quote:Originally posted by triovestor: It would create what it already has .
But we can not see the full picture . As they have not told us eveything obviously . Which means there is a plan to put atleast some value in the stock right now . A forward split on a stock that is .0001 would not make sense .... Unless .... certain things are being done { not disclosed at this time } to create a near term share price increase to raise the funds to finance the oil and follow through with the dividends from the royalty trust .
I need more info to determine the full picture and scope of what is going on . But I am sure there is at least a plan here to increase share price .
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Boneyard, the shares you own are part of the O/S. When they buyback, they buy on the open market just like any other investor. When you sell, it may go to the JMCP buyback or any other investor buying at that Ask price. Once they buyback shares, they "may" remove them from the O/S and they become part of the Float.
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Your stock is part of the outstanding shares. That is what outstanding shares are, the shares that are out in the market. More specifically they would/should be buying back from the public float, since the outstanding share count includes those shares held by insiders.
Let me know if I didn't explain that well enough.
quote:Originally posted by boneyardjeep: Sorry for the no punctuation thing. I will try harder.
Please bear with me on this for I am still a little wet around the ears.
If the buyback should happen to take place, can we sell to them our stocks that we have? or do they only buy back the out standing shares?
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I'm laughing my ass off at the idea that "if they PRd it it must be true". You're either new to trading, very naive, or just flat out lying.
Now, I'm not saying the PR isn't true, but to say it MUST be true since they PRd it is ridiculous at best.
And your comment about legalities is kind of amusing as well. What are you going to do, sue them? Have you seen how many penny companies release PRs taht are 100% bullsh*t? How many shareholders get ANYTHING from them? I'll give you a hint. NONE.
quote:Originally posted by triovestor: P Cola ..
Let me answer a few things . First they cover their butts legally . They have announced publicly their intention of buying back shares . And obviously their not going to give a date . They prefer to buy on the lower pps and get greater value .
And by now putting out this pr they do not have to mention it untill after times when shares might be bought . As for the statement { up tp .01 a share } I think that is for the marketabilty of the pr . I'm am sure their prefered price to buy back shares is much lower . And we are their anyhow . The .01 mark is now also a legal limit to what they must buy at .
We would always like more information . but this is a good piece . I said this before . I am absolutly sure they have intentions of raising the value of this stock .
Can they do it and will it happen is what we are interested in .
Now everyone drink up . Rush healthy soda for everybody ... even Scotty
posted
I must have been answering at the same time as you, but your last sentence about them becoming part of the float is wrong.
quote:Originally posted by TopRob: Boneyard, the shares you own are part of the O/S. When they buyback, they buy on the open market just like any other investor. When you sell, it may go to the JMCP buyback or any other investor buying at that Ask price. Once they buyback shares, they "may" remove them from the O/S and they become part of the Float.
quote:Originally posted by PCola77: I must have been answering at the same time as you, but your last sentence about them becoming part of the float is wrong.
It depends on what they do with the repurchased shares. If the simply buy back and hold they can be re-issued, so they would be part of the float until sold. If they retire the shares, then they are not available for re-issuing, so they would not be part of the float.
Maybe I should have said: "...Once they buyback shares, they "may" remove them from the O/S and they become part of the Float. They could also retire the share where they would not be available for reissuing and not in the float"
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I think maybe you should find out what "float" means...
quote:Originally posted by TopRob:
quote:Originally posted by PCola77: I must have been answering at the same time as you, but your last sentence about them becoming part of the float is wrong.
It depends on what they do with the repurchased shares. If the simply buy back and hold they can be re-issued, so they would be part of the float until sold. If they retire the shares, then they are not available for re-issuing, so they would not be part of the float.
quote:Originally posted by PCola77: Uh, pointing out that you are giving incorrect information to someone tha asked a legitimate question isn't an insult.
Had I said "you dumbass, that's not what float is" would be an insult. Telling you that you are defining float incorrectly is not an insult.
Maybe you should look up insult while you're looking up float...
LMAO!!! oh and half a BILLION "traded" and STILL no bid!!!!!!!!!!
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Lets just all stop bickering and just wait to see what this is going to do.If it does nothing then oh well we move on and if they do something then we all win.The bickering is getting old.
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OKay let's get it all down in one post for boneyardjeep and Rob:
Authorized shares: The highest number of shares that a company can have in circulation at any point.
Outstanding shares: The number of shares that are currently available to trade, this includes shares held by insiders, the company treasury, institutional investors and retail investors.
Public float: The number of shares held by retail investors.
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quote:Originally posted by PCola77: OKay let's get it all down in one post for boneyardjeep and Rob:
Authorized shares: The highest number of shares that a company can have in circulation at any point.
Outstanding shares: The number of shares that are currently available to trade, this includes shares held by insiders, the company treasury, institutional investors and retail investors.
Public float: The number of shares held by retail investors.
Well I was correct about the float, but not the O/S. If they buyback shares and don't retire or restrict them, they can still be traded. That would leave them in the O/S and in the float.
If they retired the bought back shares they would not be in the O/S or the float.
Now my question is, would the retired shares still be in the A/S for re-issue at a later date?
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It's one thing to admit that one doesn't know what they are talking about and ask for advice, but it's quite another when folks like Trio and Rob give advice that is either groundless or just plain wrong. That's part of the reason that people like Frank keep sucking innocents into these things.
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock.
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If the company buys them back they are NOT part of the float. How can you say taht you were right about that?
quote:Originally posted by TopRob:
quote:Originally posted by PCola77: OKay let's get it all down in one post for boneyardjeep and Rob:
Authorized shares: The highest number of shares that a company can have in circulation at any point.
Outstanding shares: The number of shares that are currently available to trade, this includes shares held by insiders, the company treasury, institutional investors and retail investors.
Public float: The number of shares held by retail investors.
Well I was correct about the float, but not the O/S. If they buyback shares and don't retire or restrict them, they can still be traded. That would leave them in the O/S and in the float.
If they retired the bought back shares they would not be in the O/S or the float.
Now my question is, would the retired shares still be in the A/S for re-issue at a later date?
posted
Is that the best you can do Scott, dwell on petty stuff? I still don't see why you and PCola are on this board if you don't want to buy in.
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quote:Originally posted by TopRob: Is that the best you can do Scott, dwell on petty stuff? I still don't see why you and PCola are on this board if you don't want to buy in.
gee TR instead of berating the guy for dwelling on "petty stuff" you might try saying " thanks for clearing that up for me, now i get it!" ( witch you clearly do not ) if you want a break you need to give a break!. these kind of responses only lead to more bickering! TAI!
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I just think it's really low-down and deceitful for large investment companies to pay bashers to scare investors into selling out low just so that they can load up on cheap shares. How do they (bashers) sleep at night?
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Rob, a guy asked a question, you gave him an incorrect answer and I corrected it. I'm guessing boneyardjeep wouldn't call that "petty stuff".
You constantly ask why I post here, and I reply that I try to help people. In this case, I am helping answer his question, and helping you learn the difference between A/S O/S and float. You need not appreciate it, and in fact you need not even listen to me, since apparently you still beliebve you're right and I'm wrong. You're entitled to think that, but it doesn't change the fact that you are wrong.
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I'm frightened to think that you actually believe that...
quote:Originally posted by TopRob: I just think it's really low-down and deceitful for large investment companies to pay bashers to scare investors into selling out low just so that they can load up on cheap shares. How do they (bashers) sleep at night?
quote:Originally posted by TopRob: I just think it's really low-down and deceitful for large investment companies to pay bashers to scare investors into selling out low just so that they can load up on cheap shares. How do they (bashers) sleep at night?
this makes no sense reguarding this stock, reason: it has traded with NO BID for months!!! no need for bashers to bring it down because it`s ALREADY at the lowest price we can pay ( if we dare to buy ) the comany has issued PR after PR along with "updates" on the website and the price wont budge! the CEO came right out and said HE drove the price down ON PURPOSE!!! even a basher could not top that!!! their OWN statements indicate there could end up being as many as 900 BILLION shares out after the F/S!!! this stock does not need paid bashers!!! the CEO is doing all thier work for them!!! IMO!!!! time for a reality check!!! IMO!!!!!
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MM can buy under .0001 you know. If you place a market order to sell, a MM might buy it for .00001. They have deceitful stock trading down packed.
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TopRob, be glad ole PG isnt here anymore. You would be toast. She would have chewed you into little bitttttty pieces by now. LOL.
The bottom line here is 1. You buy a stock so that you can sell it at a higher price some time in the future. 2. A stock must have a bid and and ask so that a person can buy the stock and a person can sell a stock. 3. A stock that doesnt have a bid means that you cant sell the stock. If you cant sell the stock than you have toilet paper. So if you connect the dots then this stock is basically toilet paper.
As far as paid bashers, that is a f*cking joke. WHO WOULD BASH A STOCK THAT CANT BE SOLD??????????? That is toooo funny. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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Assume you're refering to Purl Girl? I overlapped just slightly with her tenure, and probably not surprisingly, I made it a point to read many of her posts.
She was a bit more, umm, honest, than I could ever be, but I definitely sided with her most of the time.
posted
I am speaking of the almight Purl Gurl. Yeah I came in during her last few months here as well. I think that she got fed up with a bunch of folks on the old ndol thread. Some very serious comments were made against her (I think that repoman was banned for some of it for a while) she got fed up and left. Her, dustoff and blue moved on. They were all good traders and would smash the pumpers and were right about 99% of the time. After thinking about it she probably wouldnt waste any time with this thread but you would never know where she would show her choctaw self. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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Well Tman, maybe you can explain to me why anyone with good sense would spend so much time (months) bashing a stock that they themself say is a POS and wouldn't own at any cost. I would say say they are either nuts or a paid basher.
Another thing bashers do is to keep the pps down with hopes that the company does a R/S or go under so they don't have to cover from a naked short.
It's good to hear negative opions, but sometime you guys just don't know when to stop. Oh, i forgot, that might be what you were hired to do.
Maybe PG couldn't take anymore of you guys BS.
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Well, no one would ever accuse you of having good sense, but I'll ask the question anyway. Why would anyone with good sense continue to ask a question that has been definitively answered repeatedly?
People like me post here to keep others from falling into the trap that boneyardjeep has, where he puts a bunch of money into something based on PRs and message baord posts because he's too new to realize that PRs from these compaies are worthless. No one is trying to get you to sell (since you can't, in fact, sell), but rather to keep others from ending up in a situation where their money is tied up for months with now hope of selling.
Mayeb this time it'll finally register to you...
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TopRob, you apparently didnt read my post. IMO she would have been here chewing YOU a new a$$hole for pumping an obviously dead stock so that YOU could sell the remaining shares that you are now stuck with. As far as PCola is concerned all he is doing imo is trying to keep newbies from seeing this as a stock play when it is not. If you want to hold and wait for your ceo to make it then go ahead but dont pull new traders into this POS. It just aint fair. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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