I havent been watchin but SCHB is probably the mm that was given the shares to sell. carefull with message boards not everyone knows what they're talking about.
the s-8 states they registered 150 million shares at .0005 this will always cause a stock to drop.
Amount to be Offering Price Aggregate Maximum be Registered Registered(1) Per Share(2) Offering Price(2) Amount of Fee(2) ------------- ------------- -------------- ----------------- ---------------- Common Stock, $0.001 par value 150,000,000 $.0005
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Man the S-8 shares were gone long ago! The AS is only 500 mil, and the OS is near that. This stock might very well head back up if 1. There is no panic selling. 2. There are buyers. 3. The company keeps coming out with good news.
It makes me sick when I hear people trying to scare others out of their shares.
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The S-8 was not done long ago these take time. you need to do the math.
The good thing is when the s-8 dries up it will bounce. they almost all do, thats why its on my radar, should be done this week. If i'm around I'll try to catch it near the bottom.
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quote:Originally posted by explorer186: You mean after NNNC has traded 1.5 billion shares since the S-8 was filed, the S-8 shares are not done yet. Yeah okay buddy....
what you think i'm a basher....LOL must be a newbie go back to RB. What I want it for .0002 cheaper to make an extra 20 bucks. LOL
again do the math. Don't be lazy with peoples money.
Time line.
August 2nd s-8 filed there were barely any trades until the 9th on the news. At this point company has 2 options either sell into the news or sell after the news. IMO they did a little of both.
Besides the s-8 shares, you have to calculate normall daytraders flipping in and out/scalping.
Look for it to bounce soon but don't be surprised if it drops hard first. A lot of s-8 plays drop hard the last day. But every stock is different, this one should bounce nicely.
p.s. i've just given people a reason it went down and a reason it will go back up shortly... That is hardly bashing.
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I question whether you have been in this stock during the run, or whether you are even experience. You are not even aware of the kinds of returns you play for when you buy in at 0.0002.
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quote:Originally posted by explorer186: I question whether you have been in this stock during the run, or whether you are even experience. You are not even aware of the kinds of returns you play for when you buy in at 0.0002.
Again, how did i put down your precious stock? it has gone down for 3 days and you offer nothing.
I was not in on this run as I was away last week. But I am watching now.
I didn't state getting in at .0002 just .0002 less.
if you have a question about me ask others or read my posts.
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I had enough of this bickering, so I won't bicker with you any longer. But correction: this stock has never traded at 0.0002. It closed at 0.0035.
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LOL without context his posts mean squat, but by no means am I impressed by them. Tex I am just as baffled at his 0.0002 nonsense. I stopped wondering after my attempt to set it straight took the road to no man's land.
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Explorer: Double lol, man--what's to be baffled at? He said he'd like to buy a little cheaper...
and, just FYFI, my friendly suggestion is to get impressed, quick. You're insulting one of the most respected vets on the board and he's being about as nice as he can in response...
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Keith, never put that together about S-8s--learn sumpin everyday. Good to have you back regular...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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