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Everything in this post assumes, incorrectly, that the incoming company is under some sort of obligation to adhere to your particular timetable for the dissemination of information. Obviously, they are not.
You're confusing two very different realities. As far as we know, the merger itself is proceeding by the book and exactly according to plan. What you are focusing on is the way in which some individuals have chosen to communicate about the merger. Yes, that has been a bit haphazard. However, I have no doubt that the people who are actually carrying out the transaction could not care less about anything being communicated here. Official documents and news releases will occur when they occur.
What you state here is often true of the way these OTC stocks move and it may well wind up being the case here. However, if the merger news is a genuine game-changer, meaning the merging company is just that big, then we will see a smaller lead-up run followed by a much larger one.
Projections of the PPS exceeding $2.00 are in line with speculation that the incoming company is quite significant and international in scope. I am more than willing to hold my shares long enough to see who it is.
As long as it happens. Waiting a few weeks is perfectly fine with me, though everyone may not feel the same way.
The phrase "Should hit anytime" is just another way of saying "We have no idea when they will hit." The original timetable for filings that was reported is obviously irrelevant at this point.
I'm holding on to a few shares, but I tend to agree with you. I believe those who have communicated with some posters here were given overly optimistic timelines regarding how fast this merger was going to be completed. It's not a simple process. I believe there could be news this month. We shall see.
I suspect the primary problem here is that people were given an inaccurate time frame regarding how fast this merger was going to be completed. I believe this applies to the person who facilitated the merger as well as the company's long-time owners. They very likely thought everything would be completed in October. However, and as we all know, there can be delays in processes like this. I believe a merger is likely in process and that we could hear something this month, but we may not.
Any kind of positive news can send this up 1,000% from current levels in very short order.
When you say "answering phones," whose phones are you talking about? Thanks in advance.
That's someone with significant financial resources showing a lot of confidence in CLSI.
I don't have as many shares as others here, but I'm holding on to every one I have! I would love to see major news before the end of the month.
This is basically an on or off situation. There is no possible in-between scenario in which the stock price can have any kind of meaningful recovery. If a merger with a significant company has, indeed, taken place and news of this hits, then it will be profitable. If not, nothing good can happen.
All the pieces of the puzzle are definitely in place, I just have my fingers crossed that the incoming company is moving forward in a timely manner.
Thank you!
So, you think things look pretty good for some updates perhaps by the end of October?
Thank you!
I certainly hope your source is correct, stockanimal. We need them.
Okay, thank you. I sure hope we hear something definitive this month!
If my ask, what is the basis for these particular two companies being rumored to be merging into CLSI? I own shares in CLSI and hope the rumors are true, I am just curious. Thanks in advance!
Well, I like that timetable. :)
I am a new shareholder as of today. What do we know at this point regarding the merging company? Thanks in advance.
I was able to take a position in the 25s a little earlier. I just couldn't resist that price with what is going on here. This one looks like a runner.
I want to grab a few shares, but every time I think I see a bottom, it goes lower still. This one is hard to call!
"...riding unicorns on the yellow brick wall..."
I don't think I've seen that movie! :) Sorry, that just made me chuckle. I really do get the gist of you post.
I would love to see some substantial news before the end of the month, or at least no later than early August. We may be stuck in this range until we hear something.
I would love to see the company communicate in significant ways during the month of July. It's time! News regarding the uplist would be ideal, but there are also other ways they can stem this negative tide. A direct rebuttal to the lies being distributed about PRED may not be necessary, but something is definitely needed. We are starving for news here!
I could not agree more and it looks like the bounce has already begun off of the day's low.
You may or may not be correct regarding the impact a rebuttal will have on the share price, nonetheless, any company or organization attacked in this manner must respond. Failure to do so can be too readily interpreted as admission of guilt. It also provides an opportunity for the company to clarify its message to investors and potential investors.
One thing of which we can be certain is that anyone connected with the Nasdaq has seen this type of thing before, and often.
I strongly suspect that damaging the company's chances to uplist is part of the motivation for the attack. I've never seen anything quite like this. This attack is particularly vicious, even by OTC standards.
At the risk of stating the obvious, this stock is ultimately news-driven. If the uplist and subsequent post-uplist news events materialize, then chart analyses, who's currently selling and/or shorting and why, and comments by obscure YouTubers are going to matter very little.
It does make one wonder. The trading pattern today makes precisely zero sense.
I'm trying to have reasonable hopes and anticipate that the uplist might happen by the end of the summer. We shall see what unfolds here.
I just picked up some shares down here in the 3.90s. Now, let's see if that uplist happens in a timely manner. I sure hope so!
If my ask, what is the uplist plan for VRUS and where are they in the process? Thanks in advance!
I watched the video you posted earlier today, which was my first experience with Bird Man. Based on what I saw and heard, is there a particular reason anyone has any confidence in what this man says? His presentation was not impressive.
The upward movement in share price at the end of trading today was on very few shares. This is just the smallest of examples of what can happen when real volume comes back to ELGL. :)
It certainly looks set to run from these levels.