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Are kids still expecting a run-up before 554 million shares get dumped in on October 3rd? I noticed the sticky isn't up there anymore
Nice volume...this shit's about as popular as rug burn.
It seems like a million years ago the pps was 8 cents...I would roll my eyes, mumble something about dead money and short interest, and wonder what to do if we were still 8 cents by new year's. Now I'd kill to get 8s again.
It's hard to determine true value when the shareholder sentiment is so high. Maybe we don't deserve to be at current pps given sales projections for the year, but it's not literally "x million in sales for the year = y share price".
For example, would you think a company that has been building cars and trucks for what, 100 years would be worth less than $10? That's where Ford is. Would you think McDonald's by comparison, with their inexpensive and some would say low quality food, would be close to $200?
Plus throw in the fact that we're in the wild wild west OTC and all bets are off even moreso.
And another thing...when I first took a position, I must admit that the product was a little sketchy. It lets you click a tag so you can skip an easy step to contact someone, purchase a product, get more info etc? According to Rory a high percentage of people lose interest with that one step? Do you think if I wanted a certain brand of car or to purchase season tickets or make an appointment with someone, I would lose my train of thought by alt-tabbing, whipping out my phone or manually opening a new tab and typing a rough description into the browser, to the point where I'd shrug my shoulders and figure it wasn't worth the hassle? I distinctly remember thinking "that's it?"
@post-uplist investors and undecideds: run away. This egomaniacal road to nasdaq is paved with the bones of the OTC longs, and a leopard never changes its spots. The CEO made his fortune as a NYC attorney, the type of person who would screw you over with a smile on his face and make you feel good about it to boot.
Nice $32k buy, 245k @ .1305
Closed my position today. Fellow longs, GL on recouping losses or maybe even seeing profits. For newcomers, best of luck.
Customary adjustment refers to anti-dilution measures. The only bad thing that can happen with the warrants is the stock never reaching the strike price.
Those $2.00's are an illusion, this is the low for the day. Buy em.
Wow, warrant sales came close to matching share sales Friday. People are bullish on Verb's future as they should be! I tried to buy some warrants Thursday for the supposed bid price of $.70 but they were evidently an illusion, like the tunnel the Road Runner painted on the side of a mountain for Wile E Coyote to slam into. Not a single person got that price all day.
In a pig's eye. I have my limit order in for $2 on the nose today, expect to fill it during power hour when they shake down a bit to pick up some volume. Otherwise I'll buy tomorrow on dump-day.
Technically, a cult stock is one where people blindly hurl their money without doing any DD, which if they did would show that the investment wasn't overly promising. Our DD on the other hand shows how bright this company's future is, regardless of whether people are actually doing it.
Are you all still buying shares vs warrants? I've noticed that for the last couple of days, the warrant volume outpaced the shares for the first 1.5-2 hours, and the ratio of shares to warrants sold is much closer.
The only logical reason for choosing shares atm seems to be, if you don't believe the stock will best the strike price. But if you don't believe that, why are you even buying the stock? I don't think anyone is here for less than a multibag. Doubt any long would sell at say, 3 bucks for 50% profit.
It's in reference to anti-dilution provisions that are in place to protect your investment.
Regardless of the success or failure of this stock, this statement SHOULD be valid. Do your own DD. Nothing on this site below the "news" section should be considered. Institutional investors' track record of beating the market is 8%. That's educated, experienced people wearing Armani and driving expensive cars (or being driven) to posh offices in ivory towers, commanding huge salaries all for guessing. If you can't listen to them, why listen to some braying jackasses hiding behind a clever avatar? (myself included)
I'm still here because of Rory's and his team's past respective successes and the big names they're in bed with. And because nothing, including anything I ever buy with the eventual profits from verb, is better than being right, especially when you're in the minority.
Today would be a great day to load em up. This stock won't finish below $2, not today not ever. It may annoyingly float up and down a bit like a mini AMD until solid revenue is proven, but if it were going to free fall it already would have.
I don't know how legit and mainstream I'd consider yahoo finance to be but today's article really slapped us around. Reminds me of when seeking alpha briefly covered our uplisting by pointing out the lack of revenue (albeit that was before the sound concepts acquisition and a lot of PRs that have since dropped)
https://finance.yahoo.com/news/imagine-verb-technology-companys-nasdaq-173154463.html
Buy when blood is running in the streets, buy when the masses are confused but you have a plan. Would love to see this briefly dip below the $2 support so I can get max value for my dry powder.
warrant bid $.66 talk about a bargain. If I were a whale I'd glarp all that down.
Man I hope so, shipment of dry powder arriving thursday, all for verb.
I worked up this pro vs con list for warrants the other day:
Pro:
Potential for more profit
Con:
Stock may not reach strike price (if you believe this you shouldn't even be here, but just putting it out there)
May expire on you (you're in prison or a coma, stranger things have happened)
Unsure about what happens to them in a forward split (maybe somebody could enlighten me on that)
Need to pony up strike price to cash in (unless cashless type)
Additional fees to exercise
The best prices on them are already history and unlikely to return
Anyway, change my mind!
Any thoughts on how a forward split would affect warrants? I've tried to research this on my own to no avail. Ty.
Hopefully that was clayrapist's short. Buy em imo.
If you plan on buying tomorrow please wait for the Short. Thank you.
I've really been deliberating on stocks vs warrants, and was decided on warrants for a few reasons. The most logical is that I'm bullish on the stock and see it easily besting the strike price. A couple other reasons that don't necessarily equate to making more money are, I personally enjoy choosing what's unpopular and then waving it in people's faces when it turned out to be correct; and at the end of our market careers it would be good to say that we tried a bit of everything: long plays, shorts, stock options, various sectors, bubbles, big board stocks, CE/pink long-shots and yes, warrants.
This is my latest argument for the stock: yes I'm bullish but also a realist. Suppose this stock just goes through the floorboards to about a buck. So you load up the boat and average down to $1. It picks up some and stalls around $3 and you say screw it. To hell with my original target of a $50-150 multibag, I'm cashing out my triple and taking it over to something stable like Apple Walmart Mcdonald's etc.
idk...
Warrants doing well this morning, about 7500 sold. That's 1 for every 2 shares sold atm. Lately the shares have been outselling about 10:1. People are bullish on verb, as well they should be.
Man look at that volume. Makes me want to invest in tumbleweeds. Remember that famguy episode? "Yall laughed at me...yall laughed at me!"
BS paintjob close. We were briefly green in the last 60 seconds with a big pile of 2.43s on the ask and 2.41s on the bid. Don't be demoralized.
But like the one guy pointed out, okay suppose all you have to your name is these warrants. You have nothing to sell, no dry powder, no equity, no income, bad credit, just worst case scenario. So scrape up a small amount of cash to exercise as many as you can and then exercise the rest with the profits from the initial transaction. Right?
Hope you're right so I can back the truck up and load em up. Gimmie gimmie gimmie like the cookie monster.
I hope you're right...at this rate this stock will be out of my price range before my next shipment of dry powder arrives. By all means pump the brakes. Re-test $2 support.
Makes sense, ty.
Thanks. Yes a person could do much better for themselves with the warrants, the only catch being that (as stated earlier in another post) he would have to pony up the strike price. If he has nothing to sell, no equity, less than favorable credit and no liquid assets it seems like he'd be stuck. Not sure if a bank would work with you on a short-term loan in that scenario. This is assuming the worst, like all you have to your name is the warrants. Kind of negative thinking on my part.
I know this isn't the place to ask and only semi-topical since warrants are being discussed but I don't see the point of choosing the warrant over the stock, unless you feel that you'll be in a better financial position in the future when the time comes to exercise the warrant, than you are now.
Suppose you feel this stock will hit $50. So tomorrow you can buy a pile of stock at say, $2.50, or the warrant for say, $.90. When the stock hits $50 down the road, those who bought the stock will pocket $47.50 per share if they choose to sell, whereas the warrant purchaser will pocket $50.00 minus $.90 minus the strike price. Considerably less profit than owning the stock outright.
It seems like you're buying a reservation to purchase the stock down the road for ultimately less profit, so if you have the dry powder now, you should just buy the stock, but if you don't have it now but foresee having it down the road, the warrant gets your foot in the door.
I'm probably coming off ignorant but I can't find a properly worded explanation anywhere online. TIA.
Stock outsold warrants 20:1 today, probably similar ratio yesterday. Curious to know why. Assuming a mix of: unaware the warrants exist, don't know/care how they work, being a sheep and buying the more-popular stock, lack of faith or attention span to view this as the long play it is...That being said I haven't bought any warrants even though I'm long. I guess my official reason is, head was spinning after uplist crash while more grounded people grabbed them when they were super cheap. Just recently decided to add more stock.
Trading volume has literally increased tenfold for the last two days and gains have been significant. I truly envy any sideliners who decided to jump in when I called the bottom at $2 last Friday (see below). Grats guys, you pretty much summoned a one-time-use-only time machine to go back and buy apple amazon monster etc before it exploded!
Man I really hope you're right because I'm out of dry powder until next Thursday. By then this stock might be out of my price range.
Bah, damn my newfound sense of discipline as I hold powder over the weekend, even with the bottom in as pontificated my myself, and sit here mouth agape as we blast off...anyone switching to warrants?
Got an order in for $2. Short this please :)