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fwiw, there is a Form D filed 9/13/19 under the old name, Block 30.
Pink sheet theater at its best.
It's news to me that Mr. Sharp has his own pink sheet company - FORW. It's recent meteoric share price mirrors that of TSNP it seems.
From .01 to .17 in a couple of weeks.
oh my - that explains a lot about Mr. Sharp.
How can anyone say this stock is a good investment when the number of shares is unknown? Is it worth 20 cents if there are 10 billion shares out. Or only if there are 1 billion.
It's simply impossible to value in any way whatsoever.
I'm betting the owners cancel a whole bunch of shares to gain investor confidence. They make more money that way.
Very funny, Janice.
I didn't realize folks had seen him before. He really stood up to say this HMBL is fantastic - much more solid than most - despite the absence of disclosures. He also said he was brought into OTC as a consultant to help clean up the OTC.
Is that standard behavior for him?
Fwiw, the CEO guy, Brian Foote, did seem a cut above your normal pink execs. I've not found anything terrible about him.
So glad you and the others posters here are still around. It's inspiring.
The RobinHood crowd, bored at home with no sports betting, came in a flood into Nasdaq stocks in the spring. Crazy crazy daily gainers, the likes of which I've never seen. Most collapsed quickly. This has abated only a little.
See today's GLSI up 2000% at one point.
I think they are now discovering penny stocks. This may be just the beginning.
from RobinHood:
Takeaway
Buying pink sheet listings is like shopping at a discount store…
Suppose you wanted to update your wardrobe but didn’t have the money to spend at a department store. Instead, you might choose to visit a discount store where you can buy items at a lower price. The tradeoff is that the quality of the clothing might not be as high, and the store may have a poor return policy. Discount shopping is kind of like buying pink sheet listings — Those stocks are often priced lower than those on major exchanges. And they’re also often from smaller companies that don’t have a proven track record.
This reminds me of a man I met in Las Vegas who was waiting for his 'wife' to finish in one of the fancy stores. I said, "this is going to cost you". He said "it's cheaper than gambling."
see and hear George Sharp speaking today:
https://us02web.zoom.us/rec/play/MIxTpuric-lv1IFKxDSDBKoGN0HRoeqrpsgtnUMtHs4TfnNTYzdOP8-FtobaeGRXaQFWzNADrYEl5HwU.NZeuLCyP7v2q7TtN?continueMode=true&_x_zm_rtaid=JSwYE1_CRr2Tquf9flhC7w.1607557666672.1a3c1eb9776b71db6c80d2ebe526b375&_x_zm_rhtaid=525
darn, that's a long link
How could anyone buy a stock without knowing anything about it, including the past-acquisition market cap. Completely absurd.
It's a very fine company. Hugely undervalued!
Look up Paul Rosenberg - I think he's the mastermind. Involved in several sub-penny stocks. He has/had converts. Likely the one behind the pump.
He's based in Jacksonville which might explain why that city is on the press releases.
Seems to me that today's new FTSI shares represent 24% of an old FTSI share.
Therefore you'd expect the price to be around $20 since it was around $5 before yesterday.
There's a lot of confusion on Twitter. Many don't realize that they have only 1/4 the shares they had yesterday and think the price is way up today. For that reason they are trying to sell.
But in fact the price is way down.
Am I wrong?
At September 30, 2020, the total shares issuable upon conversion of convertible notes payable and unissued shares to consultants and Company executives would be approximately 2,998,423,000 shares of our common stock which exceeded the number of unissued shares our common stock by approximately 2,393,830,000 shares.
Not to mention there are no SEC filings.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158542967
As predicted. Sorry to those who made an honest mistake. Not so much for pumpers here.
Most shares have not yet hit the market, at least not mine from the Preferred.
Correct. Preferred holders get 0.33 common shares per 1 share of preferred.
Therefore if you pay $3.00 for 3 shares, you end up with 1 share of common for $9.00.
It's impossible to know on any board who is posting honestly and who is simply trying to pump the stock. You have to figure out the facts for yourself.
In the case here, the new money coming in is composed of new investors paying $2.57 (all numbers are in US dollars) per new share and those who exercised their rights to buy more, also at $2.57 per share. In total those 29mm new shares are bringing $75mm into the company. Together they represent about 70% of the total post-restructuring total shares.
Existing debt of $175mm also converts that into common stock at $2.57 per share per $1000 of bonds. This yields 6.3mm new shares for them - another 15% of the total.
That leaves the preferred and the common stock. There are 4.7mm preferred shares outstanding, and they will convert into 1.6mm new shares at .33 per preferred. The preferred price is controlled by the market - around $3.25 currently. If you buy 3 shares of preferred for $9.75, you will get one new common share, and you will have paid $9.75/share vs. the $2.57 most are paying. Bad deal!
The common is worse. If you buy 33 common you get one new common. At $0.40 you'll pay $13.20 per new common share. That's the same share that 75% of holders paid $2.57 for.
There's no way that the common will be worth $13 share next week. If it starts getting there those who own 75% of all shares will be selling as fast as they can, for they will have quintupled their money immediately. The common will probably trade between $2.50 to $4.00 per share next week. This translates to between $0.08 and $0.12 for one of today's common shares.
I realize that facts are unpopular these days, but if you ignore them you will lose money. There's just about no doubt about it.
P.S. I am not short JE, but I am short the preferred.
lol, good one
Fully diluted market capitalization at $8/share = $1.7 billion.
Good luck.
That's amusing.
GNUS is at a $400mm market cap now, fully diluted, with $300k of revenues in Q1.
They have sold 180-ish million shares this year at an average of around 30 cents. But sure, by all mean, buy this doomed to crash stock.
Should be fine.
There's no one who actually believes this outfit is worth half a billion dollars right now. They just don't realize that's what it is. The magic of toxic converts!
Right! Sure! Fantastic!
In August 2019, the Company issued convertible promissory notes, in the amount of $4,276,000 and an additional approximately $2,700,000 to be received in two subsequent closings, bringing the expected total gross proceeds from this funding to approximately $7,000,000. The notes are convertible into the Company’s ADSs. As a part of this transaction, the Company issued non-tradable warrants to purchase 62,668,850 ADSs.
On February 4, 2020,the conversion price of the convertible notes decreased to $1.74 per ADS, and the holders of such notes have agreed to convert such notes into ADSs.
Additionally, the Company agreed to amend the exercise price of the warrants of the first tranche to $1.914 per ADS
Sir:
You've been following NNDM for some time I see. What are your thoughts on this spike?
The price hit $5.80 after hours. $5.50 at the moment.
Didn't they basically sell 2/3 of the company a couple of weeks ago at $0.70 - a market cap of around $20 millionm? And now, suddenly, nearly $150 million.
I do not understand. Any wisdom you can provide would be welcome.
from the 10Q today
"As a result, on April 7, 2020, upon the consummation of the Preferred Stock offering, the initial conversion price of the Series C Preferred Stock was adjusted from $0.54 per share to $0.25 per share, which resulted in a total of 14,747,984 shares of common stock being issuable upon conversion of the remaining Series C Preferred Stock. During the months of April and May 2020, Alpha Capital Anstalt converted 3,312 shares of Series C Preferred Stock into 14,747,984 shares of common stock at a conversion price of $0.25."
As of April 13, 2020, there were 16,774,394 shares of Common Stock outstanding.
Outstanding at May 14, 2020 33,305,742
Why do longs want to give their money to sleazy toxic financiers from Liechtenstein.?
Thanks for keeping this board up to date.
Is Alpha Capital Anstalt of questionable reputation? They finance UAVS, in Neodesha, Kansas of all places. UAVS spiked and plummeted badly this week?
Thanks
The $1.5 billion pink sheet company, Cytodyne (CYDY), had a conference call today. Some seemingly outrageous things were said such as:
“I think we’ve shown this could be the one drug that does it all”
"It’s clear this drug is working, working better than we ever could have imagined. Sooner we bring relief to people, the better. Manufacturing needs to be ramped as there is a worldwide need for this."
The quotes may not be word for word, but they're close.
I remembered there's a better example of a short-able pink stock. CYDY. Potentially a C-19 halt candidate.
Closed above $3 today for a market cap of $1,500,000,000.
Daily pr's.
I have shorted literally hundreds of pink sheet stocks over the years. While most pinks are at sub-penny prices, there are many that go way higher. Due to the $2.50/share rule, my cut-off is about $0.30, depending on how quickly I think they'll collapse.
Interactive Brokers often has pink sheet stocks available for short-selling. VODG is an example today. I'm not short that one.
AVCT up big on name confusion. AVCT did not have news.
The news was of Avacta Group PLV in London. Trades as AVCT.L.
Plus the news was from 10 days ago, which is why AVCT.L is not up today.
That makes two reasons that AVCT spike is ridiculous.
People must think something is new since WORX is up 30% after hours.
More entertainment from WORX. It is so easy to make money.
https://www.sec.gov/Archives/edgar/data/1674227/000110465920047617/tm2016152-1_8k.htm
Effective April 10, 2020, SCWorx, Corp., accepted a purchase order from Rethink My Healthcare (“RMH”), a U.S.-based virtual healthcare network, under which RMH has ordered and the Company is required to deliver two million COVID-19 Rapid Testing Units, at a per unit price of $17.50, with provision for additional weekly orders of 2 million units for 23 weeks (a total of 48 million units).
On April 10, 2020, concurrently with its acceptance of the Purchase Order, the Company entered into a Supply Agreement (“Supply Agreement”) with ProMedical Equipment Pty Ltd. (“Supplier”) pursuant to which the Company agreed to purchase and the Supplier agreed to supply an aggregate of 52 million COVID-19 Rapid Testing Units over a six month period, comprised of 2 million units per week, at a per unit price of $13.00, commencing April 24, 2020. Pursuant to the Supply Agreement, the Company is required to pay 50% down at the time of order placement, with the remaining 50% due upon completion of order and prior to shipping.
WORX has a Richard Rosenblum / Marc Siegel / vFinance connection.
Rosenblum is the head of the 'customer', Rethink.
On or about January 15, 2003, the Commission advised the Registrant that it was conducting an informal investigation into potential violations of the securities laws. As part of that informal investigation, the Registrant has voluntarily agreed to produce documents concerning certain items, including documents pertaining to vFinance Investments, vFinance, Inc., David Stefansky, Richard Rosenblum, Marc Siegel, Boat Basin Investors LLC, and Papell Holdings, Ltd., all of which have threatened litigation against the Registrant and have filed an involuntary bankruptcy petition against the company. The Registrant has agreed to cooperate fully with the Commission and is producing all documents called for on a voluntary basis.
Rosenblum is the head of Rethink My Healthcare.
Doesn't Marc Siegel ring a bell?
lifted from twitter
This article mentions others have ordered the same test from the same manufacturer and it never arrived elnuevodia.com/english/englis…
Hi Janice:
YA/Yorkville is in the CYDY filings. CYDY is promoting their drug as the answer to all that ails us. There is paid promotion and probably paid ihub posters.
My searching led to this entity being one and the same, for all intents and purposes, as the other Mark Angelo entities. Unless there are two Yorkville pipe firms in New Jersey, I guess.
http://www.yorkvilleadvisors.com/team/
Wishing you good health, Peter
CYDY just got an Equity Line from Mark Angelo, Yorkville Advisors.
Caveat Emptor
omg, Mark Angelo, Yorkville Advisors. Great outfit to get funding from.
The Securities and Exchange Commission charged Mark Angelo and his formerly $1 billion Jersey City, N.J., hedge fund firm, Yorkville Advisors, with fraud on Wednesday, alleging they overvalued assets under management and exaggerated returns
https://www.forbes.com/sites/nathanvardi/2012/10/17/sec-charges-formerly-1-billion-yorkville-advisors-hedge-fund-with-fraud-and-bogus-valuations/#39730de043a1
Pump pump dilute. Repeat.
Share count now over 95 million.
Hudson Bay, Armistice, Sabby - making good money.
Omg - Common Stock, par value $.0001; 100,000,000 shares authorized; shares issued and outstanding 20,733,052 and 17,538,071, respectively as of December 31, 2019 (unaudited) and June 30, 2019.
From 20mm to 95mm in record time!