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ACMG, there's already premarket activity on this, this could be an early morning runner with support on the 0.06 and no resistance!
However I think it said Soma is worth 8 Euros a share!
LOL Yes I hope so, but 4 months from now!
Nope. I see that more than 200k traded, +1,67%.
How did you spot dilution when a lot are already saying that they have dumped their shares in the run? LOL
We have to hope that SOMPF will get pumped enough on the Frankfurt Market to allow us trade it at a profitable level once the restriction is lifted.
Anyway now shorts have two possibilities:
1) pay us the dividend and buy SOMA on the open market: thus the squeeze qould be on soma and not on EQBM
2) buy EQBM before 15/12, thus the squeeze on EQBM.
I entered with a small amount today on the dip just above the 0.02 resistance (which is a strong one IMO); the chart clearly says that this could dip more until the end of this week and a good entry point would be in the 0.015 area, anyway I wanted to make a first entry above the resistance since it's also at the bottom of the bollinger bands and it's a possibility that this can bounce from there without going lower.
It's #1 on my radar, too.
I'm looking at the graph and this is not the best moment to enter, but it should be soon, and then it's ready for another 3x at least.
I see that the company is on the naked short list: I'm not surprised, since they issued some convertible debentures which don't bear interests on a month if the pps is above 0.025 for every day in that month, so they may short this to keep it under 0.025 in order to get the interest from the company. I feel and hope that the company is going to care about this, since it's in their best interest.
What are you saying does not make sense: the os should not be increasing, unless:
1) dilution, but this is not the case since the float should not be the same
2) shares issued for acquisitions
3) shares issued in a deal with the shorts (a deal in which only Don would have gained). That would be the worse case scenario for us.
I really hope that Don hasn't cut a deal with the shorts.
Ask at .60 is great: it means a lot of us are holding tight without gtc order set for cheap prices.
And I've got my conspiracy theory about waiting the last possible moment to file the 15c, in order to start trading at the deadline to cover after the certs exchange.
At this point I don't know what to say, since there are too many variables to check about this divy.
A stock divy ex-date, when is not quoted ex, should be one day after the payment of the divy (which is the 15/12); viceversa, a cash divy ex-date, when not quoted ex, is usually 3 days before the record date.
http://www.ex-dividend.com/howitworks.html
You get the divy because you are a shareholder of record, but now shares are trading divy pregnant until the ex date, so if you sell now you sell your right to the divy, ie who buys your shares will get the divy from you (you are the shareholder of record, so you'll receive it from the company) and not from the company. It's like you become short for the dividend.
We still don't know exactly when is the deadline to cover after a mandatory certs exchange; anyway we know that they didn't have to cover on the greys.
Someone is saying that they should cover in 13 days (trading or absolute?)
Me too, I tried to get some through Penson Financials with orders from 0.15 all the way to 0.25 and never got filled in 10 trading days!
I think that people will still get the divi buying before the 15, since shares will start trading divy pregnant since today.
MMs are really bastards. And did I say I hate NITE?
I think that people buying from tomorrow since before the 15 may still get the divi (getting them from the seller), I don't know what may happen to flippers, but I wouldn't risk now IMO.
I already had some of them, but I was going to double my position and MMs didn't let me.
I'm really pissed, because in this 3 days I've seen more than 100K shares sold at 0.011 which is lower than what I was offering for 20k of them (0.0118). Unbelievable.
If you don't need your money back soon I'd hold even more than another 15 days: after a certs exchange they'll have to cover.
Of course I'm going to carefully look at volumes, to see if any covering or dilution is occurring, but if no dilution is going to happen and we are holding strong that could be a great squeeze.
Valuation should be a multiplier of eps + assets.
Eps is calculated on profits, ie. on net revenue.
If I'm reading right they have at least 1 million dollar in assets, so that alone would justify a minimum of 0.01 for the assets.
As I said, we are looking at a really minimum valuation of 0.02 (we don't know if and how much debts they have, so we must consider that eventuality for a minimum valuation).
Of course they could have 10M $ in the bank, an high growth in revenues year over year (justifying an higher multiplier for the eps) and we could end up with a pps up to a dollar, but we don't exactly know now.
500K revenue with a 100M OS is a 0.005 base pps, without considering any assets and multiplier.
Considering a conservative 4x multiplier this justifies a 0.02 pps (again, with no assets considered).
All in all this could end up trading at a minimum of 0.05, and with a little momo, considering the really small float this could easily go higher than a dime.
I'm pissed.
I've been at the bid at 0.0118 for 3 days and I never got 1 share of the thousand sold at 0.011.
After a mandatory certs exchange they should cover. When is the deadline is the million dollars question.
I think it's gonna be a news about SOMPF.
Anyway, we need a catalyst for a good inversion.
No, he said he'll be back from Europe on Thurs, news on Friday.
Considering that we are in oversold territory, a good news could give the right bust to this stock.
Looking at the graph this stock is due for a bounce before the weekend.
Maybe the pr announced for tomorrow should do it.
Of course Mr. Bidwhacker can destroy all of this.
As far as I know 450 millions is the current outstanding. Just look at the graph: dilution happened for sure since 2 years ago.
But I'm not sure at all that dilution is happening with that "first & last 30 minutes" bid whacker. DIlution usually happens at the ask.
Yes, big dumps at eod and at open, but who's selling?
Apparently on friday we are going to get a pr on SOMA.
In the meantime, I really hope that the big whacker is not going to show this last 30 minutes, otherwise we'll thank to 0.005
XCELZZ dividend
Is anyone able to trade it yet? When is it going to be unrestricted?
Thanks
OK, that means that a news is on its way for friday. RSI(2) is still a lot on oversold, if they stop dumping those shares in the last 30 minutes of trading (as well as the first 30 minutes) we may have bottomed and the L2 is thin on its way to 0.018.
We already discussed this and we think that Knobias X-Date is wrong, since if we have a stock dividend and will not be quoted Ex the ex divi date should be the first day after either record date or pay date (that's still debated).
I knew that after a mandatory certificate exchange they'll have to cover. What's the deadline is the real question. I think that they do not have to cover on the greys, so coming back to the pinks would help.
Conspiracy theory: and what if Donnie knows the deadline and is keeping this stock as much as possible on the greys, to come back to the pinks near the deadline and get an instantaneous huge squeeze?
But dilution usually happens at the ask, not at the bid.
When the ask doesn't move or is taken down after a series of buys then that's dilution.
I think that too about knobias.
Anyway are you sure that this is going to go ex on december 2 and not on december 16?
I see it on bid at 0.01
Yes you lose your divi but I think that you owe it to the buyer, it's like you become short for the divi, that's why the last day to buy and get the divy should be thursday.
Anyway that's only IMO.
So you bought three days before record date, and sold when?
Anyway this time there's not ex-dividend date set, that's why there are a lot of opinions.
I really don't know what to think about the divy.
Reading there http://www.ex-dividend.com/howitworks.html the last day could even be the 14/12, someone in contact with Larry said that he thought that the last day is this thursday, others are saying today.
As you said earlier we need a clarification. If we close at this level a good pr tomorrow can send them rightly back to 0.02 (just look at RSI(2) and what happened the last two times it reached these levels).