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This has been my experience as well... Over the years (I started dabbling in pennies with ETrade back in the late '90's), I have been stuck in a number of issues where the price drifted to the point where it wasn't worth selling... Only to wake up one day (sometimes years later) to a suddenly awakened IHUB board and much higher share price...
T!
Which brokers are still allowing opening a CE position?!?
I might need to open a new account
Only have ET currently...
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Contemporaneous would score 671 points in a single Scrabble play... LOL!!!
That's actually happening tonight... Although it's technically not Spring...
I used to be somewhat active trading pennies, but fell away from it some years ago... I still have my ETRADE account and every once in a while I will see an uptick in the balance when one of my old pennies wakes up...
I have shares here that I bought at .0022 back in 2008... I tried to buy more a couple of weeks ago... No go.
Enjoying the board!
T!
Most of the people here, myself included, are very long-time shareholders who've seen many ups and downs on this ride (along with long periods of stagnation), and thus, are not easily given to hype or overreaction.
Time will tell if this awakening form dormancy is for real, or not...
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Dana Green?!?
I know who Dan Green is (spoke to him once).
Who is Dana Green?!?
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But one day that could change...
Been stuck in these before and a (precious) few times I've had the good fortune of waking up one day to a sudden change in the tide...
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Tax loss selling... Saw it in a few of my penny losers today...
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"...Management estimates that the Company will require Six Hundred Six Thousand and Six Hundred and Sixty Six dollars ($606,666) to operate for the next six (6) months.”
Sounds like Satan is involved!!! LOL!!!
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Looks like it...
Anything that gets us closer to maybe getting on with whatever is next... Or not... Who knows at this point... Not worth selling at this point for me...
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I feel like buying UCO down here is a no brainer if you have a long term outlook. I mean I could open a long term $10000 CD and earn next to nothing in interest or I could buy 1000 shares of UCO and almost be guaranteed to make money in the long run?!?!?
What am I missing?!?!?
Is there a better way to profit from this drop in oil for a small time investor like me?!?
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No doubt... if I (or yourself) sold the entire position here, it would likely send us to .000X... I was able to offset most of my gain by selling just that 75,000... I still feel that there is a reasonable chance that things here will eventually develop enough for us to get out with something to show for it... Time will tell
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Tax loss selling. Mine. Sold off my biggest loss lots to offset a very lucky $7K gain elsewhere.
I am finished and I still hold a bunch... At least my average looks better
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rbank: "...I had to establish a new account with a new email address because my email kept getting hacked..."
Under what name did you post here previously?!?
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Well that was fun for one night anyway... Looks to me like the buyer yesterday may have inadvertently placed a market buy order...
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Tax loss selling to offset gains elsewhere is underway...
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Or they're doing all of this on purpose with the intention of driving it sub penny... I have been beating that drum for months, I know.
When I first started talking about it, we were at .025. A dime from there is only a four bagger. A dime from .005 is a twenty bagger.
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Market is OPEN Monday eom
EOM means "end of message"... Saves you time not clicking on the post
"These are stock guys"
This is what Dan Green said to me in a conversation regarding the people who now control this shell. The people that he sold to ended up flipping it to the current owners. I understood his comments to mean that they know what they're doing.
We'll see.
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They're still trying to wait us out... Think about it: a pump to .10 would be a twenty bagger if they can get it to half a penny before starting it... from current levels it's only a four or five bagger...
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SUPERHERO SCRAMBLE
Sounds like something on the kids menu at Denny's?!?
Maybe they can make a cross-branding deal...
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Someone is quietly trying to pick up some cheap shares...
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Looks like a market price sell of 100 k shares. Someone just gave up is all...
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Dan still has shares, and plenty of them...
I certainly got the impression during our conversation that he is pretty confident that 'they' will run this thing eventually.
My question is how long can they wait? Are there any time limits regarding empty shells working against them? I really know nothing about that sort of thing.
When I mentioned to him that it sure would be nice if someone could give shareholders some info about what is happening, he said he would see what he could do...
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Reading that made my head ache...
Isn't that a twelve year old article?!?
I did a little DD and learned a few interesting things... But to me the most interesting question is what is the motivation for someone to create an Ihub account and post that article here?!?
I realize this is all a poker game and it might not always be in one's own best interest to 'show their cards', but geez, I wish people would just come out and say what they're trying to say...
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I Spoke to Dan today...
I figured if I am going to get on my 'squeaky wheel' soapbox, I should put my mouth where my money is. Literally.
We spoke for about 20 minutes, but unfortunately I am not the best choice in terms of knowing what questions to ask and I was actually surprised that he picked up.
My overall impression was that he is more or less waiting like we are. Made a point of saying that he "hasn't sold a share".
Whatever he originally thought was going to happen when he resigned seems to be out the window. He said that he thinks that CT may have "flipped it" to someone else.
He said that he agreed with the general sentiment here that there is eventually going to be a pump & dump... and that the parties in control want to start it at a much lower share price. He said "these are stock guys"...
We discussed the notion that if they run it to a dime from .005, that's a twenty bagger... as opposed to the four bagger that it is from current levels... He speculated that "they" were disappointed that they could not get many shares when it briefly dropped sub penny a few weeks back...
I did remember to ask him the question that one of you guys had asked about Satview and what we got for it. He said something about exchanging debts for assets, but honestly it was Greek to me. He did say that there was an explanation posted on the company website before the hosting agreement expired. He did say that he is still paying for the website.
He was more than willing to talk and answer what he could. I told him that we could sure use some kind of update and he said that he would see what he could do...
So that's about it... If I remember more details I will post them...
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The squeaky wheel gets the grease, they say... Perhaps if we 'wheels' start squeaking some, we could start to exert some pressure on whomever holds the cards at this point.
My feeling is that 'they' are content to wait it out in an effort to acquire our shares as cheaply as possible...
Maybe if we could start making some noise... Pinks or not, there still are some rules here.
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I was wondering where I'd heard ASKE before... The post that this post is in reply to links a post on that board. There seems to be a connection in principals somehow...
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SierraTango, you arrived here just over six months ago and you have 15 posts, all on this board...
Do you have any relationship with the new principals?
Do you have any unique knowledge regarding our investment here?
Thanks,
T!
That last post was meant to be a reply to your post, and not a reply to my own...
Although my wife got a kick out of walking by and seeing that I had replied to myself with "Yep, you're right"...
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Yep. You're right. The more I think about it, the more clear it is to me that this is somebody who knows what is coming here...
Or at the very least thinks they know.
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I absolutely agree. This looks like someone intent on taking a position... The only question is whether it is someone that knows something, or just someone taking a shot...?!?
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Yeah, this price range is kind of a no man's land for trading... I suspect there'd be plenty of volume both north and south of here...
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True, but hopefully this action will demonstrate that very few of us are interested in a sub-dime exit...
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No question about it, somebody(ies?) wants in... and bad enough to chase the ask.
I guess they decided to abandon the 'try to do it quietly' approach. That tells me that whatever is coming is coming sooner rather than later...
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A ten dollar trade at .02...
Would that be an attempt to make the price look weaker?!?
Who would want the price to look weak?!?
Can't blame 'em for trying.
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This is indeed getting interesting...
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It's only 'nothing but a shell' until somebody puts something into it, right?!?
It's clear to me that the new entity is doing exactly what was speculated here... letting it sit in hopes of picking up cheap shares before moving forward with whatever is planned for WNRC.
T!