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I wonder where this thing will go from here. The lack of volume is puzzeling - I figured the last remaining AFLHers would dump early.
A little higher pps than I expected but only 5k shares traded. Most people probably don't know that it exists.
I'm going to take a wild guess and go with a market cap of 17.5mm and sp of .20 - at least in the beginning.
Care to quess what a share of CDKC will be worth when there are 90mm of them?
Although I dumped a lot, I still have quite a few shares left. I made a mistake in buying this stock too early - as in late 2006 and early 2007 - but I also bought a lot late in 2007.
The bottom line, I'm crossing my fingers that the shares go up some after the r/s as they did last time. At least then maybe I can cut my losses a little more.
Slojab-
This is how I calculated the amount of shares:
Current shares: 17,900,000
New shares: 88,000,000
1 for 10 split leaves 10,586,000
New shares issued: 79,200,000
Total shares 89,786,000
Old AFLH share holders have 2.15% or about 1,930,000.
Not sure why they did a two step to reduce the percentage that the old AFLH share holders would have.
I still had more AFLH shares that I care to mention but I've dumped a huge amount because I remember what happened to the share price the last time after a reverse split - almost a 100% decline.
Don't know. The total shares of Merit that AFLH shareholders will hold should be about 1,930,000 out of a total of 89,790,000 shares.
Too late.
It would appear that AFLH has 'parked' its domain names. Not a good sign.
I'm also curious about the Weyland's plans. If they aren't going to do anything with the shell, I hope they sell it quickly.
If they do sell, let's hope it's clear and they sell it to someone with a great business model.
I agree. I wonder what a dead shell goes for these days?
Looks like someone(s) dumped a lot shares today in a few large lots. Not a good sign.
I figure at this point there's not much to lose by holding on until the end of the year. The odds of recovery are probably just south of winning the lotto but I play it too.
OK - I give. Going to hold your remaining shares or have you already dumped them all?
We'll just have to wait and see what happens. I don't know if today's low volume means anything and that the price held at .04. I would really like to know who is selling and who is buying.
As 02opida and analyzethis has posted - we wait for the shell. Let's hope the next reincarnation works better.
Just got back in town and read the news. What say?
So slojab - did you make your move at .12?
I would be more enthusiastic if I hadn't already sunk so much money into this company. Having said that, I'm still not ready to sell what I have. I figured that with no trading over such a long period of time someone would throw in the towel and sell some shares at a low price - one block of 5000 really doesn't say a whole lot one way or another. I do wish the company would hurry up and release their last quarter's figures.
So - are you a buyer, seller or holder at these prices?
You would think so by the lack of action.
Another attempt to drag the PPS down with a small buy - still didn't work.
I did and would again. Gives one the chance to double his money if it does the same slide and jump that it did the last time.
I agree with your point. There probably won't be much change in the pps or volume until something happens to generate interest. It will probably drift up and down with low volume.
I still think, however, that there will be some who will try to sway the pps lower to pick up some cheap shares as some holders of the stock tire and decide to take the loss and play elsewhere.
It's been a while since anyone posted on this board so I thought I would put my two cents in. Looks like someone or someones trying to pull the price down to pick up some cheap shares. They're picking up some shares but looks like the vast majority are holding out for a higher price hence the low volume.
Not sure what to read into this if anything. Maybe the shares picked up in the .12 to .25 range have been sold and there is a standoff between those waiting for the shares to go down and those holding shares waiting for a higher price. Probably won't last long.
Was there any other information of note in the 'State of the Company'?
I wasn't able to listen to today's 'State of the Company'. Would someone give me a brief synopsis?
I agree that's a good question. I would also be interested in knowing how much of the total stock is owned by insiders as well as what, if any, restrictions.
I added some in that range but then sold a lot when it hit the .20s. Figured that was a cap and it would go back down - still might. Volume is still usually very low.
Slojab, Atout - any thoughts on the recent runup in the PPS?
I look for it to stall out and fall back to the low 20's. Just doesn't seem to be much demand at the higher prices.
Too high to buy and too low to sell. Sitting on the sideline.
I think it will stabilize around .10. If it does drop that low, I think it may be time to restock.
Yes, yes,no and probably not. If I had to hazard a guess, I would say it will yo yo between .10 and .20 for the near future. A person could make some money on the right timing.
Thanks for the info atout - appreciate it.
I wasn't able to make the call - how about a short recap?
Well guys - is this a rally or just a dead cat bounce?
Same sentiments here. Those that bought early and held on are way under - a long way up to reach air. However - as Atout said in his post - not everyone got in at the same time. There must be some out there that got in late and caught what I hope is the bottom.
A goodnight to you gentlemen. Always a pleasure.
PR sounds OK - could have been a lot worse - but I still would like to see some numbers.
The average daily volume is about 20K. That's about .5% of the total float. I don't know how that compares to the daily volume of other companies.