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Lots of things seem questionable.
If I got in at $8s, I would be happy with 50% in a day, probably would have sold half on the break of 10s with a stop that rolled up on the rest.
Been burned badly trying to hold longer than a day, so focused on shorter timeframe trades.
Maybe swinging works for you, just not so much for me recently.
Sad that I abandoned this as it opened above $5s
$8s were a great entry based on chart.
Yes, some decent hits, probably those sitting on 6s may have had to raise their bids a little.
Still quiet, so people may still be trying to grab a few.
Seems like a lot of share available at 7s and 8s.
Is it great enough to send it to the $0.00s though?
I don't short low priced stocks as the risk to reward isn't there.
I would look for an entry once news is released though.
Rarely worth holding in anticipation these days. I still don't short though.
Not sure why it hasn't really moved.
I guess the company is locked out of selling any shares.
This company owns 90% of the other and yet has a market cap of 1% of it.
Even just selling 10-20% of their position would mean maintaining control and getting a few dollars.
You would expect this to get some decent move, even just to $5, but for now it seems stuck.
Be careful on these stocks below $1 moving up on no news.
Could be someone generating volume and interest to sell out a position.
Keep it on watch for news but be weary that someone with a substantial position may just be creating a way for them to sell.
They just did an IPO and put news out last week but couldn't bother with financials from March.
Not putting out financials in a timely matter is embarrassing for big board listed companies.
Yeah, I want to trade it as well, but companies should be punished for pulling crap like that.
Also, I can't invest in speculative Bio, just trade off of events.
The roads are too long and weary. Better to buy on moves after news with stops.
Holding through events isn't worth the risks.
Rarely will a stock instantly double on good news, but getting crushed going down 30-50% is common.
Better to buy on a pop after some consolidation if it decides to go higher.
Your experience may be different, but mine says it's not worth it. Only had to be on the wrong side holding a couple of time to see that.
Thanks for that.
Well the 1.94 million is from relatives of the CEO and COO.
Kind of scummy to put out news and then claim they can't file Financials without undue hardship.
I want to flip it, but seems like it may be a blatant scam.
They aren't even willing to put out financials.
This is OTC type stuff ... and they just listed 2 weeks ago.
Regulators should be ashamed letting a shell get Nasdaq listed.
Again, I am looking to flip it if buying comes up. But this is pretty ugly for a big board company.
I did some digging and it's quite impressive this got Nasdaq listed.
Congratulations to the children of the CEO and COO as they were the ones who sold stock (not the company).
Of course, I am looking for an entry on the small chance there is a real company.
But this definitely seems like an OTC stock that somehow made it to Nasdaq.
Also of note is that the company did not raise capital on the IPO, it looks like children of the CEO and COO sold shares.
Still might see a decent bounce here.
Just a number of puzzling things that don't seem very good.
We shall see if it was a short lived pump. Hopefully they didn't push through an IPO to cash out $10 Million.
I mean, it's impressive if that's all they did on a stock that's Nasdaq listed.
Good day All.
This came across while doing a scan over the weekend.
Seemed interesting, but the company put a release saying they would be late in releasing financials.
The company also claimed that part of the issue is the ongoing IPO process.
That seems reasonable that there may be some delay.
Until you see the delay is for financials for the period ending March 31, 2022.
I don't know, seems like something they should have planned to have done nearly 4 months later.
Not saying there is no opportunity here, just saying a few things look suspect.
$1.00 to $0.01 already? Why not $1,000 price target within the next hour?
Never change your optimism my friend
Volume just died.
Let's see if it can hold 6s
The CEO is also short?
Alright, which one of you guys is willing to go to Whitman's place to make sure he is awake to do the conference call?
Decent sized bid that is unfortunately being sold into
Come on.
What year is this?
It's not 1999.
Damn.
Was on a run to $0.10 until a big seller pushed this down.
Maybe once they get cleared out, this will run.
The call was too successful with about 7 trillion people trying to get a spot in the zoom meeting room.
As a result, we have increased valuation from a paltry $102 million to a more appropriate $420 quintillion.
The company has said they don't need to raise cash right away.
This is down 5% from top, where is the obligatory I sold the top post?
An OTC stock with dilution?
SHOCKED.
News takes time to go from OTC degenerates to the world of non-OTC degenerates.
Maybe in a couple of days after people have accumulated some, we will see non-OTC degenerates speak highly of the deal.
I mean they put out a filing that said they would sell shares at $0.07 if there was interest.
Someone may buy a million or two and collect $0.01 per share in short order.
LOL.
As you can see it is in TWD not USD.
In USD at a rate of 1 TWD = $0.034 USD ....
$58,000,000 in assets ($1,972,000 USD)
$47,000,000 cost of goods ($1,598,000 USD)
$5,500,000 profit ($187,000 USD)
Obviously.
Doesn't mean there isn't cash to be made.
They issued 11 million shares from Dec. 31 2021 to Feb 11 2022.
Past that, who really knows.
Take profits along the way.
No. That's total operating costs including compensation, rent and other miscellaneous costs.
18,000 units is six months estimate ...
Unsure of what the estimate in the second half is ... but year total is likely higher.
At December 21, 2021 we had cash on hand of $105,000. Management estimates that we will require approximately an additional $900,000 during the next 12 months to fully implement our current business plan.
If you read the S-1 filed today:
The Company has sold 160,000,000 shares of Common Stock to Crown Bridge, thus far, pursuant to the Equity Line, for total net proceeds of $797,000.
They have helped the company sell shares to raise $797,000
Do you have $800,000 you can give him to run the business?
That's how much they got from Crown, perhaps you can give better terms?
Might be that Crown has closed shop for the holidays so there isn't a consistent seller.
$0.0157 getting hits.
Well, prop bid came in at $0.019
Let's see if it has any substance and if this can bounce to $0.03s.
Biggest volume in its history - that I can see - and it's likely the a good chunk of the overhang got taken out.
Today I learned that Premium means under the last traded price.
Got to love the shorts who just thumb down a stock to see what falls out.
Hit the $7.75 stops down to $6.75
Woof.
Well, the stock is hitting high $7 and the $5 warrants are trading at $1.10s
Well ... they just started to spike now.
I guess someone with deep enough pockets could short the stock at $8 and buy the warrants at even $1.50 and lock in a $1.50 profit.