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Another day of relentless pressure on the ASK, with no true support on the BID. But hey, we have a new Chief Medical Officer that I'm sure will be paid well.....lol
Yeah to PR those 1Q numbers right before earnings are due out, is total desperation in my opinion.
Yep exactly, the lower it goes the worse the dilution. Paid $4.5 mil for the PEMF assets, and we are barely above that in terms of mc.
Noteholders can't dump shares fast enough at whatever price they can get it seems. No real buying/vol support on the ask, very sad state at the moment.
Yeah right now they have nothing with sales being atrocious in the 1Q. Couple that with relentless dilution by the noteholders and this thing is stuck in a downward channel, with no end in sight. Only chance is if the noteholders ease up for awhile and we get a pump, but maybe that won't even do much at this point.
Looks like they want to pump this up higher, but you will have many flippers/sellers that bought @ .011.
Yes there were but also the mc dropped below 2 mil and OS was well under 200 mil so it was easy for this thing to move much higher.
Old school reunion here.....lol I remember when this went to a penny over 2 yrs ago and ran to .13. Almost all those guys are long gone. Back when the OS were under 200 million. Good ole days.
CDEL making money both ways here.....smh
Wow, virtually no dilution today and way more buys to sells. First time that has happened in forever here. Still premature to call a reversal/bottom by any means, as vol was pitiful, but it looked like CDEL took a break from diluting at least for a day.....lol
Yeah I know and with 2-3x the OS now, this will be lucky to hit .03 again, or will need a huge pump. And yes this is being heavily diluted by the noteholders, and the lower it goes the more they have to convert.
Constant diluters on the ASK for over a month now. CDEL is diluting this thing hard as of late. Won't go anywhere until they let up.
They get an automatic 180 day grace period to get the stock above .01. But only 1 day in the past 30 days is needed above a penny to stay listed on the OTCQB
Almost any significant amount of shares on the bid are sold off instantly it seems by the noteholder for whatever price he can get. That has to stop or like Biotech said this is heading below a penny.
What a disaster with no support yet anywhere in sight. Noteholder relentlessly converting while other's take advantage to short this down even further.
Yeah all good pts and hard to argue any of it. Flipping at the right time has been and will probably continue to be the name of the game here unless something fundamentally changes. And yes, the pops will get smaller and smaller as the OS continues to get bigger and bigger.
Also, buying by Collier and Mann seems to be all but dried up at this pt. Not saying that means anything either way, just saying the number of Form 4's and the amount of shares being bought or next to nothing.
Yeah I believe they did about 60k in sales according to the 10/k in the 4Q. And that was with Magniant not really up and running until midway through the 4Q. But yes, anything that falls short of those projections will send this tanking for sure. I just feel based on technicals will get a bounce from here because of the RSI.
With the rate of outstanding shares increasing here, and if we get no significant sales numbers from Sofpulse, then yes this will eventually head to subpenny I agree. But I think we will see at least a pump here soon at these levels. We've had heavy dilution but now I think the shorts have taken over and seized an opportunity.
Brutal to watch this pain for sure, but could be time for a flip as we enter into oversold territory. I believe MM are taking advantage and shorting this down.
Yep I know. Not sure who's buying these diluted shares, but there doesn't seem to be an end in sight or reversal.
Yep we shall see. And then 30 days or less later we will have 1Q ER
10/K won't be filed until Monday, the last day possible per the extension
Another boring low vol day but we do have a new MM on the scene, PAUL, who is only on the ASK for 10k ala ALPS, which can't be good. Should have an updated share count by Monday and a 10/K by the end of next week.
Chance to move up with ALPS basically gone, but just no volume whatsoever. ALPS on the ASK @ .025, but that was placed yesterday and they have not been seen yet today.
Seems like getting shares at .016 is going to be really hard for now for retail investors. Are you looking to add at .016 Biotech? Or possibly lower if it goes?
Same crap here daily with ALPS on the ASK for 10k, while other MM take advantage and go lower with that cover/pressure. It's the anit-WABR......Lol
And there goes CSTI putting up a large ASK at .017, because ALPS lowered the ask to .017.
The way it looks to me is that ALPS is the diluter mm with his 10k ask, and once he steps in and lowers his ask other mm take that as a cue to short the stock with their large ASKS. Heaviest pressure I have ever seen in a long time here.
I agree with you right now. Seems to be an enormous amount of shares in the .016 range. Definitely in a downward channel for sure, but could change soon, especially if ALPS gets out of the way.
Gotcha. Yeah this is not going anywhere until ALPS is done diluting or whatever their doing with their 10k ASK and seemingly endless amount of shares to unload.
Is that you Biotech looking to pick up 1,000,000 shares at .0165??.....lol
Yeah I don't either and no monetary value to these contracts, so still really in the dark until we get some actual numbers via the quarterly earnings. Seems to be heading in the right direction though. May have to file a 2 week extension if we don't see the 10/K today.
ALPS is back and no vol again to speak of. Seems to be a very tight trading range at the moment, will see which way this breaks when it finally does.
No ALPS or OTCX on Level 2 right now, which doesn't necessarily mean they won't appear after the market opens, but I'm looking more at ALPS because they have been on Level 2 before the market opens daily for the past few weeks. OTCX kinda comes and goes, so for them not to be there is not really a big deal.
You might be right Biotech but I'm not quite sure they can get this to sub penny from dilution. Vol is extremely low and I will wait to see the outstanding shares from either the 10/K or when they update next month. Dilution was strong the prior couple months, but eased up quite a bit last month.
OTCX & ALPS working in tandem to short this down with their 10k on the ASK.
I mean what is the investment angle here now for anyone looking to get in? Over the next several months you have a RS and massive amount of dilution coming, with a product that nobody wants. I just can't fathom anyone buying and holding this stock, only those looking to flip on a quick pump N dump. Otherwise there is zero hope here.
Unfortunately stock is going nowhere with OTCX & ALPS on the ASK, seemingly endless amount of shares in this range among 5 different mm, and the extremely light vol over the past few months. Although last months dilution was small, the 2 months prior added over 100 mil shares here, which makes it harder and harder to run, and if it does the pops will be smaller and smaller. Only thing that matters now is them selling Sofpulse.
Haven't seen this kind of heavy pressure on the ASK from multiple MM in a long time. Getting close to that support/buy zone it seems around .018.