Moments after announcement of the R/S, many folks posted herein that the R/S took ZLCS out of being classified as a penny stock, therefore, with the lynchpin released, the door was swung open enabling institutions to commence buying. The premise for that position was based on the opinion that institutions are proscribed from buying stocks under five bucks.
Well, to date since the R/S, there is zero evidence indicating any uptick in institutional buying.
Moreover, as evidence by the stock price since the R/S, not only has ZLCS returned to its former position of being classified a penny stock, but also it will likely fall under five bucks tomorrow.
I keep checking to see if I made a mistake bailing last Monday, September 30th, and if I did, to possibly jump back in. As the evidence reveals, even if ZLCS was able to consume a bottle of viagara, ZLCS ain't gonna rise.
Hey, this is just an opinion, so, all you folks holding, please don't get mad at the messenger. Take your frustration out with management. They caused the problem, not me.
The Message Boards are for ideas and comments about stocks, not a place to voice frustration over an opinion submitted for consideration.
A few weeks ago I lost a couple k in profits over at OUTR because of the shenanigans of management. Management, like Goldman Sachs, is 100% crooked - out to screw those who put money into a stock.
From the 10-Q:
"At our 2013 annual meeting of stockholders held on June 6, 2013, our shareholders approved a proposal to authorize an amendment to our sixth amended and restated certificate of incorporation to effect a reverse stock split of our issued and outstanding shares of common stock that may be implemented by our Board of Directors at our discretion at any time prior to the 2014 annual meeting of stockholders, pursuant to which any whole number of outstanding shares between and including 5 and 10 would be combined and reclassified into one share of our common stock. The Board of Directors can approve and implement a reverse stock split that could allow the closing bid price of our common stock on NASDAQ to be at least $1.00 per share for at least ten consecutive business days prior to October 21, 2013, which would allow us to maintain the listing of our common stock on the NASDAQ Capital Market."
I should actually thank you genetz as this answered one of my previous questions I had about being in compliance for 10 days prior to October 21.....they could not have waited until October 20th to implement the the R/S.
i sold at 630 or 680 i forgot either way i made a profit. i felt like it was going to drop, i knew the hardcore zalicans flip out at that but inside i think they know as well. if the news is positive well GL but if its negative...bye bye to zlcs. i couldnt afford the risk. ttnp, on the other hand, i can.
Where do you get your evidence that there was no institutional buying,your crystal ball. A stock does not have to go up if it is being accumulated. Why show your hand if you can get more shares for a lower price. Reports are made 45 days after the calender quarter for institutions that have over 100 million in trading assets. Those under do not have to report. By time they report the results will be in and ZLCS will be at a much higher price.
Paul, albeit I don't know the Nasdaq regulations about when, or how compliance is effected, however, what I do know is that management screwed us by not providing advance notice of the degree of the split which occurred at a Board meeting on 9/18.
Since no one ever gets hurt taking profits, I usually take mine and run because I don't have the wisdom to know when the top or bottom will occur. Albeit there has been a handful of times in the past 13 years that I bailed to early, however, even considering those moves, I am on the plus side.
I can always get back in a stock where I have bailed if I see I left too early. IMO, the potential for huge gains in ZLCS was lost because of the R/S. Z160 is only in Phase II, so, even if it is successful, it is not going to surge to the degree before the R/S.