$387,000 Profit from MUTA

hollywoodgarbage

hollywoodgarbage

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Joined
1 July 2008
Messages
148
Location
HOUSTON/ SoCal
for those of you knowledgeable stock people
I bought 666,666 shares of GBLK for 0.003, then MUTA (mutual loan corp) bought the company. I now have 487 shares of MUTA because of a R/S. On google finance its listed at $800 per share which would mean i made $387,000, BUT in my brokerage account its at 0.40 which means I lost $1800 dollars.
MUTA sounds like a good company that should make some $$$
MutuaLoan is the first finance company dedicated to providing investors with the ability to meet significant cash needs in complete privacy without redeeming investments, and to self-direct the loan structure through a unique Patent Pending consumer interface; i.e., the customer selects the collateral mix, resulting collateral ratio, and interest rate.

http://investorshub.advfn.com/boARDS/board.aspx?board_id=11409

My question is
1) why is there this difference between google and my brokerage acct
2) are R/S splits good
3) should I hold on to my shares of MUTA

THANKS
 
In thinly traded stock issues, the bid and ask quoted prices are always skewed at the open and close of regular trading. There is always a ridiculous bid and ask price on the ECN's. During the trading session, the spread is gonna be huge.

Since your boy MUTA only trades about 100 shares per day....you're gonna be hard pressed to sell all your shares in a single trading day. Good luck.
 
hollywoodgarbage said:
for those of you knowledgeable stock people
I bought 666,666 shares of GBLK for 0.003, then MUTA (mutual loan corp) bought the company. I now have 487 shares of MUTA because of a R/S. On google finance its listed at $800 per share which would mean i made $387,000, BUT in my brokerage account its at 0.40 which means I lost $1800 dollars.
MUTA sounds like a good company that should make some $$$
MutuaLoan is the first finance company dedicated to providing investors with the ability to meet significant cash needs in complete privacy without redeeming investments, and to self-direct the loan structure through a unique Patent Pending consumer interface; i.e., the customer selects the collateral mix, resulting collateral ratio, and interest rate.

http://investorshub.advfn.com/boARDS/board.aspx?board_id=11409

My question is
1) why is there this difference between google and my brokerage acct
2) are R/S splits good
3) should I hold on to my shares of MUTA

THANKS
Click to expand...

And to answer your direct question:
1. Your brokerage account is correct.
2. R/S are NOT good. They reduce your leverage and perpetuate negative sentiment.
3. You should liquidate as quickly as you can. MUTA trades on the pink sheets and I wouldn't trust anything on the OTC market in these times.
4. You should give a gratuitous backhand to whichever of your drunk friends who told you to purchase stock that trades on the pink.
 
hollywoodgarbage said:
for those of you knowledgeable stock people
I bought 666,666 shares of GBLK for 0.003, then MUTA (mutual loan corp) bought the company. I now have 487 shares of MUTA because of a R/S. On google finance its listed at $800 per share which would mean i made $387,000, BUT in my brokerage account its at 0.40 which means I lost $1800 dollars.
MUTA sounds like a good company that should make some $$$
MutuaLoan is the first finance company dedicated to providing investors with the ability to meet significant cash needs in complete privacy without redeeming investments, and to self-direct the loan structure through a unique Patent Pending consumer interface; i.e., the customer selects the collateral mix, resulting collateral ratio, and interest rate.

http://investorshub.advfn.com/boARDS/board.aspx?board_id=11409

My question is
1) why is there this difference between google and my brokerage acct
2) are R/S splits good
3) should I hold on to my shares of MUTA

THANKS
Click to expand...

You are confused/mislead. First, it's not worth anything near 800$. You will be lucky to get more than a couple dimes out of it. Especially if you dump it all at once.

Second, for the one share or whatever the case was that traded 800$, that trade was most likely broken anyways. I try to do stuff like that at work regularly, 99% of the time with a situation like that it's broken although I don't trade pink sheets.

You completely gambled the 2 grand. You'll be lucky to get any significant portion of it back, especially without a level 2 window to see what's actually going on. I'll try to remember to check it tomorrow if I will be able to pull it up and let you know if there are any bids/offers worth nothing.

I still have no idea what drives a person to gamble 2 grand in a pink sheet stock like that. Why not just buy 2 grand worth of AAPL?
 
The reason I bought 2 grand worth of this pink sheet stock is because the person who gave me this information has helped me profit over $22,000 last year. No one can predict the future so who knows it could still work out.
But yes if you can check it out for me, I would appreciate it
 
hollywoodgarbage said:
The reason I bought 2 grand worth of this pink sheet stock is because the person who gave me this information has helped me profit over $22,000 last year. No one can predict the future so who knows it could still work out.
But yes if you can check it out for me, I would appreciate it
Click to expand...

well you can now say he helped you earn 20 grand instead of 22.
 
I tried to look it up for you but it's not on our system.

This is not advice but just what I would do. I'd put limit orders out for 1 share on dime intervals, starting from .20 or .40 or whever it's at, and see how high up you get hit over say a few day period. At that point you'll get an idea if you are actually trying to sell it or wasting time.
 
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