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Another fantastic day, and it looks like the mm know there will be news coming and just trying to control the inevitable. I actually hope we don't hear anything official until Wednesday myself.
Yeah I agree Mighty Mouse, the longer we can delay the actual news the better. Anticipation alone over the next couple days should send this over .02 and higher. I don't see much downside now whatsoever until news hits.
Yep exactly. The traders that are/were aware got in early and that's where almost all the volume was for today. With such light vol the rest of the morning and into the afternoon, it gives ASCM a chance to really control the action. But like you said, only a matter of time.
Yeah I know, right?.....lol Massive run leading up to the news of RTO, and now it's consolidated very nicely in this area, as to be expected since we have not heard a word from the company in almost a month, and none of the many catalysts have come out. Only a matter of time imo
This will be a monster in the coming weeks, lots of $$$ waiting to get in before the catalysts hit, so the run up to October in anticipation of the major catalysts alone should take us much higher.
Yeah very weird without any news for this big of a gap up. Something is up
The landscape will change dramatically here over the next 8 weeks or so, with at least 3 significant catalysts due by then.
Big bids blowing out ASCM!
Yep they sure are. Working OT to try and cover
How long can ASCM hold this down?.....lol
Hey Bio, what's the latest OS that you know of?
Yep, PAUL and OTCX on the ASK only is not a good sign.
I agree with your overall sentiment that it will continue to drop, but the r/s was announced basically on Oct 31, and the stock has completely fallen apart since then. So a lot of that has been baked in. I'm just arguing they will do a pump and dump after the r/s, but afterwards it will continue it's downward trajectory, the path it's been on for awhile now.
No doubt Craig. Triple whammy here I believe, and not in a good way. First, they announce the r/s at end of October, Second, 3Q earnings fall way short and below projections, which they subsequently pull them for the 4Q and beyond, Third, we are at the end of the year where people sell for tax harvesting.
Sometime after the r/s and probably next year, they will pump this up I believe. But of course that will be the extent in my opinion, unless some major news hits.
Yeah you were definitely spot on with that call. Amazing how much O/S has grown this past year compared to the year before. Complete disaster, bought Sofpulse for $4.5 mil and market is less than $2.5 mil!
ENDV is at less than a 1/3 of a penny, and sits at a mc below $3 million at this time. I blame this solely on the shoulders of Alan Collier. He came out with his sales projections back in June, forecasting break even by the end of the year and over $300 million in sales the following year. Making these sort of sales projections when you don't even have a sales staff in place, or 1 single contract with any hospital, shows me that this guy is either reckless or is just trying to keep the stock propped up with giving potential investors a huge carrot. A new technology like Sofpulse doesn't get adopted by hospitals and doctors to the level that Alan Collier was predicting. Doctors especially are very reluctant to change. So even if we get contracts with 100's of hospitals nationwide, there is no guarantee that the doctors within those hospitals will adapt Sofpulse.
Another thing Alan Collier decided to do was end all pre-clinical trials. Granted trials are expensive to run, but making ENDV into a 1 trick pony all but killed all long-term shareholders, knowing how long it would take if ever to sell Sofpulse.
Lastly is the reverse split. Which will not change anything about ENDV or the perception. It's not going to make institutional investors run out and buy ENDV because you just did a 1000/1 reverse split. We are still a penny stock and one that has sales going the wrong way when they are supposed to be growing.
Now the mantra will be, and this is what they are saying, is that it's taking hospitals and lot longer to adopt Sofpulse. So just give us another 6 months or year or indefinitely. Well I'm sorry Alan Collier, the buck stops with you and you have failed in this capacity as CEO to all shareholders.
Yeah it's a joke. Going back and comparing to 2018 numbers is very misleading and ridiculous.
No Biotech, all those phony numbers are now being pulled, so there are no more pro-forma projections anymore.....LOL
Complete joke. Sales are worse than 2Q, and now we know for certain his numbers and forecast back in June were a total joke. Alan is in full control and the buck stops with him and sales are a joke. Market Cap now is virtually what they paid for Sofpulse. He has no credibility whatsoever, and without sales they have nothing but hopes and wishful thinking. Today's PR is nothing more than spin and kicking the can down the road.
You are being too kind madg.....lol
Wow, haven't seen that size BID in awhile here.
Buying 600 shares at less than a penny??....lol Not sure that would prop up anything.
Always easier to go down instead of up, major roadblocks going up. Going to take some serious vol to go higher than the 200 dma, if we even get close to that. Need to see 3Q numbers, plain and simple.
Looks like a short lived run possibly. OTCX has taken over and simply not enough vol to chew through all the shares.
Even without the heavy dilution the last few days, still a ton of people flipping here, especially ones that bought in the .0062 range, like Biotech has alluded to. Gapped all the way up to .01, the 50 dma, let's see what happens from here. Still really light vol considering.
Nice jump yesterday as we had double bounce off the RSI of 30, so this is probably just a technical bounce once again. And this was still with very low volume. We are right at the 50 dma and now the 200 dma has been brought down all the way to .016. If there is no major dilution, we will probably move past the 50 dma, but may struggle once again to push past the 200 dma without any significant news. Next 2-3 quarters here will definitely tell the story whether or not this thing will take off, or remain forever grounded.
First really decent BID since PAUL has left. I'm interested to see what happens with it.
While PAUL seems to be gone for the moment, going to need waaaaay more vol to get through these areas of resistance, based on the number of shares here and flippers.
No PAUL today and no T-trade. Will be interesting the rest of the week into next.
Still very weak BID support and very low vol, so even with PAUL gone for the moment, still hard to tell if there is a reversal here.
I know, right??....lol Shocking looks like PAUL is taking a breather, not sure if it's for good or what, may just be playing possum with low vol.
Yep unfortunately. I've never seen this stock have virtually no support whatsoever for this long. Any big or large BID is always sold off the BID eventually. PAUL has been absolutely relentless converting shares at whatever price, and probably shorting the stock at the same time.
What a shock, PAUL controlling everything on the ASK with 10k. Every large/big BID is sold off on the BID, and then PAUL moves the ASK lower and lower with 10k. Exact same pattern now for months it seems.
Different day same story here. PAUL in complete control diluting/shorting this thing ultra agressively. Been happening for 2 months now. Wouldn't touch this until that changes, if/when it does.
Yeah no way to stop it except for great sales/rev numbers. However, from a technical perspective I think we get a bounce from here soon, although it will continue lower after that obviously if nothing changes fundamentally.
These toxic convertible notes are brutal and almost should never be used. Must be nice that the noteholder can short the stock down and cover whenever he wants to at a 35% discount. Double whammy here is what's happening. Do they ever really succeed for the shareholders?
Yep, noteholders can short this freely, knowing they can cover their positions at any price with conversions.
Yeah, what a disaster. Still no support even at these levels. Glad I held off buying again so far. Just looking to swing this but this has looked so hopeless and bleak for the past 2 months, especially with PAUL in control.
I'm wondering if that was PAUL, since they disappeared off the ASK early in the day, which hasn't happened for over a month.
Oh believe me I see what's happening, but they also say they will be break even by the end of the year also. Without any serious sales/revs, this will dilute into oblivion just to stay afloat. Not much longer to wait just to see what the numbers look like.