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Since the company NVCN does not have the funds to do a massive BUYBACK then what is the other option, Reverse split...thank you.
Then an SEC >5% share holder statement will come out to state that and none have. So, no one buyer has accumulated more than a 5% stake in NVCN lately since the dilution started or it would have to be reported. So no one entity has more than roughly 80 Million shares in their pocket right now to go above that 5% mark and have to be filed with the SEC.
Some here get it and some don't... NVCN has carefully planned EVERYTHING to do with it's stock price, as it is. It knew it would go thru massive dilution with the warrants and it knows it will go thru a R/S and after that it will sell more shares at the then post R/S price. It's all about keeping NVCN afloat and listed on the NASDAQ on the backs of "share buyers", it's that simple, look at the facts and quit glossing it over with BS dreams that will NOT happen for years, if ever. NVCN has received over $10 million thru the warrants execution to help their business survive thru next year. The company is in "survival mode" and the CEO cares about "product sales, profits and employment"... shareholders mean nothing but a "means to an end" for generating cash when he has no other means to do it. Going long on this stock if you are heavily in the RED is ludicrous, get out and save what you can or short it, is the only way to regain your money
or make money here. Don't get fleeced! IMO
Dilution will likely be done by the special meeting on June 4th that will determine the size of the reverse split. Little point in doing a reverse split if NVCN is still diluting at the time. It may resume at a later date though to generate more cash for NVCN.
That was a dead Gerber bounce today, I think a cat would bounce higher. There is only one overall way for this stock to move before the reverse split (and there will DEFINITELY be a reverse split), and that overall movement is down. This stock is way OVERVALUED with a nearly $ 80 Million market cap, diluted ridiculously and still diluting. I'm amazed NVCN has held as much value as it has this long. It's just not worth it at this point, maybe some day relatively soon but not now. The analysts are correct in that the stock will likely be a $1.80-$2.00 per share stock AFTER the reverse split but that's the only way NVCN is getting to those numbers within a year. IMO
By end of day this will likely be back at $0.0415, unfortunately. I hope not but I bet that's where it goes. It's not breaking out to the upside, It needs to go above $0.048 and stay there to break out, not gonna happen. IMO
As to continued dilution... more on the way. From NVCN statements on April 30, 2018: "10,273,972 Series C Warrants were originally issued in the 2017 Public Transaction, and 2,192,748 remained issued and outstanding at the close of business on April 24, 2018. Each Series C Warrant may be exercised at an exercise price equal to US$1.46 (subject to adjustment) at any time prior to 11:59 p.m. (New York time) on November 18, 2019 for a Series C unit (a "Series C Unit"), with each Series C Unit being comprised of one Common Share, one Series A warrant (a "Series A Warrant") and one Series B warrant (a "Series B Warrant").
At the close of business on April 24, 2018, there were 1,251,641 Series B Warrants outstanding and 2,192,748 Series B Warrants issuable upon exercise of the remaining Series C Warrants outstanding, if those Series C Warrants are exercised, 33,757,592 Series A Warrants outstanding and 2,192,748 Series A Warrants issuable upon exercise of the remaining Series C Warrants outstanding, if those Series C Warrants are exercised, 22,431,507 Series E warrants (the "Series E Warrants") outstanding and US$29,525,000 aggregate amount of senior secured convertible notes (the "Notes") outstanding. There were no Series D or F warrants outstanding or issuable at the same date.". Enjoy it while it lasts, this will be well over 2 billion shares issued when done. No way it even stays at $0.04/share, it will fall, a lot! IMO
I think that a run ending above $0.045 is very possible later today. The dilution is coming in smaller packets when there is any but most is just nervous short selling into any strength. I think that's a mistake at this point if share price activity stays on track. There are a few deep pocket buyers picking up shares too. This could make a short term run above $0.060, but not likely today. IMO
Looks like the BULLS are getting in control here today. It's a struggle but it looks like they are winning so far. Now, it needs to break above .05 and hold. Mr. Diluter seems gone, dilution done??? No big 500K of shares coming up on the ASK line, just churn.
That's why they hammer the stock hard in the beginning of the day and back off to let it come up for air later in the day to max out the warrants conversion rate over and over again.
I think those that loaded today in the low .04's are in for an upside surprise early next week and a slight upside finish today. IMO
Dilution looks to be coming to and end... few 500,000 share sales on the ASK line and none in the last 15 minutes. This may be the higher bottom of the double bottom.
And prior to that I got in large in at .0370 and out at .0631 so I made plenty of money on this and am up $thousands$ still. I also got in and out 3 other times and made money then so, Bawhawhaw back at ya! I'll get back in when it's back in the .03's for a double bottom, maybe... This time broke even on last 100,000 shares.
I always love it when people reduce themselves to name calling and degradation when it comes to penny stocks, means I'm doing the right thing... good luck with that...lol
Well, my rookie move has made me plenty of money with this stock, so whatever.
Unless positive news out soon this will be back in the .03's by mid-next week.
Very unlikely this will go above .045 and end the day there but likely will end the day just shy of .045. Dilution is continuing and it makes people nervous, so they bail. Only a fool holds onto any stock into dilution and prices falling; better to sell and buy back in lower and pick up more shares in the process...until dilution is over.
Sold @ .0451 and will buy back in later when the dust settles...
NVCN broke support, down we go!
Until the large block "sells" get off the buy/sell line this is going nowhere fast, slowly slipping down for now... good news better hit soon!
I agree, I have made nice money shorting this but I do believe that at some point (hopefully soon), it may be better to hold this for a longer term and make a larger chunk of change from it. I'll see. Not increasing my position yet.
Yeah, I laugh at the "grasp for straws" attitude that is prevalent here. Reality is we might hear something within the next 20 days, when, who the hell knows. Hopefully its good news or this will "flop on the deck and smell like a fish"...lol
This will likely stay in that range until news comes out. This is not the normal "pump and dump" stock. Any other stock that had over a billion shares of dilution thrown at it would have been sub-penny by now. This is very likely to see between $.10- $.20 in the near future, when... who knows but likely within a month or two at the most. Institutional buyers own a substantial stake in this company and I haven't seen an SEC filing saying they have sold any shares, which is good. Upside potential beats risk right now. IMO
You really think there is a choice between these two stocks. If you want to loose your hard earned money I'd throw it at OXYS today. Just pick a good price to get into NVCN before it jumps and keep an eye on it.
TDAmeritrade shows an updated OS to 1.2 Billion shares today and a market cap presently of $59.2 Million... so one NASDAQ requirement is met. Bulls are trying to take command today...
Investors who haven't already listened to this from 03/28/2018 may want to use this link: http://public.viavid.com/index.php?id=128910 for the 2017 year summery conference call. Very revealing. Basically, NVCN had no choice but to either sell shares to accumulate cash and wipe out debt or go bankrupt after selling their then, "cash cow" to BSX to settle suit related debt. Now, NVCN is a company with little debt on the books that can survive with a $5.2 million quarterly money burn and as of the end of the first quarter of 2018 had reduced staff by 58% from 210 employees to 88. By first week or two in May the 1st quarters results should paint the picture for the rest of the year. It also has enough cash on hand to run the business for at least another year right now. IMO
I'm getting a sneaky suspicion that this isn't like your typical "pump and dump" stock, seen plenty of those and this would be in the basement .02's or lower by now if that's was what this was about. There is something of an orderly push/pull feed of shares happening and an attempt by the deep pocket buyers to keep this in a range that helps NVCN keep it's greater than $35 million market cap it needs for continued listing status with the NASDAQ. It bares watching.
I'm thinking that if this can push back up to the .048's by end of day, then this might, keyword might, be showing early strength to me, dilution is dropping off slowly, just a gut feeling.
I can't believe I'm saying this but I actually am doubting that this will see the .03's again anytime soon. I'm thinking this may just play in a range here for awhile until a catalyst is introduced. Since most of the negative risk is know and already backed in, ie: dilution and possible R/S on the horizon, then any REAL positive news might move this UP considerably. It appears the odds may be leaning that way. Might have to buy more soon, I like the range today.
Seeing is believing. I'm not adding shares until I think it's time, not there yet for me.
The part that's sad is even though dilution has slowed way down, still no more deep pockets buyers are coming out to buy this stock because they know dilution will kill share price... so what's the point to buy here only to loose money. This stock needs major news like a CE approval for Tiara for this to go anywhere upwards in share price in a significant way. IMO
Here is another speculation for you then, (by the way, basic math hasn't changed- no speculation in previous statement). this stock is tanking again this morning with further dilution to start the week.
There are well over a billion shares outstanding now so the 2+% statement in the data is ridiculous. It's more like 1% or less by now since total dilution is to halt at 1.512 billion shares, hopefully shortly.
This stock will languish here and fall as the warrants are exercised and even the shares sold at a discount at $2.60/share instead of $2.75 according to the 8-K filing. I'm out before this turns into a blood bath for share holders.
I'm a realist and not a basher. If you can't see what I'm saying is true then you need to do a reality check. NVCN may go to the moon like you say but realistically there is about a 90% chance it won't anytime soon. In fact it is much more likely to go down from here, hard or just languish until the reverse split happens. Either way holders of NVCN loose money. How is that good? If it goes UP appreciably I can always jump in for more and catch the ride up, costs a little more but I don't run the higher risk of loosing any money, just make a little less. That's why I'm in the GREEN here.
That's because a month ago there was no MASSIVE dilution to contend with, CLAY can't make this stock move one bit, he can say anything and it will have zero effect. Massive dilution is what's killing this stock price, nothing else really matters until it's totally done.
The only ones that need to be patient are the ones that have lost money in this stock already for it to move up and regain losses. Anyone else has made money if bought in the .03's and they can walk away now with profits. If that starts, this stock price falls. So hope it goes up soon for all invested...
All that said, there is no NEW driving factor for this stock and that is why it's going no where fast.
Without a massive bit of good news, this stock goes nowhere fast. I wish it would too but likely not before going further down.
Even with NO volume and little dilution happening so far today this stock can't move up, so that tells me that once dilution is done, the massive accumulation that many have predicted, won't come. This is going to flop around like a dying fish soon and die. IMO