I subscribed to @TimothySykes #pennystock #trading service back in 2012, I was a member for 2 years. The trading methods which I learned through this service have helped me along my path of becoming a consistently profitable trader. I do recommend his educational products and services.
You will learn how to identify companies which are hyping their stock, which causes the share price to become artificially inflated. Thus you will find companies such as $VIBI where you look to sell short around the highs of $2.00 and then look to buy-to-cover your shares back around $1.00 into the massive sell-off. You will need the right stock broker in order to participate in these types of stock plays and you will learn which broker to use from Timothy Sykes service. VIBi is a stock which I recently had a nice 50% profit on my trade by doing exactly what Tim teaches with his trading method.
If you are interested in learning from him as well, follow this link to see all the products available along with the 30-60% savings, https://profit.ly/sales/turkey?aff=2295
On March 28 2016 I sent a message to a few of my close traders that “IB has $MAVT borrows today. They first had 5.4k, now have 1.4k remaining. It’s been very HTB. Apparently could be similar to the $RAYS p&d.”
I did short some shares when Interactive Brokers had a borrow, but within a few days I got bought-in since my broker lost the borrow.
On or around April 11 2016, MAVT did a 4:1 reverse split and the trading symbol changed to MAVTD. The share price then rose from $1.20 until finally topping out at $1.80 within 5 days after the split.
As you see in the MAVTD chart, the stock hit highs of $1.80 and then had a nasty dump. This is a classic pump n’ dump.
As per @AimHighProfits twitter post below, apparently Thomas Puzzo was involved with $MAVT and he was also involved with $RAYS. It’s an excellent idea to Google Search the names of the people that are involved with bringing the company to market, for example the lawyer, accountant, etc. You will often find important clues that will help you form an opinion from the information that you discover during your research.
Sourced & credit goes to: http://wallstreetpr.com/solar-power-inc-otcmktssopw-to-offload-shares-under-the-lock-up-provision-33234
Posted on Oct 8 2014 – 9:46am by Benjamin Roussey « PREVIOUS | NEXT » Categorized as Business 85 Tagged as OTCMKTS:SOPWSolar Power Inc. (OTCMKTS:SOPW)
Related Earthlink Holdings Corp EarthLink Holdings Corp. (NASDAQ:ELNK) New PCI Compliance Solutions To Boost Retailer’s Security Ladenburg Thalmann Financial Services Planet Payment Inc (NASDAQ:PLPM) And PAI Changing Currency Exchange Experience For International Travelers Alcatel Lucent SA Alcatel Lucent SA (ADR) (NYSE:ALU)’s Nuage Network To Be Deployed By OVH Across Europe And Canada Yum! Brands Yum! Brands, Inc. (NYSE:YUM) Suffering from Food Safety Concerns and not Forex Exchange: Junheng LI facebook Facebook Inc (NASDAQ:FB)’s New Revenue Generating Scheme To Benefit Local Businesses Boston, MA 10/08/2014 (wallstreetpr) – Solar Power Inc. (OTCMKTS:SOPW) has sealed a definitive purchase agreement for its common stock, valued at $43.8 million in a private placement. Cash from the transaction is to be used for bolstering the company’s YES Solar solution investment plan with the remainder being used as working capital.
Solar Power Inc. (OTCMKTS:SOPW) plans to use part of the amount to cater for a strategic investment in Guocang Group Limited. Business Wire reports that the lead investor in a private placement is a subsidiary of Evergrande Real Estate Grouo, considered as one of the biggest real estate developers in China.
Solar Power Inc. (OTCMKTS:SOPW) will be looking to offload up to 31,739,500 shares at a share price of $1.38. U.S investors are barred from the transaction under the U.S Securities act as amended. The purchase agreement is made of representations, warranties and covenants of SPI Solar and subject to the satisfaction of customary closing condition.
Shares being sold Under Lock-Up Provision
Solar Power expects financing from the private partners to be sufficient in strategically positioning it in the fast growing solar market especially in China. The solar giant has already signed a non-binding MOU with Evergrande as the pair look to subscribe shares in Guocang Group limited. Shares being offloaded are to be sold under the lock-up provision. Once the transaction is finalized, investors will be barred from selling any of their acquired stakes until the expiry of a three months period.
The transaction is expected to close before October 16, 2014 subject to the satisfaction of waiver and closing conditions. Placement of the shares for sale comes weeks after the company entered into an agreement for the construction a 19 megawatt solar project in Shandong Province. The company is also in the process of buying a special purpose vehicle that owns rights to the project