posted
Where will it go from here, Peaser? Are you sure it was shorted? I watched it all day and it rarely dropped much at all (a brief lul at .007, but no major drops to make a big profit off of with a short sell).
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
pull back sharply, and then rebound. With this much volume I think there will be a lot of flipping. This was at .0015 a few weeks back, that is over a 500% gain, a 6:1 split does not warrant that kind of run up. I still like this long term but I am glad I got out near the top on Friday.
posted
This may help clear up the split question with this Aetna's example!
What happens if I sell my shares on or between the Record Date and the Distribution Date? Between the Record Date, February 25, 2005, and the Distribution Date, March 11, 2005, two separate markets will exist for Aetna's Common Shares. Shares trading under the symbol "AET" will continue to trade at the higher pre-split price in the "regular way market." Shareholders who sell in the regular way market will receive value for the shares they sell and are not entitled to the split shares thereafter. By selling "regular way", shareholders transfer their rights to the split shares to the buyer through a mechanism called a "due bill." "When issued" trading is reported under the symbol AETWI. When issued trading ceases on the Distribution Date. For further information about "when issued" trading, you should contact your broker.
posted
There were at least 7 "200" messages on Friday, and several on the previous two days. To me it would seem that the MMs were holding it down and only at the end was it let go (which is why it shot up so far eod). With such a low float, I'd expect it would continue to go up due to too few shares to meet demand. Crazy people are going to want more now that the company has gotten national attention, so even if MMs try to pull it down there will be just too many buyers for it to drop much. I'm thinking it won't stop going up (with some small drops, sure) until the 28th.
Of course this is pure speculation on my part.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
News: Company clarifies split dates; exec locks up own shares
Union Equity Responds to Shareholder Inquiries Regarding Record Date of Forward Split 4/25/2005 9:03:01 AM
Apr 25, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has recently approved a 600% dividend in the form of six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
"Some people are being told that they have until May 16, 2005 to participate in the forward split," said CEO Michael Anthony. "This is incorrect. They must own the stock by the close of the market on April 27, 2005, this Wednesday."
Anthony speculates that some investors are receiving erroneous information confusing the Record Date with the Mail Date.
The Record Date for the forward split is April 27, 2005. Simply stated, if someone owns stock in the company on that date they will receive six additional shares of common stock for every one share they own. If someone purchases stock the next day, April 28, 2005, they just own the one share of stock they have purchased. They will not receive six additional shares.
The Mail Date for the forward split is May 16, 2005. This means that by this date the transfer agent will mail the additional shares to the applicable brokerage companies or to the individual shareholders who owned the company stock as of April 27, 2005. [about co; fwd-looking statements]<next> ************ Union Equity CEO Agrees to Lock-Up Agreement to Prohibit Sale of All Restricted Stock; Record Date Approaches for Forward Split 4/25/2005 8:35:01 AM
PALM BEACH, Fla., Apr 25, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) CEO Michael Anthony has agreed to enter into a lock-up agreement that will prevent him from selling any of his restricted company stock on the open market. This represents 6,049,244,000 shares of restricted stock.
This contract will double the standard twelve-month restriction that currently exists on Anthony's insider stock. He will not be able to sell his stock on the open market until November of 2006. After that date he will still be bound by Rule 144 restrictions that govern the sale of insider or affiliate stock.
"Numerous investors have shown a tremendous amount of good faith by investing in the company," Anthony said. "Now I need to show them I'm in this for the long haul."
The contract is currently being drafted by Union Equity's legal counsel. Once executed, the contract will be posted on the company web site in PDF format.
In addition, the company has recently approved a 600% dividend in the form of a six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
posted
ok this is pissing me off now i have a bid in for .01 and they have sold 2million shares at .009 since i put mine in >.<
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill Posts: 428 | From: indiana | Registered: Apr 2005
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posted
they were selling UNDER my offered buy price thats BS it shouldnt happen orders in front of mine shouldnt matter if my offer for the stocks is higher
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill Posts: 428 | From: indiana | Registered: Apr 2005
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posted
anyone got the bid ask? how many ask are at .01
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill Posts: 428 | From: indiana | Registered: Apr 2005
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quote:Originally posted by jason10: they were selling UNDER my offered buy price thats BS it shouldnt happen orders in front of mine shouldnt matter if my offer for the stocks is higher
To clarify -- from Ameritrade:
quote: Thank you for contacting us today concerning this order.
With a limit order you will want to keep in mind that you are only guaranteed to receive your price or better, not a fill. Fills are directly related to how many orders and shares are in front of your order, and how many shares are available at each price. Consequently, your order may not fill even if your limit price is reached.
The security you are inquiring about is listed on the Over-The-Counter Bulletin Board (OTCBB). One of the most common mistakes made when trading stocks listed on the OTCBB is equating the rules of trading listed stocks (i.e. NYSE, AMEX, etc.) with the way orders are executed by OTCBB market makers. Those stocks listed with an exchange trade in an environment that brings buyers and sellers together so that investors primarily trade with other investors in that type of market. However, stocks listed on the OTCBB are handled differently. With OTCBB securities, all trades involve a market maker. The market maker usually buys from the seller and sells to the buyer.
OTCBB securities do have "Limit Order Protection" rules in place, but that only guarantees that the market maker holding your order cannot trade ahead of you. It does not require the market maker to "reflect" your order to the rest of the market, and it does not prevent a different market maker from trading at or through your price. There may be times when the market maker holding your order will "match" your trade with another investor, but this is done based on opportunity only. Therefore, there are many times when you see trades above and below your price and you still are not due a fill.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill Posts: 428 | From: indiana | Registered: Apr 2005
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