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Frustrating...seems like there's a never ending supply of shares at .0004....
On such little volume it doesn't seem like dilution. Naked shorting rearing its ugly head?
It's ridiculous is what it is!
Are going to see lots of short covering today?
Because interest will be gained over the weekend with volume like this...
Dude - tomorrow is Saturday...But Monday should be interesting.
What would be more shocking..yesterday's drop or hitting 10 cents today? I wonder...
I can't sell because my shares haven't converted yet!
I'm in Canada with CIBC Investor's Edge. I can buy GOIH, but can't sell it as my account still shows SSSU in my holdings.
Hey Serf - you still riding some free shares? Anyone who buys here, I say - no guts no glory!
Tiger - what did I say two days ago? eerily familiar...
Thanks for the update. Yeah, I sold half before the RS and did all right, but obviously should have sold all of it. Maybe today was the start of another run. It's certainly similar to how it ran before. How great would it be for another one of those miracle short squeezes? A guy can dream....
Hey everyone - has Serfdom deserted us? Why was he banned?
Guys - got my post RS shares in my CIBC Investors Edge account this morning. Progress!
Not yet. I spoke with CIBC Investors Edge and they told me "within a week". The broker rep also asked me if I wanted to sell them now, and if so, he could help facilitate that. I thought that was weird. They've never suggested I sell a stock before...I didn't even ask if I could sell them now!
Well, you might be the only long looking forward to tomorrow! But I love the attitude...
hey Serf..
I've been quiet on the sidelines here, just thought I'd say. Really appreciate all of your analysis. Shocked that KG4 hasn't been back! I took some profit off the table last week, but I'm still in pretty heavy. No surprise I'm starting to question that bit of wisdom.... But I'm sure this story is far from over. The question for everyone seems to be: just how big are your b*lls? Cheers
Thanks Serfdom. What else can we do but make light of this ridiculous stock we're all stuck with? Oh right, except KG4 ;)
What is this guy doing on IHub? He's such a transparent basher it makes me laugh.
I agree! Let's hope Fact 4 will be that ATD pays for their mistake....
And yes, I agree, that means outstanding shares that can be (legally) traded of about 57 million.
Ok, I screwed up...I realize now that when you add in the dividend shares with the forward split, that's an additional 570 million restricted shares. Add that to the 4.6 billion from JPHC and the original 57 million, and you get the 5.25 billion outstanding. So unless people also found a way to short their restricted dividend shares, this should get pretty interesting once ATD figures out what it's going to do....
For sure. It'll be tough for me to call from work, but I'll send them an e-mail and report back if I get a reply...
But the numbers simply don't add up that way! Read the merger doc, and you'll see that AFTER the dividend split, there were 5.25 bil shares outstanding. Again, minus the restricted 4.6 billion, and the 57 million that were in APO Health's float before the merger, you're left with 600 million shares outstanding. Follow the dates of the transactions, and add up the numbers.
And by the way, I hold 300k PAIV shares, and that's why I"m doing this DD. I don't think that makes me an idiot, it just makes me a concerned shareholder!
But that can't be right, because on 10 May 06, at the time of the dividend, the merger was not closed, and the float at that time was 57 million. On 12 May, when the merger closed, the 5.25 billion outstanding, minus the 57 million already in the float and the 4.6 bil restricted, leaves 600 million in the float....
Nettles - exactly what I'm saying. The 10:1 forward split only seems to apply to the dividend given to shareholders on record as of 10 May 06. It doesn't apply to the 600 million in the float that can be traded. I just think this fact can't be ignored when we consider where the share price may go.
I understand that the Divy shares are restricted. But that does not account for the 600 million shares left in the float after the merger, as I've pointed out in my previous posts (5.25 b outstanding minus 4.6 b restricted and the 57 million left over from APO Health). Am I wrong about this 600 million? I'm certainly open to hearing another explanation for why the numbers don't add up.
So here's my theory then, for what it's worth. With a float of 600 million shares that could be legally traded, I'm wondering if Ameritrade already covered all the PAIV shares it's clients unwittingly shorted. That's probably what pushed the price up early in the week, and now everyone who else who was in for the ride is taking profits or taking their loss and moving on. If that's the case, then those who are holding (like me) are not getting any sort of squeeze...
Wait a sec...the forward split was for the dividend that APO Health shareholders were entitled to. Can't find anything that says outstanding shares after merger were forward split...so that would mean there are 600 million shares in the float at this time (not counting any of the "unrestricted" shares that shouldn't have been sold). I'm going to e-mail the company to confirm this...this story just gets more and more interesting...
Thanks Serfdom, that makes sense. So the tradeable float (outside this debacle) should be 57 million again after the 10:1 forward split. Do you know where I can find confirmation of the split? Thanks in advance.
Anybody? If there are 5.25 billion outstanding, and 4.6 of those are restricted, doesn't that leave a float of about 600 million shares outstanding (since there were roughly 57 million shares oustanding before the merger)? Just putting aside this issue of restricted shares that shouldn't have been sold, how many shares are outstanding and tradeable?
But not all the merger shares were restricted! According to the SC 14F1 of 18 May 06, following the closing of the merger,outstanding shares of PAIV will be 5.25 billion (not including the 4.2 billion or so that were supposed to be restricted). The merger is now closed, so does any of this matter with a float so huge? Am I missing something, or was this stock never meant to see a penny again anyway???
So guys...with 6 million bucks, can we assume the dilution will stop for awhile?
Time to go to bed kids!!
Funny. My broker wouldn't let me put in a limit sell order at $0.05. Seems like a faraway dream now...
GZFXnews.com - New site?
Sorry if this has already been posted, but I just found it today and thought I'd point it out.
Oh, and still long by the way!! EOM
Agreed. But notice in the Q&A on Talknstocks that the new website is the no. 1 priority. I think we can all agree that the current website is pretty crappy looking compared to Netflix or Gamefly. I'm not in e-business, but I don't think it takes a genius to figure out that if you want to compete with those big boys, you better at least dress the part!
I think this all about the website.
Obviously we're all guessing right now, but in my view the website wasn't going to be ready for 15 Jan, and before committing to a full national rollout to all their stores, CC wants the new website to be up and running and to their satisfaction. Since they haven't cancelled the program, it seems pretty likely that CC is happy with how things have gone, but are insisting on the much improved website being up and running before taking the big step.
I guess that makes sense. Or at least it's a bit comforting...
Seems to me the only reason to extend is because CC wants to see what the sales are like after the Xmas period. If they weren't happy, surely they would just terminate by now. But as one can expect, the longs will suffer in the meantime...