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These videos make me think pps is about correct upwards, the company has been getting shit done during their quiet time. Makes sense to go dark and save money on those filings, get FDA cleared and come back out into the light..
CEO spends $8.5 million on R&D
. I'd like to get a real update on operations from the company, seems like they could be very bullish.
Not case here though, atleast not from what I can see so far. CEO has invested his own money to finance everything. $8.5 million
Edit I read the last post out of context, my bad
Imo it is just assurance for the CEO that there won't be any chance of a takeover. CEO invested $8.5 million so far and by increasing AS to 10b he is protecting his investment. Ofcourse, I'm assuming he doesn't convert, but I doubt he's trying to get rich quick if he had $8 mill to fund his project
That is in the pre-14c filed in January. Not in effect though as they didn't follow through with the Nevada SOS, so officially the AS is still 2b
This was already known from the last filing, leaves the float around 90 mil
Nice chart, that macd taking a hard turn northbound
Lol yes I did. Not worried about those measly 35 mil. Keep bitchin tho
This is the otc, did you expect Rossi to shit money and use that to ramp up operations?
Lol ppl are complaining about minor dilution when HALF THE OS is about to be retired
https://www.mcapmarkets.com
I bet money coming in from overseas (Singapore) jmo
Interestingly, they have an office a few buildings down from mine. Might stop by this week
Medicare provides reimbursements for this product. What's not to like??
https://diabetesnewsjournal.com/2015/03/02/alr-submits-insulin-dose-managing-system-for-fda-approval/
No toxic financing because the CEO is financing his company with his own money ($8.5 million)
Because the company has been quietly working towards FDA clearance and more patents, which is now coming to fruition.
So please explain why PUMA, DLNY, and ASCM keep taking turns on the bid??
Medicare reimbursements for $ALRT
Sounds like we'll be seeing a new patent soon to add to that list
https://mobile.twitter.com/736Leonard/status/910711534812319744/photo/3
According to the CEO, looks like this is about to get real exciting
Ascm bidding today too
But they've been raising capital without selling shares already... the CEO/chairman has money, lots of it apparently and he funded $1.5 million this year alone. Now that they have FDA clearance, funding will be no issue.
At .08 (current price) the CEO and his wife could sell all of their (100+ million) commons and recoup their $8.5 million invested and more.
The option for more shares is a safety net to protect his company and investment from takeover
Easy, him and his wife own over 100 million commons.. with a FDA cleared product in a $20 billion market, they can get that $8.5 million back pretty easily I'd imagine
Nothing says he has to exercise the option.
The option for him to acquire those shares is there so that he can maintain control, which makes sense considering he's dumped $8.5 million dollars into his company. It's a safety net
Not how it works. Reread the pre-14c
The option for him to acquire those shares is there so that he can maintain control, which makes sense considering he's dumped $8.5 million dollars into his company. It's a safety net
The OS is NOT 4billion, explained in the company's last filing, the pre-14c:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11780721
Imo the AS increase was done to insure that there is no hostile takeover, creating a safety net for the chairman of the board who spent millions of his OWN money to fund this company
A large portion of the float turned above 08 last two days with much of that around .10... profits were taken and new base formed
You're not serious, are you?
I expect we'll see some new MM's showing up in the days to come to join puma and dlny on the bid
So what's your take on puma and dlny loading here?
Puma and dlny' tactics today were very bullish. Big players loaded millions eod
How many otc's do you see those two battling for shares?
More like a paper cut.
Between them and puma alone, millions were just added. Bodes well for us
We're talking about an emerging medical device company, which endured years of expensive R&D.. typically these companies fail due to the costs from trials etc, but this one succeeded and got a green light from the FDA.. these companies get beat up during R&D and don't typically have the luxury of paying an IR rep
They can be.. it's always nice seeing them on the bid
Dlny/puma very active today
Dlny biddin
Keep throwing 03's on the ask lol stupid