posted
no at somewhere in the .008 level, im no worrying, ill get my 100 percent. Plus ill be adding more on the dip. GZFX heading to .03 this month!
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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posted
yeah hopefully will get a second interview with John. You must be real excited about GZFX, i see you all over the broads. lol.. its cool, im a big GZFX fan myself!
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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posted
I wonder how happy the "longs" that bought when the OS was 300 million and the share price was .17 are today?
quote:Originally posted by whizknock: This is one stock that will make a long term investor happy. Even the most agressive traders should put some to the side for the long haul!
quote:Originally posted by imakmony2005: LMAO STOCKS1984, DID YOU BUY RSHN AT .0005.LOL
Hey imakmony clear all your messages from your PM's. Why dont you look up the facts before you try to assume something. too funny,, imakmony does not know true facts
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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quote:Originally posted by stocks1984: no at somewhere in the .008 level, im no worrying, ill get my 100 percent. Plus ill be adding more on the dip. GZFX heading to .03 this month!
posted
Ok, now I know we almost all agree that this stock is going up for awhile till at least .02-.03 if not higher. What are every ones opinons on retracement though. I'm trying to decide if I think its going to crash back down like it did last time or if it will have a steady run to about .03 then maybe a little pull back to maybe .026 then keep going up. I feel that everyone believes this stock is worth .03+ but the history of this stock is what may predict its future. The CEO might need to release a good PR at the right time to continue the run and keep ppl from selling off. What does everyone else feel might happen?
Posts: 671 | Registered: Nov 2005
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posted
O btw, my prediction for tomorrow. BIG gap up! Lets see we closed at .0155 I predict we gap up to .0168 make a run to .0175 if its strong maybe .0180. Then a dip down to .0160 and a close somewhere in the .0180's. .0180's is a 20% gain tomorrow which sounds about right to me! By weds./thurs. w/no news I think we will be on the otherside of .02!!!
Posts: 671 | Registered: Nov 2005
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posted
Dudanation: after GZFX's run keep an eye out for RACK again. Their 10k is coming out 4/27. I will probably be buying a ton on margin and maybe even shorting that stock! Keep it on your radar!
Posts: 671 | Registered: Nov 2005
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posted
Hi, this is my first stock traded and I'm trying to understand the SEC filling. I have never read one before, so if you can correct me, I will be very happy. If it's all false, just ignore this message. Here's my analysis with a lot of assumptions and no experience in any stocks. So don't base anything on that.
With the formula given, GGI can convert from debentures:
where formula_val = min ( $0.20 82% * thee?? lowest volume weighted average prices during the 20 last trading days 82% * the volume weighted average price on the trading day prior to the conversion )
??I suppose thee means three (french is my first language) or it's a typo
but they will also have to exercise the a pro rata portion of the warrants at $1.09. That portion is equal to 100*debenture_amout, so if they decide to convert $203,391 of debentures, they will have to exercise their 20,339,100 warrants at $1.09.
So I have calculated what this amounts to: the interest on the debentures is 4.75% so in three years it will give them about $203,391*4.75%*3=$28,983. This is negligible so we can ignore the interests and this tells us that they will convert the debentures to shares. But when?
So I have applied the formula to many pps ranging from $0.0057 to $0.5 to see what they could profit from the conversion and dumping. I also supposed that they convert and dump the total amount without trying to earn capital gains and without respecting the 9.99% ownership.
For example, if they decided to convert all the $203,391 in shares at a current price of $0.016, formula_val would be approximately 0.80%*0.016=0.0128 and the nb_shares would amount to: (110*203,391-100*0.0128*203,391)/0.0128 = 1,727,552,306 shares at $0.016 = $27,640,837 They will also have to exercise the warrants at $1.09 and dump them at $0.016: 20,339,100*$1.09 - 20,339,100*$0.016 = -$21,844,193 Their profit will be $27,640,837-$21,844,193 = $5,796,644
So I did this for values ranging from $0.0057 to $0.5 and it showed me that they would always make $5,796,644 in profits at all prices, until the price is $0.25. From that point, if they did not convert, they would make a profit of $(111,865,050*pps) - $22,169,619.
So if the pps get to $0.3, they would make $11,389,896. Remember that at $0.3, formula_val will be limited to 0.2.
The warrants and the debentures will expire in 3 years. That means that if they can expect the pps to rise over $0.25 before three years, they are better off not converting the debenture and waiting to take profit.
Meanwhile, they are already at their 9.99% limit of owned shares and they would have to dump them to convert another 9.99% of shares ownership. But why do that, when they can receive interest from debentures + get capital gains from their actual 418,131,676 shares (9.99%) + convert after some years for substancial profits.
So they could start dumping them after 2 years when gzfx is already in the moon and we're all rich Posts: 19 | From: montreal | Registered: Nov 2005
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posted
Dudanation: **** rack is like $53 a share now!! As far as insider info I don't know (yet) lol.
Mortal: Yeah the GGI situation sux. Personally, the way it seems is GGI doesn't hold on to them at all. I wish GZFX never agreed to this deal. I think they could have done better just selling their own damn shares. We owe this company $200,000 and we have to give them way too many shares to pay that debt off. Just not worth it in my mind. O well, maybe the O/S wont be as bad as last time (X fingers)!
Posts: 671 | Registered: Nov 2005
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posted
Still, when i hear long I think for years. Yeah, longs will make money for sure I think, just not what they deserve. They keep this price up for us and allow less MM manipulation. Limit the shares, you limit their profits. But I think even if you are hardly ever by the PC, you should generally be able to sell on it and get some profit and buy back in at a decent price. Our last run, dropped to what? .015 after .02? Nothing wrong with taking that then putting in a quick recovery order at .012 or .013. Hell, you're gonna hold anyway, take any little extra gain you can when you see such a sharp drop like that.
Thanks for your comment. I try my best. Good luck tomorrow everyone!
quote:Originally posted by QBID'n: Duda your right, but Whiznock's point is clearly understood and agreeable. Guys like you, daytraders, have proven your success here on the board time and time again, but those like me who choose to buy and hold, do "hold" mainly for one reason, and that is because most long holders like myself aren't fortunate as you to have a lot of time throughout the trading day in front of a PC. Our fulltime jobs during trading hours keeps us away from the computer so we make do with the option we have. I think Whiznock is just trying to say to the longs "hey don't worry, your gonna make money too".
btw, I appreciate your posts. You bring a lot of good information to the thread.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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posted
I'm just wary of quarter results unless I know for sure they're gonna do well. Google took a major hit on my pay last time and I stayed in even when I saw all the people talking about how google might not make it that time. So I guess we just gotta do our research.
quote:Originally posted by Mysticobra96: Dudanation: **** rack is like $53 a share now!! As far as insider info I don't know (yet) lol.
Mortal: Yeah the GGI situation sux. Personally, the way it seems is GGI doesn't hold on to them at all. I wish GZFX never agreed to this deal. I think they could have done better just selling their own damn shares. We owe this company $200,000 and we have to give them way too many shares to pay that debt off. Just not worth it in my mind. O well, maybe the O/S wont be as bad as last time (X fingers)!
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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posted
I think these are the key words. "converting the debenture"
"The warrants and the debentures will expire in 3 years. That means that if they can expect the pps to rise over $0.25 before three years, they are better off not converting the debenture and waiting to take profit."
This will go ovrr .25 in 3 yrs, thats a no brainer IMO. The authorized, hasnt been applied yet and is simply something to protect themselves from being bought out. I dont think that this ceo wants to destroy his pps thru dilution, when he has this much going on with CC and other suspected deals. Just dont think that the pps will be destroyed this way. these fears were squashed friday.
Just my personal opinion, do not take this as investment advice
Posts: 6397 | Registered: Jan 2006
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posted
sorry for the mistakes, my conclusion should read: "they are better off not converting the debentures now and instead convert and dump them after two years from now to take profits".
instead of
"they are better off not converting the debenture and waiting to take profit."
[ April 03, 2006, 03:41: Message edited by: mortal2k ]
Posts: 19 | From: montreal | Registered: Nov 2005
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posted
I think they made a typo error in the resistance and pivot point on this analysis... It should have the resistance at .018 unless the fat fingers are screwing up the TA along with the charts...
posted
I also didn't know that we could have negative support
Price Support Pivot Point Resistance 0.0155 -0.0727 0.0572 0.1871
So don't base any decisions on that.
quote:Originally posted by Zygore: I think they made a typo error in the resistance and pivot point on this analysis... It should have the resistance at .018 unless the fat fingers are screwing up the TA along with the charts...
posted
Glad I sold at the open. Looking for under .0145 now as soon as etrade lifts my stupid daytrader flag AHHH!!!
Posts: 671 | Registered: Nov 2005
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posted
No stupid etrade, they flagged me last weds. b/c I would put in a buy and they would get me 5000 shares and I would have to raise my bid...etc, etc. So, I was making too many transactions. I faxed them a paper saying I talked to a rep and I won't do it again. He told me it would take 2 days and I would have my margin acc. back. So, this morning I sold looking to buy back on a dip. I put in a limit at .0145 so I could just go back to bed and my funds weren't available. So, I called and waited on hold of course. Finally talked to a guy and he said he would speed the process up, but I won't be able to buy till tomorrow. Now, I'm not too pissed right now since today looks kinda ugly, but I just hope I can get in under .0150 tomorrow. Damn I hate etrade, but its partially my fault for not understanding the stupid SEC rules and regs. GLTA but personally I would like to see it be a down day now. Sorry guys Posts: 671 | Registered: Nov 2005
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Ok Im starting to get fired up at Etrade now! Im happy for you guys though, looks like it might be a good day!!!
Posts: 671 | Registered: Nov 2005
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posted
But it's not eTrade's fault there. They are only protecting you from the SEC rules. If you happen to go over 4 trades in 5 days, the SEC will suspend you account, not eTrade, and eTrade won't be able to do anything about it.
I am with Interactive Brokers and they limit my daytrades too. I have to wait until tomorow so I can trade again.
Posts: 19 | From: montreal | Registered: Nov 2005
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posted
over 4 trades in 5 days? Is this another not having a margin account thing? The longest I held a cash account for was about a week. The second I read about margin bam! I had it lol
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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