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I am wondering if we will see renewed interest, and a pickup in volume, beginning on Tuesday when summer is over. The flip side of "sell in May and walk away" is that there often is buying in depressed names beginning right after Labor Day.
There's a reason there are a lot of conferences going on in September. They get better attendance than in August, and more of the attendees are actually looking to move money in the near term.
I would be more excited if the volume was higher.
With what? They don't have a lot of cash on the balance sheet, and need to conserve it given the decline in revenues.
What do you mean by that?
Promises, promises. Until they do the spinoff and we actually see the how the market values the new shares, the market is going to doubt they are really going to be worth as much as HNRC claims. Given that their valuation claim is so outlandish, this doubt spills over and colors the reaction to everything else the company is saying.
Bottom line is that we can't trade them without hassle and expense. I put a call in to IR yesterday early morning but did not receive a response as yet.
They don't. You have to work through your broker and VStock (the transfer agent - your broker has to send the C shares to CStock, Vstock has to carve off a certificate for the ones you can now sell (25%) and send that back to the broker. VStock will charge a fee of around $80 to $120. From my conversation with someone at VSTock yesterday the amount was not clear (I think it was Schwab that was going to charge me $80, and then VStock $120 - not sure. I know it was "per transaction" and not tied to the number of shares involved.
Actually, I think it is more complicated as Schwab has what is called a "jumbo certificate" for all shares held there.
Eventually I tuned out as it became clear that the fees involved were not worth it for my small holing. Although I hold a lot of ALPP (for me), much of it was acquired after the record date for the C shares and I only have 1000 C shares, of which 250 are now eligibile for conversion to common. I will probably just wait another 3 years and convert all at once since the fee for 1000 shares is the same as for 250. Perhaps in the interim ALPP will find a more shareholder-friendly way of handling this.
Given that it will cost me more than my shares are worth to convert them, I am not going to pursue this any further and won't be putting any more energy into it except trying to talk to IR to express my ffrustration about how cumbersome and expensive this is for small shareholders.
Who says he needs to be alive to file?
An ASKH filing might be a sign of the zombie apocalypse in more ways than one...
Index funds don't do research. They buy the stocks in the index in proportion to how much of the index's value each stock represents. It's simple math.
I read that a little differently. I think he shared everything that was already public and held back anything that was speculative.
The DTC Participant number for Schwab is 0164 per their rep. They also said that there were fees involved but this was not clear. I am going to call VStock to see if they can provide clarity.
I would not count on the process being completed by Tuesday. I suspect it could take a couple weeks. If I find out anything more specific I will let you know.
What a pain! Presumably Schwab will charge me to this, and there may be another charge to get the common shares BACK into Schwab where I could then sell them.
EDIT: If I can find out the "DTC participant number" for Schwab I will post it. Ditto any info about fees involved.
EDIT 2: I know it is early, but you would think it would be possible to leave a voicemail on ALPP's main number. Nope.
put me down for "soon"
I understand all that, as that is the primary reason DTC exists in the first place - to save all parties the hassles associated with physical certificate transfer.
However, while I have not done so, I can think of a couple reasons why "a regular shareholder" might request getting their shares in certificate form. It would certainly eliminate the possibility of those shares being loaned out to shorts, and it would allow that certificate to be used as collateral for some other kind of loan or purchase. A parent might want to split a position among multiple children, etc. Finally, there are people who just prefer having their cash (and stock certificates) under their mattress than help by any institution.
I agree it is a pain, but I was simply indicating that a reduction in the amount of shares at DTC need not be due to correcting an error.
The simplest explanation is that one or more shareholders requested that they get physical certificates. That would reduce the holdings at DTC without changing the o/s or the float.
So is winter...
Spirit typically up-charges for EVERYTHING. Almost nothing beyond the seat itself is included in the base ticket price. I am not surprised there was a lot of debit card activity.
Yes, water from air is already possible.
It’s called RAIN. ??
It’s a Non Fluffable Token
Great! Keep us posted on how those discussions go.
Your point applies to CASH dividends. Stock dividends are not income.
I don't think there is manipulation going on with LWLG. Pre-revenue companies don't have earnings to stabilize and support the stock price.
Stock dividends are just mini stock splits where the split ratio is low. As such they do not add or change value. To some extent they provide liquidity as there are more shares in the float.
I don't see stock dividends as particularly valuable.
Refresh my memory please - what was "the case against Grizzly"? TIA
Yes - I participated in the IPTK presentation yester (Ron - I am Joe from the break out session).
I found it interesting. First, let me give a brief overview of the format. For starters, it should be understood that this was not a one-way "webinar", but rather a ZOOM call in which all participants were visible to the others (I had my video off) and where all participants could ask questions (in the breakout sessions). After some intros and some plugs for the sponsoring groups (a Washington based group that sponsors these kind of forums to connect emerging companies with private angel investors and angel investment VC firms), the spokesman for each of the 9 companies was introduced in turn and had 4 minutes to give their pitch. This consisted of a one-way presentation (no questions yet) where the presenter used a short Powerpoint deck to outline what the company was all about, the opportunity, their numbers and projections, and the investment they were looking for at this stage. In some ways this was reminiscent of entrepreneurs giving their initial pitch on "Shark Tank", although the companies presenting were more advanced and were asking for more money (there were no negotiations or offers during the session).
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After each 3 presentations, they popped up a survey where you could ask to be contacted with more information about any/all of those three companies if you wanted it. I am not experienced as an "angel investor", but to my ears almost all of the presenting companies sounded intriguing. I have certainly bought into many otc stocks with less potential. I requested more info on 7 of the 9 companies, with the other two looking like they were possible money makers but were addressing markets that just were not a fit for me. Unless I missed something INTK was the only company presenting that was already public. I don't know if, other things equal, this led to more or less interest from attendees in IPTK than in other companies. It certainly meant that IPTK's funding request was structured differently than most of the others because it necessarily had to be related to the current value or IPTK shares in a public market.
After all 9 presentations were complete, each company hosted its own breakout room, and each of the investors on the call could enter that room (essentially, a ZOOM chat) and interact with the company rep(s), asking questions. The companies could provide additional information or color beyond what was included in the original 4 minute pitch.
I joined the IPTK breakout room. There were 10-12 people in this at any given time. I don't know how many total attendees there were, so I don't know if IPTK had more or less than other breakout rooms (I got one of the "free" slots given to the first 100 who signed up, so the total may have been more than 100, as they seemed tob prepared for this). The 10-12 people include Ron and Barry Chapman of IPTK, and Bill Middleton (did not catch his company). Bill was obviously very familiar with IPTK and "soft tossed" some questions to Ron to allow him to cover points of interest and other advantages of the technology that did not make it into the 4 minute overview. I don't know how familiar the others in the room were with IPTK or whether they were already known to Ron and IPTK mgt., so I don't know how many "new ears" the presentation reached. The tone of some of the questions suggested that some of the attendees were less familiar with the technology and company than I was (which is a good thing - the whole point of this was to reach and engage with such investors). In response to these questions Ron was able to differentiate what IPTK offers from "wi fi" and differentiate the costs and value propositions.
Here's the financing that IPTK was asking for (Ron - please confirm that I have this right). They are looking for a $5MM convertible note at 12 cents per share. The note would pay 7.5%, and there would be a "1 for 5" warrant attached. In other words, for each 5 shares purchased (60 cents) you would get one warrant (theoretically worth 12 cents) . We did not get into the fine print items like term of the note, warrant expiry date, or any call provisions related to the convertible preferred or warrants. Presumably the underlying stok would be restricted but that was another detail we did not explore in this forum. They are looking for investors to put in a minimum of $100K each. We also did not discuss whether some portion of this offering had already been spoken for. Maybe Ron can add some color regarding the intended use of the prospective funds.
As I said, I don't have experience with this type of offering, but it seems in line with what I would expect from a company like IPTK at this stage. Any big investor who really likes IPTK would go for this offering as opposed to buying IPTK in the open market. .12/share is above market, but they would get the 7.5% interest and the warrant kicker. Additionally, $100K at .12 is about 833K shares. With average daily volume around 6300 shares, there is absolutely no way anyone could buy 833K shares without substantially moving the market, even if there were not 50 other $100K buys!) I would assume that the market price of IPTK will not move substantially until this offering has been closed. Ron - feel free to correct me and add detail.
Hope this helps.
One final thought. Ron - I checked in the cushions of my couch and came up a little short of a hundred grand. If I had it, I would certainly invest.
Thanks for the summary. Somehow I had my wires crossed and thought the conference call was TODAY, not YESTERDAY.
I'd love to see it but won't hold my breath. I will believe it when I see it.
Imho they have no chance at all of doing a RegA at any reasonable price.
It would drop the stock in the short term. The flip side of that is that it really does not impact the value of the company long term (whatever that is - I don't know) and might create a buying opportunity.
IR for many companies will say there is news in the pipeline.
If there wasn't, IR would be out of a job.
I'm bored too, but not bored enough to care about the Cowboys :)
There will be cash flow to the balance sheet but the revenue has already been recorded.
The transaction will be to debit A/R and credit cash on the balance sheet - collecting a receivable does not hit the income statement.
There is NEVER a hard date by which shorts need to cover, on this or any other stock.
I added some trading shares this morning. Still have my core hold shares.
Breakout boards is meaningless, especially with the high number of posts that actually come from bots (both bull and bear).
To me, "co CEOs" is a big red flag. Especially when they are at odds with each other!
Now we have THREE CEOs!
AMMX has put out a string of these PRs related to orders, but none really ever moves the needle. They are evidence that the company IS selling products, but none of them really stands out.
Your yellow text may have seemed like a good idea but it is unreadable.
Thanks! I will attend and am looking forward to both the presentation and seeing how it is received by others not already familiar with the IPTK story and technology.