Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Avitar AVR:AMEX -- Ignore unavailable to you. Want to Upgrade?

To: country bob who wrote (51)	8/30/2005 12:11:54 AM
From: SI Bob	Respond to of 58

Didn't mind picking some up at 3, but I was looking at the portfolio tonight and it's tempting to sell it and just enough of my original position to just reduce the size of the 6-cent position I've got. Tough decision. The closing bid represents about a 17% gain over what I paid for this batch. Could be a good trading vehicle now that it can be quoted in fractions of a cent. On the flip side, this batch was large enough to bring my average down to 4.2 cents, or just 2/10ths over what the ask was most of the day. Whether their product is good or not, I don't feel warm and fuzzy about the company at all. Especially with PR's that're too much ado about too little. So they're just a ticker to me right now. Might get lucky and it'll be a tout-sheet pick that skyrockets, though. Had that happen many years ago. When I actually traded OTCBB stuff. Ticker was CSIX. When the company folded (but the stock was still tradable and barely trading), I ordered the cert (surprised I got it) and had it framed and hung it on my wall as a reminder to be more careful in the future. Despite the company being nonexistent, some tout sheet started a rumor of a reverse merger and the stock took off. Fortunately I'm good enough friends with my broker that I was able to sell it at about triple my basis "short for late delivery" and took the cert out to him the next day. Edit: Got to thinking about it, and I'm not sure I got that terminology right. Maybe it was "Long; late delivery". Bottom line is I'd bought the stock through that brokerage and they knew I had been delivered the cert and made the sale with the admonishment that I was toast if I didn't really have the cert and have it in their hands ASAP.

To: country bob who wrote (51)	9/28/2005 9:52:40 AM
From: SI Bob	Read Replies (1) \| Respond to of 58

So, they put up the whole company as collateral for a $3MM loan when the market cap is $4MM. And it's a floorless convertible. And only $1MM in funds have been dispersed so far. One of the lenders' names looked familiar and it's not exactly confidence-inspiring that one of them has "Offshore" in their name. Are any of these known for shorting the snot out of a stock once they've made a loan so they can convert at pennies on the dollar? I don't know about you, but I'm seeing the Exit sign flashing in bright red. I haven't yet. Scottrader is showing Bid and Ask both at zero, so I have no idea what's currently going on with trading. Except that as of now, 118k shares have traded hands with a last price of 2.2 cents. Edit: Decided to go ahead and put in a limit sell at 2 cents, but Scottrader won't allow it. Gives a message that says "Unable to enter the order because the limit price entered is too far away from the market price for stocks under $10." Yeah, it's a pretty big multiple of zero cents.