ION Geophysical Corporation (fka IOGPQ)

[Tduggylolz]

guess its a 1 man party today lol! $$IO$$

[Tduggylolz]

https://www.otcmarkets.com/stock/IO/security


Float has to be tiny

[Tduggylolz]

$IO looks like it wanna start a sqeeze... spread wide open

[Tduggylolz]

$IO movin on low volume

[shoebee22]

Ion Geophysical DOES NOT plan to challenge SEC Delisting!! YIKES!!!!!!!!!!!!

[shoebee22]

FLUFF PR!!! Bankruptcy guaranteed for this oil service company! 120 million note due!! This company is solvent!

[Tduggylolz]

$IO more news coming ?

[kingBach]

I would say it has a lot to with the crazy oil crisis

[MD revliS]

Yeah I think so.
Weird that the price is this low again despite their Q1 success.

[Tduggylolz]

$IO Majorly Over sold?

[MD revliS]

Over 40 million shares traded yesterday for a company with maybe 9 million shares in public float..
Now that looks like some serious trading back and forth from market makers (manipulators).

[MMMQA]

https://www.yahoo.com/news/ion-geophysical-io-tops-q1-002512276.html

[MMMQA]

They have cash that is equal to the MC and have made a huge turnaround with the business model.This is gonna go back up and shorts are gonna have to cover soon enough.IO was trading over 10 bucks a share with far worse quarterly reports than this

.We achieved the best first quarter performance in six years despite challenges from both coronavirus and oil price volatility," said Chris Usher, ION's President and Chief Executive Officer. "Our strong revenues of $56 million generated positive operating income and $23 million in Adjusted EBITDA, and, as a result, we expect our liquidity position to improve as revenues are collected in the second quarter. Our first quarter results reflect the value of our offshore data library and validate the combined effectiveness of our strategic refocus and over $20 million cost reductions. Our team creatively closed a number of large multi-client contracts, some of which were delayed from the fourth quarter, even after E&P market dynamics changed. I remain confident in ION's value proposition to cost-effectively support customers' data-driven decision-making in this lower-for-longer exploration and production environment.

[kingBach]

Shorts are all over this thing, taking advantage of uncertainty in a troubled sector

[Buckey]

I was wrong for sure. Save this post lol - I sold at 3 and 3.79

[chromaticity]

Common stock, $0.01 par value; authorized 26,666,667 shares; outstanding 14,240,126 and 14,224,787 shares at March 31, 2020 and December 31, 2019, respectively.

https://finance.yahoo.com/quote/IO/key-statistics?p=IO

Check Yahoo finance its outstanding is 15M by today and 9M float Maybe they don't need dilute. However, since normal daily trading volume of IO is only about 200-300K, issued 800K in a months did affect its pps. Anyway I sold my shares for now.

Last spark on 4/2 I didn't sell a singles share because I believed they would reach to $3.5+ but they dropped from 3 to $1.3, which disappointed me. Therefore I won't make same mistake again. Take 200% profit first then wait. I will keep watching and buy them back if they drop under $2.

[Bula Vinaka]

Buckey yesterday you said the price is already baked in - now what you have to say - I gave many messages yesterday that the price is going to take over in premarket today and I said we will see $3 - it went all the way to $4

[ClayTrader]

* * $IO Video Chart 05-07-2020 * *

Link to Video - click here to watch the technical chart video

[kingBach]

Why dilution?

[chromaticity]

be ware of dilution. I am out this morning.

[Skipman6]

Earnings have not been good for many compaines so far this year. With solid earnings and growth year over year this stock will be moving North.

[Skipman6]

Let them get fried! I love the smell of shorts burning.

[kingBach]

I watched 1 share trade. Shorts are attacking

[Buckey]

wow $4,28 nice move

[kingBach]

Conference call 10 am

[MD revliS]

I've been waiting for $5 even without the good news.

This may be a good value investment for long term growth potential too.

[Buckey]

well been a slow few weeks trading and really on everything lol so I just sold some at 3 because I bought at 1.6. holding some

[Bula Vinaka]

All I can say is Bula Vinaka

[Buckey]

I did not see this with minimal AH move to 1.95 but some here said PM would be better - They were right. often that is just wishful thinking.

Last 10 trades 
 Time	X	Price	Chg	Vol 
 08:27:13	Z	2.92	1.25	900 
 08:27:12	Z	2.87	1.20	292 
 08:27:12	Z	2.89	1.22	25 
 08:27:12	Z	2.90	1.23	70 
 08:27:12	Z	2.90	1.23	150 
 08:27:12	Z	2.92	1.25	1 
 08:27:11	Z	2.87	1.20	100 
 08:27:11	Z	2.90	1.23	180 
 08:27:11	Z	2.90	1.23	320 
 08:27:11

[Bula Vinaka]

People who sold cheap yesterday and earlier today are soooo regretting it

[Bula Vinaka]

Its definitely passing $3

[Capito]

How high do you think it will go guys?

[Bula Vinaka]

See what its doing premarket - everything I have been saying for the past few days is coming true - its BOOM time baby

[Bula Vinaka]

Duh it was expected - this is going to go much higher than this - over $3

[justradethem]

SHE IS GAPING!!! YEAH BABY!!! LOL

[chromaticity]

the PPS could be $9+ (that what it was in first quarter 2019)
The current earning is much better than 1 yr ago

https://finance.yahoo.com/news/ion-reports-first-quarter-2020-201500726.html

After hour $1.9+. I remembered last time when they released earning news, the after hour was $1.4, pre-market was $1.7-1.8. We will see $3+ even 4 tomorrow

[Bula Vinaka]

A good example is I have been sitting on the bid - mine is the 1st one in line - for almost two hours now - and nobody has even sold me 1 share yet.

[Bula Vinaka]

don't think so - when have you ever seen IO do aftermarket - today there have been almost a hundred transactions aftermarket. That is why I said premarket and when the market opens - this is definitely going to hit $3. The earnings report is huge by itself

[Buckey]

the call is key this is barely hitting 1.90 so these numbers were essentially baked in. dang

[Bula Vinaka]

in the premarket alone - we are going to fly high. Then when the market opens, boom time

[kingBach]

This is way undervalued right now

if they say the right things tomorrow, we fly high.

[Bula Vinaka]

they all are going to be regretting tomorrow - this is going to fly baby - last time it went from 1.30 to over $3 same day just predicting it - can't wait for tomorrow

[justradethem]

The last hour today's trade disappointed me. All sellers...chicken S...t

[Bula Vinaka]

cummon sellers - sell it to papa :P

[Bula Vinaka]

I know exactly - you know IO hardly trades after market, and today there are so many buys after market - just imagine what tomorrow would do. I am so pumped up

[justradethem]

Don't know why this stock is down at this level. Most Oil & Gas companies currently lost money and IO blow out their revenue...go figure that out!!!

[kingBach]

Nice. now let's see how the market reacts

[Bula Vinaka]

Holy Molly - look at the earnings report - this is so breaking $3 in premarket tomorrow - I was soooo right

[Bula Vinaka]

A month ago when estimate was given on the earnings report - it went from $1.3 area to straight over $3/share

[Bula Vinaka]

heck ya - watch what its going to do after hours tomorrow - I am so pumped up - this will fly like a bird baby