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Anyone been following this lately?
... up nicely since November.
Trying to decide how to trade this, pps is up,
but a lot of issues remain.
News: $VNCE Vince Further Advances Global Retail Strategy With New Store Openings in London and New York City
Vince, LLC (“Vince”), an indirectly wholly-owned subsidiary of Vince Holding Corp. [NYSE: VNCE], announces the opening of its first London retail store location, along with the opening of a new Fifth Avenue flagship in midtown Manhattan. The London store, located in South Kensin...
Read the whole news VNCE - Vince Further Advances Global Retail Strategy With New Store Openings in London and New York City
Reverse Splits are almost always a pisser,
but occasionally things turn out alright.
This stock might be one of them. Are some
tricky observations though. Look at RSI
vs. pattern of share distribution. This
also needs some volume, more liquidity,
one to keep an eye one though at this
price
Merry Christ-mas
Briboy
Vince Holding completes reverse stock split
Vince Holding completed its 1-for-10 reverse stock split and now trades on a split-adjusted basis.
The number of authorized shares of common stock has been reduced to 100M.
32 million plus in insider buying including 8mill plus by CEO wonder what they know, back to 5-8 soon.
* * $VNCE Video Chart 09-13-17 * *
Link to Video - click here to watch the technical chart video
Ok, I have to decide by Monday and would need to free up some cash if I decide to do it. No matter how we look at it it is diluting and possible they announce a R/S after the fact as to keep up with listing requirements.
If that's the case, then you are correct when you say that it's no deal. I'm going to request a clarification and I'll let you know.
I read it differently, It says each right allows you to buy 1.3475 shares @ .45 per whole share. Example, I have 4000 shares they gave me 4000 rights which I can purchase 4000 x 1.3475 =5390 shares. This is how I understand it.
Ok, you receive 1.3475 shares for each share you buy at .45.
Maybe I misread offer. I will have to go back to and read, but I thought the shares held back were to provide two extra shares for every three you purchased at MV, whatever that might be. Basically 5 shares for the price of three.
I don't see the 38% discount. I thought VNCE had a plan to get the share price above $1.00 but until that happens I am very hesitant to purchase shares reserved for me at $.45 when I can buy them on the open market for the same price or god forbid if the price drops even lower. If the share price increases by the deadline I might consider it but otherwise it doesn't look like a good deal.
I don't like to publicly express rumors or innuendo but maybe Sun Capital or any other party is holding the share price down so they can have all the un exercised reserved shares for themselves or maybe someone is hoping current shareholders will sell off the shares they own now as well. If I had the ability and some insiders information I might do the same but that might be highly illegal so it's very doubtful it's occurring.
All I can say is that myself and other shareholders are not going to exercise their right to purchase shares when they can purchase them on the open market for the same price. Please tell me if I am not understanding something important about the "rights offering".
Built in discount of about 38% on any shares purchased up to your shares owned on date of record. If you believe they will rebound and you are willing to double down, it's a pretty sweet deal. I'm buying my limit.
What is the consensuses on the "rights offering?
* * $VNCE Video Chart 07-10-17 * *
Link to Video - click here to watch the technical chart video
* * $VNCE Video Chart 07-07-17 * *
Link to Video - click here to watch the technical chart video
Buying any this pos scam shares above $0.28 implies the Huge Risks which might lead to 100% Principal Losses when the expected Bankruptcy finally kicks in...
The Current bottom $0.28 will be tested very soon... Sell this pos scam ASAP before VNCE files the CH7 or CH11 bankruptcy...
Looking for a retest of .60-.65 by end of next week.... Looks like someone is holding VNCE around .50 to load up.... I know I'm adding at these levels.... ;)
GLTY
MIKAL
Plus upside volume is starting to expand again. $VNCE is up 25% from yesterday's LOD. Bullish. Now it looks like those 22% shorts are working hard to keep this from a Psar-flip on the day. That's fine by me...as it gives us one last day to grab a few 'low hanging fruit' before that flip...which appears on track to hit tomorrow.
Def worth accumulating here. That chart is awesome! With a nice gap that needs to be filled too.
Yup volume picking up.... got in for 10k at 0.59 earlier
Feeling the squeeze as I watch the volume spigot open here.
$VNCE
Need that fill lol
Bouncing....$1.40 gap fill!!
$VNCE
spi 2.0? compare the 2 charts, same sort of movement yesterday with spi too.
Gonna hold here. Nice volume spike & accumulation today.
* * $VNCE Video Chart 05-19-17 * *
Link to Video - click here to watch the technical chart video
Another New low $0.28 was created! The CH11 or CH7 Bankruptcy will be filed in the coming days/weeks since the pos scam is currently 100% Worthless --- Very Negative Book Value and Giant Losses...
* * $VNCE Video Chart 05-02-17 * *
Link to Video - click here to watch the technical chart video
Another New low $0.32 just hit so far! The CH11 or even CH7 Bankruptcy will kick in very very soon since the pos scam is completely worthless now --- Very Negative BV...
Unfortunately the Book Value of VNCE has decreased to NEGATIVE -$0.28 a share from the last quarter's Positive +$3.00 a share! Which means VNCE is worthless now and the bankruptcy seems the only way to go in the coming days/weeks...
IMO some of those 10 cent millionaire shorters will be standing in the soup line after next weeks action here. I know I'm gonna have some fun!
New low $0.55 so far! What a pos scam! Horrible 10-Q report! VNCE is heading onto the CH11 or even CH7 bankruptcy! Sell ASAP before it breaks down the current 52-week low $0.55...
Fortunately I sold all my VNCE shares at $1.40 ~ $1.45 yesterday!
Good luck to you.
VNCE
What are the evidence did you see for VNCE to file the Bankruptcy protection? Did all the most recent buyers (who pushed the price from $0.95 to $1.35 or 42.11% Huge and Quick bounce) miss any fatal thing which was only seen by you? TIA!
Anyway the common sense tells me: if the bankruptcy will kick in very soon VNCE would not surge 42.11% before very bad 10-K report since the 10-K is the Key to decide where the price will go!
1,000 shares bought at $1.30 in the Pre-Market Hours of this week! Today or tomorrow we should see $1.30 or even $1.35 ~ $1.40 again. Keep in mind: just a few weeks ago VNCE ever hit $2.10 Twice!
VNCE is a new victim of Huge Shorting Activities (28.283% of shorted float as of 03/31/2017 alone) by those very greedy MMs and Shorters!
Once VNCE breaks up the most recent high $1.70 an Huge Shorting Squeezing will kick in immediately...
Anyway the current bottom $0.95 will be the forever bottom even the 10-K is extremely disappointed to all the investors! VNCE is Hyper Undervalued now! It was Hyper Oversold since it broke down $3.31...
LOL, did you ever see a "near bankruptcy" stock which is trading at near $60M MV (last week the MV was $62M at $1.25) while its total debt is only $50.74M? Not mention the $20.8M huge cash on hand and total $148.3M huge net asset! IMO, the price decline from $1.30 to $0.95 was 100% due to those greedy shorter's heavy shorting activities... This week's 10-K report will prove what I said here!
Here are the reasons why the 10-K will be filed late --- see the first link below.
Also the company Entry into a Material Definitive Agreement with BOA --- see the second link below.
Again, there is no way for a company with such strong balance sheet "near bankruptcy", LOL!
Yes, VNCE broke down $1.00 and hit the new low $0.95 due to huge shorting activities...
Anyway total 5,898,400 shares were shorted as of 03/31/2017 while the entire float is only 20,855,200 shares!
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11996726
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11996727