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ICLD is trading on the "expert market" now. Tell us who is going to be able to buy it under that status!!! LOL
Game over!
PNNX is now Pink Current!
OMG....they have an O/S of 868,318 and they want to do a 1 - 100 reverse split? LOL. Why do they want the O/S to be 8,683? Unless they are figuring to dilute the heck out of it from now until then.
After hours T trade reported.
There is no dilutive debt on the books.
One of the larger shareholders must be selling a portion of their holdings?
We have seen this go to the .80s on multiple occasions. Once we see the app and debit card release and the revenue numbers...it will reach the 80s once again.
Is drifting down due to impatient traders leaving to chase something more exciting. This damn delay of getting pink current again is not helping any. People are weary of stocks not being current due to the new restrictions.
Nobody is shorting this stock. First, find a broker that allows shorting of OTC stock. In the event you find one (let me know), look at what the margin requirements are to short it. It is not economically feasible to short an OTC stock.
If you see the after hour T trades, this signifies one of 2 things. Either dilution is happening or some large shareholder is offloading shares via a pre-determined sell order outside of normal electronic brokerage trading.
The Intro Box has that info but good to put that in a sticky. If you use the Ihub app on phone...you don't see the IBox.
I will work on putting something together for a sticky.
Dilution in force. The poor people that bought the .035s on the construction company acquisition news....immediately in the hole.
It does not make sense to do another reverse split again. The share structure is still small. Only 15M shares in float.
I did see the PR for the split of last year.
"The Reverse Split was completed, in part, to meet the initial listing requirements of uplisting to OTCQB"
Pretty comical they mention uplisting to QB. 10 months later, no acquisition nor uplist.
What upcoming RS?
New market maker on L2 and lots of volume with no news.
Does the lawsuit mention how much Collier must pay to Actus?
Says he has 130 salespeople selling Sofpulse. LOL.
Collier speaks!!!
https://ir.endonovo.com/press-releases/detail/296
It is NOT dilution. Last financial has this check box marked.
Check this box if there are no outstanding promissory, convertible notes or debt arrangements.
It is only current shareholders selling off for whatever reason.
The promoters were not around yesterday. It may have ended.
Or did they take off for the Colombus Day holiday. To be determined.
Does anyone have information about the $3M lawsuit liability that is listed on the financials? Are the new owners on the hook for paying that?
Dilution to pay outstanding convertible debt loans. High Wire Networks has assumed all the debt SGSI had. There were numerous convertible notes owed. You can read the last 10Q to see all of them. Paragraphs of the different ones.
It would be good for High Wire to pay them off with a new note. There are quite a few and probably a headache to keep track of all of them.
Unfortunately, SGSI has begun diluting again. Yesterday had an after hours T trade and market maker PAUL is active on level 2 today.
Ok...i see that now. I had only looked at the liabilities section and issuance chart.
One could look at the last Q of the former company to get an idea of the outstanding promissory notes. One of them had a default interest rate of 22%...yikes. One can only hope that it was paid off with another note with less interest. Hard to know. It's all a guessing game at this point.
In which financials? The last Q ER for end of May shows $0 debt/liabilities.
The last Qtr ER shows no debt.
Maybe Cooley is converting his 1 super preferred share into commons?
I think someone once mentioned that since they did not see a publicly filed document PNNX has not started the process yet. In my research of other companies uplisting, I did not see any public documents...only a QB certification document after the fact.
You could be right. The uplisting process could be happening right now.
This is his Twitter handle from the last PR.
https://twitter.com/jcandito
Yep. I thought we were fine when i saw the Ask get hit in the final seconds.
But the ever so suspicious T trade appeared minutes later.
It is either dilution....or an insider offloading some shares with a pre determined sell order that is handled outside of an online transaction.
We have to wait for the next OTC Markets update to know for sure.
Next summer is a little extreme to say. I know it has been a frustrating wait here. As far as I know, they don't need to PR when they submit paperwork to uplist. It can just be done.
They have a team of real business people here. Have some faith.
OTC Markets has been slammed with requests. The only fault I can possibly see is that PNNX is not being a squeaky wheel with OTC Markets. They need to proactively bother them about their delay in getting current. Hope they are not just sitting back and waiting. Their paperwork could be somewhere out of sight getting overlooked. They need to contact them and say....hey i see other companies becoming current...what happened to our situation? We have waited long enough.
Ok...tks.
At least there was some buying today.
Share structure was updated yesterday. There has been NO dilution for the past 3 months since I have been tracking the share structure.
There is nothing to be positive about. It's game over for ICLD.
It will never come back to life.
The only positive for those that held on...is a tax write-off.
Ok....i'm asking!!!!
Spill the beans!
Seriously? We become Pink Current and someone sells on the Bid?
Doh!
It might be over with John but what prevents someone else from taking a stab at bringing this symbol current in the future?
Noticing the past few days...someone is selling on the Bid within the last minute of trading.
I don't have Twitter but someone told me they saw a post by the CEO that an acquisition has a delay due to an omission of some info in the LOI. Have you heard about that?
Sure is quiet around here.
I hope Kevin H. will help with holiday sales and promotion.
If you look at the court case for OVIT, Omni has withdrawn the petition for custodianship. Similar withdrawals happened to other stocks they were trying to acquire.
The website is down.
The Twitter account is down.
It was posted on one of the other stock message boarda that Omni responded to a shareholder that they have given up on the process.
LOL...go get 'em pitbull!!!
It's only right that they should provide a status update. I have seen other symbols communicate to the shareholders about the status of their particular situation with OTC Markets.
The old normal may have been 5-7 days but I believe OTC Markets had put priority in ensuring companies that were stop sign got current before deadline.
Now that we have reached that date, PNNX should be bothering OTC Markets for status update. Become the squeaky wheel that gets the grease.
If you look at the court case, the petition for custodianship was withdrawn last week.
It's game over here and at all the other stocks Omni was attempting to take over.
That is a good idea. Combine forces and not let all the work go to waste.
If Patrick is a mobile user like myself, I would not have the time to post images. The phone app version of IHUB does not have the capability.