Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
To me it seems like all the bigger bids over the past month or so, are nothing more than note holders converting shares. Who's buying them I have no idea, but any big BID seems to always get sold.
Same pattern here being repeated. Let's see how far she drops this time. Someone wants out with over 4.5 million shares and keeps dropping their ASK price. No news and nobody willing to hit the ASK with any sorta vol.
I agree with you Bio, that's what it all basically boils down to. The market is saying no chance right now, but in your opinion what kind of sales do think they will do by the end of the year? I mean obviously there sales projections of $300 mil next year are unfathomable, even selling a few million by the end of this year seems like a huge longshot.
Yeah I've noticed that. We are staying above the 50 dma as of now, so might be some tepid support above .013, as it hasn't crashed below yet. Something has to give here in this range eventually.
Hey Brojazzy, your not going to hit the ask @ .0145 with about 70k and see what happens???....lol
Relentless conversions of the convertible notes that have become due, and the noteholders are cashing in. Have to wait to see on the upcoming 10/Q. Also, costs have probably gone way up.
Huge wall at .015. Going to take around 60k + to get past just that 1 mm ASK. Still holding above the 50 dma, but not looking good otherwise.
Disregard, OLMN is now on the ASK.
Interesting to see what happens with OLMN. Yesterday they were on the BID only, at like .015, so never really in the game. Today they are on the BID only, but at .0165, with just 10k shares. Looks like someone wants to buy/ accumulate shares, but that's obviously just my opinion.
Just noticed that Craig. And only on the BID right now, which is obviously a good sign if he really starts buying, like WABR did.
The only way to know is from the 10/Q or 10/K.
ASCM is a nasty mm
Yep, looks like she's headed right back down again.
Yep, definitely need something concrete here.
Yep, quite the run though from .009, but let's see if this gets walked back down. Amazing with all that vol/money and couldn't crack .0247, but that just shows you the level of dilution/OS
I've thought about using DD Amanda, how has it been for you?
The one thing about these T trades over the past week or so, is that they keep going higher along with the share price. Of course we all know about the dilution, which obviously sucks, but I'll take 2 T trades at 8 mil that are over 20% above yesterday's close. Hard to say though where this vol is coming from, and whether or not this is just being pumped up. We'll see if/when we reach the 200 dma what happens.
7.2 mil shares less than 15 minutes in. Strong vol
Yeah I hear ya. Hell, even 5% of these forecasted projections would send this much much higher. At least they already have a FDA cleared product, that has sold in the past to treat pain, and with the opiate crisis we have today, shouldn't be unreasonable to think of this as a good alternative.
These are very ambitious projections to say the least, and would take the absolute perfect scenario to happen for Sofpulse. Which means wide acceptance from doctors and hospitals. For what it's worth, I was told that they didn't have any control with Magniant, their national distributor, so they decided to go in-house and hire and sell Sofpulse themselves. Here is what Andrew told me when I asked him about the sales projections.
Endonovo management provided the sales projections based on signed contracts, prospective deals, expectation levels based on sales and marketing efforts, etc.
They are projections and management is standing behind the numbers.
Yep, bottom line is they still have to prove they can sell Sofpulse. Otherwise this will eventually drop back down like always. But the chart set up very well over the past 2 weeks for this run imo. Breaking and holding the 50 dma was big, and now you see the run to the 200 dma. Trend is your friend in either direction.
Yep, but this is the OTC and mm can and do control the stock in either direction as they see fit. But BID pressure has been steadily increasing.
Showing very strong support and like I said will run to the 200 dma, buy that's where this has always fizzled out. I've been watching the foreign mm GTSM on L2, very interesting.
All in all a good day here, although the close at .017 is definitely inflated, with less than 10k shares at that level. Even that large T-trade of over 2 mil @ .0141 is not bad, as that is still higher than yesterday's T-trade and we'll above the 50 dma.
Holding the 50 dma yesterday and solidly above today is big for this stock. Support is slowly building, as you can see on L2. But it will take a lot of churning with the dilution and flippers that's for sure. I do think the technicals will test the 200 dma, but we'll see.
Bid support still shaky here. Look at those buys @ .016 and now we're at .0134.
Yeah Craig I'm here. Looking good so far as this has been compressed downward for such a long time, and we are now trying to break and stay above the 50 dma. We'll see how the rest of the day and week play out though.
Just an enormous amount of shares to be dumped all the way to .013. Traded over 10 mil shares already, and can't get over .0125.
Yeah the market is not buying into any of these extremely lofty sales projections.
Haven't see any new article come out Craig. Best day in a long time here. Nearing the 50 dma, which looks to have quite a bit of resistance.
Yeah they sure are trying to pull out all the stops to no avail right now. Heavy dilution over the past 6 months coupled with horrible sales to date, and this is why we are at a penny. Downward trend is still in tact, and the 50 dma keeps dropping like a rock. You would think you could swing this soon at this level for a quick double, but you never know.
Let the pumping begin.....lol
Looks like she's definitely headed below a penny. Never been this bad here, they have really done a number on this one. Countless garbage PR's recently, but the one that took the cake was announcing 40k in revs in the 1Q as something positive. Completely ridiculous.
ALPS is back on the ASK with 10k, not a good sign
Yeah they are screwed with the sp at .01, it just takes that many more shares to convert to get paid by the noteholders. .03 used to be pretty good support, but that was almost 100-150 mil shares ago, and now we need double/triple the amount of shares down here to keep the lights on. Going to be very tough to get this to move now, unless they crank up the pumping machine somehow.
Damn, how many endless shares does CDEL have to dump @ .012???
Only slightly over 6 mil shares added last month, am I reading that correctly? Kinda surprised if that's the case.
Yeah the level of competence here leaves much to be desired. All the insane amount of money wasted on those stupid pump articles, and now to PR these ridiculous sales numbers and try to spin them as great, is beyond belief.
Yep I agree Bio and that's why we are at where we are at. Desperation time and the market knows it. I actually emailed Andrew @ IR and asked him about the "Performance Thresholds" and why Sofpulse sales are so atrocious. Canned response from him that sales are what they are and the evaluate the performance of Magniant.