Makes it easy and cheap for shorts and MM's to manipulate the price. There are a significant number of 'trades' today of less than 100 shares? No individual investor is stupid enough to buy 2 shares of a 75 cent stock! Once the news begins to flow, there should be significant price movement in PGN. As a long, I expect the news to be good! But, as I posted a week or so ago, I also expect volatility as the shorts and MM's attempt to control the price movement! Good investin, Longs!
I am not only holding but also making opportunistic adds! Put a bid in just above the current bid when the spread is wide. You get filled if the MM wants to make a trade at the lower bid? If you don't get filled and a lower trade occurs, call your broker and insist on an inquiry!
Note the wider than usual spread, plus the last two trades at $0.72 were for 19 shares and then 2 shares! Obviously not investors selling out!
Convince me that someone other than a MM actually bought (or sold) 5 shares of a penny stock! Learn to ignore the BS trades.
Many, many attorneys will make a lot of money....and, looking at the Court sign-in sheet, you don't even have to be able to write in order to be a lawyer. lol
There are very few companies that would not be 'out of cash' in three years if one assumes that there would be no more business for that period. Sounds like the attorney is grasping for straws........! Using her logic, all companies should be liquidated!
I think folks are waiting for some feedback from the first day in court!
Longs have pretty much established their positions, thus the lack of buying. Shorts can't find shares to cover without driving the price up. There in lies the lack of trading. Even once the news is out, expect the unexpected in the initial price movement. There will be some major tree shaking by MMs until the market adjusts to reality. If the plan is approved hold your shares until the market gets past the initial reaction.
There will be hype, bashing, shorting, and setting false expectations. All will lead to volatility and all designed to grab shares from weak hands. No one can guarantee the future of a stock, but, PGN has much better odds of going higher in the next 60 days than heading lower!
You are an idiot! Your BS number is bogus. Like a drug company, the first pill of a new drug costs several million dollars. Not relevant if the drug is successful!
They are a national distributer through the Love franchise. The East Coast is a huge marine market and is waiting for this alternative to ethanol blends! As is the Gulf coast and the West coast. Oh, and don't forget every boater on the interior lakes and Canada! GEVO has a future...and it will be huge!
Good, unless they are required to move the cash to a 'Bonded' account after the hearing now scheduled for July 7! Currently the cash is invested and yielding a return.
I'd say a $400,000 bonding charge savings is news! That is what it would cost PGN to Bond the money for even a few days.