This is topic PHAR ~ .05 ~ 89% Drop - BOUNCING OFF BOTTOM in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


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Posted by jaescobar22 on :
 
This thing just dropped hard, not sure why, but its on the uptick

.05 x .055
 
Posted by ShortTermMemory on :
 
Oops two threads at the same time my bad...
 
Posted by jaescobar22 on :
 
Current PPS .055

MOVING !
 
Posted by jaescobar22 on :
 
HAH , np, I think we posted within 30 seconds of each other, lol
 
Posted by rocked on :
 
can't get filled at .06..
 
Posted by rocked on :
 
what's l2 doing.,.
 
Posted by CRab on :
 
any clue as to what happened?
 
Posted by rocked on :
 
who cares, it's running back up..
 
Posted by ShortTermMemory on :
 
 -
 
Posted by jaescobar22 on :
 
No Clue, but this thing is coming back STRONG

.062 x .065

Ask is getting hit everytime [Smile]
 
Posted by rocked on :
 
this is looking nice..
 
Posted by jaescobar22 on :
 
.07

Get in Now. Same thing happend to PAIV, you guys remember? Except this one doesn't have all that crappy baggage

.075 , High since the uptick started

Holy SHIZNIT
 
Posted by Fonzy35 on :
 
bid ask 3 mm on 0.07
3 mm ask on 0.075
 
Posted by bigwormcb on :
 
PharmaNetics (PHAR) gave back nearly 16 percent after the Raleigh, N.C., biotechnology firm said it has completed a $9.6 million private placement of preferred stock. The financing was led by Camden Partner, a Baltimore-based health care private equity fund. The preferred stock converts into common stock at $6 per share. The deal also includes warrants for the purchase of an additional 510,932 common shares at $7.12 each.
 
Posted by Johnwayne on :
 
Can't get filled at .06 either.
Filled at .075
 
Posted by rocked on :
 
i got filed at .058 [Wink]
 
Posted by jaescobar22 on :
 
HOLY JUMPIN BEANS

.085 GOOOOOOOOOOOOOOOO BABY
 
Posted by rocked on :
 
RUN BABY RUN RUN RUN . projections to hold to, im out at .30 [Wink]
 
Posted by rocked on :
 
thisis a nice lunch run...lol just wait until after !
 
Posted by jaescobar22 on :
 
wall at .08

when that breaks, this thing is going to get a hard on
 
Posted by Johnwayne on :
 
Nahh the heck with .30, might as well try to get even for the day at .45 LOL
 
Posted by rocked on :
 
it's lunch time...people are still eating lol
 
Posted by CRab on :
 
Think it'll really get that far?
 
Posted by BULListic on :
 
In for 15k at .085, I'll take my chances for a bounce on anything that is down 75%.
 
Posted by rocked on :
 
.095!
 
Posted by rocked on :
 
here comes the huge hammer at the ask, watch..
 
Posted by android_xxx on :
 
in at .085, hope to see 0.12 atleast
 
Posted by rocked on :
 
of course you'll se .12...it was at .035
 
Posted by rocked on :
 
BOOYAH!!!
 
Posted by J_U_ICE on :
 
This is saving me from an otherwise horrible day
 
Posted by rocked on :
 
ditto..
 
Posted by jaescobar22 on :
 
This thing is running Good

Im out everyone,

Entered at .048 , Exited at .095

Good luck you guys, I hope you make some money
 
Posted by CRab on :
 
What are the L2's doing?
 
Posted by J_U_ICE on :
 
jaescobar22 nice play. I'm too greedy to get out
 
Posted by jaescobar22 on :
 
LOL, Just make sure that when you do, you make some serious cash [Smile]

100% is good enough for me
 
Posted by djg7 on :
 
Bid 2x.10 2x.09

Ask 2x.105 3x.12
 
Posted by CRab on :
 
thanks...
 
Posted by J_U_ICE on :
 
quote:
Originally posted by jaescobar22:
LOL, Just make sure that when you do, you make some serious cash [Smile]

100% is good enough for me

I know I only got 15k shares so I staying a little longer.
 
Posted by CRab on :
 
here it goes again...
 
Posted by rocked on :
 
booyah..
 
Posted by jaescobar22 on :
 
.11 x .115

The ask is constantly getting hit, It looks like it still has room
 
Posted by Fonzy35 on :
 
bid 11 ask 115
 
Posted by J_U_ICE on :
 
PHAR going private....don't know when....see last year 5-13-2005 filing.........et z

Be very careful I'm not staying much longer
 
Posted by Fonzy35 on :
 
nite ask 115 bid 12
 
Posted by CRab on :
 
Why would NITE have the bid higher than the ask?
 
Posted by BULListic on :
 
12 x 13

This is fun, beats the red in the rest of my so-called portfolio. Gotta love the dead cat bounce.
 
Posted by Fonzy35 on :
 
ubss and nite bib 13 ask 135
 
Posted by Fonzy35 on :
 
nite bid 14
ask 145
 
Posted by jaescobar22 on :
 
.14 x .145 - Damn this thing is hot

Shoulda, coulda, woulda stayed

but i got burned in the past, and didn't want to repeat mistakes. 100% for me [Smile]
 
Posted by maumee river rat on :
 
You would think that gap would want to fill just lookin at it.. It would be nice !!
 
Posted by CRab on :
 
lol...its moving faster than we can post...
 
Posted by jaescobar22 on :
 
lol bid went

.117, .118, .119 in half a secon HAHA
 
Posted by rocked on :
 
here's a shake..
 
Posted by J_U_ICE on :
 
Good luck I'm out
 
Posted by vinnie1 on :
 
going down
 
Posted by rocked on :
 
yea that was the shake..
 
Posted by BULListic on :
 
Yeah, the thing looks like the dial at the gas pump at times [Roll Eyes]

quote:
Originally posted by jaescobar22:
lol bid went

.117, .118, .119 in half a secon HAHA


 
Posted by Fonzy35 on :
 
what PPS you guys expect?
 
Posted by skrewball on :
 
Damn! You think I would know by now not to chase!!!

I"m hoping for an afternoon rally.
 
Posted by CRab on :
 
.12x.1350 thats kind of a big spread?
 
Posted by scfraser1 on :
 
next run we hit .15, just need the spread to tighten.
 
Posted by djg7 on :
 
L2s

Bid 2x.12 1x.11 1x.10

Ask 1x.135 3x.14 2x.15
 
Posted by CRab on :
 
Ok...right now this is back to where it was pre May run...ya'll think that has anything to do with the wall here?

[ June 01, 2006, 13:24: Message edited by: CRab ]
 
Posted by CRab on :
 
_
 
Posted by BULListic on :
 
Interest dried up...I'm out at 11 and I'll take my first profit in years [Roll Eyes]
 
Posted by skrewball on :
 
Anyone know why the sudden crash today?
 
Posted by Fonzy35 on :
 
was at $0.58 may 03 this years
 
Posted by Fonzy35 on :
 
i put a sell at 0.30
see if to get up the PPS
loat volume this coul sky roket
if everybody put a sell at 0.30
 
Posted by CRab on :
 
not sure...but they have been in litigation for some time...thats all I can come up with...

They are a wholly owned subsidiary of Cardiovascular Diagnostics Inc.

This is what they do...

http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_71713J107

Oh and...

http://www.pharmanetics.com/
 
Posted by CRab on :
 
It appears they opened the other company to distance itself from the litigation...

http://informagen.com/Resource_Informagen/report.php?mrn=399

Not much on them though...
 
Posted by Fonzy35 on :
 
It say last close was at $0.33
could come back near that at EOD
 
Posted by CRab on :
 
lol...I'm hoping for something...

either way this is a historically low price looking at the chart...
 
Posted by scfraser1 on :
 
I'm just hoping for .12 and I'll be good.
 
Posted by CRab on :
 
yeah at that point I'm at around 30%...I'd be happy there...
 
Posted by CRab on :
 
This stock was only down for three months...Jan-Mar of this year...

Wish there was more info...
 
Posted by Fonzy35 on :
 
Just send a e-mail to the company, to found out what going on , and if they could release a PR, to us, the share holder

Let see what'll happen!
 
Posted by Fonzy35 on :
 
remeber guys if you sell your share cheap at
0.08 - 0.098 , there someone bying to make a profit,they expect it to go up too
 
Posted by CRab on :
 
I actually sent one a bit earlier...
 
Posted by scfraser1 on :
 
we should get some attention at these levels.
 
Posted by CRab on :
 
Does IHUB have a board for this? Haven't been able to find one...
 
Posted by Fonzy35 on :
 
check the momoplay section maybe
or bottom play at I Hub
 
Posted by Fonzy35 on :
 
nite is waithing in 4 place at ask of 0.12
UBSS in in 5 place at ask 0.125

on l2
 
Posted by scfraser1 on :
 
If not today, it'll go back up tomorrow.
 
Posted by CRab on :
 
if they are that high up why isn't this moving?
 
Posted by rocked on :
 
ewww...lol
 
Posted by Fonzy35 on :
 
Can i upload a pic of L2 in forum?
 
Posted by rocked on :
 
i think it'd be cool if it went back to 33..
 
Posted by CRab on :
 
you can just attach a screen shot...or a URL...

or just copy and paste...
 
Posted by Fonzy35 on :
 
can't past pic
 
Posted by CRab on :
 
So with the volume today, and the still very depressed price...can we expect a gap in the morning?

Maybe the people looking to get in after it tripped a bunch of radars for this evening?
 
Posted by Fonzy35 on :
 
it went up with no news may 5 at $0.58
 
Posted by Fonzy35 on :
 
Market is close

can't wait for tommorow
IMO, it's going to get sensor tonight in filter, scenner

Big GAP tommorrow
Boha Boha...lol
 
Posted by scfraser1 on :
 
Anyone get any word from the company as to why there was such a big drop today???
 
Posted by CRab on :
 
http://www.bloomberg.com/apps/news?pid=conews&tkr=PHAR:US

To bad google doesn't return results for Bloomberg or I would have had this much earlier, lol...
 
Posted by Fonzy35 on :
 
receive e-mail

Lost suit with Aventis, announced on Bloomberg this morning.
-----Original Message-----
From: [mailto:fonzy35******.**]
Sent: Thursday, June 01, 2006 5:49 PM
To: jfunk*pharmanetics.com
Subject: Hi



Hi, i'm i share holder

Just want to know what happen with your stock today
came down from previous close at $ 0.30 to a low of $0.035

Did something happen to the company cause the PPS to go down?

And it would be very appriciated if you could release a Press Release
to let us know what going on, us the share Holder.

Thanks
 
Posted by scfraser1 on :
 
Will this kill this company??
 
Posted by Fonzy35 on :
 
don't know, we have to search for more info
 
Posted by CRab on :
 
who knows...

The MM's are apparently still playing this...so they obviously know they can make money...if they are still on the ask around .012 then I can't think of any reason they'll let it slide down further...
 
Posted by Fonzy35 on :
 
WELL we know the company existe,it's not a ghost company, and they deal medical equipment, that i can see.
They don't talk that they lost money in the law suit, there not in Banckrupcy they don't have the Q
and someone said"Even Bankruptcy stocks bounce at some point after a big selloff"
and that it's true

i think this will go up imo
to bad we don't have the O/S and float
and PR

we could be suprise with this one there stock could very be undervalue(i'm speculating cause we don't know about there financing)

and someone was accumulating on L2 aroung 0.07 - 0.08 -0.09 befor the EOD

could run tomorrow if the MM want to play it
 
Posted by vinnie1 on :
 
this can go down that was a big drop may go down some more .iam going to wait before i jump in thats if i do at all always best to buy when theres a comirmed turn around.just a thought
 
Posted by CRab on :
 
If you look at the chart going back however long...this is actually the lowest the stock has ever closed...by two cents...
 
Posted by Fonzy35 on :
 
on quotemedia it's say

Outstanding:
10.6 m
Float:



Short Interest:
0 (as of 2/10/05)


http://www.quotemedia.com/results.php?qm_page=8941
 
Posted by vinnie1 on :
 
when it starts going up jumping in.
 
Posted by Johnwayne on :
 
I am still watching this one Vinnie. I am thinking along the same lines as you.
 
Posted by scfraser1 on :
 
Same here guys, I'm in as soon as I see some momentum building.
 
Posted by CRab on :
 
I've been watching...this thing is jumping .015 every time a buy of more than 10000 is placed...
 
Posted by scfraser1 on :
 
watch it here guys, looks like some interest now!
 
Posted by Fonzy35 on :
 
ubss bid * 0.062 ask SSGI * 0.07
Nite in 8 place on the ask * 0.12
 
Posted by Fonzy35 on :
 
I don't know guys, quotemedia say O/s 10,000,000
You think the Float could only around 1,000,000?
Could be with the news yesthurday that, they lost the appeal law suit and low float drovw the price fast down and bounce fast back up to 0.14?

If they come out with a good PR with future grow and finacial, been over a year, we are do for one,
This thing could go so up fast!!
back three years ago $2.00-$4.00

IMO i'm just speculating here

i'm still waithing e-mail from company
O/S and float , plus finacial and future grow, and if they could release a PR
been over a year
 
Posted by CRab on :
 
http://finance.google.com/finance?q=PHAR&btnG=Search

http://www.bloomberg.com/apps/quote?ticker=phar:US

Not sure how accurate bloomberg's fig's are but there you as far and float and all that other jazz...

I was out at .75 earlier...

I really NEED to learn to be happy with small profits...
 
Posted by Fonzy35 on :
 
i'm out me too with a lost
 
Posted by ShortTermMemory on :
 
http://www.knobias.com/news.htm?eid=3.1.58583a9f60b54bd378a497ad7e130fc005fad807 8e2fe2dce35902b0856d...

PharmaNetics to Proceed as Private Company

Tuesday , May 17, 2005 17:49 ET

RALEIGH, N.C., May 17, 2005 (BUSINESS WIRE) --PharmaNetics, Inc. (PHAR.OB) announced today that it has filed a Form 15 to deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, effective immediately upon such filing on May 13, 2005. As a result of the filing of the Form 15, the Company's obligation to file with the SEC virtually all reports and forms, including its quarterly and annual reports, has terminated. In addition, the common stock of the Company will no longer be quoted on the OTC Bulletin Board. Deregistration will significantly reduce the information PharmaNetics must disclose to shareholders and the SEC.

The Company's principal reason for deregistration is to eliminate costs of operating as a public company and to preserve its remaining cash resources to continue its litigation against Aventis. The initial trial to resolve portions of the dispute with Aventis is scheduled to begin in June 2005.

SOURCE: PharmaNetics, Inc.

PharmaNetics, Inc.
John P. Funkhouser, 919-781-1640

Copyright Business Wire 2005


Public Companies Associated with this story:
 
Posted by Fonzy35 on :
 
Recieve e-mail from CEO

quote:

----- Original Message -----
From: John Funkhouser
To: 'M****'
Sent: Monday, June 05, 2006 9:57 AM
Subject: RE: Hi

You should have received a proxy explaining our situation. We are a private company; non-reporting. Operations were shutdown two years ago. No revenues.

-----Original Message-----
From: M*****[mailto:fonzy35*******.**]
Sent: Thursday, June 01, 2006 5:41 PM
To: John Funkhouser
Subject: Re: Hi


Sorry to bother you again

Can you tell us the Oustanding share, and the
Float , etc

and what company revenue, and future plan that we could put a average price on share?

did the company lost money on law suit?

Thanks again
----- Original Message -----
From: John Funkhouser
To: 'M*****'
Sent: Thursday, June 01, 2006 5:13 PM
Subject: RE: Hi


Lost suit with Aventis, announced on Bloomberg this morning.
-----Original Message-----
From: M***** [mailto:fonzy35*******.***]
Sent: Thursday, June 01, 2006 2:51 PM
To: jfunk*pharmanetics.com
Subject: Hi


Hi, i'm i share holder

Just want to know what happen with your stock today
came down from previous close at $ 0.30 to a low of $0.035

Did something happen to the company cause the PPS to go down?

And it would be very appriciated if you could release a Press Release
to let us know what going on, us the share Holder.

Thanks


 
Posted by scfraser1 on :
 
Moving a little here guys, keep an eye on it.
 
Posted by Johnwayne on :
 
Just getting ready to post the same thing.
 
Posted by scfraser1 on :
 
Volume has really picked up, any news?
 
Posted by scfraser1 on :
 
This thing can go easy with some interest.
 
Posted by Johnwayne on :
 
a few IHUB boys sniffing around.
 
Posted by scfraser1 on :
 
I pick some up at .039. Not much but I think worth the risk.
 
Posted by scfraser1 on :
 
Any word JW?
 
Posted by Johnwayne on :
 
Building a little momo. Let's see if I can get a buy at bid.
 
Posted by scfraser1 on :
 
L2 is moving fast now!!
 
Posted by scfraser1 on :
 
Something is up here!
 
Posted by Johnwayne on :
 
Gonna miss it %^*&%(*^&* Scottrade.
 
Posted by scfraser1 on :
 
I got it yesterday.
 
Posted by scfraser1 on :
 
after .064 we fly
 
Posted by scfraser1 on :
 
took my eye off it for 2 minutes and it crumbled, damn.
 
Posted by needthecash on :
 
just a dip
 
Posted by scfraser1 on :
 
Yea, I just looked at the L2 and it looks like a lot of 5000 mirror trades
 
Posted by Johnwayne on :
 
Yeah and I got in at .064 - HOD.
Already got my finger on the trigger.
 
Posted by Johnwayne on :
 
SCF- are you out?
 
Posted by scfraser1 on :
 
Looks like it was a quick group play to me. I'm going to hold. I didn't put too much on it and I got it low. I think this stock should recover in time. I'll keep an eye on the L2 though.
 
Posted by scfraser1 on :
 
Volume coming in again, watch it JW....
 


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