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It will have to be very substantial news for pop to $3.00. "Good" is relative...IMHO it has to be "Spectacular" (which can be relative too...lol). Investor "Good" and Company "Good" are two different languages...obviously.
Sorry, dont subscribe to the "conspiracy theory" ... Chart has broken down big time ...and DSNY is in a death spiral.
Absent BIG WIN, BIG NAME, BIG EXECUTIVE SHAKE-UP (Marketing/Execution)...IMHO..the ONLY way for DSNY to go Nasdaq is through RS, otherwise a long dig out.
Kmikesara...You make an excellent point...it is hard enough to reason with BB type investors that buying another Van's favorites at $5.50 "was (is) a value" which company was and is running on all cylinders.
The Share Price is a "wall" because BB shareholders cannot absorb the "market cap" concept/value. They are driven for the most part by # of shares they can buy vs. the market value of the shares.
That is why I keep saying RS will do nothing for SH appreciation, unless there is a Short Squeeze (which appears to be not in the cards) or Fund participation over $5 (which IMHO is doubtful without first a Big adoption and Revenue Win)...which leaves BB investors for SH appreciation (very strongly doubt it for reason to which you alluded) or holding the price until the company gets traction (maybe).
IMHO...for current SH this feels like a long term hold ... (It does appear to have hit (or is near) its low). The only other choice is if they are are willing in the short term, to go elsewhere in confidence, in hopes of making up ground before DSNY does.
The reaction to the RS will be interesting to say the least.
Under "equity standard" or "net income standard"...there is NO 90 day share price requirement. Just closing price of $3...but does not specify # of days, (but definately NOT 90 days)...DSNY was told $3 for 5 days in their case.
http://www.redchip.com/blog/index.php/uncategorized/sec-approves-alternative-nasdaq-listing-requirements/#.Uv86hPldVbQ
"Under the new NasdaqCM requirements, a stock can qualify for listing if it closes at $3 or above for at least five consecutive business days prior to approval. The five-day requirement is in place to reduce the risk of price manipulation aimed at allowing a security to qualify for listing. In addition to the $3 share price requirement, the company must meet the following requirements:
Stockholders’ equity of at least $5 million
Market value of publicly held shares of at least $15 million
Two years of operating history
Or:
Net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years
Stockholders’ equity of at least $4 million
Market value of publicly held shares of at least $5 million."
Conference Call summary....Partnership with(and Ownership in) SPIHF will bring in very rich margins and more revenue from CLOUD transformation of customer list. Overland in the sweetspot of Cloud computing now...next quarter we will see Revenue wins...
http://seekingalpha.com/article/2022831-overland-storage-management-discusses-q2-2014-results-earnings-call-transcript?page=2
"In fact, with our partnership with Sphere 3D and V3 Systems, we began building the V3 Systems virtual desktop appliance in December. We currently have beta customers using this enterprise mobility product on both the appliance and on the cloud. We plan to introduce a suite of workforce mobility products into the market over the course of this calendar year beginning with a phased rollout of our appliance product within the first half of this calendar year. As we noted before, we will offer this innovative products in 2 different delivery models: one, as an appliance to be installed at the customer location; and the other, as a cloud solution.
We're very excited about the capabilities of our new enterprise mobility and cloud storage solution, which will significantly expand our addressable market. We also are excited about the announcement yesterday that we expanded our relationship with Sphere 3D as a result of their recent agreement to acquire the product portfolio of V3 Systems. Overland and Sphere 3D are integrating their technologies to introduce a virtualized storage platform or software-defined storage. With our integrated platform, users will have the ability to virtualize storage as well as virtualize native applications and virtualize desktops.
As part of our existing supplier agreement with Sphere 3D, V3 Systems offerings will be included and delivered through Overland channel partners. We expect the combination of the joint technologies of Sphere 3D, V3 Systems along with Overland's NAS platform to create a unique value proposition that satisfies paying [ph] point in today's growing market."
Van was not wrong, it WAS Reported by Pumps and Dumps...up to company to correct "inaccuracies" if they come to company's attention and Company did.
Or it may be that they believed in the technology and management and now question management's ability to develop the technology and don't believe in management's ability to execute.
As an aside...it does sometimes happen without company awareness or approval by third parties trying to manipulate stock either way:
There are some "promotional" companies who take payment from anyone (including investors) and will pump or try to manipulate any issue. One does it on Ihub all the time and their crew just obliterates the chat room with assholes trying to pump, (usually).
One stock I was trading had it done...company swore it did not pay for it, but of course it look cheesy (besides annoying) and looked bad for the company. I called the source and got confirmation that it was not the company who had paid for it, but they would not say who, except it the payor was out of Ireland (and I knew he was heavily involved with the company and pumping it ...to dump shares) .
So it does happen.
The issue with $2 is the number of days in a row at $2 bid. ...90 days...
could be...or ...close...might have to base here for few days...
imho...dont believe there would ever be any serious consideration of $15-20 a share by management or shareholders...look more toward your high mark.
NASFAQ can make an exception and lower requirement for XXII to $3 for 5 days as they did for another of Van's picks.
IMHO...Excellent observation:
Anytime you give the Gov. an out on making a tough decision...they will take the out.
"I suspect the FDA actually is hoping for passive widespread adoption before they conclude their years of study that might drive them to actually have to decide to do something like mandate lower nicotine levels. Market driven acceptance makes their job easier by avoiding a backlash from tobacco companies and other parties that the FDA will likely confront with a ruling that is perceived as a radical departure from the status quo."
Looks like an "arranged" sale of stock...someone might have given the company the courtesy of a call to let them know they were liquidating down at $1.20 and company stirred up some bulk buyer down here who was looking for vol...just a guess....
He did not ask for my opinon and IMHO stock is below PlayMPE value...just telling him "I" would not sell at a $70K loss...if it were me...he might anyway...obviously the pain is very great for him.
He definitely not a trader. With his luck he will sell at $1.20 ...it will got to $1.00 and open at $2 on a big announcement.
One of my associates just emailed me:
"I need an extra throw-up bucket……….mine is fucking overflowing"
My response:
"Hey ....Warran Buffet says "buy when you feel like throwing up"....great technical indicator."
ps. he was too cheap to subscribe to Van's newsletter... now sitting $70k in the hole on DSNY. He must hold.
Bottom line...performance by Management...
Those saying "only strong hands remain" are not being realistic. Many are underwater and would rather "wait and see" with RS and alleged "Short Squeeze" to become whole again...than take a loss.
But if no "squeeze"...or substantial contract win...they will sell at break-even be big resistance on the way up.
my answer to that ...get off the emails with investors and meet the potential big "customers" ... screw the Investor Conferences...SELL SELL SELL (if the product is ready)... funds are not going to buy it on Steve's Word...they will on his performance i.e adoption and revenue.
true..probably only 2 or 3 Million shares left in their hands...my guess.
And whose product would you buy if you are "sick" ...XXII's plant or someone else's not self-regulated and one that can do further "harm" to your body?...
...but we are getting ahead here...
Two words: "Investor Confidence" (or lack thereof)
It does not help that DNSY investors are also keenly aware of two other stocks where management is executing like a fine swiss watch. I believe Steve will get something done...at sometime in the future...but What? How big? and When?
ps. also...many investors understand a RS generally spells "sell-off" and has negative connotations...many dont want to risk it.
Brooklyn...re previous posts today
1. There is no "contract" reported or deal
2. RS is not a means to "support" SP but a means to fabricate a new one, without any evidence that it will be supported thereafter, and
3. IMHO...no Manipulation...unless you are referring to retail Sellers of DSNY as "manipulators" running (in their opinion) to other more promising investments...(each day I get calls "I sold or continue to sell my DSNY)
4. There are other Big Players in DSNY...who I predict will give up very soon (to preserve some profit) down under .80, if a REVENUE DEAL "confirming the clipstream technology" is not announced very very soon.
ps. More fluff on EU "expectation" is too much of a transparent obvious attempt to support the stock with this alleged "March" approval. It would have been better to say nothing...rather than to show weakness in having to "manage" the SP. And they are setting themselves and SH up for more disappointment. If someone whispered from the EU that they "will get to it" by March...there is still no guarantee (or they would have given it to them) and will be a big issue with SH if not received by March...
More and more desperate moves ...rather than keep the old head down and just getting the job done! Revenue, Revenue Revenue...via Clipstream
I'm not an advocate either...though allegedly "smarter" people (In the Medical Field) than I, believe it to have legitimate Medical application.
If they announce something in that limited area...(and charge a premium for it)...then there is no "taint".
And again, IMHO..."Where there is smoke, there is fire" (as long as the smoke and comments are not from smoking a joint)
What is the point in telegraphing your
anticipated sale of 10k shares?...
If I'm a buyer...I would wait for you to post your sale or let the bid drop while waiting for your unloading...
If I am a seller I would run to sell before you do ...which would drive price down....
in either case ...puts pressure on the price...so what's the point? asking permission here or reaction as to whether is a "smart move"?
OK..here it is....personally...IMHO...its dumb thing to do (and move).
Why?
...on the first point of "telegraphing"...just plain foolish (and I am being "kind" using "foolish)...unless of course you are trying to drive it down to buy more.
...on a fundamental basis, XXII on verge of uplisting which could spike it to $4 or more and with Van's commentary on Med Marijuana...IMHO where there is "smoke" (Van's comments), there is fire!
I would look for an announcement of either they have put Marijuana into their labs, or already produced a plant with low carcinogens...for Med Use...(how much is that worth for the "hot" crowd?...probably $2-3 points on the hype and $1 fundamentally). So IMHO...in the next couple of weeks, we could see $5 to $7...if we get uplisting plus "whiff" of Marijuana involvement.
I think Van has a direct link for refund after 6 months.
Only hitch is that if he refunds subscription fee, the subscriber must remits to HTFBS all "gains" earned on recommendations.
Otherwise if you have losses, no refund, because you obviously were not able to read and understand the Newsletters and therefore could not read and understand the refund policy.
Seems very fair to me!
My point JamesK...long ago...management is trying to "manage" share price instead of focusing on managing the company...
Its time they stopped spending so much time on "chat" and spent more time on marketing its product...
Telling everyone "no more chat" responses..."up to our eyeballs in orders" is what SH want to hear...not more "non-revenue" fluff
Having a patented technology "not selling" is useless.
Deal was negotiated and structured well with no nasty "warrants" or "finder's fees" which sometimes hide another 20% cost or dilution to a deal.
This management team is executing and performing as they "represented" they would...and have acknowledged the revenue train for their "actual" product is chugging along...
Both SPIHF and ciggy are refreshing...transparent and reliable management...IMHO all we need to do is to sit tight on both (adjusting between could prove counter-productive) and enjoy the ride...
Pete ,..you sell a technology company at the highest and best price (maturity value) because TECHNOLOGY never stands still and there will be a company (as soon as SPIHF gets big) gunning for IT and its technology...IMHO...let someone else take the risk from there...you say Never?
"Never say Never"
ps. You wouldn't take $500 a share right now?
Question is when do revenues commence and ramp up?
As we all know from another issue...it can be a long and lonely road between real "roll-out" and revenue and SP appreciation..
Zedster....Thanks for response...a very good feature by e-trade to hide "actual" shares offered and show just minimum (100).
Pete...wondering about #3 for months...an obvious no-brainer, but something no one from the company has commented on:
"3. Does mgt see any chance of combining the best of Brand A/B into a Brand C (low nicotine/low tar&carcinogens) that would become a world beater?"
To correct the record...those who actually know Van's philosophy and investment strategy behind HTFBS will acknowledge that it is not a daytrading, swingtrading or even short term trading strategy.
It is a Buy (before the market discovers it) and Hold (to reap the Disruptive Rewards)for the long term.
Accordingly, many, though maybe not most who have been in DSNY via HTFBS acquired DSNY two (2) years ago. I would say MOST got in over 1 year ago.
The exodus of many of the HTFBS investors has not been on a "quick buck" whim, or lack of patience. Nor is it because of anyone shouting the "Sell" call. It has been from individual investors listening to Van presenting the facts and expectations from management and presenting managements explanation for "discrepancies" regarding those facts and expectations and then at given times making independent decisions to move out of DSNY and into better performing HTFBS issues.
Everyone has their own tolerance to risk and assessment on how much "gain" they are willing to lose and how much opportunity they are willing to lose and how long they wish to wait for performance in light of other opportunities.
There is no doubt that a great deal of HTFBS investors lost confidence in management and moved on. But there are still a significant number of shares purchased by HRFBS investors under .80 which they are still holding. If all the HTFBS investors sold out IMHO, DSNY would be under .80 or even .75 right now
These die-hard holders from HTFBS will probably hold on until the AGM/RS plan is played out. IMHO, as an investor, obscuring the facts by using multiple straw-men of "a bunch of day-traders from a newsletter" or "a boogeyman naked short as the cause for this stock performing poorly" is not wise investment strategy. Holding management accountable for performance and recognizing that its up to management now to perform and gain confidence back IMHO is the correct perspective.
?...you mean "market orders"..???
Yes...always looks expensive when at its high...until it blows SP away...then we all feel like geniuses!
....IMHO seller/scalpers here are going to feel foolish very soon (very healthy volume here...imho more to come).
Ztockings...IMHO that alone will be great for SP appreciation...
Someone is sitting there...on the Bid @ 2.85 not showing "ALL" they really want...saying: "come to Mama" IMHO..the PM could be interesting.
time to leave the scaplers in the dust! (let them buy back higher)
...but their is "small print" not printed....THEY MAKE EXCEPTIONS TO THE REQUIREMENTS....As an example DSNY has been told $3 for 5 days...and they are on...but dont see that on the schedule you posted!
$2 for 90 days not 60, $3 for 5 days with all the other requirements, unless waived. They are looking for the "quality and support" an issuance has...they dont want "weak hand"a "pump and dump" issuance in the club.
Nice list ZED...but "Bottom-Line" ...Nasdaq can and does make tweeks (exceptions...except perhaps $ trading at...$2. $3 or $4) on all of their "requirements" and this will be no exception...
Dont forget ... Nasdaq and NYSE do not make money unless the company is listed...and they compete!
I'm not going to dig it up...but I warned of Bureaucratic BS months ago...this Administration had no respect for "rule of law"...
...but IMHO...NASDAQ uplisting is almost as important...for keeping SH elevated...(in the meantime)...as well as "other" catalysts/news