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I do not see how this is remotely related to CCTC...
Got short again at 3.05
Covered for a quick 20%.... Would have done better buying in the low 1.30's but I passed so at least I made something today...
Managed to get short in the $3.50 + range ...
There is an outside chance this is sub 1.00 by close today... That would be something if he an announced another R/S after close
That doesn't even make sense... GE does R/S because he owns almost no common shares just the preferred shares with Xtra voting power and a R/S doesn't hurt him financially... He isn't concerned if MS buys any amount of shares he will continue to be able to out vote any activist investor there may be... Hence why none have bought a large stake and ousted him as CEO ...
You will see you are wrong in the morning...
Nah the PR says at the open July 21st... So tomorrow morning it is on their website under investor relations
Probably the only way you will make money off those shares
If that's the case I would anticipate a sub 2.00 close of Friday unless they have some sort of 6k out with the split (maybe announce an early end to Kalani dilution...lol yeah right) that keeps people from shorting this sucker to the dirt
I'm sure the people short feel very squeezed right now
You are going to regret that purchase soon enough... Maybe it works out well if you do a quick flip...
Sure it is .....
And it is suckers like this guy that just keep buying shares
Desperate times call for desperate tweets apparently
Sub $0.50 in after hours trading.... I wonder if this will break sub $0.40 before the R/S takes affect ... The way this thing is falling it could be sub $3.00 after the R/S takes place
I don't have the stomach for shorting penny stocks that could bounce on any news including this one... It's beyond my risk profile... at least being long I know exactly what I stand to lose...
That shipping stock you mentioned on the other hand... I love them I have made a not so small fortune with that one since February ... Will try and get short again on the 21st ...
I would venture to say most OTC stocks are better than this stock...
Of course GE has set the bar lower than most ... Lower than I can recall in recent memory...
It tends to drop around 40% that first day of trading after the R/S then 10-15% daily for a few days... then it has a small positive day and everyone rushes in for the next few days of back to down 10-15% a day all the while Kalani sells millions of shares...
If they announce an end to the Kalani deal the morning the R/S takes effect the PPS would jump substantially...
I doubt they will but if they did it would be an interesting morning
To be honest I am not 100% sure if they record it in the open or close on that date... Someone else probably knows that better than I
It looks to be around a .06?(.06? because it depends on the number of shares outstanding tomorrow at the close) payable to the share holders of record on the July 20 close
He isn't claiming he got permission at the May 2nd annual meeting ... He did get permission as it clearly stated in the PR... "to effect one or more reverse stock splits of the Company's common shares at the ratio of not less than 1 to 2 and not more than 1 to 1000, inclusive,
with the exact ratio to be set at a whole number within this range to be determined by the Company's Board of Directors at a later date... There is a little more to it than what I quoted but go-to the May 2nd PR and read item #3... In layman's terms it gave the company authority to do as many R/S as the Board of Directors deems is necessary at a price to be determined later by the Board of Directors
As for they wouldn't dare do it again... People been screaming that all last week and the prior week and the prior and right before the last R/S when the first law suit was filed... He will continue until a court or regulatory authority makes him stop...
Well the next Reverse Split is here and Kalani is still selling...
Better luck on your next investment...
You want to edit your opinion?
Oh man.... So much for all those people who were screaming they can't reverse split or won't while being sued... Ouch!
Yeah all that is fine and dandy until the CEO sells shares at $0.87 like he did last week.... If he doesn't think the company is worth more why should anyone else?
Until the next R/S and you have next to none.... Great work
Lols
I don't disagree that IF those things happen they will have revenue... I just don't believe any of those things will happen... They haven't even started the additional testing yet as per their pumpcast last week... Like I said IF it happens at all I don't expect it until 2nd quarter 2018... Mainly because if they haven't even started the additional tests they PR'd months ago the time frame on the testing along with analyzing the results puts us into late fall... And late fall in Wyoming isn't when groundbreaking on new construction tend to happen... By Nov. it will be to cold to pour concrete unless you pay the extra expenses involved with heating the ground so it can cure properly... It stays this way until March... So like I said I expect 2nd Quarter 2018 to be the earliest... Hope I am wrong and it happens sooner, but history tells me IF it happens it will be much later than CCTC'S original estimate
They don't put out daily 6ks when selling... There will be a 6k with the higher OS by Friday detailing how many shares Kalani sold
Exactly...
There won't be revenue here in 2017 ... At least I do not see a path to revenue this year ... Maybe in 2nd quarter 2018(when I anticipate they will actually run the second round of tests they keep PRing about) ... But who knows maybe they will finally get there act together and keep a deadline/self PR'd timeline for a change ...
Ah yes I am sure the people who are short are feeling squeezed by today's PPS drop....
I thought today was the day for a multi-bagger in the positive direction?
Looks like Kalani is moving alot of shares again today...
Geographically it also stretches into South Eastern Montana ... All the way North to the Powder River... I hunt Antelope on BLM land near a little town called Colstrip (you can guess what they do there) ... PRB isn't just for coal anymore though as tens of thousands of natural gas and oil wells are producing there as well now... They have thousands of miles of piping to extract coalbed methane and the Salt Creek Oil Field is located there as well... PRB region as a whole is the 3rd largest source of natural gas in the United States...Antelope out number people in this area just as a fun fact there the population density is insanely low
No it isn't... The judge denied the TRO and the case will be heard early next week... Dilution is not over unless the court rules in their favor against DRYS... Which doesn't look very likely
Lol...
I think he will continue to do what he has been doing... Dilute the stock until he needs another R/S to finish his Kalani offering...
What he does after that is an interesting question... Because if he ever does stop the dilution then the stock will finally go up, but if he continues to sell shares daily at below market prices it will continue to suck the money from long investors pockets.
I do not believe he shorted his own stock.
I do believe all of you people who post about fundamentals and charts and what gap it will fill and what the BV of the company is will continue to lose money here because none of that matters when the CEO is willing to sell shares at multiples below it.
If and when dilution stops DRYS could rise substantially I completely agree with that... Which is why I covered my shorts... Basically wasn't willing to risk the lawsuit stopping dilution and wiping out current profits or possible past ones as well...
Good luck to all of you longs... I happen to think your 1 R/S early but time will tell that one...
He already had shareholder approval for as many reverse splits as he cares to do as per the May 2nd 2017 annual shareholder meeting.
Read the filing: "the approval of one or more amendments to the company's Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company's issued common shares..."
DRYS had roughly 26,600,000 shares as of last Friday or 1 week ago today... As of the 6k a few minutes ago DRYS now has 35,699,000 shares for roughly 9,100,000 shares of dilution this past week... Even with a lawsuit pending they didn't slow down one bit...
That's a roughly 35% increase in shares in a week and people wonder why the PPS just goes down... In all honesty I am surprised the PPS held up so well this week under that kind of pressure...
I was wrong on my R/S prediction for the day but absolutely spot on with the continued dilution prediction...
Reverse Split announcement coming in an hour or so along with an update on how many more millions of shares were issued this week...
There are many companies that list on major exchanges with out having profit or revenue so I don't know where you are getting that idea from... Snapchat is a great example of a Nasdaq listed company that has never made a profit... As for no revenue companies just start looking at early stages Biotechs listed on Nasdaq, NYSE, etc etc there are tons of them...
The Kalani dilution has been constant and there will for sure be an increase in shares announced today, however the R/S is debatable I will give you that... Like I said yesterday if no R/S tonight I may take a long position after hours or pre market Monday....
I don't believe for one second the GE is afraid of doing a R/S because of a court case...