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Company is not current in its reporting obligations under Section 13 or 15(d) of the Exchange Act.
Yes, just a pnd. There is no real news, no real business plans, and no real meaningful revenues here.
They are taken from the difference. They are added to the OS but not AS.
No, those will have to be updated.
Agreed, they have some time to dilute more before the next RS. I still expect another RS this year.
The fact that the company was giving the shares away so cheap is highly concerning though. What investor wouldn't take that sort of deal, even if they had zero faith in the company?
It *is* massive dilution.
> The warrants have an exercise price of $0.07 per share, will be immediately exercisable
Well that's pretty awful.
If everything goes well, a pop to 0.1+ would be easy.
At a rate of 3 million a month in dilution, there will be another RS in a few months.
$100 million worth of dilution, basically. This is no longer a low floater.
Yeah, I'm pretty sure that is not going to happen.
You have to think of this stock as pure speculation. No-one really has any clue about the future. If you don't have the appetite for that, then sell (likely at a profit - congrats) and move on.
Yes, there is nothing stopping him from saying that the application has been submitted, so we have to assume that hasn't happened yet.
You do realize what the market cap would be at $2 a share, right?
> how is this trading without bid/ask showing
because there are no MMs
> and what r the odds for the SHs here
no one has any clue. Everything thing you are reading here is guesswork. It might end spectacularly well, or things might go down to 0.0001 and never budge further.
That's largely a consequence of there being no MM. That's one thing holding things back here.
Most of the TA is pointing to something closer to 50 cents.
I think it would need a MM first.
Exactly ... an OS of 13 billion is miniscule compared with other stocks that end up running.
How anyone can look at this and not see $3.25 in the near future is beyond me.
AS 3 billion, OS 1.6 billion - what is particularly good about that?
Share structure is pretty bad. This isn't some low floater.
Very strange. Probably just a setup for a pump and dump - at least, I hope so! It would be nice to get out of this POS.
Not at all.
Lawsuit is done and the merger will be officially announced either this or next week.
Lawsuit being over is what will push us up to 0.01, at which point the slow meltup to 3.25 begins.
Depends on how quickly we see the next step up to 0.01. If that happens in the next few weeks, then it will be a slow melt up to 3.25 over the next few months. If it takes longer to get to 0.01 then the melt up may take longer. But either way it will happen - all sorts of technical analysis demonstrates that clearly.
It's easy. You buy now and sell at $3.25. There's zero reason to accept even a penny less with all the incredible news.
This will be $3.25 within the next few months. Seeking alpha is highly accurate, and the accumulation over the last week has been amazing. Couple that with the incredible technical indications, and it is clear that the shorts are going to be very, very upset soon. :) :) :)
Are you also seeing $3.25 as a possibility?
While I appreciate your optimism, I think that's probably a bit optimistic. Looking at the charts (I won't bore you with all the difficult technical terminology), $3.25 is realistic. Once news of the merger gets out, this will happen quickly.
0.1265 per share would be scandalous. Nothing less than 3.25 is fair.
It looks like there will be a merger with a major company, likely with a share buyback. Perhaps $3.25 turned out to not be unrealistic after all.
Yes, the fact that it is not convertible is very impressive - pennystock scam companies of course generally use convertible debt to line their pockets and screw their shareholders - it is remarkable that that is *not* what is going on here.
3.3 million of revenue in 2020 - that's more than double the revenue for the previous year.
Irrelevant.
Exactly. He has a different opinion, he must be wrong!