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No, they are cheaper because people know that when RS hits and company starts selling more shares into the float the shares will get even cheaper. People are cutting their losses.
Let me try to put it this way for you. You and 3 buddies bought a large pizza for 20 bucks because you were hungry, you got home to eat it and you see that another 12 of your friends are there and they are hungry too. Pizza did not change , but now instead of getting a quarter each of you will get 1/16th .
People don't think the company changed, they think share structure changed so shares are cheaper.
I am not sure he was right. I doubt we hit $3 any time soon. After RS we might be around 1$ and then hopefully the revenues and good news will be coming faster than new shares. Otherwise we drop back to cents.
Forget about preferred. Company can sell all 350 million of AS into a float. That will not only dilute existing investors to zero but will drop the share price by 95 percent. Unless they grow by 10000% at the same time.
Just talked to Steve on Twitter. Unfortunately he is either blind himself or lying thru the roof. He also thinks that RS does not matter to existing holders. I advised his to get familiar with the matter and not by asking Parsons .
Same to you. Really hoped this would play out differently, but Steve turned out to be a a total scumbag even though he has a reputation in his field .
Sold half at .045 - .05
Because RS usually followed by increased authorized shares and dilution
Steve promised us fireworks in April. 5 trading days left. I am sure those two 10-Q filings are not what he meant. He called them benign and said that annual report will have all the information.
Tick tock...
OMVS
Dumping continues. Seems it can't find support
Yes, still low.
120 mil shares outstanding times .015 . Market cap is around 1.8 mil
Agree, we need a piece of news proving that both SCOT and RAD are selling like crazy.
The next thing up for release is the PR about AU contract.
I am not into baseball. Hockey and football are my sports.
I wish OMVS could add some positive emotions to this. But it is lagging for now.
Hey Boston how about them Bruins !?
Hope fully April is not over in Steve's terms and we get more juicy PRs next week.
$OMVS
GWW could squeeze hard today/tomorrow . It is at all time high. 110% of the shares are owned by insiders and institutions. 17% of float is shorted. Shorts are way under water.
UPB, this watch list is requiring Diamond membership. Something changed in your rules or just a mistake ?
GWW beats ER this morning. EPS $4.18 Beats $3.42 Est., Sales $2.8B Beats $2.71B Est.; Raises Guidance
Holding 315 calls. Hopefully it moves higher today.
I am pretty sure AU does not ask RAD for 1 bot at a time , they will sign a multi year agreement for hundreds of them
In GWW calls for earnings.
Sold remaining ISRG 450c from 1.25 to 18.50.
ISRG launching into space - 463 !
ISRG 450 calls from $1.25 to $10.00. Thanks JB, great call !
Never mind , just found it in Twiiter:
@jerrydevilbiss
Apr 4
$OMVS SCOT cost $2,200 per month/contract. Plug in models even less expensive.
Anyone knows how much RAD is charging for SCOT's monthly rent ?
I think I saw a $20k a year figure, but not sure where it came from, and can't find it anywhere now.
ISRG is up to 460 after ER beat.
Great post !
SODA up 2% then down 1% on a very green day for the market.
ISRG on the move pre earnings. I followed JB yesterday into 450 calls. Just sold half to cover costs.
SDOA faded all the way down to yesterdays close.
Boston, how can you even think about OMVS this morning , who the f cares. Bruins lost last night, that's a bummer :)
Cheers!
Yeah, someone dumped 400k shares at market.
JB, anything new from SEC or Nasdaq on LFIN ?
I wish I had more free cash to buy more shares. I don't believe we are below 6c again
Red start of the day. I guess note holders got their chance to sell after the STOP sign got lifted.