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Wow. So far off its almost laughable. $350 is a paid pump? Considering there has been no research on this company in about a year, I calm it shareholder responsibility and transparency. But keep trying.
Call her, ask her, and report back. She answers all shareholder calls.
Here we go again...... Most penny OTC companies use pump and dump "IR" firms who get paid lots of restricted stock at a discount to put out bogus pumping reports. I don't see that here, do you? I see an individual analyst who has done reports for NASDAQ and NYSE traded companies in the bio/health fields, who got paid a small amount of money. He is also using market accepted formulas and principles for his estimates. Maybe when the company retains an investment banking firm, they will do a report too, but I am sure it will cost a LOT more than this one.
So the company "commissioning" a report for themselves is way better than a pump and dump "IR" firm doing so. Its positive - NOT NEGATIVE. I think this was a wise use of company funds instead of diluting shareholders.
They want people with real shares to drop, so they can fill.
Absolutely, slap the ask and they DROP IT. Trying hard ti NOT let it run and discourage new purchasers right off the bat.
I think the CEO gave us all an early XMAS present. Too bad others don't see it that way. Plus I think its setting things up for much bigger announcements soon. She tends to do that a lot.
The CEO has been busy, looks like brand new News and Investor relations pages at the company website too. http://www.rxdrugsafe.com
Found it at their site...http://www.rxdrugsafe.com/rx-safes-releases-preliminary-research-report-on-company/
CEO said she is commissioning more reports throughout the year, so she is doing this right! It helps validate her decisions IMHO. Just more info for us. Transparent.
Only either time, or upward pressure will tell. But I have been here a long time and these daily swings do not mean too much in the long run. Its execution and performance, and on those basis', I'm happy.
Now, if only RXMD would see the light.............
When there is too much upward pressure on the stock, they throw relief valves into it by hitting the bids to slow the rise. If it rises too quickly on substantial volume, they make a choice to cover, and at least here, there isn't much stock to use to cover.
They play by different rules. They can hold short for 30 days, as long as someone is lending them stock, and they do that all electronically now. If they can't find stock to borrow, they normally have to cover, but unraveling the web is quite hard to do.
Wow, what an opportunity for traders.....50% short on average over the last 4 trading days? I don't play those games, but to me, thats a huge opportunity to get eyeballs on this before that opportunity is gone. And its likely, that based on the 3 day cover requirement for delivery, those MM's may be coming in starting today to cover - of course after they try to scare the living crap out of you to sell. Let's see how this plays out. GLTUA
Tomorrow is the last full trading day until after XMAs, right?
Good day today... bid closed at $5.00. Just 29 more days to go!
WOW, such manipulating last minute crap by NITE and friends.
Looking at the L2, and matching up the trades, looks like they are playing ping pong with themselves, waiting for some real stock to materialize. There may be some flippers in there (and I can;t hold it against them with $1.00 swings) but IMHO, not enough stock out there to cover what they already sold.
Move that 3000 bid to $5.25 and watch the Ask run away!
They may have been caught off-guard, expecting it to tank after the R/S. Most people thought that as well.
See how fast those MM's raised the Ask? I think because they know they are short to begin with and can;t fill what they already sold.
BID sizes just went through the roof!
TFN - Etrade shows NO STOCK AVAILABLE, so I would guess that its just NITE playing ping pong again trying to shake things loose. Nothing more.
LOL, NO WAY IN HELL NITE has 6,525 shares
Understood and appreciated. Than you. Merry Christmas.
20,000 shares is a LOT to cover
I didn't see that, and appreciate your candor.
OPPPS....there it is....the companies first $5 BID!!!!!! And its gone as fast as it went up, LOL And its back again, LOL
More like batting practice HOKIE!!!! ...........
So your sticky is much less relevant now, maybe take it down? heard you are really a mensch.
BMAK is ON the box at the OTC Markets level II as unquoted right now. !!!!! Its still unquoted, so its just a matter of time. Looks like they are waiting to get in!
I bet NITE and the other MM's are going to try scaring sales today in order to cover. Any thoughts?
You just have to love the transparency. She telegraphed this a long time ago, and so far, she delivers. I think Cheeky is right, she wouldn't release projections if she didn't have a reasonable expectation of achieving them, and she knows a lot more of whats going on than we do. Can you find a better CEO? I think not.
Cheeky. You're missing 3 zero's.
Holding? Hell with that, I'm adding!!!
Anyone who sold over the last 2 weeks can always get back in tomorrow. $150m revenue projections. About $10m in 2016 alone. Seems to be based on a $25m funding over 3 years. Valuations for buyouts are 3-5 times revenues. Talking huge numbers if that's the case and it gets that far. She has been very transparent. She has never estimated revenues so this is the first salvo and its huge. Now we know what she is thinking and she is thinking large. I guess this may set up a few more announcements. Let's hope.
KIRK!
I'll take that one CHEEKY - because the supportive shareholder hold convertible preferred stock and I am assuming, if a REAL investment banker or REAL institutional lender felt the outstanding is too low, or that they want the market cap higher without effecting the PPS, they would ask some of those holders to convert a portion to bring the OS shares up. The great thing about that is those shares can't dilute the market because they would ALL be restricted for at minimum 6 months from the time of a conversion, and THEN, further restricted by rule 144 sales limitations. But by that time, I would expect a SPO on a national exchange - so maybe, if we ever see a conversion, there may actually be a time-clock purpose that we don't see behind it. None of them have sold in over a year and we heard that the intention is not to sell. Thats what the CEO stated.
To do a forward split would actually affect the stock price by cutting it down, put more shares in the hands of flippers and game players, which was one of the purposes of doing the reverse split to begin with, to get away from that, stabilize the stock while the company builds its core business.
Obviously we come from 2 different worlds - liquidity, game playing, flipping v. business building.
Identifying Criteria for P2DI Opportunities
1. The Stock has to trade reasonable volume daily - relative to its average
The stock is trading roughly 20% of its outstanding float and is picking up
2. Increasing revenue stream or better yet profitability.
Revenues can only go up once the retail programs are started - like the one announced with CVS to start
3. A strong product base with expansion potential - consumables a big plus
Product base consists of both consumer products and professional medical devices, all serving individual multi-billion dollar markets, nature of technology allows for expansion into many other areas of healthcare such as rolling medical carts X-Ray machines, portable professional EMS field products etc.....
4. Under 200m O/S - The Revenues/Earnings generated should be taken into account.
Only 1.4 million shares outstanding
5. Insiders have to own shares
Insiders own about 80% of all stock, no selling For 4's - only buying, no Form 144's, etc.......
6. No dilution to line pockets - must be accretive)
Only dilution in the form of about $300K in convertible notes that company intends on announcing a plan to retire by end of year -
7. Previous history of success is important
Management team started the consumer biometrics market in 2005, atttacted and partnered with MasterLock, Honeywell, SentrySafe, QuickSet, Overhead Door Company, and sold 10's of thousand of products through retail partnerships with The Home Depot, Lowes, Sears, Brookstone, COSTCO with contracts and sales 1st year of $14M
8. A Prime mover behind it or strong potential for buyout
Strong potential for buy out - you decide
Lets all take stabs at this one!
Yea, where I come from, thats called DEATH SPIRAL FUNDING - only kind of money OTC stocks can attract - thats NOT a NASDAQ type-funding. They had their opportunities with the PO's raising millions, for what? And their revenues? This is what happens, other than David, they have NO CLUE how to run a public company and NEVER should have wasted so much money on an untested, unproven consumer product. They should have just stayed in their network biometric world where they had some successes and experiences.