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Larrybaz, regardless of how this experiment turns out, I find it very educational and thanks for following up with it. I think all of us tend to think "if only I did this and this I bet I'd make a ton!" but very often we're only remembering the positive outcomes and discarding the bad ones. It's rare to get to see a realtime experiment with real money.
I did something similar a few years ago when we still had to pay commissions. Had a totally mechanical system that looked great on paper. But when you factor in commissions, slippage, executions that didn't happen even though it looked like they should have on the chart, etc, etc, and it didn't work out nearly as planned. I only used about 20 grand and ended up about flat after all was said and done. So pretty similar.
Congrats on getting over the rona. And go for it! I'm asking around as well and hitting up a few people, so I'm trying also. No luck so far.
I would think the other question regarding the answer you got about the full service broker is . . . is this answer actually true?
I know that's what you were told, and it may indeed work that way. But it may also just have been something they've been coached to tell people. An "answer" that gets you off their phone and onto someone else's.
I know when I filled out my broker paperwork, two of the questions were 1) Are you affiliated with any public company? 2) Are you an insider?
So in a way, the answer they gave you kind of doesn't make sense also, because I know my broker already asked those questions. Seems like they've already got that info.
The other answer I've heard regarding buying CE/Grey etc is that you have to be an institution, not just an individual, because then a much higher level of sophistication is assumed . . . or some such nonsense. That's also the answer I got several years ago when TD Ameritrade started not letting me buy certain stocks. I went looking to all those broker dealers (all the four letter symbols that you see on Level 2) and I must have called 20-25 and they all said we don't deal with individuals, and they couldn't refer me to anyone.
That may all be different now but until someone actually does it and makes some trades and finds out if it's actually real and practical, I still put it in the "rumor" category.
Thank you
haha, you must have posted a second before me because I had the same question
Mind sharing which broker allowed the buy? Or did you have a gtc buy order in before they stopped allowing new buy orders?
Interesting, thanks
Or one of those newfangled electric typewriters.
Re Ameritrade reorg fees. For what it's worth, they've been charging me those for years. So either those were always there and you're just experiencing/noticing them for the first time, OR you've had a much better deal with them than I've had. lol
At any rate, reorg fees have always annoyed me. You're usually already getting killed on the trade, then the company does something that I had nothing to do with . . .and I have to pay fees for the privilege? Ugh
Yep, and it's certainly good that the convertible is out of the way. Just gotta hope they are honest and don't do any more convertibles.
If they do, then they are flat out untrustworthy, imo.
I just didn't think the Q was perfect. Earnings should have been much lower in the Q because of dilution, except they claimed a "technicality":
"In June 2021, the holders, with the exception of the Company’s former senior lender, converted $4.805 million of the convertible
notes. Due to a technicality the underlying common stock was not issued until August 12, 2021."
It's still been very interesting to see the results. I appreciate your efforts on this.
Any thoughts on the large $250m shelf offering?
https://www.sec.gov/Archives/edgar/data/1583648/000119312521237835/d214148ds3.htm
lol, unfortunately no. Was bid sitting and never got hit. Them's the breaks. Have no idea why it chose today to move. But congrats to you!
Thank you, Sir.
Pretty big increase in shares to cover the convertible
hweb, you've followed this longer than I have (this is the old ISNS). Seems to be some decent insider buying lately. Any thoughts on this one?
I agree, and it's nice to see someone with skin in the game willing to put up their own money
Contested Solicitation. Ericksen has apparently submitted their own proxy and nominated their own board members.
https://materials.proxyvote.com/Approved/717133/20210716/NPS_477012.PDF
PCHM Anybody else get the Contested Solicitation? I could read the proxy, but couldn't log in with the control number given
" The Low Price/Low Float Portfolio - Get the same return as a CD but with 10 times the risk!"
That's a pretty darn good one.
Regarding shorting the warrants, I don't know if/how it can be done. But seems very odd that today, which is supposedly expiration day, there's the largest volume we've seen in awhile. I totally understand why people would want to SELL and at least recover something today, but why on earth would anyone be buying? Who are the buyers? Covering a short is about the only thing that makes sense.
The one other possibility I could think of is someone had a GTC stink bid in from a long time ago and has just forgotten about it, and about the expiration terms. I've done that myself a couple times. Just renew my orders and forget something is close to expiration. Never got executed thankfully
Yeah, doesn't make much sense to me. I suppose it could be someone who knows/thinks that there's a PR gonna be issued on Monday and they get a one-day pop up to .01, but that seems like it would be quite a gamble. If on Monday the company says they're extending the warrants, and that bidder gets filled today, somebody might be going to jail
I say now would be a perfect time for them to announce like a $6 billion contract or something. :)
Yeah, it's always tough to know when to liquidate or take profits on some or all. Fwiw, I always think it's best to judge the decision not on the outcome (that's easy becuz now you know the answer), but to go back and look at what information I had at the time and see if I can find any flaws in my logic or reasoning. If the logic and reasoning were reasonable, then one just has to accept that things don't always work out.
They raised money at $12, seemed very upbeat about the future, many things seemed in the works, the stock could just as easily be sitting at $25 per share right now and you'd be patting yourself on the back for sticking with it. It's not like there were any huge, tell-tale signs.
And I'm pretty objective on this one because I have no position so no rooting interest. I owned it from around 7 and sold at around 10 on the way up and then it got away from me. But I was looking to re-enter and the story seemed very good until the lackluster earnings came in . . . and the lowered optimism. And then it just didn't make sense. I don't understand what happened.
Oh, I see what you're saying now. I thought you were saying no more Caveat Emptor.
By the way, do you (or any other posters) know of brokers still allowing the purchase of CE stocks?
I'm not seeing that. Can you provide a link please?
Big bids all of a sudden
Yeah, I've been surprised that there hasn't been at least a little more good news. Tough to tell if it's just delayed or they were just overly promotional. I mean, they raised money at $12 per share. Those investors probably not terribly happy
SEAC - Notice they put out a PR today. They seem to announce the same thing every few months (Wonderful new cloud-based streaming technology!) and the market seems less and less interested each time. Lots of touting, little change in the results. That's a great way to get investors to ignore you.
Still rooting for you
Etrade, yeah, Morgan Stanley has just ruined them. This problem has been like 3 weeks now and they're in no rush to fix. It's like Etrade is just accepting being permanently broken as a company and a platform.
I think the best hope is that Morg Stan decides it wasn't a good fit for them and Etrade gets bought back by somebody in their management team or something.
Etrade - Alerts and New Highs/Lows have not been working for me for 15 days now
Yep, you made what you thought was the best decision with the information you had at the time. No shame in that.
I'll give you one worse. Once I was waiting for an event just like you were with LMB, it didn't work out, and I sold the warrants for pennies to recover what I could. Then like 4 days later the company announced the biggest contract in their history and the stock ramped for 2 days. Warrants would have been well in the money. Felt like I lost twice. lol
Hang in there.
Yeah, bummer. I been there, know the feeling.
Thank you, KiK
SIGL Yeah gross and net margin seem incredibly high. Great if true, but if KiK could help explain would be great
ADIWW that's a nice one. L2 tells me you could flip for 6x right now. Nice
I'm wishing you luck on the warrants, my man. I've been in your exact situation before. Been both a winner and a loser. Had a price target in mind, didn't quite get there but hangin on till expiration for an event. It's a tough call as to when to sell, do I take partial?, etc. Just wanted to with you luck with it if your still in it because I know what it's like.
Etrade been screwed up for days no for me, wondering if others are experiencing the same. Alerts not working, highs/lows not working, position size doesn't match up with sales that have been made, etc. Contact them and they blame the user. Very frustrating. Morgan Stanley has ruined them
p F-19 here:
On September 11, 2020 Platinum sold 152,284 ordinary shares to an investor for $750,000 cash.
https://www.otcmarkets.com/filing/html?id=14876645&guid=ehFpUnRCUJk3Kth