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64c, up 50%, have to take some profits on that quick a jump. Still will hold some.
$NWBO $2 to 46c today. Bought some for a bounce
I haven't looked at the numbers, but I am guessing accretive instead of dilutive.
https://www.investopedia.com/articles/fundamental-analysis/09/accretion-dilution-analysis-mergers.asp
An acquisition is said to be "accretive" if the buyer's eps goes up post-deal; it is "dilutive" if the buyer's eps goes down.
They've also basically said they can and do deny or accept companies beyond the boundaries of these "requirements". That's their right, of course
Here is a link to a good breakdown of the requirements. It is crazy complicated because they have different tiers to uplist under: Global Select Market, Global Market and Capital Market. Then each tier has different possible standard categories: earning, cash flow, revenue, assets, market cap, revenue, equity, income. Many OTC companies I've seen attempt to uplist do not have revenue, so they try under Capital Market tier with the equity or market value standard. Depending on which tier and standard, they list different trading price requirements in the footnotes for each.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
$SRUTF,nice one. I'm seeing some OTC tickers actually move today. It has been a while, most have been stuck in the mud. Maybe Twitter being bought out has brought some optimism to OTC, don't know.
Yeah, I am guessing so, especially since there was a t-trade yesterday. I haven't been tracking them or we might know how much is left. I believe the offering was for 50c shares, I would have to look it up to see if there is any fine print. So if it is these shares being sold, I doubt they push it much below the offering price, typically the break even is a floor set for these algos to sell, and buying shares below the offering price is typically is a good strategy for me--again assuming this is those shares and 50c/share offering price. We will see.
it's very difficult for me to have any clear or confident sense as to what lockup/restrictive provisions may be in effect to govern how these shares could be sold into the market other than guessing at possible volume caps based on percentage type governors.
2b) Unrestricted:
142,250,037 - 03/28/2022
142,045,037 - 03/21/2022
141,827,151 - 03/07/2022
141,827,151 - 02/07/2022
On March 31, 2022 the Company sold 2,000,000 common shares under a subscription agreement of our Regulation A offering statement for an aggregated amount of $1,000,000. The shares were issued on April, 6, 2022.
OTC is moving some today for this short week. Hopefully a good sign.
$LTUM, wow, just wow
Agree 100%. I have been seeing some OTC tickers execute orders way below the price range around 8-8:30, (which is when I think IB allows premarket orders) when all the MMs haven't started posting orders yet, so the bid/ask has a wide spread. I believe this is a form of stock manipulation the SEC should investigate. JMO.
The under $1 otc stock runners I’ve been in historically have not broken $10, including both CYDY and ALPP. Just a nice round number people start selling/shorting I guess
$NICH now 29c, taking some profit here before close. We will see what Monday morning brings.
$NICH 23c into Friday close
$JAGX from the list, 77c.
Stocks under $1 daily trading volume over 9% of their Outstanding Shares on April 1st. Volume is back for big board under $1 stocks. I'm expecting more runners in this category in April.
Symbol Last %Change Volume MC(M) vol/os %
NILE 0.77 -9% 52,680,884 65 62%
GHSI 0.21 -8% 14,172,658 5 61%
SXTC 0.26 -7% 10,617,584 7.6 36%
FWBI 0.95 -10% 4,501,428 16 27%
XELA 0.43 2% 86,477,731 154 24%
GOVX 1.00 -13% 1,343,104 7.1 19%
STAB 0.28 -10% 5,266,786 9 17%
SYSX 0.02 -20% 31,964,879 5 13%
SNMP 0.64 23% 14,354,369 72 13%
WNW 0.79 -11% 2,623,731 20 10%
AKBA 0.67 -7% 18,116,741 121 10%
ZSAN 0.22 -3% 16,628,121 37 10%
YVR 0.80 14% 1,517,766 13 9%
SPCB 0.55 -4% 2,776,504 17 9%
JAGX 0.63 -11% 6,965,857 49 9%
Very nice info, another t-trade today 182,000 and yesterday 250,000, which I am guessing matches the shares becoming unrestricted recently. I guess the remaining days this week, we will find out.
$NICH trying to break out of the downtrend
Great call on $BEST, #1 gainer under $1 on Friday.
Top Gainers 10c -$1
Symbol %Change Volume Last
BEST 74% 11,088,911 1.00
KRKR 41% 1,302,823 1.08
SYN 24% 33,792,192 0.43
YSG 22% 14,589,071 0.97
CTK 22% 41,963,558 0.29
VEON 22% 151,245,440 0.65
AABB 22% 47,575,589 0.15
CNET 22% 1,112,066 0.85
UK 22% 4,923,812 0.31
BHAT 18% 1,858,132 0.36
VYNE 16% 1,656,189 0.71
TRVN 16% 2,251,233 0.54
CWSFF 14% 3,545,059 0.30
ASXC 13% 20,348,446 0.71
ADTX 12% 1,577,398 0.43
NXTP 12% 1,290,689 0.59
Yeah, that looks like a winner, KOSK
Lots of small cap volume came in yesterday afternoon, hopefully it continues today.
Agreed, revenue this year will probably be higher than the current market cap of $72M. Without dilutive debt and increasing revs plus ever expanding business ventures, the share price will get there on its own in my opinion.
I haven't read the report. I have seen their other reports before though. I don't think it matters; notice that definition I posted didn't say anything about the information being true or false. The original question was about the legality of the report. If it was posted to manipulate the share price for short term financial gain, which I am guessing it very much was, then I believe it was illegal stock manipulation. JMO.
The illegal practice of spreading negative information in order to drive down a stock price with the goal of purchasing shares at a bargain price.
$PSWW almost hit 8c this morning, crazy move this week getting my original investment back plus a little on a Friday
I don't think they have anything other than their financial interest in heart when they made the report. If they shorted the stock ahead of time, then posted the negative information to drive the share price down so they could covered the short after the stock price dropped, that is illegal in my humble opinion, the opposite of a pump and dump scheme.
I am guessing that is why their office was raided. Illegal trading practices.
Poop and Scoop
The illegal practice of spreading negative information in order to drive down a stock price with the goal of purchasing shares at a bargain price. Compare pump and dump.
Case Study Many investment scams involve inflating the price of a stock that is owned in order to dump shares on the public at a profit. In some instances, however, the fraudulent activity involves deflating the market price of a stock that has been sold short so that the stock can be bought back at a lower price. In late 2000 a 23-year-old man pleaded guilty to securities fraud for issuing fake negative press releases for Emulex Corporation. The man had sold short 3,000 shares of the stock in order to profit from an expected decline in price. When the stock price started rising, he used knowledge gained as a former employee of an online distributor of press releases to write and distribute a phony release that stated Emulex's chief executive had quit and the firm was restating its quarterly earnings from a profit to a loss. The press release caused the shares of Emulex to plunge until trading was halted on the Nasdaq. According to government charges, the man made a profit of nearly a quarter of a million dollars by covering his short position and subsequently purchasing additional shares of the company at the artificially low price resulting from the fraudulent press release.
$PSWW another double today to 6c
$HEXO, moving this morning.