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Exactly his credibility went right down the tubes he sold out right from under us at a fifth of the price.
Helpful Explanation.......
Secondary Offering
Selling new stock to investors to raise capital is called a secondary offering. When a secondary offering is announced, the stock price usually drops. The most typical reasons are dilution, investor perceptions and company actions surrounding the offering.
Dilution
When a company issues new stock, it increases the number of shares outstanding. Its earnings per share go down because the same amount of net earnings must now be divided by more shares outstanding. Investor stakes and share values are diluted. The larger a secondary offering, the greater the dilution.
Topping Stock Price
A company’s goal is to raise as much money as possible at minimal cost. The higher the stock price, the fewer shares a company must sell to raise the same amount. Since insiders know their companies better than anyone else, investors believe that secondaries often take place when the stock price is as high as it can get and start selling to lock in profits, pushing the stock price down.
Offering Price
If the offering price is significantly below the current stock price, investors who paid higher prices for their shares feel short-changed by the management, sell the stock and stay away from it. If a company loses investors' trust, its stock may languish for a long time as disgruntled investors stay away from it.
Added 17. Next week it'll turn. Smart money is NOT panic selling here.
Why are you even posting on this board after the illegal fraudulent stunt you pulled yesterday? Maybe they admins need to just ban you from IHUB. That was illegal what you did yesterday and you are lucky being removed as a mod was the only thing you have suffered so far.
Prolly more like a million to line Troy's pockets... Interesting, the shareholder base that also wants out to the tune of 285 million...
Why would anyone buy now when you can call troy and get .001 if you have at least 10 grand to put in private funding....
The guy pulled the biggest bait and switch in history lol..
Buying SNMN! I think people selling now are totally going to kick themselves soon! I am BUYing all my shares now plus so much more!
Not pumping just so relieved to get my shares back plus more. Next week is going to be fun and the same people complaining are buying now. Troy will be back at the office next week and will fix this situation!
Timbbbbbbberr one billion added by the CEO Beware!!!
going under .0015 soon
You have negative words. How about falling to rise again. I am buying more of it and if it falls, I will buy so much more but people are going to make serious money in the near future here! Smart people are buying and will continue to buy!
Troy should wait until next week to give any updates. But his SNMN share price which is back to August 2017 prices will kind of suck. I am saving 75% of my cash on hand to next week. I am still BUYing SNMN as all the current bashers said when they were pumping.
This SNMN still is a great stock.
Troy better straighten this out as cars and houses are on the line!
Friday dip? Its an October dip
Ready for buy today
Last day of dump
Next week this rallies 100% from the bottom
Target 0.0027
Watch
MM want those shares for next pump
They are not fools
It depends what this money will be used for. Right now, market has lost confidence in this company and anyone can argue all they want, the PPS has responded to the crap of yesterday. Might be good entry for some, but not for investment IMO. Keep tweeting something and doing something else simultaneously is not what u expect from competent company..
May fall to double 00 today
thats right i told people trade ticker not company.
going to hit .0013 today?
With a $1 million war chest!! Just slap the ask and stop tying to get a better buying point. The worst of the selling is over, IMO.
With a $1 million war chest!! Are you kidding.
Traders that bought for a bounce now selling. Once we get through them we should move
Oh no! It's dropping! Lions and tigers and bears! OH no! Better hide! Please keep telling us that it's dropping, because none of us can read a stock quote for ourselves!
Better load these 1s folks...They wont last, by days end.
.001 OH so scary! LOL And when 1 billion shares are purchased and held by outside investors, what will happen to the price per share? With all the great things on the horizon for this company, do you really think the PPS will stay at .001?
Gotta love friday dips thanks folks!
When that Billion hits you can buy at .0004.
I was a believe until the filing rang out and bent all of us over a barrel. Sold it all in the drop yesterday. Troy will burn you too. See you all when this falls back to trips and I can treat it like company it really is. Elaborate dilution scam.
pos. Dropping below .0015 soon
how do we know that there are no restrictions on the billion shares?
Aw Troy blocked my from viewing his twitter page. He does know I can just log out and read his shenanigan tweets
Ok. Still BUYing slowly today. I will have three time My shares from before. Yes!
.0013 coming!
Well said StockZoom!
And it might go to .05
Welcome to Billion shares added, thanks Troy.
might drop to low .001s
Quality company indeed next week we rock
about to dip hard. A falling knife!
apologies for the CAPS - stuck key
U really want more comments and tweets, didn't have enough?. I want to see real actions, walk the walk...
to me the low volume is a good sign--selling may be exhausted--at least lets hope so. It would be nice to see a comment from the CEO. probably Monday Morning
150m was traded at this time yesterday. Come back in a week all iHub pumpers will be on to their next ticker
lots of eyes some trying to scare but this is going huge mark my words chart set
It .0018 breaks straight to .0015 or below!
Perfect loading day today smart folks soaking cheapies. Low volume consolidation textbook 101 and its friday!
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