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Are those shares listed in the 1000s? Because I see 6 zeros as opposed to 9 for their to be a 1B shares reduced. It must because it says reduced from 7,000,000 to 6,000,000.
Typically anything with a “W” at the end of the ticker symbol is indicative of warrants of that company. A warrant is simply the price you pay to purchase those shares at an exercise price that is fixed when those warrants were issued. The price of those warrants will increase once the price of the stock goes beyond the exercised price. Warrants also have an expiration date in which owners have to either sell or agree to purchase the shares at the exercise price. This is my understanding of warrants but to be sure please verify other sources as well on warrants.
How is this still trading in this range at such a low OS? The OS has to be all gone with this trading nearly 14x the OS! This is going to take off in AH!
Very interesting how Shlomo has been tied to the electric car sector and associated with JBZY. Is this guy a scammer? Would love to hear what he has to say about JBZY!
AS not OS will be reduced by 1B. OS stays the same. The OS (outstanding shares) when multiplied by the share price determines market capitalization. Hope this clarifies any confusion based on the last tweet by emergent “…and have submitted to necessary paperwork to reduce the authorized shares of $ETEK by 1 billion shares.”
For now just authorized shares. I never really take too much stock in this number other than the company indicating they don’t expect to issue more shares in the future. Now if they decide to reduce OS (outstanding shares) then this will effect the market cap and has more of a positive effect.
I believe a lot of volume will be coming in considering the 100M shares that exchanged hands last few days and we are only < 20% of that!
Can’t be much longer now…this will be epic. 8M shares volume today essentially wipes away almost 100M in volume losses from Tuesdays closing price! Love it!
Anyone who goes through the trouble of getting a ticker and cleaning it up to the point where it’s value exceeds the costs of cleaning it up will either use it or sell it! We are good either way. They have time and so do those who have held on. Until they make a move the possibilities are endless so let’s see it through!
Looks like ALPS is done !
Or maybe…just maybe something far bigger than the current trends awaits us all! Year of the Tiger! The cat has been sleeping for far too long. It’s time to wake up!
This clean shell and low OS is primed for a sale to a motivated buyer or an entity to merge into and this has tremendous potential to surprise us all! Still plenty of time to be surprised for all of us who still believe. Wouldn’t mind if it’s an up and coming eVTOL like Ehang! Anything is possible at this point!
That’s not retail in my opinion…
Should see a massive bid soon to buy back all this selling volume! It’s the only explanation. No one would sell here when progress is here!
Never mind it looks like the name of the former company before it became eco tek!
I read somewhere in those docs the name of the entity is called Sandalwood Ventures LTD on page 24 & 25 certificate(s). This looks like an investment firm for family offices that invests in AI and blockchain, IOT companies. Potentially…
Their notary was in Westchester County, NY if that means anything! Fairly affluent county. 2nd richest county in NY!
Keeping the faith alive! If I had a ticker that is clean and ready to go I would rather use it or sell it to the highest bidder! This shell is worth something brilliant to the right buyer. Willing it big for the best outcome into the universe!
I stand corrected. So the OS is 5B+! Wow!
The OS is 250M shares and 10% of 250 is 25M so that would be $0.10/share! Show me your math!
So if we are at least a $25M market cap company coming in our share price will be at least $.10. If it’s more than this could potentially be much much more! The big reveal any day now!
We haven’t hit .0040s since November of last year! We are getting close. I can understand now what Emergent’s tweet regarding this trading action we are seeing is normal and not to freak out! Epic indeed!
Ask yourself why would the bids be so stacked if this came down more than 15%? Its to trigger stop losses if any are present and to create the illusion there is a selloff when we know the paperwork is nearly done! Why today of all days? Great sign if you ask me and wouldn’t be surprised if we close in the green +15% or more!
It’s like a big sign that a major move is about to happen…trying to bring it down only to stack the bids higher trying to accumulate as much as they can before the big announcement…it’s been done way too many times. The time is near no doubt! I like manipulation when it acts like this! Don’t sell and you will be happy soon!
When there are games being played like hiding shares which is clear here at $.0037s never ending supply this is about to rip hard! Nearly 3M shares cleared at $0.0037 within the last 25 minutes when only 10K show on L2 ask.
2M shares just bought at $.0037 some churning going on right now!
What kind of company was it if you don’t mind me asking if it was similar to ETEK?
It wouldn’t surprise me to see this start to climb in the last half hour…I think that weekly chart “W” we just formed tells the story!
Are we anticipating something happening any day now? Today perhaps?
Looks like news about Ukraine is going to push markets down and we will continue to climb higher! Great time to continue to accumulate!
Those who want to leave are free to go! These will all get bought up! Can’t erase a successful quarter! $405M in revs!
Today was a great day just like 1/19 if anyone wants a comparison. This consolidated well and will continue to climb much higher.
I don’t care about followers whiz! I just follow the money! As long as that continues everyone is happy! One should learn to trust oneself and not rely upon others. Be more like the sun and reveal what is true and believe in your convictions.
One couldn’t have asked for a perfect storm given the current shipping bottlenecks we are experiencing! Last Q’s revs certainly tell the tale in $$$s. Expect more of the same this year as well!
Wouldn’t be surprised to see it removed once we approach it…whoever has 1M shares will want more after the last Q revs showed $405M! We will not have to smash it! It will disappear just like it appeared out of thin air!
Fake wall! Seen it one too many times…this is going way higher hence the scare tactic to accumulate more. If one has 1M shares already they want more!
Bless your heart! That’s the ticket brother! There is plenty for everyone!
No one is selling according to my algo. I have 0% sells just to reassure you!
Many options for a company that does $1B+ in revenue per year! There is no way this should be under a dollar with an OS of 655M! This will continue to climb over the next few weeks until we arrive above $ levels!
If you have been here for a while we have been seeing ASCM and NITE try to box out buyers to accumulate over the past week! Its the same pattern as this will continue to go higher to a market cap that is near the revenue they will continue to have Q after Q! It’s inevitable!