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That looks like some great news!!
They lower the ask slowly and then cover lower by converting. They've been doing it all along. Watch.
Its not all bad, its going to dip a little and then return.
CDEL moved his fake ask up one tick to make sure he didnt get hit. Manipulation is obvious here. We'll be back up by EOD
Astute, was thinking the same.
That is highly unlikely. Diluters dont stack the ask unless they are covering lower. If you put that much on the ask, you have no intent to sell it. Unless there is news and high volume of course which there is not
No its not. They have a few games left to play and then it will be over. ARCA back in play
Hardly. Considering the volume and selling today, its holding very well
Manipulation, pure and simple. No one would realistically stack the ask that high because they know they wouldnt sell. Its people looking for 5s and 6s by scaring newbies
BMAK has enlisted VFIN to try and get some 14s to cover. Transparent manipulation today
PUMA i believe but i was busy so looked over just after
Correct. Thats what i said yesterday. 20m to go....
Sorry but why would we care about the company? It's all about the pps, any other consideration doesn't make sense
Surely the 25m are included in the current os count, no?
They will increase the AS first, then RS. The AS increase will allow some breathing space after maxing the AS with this current dilution.
Better question to ask is why are they not reducing the AS on par with the OS during the RS. That's the killer imo
I don't see an issue with the RS or the AS increase in isolation but the two together imply a lot more dilution coming afterwards. Why don't companies allow the AS to decrease by the same multiple?
This has turned into a technical trade for me, plenty more swings to play while waiting for the inevitable
That was a prelim filing with no date for the shareholder vote. They will need to issue a final version and today's PR implied 1/10.
Where does it say that shareholders won't get a vote? This PR and I'm sure some follow up progress PR's are intended to gather support imo and are a very good sign. If they didn't need the vote, they wouldn't care.
Ha ha ha ha ha ha ha ha ha
I was one of them ....lol. great start to 2014!
What does it matter? There's no trading between now and when the PR is allegedly coming so it either arrives or it doesn't.
Wow! I believe every word and will buy another 20 mill on Monday! Have a great weekend!
The current count is now 246m. The Authorized level is 300m. They can't dilute past 300m without putting out a vote and receiving a positive response from majority shareholding.
As to what happens if we max to 300m with increasing the AS? That will get interesting. For one thing there will invariably be a run because they won't have any more shares to dilute. Shorting will therefore become too dangerous and will also stop. Would be great for all of us at that point.
Negotiation will have to happen though because the notes would be in default and unconvertible.
I really don't see us getting to that point personally. The dilution has slowed right down and we just have someone playing some last minute games to max their money while the company takes a while to inform us properly on next steps.
I've got to assume that isn't bs because there's no point in telling everyone on a Friday pm that a PR will come out on Monday am if it's not?
You just beat me to that post! I got the same. 4m added.
Why don't you just email the TA and post it here? If they are not gagged, they will tell us the OS and we will know
Do we have a gagged TA here?
The long and short is that vaping with non-faulty equipment is much safer than smoking
I've yet to hear one sensible explanation for the drop apart from shorting combined with conversions. The conversion numbers are so low now it's clearly not just that.
Shorting, manipulation and small conversions. Why, what is your thought?
Correct. High 4s/low 5s are a surety with this one
Look, I'm just a realist. I bought, I sold when I saw it going down. I then bought again today. If it runs over 6 and can't hold it, I will sell again and buy back down here.
Why do you say that? The converted shares do not tally with the volume so how else do you explain the difference? MMs are plainly shorting then converting and covering here
The momentum of pr's has been increasing recently and at the same time the conversions have reduced. Has to be a very good sign
I'm not surprised at all. I actually don't think there was more than 2-3 mill converted/diluted today and there was a coordinated short attack to take it down. Many have stop losses on their holdings and that plus panic selling did the rest.
Now I would imagine there are many here who just lost their shares and want to keep it down or push it down further so that they can reclaim and continue. Luckily, I was already out for this one so I jumped back in under 5s.
More like the bs is endless....
Great! I sold at 6s, rebought at 0.0486 today and ready, locked and loaded for the rebound. How are you?
Because it had a short attack today. The conversions have slowed right down as you can see by the OS each day being posted. If anyone wants to give their money away to shorters, go ahead. I've seen this happen too many times on this stock to get worried about the daily activity.
His salary would not be part of a deal with an investor. We're not talking about some family-run small corner shop where the Uncle gives some money and insists his son gets a job. Let's get real here. $250K is nothing at these revenue levels. He either succeeds and we are all happy or he won't get to earn the salary for long anyway so who cares?
Absolutely not. These are some key roles to take the company to another level. If they were not to make it, they wouldn't have a salary anymore so I don't really understand the speculation on this board. This is not a sub-penny with no revenues trying to get off the ground, it has huge revenues with a global presence.
As of this email, our records indicate 242,424,153 common issued and outstanding shares.
Only 2.5 mill additional shares added. The conversions are definitely slowing right down here regardless of other posts. This was a short attack today. It's not like we haven't seen it happen many times on this stock already. I predict it to gap back up tomorrow.