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For shame! That was perfectly legit jibberish?
What part of contract for uplisting do you need help with then?
I believe it is but the lack of transparency is ridiculous. No guidance at all. SAD
I’m not sure I totally follow.
I would think they wouldn’t want to split at this price, I bet they put out some good news before that
Is Valsoft connected with the Valentine's Day filing?
Yes I believe they piece together quite tightly. Spoiler Alert. I also believe it involves a large contract.
Possible, certainly!
Plausible, of course both deals went down in close proximity of each other.
Probable, yes I believe it's such a size it's taking longer than normal to ink. Bjarne's Job#1 is building the company and clearly, he needs a homerun to uplist.
That is the worst part, 2 months on the otc waiting for a vote on a split is a death nail. The only way they will avoid a reverse split is organically getting the stock price to $4 to be on the Nasdaq. At this point, I’m hard pressed to find a catalyst for ANY type of stock appreciation unless they buyback and retire shares but that would leave the company cashless most likely
Fair enough I suppose . Time will tell and I'm still green for now. Been trading a long time and have not ever seen this scenario. Time will tell.
There's 2 months before any vote. Couple of weeks ago I had a play in same situation. Turned out it was a shake out, purging shorts, swing traders, weak hands scenario. CEO secretly had an ace up her sleeve in a new product. Stock more than doubled before the OS could split. She even faked out hawk-eyed 3 year longs.
Here's the difference though, she went by the book. Any material events were addressed in a PR. Bjarne figures he doesn't need to address 4 hedge funds in a day, months later!!!??? Doesn't need to say anything more about his rollback in a PR either. This other stock was barely a pink, Bjarne's stock is OTCQX. Legitimately he should be disclosing more than he is.
Therefore stands to reason he can't disclose anything more about 4 hedge funds in a day because they are pivotal to anticipated news. Otherwise what he's doing makes no sense he's getting in hot water with the SEC. There's method to the madness you can be certain of that perhaps that's the loophole. He won't divulge what's cooking over the phone, for certain catastrophic consequences would ensue!
Valentine's Day CEO's must be connected in an intellectual property or contractual sense. That must be Bjarne's loophole here. SONX has not disclosed they will invoke an R/S yet. That's very significant, all they're doing right now is covering there assets. Even with a MAJORITY vote to R/S they say they could R/S as late as next year's AGM. They're protecting Sonendo resulting from there cessation of uplisting to NYSE. Officially that's what this filing is about.
Most pivotally*. Sonendo's BOD have not said they will R/S Merely set the groundwork for a vote on it should they need too R/S by next year's 2025 AGM
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Sub penny is a bit strong as you can see I have been scared plenty a time with reverse splits on the otc
Looks new to me, almost like window dressing for a new customer. Otherwise why go to all the frills already. ValSoft know something perhaps?
I wonder if this is new https://feedtheagency.com/portfolio/sonendo/
No I have no desire for story time . Nice or not dark is dark . My email was not " nasty " but to the point . Been misled enough . Sub penny bound ?
It will go back
60% institutional tells me:)
Let’s go $ONX!!??
Ceo has to have a game plan which he shares before the next shareholder meeting
Would you like to talk to bjarne? I have his admins contact info. She is very nice. Your call but you can’t send her a nasty message but a request to meet with the ceo. That is what I did. Unfortunately, I don’t see how this doesn’t drop like a rock soon as it has no more investor support except for some of the weird trading games that have gone on
Sounds good! I’ve tried before and never got a response
Instead of bitching on here I sent a scathing email to the investor relations department and mention Bjarne by name . Material events are critical to investors like us . Going to send one daily until I get a response from the powers that be.
Shareholders are just a plaything for management with most public companies, just an atm. This is nothing new
I'm not proclaiming the end of the world.
But if they're staying on OCTQX, they will be frowned upon by OTC investors making it doubly difficult to uplist into Nasdaq with a decent share price. Equally* Nasdaq investors will also have good reason to be apprehensively skeptical.
Just seems seems like they're digging there own grave wherever they trade. I really want this company to succeed. So I'm wondering 2 things.
1)Can we expect any short squeeze in the next two months.
2)Can we expect a SONX-Nasdaq IPO inside 2nd week in June or whenever they decide to launch an R/S.
To say SONX investors need transparent guidance via an informative PR, is like saying dentist drills can be painful. So why the massive stall to do that.
Really out of character to say the least. Zombie hedge fund managers from out of no where. Oh and incidentally dear investor, you're due an R/S soon. We're not sure why ATM but we'll be in touch when we do know. Bloody Hell what's up with management playing games like this, so unprofessional you're too afraid to ask what prompted this sudden implosion.
Unless of course... Biolase. But again* we're already missing vital managerial communication on two material (if not pivotal) events. Do we really need another storm cloud? News isn't just needed, I think SONX is putting themselves at odds with the SEC if they don't clean up there act and toute suitely.
Makes me question their cash on hand, no? Really hope there's more to all of this, because like what Richie stated, we should all feel led astray and betrayed at this point.
Hopefully more to the story coming…..
Honestly I don't get how SONX skirted the rules.
They signed on 4 mutual funds in one day. The market knew something was up and reacted that way. Yet over 2 months later not a murmur of a PR explaining what or why it happened. How on earth can that highly unusual event NOT be a material* event
I agree with you these fund managers are calling the shots with this RS because I can't see how retail can out vote them. Even if we all said no to an RS. That evolvement has baited and trapped all longs, now we are being played.
I can't put into words how annoyed I am at being betrayed like this. With zero transparency on the Valentine's Day exclusivity and zero guidance from Sonendo PRs about the Feb 14th head-fake. It just seems highly imprudent from a company looking to uplist on Nasdaq. SONX lead their shareholders intentionally astray like this. Imprudent because I seriously question the legality of this Feb 14th material event.
Well it’s not a paper shredder lol
Oh no OMG why didn't you tell me?
BTW, not a chart guy. What am I supposed to be seeing here. A printing press?
To be more specific I expecting news on
The Valentine's Day Consortium. 2 months later not a peep. If that's not called a material event I'd like to know what SONX call it...
With all the insider and institutional buys, I actually thought this one was different. Definitely a false sense of investment security.
Isn’t that the truth….
Glad volume is up this AM . This needs to move up !
The public shareholders are generally a piggy bank for most companies
I would for sure take that route but that ain’t t happening unfortunately
100% exactly. Not sure why a split is even thought about here . Buy back and vault them for a rainy day n the future . They win and shareholders win to .
Nice bid out there
Should be buying back shares reducing the SS
I think they could do well on the otc.
Keep building the business and keep shareholders informed while marketing the product line, maybe expanding it, but no all these companies want to do is get to the big boards so they can enrich themselves stock options, that’s what it’s all about.
With $53 million in cash they should be buying back shares instead of diluting
This will be a train wreck until the reverse split is over, if the board moves forward. They don’t really have a choice at this point. Otherwise, if they stay on the otc, this will get shorted to zero like everything else on the otc
In 2 months we could be riding High.
In 2 months we could be kicked to the curb like yesterday's trash.
I don't know about you but I'm expecting some news. Well what kind of news you ask? An excellent point 🤔 I would recommend some good news. Otherwise I'm pretty darn sure we're sitting in a slow motion train wreck.
2 years ago...
If they split it to much it won't be tradable which is a shame . No need to sit on the big boards if no one buys it . I was in one of those. It's still on my watch list .
Good volume today so far . I hoping it powers north for a few weeks to a least get back to where it was delisted in the first place .
Lookalike someone needs about $12k in cash with the little wall up. I have my bid in at 5 cents for a dip
Normally before a split a spike in price is the norm . Time will tell
I’m hopeful they have something up their sleeve to propel the price. Better to split at 50 cents than 8
The new number is about 380k to 7.1 mm in float based in 1/200 and 1/10. 7.1 mm is tiny and that will be the max float. Right now at 8.5 cents they need about a 1/47 split to get to $4 so float or about 1.5 million shares. At some point we could see a massive squeeze though
I’m hoping they put out some good news to elevate the sp
I knew I should have dumped all my shares instead of have in 23 cent range
The vote isn’t even until June 10 to even allow the board to do a 1/10 -1/200. With that bleed time we may be sub penny in the Wild West of the otc
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