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0.001 makes no sense, look at the conversion rates not the par value.
This 8k needs further explanation as you say. You always know it's bad news when you get a filing after hours. Hopefully they fill us in with a PR in the morning to offset this otherwise there will be a continuation of the carnage at end of day.
It's not as bad as you describe but it doesn't look great. It mentions $0.03 and $0.05 as a conversion rate which is confusing but one hell of a discount from current levels.
Also not sure how they can do this deal right now for 28m of shares when the AS is maxed? Maybe someone could explain that.
That one has some serious bad press. Short term play?
Only 1.5b of dilution to go!
Why should it get better coming up to the 10th? The RS and AS will scare people temporarily. I would predict upswings this week and then a dip on Friday/Monday as people exit to see what will happen.
I'm not as sure as many on here about holding through that vote, dangerous game. As soon as the AS is increased, dilution will hit again at least for a while.
So he specifically told you there would be 1 or 2 PRs before the vote?
Personally, I think it still needs to find a base and rebound from there. It was still heading down at end of day.
Unless good news comes on Monday am in which case it will rebound quickly. I don't think today's trading indicates that though.
Market cap is interesting as a target and would lead you towards multi-dollars per share here. However, its being manipulated so you have to think like a true long to hold out for that.
Always nice to know you have money in a massively undervalued stock though. It has to correct itself eventually.
Which means they will hit this hard when they see an opportunity to dip and cover.
I'd say you are correct. It will be a slow fight all the way up apart from when we break free for short periods like we saw today and when the shorts take control for a while and push it down.
Tomorrow will be an interesting test of this one. People taking profits might create a bigger dip that will let the shorts take it down. Then I'd predict the run continues in the late afternoon once it finds a base again.
All great but regardless, no shares left to convert so its impossible right now. Hence the continual increase
Catch up. AS is done, no shares to convert. Yes, an RS or AS would correct that but they are a few weeks away yet.
This will continue up
None taken. You still havent answered my question though, how can they convert when no more shares are available until after an RS or AS increase?
I'm a little mystified here. Yes, they did RS before but they did it as part of a PR role out / dilution plan. This time no news and we're supposed to have a new outlet as of January.
How do they expect to even dump any more shares with no info.
Looks like people want to pick up 3s, my guess is that 4s are the bottom. Where are we going to run to from here? Back to 16s? That's a popular level for this one. Nice 4 bagger
Picked up lots of 8s today, looking forward to a run. Volume before price
He kept doing that before. Watch out for when he is actually on there because those were the heavy dilution days
How do you propose that a "massive conversion" happens when the AS is maxed?
Whats with the discussion about 5s or sub 5s, that is ancient history now. The point was that it was always going to head north and now it has so time to be happy
Spoke too soon, they came back. They actually completely left for a few minutes there
Did anybody else notice that ARCA just left the L2? I think they've given up or gone bankrupt trying to short ECIG :)
I fully agree. Good luck to all of us!
Hey BigJuan, its been a while since I've seen you on the same stock. I've been buying up 8s here today!
What a game. ARCA comes back to try and short at 10c and someone slams up 2m on the bid at 9c to give them a warning signal that they won't be able to take it down far.
Major gap up this morning! Already hit 0.095. Would be nice if it maintained that level but we need news for that
So you were being serious when you said you spoke to J Paul Getty?
I know that's not true because he was having breakfast with me this morning. We went for an early run and caught up over pancakes at Denny's.
He offered me a money back guarantee that this would be on NASDAQ by Tuesday next week with a pps of $100! I'm pumped, roll on Tuesday! I'm increasing my stake from 6m to 8m this morning.
Also satirically written ( although no one will read this sentence and believe every word )
People don't release numbers early, they need to be produced and audited. Those processes take time.
Not sure what you.think could have happened pre-RS, it was at no bid. No ability to sell. We've known about the RS for months
Nice pump and dump here today. No business, no management and even the website has been down for over a week now.
Unless someone knows different?
Why so much talk constantly about the AS and RS vote? Anyone trading doesn't care. Anyone investing has to assume they will go through and either trust them and stay or just leave.
Not sure why anyone would invest on a gamble whether they can influence the vote and stop either from happening.
For now, I'm just happy the price is slowly trending up.
Today was not dumping, it was retail selling imo
The reason I asked is because the RS happened and the stock has already dropped. I got out today and will wait and see whether to buy back in lower
Did you miss that the RS has already happened?
Barely. It was all about 4s and 5s today
Conversion / covering. Not necessarily a bad sign for tomorrows trading.
Did I miss a PR? :)