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Yea. Tom Nelson finally reached out to me. Made several attempts to get in touch with him before they announced this and it was radio silence. I knew they were diluting this company based on the previous share structure. Now, it’s damage control. Investor confidence is at an all time low after a dilution move.
Moving down you mean?
Hey I'd love to hear some good news I'm skeptical it'll negate the news we saw yesterday though, that torpedoed any momentum for a long while
Yea it's just getting worse too, MM's are back to officially nail the coffin shut
just like yesterday, before the big drop, the board got very quiet, trading activity slowed way down....uh oh....
and what stock was that?
I can't believe this is preparing to test lower support levels, wow.
low volume because no one is buying. adding shares spooked everyone and they didn't release any news to ease concerns. plus I don't know if you noticed but the float got higher yesterday.
the CFO talked about it on the conference call, they're clearly issuing more adding shares.
The market has clearly shown it doesn't care about whatever this company is doing in the Dominican Republic or any foreign country for that matter. The market wants to see the FDA approval Escozine as a IND and start clinical trials in the US. That would really drive up buying pressure. Otherwise this stock is going to meander around in single digit penny land forever, they'll keep diluting and paying themselves with notes.
......it's been going down for weeks, yesterday was a bloodbath.
oh here comes more selling
Almost no volume to start the day.
No they didn’t have to add shares, the hostile takeover bit is nonsense, and I guarantee they are adding more to cover their many note holders
They said they filed the application back in March, should have taken 30 days to announce they would start clinical trials. Then they said in April they submitted more data to the FDA, so there were obviously issues with their initial application. Another 30 days went by, no update. Now they say it’ll be June 15. Kicking the can down the road. Meanwhile adding more shares and dropping the PPS. At this point I’m honestly wondering if they even filed. I’m going to try to contact the CDER and at least see if they can confirm they even submitted anything.
No they aren’t. Fake news. Prove it with something in writing.
I will offer one last bit of optimism. This stock bounced hard off the main trend line today. Sometimes that can indicate a sharp recovery even past previous resistance levels.
Yes I sold shares this morning at .06 during the panic drop. But I still have a little less than half my original holding. Waiting to see if I should re-enter much lower or if it will recover. It's called hedging a bet.
hitting resistance at .059. I could see a squeeze tomorrow though. Hopefully for all our sakes. Problem is we might see a lot of short selling after this debacle today.
I also called this share increase. I was sketched out by this stock for awhile. Thankfully I was able to dump shares over .06 before I really lost my shirt.
they could definitely be lying to you, today was a SKETCHY move. no one can deny that.
winner winner chicken dinner
It was thin AF this morning when it was hanging around .08
Any chart experts out there? This touched the main trend line on the drop today.
bots are back flipping it on 8500 share trades
I think many of us would take my prediction right now after the beating this just took.
Well it's a dark day here. I hope we see bluer skies soon. Shareholders lost a lot of money today.
People saw 100m added shares and immediately thought dilution. That's honestly what it looks like on the surface. No wonder Tom Nelson wouldn't respond to me, no wonder the CFO punted that question on the conference call so hard that the ball left the stadium. Red flags galore today.
So roll call, who is still in? I dumped a chunk of my shares at .06 when it bounced off the initial fall. I’m going to consider re-entry at .02-.03
They all scammed us. It’s clear and obvious. I was banging the table asking for a share count update, no response. Nothing. Well those of you who wanted it in writing, there it is.
Announced a R/S. It’s done.
How low can it go?
Well guys I called it. Tom Nelson didn’t respond because I was right. Diluted pig right here.
Wow.
I am liking the buying going on at .08 right now, very nice.
The lady in the ABC story, Peggy Howe, died in 2014 unfortunately. However it does look like perhaps Escozine prolonged her life during her battle with cancer since the ABC story was in 2012.
https://www.legacy.com/obituaries/cjonline/obituary.aspx?n=peggy-howe&pid=171331620&fhid=4958
Like I said, I sell portions of my shares during pops and profit-take. But mostly I have just turned around and bought more shares when the price has come down.
I have been profit taking but I have not moved my profits anywhere but into more QNTA. I believe in what the company itself is doing and think there is serious long term potential. I am planning to hold a large number of shares long term. But during pops, I sell portions of my shares.
But I have questions about their financial situation and how they are managing the OS count and notes. I have voiced my concerns on this board and asked for answers from their Investor Relations rep (who the company itself directed investors to) and have not heard anything back. So that lack of transparency does concern me.
Volume has almost completely dried up. Hoping things get tight and we see a pop. But we need buying pressure to return which we haven't seen in a few weeks.
Where do we close today? My guess is .065