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The dilution has gone down appreciably and where the heck are all the buyers now that should be raising this stock from the dead... definitely never going long on this crap, nothing but empty pumpers here that have lost their shirts hoping for the Phoenix to rise from the ashes. It can't even hold above $0.050 for two days. When final dilution numbers come out, this is going to tumble right off a cliff! The only way to play this for now is short it all the way. Good luck longs, you will need lots of it!
Bought back in this morning @ 0.0450 but only 250K shares thinking maybe a breakout day, no, the diluters are still here slamming the door as soon as it gets above .050. Maybe I'll pick up some more later today if it retraces back to .0450 but if not that's enough for now. Want to see if I should cover or still short this.
Looks like shorters are out taking profits from "up spike" yesterday and today. This should be ending the day in the GREEN in my opinion but hay, what do I know.
Good spot to short from if it gets over .050 but diluters like to slam the door as soon as it gets to .0499 with a 500,000 share ASK that just repeats...
According to CLAY it was .050 but likely going up only to get dumped on tomorrow morning, as usual.
And that has anything to do with NVCN shares? At least, now you have someones shoulder to cry on when you loose all your money in NVCN shares.
Smoke another fatty and enjoy your day.
Maybe in a year your NVCN shares will be worth something, I could care less if you buy, hold or sell your shares. You might remember though, I'm the one who is UP $thousands$ in this stock and by last account, you are not. Good luck with your endeavors!
You should be worried, this stock has much more short term downside pressure than upside. Look at it's performance even before the dilution started and it was totally negative for the "stock", even though it wasn't that bad for the company as a whole. Now, the company should have plenty of money for the next year by the time the dilution is complete. Share holders of NVCN are being drained right now for just that purpose. Once the dilution is totally over then a modest rebound in share price is very likely. $1.00 per share or higher will ONLY happen with either a massive share buy back and retirement while prices are low OR more likely a R/S of about 100:1 and then you will likely see your $1.00 plus prices, likely looking for around $3.00/share BUT and 100X less shares in your portfolio. In almost every case share price drops just before and right after a R/S. Be aware! Waiting for the right time to get in to NVCN may pay off handsomely. IMO
Low 4's today, likely the .04 resistance will hold for today.
That would be the smart move IMO. The key is always waiting for the right time. Dilution is likely winding down by weeks end. Next week the stock could move up, we will see but this week is likely a blood bath for some. Longs will hold and shorts won't.
Unfortunately, I think this is going deep into the 3's before any substantial turnaround is likely. Likely to test the old bottom before re-tracement upwards. Dilution is the key heavy weight guiding this right now. IMO
Those selling the warrants are totally in control of this stock. Where they want it to go is where it's going for now until the dilution is done and we should get an SEC filing at that time as to the total # shares outstanding. Until then NVCN is gong to make wild moves, unfortunately for those holding presently, mostly to the down side. It will likely end the day at about .0425-.0435 I think. IMO
NVCN will likely be back in the .03's by weeks end. Dilution should also finish around the same time, to early next week. 200-250 Million share day here today if it keeps dumping at the present rate, all to the down side.
Like I said Friday, .04's coming today, now here. Got out @ .0520. It's down hill for awhile... This is getting dumped on HARD right out of the gate!
All that is now incorrect and outdated even though it's showing today. Reality, its likely 1.2 billion shares outstanding with a rough market cap of around $60 Million at $0.050/share. Based off the companies last statement and current share price.
Once the wall at $0.050 is broken, it's down hill big time. There chipping away at it slowly. Soon...
I'm not yelling at anyone, I'm merely telling you what I am reading in the signs that I'm seeing about NVCN. I hope I am not getting one person to sell there stocks to loose money, quite the opposite. It's simple "sell high, buy back in low and sell high and buy back in low and hold (if warranted or sell again)", maybe you've heard of the concept. It's not brain surgery, the key is reading the "signs" correctly. Since I'm making BANK on this I guess I'm doing something right so far, are you?
That's right $Thousands$ and I did it all in the last 2 weeks here. I learned all the lessons you are now learning years ago, now I make money and less mistakes.
Toro, if you had sold NVCN at the right points and bought back in at the right points you would be in the green making money and had double the number of shares you have now here which you obviously aren't doing. You keep holding those 550,000 shares and when they are worth even less than they are today lets see how you feel about them then. Good luck with that.
Because I'm not a "Fierce Bull" who's full of bull like someone here and look at the facts laid out in front of me, real easy to read where this is going.
This stock is going to do nothing but slowly dilute today, not worth watching... price is going nowhere but flat to down. IMO
The sellers are trying to hold this in a tight range of .050 - .054. They dump until it looks like it will break below .050 and then back off for it to come back up, then do it all over again. Nice slow steady burn of dilution instead of the rapid dump. The problem is the BUY side is loosing ground and falling under volume, BUYERS are getting tired or loosing faith in this stock. This stock is being totally manipulated by the sellers and not the buyers. If they dump at a higher rate, this will fall below the $0.050 support line for sure.
If any holder of shares sits on NVCN and holds as it plummets, then you are showing foolish devotion to a failing stock. I did not say FAILING company, that's not the case but the stock itself, with further dilution coming for another week or more has no catalyst for moving UP in the face of the dilution to come and the dilution WILL definitely come. Salvage what you can soon and don't ride this down to the bottom. For a while the $.050 bottom resistance will hold but eventually, today or Monday it will fall and then this stock will tumble again without a MAJOR catalyst to the upside.
This will likely be an unfortunate day for those holding NVCN.
My bet is tomorrow it is highly likely that NVCN will break under the .05 resistance line based on dilution activity today and the lack of deep pockets buyer buying in at any price like there was a few days ago pushing the price up. It all depends how fast and heavy the ask line loads and reloads during the day. Don't advise a buy during pre-market open, you will likely regret it. Likely will see low .04's tomorrow if it breaks under .05, IMO
You did the smart thing, if I remember you bought in the 3's and selling today was smart, it's more likely this will go down before going back up so you can likely pick up more at a better price soon and more shares to boot. Good luck.
Slow disintegration is ahead, thanks to the continuing dilution.
My bet is within a month, maybe 2 weeks, after full dilution is achieved there will DEFINITELY be a reverse split of some sort and it will be hefty to get the share price well above $1 to keep this on the NASDAQ. That could be a blood bath for the stock value until about a week after the R/S is done from past ones I've followed. They aren't going to wait anywhere near the November deadline to do this as some claim either. If the share price is around $.050 then, I'm seeing a 100:1 R/S to bring the share price around $5 and a 15 million OS to make it attractive to the big boys with deep pockets. IMO
I agree, I'm just thinking, no matter what anyone says on this board, that for now, my money isn't betting on this horse when I see better odds coming. Not saying NVCN as a company is crap but am very leary of what I see setting up. I learned NEVER to put my faith in anything without facts to back it up. I see another 500 million shares of dilution coming fast and I think, for now until that's done, I'll be a spectator for now. Good luck to you though.
There was also an SEC filed SC 13G/A filed that said BSX now owned a WHOPPING 11,817,000 shares out of over a BILLION shares now... peanuts! Because the >5% purchase was as of MARCH, 29th, 2018 when there was a whole lot less shares floating around!
There was an SEC filed 6K that had the same info in it last night too, filed on 04/11/2018. That's what the press release took it from.
Well, when this breaks thru to the .04's, likely in a couple days, you tell me that again. What you should do is sell at .0585 for a profit and buy back in when it hits the .04's on hopes for a pop, then you get mores shares cheaper and likely will make money, depending how you play it. Going long on NVCN right now is a fools errand. Tooooo much share churn. IMO
I"m up really nicely in the GREEN with my "rookie" moves in NVCN...lol, to the tune of $THOUSANDS$, How you doing so far?
Actually it was a company news release, here is part of it: "10,273,972 Series C Warrants were originally issued in the 2017 Public Transaction, and 5,388,706 remain issued and outstanding at the close of business on April 11, 2018. Each Series C Warrant may be exercised at an exercise price equal to US$1.46 (subject to adjustment) at any time prior to 11:59 p.m. (New York time) on November 18, 2019 for a Series C unit (a "Series C Unit"), with each Series C Unit being comprised of one common share of the Company (each, a "Common Share"), one Series A warrant (a "Series A Warrant") and one Series B warrant (a "Series B Warrant").
For details concerning the terms of the securities issued pursuant to the 2017 Public Transaction and concurrent private placement (together with the 2017 Public Transaction, the "2017 Financings"), including the Series C Warrants, Series A Warrants and Series B Warrants, see the prospectus supplement dated November 10, 2017 and the forms of such securities filed on SEDAR at www.sedar.com and with the SEC at www.sec.gov. For a description of the risks associated with these securities, including dilution to shareholders due to exercises or conversions of the Company's outstanding warrants and convertible notes, and the Company's need for significant additional funding, among other things, see the Company's Annual Information Form, which is available on SEDAR at www.sedar.com and on Form 6-K furnished to the SEC at www.sec.gov.
There are 1,012,848,282 Common Shares issued and outstanding at the close of business on April 11, 2018."
Unfortunately, I see the .03's more likely in the near future on NVCN then the .11's or better so, I'm out... SEC statement said it all to me last night. I'll come back later and buy back in at lower prices before I start to loose money here.
"There are 1,012,848,282 Common Shares issued and outstanding at the close of business on April 11, 2018." according to NVCN SEC release yesterday. So, still roughly 500 Million shares to go. That equates to a market cap of $ 52,668,111 (at today's share price), more than the $35,000,000 that is needed for continued listing on the NASDAQ. NVCN also received $7.1 Million in proceeds for the exercise of warrants to date which will likely fund NVCN well into the 1st quarter 2019.
And now the big buyers jumped back in taking chunks out of the sell line moving back up...
Let the panic selling begin!!!
Yep, I found it. Thanks. Think that by now there has to be a lot of the warrants converted and shares sold, so let's say there is roughly 1 billion shares outstanding with a share price of $0.065/share right now, that equates to a $65 million$ market cap. Now I see why they weren't worried about the $35 Million requirement by the NASDAQ continued listing.