Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If we do not hear anything by mid-June, then I would not expect to see a partnership happening with a $multi-billion company from NYSE they reported. The longest he have was a month, so June 5 is one month if I remember right.
Given that, we have about 2 weeks to see what they or the inked company will say in a PR.
I am also anxious to see this Thursday roll around.
I hope that this company does not get to 1B OS. If so, then I am going to expect a RS if this company is not aquired by another company. And usually a RS is a kiss of death in most cases, especially with companies like this.
Nice to see hardly anyone wanting to sell at these low prices.
Makes me wonder if the only ones actually trading at the MMs since the prices trading are only a dollar to a few dollars difference for the volume in how it is trading.
This is just my opinion, but I think the news that came out on Friday when the price was sitting at .10 is what caused the move up to .14. If it did not come out I think we would have just floated around the .10 level which I think is a good base. Just my opinion.
pennyrobin, I would agree that shares were diluted based upon the 10-Q report with SEC.
I asked more as from what was reported, at least how I was taking the information, is that some of those preferred shares were provided as payment for services. My thought is that maybe the company could not hold any prior binding on those shares being convereted due to what they were being used for in payment. It is only a thought on maybe why it happened, and when Rooney informed you of what he did. Some of those sounds like they were converted before the inquiry on those preferred stocks.
I am not really sure how to look at it over all, but I do not feel it will hurt us much here.
pennyrobin, when did Rooney tell you, as in date, about the convertibles - I did a serach on 'convertibles' and could not find any post from you right off on mentioning it, but sounds familiar; did he mention which convertibles if there are more than one type; could the date he told you have occurred after any convertibles were done?; and let's say if all is true in what Rooney said to you, do you think it is possible that they are selling the company? Thanks
JJSeabrook, It was a sarcastic response.
I do not believe that a chart could have called any such rally as he stated, or reveal when news comes out... hence the sarcastic response.
blacktruck, since "charts are the true reflection"
From what you said below earlier that a chart can reflect when a rally will happen, can you please tell me when the big rally will happen from the partnership announcement? I ask this based on you saying you knew that it would rally today due to what the charts previously showed. The stock rallied exactly when the news came out today. So I am hoping you can tell me when the big rally is to hit. Knowing this will help me keep from worrying too much on when to expect it and how this stock will perform each day.
The new OS Shares is in the 10-Q report that was just released. You can see it located in the sec website filing.
With the closing slightly trickling down at the end of day, I expect to see us dropping back down into the .11s/.10s unless we get new news over the weekend or on Monday morning. There was no interest in this stock at the end, and after the bell some MM made a trade to push it down a hair more.
I am very surprised there was no action just before closing.
I think we had really good news today, at least better then we have had for a while.
I also think that accumulation has been occurring after the run up and then the slight dip. So I could see this go up more in the last 10 minutes in someone trying to accumulate more before closing and next week coming.
Interesting. Shares are trading at .1295, yet the volume never changes from the only exchange selling, even though they are buying (from the asking price) a lot more than what is being offered to sell.
These last 30 minutes should be help lay the ground work for next week.
It would be sweet to see this close at .14 today.
Update: As soon as I posted this, the Asking price just dropped, looking as if someone(s) want to get out before the week ends.
Yes they are getting them for a penny/share.
It agrees with the other information reported.
I personally think this needs to hold at .13, otherwise next week we will be falling back to .10 in my opinion.
If you do any group mentioning here from this board to Rooney, you can freely reference me being in for well over 200k shares.
Would have been nice if the 10 fold, gave us 10 fold return on the pps today.
I was afraid of that, a 37% dilution.
Thanks for confirming.
Now if we can just hold .13 today and not lose any ground we made back and continue to move up. I am worried that if we slip back down then we will keep on that path and go back to .10.
Wish I did not sell all at .10.
Just kidding. Been holding and hoping for a much higher run.
I am holding tall and strong.
I could see selling at .10 or .11 today if you expect it to drop to .05/.06. Double up on shares if it happens is the only reason I can see.
Yes I agree. Just concerned with Positron not coming out with any news that some will look at this as being what they mentioned just over two weeks ago. Knowing the MM they react on what they feel news MAY sound like in their minds.
OK, I thought your comment was saying both partners were run by the same people/personnel.
So both companies are run by the same people if I am understanding what you are saying, and they are just exchanging shares between the two companies?
Billy, I understand what you are saying, but unless something comes out from Positron, I think some traders could take this in some way as the partnership comment Positron was talking about. More so since this PR was just announced in two weeks to a month.
I understand it is not, but looks like a partnership to me.
Sounds like a good question for Mr Rooney on what is happening. Is this the partnership they were talking about? If so, then I think we will see POSC run down to .05-.06.
If I am understanding, we should be expecting more dilution occuring by end of year; and instead of a couple of weeks to a month, we are now looking between two to six months; and financing to push forward emails in growing this company?
I am sure I am misunderstanding what I am reading in this late hour, just past 1 am for me, but none of these sound like good news to me. Please help me understand better. Thanks and good night everyone.
Hoping for an uplifting Friday.
GLTA.
I am curious to see sometime if the company sold some of their shares in order to pay the note off referenced in section 8. Notes Payable. They paid it off just before the stock took it's nose dive.
8. Notes Payable
Notes payable at March 31, 2010 includes $540,000 due the former owners of Dose Shield as partial payment for the acquisition made by the Company in June 2008. The note, which was originally due on December 31, 2008, has been extended for one year with an interest rate of 8%. For the three months ended March 31, 2010, the Company recorded $43,000 interest expense for the note. The Company has paid the entire outstanding balance of the note payable on May 4, 2010.
I am confused on #3 Going Concerns.
They stated "...Through the Company’s joint venture with Neusoft Medical Systems, PET system material cost of goods and labor costs will be significantly lower. The Company expects that these developments will have a positive impact on the sales and service volumes and increased net margins. However, there is no assurance that the Company will be successful in selling new systems ."
They worded this as if they have yet to do a joint venture with Neusoft Medical Systems, yet in the article from the replied msg link reads to me as if this occurred in 2006.
Am I misunderstand something from this new report?
Yes I agree if they disclosed it when they started reporting it, but they did not so I really do not think it was them. My first thought was in hiring a consultant or someone else to see how these possibly partnerships may be from a financial and growth standpoint.
33% Increase in shares outstanding.
This site shows only 397,933,773 shares outstanding.
The new 10-Q report shows 594,719,778 shares outstanding. Unless they are trying to reflect if all the preferred stocks were converted into common shares.
An increase of 33%, which if true for one quarters time, is causing the deluting of share price even more, which makes sense on why the price keeps falling lately.
If they had taken the funds and provided such a report as they did, then there would be a conflict of interest and this also would probably be leading to fraud charges. But I have not seen any information yet on what you may be looking at to reflect all this information.
I think we are holding up, but we are down over 6% while the market is only down just 2%. I think everyone may have a difference on how they may look at the drop.
I do hope that POSC will close in the positive range, that would be really nice to see today.
I truly feel we should be around .l5 imo.
I never would have expected to see sub .12 again, so today is a surprise to me.
OK. As I understand it unless there is buying pressure to push it up, the automated trading computer systems will keep pushing a stock downwards until buying power kicks back in. And with the volume dropping each day, I can only hope it will pick up soon.
fxcm, when will it hit .05-.06?
or are you now saying .10 is bottom?
Neil, I asked my broker about it before, and they told me that since I have a "cash account", my shares could never be used for shorting by anyone. I can not speak about the other account types.
I am hoping it is sooner, but guessing the "month or so" will be more like it, so expecting maybe in June, or July if the "or so" comes about.
Hopefully_soon, we are down 12x more then NYSE today. Though I am surprised the NSYE is not down alot more. We just seem to be on an automatic downslide via the computer trading until something comes about and makes others buy in more.