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You can see that float isn't that big here.
The issue is a lack of a cohesive story.
Doesn't help when a flipper has sold out and is talking a stock down.
It still could get interesting with a couple of elements.
Worried about that the drunk guy as he isn't crying wolf.
Must have already got back in.
Interesting action.
Still no clear narrative being told as of now.
What do you make of the trading, just a one day move or preparation for something bigger?
Most of the transactions were at 12s and lower?
It was just some weird pump ....
Not even clear why it moved.
Seems like the lights were turned on but no one was home.
Effective way to unload shares?
200 Million in volume and nothing being said besides some guy saying he is short from triple 3s.
Not even a story attempt going on.
Maybe that means it is good?
(Sarcastic)
Such a weird board in which those who have been here are talking in some sort of cryptic language.
LOL.
This company claims to be making $20 Million a year?
If you want decent prices, you got to get some sort of narrative so new people can see something ....
The one that has not posted since the 18th.
Mod jumped off the plane after prepping the rest for lift off.
Always fun times when the crew disappears and everyone else is running around.
The volume bar even popped up just after their farewell - where they tell you everything will be fine.
I guess that's one way to exit.
As per basic disclosure statement filed it is 1,708,562,904
The poor formatting of the Idaho SOS filing system suggested it.
The fact that no one else mentioned makes me feel they had the same thoughts but may have been hoping to sell shares.
Why do you think someone sold shares at the close?
Seems more like someone expected more of a hit from the earnings ... so they simply made a bigger splash themselves.
Now the filing opens for me:
They are going to have 99 Million Preferred shares.
Doesn't mention a change in the common shares.
I guess they can issue these shares and then do a split with the votes they have.
Pretty hard to see what they will do without that split.
SOS shows old A/S as 10.1 billion and new A/S as 99 million.
A decrease of that much doesn't seem like a positive. It seems like a split.
Good Luck to all.
So this run lasted a day and is done now?
Quite the pulldown premarket.
Took a nibble at $0.77 thinking it might drop a little more, but seems to be that shorts and some buyers are coming in.
Will be interesting if support and shorts push this above $0.90
Price and Volume are telling me that old holders bailed out.
Which means you are dealing with others who bought this low and not really someone who has a far higher cost basis.
Not sure if you are just out here, but the story of some deadline to be holding shares is developing.
Getting savage as they want people to hold for some event.
I don't even know where they are coming up with September 18 other than it is in 5 trading days and hopefully people will hold that long as they exit.
Thanks for providing helpful information on this board.
I am pretty sure that you are correct.
It's easy to think what you own will go higher and some people here do encourage those to hold while they are not.
Doesn't mean much when they will just reload the ask.
Looks like the Touts have disappeared as another seller popped up and they bailed out together.
Buy 1s and start off buying 2s to get eyes on it .... when another obviously big seller shows up, bail at 2 and still make a profit.
Yeah, but could they make 50-100% in a move on the others in the same day?
They may have bailed when other sellers came out in force.
Buy at 1s over last month and some 2s today to set up the frenzy... bail at 2s when some big seller shows up.
They still make a good profit.
Shook or company went current to pay wages?
Liking this pullback to $1.70 from $2.09
I mean that's what the letter says .... maybe you accept $10 now instead of $0.01 in the future?
It says that debt has been forgiven, good sign?
Thursday before Holiday weekend ....
Perhaps just prepping for news next week?
Honestly, I am surprised that it wasn't raided before.
From $3 to $10 in 2 weeks .... is pretty impressive.
It hasn't really happened before here.
It's an odd occurrence at this point because I believe that a lot of dilution has already happened.
That is to say a raid would have worked before the run up, but it never really happened before.
I have some reservations about the news and the stock .... that's the nature of OTC stocks.
All the best if you are holding on while all this is going on.
The whole point of a raid is to exit the short position.
It's not to add on to it.
The purpose of a raid is to cover the position.
So yes, they are going to sleep well.
The part about $0.48 really needs to be corrected and is an error left in from a different conversion price before the reverse split.
This is repeating, but with more links, hopefully you can see?
Here is the recent Prospectus on iHub (from when they issued shares recently):
https://ih.advfn.com/stock-market/NASDAQ/sintx-technologies-SINT/stock-news/82723577/prospectus-filed-pursuant-to-rule-424b5-424b5
May 2018 Public Offering Warrants
On May 14, 2018, we issued 11,370,000 common stock warrants (the “May 2018 Warrants”) in a public offering. The material terms and provisions of the May 2018 Warrants are summarized below. This summary of the May 2018 Warrants is not complete. For the complete terms of the May 2018 Warrants, you should refer to the form of May 2018 Warrant filed as an exhibit to the registration statement of which this prospectus forms a part.
Pursuant to a warrant agency agreement between us and American Stock Transfer & Trust Company, LLC, as warrant agent, the May 2018 Warrants were issued in book-entry form and are represented only by one or more global warrants deposited with the warrant agent, as custodian on behalf of The Depository Trust Company, or DTC, and registered in the name of Cede & Co., a nominee of DTC, or as otherwise directed by DTC.
Exercisability, Exercise Price and Term. The May 2018 Warrants entitle the holder to purchase shares of our common stock at an exercise price equal to $0.48 per share. The May 2018 Warrants were exercisable immediately and expire on the five-year anniversary of the issuance date. The holder of a May 2018 Warrant will not be deemed a holder of our underlying common stock until the May 2018 Warrant is exercised, except as set forth in the May 2018 Warrants.
The exercise price and the number of shares issuable upon exercise of the May 2018 Warrants is subject to appropriate adjustment, similar to that described with respect to the Series B Preferred Stock above, in the event of recapitalization events, stock dividends, stock splits, stock combinations, reclassifications, reorganizations or similar events affecting our common stock. Subject to certain exclusions contained in the May 2018 Warrant, the exercise price is also subject to adjustment in the event that we sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise dispose of or issue (or announce any offer, sale, grant or any option to purchase or other disposition) any common stock or common stock equivalents (as defined in the May 2018 Warrants), at an effective price per share less than the exercise price then in effect (including in the event we issued Series B Preferred Stock at a conversion price lower than the initial conversion price of the Series B Preferred Stock). In addition, May 2018 Warrant holders may be eligible to elect an alternative price in the event we issue certain variable price securities. The May 2018 Warrant holders must pay the exercise price in cash upon exercise of the May 2018 Warrants, unless such May 2018 Warrant holders are utilizing the cashless exercise provision of the May 2018 Warrants, which is only available in certain circumstances such as if the underlying shares are not registered with the SEC pursuant to an effective registration statement.
Fundamental Transactions. In addition, in the event we consummate a merger or consolidation with or into another person or other reorganization event in which our common shares are converted or exchanged for securities, cash or other property, or we sell, lease, license, assign, transfer, convey or otherwise dispose of all or substantially all of our assets or we or another person acquires 50% or more of our outstanding shares of common stock, referred to as a fundamental transaction, then following such event, the holders of the May 2018 Warrants will be entitled to receive upon exercise of the May 2018 Warrants the same kind and amount of securities, cash or property which the holders would have received had they exercised the May 2018 Warrants immediately prior to such fundamental transaction. Any successor to us or surviving entity is required to assume the obligations under the warrants. Notwithstanding the foregoing, in the event of a fundamental transaction, the holders will have the option, which may be exercised within 30 days after the consummation of the fundamental transaction, to require the company or the successor entity purchase the Warrant from the holder by paying to the holder an amount of cash equal to the Black Scholes value of the remaining unexercised portion of the warrant on the date of the consummation of the fundamental transaction. However, if the fundamental transaction is not within the company’s control, including not approved by the company’s Board of Directors, the holder will only be entitled to receive from the company or any successor entity, as of the date of consummation of such fundamental transaction, the same type or form of consideration (and in the same proportion), at the Black Scholes value of the unexercised portion of the May 2018 Warrant, that is being offered and paid to the holders of common stock of the company in connection with the fundamental transaction, whether that consideration be in the form of cash, stock or any combination thereof, or whether the holders of common stock are given the choice to receive from among alternative forms of consideration in connection with the fundamental transaction.
12
Upon the holder’s exercise of a May 2018 Warrant, we will issue the shares of common stock issuable upon exercise of the May 2018 Warrant within two trading days following our receipt of a notice of exercise, provided that payment of the exercise price has been made (unless exercised via the “cashless” exercise provision).
Prior to the exercise of any May 2018 Warrants to purchase common stock, holders of the May 2018 Warrants will not have any of the rights of holders of the common stock purchasable upon exercise, including the right to vote, except as set forth therein.
May 2018 Warrant holders may exercise the May 2018 Warrants only if the issuance of the shares of common stock upon exercise of the May 2018 Warrants is covered by an effective registration statement, or an exemption from registration is available under the Securities Act and the securities laws of the state in which the holder resides. The May 2018 Warrant holders must pay the exercise price in cash upon exercise of the May 2018 Warrants unless there is not an effective registration statement or, if required, there is not an effective state law registration or exemption covering the issuance of the shares underlying the May 2018 Warrants (in which case, the May 2018 Warrants may only be exercised via a “cashless” exercise provision).
Beneficial Ownership Limitation. The May 2018 Warrant provides that we may not effect any exercise of the May 2018 Warrants, with certain exceptions, to the extent that, after giving effect to an attempted exercise, the holder (together with such holder’s affiliates, and any persons acting as a group together with such holder or any of such holder’s affiliates) would beneficially own a number of shares of common stock in excess of 4.99% (or, at the election of the holder, 9.99%) of the shares of our common stock then outstanding after giving effect to such exercise, referred to as the May 2018 Warrant Beneficial Ownership Limitation; provided, however, that upon notice to the Company, the holder may increase or decrease the May 2018 Warrant Beneficial Ownership Limitation, provided that in no event may the May 2018 Warrant Beneficial Ownership Limitation exceed 9.99% and any increase in the May 2018 Warrant Beneficial Ownership Limitation will not be effective until 61 days following notice of such increase from the holder to us.
Cashless Exercise. If a May 2018 Warrant is exercised via the “cashless” exercise provision, the holder will receive the number of shares equal to the quotient obtained by dividing (i) the difference between the VWAP (as determined pursuant to the terms of the May 2018 Warrants) and the exercise price of the May 2018 Warrant multiplied by the number of shares issuable under the May 2018 Warrant if such exercise were by means of a cash exercise by (ii) the VWAP (as determined pursuant to the terms of the May 2018 Warrants).
Jurisdiction and Waiver of Trial by Jury. Other than with respect to suits, actions or proceedings arising under the federal securities laws, the May 2018 Warrant provides for investors to consent to exclusive jurisdiction to courts located in New York, New York and provides for a waiver of the right to a trial by jury. It also provides that disputes are governed by New York law.
What are the details you have regarding these warrants?
Does it take 1 or 30 warrants for 1 share? What is the conversion price?
The issue is that even these base details are not clear to many - including me.
On stocktwits, someone says that you need 30 warrants to get 1 share, I guess that is more in line if the stock did a reverse split, but the warrants did not.
Still see the $0.48 price though in the recent prospectus.
If the $0.48 is true and you need 30 shares ....
If the stock price is $2.00, than the warrants should be valued at $0.05 each
If the stock is $3.00, than the warrants should be valued at $0.084
Not sure on why the warrants wouldn't have been consolidated as well - that's what happens with options ....
Because what's the point of the warrants being repriced to lower if you need even more of them in order to exercise?
You get one benefit on one side, but on the other hand, you lose out.
Typically warrants are exercisable at a fixed price.
But according to the updated prospectus, the public May 2018 warrants have the exercise price changed whenever the company offers shares at a lower price.
I am just saying what the prospectus says.
Of course, it seems too good to be true at this time.
Because current price of $2 less the exercise price of $0.48 is far higher than the $0.02 Friday closing price.