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CEO Glenn Lake promised a CEO letter PR by THE END OF THE WEEK. I know there are people who want to say it's happening today but, I'd trust the CEO's timing estimate more. Historically, he likes to put things out on Thursdays but that's just a habit not a firm schedule.
We were all shocked at the price drop. How in the world can a company announce a 5x yearly sales contract and it cause the price to drop? In hindsight, the PPS increase that that should have brought was already built into the price. The rise from 0.006 to 0.0294 on incredible volume was the effect of the announcement. There are always some who "sell on news". What we didn't know was that those holders were already happy with their 2x-5x gain and thought it had reached it's max.
How are we different today? First, notice the volume. Much, much lower. What caused the drop was the sell-off of over 10% of OS in one afternoon. Second, a different floor. This time we are starting from .015 (instead of 0.005).
I really want this to break 3 so the run can take us to 5.
Oh, I did not mean this was a dilution machine. Rather, was just pointing out that this was prime example of what happens when that debt gets converted.
Trading range of 21-22 for lunch. Then ...
Any word on whether they are using convertible debt to finance the acquisition?
That'll do it and the reason it's such a huge warning flag.
TY. LOL, Thought I checked there. Getting blind in my old age.
For security reasons, all of my financial browser instances regularly clean browser history, etc.
How do I get to the PlusOneCoin section? Can't seem to find my way back to that.
Ah, here comes the early-lunch dip. Time to get some more in a bit; maybe 21s. We'll see how strong the long's base is.
Big blocks on ask removed. Looks like the profit-takers decided that there was more profit to be made.
What ship were you on? Obviously, not one part of a carrier battle group.
Looks like the daytraders are trying to take profits at 224 but 22 seems to be the base.
22 would make a nice base before lunch.
But, we need 3 to break.
Tab, what caused the fall a couple years ago. The drift downwards before that is typical of medical companies; without constant news they just drift down. But, then there was a cliff. What happened to cause that cliff?
If we have another 40+% day today, we'll break 25. Really want to see the 3 break before the news.
Me too. You'll especially love these. They literally fly across the water. There are videos on Youtube of the last Cup with the AC95 boats. As a sailor, it's amazing to see them. All of the elements of sailing taken to a whole 'nother level.
See StockScout1's sticky above, "Reposting FergusVI Historical Summary Quick Read" above. Glenn Lake got entrapped by the previous management. It is my understanding of that time period that Yes, he violated the rules but not out of malice or ill intention. Please note there were no penalties, etc. He was given a slap on the wrist and told not to do it again.
America's Cup World Series Auckland (December 17-20, 2020), the Prada Cup (the Challenger Finals, January 15-February 22, 2021), and the 36th America's Cup Presented by Prada (March 6-21, 2021).
The original home before the NYYC had to replace the Cup with Dennis Connors head.
Anyone watching the boats this year? Over 50kts!!
Re: Twitter
How does one see all of that activity? I know how to see a person's twitter feed but not how to see if from multiple people.
PR not coming tomorrow it's coming "next week". We keep setting unrealistic expectations for people like Callahan.
He's been out-of-town working on these deals all week. XA is a subsidiary doing it's own projects independent of CMG. Glenn has kept us in the loop all week long. He's in talks with banks on a loan and he's in talks with another company on a joint venture or a merger.
He's been busy working on long-term, very positive things for this company? Hmm, do you think a bit busy? Have you ever had a project take longer than expected? Of course you have. EVERYONE has.
PR's are corporate, legal documents that a responsible leader treats seriously and does them correctly or the SEC hands out penalties. (Cough, Elon Musk)
Chart?! $CMGO Wow, didn't know that it brings up a chart! Learn something new every day.
Let's see if the whales join us when the news comes out.
$Cracking your acorns?
$CGMO The dollar sign highlights the symbol yellow on iHub.
$CGMO. It wasn't until you posted that I knew there was any significance to the $. I always thought it was just a person's way of saying they were long.
The difference between now and then was it ran up to the announcement. The flippers had joined the party before the announcement and didn't care. That was their signal to sell. It's not running now. We don't have many flippers in currently. It will run after the announcement.
So? No run-up to news means run after the news?
-asking for a friend
Glenn making an announcement today or tomorrow?
Wow 2Milly@17 bought. Someone has confidence in CMGO.
My thoughts exactly.
Bookvalue is still $0.11 regardless of today's selloff. And, that's without any further news.
Walked away with some tasty profits so I will be reloading on the bounce tomorrow. Thursday may not reach 3 but a good bounce tomorrow will make the difference for me.
I don't think so. Glenn seems to be a Twitter kind of guy. And, as he said, he wasn't back in Chicago, yet. I think he concluded an awesome deal and quickly shared the news.
Given this announcement, I would surely buy from my profits at that level.
Honestly, I don't know what to believe. I would never believe any news from a CEO announcing 5x sales would lead to a drop. But, it happened. My average is 0.0059 so I'm still in the money but wow!
Let's see what tomorrow brings leading up to the official PR on Thursday.