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someone picking off some shares $10000 in last few minutes
May get back in if this hits 004s. still thin both ways.
I'm here because I believe in Kevin Harrington and that this is not like other OTC. IDK, we need to see action on the part of Rick Jordan and get this moving. Why are we waiting to change the ticker?
Offering price: $3.13 for 1 share and 1 free trading warrant.
Day before NASDAQ PPS $5.83.
Day 1 NASDAQ $2.83.
Currently $0.14
And… there was a 1-40 reverse split last year… so compared to that $5.83, it’s trading at $0.0035
I am just here for the pump that would work for me.
What was the share price the day before it uplisted to Nasdaq?
That was the typical hype of an OTC pump. It later crashed from that value, then they did a RS/offering/uplist. The stock price crashed first day on NASDAQ and now sits at 15 cents even after another RS.
$VERB / $FUSZ ran from .10 to 3.00 (30x) at one point before uplisting from OTC to Nasdaq.
You really should find another company to use as an example. That one screwed over the shareholders who held through that uplisting, and it has tanked 99% since. This one is losing money, and the holders of its preferred shares apparently hold all the marbles (ie - not the common shareholders) with the conversion features.
I figured that is what you meant, but there is always folks with little trading experience reading these boards. So the point of my post was to get you to spell out exactly what you meant by your post. I could easily see folks telling others, that they do not allow shorting of YCRM. Thanks
$VERB / $FUSZ uplisted from OTC to Nasdaq with 0 revenues in 2019 and an identical Equity Financing Agreement with a no shorting provision from Kodiak Capital.
More fundamentals-driven market today, and ReachOut has the financials to back an uplisting with institutional sponsorship and an identical Equity Financing Agreement with a no shorting provision.
ReachOut is valued at 10x P/S ratio.
At $13.7 M revenue currently, ReachOut’s valuation is $137 M.
$137 MC is ~ .40 SP
.40 with 10:1 RS will meet $4 SP minimum requirement for Nasdaq.
EXHIBIT A
FORM OF PUT NOTICE
TO: SOUTHRIDGE PARTNERS II LP
We refer to the Equity Purchase Agreement dated _______________, 2016 (the “Agreement”) entered into by CARDAX, INC. (the “Company”) and you. Capitalized terms defined in the Agreement shall, unless otherwise defined, have the same meaning when used herein.
We hereby:
1. Give you notice that we require you to purchase $_________ (the “Investment Amount”) in Put Shares;
2. Determine the Floor Price for this Put, as defined in the Agreement, to be $___________; and
3. Certify that, as of the date hereof, to the best of our knowledge, the conditions set forth in Section 7.2 of the Agreement are satisfied.
Date: _____________, 20__
CARDAX, INC.
By:
Name: David G. Watumull
Title: Chief Executive Officer
"According to the terms of the Equity Financing Agreement, neither TRILLIUM nor any affiliate of TRILLIUM acting on its behalf or pursuant to any understanding with it will execute any short sales during the term of this offering."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1624517/000182912624001952/yuenglingsice_8k.htm
"The Purchase Agreement also contains a 'no shorting' provision."
When I get some extra time, I'll have to read up on that, to see how in the world they think they can control what Brokers do with the shares they own.
That has got to be some kind of new trick?
Perhaps it's the SEC delinquent sign? Or maybe it's the shell status sign? Could be the Grace Period sign? That is 3 strikes against the company deterring buyers..... maybe it's the filings already presented? Could be they haven't changed the name and ticker? Maybe it's the revised S-1 that can cut loose those shares as of the date filed? There are many reasons not to put more money here.....not to be negative but those are facts currently. Maybe that will change within the week.
Yes and they all made deals with Aegis Capital corp. and lost 90% of their value since.This is heading in the same direction,dilution and more dilution.Never ends well for the shareholders.Good luck and good trading.
Then why is no one buying?
$VERB / $FUSZ the OTC to Nasdaq uplist filed an Equity Purchase Agreement with identical terms:
"The Purchase Agreement also contains a 'no shorting' provision."
https://finance.yahoo.com/news/nfusz-inc-fusz-files-form-221803464.html
Very rare to find a "Put Shares" Equity Financing Agreement S-1 with a no shorting provision.
https://www.sec.gov/edgar/search/#/q=%2522Put%2520Shares%2522%2520%2522will%2520execute%2520any%2520short%2520sales%2520during%2520the%2520term%2520of%2520this%2520offering.%2522&dateRange=custom&category=custom&startdt=2001-05-01&enddt=2024-05-04&forms=S-1&sort=desc
Rick doesn’t care if it would. Rick will says it’s out of our hands/control. Bull shzt.
Will ycrm go expert market in a week? The clock is running.....
Some kind of update would be nice to keep this from continuing to be walked down.
This is super tight. Can/will move huge with any significant volume. Only question is when will it come.
lol it can be to some...
In the OTC arena, one day is like a thousand years.
Well said…, because honestly I don’t believe they’ll have a chance to chase this one~ once the news is dropped like on a Friday and PR’d to move by trillium :) Thus is like the quiet before the storm imo~ best wishes to all!
This is one of my remaining ones I'm invested in as well. I've got time so I'm willing to wait it out over the next few years. While I do have a 7 figure position, I don't have a lot of $ in it because I bought in so early. If it comes to fruition, it'll be like winning the lottery for me though. I do like the fact that they are an operating business currently, has staff, generating revenue and acquiring companies in the same industry. That's why I'm here. If this Rick and his folks do the items necessary and also move to one of the big boards, it could be well worth it in time. Again I think it's going to take a few years.
It is a different beast down here!
This is the last of the OTC for me. I'm invested in one other and will no doubt take a loss. I try to follow some of the conversations on this board but I just don't know enough and don't have the time to learn. When I retired on $YCRM, I'll have more time to learn. 😆😉😜
That is me. I've been burned on the OTC too many times so I jumped out. Wish we would have held 8s but it is what it is.
Still watching this ticker and will maybe jump back in even if I have to chase...
The OTC investor is a fickled one and can be swayed easily. Hold fast :) No worries.
Totally agree!!! I'm not a fan of the fear some of the participants like to instill on the rest of us. RJ and KH won't risk their reputation.
What a shame. Pretty much a sells today
At least I’m not talking about a RS.
Yep- totally agree - bad Karma to bad mouth your own stock !!
If you don't like YRCM, sell your shares. Plenty of people here that'll take them off your hands...and one less thing you have to complain about.
Bought this but I should’ve bought SPZI & made money. When I bought YCRM, SPZI was .005 or .006 cents. I could have doubled my money. Always making a wrong decision. Hopefully I can on May 15th.
What kind of SEC filing(s) are we waiting for in this 15 days Grace Period to avoid $YCRM going into EXPERT MARKET by or after 5/15? Is it the Attorney Letter or Q filing for period 3/31/24 or both or something else...???
The Trillium note dilution is a non event compared to the preferred shares convertible that Rick and company have at their disposal.
Trillium’s two notes mature on May 31, 2025 - still a year away.
If anyone could cite an example of a Trillium note in which they converted before maturity without stating explicitly in any filings would be great.
If the fear of Trillium dilution is deterring buyers right now, and it ends up not happening until after May 31, 2025, potential buyers may have missed out on huge gains in the interim!
Trillium pumps everything else all over the place yet is suspiciously silent on this and only this… way too sus.
Not even a paid promo with a Twitter influencer or iHub poster.
Only the pumps and dumps everyone hears about… when it’s legitimate they don’t want too much retail in it controlling and locking the float especially while on the ground floor!
5 things that make this different from any other Trillium deal:
(i) Notes > 1 year to maturity
(ii) Notes with no early conversion before maturity
(iii) No other lenders
(iv) S-1 Equity Financing Agreement filed with “no shorting” provision
(v) No paid promo
They spell out part of it in the the filings... that's 1b shares with a B.
I acknowledge the combined entity, as it was after acquisition, shows that revenue the last 3 months of 2023, trailing 12 month combined with YCRM. Because that's how the 8k presents.
That’s what I thought
It probably the truth but you’re keeping the PPS whenever you mention it. Tomorrow we probably see .005’s.
https://finance.yahoo.com/news/nfusz-inc-fusz-files-form-221803464.html
$VERB / $FUSZ the OTC to Nasdaq uplist that filed an Equity Purchase Agreement with identical terms:
"The Purchase Agreement also contains a 'no shorting' provision."
https://finance.yahoo.com/news/nfusz-inc-fusz-files-form-221803464.html
"According to the terms of the Equity Financing Agreement, neither TRILLIUM nor any affiliate of TRILLIUM acting on its behalf or pursuant to any understanding with it will execute any short sales during the term of this offering."
https://www.sec.gov/edgar/search/#yuenglings_s1a.htm
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