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Feb 15, 2005 14:43:43 GMT -5
Post by ToddCT on Feb 15, 2005 14:43:43 GMT -5
Warren,
The price is now .0000 by .0001 do you happen to know if the company is dumping shares to raise money.
I don't know why else the price would be at ZERO
T
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Feb 16, 2005 11:33:48 GMT -5
Post by Warren on Feb 16, 2005 11:33:48 GMT -5
I am not overly woried. I do not see them dumping any shares as the company can not dump. Laws and restrictions in place would prevent that from hapening.
My opinion, they are being shorted, it is that simple. All the entities have positive cash flows so they have no need of funds. The shares used to aquire different entities are restricted. All CEOs can not dump with out filing to sell. All CEOs are holding mostly restricted stocks, from what I have understood. The actual float, or what is considered to be tradable is from my estimates under 5 billion shares. The PPS does not reflect normal or real trading. I would love them to change cusips as we would see a very nice short sqeeze.
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Feb 16, 2005 11:45:29 GMT -5
Post by ToddCT on Feb 16, 2005 11:45:29 GMT -5
I am not overly woried. I do not see them dumping any shares as the company can not dump. Laws and restrictions in place would prevent that from hapening. My opinion, they are being shorted, it is that simple. All the entities have positive cash flows so they have no need of funds. The shares used to aquire different entities are restricted. All CEOs can not dump with out filing to sell. All CEOs are holding mostly restricted stocks, from what I have understood. The actual float, or what is considered to be tradable is from my estimates under 5 billion shares. The PPS does not reflect normal or real trading. I would love them to change cusips as we would see a very nice short sqeeze. Your thinking that a company can not dump shares as it is illegal is wrong. Any company can sell shares into the market without notifying the public any time they want to. And any CEO of a pink sheet can sell shares into the market without notifying the market. That is one of the reasons that there is so much fraud in the pink sheets. I actually think that the comapny is trying to raise money for something, I don't know what, but that is my guess. I don't think this is more shorting as why would they short at less than .0001 if they can get as much as they want at .0001? We will see soon enough at least. I think that the company has arounf 15b shares O/S but the float is likely your number of between 4 and 8b shares. T
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Feb 16, 2005 12:21:34 GMT -5
Post by Warren on Feb 16, 2005 12:21:34 GMT -5
They can not sell into the market what is restricted. The CEOs are mainly holding restricted shares that they can not sell at this time.
Yes under laws you can sell up to 1 million dollars of the company shares each year. Could they be doing that maybe, but it would not fit into what they have been doing nor do I see them needing to do that. They have very positive cash flows from their current holdings.
The current CEOs are also part owners of a few other buisnesses that they intend to possably aquire. These other buisnesses that teh current CEOs are majority owners of have EXTREMELY positive cash flows in the 7 digit area (million) hem hem. They have no need of dillution for cash.
I am seeing shorting. I have alaso been noticing the market conditions for the micro s. LOL It seems that every one of them has been getting hamered very hard, so I would figure those trading at .0001 and 2 to be hammered just as hard. Those trading in the 3 / 4 or 5 range are now trading in the 1 / 2 range. Great time to be buying. I just hope no one had to do any selling in the last few weeks as I am sure most would not fare well.
I think we will see a market turn around in the near future. It always goes up and down and I am sure it will turn around and go back up.
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Feb 16, 2005 12:45:04 GMT -5
Post by ToddCT on Feb 16, 2005 12:45:04 GMT -5
They can not sell into the market what is restricted. The CEOs are mainly holding restricted shares that they can not sell at this time. Yes under laws you can sell up to 1 million dollars of the company shares each year. Could they be doing that maybe, but it would not fit into what they have been doing nor do I see them needing to do that. They have very positive cash flows from their current holdings. The current CEOs are also part owners of a few other buisnesses that they intend to possably aquire. These other buisnesses that teh current CEOs are majority owners of have EXTREMELY positive cash flows in the 7 digit area (million) hem hem. They have no need of dillution for cash. I am seeing shorting. I have alaso been noticing the market conditions for the micro s. LOL It seems that every one of them has been getting hamered very hard, so I would figure those trading at .0001 and 2 to be hammered just as hard. Those trading in the 3 / 4 or 5 range are now trading in the 1 / 2 range. Great time to be buying. I just hope no one had to do any selling in the last few weeks as I am sure most would not fare well. I think we will see a market turn around in the near future. It always goes up and down and I am sure it will turn around and go back up. I personally have 4 or 5 companies that claim they will FILE their 2004 earnings reports, that is what I think everyoone is waiting for. Late March and April will be a huge huge huge time frame for almost all penny's because when a few start moving they all follow suit. I personally hope that they don't all move toether as I want to "roll" earnings form one winner into the next one that will file, and hope for that one to hit as well. That is my suspected stratagy, and after they file they are able to be placed on the SHO list to help stop the Shorting at the same time, of course the shorts will never be squeezed out, but at least the floats wont grow more. T
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Feb 16, 2005 13:31:36 GMT -5
Post by Warren on Feb 16, 2005 13:31:36 GMT -5
Today I saw a few hints that we might see this turn around soon. A few of the stocks that I have been trading have been showing a little more strenth than usual. PRRM is not one of them but I figure the ones that have been trading at these levels should be the last to show strenth.
Todd check out ICAN. I beleive people should be able to still get in at .0003 or 4 depending. I am almost shocked to see teh PPS stable at .0004
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Feb 16, 2005 13:38:00 GMT -5
Post by ToddCT on Feb 16, 2005 13:38:00 GMT -5
Today I saw a few hints that we might see this turn around soon. A few of the stocks that I have been trading have been showing a little more strenth than usual. PRRM is not one of them but I figure the ones that have been trading at these levels should be the last to show strenth. Todd check out ICAN. I beleive people should be able to still get in at .0003 or 4 depending. I am almost shocked to see teh PPS stable at .0004 I actually am tapped out now, I bought more PRRM at .0001 and don't have the cash to buy more. Depending on my financial situation in a month I might have another between $2,000 and $4,000 to buy more but not at the moment. I do need to pay all of my living expenses first, you cant gamble with your rent money.......... T
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