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Because you want a clean ticker for someone to merge into. A low OS gives the new entity room to dilute if needed. Starting from a huge (~8.2B) OS means the share price will trend to around $0.0002 naturally, and that is not attractive to someone trying to go public, as they would want a high share price to begin with.
Back to? When was the last time this was at no bid?
Any news? Any Tweets (or X's, or whatever they are now)? What the hell is going on?
They run away when the price crashes. They will be back.
Damn straight. OTC's were so much more fun years ago. It seemed to change in mid 2021, when all the money went into big boards and crypto, and is still stuck there. The OTC rules changes didn't help either.
That's my thought also. But, for him to pay off debts, he may need to dilute it into the ground first. My as well squeeze whatever he can out of it before RS. He has about 2.8B shares he can dilute until he gets up to the AS, and then RS. We are already seeing 0.0002's, so we don't have far to fall. He could only make about $280K if he did dilute (with the AS we have), but should help pay off debts.
They may have had a role in the deals demise. Perhaps they demanded a full payoff to settle the debts before the transfer of power, and Tad could not pay them off, and Byoplanet did not want to assume that debt, so it fell apart. Just a guess.
Yes, that makes sense. And we will have seen the financials by then, to see what changes have been made.
Absolutely! Need some news. Tad needs to show us the future!
Someone removed the extra stuff from the intro, so that is good. Thanks to whomever did that. No need to dwell on the past.
I got here before those pumpers.
Interesting. Seems like a maker of sanitation chemicals / equipment would be considered critical workers, but I guess if you can squeeze the feds for some cash, go for it. I would.
Also interesting- Due Diligence Douchebag has not posted since the news dropped, so I guess we know whom the IRP "paid pumper" is now.
Maybe he was just paid by Rick to pump on social media, or worked for Rick as a regular Byoplanet employee whom bought $PLPL stock as soon as they heard about the potential deal?
I don't think we would see that unless we go for several months without news. That's not Tads style though.
Ask size endlessly hangs out around 400M shares. Bizarre.
Yikes... 294M on the ask. Need some news from Tad the impaler.
It is pretty impressive. And Byoplanet looked great. I'm sure Tad will find another one pretty quick.
Any reason to trust Tad now? I mean, three times so far, geez.
Contact Zigzagman for that section
I agree. You would think he would have resolved some debt during this merger preparation process. We should see the details in the next filing.
I think Tad will put out some kind of PR soon. We have been so news deprived for two months now, the market is desperate for good news.
It will. 2's would be far easier to get.
Wow. Big dump this morning. Lets hope for a bounce up now.
He's a hobbyist now? I thought he was a pro IRP? You tell the best stories.
Yeah, I think he lost his job at McDonald's and hasn't had time to post.
Craptastic as usual for NECA. What they hell are they doing?
Yikes. A bunch of 4's just piled on the ask.
Bid size piled up nicely today.
Interesting number. They really need shares maybe? I thought ETRF was E-Trade Financial (a discount broker).
I also have been around a long time, and know when someone pretends to understand things in an attempt to fit into what they perceive as the "normal" crowd.
Yes! I think we are close to some news. A lot of people got their buy orders at 3 filled, so that is good. But yeah, all boards do that when the price goes down or there is a lot of volume without movement. Everybody freaks out.
A lot of good boys and girls got their buy orders filled at $0.0003 today! Good price to get it!
They publicly said they were going to do an RS. I am averaged at $0.00046 now. I am in the hole at this point. I want the price to go up. You have no idea what you are talking about.
I think Santa Claus is involved as well, but have not been able to figure out the connection yet. The Easter Bunny is just a middleman.
He works for iHub now? You tell the best stories.
The ask size thinned out quite a bit since yesterday, so that is good. And we are getting some nibbling on the ask- even better!
Don't bet on it.
Yes, let me see those worms. Let us see how delusional you are.
They do, but they are certainly not paid by FINRA.