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Yup. Time to start spreading the word about this low float.
Time to load is now. "D" was dropped and we will smoke $3.50 w Filings and PR... Should be pretty close to coming. Low Float!
Cool. I wonder when news will hit ?
Hope you guys get a strong run here. I am in one of David’s other plays and have been watching close here.
I am encouraged that someone seems to buying quietly. It could very well be that they are putting off filings until they secure more shares. I just don't know.
Thank you. Maybe they are trying to scoop up as many shares as possible from the open market. The DD points to significant assets. Which in my opinion doubles the value of the stock at a minimum.
According to the Daily List, they have been okay'd for flag removal since January 11th. I believe it is in the company's ballpark.
Should see the D come down next week.
Maybe the company is waiting for something? We shall see. Good to know someone is trying to gently grab shares. This will fly fast when the time comes.
27 shares paint job on some brokers. TD still shows 2.22.
But good accumulation day.
Shares are scarce.
Still waiting on the D to come off to spread the word.
More eyes the better
I really hope when news hits, a pump group finds our low float and runs us to $20-30+. Like hmny* or Gevo after RS*.
Actually I think this weekend I’ll start spamming teah in some of the low float runners last year. I am sure someone will add it to their list.
Now that the D is gone. Promotions can begin! Hehe
Well Finra effective date was 12/24. So you count from there. But your right I do see most sites say “20 trading days.”
But it always felt sooner to me so I assumed it was 20 calendar days.
If we count only trading days. I believe today would be the 13th day.
According to my chart, the split happened on Dec 28th. There were also several holidays. Are we supposed to count from the announcement?
No this is the 19th day if we count 24th as the 1st day. As RS effective day was 12/24. So it’s almost 20 days.
So...maybe next week we truly see what our company is about. Seems they aren't messing around with their timeline.
Cleared that process. Thx.
Yes! Also means filings right around the corner. Should see 30+ mil in assets... we shall see $$$$
Does that mean we loose the D?
My guess too. I had read that Ds usually come off 20 trading days after a split. That would have been Jan 29th. I guess the key word is "USUALLY". I believe this is the 8th trading day. I am just trying to learn for the future .
It prolly won’t take effect until Monday
I realize that. The date is today though. Maybe after hours? "D" is still here.
Just means the D is coming off the ticker. Back to TEAH!
Daily list says flag removed today?
http://otce.finra.org/DailyList
I would say yes to both your questions. Time will tell here mate hoping for the best for all investors here.
I am not sure how this works, but couldn't this mean that the company they are merging with is worth more than $30 million? Wouldn't we see the pps crash otherwise?TIA
Sure np. 10K dumped today based on fear.
If the float stays the same. Someone got a good deal.
I believe it will just because this company seems bigger than we probably expect.
So as long as their goal is to uplist on nasdaq at $4 or so.
Then they will not want to dilute on the open market.
That’s what’s working in our favor over the normal OTC strategy of RS and dilute like crazy.
And the dilution only being restricted seems to be a good sign they want to avoid dropping the share price.
Yes, filings will help clear things up. Waiting it out...
OS after reverse split was just under 1M.
Roughly 18M/20 = 900k. Then add 100M dilution. As OS is now 100,758,000.
One silver lining here. They didn’t dilute on the open market. As they probably still want to uplist to nasdaq.
So hopefully they got financing elsewhere by giving out 100M shares.
If float still stays low. We should be ok.
And maybe there revenues are much bigger than 30M we estimate.
Still worth a hold to find out what filings show.
THANK you! That is how I read it also. I just thought the spread was tightening.
Sheesh...always someone trying to scare me
Yes, still a small float. Unfortunately I think we may see some downward price pressure, at least in the short term...
How is that true, if the shares are restricted.
Unrestricted shares are still only 134,627.
That sucks. But not surprised at all.
Who does an RS on an 18M OS if the goal wasn’t to dilute more.
Pretty much expected this.
Though 100M is a lot, but luckily only restricted.
Float is still quite small.
But yeah the market cap is not as attractive now. But when do stocks on otc actually trade their market cap.
Often they trade way higher than they are worth.
Yes, that is true.
Look at the bright side. It's more liquid and tradable.
I am not feeling "worry free" anymore - especially since that bid support at 1.80 disappeared.
The shares outstanding is now over 100m! That makes the current market cap $200m they just diluted 100m shares after an R/S....
I think the "D" went on 12/28? Twenty trading days would make it Jan 29th, I think. I am not sure if that is in stone. I assume they would file after the "D", or does it matter?
I am still holding. Hopefully they'll provide filings or news soon.
Hm. Well, it did make someone sell today. I still see a lot of potential.
I don't recall what it was previously. About 100k now per OTC Markets.
They doubled the OS?
There is large bid support at 1.80. With the right news, could still make a strong move up from here.
Yeah saw that suddenly the dilution has made this very expensive with a $200m market cap. Very disappointing from my perspective they screwed us over
Share structure updated on OTC Markets, as of 1/8/19
Authorized Shares 200,000,000 01/08/2019
Outstanding Shares 100,758,000 01/08/2019
Restricted 100,623,373 01/08/2019
Unrestricted 134,627 01/08/2019
https://www.otcmarkets.com/stock/TEAHD/security
The "D" should be dropping soon as well.
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