I like to GNR8NRG
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I watched them jockey for position over each other right down to .008 today. (LOL) So I bought 85,000 for their efforts. I was waiting for lower but they were working so hard to trample one another. (LOL)
I got out of BPAX too soon, it became ANIP. I had shares I think just over a buck and 6 bucks after 1 for 6 RS. Saw it the other day over 24 and remembered selling my ROSG before that RS. ROSG was a 'face ripper' and they sold shares two times into it and it still went from 1.50 to 20's I think it was 8 million share and we're a little more than half that.
I no longer 'buy and hold' for years. The past decade has taught me that nothing is 'safe' forever. Though the PPG I got in 1971 sure looks good after the forward splits took 100 shares to 800. Thanks Grandpa. I buy and add 'flippers' as PPS goes down to try and make my first position 'free' then ADHD kicks in and I've got to buy something else. (LOL) I've seen your posts here for over a year and that SUCKS as I've been and currently have gotten stuck in stocks that just keep going down. STTK is the one I'm STTucK in. (LOL) 98% down before it POPPED. Flipped some, but I've still got 5 times more shares than I ever wanted and I keep buying as I don't like giving up.
I'd much rather see a buyout after the PPS runs up for a few months. Usually buyouts are 30-90% of the trading PPS and I think we're worth much more than 4-6 bucks. I'd make money, but I think we'll be above that in a few months without a buyout. I'll take anything over 10 and but I just can't see that from current PPS levels unless it's 5 in cash and 5-15 in stock of buying company.
So no warrants, on our terms and timing, they can't say 'no' (LOL) I don't think peeps know how good of a deal this is, but will find out sometime soon.
"The elements of the new facility include:
-- the company controls the timing and amount of any sales of common stock to Lincoln Park at a known price;
-- Lincoln Park cannot require the company to make sales, but is obligated to make purchases as the company directs in accordance with the terms of the agreement;
-- no upper limit on the price per share that Lincoln Park could be obligated to pay for shares of common stock under the purchase agreement; and
-- no limitations on use of proceeds, financial covenants, restrictions on future financings, rights of first refusal, participation rights, penalties or liquidated damages."
Last one was "Aastrom Biosciences Priced 29M Shares at $0.30/Share, Sees Gross Proceeds $8.7M"
Today were at .18 (3.60 after RS)
" on October 7, 2013. Following the reverse stock split, the company expects to have approximately 4.4 million shares of common stock outstanding.
I hate being in stocks that announce RS's but later after falling...
The reverse stock split is intended to increase the per share trading price of Aastrom's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on NASDAQ and to attract greater institutional ownership of the company's shares."
We need to be over 5 bucks for institutional ownership and that almost 40% from here.
Volume today started on fire and slowed down. (less than 4 mil for whole day with 5.5 the avg)
With 30% SHORT some excellent news would make me
I want a 100-200 million traded day.
LUXD was basically a reporting OTC stock looking to sell to RM
It took over a year so pops and drops
Then the first company we were going to RM with seemed 'fishy' (possible scam)
Luckily the CEO of LUXD found a real RM but the time killed the PPS even though we all could tell it was happening.
Management is why I wish it didn't happen, as the new management used existing shareholders to pay off debt and we got about 1% of the company by the end of the dillution (added shares) we should have gotten 8-10% from the numbers, but the dillution killed us.
Management then wanted a higher PPS and screwed existing shareholders again by doing a 1 for 1200 RS!!! I was up 50+% on my investment and didn't sell as the value looked too low with what I thought we'd be getting % wise.
The RS took us to a buck per share and investors lost confidence. We slowly bled back into pennies and under.
Luckily I doubled down (.0052) the day before we POPPED 2500% during the day (last day of 2012) I took some off the table when we were still holding 1000% gain. .06 and the stock today is just over a penny. It looks like management is dilluting yet again.
So it was a bad experience because of management. I've lost many thousands and took a 17K loss on it last year just selling some before the RS.
I don't know what will happen here. I do expect a 'run' at some point, but I can't see us getting to your 4 dollar average. For me, this is mostly a 'trading play' I'll hold some 'freebies' for a bit if things look good, but BK play rarely work out well. I remember an airline recently did very well but they are few and far between.
I'm a risk taker.
My WaMu loss was about 1,000 but after BK I put in another 55,000 and watched it POP to well over 300,000K and took no profits off the table. One day listening to court I saw it go down 110,000 in a matter of seconds. I sold later when it went up and made 20K but I learned to take profits when they are there as things go up and down. SVNTQ has gone down more than any other biotech stock and yet we don't know if shares will be wiped out or not?!? Worth a 700 risk for me, 100,000 shares, I'm so sorry you've got a 92,000K loss here. (only stock I held that many years was PPG, bought for me at birth by my grandpa and sold at 18)
I look at posters when I'm looking to invest and some of the posts here made me want to be in this one...
"ilenes " is a poster I remember from the WaMu days from court
Today looked like a flush, it's a new year (tax loss) and we're low, almost broke 52 week low. I'm expecting us to go up, even if we get news on being wiped out. If we get news of an RM then I'll be holding much longer. It depends on ability to use NOLS. WaMu shares became WMIH and after 2 years from BK they can change ownership, so who knows what could happen. There will be ups and downs. I think stockholders litigation is a good route for pre-BK shareholders, but post-BK like myself won't get anything from that, hence I'm here to trade and 'flip for freebies'
Hope I helped and my biggest losses have educated me the most. I've paid more in taxes than I've put into the market...Learn from the lessons and changed my approach.
A year later and I'm liking my purchase today.
"But if I'm right, Aastrom at $1.17 per share is a heck of a good buy." with a 1 for 20 RS out of the way, it makes the PPS 23.40!!! 8-0
RS's KILL most stocks. ROSG did RS, dipped 50% and then ran from 1.50 to 7 bucks that samw week and peaked in the 20's off of good news. They sold shares two times on the POPS and the stock just kept going up.
ASTM has a deal in place to get money off any POP and it's going to a specific investor, not SHORTS trying to cover. So if we POP and new SHORTS hammer us, I'd expect a week like ICPT had. From 72 to almost 500 and still over 300 today.
If ASTM gets great news, I'd expect to POP and possibly reach the 23.40 PPS or higher.
This stock could be a face ripper and my shares are .18 pre-RS
Our current market cap is just over 15 million and we just got financing for that much to be sold at company's timing. No PPS cap?!? This investor would own more than half the company, so I seriously doubt we'll be selling those shares down here.
Sorry to use your old post, but TIMING is EVERYTHING especially in biotech stocks.
I love BK plays and that dip allowed me to load up...
Sorry to hear about those with higher PPS.
I don't know what will happen and the small amount I've risked is nothing for me to lose.
BK plays I've done well in
WaMu shareholders survived (traded and held some to the end)
LEHMAN (traded pops and drops)
Tronox (shareholders survived with warrants that went up close to 2 bucks. I loaded up in the .10-20 range but I got out .50's wanting to buy other stuff (DUMB)
I know CPTC went through one BK and survived but the 2nd BK seems to have killed it. (I traded it after 1st BK and did well)
VRML went beast mode, I traded post BK
The only RM play I've held was/is LUXD now STTK. Wish I had stayed away from that one. (LOL) I call it being STTucK (LOL)
I was in Kodak and ran to the hills once the sale wasn't what I expected, but made money trading.
Good luck to those who are here.
Quadrupled my position but it's still small. I'm liking the action and think we will be back at 4 and on our way higher very soon.
Interesting volume today. 1.5 million traded in the 1st HOUR!!!
Slowly starting a small position here. I like the financing and have seen big gains after favorable financing. VRML ran from low 1's to 4 bucks and it wasn't even as good of a deal as this is. However, it doesn't mean the PPS doesn't go lower until news arrives. Hence the small starter position to watch.
Short interest is low (3% as of 1/15/14) so covering and going long might be the way it goes and with 4.4 million shares...
Slowly starting a small position here. I like the financing and have seen big gains after favorable financing. VRML ran from low 1's to 4 bucks and it wasn't even as good of a deal as this is. However, it doesn't mean the PPS doesn't go lower until news arrives. Hence the small starter position to watch.
Stock went up 35% in a week and pulls back 12+% all on no news...The 'pump' will come at some point and the 'dump' will probably take us to this level or higher depending on how high it goes before. This stock has a history of movement. Been in and out of it since 2009.
We won't get bought out for a while and shouldn't want to...
Let the PPS rise, 2.50 for 10 days we list on a higher board, get over 5 and funds can purchase. Then get bought out. 2 years is nothing.
HUNG!!! (LOL) Same stocks on Y board. I commented about it being TTNP.
Oh that's nothing.
Management doesn't have a clue and it shows in the PPS.
The TWINS!!! Dinning at the V!!! (LOL)
Thank God I can laugh at myself. This STTocK STTucKs!!! (LOL) =P
I can't seem to find that info, but the posts on Y board have increased today. Usually a good sign.
Insiders selling isn't a good sign, but with it being a new year who knows the reason. Not a good sign for short term.
"Animal House"
I've got my starter position and if the beat down continues, I'll end up buying more in stages to 'flip for freebies'
Biotech stocks are so much fun and this one has a cure for cancer that is APPROVED!!! It's very expensive,(Provenge) hence the 3 year beat down. The current PPS is at pre-approval.
Buy low, sell high...Tuesday's 'top' and current correction would be the opposite of that. Beat down stocks will fall with the overall market but good news can happen at anytime with DNDN. You've got to be in it to win it.
Have a great weekend.
It's called a beat down.
Good morning to you. I've been STTucK for so long it's hard to see positives with what I've witnessed. Until things change, I expect some of the same 'games' as usual.
Bank recovery...My DIMEQ's did well for me as a WaMu shareholder coming out of BK. WMIH shares doing well also as of late.
"Hill and crew younger(er) and greedy IMO." OMO had mentioned the 'greed' factor a while back and many people like to say they own this, make so much, blah, blah blah...
I guess I could say I'm a famous Hollywood Producer, Director and Actor as I've been reconized for projects I've done, but that would be a HUGE lie IMO. (I was a film student and did background)
I'd also be a porn star being I've been on camera doing that too... (LOL)
I think they paid themselves well and don't have a clue on how to produce wealth. It's said that your 1 million is easy to gain and lose...Any money I put into STTK I don't expect to ever see again. I did 'flip' some shares in the .05-.06 range and bought most of them back now. I guess I'm addicted to being STTucK. (LOL)
Asher, Hill, QS...
About sums it up.
Might not be over. I'm holding 'freebies' for either direction.
I have no clue about share structure. I had just been flipping here and there over the past year. (hence why I flipped some today) Today, seemed different, as my shares went in seconds at BID & ASK. Still holding about 1/7th of what you told me you had back in the day. I was shooting for 1 mil but funds were located elsewhere. Now with the POP, I doubt I'll add. Just watch and see what happens and sell 1/2 if we get a run like last time. Hell, I might sell them all if we hit .29 tomorrow. (LOL) I wasn't sure if you'd gotten back in or had been watching.
Bitcoin was something a friend told me about over a year ago. Basically to replace the dollar in some circles. BOOM recently tells me I should have acted on that info. (LOL)
Long time no see.
http://www.reuters.com/article/2014/01/08/ctca-trial-cancer-idUSnPnDChVKwJ+16d+PRN20140108
On going activity.
Also got back into TTNP.
You'd think I'd be kicking myself after reading the news...
http://www.reuters.com/article/2014/01/08/ctca-trial-cancer-idUSnPnDChVKwJ+16d+PRN20140108
I'm not as I did the best with the knowledge I had at the time. This looks very promising...
Congrats on coach Lovie. I liked the guy and think he's a great fit for the Bucs.
Question about todays post...
So then how did they do this..."Successful completion of non-dilutive $500,000 financing" VERT is in full effect, maybe from before but we shouldn't be this low with todays news.
At least my AVXT EXPLODED today. Riding 'freebies' there and remember a good run into the high .20's years ago.
I 'flipped for freebies' Thank you whoever it is and I'm hoping for another .20-.30 run like a few years ago. As I've got 4 times as many shares now (free too) than I did back then. Or do like my TTNP and POP 1.50 overnight.
I'm up 550% BEAST MODE!!!
Small demand but few shares available... This could EXPLODE or implode. I'm liking the almost 100% POP in the morn with retrace back down and holding just below the close. I'd love to see it just hold with minimal volume for the next week. We will see what happens...I've seen stocks go parabolic bigger and over a longer period of time. Add some SHORTS and ask, "Got Shares" I do, but still red in main account. I'll admit I was tempted to sell the shares I bought the other day, but currently still holding them to keep my average down. Good luck to us and see what games that they play around here. LOTS of 'ADDed' watchers if this goes well.
I'd be sooooo happy with that .96 today. (LOL) Last time I saw that many traders was before RS .004 which would be 4.80 today!!! I actually didn't watch today as I was worried I'd try to flip and see a run after I got out. (LOL) Usually they POP after I sell, not the day after I add.
Nice to see a 1,000% day, even though I'm still deep in the red. No longer down 97%
I wish it was management buying back stock or to see a PR stating shareholders pre RS will be getting warrants, or IR got canned, or.... (LOL)
I bought 55,000 yesterday @ .0052 and I'm not excited about a 200% gain. (LOL) Nice to see but FAR from breaking even.
I'd talk about being STTucK but why bother...
Looks like your team is looking for a new coach/GM?!?
Mike Shanny maybe???
Us Raider fans can't stand Shanarat, but he'd be a good coach for you guys. The GM you cut has a good body of work so I think they want a big name take control coach. Not many out there except for ol Leatherface.
Get a decent QB and things will be looking good. My Raiders are still a couple years away from playoff talk.
Hey at least they aren't STTucK like LUXD shareholders.
This is by far the worse stock I've put money into and hoped for a return. (LOL)
I've made way more on BK'd companies and kind of hope that happens here...Sick of the 'hope' that they will one day get a clue. 14.5 milllion down to 100,000 or so...Way to go Hill.
Todays 2.5 million is some action!!! Downwards to .002 with 1.5 million there at last trade
ANYONE employed with them should take 10% of what they make there and buy shares NOW!!!
They could own the company and work there.
Didn't QS get 16,000 cash on top of the shares?!? That 16K would have been better used by buying back shares!
I couldn't believe my eyes this morning when I saw us 94% down from .02?!? Time to go hostile, I want a shareholders meeting and to see who's got shares! I've got WAYYY toooo many. Do I have to register if I'm holding a specific %?!?
For me, today was the big flush, but my experience with this POS stock is that it will go down and make new lows again. STTK is DOA IMO...
Asher might not, but somebody is selling. New lows for this POS! Down 94% during the day on volume. I will slowly sell this POS off over the next 30 years taking my loss like a man and spreading it out over time.
I can't believe how bad this stock has gone.
Lots of volume today...
New LOWS expected with new money being STTucK!!!
Squid boy was right!
Oh you're here now...SELL!!!
At least you can't go down much further than the 98% down that many of us are...
Goooo get STTucK
And only 1/3 of QS shares were sold. sub penny here we come! UGHHH!
I don't even want to look at my account. (LOL)