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I haven't looked, but will these warrants trade after the offering closes?
If so, if someone really believes GIGL will execute on the plan, the warrants would be very valuable to a shareholder and may be enough for a large shareholder to exercise his rights at the .03 price above current market.
Warrants are usually pretty far out of the money. You would exercise the warrant at a later date if they were in the money. The assumption is with the warrant period, they would be in the money at some point. Also, warrants that are out of the money trade all of the time on the market. I don't know what the current value would be of the current warrants, but for discussion sake, let's say the market says they are worth .002. This is just a hedge that somebody thinks they will be in the money down the road and are willing to pay .002 to be able to buy them at .06 in the future. If after a year, the stock price is .10, they could exercise the warrant and make .1-06-.002 or they could resell the warrants for the current market price which would be something above .04, a pretty healthy return on .002. If the stock price is rising quickly and there is a lot of time left on the warrants, the warrant price can run very quickly.
So, who is buying this volume? Just put 100k at the ask and it got sucked up quickly.
With the PPS at around 2.5 I'm not sure the participation won't be 0.
Yet lane is clearly owned by cherubim
Seems strange they don't list Cherubim anywhere on the site.
Are you sure? There own website contradicts the "holdings". Who owns Lane Designer that is listed under holdings? Doesn't seem to be VICT.
Where do you think the money went for the diluted shares? This is strictly a shell company with a few patents.
Looks like it goes below a penny tomorrow. Didn't quite get there today. After that support breaks it'll drop pretty quick.
Unfortunately, they are never going to be reinstated.
Nearing worthless area. -90+%
Not sure what point you're trying to make.
It's on it's way.
Nailed it!.
HUGE volume!
not
Well, if that doesn't confirm the il-legitimacy, I don't know what does.
Exactly
Someone please tell me why someone would take preferred shares of of company with almost no value and give them 100 million in assets?
They do not have 100 million in assets!
Cat
I don't see any share buy back upcoming. First, they don't have the capital to buy back shares and second, it would be a terrible use of capital for a development stage company. All capital must be used for development of product and go to market.
They would have to audit 2 years minimum if they are going to audit and report.
Volume needs to be much higher for a breakout.
I'd be happy to sell you some shares.
That's pretty old. Latest info is below $10.
History shows this will trade at .001 or less next week.
Huh?
The whole NVC thing is comical. Even if NVC did have the asset value they claim( which I believe is false), why would they take preferred shares of a nearly worthless company in exchange for the purported $100 MM in assets. Come on people, that makes no sense. Would you accept a penny in exchange for $10,000? I think not.
The question is what level does he participate. He could participate with 100,000 or $3000 and he would be factual in stating he is participating.
I don't think you can make that statement currently. The warrants are out the money so you can't say it will add any shares. If it is in the money, then the warrants are a good deal and the added shares are aren't a factor. It's purely market driven. If the market believes in the company and the price relflects that, added shares are irrelevant.
It is all relevant to qty volume. May end up as the highest volume day in almost a year, sharewise.
Shame on me for not doing the same.
Agreed, will disagree regarding them finding any MM. Also, haven't been able to verify the legitimacy of the company to this point. Everywhere I've looked, comes up empty.
Being a real company has nothing to do with it or change anything. This happens to real companies all the time for various reasons. The outcome and the process remain the same if it is real or not. IF, the company is real and has the revenues they claim, they still need a broker dealer to apply to sponsor and make a market in the company and then get approval before it ever trades on the markets again. This rarely happens.
Did anyone else call the company?
What did he have to say
That is from the Victura report on DnB. John Grubbs is listed for VICT, not NTHR.
The SEC does not speak to anyone regarding these.
You have to have a paid subscription to DnB.