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I first bought this in December 2019..lol. Covid hit..and sold pieces all they way though the Spring of 2021. It actually hit like .60 cents in Feb 2021...lol. My first entry was @ .005, and my cost average now is close to .0065..thinking?.
I'm in a sweet spot...and need to be more mindful of that and others that may not be. But, you are right...it could happen again...that was one hell of a new mob coming into play then..eh? I should be more optimistic of that.
Well. With inflation and various other changes, I don't see a lot of people with extra cash creating accounts. I don't think much has changed. These can still move, I just think the level of traders has simply dropped dramatically. There will always be the next penny pumper.
I think the head scratcher is the OTC in general. It's going through a transition. A lot of the penny pitch hustlers got busted as well. Some used to post on this web site heavily. Etc...etc...etc...
All of this adds up and compounds.
“So what do you think? There is a good chance that it whips up beforehand...I just tend to not be so over optimistic at that.”
I’ve learned throughout the years of following you that you’ve been pretty good at never pumping nor being overly optimistic. Though I think it’s hard not to be optimistic when we see things here unraveling before our own eyes. It’s almost too good to be true even more surprising is this trading at a penny lol. It’s a head scratcher.
Honestly I’m hoping for two months here. I bonus early April which is substantial which will allow me to throw a good chunk of sheckles here.
You wouldn't make any money and neither would the primary shareholders and investors. If they paid $18,000,000 for the commons and preferred..after excluding the warrants and options(investors)....you would make one penny per share. For anyone to make any money/break even....they would have to purchase the Company for over $50,000,000 minimal.
I understand you want to cut and run with profit...like others...but it aint' gonna happen unless some hustler starts pitching this to the goon mob....before the Company starts their pitch. I say fuck them here...you want them with junk...but this isn't junk.
Again, doesn't mean it catches on and appreciates beforehand. The Company would want that to happen ..so I am assuming they will get to work on that when the time is appropriate. Certainly not now...the fn' quotes are unsolicited and the S-1 is not in EFFECT :)
No..refer:
warrants to purchase up to an aggregate of 964,834,419 shares of Common Stock with a weighted average exercise price of approximately $0.033 per share, of which warrants to purchase 474,999,993 shares of Common Stock were issued to investors in the Private Placement at an exercise price of $0.033 per share.
outstanding options to purchase up to an aggregate of 179,579,481 shares of Common Stock with a weighted average exercise price of approximately $0.003496 per share; and
The primary goal of the Reverse Stock Split is to increase the per share market price of our Common Stock in connection with our intention to apply to have our common stock listed for trading on The Nasdaq Stock Market (“Nasdaq”), as contemplated in the Securities Purchase Agreement. We believe that a range of Reverse Stock Split ratios provides us with the most flexibility to achieve the desired results of the Reverse Stock Split. The Reverse Stock Split is not intended as, and will not have the effect of, a “going private transaction” covered by Rule 13e-3 promulgated under the Exchange Act. The Reverse Stock Split is not intended to modify the rights of existing stockholders in any material respect.
If the Reverse Stock Split Proposal is approved by our stockholders and the Reverse Stock Split is effected, up to every 100,000 shares of our outstanding Common Stock would be combined and reclassified into one share of Common Stock. The actual timing for implementation of the Reverse Stock Split would be determined by the Board based upon its evaluation as to when such action would be most advantageous to the Company and its stockholders Notwithstanding approval of the Reverse Stock Split Proposal by our stockholders, the Board will have the sole authority to elect whether or not and when to amend our amended and restated certificate of incorporation to effect the Reverse Stock Split. If the Reverse Stock Split Proposal is approved by our stockholders, the Board will make a determination as to whether effecting the Reverse Stock Split is in the best interests of the Company and our stockholders in light of, among other things, the Company’s ability to increase the trading price of our Common Stock to meet the minimum stock price standards of Nasdaq without effecting the Reverse Stock Split, the per share price of the Common Stock immediately prior to the Reverse Stock Split and the expected stability of the per share price of the Common Stock following the Reverse Stock Split. If the Board determines that it is in the best interests of the Company and its stockholders to effect the Reverse Stock Split, it will hold a Board meeting to determine the ratio of the Reverse Stock Split. For additional information concerning the factors the Board will consider in deciding whether to effect the Reverse Stock Split, see “— Determination of the Reverse Stock Split Ratio” and “— Board Discretion to Effect the Reverse Stock Split.”
Mr. Haddad has served as our Chief Executive Officer and director since December 2021. Mr. Haddad is a multi-disciplinary finance and technology expert, with extensive senior level operational experience in raising capital, growing complex business models, and guiding startups and later stage companies to successful exits. Prior to his employment at Dror, Mr. Haddad served as Chief Executive Officer of HFT Investments from 2007 through 2021. He also served as a Senior Adviser at Exceed Talent Capital between 2019 and 2023. Over the course of his 30-year career, Mr. Haddad has structured and managed a number of technology and media transactions valued at an aggregate of over $85 billion, including $250 million in transactions within the Israeli high-tech space in AI, medical technology, and cybersecurity. Mr. Haddad received a bachelor’s degree in economics and philosophy from Columbia University, where he was the recipient of the National Science Foundation Award in Theoretical Physics and started his career in the M&A subgroup of Morgan Stanley’s media and technology group for several years. We believe that Mr. Haddad’s extensive business experience qualifies him to serve as a member of our Board.
Why? Are you referring to now...
So this means that A.) adding shares isn’t even a certainty B.) RS may not be a certainty either?
Wouldn’t it be better if DROR let a bigger player in this space buy them out (like Invisalign) …
lol...speaking of little hidden easter eggs out there, I remember a little gem back in the early 2000's. It was some telco company merging with some blimp company..both BB stocks. They were going to provide endless internet and communications via low altitude air ships. The blimp co was getting one share of the telco from merger(every 1 share held received 1 share). The telco had gone up large prior to this as well. Turns out , there was something goofy with the ex date from memory. Anyhow, it was a bloodbath of profit taking...lol. I think the execs of the telco got busted faking revenue and the ceo sold unregistered issues...lol
Those were the good days....
Absolutely nothing happens until regulatory approval(S-1 effective). Also form 211 via broker/dealer. Go from there. It's still semi dark.
Aren’t they adding shares first though before they RS? Which btw that’s one thing I don’t understand why do we have to add shares just to RS thereafter ?
By the way...I hope your play works out(as for everyone). I get where you are coming from...so you know ...
lol...you bet your ass. But I was trying to explain how a large split won't happen. But truth be told, if this were to be a one for hundred thousand, I'd make damn sure I would put $250.00 in to it @ .005 etc...etc...etc.. I'll walk out with one share @ $500.00 ...adjust the consolidation any way you want and adjust how many you buy before effect. That's a double and an extra $250.00 for absolutely nothing in that hypothetical scenario.
That's more than ten bucks my friend....and I have done it before and walked away laughing with nice pocket change. I think you are just stuck in old school OTC Pink land...and it doesn't exist anymore. Time to move on from this shit venue that used to be fat gainers. Maybe it will come back, but I doubt it.
And yes...I am a financial wizard .....haven't been on anyone's payroll since 2007, and I am only 57 years old. Haven't used credit since then either. Not extremely rich but those little things have added up for me :)
Laugh away...:)
Wow! You get to squeeze 1 whole share extra worth $10 🤣. You're a personal finance wizard. I have seen nothing yet that gets me excited about what they are trying to do to current shareholders
I know, right. I get their point to keep the option open but it should never come to that. Just means they don't care about their company enough, haha.
ooops..lol...I meant as a Company...lol. Not as an individual. Holy shit...that was almost an asshole attack :) Sorry ...
Lmao at the last sentence
YEP. Main point....if you aren't going to be serious about Nasdaq and raising serious money and liquidity....take a fucking hike. :)
You can bet your ass that if I can squeeze an extra share out of this ...I will...lol.
Just give me a 1 for 100 and I will be good to go. Any form of clear visible direction and marketing for the company will sneeze this in .10 range. Any lower and its just silly and they ain't trying.
I think you all(some) missed the point...lol. There is nothing ridiculous regarding the consolidation range given that is in place to insure the Nasdaq listing. It is solely set up to insure that without any interruption.
If they considered a 1 for100 only...or any combination lower, then such would be a waste of time. Just think if they stated that and then had to adjust later and make it larger. No way. Now, they can adjust anywhere they choose...and such can be lower than stated given that it is solely for the listing. Again..it's currently based on a .01 - .0001 price range with a $10 IPO target price.
They need roughly $5 minimum....but I don't want it that low. Granted...if it works for them..then I am good to go :)
The OTC quotation link and venue has never been this pitiful ever. Anyone that has played this back to the old BB days should understand this. The OTC has been cleaned up hard and aint' going back to those old 20 bagger' single day junk plays like back in the early 2000's
It's been dying hard since 2015 and last year mixed it up hard. For the better...but it's fucking dead. Nothing but shells...and when I say shells...way more than wanted.
Fuck this venue..and move it up and hopefully get one of those bs automated runs that have been going on recently on low floaters. Those ones are not happening in this venue and the garbage short term lending is getting axed....which means no more "junk bonds"...lol.
!!ps the small round up lot is something everyone should consider.
Case in point:
Fractional shares will not be issued in connection with the Reverse Stock Split. Each stockholder who would otherwise hold a fractional share of Common Stock as a result of the Reverse Stock Split will receive one share of Common Stock in lieu of such fractional share. If such shares are subject to an award granted under one of the Incentive Plans, each fractional share of Common Stock will be rounded down to the nearest whole share of Common Stock in order to comply with the requirements of Sections 409A and 424 of the Code.
Wondering when they plan on dropping some PRs here. The platform is the real deal.
Those cats that pumped that $5 million into this guaranteed aren’t looking just to double their money. That wouldn’t be worth the risk.
PPS can only ascend if awareness is brought to the ticker about what their business plans are, and deep six that idiotic RS ratio threat
Reality is that we shouldn't have to RS much. If we do than they aren't doing their jobs. Haha
Exactly! Especially the length of time that many here have waited for something to happen. A double is just a sad disappointment
Reverse Split till the cows come home, don't matter. All that matters is its current $5 million market cap. If their aligner proves itself and takes market share from the top dog...$22 billion dollar company Align, then we can talk about a great rate of return. I'm sure the attack on October 7th set this company back a bit.
With how much potential there is, and the current share price, a double from here is embarrassing
Agreed nothing wrong with doubles.
If I put $5k into this one, I’m looking for $50k back …. Nothing wrong with this either.
There was a guy about 10 plus years ago that went around and looked for this specific play(rounding up). He used to promote it....nothing wrong with doubles...you just won't bust the bank doing it...and it's more work than gain :)
Yes, a double here is no better than dead money IMO. The RS is a ceiling and a killer due to it's size if fully realized. A double is laughable
I’m not looking to double my money here. I’m looking for a 10X I have a few friends who are dentists and they’re very intrigued by this device. I’m looking for an ALGN SP here!! Doubling from here let’s assume the $0.01 = $1.00 would imply that we will be at $0.02 = $2.00 (hence double money) no way I’d completely sell my shares at $2 here.
I get that...but buying 50,000 shares and getting a "not going to happen" 100,000 to 1 consolidation will double your money. :) No matter what.
It's the little things that matter...lol. Like fractional shares..ha!....in this scenario.
I think people are just afraid to commit more here due to the RS lingering. So much bad juju associated with RS. Some of us learned the hard way in another otc ticker we know well here.
I amazed in not seeing 50,000 lot share purchases here and there more often. Any passerby would be foolish not to do such...and hope for the maximum consolidation. Just don't go beyond 75,000..;) That's an easy double...and don't care if it's $500 minimal..it's still a double @ 50k lot.
No matter what :)
Not now...if this were the first qtr of 2021...yeah. That was when all the freaks came out and bought everything. Something like 10 million new trading accounts opened up and most were complete novices. :)
OMO with current share structure, can this hit $1+ on the right news ? In your opinion.
Got it. Thanks OMO. Clear.
Yes. Filed by the Market Maker
Actually, the Company does not file it(211), the market makers do...after being solicited(or similar)...by Company...or similar.
Here:
https://www.finra.org/filing-reporting/over-the-counter-reporting-facility-orf/form-211
And here:
Even when the company seeking to go public has filed a Form S-1 or Form 10 registration statement with the Securities and Exchange Commission (“SEC”), a market maker must file a Form 211 pursuant to Rule 15c-211 with the Finance Industry Regulatory Authority (“FINRA”).
For issuers that plan to list on an exchange, the process is slightly different; with NASDAQ, oddly enough, reservation of a ticker, which is done with the exchange, is the first step.
OMO why would we need a form 211 if we are going into nasdaq? I thought 211 is only for OTC?
The stock is unsolicited until a form 211 is filed. The share price is fine...it doesn't matter at this stage....and the S-1 has to be in EFFECT. Then go from there...
For a company getting ready to IPO, SP sure is low hmmmm
200 will trade on the offer at close. Why sell at 150. Because you know you can buy it lower . Whores
We intend to generate revenues by:
? reselling our solution through a professional dental network;
? providing ongoing monitoring and treatment plans for those who have completed their smile correction and may require smile maintenance throughout their life; and
? eventually selling directly to the consumer in qualified cases with remote dental professional involvement.
Sales and Marketing
We intend to market our Platform in Israel, European Union, United Kingdom, United States, and Canada, subject to each country’s requisite regulatory authorization. We intend to utilize social media to promote our Platform to our targeted audience. The Platform has a potentially viral social media message that we hope will drive demand by placing user-generated content on all major social medial platforms. Our marketing strategy themes and promotional messages will emphasize the ease and convenience offered by our Platform as compared to other available treatments.
What about the Rs?
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