Retired NYSE Broker & NASD Trader
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I don't see how you identify all these trades as ""covering",, ""diluting"",, whatever,,, all I see is 80+ mil shares swapped hands and the pressure was placed on the buys to hold support. Which I thought they did in fine fashion--down .0013----in a few weeks this will all be forgotten, TOTALLY!
It might get that high,, but probably not in my lifetime---that's 37B+---
Actually, we are rather close to being current----we need the 2020 10K and the 1st 2021 quarterly----the 2nd Quarter has until Aug 15, plus an extension ,, if requested-- This is 7/22 and 8/15 plus an ext is only a month away---
Anybody that wants to jump ship now , methinks is being rather ,, should I say, politely,, ""shortsighted"" ???
Anybody see it differently????
WOW!!!!Over a milly on the ask and 2 minutes left in the trading day---wtf is going on???????????????`And then,, just like that,, it's gone
OH, to be a kid again,, trying to find a reason to skip school--and not get in trouble--
https://www.sciencealert.com/here-s-how-kids-are-using-soft-drinks-to-create-fake-positives-on-covid-19-tests
What's going on---Do you know???
I used to skip school. 1st grade, and watch them launch the ships sideways into the East River---or was it the Hudson?????? too long ago---
Can you post a screenshot of your order, showing it filled. Thanks in advance
You from queens?Not far from where I'm from.White rock
Moondog---you are too far out under the AZ moon enjoying your vk---and you will never be tall enough to reach the moon---but, if you hang tight, RGBP will reach it for you-------------LOL
GEEE!!! Come on Goldy
There are NO,,, shorts that control A 2 cent stock----
There is no profit in it----
Lets get real here---
This is MM shitz!!!
Nor are the HEDGE funds doing us dirt----if you believe that I am incorrect---Please name one Hedge Fund or one short---
I have been around since dirt was invented---just ask Moondog---
Surprising market activity for RGBP today,, especially with the earlier 8K regarding the auditing----JMHO, but aren't the financials then all completed???? The audit just verifies the veracity??? correct???
To me , thus is very good news,, but the mkt seems to think differently,,
How do you audit financials if they have not been completed?????
Earlier in my career I was in the Corporation Commissioner's office in Oregon and my client had submitted his intra state Prospectus for limited intra state stock offering,, totally completed, but un-audited,, an error was discovered,, a lease car was being carried as an asset-- it is a liability----the auditing of the completed Prospectus in the Commissioner's office discovered it. That is the purpose of an audit---IMHO
I think we are very, very close---all the heavy lifting has been done--IMO
What say you CPAs out there???????????
Thank you---
One of your many excellent posts--
Is it an AON order???
Those do not show
PS
The more shares pulled from the float ---the higher she goes more easily---
That's true---it could be going on---they could buy up to 5% with saying anything ,,, 10% and they have to notify the SEC---but ,, to your point,, if they bot 200 mil shares and saved 50 cents a share---that is not to be sneezed at---suppose it was 350 mill and they save a $1 per share---I'ld be very happy with that--if I were the buyer--- might even give the folks who pulled it off a penny bonus---
Beautiful!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
OH NO
somebody has the cork out and using the bottle instead of the glass---
Good evening there sunshine----
Methinks someone doesn't understand corporate structure---and the purpose of different types of corporate paper---
Preferreds are like debentures/bonds
The common shares are what was offered to the public as part owners, and each share caries one vote--
Who said anything about a reverse split????
Are we on the same page here????
GLTY on that premise
Johnny
You need to start doing some research--
There are many hybrids of preferred stock
I don't think so---
He has more votes due to his Pfd shares
But common stock is ownership and each share carries ONE vote ----
NOBODY CAN OUT VOTE OR OVERIDE HIM
Been doing DD on the preferreds all evening--
Common shares always have voting rights---one share -- one vote
Read the prospectus---
That's what we need for the Preferreds---is the original Prospectus
CONTINUED
What is Preferred Stock?
Preferred stock refers to shares of a C corporation or limited liability company that carry special rights to payment of dividends above the rights of common shares. The preferred shares will normally have a stated dividend that is payable quarterly or annually. The dividend can either be cumulative, meaning that if it is not paid it adds to the next period’s dividend, or non-cumulative. In exchange for the dividend preference, the preferred shares rarely have any voting rights. As a result, they will not have the opportunity to vote in any buyout or merger transaction.
You need to get a response from the CEO as to how he will handle the PFD shares in a buy out
OK---Back to the FWIW Dept[/
When a company is bought out by an individual or another company, the purchaser will usually take possession of all of the common or voting stock of that company. The buyer can offer cash or the stock of its own company in exchange for the target company’s stock. As preferred shares are generally not voting shares, it is not necessary that the purchaser redeem or buy them out when taking over a company. The buyer has the same options as the original owner in dealing with the preferred shares.
Thanks
I am
Better every day
Yes,, that is why I no longer own those pfd shares
PS---I forgot--are those convertible???
Bx3
When a security is sold a tax is incurred on the profits--it is either a capital gains tax or an ordinary income tax---depending on how long you owned the asset--if it is a share swap--there is no sale, therefore no tax incurred until you sell the new asset or shares.
FWIW Dept
For those that have never been thru a buy out---it's very interesting as to what happens to the PPS of both companies ----The purchase price is fixed---that is the only knowable---the pps of both companies will vacillate---and could do so greatly---you've got the "option" people and the "arbitrage" people---the shorters and the MMs----don't forget the MMs.....pisses them off.
If the investment community thinks it is a good deal for the buyer--that pps may rise prior to ex date and could rise greatly after the completion of the buy out---and the trading PPS of RGBP could rise to a premium over the buy out price,, and, yes, the reverse could happen---if the buying company is unable to comfortably digest its purchase----or if the investment community doesn't see the value in the purchase,, well-----nuff said there.
In our case ,, Our CEO is cleaning up the house , going current, audited financials, so that there will be no problems and he will handle the entire transaction----so , NO miscommunication!!! And RGBP will be very transparent as to what is being purchased---so no fear of the buyers pps declining---if it is a stock swap---or a partial stock plus cash--
Me,, I will sell some just before and take stock for the longer term in the purchasing company--why?? well as you know, RGBP has a lot of patent value, and will be a very fine asset in a larger Pharma Company--and could be spun off a years down the road--and I don't want to pay the tax
To find the ending -you need to tune in to Batman & Robin on Fri nights.
cheers GLTYA
Bonnie
Another reason for stock buy outs instead of cash, is the tax consequences.
A cash buy out and you are taxed on the the whole enchilada according to your tax bracket and date of purchase---unless this has been changed by the IRS
If it is a stock swap---there is no sale and no tax incurred===you exchange your $200,000 of RGBP for $200,000 of XYZ-----your date of purchase of XYZ remains the same as the day you bot RGBP----unless that has been changed--
Bonnie
Yes,, Thanks to Falon I still hold ENZC
and thanks to Skil and OTC I hold over 7 figures of RGBP
The dollar value of your holdings will be the amount of the offer times your shares---and will be effective on the sale date---sorta like an ex dividend date--until that time---The mkt value of your shares will fluctuate all during this time period as it is still an open mkt on RGBP until closing date---
Reason a lot of folks sell instead of going thru is that there is many a slip tween the cup and the lip-----and you can always buy the shares of the company taking over in the open mkt ---
And if there is a slip, The price of RGBP will drop like a lead sinker---makes for a nice quick buy back---
Bonnie
Since I have been in the market as a broker and an investor since 1961,,, I have seen all kinds of buy outs , take-overs, hostile and not so hostile---
First thing that happens when it becomes a verified rumour is your PPS begins going up rather rapidly and the flippers are prolific during this--
When actual numbers are bantied about the PPS will rise up towards those numbers and we will lose a lot of our short term ""investors""===
So, if you hold all the way thru and the buy out is $2 per share and you own 100,000 shares ,,, this is $200,000 dollars---if the company pays in its stock , and their stock is trading at $10,, you will receive 20,000 shares=== totaling $200,000 in your brokerage account of said company
Cheers and nice to see you here,,,art
PS all JMHO
#504
Keep on rolling
hey Bud----
Yeah,, not too far from being the same ole ass@#$@^ as always----but working towards it---
Love the action on our stock---
OTC SHOTCALLER seems to be the guy who knows his schitzz----along with our 5**** STAR Analyst SKILUC-----and personally ,, I think it is a hell uv a lot more skill and knowledge than luck---for the both of them---- Not tooo many boards get the blessing that we have been given!!!!!!!!!!
Between OTC and SKIL,,, we have been blessed with some damn fine DD
May I announce that!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Now ,, any body who wants to be invested or who is tottering,, please go and read their posts-----it is not hard---just scroll down to where it says posters and click---viola!!!!!!!!!!!!!!
cheers and thanks too all who bowed their head in prayer for me---Sincerely,, I really do appreciate all of you!!!!!!!!!!!!
Art--
ME TOO!!! SENOR or is it SENORITA????
I think they have slightly less than 75 mil shares OS-----we have slightly less than 4 1/2 BILLION
Someone once asked --You know how long a Billion is---well a billion seconds ago Jesus walked the earth----I don't know if that is true or not,, but it sounds good...
I thought I recognized a lot of their write up and did some looking backwards at your posts---that's why I said in my post ""aside from OTCShotcaller"" this was the best I had read for a write up on our stock---
T
Those that sold,Should read the micro cap daily report.
That micro cap daily write up Is Outside of what OTC shot called has published here The best write up I read On our company.I have printed it To paper.I have some docs that I would like to show it to That worked on my heart,,, they play the market