Trade your own trade. Not someone elses'
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Overall, this is a good and a necessary strategy for growth. I see lots of posts that understandably reflect the disappointment of shareholders but I think patience wins the day.I don't see how. The money invested is diluted down to nothing. That doesn't work for anyone who is currently holding shares,
I also see retail buying down in advance of the AS increase although volume has decreased since the recent max out of the 2.5 billion AS increase as the lender immediately dumped all of the 2.5 billion shares. Its difficult then to imagine Sabby will continue holding a long position and the last time I checked they still own 9.99 percent not counting warrants. They are extremely good from a structural standpoint of sucking every possible dollar out of the company. They are truly predator lenders. The only chance I see that RNVA has is to cause for a rapid PPS increase to occur then use the higher value to pay off the loans and do not accept any follow on lending. If the revenues stabilize and additional acquisitions add to revenues its highly likely that RNVA will be successful. As I have said before I don't agree with Seamus Lagan using shareholders as an ATM and I question several of his "by hook or by crook" methods but ultimately I do think he will be successful.He's not using the common share holder as an ATM. He is literally utilizing their funds and then discounting the value drastically. One thing is for sure. He won't personally be losing any money. I agree.
LOL And Man he wasn't just kidding around. I think he left off the Explanation mark !!!!!!
As the CEO said, this is not a get rich quick scheme.
Amazing analysis. You make a very strong case for the Grand Salami. Research is unparalleled. Thanks for making your analysis open to Salmi folks. Enjoyed the read very much.
Given what you just stated. I will be watching from the outside looking in as I have very little confidence that the controlling powers will change their ways. I see this as dead money for the foreseeable future. Plus, I just don't like the way these guys do business. Initially, I thought this thing looked like a winner. Very disappointed but moved to protect capital. Every one has to decide for themselves
Can't make this stuff up. Hijacked the voting. Now gives total control to Board of directors? Board of directors and now the sole deciders. Common share holder no long has a place. imho
Proposal 1 : To approve an amendment to our Certificate of Incorporation, as amended, to increase the number of authorized shares of our common stock from 3,000,000,000 to 10,000,000,000 shares.
Proposal 2 : To approve an amendment to our Certificate of Incorporation, as amended, to effect a reverse stock split of all of the outstanding shares of our common stock, at a specific ratio from 1-for-200 to 1-for-500, and to grant authorization to our Board of Directors to determine, in its discretion, the specific ratio and timing of the reverse split any time before September 1, 2019, subject to the Board of Directors’ discretion to abandon such amendment.
Probably the biggest understatement of 2018!
This is rich. Finally, the truth. LOL
Proposal 1 : To approve an amendment to our Certificate of Incorporation, as amended, to increase the number of authorized shares of our common stock from 3,000,000,000 to 10,000,000,000 shares.
Proposal 2 : To approve an amendment to our Certificate of Incorporation, as amended, to effect a reverse stock split of all of the outstanding shares of our common stock, at a specific ratio from 1-for-200 to 1-for-500, and to grant authorization to our Board of Directors to determine, in its discretion, the specific ratio and timing of the reverse split any time before September 1, 2019, subject to the Board of Directors’ discretion to abandon such amendment.
These actions were deemed necessary by our Board of Directors because the conversions and exercises of our outstanding securities into common stock at increasingly lower prices have exhausted all of our authorized shares, despite the recent increase. These issuances have depressed the market price of our common stock. We do not have sufficient authorized common stock to comply with our obligations and failure to take these actions may have a material adverse effect on the Company and our capital structure.
It held mid bollie in daily. That is what we watch.
Who the hell is dumping Vate?
LOL Great minds think alike! My post from other board.
Very obvious reasons. I almost sold a handful. Look at daily chart. Notice
Vate out ran the Bollinger bands. That tells you pretty much everything if you understand Bollinger bands. Plus some people have strict rules about taking profits at certain points. Very predictable today. We should spend a day or two here. Squeeze out the young and restless. Then look for more pressure to the up side. JMHO
Very obvious reasons. I almost sold a handful. Look at daily chart. Notice
Vate out ran the Bollinger bands. That tells you pretty much everything if you understand Bollinger bands. Plus some people have strict rules about taking profits at certain points. Very predictable today. We should spend a day or two here. Squeeze out the young and restless. Then look for more pressure to the up side. JMHO
Per the 8K. They don't have a choice as convertible debt is converted. The die is set. Not going to be any happy feet here. imho
If the VATE continues to "manage" thing well as a company. It wouldn't be a stretch at all. Going to fully reporting helps that case in a huge sort of way. JMHO
VATE was a very pleasant surprise this week. Quite the move. No real stress either. The trading looks to me to be totally sustainable. By that I mean. It didn't bolt to .06 on little volume. Vate traded within normal parameters. Their was consistent buying pressure with very little selling. I like these kind of gains. I think ultimately, it allows people to consider holding an issue vs flipping. Amazing what happens when a company does the right things. Just making a few Sat. morning observations.
Existing share holders have many reasons to be excited. imho
It may not be what you like seeing. It's what I like seeing. Know what I mean?
Quite the week. Nice Vate advance very little stress. Glad I added in the .04s. I would really like to see VATE application approved. Then it's no longer speculation. It would also continues to validate VATE reputation and vision. I expect we will spend time validating the .055 To .06 area next week. The kind of healthy trading one should want to see.
It's a tough place to be imho. Fully diluted at this point yields 100 Billion shares. Per the 8K. Not pretty for common holders.
Lol flippers can't help themselves. Bollies need time to catch up.
Vate going fully reporting tells me pretty much what i needed to know.
Added another 10k today. Love the fully reporting co.. A fully reporting co. Doesn't normally dump shares.
Added another 10 k shares today
RNVA fully diluted has 100 billion shares. Spin off clears that issue up?
In 8k. Company admits it doesn't have enough stock to cover all the convertable notes already in place. Full dilution estimated at 100 bill. If I read things correctly. RNVA positioned well for RNVA. Imho
Let's see here. What could a reasonable person take from the 8K? When all convertible shares are counted. Total share count is over 100 bil.
So rich!
Going into the Fall. I think VATE is in a much stronger position for a plethora of reasons. You reference most of it. Becoming fully reporting is very encouraging. For me it shows intent.
Let's see here. What could a reasonable person take from the 8K?
When all convertible shares are counted. Total share count is over 100 bil.
My point is there is far more involved here then meets the eye.
I look forward to hopefully intelligent responses.
Nice piece of VATE news there if I do say so myself!
Impressive stuff.....
August 1, 2018
Common shares outstanding
3,000,000,000
Dilutive potential shares:
Stock options
38,478
Warrants
81,566,002,020
Convertible debt
3,205,778,378
Convertible preferred stock
13,063,630,114
Total dilutive potential common shares, including outstanding common stock
100,835,448,990
As of August 1, 2018, the Company lacked a sufficient number of authorized shares of its common stock to cover all potentially dilutive common shares outstanding.
Sweet
Agreed . I'm thinking company selling some shares. 600k on ask not smart. imho
I just did as well. We are long over due for a bounce. Once this selling is through we should have a decent path forward back to the .06s. jmho
Yea right Scottrade? Don't think so
Mms just collecting shares of the restless. Imho
Agreed. We are raising pps ave. Creating sustainable levels. Inho
VATE.....text book trading. Getting ready to move. Imho.
Smart money pushes pps. Then accumulates as pps falls back. This only works for so long.imho
Vate..... another very nice trading day. Positive pr. Holding pps well. A lot to like here. JMHO
Spot on……..