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Here is a current example of why I believe a uplist and reverse split will be a disaster for CLOK Shareholders The company SONM after a reverse split had a high of 7.35 the week of 9/10/2021. This stock closed Friday at Fifty-six (.56 ) cents and may in my opinion be in danger of being delisted. SONM has revenues of over 56 million and only 19 million in shares outstanding. Whats wrong in my opinion is low revenue
If CLOK has a truly marketable product what is needed is sales. I suspect we will need revenue of 200 million or more to safely uplist. As one poster wisely said on this board “lets not get the cart before the horse”.
The above are facts and my opinions.
At this point it is hard to say that CLOK is not a shell company. It has been my hope for several years that CLOK would be taken over by a company with the development skills to develop a product that will sell. I am on the fence on whether SideChannel can move CLOK forward. When we can see audited financial statements for SideChannel that will make thing clearer to me. Three (3) million in revenue is not much. As an example many small town grocery stores have substantially more revenue than that. In my opinion if this merger needs to immediately raise revenue we are in for huge disappointment. If SideChannel can sell Enclave as is we will be rewarded. In my opinion the question is whether Enclave will sell as is or does money need to be raised to make it marketable. That is a valid question because CLOK revenue has been next to nothing for many years. Just my opinion.
Yesterdays volume to me means folks do not wish to sell their shares.
if your prediction are so good sell it short we will see how that works out for you.
In my opinion circular trading plus cheerleading girls.
In my opinion there are probably some investors who have larger positions in CLOK then are prudent and are now concerned for there investment so they voted the proxy through. Without significant revenue even a small whale might perish.
In my opinion without substantial revenue the idea that a uplist will make things better is a load of horse manure.
My opinion of a couple of months ago has not changed. I believe there is a professional high speed computer trading in CLOK. There is no reporting law when selling short as there is when buying . There is a 10% reporting rule on the buy side again none on the sell side. Zero to 0.25 interest rates makes this very attractive venture. In my opinion without substantial revenue they will continue to position for lower prices. I truly wish it was a simple as one person buying and another selling. Again just my opinion.
I will say the current management is better than our past management and they are trying to control cost. In my opinion though we have never had management with the technical skill needed to run this company.
In my opinion the passage of the proxy will cause long term investors to not re-cope their money for many years much less make a profit. Long term investors have taken tremendous losses. I personally have just a tiny fraction now of my original investment. All we can do now is hope for a miracle.
Your math is correct 2/3 vote is majority. This is what happens when large share holders make very bad decisions. Unfortunately history has repeated itself. IMO
the bad just happened the proxy was approved.
no way to tell for sure but someone is definitely supporting the market at twenty cents. I say that because this been going on with no follow through for almost two weeks. It appears someone wants it to not fall below twenty cents. Its not hard to speculate why.
I was disappointed in the conference call it was to vague in my opinion. I will say the current CEO is in my opinion a vast improvement over MDLG. While some folk had high praise for MDLG I did not and made posts stating that. I personally believe we are now where we should have been 5 years ago. I have lost a tremendous amount of what I have invested so have no recourse but to hope for the best. If the reverse split is approved it will take many many years to just regain my investment even when revenue starts in my opinion. Vote no on the reverse split. Lets not get the cart before the horse.
It is my understanding they pay a fee to use the high speed setup.
In my opinion no way. I seen this tactic used before on other stocks.
In my opinion what you described is a high speed trading computer (I have seen this many times)this will many times cause the trader to hit the ask. They are positioning for lower share prices. This can happen on all exchanges.
in my opinion if you are right it will end up being a total disaster for common share holders without substantial revenue to support the implemented proxy. We will see MOST our investment vaporize.
It is my understanding that if this proxy vote is passed the clok board will have until Sept 13,2022 to do a reverse split for a uplist.
In my opinion if this done before the company has substantial revenue it will be the third reverse split disaster for us share holders. In my opinion the stock will go down with out substantial revenue before the reverse split. As one poster said lets not put the cart before the horse otherwise we may all have just a fraction of a fraction of what we had.
thats what you said the last monster reverse split and look where we are at now. i am sure alot of old share holders remember that. Reverse splits are good you said. what is good is good revenue which has not happened for 7 years. all we have done for seven years is sell shares and a monster reverse split.
My shares will absolutely be voted no. Enough of the incompetence and self serving.
In my opinion if present management cannot show improvement in the companies finances(sales) with the last money raised from share sale then I think a custodianship should be considered where it will be run as a business. NO MORE COMMON SHARE REVERSE SPLITS. The splits were only good for the company executives in my opinion. There are other ways to raise money if it absolutely is needed.
I would absolutely not support that.
Unfortunately congress choose to do nothing about what was testified in their hearings about the short selling in GME and other stocks. Short selling for stocks under $5.00 should be illegal. Tax payer money was used to save business and short sellers try to put businesses out of business. Something is very wrong with that in my opinion.
During the congressional hearings over GME and the Reddit crowd on the web it was disclosed in testimony that short totals are not required by law at all only the number of share a person or company is long is required by law if over 10%. In my opinion the law needs to be changed to require short sell totals. In my opinion it appears the short selling amount is tremendous.
In my opinion as long as the amount of short selling continues that is stated below price advances will be difficult. Short selling for stocks under 5.00 should be against the law.
The short sale volume percent (not short interest) for stock ticker FCGD is 73.3% on Jun 15, 2021. The short sale volume is 898,269,483. The total volume is 1,225,409,249. The short sale volume percent is up 15.49% compare to Jun 14, 2021.
From http://shortvolumes.com/?t=FCGD
The short sale volume percent (not short interest) for stock ticker FCGD is 52.38% on Jun 09, 2021. The short sale volume is 147,990,998. The total volume is 282,530,990. The short sale volume percent is down -3.58% compare to Jun 08, 2021.
The federal government is using tax dollars to save businesses and the short sellers try to put them out of business. Something is wrong with that scenario in my opinion.
I agree. It should be against the law to short stocks under 5 dollars. In my opinion also the short seller trolls are out on this one .
It is as Jesse Livermore said "the big money is in the sitting".
Sub penny stocks usually do not have company buy backs , pension funds or mutual funds or etfs which generally take large positions and use the ask to get their fills. Unfortunately unless some news is released this may stay at .0002 - .0003 for a long time. The bid undercutting is demolishing the price per share. Just my opinion.
Unfortunately if the (undercutting)bids keep getting lower and lower so will the price.
It might be alot longer than all day. Undercutting does not work in sub penny stocks in my opinion. The short sellers know this.
I agree with your post.
I own a very large number of shares and will hold.
I own FCGD shares so I hope it does not try to go private. In my opinion my experience though was not so good in the case of Dulap Tire shares I owned.
There is another scenario I have not heard discussed which happened to me many (over (40 )years ago. I owned shares of Dunlap Tire which acted very much like FCGD. The people who toke private ownership of it by accumulating enough shares to forced the rest of us to sell by law. That was many years ago things could be different now. I was very disappointed with the share price I received. I thought I should have received much more. Just passing along something that happened to me which may not be relevant for FCGD.
I agree with your strategy.
The outstanding shares is what is used to calculate market cap. The Float is trade-able shares.
I would agree with that if there are no short sellers.