posted
List of Stocks selected by Will & JimSc: (01/30/06)
SYCI MMXT
Watch list: XKEM RKTI IDWD
Note: 1. Criteria used by Will: UHV(unusual high volume) 2. Criteria used by JimSC: evidence of accumulation of shares by the MMs for a possible run soon; 3. For trades only -- no DD was done. 4. Treat each trade as a gamble; 5. Watch it. Get in only when it runs. ---------------------------------------
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posted
The huge drop yesterday in SYCI most likely because of the recent filing. It dropped 50% on this news and although one would expect the company to start printing some shares real soon since they hit the previous max, there is nothing that says they'll print a boatload immediately and this was a relatively low float stock to begin with, so I would expect a nice bounce from this one as well. At November 17, 2005, there were 34,631,211 shares of common stock, $0.0001 par value per share, issued and outstanding. So if they are getting close to the previous max of 100 million, looks like they printed a few shares in the last 2 months. There was also 16,775,959 shares o/s as of 9/30/05, so that was 18 million shares they printed from 9/30 until 11/17, and possibly another 65 million printed from 11/17 until now, so just a caution that dilution (in OTC:BB land who doesn't) is and will most likely continue, but that doesn't mean it can't pop from here, just an FYI that it may have some rough stretches when the market is filled with shares.
2. To Amend the Company's Certificate of Incorporation to increase the number of authorized shares of common stock, par value $.0001 per share (the "Common Stock"), of the Company from 100,000,000 shares to 3,000,000,000 shares.
-------------------- I may be wrong, but I don't think so....
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I saw it had some filing issues, particularly posturing for dilution, raising the A/S from 100M to 3B. Is a shortcoming for fundelmentals, no doubt. It will be interesting to see what happens the balance of this week. I have been wondering if MM's clear their inventory at the threat of dilution on the horizon. NAWL was in somewhat the same situation, however it lacks the volume, but has held at .002 / .0022 for over a week now, and showed some volume yesterday.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
List of Stocks selected by Will & JimSc: (02/1/06)
TCHL GMTH
Note: 1. Criteria used by Will: UHV(unusual high volume) 2. Criteria used by JimSC: evidence of accumulation of shares by the MMs for a possible run soon; 3. For trades only -- no DD was done. 4. Treat each trade as a gamble; 5. Watch it. Get in only when it runs. ---------------------------------------
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posted
I was in XKEM also, I saw it struggle trying to break that .0085 resistance. After about three tries at it, I decided to sell. No harm done, didn't lose any $. Still can do it, then it might have a little difficulty with .009, but if it gets by the .0085, it should go.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
That is entirely up to you. The alert was posted at .002. It was taken down from a 5 day high of .0058, a 20 day high of .0085, and a 65 day high of .025. I'm uncomfortable recommending to buy and/or sell, we only post these as stocks that fit a volume and price varience model. The rest is up to you.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
you guys have any thoughts on jphc? volume is not dramatic but it seems to have been brought way down possibly by mm and looks to make some big news in the next 30 days
-------------------- trashed and scattered again
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quote:Originally posted by SincereX13: you guys have any thoughts on jphc? volume is not dramatic but it seems to have been brought way down possibly by mm and looks to make some big news in the next 30 days
I wouldn't touch it unless I could get it at .0001
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posted
A little more info on a possible reason for the decline (looks like a GZFX type funding arrangement):
SUBJECT TO COMPLETION DATED JANUARY 31, 2006
106,584,844 shares of common stock of
GLOBAL MATRECHS, INC.
This prospectus relates to the sale of up to 106,584,844 shares of our common stock by certain persons who are or will become our stockholders. The selling stockholders consist of:
· Brittany Capital Management Limited, which is offering up to 100,000,000 shares of our common stock which may from time to time be issued pursuant to the Private Equity Credit Agreement dated January 10, 2006 (the “Private Equity Credit Agreement”); and
· Greenfield Capital Partners, LLC, which is offering up to 6,584,844 shares of common stock issuable upon exercise of warrants.
We are not selling any shares of common stock in this offering and therefore will not receive any proceeds from this offering. We will, however, receive proceeds from the sale of common stock under our Private Equity Credit Agreement. All costs associated with this registration statement will be borne by us.
The selling stockholders may sell the shares offered under to this prospectus from time to time, directly or through agents, underwriters or dealers, on terms to be determined at the time of sale at prices determined by the prevailing market price or in negotiated transactions. Our common stock is quoted on the Over The Counter Bulletin Board under the symbol “GMTH.” On January 10, 2006, the last reported sale price of our common stock on the OTC Bulletin Board was $0.016 per share.
Brittany Capital Management Limited is an “underwriter” under the Securities Act of 1933, as amended, in connection with the sale of common stock issuable pursuant to our Private Equity Credit Agreement. Under this agreement, after our delivery of a notice of our intent to put shares, Brittany Capital Management Limited will pay us, in two equal installments, the amount of the draw-down we request in exchange for a number of shares equal to 92% of the average of three closing bid prices during the applicable valuation period preceding the date on which the installment is completed. The 8% discount on the purchase of common stock to be received by Brittany Capital Management is underwriting discount. We are required to pay Greenfield Capital Partners LLC, a registered broker dealer, a fee in cash, equal to 1% of the amounts, if any, we may draw down for services related to the establishment of our Private Equity Credit Agreement.
No other underwriter or person has been engaged to facilitate the sale of common stock in this offering. This offering of shares issuable under the Private Equity Credit Agreement will terminate 36 months after the registration statement of which this prospectus forms a part is declared effective by the Securities and Exchange Commission.
Total Shares of Our Common Stock Outstanding as of January 10, 2006: 155,650,011
Number of shares issuable under the Private Equity Credit Agreement. We cannot predict the actual number of shares of common stock that may be issued under the Private Equity Credit Agreement, in part because the purchase price of the shares will fluctuate based on prevailing market conditions and we have not determined the total amount of cash advances we intend to draw. However, based on the closing price of our stock of $0.016 on January 10, 2006, we would have to issue to Brittany 1,020,408,163 shares of our common stock in order to draw down the entire $15 million available to us under the Private Equity Credit Agreement.
This registration statement covers the resale of only 100,000,000 shares we may issue under the agreement. Given the current price per share of our common stock, it is very unlikely that these shares will be sufficient to draw down the entire amount available to us under the agreement. If we desire to draw down amounts under the Private Equity Credit Agreement after we have exhausted the shares offered under this prospectus, we will have to file a new registration statement to registering the additional shares that we would issue for these further draws.
Dilution. The issuance and sale of shares under the Private Equity Credit Agreement will have a significant dilutive impact on our stockholders for several reasons, including the following:
· The lower our stock price is, the more shares we would have to issue for a given draw down amount.
· The shares we may issue under the Private Equity Credit Agreement are at a discount to the market price.
· The issuance of shares under the agreement will increase the number of shares we have outstanding, and their subsequent resale will increase the number of freely tradable shares in the market.
· We may need to seek shareholder approval to increase the number of shares of common stock available for issuance, whether by increasing the number of shares we are authorized to issue, effecting a reverse split of our common stock (thereby decreasing the number of shares outstanding), or both.
-------------------- I may be wrong, but I don't think so....
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posted
That is why I'm uncomfortable recommending to buy and/or sell, we only post these as stocks that fit a volume and price varience model. The investigation and DD is incumbent upon the person buying and/or selling a position.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
It looks like the MMs pulled down the pps to collect stop-loss sale orders. From the level 2 lineup, it looks like they will use 0.008 as base for a run. In previous cycle, they pulled it down to 0.065. They have a huge inventory to clear, IMO. Do your DD.
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posted
I'm out at .008 and will look for something in the 5's for a possibel re-entry....I need to check pinksheets.com more often for the inside dope...Yahoo only picks up selected tidbits and they sometimes leave the juicy PR's/filings off. Like both of you said, these are stock screens only and is only 1/2 the puzzle, DD is needed by each and everyone of us for the second piece. Have a good weekend gents.........
-------------------- I may be wrong, but I don't think so....
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posted
Sometime they take a few days or even a couple of weeks. MMXT was highlighted on 1/30/06 at .012, since it has traded at that and up to .014 today, a modest 16%, from alert. Looks like everything is now pointing up.
quote:Originally posted by The Green Demon: mmxt looks like it could go soon
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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