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Funny how SINT can drop .10 on only 50,000 shares but it will take around 10 million to move it up .10.
Sonny has already spent $240 million in trying to deliver the goods. So far nothing in return. In spite of all this, I am still hoping. If it happens it will have to be through companies with proven distribution capabilities.
Anyone watch Grey's Anatomy tonight? About a knee replacement that became toxic.
If I interpret the new S-1 correctly,Sint's rights offering was over subscribed. They had to go in and get approval to sell more rights. If warrants are exercised, the company will have raised over $20 million. Did I interpret this correctly? Is so, that would sound very bullish to me.
You are correct $2.80.
After hours trading reached $3.00.
What are you saying? Is SINT REGISTERED OR NOT?
$2.93 after market.
What is Steven Chao's MD connection to Sint? Ownes 13+ % of Sint.
High of $2.40 in pre-market.
Currently $1.73 in after hours trading. Good opportunity for you shorties.
How about up .17?
If up .14 cents did not scare you how about .16 on large volume?
Shorties! When the stock jumped 14 cents in a few minutes for no reason did it make your hearts skip a beat?
You have said your goodbyes about 5 or 6 times now. What does goodbye mean to you?
Up .0325 in preopening for reasons unknown to me.
Some just sold at .34 after market.
Close at .32
I also noticed the after market activity which indicated something positive might be coming. However, I have noticed it before and nothing happened. Would be nice.
Why wouldnt AMDA take about $2 million of its cash to buy back about 7 million of its shares? At least show us it will support the stock.
I wonder if CL still thinks a merger with Zimmer is a 99% certainty. Looks now like a 99% certainty of no merger with Zimmer. Will be interesting to read CLs next post.
Five straight days with a quick drop at closing. Not warranted based on bid and asked at time of closing. The manipulation is really getting old. If there is ever a Merger, those who have held through all of this BS, will definitely be entitled to some kind of windfall.
Pre market trade of .85.
Nice thought.
So far, they are having a hard time holding price down this morning.
When is the 40th trading day after the last closed offering? By my calculation it would be July 9. Is that correct? If so, the 4 days after July 9 should determine the conversion price. Correct?
Drum roll. 2 minutes until show time.
Yes, what is his expectation that conversion price will be?
I just cannot understand how we can have such a large volume of trades day after day with only 5 million shares outstanding. Someone should write a book on how a stock can be manipulated and use AMDA as the subject.
Sadly, I have to agree with you.
If it is so obvious, what is the highest possible conversion price?
I do not thing conversion price is set. It is tied to future market prices. If those share prices rise significantly due to a merger, the conversion price of the preferred shares also significantly increases.
What would happen to the conversion price of the new offering if, let's say, someone bought out AMDA in the next 30 days for $80 a share. Would the holders of the preferred shares have a vote in the merger? How many shares could the preferred shares vote, $12,500,000 / $80 = 156,250 shares? It could happen and put an end to the toxic dilution in price and shares. Who has the answer?
Set to open at about $1.90. Sad
I heard from my broker that the S-1 is effective tomorrow. And, Maxim has it all sold out to institutions. Can anyone collaborate?
Looks like trading has been halted after about 900,000 shared traded. Last trade about $1.85.
Did you ever notice how it takes 20,000 to 30,000 shares of buying to push the price up 1c but only 100 to 200 shares of perceived selling to bring the price down 1 to 2 cents.
Even though the last bid at close was $1.33, they managed to show the last trade of day at $1.30. There should be some law against such manipulation.
Every one has there theories why the share price has risen significantly 3 or 4 times the last month or two on large volume only to have the price immediately fall back on small volume. Here is my take. Every time there is an impending announcement of a merger, the insiders rush out and buy like crazy and push up the stock price. The parties to the merger do not want to announce merger after a big run for fears of being accused on insider trading before merger. So, the announcement of merger is delayed and price falls back. If there is a merger expect it to happen a few days after light volume.