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This was my exact thought.
Thank you for putting that together. I did view it on pc/windows and was not able to read slide 5, so not sure about mobile. Other than that, well done indeed.
Edit: Nevermind, noticed the upcoming slides are those images.
Whole heartedly agree. Even though I hate seeing my account fluctuate so much, my level headed side is happy with the seemingly methodic method he is taking with the process.
Granted I have been slacking on my DD as of late, got a little burnt out. If it is old news to everyone so be it, but that seems like a pretty big deal to me.
So I averaged up a little today in the .08 area. I have been trying not to watch hour by hour movement of my investments for sake of sanity. After reading your post I decided to take a look at the Schatzi website since its been several days since I had done so. How long has the SouthCorp Capital logo been listed at the bottom of the home page?
I made the mistake of not enabling it for several weeks after opening a account. It is there but does not display correctly until this is done, hope it helps.
One of the things I have been pondering is how the "supposed" split has been portrayed. A R/S is announced by 8-K, 10-Q, or 10-K. To my knowledge the images floating around are none of those. Of those three SEC filing types this was the most recent FORM 8-K, dated 12/14/20, and I do not see anything about one in there. All the reverse split filings I have seen in the past clearly state "Reverse Split", the ratio, and effective date.
Also playing devil's advocate on the subject. If one does happen and a strong company is inserted into the shell it is a small ratio and could still be a very lucrative investment to hold. Typically the only reason they drop initially is because all the sheeple have been trained to blindly sell at the mention of one.
Anyway, looking for thoughts and opinions on this matter.
So, what does this have to do with the "supposed" split?
My guess is, a valuable shell for a valuable client. He seems to be very proactive with this one. Should have grabbed more at my entry point honestly.
If you are trying to buy into Caveat Emptor/grey positions, the "main stream" brokers require you to place a broker assisted trade (fees applied per trade). As far as I know they all adopted this policy and have been implementing it over the past few months. They should have a direct number to that department avoiding basic cutomer service (who are not licensed to make these trades anyway) wait times.
I am guessing he's averaged around .05, so if this hits $10 then 120 mill. Whatever it ends up being, he must walk around to the sound of ringing brass.
This is from the 1/8/21 update. They must have the numbers to push forward, else why file for petition.
Exactly, if it consolidates here that would be great. New base for the next leg up.
MMs are throwing every trick they got at it. I think they are struggling to keep it down. Took a screen shot of bid above the ask.
It could be possible they plan on compensating exisitng shareholders at the time R/S was announced. Dividend shares perhaps?
Initial entry August.
CFGN on bid, guessing they are trying to play the spread. I had my bid get jumped for same amount, also had one hidden until another filled. Fun games.
Yup, granted it was a about a year ago, but that is kinda a moot point.
For anyone wondering. I believe you can still buy CE stocks through brokers. The catch is you will have to call in and pay for a broker assisted trade. I don't believe front line customer service reps are licensed to do it. They usually have direct numbers to that department, probably have to dig a little.
Do a control F search for NRG
Then check out a few of the other names on the list...
OPIS NGL Summit
About $152 pps
I believe their is more going on than rash speculation being thrown around.
Correct me if I am wrong, but nowhere does it say where the additional shares are going. Is it possible they are just authorized for possible future use? Restricted? Why would this company want to keep its loyal/initial investors so informed and up to date with their plans to screw them over now?
What I do know is panicking and rash decisions don't reap profits longrun.
To each their own. I believe the value the company brings offsets the increase in shares. IMO, once this is current and becomes more attractive to bigger investors, this will be a positive.
And they go up 15x in value.
Yes, it has to be approved. Usually 30-60 days after request is filed.
I have had that happen before. Should have kept walking them up, see how far the software was programmed to go.
IMO, it is possible we will have a parent company and subsidiaries. For tax reasons and the ability for them to branch off later.
I'm guessing there might be a class action or two around the corner.
Good question. I have TDA and a Schwab account, I believe they are still operating independantly for now. I recieved some info saying the accounts will be merged in the coming year. If I wanted to do it earlier I would have to manually request a transfer. Hopefully Schwab doesn't adopt the behavior that took place today.
I had a rough buying experience with E*Trade this morning. I had a buy order in for .0015 and was not getting filled, so I cancelled it to raise bid. Nope,it locked up those funds in some sort of stuck order. So I did a quick transfer of funds to cover my new order, ask is at .0016 at this point. Created a new order at .002, that order finally got filled 72 minutes later at .0018. Not sure if orders were backlogged that bad or what shennanigans were taking place.
About 10 minutes before my E*Trade filled I logged into my Schwab account and bought shares and it filled within seconds.
I like TDA Think or Swim for level 2, I like Schwab for comission free trades, and until today I had very little trouble with E*Trade. Whatever happened, HCMC put a a$$ whipping on a few brokers today.
This is the reason why you can only sell and not buy. By the end of the year this will be the norm for all the major brokers.
Caveat Emptor
Doesn't mean it is necessarily a "bad" investment. With the increase in OTC/Grey Market interest from retail investors, it is a way to "protect" people from being lured into scams and fraudulent companies. If they get current on filings you would again be able to freely trade them again.
If they are regular brokerage accounts, I don't believe it really matters. Only advantage I could see is, if you decide to sell some, you would pay less capital gains from the higher averaged account.
E*Trade order just went through after an hour. Schwab order went through as soon as I placed it. YMMV
Just opened up a conversation, 109 minute wait...
So it sounds like shorts are being allowed to cover while they nipple feed retail investors shrares?
Never seen this before. Had a limit order in this morning for .0015's was watching pre market and decide I can get them cheaper at open. So I canceled the order which locked up those funds, still being processed at this time. I transferred money over to cover another order and put it in at .002. At the time ask was .0015 and that order still has not filled. Do they go by time stamp on order or am I at risk of just never getting filled when/if this goes above .002?
On E*trade
Seems like share price is directly related to sociopathy in some cases.
This is moving nicely. Glad it didn't just a gap up at open. Now I feel bad for not buying more yesterday.
I am a happy camper I decided to average down from my post rs pps yesterday. Really happy.