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.
Promotions dont end like this. This has not gone nearly high enough before the real hammer comes down. Going reasonably higher ( 8-10 area) before the real fun starts. To quote the famous poster Sandman70000.....IMO
LMFAO
Why do you even have to think about it?
You are wrong. Any brokerage firm registered with the SEC can make markets in any stock they wish. No approval from the company is required or necessary.
A firm would use another firm to "hide" their intensions. In this case, nvestors would be less likely to show bids knowing that Maxim, who represents many ratchet warrant sellers is offering stock knowing the lage amount of ratchet warrants they control. These things happen often.
You win!!! I’m convinced. I’m selling all my FANG stocks and and putting it all in Pred. I had offered some poster Ryan R a few days ago all my 72,000 shs at 3.95. I now take back that offer and am going to st least double my position at these bargain prices. I just don’t want to be rich, I want to be really rich. Thanks for setting me straight and showing me the error of my ways. Good luck to us.
Can you tell me which employee who works for Pred has any medical background? Can you tell me one employee of Pred that has a financial background? I’m not talking about advisors but employees. Perhaps I am mistaken so can you please give me those names. Most all of the legitimate medical companies I have come across have may if not most of their senior management with experience in the medical field or senior financial expertise. I seemed to have missed this with Pred. Advisors advise but who are they advising? They do not make decisions. But maybe I just see differently.
Did u ever consider that Maxim gave their sell orders to Etrd and Nite to execute on their behalf. I’m sure you know that market makers work together on occasions. Just saying. Strange that given the bolume’ Maxim did not appear to participate based on the Level 2 yet the type of selling had the scent to me of ratchet shs being sold to some degree.
With news like that, you should consider mortgaging your house and cash in your life insurance and buy Pred. You’ll be rich. Rich and handsome. The daily double.
Interesting to note that Advisory boards have no management responsibilities nor liabilites. Often times, those with apparently impressive credentials, agree for some payment arrangment to allow their name to be associated with the company This would appear to give the company credibility. This is a routine play for a company in the midst of a promotion ( in some cases referred to as a pump and dump). What one should in fact be looking at is the management of the company, those with decision making responsibility. In the case of PRED, the is no one with any ability to run a medical company, No one with any medical background whatsoever nor any track record of running any sucessful company. Quite the contrary here. While this promotion has not yet run its course, for those expecting a 20, 30 or 40 dollar share price may be in for a rude awakening. I will quote the famous tag line of that impressive poster Sandman70000......IMO
One sure sign that a stock is being manipulated is the spread between bid and the offer. The spread in this stock should never be more that .05 if it was trading without influence. The spread in Pred has averaged about .10 or more. Just something to be aware of.
Unusual that a "trader" would have that many shs. There was never the volume to support a trader having that size position. You must be more an investor than trader.
IMO, the boys blew todays PR. You never make an announcement in the middle of the trading day unless it is so huge that trading must be halted. Not this announcement. Should have been made before market opening or after todays close. Give the boys a chance to talk it up and promote it. Didny happen and so you see the result of a mediocre PR. Basically very small volume and lots of air between 3.65 and 3.25. In fact todays volume was amemic. I feel there will be a lot of reassesment of how long it will take to make its next major move up and are investors too loaded up to want to wait?The crashing bond market should put pressure on stocks and if that happens, people will lighten up substantially on this. While still relatively positive, the potential for a short term upward thrust in price has in my opionion lost its glitter. We will now see how good the "boys" are in trying to hold this steady or trying to move it up. They did do a good job in the last 10 minutes of trading.
We should be hearing soon about another piece of amazing news to be released shortly in trying to drum up some buying interest. Thats just how the game is played. So far, everything on script.
No disagreement at all. Its just that I wouldnt classify this as "huge" news. It would appear that most players are about as long as they want to be. So I wonder where the next group of buyers are coming from to move this to the next level? We in fact probably need truly amazing news to bring them in. When that comes is anybody"s guess except for a few who seem to know a lot. By the way, what happened to Sandman 70000. Perhaps he is on the ELGL board. I'll have to check.
Perhaps my prints are slow but I don't see people rushing in to buy. Maybe waiting for next piece of news. Anemic volume. Oh well, we wait.
Thats the huge news???? Very disappointing IMO
Lets go BD. Lead us to Valhalla!
One must determine if they are a Trader or Investor. Two different animals. Your rule is for traders. Not everyone is a trader.
If I understand ur question correctly, no. The amount, price and terms of the offering are set and then purchases are made. The underwriter, in this case Maxim can purchase as much as they want of the offering, in some cases, All. Many times, the company (Provectus) is offered an over allotment if the offering is in great demand.
What I am saying is that I believe that Maxim as a firm (proprietary) as well as their clients participated in the offering that generated the ratchet shs. Remember it was Maxim the firm who sold Culpepper on the idea. The firm themselves purchased a large amount know how ridiculous the offering was. A Culpepper guvaway. We don’t know what portion of the ratchet shs are being sold by the customers of Maxim or Anaximander as a firm themselves.
Dumbest comment ever is someone saying “news is coming vey soon” and then add the caveat “IMO”. How ridiculous.
Show me your $3.95 bid for 72,000 and they may be yours.
Can you define very soon? Tomorrow, next week, next month, etc? How can you answer without having some insider information? You can’t. So how can you make your statement? You’re either guessing, hoping or praying. Or, maybe you are trading on insider info? By the way SM, my being positive or negative has no bearing how the stock performs. I am just commenting on all the surety of the events some posters believe are “baked in the pie”. Good luck and actually I hope you are correct in your pronastication.
By your post, you seem to indicate that Maxim, as a firm, is one seller. In addition to owning ratchet warrants as a firm, they are also representing many clients who own millions of warrants. These clients act independently from Maxim the firm. As a result, it is difficult to analyze what Maxims intentions truly are. Also be aware that market makers give orders to other market makers to “beard” their actions. It is quite possible and even quite likely that Nite and E Trade are representing Maxim at certain times of the day.
What happens if there is NO news? What happens if no news for a Month? Will there only be buying when people expect or get news? Is this stock purely news driven? Who is constantly pushing the notion that news is coming and why do they continue to beat that drum? So many questions.
Funny. I know some very smart people who are selling because of the excessive runup.
So is Thanksgiving. lol
Seems like some investors are getting squeeky cheeks.
To my understanding, hedge funds do not have “house” accounts. They must observe their charter rules and regulations with their money the same as their investors otherwise they would have the ability to trade against their investors. Furthermore, if in fact there is such a thing as House money, it would not be allowed to be segregated from other investors funds. I therefore believe you are totally incorrect.
The point I was trying to make soared way over your head. Has absolutely nothing with being or not being short. You just don’t understand but that doesn’t make you a bad guy. Good luck to us.
Happy G ....unable to send pm here or there. Got your message. We are on the same page on both. Riches await. Good luck and Happy New Year
There will be dilution not because of any large short position but because for the company to move forward, they need substantially more shs in the float. In the long run, this is a good thing. Short term, OUCH!
You’re right. Opinions mean nothing. Facts do. One fact is that if this is to become a substantial company, it will need institutional participation. For them to become involved, they will want reasonable size positions, no 30 40 or 50k shares but hundreds of thousands. A 9mm+ float won’t cut it. You can continue to live in your fantasy world if you chose but sooner than later you’re gonna get a hard dose of reality. Now that’s not an opinion, that’s a fact.
Yes we very well might. Realize that a large part of the reason for the rapid upward surge is not just the news and the promoting but the fact that the stock has such a small float. Stock moves up .20 on a 500 share trade. No imagine if the float were to double or triple or more. What effect would the same news have with a 30 or 40mm share float? Very little. Don’t bury your head in the sand. Yes, the stock is real and promising but the movements in price are totally exaggerated by the size of the current float. Wall Street and this stock are loaded with some questionable players. Sorry to burst your bubble.
Hope ur correct. What I worry about is management selling some of their 180mm in an offering and increasing the float. They could easily offer 10 or 20mm shs which would increase the float dramatically and have an extremely negative impact on so. However, I wouldn’t expect that before we are listed on Nasdaq and therefore the price should go to above $4 at least before they would consider that if they are smart. JMO
A $30 sp values the company at $5.7 Billion. I don’t think so. ??
There are about 191mm shs o/s. The float is about 9.5 mm. That is a major discrepancy. Who owns the approx 180mm shs not in the float? Seems the potential of something bad happening. Anybody have any thoughts. Are we seeing irrational exuberance in the share price? Please convince me we are not.
The “double counting” that occurs in some of the trade reporting skewers the appearance of the amount or percentage of shares actually being shorted. Just something to consider.
As a former Market Maker myself for a major wire house, I can say categorically that doesn’t know dick about how market makers operate, transact or represent orders. He totally talks out of his ass. Eom
Glass purchase was first clue. Next clue on the horizon. Appears Maxm wants to exercise some warrants at .075. He has a boatload but some interesting (not small and savvy) buyers will be chipping away.