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My guess is the first two bids are spoofs folks - they want you to bid above that.
Again, I am not adding unless it breaches 0.009, but in around .01 is ok in my view as well - but don't given them that 40% kick by bidding over 0.014
CANT 0.014 100000 09:44
NITE 0.014 80050 10:12
CDEL 0.0112 15000 10:20
CSTI 0.0103 10000 09:30
By the way, that 230k that went through this morning at .014, well in went through after those orders were in the market, so they would have been filled if real
:)
Anyone know why this bid wont hit the ask? Watch tomorrow :)
Bid
CANT 0.015 95000 05/19
NITE 0.015 80050 05/19
Ask
CSTI 0.0157 78000 05/19
The $ value difference for that bidder to raise his bid and get 78k shares of the 95k order is $54 folks.....lol
Something tells me its our friends with the 'spoofy' orders trying to get retail to bid up.
I guess we'll see won't we?
;)
Love love love it!
Love my friends at the SEC :) Sure helps when one is your wife! You get the ear of the higher ups quite quickly!
That's nice - having an opinion that the support for WDDD was at 3 cents and being wrong is not equivalent to the following according to the SEC:
1. Claiming one is talking to those involved with the distribution of the shares of the WDDD convert. This implies one had some sort of 'inside knowledge'. Opinion on a share price based on one's view of trading is not inside knowledge.
2. Subsequently claiming that WDDD converts were 'done' well in advance of them actually being 'done' via that 'inside knowledge'. As we all know, the sales have been placing MATERIAL downward pressure on WDDD's price. It is clear that the WDDD convert seller would have a great deal to gain if those considering buying believed that the convert was 'done'.
3. Suggesting this numerous times, even in light of being provided commentary from WDDD's own financials and proxy materials that the convert was not done. Ignoring those facts and continuing to comment on this board that the convert was done - that is certainly spreading misinformation 100%, since the only information out there said the WDDD converts were not done and the company provided that information.
4. So if anyone was indeed speaking to those selling or part of that WDDD convert group and suggesting the above, they would be in serious trouble. If not, they have zero to be concerned about
5. As a public service announcement, attempting to mislead those on these boards about WDDD or any stock is illegal
6. Indeed if calling a support level for WDDD wrong was equivalent to the above, any analyst on the street that got their estimates wrong would be charged.
Good luck
Great to see that my suggestion to longs to hold off buying at 0.02 at 0.017 only a day ago is correct yet again!
Last trades at 0.0135 folks! That's alot more shares for the same dollar value if you were patient! Lowers your ACB substantially. Still I won't add unless it breaches 0.009.
Still alot of the convert to go in my view! 1 trade was over 800k today so clearly that convert is still hanging over this stock!
Depends on if a R/S is undertaken irrespective of the PTAB validating the patents.
I mentioned prior, that:
1. Given the financing for the PTAB costs has likely already been accomplished via issuance of shares, there is no need to undertake a R/S for financing reasons
2. In addition, given the exchange they are on, market cap means very little so there is no 'need' to do a R/S to finance regardless
3. The company did mention in the past and currently that the real reason for an R/S would be to uplist. Thus, they would clearly have a catalyst (ie PTAB ruling in their favor).
I agree with your logic but I don't see Kidrin doing a R/S 'just because'. Rather, the likely reason will be to uplist to the Nasdaq, and implicitly this would assume that the case is moving forward because patents are valid. As such, given the reason, the stock will likely be rising not falling.
If he undertakes a R/s without that catalyst (which as I explained really doesn't make much sense at this stage), then yes your logic is sound.
Notice how the bid / ask orders just changed at the same time folks? LOL How does that happen? Just 4 random people putting in the 4 orders at the EXACT same time? LOL nooo
Its the MM putting in all the orders at the same time to game the stock! A little too transparent
Seems our MM doesn't like a day where no shares are traded when they still have millions to get rid of for our convert holder!
Seems they'll now accept over 0.0129 since that still gets them a profit!
Under 0.008 boys, come on sell me some for that ok! Happy to take alot of shares if you do manipulators!
:)
Ask:
CDEL 0.0129 15000 13:28
CANT 0.0128 200000 13:28
Bid:
VNDM 0.015 10000 13:28
CDEL 0.015 10000 13:28
Hey where did that 500k bid go? LOL
Sadly no one is biting right now for our convert holder. They have a nice bid in there at .015 and their ask at 0.0157
0.015 / 0.0157 (70300 x 78000)
The difference if the seller would drop their ask to hit that bid is $49. Why won't the seller just take that bid out? Oh that's right, because the bidder is the same group as the seller and they don't want to hit their own bid, they want you or I to buy above .015
:)
As I said, spoof - this is how you create a floor for the stock - fake orders.
Umm, why even post this? Its a publication from clearly a ridiculous source, they are talking about lack of revenues? Really? From a company that is a PAE fighting its first suit?
Indeed, it seems like a bot or a 14 yr old ESL student with no comprehension of the company or even basic finance wrote it! LOL
Unnecessary to even post this tripe sir!
The Supreme won't even look at this case until
A. En Banc is accepted or rejected
B. If accepted then it goes through that appeal process (CAFC)
C. If rejected then likely MSFT will appeal to SCOTUS but needs to submit a Writ of Certioari.
D. If accepted En Banc and reversed, then it is remanded back to the district court and then Enfish can appeal to the CAFC then Scotus
The appeals process as a whole will take at least a year to two (closer to 2) years all in.
http://www.americanbar.org/groups/public_education/resources/law_related_education_network/how_courts_work/appeals.html
Agreed, do you know if Enfish was unanimous or was there a dissent? Being too lazy to pull up the opinion.
Interesting, thanks for the posts...
Love seeing those spoof orders lined up for 740k shares.
CANT 0.015 40300 15:58
NITE 0.0135 500000 15:52
CDEL 0.0135 200000 15:57
They were there much of the day, removed, then re-entered after the 100k went through @0.0134 lol (see the time stamp?)
Ie, its the MM putting the order in to try and create a floor, its not a real buy.
Clearly if they were real buys, they would be filled prior to 0.0134 both on price and because there is enough bid there to soak up 100k shares.
Odd that they disappeared then reappeared (again look at the time stamp and I saw them there earlier around 2:30 pm) after the 100k was traded isn't it?
Don't fall for it folks, keep the bid below those, let the seller come to you if you're adding.
Personally, I would not add over 0.0085. Don't let the seller transfer their risk to you and still make a profit. They want off, let them sell at a discount given the risk here.
They shouldn't provide punitive terms on converts and expect that their toxic financing will still make them money.
No reason to chase the stock people...use your leverage to get a good price not fall for market maker games.
Oh and the converts are clearly not done. There has already been around 450k cross AH
Perhaps some have something to 'gain' from suggesting that convert was 'done' prior to it even starting to be sold into the market, and thus buyers believing we were at a bottom (ie that 30 mil plus shares wouldn't be for sale in short order thus suppressing the share price).
I would think the seller of the convert would like that idea that the 'convert selling was done' planted in the minds of buyers wouldn't you?
Just a thought ;)
SCOTUS Patent case update from Dennis Crouch / Patentlyo
http://patentlyo.com/patent/2016/05/pending-supreme-court-patent-cases-update.html?utm_target/=dlvr.it&utm_medium=twitter
Argued:
Cuozzo Speed Technologies, LLC v. Michelle K. Lee, No. 15-446 (BRI construction in IPRs; institution decisions unreviewable)
Expecting opinion by end of June according to the article
Pending Review of Writ
Post Grant Admin: Cooper v. Lee, No. 15-955 (whether IPRs violate Separation of Powers; two amici now filed in support)
Post Grant Admin: MCM v. HP, No 15-1330 (separation of powers and right to jury trial).
You're welcome. On the R/S - in the past and in this proxy Kidrin 'appears' to be saying it will only be for uplisting purposes (ie to list on the nasdaq if the case moves forward).
I think this is still the case for the following reasons (or at least would think so given Kidrin's prudent behavior thus far).
1. There would be no advantage for us doing a R/S now. Financings to get through the PTAB are most likely done and in reality doing a R/S for a financing at this level accomplishes little. The stock should also see a little upward movement once the convert is finally sold off just based on supply and demand. Right now there is just too much supply. Basically, there is just no need to do one 'right now'.
2. R/S done with no catalyst coming, in a zero revenue company, trade down, Kidrin is smart enough to know that. By undertaking one other than for uplisting purposes he will simply just hurt the stock.
3. Should the company get through the ptab, a R/S makes sense to uplist to nasdaq as that can draw attention to the case, the stock and the very very strong position we will be in. This will certainly help the stock price significantly. In my view that is his intention (uplisting, WHEN we have a catalyst). Again, I could be wrong, but given his prudence suspect that to be the case.
All, some very important FACTS from the proxy. Some here want you to ignore the company's own commentary in their filings, and the data suggesting that there was $327 k worth of converts left as at March 31, 2016.
ALWAYS CHECK THE FINANCIALS AND RELY ON COMPANY DISCLOSURES FOR YOUR ANALYSIS - NOT WHAT PEOPLE SAY ON MESSAGE BOARDS, unless they specially provide backup (quotes/data) easily retrievable from the financials.
Oh and again, let's avoid the following facts about the convert and why it lead me to be right about the fact material dilution was coming (something you keep ignoring, the fact I was right)
The company extended the maturity date. Why? Just for fun? You think they extended the maturity date so they could convert early? really? Wouldn't logic say you extend the conversion date to prevent conversion? I think that is logical...most would agree.
Otherwise, you let them convert and not extend the terms right? Logic 101?
So you can continue to insult, skirt around all the facts and information I have provided that have been right (at least directionally) and have helped people add at lower prices- it won't change the simple fact
That I was right and am right. My whole thesis is below
1. I said the converts were not done and material dilution was coming when a few were saying they were done prior to March 31
2. According to the proxy and financials and trading since March 31 my view was correct
3. My estimate of 50 mil shares was incorrect, that number is lower and updated (again thanks to FlyersDH and the recent filings) but directionally 30-35 mil dilution is much closer to 50 than zero. Sorry if that bothers you
4. I read the proxy, I rely on company factual statements that tell me the use of funds from an offering are to retire converts. I explained how your logic was flawed on the fact that when issued, the company did not anticipate the price of the stock to be so low that they would breach their authorization. A company also does not mention the use of funds from the issuance of new shares to pay off converts if they are not needed (ie no converts left).
5. Moreover in the proxy it also says Mr Kidrin will forgo his option grants if the authorization increase is rejected by shareholders such that they can pay off the converts.Just another data point that MATTERS. I suggest you take the time to read my posts, the filings, the proxy before you bother responding to me again, and you use facts vs just thinking you're right in the future, because my facts prove out and you have not provided any.
6. My facts and views have proven me right. You can choose to be offended by that for some reason. I will continue to provide shareholders my views on when to add, whether you like it or not, or it affects whomever you may work for.
Folks some important commentary given the attacks I am facing from trying to help retail investors not over pay for stock when someone is trying to sell off a great deal. I am not sure why this makes some angry towards me, well perhaps I do but I will leave it there
My views are based on
1. The proxy statement- read it and the use of the cash from the authorization of new shares - it says to pay off the converts. This is a factual statement from the company not a theory or an assumption. Assuming otherwise is a theory and assumption, ie ignoring a company filing for a message board comment is a bit absurd but some here want you to do that for some odd reason.
2. The company's 10Q - read it. It states that there is $327 mil as at March 31 of converts left - Again factual look it up in the 10Q
3. Simple math if you take the $327 mil and divide by 0.01 to 0.012 gets you to 28-32 mil shares of dilution
4. Volume according to Yahoo from April 1st to yest was 24 mil shares.
5. Simple math. Assuming around 90% of that selling was the converts would leave around 8-11 mil shares left prior to yesterday.
6. I have told people to wait for a numerous reasons if they are going to add, as I am. Whether you do or not is your issue but at least I have walked you through key parts of the filings and facts vs slandering others and providing no facts.
7. If there is 8-11 mil shares to come and according to the filings, trade volume, and logic there is, clearly it makes sense to wait to add. How this view is seen as a threat to others, well it makes you think why is it that others want you to ignore what I am saying? Hmm...is it because they want you to believe there won't be selling pressure? If so, why are there no facts?
Why is there nothing in the financials saying there is no convert left?
Or why has there not been enough shares traded in the past days since March 31 to offset that amount ($327k) in the 10Q?
Or why do they say in the revised proxy today, yet again that a use of the funds will be to pay out the convert? If there is no convert you don't acknowledge that you are paying one out. You simply say the use of funds will be for 'general corporate purposes'. Clearly, again facts matter.
So after all those facts, please make up your own minds. Does someone who said
"Don't buy at .02 because it will come off because dilution is coming" and who was right (based on facts, logic, and an eye on how the market works), who helped you lower your acb if you bought at 0.01 or 0.093 - is that person trying to give you facts that you can think for your self on - is that person trying to help you or no?
I think its pretty clear
Always rely on the financials. There are people here saying the financials are effectively incorrect and that you should trust their 'assumptions'. Not something an investor should do. Trust the financials and proxy folks and do the math. If you have a basic understanding of finance, you should come to around the same values, and thus view as me.
I corrected the 50 mil from FlyersDh comment a few day back
Further I said there was probably 30 mil or so to go post that comment
We see in the 10Q that CLEARLY I WAS RIGHT
I have been directionally right, no one has the EXACT NUMBERS OTHER THAN THE CONVERT HOLDER, 30 million is a hell of alot close to 50 million than suggesting the convert was 'done'.
IF YOU CANT HANDLE BEING WRONG THAT'S YOUR PROBLEM
I can handle being right and your insults say it all about your and op1's fear of me providing FACTS TO THIS BOARD
Have to love the fake 500k order the MM's put in on the bid at 0.0125 to ensure they can sell at a profit for their convert seller. Maybe I am wrong but is sure looks like a spoof to me (meaning fake order)
Here's what a spoof does:
1. Since the convert holder is the largest seller right now, he has little to worry about in terms of that 500k being hit, as he won't sell at that level.
2. By the MM placing that fake order there, anyone wanting shares has to do what? Oh, that's right, bid OVER 0.0125 in order to get shares right? What did my math say the break even was? 0.011 right? hmm smells like someone is trying to ensure a profit!
3. So in effect, they create a floor for their shares. If no one bids over 0.0125 they won't sell the shares and they simply adjust their ask to ensure they don't hit the bid of 0.0125 that they themselves put in!
4. Retail buyers who don't understand this, bid up as they did today and chase the stock.
Folks, there is no catalyst here for months, this could go to zero and you have a seller trying to get off millions of shares without serious buy volume to take it out. It's a buyers market and people were chasing this stock today for no reason.
By upping your bids you are simply transferring your wealth to this seller.
My view on what's going on. I will buy more under 0.01. If they want to transfer their risk to me, well take a discount....that's how the market should work. Think about things people.
Perhaps I am wrong but given my analysis prior, I don't believe I am.
Yahoo shows the same volume, interesting. Well a great day for anyone who bought at 0.11.
There are many longs in this stock who bought at significantly higher levels and as I have stated, this will likely come off if there are the material amount of shares from that convert left to sell off (which makes sense from my math).
Not sure what brought you into this stock other than the volume yesterday but there could be alot of penny flippers in here driving today's gains.
Those flippers selling, coupled with the converts could lead this right back down.
Would this qualify as part of the issue you posted? Manipulation right?
https://www.sec.gov/answers/pumpdump.htm
"Pump-and-Dumps" and Market Manipulations
“Pump-and-dump” schemes involve the touting of a company’s stock (typically small, so-called “microcap” companies) through false and misleading statements to the marketplace.
ie would that mean things like "the convert is done when it isn't, or rumor of a settlement" ????
These false claims could be made on social media such as Facebook and Twitter, as well as on bulletin boards and chat rooms.
ie would that mean places like ihub???
Pump-and-dump schemes often occur on the Internet where it is common to see messages posted, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have “inside” information about an impending development or to use an “infallible” combination of economic and stock market data to pick stocks.
Would this be like a 'source' telling someone the convert is out completely, when the conversion date hasn't even occurred yet and the seller is about to sell en masse the next week???
In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is “pumped” up by the buying frenzy they create. Once these fraudsters “dump” their shares and stop hyping the stock, the price typically falls, and investors lose their money.
ie would that mean helping a MM get the price up so the seller of the convert can get more money for their shares?
I think this would all qualify would it not as part of what you posted? Just wanted to clarify if I'm understanding it right?
Thanks in advance!
1.5 mil shares so far today, my 'guesstimate' based on the filings suggests there is still a material amount of shares to be sold by our convert holder.
If my math is correct there should still be downward pressure. My math yest/today suggested 8-11 million shares to be sold still. Could that be wrong sure but it's logical.
The question would be has the company reached its 150k limit and will we have to wait until after more shares are authorized to see the final big dump? Possibly.
Personally, I am not adding at these prices, as I see this still coming back down given the shares my math (right or not) tells me are still to come out.
Read my previous post - you were 100% correct here
Seems our MM's have suckered some people into chasing today...just setting them up for another dump of shares for their client (convert holder)
IMHO
Long term - my view on your questions (and simply my opinion).
1. The 'conversion dates' are set. The pricing would be based off those dates not when the 'physical conversion' actually happens. It works similar to an option exercise date (typically). As we've seen as well, in the past there has been volume restrictions on sales and their could be pricing restrictions as well, none of us know this in detail because we haven't seen the convert indentures.
2. I have no idea when the convert holder will stop selling, but given how they seem to have dumped thus far, they seem to be exiting the position vs holding. I had mentioned in the past that often convert holders actually hold the equity vs dumping for a number of reasons:
A) They believe the equity will be worth more
B) If they dump in a stock such as this they can kill their own returns - explained this is my pasts posts, please read through them. Starting here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122649281 - Clearly some of the numbers are 'off' given we know now that there is 370k of converts outstanding but it gives you an idea on how the seller can kill their own returns
That being said, it seems the convert holder doesn't want the risk of the PTAB killing the patents (at least from what we've seen over the last few weeks), so my guess is they don't stop selling until they are out completely.
Yes seems to be a big variance even in the first few days. Where does that program source the volume data from? Yahoo and Google are usually pretty good.
And more importantly, that affects the view on how much of the convert may still have to come out / downward pressure on the stock
According to Yahoo
Some facts for all investors so they can be aware of the reality of what is occurring with this stock and on this board.
1. Why the converts being “done” (ie the convert holder has finished selling) or not matters is because material dilution and selling clearly affects a stock price and is an important factor to consider if buying or adding more etc.
2. Last week, I stated that I believed that the convert holder had a great deal of stock left (to sell or hold) and made a number of comments related to this.
a. Perhaps the convert holder would hold – this was clearly not the case but it does happen quite regularly, it really depends on the holder and the company etc
b. When we started seeing a great deal of volume I mentioned that in my view the convert holder was selling. I was told that I was incorrect, and repeatedly told by someone who said he spoke with the Market Maker selling that the converts were ‘done’.
3. I then quickly read the filings and suggested again, that based on my read of the annual report that the converts had not been sold off and that they were converting on April 30th and May 8th, 2016 (or thereabouts – the conversion dates, check the dates but close enough) and that as such there was still a great deal of dilution to come. I also mentioned the point in the PROXY (NOT QUARTERLY - SO IT IS NOT BOILERPLATE) as to why the company is asking for additional share authorization. It was stated:
I got this from the second quarter report? Really? So according to you the company stated this in their Q2 2015 report?
My numbers are slightly different, just pulled them off Yahoo finance so perhaps wrong but here's that data
Date Volume Adj Close
5/16/2016 8164800 0.01
5/13/2016 483500 0.01
5/12/2016 1192400 0.01
5/11/2016 298000 0.01
5/10/2016 397000 0.01
5/9/2016 314500 0.01
5/6/2016 1381700 0.02
5/5/2016 223000 0.01
5/4/2016 290200 0.02
5/3/2016 705100 0.02
5/2/2016 166300 0.02
4/29/2016 922300 0.02
4/28/2016 1319700 0.02
4/27/2016 623900 0.02
4/26/2016 1035200 0.02
4/25/2016 947200 0.02
4/22/2016 453300 0.02
4/21/2016 687400 0.02
4/20/2016 526300 0.02
4/19/2016 648900 0.02
4/18/2016 524100 0.02
4/15/2016 628300 0.02
4/14/2016 538900 0.02
4/13/2016 329500 0.02
4/12/2016 164700 0.03
4/11/2016 332500 0.03
4/8/2016 374500 0.02
4/7/2016 103000 0.02
4/6/2016 20000 0.02
4/5/2016 149000 0.02
4/4/2016 132700 0.02
4/1/2016 243100 0.02
Total 24,321,000.00
In today’s 10Q – THE COMPANY STATED IN THEIR PUBLIC FILINGS in NOTE 5 THE FOLLOWING:
Thanks for the clarification, I see it now. Always challenging to read through financials on a phone!
$280k dollar value not shares (according to flyersdh opinion)...so convert that dollar value to shares by taking
$280k / 0.015 = about 18 mil shares at least
And I don't think many here have any disagreement on WDDD's validity issues post reading their documents, the issue is, and clearly the market feels, that the PTAB is simply an executioner for big tech cos. That what matters is little about law, about reality and just, but rather, the PTAB is simply a weapon for the corrupt system.
That's why this is a pure gamble- we are betting that the corrupt will not have enough wiggle room to act corrupt- which is a big gamble.
It's really quite funny to watch how those managing the sale of all these shares are gaming the stock - example.
1. A few minutes ago there was 220k on the bid at .01 and the ask very little (10k) at .011 - neither moved
2. This was all a fake to get anyone wanting to buy to bid over that .01 bid (to bid up)
3. Then a 167k shows up at .011 and simultaneously the 220k bid disappears. LOL...
Clearly a fake bid to get a buyer to jump over that 0.01 bid and help take out the 167k for a small profit for our seller!
:)
As I am aware those involved are watching and participating in this board, my offer stands! 3 mil shares will be happily purchased for 0.001 please!
Oh look someone took it out! 3.4 mil shares traded today!
I would be happy to be incorrect and there only be 200k left. That is still sizable but certainly not as bad as my initial quick reads.
Thankfully, it seems my numbers were off at least down to the 370k which is a material difference.
Just corrected that point (read the dates wrong). That occurred at the start of 2015 not 2016....my error.
Stand corrected on the 8 mil - I read Jan 2016 but it was Jan 2015 (must be on drugs at the moment)....ignore that post.
So the 8 mil is likely financing for the IPR....as I originally thought.