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Long pregame
If i recall they said they would file something regarding the finalized audit then the Q's would follow
But ya. Dont expect much this week.
Oddly most patterns like this hit above that area.
Just keeping a bit back in case it does.
Has to start moving first or the set-up wont matter
ZZZZZZZZZZZZZZ
Morning all
Another snoozefest till we get these fins
Bears really showed up this eve
Fins must be close
Yes sir. This end of the world reverse split has a process to work thru.
HO HO HO
Nice edit.
Jeez lol
Using CAPS wont get the reverse split date approved any sooner
Its gonna really get interesting one way or another. Maxed out with fins coming and a reverse split without a date.
There is certainly lots more to see
Keep watching. Just my view on the past 10 months. From a selling climax to a shakeout.
Ill be sure to keep my eye out for that big reverse split date ;)
I firmly believe this is what a shakeout at the end of accumulation of a 0.0001 stock looks like
Fascinating, as it something ive never seen done without a price drop to make them give up shares.
Very common occurrence at the end of accumulation before big runs into markup
HO HO HO GL to all!
And those are just his most recent missed projections... Its a long, growing list
Although i tend to believe Q's will be very soon as he wasnt projecting a date to sell shares after dropping the reverse split bomb
ZZZZZZ
Morning all. Looks like it might be another snooze fest today
Even if the statement meant tomorrow? It doesn't matter. There is a process of approval for the reverse to be intiated once fins come out.
I believe the absolute fastest time frame it could be is 10 days after fins come out if all approved and paperwork filed. Thats also being unreasonable after the recent issues with the company. who knows even FINRA may even have take a quick look under the hood here.
.0001 stock coming off a stop sign. Redflag for sure
Seamus said...
Seamus said August then September, then October
We could play a game and fill up the board of things Seamus said over the years that did the opposite, or was severely delayed or simply did not happen
Also odd
The company has never had previous concerns with throwing out the ballparked revenues before filings for the shareholders in the past. If anything they couldn't wait.
They now have the numbers but Seamus states something like they don't want to provide in case of error.
Really now?
Yep. I've been wondering the same.
It may be nothing but due diligence for compliance purposes in the coming years but such a thorough audit on this type of business certainly has the mind wandering during the long wait. Not unusual practice for some type of merger. But all we can do is speculate until they get these damn filings finally released in the next couple weeks.
ZZZZZZZZZZZZZZ's until they finalize the audit and Q's
In the previous pods and even September Jolly waved the pom-poms explaining the stock as 'grossly undervalued' or in others claiming 'hes a buyer here on the open market'
October, nothing of the sorts in addition to the depressing messaging from Seamus
Interesting.
I believe Jolly mentioned around '8 billion' in the pod that stopped the excessive buying. So that's the low end.
Our buddy Georgie used a 70% dilution ratio and had us around 9.7B. So that's the high end.
We likely wont know the real updated count until the Q's come out.
And1 Skull. Something we see common ground in.
There was a 10000-1 approved, ready to go hanging over almost the entire year (accumulation period IMO, and we likely disagree here)
Now some are in a new found fear over a split that is not even approved yet?
Even posters that agree a split is coming to obliterate common shareholders are perplexed with each others logic.
What a place this is!!!
HO HO HO. GL to all
Find another 0.0001 stock with this level of interest or volume over the past 10 months? Even today when there is fear we still have buying. And yet we have had zero good news in how long?
As Ben said earlier today its as simple as supply and demand. Any good news with no supply left will get the ball rolling, once the ball is rolling with no shares left what do you think will occur to the price of a stock that is so heavily watched? No one will give a crap about the podcast split discussion.
Extreme fear is quite normal prior to big runs
Its not about thinking. Its pretty much mandatory fins are coming out prior to removal of the stop sign.
There is plenty of time in between if there is positive news. Since we are pretty much close to maxed out already, that can change the game entirely.
In the current situation and state of the stock the Company has to proceed with the R/S for the reasons Seamus discussed
Lots of moving parts in the days/weeks ahead
Anywhere between 8-10B.
With the current volumes following the pod last week the exact number wont matter too much.
Two most possible scenarios I can see in the coming days/weeks:
1. News of any slightly positive nature is released and we slaughter the remaining shares immediately to max. Moon shot
2. We tick slow on the current lower volume towards the unapproved reverse split initiation date many weeks from now which some feel is coming before any positive news
My bets are placed
Had a feeling good George would come back this week
Maybe Monday it gets filed as the pod is still available
But it really doesn't change the impact these pods had on common investors here or the situation and maxed-out set-up we have in front for the next few weeks until this unapproved R/S gets any ground.
Lowtrade nailed it after the first video. If i recall he stated that Seamus was clearly trying to sell shares in that video. We can argue with some all day if it was to max out for a R/S or max out for run. But lets be clear we are going to know soon and no split is currently approved and they are near maxed.
September pod: It was all positive.They made no mention of the approved R/S that was just over 20 days from expiry at that time
October pod: They put a clear halt to buying with the talk of a R/S thats not even approved Just one month later another podcast? Thats certainly uncommon. I love the chatter about the message boards before laying the R/S hammer.
HO HO HO, Its time to GO!
Bottom line there are currently few shares left.
Any positive news in between now and an unapproved reverse split with no known date should send this soaring.
People can debate when the reverse split or the impact once it finally gets approved in the coming weeks but this the reality until that time.
And best part is we know certain info is soon to be released. Will be interesting if there is some positives in those fin and they can get JRMC up and running in this time
HO HO HO
Any dates or projections Seamus gives on the pods should be taken lightly. Long time bulls being fed cows waste for years and even moreso normally skeptical bears who just got fed their own dose in last pod should really know better.
Who knows for sure when we see 10Q's, 10k's or 8K's? What i do know is we are near maxed, with fins to come out prior to any possible R/S. Not to mention JRMC nearing re-open shortly, millions in re-reimbursements coming, recent private investor backing millions. Interesting time indeed.
This could possibly be quite the pressure point in this stock.
HO HO HO
Agree, I'm in the game & more relaxed. lol. Go enjoy the weekend.
We'll see what next week brings, I can fully guarantee it wont be a split and certainly wont be carnage
Hoping of course, moreso expecting. Stay tuned for the next few weeks. GLTU as well
R/S is expired not cancelled. But in reality its the same outcome.
Laying the groundwork to re-initiate an approved split is a process that will need to be worked thru over a few weeks.
So the split is not happening for atleast the next couple weeks and we are basically maxed out with fins imminent plus a likely reopening JRMC very soon.
So to say there is a good chance with anything positive in the near term this could run like Usain is an understatement. Lots of moving parts between today and the split that has no date approved
You are also making a very basic assumption this can only run if CEO has a soft spot for commons. Commons have little to do with why this could run
There are bigger investors here. In markets, accumulation mixed with fear has an interesting impact. This has been under serious accumulation for some time and Seamus just put the fear back into commons.
HO HO HO its time to GO
They likely do need a RS at some point run or no run
And if no run they need it for the reasons Seamus spoke on the pod
The assumption the bears have is there is no run coming. That's where I differ
The only flaw in your post and could be a vital one is the assumption nothing will happen between now and the process of approving this split with no known date.
Financials will certainly be out before before a RS date is even set. As you state they need to be compliant first before any split will even be considered
Lets see what next week brings. I guarantee there wont be a split next week but a good chance we get the fins.
The theory you have on the recent accumulation may be put to the test if not obliterated if this gets a lift near maxed out
Lets see if they even file a transcript in this one.
Really seemed like they were taking slight aim at this forum. I mean cmon why talk of online forums? lol
The removal of the pod makes me wonder.
Im busting a sweater out with Have a Jolly Lagan Christmas on it and rocking it all winter if they let this run.
Sampson sent the video to IR. Maybe they checked in here after to see what the hoopla was and flat out decided to troll us back?
FFS. Savages lol