BIMI International Medical Inc (BIMI)

[TheGreenReaper]

Definitely a bummer. Thought we would have been over 1.50

[Tom turtles]

"Could've".........I had a all around bad Friday. Have a great weekend. Catch ya Monday

[Tom turtles]

The only broker that trades at 3:00am Central is WeBull....My Fidelity doesn't start till 6.....Couldn't flipped for a $20k gain.....instead .....down 3 grand.....Always next week.

[TheGreenReaper]

The buying didn't catch on. The premarket action should have been at open. Would have did better IMO.

[INEEDMONEY]

Can we see 1.40$ again

[Tom turtles]

Could someone explain that article in laymens' terms ? I'm not that smart !

[adamski]

BIMI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”), a healthcare products and services provider, today announced that it has entered into a Securities Purchase Agreement (the “SPA”) with two institutional investors (the “Holders”) to sell certain senior secured convertible notes of the Company in a private placement in the aggregate principal amount of $7,800,000 in the aggregate original principal amount of $6,500,000, representing an aggregate original issue discount of 20% (the “Convertible Notes”). The Convertible Notes do not bear interest except upon the occurrence of certain events of default.
Pursuant to the SPA, the Convertible Notes will be issued to the Holders, together with 4-year warrants to acquire 1,800,000 shares of the Company’s common stock (the “Warrants”), subject to certain adjustments. The Warrants are exercisable at any time or times after the Stockholder Approval Date (as defined below) in whole or in part, at the option of the holders thereof, for shares of the common stock for an exercise price of $0.71. Under the SPA, the Company agreed to hold a stockholder meeting, by no later than February 15, 2022 (the “Stockholder Approval Date”) to approve resolutions authorizing the issuance of shares of common stock under the Convertible Notes and the Warrants for the purposes of compliance with the stockholder approval rules of the Nasdaq Stock Market. If such approval is not received by the Stockholder Approval Date, the Company is obligated to continue to secure such stockholder approval by May 15, 2022 and every six months thereafter until such approval is obtained.

Each Convertible Note has a face amount of $3,900,000 for which each Holder will pay $3,250,000 in cash. Additional Convertible Notes in an aggregate original principal amount not to exceed $3,900,000 may also be issued to the Holders under the SPA at a later date under certain circumstances. The Convertible Notes mature on the 18-month anniversary of the issuance date, are payable by the Company in installments. The Convertible Notes are convertible at any time after the Stockholder Approval Date in whole or in part, at the option of the Holders into shares of the Company’s common stock at a rate equal to the amount of principal, interest (if any) and unpaid late charges (if any), divided by a conversion price of $0.65. The floor price per share at which a Convertible Note may be converted is $0.1557.

The Company intends to use the net proceeds from this offering for general corporate and working capital purposes.

The offering is expected to close on or about November 25, 2021, subject to the satisfaction of customary closing conditions.

FT Global Capital Inc. acted as the exclusive placement agent in connection with the private offering.

The securities to be sold in the private offering have not been registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements. The Company has agreed to file one or more registration statements with the SEC registering the resale of the shares of common stock issuable upon exercise and/or conversions of the securities in the private offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

[adamski]

Wow indeed…crazy volume pre-market…can’t wait for the opening bell

[Tom turtles]

Well that was crazy....non stop buying from the open at 3:00 am here..Central time. At least a million shares , mostly between $1.25 - $1.44. Not sure if it had anything to do with that $7.8M private placement from yesterday. Institutional investors were to buy 1.8 million shares of common stock....so this may have been it.....I expect some kind of 8-K filing to come out later today.

[Tom turtles]

$1.40. Pre market ! Too bad I can't sell till 6:00am Central.....maybe a good thing. I wanna see $2 !

[Tom turtles]

Insiders have to much to lose...

[TheGreenReaper]

Time is an enemy now.... if we wait for time this will take months. We need it to happen soon or eyes will leave if nothing happens.... Watch and see if nothing happens in a week this will fall back from where it came from or consolidate from months.... Let's seenwhat happens.

[Tom turtles]

Patience Grasshopper ! It will get there !

[TheGreenReaper]

BIMI$$$$$$
THIS ONE WANTS TO BREAKOUT....

[adamski]

EOD push coming?

[Tom turtles]

Trying to set up a trailing stop limit in case this does break out. Gotta go to work. Hope I'm doing it right. Setting up a sell order .03 spread....ugggg.i hate work

[europtiger]

BIMI get ready for the squeeze

[INEEDMONEY]

Good news .

[adamski]

Looking good this morning…i’m in at 1

[TheGreenReaper]

Agree

[Tom turtles]

Should see $2 again soon

[TheGreenReaper]

BIMI$$$$
MIGHT BLOW UP TOMORROW

[JJ8]

Tom turtles,

It's a gorgeous day over here. Ideal surfing day with well defined smooth waves in a 62 degree sunny shining day.

what we need here is more Demand volume in the overall volume in order to change the Dailies downturn at this time when the Weeklies are still in upturn. That could change even in small volume trading.

The internal dynamics of the Price/Volume dynamics is what matters to help do that.

The technical picture is positive.

Price fluctuations are normal in trading volume dictated on whatever group is dominating the action at that moment.

We shall see,

Cheers & GLTY

[Surfacetite]

um how is this up.

don’t get it, but please break 1.13.

[adamski]

Gap is almost closed...nice setup

[Tom turtles]

Trading pretty good today... considering the massive run-up from .60s.

[JJ8]

P&F PATTERN Long Tail Down, today, on 17-Nov-2021

[europtiger]

Let’s go BIMI

[Tom turtles]

As long as Clay Trader stays away... we'll be fine.

[Tom turtles]

Such a tiny O/S... Float 30M shares on a dollar stock. Just beat earnings , insiders own 7 million shares....what more do you want ? Should've at least hit $1.50 today. Pre-Market I was watching it... it hit $1.32. I think we got a winner here.

[JJ8]

This stock board has no moderators, as well. Too bad!

No passionate participation, alas.

[JJ8]

halbroke1,

I hope what you expected for the last week in Oct will happen this week in Nov 15th! Only about 4 weeks later.

It's never too late, buddy.

GLTY

[JJ8]

It seems this company is not even well known on iHub. I haven't seen it among the HOT list.

I stumbled on it when accidentally wondering on the discrepancy between the closing price through my account and the hot action in hot AH trading.

I hope increased investor interest and participation may appear expanding the Demand Volume. Hopefully that may cause the sp to reach about level $2 and go even higher this week. The T/A looks quite promising. No guarantees in this business though. However,

We shall see.

GLTA

[JJ8]

Tom turtles,

There are plenty Technical good news:

* The On-Balance Volume is soaring. That means Demand is more than the supply.

* The P&F PATTERN Bearish Signal Reversed on 16-Nov-2021

* While the Dailies are still in downturn, the Weeklies have been in uptrend for the last 6 weeks since Oct 25, 2021

* My MACD(5,34,7) shows momentum forward is on the increase.

As of today, this looks goooood!

Cheers and GLTY & GLTA

[Surfacetite]

pamp it!

[PennyPusher786]

Lol this is nonsense.... I say we take all our money out the casino and let the house crash playing pinball with their own nuts... I can't wait to see Hedge funds shutting down from over - leveraging this year. But clearly they make a few calculated flips in the market to offset costs of Interest payments and maintain their Short positions

[TheGreenReaper]

60 min chart looks ready....

[Tom turtles]

I guess 130M in volume isn't enough....wtf ??????

[Tom turtles]

The after hours crew might blow this past $2 ! Hold tight.... .95 are cheapies

[Tom turtles]

Hoping for a big halt at $1.40...Volume was enuf to take this to $2.80 again...unless the circus crew all decided to short at once

[Surfacetite]

no halts today.

[JJ8]

The volume still rising. GLTA

[JJ8]

Day orders to buy at $1.0, $0.965, and $0.935 all filled

[Jake L]

BIMI - Stock Surges On Q3 Sales

[Tom turtles]

Insiders own 27% of the company...don't think they want this
to fail

[JJ8]

Or... it may be just a setup, lol.

Cheers & GLTA

[JJ8]

Day order to buy @$1.00

PS: I believe in energy saving...

[JJ8]

Has been a max $25 stock sometime in 2019 and more recently about one tenth of that. Volume is impressive.

[Tom turtles]

Very strange trading stock. Gotta love that float though...Massive buying pressure....I think 4th time today is the charm.....busted a dollar 4x's already

[europtiger]

Good on you! Honestley,i bought in on volume breakout and OS

Did some More DD now and feel like positiv on a move north