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Some of us don't care about the *^(**()*$### Cowboys. Those posts are off-topic. As is this one.
Please don't clutter up the board with football banter.
Schwab shows .0139. Small 1K share trade at that level, with bigger trades at .0127 before that. The .0139 looks like a paint job.
Management should be concerned about/for existing INVESTORS, not traders.
I personally hope that management does not give a damn about traders and is acting in the long term interest of the company and investors.
It's a low volume week - right after options expiry and right before Thanksgiving.
Normal hours until 1 EST, AH from 1:05 to 5 EST (not that you could trade DBMM during the AH, but you could trade NASDAQ then)
oops - that was yesterday
Let's see what they have to say on the webinar later this afternoon.
hmmm - you are correct. No shell designation on OTC Markets (I put little faith in what an iBox here contains).
On OTC Markets it says "Ladybug Resources Group is a distribution services company for the agricultural industry, focusing on innovation to meet the challenges of today's changing world."
Does anyone have any specifics to back this up? I apologize if I missed something already posted.
Momentum is a short term thing. SOX compliance is a long term thing. I'll take the long term benefit and accept the short term hit.
Thanks - I'd rather not "lead the witness". If Venkat is unaware of the changes for shell companies in March that in itself would be telling.
I would add one question:
LICH currently is classified as a "shell status" company on OTC Markets. There is a deadline of sorts for shell companies in March 2023. Can we expect the shell status to be resolved before then?
It would get pretty wild and wolley. Probably a good thing for all to think about what their exit strategy will be BEFORE things get crazy.
That's a good sign. We can only just hope for some news that someone is actually doing something with this shell.
I don't think we are talking about an additional delay beyond that which we already have due to the restatements in progress. It seems clear that the new auditors know the SOX rules and should be able to get the restated financials together relatively quickly.
The 8K also added a little color to the restatements in progress - apparently they are due to the handling of non-recurring items.
I believe that SOX compliance is a requirement to be a supplier to some companies and government entities (above a certain $ level of spend) - I don't know the details. This suggests that the financial restatements are being done to allow a future growth step for ALPP.
Totally meaningless until orders are actually routed through GLED. THey are ready to go, but the 10 ask does not mean they think it is worth 10 - they just have to have SOME number out there.
I am glad to see them but celebrations are premature.
I am long some Dec 2.50 calls and Dec 5 calls (among a number of other option series further out).
I'd love to see an announcement before expiry on December 16. Since they are pretty deep in the money, there's not a lot of time premium on them, but I will be monitoring them. I don't have the capital I would need to exercise them, so I will either need to sell them or roll them out. I am leaning towards selling them (if we get an up day on no news or nominal news like more patents) and adding to my common.
LWLG is my largest holding by far, but I would consider adding common or deep in the money far out expiry calls with the proceeds from My DEcember calls when sold.
Doubtful, as LWLG has option strikes at 7.50 and 10 but nothing in between.
True - today is expiry date for November. However, open interest is very low, so there is not a whole lot of reason to suppress LWLG's price just for today.
There is obviously a lot of power in algorithmic trading. I just don't think having the price fall on low volume in and of itself constitutes manipulation.
When there is a lot of demand (retail or via algorithms) prices rise. When there isn't, prices fall.
They are not playing games.
A better way to rephrase what you posted would be "they are dropping the stock because demand is light at prior prices".
It's what they do - it is not manipulation.
No. Yesterday was an odd-numbered Thursday in an odd-numbered month in an even numbered year under a last-quarter moon.
That has always been a traditional holiday for OTC Markets.
They have stated that financials since 2020 are not to be relied upon base on their audit. While this is generally bad news, the 8K went on to state that management does not expect the changes to impact the numbers reported for revenue (top line) or EBITDA (bottom line).
We'll need to wait for the restated numbers, but their comments suggest that this had to do with accounting technicalities (they mentioned income taxes and accounting for acquisitions). If that is true, and the top and bottom lines truly will not be impacted, then things are ok, and the company is in fact making the money we have believed it to be making.
Merging those platforms has taken a very long time.
I suspect they may have it ready by now, but have decided to wait until after year end so as not to screw up tax reporting for all the TDA customers. Now that I think it through, I suspect we will see the platform convergence some time after mid-February, as it takes until Jan 31 for all the wash sales to be resolved and then some time for the 1099s to be generated and sent out.
I'd just like to see SOMETHING happen. A sale of the shell would at least be likely to provide a short term spike.
No - I was making a joke. He owes us nothing and has given us nothing - so he has paid up, in full :)
I agree. He owes us nothing at this point…
…and is paid in full ??
Right - and inertia suggests he will stay that way, wherever he is at.
I don't see the correlation between Venkat staying in India and things bung more likely to start happening for LICH.
In fact you could argue the reverse - the longer he stays there the easier it is for him to stay hard to reach and not have to talk with investors. He could be hiding behind the time zones difference.
Doing anything to jump the gun vis a vis OTC Markets would be a really dumb thing to do.
Unlike you and I, Deng is not speculating on the future of the company and potential price appreciation. Whether or not he added any value (we think not), if he was a consultant being paid in shares he can be expected to dump them at the earliest opportunity. They all do.
On top of that, he may even have inside information to the effect that nothing will be happening for ASKH in the immediate future.
You can easily get the NYT (and Washington Post) Crosswords puzzles online - they are a simple Google search away.
More transparency is always good.
Thanks.
It would be good if OTC Markets were to publish a definitive list of which tickers are affected. They indicate they are reaching out to companies, but many of those companies are not communicating with their shareholders, so shareholders do not know if they are subject to (further) loss of liquidity in March.
My guess is that the March date is more important to shareholders than it is to many of the companies involved, as those companies really do not want to act like public companies in the first palce.
I think he used to be in the department of redundancy department...
Looks like a Chinese stinker but a nice exit opportunity for those in EVCI. One of the Synergy plays I did not buy into way back when :(
The company is asserting that the WDHI shares will trade at $5. The market is saying "we don't think so". There is NO independent confirmation of that $5 value.
To me this looks kind of like a "corporate garage sale", where odds-and-ends assets are being pushed out the door.
WDHI shares will be worth whatever someone is willing to pay for them when they have been received and can be traded. I have substantial doubt that will be $5.
Good luck to you - hope you make money on this play. I will pass. If anything, HNRC as a pure O&G play after divesting the WDHI assets (by definition, leftovers that are no longer wanted) might be more interesting to me after the spinout of WDHI shares has occurred.
That is a BIG hope. I think it far more likely that we see new lows before EOY than get back to old highs, especially as we could encounter some tax selling.
Couple of problems with that logic. If my calls were out of the money (and they were), the shares would not be called but if the price approached the option strike price I could get a call as the compliance dept. would see increased risk. Additionally, options settlement is next day while common trades settle in two days - there is still a day of potential exposure.
A sharp move could still really hurt.
Main thing is I don't like being moved from a (voluntary) very low risk situation to an (involuntary) very high risk situation.
Anyway - it is a moot point now as I removed that account from the lending program.
NRDY up to 2.48 today (was 1.95 on October 24). Q3 loss (for quarter ended 9/30) reported on 10Q yesterday was less than expected, revenue was in line with estimates.