Hi Steve,
Interesting thought. That kind of buyback would almost certainly have to be disclosed, I believe.
Our traders today were seeing levels around 1/8 to 3/8. It appears as though you can still buy at 3/8 all day. Saw trades st .18 and .22 today. Only about 50,000 or so traded today. With the volume drying up in this issue, the people still quoting a market aren't making enough to justify their risk. This could explain why the liquidity seems to be leaving, ie MM's. I tried to buy 5000 @ .20 today, but did not get filled.
Our trader was at a loss to explain why only sell orders would be accepted, as posted earlier on these threads. May not mean anything.
But the bid has not dropped unless large blocks are traded. Somebody still is buying, but when the dollar volume is 7 or 8000 per day, it may not pay to trade it if you're only getting a piece of that pie.
Telephonics has described a system which works (at least some of the time) at the Library of Congress. A Mr. Hiller, who many of you who have seen in the video, appears to be one of SEXI's staunchest supporters at the moment. He seems, with only a brief period of apprehension, to have been a SEXI advocate early on. Let's try to find out if any stock has found its way there.
The system at LOC does have SEXI name plastered over SONY's on at least one component. Not sure that's kosher, but there nonetheless. If their system can interface with the other systems integrated into a much larger government effort to deliver information on a real time basis to schools, constituents, etc this could get interesting.
However, anything that large would almost certainly go to bid. The bidding process could work either way for SEXI. They could be aced out on price, or spec(ed) in on requirements. Difficult to tell if SEXI may have some inside track. Freedom of Information Act capabilities will allow many to scrutinize the final results of any deal, including the apparent sale to the White House.
The White House deal, (if it is for real...apparently is), could be worth a lot in the open market, if the White House allows the news to be disseminated. Trying to get another independent confirmation. Will let you know.
Good News! The SEC just responded to my letter dated October 24.
Please do not construe any of my comments as an endorsement for purchase of this stock. Again we know absolutely nothing in terms of financials, and in that regard I will reiterate that buying the stock here could be financial suicide. A lot of stock is still out there and the result of a sale or two could have virtually no impact on the value of the stock when viewed on a fundamental basis. I tried to buy today only as an experiment, but wouldn't risk a market order. My real bid on this stock, viewed only as a football type bet is still $.05. If this company really is for real, we'll have plenty of time to come back in, and make money. It is still, at this point, a crapshoot at best. Trying to get greedy here is...well, you know what they say about the hogs.
JILTED but still watching
C |
