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Cerebain's got the stock ticker & patent
PKG's got the R&D and manufacturing capabilities
PKG is essentially going to get paid $20M to continue business as usual, go public, and develop the Alzheimer's device. I don't see any downsides there...
The real questions in my mind are:
Who is funding the acquisition?
And what is planned next?
Piecing together statements from several press releases, it's pretty clear to me the synergy between PKG and CBBT will result in a multi-faceted company strategy--building on PKG's existing foundation. Based on the first excerpt below, PKG will continue business as usual, while adding a focus to Cerebain's Alzheimer's device. What is not clear is what other company partnerships will follow next. From the second excerpt below and based on hints from IR, PKG is just the first piece of the puzzle. This is also echoed in the press release from NMS Consulting, the third excerpt. And, of course, the added benefit for PKG is that they will become part of a public company.
https://finance.yahoo.com/news/pkg-inc-ceo-excited-potential-123000531.html
Perhaps ALPS signed off to watch March Madness?
I know I'm not getting much work done this afternoon...
Nvm, they're back
Saw ALPS on the Ask for a while this morning, looks like they've logged out for now though. Hopefully gone for the weekend!
Buys outnumbered Sells today
2,704,092 vs 2,318,759
I think your reading comprehension needs some work.
Why would I sell?
You said they couldn't use the verbage finalizing, I'm simply saying that they have.
Other updates COULD include amount of capital invested to-date and status of past-due filings.
Doesn't matter much to me. I've waited 1.5 years, I can wait a while longer.
They've used the wording 'finalize' several times in their past updates.
I do think they've learned their lesson though. Don't throw out dates unless they can be hit with certainty and don't put out fluffy updates. One can certainly debate the level of fluff-factor in their recent updates, depending on how much you want to read into the information given.
Go away ALPS
Looking pretty thin. Nice bit of news or positive update and price would be above .10 very quickly IMO.
Let's go lawyers, get 'er done.
Good number of MM signals today, if you buy into that sort of thing... So far I've seen some 100s, 200s, a 400, and 1000s.
http://www.pennystockdream.com/Market-Maker-Signals
Let's see if chart can rebound here for the 'W'. MACD indicators nearly flipped, RSI oversold. If reversal comes, looking at .12 for confirmation. 200MA support is right around .05
Some positive news would go a long way to reverse/breakout past .12 towards .20+. Float is pretty tight as indicated by quick price movements on decent volume days. Seems like Eric is aware he needs to put something substantial out.
According to the records I found, looks like it was purchased in 2013. Manufacturing/warehouse location seems.
https://www.enrichedrealestate.com/580-E-CORPORATE-DR-MERIDIAN-ID-83642/WarehouseandStorage/MiniWarehouse/Id=202982323&searchId=da5679fc-d350-4489-aec9-1e9968e74650
Buy volume justtt eeked out Sell volume today
4,318,823 vs 4,011,293
https://ih.advfn.com/stock-market/USOTC/cerebain-biotech-pk-CBBT/trades?mode=html5
Chart looking like we're in limbo here...lost the support of the 20MA, and 50MA is all the way down at .08. Would have to be QUITE a dump to get there and I don't see that happening on this sort of low volume and an oversold RSI.
Holding pattern till news or indicators turn IMO. With news pending, looks like a nice time to catch some dips. Time to average up I guess!
I'm using the exact same argument you did. Can't have it both ways.
Wow, I know one too, you might've heard of him... Elon Musk
LOL, your arguments mean literally nothing.
Buys and Sells nearly equal
https://ih.advfn.com/stock-market/USOTC/cerebain-biotech-pk-CBBT/trades?mode=html5
Technically looking for a turnaround this week. MACD close to crossing signal line, oversold RSI, lost the 100MA support but 200MA is right around .05.
Any PR that reignites investor confidence should see stock back in the .12-.15 range very quickly IMO. We've seen how quickly the stock can move in either direction with high volume.
Piecing together statements from several press releases, it's pretty clear to me the synergy between PKG and CBBT will result in a multi-faceted company strategy--building on PKG's existing foundation. Based on the first excerpt below, PKG will continue business as usual, while adding a focus to Cerebain's Alzheimer's device. What is not clear is what other company partnerships will follow next. From the second excerpt below and based on hints from IR, PKG is just the first piece of the puzzle. This is also echoed in the press release from NMS Consulting, the third excerpt. And, of course, the added benefit for PKG is that they will become part of a public company.
https://finance.yahoo.com/news/pkg-inc-ceo-excited-potential-123000531.html
Yeah, unfortunately I think we're still experiencing some after-effects of "the higher you are, the harder you fall". And...based on many of the other tickers in my OTC watchlist, price action here in the past week or so hasn't been all that terrible in comparison.
I'm not going to try and call a bottom here, but I do think we've over-corrected to the downside. Would like to see it stabilize back to .15-.20. Based on how quickly this moves up or down on moderately-higher volume, float must be pretty tight.
I was somewhat disappointed to not get an update last week, especially since Eric's latest FB post was called 'Weekly update'. However, my hope is that realized they should wait until they have something substantial to say before putting out another update.
There are way too many positive signs here IMO, even though the acquisition has taken longer than Eric originally thought, to exit at this point:
- The continued presence of PKG throughout the process, even if it is just reposting Cerebain's updates on their social media pages, is very positive. IMHO PKG wants to be acquired very much...they're basically being paid to go public, while gaining access to Cerebain's Alzheimer technology. Win-win.
- NMS Consulting involvement
- No dilution
- Social media updates aren't great in my opinion. But...they are free and the past few years have set a precedent for them being an acceptable form of official communication. I mean, the United States government was pretty much run through Twitter for the past 4 years.
- Finally, acquisition is still WELL within a normal time frame. It's just unfortunate that Eric gave projected dates previously that were missed.
I'm simply viewing PPS from now until we get news on acquisition or filings as noise. Low volume price jockeying. I'm fortunate to have a very low long-term cost basis in my taxable account, however I have started building a small position in my IRA once we dropped below .10
I just have to shake my head whenever someone says 'deal must be off'. Literally no proof and they can only point to the lower price that day or maybe bring up another ticker that they were in years ago that had a deal fall through. So weird how I don't hear them say 'deal must be back on' when the share price rises...
Well if you pick a different starting point, say .001, then .07 doesn't sound so bad at all.
If you want to cherry-pick the high, then sure, .40 to .07 doesn't sound so great.
All a matter of perspective.
And it's really all just noise anyway until the acquisition or filings go through (or not, depending on your stance). That's when the rubber will meet the road. As I've said many times here, rise to .40+ was because of social media hype. The company was doing nothing to hype the stock--as evidenced by the ample amounts of whiners complaining about needing daily PR's. SMH
No losses to cut here, way up on this investment.
Can see right through you, sorry you have such terrible luck with stocks. Better luck next time.
LOL
SM said this would never go over a penny.
Who knows if he ever had shares, talked out both sides of his mouth.
LOL, might want to switch to Twitter or something. Don’t think anyone here has been taking you seriously for a while now.
Same old FUD day after day...
YAWN
And they just convinced PKG and NMS to go along with it? LOL, now that is too funny.
Sorry you've been duped before, never fun. Doesn't mean it's the same this time.
If they were running a scam and trying to hype up the stock, they haven't done a very good job...would've expected A LOT more PR's and we would've seen the company dumping shares. Share count updated daily and we know that's not the case.
Acquisition still WELL within a normal timeframe.
100% correct
Recent share price action can be tied directly to the over-hyping on Reddit, StockTwits, etc which led to MANY rookie 'traders' buying in near highs and selling for losses. (Believe me, I was briefly in a $CBBT telegram group that was so full of clueless people it was shocking.) The acquisition would've had to been announced during the run up or shortly after in order to avoid this decline.
The price is still WAYYY up this year from when the LOI was released. My original pre-acquisition target was .15-.20, so hype really has been the driver for this up-and-down rollercoaster ride. IMO we are now oversold and should get back into that .15-.20 range. We've all seen how quickly the stock can move (in both directions), so float must be pretty tight.
Everything that has changed materially since the stock printed a high has been positive news: more money invested into PKG and additional staff hired to work on filings. Everyone spouting negative comments can only point to two items:
1) PPS decline (proves nothing)
2) Late filings (not great--obviously--but that is OLD news and Cerebain has already stated they will be updated)
Has it taken longer than we would've liked? Of course. And that is frustrating, especially because Eric gave timelines in the past which were missed. I'm sure he has learned from those mistakes which is why he hasn't put out a new date. These deals often take MUCH longer than EITHER party would like...see my post last week (27271) for an example.
LOL. Eric is holding a pen.
Shareholders only got screwed if they bought high and sold low. Share price is still WAYYY up from LOI release.
More reassuring than if he were drawing up the contract documents
I can pick a timeframe too.
Up 350% in the past 3 months.
I’m betting on some sort of weekend news/update...they definitely a lot of precedent for those.
While not directly relevant to Cerebain, the following is very indicative of the amount of work and time involved to combine two companies.
Another company I'm following, NE*TE, today updated their shareholders on a reverse-merger that was initiated back in early August. They are STILL working through the agreement and it's STILL not done even though M*ullen is incurring a $13,333 late fee PER DAY because they are late on an SEC filing!
Links below FYI
https://finance.yahoo.com/news/net-element-enters-definitive-merger-124500751.html
https://finance.yahoo.com/news/net-element-releases-letter-shareholders-172500783.html
Haha, if you had taken his advice you probably would have sold all your shares when we hit a penny.
What SM did and said were two very different things IMO.
LOL, not to mention NMS Consulting...running the story on the AP news last year.
https://apnews.com/press-release/accesswire/business-government-business-and-finance-corporate-news-government-taxation-and-revenue-ownership-changes-f5a7942d61660d42d9f6c79a1a225cc6
Man, prices get really screwy at open and close. TDA just showed price below bid/ask spread for a while.
Anyone else see stuff like that? This morning in the first 5 minutes or so of trading, the volume was like a random number generator.
Don't forget the involvement of NMS consulting.
Well if I were them, I would've loaded up back in Sept/Oct. We had several trading days back then where volume was in the 100M range, so who's to say that some employees didn't snag a few mil?