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The outstanding shares here is only 76 million. I get that from the filing from just a few days ago. The float most likely is even less but even if if it is the whole amount this stock is very light. It can move hard fast and strong. The chart is set for a big bounce. The share structure is minuscule. All this needed was volume and that started to show up Friday. To be honest I really would be surprised if this doesn't do very well next week.
Oh yea. I know the chart. Add PPO, MACD, ADX with the +DI, Fast stochastic, etc, etc. The chart looks a lot like URBF last week. The daily chart looks great with that fat candle. Almost always see continuation following a fat candle like that. On the 30 min interval chart it is obvious FROT had wave 1 today followed by wave 2 this afternoon. Using fib retrace and the most natural line of support/resistance which is the middle bollinger band/20dma wave 2 should have brought the pps back to about 0025/0026 and look at that. That's exactly what happened. Wave 3 up starting Monday IMO.
They aren't idiots. They just want their money. This is very common behavior on a Friday afternoon. I'm holding and not selling not because I thought Friday afternoon was going to be wonderful. Friday afternoon is playing out as usual. Some people just refuse to hold a penny stock over the weekend. Some just will not do it under any circumstances. It's just the way it is. I'm holding because Monday and Tuesday I believe FROT goes a lot higher from here.
Eh its Friday CJ. Monday and Tuesday this continues its run. Looks just like another one I hit on last week. URBF very similar.
I understand. I think you did great and am happy for you. I was just saying exactly why I think it goes higher over the next couple of days logically and factually. Id say me being wrong is only 20%. I play probabilities so I will hold and play those probabilities. You made great profit. Don't even bother with this place IMO and be happy with your profit and have a great weekend.
This broke the 4 8 and 10 day moving averages. It broke the middle bollinger band/20dma. There is nothing on the chart bearish. Fast stochastic bullish. MACD bullish. Par flip bullish. L2 is thin and friendly. Share structure is minuscule. I congratulate you on your profit and it is your money and taking profit is a great thing. I got in like you probably, around 0014ish average, but from what I am seeing this goes much higher in the coming days. The RSI is not even close to being overcooked. Tons of room to go. Good luck to you, I will stick around for awhile.
Outstanding shares is about 70 million. Come on people do your homework. Look at the very recent 13g and do the easy math and you will know what the outstanding is as of right now. Those issued in the 13g btw are already gone too.
This broke the most major resistance 0027 (20dma). This is getting a multi day run. I know there will be Friday sellers. Who cares. Let them sell. They can't read a chart. Others that can read one will come in.
Yea I know. I did the quick math on that recent 13g the other day and FROT has only 70 million shares outstanding. Micro share structure.
Looks like this is about to go nuts CJ
Alright got some this week. Looks like its ready.
This just started. It is going higher. Volume just started to hit a little bit ago. It will continue tomorrow and grow and feed. The bounce has started. Wave 5 has ended, volume is starting to come in and this is at the beginnings of a very good bounce.
My post yesterday:
"I started to reload shares today. If it dips more then I'll buy more. Wave 2 should be ending soon. Chart looks very bouncy. Almost as bouncy as the first time I loaded up and made some good money. RSI is still in the toilet and ADX still to the extreme. This pulled back exactly like it was supposed to after wave 1."
Sounds like a blast, again thank you for the information.
That was some heavy buying around the closing bell.
Thanks for the info, so the weather wasn't much of a factor then by your accounts. I had read on some small news outlets that the weather was a factor Saturday night and Sunday but also that the weekend was a big success as far as sales. I had read that there were 40,000 campers alone, just campers that were there, campers only made up a percentage of total attendees. Gigantic attendance.
I started to reload shares today. If it dips more then I'll buy more. Wave 2 should be ending soon. Chart looks very bouncy. Almost as bouncy as the first time I loaded up and made some good money. RSI is still in the toilet and ADX still to the extreme. This pulled back exactly like it was supposed to after wave 1.
Tomorrow world was on fire and was having a huge weekend. The weather then got in the way. Last day was partially cancelled except for the campers, the campers alone were 40,000 people. Sales in all like you said were probably up a good amount but they will have to give some refunds. What's the saying. You can plan a pretty picnic but you can't predict the weather.
If I had to guess it will be an excuse to dip the pps some on Monday/Tuesday. Then buyout rumors take over and give the pps a large bounce Wed-Fri.
I was thinking that the back end of the week should be good here. Monday-Tuesday could be dips and possible buying opportunities.
I expect a very good upcoming week here for the following reasons.
1) The chart looks setup for a strong bounce.
2) Tomorrow world is doing very well this weekend and has had some media coverage.
3) Buyout rumors this coming week should be plentiful.
That is incorrect information. The market cap is less now.
Before: 7.5 million shares X $3.00 (on average) = 22.5 million
After: 190 million shares X $.09 = 17.1 million
Math shows clear as day that the market cap has taken a hit. I agree with Dr penny stock though that right now market cap is not going to be a major concern for most that play this stock. If by chance market cap is a factor for some then they will see it is undervalued from what it was before the warrant mess. I would recommend that people need to open their eyes and get in before the next wave because it will come.
Daily chart. Super cycle. Current wave = wave 5. Wave 5 is estimated 2/3rds to 3/4qrtrs complete. Upward correction wave should follow upon completion of impulse wave 5.
Conclusion: Downward pressure might continue for a few more days. Afterwards 3 part bounce should come.
FYI, SFXE as of close Thursday was still on regSHO short circuit breaker list.
Hey OG, what's up. Good to see you. Good board here. I have been here for a couple of weeks. Good posters here.
It filled obviously today. I had sold on Tuesday because I was up enough and wanted to get my investment money out so I could ride free. I was concerned too that the pps would dip back to around the 7 and a half cent range but it wasn't "gap fill" that had me concerned. It was the Elliott wave. I do believe in gap fills but in GBSN's case I think it is BS and I had explained why as you know. At any rate gap fills are psychological. The Elliott wave is as well and the Elliott wave is usually the real force behind why gaps fill and usually within a few days IMO. Also warrant holders that were able to convert to shares before the cut off had shares to liquidate still. Good luck to you and your trades.
That makes 3 of us. I think there are maybe around 50 million shares they have left to liquidate. Of the 100 million maybe they have liquidated half I'm thinking. Before the cut off they were shorting with them, made sense because there wasn't any risk. I doubt they do it now. Now they probably just liquidate.
I went through and did the numbers using the 8Ks and using daily total volume and from Aug 25th through Sep 17th on average 33.75% of volume was dilution.
I do think that the products they have are impressive. Right now the market is trying to figure out fair value for this company and with there still being residue from those warrants it could take some time to figure out what GBSN's value is. I expect the stock to be very volatile with pretty big swings. Lows maybe down to 7 cents and maybe highs as high as 16-18 cents. Eventually I think volatility subsides and the pps settles around 11-15 cents, somewhere in there. Then fundamentals and progress will be looked at and market judgement will be given. Right now though this is getting treated like an OTC company so I think the stock will act like one and have wild swings.
I think probably half of those shares have been liquidated. Volume the last two days is close to 200 million so that would be 25% of volume.
Yea, some talk about 1 dollar and stuff and I kind of shake my head. There would have to be some crazy situation happen for something like that.
I think what you feel as 11 cents being what should be the consolidation level is very fair. I think it is a little on the low end and I think 15 cents is on the top end.
Other then some crazy situation or some sort of mind blowing fundamental change I think somewhere between 11 and 15 cents is a fair trading range IMO.
As always good talking with you.
There is no gap IMO. Only if extended hours is excluded is there a gap. The pre-market on Tuesday was real, it really happened. Actual trades did go through and the pps during the pre-market raised steadily without any gaps. Most charts don't included extended hours so it looks like there is a gap between .079 and .084 but in reality that gap never happened. The trades in pre-market were not phantom, they were real and I believe they count whether or not a particular chart decides to show those pre-market trades or not.
The market cap right now is lower then what it was before the dilution mess.
Lowman made a great post and I agree with him. Also as I see that the company is further ahead now with their plans and things seem to be moving along ok and that perhaps because of the wildness recently those things have not factored in yet but they should. The valuation of the company (market cap) being lower now then before the warrant mess is fundamentally incorrect and that if anything the company's market cap should get a bump up do to the progress of the company. IMVHO I feel the fair and current right now pps of GBSN should be about 15-16 cents (30 million market cap). Good news/approvals should then only increase that.
If you have a chart that uses extended hours, there is no gap. The gap up was because the stock went up a lot in the pre-market on Tuesday before the opening bell. During the pre-market trading on Tuesday there were no gaps. The stock steadily raised without gaps and by 9:30 am eastern time it was already up a lot. If a chart doesn't want to show pre-market and pretend that those trades are not real then fine but the fact is those pre-market trades are real and they count and should be part of the chart. Only by ignoring those pre-market trades on Tuesday and not including them is there a gap to be filled. We agree about gaps but I think we have a difference of opinion on whether the pre-market counts or not.
Either way no big deal to me. I sold at impulse wave 5 and got my investment money out and a very good profit. I bought back 20K shares at 9 cents and are using them as a free ride now to allow this to play out.
Best wishes to you and your trades
You know, every time I post that it is on that regSHO list some poster will reply to me every time and say something pretty stupid. I always just think to myself that if they really don't like GBSN being on that list then just do what they are supposed to do and deliver the shares. Then it would get off the list. I think it is a bunch of BS anyway. Selling an asset that you don't even have possession of. O well, that is how I feel about it.
It depends if the float gets locked up or not. If/when it gets locked up shorts will get squeezed. If the float does not get locked up then it won't happen. I decided to pretend that you are being sincere so that is the answer in the simplest form.
Is that a serious question? Percent matters not how many cents. Look the possibility of a squeeze and one actually happening are two different things. With the set up here the possibility exists and I would say to a much higher percentage possible then what would be typical.
I don't come up with the regSHO threshold list. I don't make it. Regulators do. The bottom line is that list shows stocks where at the clearing house once the trade is to be settled there are enough failures of sellers not delivering on their obligations to deliver shares and so the flag gets triggered and the stock is put on regSHO threshold. If they can't deliver shares then that usually means they have been selling naked. That was risk free before because of all the warrants converting. Warrants can't convert anymore now.
Well we'll find out I guess. Stick around and watch. Sometimes it takes days/weeks/months for shorts to get squeezed but I am saying that the possibility is pretty decent with this setup. I guess it depends on how deep in it they are.
I can't believe this. Still on REGsho list. Here is the link:
http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold
GBSN is still on the REGsho threshold list. There are still failures to deliver. Sellers are still not meeting their obligations to deliver shares by the settlement date. What are they thinking. Absolutely reckless IMO. It made sense before because they had millions of warrants that protected them and could use for cover. Shorting was risk free. The dynamic has totally changed now. They don't have that anymore. Warrants can not be converted anymore. They have lost their protection and yet they still keep going on a 9 cent stock with technical indicators in extreme oversold levels.
I don't do any of that cheer-leading stuff. I really just like to stick to facts but really IMO I don't see how a squeeze isn't at least a decent possibility.
Well if one was worried about the market cap then they will find that GBSN is actually undervalued from what it was before the whole warrant mess started. On average the pps was in the 3 dollar range.
Then $3.00pps X 7.5 million shares = 22.5 million market cap
Now .09pps X 190 million shares = 17.1 million market cap
I agree with poster MMMQA. Right now market cap will not be a huge consideration because the majority are looking to trade and not so much invest. If people are trying to catch a wave and ride it for a bit then they won't be overly busy worried about market cap.
Off of valuation from what GBSN's market cap was before the warrant mess I see no problem at all with people thinking 15 - 18 cents or that range is what GBSN should be at because realistically that market cap at that level would be similar to what GBSN has been at in the past at times.
Personally I'm not going to be very busy caring about market cap though. To me right here and now I put on my OTC glasses for this stock and look at it the same as those. Momo rules them and with no dilution for a 3 month period of time, it is time for this to run. Just like OTC stocks do and in the past I have seen OTC stocks go to absolutely crazy market caps. GBSN maybe a NASDAQ but it's going to act like an OTC for now.
There are no more authorized shares. Remember GBSN's authorized are 200 million. They are maxed out now. PR this morning at 6am:
"In addition, due to certain conversions of Series E Convertible Preferred Stock and exercises of Series C Warrants since our last update on September 18, 2015, the Company now has 190,630,634 issued and outstanding shares of common stock, par value $0.001 per share ("Common Stock"). Accordingly, the Company no longer has sufficient authorized unissued shares of Common Stock to settle the exercises of the Series C Warrants, resulting in an Authorized Share Failure. In light of the Authorized Share Failure, the Company will follow the procedures outlined in its Current Report on Form 8-K filed September 21, 2015. The remaining 9,369,366 shares of Common Stock authorized under the Company's Seventh Amended and Restated Certificate of Incorporation, as amended, were reserved previously to satisfy the exercise of other outstanding securities of the Company, including 466,844 shares of Common Stock to satisfy conversions of the outstanding shares of Series E Convertible Preferred Stock."
They are maxed out. There are no more and according to the company it will stay that way for 90 days as they implement a grace period.
Well I like to use the Eliiot wave. One must keep in mind that it is fractal though, so like a box inside of a box inside of a box inside of a box. What I saw on Monday and Tuesday morning was an upward impulse wave. That is supposed to get followed by a correction wave and it came. At close it looked like GBSN was on wave C of the correction wave which means that a new impulse wave should come. An impulse wave can be up or down.
Since there is no more warrants that can be converted for roughly the next 3 months and since the stock is still so extremely oversold and understanding human nature that profit takers would want to come in (Elliot wave theory). Also understanding the attention this got and the volume. I actually think the new impulse wave that should come will be an upward one and not a downward one. If the new impulse wave is an upward one then 15-18 cents during that wave perhaps.
There is no gap to fill because actually there is no gap. There was constant trading in both the after market yesterday and the pre market today. Many charts will not display that trading but that does not mean that it did not happen. The trading happened and the trading happened without any gaps. I have to hand it to IHUB actually because their chart has it correct and includes extended hours and shows no gaps.
If this were to fall back to that .079 area "to fill the gap" it will not be because there was actually a gap. Maybe enough people thinking that there is one will make the gap that isn't real fill though? I don't know. You are right in what you say about gaps because they fill probably 90% of the time eventually, sometimes it takes weeks or months, but the extended hours of the NASDAQ needs to be included. The OTC has gaps often because there is no extended hours and many times an OTC stock actually has a gap from where it closed one day to where it opened the next. In GBSN's case this did not happen if extended hours is to count and why would it not count because the trades were real.
I followed the Elliot wave and sold on impulse wave 5. I believe the stock before close was in correction wave C and I re-entered there.
I know you know most of this or all of it already. My post was more so intended to give info to some less experienced that my not know some of these things.
They have to get shareholder approval. It isn't something that can be rubber stamped or anything. That is why they have stated they need a 90 day grace period. That is legit because it will take time to go through all the proceedings and such. It could explain in detail but I chose to give the breakdown explanation.
They can't issue shares if there are none to issue. What don't some of you get? For 3 months starting now NO SHARES WILL BE ISSUED.