quote:Originally posted by Captain_Nemo: i really pissed at CORR movment today! When will MM let this pop? Not much volume and movement on NEWS! Wow, what a pos!
I don't understand this one either. This company is making all the right moves and the pps keeps dropping or trading sideways.
quote:Originally posted by moneyticks: Corridor Communications Corporation Purchases 100% of Quik Internet of the Valley Inc., an ISP Serving Salem and Albany, Oregon
Give it until tomorrow once people have a chance to look at it. Remember, summer's are pretty slow. Especially, on Monday.
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OKAY! I totally, totally, totally do not understand what is going on with this stock. What in the BLUE BLAZES is going on that is keeps on dropping! I have looked for a bad financial report or something, I just don't understand. CAN SOMEONE EXPLAIN!
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quote:Originally posted by Captain_Nemo: ALERT: CORR's Website had been updated but it's still looks un-professional. Shareholders meeting yesterday! GOOD or BAD anyone?
The only thing I can think of is that they were to have authorized 800 Million more shares effective yesterday. That was according to an SEC filing. I figured that was what caused it to drop out of the penny range to the subpenny but that filing has been out since June 23rd and I figured the market had already adjusted to it. Maybe not.
quote:Originally posted by Leardron: The only thing I can think of is that they were to have authorized 800 Million more shares effective yesterday. That was according to an SEC filing. I figured that was what caused it to drop out of the penny range to the subpenny but that filing has been out since June 23rd and I figured the market had already adjusted to it. Maybe not.
I dont think that cause pps to drop! Management needs to release Financial or contracts PR instead of acquisition PR! Investors will not buy on acqusition news!
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Well, the only thing I can say is at least it is green right now. Let's hope it stays that way till closing. Very tired of seeing red on this one.
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Rumors that QWEST (Q)in talks of making a deal with CORR! Interesting day today. Could there be a PR out today to confirms this rumors?? Good luck
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quote:Originally posted by Captain_Nemo: Rumors that QWEST (Q)in talks of making a deal with CORR! Interesting day today. Could there be a PR out today to confirms this rumors?? Good luck
qwest great company nice website http://www.qwestwireless.com/wireless.jsp a deal would be great. time to see some of our patients payoff. riding this pony all the way to .02 cents
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AMAZING! that wall at .006 will torn down before MM let it bounce up. I hoope they let this ended in GREEN today! GEZZ i see red color everyday in this stock.
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WOW! It holds nicely today but still ended in RED! I see red colour every day in CORR! I WANT TO SEE ONE SOLID GREEN DAY!!!! GEZZEEE ! it takes forever for me to see this day. Maybe i will get tomorrow! HAHAHAHAHAHA
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I found it! It was a claim that the Executive Officer filed. Here is the explanation right off the form 4 Explanation of Responses: 1. Common stock granted to Executive Officer in consideration for services provided. 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 56,616,262 common stock
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quote:Originally posted by moneyticks: I found it! It was a claim that the Executive Officer filed. Here is the explanation right off the form 4 Explanation of Responses: 1. Common stock granted to Executive Officer in consideration for services provided. 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 56,616,262 common stock
That's not much when you consider their number of Authorized shares is now at 1.6 Billion and their outstanding shares are at around 500 Million.
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wow that's alot of shared of this sucker out their. 1.6 billion. and another 500,000 outstanding that alot shares, and current PPS the shares come out to around 15 million dollars worth of shares. hate to say it but is their a chance of a reverse-split. any opionions?
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quote:Originally posted by Daddy's Last Penny: wow that's alot of shared of this sucker out their. 1.6 billion. and another 500,000 outstanding that alot shares, and current PPS the shares come out to around 15 million dollars worth of shares. hate to say it but is their a chance of a reverse-split. any opionions?
Actually their total number of shares is 1.6 Billion but only 500,000 of those are issued. I guess I used the wrong term saying outstanding. They are authorized for 1.6 Billion but have issued only 500,000 of those shares.
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they just increased their authorized shares from 800 Million to 1.6 Billion on 7/13/2004. Here is what was in their DEF 14C Filing.
To Our Stockholders:
NOTICE IS HEREBY GIVEN that the following action will be taken pursuant to the written consent of a majority of stockholders dated June 4, 2004, in lieu of a special meeting of the stockholders. Such action will be taken on or about July 13, 2004:
1. The Company's Certificate of Incorporation, as amended, will be amended to increase the number of authorized shares of common stock, par value $.001 per share (the "Common Stock"), of the Company from 800,000,000 shares to 1,600,000,000 shares.
OUTSTANDING SHARES AND VOTING RIGHTS As of the Record Date, the Company's authorized capitalization consisted of 800,000,000 shares of Common Stock, of which 459,402,044 shares were issued and outstanding as of the Record Date. Holders of Common Stock of the Company have no preemptive rights to acquire or subscribe to any of the additional shares of Common Stock.
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ic thanks, i was think damn this company is bigger than i first thought, with 1.6 billion shares they should at least have a volume of 50 mil. a day. but with 500,000 it's understandable y so lil volume.
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