posted
I was reading the 10Q so far, and no alarm bells but there is a concern.
It shows numbers up to Sept. 30. It shows them using stock to pay some debts. Let's not forget that recently the a/s was increased to 250 billion. And in the contract a r/s is scheduled for 2006. The only reason that companies go public is to raise capital. That being said, be wary for signs of massive dilution leading to an r/s.
I would imagine treasure hunting takes enormous amounts of cash. Imagine all the people and equipment that are out there diving on the wrecks now. And they won't receive any revenue until they start to sell off some of the findings. So it isn't unreasonable to expect them to use stock to fund the company for the short run.
The payoff could still be huge in the end. But be careful!
I am sitting on 18 million shares. But I will take profit when it appears because the long term makes me nervous on this one.
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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posted
I don't see it xyz. You'll have to show some evidence that is easy to access. I did some looking and didn't see what you describe. If I've missed something, you can easily post the links to what you are talking about--allstocks will let you post allstocks links.
You only have 34 posts on this alias and you don't let others rate you, so I don't see why we should listen to you. I told you to show details and you just throw more bla in my face!
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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quote:Originally posted by HossTrader: I was reading the 10Q so far, and no alarm bells but there is a concern.
It shows numbers up to Sept. 30. It shows them using stock to pay some debts. Let's not forget that recently the a/s was increased to 250 billion. And in the contract a r/s is scheduled for 2006. The only reason that companies go public is to raise capital. That being said, be wary for signs of massive dilution leading to an r/s.
I would imagine treasure hunting takes enormous amounts of cash. Imagine all the people and equipment that are out there diving on the wrecks now. And they won't receive any revenue until they start to sell off some of the findings. So it isn't unreasonable to expect them to use stock to fund the company for the short run.
The payoff could still be huge in the end. But be careful!
I am sitting on 18 million shares. But I will take profit when it appears because the long term makes me nervous on this one.
Being new to this stuff do you think there will be any movement up tomorrow because of this report?
I'm also looking at this one for the quick profits here and there. I know the treasure hunting is very expensive and it's all hit or miss. So I plan on taking the profits when they come.
XYZ -- I can't speak for rickpic other than to say so far I've done good by what he's posted. I've already cashed out of this stock once with a profit and I'm sure I'll do it again.
I also agree unless you can post up some proof of what you are saying I think you should keep it to yourself.
Posts: 462 | From: FL | Registered: Oct 2003
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posted
the best thing I see in the 10q is that in the 8k from 10/27 they stated
That the total amount of all issued and outstanding stock or units of CALI at the date of this Agreement is approximately Two Billion Five Hundred Million
in todays 10q the O/S is
The number of shares of the issuers common stock, $0.001 par value, outstanding as of November 10, 2005 was 2,287,896,950
or a decrease of 213m shares
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
One point missed is that the treasure has already been recovered over the last two years. They are submitting it to the government of Nova Scotia so they can collect their 10%. The only exception to that is that we don't know how much they recovered; we just know how much was reported as being on one of the ships that have been confirmed as going down in the area.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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quote:Originally posted by Thorn: One point missed is that the treasure has already been recovered over the last two years. They are submitting it to the government of Nova Scotia so they can collect their 10%. The only exception to that is that we don't know how much they recovered; we just know how much was reported as being on one of the ships that have been confirmed as going down in the area.
See that's the part I don't get, is what advantage to they get out of not releasing the info on what they have found?
Posts: 462 | From: FL | Registered: Oct 2003
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posted
It seems that maybe PR's are not a wide enough medium for the general public, they're on the internet search engines, obscure publication websites, but hardly any print media. And I don't see anything of otcbb on nightly tv news. So with that observation, maybe thats partly why pps don't move as soon as we see the PR's. We just don't get the coverage on the mainline primetime. S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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posted
Also, don't forget, we (common shareholders) are on the bottom of the money food chain. Executives first, prime investors, bond holders, preferred shareholders, etc... then come me - joe shareholder. Along for the ride. And we hope we don't go down with the ship. ... except to dive for treasures. S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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posted
Ricpic. What would that decrease be about? Is that a float? And why are you of opinion that this is a good thing? It's been known that a company will hold some of its authorized outstanding shares as a hedge from hostile takeovers or as a way to have some control of its company doings. I'm also wondering if this is the exec. group of cali keeping some inside trade control. None of this is really a bad thing, but usually privileged information we don't get to see. S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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posted
I just want to get out but I can't sell at .0004 Bought 2M shares at .0007 on Sep.
Posts: 209 | From: Santa Ana, California | Registered: Nov 2005
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posted
Just out of curiosity, to all you flippers out there, are you flipping for a .0002 spread? or greater or less? (for example, if you buy at .0004, are you selling at .0005, .0006, or .0007?)
I'm thinking .0002 spread is good, because you a little more wiggle room to get back in the game. For example, if you buy at .0004 and sell at .0006, then you could always rebuy (hopefully) at .0005. I mean .0001 is still a great return when a stock is this cheap... but is it better to try to take .0001 3 times and risk not being able to get your low price again over maybe getting .0002 1 or two times but with the safer bet of getting back in? Or is it better to try for bigger, but less frequent flips (maybe .0003 once vs. .0001 3 times)? What's better? Little profits more often or bigger profits less often?
Though I definitely wouldn't mind knowing what people are doing specifically for this stock, I'm mostly interested in learning how to FIGURE OUT what the best strategy is (you know, the whole teach a man to fish thing )... can you figure out by looking at charts? Do you just figure out where the bouncing points seem to be and hope it'll repeat the same? Or do you tend to add a little safety zone in there? Stuff like that, I'd like to know.
Thoughts, anyone, on the strategy you generally use when figuring when to flip? I'm still learning, and this would be something I'd like to learn through other people's trial and error, if at all possible.
Thanks in advance.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
quote:Originally posted by WarpedMind: Just out of curiosity, to all you flippers out there, are you flipping for a .0002 spread? or greater or less? (for example, if you buy at .0004, are you selling at .0005, .0006, or .0007)
I'm thinking .0002 spread is good, because you a little more wiggle room to get back in the game. For example, if you buy at .0004 and sell at .0006, then you could always rebuy (hopefully) at .0005.
Thoughts, anyone, on the strategy you generally use when figuring when to flip? I'm still learning, and this would be something I'd like to learn through other people's trial and erro, if at all possible.
Thanks in advance.
Personally IMO it would depend how much you have invested at the time. If you have 10 million shares * .0004 you could easily flip it with only one up tick and make a nice profit.
However if you you don't have so many shares like probably most of us here I think a tick or two might be in order.
I'm still learning the game, but my first buy in on this I bought at .0004 and .0005 and sold at .0007. I then bought again at .0004 and .0005 and have it set to sell at .0007 again.
Depending on how it moves when ever we get another run, I may lower or raise my ask price.
I'm just a newbie but that's how I see it.
btw just to give you a mistake I've made so far.. I didn't do my research and figured I'd do a test on buying just buy watching the charts.
I bought qbid at .0005 one day when it was bouncing back and forth from 5 to 6. I figured I'd buy at .0005 and sell at .0006 for a quick 20% gain.
I mean hell you can't go broke with 20% gains I'm thinking. Morale of the story.. I've had my sell order in at .0006 since Nov 1st, on qbid and I still own all my stock. Posts: 462 | From: FL | Registered: Oct 2003
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posted
Warped, consider your commission fees. If you're able, a single trade would be best, because you save those fees. However, is the upper and lower ranges of the pps are not that wide, the .0001 flips are great. As always, taking profit is never a bad thing.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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quote:Originally posted by Thorn: One point missed is that the treasure has already been recovered over the last two years. They are submitting it to the government of Nova Scotia so they can collect their 10%. The only exception to that is that we don't know how much they recovered; we just know how much was reported as being on one of the ships that have been confirmed as going down in the area.
See that's the part I don't get, is what advantage to they get out of not releasing the info on what they have found?
I don't know. I expect we will know something at any rate once the slow government officials post their report (I don't know why they would not post it, and would think they'd have to, but governments are slow...).
One thing could be that the insiders wanted to buy some shares before it runs, but anyway, if the VP has shares at .0005 (off the open market evidentally), that is encouraging to me.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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quote:Originally posted by WarpedMind: Thorn, was the VP not allowed to buy the stock at market value? Did he have to buy it at .0005 instead of whatever the going rate is?
I don't know what happened, but it looks like he bought the stock when it was at .0005 on the market (the publication of the forms is delayed, so the purchase happened a while back when the price was higher). I would have thought that being an insider he might have had the opportunity to buy shares at a special rate below market price.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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This is pretty low volume for a run down. Must just be people getting out because the stock is not performing. (Or does that not make any sense, and I'm just trying to comfort myself?)
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
Rickpic is a little quiet today...all the news is still in place,Co still has great potential, could this be a last drop before the next great pr and then we move back up tp 6or7?! i believe this is still a tradeable stock...all my shrs are at .0003 and have a sell order in at .0006and .0007 and will buy on the dips...
posted
I guess most of you folks are on margin. I'm on non margin and I'm only allowed a small tic up when the pps is under 10 cents. It's tough to set an out with much room.
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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posted
cj all my share were bought at .0005 and i still hold all of them, so if i'm quiet its because there is very little I can say or do in this present pps range! I'm down just like most everyone else at the moment
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
Man, if we could get some really good volume it doesn't seem like it would be hard to get a couple of ticks up. We just need some good news to get out there. Preferably with some appraisal numbers!!
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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posted
In reference to the treasure hunting business... I bought OMR at $2.4 because of an awesome article in fortune magazine.. I made some good money.. I then tried it again in OCRI... lost some good money... Is third time a charm for treasure hunting stocks??? Am I a complete idiot to invest in a company looking to find stuff on the ocean floor??? If I buy 30 metal detectors and start scowering beaches for pirate treasure would you guys buy shares of my company??
These are all unanswered questions that
-------------------- All men's gains are the fruit of venturing.
~Herodotus Posts: 339 | From: Southern California | Registered: Aug 2005
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quote:Originally posted by OhhhYeah: In reference to the treasure hunting business... I bought OMR at $2.4 because of an awesome article in fortune magazine.. I made some good money.. I then tried it again in OCRI... lost some good money... Is third time a charm for treasure hunting stocks??? Am I a complete idiot to invest in a company looking to find stuff on the ocean floor??? If I buy 30 metal detectors and start scowering beaches for pirate treasure would you guys buy shares of my company??
These are all unanswered questions that
Well with this company, they have already found stuff, just bringing it up now. This is one treasure hunting company where the risk isn't finding the treasure, but instead it is the inherent risk of dealing with a penny stock.
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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posted
I sent them a e-mail today just for the hell of it.. Was trying to see if I could get any sort of time table as to when they will release more info on what was found. They didn't seem to want to budge which isn't surprising..
But did say they would release info weekly..
The reply:
Please reference the WEB site at www.sea-int.com for more information on projects and artifacts. We do not provide values as the market will establish the value of the artifacts during the private sale and auction process. New artifact and site information will be released to the WEB site weekly. Management appreciates your support and interest in SVXP.
Posts: 462 | From: FL | Registered: Oct 2003
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posted
Can someone with L2s please tell me if it looks like I have a chance in Hades to get 250k at .0002? (yes, fifty bucks) I've been sitting on this one for a while now.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
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)... can you figure out by looking at charts? Do you just figure out where the bouncing points seem to be and hope it'll repeat the same? Or do you tend to add a little safety zone in there? Stuff like that, I'd like to know.![[Big Grin]](biggrin.gif)
I think a tick or two might be in order. ![[Roll Eyes]](rolleyes.gif)
![[Smile]](smile.gif)
