Dancin, fool... what else?
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Yep, real BROKE investors...
Thanks Georgy!
Is he too busy pissing away his money on da horses?
If you look to that stock as a common ground, then this POS will be trading at .0009 (.0072 post split) in 2 months. Not really what anyone had in mind, huh?
But the thing that is overlooked is that this is the BEST case scenario in a reverse split. And GRDO is 100% NOTHING like that other stock. $0 in cash, no deal coming today. What a steaming pile of crap Georgy has bestowed upon us...
Sweet, I called it 8 months ago!
Come on Georgy, announce that there's no deal today! We all know it's coming and you'll think up some bullshit excuse...
Wrong:
http://www.globenewswire.com/news-release/2019/02/01/1709392/0/en/Vivos-Inc-Issues-Letter-to-Its-Shareholders.html
Feb 1st the Reverse Split was announced. It was not a floated idea, but seemed to be set in stone. Well all but the official date. The price was .0472 then. What is the share price now? It's .035
Is .035 > or < .0472?
When was the reverse split announced? Not the official date of the reverse split, but the reverse split itself? It wasn't on June 26th. That requires some really good DD to find it :)
Is RDGL's stock currently up or down since they announced their reverse split?
Let's start with that...
Here's some more DD for that other stock:
Date Open High Low Close* Adj Close**
2/1/19 0.0528 0.0528 0.0440 0.0472 0.0472
And that is the truth...
Truth:
http://www.globenewswire.com/news-release/2019/02/01/1709392/0/en/Vivos-Inc-Issues-Letter-to-Its-Shareholders.html
What's the date of this PR? Oh yeah, it's Feb 1st after market hours...
"After much discussion, deliberation and hand wringing, we have decided on a course of action that includes a gentle reverse split of one new share for eight old shares"
Yes it does, and here's the truth:
"Nope, that's when the DATE was officially announced, but that reverse split was initially announced (with no specific date in mind) much earlier than that.
Friday Feb 1st after hours it was announced. Price closed at .0059 then. .0059 * 8 = .0472"
Nope, that's when the DATE was officially announced, but that reverse split was initially announced (with no specific date in mind) much earlier than that.
Friday Feb 1st after hours it was announced. Price closed at .0059 then. .0059 * 8 = .0472
That other company is currently down over 25% since announcement of their reverse split...
And some like to lose. The OTC is a despicable place filled with many truly awful CEO's. I don't see anything different with this one...
5 x 6 now, 6.6M on the bid and 7.8M on the ask
Clearly the market doesn't lie, and the market is screaming that this "deal" will not go through tomorrow!
Buy on rumor, sell on news... and nobody's buying so this will end VERY badly!
There's nothing FAKE about it, it's a wall of 25 MILLION shares.
There's no way this deal will go through under the terms given. Georgy has nothing, except a "gentle" reverse split!!
And even more amazingly is that very few people are buying those 7's.
25.2M shares on the ask, yikes!! Only 1.4M on the bid
George Helischauer screwed over his devoted investors "gently".
LOL GRDO been very very BAD to those unafraid to buy high, due to their blind faith in George Helischauer.
yay for "trying", let's give him a participation trophy.
Wanting or needing a price of X doesn't mean "The price will be X".
Let's say that George wanted to go to Harvard in order to succeed in life, but never completed high school. Well one can't assume that just because he wants to go to Harvard in order to succeed, that he will end up there!
Reality and fantasyland are often times polar opposites.
Reality is that this is trading in the trip zeros, as expected. Reality is that a reverse split is looming, as expected. Reality is that there is an LOI, which is worthless in the OTC...
It's simple math really, no assumptions needed. The numbers don't make sense so therefore this deal won't go through.
That's a BIG assumption!
"In accordance with the LOI, the Company and Starsona will enter into a negotiation period through August 23, 2019 at which time, if the parties
agree will enter into a definitive agreement, whereby the Company will endeavor to acquire equity in Starsona in exchange for an aggregate cash investment of $10,250,000, on a best efforts basis."
The best efforts basis is for the agreement itself (not the amount), which means it won't happen because the numbers don't make sense!
Reality is that the price IS in the trips...
1) 500M sharers will never get to the $10M needed
2) The O.S. will jump up by over 200%, thus the current shareholders value will be diluted.
"The company believes that the Starsona investment could be funded with as little as a 200% increase in the number of shares outstanding following a reverse split"
It would take WAY more than 500M shares to get to the $10M needed. They would need to issue at least a few billion shares, so really this deal ain't happenin!
LOI = garbage in the OTC.
He’s not a millionaire, hahahahahahahahaha!!!!
A reverse split followed immediately by heavy dilution?? I don’t see how that’s a good thing for current investors.
.01??? Maybe after a 20:1 reverse split!
Down 50%+ since before Sharp announced a reverse split... That's awesome, too! WOW!!!
Thanks Georgy!
and when this hits .0001 and then we see trades at .0002, it will be UP 100% WOW!!!
Georgy isn't trying to acquire Starsona! But it's a moot point cause the deal won't go through on Aug 23rd. None of the numbers add up.
Schaeffer's done it before (More than once!) so there's a reason to believe that he's doing it yet again.
history repeats itself in the OTC. One scammer is replaced by another scammer. Rinse, repeat
GRDO trips did hit as anticipated!
GRDO Reverse Split occurring as anticipated!
apparently wild, baseless conspiracy theories are even more fun
100% false!
GRDO isn't even on the IB list:
https://interactivebrokers.com/en/?f=%2Fen%2Ftrading%2FViewShortableStocks.php%3Fcntry%3Dusa%26a
This stock is down bigtime over the last week because of 1 reason, REVERSE SPLIT by George Helischauer!!
GRDO REVERSE SPLIT!!! Thanks for the update
6/5 = 125% is NOT TRUE
FALSE!
Not true, as that is not realized gains. If they try to sell their holdings, they will be LUCKY to sell at 5 right now. Thus they will be down. So yes, my statement was 100% true!
Oh and 6/5 is 120%, not 125% :) But it's a moot point as they can't sell at 6 cause virtually nobody wants it at 6! If they did, 6's would be gone.