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SOBEK - I really like your post. To me, the most important thing this company can show investors is consistency, followed by progress. The CEO is consistent and transparent (besides very good looking). We can count on her to tell us what she intends to do, and then she discloses when she does it. She has put out signals on future plans, and is accomplishing those plans steadily and slowly. Thats what builds a company. We are lucky to have her.
1- it's more a medical device technology company than a consumer retail company. 2- liquidity for whom? Day traders or longs? For death spiral institutional lenders or for traditions PIPE SPO institutional lender. The more liquidity, the more you attract day traders and death spiral finders. I'll stick with limited stock and long positions.
I think KGS is right. For now. $20 is about .10 pre split. The stock traded at .10 for a while so hitting $20 is probably more likely than not. So don't sell any more Kevin!!!!
You haven't been following and are completely wrong when it comes down to institutional investors the company is trying to attract. So you will just have to see it for yourself. Not disagreeing with you if this were a typical OTC play, but it's not no matter how much you may want it or think it should be.
I disagree vehemently. Real Institutional Investors will wait for an IPO or SPO to get their liquidity. Real Institutional investors invest in companies - not stocks - HUGE difference I am surprised you don't know.
Agreed
OK, TFN - name ONE SINGLE INSTITUTIONAL LENDER that offers CONVENTIONAL (not death spiral) funding to an OTC issue? But I can name you 3 dozen Institutional lenders that invest in small cap NASDAQ stocks, under conventional equity and PIPE terms, especially in the medical device/healthcare NON-bio tech market.
ALL "institutional lenders" at this level ONLY play the DEATH SPIRAL game. Thats why they call this the cesspool.
Agreed!
Liquidity to me means OTC flippers game playing. The more liquid the trading is, the easier it is to flip in and out, and last I read, the CEO is trying to avoid as much of that as possible. Some liquidity is good, and in my opinion, share-wise, if you trade daily around 10% of the public float, thats a pretty good in-between. That would mean in this stock, somewhere between 12,000 and 18,000 shares daily. 10% of the float trading daily shows activity, but keeps things modest. Too much liquidity scares longs away, too little scares flippers/shorters away. Anyone agree who is long?
CHA-CHING! Everyone gets a check or corresponding value in stock of another company, or a combination of both!
TFN, I think this stock is causing a lot of excitement and its just human nature to think the best. However, there are indicators from the company (actually disclosures about its intentions) and the CEO's ability to get done what she says she wants to do, that further feeds the optimism. I remember when you first came here, you were in a very negative camp, for whatever reason, everyone has one. But from what I am seeing, you have come around to at least giving this company a chance to show its metal. And we all know that will take time because stories like this take time to develop - with that said, I agree with you about the $5 price floor, because like Cheeky just said, THAT changes everything. Maybe not right away, but holding that bid over time, will change some of the investment dynamic, IMHO.
I am waiting to see if and when the company puts news out and will just have to continue to measure its performance based on its disclosures. But I am long, and will measure its performance based on business metrics, not stock metrics.
According to most typical IHUB guys (you were included in that), it WAS suppose to be the death of the company. I've learned over the years to listen to this CEO. Against the odds, against typical results of other companies, etc......she was right.
The force is strong with this one OB-WAN.
The numbers don't lie is right - NITE is short 20,000 shares. Thats over 58% total shares traded over the last 3 days. The only profit comes, is when NITE panics everyone on monday into selling ACTUAL shares into their low bids. If you hold out, NITE has no choice other than to come into the market starting on late monday to cover.
OMG! Thats about 20,000 shares!!!! NITE is going to try to shake the tree hard next week to scare everyone into taking losses and selling lower. If NITE fails, they will have to come in and BUY REAL SHARES to cover tuesday wednesday and Thursday. Thats a REAL short! Trouble is, there are no REAL SHARES!
Imagine if all the IHUBBERS descended onto this stock monday to acquire, HS!!!!!
They just went through a brutal 200-1 reverse split, where almost everyone said, thats it, game over, stock will be down back to .002 in a week. Well its been 5 weeks and its over $4.00 and the only think holding this back is NITE's shorting games. I am sure mondays short report will show NITE short about 16,000 shares. Thats more than 10% of the actual trading float thats left and NITE has to cover.
Back to the cesspool? Not managements plan.
Its been a few weeks, hasn't it.
I think if and when NITE realizes that there really isn't any stock out there, or that any stock promised to it is really an empty hand, NITE will panic and try to cover, maybe as early as monday or tuesday next week. They probably added another 7,000 shares today to the 9,000 this was short already. Why do you think all the trading has slowed down? IMHO, it just realized they can't cover and will try to shake us holders out of stock by creating panic selling. The short report doesn't lie.
http://otcshortreport.com/index.php?index=Rxsf&action=view#.VnQYvYszB95
Really? a $21 dollar trade. Didn't that cost you $7?
I would guess that the non-tighlty held float is more like 120,000 shares now, and will keep going down as longs pick up at these levels.
Yea, they can't afford it to run because they can't cover that many shares, if at all, and those bids are probably all NITES walking this down after the rally. Bids drop too far too fast to be real bids, but the buying is REAL.
NITE can't afford to let this run away, but soon, they will have to cover, probably more than 12,000 shares now based on the last short report. Thats a HUGE amount.
RXMD and RXSF - possibilities? I'm in both and was thinking about it. Bricks and mortar meets healthcare security tech? Uplist?
Lets hope NITE can't actually fill them!
Of course, the flippers can feed into this and stall things out. See that 2,514 bid? I put my money on it thats NITE trying to fill, and theres nothing out there unless he pits it to himself. He's forced to move it up with bids higher than his own. IMHO
I doubt seriously there is ANY stock to fill those shorts.
If the bids skyrocket, NITE is screwed. If they stay where they are they will try to fill cheap and hot those bids. But they still need to find the stock.
SHORT REPORT All those shares sold by NITE over the last 2 days - HUGE SHORT!!!!!!
http://otcshortreport.com/index.php?index=Rxsf&action=view#.VnQLpnNOnqA
New CEO PSA in IBOX!!!! 1:05 long! Most recent videos!
Yes, and now, post split, NONE are selling, and some are actually buying.
Correct.
Putting Market Cap into Perspective
At $4.00 post split is actually only $.02 pre split. The company traded heavily at $.10 pre split, which would be $20.00 post split. Most pre-revenue medical device companies have market caps of around $30M, and upon revenues, starting near $80M. Right now, RXSF market cap is at $3.0M. $30M would put it at roughly $25.00 per share - so HOKIE is NOT that far off.
Now, consider about 30,000 shares of the real 180,000 public float has been taken out, and hopefully are being held by longs (late spring), that leaves roughly 150,000 now i the float.
Its called missing the boat!
Good day for RXSF. Hopefully, this is just the beginning.
CHECK OUT LORRAINE'S VIDEO introducing the company and its consumer product in the right side panel of this board.The accent is KILLER!
C'mon, 3.75 bid! We can dream, can't we?
Thats correct. Bid always pushes ask. Thats a big bid showing as well. When NITE raised the ask before, it was slapped, but the bids didn't fill in behind it. Thats why NITE dropped the ask again. I know it takes time for MM's to joint the box, so if you have routing options with TD, route it through ARCA if you can. I don't see any ETRD MM either.
NITE could easily move off the $2.50, put the ask up at $5 and there will be takers. NITE is still playing games. I think what it wants to see is for the bid to move up strong after he lifts the ask and its hit. He has come down because the bids haven't chased the ask up. Thats how I see it anyway.
Need more bids....bids, bids, bids! - wait until some new MMs show up.
Time to get the word out!