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So, its value would be $5-6 per share.
$TANH Extremely under valued!! Major cash and assets revealed!!
do the math $43.6mil $105.8mil…
From todays 20-F on fintel.io
We have approximately $4.7 million in outstanding bank loans as of December 31, 2021. The loans are held at multiple banks, and we used our land and property as the collateral for the debt. While our land and property are worth more than the total loan amount and we also have approximately $43.6 million in cash and approximately $105.8 million of current assets available
#5 on stocktwits. News and 6k filing out 6/21/22
https://www.prnewswire.com/news-releases/tantech-subsidiary-announces-new-6-vehicle-order-301570898.html
6k filing fintel.io/doc/sec-tantech-h..
In the US recent 6k
wow biodegradable packaging!!!
fintel.io/doc/sec-tantech-h...
4mil float by the way finviz.com
$Tanh wow 6.5mil volume on a 4mil floater! 23 weekly rsi only!! Plenty of room to go up from here on that news!
Nice news today and volume! Oversold weekly rsi. Accumulation possibly happening.
Wow red to green .08+ up on 2mil volume!
This one can really move!!
Wow red to green .08+ up on 2mil volume!
This one can really move!!
$TANH 4mil share float 22 weekly rsi. I got wsft from 21-25 weekly rsi and added on the way up too.
Very nice volume and chart!! Aye. .30-.35 good buy with a 22 weekly rsi imo. 4 mil float… if just a few hold. This one is a bouncer.
2 other low floaters:
$NUMD
was recently at a 21 weekly rsi.
$ETST
is another low floater one that I am and others are accumulating. Company says updates coming.
Last year,
$NUGN
$TIPS
and
$LUSI
all low floaters all ran from .01/.02/.03 range to much much higher.
Excellent ss with 4mil float. 23 weekly rsi is bottom imo.
Finviz.com
The pump originated from Discord. Stocktwits was just one of the tools they use to spread the word.
That pump is now done. But there could be another from the original "anonymous" controlling manipulators next week when earnings are due.
Wouldn't venture a guess where SP might go. But it's more likely than not they will dilute again; which can theoretically happen as early as June. It will tank again when that happens.
The pump originated from Discord. Stocktwits was just one of the tools they use to spread the word.
That pump is now done. But there could be another from the original "anonymous" controlling manipulators next week when earnings are due.
Wouldn't venture a guess where SP might go. But it's more likely than not they will dilute again; which can theoretically happen as early as June. It will tank again when that happens.
Yup. But don't discount the original short / pump&dump / bear troll group that's been working this LT. They're still there. The Discord group is likely temporary. LT outlook is good, but will be a bumpy long unpredictable ride.
Apparently the company can't dilute again til June earliest. If (when) they pull that again, it will tank once more.
The word is spreading on Stocktwits and Discord regarding TANH. It's just a matter of time here. Thursday good chatter on Twitter during trading hours. Easy play when you can buy .1% of the O/S for under 10k
I sort of wondered if someone was manipulating at the time but thought is was too much money moving that day for that be the case, like how could one or two people move it like that but I should have been more astute as there was NO NEWS moving it and the price only moved 30% I think it was, for all of that volume....oh well I think I bought your shares (.6781)! Thanks for all the good information. Learn everyday. Best of luck.Take care.
My initial plan (over a year ago) was to hold on that long. The company makes a profit in everything it gets into. Probably good connections inside the company. Figured it could become a huge Chinese conglomerate. That may still be true. Nothing indicates the company itself is not doing well. These dilutive issuance are the problem. Whenever a company issues stock at share prices below net book value per share, it mathematically shifts value from the existing shareholders to the new shareholders; most legitimate companies avoid this like the plague (shareholders HATE this). It's unavoidable if a company is struggling and can't get financing.
But TANH does NOT need cash. It would appear the intention of the issuance was dilution. This may also be an indication they had a hand in recent SP decline. The scale of dilution was MASSIVE. Those new shares represent 75% of the current ownership. And the cash they got was only a tiny fraction of what they already had on hand.
This is actually an argument to buy now. The reason they perpetrated this theft (no quotes needed), is because they know the company is valuable and are trying to steal for themselves. This wasn't a "public" offering. I called the day it was announced; it was already sold out. It was an inside job.
This is a lawsuit waiting to happen. But I've been a holder in a Chinese company traded on a US exchange, where the shareholders won a lawsuit against the company. The company actually stated in their next financials that a US judgement is not enforceable on a company operating in China (no US/China treaty) Just gave a big middle finger.
The only way to protect from this dilution it to participate in the theft (buy in the issuance), or in this case buy on the open market at the same $0.50 @ 3x original holdings. Which I have been doing. Almost there.
The reason price remains low is the rightfully deserved distrust of the company. And they don't understand the math behind the dilution. They also most likely will do this again... But as long as you are prepared to buy in again, you'll not lose - on a long enough timeline. Manipulators will always refer to these past discretions to pump price down.
Thank you so much..alot of good info..I hope I can unload soon and not 7 years from now!
Yes, manipulation, for lack of better term. Volume can be easily faked. Same person with multiple accounts can be buyer and seller in the same transaction (phantom/self trading). REALLY common with small cap stocks, but usually on much smaller scale. Easy on this one cause no fees. They inevitably gain or lose shares in this process; but usually that is the intent and the bots & algorithms they use ensure their outcome. These guys/groups have deep pockets. Theoretically, naked shorting could cause this volume, but I would not venture to say likely.
You should check out Stocktwits; lots of postings there. I saw this coming because of there. Sold @ .67; just bought back at .53; 400sh just paid for themselves. Still need another 1k, but still not paying above.50 for those.
You can spot algo trading quite easily sometimes by looking at the transactions. If you see stock trading at irregular intervals, then see 10 transactions in the same second; probably a trading platform doing it. Doesn't mean it's "manipulation", but probably not Retail traders.
Hi, do you have a take on how there were 69Mil shares traded with $49Mil dollar value on April 5th but only moved that one day up to .70 and now back down to .51ish? (16Mil float/ avg vol 6Mil)I thought for sure it would at least spike into the next morning and beyond with such massive volume and dollar volume thinking bulls must be piling in but again I was wrong! Was it manipulation? Thanks
Good morning I did picked up more.
Standard pump play. Apparently Discord groups banding together doing this to various stocks. Scuttlebutt is that it will go back below .50 (I'm not so sure) before goes back up again. Just rumor form other boards. IF manipulation / dilution ever ends, it'll EVENTUALLY get to $5 at some point. If not should still go back up, but could still take a while.
No news here, Is this just run before the split?
strong buying here today. Added some cheapies.
Lots more room to go from here.
Pretty decent Squeeze maybe it’s finally ready to retest 1$ after this dip is over
ARCA finally backed of the ask side. (Weight)
Are you talkin Stocktwits or actuall twitter? What's the exact handle?
Lol. I’m not in. But it’s obvious he shorted it. And walled it up
Don't fear the reaper.
It’s a shit show orchestrated by the Reaper.
Acutely aware of the situation. Been in this LT. Normally wouldn't be phased these antics. Since SP is below NBV, all you need to do to protect from dilution is participate in the issuance enough to maintain the same ownership %.
The problem here is the MASSIVE scale of dilution - 75%. I (and all existing shareholders). We would need to buy TRIPLE our existing shares. Not mathematically possible for everyone to do that (since insiders got all the new shares). This should have been a good pumper argument; surprised it wasn't seized on.
I was not overly deep, but enough that even at 50 cents I couldn't do it. Not to mention that offering really wasn't "public". I requested instructions to participate next day and no response. Have bought 1/3rd of what I need since the announcement at .50 & below. But still need to double what I currently have. I can pull that off if SP falls to $0.38. But I refuse to pay up for any more shares. It has to hit new lows for me to buy. Looks like manipulators are helping me out a bit.
The Reaper on twitter is shorting the shit out of this. Fact
Since your long you should understand that offering closed. And the over allotment is closed. Warrants were roughly .46. Time to rebuild if your long right? Not sure I would want the market cap this low another day if I was long here. Just sayin
It’s pure manipulation. It carried a uptrend a few days after bottom then shorts covered out then it seems they are back at it again. One would think with the RSI in the teens this would give a bounce. I did… but it’s glued on bottom. No bulls pushing it.
Not that simple. Don't mistake pumpers for bulls. And know what bulls are out there. There are new bulls (the kind needed to drive SP to new highs). Most of the bulls are legacy holders (like me), who still believe SP is undervalued, but are intimately aware of the serial manipulative dilution perpetrated by the company itself. We are not willing to pay more than the discount insider price of $0.50. I'm a buyer, but will have to hit new lows before I buy more.
The pumpers read the situation same as you. They tried to make a quick flip, but best they could do was push up a few pennies. Simply not enough new blood. Failing some drastic news from the company, it will be a long recovery. A news release of 10 vehicles being sold just doesn't cut it. I actually think they thought it would.
Guess the bulls here threw in the towel. New lows… walls closing it down with no push back. Thought this had a chance but guess I was wrong..lol.
I think everything is sold
Are the 20 million shares from the offering restricted for a period of time?
Be careful…over allotment TO DUMP MORE TRASH
10M offering at crackhead prices lol
,,,,,,,DOUBLE-DOWN NO REASON TO SELL NOW…MORONS
Imo
.64
Good to see someone actually do something. If you purchased high right before the release you may have basis for a class action lawsuit. The incentive here is if you are the one who files the suit, YOU get a cut of EVERYONE's loss; not just your own. I've been in for a while; I have no standing.
This is also a dilution play. Yes, management of US exchange companies operating in China just ignore (if they are even aware of) management standards. Most of them just view exchanges as free $ they can steal from the rest of the stupid world. They're kinda right. It's the risk you take investing there. Been burned before.
That being said. It looks to me this company could be huge. A bit strange that a charcoal company is now making vehicles. But they are selling what they make in the booming-est economy in the world
Filed detailed complaint with the SEC, as have many others. Better tighten up TANH... Storm is coming
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