Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I would be very happy to see things happen sooner but my money is on November.
Huh? The court does not care whether a reverse merger is being discussed, or, for that matter, about what is best for shareholders.
HIs comments related to court procedure and timelines, not to the merits of the case or the merits of WNFT (or lack thereof).
How long he has been posting on this board is irrelevant to whatever knowledge or expertise he has with court procedures.
Who said anything about a LEADING private company?
Given that the quarter being reported ended a month and a half ago, and there was no news before then (or, for that matter, after), why would you expect anything exciting in the Q?
We have been saying "we should hear something soon" for a very long time now.
Or, it could be that they just don't give a shit.
I have been buying LWLG calls all day and am looking to raise funds elsewhere so as to buy more LWLG calls.
I believe the next milestone date is November but don't quote me on that.
13G filed today for GWAV by Arena Investors LP - they now own 9.5% of GWAV. Does anyone know anything about this outfit?
It is against the iHub TOS to be good at math.
A down day like today provides a great opportunity to add call options, as premiums decline on down days.
I add Sep 5 calls at 5.60.
The ask on the January 5 calls is only $6.00, you could probably get them for $5.70 or $5.80 - VERY little time premium. A great opportunity if you belive, as I do, that the dip over the last two days is only temporary. Or you could just pay that $5.80 and hit the ask for the December 5 calls.
EDIT: Just added Dec 5 calls for 5.70 with common at 10.68 - almost no time premium at all.
I think you are correct. That tweet essentially said "back to the drawing board".
Fair enough. Not everyone wants to invest in pre-revenue companies.
This points up the fact that LWLG will become attractive to a whole new class of investors once revenues start to flow.
I would not be surprised by big swings today.
Nope. It just means that no settlement came out of the meeting. You are reading more into the statement then is actually there.
We don’t know if GS was “trying” to get a settlement done. We only know that he showed up.
Any idea why the pop for NEPT today?
Lots of filings for 6/30 were due on 8/15. When those did not all get done many tickets lost their pink current status. These downgrades got posted to OTC Markets early this week.
Well, the value proposition would be that those private businesses will grow and become profitable once given access to public capital markets.
We will have to wait and see to find out if that is true.
Certainly XCPL had nothing else going on.
They are NOT taking the company private. They are doing two separate reverse mergers (essentially acquiring the operations of two distinct private companies for shares in exchange for an ownership position in XCPL, the public company). Presumably the owners of the private company will get convertible preferred stock, or will be issued new common shares. We don't know those numbers yet, but we can be assured the assets do not come into XCPL "for free".
At the end of the day XCPL will still be a public company, essentially with two "divisions" - one being what is now Advanced Research Machines LLC (ARM) and the other being what is now Xerxes Trading LLC (Xerxes).
I have to presume that the reason for this structures is that Centiment Capital, which operates those two entities privately now, has additional operating subsidiaries and/or other assets which are not part of the r/m and which will continued to be operated privately by Centiment after the r/m with XCPL is complete.
I see a couple large trades in the AH session - 87K and 43K shares, respectively. Most of the other AH trades are of the nickel and dime variety.
fwiw - Schwab borrowed my LWLG shares again today after having returned them ate last week.
The settlement hearing has nothing do do with a (potential) incoming candidate. The parties at the table are Calasse and Sharp.
That post did not make any sense to me either.
I think you have it wrong. The settlement conference is confidential so that details of what is or isn't offered and what is or isn't said remain between the parties and the judge
The whole point is to keep from having message board hacks like us second guess whatever conversations do (or do not) occur!
I don't in any way think that confidentiality means that news is imminent.
I wrote naked puts, so if BBIG is less than 1.50 at Friday's close the shares will be assigned to me at $1.50 (unless I rolled those puts out to 8/26).
I am not LONG any puts, I am short the puts.
Right. No details on process, including any offers that may have been put on the table, discussed, and rejected.
Going private?
I also sold some strike 1.50 puts expiring this Friday for .21 and .24
If shares are assigned to me I will write next week's calls against them.
No - I wrote the calls expiring THIS WEEK (August 19)! BBIG August(19th) strike 2 for .50.
Call premiums were insane yesterday.
Thanks for that clarification. That would imply things could stretch beyond November.
I **think** the schedule is November, but I could be wrong and there could be delays.
The form 8-A12B filed on 7/21 indicates that this was conversion of all convertible notes into common stock concurrent with the uplist to NASDAQ.
yes - a lot of repetitive nonsense being posted on both sides
meanwhile, nothing has happened.
On a 2 share trade. Big whoop.
From the theamn.com website on the Contact Us page - I am not impressed by the so-called professionalism. They can't even spell "Today" correctly!
That would be a positive. :)
Unfortunately, we will never get to see WNFT evaluated without the GS drama.
What would you consider to be positive news from the settlement hearing?