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Looks like it might have been a technical bounce.
Then more people because of FOMO.
I bought $0.28s and sold $0.32s the same day.
Might see some continuation tomorrow, but if there is a lot of people stuck, they will start coming out.
Close to 15% for me in half a day.
Looking for the next one.
It's what Oracle wants ....
If Oracle was buying this .... why are we still below $0.03 ?
Probably because they are a service provider (ERP Software) and in the future will be a creditor.
They provide ERP software to many companies.
BioAmber is more than likely one.
Don't spread this kind of False information.
Bidders don't have to apply to receive court documents.
Come on guys.
Oracle makes ERP software.
I know most of you are used to dealing with companies based in fiction, but real companies utilize ERP software to track inventory and other things that actually exist.
If Oracle was interested in the assets and made an offer, they wouldn't need to petition to receive documents regarding the process from some judge. They would already be included.
The bidders do not have to come forward publicly.
People should calm down. If you can't sleep at night, you own too many shares. You should sell down to where you cann sleep.
The parade of those who sold begins.
What happened about $0.06 ?
It was up more than 50% earlier in the day.
Lots of people who bought below $0.01 bolted.
Always have a trading position that you add or take away with when it it pops.
The stock nearly jumped 50% at open.
Given that the stock was under $0.01 for a good amount of time, it was an easy stock to jump down on.
A few people have disappeared that were here under $0.01
Pretty easy to see that they got shook out.
I don't care if Clay is Evil. The same patterns happen all the time. Trade them.
It's actually less of a short problem and more the fact that more people day trade OTC stocks for a living.
ASCM core business is helping smaller companies that do ATM offerings.
It's not likely that they will go out of business any time soon.
They already covered.
Someone with a lot shares panicked when it dipped.
You can speculate who it was ... But it doesn't matter, they did it.
If you are lucky, they will post later trying to save us all.
Or use another account to do it. Yeah, it happens.
Pretty obvious the MMs would shake the tree when it looked to be gapping almost 50% at open.
That's why you Hold a core and trade the rest.
I suspect a lot do this, they just don't say it.
And now the CEO of McAffee is running this in his spare time.
Sure. Why not? Run a Billion Dollar company during the day and then in his spare time run a triple zero company.
Seems legit.
Nice pump.
McAffee has been talking about going public.
I am sure that a triple zero stock is the perfect vehicle for a Multi-Billion Dollar company to go public.
Pretty sure that's the dream of every CEO ....
To see their stock go from literally $0 so they can have options at $0.0001
LOL.
All the people who sold end of day Friday are being real quiet as the early Level II data shows a big gap.
This has to be a troll, right?
I mean ..... has no one done a little digging?
Sure this isn't $0.88 good.
But still a decent return from here.
Any discussion on the valuation of the NOLs?
That pwc report is tasty.
Fair market value on the plant of $70 million
Inventory $3.6 Million.
Cash $3.6 Million.
A/R of $2.3 Million.
This is $79.5 million.
This doesn't include any value on the NOLs.
Let's just put a value of $0 for now.
Given that total debt is roughly $60 million, this implies a fair value (to shareholders) of $19.5 million.
Given their is 129.5 million shares outstanding, this implies a value of $0.15 per share.
And this places a value of $0 on the NOLs.
Given that there is still a healthy asset, let's just say that the NOLs probably have a value higher than $0.
75% off the table when it's at $0.40 seems logical and reasonable with plenty of math to back it up.
Needs more lucky numbers.
Try $8,888.8888
When your broker says the price is to far off the recent price ... call in and tell them that you know they are short.
Record their reaction and then post online.
Win iHub for the day.
A lot of Chinese stocks have gone for a run recently.
25% gain is good either way.
But, still feel it could have been better if they PR's results.
My favorite strategy for big boards hasn't done the best this week.
At least with this doing nicely, the week doesn't look that bad.
HMNY has been a big POS. I feel like some people are too far underwater. Should have planned to take that 5 or 10% haircut. Instead they have a 50% one and think it;s just about ready to turn. It has to. HAHA ... yeah, that's just gambling.
Just an FYI.
2 Rumors being floated around:
1. IR Firm has been contracted by SBES
2. SBES may have a new drink linked to the MJ industry.
Neither has been confirmed at this point. Just letting people know what is circulating.
Seems like the overhang is gone?
Disappointed that no one confirmed this.
Keep it on watch for now.
Not 100% confirmed as of yet.
But has the company hired an IR firm?
Might get interesting if they have.
When news hits this will fly.
Some posters like to talk down something and once it goes down they somehow become bullish.
Any comment on that?
Was able to do a quick flip on some.
Will wait and see if they try and flush retail down the toilet.
But not sure if this will hit $0.50s this morning ...
Institutions will bounce it so that they can sell and retail gets stuck.
Pretty decent bid at $0.75 and seems to be building some interest at $0.85
Most have promos going on for a couple of weeks prior to getting delisted.
No promo here ... yet.
They halt stocks with 2 years of delinquency.
See the Grey Fox. No quarterlies since 2016.
Strange that the savior comes after there is no 1s available immediately on the ask. Coincidence?
I am pretty sure that at least one of the individuals who reported ownership has taken over assets that were in bankruptcy.
It is unlikely that the creditors want to run the operation on their own and will install someone to do it.
Just letting you know.
Decent flips for now.
Today's bounce seems more like short covering.
Interesting that the stock bounced a little.
Was it just short covering though?
Small trading position here. Market seems skittish on it, so not feeling comfortable adding.
10-15% flips are decent.
Might lose out on a big run though. That's just how things go.
How many delinquent filers have they let R/S in 2018?
Not saying this is the best thing out there.
You just need to consider that they have really cracked down on letting delinquent stocks R/S shareholders away.
Loading Wall getting breached.
We will find out if it is someone here because they will tell is this is a POS once they are out.
Hmmm ....
Pretty sure that FINRA doesn't let delinquent filers complete an R/S ....
I am mainly posting because the otc website says there is 0 outstanding shares. That's a pretty tight float!
You can read the link.
Company seems to be saying that beyond being a public shell, there is no assets.
Just an FYI.
The company went BK on May 31.
https://www.inforuptcy.com/filings/debke_173384-1-18-bk-11316-rosetta-genomics-inc
This guy has unlimited shares selling all of them every time.
Must be nice to be right and have an unlimited amount of shares and sometimes none. Depending on the mood.
Looks like the float may be locked.
Good times.
Here's the thing though:
Why mention Windstream at all in the recent White Paper if they plan to just walk away?
If you were the government and saw that's how you treated original investors, would you be willing to give the company $100 million?
A public vehicle such as Windstream would allow your company to get some cheerleaders and would help to get the name and product out there.
The company can spend all the money they want on news releases, but if people are not talking about the company .... then it is wasted resources.