posted
i don't know much.. but down over 60%, with volume of over 7 million in a stock where virtually all the average volumes are under 500k seems like something suspicious.
i'm thinking maybe i shoulda bought more at .004. looks like this was the last breakdown before they'll raise it from the grave.
my original buy-in point of .01 looks so far away from here. we'll pass it soon, i hope.
-------------------- Hindsight is 20:1. It's like printing money.
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The Debentures are in the principal amounts of Two Million Seven Hundred Thousand ($2,700,000) US Dollars, bear interest at the annual rate of Eight (8%) Percent and are convertible into the number of shares of Satellite Newspapers Corp. (the Registrant) at the conversion rate of $0.005 per share or 50% of the market price if the stock trades below $0.005. <<<<<<<<<<<<<<<<<<<< <<
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posted
where is it from? a PR they released? cuz I didn't see that in their most recent one, and i figure that if it was in an earlier one, the reaction would have already taken place... just wondering.
i'm hoping that this is a recoverable drop, or a bounce push by the MMs.
meh.
-------------------- Hindsight is 20:1. It's like printing money.
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posted
It would not be in a PR. It is taken from a filing with the SEC, most probably a 10Q, S8, SB2, DEF14. It is not unusual for OTCBB to dilute. I have seen many run with open dilutive filings.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
Don't be panic. The dilution is small, as compared with others, will not hit the market soon. This is the big pull-down to collect those stop-loss sell order, and the panic sellings that folloed. MMs' average cost is about 0.06. They have to make a run to get their money back. MMs never lost monney, they just to create a panic to get cheap shares. As suggested by Will, who is right in most cases, buy more at cheap. This low pps will not last long. Watch it.
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posted
glad to see you guys remain. i hate when i get in some other stocks and the champions of them dissappear into the woodwork as soon as something goes awry and then pop back up once it's recovered.
i just wish i woulda seen this drop while the market was open (i had an exam from 2pm-3:30, so i wasn't around), cuz I would have loved to pick up another handful or so at .004. easy double on those.
time will tell. ^-this is what i kept telling myself on RSHN and FNIX before they made their runs right after i sold out. this time, i don't intend to sell, and i'll actually be movin up with the stock when it comes back. hopefully.
-------------------- Hindsight is 20:1. It's like printing money.
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quote:Originally posted by JimSC: Don't be panic. The dilution is small, as compared with others, will not hit the market soon. This is the big pull-down to collect those stop-loss sell order, and the panic sellings that folloed. MMs' average cost is about 0.06. They have to make a run to get their money back. MMs never lost money, they just create a panic to get cheap shares. As suggested by Will, who is right in most cases, buy more at cheap. This low pps will not last long. Watch it.
posted
edgewise, I was paying attention, and bought more at .006, (wish I was in class. LOL). I am seriously considering trying the Bid tomorrow. I want to take some time and see how this settles. It is a difficult one, and I apologize for the drop that is causing frustration. Since the beginning of the year I have not had one pick that went down some and not recovered. Grant it, not many have dropped this dramaticly, except AXIG, and anyone that follows JimSC's and my picks will remeber how difficult that one was, and will also remember the rewards, if they held, and the regret if they sold. I am not recommending that anyone do anything other then what they feel is right for them.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
i don't know what's up with this one. but i'm holding. i've sold too many for losses before.. and right now, i don't have much more to lose and a whole lot more to possibly gain.
i have faith in this, if for no other reason than to give myself some comfort along the bumpy road ahead.
ah, patience.
-------------------- Hindsight is 20:1. It's like printing money.
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thinking of buying more, just to raise the volume levels and trigger someone to take notice.. but this stock has given its sloth quality to me as well.
anyways.. just waiting.
SNWPE.. someday..
-------------------- Hindsight is 20:1. It's like printing money.
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