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If somebody hits the ask with a substantial amount that fake retail wall will get removed.
He has to soon as he will have nothing left, a good volume day today and they are done.
Last nights news was probably the best we have had for a number of months. The end of dilution will bring in a lot of new investors from the sidelines. It also means buying pressure will not be undermined and we should get an incremental price increase.
Those who got .0007's yesterday got lucky, i don,t think we will see them again.
Hopefully Brian can tell us where they came from ???Has to be another of the notes. Thats 10k$ worth at .000275, so maybe its the rest of that note that Brian mentioned earlier.
With this lump it looks like we may see .0006's unless news comes out.
Bid Sitters are walking a tightrope. They could easily miss 7's and have to pay 10's.
Getting very close to been done now.
.0009's starting to go now.
Looks like that was NITE today, they should be almost done.
Uptick .0008 x .0009
Seen that, they printed it twice first before retracting it.
.0008's should be gone very soon, 800k left.
No retail will be selling any serious amount at .0007 as they know they will get more than that next week, with the notes almost done this could be bottom.
Anybody can do it, i've done it in the past on other stocks. Some brokers let you select multiple MM's. So you can create a fake wall.
Its risky if good news comes out and your not watching you can get caught out of position. Several million at .0009 is only a very small amount.
This has been a very easy flip while there was still dilution, once that is over which should be soon that will be harder to judge.
Yesterday was always going to sell off unless it was stellar news. Some posters here raised peoples expectations to much.
Its looks more like it was going through NITE for the past week. Probably a different note.
Filled another 6.1 million @.0008. Lots of dilution so we should be even closer to the end and a real bounce on proper news.
In two weeks this Note hits the market.
Promissory Note #32
On January 1, 2015 the Company entered into a Convertible Promissory Note with Direct Capital in the sum of $300,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on July 1, 2015. Any principal amount not paid by the maturity date bears interest at 22% per annum. The Conversion Price shall mean par .00001 multiplied by the number of Common Stock converted at the time. The transaction was handled as a private sale exempt from registration under Section 4(2) of the Securities Act of 1933. During the three months endedFebruary 28, 2015, the Company accrued $3,814 (three months endedFebruary 28, 2014 - $0) in interest expense.
Promissory Note #33
On January 1, 2015 the Company entered into a Convertible Promissory Note with Direct Capital in the sum of $360,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on July 1, 2015. Any principal amount not paid by the maturity date bears interest at 22% per annum. The Conversion Price shall mean par .00001 multiplied by the number of Common Stock converted at the time. The transaction was handled as a private sale exempt from registration under Section 4(2) of the Securities Act of 1933. During the three months endedFebruary 28, 2015, the Company accrued $4,576 (three months endedFebruary 28, 2014 - $0) in interest expense.
That 11225000 only knocked $3K off the debt @.000275/share, i was hoping to see a lot more dilution while we have a large amount of buyers still here. The company needs to pull out the stops to prevent this going below .0006.
Could see .0006's again as the Note holders Might bring this down for a dip to keep the low conversion rate for the next 30 days.
Also you are going to have people moving on and selling with the underwhelming news as they was no merger or acquisitions announced. Pinky land expect instant gratification.
No, so i wouldn't be getting worried about this selling its expected. It should be done by the end of week. Its better for the CD holders to leave at this level.
so 72 million shares, it will still take a few days. At least they never managed to bring it below .0006 or the conversions would of been higher.
Its 180 millions shares to sell if they have 50K of debt left as they are diluting at .000275. It will probably take a few weeks to work through.
Hopefully the CEO will buy some of them up.
What was the dilution amount, how do you know its ending ?
What conversions are there ? Is there a filing ?
Has this from the 10Q been satisfied yet ?
Source of Liquidity
During the third quarter of 2013, Arrayit Corporation raised $1 million of working capital from a group of accredited investors. The sale and issuance of the securities discussed above were determined to be exempt from registration in reliance on Rule 506(b) of Regulation D.
During the fourth quarter of 2013, Arrayit Corporation raised $1,146,000 of working capital from a group of accredited investors. The sale and issuance of the securities discussed above were determined to be exempt from registration in reliance on Rule 506(b) of Regulation D.
Anybody know the July CD notes terms ?
is it a set fee or do they charge per share ? Thanks
Anybody here use OptionsExpress, are you able to trade LIBE ?
Those notes are converting at .000275 so it does take quite a few shares. At least soon they will have to convert at a higher price so it will take less shares to satisfy the notes.
If it stays above .0007 today it would at least start limiting conversions.
I wish they would dilute and be done with it instead of dragging it on, it is stopping longer term investors looking at this.
.0011 + 71% volume 120 million. Massive day.
Lots of accumulation going on.
This will get alot of attention this evening, could gap in the morning.
Could see .003's with the right news tomorrow.
Flippers caught out badly today. They will come to bash now to try and bring it back down.
He's a large flipper thats blocking, He wants to see it stall here.
Flippers will be in trouble here if VFIN stays away.
Close .0009, not bad after a 66% up day.
Expecting a .0012 close today.
Putting order in @.0005, should get it in next few weeks.