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lol true it's so obvious!
this puppy is in beast mode and shorty gonna burn! Letem scream!
did anyone notice there is ZERO interest in this .0022 ticker that everyone swears is worth .057?
ask thin! nothing between 430 - 450
I want shorters here! when the squeeze comes it will just ignite more massive buying!
don't pay any attention to my opinion go ahead and short!
oh please do short this monster you will just be helping all the longs that only need a grammar school education to read the math on this one, does AI monopoly on chips mean anything? only nuclear war could stop this train.....
making mistakes in the OTC is common, but trying to drag others into catching your falling knife is bad karma IMHO
end of year?
Just because the ask is thin does NOT mean you can prop this up! These baby paint jobs are useless if you have any experience watching level 2 in real time
most of you guys appear to be much smarter wth happened? never chase, take your punishment and move on! Live to trade another day!
8/3 sell/buy ratio
just wondering where you come up with the "first it was 2 people selling" now it's "5 people selling"
not going up-not going down much, if nobody recognizes what's going on here then GLTA
they will let it fester here as long as they can to suck in new buyers and max out the a/s before the roof caves in
level 2 showing today might be the day they just sell whatever they can.... there's hardly any bid left and it looks like all selling except for the occasional paint job
oops! there goes the .003's.....now .0028......fire sale!
sell it down 3 ticks, let it rise 3 ticks, sell it back down 3 ticks, wash rinse repeat ever hear that term in the OTC?
let's see $1 today! (had to stay on topic :)
i just chatted with tda and they knew nothing about the 999,999 limit on OTC sales, their best guess that it was a limit imposed on just that one security ...contact them and let us know if it was just that stock if you can that is my main broker out of 3 and i'm getting ready to break out some dusty gunpowder
Total bid at any price: $ 2,771.50 around 700,00 shares on the bid are you kidding me?
merger announcements that are a "done deal" ..especially at this ridiculous level (.057) ...the PPS adjusts IMMEDIATELY to at or very close to the merger price agreement, in this case .057
nowhere anywhere close to that! Level 2 shows without a doubt NOBODY is interested in this. Do I really need to explain further? PPS going DOWN instead of UP. geeezz
12 noon this should explode! :) ....sorry, remembering those "12 noon" posts from yesterday roflmao
no place I'd rather be right now....my math says close to $800 by fall or sooner, sell in may and go away isn't the norm so much ...summer volumes steadily increasing as anyone can trade from anywhere anytime
.0035's get wiped....again! $246 ask slap at .0037 and a minute later....$3,080.098 sale at .0035
Now they're wiping .0034's....truly hope some peeps learning from this and studying it closely so as not to fall for this kind of thing again...i was taught early on to study the losers to avoid stuff like this!
Yeah! keep up the tiny ask slaps!
.0037 just got wiped with over a million shares
no buyers just lambs being led to a slaughter....does anybody here have level 2 ??????
it's so obvious....math has no argument there is no bid support just like yesterday they will continue to sell into the bid, who on earth actually fell for this? does anyone not know merger deals - once confirmed, send the PPS up to the merger price IMMEDIATELY....not days weeks months later!
Does anyone here really believe they found something that the entire investment community somehow missed???
can't even swing trade this the way level 2 is setup
Less than 1M shares on the bid side - total!
I heard it was Nigerian shorting crews!
.057 lolzzzzzzzzzzzzzzzz
hey i could care less all the bs hype....I had almost 40 peeps asking me about this they know i can read 63 financial pages in no time so they ask...and i replied...could it be any more obvious at this point? I didn't ask for this turd could care less about this turd I was really annoyed to even have to do DD on this turd but people depend on me to weed out the bad ones, I never promote anything that's something i just don't do anymore but i sure learned over the decades how to spot the bad ones.....
$140.85 to take out .0034 and nobody wants to touch it. Those who "guaranteed" a 13 bagger and the ridiculous .057 thingy should be.......use your imagination or hit the unfollow button... really burns my buns to see stuff like this happen...especially when my friends almost fall for it.....
1,000,000 share bid at .0032 somebody better grab that before it's gone.......
props to you! I learned speed reading in grammar school but still get a migraine when going through series b-c-d preferred and all the gibberish associated with it, takes some true grit to plow through some of this stuff.....I've gotten to the point where I bail if the picture gets too muddied and cloudy with financial statements.....just a huge red flag for me in my experience....
less than a $4k sale would wipe out the bid and send this straight to .0013.....or trips...there are no buyers only bagholders painting the ask with $400 buys.....whomever bought trips and sold on the way to .0048 made good coin i hope......
$82.25 on the bid at .0035
$960 on the bid at .0032
$1,035 on the bid at .0031
$1,050 on the bid at .0030
$28 on the bid at .0028 roflmao!
$260 on the bid at .0013
enough said....looks like that .057 fantasy was pure unadulterated cow dung
The gig is up and they know it, now they will just toy with whoever's still willing to buy the dip, almost 4 million shares got ripped at .0028 they know there's no buyers and the .057 trick only took them so far, expect them to destroy the bid every time it shows life until closing. Could easily be in trips EOD with such a weak bid. $3,300 total on the bid side less than 1M shares .0033 current PPS down 24%
if it seems to good to be true.....
UGH! one of my friends ignored the red flags and dropped a few grand on this, tried to get out at .004 and it was .003 in the blink of an eye...oh well can't save everyone lesson learned! Lord knows i've been in the same spot years ago....
berge has left a long trail of destruction over the past 10 years, the only time it popped good from trips to .005 he was furious that other peeps had made money instead of him, and since then he has never allowed anyone but him to profit from this company he loathes and despises his shareholders as stupid idiots that deserve to lose their hard earned money
I can't even imagine the amount of bad karma that must surround him
Key transaction terms of the business combination:
The pro forma enterprise value of the combined company is up to US$94 million, which includes up to US$54 million of cash held in the trust account of Redwoods, which is subject to redemption by Redwoods stockholders. These values exclude up to 5 million of additional earn-out shares that would be issued to ANEW stockholders if applicable stock performance-based requirements are met. The transaction, which has been unanimously approved by the boards of directors of ANEW and Redwoods, is subject to approval by their respective stockholders and other closing conditions.
march 31st 10-Q for RWOD never happened until May 24th, NASDAQ had to send them a delisting letter to get that 10-Q out, not trashing just pointing out a 10-Q almost 2 months late on NASDAQ is a red flag
straight from those 63 pages filed with the SEC:
“Transaction Share Consideration” means an aggregate number of shares of Redwoods Common Stock equal to (a) the Closing Equity Value, divided by (b) the Redwoods Share Value.
What is the difference between equity value and implied equity value? ($60,000,000 was the "implied equity value")
Enterprise Value vs Equity Value: Complete Guide and Excel ...
For example, Implied Enterprise Value is what you believe the company's Net Operating Assets should be worth to all investors. On the other hand, Current Equity Value represents the market value of the company's Net Assets to common shareholders right now, according to the stock market.
Ever see a 13 bagger based on a merger get so little attention? Ever? Read the DD on the merger again!
GLTA!
well for some reason the vast majority of traders are not buying yet, it's not fear, it's not like everyone doesn't know about this already, even ddamanda can't get the ball rolling here, so there's one thing missing here that's holding everyone back, 99% of all merger agreements i've witnessed over decades catapult the smaller company's PPS immediately to at or near the merger PPS value, at the current price of .0044 we are 13X from the merger value of .057
OTC is full of greed if this merger was set in stone the pps would be damn close to .057 already
a 13 bagger from here is nothing to sneeze at! I'm gonna throw some spare change at it to start but I, like everyone else, will stay in a holding pattern until it fleshes out some more....maybe there's massive dilution waiting in the wings? That would certainly affect the .057 target
level 2 is a ghost town! Total on the bid at all levels is 510,000 shares
last merger RWOD tried didn't happen:
Redwoods Acquisition Abandons Merger Plans with Xin Bo Xing
11:32 am ET January 3, 2023 (Dow Jones) Print
By Denny Jacob
Redwoods Acquisition Corp. on Tuesday said it no longer plans to merge with Xin Bo Xing Group Ltd.
The special purpose acquisition company said it signed an agreement of intent with Xin Bo Xing, a material technology research and development company, on Dec. 12. Redwoods said at the time that it expected to get listed on to the Nasdaq through the merger in the near future.
last 10-Q was almost 2 months late and almost delisted them from NASDAQ:
HomepageEquitiesUnited StatesNasdaqRedwoods Acquisition Corp.NewsSummary RWOD US7580831094
United States REDWOODS ACQUISITION CORP. (RWOD) Add to my list
Real-time Estimate Cboe BZX - 0:31:12 2023-06-09 am
10.44 USD +0.10%
05/31 Redwoods Acquisition Corp. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits (form 8-K)
REDWOODS ACQUISITION CORP. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits (form 8-K)
05/31/2023 | 04:33pm EDT
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On May 24, 2023, Redwoods Acquisition Corp. (the "Company") received a delinquency notification letter (the "Notice") from the Listing Qualifications Staff (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 (the "Form 10-Q"). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC").
The Company filed the Form 10-Q with the SEC on May 24, 2023.
On May 30, 2023, the Company received a letter from Nasdaq indicating that based on the Company's May 24, 2023 filing of the Form 10-Q, the staff has determined that the Company has complied with the Listing Rule and, accordingly, the matter was closed. As a result, the Company is currently in compliance with the Nasdaq Listing Rules and the Company's securities will continue to trade on The Nasdaq Global Market.
As required under Nasdaq Listing Rule 5810(b), the Company issued a press release on May 31, 2023, announcing that it had received the Notice. A copy of this press release is attached as Exhibit 99.1 to this Form 8-K.