posted
Almost 46 million shares traded and it closed up on the day. Volume has been huge for a week. Supposedly on 08/12/05 it hit an intraday high of .0030 I don't think that I will be able to double up at .0010. Doesn't look like it will go back down that far. Could be that news is on the way. By saying that you hope that we finally break 3 did you mean $3? Now that would really be nice.
Posts: 580 | Registered: Oct 2003
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posted
Man,... I wish I got in on BCIT about a month ago...........crap! =) Any idea if this merger is going to happen or when? I know everyone probably knows the same stuff but just checking. I looked up the recent "E" at the end of RWNW(E), I read that it meant they were deliquent on filing some of their SEC forms? How does anyone think this will affect their price? I'm asking all these questions so Vlad4 doesn't have to talk to himself. =) (just kidding vlad).
Posts: 78 | From: Philadelphia, PA | Registered: Aug 2005
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posted
its been very slow lately... I did notice the E too evok, so far it seems price is not affected to badly.
Posts: 271 | From: Napa, CA | Registered: Jul 2005
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posted
First I’ll apologize if this information has been posted before.
When doing my DD I’ve noticed something quite interesting. Let me lay it out for you.
RWNW owned by Steve Careaga
Arabian Recab Trading is in merger agreement with RWNW
Arabian Recab Trading acquired 30% of Amenni which is a drug company in Florida.
Amenni merges with Nannoca, Inc.
Nannoca, Inc. (NNNCE.OB) is owned by Steve Careaga.
Amenni is also going to merge with Distributor Bioceutics
Small world huh? Many links below to support findings.
2004 ART acquires 30% of Amenni July 13, 2005 RWNW announces merger with ART July 21, 2005 Nannoca merges with Amenni
Interesting time line? Now Amenni looks to have some very interesting products in the pipeline and could be a nice breakout stock. But how will this play out? Once RWNW and ART are one, will they acquire the other 70% of the new Nannoca and Amenni company, or will they still be two. If two, should we own both? If one, which will be the parent company?
Is this all a pump and dump? Or is it keeping everybody intermingled so each is assured of forward movement without being left out?
I’m posting this to both board here and hope for some cross talk. Perhaps someone can set up a board for cross talk between the two entities.
posted
No news yet on the acquisition, but if we hear something the stock could take off. In the last month it has bounced between 0.0012/.0018 with one spike to .0032 Today it dropped to .0012 on large volume and then moved up to close at .0017, a 40% rise from .0012 In the morning I am putting in a buy order at .0012 And then I am going to trade it. So far I have always been a buy and hold type of person, but looking at the swings of these penny stocks, I have decided to trade half my holding, but hold on to the other half so that I won't miss out if there is any huge jump in the price of the stock on news. If I get it at .0012 I will immediately put in to sell 1/4 at .0018 If it keeps going past .0018 I will watch it. If it stalls, I will sell another 1/4 at .0016 or better. I will then put in to buy again at .0012 IF I get in again at .0012 I will then have increased my number of shares and I will put in to sell 1/2 again. But even though I am putting in to sell 1/2 again, I will be left with more shares. The buy/sell points may vary depending on how the stock is doing. If it is doing good I will keep on increasing my number of shares without putting any more money into the stock. Of course if I buy in at .0012 and it keeps dropping, then I will loose money. However I will keep close watch on the stock and the company news and so I think that the odds are that I will do better than just buying and holding. I think that it is going to be fun seeing what happens. This is a VERY VOLITAL STOCK. You might want to try this, or do make beleive paper trades and compare how you would do with buy & hold VS trading the stock.
Posts: 580 | Registered: Oct 2003
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posted
morehotair123 looks like you made a good pick out of amep
AMEP did very well today and will continue this company will out do everything that tnog has done once they start drill into their own land in the barrnet shale with their own drilling rig this will bring alot towards my 100,000
AI im with you on rwnw this news about the merger will push the pps up but imho rwnw is a swing play that should be approached with caution
glta
Posts: 629 | From: new england | Registered: Feb 2005
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posted
well i dont feel that the rs is a big deal on this company mainly because im just playing the swing.it looks like there could be some good upside here.other than that i havent done much dd on this what i feel is worth looking at is the merger this could push the pps up quite a bit.the could result is some cash flow and that is always good for any pink sheet company. the thing that strikes me funny is a wireless networking company buying a stone quarry hmmm but green is green and if the volume conitues ill be buying. rwnw had a red day today so ill be keeping a close eye on this this of course is jmho and if you wish to go long be sure to do your dd good luck bmax,
Posts: 629 | From: new england | Registered: Feb 2005
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Steve owns RWNW and NNNC. Both of which are consulting companies and RWNW does not do wireless any longer. Arabia Recab Trading (ART) will merge with RWNW and also owns 30% of NNNC at the moment. One thing i know for sure, and that is the Saudi’s don’t loose money, but only make it, so if they are involved it is to make money.
Arabia Recab is a privet company thus they do not trade on any market so no current stock can be diluted. Currently ART generates $29 million now and $7 million from the quarry, and $25 million from the ARCO Tel.
Steve goes to these guys and makes a deal whereby ART will buy RWNW and ART buys into NNNC. This keeps the circular family network in place so everyone work in tandem.
Now what do you think a $60+ million dollar company that has been in business for 25+ years warrants for their stock? Now the new company, Recab International, will own this new lucrative stock that they bought for pennies on the dollar (and any cash was to keep it nice and legal).
Steve makes out by keeping some of the shares himself that he will sell later and perhaps some upfront cash.
Knowing the Arabs, their friends and family are buying the stock like crazy also. Then with all this new money, they go out and buy into NNNC and do it all over again.
At the end, everyone is very wealthy. VERY!
$5,000 investment = 2.5 million shares of RWNW * $4/share after the acquisition = $10 million!
Do that again for NNNC, but kick it up to $1 million investment!
Man, you have just got to love it. Best part is, it is all legal and not insider trading as all of this is on the wire. These are viable companies with assets that ART is buying. Nothing out of the ordinary.
~AI
Posts: 18 | From: home | Registered: Aug 2005
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posted
wow i never even looked at it that way but you are very right great post AI keep up the good work,looks like i might be going from swing to long.sounds like a good way to make money bmax
Posts: 629 | From: new england | Registered: Feb 2005
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posted
AI, in your opinion, what kind of a time frame do you think we're looking at for this acquisition/merger?
I have no problem with a long term investment, just wondering what you guys think we are looking at for time.
Posts: 7 | From: Boston, MA | Registered: Sep 2005
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posted
gm, you have the right idea. Previously, whenever it hit this area, the bottom fell out and the stock took a swan dive, but now it is holding steady and even climbing higher. I just cancelled my GTC buy order at .0013, and tomorrow morning, if it isn't dropping, I will put in a buy order at the asking price.
Posts: 580 | Registered: Oct 2003
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posted
GEEZZZ. This morning I got up, took a shower and looked up RWNW. Whoa! Was .0032 Bid/ask was .0032/.0033 Quickly put in a buy at .0033 looked at bid ask .0033/.0034 I decided that I wouldn't be able to buy it at .0033 because it was in a strong upmove and I wasn't going to let get awayfrom me again. So I put in a buy at .0035, looked and it was .0034/.0035. That sucker was moving. Tried .0037 looked: .0036/.0037 Tried .0040 and got it. Just for the heck I immediately relooked at the bid/ask and it was already .0040/.0041. I've never seen a stock move so fast. Turns out that that was the high for the day and has backed off some since then, but not too much. Over $500,000 traded so far today. That is serious money, hopefully somebody knows something and is trying to buy in before a major announcement is made.
Posts: 580 | Registered: Oct 2003
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posted
Looks like i was wrong. Nannaco (NANN (was NNNC)) was micro the other day and now opened at $.25. This is strange though as there seems to be no news at the ticker change or the apparent successful merger and it shows a previous close of $.56. I have to have the ticker wrong!! If NANN warrants even todays close of $.22 and they lose money, RWNW should, after the merger, open in the dollars as ART makes money. And todays news is 300% gain in quarterly profits without the added quarry or telco. *IF* NNNC did become NANN due to successful merger, then the timing would be soon i suspect for the RWNW merger.
~AI
Posts: 18 | From: home | Registered: Aug 2005
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quote:Originally posted by Poseidonism: AI, in your opinion, what kind of a time frame do you think we're looking at for this acquisition/merger?
I have no problem with a long term investment, just wondering what you guys think we are looking at for time.
With their next quarter is ending September, so i would think it to be around then, but i'm not aquatinted with the particulars of the deal, so it is hard to estimate time.
~AI
Posts: 18 | From: home | Registered: Aug 2005
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posted
I am soo lost in this I have both NNNC(NNAN) and RWNW.......... I'm still trying to find my clothes I lost on the NNNC (NNAN) now what gonna loose shoes hat n coat? Help?
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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I'm heavy in RWNW only because they are going to merge with ART; a company that already makes money and has proven so over 25 years. (if) When the merger is done, the stock should be worth a good bit.
NANN is only owned by 30% from ART and is merging with another company. This has potential, but i don't see as much upward as RWNW does near term.
Please do own DD.
~AI
Posts: 18 | From: home | Registered: Aug 2005
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posted
It was the back and forth talking about NNNC and RWNW I coulnt tell who or what was being talked about on this thread and since I was trying to read during play time here it all ran together for me..... Thank you for your reponse.
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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posted
Has been stuck in the .0017-.0026 range for quite a while, but a post on another board says that the 2% that we get of the merged company works out to ~ an 1:11 reverse split and since the new company will have profits of a minimum of 25 million dollars next year, that works out to $6 a post split share. So if you have 111,000 shares now, post split you will have 10,000 shares and at $6/share that = $60,000, even if it was only $0.60/share, that would still be $6,000 and at a present price of .0022, you could buy 111,000 shares for $244 + transaction costs. http://www.stockhouse.ca/bullboards/viewmessage.asp?no=10807064&t=0&all=0&TableID=0Posts: 580 | Registered: Oct 2003
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posted
hello I am a Spanish investor of many in Nannaco(nann) and we are more looking for people who also have been swindled by the Careaga bird. This action is a trap and I think that rwnw is equal. This action does r/s and S-8 so that it arrives at a point in which it is had less than an action and of this form you let be shareholder. Single Nannaco lives on rumors, first Network alert, later Nazz productions and now Amenni. That also concerns Rwnw because it is property of the same bird. We are few that we want to put to the bird in carcel and that has an equipped affluent companion. My English is basic, if somebody wishes to answer to me please that it does it in English normative or Castilian if it knows. Also I am in Ragign Bull http://ragingbull.lycos.com/mboard/boards.cgi?board=NNNC Luck to all
-------------------- Haz el bien y no mires a quien Posts: 2 | From: spain | Registered: Dec 2005
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-------------------- When once the itch of money comes over a man,nothing can cure it but the scratching of a loser share Posts: 10 | From: U.A.E. | Registered: Dec 2005
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