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Actually, not following this anymore, My account was corrected on Monday.......hope it works out for you.
What's your take on the compensation issue I brought up.
Still not how I read it.....
They gey 90K divided by PPS
PPS=1.00 they get 90K SHARES
PPS=.50 they get 45K SHARES
No they are 90K divided by the PPS on the close date and 20K divided by the PPS on close date. In otther words, the if the closing date was yesterday and the PPS was 7.5, the the lawyers would get a whopping 2.6K shares. SO.....................makes you wonder where the lawyers and the LLP think the PPS will be on the closing date.........Hey just something to think about.
Something else I noticed in the 8K, was how they were compensating two of the parties involved. It says that they will get 90,000 and 20,000 divided by the PPS on closing date.
Sixty (60) days following the Closing, RTG shall issue to Paykin Greenblatt Lesser & Krieg, LLP or its designees such number of shares of RTG Common Stock as shall be equal to the quotient of 90,000 divided by the last reported sale price of the RTG Common Stock, as reported by pinksheets.com on the Closing Date
Sixty (60) days following the Closing, RTG shall issue to Duggan & Associates Solicitors or its designees such number of shares of RTG Common Stock as shall be equal to the quotient of 20,000 divided by the last reported sale price of the RTG Common Stock, as reported by pinksheets.com on the Closing Date
So basically, say this this thing was at a dollar at closing (I wish), then they would be getting 90K shares and 20K shares.....still small amounts.
PGLK (90,000), are on retainer for three years and also acting as the escrow company...........this seems REALLY cheap for their services unless this thing is worth a lot.
Can't find the 20,000 guy anywhere else on the 8K, but it the name includes the word solicitor, so when I googled them, it seems it's English (European english) for legal type services. Still REALLY cheap for a lawyer unless this thing is headed way up.
Just my 2 cents, well actually 7.5 cents now.
I've got 30K freebies, see how it pans out........still got a 5 bagger on it already.
Yeah, I noticed my mistake after posting, but the company only has 9 million outstanding vs. 17 mil.........also the issued shares are mute for now, IMO cuz they are restricted..........of course they figure into the par value, but I guess we'll see.
Shells plays require LOTS of patience. I.E. I bought 77500 shares of RTGV at .0067(500 bucks) in March 2006. It hit 1.5 cents, but I didn't sell, then it dropped to .0025, I didn't sell. In January 2007 it ran to .12. I sold (on the way up)47500 shares for a little over 2500 bucks. Today, their reverse merger finally hit. Not sure where it's gonna go, but I have 30K shares of freebies...........maybe this will be the one that breaks a dollar, maybe not.........but these shells are always good for a ten bagger or more.........when they hit.............POINT IS, don't invest your whole portfolio in shells, cuz you get impatient and when you see a good play, you ditch your shell and get in it..........I put about 30 percent of my penny stock portfolio into shells and just wait..................ALSO, ignore the big percent losses in shells, the bid/ask is large enough to drive a trunk thru.........and be prepared for reverse splits......IMTR and SKGT got me this year...........but when you hit one...........it's well worth it.........BTW, this is a Mark Smith play, so I threw twice as much as I usually do.......have 600K so far.........this will be a WHEN, not IF play.
In the 8K, they say after the closing date, there will only be 16 mil shares in the float. The float was 40 mil before the merger. Is the holding company the buyer that we have seen drive the price up? Just wondering. Also, I noticed that the shares of the new company have a par value of one pound or about 50 cents....don't know if that means anything.
Damn, I never got filled at .06. Still have my freebies though. I hope we close at .08 or higher, will hit a lot of screeners.
In the 8K, it said that RTG would submit a PR to satisfy SEC regulations......In past merger plays, a PR usually is the day of, but there have been a few when the PR comes out about 2-3 days later, that's why I scan the SEC site for mergers, and if they aren't PR'd, I jump in them early....Let's see.
Look at the size blocks that are taking us down, MM's were caught un-aware and are slowing it IMO.....still reading the 8K though. Someone bought lots of shares of this up to .12, so I think it's worth mre than that, remember, this is an SEC filing, not a PR, wait til they release a PR.
Don't have a membership, what's the 8-K say?
was that a 205K buy at the ask? Lot of dough.
157K drops it, and a mere 198K revives it, then some.
Im on the phone with them now, they are saying, since my trade didn't settle yet, that the negative shares are showing up along with the new ticker and post split shares. On Monday, they should both disappear, I'm on hold waiting on a supervisor, because I want names and employee numbers..........remember when PAIM did something similiar to an R/S, investors were screwed and had to cover shares that they sold, but no longer had.........B/S........if I remember right, only the margin guys got hit.....that's why I keep a cash account......three days is better than covering someone else's mistakes. The customer rep said the pay date on the R/S was today, so since I sold my shares two days ago, I'm good......we'll see. Real quick place holder........Luisa from the National Service Center in ST. Louis Missouri.
I have a cash account, so not sure what they can do,,,,,,,,it;s very specific in their contract that you CANNOT short without a margin account.
What happened to you on SKTG, why did you have to buyback and how much. It was a 1000:1 R/S
Buyback what, I can't buyback 200K shares at 2.50 a share, that's 500K bucks.....I have a cash account, so I can't short, and if they shorted on my behalf (if you could even short pennies), it's their bust.
What's up with Scottrade, I now show 40 shares of ITLL worth a hundred bucks, and -200K shares of IMTR worth -102 bucks.
Picked up some shares today, see where this one goes.
Locked and loaded, still throwing little amounts into this was I close profitable positions........I throw about 20% of any gains into this as I make them. I think this one is based out right here and will only go up. 600K so far......I'm small time, but wouldn't mind getting a mil or two before it takes off.
IMO, this is what is happening......Sherlock Holmes style, we had a buyer in the know that drove the PPS up to .12. Then he blew his wad and was waiting. He freed up some more funds and went on a smaller (not really, if you look at the PPS), buying spree. Over a million shares have traded at the ask of .06 or higher. That's 60 grand minimum. Why would anyone throw 60K into a shell that has been silent for almost a year.
Sorry, what did you get out at?
I got out at .0005. Oh well, these shells are finicky. On the bright side, made more than double my losses on other plays........eggs in one basket thing.
Can't hold a bag if you are holding freebies. It's the only way to go.
Damn, I thought the 300K I've been accumulating at .0007 were a deal.
08's around the corner, now they're here, bet they are thin as well.
350K volume.........no float seems like.
Think the ask is just that thin.
HMMMM. I'll start checking around and see if I can find anything out. Looks like it might be moving........of course looking at the chart these might just be T/A players.....
Bollies are tight and somebody doesn't mind buying at .06.
Oh, just checked my order, I was between B X A, trying to save a couple pennies, I just changed it.....still took a lot of partials to fill. Picked up another 27K
who got filled, it wasn't me.
Been trying to get filled at the ask for a lousy 30K shares, they won't fill me cuz it's an AON. I have only 10K shares now, that's why I use AON's in getting into these low volume stocks. Means the float is thin. I'll try again tommorow.
Guess nobody is paying attention to this one...I've been sitting between the huge spread and have managed to pick up 300K shares at .0007. Nice when it bounces up to .0017.
Time and sales on my streaming quotes......another 50K or 3 grand ......somebody wants this at .06.
100K block at .06, that's 6G's someone threw at this......maybe our buyer is back.
Picked up another 55K at .0018. Locked and loaded for now. Ask looks preety thin.
I believe, of course it's easy to believe when you are riding freebies. Let me look at the "crystal ball", I see 1.00 in the near future.........well, go big or go home.
I'm buying, don't care about stockscores........anyways, I topped off and am in the waiting phase. I opened the ball with 100K at .0023, based on the chart, the bollies are tight as hell, I think our support is .002, and even without news, if some T/A players join the race, we'll see a couple hundred percent increase.