Item 9 Labs Corp (INLB)

[BigB111]

Who is "their"?

[MattyTrader]

As long as they sell the ticker shareholders should**** reap the benefits

[Kjv]

Absolutely…their posture has showed that since January 10K was missed.

They don’t care

[MattyTrader]

Looks like EM coming soon… no filings….

[Kjv]

True but with nothing in site it’s like throwing money down the drain

[MattyTrader]

Yeah… need filings… maybe won’t file while still shopping it… idk… value in the ticker alone you’d think? Currently has a $205k market cap… shells go for more

[Kjv]

I am Afraid it’s done…not looking like they care.
Still holding little hope but will be surprised if they did

[MattyTrader]

Needs filings now….

[Kjv]

Unbelievable demolition of this stock.

Ruthless!

Will admit I was completely wrong on this one

[Kjv]

Nah…I don’t pick such plays.

I have seen but there is usually a break then they restart…this hasn’t had a break since July or so.

Unprecedented..lol

[Maniana]

lol,

I have seen many

it's the OTC!

[Kjv]

Never seen an OTC dilution tap stay on this long on one stock!

Since last summer and no single break.

This is criminal

[Kjv]

Which is fine if they are trying to clean up the books but the 10K delay and zero communication about it ?

That’s a big problem.

I don’t mind buying into dilution and waiting provided there is an expectation. In this instance , there is zero to expect so I don’t know why anyone would buy except they know something we don’t know or just purely gambling

[MattyTrader]

Yeah… just not sure why they turned the faucet on so heavy lately

[Kjv]

Really sad. No point buying until filing is done
Won’t mind buying expensive then

[MattyTrader]

Damn… really didn’t think we’d see 0003s…. Either gifts or this thing is cooked

[Kjv]

They are crooks ! I must admit I was wrong on this one…but like every other otc…it takes just one catalyst

[Trading_bandit]

Yep they are selling those restricted share while they can....another POS in the OTC...Who would have thought....

[Kjv]

I have emailed lots of time and no response by those really involved.

I can buy EM so not worried but if it goes EM, I don’t know why it would come out of EM anytime soon.

All the best.

Those restricted shares say a lot for sure.

[MattyTrader]

Yes… that’s why I think this stays trading… those restricted shares are worthless if this is abandoned. If it goes EM that would suck (except for those who can buy on EM). But I’d expect it to come off EM and low .000s still would probably be good for when it comes off… in my humble opinion, of course.

[Kjv]

He said he hoped to have the sale finalized end of this quarter.

But wouldn’t tell me what they intend to do with their capital markets side of the business.


Silver lining was seeing them add restricted shares few days ago.

But won’t buy again until
I see the filings

[MattyTrader]

And what did he say?

[Kjv]

You don’t assess plays by just price action…lol

I actually had a chat with the guy in charge of selling the business back in the December.

Unless you can buy EM plays …you are handling a very risky knife.

I can buy EM plays so not worried. 10K IS now almost a month past due…

Be careful

[MattyTrader]

In November it was in .002-003+… now mid low trips…. Completely different

[Kjv]

It’s really not….been here since November.

Unless they actually file their 10K…this is heading to Expert market anytime from now.

[MattyTrader]

Yep… seems like a nice risk reward down here

[Penny2Dime]

Yes! Will move up soon if keep trading with current volume!

[MattyTrader]

Crazy low OS on this one at lows….

[Kjv]

🚨 $INLB

💰0.0006
Pink Limited, AS: 2.0B, OS: 325M, US: 222M

Held at DTC Shares Updated:
🔴 176,498,601 (2024-01-22)
🟢 214,998,601 (2024-01-29)
Difference: +21.8% (+38M)
Interesting update, shares added to restricted shares.
Outstanding Shares Updated:
🔴 283,619,489 (2024-01-22)
🟢 325,119,489 (2024-01-29)
Difference: +14.6% (+41M)

Restricted Shares Updated:
🔴 99,740,945 (2024-01-22)
🟢 102,740,945 (2024-01-29)
Difference: +3.0% (+3.0M)

Unrestricted Shares Updated:
🔴 183,878,544 (2024-01-22)
🟢 222,378,544 (2024-01-29)
Difference: +20.9% (+38M)

Chart, OTC Profile, Twitter, @otcupdates

[Maniana]

sadly for bag holders

dead bounce was weaker

than expected

looks like a black hole now

aside of possible last one P&D

[JPXPetra]

I bought some for a potential DCB through a direct access account, just to see if there’s any difference in how it reacts opposed to the obvious retail routing. Interested to see what happens now. The amount of fkery on this ticker is wild

[Kjv]

Nice analysis. No I am not holding though.

I exited already.

[JPXPetra]

There is a chance they make it through the process, but it’s a very small one. What’s more than likely is they’re milking as much as they can to pay off as many people as they can. They may clean up the ticker for another company eventually, but who knows how or when that’s gonna happen. It may take years and will go expert market before that if they don’t renew the filings soon

It’s very clever because with the stuff the HSS said in the “leaked” document, and the stuff Item Nine are posting on their FB, it looks like they have all the chance in the world of updating the filings, coming out with news of a buyer, and boom it’s a party

The DEA are the only ones who can change the scheduling of a drug, they usually go with what the HSS says. Hence the weight of the leaked document. Biden wants it to pass because he thinks it will equal a ton more votes. So there’s that whole narrative. But this has been going on since literally the 70’s, every time there’s potential legislation change MJ companies get pumped

The SS still looks nice. It’s very inviting it got me. But when the filings didn’t happen it very quickly dropped through the 0.001 threshold trapping those watching it bounce around between there and .0015

I think the price is being very cleverly manipulated, it has everything to make it seem like a credible possibility, only to watch it go lower and lower. You’ll notice the big dumps didn’t actually move the price down much, they absorb it, then sell it back off the Ask

Couple people online making the technical analysis argument, which draws bullish divergences with every new drop

Bear in mind too now the price is this much lower each tick represents a larger percentage up or down

There is a chance they come out of this. But it’s very small. The reality is they’re a company with no ceo no filings and a lot of people to pay trying to sell a business in a restricted market. Which even if rescheduling happens, it’s not gonna change much, because it’s still technically illegal and de-scheduling entirely is very unlikely

If they find a buyer, it’s game on, and that’s what everyone wants to think if you’re eyeing this up or still in it bag holding

If you look at the volume profile this has never had much vol in it. This recently is by far the biggest vol it’s ever had and it’s mostly shares being dumped onto the market

I hate being a nay sayer. I never usually am. But in this situation I think people are getting hosed, that’s everything I weighed up and considered the last few weeks… thank you for coming to my Ted Talk.

And ps. Sorry KJV this isn’t aimed at you it’s a general TLDR splooge to whoever is reading this page

[Swampy83]

True to that.

[Kjv]

Still in BCNN?

Got back in yesterday.

[Kjv]

lol. Might be worse.

CNNA already rock bottom. This still some more bottom to hit…lol

[Swampy83]

Smells like CNNA

[Kjv]

Unless you’re investing what you are genuinely ready to lose.

Until filing drops, the risk has quadrupled now.

They just lost their verified profile yesterday.

I have a feeling this is being abandoned and nothing is being done filing wise ( might be wrong).

Expert market beckons!

[Penny2Dime]

Buying time?!

[JPXPetra]

Yeah there was a period above 0.001/0011 where it would pop back to 0.0015 or higher easily looking like there weren’t any shares available between those points. The clue was that they were filling low retail bids, mine got filled around that time and I remember thinking, if they’re soaking these up they never let low retail bids fill that easily

Now there’s heaps overhead resistance. They’re just buying off the Bid selling on the Ask, dumping more shares onto the market moving it down each time trapping those above

Hopefully someone who reads this looks at the price action and makes a mental note. I read a line in a book awhile ago said “bottom pickers get smelly fingers” - they’re not wrong

[Maniana]

they will run it down to no bid

then RS for new owners

beer money is great

as long you won't get cought

holding that last bag

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173568443

[JPXPetra]

The unemployable bit got the last 1%

[Kjv]

Absolutely.

This could end up in EM anytime now

[Maniana]

100%

[Maniana]

honest view

fully agree with 99%

[Maniana]

company is currently in good hands

good luck with that

lol

[JPXPetra]

Awesome. I’m not employable enough to have a LinkdIn account.

They made money printing shares if there’s intention of sticking around they could update the filings

Saw some technical analysis posted but the chart is pretty meaningless at the moment

If they want to show we’re not just getting milked, they could give us some real updates

[Kjv]

He is on LinkedIn. You can message him.

The guy selling said they are targeting the selling end of 1st quarter

[JPXPetra]

NEW BUYERS READ

The only way this works out is if they find a buyer. To stay tradable it needs filings.

There is no CEO. All assets are under control of the receiver, Jeremiah Foster from Resolute Commercial. His number is on their website. I haven’t been able to reach him yet.

https://www.marketscreener.com/quote/stock/ITEM-9-LABS-CORP-111314435/news/Item-9-Labs-Bankruptcy-Form-8-K-44384121/

https://resolutecommercial.com/our-team/
Jeremiah Foster

The company handling the sale are Sharp Capital Advisors https://www.sharpca.com/contact

If filings stay out of date and a buyer isn’t found, eventually it will move to expert market or be delisted

Lately blocks of shares have come onto the market. Some shares are bought, there is a small pop, people buy more in anticipation, then more shares appear and it moves down trapping those at the last level. RSI is screaming reversal but every new bottom gets diluted into

The RR if it does work out from here will be epic. But only put in what you’re comfortable losing

It needs:
- FILINGS
- NEWS OF A POTENTIAL BUYER

GL to all

[Kjv]

They have added 120m shares since October