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Imagine if everyone knew......
No notes converted. Call Lorraine and ask her.
This looks more like a vicious seller with no basis
Exactly
There may be some leftover shares that weren't sold by the Stratton boys and there Crew. If they have any, it's probably not a lot left. Also, HWY, I don't think the company will double the outstanding and double the amount of stock in the hands of the sellers and cut the stock price in half right now with a forward split. That reverse split was a long term strategy. They are out raising substantial money and now wouldn't be the time to do that. They do not want to attract liquidity based investors at all. The CEO has made her position firm on that. I expected a few consultant hold outs to hold until they could make the most they could. Wouldn't you with a zero basis? Clean them out and move it up. Do whatever is in the float, is all that will be in the float, and it's not a whole lot. I'm waiting for 2016.
Hopefully the bids will fill in.
BMAK moves up on the Ask, bids dropped away. Looking for a big markup in the spread. Shame.
WW, read the disclosures - seems that all of the small loans were repaid, several convertible notes have already been paid without conversions, and over $200K of debt has been taken off the books on top of that.
And you are very right - for debt, notes, etc...to take stock instead of cash ALWAYS helps a company no matter what anyone else here feels, especially a cash strapped company like this. Also, for a company CEO to take stock instead of cash salary is VERY BULLISH, because it will give that CEO more incentive to make the company more successful. So you are right.
And your point is? Oh, I see it now. Better go read the financials again. You definitely missed that super sleuth. They also retired Coventry, and several other convertible notes as well in 2015 and took another $200K of debt on top of those, off the books as well.
Double Ditto. No sense lining a morons pockets -
It will have to make up 4 years of audited financials. Better off being an acquisition target or its just going private. Eventually, the SEC will revoke the 12G registration, and that will make the company private.
I don't think there will be a forward split any time soon and undo everything they have done to attract real investment capital, and get rid of the crap. You will have to go back and look at the history with former consultants, etc... to see why that was done. Hopefully they will have some plan to improve the market cap besides the PPS and current outstanding, but its doubtful they will put any stock back into the market through a forward split any time soon, but I could be wrong.
IR meeting? I can only guess the company will be attending JP Morgan's Investors Health Convention in California. Thats the big investment show for healthcare companies.
http://www.forbes.com/sites/nicolefisher/2015/01/16/jp-morgan-healthcare-conference-becomes-a-shopping-mall-for-wall-street/
As far as a new product, its always exciting to find out and sometimes she telegraphs that to us, but I can't find anything to point to right now. Guess we will have to wait and see.
MUST READ Hoping its just a reset before the new year. These lower prices will allow some of us, and our friends to accumulate more. (Real shares) How far do you think we have. 75K actual free trading float to start (250,000 less 70% held by insiders and affiliates), maybe 40K actual shares out of that taken already - seems like we are getting close to a fairly sizable turn around soon, I hope. It won't take much, maybe another 35K shares total? Then what..........????????
Remember, we have to be getting close to closing down the float. Just a matter of time and a few more investors and friendly accumulators. Do the math on the float and you decide. Thats my guess, between 30K and 40K shares left. IMHO.
So far everything she said she was going to do has been done, and to those things not yet accomplished, she says are in the works. Its the week between XMAS and New Years. Its the perfect time for MM's to take advantage of a small float and no real buying, yet the stock traded almost 8,000 shares today. Will be interesting to see how many more shares are added to the big short. As of this AM, based on the last several days, its about 32,000 shares. I estimate that as about a third of the real actual float. Today, maybe another 3500 or so were added, and it keeps getting bigger. Cover? Unless actual shareholders are selling, I only see that accounting for a small part of whats actually shorted. Guess we will see.
32,000 SHARES SHORT!!!!!!!! Thats about a third of the real float! This explains A LOT!!!
http://otcshortreport.com/index.php?index=Rxsf&action=view#.VoLtEYszB95
Agreed, look at that short report - that tells me there IS NO STOCK out there!
Well, if you calculate the actual float at around 160K share, AND if we are accumulating (real buyers), its just a meter of tome before these huge swings stop and we have a steady line up. This is the week they will take profits, and that probably the MM's. BMAK cause the early panic and the other 2 followed suit. Its a blip, I agree with FunGuns, we will see how the landscape looks starting on the 4th. Thats all.
Agreed. Guess everyone is away except for us.
I would guess, and agree, a little bit of buying pressure would continue to move this up.
I see it differently. Non-broker MM's play an opposite game than everyone else. They will sell (ask) first, then cover lower later. Already CDEL jumped NITE on the bid, forcing it up .35 when BMAK showed up on the Ask. I am guessing (IMHO) when BMAK acquires enough stock, they will jump whomever is tops on the bid to cover. Thats my understanding how this works anyway, I may be wrong. Unless there is independent buying right now to drive the bid up - which would be a wild card - and then the MM's need to feel the additional squeeze, but thats how they make money trading for their own accounts.
So eventually, yes, I agree with you, but at some point, they will have to cover, like everyone else, and thats hopefully when the bid jumping craze starts. Independent buying would fuel that IMHO.
So Nite can't make cover at higher sales margins. Its called pressure.
RXSF traded $300k last week on a short week over $6.00 a share with a pre reverse share price of .006. That's up over 500% in just over a a month. That management team knows how to restructure companies. Only day traders and flippers are gone and they will be moving up exchanges. No one will look at this company down here unfortunately. A r/s is only a first step for this company. And it has to be a huge reverse. Bring outstanding down to 3m and float below 300k. Then it has a chance. With those revenues it's the only option or you will never see a .20 stock price again. Get out of penny stock land and they have a great chance.
I suggest it does what RXSF has done. A R/S (serious, like 100 for 1 or 200 for 1), cut down its float to under 400K, then the longs do take over. RXSF has gone from (.0060 post split) to $5.00 in a month. You won't have the same liquidity, but with these revenues, it should be able to attract real money (not death spiral OTC money), expand its business and seek another company with a higher profile in a similar situation like (RXSF), and move up exchanges.
I give it one or two more days of scare tactics until their backs are against the walls and will have to start covering. What say you?
I didn't mean as a tax loss. I meant taking gains to pay taxes. Then again, they have to be holding real stock to take gains, so we may be good.
BMAK on the Box.
Its the first trading day after a holiday in the last week of the year, so investors are liquidating this week to pay for taxes they may owe. Lets keep our heads down. 90% buys, MM's playing games, retail still out until after New year.
I disagree. Those 500 and 200 bids are gone, and were only posted as a signal. Then miraculously, everything was raised again, bids and ask. You decide but I think this is more than just legend.
I agree mostly with that, but they are also very short, and these are the games, and codes they use, too tell each other. If the bids jumped their own cover bids, you would see panic buying from them. Thats how it works.
See the code on the BID? NITE at 500 shares (He is REALLY short) and CDEL at 200 (he is very short) LOL.
I am betting that the MM's "thought" there was going to be a stock event that didn't happen for them. This is a pattern over the last 2 months - its so obvious. CDEL and NITE have always seemed to be working with each other, so lets see if they get filled. No one is selling into their bids, so the keep dropping it hoping we panic.
If no selling into the bid, then they will have to buy to cover.
Looks like a behind the scenes pump. Well, after they just took on huge convertible debt spiral funding, what do you expect - post holiday revelations?
LOL, one call to Lorraine, and you'll change your tune.
Unfortunately, there are a LOT of BS'ers in the Cannabis space - I remember talking to her a few months ago about this and she said about 90% she met in that market, everywhere, were FOS. She said she was promised distribution, sales by dispensaries, etc... and nothing materialized. Then there's the other underlying issue. Serious health and medical organizations DO NOT like the cannabis market, whether those systems are run by old men, Wharton MBA's or other persons who think pot should still be illegal. The whole cannabis market is being blown out of proportion by those who want it to succeed. Then there is also the issue that pot can't kill you. Maybe in some very rare instances it can, but for the most part, its not. She is concerned for now anyway, that the company would not be taken seriously if it pushes its Pot-safe publicly. They have it, but its not a propriety. I know the Pot-Safe sound good, and the only way to get safe sales going for cannabis is that if the state legislatures made it a requirement, just like handguns, but when I spoke with Lorraine, she said their focus on the state legislative level is to get the safe required by law when prescribed controlled substances. That seems to be her first priority, and I really can't disagree with that.
Unfortunately if your posts were balanced you would probably garner more respect. It takes real money to make big money. I would assume that Lorraine and her team are in a better position to assess the companies needs. Again, if your posts were balance (which they haven't been in months) more people would listen. Your personal biases skew your assessments. P
Hwy - check out this managements team history. They already produced and sold 10's thousands of a different version of this safe through Branded Master Lock through Costco, as well as 10's of thousands of safes when they were purposed as handgun safes. Now they just focus on healthcare related security.
Good thing no one else agrees with, or will rely on your analysis. Phase I investment level is the most lucrative to those firms. Guess we will wait to see what happens. To keep beating this down is senseless right now.
Not sure where the mental block is in all of this but this company is a development stage company. It's a medical device company that now has initial distribution through CVS of its consumer safe product. The money that will likely be raised is certainly not going to be based off of revenues of that safe no matter how much someone bitches about that or keeps pointing to it. I am sure the institutional lenders that invest in medical device development stage companies have a completely different investment criteria than does say a guy with two or three retail stores. But you can only explain your point and watch the obstinence. Quite entertaining at this point.
I believe such agreements are confidential and not for public disclosure. However, I am sure these agreements were part of the company's audit submissions. I am also guessing that neither Cardinal nor McKesson allow such agreements or its terms to be made public. Probably includes trade secrets ( rates , etc... ) and other information not for public consumption.