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Wow, we might see $1 today, LOL wasn't really expecting to break .50 so easily. This is fun. Now thinking $4-$6 more than probable before this is over.
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Posted by: Art2Gecko In reply to: Mike2112 who wrote msg# 759411 Date:10/2/2006 10:01:33 AM Post #of 759439
AWYB - imo, for this reverse merger agreement, I'm sure there was language in the agreement stipulating a static share structure, at LEAST until the name/cusip change and cert recall/exchange..
We should have the NOBO PR out early this week, Mon or Tues...
now... For a cusip change you have to request that from NASDAQ, and that process takes 10 business days minimum. So.. say they completed that merger agreement last thursday, and requested the CUSIP change that same day..... imho, the soonest we'd actually see the CUSIP change occur would be NEXT FRIDAY..... so that should give this TWO trading weeks minumum before any real possibility of the new entity doing any dilution (if they even plan to..)
In the meantime, that should give us about 10 trading days WITH the actual short numbers known, volume pouring in, and shorts grabbing their ankles... Maybe we can flip the float ANOTHER TWENTY SEVEN times by then, and get AWYB trading with integers to the LEFT of the decimal point.
AWYB - you think that's huge? Look at these.. here's some comparison numbers to the run CSHD had>>
October 2, 2006 Simtek, American Way Lead Micro Cap Stocks American Way Business Development Corp. (OTC: AWYB) is yet again the talk of the micro cap world. With only 2.8 million free trading shares in the public float of AWYB, and volume averaging nearly double or triple that daily on no change in share structure, investors have speculated that there is potential for a massive naked short in AWYB stock. A non objecting beneficial ownership list that is due to be released by the company should help provide some evidence that a naked short position does exist. However, for a lot of investors, the only confirmation that is needed is to look at the stock price and see that it is climbing once again, up $.12 to $.52 on an astronomical 7.6 million shares, nearly triple the amount of shares in the public float. As the momentum continues with wild swings to the upside as investors pile on the stock, AWYB shares appear to be heading in a direction where it will soon no longer be called a penny stock. Keeping an eye on other small cap stocks, Simtek Corp. (OTC: SRAM) is also higher, up $.065 to $.585 on decent volume, after the smart money looks to be accumulating stock on Simtek's recent IBM deal a jump up in projected earnings guidance. by Thomas * 3:14 PM | 0 replies | E-mail | RSS Link to: Del.icio.us | Digg | Technorati
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AWYB Posted by: Art2Gecko In reply to: bluser who wrote msg# 14378 Date:10/2/2006 5:13:02 PM Post #of 14432
I just got off the phone with the source of that information. He had a conversation with Don, who also said he'd have the NOBO list in his hands tomorrow, or first thing Wednesday AM...
In regard to the 5MM float, he said that the OS and Float may eventually get increased to 15MM OS/5MM float(possibly)/10MM restricted, but AFTER the finalization of the merger, not that it already HAS been increased. Which was just proven out by the numbers from the TA not changing.. And even so, 1.2MM more free trading shares? who cares, lol that's not gonna help any shorts.
This info was mentioned in Pannetta's paltalk room, and that's what started the 3:30 selloff. So.... as of right now, no increase in the OS or float, and not gonna happen until after the cusip change, anyway, so in the meantime the shorts are as screwed as they ever were.
Basically, the MM's took it down on some panic selling, for something that hasn't actually even happened and may not for weeks..lol
In a nushell, bargain priced shares tomorrow AM... should rebound quickly once everyone knows why it dropped there late-day...
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