is... a buy and hold investor of dividend US and Canadian stocks
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I have received many calls. The story they tell is that you are the lucky recipient of the opportunity to get involved in the early stages of a promotional campaign designed to get companies to the NASDAQ. I was going to simply say "pump and dump" but I am giving them a chance.
They give dates as to when to sell the stock based on a promotional strategy and listing to the NASDAQ. It all sounds fairly legitimate. Running something like this is not illegal.
However, the calls become more frequent to the point where it gets annoying. And the basic point is always the same... will you buy more shares? And the nefarious culprits are... guess.. the "shorts". That is pure message board bullshit.
The dates seem to be slipping.
So week one they actually did very well (if it was not for the shorts). This week.. not so well. There was a slight pop.
So, one of 2 things are true... they are either legitimate... so buy cheap and trust their dates. Or... they are a boiler room promotion and the stock is rising and falling based on the call volume. The chart seems to show that.
So if you are going to get in... get in Monday. out mid-week... take your profits... As a company they look fairly flaky. Based in the DR????
Oh, and if you research the domain name, you will find that it is registered to a lady with a California address.
Financial Research Partners is based in Australia. Just add some spaces. So they could be stealing their brand.
my guess is an upcoming buyout or merger. This would be insider trading... lots of it. I can't see any industry success like it is a cobalt mine or something. I bought this because I thought the product might fly... as a tech or biotech pick it has been a failure.
Does anybody know the role of this stock with Navios?
Navios Maritime Acquisition Corp NNA:NYSE
They pay a great dividend... can't find anything on them.
here is a good start..
First Cobalt Closes $30.6 Million Financing
THIS NEWS RELEASE IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
TORONTO, Dec. 21, 2017 (GLOBE NEWSWIRE) -- First Cobalt Corp. (TSX-V: FCC) (ASX: FCC) (OTCQB: FTSSF) (the “Company”) is pleased to announce it has completed the financing announced on December 8, 2017 with the Underwriters fully exercising their option to sell an additional 4,550,000 Units. The Company issued on a bought deal basis (i) 4,700,000 units of the Company (“Flow-Through Units”) at a price of $1.51 per Flow-Through Unit (the “FT Offering”) and (ii) 20,950,000 units (the “Units”) of the Company at a price of $1.10 per Unit for aggregate proceeds of $30,142,000 (the “Offering”). The syndicate of Underwriters for the Offering was led by Canaccord Genuity Corp., together with TD Securities Inc., GMP Securities L.P., Eight Capital and Red Cloud Klondike Strike Inc.
Each Unit consists of one common share (a “Common Share”) of First Cobalt and one-half of one common share purchase warrant (each whole common share purchase warrant a “Warrant”) of First Cobalt. Each Flow-Through Unit consists of one common share of the Company qualifying as a ‘flow-through share’ (a “Flow-Through Share”) of First Cobalt and one-half of one Warrant. Each full Warrant will entitle the holder thereof to purchase one Common Share of the Company at a price of $1.50 per Common Share, for a period of 24 months following the date of issue of Warrants.
All proceeds from the sale of the Flow-Through Shares will be used to incur eligible Canadian Exploration Expenses as defined in the Income Tax Act (Canada) related the Company's projects in Ontario, Canada. The net proceeds of the Offering will be used to advance the exploration and development of the Company’s mineral properties located in Ontario, Canada, growth opportunities and working capital and general corporate purposes.
The issuance of the Warrants will be completed pending the approval of the Australian Stock Exchange (“ASX”) and approval of the shareholders of the Company. Pursuant to ASX listing requirements, the Company will call a special meeting of shareholders to seek approval for the issuance of the Warrants. Subsequent to receipt of shareholder approval, the Warrants will be issued to the subscribers promptly following the meeting and such Warrants will be subject to a hold period of four months from the date of such issuance. Should approval of Shareholders be withheld at the Special Meeting, the Company will not issue the Warrants to the subscribers and the subscribers will have no right to the receive any Warrants.
In addition, concurrent with the closing of the Offering, the Company completed a non-brokered traditional flow through offering of 249,000 Flow-Through Units at a price of $1.33 per Flow-Through Unit for gross proceeds of $497,670, with each such Flow-Through Unit and Unit consisting of one Flow-Through Share and one-half of one Warrant.
All Common Shares and Flow-Through Shares issued today pursuant to the above offerings will be subject to a statutory four-month and one day hold period.
The securities being offered pursuant to the Private Placement have not been, and will not be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.
About First Cobalt
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.
On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer
For more information visit www.firstcobalt.com or contact:
Heather Smiles
Investor Relations
info@firstcobalt.com
+1.416.900.3891
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects', “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis for the First Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
hi all. New investor in this stock. Be one of the first ones to post!!!
what about this.. normally after a R/S there is a selloff. If I was a short looking to buy back, I would think that an R/S would be an ideal opportunity to buy back my shares, given the selling pressure immediately after.
Problem maybe there really was no selling pressure... therefore the Shorts had no one to buy from and this drive the price up.?
is there a way of telling whether or not this was a short squeeze?? seems so...
What generally do posters/ shareholders think of this statement, pulled from the news release about the last reverse split...the shareholders have been approving these splits.
I am just curious... myself, generally when I get wind that one of my stocks is going to do a R/S, I usually sell it. I suppose if you were hopelessly down you may not want to, and just hope for the best. Just my take on things...
"ATHENS, GREECE--(Marketwired - Jul 18, 2017) - DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a diversified owner of ocean going cargo vessels, announced today that its Board of Directors (the "Board") has determined to effect a 1-for-7 reverse stock split of the Company's issued common shares. At the Company's annual general meeting of shareholders on May 2, 2017, the Company's shareholders approved the reverse stock split and granted the Board, or a duly constituted committee thereof, the authority to determine the exact split ratio and proceed with the reverse stock split."
Not exactly sure what you mean. I don't consider myself a great trader, but I know what I am doing. I did not know anything about Jason Bond until tonight, having read all the posts since my last one and your response to it.
I would never bother with Jason Bond's site or any other such source of written (and paid for) research. If you are successful it is only because you got on the winning side of a pump and dump deal. All of my picks are hand-picked by me and they usually work out, especially in an upward market. I get capital gain and always dividends. My average ROR on dividends prior to 2015 was 8%.
I had DRYS in my watch list from before. I noticed the volume. I bought in at 2.50 for the sake of getting in, then it started to fall. I bought more for the long terms at 2.30 and it fell more.
So I set orders at the lowest I thought it could possible go and went off to work. The orders fired at 1.26.
I sold everything at 3.50, keeping the long term shares which are not many.
I don't think it makes me a super-hot trader or anything. I thought that there would not be another Reverse Split and that the general trend was up. That is about it. I don't know who Jason Bond is. I think people on these message boards make things far more complicated than they really are.
There is far too much worrying about what does not matter here. Like who has how many shares, etc, etc... Life is too short. Stick with the basics...
and info gained somewhere other than your own head is useless.
My next play is UVE based on the weather and all I had to do was read the paper...
That is a really interesting question. I think the answer is no. A Reverse Split can be justified with theoretical arguments that mean nothing when a company is in trouble and just wants to get themselves out. In reality, it is just that. When I have one of my companies do a R/S I usually sell it immediately and acknowledge that I made a mistake getting into it in the first place. Investors have to be cautious and protect themselves.
For the record, I invested in shipping in various companies back in 2011/ 2012. This included Dryships as well as Diana Shipping and Navios Marine. After the runup, I only kept Navios. With the rest I fled to safer stuff. navios is a dog but has been coming back a bit.
I just got back into DRYS awhile back after watching this.
I know. I am mostly out with a profit now. Don't care what happens now.
what is your problem... I used my own judgement. I made money on this stock on the runup back 3-4 years ago. It has been in my watch list ever since. I saw the opportunity, did some trades and made some money... it was fun!! those that get all emotionally involved that is their problem!!!
I am out after making high 4 figures in about 2 weeks. And I will sell my long term shares tomorrow.
Seems to me that this is the same situation as Dryships. Basically the company will do reverse splits until the stock can maintain itself over a dollar to maintain it's NASDAQ listing.
How many reverse splits have they had? I read 3 from my research.
Looks like a wait-and-see and be patient scenario to me.
Seems to me that this is the same situation as Dryships. Basically the company will do reverse splits until the stock can maintain itself over a dollar to maintain it's NASDAQ listing.
How many reverse splits have they had? I read 3 from my research.
So I have a very basic question. I am up on this stock. I traded for high 4 figures in profit in the recent melee. I also have some shares for long-term hold.
My interpretation of this right offering is: I will get some paperwork in the mail that will allow me to buy some shares at $2.75. Given the way the stock is trading now... I would think that I could sell those shares for a riskless profit. Is that true? Are they Restricted?
Why wouldn't this price form a floor for the stock? Is it because these shares are only available to existing stockholders?
This stock is so weird I am having trouble with some of the basic here.
Thanks.
Bearish engulfing...
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=DRYS
That is a stabilization signal. In other words, the price will stabilize and hold at the tip of the arrow. If it was going to break up, the pennant would be formed by a level line at the top. Break down = downward pointing (level on bottom)...
if anything this is breaking down
Yew, us usually a rights offering is a sweetener offered along with the private placement to the subscribers to the placement. I guess I assumed that was the case. It could be read either way. It also says that he could cancel the rights offering anytime. So I am not sure if it will be offered to all investors or not.
I don't think it matters.. since it was not an arm's length transaction. Restriction is just common..
wasn't that sale to parties related to him? In other words... to himself?
"?Will sell company's common shares to entities affiliated with its chairman and chief executive officer, George Economou?"
From the PR.
it does not matter he is paying himself, so there is no loss or gain anyway.
He sold those share to himself (entities related to him), so it was not on the open market. I was thinking about that myself, whether or not those shares would form a barrier fro the stock price. If the true value is higher, why wouldn't the stock go there. But, the shares are sold to himself... so what does it matter?
There is overcapacity for sure. I kept Navios Marine and Safe Bulkers from the last runup in 2014 but Navios has been a dog of late. Book value does not mean much of there is overcapacity and the ships canto be sold anyway.
Sold most of my stock. Made high 4 figures. I still have a few shares in another account for the long term. Looking for a short squeeze and will get back in speculativelu.
I can't help but think they will do well in the future but I also distrust them and have been advised more than once to stay out of it
real interesting chart...as far as I am concerned this supports my hypothesis of yesterday. Money Flow Index says it is almost Oversold, RSI says still Overbought. Both of these indicators are similar in the way they work. what I find interesting is that the A/d line says the opposite. It does not support the current upward trend.
My explanation for this is that you have a basic upward trend, but with strong Selling Pressure a well. The A/D indicates to me that it comes from a few or one Seller. Perhaps this is the this Kalani? Finishing off his sales? Seems so...
So I would say wait until the Accumulation/ Distribution line comes back to more positive territory.
every indicator is a lagging indicator,,, that is why they are only so useful. They are all based on the past 30 days history. Money Flow, and they all tend to say the same thing.
Explain? These indicators are all of limited value, and only factor into the timing of an investment decision which should be made for other reasons primarily. It amazes me that there are books written by people claiming that one can get rich off of the indicators.. LOL.
so what are your thought on my thesis on the A/D line and Money Flow in this case. I think it is meaningful from a short-range timing standpoint.
and likewise difficult not to rush in and buy just to get in on what you think is a good thing before it is too late... (too late for what?).
I bought at 2.50, then watched it drop and set orders at around 1.20, a level to which I thought it would never fall. I got those orders filled the next day. Now I am up.
here Is a little blurb on the A/D line. It seems to support what I am saying.
What is 'Accumulation/Distribution'
Accumulation/distribution is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally "accumulating," or buying, or "distributing," or selling, a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier, and then multiplying the money flow multiplier by the period's volume.
BREAKING DOWN 'Accumulation/Distribution'
Find the money flow multiplier by identifying the difference between the closing price and the low price of the range. Next, calculate the difference between the high price of the range and the closing price of the range. Then, subtract the difference between the high price of the range and the closing price from the difference between the closing price and the low
price of the range. Lastly, divide the resulting value by the difference between the high price and the low price of the range.
After the money flow multiplier is calculated, the money flow volume, or the accumulation/distribution, is calculated by multiplying the money flow multiplier by the volume for the period. The accumulation/distribution line is then calculated by summing the previous period's accumulation/distribution and the current period's money flow volume.
Interpretation
The accumulation/distribution line may be used as an indicator to confirm whether a security is trending. If a security is in a strong downtrend or uptrend, the accumulation/distribution likely follows the direction of the price movements, and therefore, confirms the downtrend or uptrend. If the accumulation/distribution line and a security's price are diverging, it may be a bullish or bearish signal.
If a security's price is in a downtrend while the accumulation/distribution line is in an uptrend, the indicator shows there may be buying pressure and the security's price may reverse. Consequently, the security may reverse and trend up. Conversely, if a security's price is in an uptrend while the accumulation/distribution line is in a downtrend, the indicator shows there may be selling pressure, or high distribution. This may cause the security's price to reverse and turn into a downtrend.
Here is the chart that supports what I am saying... I would say that one could indeed hold until the stock is in Accumulation again. I think there are new shareholders... and an obvious Seller. This results in the Distribution. When that stops.. the stock will appreciate to it's true value and peak.
I am up on this one... not sure how to play this or to predict the future, but we know..
- volume is increasing, so charting 101 says that is a good thing, the Trend is Your friend, hold until volume starts to decrease
- The stock has been in Distribution since the start of this big volume, which is interesting. TO me, tat wold indicate new shareholders buying in. This provides a market for kalani to sell into, thereby achieving this financing. Not that I understand it that well. Just my theory from what I know. So that bodes well as well. RSI. Money Flow is fairly neutral.
So, hold until volume begins to drop off or there is a reversal.
I think a Short Squeeze is entirely possible, and much of tis volume may be coming from Shorts, not sure how that would affect the A/ D line.
So I am up on this one!!! Just treading water with an average price of about 1.70. What a day!! Great volume. This is oen of the most interesting stocks I have ever played... where will it stabilize and when???
question: Why the volume now and not with the earlier splits? That is why I think this is a turnaround for this stock, even if he does do another split. Thoughts?
I have been reading this board the last few days and I have yet to find an explanation...
This is my first post here. I find this to be a fascinating stock story. Yes I have been buying some and I am down somewhat, but not enough to hurt... yet.
I think that posters here focus too much on specific Buys/ Sellers, trading volumes/ patterns, and share structures without considering basic stock market forces that drive these things. And fundamentals...
Basically I think this is a value play that will turn at some point in investor's favor as the year unfolds, no matter how unscrupulous this company is. I have been looking at this over the last few days, including the excellent SA article, and these are my thoughts. If anybody disagrees with my basic points let me know.
- the company is doing this to save itself from oblivion because they had purchased ships, possibly expecting much faster recovery from this recession than has occurred ( and they are not the only ones), and they cannot pay for them without extraordinary measures like this.
- After this recovery is complete and they own these ships, they will have a great fleet and an awesome balance sheet (at the expense of original investors) and will likely be able to undercut the market on shipping rates.
- if the fleet is modern it will likely be very fuel-efficient, giving DRYS another advantage in the marketplace.
- It seems as if DRYS was looking at insolvency unless they did something drastic, so the reverse splits could be justified on that basis.
- in addition to doing reverse splits, the company is selling to a related party, who is then dumping the shares for a profit on the market. So... if the shares have fallen so far and his discount is no more than 6%, how is he making money dumping and what is his end in doing that? The argument kind of falls flat.
- What I have really noticed is the volume after just the last split... huge. That is what made me notice. In that sense, many of the arguments made about the role of Kana.. what's his name are somewhat overblown. If he has been dumping shares all of this time, why hasn't the volume been there before?? I tend to think that other investors are starting to catch on to the opportunity here.
So, I am just going to watch and wait. This is fascinating to watch. I bought some and then set a price where I thought it would never go again. It blew through it. So I am done buying until I understand this better.
I think there are 2 forces at work here; management doing R/S and issuing shares to raise cash, and new investors seeing the compelling opportunity.
I think that in time, over the next few months, the second of these forces will dominate and the share price will rise. Fundamentally, this stock is a Strong Buy right now. They have a cash flow problem which I believe is solved. They have a strong future.
Even if they do another Reverse Split, I think shareholders buying now will do well in the medium time frame, like a year.
Having said that, I would not throw a lot of money at this until things become more clear.
The daily show and volume has been fascinating. But caution and patience is required. I did not show enough of those...
You must admit, at this point we have no idea what the stock is worth, the difference between $1 and $3 is really meaningless... and one can't stay glued to the screen all day.
So good luck to all day traders. I myself am a swing trader who will wait this one out and be very... very patient with it.
In any event I don't see a bad outcome going forward.
Thoughts?
I totally agree with your analysis. I was mystified by the drop in the stock price until I looked into the dividend policy.
I want to find the bottom here too ... in the next few weeks.
Hi. I am The Big Guy and I own this stock. I bought it because of my long-term interest in LNG, Shipping seems to be a great way to capitalize on this trend. ANybody know anything about their subsidiary Global LNG Partners? Seems like a risky play. I think the whole shipping industry is sucking right now, but I really don't see at first glance why this stock and it's subsidiary are having such trouble right now.
Why has
Golar LNG Partners LP GMLP:(*D)NASDAQ
not met it's listing requirements for NASDAQ?? THe numbers look OK.