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The story is intriguing but the amount of pump here does concern me.
I'm content to hold for a while longer. KRTL is a small position for me so I will give it some room and some time. Good luck to you as well!
Perhaps it is because your focus and timeframe is too short term. XCPL has more than tripled in a week - give it some time.
If there was more demand for shares the spread would not be so big.
So - who is moon is who are his team?
Wait! That's MY email id! :)
Having Ng big holders freeze shares would help the confidence of smaller fish like me.
However, there is no way I would freeze my shares. Illiquidity is the worst thing for a penny stock.
If you don't want to hold and hope for a ticker coming back to life, you can call your broker and ask to do a "courtesy trade" sell for 0 proceeds. That would at least allow you to take the write off (unless the shares were held in an IRA).
BABL went from EM to YIELD to Pink Current in the last couple weeks.
Yes - the warrants become worthless.
I will be unable to listen in on the 18th, but would very much appreciate it if someone posted a summary of what was said later on in the day. TIA
I will be unable to listen in on the 18th, but would very much appreciate it if someone posted a summary of what was said later on in the day. TIA
Dang. Here I was totally unaware that "serene" and "comatose" meant the same thing...
In the market, surprises are rarely good but in this case I would take a surprise PR.
Same for Schwab. I spoke with a Schwab rep about this a while back - they don't update the "back-end" of their system in real time, so it can take a while from the time a stock goes from EM to YIELD on OTC Markets to when Schwab actually allows buy transactions. They were working on some kind of automated update from OTC-M to their "Ok to buy" list but I have no idea when that would actually be deployed.
I also think there is another element to this - at some level Calasse "wins" by tying Sharp up in court so no merger can be completed. It may be he realizes his claim has little merit, but is contesting this just out of spite.
I have maintained for some time that Sharp CAN'T settle, at least not without the consent of a specific merger partner to specific "just go away" settlement terms.
If Sharp is going to be in the business of selling shell companies to private companies, he HAS TO be able to definitively say "here is the share structure". The private company really doesn't care whether there are 10 million shares out or 5 billion shares out (either way they will eventually likely r/s the legacy shareholders out of existence shortly after the r/m), but it CAN'T be a moving target with claims coming out of the woodwork.
If Sharp had a really attractive merger lined up he would settle, as the prospective merger company would be aware of and have endorsed the settlement terms.
The fact that he hasn't settled strongly suggests that there is no immediate prospective merger partner.
One could even say that the Calasse lawsuit has become a convenient smoke screen hiding the fact that Sharp has been unable to close a deal.
How long will it take?
How long ya got?
Out of nowhere some meaningful volume for KNKT today
Out of nowhere some meaningful volume for KNKT today
That's a pretty expensive sweepstakes entry, though the prize would be worth something.
I too flashed on Breaking Bad ??
I have this mental image of Dr. Otico, wearing a gas mask and stirring a fuming bathtub with a canoe paddle. There is a really evil-looking ring around the bathtub.
That’s our production line.
When you make the stuff one bathtub full at a time you have to price it pretty dear
Tomorrow, and tomorrow, and tomorrow,
Creeps in this petty pace from day to day,
To the last syllable of recorded time;
Thank you
No response.
There is always a simple valid legal reason for restriction in the first place - the company does not want to have the shares dumped into the market. That is good enough.
We are debating something that is not relevant to the current price or its immediate prospects. This is a waste of time. I'm done.
That is true if the holders of the restricted shares are among the "general public".
To the extent that shares went to F&F, whose desire to sell are significantly influenced if not controlled by management, that is a non-issue.
The company can lift the restriction on the class of shares, but then individual shareholders have to work with their broker and the TA to get the restriction lifted on THEIR specific restricted shares. That takes time and incurs fees.
I am going through this with another ticker. There is no reason to incur those fees and the associated hassle if the market value of your position is small relative to the prospective fees, which is likely the case for many of the F&F if they have relatively small positions. Unless you have a desperate need for the cash, it is better to wait.
Right. I am sure the message to F&F is "Just sit tight. No one promised you a quick windfall payday."
Some of these shares may have been acquired for F&F by the actual insiders using the insiders own funds, something like "I am going to buy these shares for you, Bobby. They will be in your name but I will manage them for you." Some of those owners may not even know that they own the stock, or what restricted stock is.
I really doubt that the F&F are hounding management to get the restriction lifted.
I doubt it.
I think they are restricted simply because management does not want to deal with those shares being sold to "the great unwashed" in the open market. I am sure the original conversation went like this "Here's an opportunity for you to buy into what we are doing at a very low price. There will be NO liquidity until we think we are ready, so don't ask.". Additionally, having a block of restricted shares with F&F helps provide a "voting block" if/as needed for corporate actions.
The shares have been restricted, and have stayed restricted, for a LONG time. That is totally inconsistent with your thesis that they are "still restricted due to a SPECIFIC material event".
You are correct - it should not take a lot of effort to state the company's financials in accordance with FASB rules.
They have value, but they are not liquid. If there was a buyout (NOT a prediction!), the C shares would get a piece of the pie.
Ok. Baggity Eyes it is
Well, yeah. While we no longer have two sets of clowns dueling for control, we do have one set of them in control.
The company has to do a filing to lift the restriction on the whole class of shares. Then, generally, each holder of the (formerly) restricted shares has to work through their broker and the TA to covert their restricted shares to freely tradable common stock (fees involved).
Indirectly if anything imho. Not a significant driver or discussion point for MVNT.
I see no reason to do anything related to MVNT with any urgency.