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purchased as A stock, not common stock, not converted.
This action was done in the last quarter, so we wont know until the EOY report. I think it'd be pretty funny if they just bought majority and just diluted all the other preferred shares so they would have control and wouldn't let an old bag holder come in and try and steal all their stuff.
Just to be clear 134m perf a, 10m pref b and 30m pref c, all announced in october.
Float is 215m as there are 170m preferred shares...
Board members have to declare their stock moves before hand, and considering it moved up with 80 million volume in the first NIH grant, who knows how the market will react to it. Yes technically it would readjust the market cap and stuff and that would indicate it going down, but why would they do that so early into a company who is planning to go to trial early and mid next year? Even if you think this is a pump and dump, it's still going to be pumping until December, and by then we will have news about university partners who are conducting the trial and more clear news about funding.
It was issued in November, but was declared in October, as far as i know they have made no public comment on it. My assumption is because it is preferred stock, it correlates to when they brought on the tax guy to the board for the audit committee, so I assume they just assumed the "services" were adding him to the board, along with stock for the other board members. I may be mistaken, but I don't know who would work for so little money. We will find out when they have to declare who has at least a 5% membership in about 8 days when their quarterly report comes out.
The issuing is already part of the share structure, if you look at the amended articles of incorporation...
I look forward to it to go to 20 cents on monday, thanks for the heads up.
They were never added, as far as im concerned the previous number was just wrong because otcmarkets didn't even finish processing and adding it to the financials till mid January, which is why the 30 million they said they added, got added to the SS on the site... It all adds up.
It was at the end of their last filing, "in exchange for services," which to me reads that when they brought the tax guy on board, they paid him in stock. Prolly the last board member before things go down and they get real funding, so no need to worry.
not on FINRA's site yet https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes so its not complete.
VWAP close to 9 cents, hype
this could very well go up again tomorrow since there's still a lot of news on the table they could release (like the stock symbol/name change)
I'd be happy with an uplifting to otcbb
agreed, esp if threeflights was right and we get the name change tomorrow, we could see possible funding details monday.
name and symbol
Another company that I looked up took 2 months and 17 days for a full name change (about 2 weeks ago), which would put CTYX's name change this friday!
I mean none of it went into float so I'm not worried.
If they have so much money why did they change their SS to to add in 40 million shares updated by https://www.otcmarkets.com/stock/CTYX/security today.
where is the number in "Major non dilutive financing up to $100 M" coming from? Your loose contact? As far as I know this number isn't public unless I'm mistaken.
I assume you mean .1?
They don't know when the symbol change will be, but it will be soon. Other companies who have filed in early november got their symbol changed last week so if they don't get it tomorrow, def next week. Also remember they did buy curativebiotechnology.com on november 11th, so when that site goes live we know shits going down.
I mean it has been months, the name change was announced in November, and I'm sure they filed some time before then.
Volume doesn't match this theory
is there news or smth?
New partnership with Access Hope CRO and an updated website! Where's the PR!?
Website down, hopefully this means they're ready to go to http://curativebiotechnology.com soon.
happy new year
It seems they've updated their server to have cloudflare. I don't know who would be ddos'ing them but at least they're making improvements.
http://connectyx.com is down as of right now, http://curativebiotechnology.com still does not have its A record redirected.
its a problem of looking at relative volume opposed to absolute volume. Yes what you're both saying is technically true, but people who wanted to take their profits already took them, no one really has a reason to sell unless they really need to so all the sells are people liquidating it at cheaper prices because they can't hold or feel they can make more elsewhere, and since not many people believe that, it's almost always below 2 million volume unless news happens.
heavy down volume? when PRs come out this stock goes anywhere from 10m to 80m in volume, we are barely hitting 2m some of these days.
been up for a few weeks now
this year im thankful for CTYX soon to be CURB
I do think that's rational enough that I'm keeping my money in, but there could be something were missing that makes that last part not true.
I meant if they decided to do an RM into summed, I doubt if we do get shares into his personal private advisory company it would be that much. That being said I don't think that's the most likely scenario so I'm still holding.
PR around 11 maybe? Does this also mean that there's a chance this ticker gets dissolved and we all get next to nothing (par value of .0001)?
Significant dilution is a bit harsh, especially since its only of preferred stocks not common stocks.
I wonder why this was taken down? Accidently released too soon? Full PR tomorrow acknowledging the governance part of this company?