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Huge.. if this company's awareness starts driving orders, than sky is the limit
so disappointing
pretty decent volume for a "no news day"?
It is at 26... extremely low. extremely oversold.
The only problem right now is these stocks go down a lot faster than going up when we are in a news holding pattern.
I still am shaking my head that 8 of the last 10 days we are in the red when the FDA did NOT send out a letter requesting more info?
WTH?
Relative Strength and it still matters in Penny Stocks. Although for sure FDA is more important at this point!
RSI is at 6 month low.
Very oversold situation
My guess is the lack of news spooked short termers out of it
Not a good end to the week!
the fun part is that literally no one knows about this company yet in the grand scheme of things
Those who do are holding tight, but when they get approval and it reaches a point where institutions can start picking it up, then it will be reaching its full potential.
the fun part is that literally no one knows about this company yet in the grand scheme of things
Those who do are holding tight, but when they get approval and it reaches a point where institutions can start picking it up, then it will be reaching its full potential.
Looks like a similar set up with similar outstanding share situation
again, this is only a gut feeling, and I have been wrong before, but it did feel a little like a last ditch effort to drive some panic into the company to buy some lower shares before news comes out.
We shall see.
not losing faith at all.. have been in for 3+ years and watched all sorts of ups and downs, starts and stops..
I just was venting about people's "interesting" buying/selling practices.
I am still very confident all the patience will be worth it.
so why the quick dump this morning... we are right there with next steps for the company and AC5 and now people want to sell?
I will never get the mindset of stock traders/investors?
gotcha... appreciate the clarification
I said the incentive pay is a NON issue!
As for the transparency from Norchi... the prevailing feeling is that we would get some indication from FDA by Oct 17th? Considering how quick to panic the non-long term holders are of this stock, it would be nice to hear that there is no "bad news"
No matter what, Dr Norchi has to give the shareholders some sort of update by Monday, or definite concern will set in with those that aren't committed long term
.006% and it is has been known as it is the standard amount they issue for employees per their stock option plan for the last several years.
today's filing is a non issue.
However, interesting info I dug up on FDA 510 submissions.
90 days is a very aggressive timeline and the avg is 177 days to get approval.
check out https://www.emergogroup.com/sites/default/files/emergo-fda-510k-data-analysis-2017.pdf
Stop looking at every tick.. will drive you crazy until the news comes out in the next week or so.
Still long and strong
Own it for 6 years at .13
what are chances I break even in my lifetime :)
People need to be patient and not watch the penny here up and penny there down movements in this stock.
Every time it starts moving with anticipation of good news, day traders scalp the hell out of it. Then they get tired when it is not as frenetic and move on.
If you are in this because you believe this is the real deal and its application in the real world will be as big as we all know it can be, stop watching every minutes' price movements.
Just set some alerts in your online account and keep an eye on it from time to time.
It is not getting to $3-$5 today, but it will get there if you just let the natural progression happen.
would agree with you normally, but this looks more like someone(s) scalping a rising stock.
would be a little nicer not watching people trying to selling 20k shares every penny to scalp this.. If they just let it breathe, they could sell it 20 cents higher
Really looks like it is truly set up to run. Lets get rolling and finally see $1
As you know I have been in this a long time and dont post much..
I am obviously very happy to see management moving the process finally along to the road to commercialization.
The penny game everyone is playing is fine for the short term, but this company is still 1 year away from getting this product to market and us seeing its true exponential growth potential.
I am not selling a share as this news has given me the fortitude to sit back and hold my shares for another year, but dont expect it to try and break new highs until they get acceptance or get the CE mark application in.
At least we heard from them and know that they are not giving up (not that I honestly thought they were)... it was just too long between updates for my taste.
May be a hit in the short term, but if the company does continue to grow, this is a great thing for existing shareholders.
Companies use subscription rights to get existing shareholders an ability to buy additional shares at a much discounted price (rather than going to the open market). Used a lot when a company is not well known and has a lot of new shareholders to raise money from.
If the company is successful you will basically double your position and get those additional shares at a $1.
Long term this could be a GREAT thing
you are probably much smarter than me :)
thats funny as I went the other way from 100k shares to 50k
actually since they are already ISO certified, approval can be in as little as 12-14 weeks.
Really cant wait to see what this stock will do when they announce the CE application submitted
both your points are valid, but neither are in effect yet. Still operating under a small float, positive news, CE Mark acceptance, ability to increase revenue and a positive technical chart.
My point was purely on that basis. If they enact the extra shares to raise additional capital or issue warrants that will truly change things.
The reverse split was approved to give the company the option to reach the levels necessary to uplist if that made sense at some point.
All in all, until those things happen the stock is trending in the right direction finally
once this stock breaks .33-.34 to the upside it is going to test its 52 week high of .58
total enigma.
I truly believe that this is the ability of somebody trying to buy a lot of shares of this stock who is taking advantage of no news causing people to pay up for it.
They are putting large orders on the ask and large buys lower on the bid and forcing people to sell in fear as it leaks down (but in actuality they are accumulating).
Just my opinion, because anything else does not make sense.
funny how people have been making comments about fearing going to China.
Am I in the minority that this is a brilliant move?
With a population of $1.4B and companies looking to joint venture/partner with American companies to promote products within China and PanAsia region, this is a great move by Norchi.
People need to see the world as a bigger thing than US and UK.
This is a global use product and Norchi is tackling all the right markets.
Still very confident we are on the right track
Agree with you brahm, but you have to be patient. Without the news that pushes this stock through barriers, it will be range bound. The first is the CE application, then the CE approval, the FDA approval and the partnership with a manufacturing/distribution partner.
2017 will be the year we see a lot of this through, but it is a hard stock to watch every hour on the hour, day by day waiting for those milestones.
thats exactly what I have been trying to say all morning.
This is very good news
he didnt invest $6M to make .15 cents
the dilution is so minimal compared to the good the money will do to get us to the promised land.
Also, it went to a guy who is not looking to make a quick buck but laying out all his new shares on the offer for a .10 profit.
This isnt Maxim. This is a Director of the Company who knows those shares in 6 months - year are going to be worth 5-10X