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Wiser,yet poorer= my life story. :)
Replaced by the $2 PP,defacto "underwritten" by Joe Public.
So conveniently "tucked" in the filing,
The $2.00 PP, the Nasdaq notification of below the $2.5 million shareholder equity threshold.They have till May31,than a six month grace.Maybe they will merge with OVRL or its twin again,DELL will re visit its "spurned" $23 bid,Spiffy will morph into a Cannabis company,rename the Ubiquitous product GRASSWARE.
One thing for certain,till the rogue scoundrels are still at its helm, they are not finished(trying to)bilking this dead horse and its shareholders.
No wonder I could not find the NR of a PP.Looks like Johnny Retail was blindsided... AGAIN..
Thx, OILED,that wont even cover yearly expenses..I really wonder what they are up to..
Could you or 401K kindly post the NR re the $ 2.00 financing? tkx guys
Not yet on yahoo, probably sneaked into 10k filings. Typical.
Though hard to prove, my theory has always been,ones in the know have pre sold,locked in the spread,SAPS trading in the market will have basically underwritten the deal.
Even IF there is a four month hold(PP),if one has already sold from a long position, no risk, and even a straight "honest" deal at 20% discount to SP would be immoral.
"Spiffy (price action) never ceases to amaze me" ,said a very learned long time bear and friend of mine. :)
Derek, The stock is at pennies, reverse split adjusted, hard to short as difficult to borrow,there could be tax implications selling(desposition could result in write off affecting book value of company holding shares).
There is a reason the scoundrels are still around,are they commanding high salaries? Or planning another hail Mary? We would not touch this POS ,rather go to the casino or buy a lotto,yet traders are a fickle bunch,greed is good, said Gordon Gekko, a fool and his money will be parted,said another sage. M+
Indeed,yet them dirty socks still trade at two and a half bucks,they can have mine for a Canadian dollar. :)
Said it once, will say it again,$2.40 to $3.25 narrow trading range,$2.00 to $3.50 wider range,close the year below than price of $3.40, most likely way below $2.70.
Belief? or Hope?.
Spiffy achieved penny status numerous times,only to be salvaged by reverse splits.The recently spun off OVRL went public in late 1990s,$10,000 than does not today even buy you a cup of coffee at Mickey Dee's. Same geniuses in both companies still at the helm.
Hence my conclusion, they are not done with it yet,at the very least they will try...
In this case, they (battered investors) keep coming back for more,and no ones been indicted, let alone gone to jail. :) . Crime DOES INDEED PAY, sometimes.
Quoting a long time Spiffy bear( we texted last week), "Spiffy never ceases to amaze me".Perhaps he would like to make an honorary guest appearance with his current synopsis.M+
Yup, fair odds to that happening.Cant short a stock down from eleven bucks to pesos either. :)
$2.40 to $3.10 in a narrowly defined trading range, $2.00 to $3.50 second standard deviation.Closes the year sub $3.40(highly likely),sub $2.40(more than likely), sub$1.40 pretty likely.
All, in my very, very, humble,unqualified opinion. :)
FRIENDS,this patient has been under palliative care since she first slipped towards penny status multiple reverse splits ago.Traders can gloat everytime they make a quick 50% on hype and expected hype. Insiders have nothing but sold since the moonshot a few years back,I may dare suggest,sometimes covertly.The "founders" are still around,cant be just for the salary.I SUSPECT they believe they have one last kick at fooling new investors.Doubt they will succeed,a quick blip notwithstanding.
My prediction of closing 2019 BELOW $3.40 (than price) remains intact. 80 % chance of regaining penny status.
One gets the feeling that majority of traders are also having a rough time.
Spiffy traders are playing the $2.50-$3.25 range with remarkable success. The hoodlums in the know are not done toying with this once internet game changer with Ubiquitous technology, killer of the apple tollbooth.(NOT).
I recall my 2018 year end prediction for 2019, a wide trading range, 2.25-3.75,closing the year below than price of $3.40. Way south of it.Nothing seems to have changed.
Perhaps because longs are still bleeding profusely,shorts hate to be caught pants down in an illiquid stock.
Call it whatever you want,
Another Pump and Dump,
dead cat bounce
or "controlled leak" in the offing,
Shorts will "pay" Story tellers will be back chanting how they all bought back in "pennies off the lows"..New Masters of the trading Universe will re surface,perhaps even another equity financing below market prices. I said it once, I have said it twice, I will say it again,the Spiffy scoundrels are not yet done scalping investors in this once killer of the Apple tollbooth. :)
I have to be careful what I say,as I have no proof. In the past,the stock "pops",than the company announces a private placement at a price below,for example, the stock popped towards. three and a half,"shorts" were established, than a private placement at say $2.75,close to current market price. The fact that the same management is hanging around instead of" retiring" suggests to me that they are upto some shenanigans .ALL IMHO.
I agree,although too risky for a senior citizen with zero high Octane money to play with.I get more bang,feel more comfortable swing trading the weed stocks.
I was wondering myself, was that earth shaking rally towards $3.50 on heavy volume it? My gut says no.Than again its like calling for heads or tails, red or black, odd or even. :)
Another P and D in the offing.. One can smell it... :)
Hey friend,we are participants of an environment where the Dow drops 700 one day only to pop a 1,000 the next.This is truly akin to a trip down Vegas.
My strong feelings,in concurrence with yours,this puppy will aggressively trade between $2 to $5 till the earth shattering NR from the spin masters.There is one coming,next month or following,is almost guaranteed.
My year end 2019 "guess" is for considerably lower than $3.40.
The entire float traded today on up volume.The fat lady has yet to sing God Bless America.
IMHUO
So some SAP paid $4+ today,another sold in the low twos yesterday?On close to 5million shares? No news? No make believe PR?
AMAZING.
I cant find any news on yahoo or google,any clue?
I am speculating based on past history,that these shenanigans are far from over,failing which, Spiffy will achieve penny status... AGAIN..
Oh Yes,HSIC(Head Scounderel in Charge) still at the helm.
OUCH..So much for the three dollar double bottom.
When I suggested a wide trading range of sub three and eight plus,I had year end 2019 in mind. not 2018. The scoundrels who perpetuated this grand debacle are still around,I can sense their evil intentions. Not that it will last beyond a nasty dead cat bounce.Tax loss groupies must be bailing at these levels. IMVHUO
Greed is good, greed will bring them back in droves...
The Chairman,CEO,CFO remain the same on deck,though some chairs have been shuffled around.The updated front page reads"A VISION OF THE FUTURE IS CRYSTAL CLEAR" A forthcoming attempted moonshot must be in the offing. Once again, strictly IMHUO :)
And we can agree Derek , Oiled G, with more to come.
All, IMHUO.
Past history...accumulation patterns..Too bad I don't have the stamina nor throw away money to be a day trader.Perhaps I should start a newsletter,"How not to find big stocks"..
Nobody has a clue to why these 10% swings on heavy volume. Best Guess remains that rumour mill and or controlled leaks are fuelling interest in further earth shaking news to come.Captain obvious (my twin brother) keeps whispering in my ear that with daily volume exceeding available float,the fat lady is still in the arena.
IMVHOUO,after trading its 2018 range a few times, we will close 2019 much lower than five bucks.
The rally sure puzzled me(not the trip down back to reality).From two to eight bucks on hundreds of millions in "old" shares traded,a very stealth pump and dump or sheer greed got to Johnny retail again, unless there is more to come..this was not just another short squeeze..in the meanwhile three dollar handles are once again upon the poor longs,,
a fool and his money......
That is my impression of things to come.This will drift lower till the "ground shaking" NR.Without which we head back to"three" handles.Nervous longs can thank their stars the limited float makes this stock hard to borrow and short.
U for "uneducated" ,we need to stay humble