sucked in by reverse splits of otc/pink stock

V

vetten

hi folks,

I was trading the ultra low otc and pink sheet stock, you know
like 0.02 cents per share for a while and wow did I make some
nice profits in the first month.
Well it didn`t last long aye and the next month the fun began.
The reverse splits were coming left - right - and centre, eg
reverse split 1000:1, so a price at 0.02 cents before the split
should in theory become 20 cents a share.
Well folks before the day was over that 20 cents share dropped
to 10 or even 4 cents a share and I lost 50-80% on my gamble.
That is if I was quick enough to sell the first day, otherwise my
losses would even be higher!

Now I wonder if these reverse splits must be filed somewhere,
BEFORE the company can implement these changes?

Any help would be greatly appreciated.
:)
 
Quote from zdreg:

could you please explain where to find the daily update on otcbb.com?
More...


www.otcbb.com

on the top part of the page the first heading in the row of headers you should see daily list

when you click on that you should see to your right a header named headlines

click on the latest year for example and it takes you to another page where you will see three columns of info

the first two columns will show info of any reverse split that will take place shortly along with name changes etc etc etc, the last columns has any divy info

hope this helped
 
thx very much for your assistance. however , i do not receive the information in the manner you describe.

eg.

DailyListDate|Type|NewSymbol|OldSymbol|NewName|OldName|EffDate|Comments|Notes|CoPhone|Mkt_Cat
01/31/2007 15:29:43|A||ALRP||Alpine Resources Corporation Common Stock|02/01/2007|**|||U
01/31/2007 14:03:26|D||COBNE||Continental Beverage and Nutrition, Inc. Common Stock|02/01/2007|Failure To Comply With NASD 6530; Added to Other OTC (COBN) **|||U
01/31/2007 15:29:43|D||DELML||Delmarva Power & Light Company 4.56% Preferred Stock|02/01/2007|Called for Redemption 1/18/2007 ($105.00/sh) **|||U
01/31/2007 15:29:43|D||DELMM||Delmarva Power & Light Company 4.28% Preferred Stock|02/01/2007|Called for Redemption 1/18/2007 ($104.00/sh) **|||U
01/31/2007 15:29:43|D||DELMN||Delmarva Power & Light Company 4.20% Preferred Stock|02/01/2007|Called for Redemption 1/18/2007 ($103.00/sh) **|||U
01/31/2007 15:29:43|D||DELMO||Delmarva Power & Light Company 4% Preferred Stock|02/01/2007|Called for Redemption 1/18/2007 ($105.00/sh) **|||U
01/31/2007 15:29:43|D||DELPP||Delmarva Power & Light Company 5% Preferred Stock|02/01/2007|Called for Redemption 1/18/2007 ($104.00/sh) **|||U
01/31/2007 13:30:56|D||VCSTW||ViewCast.com Inc Warrants 2/3/2007|02/01/2007|Expiration **|||U
01/31/2007 13:30:56|S1|IVDQE|IVDNQ|Innovative Designs, Inc. Common Stock|Innovative Designs, Inc. Common Stock|02/02/2007|Delinquent **|||U
01/31/2007 13:30:56|S1|LXRAE|LXRA|Lexaria Corp. Common Stock|Lexaria Corp. Common Stock|02/02/2007|Delinquent **|||U
01/31/2007 13:30:56|S1|MFLWE|MFLW|Moneyflow Systems International, Inc. Common Stock|Moneyflow Systems International, Inc. Common Stock|02/02/2007|Delinquent **|||U
01/31/2007 13:30:56|S1|MLPHE|MLPH|Molecular Pharmacology (USA) Limited|Molecular Pharmacology (USA) Limited|02/02/2007|Delinquent **|||U
01/31/2007 13:30:56|S1|UPFSE|UPFS|UniPro Financial Services, Inc. New Common Stock|UniPro Financial Services, Inc. New Common Stock|02/02/2007|Delinquent **|||U
01/31/2007 13:30:56|S2|FNMM|GNWA|Finmetal Mining Ltd. Common Stock|Gondwana Energy Ltd. Common Stock|02/01/2007|**|||U
01/31/2007 13:30:56|S2|NXHZ|YTLI|NexHorizon Communications, Inc. Common Stock|Y-Tel International, Inc. Common Stock|02/01/2007|1-8.5 R/S **|||U
01/31/2007 13:31:00|A||BYWT||Bywater Resources Inc. Common Stock|02/01/2007||||u
01/31/2007 13:31:00|A||CMVT||Comverse Technology, Inc. Common Stock|02/01/2007|From G (CMVT)**|||u
01/31/2007 14:03:22|A||COBN||Continental Beverage and Nutrition, Inc.


thx for any help on this matter.
 
strange as i see exactly what i was mentioning

try this

go to the date Jan 29 with the time 4:01:56

look down the list and you see a couple examples of r/s being mentioned that will take place the next day

sometimes the daily list will even give you more than a days notice


click on the date and time link and it will be much clearer
 
Quote from Imagine:

strange as i see exactly what i was mentioning

try this

go to the date Jan 29 with the time 4:01:56

look down the list and you see a couple examples of r/s being mentioned that will take place the next day

sometimes the daily list will even give you more than a days notice


click on the date and time link and it will be much clearer
More...

Like these:

01/29/2007 13:45:56|S2|DRMN|DRMS|Dreams, Inc. New Common Stock|Dreams, Inc. Common Stock|01/30/2007|1-6 R/S

01/29/2007 15:29:17|S2|VSHD|CDVM|VShield Software Corp Common Stock|Caribbean Developments, Inc. Common Stock|01/30/2007|1-1000 R/S

See the R/S? Reverse Split
 
i see the r/s. is it possible to get the information in the more readable 3 column format?

the text fprmat does not allowing clicking for further info.
 
You must log in or register to reply here.
Back
Top