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Agree 100%. FINRA not going to act too quickly on the pending reverse split with that recent Wells notice overhanging. In my opinion they will drag their feet for several months in approving the yet to be determined reverse split.
What is more likely to happen in my opinion is Munro will out of the blue increase the AS from 1B to who knows what to keep the debt holders at bay while he waits for FINRA to approve his RS.
I'm still long ICLD and believe the company is headed in the right direction towards becoming cash flow positive and profitable. But as an investor in their stock I'm more concerned about appreciation in share price than how well Munro and his company does to be perfectly honest. The only way I can capitalize as an owner of their common stock is via appreciation of ICLD stock price.
SP doesn't always accurately reflect how good or bad the underlying company is. And there is nothing worse than investing in a good company with horrible stock performance. Been there done that lol.
At any rate, ICLD the stock has been in the trenches and in my opinion is long overdue a significant reversal in SP.
Full disclosure... I'm long ICLD now but do not plan to hold any of my shares post reverse split. I took a bath doing that the last time. It was brutal to say the least. Still haven't recovered from it but with my average cost per share pretty close to the current share price now a couple hundred percent increase in SP from here will make it all well worth the pain.
A couple/few hundred percent pop before the RS "could" happen and in my opinion isn't out of the realm of possibilities. That's why I'm still here. But if no pop in price I will exit stage left at any cost just prior to the RS if and when it becomes official. The way I look at it I can always buy back in post split once the price establishes a new base... assuming I even want to buy back in. I will make that determination after their next quarterly filing.
Picked up more VDRM today @ $0.0117. I think 2018 will be another good year for the company and the stock price. Best of luck to all.
Of course I do. But I never was a big fan of their cars.
Wells notice. Oh well. Not exactly the unexpected good news I was hoping for.
Nice close boys and girls!
I'm counting on that. In my opinion there is more upside potential than downside potential at these current levels given the company's restructuring efforts and where they are now vs. a year ago when their market cap was much higher. None of this makes sense.
But with risky plays like this one can make up for many weeks or months of losses in a single day should the stock explode to the upside on unexpected good news.
I just feel there's something up and someone or some entity wanting our shares at a steep discount to fair value.
And look at the daily dollar volume, it's really nothing. So a single person or MM could easily be manipulating the price down for their own ultimate benefit.
Yeah I'm not betting on that reserve either.
But dilution has to stop when the AS hits 1B, no ifs ands or buts... at least until the RS. And the RS will happen if the share price remains under a cent, no doubt in my mind about that.
But perhaps the MMs will let this breathe for at least a week or two after the AS maxes out. That's what I'm hoping for anyway.
I have no intention of holding this post split. Been there done that and it was brutal to say the least.
If I don't make bank on ICLD before the split I'm throwing in the towel and moving on to greener pastures lol.
Damn! An up day for ICLD is hard to come by.
But I'm still long and strong and keeping the faith. I'm also done accumulating and averaging down for now. Got my average cost to $0.0037/sh. It was actually lower a few days ago but I added more shares at the ask on Monday at that went against me some.
As painful as it is watching this go down day after day one would have to think that the company is worth much more than the 3M bucks that the market is currently valuing it at! Come on!
19,000 is bitcoin top, yeah right... for the time being that is. But I would bet you that bitcoin tops 50k sometime in 2018.
I held RIOT for 11 days and banked a 136% gain. Sold my position at $34.95 on Monday because I wasn't going to look a gift horse in the mouth.
I intend to open a new position if this drops below $25 today. I love volatile stocks like this as lots of money can be made swing trading them. I typically don't buy puts or short stocks. It's like betting the "don't" on a craps table, something else I don't do.
But there's two sides to every coin and to each their own style.
Thanks for sharing GTG!
They're contemplating an up to 1 for 100 reverse split.
https://ih.advfn.com/p.php?pid=nmona&article=76243943
1B shares
Oh what the heck... just picked up another 245k shares @ .0033. The OS should get maxed out this week IMO.
Merry Christmas to us all!
Nice post! I member marked you ;)
I agree with your comments. Lots of potential here but only time will tell for sure.
I started buying VDRM back in March of this year at $0.038. Been averaging down since. My average cost is now .016/sh but I'm looking to lower that if a weak hand will sell to me.
Sold the blockchain stock I bought 11 days ago for a 136% gain. I feel it's due for a pullback. So I'm using the proceeds to add to my VDRM position today if it hits my limit price.
Best of luck to you and all the other longs here!
Dilution isn't over. T trades will resume on Monday. There weren't any T-trades last Friday either. In fact, there have been several Fridays without T-trades for some reason. Those responsible for them must not like to work on Fridays. But who does?
It's not looking too promising for today at this juncture. Perhaps Friday or next week we'll see .006s.
I'm not buying any more shares at the current prices. My average cost per share now is at .0042. I wouldn't mind lowering that if given the opportunity.
Nah, this will see $35 before it sees $10 again. Too much upward momentum to stop on a dime.
I'm not worried about it. I've watched Fast Money for long enough to know that Brian Kelly is almost always wrong.
As a rule of thumb I usually do the opposite of what he suggests. When he says don't buy, I consider buying. When he says buy, I sell the stock as fast as I can if I own it.
I'm not saying RIOT won't pull back, it's due for a sizeable correction in my opinion. But on any significant pullback I intend to buy more. My cost basis is currently $14.90/sh. I'm comfortable with that but wouldn't mind lowering it if given the opportunity.
I concur ;)
My guess is they will stop diluting when revenues can start paying the bills. Tell me, how do most publicly traded companies with no revenues pay the bills? Answer: dilution and/or toxic debt financing.
Unless ViaDerma is lying, they should have decent revenues in 2018. Hopefully enough to stop or at least slow down the dilution.
You're welcome. Glad I could help.
b. Bid Price Deficiency. Companies are granted a cure period of 90 calendar days for failure to maintain the minimum bid price under Section 2.3(2). In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share for 30 consecutive days, a grace period of 90 calendar days to regain compliance shall begin, during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days. In the event that the Company’s closing bid price falls below $0.001 at any time for five consecutive trading days, the Company will be immediately removed from OTCQB.
http://www.otcmarkets.com/content/doc/otcqb/standards.pdf
Thanks for keeping us posted buzzabby and have fun at the Christmas party tonight!
Yep I agree. That stop sign needs to go. A step in the right direction.
So there should be a minimum 2 week window for a potential huge run here...
I'm locked and loaded.
I can't help but think that Intercloud's market cap should be well over the current $3M sometimes in the near future.
Call me a fool, but I fully expect them to report a profitable quarter in 2018. If they do (yeah I know it's a big IF) the market will more accurately value this company.
It will be interesting to see how this stock trades over the next 12 months. I think 2018 is going to be fun!
I'm not so sure I want them to become current now after reading this...
"On December 20, 2016, certain stockholders who beneficially owned 122,998,482, or approximately 50.66%, of the combined voting power of the common stock consented in writing to increase the number of authorized shares of common stock from two billion shares (2,000,000,000) to ten billion shares (10,000,000,000) shares, par value $0.001 per share. The Company filed a preliminary information statement with the SEC but has not filed its definitive statement due to its deficient reporting status.
On January 27, 2017, the Company’s Board of Directors approved a 100:1 reverse share split of the Company’s common stock. The Company cannot complete its stock split due to its deficient reporting status with the SEC."
Looks like they're building in lots of room for dilution. I understand a company has no option but to dilute until revenues can support operations, but I just hope revenues come before too long. I would love to see a sponsor announced soon!
I'm still long ALRT but will be watching closely to see how all this pans out.
OS now 835,168,248.
Same here but I'm all out of dry powder for the time being.
I'm not that optimistic. If they file tomorrow the SP could actually go down as some investors won't like what they report.
WHEN they report I expect lousy numbers because ALR hasn't sold anything yet. But in my opinion that's about to change in 2018.
I'm holding onto my shares too, even though I fully expect ALR NOT to make that filing tomorrow. I expect they will file eventually... just not tomorrow. I'm in no rush.
Actually I'm holding out for news of a sponsor within the next few months. In my opinion, such news will make this stock go ballistic.
In my opinion the sell off is overdone. I'm not saying the share price won't go much lower though.
But even if the OS maxes out to a billion shares that's just a market cap of 2.3 million bucks.
I'm willing to gamble that Intercloud can be worth much more than that should they eliminate more debt and turn a profitable quarter for a change. It could happen within the next 12 months. That's why I will continue to hold.
I wouldn't mind adding to my position but I think I'll hold off for now to see where the SP stabilizes at in the near term.
Everyone should do their own DD and buy, sell, or hold at their own risk and accept full responsibility for their trading/investing actions.
That's my hope too.
I feel your pain bro. But I'm going to hold on to all my shares for now. Interested to see what comes of the pending lawsuit. A good outcome could launch the stock price to da moon Alice!
Although I'm not really counting on it simply because nothing good for me has come from holding ICLD lol. But we're due damn it!!
As another craps shoot I bought a bitcoin stock today. Bit coin is up there with the tulip bubble of 1619-1622 so I expect it to implode. That's why I bought it, because I'm always wrong with my expectations.
Better luck to you soon!
I picked up another 204,000 shares a few minutes ago. Slapped the ask of .003. Slowly getting my avg cost per share down. Avg cost is now .0041/sh including commissions. Very doable.
What the heck. It's only money.
Best to all.
Very interesting! Thanks for sharing.
Exactly!
Money can be made on any stock assuming there is some liquidity in the trading. And it's regardless of company fundamentals, management issues, lawsuits, etc..
It's really quite simple. Buy low, then sell higher. Try it ;)
It means nothing though. No dollar volume.
And anyone selling at these levels will hugely regret it when ALR announces sponsorship.
This isn't your typical stinky pinky stock. LOTS of potential here for those with some patience.
My opinions.
Thanks for sharing Gifton.
It depends on what bathroom she uses.