything could happen.
I just hope the deals goes through @ 3.125 or a little higher because I paid a lot more than a 1.00 for my shares. It doesn't surprise me that it dropped after I bought it.
Of course it's foolish to sell until the buyout is finished out.
You can call the company about the average price if that's a big concern to you.
Wouldn't surprise me if it went to .30 back to 3.00. This is a real roulette wheel. Not for the faint of hearted. Disposable risk capital only.
This is ALMOST like a private company. They don't have any financial statement filed so public investors can look at, dormant stock, almost no info about the company. I think they probably wanted it this way. Didn't want to bother with all the hassle of filing financial and all. That's why their on the pinks, the LEAST they could do if they were serious about their stock price and stockholders is to get OTCBB listed.
Think about it, if you're a public company and you don't have to file almost any infomation about your company, who in the world would be interested in buying your stock except a handful of people.
Looks like its going to its reverse split price of .30.
I mean think about it, they ALREADY announced that they SIGNED a buyout agreement for 3.125. If that won't move the stock it's probably because there isn't any real market here. Just maybe 20 or 30 people most of which are daytraders, dime and quarter flippers, ect.
The other thing that this could be is some sort of scheme to get the stock price up, which it probably isn't. I think it's a ligit buyout. If they wanted to get the stock price up and dump they'd get listed OTCBB and start the "buy advertisment" mail mill, which seem to work pretty well for a while. I get dozens of these a year. I keep getting them for SVSE, FDEI, HESG and many others which are are ALL lower then the price I got at the time of mailing.
My guess is that there're not that many people watching or trading this stock because there was no real market in the stock before and around 04/15/05. The market is starting to develope, just starting I think.
Pink sheet stocks are not followed by very many big money investors. Most big money investors won't even buy NASDAQ small caps or OTCBB. This probably being the case, I think this stock could possible drift under 1.00 and then suddenly leap to the buyout price. What do you guys think?
I had some time this weekend and found the State of Arizona site using Copernic which has Formula 51-2, LLC registered, everything looks good, see:
http://starpas.cc.state.az.us/cgi-bin/wspd_cgi.sh/WService=wsbroker1/names-detail.p?name-id=L1081472...
http://www.azsos.gov/scripts/TnT_Search_Engine.dll/ListNames
Anyways, it will be interesting to see what happens in the coming weeks.
It seems, if the contract IS SIGNED as stated in the news release, there's little chance of it not passing, maybe even for a little higher price in the end.
You're probably right. I"ll try to hand in there and follow the buyout until it's complete or whatever.
Sorry - but I'm down a lot. Hopefully it will come back this coming week. I hate being down so much.
I hope you're right. It sure dropped a lot last friday - like somebody knew something was bad.
I just hope this isn't some kind of scam.
I was expecting it to stay around 2.00. 1.75 to 2.25 until good or bad news either way.