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.33 print. FINALLY!!!
Looks like you are gonna have to move your bids up guys, LOL
Yes, you are correct; It would be good to see something more substantial than a Letter of Intent. LOI are frequently just another smoke screen.
It is a continual thing with SAPX. Many (including me) are convinced that a large part of it is non-stop dilution, the other part is probably massive manipulation by big traders, IMO.
They do it every 2 to 3 weeks, pop it a tad, and start all over again.
Rinse & Repeat, LOL.
EDGX still messing with the share price.
Hard push down already this am with 140,000 shares on the ask at .3075.
No it is not.
What IS at issue is the likelihood that SAPX intends to use up all the value of their equity to a point where they need to RS again to increase the value of each share (since there will be less shares out again) so that the shares will be worth more when they want to use more shares as currency for more deals that do nothing but pay their big salaries and expenses and legal judgements, but do NOT bring in income to the shareholders with respect to being cash flow positive and produce positive NET earnings.
I think you have the idea of what is going on.
That is the way it looks to me also.
Not very long!!!
It is rolling right along I would say.
Rolling downhill.
Wish I had more settled funds to add when it gets down to .23.
Maybe it won't get there until tomorrow or Friday.
I'm assuming you mean the SEC rule with regards to staying on the NASDAQ. You are basing your thinking on a HGUE assumption.
The SEC does not decide they have to RS, the COMPANY decides to do a RS because they know they want something from their share value and share structure like
1) staying on the NASDAQ,
OR something else like
2) to be able to have the ability to print out more and more shares at a higher price point to use shares to make deals with other agents, or
3) The company already knows they cannot get the shares to attract a value of over $1 with the deals they are planining on using the shares for, ... or
4-...)for whatever other reasons they may want to do a RS (like to get rid of some shareholders).
You are assuming that SAPX is thinking they can get this share price above $1.
If they see evidence that they have to continue diluting more and more for the deals they have in their sites, and they do not want the shares to go into the sub-pennies because of this, they will find a RS attractive, regardless of NASDAQ listing status.
Besides,the company and banks and other institutions will be able to see $1 is not in the cards well before they let on to the public. That is when they surprise the shareholders with a RS, because they have been banking on us continuing to buy and hold based on making assumptions that the only thing that will cause them to RS is when the SEC is about to delist them from the NASDAQ.
Not the case, there are other reasons they RS, and I think SAPX is a company that will use those other reasons.
Why do you think that?
I anticipate very soon in this new year that they make such a move.
I am staying VERY nimble with trading this because of that.
Just wait for the RS when you can buy a whole lot more of the company for a MAJOR cut in price from today's price. This company is just milking all the equity they can out of these shares right now.
Then they will start anew with the fresh split shares and we might have some potential for some share price appreciation (albeit, for only a month or two because they never give their shares too much time to do us any good before they start milking them again) from the profits they got from milking these shares dry.
Thar she BLOWS!!!!!!
Now let's see how long before it hits .29s
I think it is destined for the .20s again.
Yes, I've been watching the Bollies for a few days now wondering which way they were going to have them break.
Still watching for this thing to play out!!! C'MON SAPX
Still here. Just waiting for this to play out.
I think this puppy is moving upward a bit tomorrow. I may be wrong, but I just have that feeling. We will see when the bell rings in the am or an hour or two later, LOL, seeing as how slow this trades at market open.
Not as yet but you never know with these guys. Last time they did a RS, they took a lot of shareholders by surprise, so I am thinking it is at least a 50% chance.
No, not lately. I sold 15,000 in the .37 to .39 range to buy back at .31 to .33, and I ended up buying a third back earlier at .335, but will not buy the rest for a while because this looks so unhealthy.
You are right, it is not moving enough lately to make it worth it. So I will just sit on my core and wait for information.
Famous last words!, LOL
I believe that is what Peter told Freon just a week or so before the last RS. Check with Freon and see how long it was before it occurred.
I certainly would not bank on that confirmation. I am still holding the core and trading around it, but I sure will not add to accumulate an enormous holding on a company as undependable as this one.
IMO a RS will come right after the new year.
Are you now ready for the next RS to hit and clear all us longterm traders out?
I think my core position losses might sting just a tad, but my trading shares have made enough money to soothe most of the sting, should we happen to get that distasteful surprise.
About 15,000 to 20,000 shares left for those of you with over 100,000 to 150,000 shares if they decide to do a 7 to 10 for one reverse split or something along that line. That might be enough to still play with for a while. Let's just see how hard they continue to dilute after the next RS.
That is the name of the game with these pennies, as we all know.
Regardless of whether they trade on the NASDAQ or the OTC - works the same as we have witnessed here in SAPX (on NASDAQ) for the last 6 months.
And I sure hope you don't.
Ohhh Boy! Here comes the daily DUMP! LOL
Step right up, get your shares now!
I'll be soakin them up Big Time about 8 days after they announce their next RS to get rid of all these extra shares they have diluted us shareholders with. All in my honest opinion.
Looks like a good entry might be around .80 or so. Just waiting for the dilution news to settle down a bit before re-entering.
Why did you take yourself off as moderator on that other stock board?
Sure needs to make an upswing today.
If not, How much longer do you think this can hold here? Looks to be getting pretty tired!
Looks like it just broke through that support line there.
I wonder if we go back down to the 20's, or if it holds the low .30s as it has done before.
From Dr Pennystock, will be interesting to watch.
We are not allowed access to current updates on that information.
Gagged TA, remember.
Give us another 150,000 to 200,000, and we get there!
I'm thinking this may very well close above .405 today.
Or maybe, I'm just hoping, LOL.
Not the ONLY one. You will make the big $$$$$ also, No?
And a few others ;>)
Dr Penny, did you see my PM asking you to update the chart in the sticky note?
Never have to cry if you trade around a core position and understand the reasoning for such.
I bought a few more at .388. Was not planning on having this many, but it looks to be ready to move up again, might as well ride the ride a little more full than the last times.
AND????
Hey man, I'd be happy with $1.50. My target is $1.80, but $1.50 is a nice start, especially without something to let us know the revenues are flowing in.
Not sure where you get $4. I don't think that would be a reasonable target unless they sign a great actor for Neuromancer or show us a nice positive revenue stream to be able to bank more money on.
Well, well. I thought this ATM had broken down and would be floundering for a few weeks. I'm sure glad I kept my shares because this looks to be the positive move I had been hoping for.
Now, whether or not it will be sustained is the next question. IMO we want this to slow down a tad. We want this one to be the run to over $1 and if it goes more than 10% per day, people will start jumping off the train and derail the run. 10% a day for 2 to 3 days and then let her hit us with a couple of 50% days and we will be looking mighty pretty.