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With all due respect I beg to differ. In my opinion it "could" happen. Even IF FCEL had a market cap of $400M that's still peanuts... a small cap company. Right now they're only a micro cap stock.
The fuel cell industry will continue to grow as the years go by. FCEL may currently be strapped for cash, but technology-wise they're well positioned to capitalize on the market should they continue to secure funding.
Yep the transfer agent is still Continental.
212-509-4000
www.continentalstock.com
It will probably be pretty much of the same. Excerpt from the form 12b-25
"...(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [ ] Yes [X] No..."
Who's your broker? I might need to change lol. TD Ameritrade didn't fill my 0002 limit order, and it's not even an all or none order... WTF?
My 0002 limit order never filled either. It's still open. Best price I was able to get on VIBI was 0003. My broker is TD Ameritrade.
Thank you! I get lucky from time to time lol.
EHOS is a joke. Thankfully I only purchased $600 bucks worth of it @ .0002. At no bid I'm only out that. Perhaps within a few years Strickland will pump this POS again and I'll be able to get out even Steven :)
Regardless, VIBI is the better play. GXXM is one of those here today, gone tomorrow companies. VIBI is here to stay. VIBI hasn't even started to run yet, but when it does, you'll be glad you stuck with the winner.
Even after today's gain, VIBI's market cap is still so low that a 10 to 20 bagger isn't out of the question. Their patent alone is worth 20 times the current market cap. This is a no brainer.
After Friday night's news of the RW, I figured 2s are currently off the table now so I changed my limit order to 3s instead and it filled this morning. And I plan to buy more 3s tomorrow if I can get any.
All the above my opinions of course ;)
Bests to you.
EHOS has always been a shell operation and always will be. I'm waiting for them to announce that they're getting into the AI business. Or perhaps bitcoin lol. Remember when that was all the craze?
I actually made a quick buck in RIOT*. Bought at $14.90/sh when it was on a parabolic rise (and already way way overvalued), and sold it at $34.95/sh 11 days later, almost at it's peak. Momentum did that, not company fundamentals. Never touched it since. And thank God.
I like your train of thought, gave you a follow for it :)
I don't think it's too far fetched. That patent is a tangible asset. News of a buyout, depending on the quality of the suitor, could send this stock price up 10-100 fold overnight. Wouldn't that be a beautiful thing?!
Thanks. I live in IL so I was happy when the Blackhawks won back then too when STL didn't make it that far. But I'm a bigger Blues fan because the STL area has been my stomping grounds most of my life.
But regarding VIBI, I'm glad we're both in it to win it! I'm off to a rocky start though, down a tad over 50% with my current positions. But I feel pretty confident I'll be ale to sell at a profit in the future, especially if I can get my average cost down closer to 0003. It's why I'm hoping to pick up some trip 2s.
This is my second attempt to sell VIBI at a profit. I bought my first position in VIBI at .0022 on 3/27/19 on sold it all 7 days later at .0049. Was hoping to repeat the good fortune (greed got the best of me) so I parlayed the proceeds of that sale and bought back in about 2 weeks later at 002. But since then the price has only gone south... WAY down south! That's usually my luck though after I go all in with a ticker. I've been averaging my cost down from 002 along the way but really sliced my fingers up trying to catch this falling knife!
So now instead of a "quick" profit, I'm just hoping for a profit regardless of the time it takes (but a long term hold was not my original intention). The rate of rapid dilution has slowed, but there will be another round of it when their next toxic note becomes due next month (or I believe it's next month, will need to double check that).
I still think Vilacto Bio is a real company with potential though. In my opinion, their patent alone is worth much more than VIBI's entire current market cap. Obviously the rest of the market doesn't agree with me. But I'm thinking outside of the box. My thesis is that if VIBI doesn't have the financial resources to capitalize on their patent, that a suitor of deeper pockets will. And any news of a buyout could send the share price up exponentially. With that in mind, I'm comfortable holding this longer than originally anticipated.
Best of luck to you and everyone else who holds shares of this company!
I've been trying since Monday to get some of those .0002s but no luck. Anyone else around here able to get any?
I know if I bite the bullet and buy at .0003 the bid/ask will instantly drop to .0001/.0002. That seems to be my luck lately.
Think I'll just stay patient and wait for those 2s to come to me. I already own plenty of shares, I'm just trying to lower my average cost per share a little.
But it's all good. My team just won the Stanley Cup!
Very nice! Thank you.
Only if you actually sold at 0002. Otherwise it's an unrealized loss. That unrealized loss today can change to a realized gain in the future, ya never know!
I'm underwater too on paper, but I'm OK with holding this to see what transpires over the next few weeks/months. I'm not throwing in the towel just yet.
Vilacto Bio is a real company unlike most stinky pinkies which are shell operations at best...
Same here. I'll have funds available for unrestricted trading this coming Friday. I hope to get some of those 2s if they're still around then to lower my cost basis.
In my opinion VIBI is oversold. One should expect VIBI's share price to drop as dilution increases to keep market cap in check. But the extremely low market cap suggests to me that investors have given up all hope of Vilacto Bio as ever making it out of the woods.
Their patent has real value. If they can't capitalize on it because of lack of funding, then perhaps a biotech with deeper pockets can. Any news of Vilacto Bio being bought out could send VIBI's SP into the stratosphere literally overnight. It's why I'm still a buyer here.
Lots of risks for sure. But with higher risk also comes potential for higher rewards
Aim higher. A 3 bagger is chump change.
I'm shooting for at least a 10x on investment. It's not out of the realm of probability with VIBI. News of a buyout could mushroom the price well over a penny per share.
In my opinion, that patent has real value. If they can't afford to capitalize on it, perhaps another company with deeper pockets will.
In my opinion, the more reason to be a buyer here. I'm a contrarian. I buy when others sell, and sell when others buy.
One man's junk is another man's treasure.
I concur. Most on the OTC are shell corporations. VIBI is practically in a league of it's own ;)
It's always darkest before the dawn. But the dawn is nigh.
I'm still in accumulation mode. Picked up more yesterday and again today. But then I have a high tolerance to pain.
If my thesis proves to be correct, I'll be one happy camper. If I'm wrong, it won't be the first time nor will it be the last... I'll lick my wounds and move on. It's only money.
Best of luck to you.
My thoughts as well.
Lol! But DRYS still takes the cake when it come to being a dilution machine.
Raising the AS isn't a bad thing. It beats the alternative of VIBI closing up shop instead.
Raising the AS at least allows them to kick the can a little further down the road. It goes hand in hand with their toxic financing deals. But how else are they going to keep the lights on when revenues aren't sufficient to pay the bills?
Why do you think this is a penny stock in the first place? Not too many OTC companies that I can think of who don't have toxic financing arrangements. It comes with the territory when you're bottom feeding.
VIBI's debt certainly isn't triple A rated by Moody's. But then again their stock doesn't trade on the NYSE or NASDAQ either.
RS could happen. But not "very soon" as you predict. I predict this will bounce and bounce hard before this reverse splits.
Time will tell who is right on this.
Cheers.
It'll come. Hang in there. Those selling into this downdraft will be kicking themselves in a few weeks/months. I'm in no rush to make a nice return.
Market cap tells the story. Way undervalued no matter how you slice it or dice it. One patent alone is worth much more than the entire market cap.
I'll be scooping up more shares on Tuesday after some new funds clear my broker.
Wouldn't mind getting some 3's or 2's to be honest with you. Perhaps I could sell all now and buy back in at 3 or 2, but knowing my luck this will shoot up 5000% in a single trading session while I'm on the sidelines waiting for that lower price.
In my opinion, there's more risks being on the sidelines than dollar cost averaging in. No doubt you can't lose money being on the sidelines, but you can't make money on the sidelines either.
Gotta keep that money working for you.
My 2 cents. Take it or leave it. No harm no foul.
Oversold. Their patent alone is worth more than that. I'm a buyer here. Lots of blood in the streets.
Well I picked up some 6's today. Was just too tempting to pass up considering I paid 13 just 2 weeks ago. I still have a limit order in to buy more at 0004 if it goes that low.
No doubt they're diluting the hell out of this stock. But even taking that into consideration I feel the shares are oversold.
Best of luck to all holding this.
Agreed. Take Volkswagen AG for example. It has always traded on the pinks and they have a market cap of over $85 Billion. Ford trades on the NYSE and their market cap is less than half of VW's.
It could happen. Stocks like this can run several thousand percent in a single trading session given the right news.
I'm not selling. I'm in accumulation mode. Bring it on MMs, keep shaking that tree! I want lower prices. Higher prices only after I'm done buying. I'm in no rush.
The key to making money in the stock market is to buy low and sell high. But it appears that most here prefer to do the opposite lol.
Don't let the emotion of fear get in the way of making a profitable trade. The key is to buy when everyone is selling, and sell when everyone is buying. Easier said than done though...
I wasn't aware this thing trades on Saturdays.
Not necessarily. One only loses money when they realize a loss by actually selling shares at a price less than what they paid for the shares.
So even though the current price may be a lot less than what they paid for them, if they haven't sold those shares yet they haven't lost a dime.
If they're still holding there's still a chance of selling at a profit in the future. "Realized" gains and losses are all that matters. "Unrealized" gains and losses have no effect on one's bank account.
The market makers control the price action here. Not buy/sell demand. If they decide to let this stock run up, the price will run up, and regardless of the OS.
They'll let this run again, after they're finished shaking out all the weak hands. They make their money on trades, regardless of price direction. Their goal in life is to do what it takes to entice more trades.
Right now they're capitalizing on the fear of shareholders. If the selling dries up perhaps they'll try the greed angle. That's when I plan to sell.
I agree. The lower the price falls the longer time it takes to convert shares. It sucks. But I'm not selling my shares this cheap.
But I'm not buying any more shares "yet" either. This ticker is in free fall mode with no support in sight. With the rapid rate of dilution and all the panic selling going on no telling how low this will go. I don't think the bottom is in yet, far from it I think.
I wired more funds to my broker today and put a limit buy order in at .0004. I really hope it doesn't fill for the sake of my current long position. But if it does fill at least it'll get my average cost per share down to a more respectable level for better odds of selling one day at a profit.
I don't think Vilacto Bio is a scam operation. In my opinion it's a real, legit company. The share price is just the result of toxic financing. That's what it does to share price, no way around it. But until revenues are sufficient to keep the lights on, more toxic financing is to be expected.
Best of luck to the other longs.
Make that 3. I picked up another 1500 bucks worth of VIBI @ .0013.
The way I look at it, if I liked the .002 bargain I paid on April 18th for this, I REALLY like the bargain today lol.
But no more bargains please... I'm ready for this to start trending upwards. I'm out of fresh powder.
Well... not yet anyway.
I've read that book and unfortunately mastered the art ;)
I took a starter position of VIBI on 3/27 at .0022. Sold it all 5 trading days later on April 3rd at .0049. Made a 123% return on no news. I think the high that day was .0053. Problem is I took all the proceeds of the April 3rd sale and bought back in at .002 last Thursday. Still holding all of it but already down 26% in 3 trading days. I think I bought back too soon lol. But I do love the volatility. Beats watching corn grow like some of my other plays.
In my opinion chart technicals don't apply much to penny stocks like they do with blue chips or S&P 500 stocks. But price usually follows volume even with crap stocks like VIBI.
My opinion.
Good call!
I took a starter today at .0022. I plan to add more weekly until all the free cash in my TDA account is put back to work. Not too concerned about the wild price swings at this juncture. It's to be expected in OTC land. Will accumulate more weekly through the end of April then trade some along the way on significant pops while maintaining a core position for a year or so to see if anything interesting develops.
Best not to let fear or greed interfere with one's trading strategy. Set your take profit and stop loss points then quit following the daily price action, unless of course you're a day trader ;)
Best of luck to all.
According to Forbes, the worldwide cloud computing market in 2018 was 175.8 billion dollars and they expect it to grow to 206.2 billion in 2019 and projected to reach 411 billion by 2020. ICLD wanted to be in that space but it appears they decided to throw in the towel and go with a different technology with a smaller global market. I'm curious as to why they chose to do that?
My guess is Munro knew the end was near with ICLD so he jumped on any offer to unload his unprofitable company regardless of how pathetic the terms of the buyout were. You know they can't be good if original WaveTech stock holders will end up with 93-95% of the outstanding shares of the newly formed company. That leaves Intercloud shareholders with a pitiful 5-7% ownership in the new company. A very small slice of the pie.
And this company that plans to acquire Intercloud has problems of their own if they anticipate shares of the new company trading on the OTC Pink market. Oh they "say" they intend to trade on the NASDAQ one day, but if I had a dime for every time an OTC company CEO mentioned plans of upgrading to the NASDAQ I'd be a multi-millionaire.
I sincerely wish the best of luck to you and anyone else who plans to hold ICLD stock. In my opinion though the risks of holding far outweigh the potential for reward.
Full disclosure: I do not currently own any ICLD stock and I do not plan to ever buy any more. I dumped the last of my shares in early April at $0.081/sh at a huge loss. I felt like an idiot to sell at near the all time low share price at the time. And an even bigger idiot when the share price closed at $0.135 the next day. If I had waited just a day to sell I could have cashed out 67% more. But fast forward to today and I feel like a genius. The 8.1 cents/sh that I got is 135 times greater than the current share price. I'd be leaping off a tall building if I had held till now. But I remember back then thinking the share price couldn't go much lower because it was already down so much, so fast. Boy was I wrong!
True. Anything can happen. But ICLD seeing 10 cents a share "before" the reverse split is highly improbable. You have better odds of getting struck by lightning on a sunny day.
Best of luck to you with ICLD. I hope that you are right and I am wrong with my assessment of this LOI news. I hate to see anybody lose money and would never wish that upon anyone.