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Take Care Patsy, Larry, and Toshac. Toshac wins today for sure. Made a killing on IFAN. You lucky devil. Now let's hope DCTG, and KWNK do well.
LOL Patsy. While you were on the phone, I posted the math I did on the current O/S vs. the new, and found the current O/S to be 6% of the new O/S and realized that the difference would be diluted for the new co. Glad we at least go this firmed up!
Thanks Patsy for your hard work. I certainly hope we can take this to the NASDAQ post merger. Hopefully, Hemoxymed will be something worth holding more long term. Would love that!
I like Patsy, don't see a freefall. I guess the remaining question would be the 1M shares or so that are owned by the current insiders. Would they remain restricted like they are, or could they sell in the market after the merger? That would dictate whether the float would remain at 600K, or 1.6M, the total current O/S which represents the 6% of the 20M total O/S post merger.
Sounds good Patsy. With 600K being the float on a 20M O/S stock, should really get interesting! Might be worth accumulating up to the 23rd, since the MMs seem to want ot give us shares.
Read post 2568. I think I finally got it. The 6% we own is the % of the 20 million total shares post merger. 1.6M exist in the O/S right now, and that is 5.8% fo 20M. The co. will dilute the additional 18.4M (outside of the float) for the insiders of the new co. Float will remain low, but O/S will increase for the insiders of the new co.
Toshac, you sold IFAN just at the right time. Now bidding 1/4.
The new co. receives 94% of the stock, and we recieve 6%. If the current O/S is 1.16M and the new co. will have 20M, then that represents 5.8% of the O/S that is in the current O/S. I guess from what it looks like, they will dilute the additional shares to get to 20M, and we retain the shares we have. The fact that the math comes out, probably means this is correct.
Therefore, we are both correct. We retain the existing # of shares, but dilution occurs (outside the float) to provide the new co. with their shares. Seems fair to me!
OPHD, Patsy, I'm a little worried. I think we'll receive .83/share, then only 6% of the shares of the new co. Basically, if you own 10000 shares of OPHD, you'll own only 600 of the new co. Something along those lines. It looks a R/S, of sorts, except they are paying out for the existing, then ditrbuting the new co.'s stock.
.04x .052 now. Glad I got a little more @ .035. These MMs are idiots. I hope they fry and get short squeezed to eath on some of these.
4200 shares bought @ 1.18, and they drop the bid. There is no logic to the MMs. I wish we could get about a 100,000 people to march on Washington. This has got to stop. This is our money, and the MMs are doing nothing more than stealing it.
DCTG, now the ask raised to .052, no change in bid. Unfreakingbelivable. There must be something really good coming down the pike.
KNWK, looks like you shoul have gotten filed at .23 Patsy. As usual, the MMs pull the price back. Sometimes I think I should set my ask a few cents less than wherever I want to buy. The way the MMs are, the orders will fill.
I bet if the SEC took one look at almost any BB stock's transaction log, they'd be amazed with this kind of crap. I really love the ones that opened down from the previous day on no vol. How could anyone possibly validate that, like DCTG this morning?
Patsy, I've been trying to understand this, and from what I can see, you get .83/share for the current shares, then 1 share of the new co. Hemoxymed will be distributed to each existing Ophidian shareholder. Is this correct? For all intense and purposes, there is no difference, but I don't know what the new cos. stock would be priced at since its share structure is not the same as Ophidians.
it's already done an NHTC! LOL. Looks so far like you sold at the best point you could have. Good one toshac.!
All the Bbs I'm in are being manipulated to death. I wish one of them would get some well needed respect. At least 0 is as far down as they can go. If the MMs could take them negative, they would!
Upticking again, Gosh that must feel good. Maybe the deal is almost done.
I doubt it. Moving sideways and volume decreasing. No trades in an hour.
KNWK looks like a good call toshac. I got more @ .25. Let's squeeze them shorts til they scream!
Still in IFAN toshac? Wow, amazing. Seems to have plateaued IMO, but then again, who knows.
Sorry Patsy. Looks like someone is still shorting a little @ .19. Hopefully, it wil fill. LOL
In KWNK at .23, ask raised. Could get interesting.
Freaking amazing. All those good PRs, an the price comes tumbling down. This market makes you wonder if doing the opposite of you think you should do won't work. $2 as recent as mid Feb. I think I'll nibble at this a little.
The OTCBB makes no sense. Stock giving 90% dividend and 600K float is down, one with just an LOI and nothing else, is up 250%. The MMs should be slapped, not you.
Good job. I can't seem to do anything right today.
OPHD, watch these manipulative MFs take the price down below .83. LOL They'll pay us a dividend more than the value of the stock.
Geez, toshac really does have the magic touch. Can't understand why its running though. An LOI announced 10 days ago, and it runs like this? I'd take the money and run.
Toshac, DCTG now .035x.045, with 2 on the bid. What a laugh this is!
Thanks Patsy. Again, how can a stock go down 80%, on only 10-15% of its float being traded? Don't get it. I was stuck in an R/S before as well and swore I' never do it again. No sense in selling now. I only had 25K pre split, so its not the end of the word.
Nasty spreads. Who knows why the volume is coming in? Only LOI announced, and no confirmed deal. Good luck.
DCTG, upticked again. Now .035x.038. Strangest thing I've ever seen.
QKKAD will be right back to .10 at this rate. Why companies do an R/S is beyond me. The MMs love them. They use it to tank them.
QKKAD, the POS that I own that did the R/S, closed on Friay at .08. Opened yesterday @ 2, after 50:1 R/S, that's already 50% down from where it was pre split. Volume only 22K or so yesterday. Now down to .90 on only 36K traded. Float is now 500K. Therefore, on 48K or 10% of the float, the stock is down 80% rom where it was pre split. And this is a NASDAQ stock. I'd love to know what they use for their pricing schemes, because this makes no sense at all to me.
LOL. I know I would. This is worse than organized crime. This is right under our face.
LABN, Patsy, are you watching? Upticking, an the last trade was 1.20. Looks like they might be reading to move her back up. It's about the right time. LOL
Bought more DCTG at .035. If the MMs want to play games, I'll join them! Teach those freaks a lesson.
I can see the headlines, OPHD, stock with 600K float and .83/share dividend closes down today on 25% of its float! LOL
I guess they can keep shorting with a dividend, unlike a split. This is nuts.
I meant OPHD, but you probably figured that out.