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An AON order perhaps?
I think you answered your own question
Will you copy and paste please?
I'll be happy to watch
I "squeezed" the .001s. Other people on this board should practice what they preach.. If they are so confident why don't they hit the ask..
Seen it too many times before.
I don't remember a "1 week play" that BIG alerted that didn't end in a disaster. I will concede those were nothing but pure front loading and dumping.
No doubt. All any stock is is one person "dumping" his or her "bags" onto the next.
SUTI a bloody disappointment. Never liked his "short term 1 week" sort of plays.
I highly anticipate a share buy back to clean up this financing but not anytime this year. It will likely be after they have steady revenue streams and after their debtors convert the debentures
MCET trying to break out!
Beginners guide to the LJCI convertible debenture:
To calculate how many shares La Jolla Cove Investors, Inc. get from converting the debenture we use this formula:
(($*110)-(CP*100*$))/CP
Whereas:
$= the amount of $ from the debenture being converted
CP = (conversion price) .80 multiplied by the average of the three lowest volume-weighted average prices
*= multiply
/= divide
The Debenture is convertible at the option of LJCI at any time up to maturity into the number of shares determined by the dollar amount of the Debenture being converted multiplied by 110, minus the product of the Conversion Price multiplied by 100 times the dollar amount of the Debenture being converted, with the entire result divided by the Conversion Price. The Conversion Price is equal to the lesser of $1.00 or 80% of the average of the three lowest volume-weighted average prices during the twenty trading days prior to the election to convert.
As of February 21, 2013 there was a balance of $43,076 remaining on the convertible debenture
Using the formula and assuming they were to convert all of the debenture immediately (today), we can expect them to receive roughly 5.4B shares of unrestricted common stock. Keep in mind that the Debenture Purchase Agreement limits LJCI’s stock ownership in the Company to 9.99% of MCET's outstanding shares.
Don't let that number scare you. Yes it is quite large but also consider that LJCI has not and likely will not convert all at once. They typically convert about $5,000-$10,000 a year, meaning that (depending on the share price and how much they convert) they would only acquire near 0.60B-1.35B shares this year based on the $5,000-$10,000 range. However, the Debenture Purchase Agreement limits LJCI’s stock ownership in the Company to 9.99% of MCET's outstanding shares.
I think your caps lock key is broken
They pay over $1 per share
31 day SMA lol
$1 and we will all be multi millionaires
I had my bid there for quite a while. I got filled all except 95 shares LOL
Me! I wanted cheap shares! And I got em.
That's because it was a sell on my bid mr dippy
Boom. I got filled. Smart money readin them charts $$
That's what I'm counting on. Got my bid at .0126 patiently waiting
It's nice to have people on bid support so it doesn't crash once everyone stops ask slapping...
It's not a double bottom IMO. looking for a dip to .0126
I can be optimistic. I like undervalued shares
.0125-.0126 is coming. I'm waiting patiently
13 mil volume. It's laughable when looking at how many shares were bought Thursday and Friday
Not worried!
Cool picture
If you look at it that they do not have only a select few requirements then I suppose you could argue that they are not that far.
But the way I'm looking at it they are a ways away from $6 million average annual revenue.
All is good, my friend.
Their average revenue is nowhere near $6M/yr. Why is this such an important issue? I already acknowledged they were once on the QX. I just didn't see how...
If you must know, I have just recently discovered MCET on Friday. Since then I have been researching and sharing what interesting information I find here for others who may find it helpful. As is the purpose of iHub I thought.
It's a non-issue. I'm glad someone who was around here at the time they were on the QX can give a personal statement that they were. Someone had mentioned that YIPI was on the QX and I was skeptical of the validity of the statement after seeing the qualifications for being on the QX
Thanks...
Government awards MCET grant money:
We received grant awards in 2010 under the U.S. government’s Qualifying Therapeutic Discovery Project (“QTDP”) program for three of its drug development programs: MCT-125, MCT-465, and MCT-475. The QTDP program was created by Congress as part of the Patient Protection and Affordable Care Act
On October 29, 2010, we received notification from the Department of Treasury that we had been awarded a total cash grant of $733,437.
Here is what makes this significant:
To be eligible, a therapeutic development project must:
(i) have the potential to develop new treatments that address unmet medical needs or chronic and acute diseases;
(ii) reduce long-term health care costs;
(iii) represent a significant advance in finding a cure for cancer; (iv) advance U.S. competitiveness in the fields of life, biological, and medical sciences; or
(v) create or sustain well-paying jobs, either directly or indirectly
The QTDP program evaluated MCET as such.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9818930 page 15
Pfizer purchased the license to use MultiCell's Fa2N-4 cell lines and related cell culture media for use as a drug discovery assay tool
Sure thing my friend! The facts of the exclusive license and purchase agreement between MCET and Pfizer are in the latest 10-Q filing. Page 11, Note 6!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9553919
Correct! Pfizer purchased the license to use MultiCell's Fa2N-4 cell lines and related cell culture media for use as a drug discovery assay tool!
MCET and Pfizer, Inc!:
On October 9, 2007, MultiCell executed an exclusive license and purchase agreement (the “Agreement”) with Corning Incorporated (“Corning”) of Corning, New York. Under the terms of the Agreement, Corning has the right to develop, use, manufacture, and sell MultiCell’s Fa2N-4 cell lines and related cell culture media for use as a drug discovery assay tool, including biomarker identification for the development of drug development assay tools, and for the performance of absorption, distribution, metabolism, elimination and toxicity assays (ADME/Tox assays). MultiCell retained and will continue to support its existing licensee, Pfizer, Inc. (“Pfizer”). MultiCell retains the right to use the Fa2N-4 cells for use in applications not related to drug discovery or ADME/Tox assays. MultiCell also retains rights to use the Fa2N-4 cell lines and other cell lines to further develop its Sybiol® liver assist device, to produce therapeutic proteins using the Company’s BioFactories™ technology, to identify drug targets and for other applications related to the Company’s internal drug development programs.
http://ih.advfn.com/p.php?pid=nmona&article=54518492
Thank you for the question.
The way I see it, .0016 and .0014 were the two big support/resistance points at the end of the on Friday. We likely won't see a gap up above .0016. I'm guessing we either gap down to .0015 or stay right at .0016 unless for some reason they issue some surprising news. After that my guess is that it trades sideways more, attacking the .0016s. If they happen to fall during the 20 minute time frame of interest here then we could easily see a high of .0018 in that time as the .0018 area is the next local resistance point, but I feel 20 minutes is not enough time for that to happen, and it is most likely we will be at .0015 or .0016 depending on whatever trade happens at 9:50. Although, the weekend has given time for Thursdays news to reach the corners of the OTC, so in this scenario we would see buying pressure right at open, increasing the probability that .0016 will fall and taking us up to my .0018 local resistance guess.
Kind of hard to guess these things. In summary, open at .0015-.0016, after 20 minutes of trading at 9:50, we shall be between .0015-.0018 IMO.
Thank you for clearing up whether or not they were on the QX as well as including your opinions...
IMO whether or not YIPI was on the QX is kind of a non issue to me. Just needs to be fixed on the intro...