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The dilution is killing share price
Heading back to trips unfortunately
$SONX some DD:
-Assets: 88M, Liabilities: 51M
-Trading at 1/6 their book value.
-Market Cap: 4.9M
-Institutions Own: 57.7%
-Insiders Own 16.60%
-Cash on hand $55M
-2023 Revs approximately ~$44.0 million.
-Recent Form 4 - Net Insider Buying. Last 3 months ~320,000 Buys ~95,000 sells.
-52 Week High 2.95 Low .075
$SONX some DD:
-Assets: 88M, Liabilities: 51M
-Trading at 1/6 their book value.
-Market Cap: 4.9M
-Institutions Own: 57.7%
-Insiders Own 16.60%
-Cash on hand $55M
-2023 Revs approximately ~$44.0 million.
-Recent Form 4 - Net Insider Buying. Last 3 months ~320,000 Buys ~95,000 sells.
-52 Week High 2.95 Low .075
$SONX some DD:
-Assets: 88M, Liabilities: 51M
-Trading at 1/6 their book value.
-Market Cap: 4.9M
-Institutions Own: 57.7%
-Insiders Own 16.60%
-Cash on hand $55M
-2023 Revs approximately ~$44.0 million.
-Recent Form 4 - Net Insider Buying. Last 3 months ~320,000 Buys ~95,000 sells.
-52 Week High 2.95 Low .075
That dump was from a fund that was required to dump due to delisting .. and yes, it will move back up sooner than later, imo
SONX - From technical perspective, there’s a gap to be filled at .23 , should move up to that level soon, imo
$SONX From technical perspective, there’s a gap to be filled at .23 , should move up to that level soon, imo
From technical perspective, there’s a gap to be filled at .23 , should move up to that level soon, imo
.0016 and the slow bleed to trips continues ,,, terrible
- if presented plan is accepted for NYSE listing reinstatement, then this could see dollars instead of cents, imo
“The Company has notified the NYSE that it intends to submit a plan to regain compliance within 45 days of the notice received on November 15, 2023 advising the NYSE of definitive action it has or will take to regain compliance. If the NYSE accepts the Company’s plan, the Company’s common stock, par value $0.001 per share (the “Common Stock”), may continue to be listed and traded on the NYSE during the 18-month cure period, subject to the Company’s pending NYSE appeal and hearing determination.”
https://stocks.apple.com/Ays32J3YDQJq8AC5wzvKH_A
SONX - if presented plan is accepted for NYSE listing reinstatement, then this could see dollars instead of cents, imo
“The Company has notified the NYSE that it intends to submit a plan to regain compliance within 45 days of the notice received on November 15, 2023 advising the NYSE of definitive action it has or will take to regain compliance. If the NYSE accepts the Company’s plan, the Company’s common stock, par value $0.001 per share (the “Common Stock”), may continue to be listed and traded on the NYSE during the 18-month cure period, subject to the Company’s pending NYSE appeal and hearing determination.”
https://stocks.apple.com/Ays32J3YDQJq8AC5wzvKH_A
$SONX if presented plan is accepted for NYSE listing reinstatement, then this could see dollars instead of cents, imo
“The Company has notified the NYSE that it intends to submit a plan to regain compliance within 45 days of the notice received on November 15, 2023 advising the NYSE of definitive action it has or will take to regain compliance. If the NYSE accepts the Company’s plan, the Company’s common stock, par value $0.001 per share (the “Common Stock”), may continue to be listed and traded on the NYSE during the 18-month cure period, subject to the Company’s pending NYSE appeal and hearing determination.”
https://stocks.apple.com/Ays32J3YDQJq8AC5wzvKH_A
And recent insider buying is another huge positive, imo
That’s why I added at .12, once plan is presented and accepted for NYSE reinstatement, could see dollars instead of cents!!
Lol I know right .. omg 😂
Lay off the hard stuff lol smh
Wtf are talkin bout, smh lol
Thanks!!
How high you see share price going by April 2024 ??
So this is a miner??
Any thoughts this could see .02+ by halving in April 2024 ?
Think this goes under .002 this coming week?
So who was selling?
Isn’t there another gap at .0016? Thanks for any insight.
Then why they all tanking? All crypto stocks tanked over last couple days ..
Understood. I’ll wait for bottom as well
Ain’t looking at float. Need outstanding (O/S) to remain untouched. When Authorized gets dumped into Outstanding is called dilution which causes share price to drop
Dilution
It’s called dilution
Curb your enthusiasm. Going back to trips
Ok good luck my friend. I’m not a fan of dilution.
Sorry for your loss…
Back to trips. ????
This will be in trips by middle next week, imo
Sadly, trips are looking more likely than not.
Hope not!!
Not bashing. Just stating the obvious
Broke support at .002, not a good sign
Sadly, when news pops, it’ll be in trips.