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Market doesn't believe this is going to be good for the shareholders, maybe good to Mr.Mak, that's why the price is SLOWLY drifting DOWN. Now, this could change with some PR's, but until then the trend is very bearish. Very risky here......gambling money only, of course!!!!!!!!!!! .03's are just around the corner.
Most smart penny players are out of this thing and waiting for the next PR to judge further.
Because to get those revs, they will probably need more money, just watch.
Their starting to show a profit, but their out of money and you can almost be certain dilution is coming to finance the expansion they talked about last November.
I think they'll do good, it's how much will this dilution effect share price. It has crushed it in time pass. But I would a buyer at these levels, a lot of potential here.
Thanks, just trying to get an idea what other people do on such a low priced stock.
I realize it's a very speculative stock, you seem like you've been following the company for a while, that being said: would you be a buyer here????
Why do you do think the stock is scrubbing the bottom? Maybe the market is afraid of more dilution? Almost at low of the year, and I see a couple of profitable quarters last year.
Do you think they'll make it????
Their out of money:
LIQUIDITY
---------
As shown in the accompanying financial statements, the Company used $259,606 and
$628,003 cash in operating activities during the nine months ended September 30,
2006 and 2005, respectively. The Company's total liabilities exceeded its total
assets by $4,576,856 and $5,651,861 as of September 30, 2006 and December 31,
2005, respectively.
http://app.quotemedia.com/quotetools/showFiling.go?name=CALBATECH%20INC:%2010QSB,%20Sub-Doc%201&...
PLRS recent issued shares are locked up for a year, know the facts here, there're diluion but the company has life for a few years: http://finance.groups.yahoo.com/group/Pluristem_IR/message/19
This has been a difficult piece to write. I have spent about 2 weeks trying to put all of this into a usable form that not only would hopefully educate people about what actually goes on in the US OTC BB market, but also would not make too many people furious with me. It's OK if people dislike my opinions - it's a free country. The observations in this piece come from hard won experience. Much of my business is in smaller growth and venture companies, but almost all of it is US exchange listed, NASDAQ or Canadian stocks. I conduct very little OTC BB business these days except for my specialized 144 and restricted share business as well as some unsolicited trading for clients. I almost never recommend BB stocks to clients - almost all of my venture business is in Canadian stocks. Why? Because I (as well as most everyone else in the brokerage industry) consider the OTC BB to be the most corrupt stock market anywhere - certainly in North America.
Before people start howling over my last statement, please allow me to qualify it a little bit. Some estimates say 50% of OTC BB volume is related to fraudulent activity. My observations and experiences lead me to believe the number is probably closer to 70%. This is not to say that 70% of the companies on the BB are frauds - there absolutely are some good, honest companies traded there. Instead, I believe 70% of the trading volume is circumspect. Yes, there are good, honest companies listed on the BB. However, they typically don't trade as much as the hyped or "pumped and dumped" shares, which is why so much of the trading volume is questionable.
I also want to say that OTCBB traded stocks that are listed (and regulated) elsewhere, such as overseas or in Canada, and generally not included in the following discussion. This is because the are more closely regulated by their home authorities and most of their volume is conducted on exchanges elsewhere. Many of them are traded on the OTCBB in order to comply with US Blue Sky Laws which allows US brokers to more easily trade their securities. In fact, I encourage foreign issuers register their stock in the US, even if it is only the Bulletin Board. This is especially true of Canadian companies, where filing the required paperwork can do wonders in helping to grow their shareholder base in the States. So, if you own a foreign company, such as a Japanese or Canadian stock which just happens to be OTCBB traded, then most of this discussion does not apply to you or your shares.
http://members.tripod.com/foolsgold77/otcbb_short_selling.htm
If there're really a company dedicated to their shareholdlers, they'll become a reporting company so anybody can see exactly where the money is going.
A lot of people are staying away from pink sheet stocks because of articles like this: http://www.usatoday.com/money/markets/us/2005-11-10-pink-sheet-coverNot
Not all Pink Sheets-listed stocks are scams. But amid that flood of activity on the Pink Sheets is an increasing number of scamsters trying to lure fresh prey with promising pitches, say securities lawyers and watchdogs. "I've been seeing more of them," says Hartley Bernstein, of StockPatrol.com. "I get a dozen a day."
Bogus "research reports."
Scamsters often enlist the help of firms that create bogus research reports designed to look like they're from legitimate brokerages. Other times, the fraudsters make the "reports" themselves and disguise that key fact from investors.
That's what the SEC in September charged two people with doing when they promoted what was described as a website construction company. The SEC accused George Bogle and Peter Emmanuel with putting out a report that appeared to be from an independent stock analyst and that said the stock was "our most aggressive stock buy recommendation." But it was based on false information, the SEC says. Nonetheless, the stock jumped 120%, and the two profited nearly $500,000 by selling the shares amid the good buzz, the SEC says
I
Be patient, said Zig....were headed in the right direction.....
http://www.agoracom.com/executive/MotionDNA-Dec2/player.html
Let's see, we're support to believe that it was better (because of one majority shareholder)to pass up a 1.625 buyout offer so the stock could sit at a nickel with a almost 100% spread and no volume. Sounds like a scam to me.
Stewartreport says he thinks ICRD.OB (.25) will be cash flow ++++ next quarter and thinks the stock will double: http://www.stewartreport.com/hot-lines/hl-8-20-06.htm
A long term MTDX shareholder: http://ktwu.wuacc.edu/journeys/releases/sj2001/images/1411.jpg
Only that you'd think the stock would move a lot more on this good news, like AAGH should be around .30 - .50 will all the good news
Jim Cramer said last night om Mad Money that you should be very careful of Chinese accounting because of it's roots in communism.
LWLL.OB another Chinese company came out with good earnings and won't move. I suspect there may be some truth about this idea that Wall Street doesn't trust Chinese accounting, that's why they trade at a dicount to other companies.
In general Wall Street doesn't trust Chinese accounting. I cannot say about one particular company. That's why the Chinese companys trade at a less then normal PE, that's is unless it's a big well know company such as Sony SNE.
Be careful, this company only has about 3M in revs for the year. A true microcap. Also remember that Wall Street hates Chinese accounting. They don't trust it.
Just adding a little reality here, in order to balance out all this bullishness.
I was looking into MTDX, but decided to roll the dice with the treasure hunters DPBM, too many questionable things here:
http://www.knobias.com/individual/public/news.htm?eid=3.1.2990493b80ced26ff802b6722065b0fe502807bc61...
Stock was up this last Friday because of: http://www.knobias.com/individual/public/news.htm?eid=3.1.2990493b80ced26ff802b6722065b0fe502807bc61...
I'll bet you're right.
This past Friday CNBC was doing a report on Deep Blue but only got a little into the report and stopped to hear President Bush speak. They said something that its was a dumb investment but that they claimed to have some new technology to help find treasure. It's all sumed up in the last PR:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B9089ED8E%2DBE2C%2D43B8%2D8165%2D3439651763F...
Says Blum: "If I can't pull something up over the deck by July of this year, then I don't know what I am talking about. If I can't have salvage on the deck before this treasure-hunting season is over, then my technology is not real. We've done the tests and we're pretty positive of what we have below the
water."
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B9089ED8E%2DBE2C%2D43B8%2D8165%2D3439651763F...
When I clicked the link I got this: This story is no longer available. Please close this window and refresh your browser page.null
Does it work for you??
I think there're other ways they could of did it, a private placement ect. I'll look into the details. They should of least get the stock price over .50 so they don't have to dilute so much. But I guess that's typical of pink companies.
Do you have the link for the 8M shares that there selling?
Looks like there're selling them this week.
Will probably be back under .10 within a week or two. Nobody beleives the releases. Just a few penny flipper here.
I want to see how this this thing finally plays out.
The other penny stock I took a position is soaring because of the disclosure of their QSB filing (close to break even) .
http://finance.yahoo.com/q?s=andr.ob
ANDR.OB up 160% and going higher soon.
http://ragingbull.lycos.com/mboard/boards.cgi?board=AND&read=1114
ANDR.OB up 160% and going higher soon.
http://ragingbull.lycos.com/mboard/boards.cgi?board=AND&read=1114
Wow, the stock is really on a tear. Think I'll stick my toe in on a pullback. Up 500% from it's low of a .05.
Looks like a lot of bad things happen in the past. Market looking to what will happen in the future.
Must to a merger or something good going to happen.
Possible merger coming:
"A straight out merger would not be out of the question, but we are not at liberty to name names at this time."
http://biz.yahoo.com/pz/060328/96315.html
Are you still bullish? Are are these bashers right about Zig?
At least MTDX looks profitable.
Look at this: MDTX is profitable: https://www.otcstockinfo.com/repository/652998/652998_FR16.pdf
Anybody know why the stock is up almost 100% in the last few days?
No news since Feb. and a very angry board.
Maybe something is about to happen. Somebody is buying. Or maybe just the MM trading back anf forth.
Somebody picking up a lot of shares, probably news coming.
Be careful with those pinks:
* The Over the Counter Bulletin Board (OTCBB) - This is an electronic trading service offered by the NASD, and it has very little regulation. Companies will trade here if they are current in their financial statements.
* Pink Sheets - Even more risky than the OTCBB, the Pink Sheets is a quotation service, and it does not require companies to register with the SEC or remain current in their periodic filings. The stocks on the Pink Sheets are the most speculative there is.
The main problem with being delisted is the trust factor: people lose their faith in the stock. When a stock trades on the NYSE or Nasdaq, it has an aura of reliability and accuracy in reporting financial statements. When a company's stock is demoted to the OTCBB or Pink Sheets, it loses its reputation. Bulletin Board and Pink Sheet stocks lack the stringent regulation requirements that investors come to expect from NYSE and Nasdaq-traded stocks. Simply put, without these requirements in place, you cannot trust the information you receive.
Another problem for delisted stocks is that many institutional investors are restricted from researching and buying them. This lack of coverage by analysts and the fact that mutual funds will never invest in them means the stock has an even steeper climb to making it back on a major exchanges.