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Perhaps in the short term, but barring a large, unforeseen expense, nothing that would warrant an equity offering.
They'll have the cash that came in during those 4 months lol
Technically they had the $14.6 mil at the close of '14 and we're 3 months into 2015. Add the cash on hand to the 2015 revenues minus the burn and you'll see how much they'll have to "dilute" lol
Huh?? They have enough cash on hand to last until August..
That's what I see as well
This will be back at $1.30 by the opening bell tomorrow
Orchestrated take down in effect
I think we might see $1.50 today
Churning and churning
It had nothing going for it....it was all a ruse
Heavy resistance at $1.38
It wants $1.40!!
Wow, all the way to $1.29
Last I heard it was at about 10% of the float
Yeah, I thought they only come out NI-weekly as well.
Wow! Huge volume FOR this stock, $624 worth!!! Man, their are tons of new eyes on MTVX. It's really blasting off of that 52 week low of $6e-05!!!
LMAO!!!!
Shorts' boats are sinking
Purdy see through wall at $1.24 (-;
Saw these lows coming and Sold all on Friday
Gotta love seeing bid at 128x the ask and no movement up happens lol
It's being suppressed hard right now!!
Bid support moving up....may see new HOD
$1.25's are getting hit hard
Love it when new HOD's are hit during lunch
Nice fake wall at $1.23
I keep hearing "consolidation" but it's starting to look like nothing but a sellathon
Yeah, you might have a point with the OS increase if it wasn't happening because of a merger that will add considerable value to the company
Yes....say they are by the secondary at four dollars a shareand within a week it's trading at three dollars a share. Their long term position has now lost 25%. Big Boys are not in the business of losing money and they have the capital to avoid doing so...
In turn, they begin short selling the stock at market prices in an attempt to recoup that 25%. Come to find, this strategy works masterfully, as retail small cap investors are fickle, especially after secondary just slashed their net worth. Their secondary buying followed by short selling triggers a massive sell off. PPS dips so low that it even triggers institutional and insider selling, and after 4 weeks pps is at $2 a share.
Now that long position at $4 a share has lost 50%. However, our secondary buyer has profited that plus another 25% through selling short and knocking pps back down....
This is when they will decided whether to hold that long position depending on what the company is doing. Say the next earnings are weak? This is the time we'll see 5year, 10year, all-time lows in pps.
Of course, what I laid out is the absolute worst case scenario lol I don't think that'll happen to SLTD, as they are expanding their business and JN seems to be very good at his job. I do think we'll see this drop into the $2 range before any sustained recovery.
Lol when they big boys buy a secondary they then turn around and short the stock into oblivion to recoup and then some on the short term loss that the secondary caused. Once they've profited enough they then determine if they want to hold the shares they bought in the secondary offering long term based on the state of the company. What often happens with small cap companies in the Nasdaq is that the secondary buyers just end up dumping all there shares as soon as they're allowed to. Shareholders therefore get screwed in the short term, and of the company isn't wise with the funds raised they can end up getting screwed in the long term as well.
How is a buy for 3495 at .74 followed by a sell for 200 at .722? Lol
Even with that OS a cap around $50M (which I think is extremely conservative) were looking at a pps around $1.50 which I'm sure will be a very nice gain for most of us (-:
Yeah, I pulled the plug...averaged down as low as I could and got out with a small loss. I'm suspecting another secondary will be needed to get spinel into production and that she'll be stuck in the $1.50-$2 range until spinel contract news drops. I have no doubt that I'll be able to recoup and then some at that time.
Positive Bitcoin news from very reputable sources:
http://mobile.reuters.com/article/idUSKBN0M11WJ20150305?irpc=932
http://www.forbes.com/sites/kellyphillipserb/2015/03/06/paying-your-taxes-in-bitcoin-bill-would-make-it-easy/
I am puzzled by the lack of volume and the lack of buying
That sounds right
They're giving like 34M shares to Tera
Longs just got a whole lot longer...
It's not down because the offering alone. The convertible note (more dilution) isn't helping preserve shareholder wealth either. Good thing is that it's all for the good long term.
If the shares you hold were bought on margin they can be borrowed and sold short and the only way to stop it is to deposit cash equal to the amount you owe on the margin.
I know...
I meant that unless the shares you own were bought on margin they cannot be borrowed by short sellers.
What can be bought on margin depends on the broker. You will get a message when you try to short of "short selling not allowed" or "shares are hard to borrow." These messages can mean that there are little to none of those shares being held in margin accounts.