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.
Hmmmm. Maybe I’m wrong but I don’t remember it being a holding company before under the description. Of course, it wasn’t an area I paid close attention to so I very well could be wrong.
And like clockwork, our seller at the open is back. 2,500 shares, that $7.50 must’ve been needed for toilet paper.
So are we 5G or a holding company for medical, dental and biotech?
From OTC page:
“ TRDX is a company focused on building a leading holding company for medical, dental and bio tech products and services.”
Good point.
We very well may be on hold until this virus passes.
Someone likely needed the cash to cover losses elsewhere. Crazy times in the market.
I’d only think it meant something if it was followed by large buying pressure. Not really seeing that yet. They will regret selling for $100 when they drop news and that $100 would be worth a lot more. Imho
I’d like to see how many employees they have. Hope they update that soon.
Given multiple entities, I would guess at least silver-multi silver and could go higher depending on the valuations. I’m still holding and know we are very very close to finally knowing.
Likely why they were issued a 1.1 billion share control block?
Give it a little while and it will be downgraded yet again. Rinse and repeat.
While I wasn’t expecting 100 million in volume, I would’ve thought that with the updates last night we would’ve had more volume here today.
Likely. Not able to see Lvl2 at the moment but I think that happened at the open.
I could use a Saint Patrick’s Day gift from TRDX, drop news and let’s see .777!!! Pot o gold!!!
I think we knew this was coming. Ouch.
LAKEWOOD, COLORADO, March 17, 2020 – General Moly, Inc. (General Moly or the “Company”) (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum (“moly”) mineral development company, previously announced that on September 12, 2019, it received a deficiency letter (“Letter”) from the NYSE American stock exchange indicating that pursuant to Section 1003(f)(v) of the NYSE American Company Guide, the Company’s common stock has been selling for a low price per share for a substantial period of time. The Letter stated that the Company must demonstrate an improved share price improvement or effect a reverse stock split of its common stock by no later than March 12, 2020, in order to maintain the listing of the Company’s common stock on the NYSE American.
On March 12, 2020, the Company was advised by the NYSE American that the Company did not cure its price deficiency for both the absolute and average stock prices for the Company to exceed $0.20 by the end of the six-month period on March 12, 2020. The GMO stock price was trading then at $0.16 on an absolute and $0.20 on an average basis.
Given the recent downdraft of the financial markets with COVID-19 concerns as well as a weaker GMO stock price, the Company will seek shareholder approval at its next Annual Meeting of Stockholders in 2020 to affect a reverse stock split to raise its trading price and remedy the NYSE American listing deficiency. The Company has notified the NYSE American of the Company’s Board of Directors’ action to set a record date of April 27, 2020 and schedule the Company’s Annual Meeting of Stockholders in Lakewood, Colorado on June 19, 2020. The Company anticipates mailing its Proxy Statement, inclusive of a proposal to authorize the Board to consider a reverse stock split and Annual Report to stockholders in early May of 2020.
The NYSE American has granted the Company additional time until its 2020 Annual Meeting of Stockholders to implement a reverse stock split.
Chief Executive Officer Bruce D. Hansen commented, “These are challenging times for us all as global citizens in a pandemic. The moly price has weakened in recent days to below $10 per pound but is still above $9 per pound, while our stock price, which was over 20 cents largely through February, has also declined.”
In the interim, the Company's common stock remains listed on the NYSE American, under the trading symbol “GMO”, subject to the Company’s compliance with other continued listing requirements and subject to the trading price remaining above a required $0.06 minimum per share. The NYSE American has added the designation of “.BC” to indicate that the Company is below compliance with the listing standards set forth in the Company Guide. The NYSE American notification of continued listing deficiency does not affect the Company’s business operations or its reporting obligations under the Securities and Exchange Commission regulations. If the Company is unable to regain compliance, or if the stockholders fail to approve the proposed reverse stock split, the NYSE American has indicated it will initiate procedures to suspend and delist the Company’s common stock. Should that occur, the Company will consider alternative listing options.
About General Moly
General Moly is a U.S.-based, molybdenum mineral exploration and development company listed on the NYSE American, recently known as the NYSE MKT and former American Stock Exchange, and the Toronto Stock Exchange under the symbol GMO. The Company’s primary asset, an 80% interest in the Mt. Hope Project located in central Nevada, is considered one of the world’s largest and highest grade molybdenum deposits. Combined with the Company’s wholly-owned Liberty Project, a molybdenum and copper property also located in central Nevada, General Moly’s goal is to become the largest primary molybdenum producer in the world.
Molybdenum is a metallic element used primarily as an alloy agent in steel manufacturing. When added to steel, molybdenum enhances steel strength, resistance to corrosion and extreme temperature performance. In the chemical and petrochemical industries, molybdenum is used in catalysts, especially for cleaner burning fuels by removing sulfur from liquid fuels, and in corrosion inhibitors, high performance lubricants and polymers.
Contact:
Scott Roswell
(303) 928-8591
info@generalmoly.com
Website: www.generalmoly.com
If the statement of “give us six months” is to be believed, well, today marks six months. Interesting they updated all this information on OTC at the 6 month mark. I believe we are on the doorstep, and that door will open any second. I will see what kind of action we have today and I may be a buyer even though I have way more than I need here.
I believe it said it was around 76 million but that was from 2009, so now we have an updated float. Hopefully they are “close.”
The other name was former ceo, Jan Stahl. Even if the float is the new number of 389 million, I think we pretty much have it locked up.
Although unlikely, it would be awesome for news, filings, attorney letter etc all to drop this week. Then, have this run multi penny or even into silver. That way I could tell people I’m killing this market. LOL!!!
So Tuesday will mark 6 months, has LINE said anything about news/filings?
Go away, BAITIN!!!
Seriously, we have gone full Idiocracy. Brawndo anyone?
LOL! There’s plenty of excitement on the big boards and I’ve been there for the last week or so but here it’s a mere whimper. I’m just waiting for the explosion here. It’s coming. And we’re close. Imho
With all the “social distancing” it is a fantastic time for the company to come out with their 5G plans which can speed internet connections.
And gold is down $50/oz as well. This panic is so overblown. Good news is I’m not paying a whole lot of attention here and instead plucking off some stocks on my wish list.
I bought this so long ago and it dropped so much that it didn’t even register on my radar until Lazar took it over and I had to investigate where all the money came from. I did flip it in the beginning to recoup my original loss and even made enough to buy what I’m holding now at an average of .0024, so now I wait. Even if I lose it all, it’s house money.
Or 10 years.
I’ll be there if it can get over and hold 5’s with volume.
So, this month? We’ve been patient and I’m tired of that response. Shit or get off the pot. I just don’t understand why, if they were preparing to become a publicly traded company, they didn’t have a lot of things lined up. I get that if it’s as big as we believe it is with multiple countries that it would take time but they’ve prepared poorly for this and it is frustrating.
Whoops, I was looking at the wrong number. Volume still low. Oh well, wait wait wait and one day we will be shot out of a cannon.
Comparatively, we have some decent volume today.
This is the only stock I’m still green on. LOL.
Probably take the SPDR on the S&P and grab XOP if it hits $8, not much further to go.
My retirement account I am though if I could have some decent runs on the OTC, my timeframe for retirement would be closer. Let’s start with TRDX!!!
I might toss some money into XOP tomorrow as well as some of the airlines and NCLH. We will see if all of those hit my target.
Ouch. Truly can’t believe this was mentioned alongside Apple back in the day.
Not so sure about that. Apple today released number of sales in China dropped by more than 50%. If TRDX is going to be a supplier to apple, now would be a good time to say they are partners and will fill that gap. Of course, if China isn’t buying, wouldn’t matter how much they supply Apple. Still think they’ve waited long enough and it’d be nice to get something even if they are still finalizing some things.
If they want our support then they need to file, release introductory letter and give us reason to support.
Or wash boosac for 20 seconds?
Per quarter.