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Replies to post #74893 on Triple 000 and Sub-penny Chart Plays
FORM 8-K
Date of Report: August 31, 2015
The Company was unable to pay the BML fees payable
to the State of Nevada due on August 31, 2015,
and we're therefore required to relinquish the interest
in the Silver Cloud Property to the Pescio family.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On September 17, 2015, filed a Certificate of Amendment (the “Certificate”)
with the Secretary of State of the State of Nevada
to effect a reverse stock split of its authorized
and outstanding shares of common stock
at a ratio of 1 for 1,000 (the “Stock Split”).
The Stock Split was previously approved
by the board of directors of the Company.
The Stock Split will become effective
upon receipt of the necessary documentation
regarding the Stock Split
and approval by the Financial Industry Regulatory Authority ("FINRA").
Upon the effectiveness of the Stock Split,
the Company’s issued and outstanding shares of common stock
will decrease from approximately 1.99 billion shares
to approximately 1.99 million shares of common stock,
par value of $0.001 per share.
MARKET MAKER SIGNALS
Penny traders believe that Market Makers (MM)
will "signal" moves in advance buy using
small amounts of buys or sells as "signals".
The "signals" are such a small amount of shares
(worth no more than 5 or 10 dollars) that
no trader would have paid a commission that
costs more than the amount of shares bought.
The "signals" are from one MM to another.
100 - I need shares.
200 - I need shares badly, but do not take the stock down.
300 - Take the price down so I can load shares
400 - Keep trading it sideways.
500 - Gap the stock.
This gap can be either up or down,
depending on the direction of the 500 signal.
911 - Pending News
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