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When Trying to do math on gbsn shares, you need to use infinity as your number of outstanding shares. I have no idea how this scam hasn't gotten delisted. Might be some decent opportunity for day trading here, but the dust needs to settle first
Yup... Toast. At minimum, there are levels of historical support at 0.15 so I don't expect drastic changes here. Just a waiting game now
R/s wouldn't do anything as they need to be above $1 for 10 consecutive business days. Worst case is that they appeal
Nah... That won't happen. The SEC just accepted their S-3 form. Skyline wouldn't have jumped through SEC hoops to not stay compliant. I feel pretty good overall that we'll stay on Nasdaq
I don't think they would have filed an S-3 if they would just go to the OTC. I also believe they would be diluting the crap out of this if they were going to reverse split. The logical conclusion is that they filed the extension.
As far as news, I expected news already. It seemed like in the radio interview that everything was good to go. My hope is that part of the Joint venture is to be part of EORs existing or newly obtained contracts. That would send this thing sky high instantly. I guess we will see. This is a pure hold IMO. No need to add more shares, but no need to panic sell.
Bravo
The ONE goal of this stock before news is to hold the share price. I'm not worried about volume or daily fluctuations in trading. That will all come one magical day at 8:30 am
Nah... Pre and after markets are useless for this stock. It was 0.177 premarket yesterday. Unless there's big news either way, pre and post market don't mean much
Wrong board
I don't think it's dilution either just people getting impatient and seeing other plays while this keeps acting bearish. A pr in 5 minutes would be great, but I think that every day. I'm like Pavlov's dog for 8:30
What's frustrating is that I listened to the radio broadcast and there was good information there. If they would release a transcript or an article saying the same things they were talking about, this would blast into at least 0.30, but there has been nothing! Now, I fear all the JV talk might be a dead cat bounce.
I thought I could get in in the 0.20s and see at least 0.25 but the price kept bleeding down. Stocks like this are the ones where I lose money because I become impatient and sell right before it pops or hold to long. I can't win on holding these but it's in the bear trap now and there's nothing we can do until contract or sales news
Yeah bought at the bell on GLG news expecting a quick flip and got stuck in the bear trap that is this stock. The support is too strong to sell and news is pending, but it should pay off once news hits, which based on the radio broadcast should be any day (although I've been saying that for a while and am disappointed at 8:30 am every day)
No worries until it does this after pr... Small potatoes now until then
No I do... It's been steady but not as steady as today was. Starting to get some movement now... Big bull push and big bear push and we're back to square 1... Just waiting on the good news
Very few people interested in a steady stock. It's ok for the hold as I think we will hear positive news shortly
Yeah but with fluff prs, I expect volume. Not seeing that today. I suspect this is a non-story until further notice.
Might be a good platform for EOR contract tomorrow though?
Says that on a green day... This stock is poised for big news in the upcoming days. Possibly even tomorrow. 8:30 is the company's good news time
The 0.195 is a made-up number used for estimation based on Nasdaq trading that day. I believe that the stocks are part of the employees payment package.
So instead of getting a 10 grand pay raise, they are paid in shares. I believe these have magically appeared and are additional shares beyond the existing number. It should have the same effect on financials as a bonus or pay raise would honestly, just a different way of looking at it.
As I've stated before, I think it's a good thing and generally view it as a positive that the employees and management are invested too. Which leads me to believe everyone is feeling pretty good over there
Thanks. I generally don't like to hold penny stocks, but this one has all the makings of a big win for the reasons described in the post, as well as others. The price is holding in the lull and people are getting antsy, but I would be surprised if everyone doesn't at least double or triple their investment within the month
Employees get share plan. Interesting points:
1) Happened before a probable Joint Venture contract. Therefore stocks are cheap.
2) probably would not be great for morale if they just got shares and the price drops. Leading me to believe that the company will not dilute or r/s if possible.
3) sellers from acquired shares, employees, are less likely to sell in bulk like a diluter would. Their effect on the market's action should not have a dilutive effect.
4) Company management and employees now have an interest in improving stock price. Stocks like GBSN or others just don't seem to care.
Overall, I can see why the price dropped a little after the news (people think it's dilution), but in the long run, it's another sign that the management has faith in the company's survival and this will probably be on the way up soon
All those shares have been bought at some point by someone. My value on this stock is basically zero until further notice
People keep buying though... I wonder why?
Genius!!!!!!
Not to mention the drop in value between each r/s. I'll be back to day trading this once it gets back to these levels
Using know why anyone would buy before a r/s...just throwing money away
Didn't even need clay to tell you that. Strong bounce today. Hope you got out!
Watch out! They're dumping
Maybe on another pump and dump, but the company is not looking to increase share price right now which is the biggest concern. The timing of the pr vs the dilution are key points
Crazy that the price drops that much with more buys than sells... Sign of major dilution going on. The worst is still yet to come IMO
Didn't see that. Got out of this POS as soon as I could this morning. That's a huge dilution. Probably leading to a R/S. Not the time to invest in the company as they are probably cashing as much as they can before the split. I don't think it's a scam, but the company is using toxic financing to survive
Yes... 14M new shares in the market
Read the prospectus.... Dilution
Not sure what that means?
Haha
Warrants
Setting up for a huge run!!
No it's people taking their profits IMO... Deal sounds done
The Alaska airlines deal might still happen, which should add more value here. All the more reason to buy/hold
This hasn't even run yet today.... Waiting patiently. I don't think 0.90-1.00 is unreasonable on such good news