NTEK / NTGL
Quote: AhighSome people don't know how to say, "I was wrong." Those people are much more present on a percentage basis in groups dedicated to games of chance.
Nice that he finally realized tha about himself. Not always easy to admit. That should help him in his future endeavors.
ZCore13
Quote: Zcore13Nice that he finally realized tha about himself. Not always easy to admit. That should help him in his future endeavors.
ZCore13
I concur. That's pretty positive of him.
Quote: AxelWolf-Quote: AhighNeverminded all this other BS. What are you up to nowadays?
He's finally succeeded with his 'setting' convictions and techniques and can now arrange deposit bottles and cans in his bike carry basket for robust and consistent barcode reading right from the basket.
He has proven that he can win every time with the machine.
Sadly, I can't use his winning techniques as I can't bring my bike into the store and there are no outside machines here.
On another note. Have you had your vaccine shot yet? You should put your name in on the area medical lists, as at least your name will be on a list and they will contact you.
But if you won't be taking a vaccine, then don't worry about it.
gltu
Quote: AhighMore details on the alleged fraud related to NTGL operations:
https://www.justice.gov/usao-ndil/press-release/file/1355071/download?fbclid=IwAR2-kd91u5ViTBqAOZ6IbgTVhJh3sO7VMJCnNMujs6Ixy2hne-jQq4-GyRw
Alleged fraud is illusionary in the foley enterprise as the SEC and IRS have all the paperwork and facts of the foley and bennie frauds.
And March 11th is their day of reckoning. Bennie will do whatever he needs, as in turning fed evidence against foley to limit his prison time and shorten his criminal record.
Foley on the other hand, and bennie by extension only have a single thing left they can do, and that's cause delays. But each have something like 10 solid counts against them already done by the grand jury.
Word on the street that numerous minor parties from ntek and ntgl had been subpoenaed and gave evidence. A few more may face future charges. One should always be wary of the company they keep.
https://legaldictionary.net/indictment/
Declarations of David Foley- declaring the 5th on everything wasn't the wisest thing to do.
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---------------------------------------------------------------
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
UNITED STATES OF AMERICA
v.
DAVID FOLEY and BENNIE
BLANKENSHIP
No. 21 CR 19
Judge Steven C. Seeger
SUPPLEMENTAL APPLICATION FOR ORDER TO DISCLOSE TAX
RETURNS AND RETURN INFORMATION AT TRIAL
The United States of America, by JOHN R. LAUSCH, JR., United States
Attorney for the Northern District of Illinois, pursuant to 26 U.S.C. §§ 6103(i)(4)(A)(i)
and (A)(ii), makes this supplemental application to this Court for an order
authorizing the government to disclose tax returns and return information of:
Edward Liceaga;
River North Equity LLC;
Dorado Investments LLC;
Michael Chavez;
Ridge Point Capital, LLC;
Matthew Vrabel;
Media Capital Partners LLC;
Bennie Blankenship;
David Foley;
Lisa Foley;
Royal Capital Group, Inc.;
Galaxy Entertainment Group, Inc.; and
Bruce Schoengood,
which tax returns and return information are described as: tax returns and return
information, with schedules and transcripts, for the tax years 2014-2016.
Case: 1:21-cr-00019 Document #: 28 Filed: 03/17/21 Page 1 of 2 PageID #:110
2
Counsel for the government has consulted with counsel for the defendants, and
counsel for the defendants have stated that they have no objection to the
government’s previously-filed application for disclosure of tax returns and return
information.
WHEREFORE, applicant asks this Court to enter an order on its application
authorizing disclosure by the government of the tax returns and return information
specified herein.
Respectfully submitted,
JOHN R. LAUSCH, JR.
United States Attorney
/s/ Matthew M. Getter
By:
Matthew M. Getter
Assistant United States Attorney
219 S. Dearborn Street, Rm. 500
Chicago, Illinois 60604
(312) 886-7651
D
------------------------------------------------
USA FILES MOTION ON FOLEY PRETRIAL RELEASE VIOLATION
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Quote: EvenBobI recall somebody on this forum worked
high up at NTGL. Their name is on the tip
of my fingers..
That's not a "name" on the tip of your fingers.
Next time use more toilet paper.
Quote: WizardTime for a Nanotech update. Up 49% today! Share price at 0.0149. The "market cap" is at 2.7 million.
No need. Market cap indicator for a empty otcm CE shell is totally meaningless. Not like stock exchange indicators for companies earning revenues and have real products to market.
Since penny scam ceo's issue shares themselves for themselves and insiders and issue billions in amounts once they come on market, they create a false 'value' because of the billions of shares outstanding. MC is not an indicator of the companies intrinsic value, just the price of the stock at the moment. It's based on air.
Like bitcoin.
The only update I could come up with is that david foley and bennie blankenship are very highly likely looking at prison time. A few other minions involved with this corrupt company may also get some vacation time.
And a final note, depending on what broker you use, you may no longer be able to buy ntek or ntgl stock but only to liquidate it. On the market or your brokers will do it for a fee. May 21st SEC ruling in effect for the most part. I believe this Sept it will be finalized completely. Basically, brokers will stop dealing in CE stock.
Quote: sammydvdavid foley and bennie blankenship are very highly likely looking at prison time. A few other minions involved with this corrupt company may also get some vacation time.
Any idea as to the names / roles of the involved "minions" who might be looking at prison time?
Quote: MrVAny idea as to the names / roles of the involved "minions" who might be looking at prison time?
ZCore13
Quote: Wizard -- June 15Time for a Nanotech update. Up 49% today! Share price at 0.0149. The "market cap" is at 2.7 million.
Nanotech up 87.5% today to 0.003.
Quote: WizardNanotech up 87.5% today to 0.003.
Do I understand correctly that there is this much interest in tracking a stock which -- by jumping up 87.5% today -- has recovered to just 1/5 of the value it had just over two weeks ago? Does anyone have interest in investment stability?
Quote: DocDoes anyone have interest in investment stability?
Does this get asked in the Bitcoin thread?
Quote: WizardDoes this get asked in the Bitcoin thread?
Constantly.
Quote: unJonConstantly.
Good, it should be.
Quote: WizardDoes this get asked in the Bitcoin thread?
What an incredibly ironic oxymoron!!!!
Currently, the stock price is at 0.0001, which implies a market cap of $596,623. The good/bad news, depending on how you look at it, was the price was twice as high, at 0.0002 at March 8. What caused it to drop by 50%, I wonder.
If doing your own research, be careful not to confuse them with Industrial Nanotech, which seems to be a separate entity.
Question -- What is the lowest a stock price is allowed to go? In other words, how many decimal places does a stock price go to?
If I wanted to sell you a billion shares of DieterCo ("a legitimate business adventure") for $1.29, I think I could, although there's a strong case that the blank paper would be worth more.
$50, 000 so that is an awful lot of zeroes after the decimal point before you get to a one.
As Dieter said- once it is delisted it can sink to almost nothing.
(.00001 or .000005).
a Billion shares sold or traded for .00001 would gross 10K. This is why when an insider gifts themselves free corp shares in the billions, they still make money on insider transactions down to the 5th decimal.
Market cap is meaningless when there is no company or product to compare value to a verifiable product. The useless indicator is only a momentary snapshot using a artificial stock price of the day and multiplying it by the outstanding stock count which as stated before in otcm scams is created by the scam ceo's themselves by issuing 10's of billions of shares giving their corp an instant false value at any given time. Authorized is different than outstanding. Authorized in the otcm has also become meaningless. Authorized is supposed to mean what the corp holds as total shares to operate with and set their own value to when starting with their TA's and setting how many shares the corp wants to put on the market as outstanding shares available to trade.
This is why MC in meaningless in the otcm scam arena.
Quote: DieterIf I wanted to sell you a billion shares of DieterCo ("a legitimate business adventure") for $1.29, I think I could, although there's a strong case that the blank paper would be worth more.
link to original post
I'll buy them, as long as they are officially listed somewhere.
Quote: sammydvRetail trading normally is allowed to only 4 decimals. (.0001) Brokerage clearing and insider/institutional shareholders apparently can transact to the 5th decimal and more.
(.00001 or .000005).
a Billion shares sold or traded for .00001 would gross 10K. This is why when an insider gifts themselves free corp shares in the billions, they still make money on insider transactions down to the 5th decimal.
Market cap is meaningless when there is no company or product to compare value to a verifiable product. The useless indicator is only a momentary snapshot using a artificial stock price of the day and multiplying it by the outstanding stock count which as stated before in otcm scams is created by the scam ceo's themselves by issuing 10's of billions of shares giving their corp an instant false value at any given time. Authorized is different than outstanding. Authorized in the otcm has also become meaningless. Authorized is supposed to mean what the corp holds as total shares to operate with and set their own value to when starting with their TA's and setting how many shares the corp wants to put on the market as outstanding shares available to trade.
This is why MC in meaningless in the otcm scam arena.
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Good post. However, people are still buying this stock. It looks like somebody bought it at 0.0002 at Feb 25. If the consensus is the stock is worthless, why aren't the holders of the stock selling it while they can get 0.0001 right now?
Quote: WizardQuote: DieterIf I wanted to sell you a billion shares of DieterCo ("a legitimate business adventure") for $1.29, I think I could, although there's a strong case that the blank paper would be worth more.
link to original post
I'll buy them, as long as they are officially listed somewhere.
link to original post
Figure 11 million pounds of certificates, or 275 truckloads of paper.
Just pay a small processing and handling fee, and probably a resort fee if we can figure out which one to tack on.
Bennie plead to the first count, dismissing other counts but the first count has a max of 20 years and 250K fine. court suggested 20-27 months prison. However bennie will not be sentenced til after david foley's trial, which may be this summer. David foley is looking at well more than 2 years this time.
Note to Wizard. Take some time to look at the hearing and you will realize that nothing about foley and ntek/ntgl was legit. NOTHING. So with nothing, a fake company, one does not have products except illegal stock, you can not consider market capital as anything remotely relating to corp value when you have no corp. As I've stated, MC in a sub penny scam is totally meaningless and an invitation to total monetary loss to an individual utilizing such a incorrect and misplaced indicator as market cap of a sub penny scam stock.
And as a side note, ahigh was culpable and completely aware of the scheme as he is most probably one of the 3 schemers listed here. And I would suggest that ahigh not respond to this post as it can and will be used in court at david foley's trial if needed. Lawyers have full time people who all they do is search the internet for data.
B. It was further part of the scheme that defendant DAVID FOLEY
caused, Individual 3 and others to appear :to control and operate NTGL-
including during the period of time after DAVID FOLEYs conviction for a
criminal offense and while he served his sentence at Taft-when in reality
DAVID FOLEY controlled all aspects of NTGL's operations, to the extent it
had any, through Individual 3 and others.
https://www.justice.gov/usao-ndil/press-release/file/1355071/download
UMTED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
UMTED STATES OF AMERICA No.
DAVID FOLEY and
BENNIE BLANKENSHIP
Violations: Title 15, United States
Code, Sections 77 q(a), 77x, 78j@),
78ff, and 17 C.F.R. Section
240.70b-5; and Title 18,
United States Code, Section 1343
v.
The SPECIAL NOVEMBER 2020 GRAND JURY charges:
1. At times material to this Indictment:
a. Defendant DAVID FOLEY, a resident of California, was an
officer and director of Nanotech Entertainment, Inc. ("NTEK'), a Nevada
corporation with its principal place of business in San Jose, California. NTEK
was engaged in the business of, among other things, providing. a subscription
video streaming platform for. viewing movies.
b. NanaTech Gaming, fnc. ("NTGL") was a Nevada corporation
with its principal place of business in Las Vegas, Nevada. NTGL was engaged
in the business of developing game technology. Prior to its incorporation as
NTGL, NTGL had operated as a division of NTEK.
c. Defendant BENNIE BLANKENSHIP, a resident of Ohio,
operated an entity called Big Investment Group LLC, which he used to promote
the stock of NTGL and other stocks.
FILED
1/11/2021
THOMAS G. BRUTON
CLERK, U.S. DISTRICT COURT
MP
1:21-CR-00019
JUDGE SEEGER
MAGISTRATE JUDGE FINNEGAN
Quote: sammydvNote to Wizard. Take some time to look at the hearing and you will realize that nothing about foley and ntek/ntgl was legit. NOTHING. So with nothing, a fake company, one does not have products except illegal stock, you can not consider market capital as anything remotely relating to corp value when you have no corp. As I've stated, MC in a sub penny scam is totally meaningless and an invitation to total monetary loss to an individual utilizing such a incorrect and misplaced indicator as market cap of a sub penny scam stock.
I don't disagree with you and am trying to learn something.
That said, on Feb 22, somebody out there paid 0.0002 for stock in NTEK. If this stock is as worthless as everyone here says, why aren't the holders of millions of shares willing to sell for less? I believe SOOPOO holds this stock. Why didn't he have an outstanding order to sell at 0.0001 at that time?
Quote: WizardQuote: sammydvNote to Wizard. Take some time to look at the hearing and you will realize that nothing about foley and ntek/ntgl was legit. NOTHING. So with nothing, a fake company, one does not have products except illegal stock, you can not consider market capital as anything remotely relating to corp value when you have no corp. As I've stated, MC in a sub penny scam is totally meaningless and an invitation to total monetary loss to an individual utilizing such a incorrect and misplaced indicator as market cap of a sub penny scam stock.
I don't disagree with you and am trying to learn something.
That said, on Feb 22, somebody out there paid 0.0002 for stock in NTEK. If this stock is as worthless as everyone here says, why aren't the holders of millions of shares willing to sell for less? I believe SOOPOO holds this stock. Why didn't he have an outstanding order to sell at 0.0001 at that time?
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One reason could be that the fees to sell it could be higher than the profits.
Quote: WizardI don't disagree with you and am trying to learn something.
That said, on Feb 22, somebody out there paid 0.0002 for stock in NTEK. If this stock is as worthless as everyone here says, why aren't the holders of millions of shares willing to sell for less? I believe SOOPOO holds this stock. Why didn't he have an outstanding order to sell at 0.0001 at that time?
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A reason why folks are not selling, may not be due to them wanting to sell as much as no one wants to purchase.
Penny stocks do not always exist in a liquid market.
If the stock is worthless, few (if any) will buy. You cannot sell if no one wants to buy.
In the example, a buyer existed on 2/22, however if the demand < supply not all sell orders may have been filled.
Quote: sammydvAnd as a side note, ahigh was culpable and completely aware of the scheme as he is most probably one of the 3 schemers listed here. And I would suggest that ahigh not respond to this post as it can and will be used in court at david foley's trial if needed. Lawyers have full time people who all they do is search the internet for data.
Maybe ahigh had an inkling, but reading the indictment I see no reference to an individual whose description he would fit, unless he's a close family member or has owned corporations previously.
My guess: he may have smelled a rat as time went on but went along anyway, dazzled by promises of possible fame and fortune.
My guess: no criminal or civil liability will attach to him.
Quote: IndyJeffreyA reason why folks are not selling, may not be due to them wanting to sell as much as no one wants to purchase.
Penny stocks do not always exist in a liquid market.
If the stock is worthless, few (if any) will buy. You cannot sell if no one wants to buy.
In the example, a buyer existed on 2/22, however if the demand < supply not all sell orders may have been filled.
link to original post
Let me say again I'm trying to learn something here.
That said, I thought that when somebody wants to buy a stock as a market order, a computer somewhere fills it with the seller will to sell at the least price. As mentioned, a trade occurred on 2/22 at 0.0002. If this stock is as worthless as many here say, why are none of the sellers willing to sell for less than that?
If that answer is fees, great. Personally, I can trade for free all I want through Fidelity. I just want an explanation at how the system works.
They say "the market is efficient." If that is not true here, what is causing the inefficiency?
p.s. As to Ahigh, I don't know much about his entanglement with this company. However, he strikes me as a good man who was proud of the work he did for them. I played his pinball game at G2E and it was very impressive. The graphics were as about as good as it gets from this amateurs point of view.
Quote: WizardQuote: sammydvNote to Wizard. Take some time to look at the hearing and you will realize that nothing about foley and ntek/ntgl was legit. NOTHING. So with nothing, a fake company, one does not have products except illegal stock, you can not consider market capital as anything remotely relating to corp value when you have no corp. As I've stated, MC in a sub penny scam is totally meaningless and an invitation to total monetary loss to an individual utilizing such a incorrect and misplaced indicator as market cap of a sub penny scam stock.
I don't disagree with you and am trying to learn something.
That said, on Feb 22, somebody out there paid 0.0002 for stock in NTEK. If this stock is as worthless as everyone here says, why aren't the holders of millions of shares willing to sell for less? I believe SOOPOO holds this stock. Why didn't he have an outstanding order to sell at 0.0001 at that time?
link to original post
I think with one of the reverse splits I may own 170 shares now? It would cost me I think $6 to liquidate the shares by selling them as even TD charges for pink sheet trades. Mike, just because someone paid $.00001 for 1000 shares doesn’t mean there is anyone who would pay $.00001 for your 10,000,000 shares.
I’ll give a similar example. As you know, I own GLXZ, a real company with real products and real earnings. It was a few pennies below $5 and then I saw it was around $5.15! I looked and a SINGLE trade of I think 200 shares moved the price. Who knows who or why that $1000 trade happened, but you could not sell any shares at that $5.15 price. So even though the last trade was technically $5.15 it would be disingenuous to think the market cap was shares outstanding multiplied by $5.15.
It works reasonably for big companies that trade up and down with many shares trading hands continually, not with a thinly traded penny stock.
Quote: Wizard
If that answer is fees, great. Personally, I can trade for free all I want through Fidelity. I just want an explanation at how the system works.
They say "the market is efficient." If that is not true here, what is causing the inefficiency?
My accounts all charge me a fee near $6 for trading penny stocks. If fidelity doesn't, that is good to know.
Quote: WizardSimple question. Let's say I own a million shares of NTEK. I want to get rid of them ASAP. At the current price of 0.0001, they would still be worth $100, so I can take a $6 transaction fee. How would I sell them and what could I expect to happen?
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I don't think I understand. I know you are newer to stock investing and so am I but I would just go into my trading account and put in a sell order for 1 million shares at whatever price you want. If someone comes along and agrees to buy at that price the money will just show up in your trading account. I don't think there is anything else to it.
Quote: DRichMy accounts all charge me a fee near $6 for trading penny stocks. If fidelity doesn't, that is good to know.
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Fidelity might have an exception with penny stocks. I have never traded one before.
Hope this helps.
Quote:My guess: he may have smelled a rat as time went on but went along anyway, dazzled by promises of possible fame and fortune.
You just described criminal culpability. ahigh knew exactly what was going on and accepted stock in a known criminal enterprise called ntgl. They all knew it was a sham.
Makes no sense defending these people. People in ntgl have been deposed long ago. He was a small fry petty miscreant in a bigger scheme.
The ex-president of ntgl is beyond irrelevant at this time. I'm sure long ago DOJ gleaned whatever they deemed important from the ex-prez and he may have retained a minor felony mark on his criminal history.
It's also obvious that the former prez of ntgl wants to forget that part of his career. I don't think he's worth mentioning any more unless his name shows up on the current litigation of 2022.
At least two of the highest criminals of the nanotech crime scam are now facing prison.
Bennie via plea agreement, and foley via jury trial, unless he pleads out as well.
David Foley
https://www.scribd.com/document/570039664/Foley-3-16-2022
Foley also filed another BK without a lawyer, which will be thrown out. The crook has filed so many BK's he believed he knows enough that he didn't need a lawyer. He knew wrong.
Bennie Blankenship - promoter, owned company 'Big'. Now known as 'Gone'.
Bennie updates to follow.
Quote: DRichQuote: WizardSimple question. Let's say I own a million shares of NTEK. I want to get rid of them ASAP. At the current price of 0.0001, they would still be worth $100, so I can take a $6 transaction fee. How would I sell them and what could I expect to happen?
link to original post
I don't think I understand. I know you are newer to stock investing and so am I but I would just go into my trading account and put in a sell order for 1 million shares at whatever price you want. If someone comes along and agrees to buy at that price the money will just show up in your trading account. I don't think there is anything else to it.
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Hi Drich. If you have an actual brokerage account now and have any penny stock in account that is shown as Gray Market, or unsolicited trades, your broker, if it would even do it, would charge you an unfair fee to facilitate the trade. You may be thinking of the major stock exchanges such as NY, Nasdq. The otcm where almost 100% of the penny stocks are 'listed' is not an actual Federally recognized stock exchange. The OTCM is a privately owned enterprise that allows the paid fee listing of penny stocks, meaning the scam companies themselves have to pay OTCM a fee to keep their ticker showing on the list which is utilized by brokers and people where normally you would never see a sub penny ticker, which by definition is a stock selling for under $5.00. This needs to be changed as most penny stocks on the OTCM are SUB penny in value. They trade in thousands of a penny. OTCM is also the only place to see a company that is not in compliance with any financial or government agency requiring transparency for financial records to the public.
On the OTCM, they created the gray and expert tier themselves, none of the OTCM tiers exist on full market exchanges because to be on an actual 'exchange' one needs to be registered with the SEC and other overwatch government agencies. OTC and OTCM evolved to allow access to sub penny and mostly questionable company stock issues. OTCM is the only advertising site that allows non registered and hidden facts corps to trade.
Look at this link, it's safe. The expert market is literally the same as gray market, they are both meaningless in regards to honest corp information.
https://www.otcmarkets.com/stock/NTEK/overview
https://www.otcmarkets.com/stock/NTGL/overview
GL
Mike, it appears you have been willfully ignorant about this topic for years. I recommend you try and buy $100 worth of stock as an experiment and then attempt to sell the same so you can learn something directly instead of all of this endless back and forth where you simply do not understand liquidity. It will be $100 well spent towards your financial education.Quote: WizardQuote: IndyJeffreyA reason why folks are not selling, may not be due to them wanting to sell as much as no one wants to purchase.
Penny stocks do not always exist in a liquid market.
If the stock is worthless, few (if any) will buy. You cannot sell if no one wants to buy.
In the example, a buyer existed on 2/22, however if the demand < supply not all sell orders may have been filled.
link to original post
Let me say again I'm trying to learn something here.
That said, I thought that when somebody wants to buy a stock as a market order, a computer somewhere fills it with the seller will to sell at the least price. As mentioned, a trade occurred on 2/22 at 0.0002. If this stock is as worthless as many here say, why are none of the sellers willing to sell for less than that?
If that answer is fees, great. Personally, I can trade for free all I want through Fidelity. I just want an explanation at how the system works.
They say "the market is efficient." If that is not true here, what is causing the inefficiency?
p.s. As to Ahigh, I don't know much about his entanglement with this company. However, he strikes me as a good man who was proud of the work he did for them. I played his pinball game at G2E and it was very impressive. The graphics were as about as good as it gets from this amateurs point of view.
link to original post
Quote: teliotMike, it appears you have been willfully ignorant about this topic for years. I recommend you try and buy $100 worth of stock as an experiment and then attempt to sell the same so you can learn something directly instead of all of this endless back and forth where you simply do not understand liquidity. It will be $100 well spent towards your financial education.
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The "willfully" is rather harsh. However, I am happy to do as you suggested and look into buying some stock and then trying to resell it. What is the first thing I should do to buy some?
https://www.fidelity.com/viewpoints/active-investor/trading-penny-stocks
I looks like you just click at the bottom on "enable penny stock trading" --
I say "willfully" because Sammydv has patiently explained multiple times over years why your view is wrong, and you have seemed to misunderstand it and repeatedly ask the same question or state the same position over and over. As an outsider watching the conversation, it's been frustrating. I apologize if "willfully" was harsh, but maybe this clarifies.
Quote: teliotI say "willfully" because Sammydv has patiently explained multiple times over years why your view is wrong, and you have seemed to misunderstand it and repeatedly ask the same question or state the same position over and over. As an outsider watching the conversation, it's been frustrating. I apologize if "willfully" was harsh, but maybe this clarifies.
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If I keep asking the same questions, it's because nobody has answered them to my satisfaction. As I've previously stated, on 2/22 somebody paid 0.0002 per share for this stock. If it's worth less, why was nobody who owns it willing to sell it for less? I'm fine with an answer of "transaction fees" or something else I can sink my teeth into.
I have plenty of money in Fidelity and will do whatever they ask to buy this stock and then sell it.
First, I tried a market order and got the following message.
Second, I put in a limit order of 0.00001 and was rebuffed, saying I could only go to four places to the right of the decimal. So, I put in a limit order to buy at 0.0001 and got this message.
So, I'll try again during trading hours on Monday.
Question -- Why is this stock not liquid?
I would assume because there is no market maker at the moment.Quote: Wizard
Question -- Why is this stock not liquid?
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Mike -- Google "market maker" and "market maker for a penny stock" -- t
Thanks for attempting to do this. I am going to guess that you have less than a 1% chance of selling anything you buy. Essentially you would need another Mike out there, either that or a market maker willing to take the risk.
One thing I learned of late is it seems a stock cannot go below 0.0001, without going all the way to zero. This would seem to present a liquidity problem if there is a market to buy and sell under that price. It would seem a reverse split could solve that problem.
Quote: WizardIt's Monday during trading hours so I went back to Fidelity, hoping to buy 10,000 shares for $1. Here is the message I got.
One thing I learned of late is it seems a stock cannot go below 0.0001, without going all the way to zero. This would seem to present a liquidity problem if there is a market to buy and sell under that price. It would seem a reverse split could solve that problem.
link to original post
Fascinating. You should try calling Fidelity and saying you really want to put in a buy order for this stock and ask them how you can do it.
