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I also think this confirms the posts of a preferred stock offering on yahoo as being false, as they would have mentioned this in the PR. Wherever that poster gets their info, they probably confused that with this dilution news since both are at 5 cents. But since it hasn't even occurred yet, it hasn't affected the pps. Maybe one day I'll start posting over there, but with all the ridiculous statements over there, it's hard to take it seriously.
Looks like a case of the sell on the dilution news. If they do proceed with it, I think it will be good overall as hopefully this trades more often and with higher volume. Of course the chance is always there that afterwards this trades in the 1-2 cent range because of it. However, continued growing revenues should counteract that, assuming it continues. The biggest problem, however, is that new investors won't trust the numbers as they aren't officially reported. Assuming you believe the PR though, and I do, it does seem they are doing as good as they can.
Interesting on the cash raise. I see that post, but the source is questionable at best. If it is true, it's not preferred stock as that wouldn't be traded with the ordinary shares. Also if true, I still have no clue how this company can remain public but bypass most of the rules in place for public companies. Pink sheets I guess, eh?
Anyway, you can't really go by dollar basis here, especially when you look at today's volume so far of a 30 share buy for $1.80!
I know nobody follows this one anymore, but does anyone know what's up with the crazy high volume days lately? Noticed Friday's volume was the 6th highest in the last 5 years and then today's volume is up over 100k already.
Surprisingly, a pretty nice yearly update. I was also surprised to see the revenue increase by as much as it has. It reminds me of ~3 years ago when they claimed they would have 3-4x revenue and have a positive bottom line, at least one of those seems to be true. However, and a pretty big however for most investors, deciding to not be SEC compliant is a huge negative. I understand their reasoning, but this will not attract new investors no matter what successes they have business/medical wise, and no new investors means the pps will remain stagnant with little hope for an organic rise in pps. So in the end, we're left exactly where we were last year/year before, which is clinging to a straw of hope for a larger company to actually take notice and acquire them, because that is officially the only way the pps goes up here. So based on that, I honestly think a buyout around the 20 cent mark would be very fair to all involved, as 4-5m is not a huge risk for a larger company and it would reward shareholders here too.
Kind of funny, looks like someone accidentally did a market buy yesterday. And today follows up with various sells.
Wow, big sell today. Something tells me this will hold at 5 or lower for many months now.
Looks like someone is buying today, despite the agreement being officially terminated last week, however that was basically known for awhile now. Really not sure why one would buy though as there continues to be no reason to be hopeful for the future. I wonder how long the new CFO will stick around, as there's seemingly no reason to keep him around anymore and he hasn't done a single thing to get back up to date on financials. But in an attempt to end somewhat positively, unless they plan to release them all at once?
I think I'll stick here. The Yahoo board might have more people, but it appears to be just one person who pumps multiple stocks, including VODG, who says this is going to 50 dollars in 2 years...
At least here there's historically been more insightful posts, albeit not lately. Although goes with the overall interest with the company too, as a quick skim of the historical data suggests interest is at a ~5 year low. 9 days in a row without trades... although we're currently on a 2 day trading streak! Ugh, makes perfect sense though given the events this year. No reason to be interested for sure.
The latest 8K seems a bit unnecessary, unless I'm missing something, it basically says that unless they get the 1.5m funding, it still won't be executed. So basically they still aren't pursuing the matter, as stated in the June 8K.
It's also been over a month since the new CFO was elected, yet still haven't begun to catch up on 1.5 years worth of financials. One would think this would be his #1 priority.
These days of 59 shares traded today, or 31 a few weeks back are hilarious. Manipulation at its finest.
They've never really executed any plan here though, so maybe it's not too surprising this also fell through. I mean, I know they are small with basically only Musick, with others coming in and out over the past few years, but still. Probably should have gotten out of this one when they failed to have a 4x increase in revenue, then should have gotten out of this one when Musick randomly sold shares, then should have gotten out when they never achieved profitability, then should have gotten out when they quit reporting, then should have gotten out when they failed to find a buyer for the company, then should have gotten out when Liter left (again)....
Anyway, interesting about Yahoo. There used to be absolutely nobody posting over there and way more posting here. Now I guess there's a new group of suckers and they prefer it there? I might check it out either way.
So to get this straight, they hired a new CFO with the knowledge that the loan to expand the business was not going to happen. So much for considering buying more here! Maybe I can sell some before the pps goes back below 5...
Looks like things are moving along, slowly that is, but that's expected. Hopefully we get another update this week on the cell center and loan. And with any luck, get up to date on the financials sometime this year with the new CFO. I don't expect any PPS increase to be sustained over 10 cents until the financials are up to date.
JNUG looks like you were correct. 8 straight down days, assuming it ends red today. Looks like 4 for a bottom? Or rather 16 after Monday. Should have had a stop loss here when I bought at 6, but I've seen this one bounce up 20% quickly. Live and learn I guess.
JNUG definitely seems near the bottom here, but I'm a little uncertain about the upcoming reverse split next week. I'm already in this though at 6, so I'd be happy with a pop back to mid 6s.
As expected, this has been delayed a month and a half. And hopefully not more, but that wouldn't surprise me either. Nothing is quick with this company. I look for this to trade back around 6-8 again until then. Although this time around, I might look to buy more.
More buy volume today than I've maybe ever seen. Hopefully that means something good.
52 week? Try 104 week high! Maybe this one will get more interesting?
Welp, I guess my limit order at 7 cents I set up last week isn't going to go through anymore! We'll see if this upward momentum holds. I think in order for it to, we'll have to hear something from the company this week or next.
Some interesting news, that's for sure. Although forming a subsidiary is kind of the opposite of the merger or buyout possibility from a year and a half ago. Based on the past here though, I would be very surprised if this all happens within 2 weeks. And it seems like a non-reaction from the very few eyes that are actually on this. The best news IMO, and if it actually happens, is the updated news and getting current on the filings. We'll see, I'm sticking around but $5 a share? Not gonna happen. Heck, 50 cents would be incredible!
TNXP Nice! Out at 9. Thanks for the notification the other week, OP!
CETX just doesn't seem worth touching until all the lawsuits are taken care of.
INVE needs to hold 6.60. got a stop loss in at 6.50, almost hit it today. If it dips, it's back down below 5 quickly.
$INVE Yep, I'd expect it to continue to at least 9, where it might run into resistance. I was thinking 10 last week, but not sure it gets that high anymore.
$HEB ahh here's a name I haven't heard in several years. Made some decent money back when it was a penny stock the first time. Will look into it again though!
Mine updated.
$INVE held mid 6s yesterday. Bought and looking for 10.
Took a chance on this, looking for a double, but wouldn't be surprised at -50% either.
$INVE watching, looking for break above 6.60
Also been watching JNUG, looking to buy below $5. Looking to buy more GORO at $4. Watching CETX, but only for the entertainment, closing a factory now? Might buy again if it drops to $2 or below.
GORO I'll be watching to see if this bounces off the 200dma. No additional buy yet.
GORO I haven't sold any but probably should have, ha! I'll be looking to buy more in the low 5s.
I'm also watching GSS, looking to buy in the mid 80s.
If gold continues to increase, I expect the mining companies will catch up quickly.
GSS held fairly well. GORO was holding but poor (non) power hour. Will likely buy GSS tomorrow or next week for eventual market downturn.
GORO VGZ GSS I expected gold stocks to be doing much better today. What gives?
CETX exactly. It doesn't matter if it's all lies, but the perception is already in the garbage. And then there's always the chance that one item is true, and that's all it takes for another 50% drop. I think it'll take at least a couple months just to rebound to the 5s if nothing true comes out of it, let alone where it probably should trade in the 6-8 range.
I hear ya CETX has got me stung a bit. I had sold some earlier after the first lawsuit and just had to sell the rest after the second. Couldn't stick to my plan of waiting until after the conference call, it could below 2 by the end of today...craziness... poor decision buy yesterday and today... Happier note, bought more GORO earlier, which came back nicely today.
CETX Wow... wondering if they even have the conference call tomorrow after skimming through that! Maybe scams occur more often than I realize, but I've never seen so many details of deception before on a Nasdaq company. I think I'll stick around through tomorrow to see what they have to say, depending on that I might cut my losses and move on. Probably put more into GORO.
CETX Got my order filled.... Hope you're right, although this is now 4.33, so I now expect 3s. Would love for this to bounce to the 20d after the conference call tomorrow, but I don't see it happening. We shall see.