Welcome to Chedsblog!
-Helping new traders avoid my old mistakes-
OTCBB Pennystock trading article topics include:
Reading financials and filings
Market makers
L2 and chart analysis
Understanding the competition
Using social media to trade
Price and volume study
Bankroll management
Game theory
Sub .01 low float setups
Interviews with influence makers
Here is some basic info on 10Q 10K and 8K
10Q
10K
Form 10-Q, (also known as a 10-Q or 10Q) is a quarterly report mandated by the United States federal Securities and Exchange Commission, to be filed by publicly traded corporations.
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, the 10-Q is an SEC filing that must be filed quarterly with the US Securities and Exchange Commission. It contains similar information to the annual form 10-K, however the information is generally less detailed, and the financial statements are generally unaudited. Information for the final quarter of a firm's fiscal year is included in the 10-K, so only three 10-Q filings are made each year.
These reports generally compare last quarter to the current quarter and last year's quarter to this year's quarter. The SEC put this form in place to facilitate better informed investors. The form 10-Q must be filed within 40 days for large accelerated filers and accelerated filers or 45 days after the end of the fiscal quarter for all other registrants (formerly 45 days).
10K
A 10-K is a comprehensive summary report of a company's performance that must be submitted annually to the Securities and Exchange Commission. Typically, the 10-K contains much more detail than the annual report. It includes information such as company history, organizational structure, equity, holdings, earnings per share, subsidiaries, etc.
What happens when financials are late the the company files an NT-10Q or NT-10K?
http://www.investopedia.com/terms/s/sec-form-nt-10-q.asp
DEFINITION of 'SEC Form NT 10-Q'
An SEC form required for companies that will not be able to submit their 10-Q filing (for quarterly financial results) by the SEC deadline or in a timely manner. SEC Form NT 10-Q requires the registrant's information and the reason why the 10-Q is delayed. It also provides for application for relief from the deadline.
Whats a 13G?
DEFINITION of 'Schedule 13G'
An SEC form similar to the Schedule 13D used to report a party's ownership of stock that is over 5% of the company. Schedule 13G is shorter and requires less information from the filing party. Ownership of over 5% in a publicly-traded stock is considered to be significant ownership, and therefore must be reported to the public.
BREAKING DOWN 'Schedule 13G'
To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company. It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control. If these criteria are not met, and if the size in the stake exceeds 20%, a 13D must be filed.
Cheds Breakdown:
This is most important when a dilutor is done, this signals to the market its a great spot to jump in. For example, today for $LATX a 13g came out, and when people read it a lot of buying came in.
13G is also a classic sell signal, like in the next image when a dilutor "re-ups" on shares. They are only able to have a max of 9.99% of the OS, so they dilute dilute dilute, then re-up and get more shares to sell into the float.
What is a 14C?
13G is also a classic sell signal, like in the next image when a dilutor "re-ups" on shares. They are only able to have a max of 9.99% of the OS, so they dilute dilute dilute, then re-up and get more shares to sell into the float.
What is a 14C?
DEFINITION of 'Schedule 14C'
This schedule sets forth the disclosure requirements for information statements. Generally, a company with securities registered under Section 12 of the 1934 Act must send an information statement to every holder of the registered security who is entitled to vote on any matter for which the company is not soliciting proxies. If the company does solicit proxies, Schedule 14A may be required.
BREAKING DOWN 'Schedule 14C'
A proxy statement is intended to provide security holders with the information necessary to enable them to vote in an informed manner on matters pertaining to the company in question. These votes occur at either the traditional annual shareholders meeting or at a specially-called shareholders meeting.
Cheds Breakdown:
This is almost always BAD news. An AS increase, or an RS. Time to sell and move on.
8k - Material event
What is an '8-K'
An 8-K is a report of unscheduled material events or corporate changes at a company that could be of importance to the shareholders or the Securities and Exchange Commission (SEC). Also known as a Form 8-K, the report notifies the public of events reported including acquisition, bankruptcy, resignation of directors or a change in the fiscal year.
BREAKING DOWN '8-K'
As opposed to the annual reporting of Form 10-K and the quarterly reporting of Form 10-Q, public companies utilize Form 8-K as needed. An 8-K is required to announce major events relevant to shareholders.Cheds Breakdown:
8k can be a very powerful catalyst, or can be a big sell signal depending on what it says. This is the legit version of a PR, because an 8k has to be truthful and a CEO can not lie. If there is a reverse merger, you will see in the 8k, if there is a new toxic note taken out, you will see it in an 8k, and if there is a new CFO or CEO, you will see it in an 8k, etc.
Welcome to Chedsblog!
-Helping new traders avoid my old mistakes-
OTCBB Pennystock trading article topics include:
Reading financials and filings
Market makers
L2 and chart analysis
Understanding the competition
Using social media to trade
Price and volume study
Bankroll management
Game theory
Sub .01 low float setups
Interviews with influence makers
Awesome.
ReplyDeleteStill not sure about 13 G, it could be a good or bad news?. Can you clarify with other examples, or reference where you can understand the pros and cons of this form?. Thank you. Article as a whole is very helpful.
ReplyDelete