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.
I'm not trying to make a big long discusion about splits and past history, howbeit, its turning into this. All I'm trying to point out is that most of the stock has already been issued. For a long term holder who didn't sell, unless he recently purchased more shares, is going to have a small to large loss depending on their split adjusted cost basis, even at the buyout price of 3.125. Some of the longer term holders might not think that 3.125 is enought and that the company is just now starting to obtain contracts and starting to grow.
Have a good weekend.
Yes - but it seemed to me like kind of steep sell off. Was excepting the price to go the other way.
One good thing - didn't these large shareholders have to approve the reverse split(s)? I believe so.
I'm still holding to the end - was just upset by today's price action.
I would think that if your had a large block, it would be hard to find someone who'd buy it.
It says 400.00 @ the top See: http://finance.yahoo.com/q/bc?s=MTDX.PK&t=2y
Your right its 375.00 See http://finance.yahoo.com/q/hp?s=MTDX.PK&d=4&e=13&f=2005&g=d&a=1&b=2&c=20....
Looks like 400.00 in the chart. Sorry honest mistake.
That's not the point. The point is that the long term holders from a year or so ago have a cost basis of say $200.12 and are large holders and who couldn't really sell large blocks of the stock at a gain.
Anyway we'll see what happens in the next four weeks.
Cost basis is the accounting term. And I beleive there're a lot of people whose cost basis is way above 3.125.
That's the point see: http://www.investorshub.com/boards/read_msg.asp?message_id=6297998
Mad because they let the stock go so low. They didn't care about the shareholders. What's $3.125 when my split adjusted cost basis is $212.25?
Forget it.
My idea of dilution would be for the people who invest from 3.125 to 400.00 SPLIT ADJUSTED See:http://finance.yahoo.com/q/bc?s=MTDX.PK&t=2y These people are losing money.
I guess, I just wasen't expecting this to come down so fast. Maybe I'll feel better in a month.
It just seems to me that since the pink sheet companies don't have to file hardly anything that maybe this is some sort of scheme so insiders or somebody can get rid of their shares. I just hope I'm wrong. It just seem strange to me that now it's really not that close to the buyout price. If it's a scheme you'll find out after the fact when its too late.
I'm refering to the one on 04/18/05, here: http://www.pinksheets.com/quote/company_profile.jsp?symbol=MTDX
Anyways it dosen't look good with all the selling today. Probably sub 1.00 on Monday.
Maybe there're a problem with these shareholders. Because of the RS they vote againt the buyout because they are getting diluted.
Looks like there're going to vote against the buyout - that what their saying today - what else could it mean?
I never use stop losses except mental ones, I just sell. The thing it seem to is this stock goes up only a little with good volume and down very fast on light volume.
I'll wait it out.
Ok, Sorry - But roller coasters make me sick.
Yes because I didn't expect it down so far so fast. Remember this is my first pink sheet stock. So you think everything is fine?
Look like it's in a free fall like somebody knows something bad. 3000 @ 1.40 - ready to break into the 1.30's
Or - you're probably right. The MM's are probably manipulating the stock here. The company already did their share with the reverse splits.
(Sorry for mispell) We hope. I think ANYTHING could happen here.
It's wouldn't suprise me if all of a sudden they pulled the bid and it returned to sub 1.00. There pink, they have to expose very little. I didn't say this may happen - just it wouldn't surprise me. 1.50 as I type. Looks like its heading to sub 1.00, no buyers. Something dosen't seem right. I'm ready to bail out.
We hope. I thing ANYTHING could happen here.
.10 spread, few buyers, lots of sellers. Headed to 1.50 and suppost to be worth 3.00. Welcome to the pink sheet stocks.
I agree with you. I just would like to to see it stay close to 2.00 not a 1.50, but that's life. I really didn't think it would be easy.
Boy - It's really starting to drop. I hope this isn't some kind of scam to pump the stock up so somebody who purchased under .50 can make a killing.
Anyways - I'm holding until the end. I rather think that there just aren't that many people that know about this stock and the second they find out it's on the pinks they say, no way. Tickets.com acted a lot like this but in the end you got your buyout price and it was a pink sheet company. See:
http://host.businessweek.com/businessweek/Corporate_Snapshot.html?Symbol=tixx
I hope it passes too. But if it dosen't, it will probably be better for the longer term shareholders. Its just my guess. I was wrong about Elan (ELN) and sold too soon as I never imagined in go to almost 8.00 so quickly. It really hard to try to predict a lot of times. Sorry, I'm mad at myself about Elan.
I wouldn't be suprised if the scenario went like this: one or two big shareholders vote against the buyout. The stock tanks. In a week or two, a little higher bid comes @ 3.75 which is accepted. All the short term traders who sold, lose out or make a few pennies. Just a guess, but a lot of time the end isn't the way you expected.
This is the first pink sheet company I've purchased since I started ten years ago. Most pink sheet companies are barried in obscurity, non-liquid, little money - the bottom of the barrel in my opinion.
That being the case, I don't expect such companies to act like NASDAQ small caps or listed stocks. Howbeit you do have an occasional opportunity no matter where the security is traded. Hopefully this is one.
I used Copernic paid version which used every search engine I know of (there are 17) to search for Formula-52. The only thing that comes up is the stuff in the news releases. No big concern because it is my belief that Formula-52 is a fairly new LLC. I don't know what I could ask Motion except for Formula-52 phone number. They probably won't tell you more that whats in the news releases.
I not too concern about it. I knew when I purchased shares in Motion that there was risk that maybe the the buyout may not happen, for whatever reason.
Making money fast is seldom easy and trying to time the market is very difficult if not impossible..
Well, at least it's down on low volume. I guess that's the only positive thing I can think of. Of course the day isn't over.
Who knows what the largest shareholders are thinking about the vote. I mean split adjust, this stock has been as high as $400.00.
See: http://finance.yahoo.com/q/bc?s=MTDX.PK&t=2y
My guess is that they'll vote for it. If they reject it - sub $1.00 and this company has very little market in the stock except the recent trading, only because of the buy out deal.
I believe the stock was about .001 a month ago and they did a 50:1 reverse split. I wonder what the largest shareholders were thinking when it was .001?
How do you know that there "appears to be some long term, large block holders who want a better deal" - I cannot find out who owns the stock. Where do you find this? - Just curious.
If the majority reject the offer, maybe a higher bid will be offered.
I wish I knew who owned most of the stock.
That's the thing about this company, it's almost like a private company, that is, little is known about the finances ect.
Nobody I think, has ever heard of Formula 51-2, LLC, so the buyout dosen't have much credibility until is actually starts to happen.
This stock dosen't have much of a market. You may see some wild swings in the price. After (if) the shareholders vote for the buyout, it should slowly creep towards 3.125 as long as the bid isn't pulled and they have the money. As far as I can tell is already done.
Anybody ever experience a buyout of a unknown, thinly traded pink sheet stock like this?
It's the same as it is now: bell345. I just remember reading several of your post there and felt "Stockefeller" was sort of a cool name.
I posted, but not too much.
Did you notice that it states in the first paragraph that their is a small chance that their could possibly be one more (higher) offer. See: http://finance.lycos.com/qc/news/story.aspx?symbols=PRNEWS:383&story=200504291431_PRN__LAF034 "After meeting on Thursday, representatives of both companies agreed upon a price of $3.125 for each share of the company. Two members of the board approved of the acquisition, while the third member voted in favor of pursing other suitors"
Be sure to let us know what she says.
I made good profit in IAO buying in .30's and selling at about .50. I got scared when it didn't show a profit and it started to run in the .60's but started dropping back so I sold. Somebody was buying big blocks at the open for a while (60,000). I never really consider buying it again because they were in danger of losing their AMEX listing.
I still read a little about IAO, but I feel they're better opportunities. I done good so far this year in: ELN, FPPC, TGA, OFI, CNU. I've had my share of losers, but have more winner than losers and overall very good for the year so far.
I have a position in MTDX. This is the first pink sheet stock I've ever purchased. I've researched MTDX, called and talked to investor relations and decided to give it a shot.
What do you think of IAO. I've really haven't been following it?