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Yeah but you are describing a worst case scenario without even considering the fact that the companies underlying financials and forward growth point to a much much higher price per share, which is why insiders want to own 70% of the float. They love the stock- regardless of these scared little paper handed retailers cutting it red on beer money. This pps is FAKE, I could bump the sp up in a single day two pennies with one limit buy order. You are literally saying they would prefer to throw the baby out with the bathwater so to speak. Rather than spread your glass half empty narrative, consider the basic fundamentals here. Get real man
I have funds clearing Monday and judging from the bid/ask size and the spread- I could literally break down a buy wall clear up to .08 with a limit order. The only thing stopping me is that I am a tad bit over-extended and I would much rather prefer to use profits on my subsequent dip buys. *shrug
Take DPLS for example, over 4 billion outstanding shares and 20 billion, THAT'S RIGHT 20! billion authorized. Financials parallel to that of a lemonade stand being run by an 8 yr old from Kentucky. Closing price today? .175 LMAOOOOOOOOOoooooOOOOOOooooooOOOOOOOooooo. AS I SAID. When insiders own such a large portion of the float the incentive to reverse split is not there. Furthermore like you said, until October 6 the preferred shares are not redeemable and unless they intend to raise the authorized share count further the number of outstanding shares cannot exceed authorized shares per the 14c filing. Correct me if I'm wrong.
First off, the CEO owns 67 million shares already of the float- Paul Tidwell owns 50 mil, so a reverse split would not benefit those two at all as it would reduce their share count dramatically, meaning they would stand to gain less should the market react badly to it.
With the authorized shares being at 800 mil the filing I read earlier stated at no time can the number of outstanding shares exceed that of the authorized shares. So would they need to issue a filing stating the authorized shares will be increased at a later date?
If it goes much lower I will be able to buy over 10% of the public float and thereby qualify for beneficial ownership status. BRANG EM TO ME---CHEAPPPP. bahahaha lmao
Price action feels fake to me. I'm gonna do nothing, cheers and have a great weekend. The sun will shine on you again! - Still holding all my shares and not selling. Will add with profits from other trades I suppose.
Still holding my full position and not selling a single share. Did not add today because I believe lower prices are soon to be available.The window in which we have to add this on weakness is somewhat limited before something happens and the market decides to load this up again. As of now, everyone's pissed off that they aren't creating shareholder value and don't appear to give a flying you know what about the common shareholder. I see this as an opportunity for a massive dip buy. I'll admit I misread the direction we would go based on the hype around their revenue and profit, catalyts etc. With that being said, at some point this will simply become so cheap it will be nearly impossible to dismiss as a good dip buy. That is where I believe we will land, somewhere that seems impossibly low. Therefore I am waiting. Best of luck tomorrow still bullish and adding. Just not immediately.
I will be on the bid today looking for .06's bidding heavy size. Won't be able to comment much as I will be out and about but I wish you all the best entries and the best luck. This company is a good investment and don't let anyone else tell you otherwise. CEO owns over 67% of the float- They will not be looking for any stock bonuses under fair valuation and the Trillium note will be redeemed soon (probably disclosed in the 10-k) Buy when theres blood in the streets!
Optional redemption notice of the Trillium note could be inbound before July 15th, I seriously doubt UNQL is interested in shaking out all the retail buyers from this stock. They have to much going for them to allow something like a toxic note hold them down from going to dollar land.
Any news on the reverse split?
got DAM. I bought this at like .30 ish and sold .60 ish, and proceeded to kick myself when I saw it run to 1.20-------I now feel like.... GOT DAM!! *cringe
They could easily get the share price back up simply by addressing the stocks decline and reiterating upcoming catalysts, however, I would prefer that they didn't employ that strategy as I have seen it can backfire. The best strategy is action, not words. So I view this quiet period as a nice place to load up on weakness. I did load some .073's and .074's today but I only did that for fun. 50,000 shares or so. I can see this going either way so I will hold money aside for the worst case scenario and load the boat. Looking for around 750,000 shares.
and took out the .074's-- Shall I take out the .0769's too? lmao
took out some .073's but only half of them filled. Just playing around with it. My real orders are sitting back on huge size. I'm gonna load this to the hilt on weakness in the coming days.
I have 300,000 more shares to accumulate and since the price action has sell pressure on it yet again I can't slap .07- I may go ahead and slap 100k shares today just for the helluvit. But the other 200k shares I am going to use to average down
I've already been slapping the ask on a different account and accumulated 320k shares on that one to hold long. The reason I'm not slapping it this time is because I have an entirely different account I'm using to load this time for another 300,000 shares. Since it appears the seller does not have any expectation to receive a premium on his sale I will take every single discount he makes available since if I don't someone else will get them. I am loving this cost basis and will bid everything below .07 and also keep powder ready for .05 in case we see it too. At that point I will be done
Going to wait for end of day or shortly after tomorrows open to add. If the ask stays where it is I may have to slap it or else risk missing out entirely on the cheap shares. At any point this could grow legs. To many people buying this hoping to flip it and then getting out for a small loss, whacking the bid. That, coupled together with some light dilution and you've got fire sale prices sure to fill your bid. No reason to slap until this stupidity dissolves.
If he's not I will gladly buy his shares at .068 and .066 and anything under. I'm holding this long- I have 100k up at each bid, respectively. Additional powder if the selling continues and will hold this as long as it takes. I have no reason to believe this company will not be a huge success. Dilution is always there, every company this is nothing new but the companies fundamentals, profit, and growth are still new to market as far as being public goes following the reverse merger.
Soon as I put my bid up they moved the ask to .0702 Got news for ya. I'm not paying the spread until they quit manipulating the price
More cheapies, I'll probably sit on the bid all day in this fake price action and not get filled. All smoke and mirrors but if they try to fake it down to .068 again Ill be getting filled there and at .066- then if they get it lower I will get the .05's also
I'll buy down here some more. Just put bids up at 200k.
Good turnaround investment for sure. Company is going to make waves in the press- Tidal waves
Wtf kind of weird price action, trades all day in the .07's then all a sudden crosses above .08 at close and holds. There must be a HORDE of people shorting this looking for someone to buy back lower from. Won't find your shares from my sell order. I have a good til cancel set at 1.55 for every single one. You could pound this all the way to .0001 and I'll simply buy more.
Honestly the only people worried about today's price action are the same people with paper hands who make the MM job easier to walk it down. Anyone going long here can see this discount is a gift to average down with. I'm not doing it today because I ran out of funds, but if the price action keeps getting walked down yes. I will buy more so I am not at all concerned. The cheaper this is the better my cost will be. Shorts will have to find a cover price and eventually they gonna run out of bid whackers to sell lower to. Maybe it's Trillium maybe it's retail, I don't know and I don't care. Eventually this goes north.
Not selling my shares for someone else to buy them back lower than they borrowed. I'll just let this thing do whatever it needs to do and forget about it awhile. It's all unrealized losses for me anyway. Plenty of time in 2021 for this to grow legs
Almost certainly, but this is a complex reverse merger meaning that alot of people won't understand the growing pains. Having said that, the fact remains that UNQL is a successful high growth company with huge revs and new deals in place. All of the profit to be made here on both sides, investors and UNQL has yet to be fully realized. Many catalysts coming up, I have no problem buying these dips.
Evidently not on the Friday before a holiday weekend though, right? I agree though, there is certainly some pressure on it, and it sucks, but if you are long term that just opens the door to get your cost basis lower, making your position even better for when something happens and this turns bullish permanently
Short sighted bid whackers- got no patience
I will be buying more I have a sell order up on a different position and if that moves I can get this while everyone is still running away.
That's a rough way to open up trading. lol Guess I should buy more.
One thing is for certain, it was oversold on the RSI 14 for wayyyy longer than it should have been. There's a huge gap up to fill.
Twitter has got some buzz around $UNQL right now as a buy and dollar cost average down position with most believing they are undervalued. I believe the sentiment is still bullish in spite of the new shares which were issued Jun 23rd and Jun 24th- Raising capital is nothing to be ashamed of and judging from the twitter posts with screenshots .09 and .08 hold accumulated support and with any luck could be our floor price before heavy volume takes us back up. Obviously not going to get my hopes up but I'm not going to panic sell either. GLTA
This stock deserves some love in my honest opinion. I think most everyone would agree that we should be trading above .12 right now based solely on metrics and dilution.... after that .25 or .30 on news----Maybe we get some panic and dip buy while they get their ducks in a row and sort everything out. But as always, you never know with these things you have to be prepared to dip buy on low liquidity. Either way I like this as a long position, eventually the right ingredients will fall into place and the correction up will begin. Quite frankly I see no other company positioned so well to make a goat run right now at these levels fundamentally. Share structure, dilution and forward guidance look good here.
Should we be worried the AS went up? Last I checked it was at 500 mil now it's 800 mil. Doesn't look good but there is still a ton of bullish sentiment on twitter.
This 8-k is good news if they aren't planning on raising the authorized share count there won't be very many shares left in the near future. The law of supply and demand is easily in play. I have no reason to believe any restricted shares will look for a low bid at the current range. Not when higher bids are almost certainly on the horizon. When people start to realize those restricted shares aren't entering the market they will have to buy the FOMO. For all we know insiders are looking for 1.00 plus before taking profit.
Not selling a single share, this is gonna be a fun ride. I wish I would have loaded those .07's yesterday but oh well I guess! I love this as a long position.
Company is still new, will be a fantastic position over time as we iron out the wrinkles and gain visibility based on the metrics. I am not worried long term. Short term... meh I can either buy more or wait, and then buy more. Makes no difference to me today. By eoy this will be much higher.
4TH OF JULY WEEKEND GOT THE SELLER ON VACAY.
Thank you for correcting my misinformation. I was unaware of the Tidwell deal and merely speculating without fact checking. I'm glad to know he hasn't unloaded any shares yet which is a bullish sentiment. I would like to load more of this to the tune of 200,000 more shares but I am content to wait and see if I am able to retrieve manipulated shares at a discount to today's closing price. I have been in situations like this before and with patience and dollar cost averaging down it always works out. I will look for more cheap shares and simply hold for awhile. If the right people jump on this which I am assuming will happen after selling pressure subsides, it will jump fast and hard. Dollars are not out of the question.