posted
Small float, I think the company will push this to .15 which is where it needs to be in october to maintain listing for now, bought a small position for fun
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posted
Favrille has 90 calendar days, or until October 7, 2008, to regain compliance with the $5,000,000 minimum market value requirement. In accordance with Marketplace Rule 4450(e)(2), Favrille has 180 calendar days, or until January 5, 2009, to regain compliance with the minimum $1.00 per share requirement
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posted
Well the company is not going bankrupt http://www.cowanalexander.com/calendar.htm#N0812 Under bankruptcy law you cant sell assets in a public auction before filing for bankruptcy. lots of interesting ideas floating around this one, could be a big big gainer...JMO
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posted
This has been trading weird, seems like MM's loading up here to let this run hard. They can't declare bankruptcy because they are auctioning off their assets. They just paid to get out of their long term lease. 33mill in property and equipment assets, 16mill in cash, so worth around $48mill....about $31 in liabilites from what I see, now I'm just looking at this quick could be dead wrong. So about $17mill in assets after liabilites are covered. If they get 30% of value at auction it is 5.1 mill. Trading at 2.44 million, so market cap of 5.1mill is about .13 share price. Trading at .06 cents. So fundamentally I'm guessing share price should go up from here, but with some momo and speculation this may run much further.
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posted
This is a classic dried out low volume setup for a huge move on speculation of possibly a merger etc...I've been holding patiently waiting for .10-.15+
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posted
nice day today, watch and learn boys, been out of the penny game for a while, but ask any of the oldies here like skip, cactus, and they will tell you what a set up this is
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Chart is shaping up, Auction is Aug 12,13,14 and earnings on the 15th, will be interesting, but willing to bet the momo crowd busts this to .12+ before this one dies.
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