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Lol. Borrowing from Peter to pay Paul. It's almost like toxic financing. I don;t see how this can turn out good in the end. Raise everyone's income tax to pay for it all maybe?
Came out of it at least even after being down so big. Guess I should be happy, but disappointed I did not have had stop losses set. Was up $8k before the dumping started.
Ya, If anyone has a chance to read these 2 filings and let us know what they really mean...
I am still in but looking at selling here.
Edit: Just sold all. Have no idea why all the dumping; can't understand these filings; i'm out.
Looks like more than profit taking to me matt?
Tried to understnad them.
Can anyone interpret?
Nete - What the heck just happened??
People have been saying this for years.
Big question is when will the manipulation end.
I've seen about three large events now which were finally going to end the manipulation.
Guess what.... Still being manipulated.... (if these so called reports of shortages, etc are to be believed)
Who knows
Nice one Matt! That has to go in the books for best trade this year so far for you.
Amazing a couple days ago no-one wanted it in the teens. Now people want it in the 40's. lol. Wallstreet at it's finest.
VGZ - If it were not for the Austrailian Govt giving them 5.9 Million for a reasearch thing, the company would have lost almost 3 Million. Earnings were actually not that great....
Sure sign you still fully believed in the company and did not waiver..
I on the other hand was in a bit too deep to risk averaging down any more. Was getting a bit concerned.
I guess though, we should not get too cocky and think we are out of the woods yet! Would love to see the deal closed. Hopefully what all the volume is about.
Ya, waiting for trigger is best Risk/Reward for me, of course nothing is safe in this game. Have seen gone past trigger, buy in to see it fall.
Is there anything you can look at T/A wise when it breaks trigger to have greater chance it will continue to rise?
Looks like she is trying here again Matt!
Getting closer to break even on this.
In pretty large with 40K shares.
Hindsight of course says wish I would've snagged some in the teens, but thta's just hindsight talking now.... :)
Thanks AF. Always appreciated. Am watching and have not bought yet due to your trigger validation....
I had read that the government IS actually funding 6/9 of the trials. Is this not correct?
Can you show me where the 8x24 chart you just posted shows this perfection? I don;t see anything on the daily or weekly chart (to do with the 8x24) that shows it was a buy?
To me it looks like it just reversed for no reason? (according to the charts you posted)
OTC?
lol. 25-30%. I need a 300% run right now to get my $$ back. lol.
Only way for me is to average down at some point I think...
Even with all this dilution, .14 (was .12 just a minute ago) seems laughable, doesn';t it?? I know a lot of shares, but .14 / .12 cents??
Like I said I am getting concerned there is not just dilution for the betterment of a company (hey, the company needs to get money somewhere to pay for this payonline deal), but rather dilution and in the end we will see no deal?? Are there any sort of stipulations the deal could fall through? I realize deals of this size take time, but this is really rough, especially with the company not providing any sort or update and at the same time seeing the sp freefall.
You would think at this point they would address the situation somehow. It's like Orion's are the only investers in their company. lol.
I google'd the address and did a street view. At least the building and area looks clean unlike some companies addresses you look at and just know something is wrong.
If the building / location would have looked bad I would have bailed. At least their image looks ok from an outside perspective, which means very little I know but at least it is not blatently bad like some companies I have invested in.
ya. Sometime the playing with it thing is true. But risk/reward I bet safer to just bail when you see stuff like this than to try and spin a good reason for it. Just like when an offering comes out. Better to just bail, take your lumps and move on. How many times have we orions stuck around in a stock after a pr of an offering because we were in love with a company and thought "but they are solid and the offering will not affect the sp much; it will recover quick IF it drops" Then it gets followed by weeks of downtrend.
Better to just bail and take lumps. Like someone said, when something goes in a downtrend, incredibly hard to break that downtrend.
Lots of posts how stocks have risen from the dead and gone on runs. What is the % of those compared to ones that have simply vanished.
Many think Dilution causing this. If only dilution and good company I am ok with. Just hope it is not dilution to take our money and run.
This would have to be the biggest and most well run scam I have ever invested in if this turns out to be one.
If anyone hears from the company please let us all know. This really concerns me no-one is able to get a response from the company. For such a supposed huge deal being finalized you would think there would be someone at the office manning phones / emails???
Unreal. Nobody wants it @ .1341; everyone wants to sell it @ .14
I thought I was getting a bargain 7 days ago @ .19
Lots thinking bargain @ $1; .90; .80; .70; .60; .50; .40; .30; .20
Buy at .10, maybe not a bargain when hits .05.
Unreal.
Wow. Couple things I learned in trading BIOS:
1) Don't hold when it is close to an FDA decision. Risk / reward not worth it.
2) See how much cash a company in order to minimize as best as possible potential cash raises (grabbing them right after cash raises eliminates this risk.)
Welcome back Matt!
AMDA - Results not good? Down 30% AH..
Didn't they pay off a ton of debt? Is that what the extra was for? dunno, I nibbled some more EOD as thought it was stable. Then dropped at EOD.
Tomorrow am, I may just sell it and take the little loss. Just do not trust it .
Wonder what Matt's thoughts will be when he gets back and sees this train wreck.
Start of reversal or just another setup to fall again tomorrow.
Tomorrow should be interesting.
Yes, I wonder if that is that is what we can expect as part of these financing deals...
As I type Nete just hit new 52 week low. Unreal. I am just going to hold my shares and hope for a pump to get me maybe close to breakeven..
Not sure why they would get less shares at a lesser price....
Call this conspiracy theory, but is it possible the financiers are bringing this lower in order to get more shares from their arrangement?
ie - I believe they are supposed to be getting a $$ amount from the financing. The amount of shares they are given to make up said $$ would vary based on the price (ie NETE will have to give them more shares the lower this goes in order to fulfill this $$ arrangement)
So is this being brought down on purpose by someone?
Once the financiers have brought the price down as low as they can, they execute the agreement and they get 10x the amount of shares they would have 3 months ago.
Then the pump happens......
My thoughts, I have seen it happen before.
So not sure about the exact details of this, however if you look at the last S3 filings you can clearly see the dilution occuring.
56,307,263 shares issued and outstanding as of June 9, 2015
58,122,265 shares issued and outstanding as of July 9, 2015
62,497,814 shares issued and outstanding as of July 20, 2015
Looks like 6 Mill shares added since Jun 9.
Price of Gold is what is happening....
FREE - Weeee! From $20,000 (yes, that is 20 Thousand Dollars a share in 2007) to $1.77 a share.
Now that's a return on your investment! The BOD / Owners should be proud!
Nete - Well at some point they will need to get this back above $1.
However, they have a long time left to go before they are risking being delisted, but if it is getting close to that time and they cannot provide information to show how they are going to do this, they will need to R/S or delist. If this violates the deal then I guess they would have no choice but to let it get delisted if they cannot get it back above $1.
I think it's way to early to start talking about R/Sing or delisting though.
More immediate concern is what the heck is going with this right now...
Seems to drop, followed by 2 days of "i think this is the bottom" to dropping again.
Like I said, I think the buying is people thinking they have finally caught this falling knife and failing.
I am at a 53% loss right now on this.
Fugly, fugly, fugly.
Don't think it is as bad as the actual filings. A lot of these are just restatements of the same thing are they not?
Ie. The last 8K was only to add signatures to the original filing back in April.
So not all doom and gloom I don't think...
Do the signatures (only new thing in this amendment) mean the agreement in the 8K has now been executed? (I believe this particular agreement was for 3 separate buyers for about $5 million of stock) Do those particular shares now get reflected in Nete's share structure?
Flip a coin? Seems all you can do with this until it finally reverses.
Such a tough one to call.
ABIO - Run horse run... I have my ticket.