posted
I found this post on the raginbull.com SSTY board that BOSTONGIRL posted on this board. It explains more extensivly what i what trying to say about reverse stock splits last week...
-chuckman
By: writonwater 16 Jan 2006, 11:52 PM EST
"Reverse splits can and do work to the advantage of common shareholders when certain criteria are met: A company with a large float such as this one, which I believe, has and is continuing to finance its operations by selling common shares (on the cheap) into the gray market, must produce earnings for several (preferably four) consecutive quarters. These bottom line results in a normal state of affairs produce a stock price increase adequate to accommodate a reverse split designed by management to produce a high enough stock price to allow a move to a better market such as the A.S.E. When a growth company exhibits such advances and sustains a higher price in the multiple dollar range post reverse split it then attracts a whole new universe of potential buyers; to include institutional interest. That is not to suggest that one should invest in a gray market stock based upon that one in a million scenario. But the scenario does exist and I have profited mightilly from it.......Sam"
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posted
Hope this helps. But keep in mind, this scenioro rarely happens, but I think SSTY is a great canidate for it to if they so happen to choose that route. Thats my opinion at least.
quote:Originally posted by ChuckMan: Hope this helps. But keep in mind, this scenioro rarely happens, but I think SSTY is a great canidate for it to if they so happen to choose that route. Thats my opinion at least.
-Chuckman
Do you have any idea of the A/S, O/S and float?
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!!
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posted
ChuckMan..... Does the article specifically mention Sure Trace though? Is there more to it? If it didn't I'm pretty sure the article meant "in general". At least I hope.....
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
No, honestly I do not really follow those figures, because I do not fully understand what to take from them. Some of terms in Sams message went right over my head that I copied over from the other board. My opinion was mostly based on reading about the big deal with brand315.com coming along and the companys strides to change markets. So no, I do not have any idea. Im still trying to understand these figures and what to take from them.
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posted
why would anyone be talking about a R/S , i thought the company said it had no intentions of it in the future,, if SSTY is landing these contracts in China and showing profit the PPS should start to climb , and as stated in the video SSTY is looking (shopping) to move to another board.
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posted
databig, you are correct the company did mention last it had no intentions or a R/S in the future. So all of this is kind of useless talk from that stand-point, but I like to be aware of things that can happen so you can prepare yourself...
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posted
your right i would not want anything to do with a split. ( wonder why i could not post the name when i see links posted. ?? just wondered.)
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posted
99% of the time reverse splits is the evil of "all evils". Most of me really believes SSTY won't do an R/S. They mentioned that back in November and let's hope they keep it that way. Many contracts with China is probably preventing an R/S to happen.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
I have a feeling this should be a good week for SSTY. Im thinking/hoping that there will be a couple big PR's before the video update, so the CEO can touch up on them during the interview. But i guess til then we have to wait and see.
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posted
The thing that bothers me today about SSTY is the lack of volume. I think people are just nervously sitting around and watching but not buying or selling until some news is out. So far since around last September, SSTY has released nothing but good news so I believe whatever is coming up is going to be great.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
I still don't get how whoever is doing this is getting their orders filled at the very last 1 or 2 minutes to either bump the price up or down. Gotta be some inside action going on.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
Does anyone understand what I'm saying? Here's an example. A SSTY buy order filled today at 1:22 PM EST for 100 shares. Who the hell is going to buy 100 shares of SSTY at $0.006 plus pay the commission fee every single time? Whoever is bumping the price up by buying a hundred shares here and there has got to be some person from the "inside". A legitimate trader would NOT purchase 100 shares for a whopping 60 cents at $0.006 and pay whatever commission fee they need to pay on top of that therefore leading to a "mystery" buyer who is bumping the price up for whatever purpose is beyond me. Can anyone else think what this could mean?
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
Im completely ticked about yesterdays last trade, becase SSTY would of most likly took off today also. I totally dont understand why someone would put in small trades like that. They cant be holding long, because what they did yesterday makes no sense. So that leaves me that they are a millionaire or something, that is a day trader. They must have one big trade, and a crap load of small ones to get the buy price they want and sell price they want. There might be some terminolgy for this stragedy, and its most likly illegal.
PS. EKWX is running, for those who like to buy on runs.
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posted
Well ChuckMan..... There goes another order filled at 2:10 PM for 100 shares. Remember, that's 60 cents this punk is paying for that 100 shares plus commission fees on top of that.
Notice, once the price drops down to $0.003, this joker will bring it back up to $0.006 with a hundred share purchase.
Is my thinking way out in space or is this happening for real? It's driving me crazy just thinking about why put in 60 cents worth? Obviously this guy isn't out to make money with this stock. There's definitely something going on that is WRONG WRONG WRONG!!!
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
Maybe this guy is using up his 35 free shares from Ameritrade?...lol, naw i doubt that. I still dont have a clue either, but this guy or group of people (which it is most likely) have been along do this ever since I seen SSTY trading, because this stock has been all over the boards since I first seen it. I dont think anyone can do anythign about it since SSTY is on the grey market though, so I think its something we have to deal with trading this stock right now. Once SSTY gets a Bid and Ask, the stock wont move no more than 5-10 percent on a low volume day, from what I seen other stocks do after changing markets.
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posted
There is definitely something suspicious going on!
I want EVERYONE here to see this.....
LOOK at the last 5 trades right before the closing bell.
At 3:58 PM EST, a trade filled for 100 shares at $0.006
At 3:59 PM EST, a trade filled for 200 shares at $0.003
Again, at 3:59 PM EST, another trade filled for 300 shares at $0.003
At 4:00 PM EST, a trade filled for 100 shares at $0.006
And lastly, at again 4:00 PM EST, a trade filled for 400 shares at $0.003
Now I feel like there's more than one person doing this crap. One guy drives the price up by trading 100 shares worth 60 cents. The other guy trades a few hundred shares to make the price drop.
I could be wrong but don't all of you here feel that there's something suspicious going on with this kind of activity???
From $0.003 to $0.006, up and down at the last few minutes with shares traded in the hundreds. Makes absolutely no sense whatsoever.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
Yeah its really getting under my skin also, because this stock wont ever reach a higher PPS if these people get away with this crap.
I take it that all these orders going through at the last second is the explaination for some peoples online brokers saying it closed at one price and others saying it closed at another? Ive read people on boards mentioniong this a quite of a bit. Im thinking some brokers might not register some of these trades at 4:00pm, so it closes at a different price?
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ChuckMan..... Do you know if these trades are still legally legitimate though? If they are not, I wonder what steps the SEC or even SSTY can take to make these idiots stop. It's been going on for awhile now and now, almost on a daily basis. It's really pissing me off because it just makes you feel like there are 2 morons out there just ruining things for all SSTY shareholders by tampering with the PPS. I'd like to give those punks 100 shares of my FIST! MAYBE 600 shares!
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
Well..... Anyhow, if it keeps happening on a daily basis, I think I'm going to personally try to give SSTY President, Michael Cimino a phone call next Monday to see if he would know anything about what's going on with these bogus trades. I'm pretty sure it's going to happen again for Thursday and Friday. Keep your eyes open!
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
Lacking volume for awhile now. Nervous potential buyers are probably waiting for NEWS like the rest of us before we start seeing volume again. Another week folks. Hang in there. That's all we can do for now.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
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