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Starts to see some 0.058s go through ...
Small sell goes through at $0.050
Do you think there is a short player in this?
To be honest, I was expecting more based on the volume and move.
I am hoping these are end of day totals.
Let's see if this starts holding and building from here.
Updated October 01 2020.
Outstanding Shares: 63,146,974 [increase of 4,000,000]
Restricted: 40,101,702 [no change]
Unrestricted: 23,045,272 [increase of 4,000,000]
Held at the DTC: 18,882,151 [increase of 4,000,000]
Plenty of midway point trades as well which can be indicative of shorting.
5s looking like support.
Let's see if this can start building again.
Don't hold through FDA decisions.
The payoff of being right doesn't exceed the risk of holding.
You can trade all you want, but holding? Nope.
But that might be my bias due to past experiences.
You can always rebuild ... good luck.
Updated Sept 30 2020.
Outstanding Shares: 59,146,974 [no change]
Restricted: 40,101,702 [no change]
Unrestricted: 19,045,272 [no change]
Held at the DTC: 14,882,151 [no change]
Well, that makes things interesting?
Well, this didn't make the breakout boards here in anyway and there doesn't seem to be many people reading the news here.
I am unsure if people are just hoping for a dip or if they have ignored it because they didn't get in cheap.
Doesn't feel frontloaded in the least here.
I am sure that the debtholders who now own shares will want to pump up the price.
The question becomes will they put out the news together with earnings or a couple of days in between.
Why hasn't the company PR the news is a mystery to me.
Is the company in some sort of quiet period and can't PR news?
Bizarre.
Message board is quiet. Is that a good thing or a bad thing?
Everyone hoping for a dip to reload on?
Even those who were in last year get back to even?
Float getting locked.
A little consolidation should be expected as well.
Quiet board = no frontloading?
Pretty thin here.
Starting to see some nice bids now.
14.9 Million float slowly getting locked.
Interesting.
We will not see nothing?
So you mean we will see something?
Thanks for the information, until then we await your change of tune.
Is the watch and learn lesson how to talk up when you own and then down when you want in?
What changed from this time to now?
Yes they have bios about the team and stuff about past projects.
Seems interesting given the float doesn't seem that bad.
Did the website get updated again?
Even though it is still basic?
https://pmpginc.com
More than a coming soon page, but still not that much more.
Makes mention of this being for real estate acquisitions? Which makes sense given bios.
8ish million isn't really that big of a front load is it?
Hard to say.
Did the gurus load today or were they caught off guard?
I feel like this more or less came out of nowhere and that a little bit of churn needs to happen.
We shall see if this can stabilize and start bouncing.
I don't see the preloading on the chart?
Even if it is legit, there is always overhang of shareholders from before ...
Unsure if overhang continues ....
Seems it got whacked.
If the deal is that good, there is always some overhang of old shares.
Might present a decent opportunity.
Unless it totally dies .... Which is always a possibility here.
Having said that, it's starting to find a bottom for now in the $1.20 area.
It's a joke anyways as they just filed to sell shares the day before.
Pretty sick.
Warrants priced at $7.50 and I thought that was a little rich given the book value of $1.37 as of June 30
Should have bought a few on a whim, but this seems a little over baked now.
Good job on anyone who jumped in at $2.00 Over $7 tho seems rich.
I still have a long bias here, I am just saying that people should realize why there is so much volume.
Also holding over the weekend is not fun.
Interested in $0.60s and $0.70 over $1.00 seems a little rich and I would expect a pullback if it opened over that.
I wonder if they will PR the news today or on Tuesday?
Trump's $500 Billion Platinum Plan.
https://www.cnn.com/2020/09/25/politics/donald-trump-black-empowerment-platinum-plan/index.html
In my opinion, the news is good for an entertainment company like this.
Even if they receive $0 directly, think of all the new companies that do get something?
What will they want to do? Advertise and market their products.
Guess where that advertising and marketing money will go?
This is more meaningful to a company listed than news before.
Regardless, want to see where support comes up and then it should be good times.
Going short seems risky when the market will be digesting the news.
Again, I feel this news is substantive.
So, that's my bias for now.
Did some digging.
Debtholders have fresh 158 Million shares to sell
Go through this filing to see:
http://ir.acorda.com/investors/financial-information/sec-filings/sec-filings-details/default.aspx?FilingId=14395849
That filing was from Sept 17.
Regardless, this may still be something to trade.
Unless it gaps over $1.00, then it will be a little to trade on the long side ....
Platinum Plan from Trump.
$500 Billion for black businesses?
I was honored to be back in Georgia with a truly incredible organization—BLACK VOICES FOR TRUMP, where I announced a brand new plan to deliver more opportunity, more security, more fairness, and more prosperity to black communities. #ThePlatinumPlan https://t.co/wBqUTUOVR6
— Donald J. Trump (@realDonaldTrump) September 25, 2020
Seems like shorts covered the bounce from $0.57 to $0.63 just now.
Let's see if there is juice in the tank for a jog this afternoon.
The stock was up 100% ... maybe people think that's an acceptable amount of profit.
LOL.
Well. The question becomes can this last through all day Friday and into next week?
It seems there is a sector move in the fall almost every year.
I remember when Dryships ran to $100 and the sector blew up.
Hopefully no one gets too greedy.
I no longer hold like I did on SINO.
The days of holding ridiculous position sizes relative portfolio is not my idea of fun.
When you get smacked by an offering nearly 50% off the next morning, you will understand.
Kind of surprised we haven't had one of those offerings in the sector .... at least not one that I can see.
In some places of the world, bribery is a normal course of business.
That's how things get done.
What's strange is that this was in the news before ...
Hit job?
Regardless it has created an opportunity to trade.
Perhaps the float is too big here.
The other one went from $1 yesterday to $4 now.
Meanwhile this one has stayed relatively flat
Plenty of moves in the sector and got into this one as it gave up all the gains.
Now in after hours the others are gaining and this sits flat ....
TSLA going into the sector is bullish as they will likely buyout a company.
Morgan Stanley saying it's bearish is just code for them not having a position.
Should really just put this on the calendar when they have earnings because it swings a decent amount.
Company still rebuying shares during the pandemic.
Nice.