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Wow. A biotech company without revenues?
Come on, how is that a point on a bio?
The reason why you should wait is that there is probably some people who are stuck and will want to sell.
Wouldn't be surprised if it dipped to 1.70s even if it were to run over $2 later in the day.
That's kind of disgusting.
The way it traded before being halted seems to indicate an offering is on tap.
If it went red, you would be correct.
This is healthy for a run and seems like overhang getting taken out.
Get people to sell shares cheap.
Sometimes called an Accumulation block.
Cancel earnings call after releasing earnings ....
That's Bullish?
....
I mean BS.
Another pre sold offering.
50% discount at the time of announcement.
DIRTY.
Go to otcmarkets.com,
Here:
https://www.otcmarkets.com/stock/LIBE/news/story?e&id=1439304
Here is the important part:
"We will continue to make our investor base aware of corporate changes including our proposed reverse split, name change and symbol change as they occur."
No exact ratio at this time though. To be 100% fair, there could be no reverse split as well ... it is just a possibility that the CEO seems open to at this point.
They let it build from 0.0001 to hitting $0.0020 earlier today that's already 1,900% gains from the bottom.
Well, at least it seems the big shock might be gone for now.
Good luck,
The new CEO mentioned it today in today's Press Release.
Plenty of covering go on today. Traded it a couple of times.
Not saying that there is a lot of positives right now, just saying that someone is covering under $13.00
You can probably see they released financials.
Not the best, but an improvement over last year.
Now that more are open to trade let's see how much support there is.
I am more interested at this level then if if the stock had opened flat or up though.
Looks like the raid is over (for now).
Anyone who thought that shorts would admit defeat and buy this up to $4.00 have never dealt with shorts before.
Who do you think was buying while fundamental selling was going on?
Last quarter the book value was $2.90 and they lost $0.80 a share.
Calling for $4 now is irresponsible at best.
Happy for those who held, but let's not act like this saved the company.
Maybe I am just bitter because I was hoping for $1.30s to trade though. LOL.
That was a fun pick up.
Unfortunately, I think the move above $12 was only because of what happened over the weekend.
So a correction to $12ish is fair. Fun, quick scalp from $11.20ish to $11.90ish
Buying and holding before was too risky.
Anyone hoping for more than $12 is also greedy. Congrats to the short raiders who provided an opportunity.
As I said before, the trading appeared to be more of a raid than fundamental selling.
The way this traded was far different than MDR yesterday.
It felt like someone was always there to buy .... whereas in MDR it felt like someone (who knew) was just selling non-stop (almost)
In other words, this felt more like a short raid while MDR felt like someone with inside information was dumping.
As soon as I posted it stalled.
LOL.
Great chart.
Cooled off from the morning highs but that is some damn fine support that was found in the afternoon.
Take a look at Supatcha Resources when you got some time.
Those were the good old days.
$0.01 pump? That was going to $1
Good timing.
Looks like some big selling brought it down.
$2.00 might be a little high for a bounce $1.80s for a tad more than 10% though ... that seems possible.
100k orders ain't scaring this down for now.
Looks better than it was buying above $2
Break above 1.65 (as of now) would be fun.
Hoping we see a good checkmark pattern here.
Can't really convince myself to hold longer than a day with the whole rating debacle. Not saying errors can never happen, but when it gets to the point of the lender going to the rating agency, it just seems very poor.
From his resignation letter:
"On any normal day, my presence is not conducive to strategic discussions regarding our retail business. I believe that going forward my presence will definitely not be conducive to such strategic discussions. And if the hors d’oeuvre that was served recently caused the market such indigestion, it is not going to be in shareholder interest for me to be around if and when any main course is served."
Was this the cryptic way of saying he was going to sell?
Pretty sick that he would do this.
Phase 2 results rarely see the best moves in a stock.
Still have a good amount of time as phase 3 needs to be completed before commercialization.
To be honest, I don't know a lot of the science behind the company ...
But having a high percent of adverse effects seems a little worrisome to me. (It maybe relatively normal for the type of treatment ... it is just an easy spot to poke out for regular people who trade)
Regardless, I am usually trying to make a little bit on volatility ... and not so much via swinging right now.
Seeing those 0.0003s and 4s get picked up today looks good.
Will have to see if the 4s hold and if there is interest in the 5s tomorrow.
Why hold overnight?
I lost a little this morning .... got out just before the last halt somehow and made back more than what I lost.
Feel pretty shaken though.
Actually I feel sick because the company should have released this new either after hours yesterday or early this morning.
Stupid of me to try and catch a bottom on a stock down 20% with "no news".
Seems to have turned a little here. Will have to see if it has enough to start heading to $9.00
Such a headscratching release.
Want to see if the shorts can squeeze it a little lower after the open here.
With the elimination of the dividend (for now) this can't be a good day.
It also demonstrates that if you have enough money, you can get the SEC to do things.
Still remember a stock that should have been delisted immediately that was allowed to trade so some could unwind their positions.
What can you do as small guys but just grin a little and ask for some more.
RE: CIRX
It does seem that they owe quite a bit to YA Global, but have they done the same before?
Have they filed reports for a formerly Grey Market stock in the small hope that they can get it reinstated?
Just seems strange because getting off the grey market isn't an everyday occurrence.
CIRX - Cirtran Corp.
Was taken off the grey market status recently.
Seems like another one was taken off as well.
I kind of wish it was revealed why this happens.
It isn't all that common. (It has been mentioned that there is over $2 million in convertibles on Cirtran.)
I am confused as to why the company seemingly said nothing at all from 2015 to getting revoked in 2017 and then just randomly filing Quarterlies and annual reports.
Regarding LIBE
LG Capital, Power Up Lending and Carebourne Capital are in on the convertible notes.
How long do they let the stock run before they turn around and cash in on the 0.0001s (possibly lower?) they have via conversion?
Up nearly 1,000% ....
A game of musical chairs for anyone getting in.
Well. You should definitely go back and review trades you made on OTC movers.
If you are honest you should come to realize that many of the ones that move have a good chunk of convertibles.
You might even find a similar group of names that keep popping up.
Might have to do a little reviewing to see if any of them come up here.
Whatever helps you sleep mate.
Convertible debtholders are up big.
Whether they let it run further is not something I know. History tells me that OTC stocks run so that they can get out.
Maybe you already know that ....
Hopefully you don't need to make others drink kool aid to make money.
Well. If it is legit, why are they convertible notes?
Anyways. Convertible notes are why most OTC stocks run.
They got to generate a market to convert into.
What about the new $485,000 in convertible notes?
Convert at a discount to 0.0001 and sell?
$485,000÷0.0001 = 4.85 Billion shares.
It could happen.
(That's why you scale out)
Nice little bump.
Would like to see this consolidate and get ready for the 2:30pm swing up.
Bulls and bears make money. Don't be too greedy.
Shorts brought it down to cover.
If this starts tapping on the $1.75s it gets interesting.
Much healthier now.
Let's see ... if the market makers got what they wanted, we should be good to go.
Possible, but need to see where support is first.
1.80s looking okay for now.