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I have been reading your post, sorry for the uneducated question, but thanks for the info.
Have you been reading my posts..?? VNDM is VANDHAM SECURITIES CORP a non-retail Market Maker who for some unearthly reason they decided to sell a few hundred thousand shares through at .26 - .50 cents before the name change took effect.
The reasoning and logic behind this only they know. This was well on it's way to $1.00+ when VNDM showed up and sat on the ask for weeks.
Perhaps they thought they were giving folks a chance to get in cheap, I really have no idea, it was incredibly perplexing and frustrating though.
With any luck the dilution appears to be gone for now and this can continue to move up.
Wow back to the .50's, that was easier then I thought. I really expected a lot of overhang given how many folks were filled between .22 and .50.
It's a Christmas miracle...!! VNDM has finally moved to $1, lets see how long that lasts.
SCHEDULE 14C filing today.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11724964
I noticed Fred S. Luke is now listed as 'president'. What happened to Fred G. Luke..??
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11644056
Did Luke Jr replace Luke Sr as president...? I know there is a Fred Luke father and son but I didn't know they were interchangeable.
Whoever the big seller is hasn't shown the desperation to sell below the .23 -.26 range as of yet, and there aren't very many retail buyers who got in @ .15 or below.
If there were more iHubbers in this then I would expect WAY more bidwhacks, so .15 would be highly likely, however, who ever has been buying this as of late seem to be stronger hands then your typical iHubber.
Not saying .15 wont happen again, the VNDM seller probably has enough shares to tank this to sub penny if they were so inclined, but at this point they don't seem to want to do that.
waiting on .15, it inevitable.
I think there is just no volume yet today.
I'm sure VNDM would sell you all the shares your heart desires @ .259.....probably could even put a bid in at .24 or.25 and get filled as well.
could symbol change be the reason for no early trading today? still holding on to hope to jump in. something doesn't smell right??
NULF took awhile but the name/symbol change is complete.
SMFI: effective Dec. 8,2016 Smoofi Inc., SMFI, will change to NuLife Sciences Inc., NULF:
http://otce.finra.org/DLSymbolNameChanges
I think it's more frustrating than disappointing. As I do more research though I think it's to be expected, Fred Luke has probably left more disgruntled shareholders, in his 40 or 50 years in the public markets, than Enron and Worldcom did combined.
Yes they are bringing some volume here, I'll give them credit for that, however, there is no price movement due to the dilution. They are more than happy to let hundreds of thousands of shares go in the .25 range, whats going to happen when/if they do decided to try and move it up..?? There is going too be a ton of overhang who got cheap shares to go through first.
It's just a stupid strategy to do it this way IMO.
Smoofi still smoofin', eh? Disappointing to say the least
I certainly hope NuLife Sciences Inc has better luck than Fred Lukes other 'Nu' venture NuOasis Resorts, Inc, that one was an epic disaster for shareholders.
http://www.siliconinvestor.com/subject.aspx?subjectid=18939
Someday we will look back at this dilution through Vandham Securities and it will have either been a huge buying opportunity OR a huge red flag.
Right now it's just simply impossible to tell which one it is.
Volume back up a bit today but of course VNDM with his magical, never ending share printing press still sits atop the ask.
Would absolutely love to know what genius thought it was a good idea, to park VNDM on the ask, with a boatload of shares, on a thinly traded stock. What could be the logic behind this...??
Whether the big seller is the company, insider, noteholder, etc this strategy to sell your shares is completely and utterly asinine. The seller needs to pony up the $$$'s for a larger stock promo to sell into...or...dump their shares at the bid and get the hell out of the way.
I think VNDM could get hit with a 100K or more and not budge, whoever their client is has a lot of shares to sell.
Hey look, a 5k hit on ask. VNDM not budging
Volume completely gone, wonder if they did indeed just run a couple day promo..?? If they did I can't prove it but from the trading activity that's certainly what it looked like.
FWIW it doesn't seem like VNDM is willing to dilute below around .23 cents, but of course they also represent a huge wall at .25, so they are not going to let it run.... but wont tank it either.
The problem is that now all those retail folks who bought above .25 are seeing this as well, so they are willing to sell in the low .20's and take a big loss. The longer it goes the more desperate they will become and start selling at any price IMO, they could easily tank this back down below .15.
The least the company could do, is get the website online, it's been a month already, this might give folks a little more confidence and keep the pps up.
When I first looked at the story here I thought to myself, "if this is true, all they need to do is execute it properly and it will be absolutely huge". It doesn't matter what the balance sheet looks like when you have a compelling story like this, investors should be all over it simply based on potential. I would say that this is probably one of the top 25 most interesting stories that I have ever seen in the micro-cap arena.
Of course the story means nothing if you don't have the proper folks at the helm to execute, and these guys have failed thus far IMO.
Thanks for your hard work and research. I have done limited research and cannot seem to find anything definitive. I will take a wait and see attitude for now. If what they are saying is true, this can truly be a Lifesaver & Homerun. Interesting days ahead.
I stepped down as mod and removed my hours of research from the iBox, folks can conduct their own due diligence and decide whether or not to invest.
IMO It's not 'gone' but it's not off to a good start either. Perhaps the company is of the mindset that we(investors) should look at this as a cheap buying opportunity, while also allowing them to make a few dollars in the process, I think this is very shortsighted though.
I believe you reap what you sow in Pennyland, diluting existing shareholders to that extent is going to do more harm than good going forward. They could have let it run and started generating a lot of momentum and buzz, slowly selling some shares here and there in the process. That would have been the right way to do it.
As I said before, it's still very early and not too late to turn things around but they need to get the pps headed back North ASAP.
What happen to the information about SMFI, other links and the video? Is SMFI gone before it started?
Starting to see a few small retail sellers now, folks that probably bought in during a couple day promo of some sort, and now selling for a big loss IMO.
Company needs to try and swing the momentum back positive some how, perhaps finally get the website online, give us an update on the FINRA name change, stop diluting, beg NCAP or NMUS to take Hollister back, etc, etc.
It looks like approximately 400K shares have been added to the float since VNDM arrived, so somewhere between $90K and $115K has been sold thus far. Question is how many more does VNDM have, thousands, 10's of thousands, 100's of thousands, millions...... to infinity and beyond...yikes...??
This had been a thinly traded stock for at least 2 years, no signs of dilution in that time at all, never expected this. Obviously I figured dilution would happen eventually, however, not right off the bat like this.....nothing like shooting yourself in the foot.
Surely they could have run this up over $1 and done private placements or something that would not have led it immediate dilution. Gandy has to have investors, who believe in his research and are willing to invest, I doubt he paid for everything out of pocket.
Volume way down today.
This is the way I see what has happened to this point. Hollister was essentially handed the keys to a slightly used Ferrari, however, rather than heading down to the local racetrack, opening her up, and seeing what she can do......instead he basically just drove right off the car lot and straight into a brick wall.......well done.
This thing is an enigma, on one hand your getting much more volume out of the blue, and some fairly large buys as well.......but on the other hand the thing doesn't budge because either an insider or note holder is diluting though Vandham Securities Corp.
Vandham Securities is NOT a retail market maker, they are clearly selling for a client with a large amount of shares to dispose of, but folks are buying them up. It's definitely not iHubbers buying but someone is. Hopefully it's insiders and there isn't some sort of under the radar stock promotion going on, otherwise they will be a problem going forward once/if VNDM runs out of shares.
Bottom-line is I can't tell if the action is good or bad, I think it could go either way at this point. If this was 3 or 4 years ago I'd swear this was being set up(loading phase) for one of the better promotions APS, TBX, SMA, etc. Decent promo's like that don't really exist anymore though.
I have no clue whats going on, in a months time this could be .02 or $2 neither would surprise me.
57000 shares @ .26 and VNDM doesn't even budge....lol....what a joke.
Good grief VNDM is absolutely killing me...sigh.
When/if VNDM ever goes away will be a great day.....until then be prepared to be frustrated. This will run right back up to .50, if that day ever comes, but he has a lot of shares to dump first apparently.
Personally I don't think a 'big run' could occur with VNDM on the ask. VNDM is dilution and apparently has a lot of shares, they whack every decent bid instantly and any time another MM lowered their ask price, VNDM would immediately undercut them.
Honestly it's impossible to say, I mean I've seen that type of trading activity dozens of times and it's almost always a small, couple day stock promotion.
However, one, it makes absolutely no sense for the company to pay for a promotion before they even have their name/symbol change done or website online, and two http://www.theotc.today/ follows all current stock promos and SMFI is no where to be found.
I suppose convertible debenture holders could have paid for a really cheap, few hundred dollar, pump so they could dump their shares but again it makes no sense with the symbol/name change due any day.
It's possible insiders and/or promoters have been loading up for the start of something bigger after the name change but I think we would see stronger bid support if that were the case.
It's mind bogging, I don't know what to make of it and I did not expect this at all based on the research I have done.
Question is, was it a pump and dump or build up to a big run? Roll of the dice at this point. I will probably let it shake out over the holidays and contemplate a purchase around .15.
I suppose it's possible it could be the convertible debenture holders that have been diluting and not the company, if it's them, then they are some seriously shortsighted idiots. That's what happens when you do a deal with the devil though, hope that $50K was worth the damage they are doing to their reputation, they are killing them before they have even gotten started. The trading last week was what I'd expect to see in a pump and dump, except there was no pump that I'm aware of, only the dumping. Just a terrible way to start off trading with their new acquisition.
I don't know who the chairman of their board of directors is(Cahill??) but I would call a meeting of the company officers and ensure everyone is on the same page with what they are trying to accomplish here. There is plenty of time to right the ship..... but they better do so before there is a mutiny...lol.
Well, it's still very, very early but I have to admit based on what I have seen I have some serious reservations about the competency of the people running the show. Quite frankly it's a little disconcerting, I can only hope there is a method to the madness.
I won't be adding any more, I'm just in wait and watch mode now.
Not sure this is worth diving into at the present, have to keep a close eye on.
Volume way down today, had they only let it run yesterday, that momentum would have brought many new eyes to the stock, which would have paid far more longer term dividends than they got from the shares they sold IMO.
That was really the first day of significant trading for this and it was amateur hour at best, I can only hope the next big volume day they get it right. Someone from the company needs to do a refresh on economics 101, the law of supply and demand.
It's possible, I mean someone definitely got loaded up today, there is no stock promotion, no news, no iHubbers, no filings, or material event that would explain the record volume here. The only logical explanation is that insiders were getting filled in anticipation of news, name/symbol change, etc.
Will cycle back down, then take off on good news!
174,087 shares traded total including a 37,600 T Trade, it's hard to be disappointed with record volume and 100% gain but alas it could have been so much better.
We'll see what happens from here, this was just the first day, going forward it would be nice to see the dilution ease up though. Letting it run creates a buzz, much like a viral marketing campaign would, whacking and dilution kill that buzz....it's pretty simple really.
Considering there have been no material events, news, etc that would cause this volume surge out of the blue, I think trading is being orchestrated here. IMO the company is holding this back so they can fill insiders in the .25 - .35 range. Without VNDM and those incessant bidwhacks this was headed over $1 easily, it doesn't seem like they are ready for that yet.
Based on the activity today I think this is headed higher, maybe significantly higher....of course I could be wrong...we'll see.
Just hit the highest volume this has ever traded in it's history and yet we are stalled behind dilutive MM VNDM and his wall of who knows how many shares @ .35.
Granted the volume increase is certainly interesting..........however, it's also frustrating at the same time because the company appears to be purposely holding it back.
Unbelievable how fast dilution kills a run, 50 or 60 years of combined public stock market experience between Hollister and Luke and they still haven't figured it out.... amazing.
On pace to break the highest volume ever for this ticker which is 112,094 shares back in 2015.
I just wish they would let her run and stop holding it back. I guess I can understand bringing it up slowly though, it's already up 100% today. However, without any dilution I think we would have been in the $.75+ range easily.
Most volume in all of 2016 today, the previous high was 41K back in March.
2016/10/31-- 12,265
2016/10/24-- 14,273
2016/10/21-- 3,581
2016/10/20 -- 2,631
2016/08/10-- 308
2016/08/04-- 4,000
2016/08/03-- 16,200
2016/08/02-- 2,900
2016/08/01-- 245
2016/07/27-- 50
2016/07/21-- 1,000
2016/07/18-- 5,000
2016/07/12-- 15,000
2016/07/06-- 5,000
2016/07/01-- 10,000
2016/06/20-- 5,000
2016/06/06 -- 5,000
2016/05/19-- 15,000
2016/05/05-- 10,000
2016/04/28-- 2,550
2016/04/14-- 300
2016/04/13-- 6,300
2016/04/12-- 50
2016/04/08-- 4,000
2016/04/07 -- 1,000
2016/04/05-- 3,300
2016/03/29-- 18,000
2016/03/28-- 100
2016/03/24-- 5,000
2016/03/23-- 1,698
2016/03/21 -- 6,417
2016/03/18-- 41,500
2016/03/09-- 24,210
2016/03/07-- 142
2016/03/04 -- 240
2016/03/03 -- 4,900
2016/02/25-- 4,005
2016/02/24-- 5,100
2016/02/11-- 100
2016/01/28-- 900
2016/01/19-- 15,000
2016/01/14-- 122
2016/01/07-- 1,900
Well crap...bid support got whacked, still the story is just starting here so it's nice to see this action. There is no doubt this can move very quickly....both north and south...lol.
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The NuLife Technique
With 15 years of committed research supporting the GandTex biomedical assets, NuLife will possess a unique patented proprietary method (newly branded as the "NuLife Technique") that could potentially eliminate the need for an organ or tissue match and the necessity for anti-rejection drugs in human organ transplant. With over 123K candidates waiting for an organ in the U.S. alone, the market need is significant especially considering the potential of utilizing discarded or marginal organs. Additionally, the Company's versatile technique is potentially suitable for a variety of clinical indications, including sepsis, organ failure, wound healing, and other critical health related issues that humans are challenged with today.
With the Discovery phase completed, NuLife intends to enter a preclinical phase involving animal experiments. Data derived from future clinical trials will be submitted to Federal Drug Administration (FDA), Institutional Review Boards (IRB) and/or other regulatory bodies to determine the final pathway to utilization and commercialization.
Upon regulatory approval and successful human surgeries via randomized clinical trials, NuLife plans to build a market for using discarded and marginal organs processed by the NuLife technique for transplantation. Once established and proven, NuLife will target Organ Procurement Organizations (OPO) in all 50 states who would purchase organs processed by NuLife and other centers focused on using the technique for transplantation. The Company believes that this new approach would have the potential to significantly improve the organ transplantation process by reducing the needs for matching as well as reducing the needs for dialysis for patients awaiting a donor organ. It is also expected to significantly reduce or potentially eliminate expenses and adverse events associated with anti-rejection medications.
Market Value1 | $4,352,012 | a/o Oct 28, 2016 | |
Authorized Shares | 200,000,000 | a/o Oct 26, 2016 | |
Outstanding Shares | 31,085,800 | a/o Oct 26, 2016 | |
-Restricted | 8,450,000 | a/o Oct 26, 2016 | |
-Unrestricted | 22,635,800 | a/o Oct 26, 2016 | |
Held at DTC | 3,361,994 | a/o Oct 26, 2016 | |
Float | 6,988,734 | a/o May 08, 2015 |
Investor Relations
Ted Haberfield
MZ Group
President
MZ North America
Direct: 760-755-2716
Mobile: 858-204-5055
thaberfield@mzgroup.us
www.mzgroup.us
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