posted
This could gap up for some profit taking then drop to fill the gap. Remember there is a gap to fill already from yesterday so possible pull back off the bell to fill the gap and back into the 2's. No doubt this will be in the 2's today. The RSI is high but look at the CMF it is on fire so this could see .003 to .005 with some profit taking and MM's games it could hit the 200 day in a week of two. I hope your all in on AAPM. Keep a close eye on HSCC.
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Cash Now (CHNW) Cash Now Launches Forex Beta Test Site Wednesday February 28, 8:00 am ET
LAS VEGAS, Feb. 28 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now). Cash Now is pleased to announce the launch of the Beta Test site for Forex trading, meeting its aggressive objective of launching the site by the end of February. ADVERTISEMENT
The service has been branded 'Forex Advanced Markets by Cash Now', and can be viewed by visiting http://www.cashnow.com/forex_index.html. Forex traders are invited to visit the website, and watch for further announcements regarding the official launch of the fully operational Forex site on the Cashnow.com domain.
Mr. Garr Winters, Cash Now CEO advises, "The Forex Trading service represents a major new product introduction for Cash Now. Accordingly, we have set up Forex Advanced Markets as a separate division, although back office services will be combined with our core business. As we have stated earlier, we will continue to seek opportunities to diversify our product portfolio in line with our core competencies. The Forex Trading service is the first major step in line with our Corporate Objectives."
Winters added, "We are indebted to Richard Sciacchatano's accomplishments in establishing this new service offering, and accordingly, have appointed him Forex Service Division Manager. He will have full operational responsibility for all aspects of the Forex division."
Mr. Richard Sciacchetano noted, "The team has worked very hard getting us to this point. Not only have we met our initial target launch date, but a lot of back-end programming has been accomplished behind the scenes. I would recommend that the Forex traders keep us on their radar screen, as we intend to beat our goal of launching the final and fully functional and fully operational Forex site early in the second quarter. At that point, we will focus on optimizing the Cash Now Forex site so it can be easily found on the search engines."
Cash Now Background
Cash Now Corporation, a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Internet model. The company's proven business model includes licensing to corporately operate locations across the U.S., Canada, and Australia. Cash Now's Web site is the most advanced payday-lending portal, offering key insight to clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express, and the industry first real time booking engine.
Additionally, the company is in the developmental stage of a FOREX Introducing Broker (IB) platform. The company plans to continue broadening offering both of the FOREX and the sub prime product lines simultaneously.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Cash Now's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Cash Now's periodic reports filed with the regulatory authorities.
-------------------------------------------------------------------------------- Source: Cash Now Corporation
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This looks very impressive as a FX dealer, they're actually serious. Should be interesting especially with the global markets' current conditions and the ripple effect that will occur now and into the short term future. Should be an interesting day with the current momentum, IMO.
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posted
Don't be too sure. I got a link from the IHUB board on CHNW that the AS increased from 5B to 11B , a 6B increase. So typical of any pinkie. They fool us with great PRs and dilute the heck behind the poor investors back !!!!
I anticipate a lot of selling today.... I know I want to get rid of my 1m free shares ASAP...
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posted
That's such bullsh*t (the company, not you bk). They may not start selling right away, but everyone in this should keep a close eye on it. Hopefully they let it keep going up before they start dumping.
Although, actually, now thta I think about it. They may have HAD to increase the A/S to pay the "salary" of the management. Is the TA gagged, or can you check the O/S, which is the important number. If management shares are restricted, as has been rumored, it won't hurt you guys, but if the O/S starts increasing, you're in trouble.
quote:Originally posted by bksundar: Before the stupid people start accusing me of creating trouble without link, here it is :
posted
dalton, I think that depends on what the company is doing with the new shares available to them.
If they are dumping them, then you're in bad shape. if they are holding them to issue as restricted shares for salary, then this sell-off is probably unwarranted and it should bounce.
the key is the number of outstanding shares of the company, and if it's changing. I'd call the TA if I was in this. If they are gagged, you can probably assume the company is dumping. If the TA gives you an answer, then the company may have nothing to hide.
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posted
Gap is filling...lets see if this Co. is still up to it's BS. It could have went up in order for people to get paid. It could be done!
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posted
Thanks PCola - lot's of volume today and off the lows so just could be a correction and hopefully see a little more buying this afternoon.
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posted
All the new shares are restriced. This is all panic selling. Wait out the storm. People seen there accounts yesterday and how much they had and now it's down 50% and they are taking what they can get and getting out. It will be back up when the dust settles.
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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posted
As bksundar pointed out, the company increased their authorized share count over 100%. Chances are pretty good that they are dumping like crazy into the momentum that they HAD. And holders are trying to cash out gains or minimize losses. Huge compounding effect.
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posted
Bobcat, that's a big assumption to make while watching it go down 50%+. How do you know that ALL of the new shares are restricted? First of all, i think someone said that the "salary-equivalent" shares were restricted, but 1) you can't believe everything you read (or everything you hear from a CEO for that matter), and 2) they increased the A/S a HELL of a lot morethan they need to pay "salary".
quote:Originally posted by bobcat88: All the new shares are restriced. This is all panic selling. Wait out the storm. People seen there accounts yesterday and how much they had and now it's down 50% and they are taking what they can get and getting out. It will be back up when the dust settles.
posted
IMO all the new shares are the shares added for the sarary compensation for the bosses, they are going to have this back up in no time. The company still has alot going for them.
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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posted
Sherri, the price was .0002 just last week, right? So it could easily go back there if people take profits and others cut losses. And if the company is dumping shares, it shouldn't surprise anyone if those goes to a worst case scenario of .0001 and then reverse split. that's what pink sheet companies do.
quote:Originally posted by SherriT: OK - so how long for the dust to settle??? Just ballpark....
I was in a meeting - when I left it was at .0017, and now I see .0009
posted
By the way, it wouldn't surprise me to see this bounce, as day traders come in and play it that way, but be VERY careful about thinking any increase is the start of a new trend.
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quote:Originally posted by PCola77: Sherri, the price was .0002 just last week, right? So it could easily go back there if people take profits and others cut losses. And if the company is dumping shares, it shouldn't surprise anyone if those goes to a worst case scenario of .0001 and then reverse split. that's what pink sheet companies do.
quote:Originally posted by SherriT: OK - so how long for the dust to settle??? Just ballpark....
I was in a meeting - when I left it was at .0017, and now I see .0009
posted
Haha, sorry surf, just trying to be realistic. Although I'll freely admit that I said this would never move past .0003, so I obviously was totally wrong before. Wouldn't surprise me to be wrong again some day
However, evidence points to this run being over thanks to the a**holes in charge.
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