OH THIS IS COOL!!!!!
Wednesday's stock to buy: $OOAG
Posted: 02 Jun 2010 04:35 AM PDT
OMDA Oil and Gas Inc (OOAG)
Authorized shares: 250,000,000 as of May 18, 2010
Outstanding shares: 242,631,100 as of May 18, 2010
Float: 172,494,041 as of May 18, 2010
We've got some great news this morning! OOAG is going to Retire an Additional 58 Million Common Shares and Reduce Its Outstanding Shares by an Additional 25%.
Quotes from the CEO Mr. Barnett:
"OMDA has been operating and growing on a total cash basis and has not issued any new shares of any kind in over 17 months, nor does the company have any intentions of issuing shares of any kind in the near future. All shareholders of record of OMDA Oil and Gas, Inc. can expect to receive a mailer shortly from the company Transfer Agent and Broadridge with all of the recent corporate governance changes that were announced and completed"
"All of our recent corporate developments that we have announced are part of our continuing effort to rebuild OMDA and to better position our shareholders for our anticipated growth. In each of our recent initiatives, our board of directors was unanimous in their vote and commitment to increase shareholder value and provide our investors with tangible benefits. When all the dust finally settles, our outstanding share total will be nearly 30% lower than it is at this moment." Mr. Barnett went on to say, "Aside from these very important share structure changes we have initiated, we have been very busy evaluating several other projects that we feel will improve OMDA's value. Additionally we are currently working on some other very productive corporate improvements. Further significant company updates on these initiatives will be forthcoming this week."
OMDA Oil and Gas, Inc. to Retire an Additional 58 Million Common Shares and Further Reduce Its Outstanding Shares by an Additional 25%
Check out that chart! All the indicators saying we're going $0.10+! We filled the hanging man, that was made after the first attempt to break $0.055 and we should be breaking those 55's today. With an RSI at 73 we should still have enough breath to make a monster leap over that $0.10+ mark.
But OOAG isn't all about the technicals, the company is making great developments after years of litigation. We've summarized 2 weeks of developments to give you an idea:
OMDA Oil and Gas, Inc. to Reduce the Authorized Shares by 97.5%
OMDA Oil and Gas, Inc. Has Reached a Mutual Resolution in Its LawsuitMarketwire(Tue, May 18)
OMDA Oil and Gas, Inc. Announces Future Plans and UpdatesMarketwire(Tue, May 18)
OMDA Oil and Gas, Inc. Announces the Cancellation of All Existing Preferred Shares and Will Provide a Thorough Update on Concord Dome by Next WeekMarketwire(Thu, May 20)
OMDA Oil and Gas, Inc. Has Retained a CPA Auditing Firm to Bring the Company to Fully Audited StatusMarketwire(Tue, May 25)
OMDA Oil and Gas, Inc. Issues Its Report on Concord Dome Lease RevenuesMarketwire(Thu, May 27)
OMDA Oil and Gas, Inc. to Retire 12 Million Common Shares and Reduce Its Outstanding Shares by Nearly 5%Marketwire(Tue, Jun 1)
OMDA Oil and Gas, Inc. to Retire an Additional 58 Million Common Shares and Further Reduce Its Outstanding Shares by an Additional 25%Marketwire(Wed 12:01AM EDT)
All these developments are great, bottom line is they're back in business after the litigation. Revenue is on it's way and they're going to the bigger boards. During this process they're regaining shareholders confidence and retire shares (70 million this week!).
This is not all! These developments have made OOAG PPS go ballistic, coming from $0.0015 all the way up to $0.055! That is 3666% in two weeks! The demand for OOAG shares has been very high the last two weeks, and the supplier couldn't always supply the demand, so they had to naked short sell.
We can tell you that overall short percentage over 2 weeks is a staggering 41,49% making 62.162.311 shares naked traded! We also don't see any point in these numbers where shorters could cover 62.162.311 shares! It's just impossible! The max that they could have covered in these 2 weeks is, and we say MAX, is 20 million shares! Leaving 40 mil shares uncovered! We said it before, and we say it again. The proof is all in the numbers presented, and as you know , numbers never lie.
We think that today's news will give us a nice boost, and don't forget we still get an update on the Concord Dome project and the possible joint venture. We should be heading towards our $0.10+ mark from where the covering shorters should give us a nice boost towards our second mark $0.50+. The numbers say the shorters need to cover 60 mil shares, we've seen what a 10 mil day can do, what do you think a 60 mil will do? OOAG will proof to be the play of the year real soon, if you're not in yet, we suggest you do. We don't come across many a mix of ingredients like this, the company developments are great and combined with the shorting, means a massive short-squeeze is imminent.
We wish you all a profitable trading session,
Best regards,
Cashflowstock team.
VCTY Bears took over
Posted: 01 Jun 2010 04:24 PM PDT
Videolocity Intl (VCTY)
Authorized shares: 888,000,000
Outstanding shares: 105,000,000
Float: 105,000,000
Bears took over
Today VCTY lost 64.48% after the anticipated news of the reverse merger didn't hit. Instead other news hit stating there's a third Chinese merger candidate. When the anticipated news didn't hit, investors got nervous and a selling frenzie came to play. Too bad because VCTY has all the ingredients to become a multi runner all the way up to $0.50 Investors let a great chance go, because in our opinion they've misinterpreted the PR. Here's a fragment of the PR:
The management of VCTY is currently conducting due diligence of Tactican and the formal merger could be announced anytime, followed by the Hydro Electric merger 4-10 weeks down range.
It clearly states that the company is on schedule with the R/M and that the formal merger could be announced anytime. And that the Hydro Electric merger will follow. We don't see why investors hammered the stock this badly, unless of course these where all the newsletter crowds getting out. We have seen this often happen with newsletter crowds, they're prepared to take losses just to get out, while they know nothing of the stock.
You can understand that a possible short squeeze is not likely anymore, because we think the naked short positions are covered by now. We still think VCTY is a great opportunity though, and we will put it on hold. Any news on the R/M will still propel this into the multi penny's, and until than it's a strong hold.
Best regards,
Cashflowstock team
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