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Also, no more premarital or afterhours mischief.
Look at ROYL as an example of a company NOT heavily manipulated after transition to OTC.
Adidas trades on OTC, and so do some other good companies that could not keep their share price above $1.
If the alleged facts are so obvious, why is the investigation not long since concluded?
And how exactly does this relate directly to MDBX and its officers? Proof?
Could be now dated data, before transfer to OTC was public...
Already been dealt with, methinks!
Maybe .02-.05 assuming more contracts and lean mgmt principles.
Someone is paying him to try to trash it and crash it, IMHO.
"Shooting the breeze"? Why don't you go f_rt somewhere else.
Thanks for speaking for all of US.
Example of ROYL, first day on OTCQB sh price fell 50% and rapidly recovered in following 2-3 days. Reduced volume during confusion affects many trading algos that trigger auto selling when volume drops below a certain level. All those who sit and wait to see what happens for 2-3 days may be wise but miss a big move by not estimating the first day's lows. But ROYL is only one example.
Very wise. They do suddenly pop up like spring weeds in deficient soil, as you say, en masse. A bit like viruses.
Indeed.
Re: joesco0918 numbers
Seem to put the sh price about .077 before the exchange transition hysteria. I don't think the Singapore investors were idiots. Should recover to at least 80% what they paid, and improve further if performance/bottom line improves. I would not wish to be Mr. Lee right about now. Poor thing...
A mere brief aberration...
Keep the positive thoughts!
Now that Frito Lay's reputation is impugned, I must say I feel a nanocule more optimistic.
Would it take our minds off the share price?
That Esperanto must be pretty exciting stuff, eh?
In truth, I never understand this question, because no one can sell except to a buyer! It was a single trade for .0104. Cheapskates!
How can over 4 million trade at 4:07 when there is no AH for this stock?
The smoke and mirrors is definitely in the conversion plans. The lowest price is so easily manipulated, and to offer 40% of that to one investor, is a slap in the face to every other shareholder.
That's if they pre-pay the debt to avoid paying the expected interest rate. I consider the .75 cent a complete mind f__k, and do not believe it can recover .75 in a year. However, the clause that forces a 30% premium is to ensure the lender gets at least their 10% interest. MDBX/NGBL could be motivated to pre-pay if possible because their debt level is so repellant to any would-be retail investors. They are going to have to hit one way, way, over the fence to ever bring back retail investors in any number. Trust is destroyed here.
I think it was minimum share price caused this, not capitalization, which I had read was well above required minimum.
Thank you. Big institution ownership was less than 3% last I checked, so that cannot explain a drop from 8 to 3 cents. One or two big shareholders who "drew a line in the sand" on delisting news, or a pair tightly coordinating a "short" then "buy to cover" exchange of shares could have caused fall to 3+ cents. As someone else said (vixpix?), it was shocking. Indeed.
ROYL is another recent example that doubled after transferring to the OTC; went from 8 to 14-16 cents quickly. They thought it preferable to a R/S. And have good prospects related to near future developments. Just offering this as an example, like ZINC. ASTI situation is NOT hopeless. I only worry that the technology is being sold out to China/ Singapore at shareholders' expense.
Could be some that made a decision to sell the instant delist news was out, at any price. Could be some who acted very fast on bad news with intent to acquire. I think there were low odds for near term recovery to $1, so except for some lucky buyers who moved fast in the after hours, I think price will soon recover to at least 8 cents range, within days.
Vicious cycles: buyers on margin get calls and have to sell. The cheaper oil is, traders will sell profitable stocks to buy oil when it is oversold, the extreme volatility of oil stocks has been causing many to wait and see... The interconnectedness of global markets will cause 2-3 day domino effects. Many reasons...
You say it is in the filings that their insurer dropped them already, and that now it will cost them much more to seek other insurance??
They must have great confidence in the year ahead to be potentially borrowing at 30%, and daring to even suggest the share price could reach .75.
We don't know that. Why not ask them.
I think improvement from here is quite possible
I think they are very much still, but I am not at all close to the company and only know what I read on the Internet from various sources.
Someone who believes they are going to get benefit from their contracts, and that a more positive earnings trends has begun, and/or some parties who hope to achieve a controlling interest - including perhaps gain access to the details of the technology(?)
But there has to be a buyer on the other end of every sale!
Wish I could remember! Part of a competition for best website graphics or something like that. Greek mythology entered into it, if I recall, but unfortunately I cannot recall the details.
Keep that thought! The void in info at brokerages today, during their name change, no doubt had an effect on price spiral down. Also dropping below 1 cent, I suspect, triggered many stop loss orders.
I'd like to see a return to 5-10 cents after settlement is a done deal.
I think it's closer to 4 M, not 2. Perhaps some of the stock sales that brought this so far down, were to raise funds for that settlement.
If you do a wider search, there something out there about the meaning of their new name/ logo.
I don't think attempts to
Improve the company's brand are misplaced.
Could be 30 days?