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What a massive disappointment this is. Not even a PR attempt to stymie the dilution. I’m shocked that there has been no SEC investigation here yet.
In an effort to protect investors from a company, the SEC ends up screwing a large number of investors. Makes sense... Go 'Merca!
I tried to put in my sell order multiple times yesterday afternoon, and etrade kept displaying “invalid order type”. Etrade is the suck.
Agreed. If it gets lifted today, this could be a very positive thing.
I think it was the ICO that put them on their radar. The SEC has been giving special scrutiny on companies that are offering ICOs. Not sure how this will play out.
Interesting. I didn't think TDAmeritrade would even let you short penny stocks. Either way, I agree that it's economically infeasible to do such a thing.
SureTrader and Interactive Brokers allow you to short OTC stocks if that’s what you’re into. Their commissions are higher and Interactive Brokers requires $25k in your account though. I prefer TDAmeritrade strictly for ThinkorSwim.
Premarket ask just backed off from .0042 to .0047. Looks like MMs are marking some room. As I type this, CSTI just backed off their ask to .1042. 10 cents!
If we get a new high today, we'll get a SAR flip. Then we could see some real action as we get more traders' attention.
Nice support at .004. This is setting up nicely for PH today.
Just a little higher for the SAR flip!
Glad we have this low AS of 1,398,999,996, as confirmed by the TA this morning. This is definitely the number of common shares that the company is allowed to have open at any given time, and nothing more. So glad they are also using the normal accounting method that every other company uses for this number.
This upward wedge is almost there...
Truth time: I confirmed this morning that the SS for $PDXP has not changed (I called right at 8 EST and the responder was a bit annoyed lol). The TA is not gagged, and I encourage anyone on here to email info@madisonstocktransfer.com and ask for SS.
The response I got for SS is thus:
PDX PARTNERS share structure:
Shares authorize: 1,398,999,996
Shares outstanding: 543,708,750
Care to back up your claim with any kind of evidence?
Just a quick note about the slow reaction to the amazing PRs. There is a lot of volume that was loaded in the sub-30s over the past few months. Give this some time to churn through those shares. We’re at a major support right now, so anyone selling before a break of this support is just ignorant of the technicals. I don’t think it will, but if it does break the support, then it may be a good time to sell. In the end, it’s all about probabilities and managing your risk properly. GLTA
Ok 1 more post. They were compliant with the 1B AS at the release of the 14A, before the AS increase. They were not compliant on Jan 1, when they had 230M shares, which would have put the total OS after all preferred share exercising over 1B shares. After that, the OS magically inflated to 340 M as of last week. Even that bit of info you posted indicates that they were currently out of compliance at that very moment, and yet were still diluting. Keep going down this line of logic if you want, I’m out, so I don’t care anymore.
Along those lines of logic, they were out of compliance with the SEC even when they authorized a 1B AS, and yet they were still able issue 100M new shares in Jan. I’ll stop posting on here for now until the company does something to restore some shred of investor confidence. GLTY
Please provide a news release or financial statement indicating that is so. The pre 14A released this week indicated a 340 M OS with a 1B AS. That leaves plenty of shares to go before the shareholder meeting.
If you know the assets do not exist, how do you know? What source do you have?
Biggest round of dilution yet is set to trigger the week after next.
Totally agree with this order of events. I’ve only been watching this intently since last Sep, and I can assure anyone on here that they really duped us. They even posted job openings for sales positions across the US for Eqova soon after the acquisition. AS quadruple plus 100 to 250 RS option is a kiss of death, and it flies in the face of everything Patrick’s been touting since he came on. Really disappointed in him and the company. Dirtbags galore.
If they’re concerned about stock price, then they may be looking for a tier upgrade to QB. If they can get this above .01 for a few months, watch to see if they submit audited financials.
Don't listen to anyone who says they know what is going to happen with a stock. In reality, it only takes one investor to break a trend. Just one investor who breaks support or resistance. There is high likelyhood that it will go in a direction based on indicators, but no one really knows for sure. Just my two cents.
The short volume here is just too much to pass up: http://shortvolume.com/. Get ready for a big squeeeeeeze!
Took a starter at .0033. That support is looking really good at .0031 - .0032.
Can one of the mods sticky a post about the new pre14? I want to make sure new people realize what this piece really is.
Yes, that has been my biggest lesson here. These CEOs will lie to your face and wreck your butt. I’d much rather he hadn’t responded to my messages so that I wouldn’t have let my guard down. Lesson learned, my own fault, on to the next trade.
Fair enough. Have fun.
They definitely are not out of shares. They have 650 M shares left to dilute under the current SS, and they have diluted 100M over the last month alone.
I appreciate that they can delay payments, but they have not done that with any of the notes to this point. There’s no reason for me to believe that they will change their behavior now, especially with the upcoming AS increase and planned R/S. GLTY here.
How are you so confident that the $117k in CD due in late Feb is already paid? There have been no updates indicating this.
Ya, that twitter post was from one of my first convos with him. Things are obviously different now. The pre 14 is quite the divergence from then.
Sad day here. I was able to get out earlier in the day on the rise back to .0023. Big loss, but also a valuable lesson for me. Even when you talk with the CEO directly and build confidence through him, he can still screw you hard. His background check came back clean as a whistle, and his former accomplishments are legit. So many signs were in place that made this pig of a company look like a winner. Such a shame. I might get back in when a bottom is formed for the dead cat bounce, but I don't see this going anywhere until they can do something to get investor confidence back. On to the next trade!
VNDM backed off to .006, so they may let this breathe now. PUMA typically backs off after a few slaps.
Seriously? That store looks like straight out of early 2000s. You gotta up your bashing game here man. If you want to scare shareholders out of their shares, you have to do better than that.
Nevermind, it was delayed in getting updated.
American Bulls gave the buy signal FWIW: https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=GRCK
If I had to guess, I would say that the Jan noteholder recouped his investment already, and is using the rest of his shares as a gamble. The T-trades are the trickling of the rest of the shares to lock in extra profits. Just my thoughts.
The longer the PPS stays down here, the more violent the reaction will be as more technical indicators line up, waiting to be triggered on peoples' scanners. We just need that support to hold until then, and the obvious loading is keeping it in place.
Please provide evidence or any kind of backing for this theory