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This is great news. Glad to see the acquisition was not one of their own companies. The statement about increasing AS is unfortunate, but necessary. As they stated, hoping for the increased revenues to outweigh the increased AS.
"A rise in the company's authorized share capital will be undertaken to accommodate the transaction, which the Company more than expects to be outweighed by increased revenues in the coming weeks."
Yes, it is VERY common. When a stock offering is listed, it must include what the money will be used for. Rarely, you will see something like acquisition listed as the reason. Most of the time, it will state "day to day operations" as the reason. This could be anything from paying the employees, adding equipment or contracts to increase production, acquisitions, etc. "Day to day operations" is just the general term used with most of the filings.
Everyone likes to say Citadel (CDEL) always shows up when the stock is being diluted/dumped.
Picked up another million shares on the dip. Too many people on here whining due to bad timing. This stock is up well over 300% this year. Sure, it is down 70% from a spike where many bought in, but you can't be mad at bad timing. The company has the exact same fundamentals you bought in for. They have released an ER that looks much better than most on the OTC. Some people had unrealistic expectations from the ER and now they are upset because they did not get the spike they were 'hoping' for. HOPE IS NOT A STRATEGY!
Nice increase today in anticipation of the ER. Looking for to an after hours reporting followed by 2-3 day run.
great day to buy. I have added 400K today at .005 and below.
Bought in this morning for 30K shares at .016.
good slow, steady climb here. Looking good with no news and no attention.
I was able to pick up another 200K at .0051. It was a quick BOGO sell this morning. Nothing to worry about here, this one is going back up soon.
I agree 100%. We do not need any pumping, etc. Just slow steady growth would be great.
adding another 10K at .16. Hoping this is a bit of a dip for today and then back to climbing.
Testing resistance at .17 a couple times already today.
Continuing a good run. This one is looking interesting.
Thanks BillionsMatter, I started some DD last night and got in this morning at open for .13, bought some more at .14.
Took a position here at 1.40. Watching for any movement.
took a position here at 3.85. Watching to see if this has any action.
Took a position at 1.68. Watching to see where this one goes.
took an initial position here today...watching to see what is happening.
I am hoping for crickets for another 2 months or so while the price slowly increases and builds a strong base. Afterwards, an announcement on breaking ground in Brentwood to send the price up 5-10x would be great.
The only better news would be that the company has spent the past several months buying back shares.
Definitely getting a good push today.
Taking a position here to see how this one goes. GLTA.
That is a good looking chart. Even the daily lows are staying above .003. Thanks for the chart.
Still sitting here and waiting on the next run. I have been here since Jan 2017 (.0005). Sold some in May/June 2018 and then started buying more at .005 as it dropped back down. I have been sitting with ~7MIL shares waiting on the next run up. Hopefully, this is just the start of a run to silver we have all been waiting for. Good luck to all.
I believe we will see "Green" getting a lot of attention with the new administration. Everything from electric cars, hydrogen fuel cells, charging infrastructure, construction, etc. Any/all of them should be a good bet.
Agreed. Good to see the action yesterday. Hoping it is maintained/increased over the next couple weeks.
I have been sitting on 7MIL shares for over 2 years. I welcome you to come anywhere close to the support I have provide this company.
Agreed. 11Mil+ shares today at .0029/.0030 with 87K+ at .0031. While it would be great to see more bid support, it is nice to see large buys that are not due to someone dumping. It seems to be holding .0030 nicely and as you mentioned, resistance above this level seems to be weakening. Looking forward to a good LIGA year.
9Mil+ shares sold in 2 mins. Someone has decided to take a large stake.
Volume is currently the same as the funding...3.7Mil.
Not of any particular interest, but I liked the similarity.
12 posts on this board in 2 years and it seems like some people get butt hurt when they hear about someone making a little money. I will go back to watching the conversations and ignoring the annoying people.
Good Luck 12yearplan.
I disagree. I bought 10Mil shares between .0021 and .0044. I sold 3Mil shares at .0123 to get my money out. I have held 7Mil since. I have not averaged up or down. I have an exit strategy for the remaining shares and will not buy or sell until my exit points.
Here's the realistic price I see for this company and why:
1 - the company made ~$500K in March. If we make that the average monthly revenue, the company is making $6Mil annually. I know the revenues will continue to increase and the annual will likely be closer to $10Mil+.
2 - a retail company making ~25% profit on revenues is generally worth 10-12 times revenue.
3 - the company has 2.5Billion shares that could possibly be traded. We know a lot of those shares are locked up, but it is POSSIBLE for them to trade.
So, scenarios could be:
A - $6Mil revenue X 10 = $60Mil / 2.5Billion = .024. This is the low end if you think the company is not going to grow much.
B - $10Mil revenue x 12 = $120Mil / 2.5Billion = .048. This is where I suspect the company will be this year.
c - play with the numbers to come up with whatever price you want to see based on how you think the company will do.
Please feel free to correct me on any of the numbers you believe are not correct. I am not an expert at this, so this is all to the best of my knowledge.
We welcome all levels of STRONG shareholders. I truly hope to see you make a $MIL with your LIGA shares.
I went over 10Mil in early March with an average price of .0034
Today is a good day. Congrats to all who have stuck it out through the highs and lows. #20 on breakout boards = more eyes on #LIGA!!
I started buying this stock on Jan 5, 2017. I am not going anywhere anytime soon. I have been accumulating every time I get a few extra dollars.
Actually, this time it was just someone selling me some shares. I was sitting with 1Mil at .0067. I moved it up to .0068 and waited. Someone finally decided to sell me some in 3 transactions. Thanks to whoever wanted out. This put me at 10Mil.
If you happen to be using Fidelity, try the ActiveTrader Pro app. The webpage has a quantity limit of 9999, but the app has NO limit.
..make that LIGA .0033 up. As of tomorrow, I am officially long on this stock. Looking good and steady.