I am not a financial consultant or work for a brokerage firm in the
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Maybe the light bill is due !
Going over .025 now ....
That is a good thing ... They could have waited to dump at + .01
That is your opinion about loan not forth coming in the Feb 7 PR -- "As the terms of the commitment explain, this credit facility is dedicated to developing the VM179 lease and meeting all of Worthington's related financial commitments."
That is why CERP is doing this toxic financing to avoid bk and should be off the table with all the dilution going on debtors are getting paid so just waiting on update to shareholders with should be in the next few weeks with PR on business
Thanks resx !
I have and will hold for a long time ....
It's not too late to average up !!!
What is possibility of the meeting on April 5th getting cancelled by CERP? Can they do this ?
You said money runners are on their way ? I do not respond on private messages but that may be a good thing !
Sharks are here !!!
We need to go where that upper red line is pointing ....
You loading here ?
I know VNDM they are notorious ...
I see people accumulating on the low's here .... Maybe for a possible run ?
Thanks resx !! Some sunshine is better that none ...
I believe that we will see .04 before or on April 5th since that was CERP stock price when they sent out the Proxy's and shares where issued to CFO ... Maybe a little higher but that is just my guess
Lol you seem to know the future !!! Back to the future !!!
Money is everything dude ... Do not kid yourself !
It's really not that much considering the potential ....
Must be happy hour for some people ..LOL
That seems to be the play here .....
I sold at .015 and bought back at .01 now I am down 50% but I only takes risks like that with my 401k account and can wait to bailout on the first run up .... That is if there is one ...learn my lesson here with penny land . Made a boat load with MJN* bought at .11-.13 sold at .42
I will wait to average down once it hits the .003 area and a possible bounce from there? JMO
No reason to go to .175 ..... Although a good strategy after all this toxic financing it will make sense to sell the company .... CEO Scheer is not a good business man . He blames everyone but himself
So do you think .003 is possible here then ?
What was that sale of 1 million shares or $6,200 ....is that to pay WGAS light bill or something maybe some employee getting paid ?
Shore it will go to .175 ...if they get a PR that says CERP just got a contract worth 100 million in sales it might ....
Load up now get on the CERP train ....
Everyone has a selling point for some is 10% all the way to 500 % .... I recommend that once you have reach 100% sell half your position Nd ride the wave with the house money . CERP can over .068 or not ...
The simple answer to this question is that stock splits do not affect short sellers in a material way. There are some changes that occur as a result of a split that do affect the short position, but they don't affect the value of the short position. The biggest change that happens to the portfolio is the number of shares being shorted and the price per share.
When an investor shorts a stock, he or she is borrowing the shares, and is required to return them at some point in the future. For example, if an investor shorts 100 shares of ABC at $25, he or she will be required to return 100 shares of ABC to the lender at some point in the future. If the stock undergoes a 2:1 split before the shares are returned, it simply means that the number of shares in the market will double along with the number of shares that need to be returned.
When a company splits its shares, the value of the shares also splits. To continue with the example, let's say the shares were trading at $20 at the time of the 2:1 split; after the split, the number of shares doubles and the shares trade at $10 instead of $20. If an investor has 100 shares at $20 for a total of $2,000, after the split he or she will have 200 shares at $10 for a total of $2,000.
In the case of a short investor, he or she initially owes 100 shares to the lender, but after the split he or she will owe 200 shares at a reduced price. If the short investor closes the position right after the split, he or she will buy 200 shares in the market for $10 and return them to the lender. The short investor will have made a profit of $500 (money received at short sale ($25 x 100) less cost of closing out short position ($10 x 200). That is, $2,500 - $2,000 = $500). The entry price for the short was 100 shares at $25, which is equivalent to 200 shares at $12.50. So the short made $2.50 per share on the 200 shares borrowed, or $5 per share on 100 shares if he or she had sold before the split.
Neither a long nor a short position is materially affected by a stock split - the value of the position does not change. So, if a company has announced that it will split in six months, it should have no bearing on the attractiveness of the short investment.
I sold it long time ago
CERP what stock are you talking about?
Well I am taking a chance here until the results of the vote on April 5th for the R/S and increase of OS which should get voted down ... The stock will surge then .... Why go to Las Vegas ?
I'll take my chances holding 400k shares now
It's a chance I am willing to take shortie ...
It needs a catalyst or someone to start buying.... I believe the toxic lenders have sold most of their shares so anything is possible ... And you are right you never know iCERP can turn around in a dime ...
Drilling on VM179 should start in the next 4 months .... Who would like to wait to get a 500% back on your money invested now ?
I am hoping for a bounce today CERP seems oversold ... .04 seems where it should be that is the price when proxy's. where issued and stock awarded to CFO