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Owning just 1 million share here, not much.....stupidly faking cheap! That’s all I can say....
Wide spread bids and asks today. It’s going to get volatile!
Like I said I strongly suspect that Delfin, some how and quietly, has already acquired up to 85% of the total outstanding....and leaving just 10% freely traded for the public, while Egan is holding the other 5%. Daily trading average volumes since January definitely supporting this. Most R/M deals ended up with the private company owning 80% - 90% of the shell company, thus not requiring a reverse split or increasing the total authorized shares for dilutions. I think this is a pure and direct R/M play.
TGLO has the prefect share capital structure here for immediate uplisting.
No R/S, it will be just 1:1 in exchange for delfin shares. This means every share you own right now will be worth $2 right after the completion of R/M and asset consolidations. Whatever assets Delfin put into the shell will need to meet $2/share minimum, listing standard requirement for Nasdaq.
Nice read here if you are interested in R/M: http://www.clm.com/publication.cfm?ID=24
.008 is a joke here!! Sharks are eating up shares. I repeat, CELZ should be treated fairly according to it actual valuation. $100 million market is just a starting point. PPs will get there to reflect the actual value. Take time though, a few weeks?
Every time when the share price hits .17+, someone would manipulate it down below with just few shares. This has already happened multiple times since March.
Don’t think a bio tech comp like this will stay below .01 for long. Too many patented products.
There are no red flags, everything is stated in the 10K. No one knows what the share structure will be like. Delfin will announce that when the R/M comes out. There many many different ways in doing share structure. But I suspect Delfin will retain 71% of their ownership. How are they going to do it? I have no idea, but just wait and watch. It will happen. They won’t give away that 71% control. Don’t forget that Delfin has a parent company and the parent company has two major entities that hold the majority of the stake in the company. Plus we have a hedge fund involved here.
Keep suppressing....., this is going for a second leg.
Watta heck. I slept in this morning and did not get to trade the action!!
I suspect company already own up to 86% of the total outstanding. Egan owns 5%. Leaving just 8% - 10% for the public, freely trading. Company will retain 71% stake and sell the other 15% for $ billion.
Not hedge fund, the company.
Reverse merger example, Burger King, https://www.reuters.com/article/us-burgerking-stock/burger-king-shares-rise-in-return-to-nyse-idUSBRE85J0PW20120620
Company will likely retain 71% stake and sell the other 15% stake (60 million shares) for $1.5 or $2 billions.
I really think among this float of 106,804,886, someone or a group has locked up 60 million shares (representing 15% of total outstanding) and leaving only about 40 million (10% of total outstanding) for us, the public, in other words, freely traded shares.
And what will be price per share set at? $10 ? Loans will be exchanged for shares....
Loans will be in exchange for company shares......
$8 billion possible loan from Chinese banks + $1.5 billion from Korean bank means delfin got x1 or x2 asset values......
Speechless, debt holders are desperate to get their $$$. This is probably the Best Buy area to load more.
.0065 is a very important level, if this is going north bound, a close above .0065 following a bounce is crucial. I think that’s the playbook here. Undervalued bio tech company for sure.
Trading volumes today strongly supported the fact of locked float. This is the first 10K after Delfin took over the shell. only 1.6 million traded. I was hoping to see at least 5 million, but no.......It’s very clear that everyone is holding tight. Only flippers and traders moving the price up and down. There is just not many free shares available...most shares were locked up in December.
Technical breakout is being made here, can’t deny it. Hold tight.
You said you got in in December and haven’t broke silence until just few weeks ago.....why all of sudden start taking non stop???
Company still follows the traditional filing dates. Before April 1st and end of March. 2018-03-30
Dropbox’s S-1 shows that its capital structure consists of three classes of authorized common – Class A, Class B and Class C – with the rights of the holders of all three classes being identical except with respect to voting. Class A shares (offered to the public) are entitled to one vote per share, Class B shares are entitled to ten votes per share and Class C shares have no voting rights, except as otherwise required by law. Although the general rule in Delaware is that each share receives one vote, a corporation may provide in its certificate of incorporation that a particular class or series has limited or no voting rights.
Because of the ten-to-one vote ratio between Dropbox’s Class B and Class A, the Class B stockholders – basically the co-founders and lead VCs Sequoia, Accel and T. Rowe Price — will continue to control a majority of the combined voting power, and therefore be able to control all matters submitted to stockholders for approval. This concentrated control will limit or preclude the Series A holders from having an influence over corporate matters for the foreseeable future, including the election of directors, amendments of the certificate of incorporation and by-laws and any merger, sale of all or substantially all the assets or other major transaction requiring stockholder approval. The concentration of voting power may also discourage unsolicited acquisition proposals.
The concentration of power in the Dropbox founders will likely only grow over time. Under an automatic conversion feature, future transfers of Class B shares will generally result in conversion into the lower voting Class A shares, subject to limited carve-outs for estate planning transfers and transfers between co-founders. The conversion of Class B shares to Class A will have the effect, over time, of increasing the relative voting power of those Class B holders who retain their shares. Moreover, any future offerings of Class C shares will increase the concentration of ownership and control by the founders even further than would be the case in an offering of A shares because the C shares carry no voting rights at all (except as otherwise required by law). Consequently, the cumulative effect of the disproportionate voting power of the B shares, the automatic conversion feature upon transfer of B shares and the possibility of issuance of C shares is that the founders may be able to elect all of Dropbox’s directors and to determine the outcome of most matters submitted to a stockholder vote indefinitely.
Dropbox has a dual-class stock structure that gives outsize power to some insiders. For example, Drew Houston, the cofounder and CEO, will control 24% of the company, while the venture-capital firm Sequoia Capital will own a 25% stake.
There is a reason they keep this under 50MA. They are avoid a breakout to new 52 week high.
Slowest trading day since December 21.
This one is something. Shouldn’t be trading here at .01. Dilutions from debts, I understand, but come on....under .01 with all the patented bio techs at hand?! What a joke!
Was hoping to grab another 300K at .0085 but did not, because not enough fund...
Just saying 10K’s were filed on the following dates:
2017-03-30
2016-03-25
2015-03-26
2014-03-28
2013-03-28
Will it be 2018-03-29 or 2018-03-30 tomorrow? If not later today.
Can I see your receipt for prove? Should I buy that many?
Owning 350K now. This one will go back above .10 soon. It just doesn’t belong this ridiculous price range.
I think we see .20+ today. If not I will make it happen. Would $50,000 be enough to do it? LOL
My 400K is locked up until $20 for each. Locked float. Easy movement. MMs has this in control all these times. Someone has been loading.
Pathetic trading volumes today.......
Dropbox just went public. Going public has nothing to do with the market crashing or not.
Not even MWM can hold....a typical trader.....
I guess MWM sold on Friday.....
PPS/Market cap will be based on what assets Delfin put into the shell + Delfin’s future revenues. $8 billions for the ships, $2 billions the pipe and facility? And deals......$_$. They don’t need R/S and they own at least 71%. R/S would only make that 71% even lower.....even if just 2:1, it would immediately reduce their ownership down to 35%.... they would covert to preferred and release those shares to new holders. This is the way to preserve their value and voting power.