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In English, what did they do???
I have a lot of time on my hands and a special set of skills, specifically unique to this situation. If this thing does not pan out. The movie "Taken" should start running thru your head.
Anyone alive????
Assume you are correct given the OTC, but would hope this company would follow industry standards...
Have other things to do... but in short. If you want to release info like this during trading hours, you have to call them and get Permission. There answer will be no, as the information will have a huge affect on the stock price during the day.
Below is a messy, copy...
the Exchange may
halt trading in connection with
material news events (the “Timely Alert Policy”)
. The
following are the most important aspects of the am
endments to the Timely Alert Policy:
1.
Listed companies are required to call the Exchange’s Market Watch Group (at 212
-
656-5414877
-
699
-
2578) at least 10 minutes in advance of the dissemination of material news any time
between 7:00 a.m. Eastern Time (“E
T”) and the end of the NYSE trading session (4:00 p.m. ET)
and provide a copy of any written
form of that announcement at the same time via
email to
nysealert@nyse.com
.
2.
The Exchange will have the authority to halt trading pending
dissemination of a news
announcement that is issued between 7.00 a.m. ET and the opening of trading on the NYSE at
9.30 a.m. ET, provided that the announcement is mate
rial in nature and the listed company
itself requests a halt in trading.
3.
If it is necessary to request information from a listed company relating to
:
(i) material news, (ii)
the listed company’s compliance with Exchange continued listing requirements, or
(iii) any
other information which is necessary to protect investors and the public interest, the Exchange
will have the authority at any time to halt trading in such listed company’s security until it has
received and evaluated the requested information.
That makes zero sense. There are certain rules to keep stocks in check. One of those is certain information has to be released so many hours before the next session opens.
I have no idea if this falls into that category. But to my previous post, all release earnings, IE financial information occurs after hours.
It may be good, it may be bad, but the statement of only bad after hours is not a correct statement. Probably more than a ho...
I have questions to... that is just not one of them.
There is a reason that all release of information is after hours. It is to let the dust settle on whatever the news is.
Every single Qrtly release is done after hours. If there is a release today it will be at 3:01 CST.
IBM, Intuit, GE, Msoft, Cicso, Google, don't release earnings at 11am. They release after hours at 3:00:01.
Its the way it works!
Ummmm, that is the 64 dollar question now isn't it? One would think, more than 10 cents...
I promise you, he does NOT want to hear from me...
Been on this board now for about 6 weeks... The info I have understood is that the release of information about the RM/APO whatever you want to call it is coming out Friday. My guess is that it will be 3:00pm CST 1 second after the market closes. That is usually when news like that will be released.
Again, for clarity, I don't know. But if your asking me that is my answer if your asking me the question, for whatever that is worth.
Yes, MicoTrak was to be for Toyota what OnStar was for GM. I am an original MicoTrak stock holder. This was as sure a thing as Secretariat on a horse track.
My Father in law was running the Marketing for them and I was allowed to buy in at 50% value. Had to wait a year before I could trade. In a year it went from 1.10 to 0.03 They closed there doors Circa May of 08 or sometime around there.
Stock never moved above 3 or 4 cents since that time. In January of 10 it just went dormant.
The most shocked man on the planet is me. I checked my Ameritrade account and it was up 2K, I check it everyday, I know the price of everything, and I knew something was way off. It was my TRKG stock. Thru the grace of God, life had been blown back into it.
Go team Go!!!! Truly cant wait till Friday!
12K shares...
Nobody is giving anything up!
And on the Twitter thing. As I said, they want zero pub, the last thing they want is for TRKG to go thru the roof! They don't want any news at all to get out, ZERO!!!
I am here for the paint drying watching party... Everybody is locked in tighter than a tick!
Today a share is worth 5 cents...
In 2 years that share may be worth 2 dollars.
For 10 million you can buy out all the 5 cent shares.
In 2 years those same shares would cost 400 million dollars. That's 390 million dollars out of the owners pocket...
Thats why.
As I said before, if this goes the route of your version and there is no reverse split, and the stock becomes viable, beers on me for all who own TRKG!
If you were to sink millions into a new company. Would you give millions of shares away for free to your company? No.
In a reverse merger, they will purchase all outstanding shares for a given price, 99.9999% of the time, usually a little higher than the current value of the stock, especially here as they have a very attractive shell company.
They will then end that stock, period. You either cash it in for Money or they give you some reverse split number of shares in the new company.
Once the old shares of TRKG are bought out. They will issue new shares and create whatever float they want on there own terms with their new stock.
Your not getting a million shares in the new company.
Not being negative, being realistic. I have a lot of shares, and I have no plans to sell them. The value of TRKG is going to go up. Just like everyone says, we get a press announcement and boom!
That is how it makes sense. Again, my opinion, but you can go look up a 100 reverse mergers and see how they went. They are a whole lot closer to my version than you might like.
As much as you want.
It's not how it works. That's not how any of this will work.
Please share whatever formula you just used to come up with that math... very interested.
I stated an opinion supported by I don't know, thousands of reverse mergers.
It's my take on what's going to happen, that's all it is.
You don't agree with it that's perfectly fine. Why don't you rebuke it with some evidence or just your opinion. It's a message board, that's what they are for.
Because you don't agree with me does not mean you need to resort to that...
There has been a ton of great work by many on here. Have read every post.
Your statements don't line up though. Reverse Split's are usually the very first thing that happens in a reverse merger. They are not mutually exclusive.
I am not wrong though...
They can do anything they want.
They will do a reverse split, get the number of TRKG shares to probably under 5 million.
Then they will change the name from TRKG to XYZ. Our shares will be issued from XYZ. TRKG will officially and thankfully finally DIE!
They will have a proxy to open up more XYZ shares for sale. They authorize 100M shares for trade and off we go.
There not stuck with the value of TRKG/shares... or the number of shares at 2, 3, XX cents.
In the end, were all making money and that's why we are here. But your not going to get 14 dollars a share for you stock.
They will create their own float...
Again, if I am wrong. Beers on me!!!
To borrow a line from the "Replacements"... Yea, Yea I can live with that!
We shall see. I have never wanted to be so wrong in my whole life...
Would make sense to me that management stays quiet as a church mouse...
Why would they want to do anything that could remotely raise the value of TRKG. They want it to stay dead. They would be happy as could be if TRKG stock stayed at 0.00.
Nobody is going to get to keep all there shares, there will be a reverse split at some point. Question is what? 1000 to 1? 10 to 1?
Just guessing, but would have to be based on the value of TRKG. So any news that drives the value of TRKG stock up, will be suppressed!!!!
Any other thoughts?
Just picked up 30K more... Ready to go! Rain man, been holding this for a decade, you have some inside info you can share privately?
Why? what happend?
Somebody needs to call Jim Kramer, get on the show... Seriously, that would light this rocket ship.
Hurt is not the correct word... But this would be the sweetest revenge EVER!!! Right there with you.
So for those that don't know, this started with Micro Trak. Micro Trak had a gps/voice device that was going to be the OnStar for Toyota.
I was introduced to Jerry Griffani? (president) We talked about the opportunity, they were in the middle of mass manufacturing the device and still raising money. I was looking at boxes of these devices.
I was offered options at 55 cents, the current stock price was 1.05. Had to sit on them a year. OnStar for Toyota????? A no brainer, what could possibly go wrong???
It went from 1.05 to pretty much 0 in a years time. It has remained at 0.0 since that time up until late April or early May of this year.
That was circa July of 07, March or so of 08 from my fuzzy memory.
During that time they switched Symbols to TRKG. And now, a decade later, here we are.
Yea...
Thats me.
How would you even know to look for this stock. There has been zero news, zero buzz, stock died 10 years ago. It's been sitting at 0.0 for a decade. I had no idea a stock like this could even come back.
If news does truly come out and it is what you guys say it is, all hell is going to break loose. Because as of right now, how could you possibly even stumble across this stock?
How many of you have shares that are at least 10 years old? Who is still around from the micro trac days?
OK... Please tell me what is going on here. I have an embarrassing number of shares. Story starts with father in law and a stock tip. Anyway, these shares have been sitting in my account for a decade at 0.00, check my Ameritrade account and poof, there was an extra 2,000 in it.
What has changed, are you telling me there is a chance this stock can actually do something? Why Now?