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No sell pressure which is good but no buy pressure either so we're in a standoff until news.
Right, but will those preferred shares be distributed to common shareholders, and even if they are will they be worth anything? The jury is still out and I'll believe it when I see it.
lol that's not what the legislation says. If a Chinese company refuses 3 requests for an audit over a 3 year period they can be delisted. Stop posting fake news!
Nobody wants 330K shares at a nice discounted price of .0239? Interesting considering there's a mega-merger coming and these shares are a steal.
Don't let the facts get in the way of the hype. Now let's hear the counter-argument as to why that's not really dilution.
That's what I thought, you were wrong there's no 8-K showing MSSV acquired LAHO
doog do you have a link to the last accurate financials for PASO? I looked at a few different sites and there was conflicting info and numbers. Thanks for your help.
Please post the part of the 8-K that shows MSSV owns LAHO. The 8-K's I've read refer only to the assignment of the LOI and the preferred shares as consideration. Thanks.
This simply isn't true, MSSV does not "own" LAHO.
TA means sh*t right now because PASO is theoretically entering into an LOI next week. News and pending news trumps TA.
Hopefully you're right, but that's what everyone said about *LAHO (friends and family loading) and we got burned badly. The fact the price hasn't cratered is why I'm 50/50, but I'm also 50/50 because the price hasn't taken off with so much buy pressure (because there's obvious sell pressure also).
Exactly, so why?
Right, I've never bought into the "channel flipping" theory, and why would we see big selling now if it's not? Makes no sense to me and been burned way too many times on these types of deals over the years, hopefully this one is different. I'm still 50/50 has I've posted many times recently so I'm not convinced one way or the other.
So are many still subscribing to the theory that the "channel flippers" were flipping today, because if they were they were getting out as fast as they can in the afternoon? The price has held a steady range the past few days and there simply weren't enough opportunities to buy low and sell high with the kind of volume we saw, unless they were willing to lose money.
I hope I'm wrong but something just doesn't smell right, and if I'm right I hope it's just another delay which is understandable.
No I don't expect them to but Janet's post makes it seem like it was a joint PR and it wasn't.
LAHO didn't announce anything nor were they mentioned in this PR, and they didn't post it to their website. Before we get all excited that we might get something back, let's remember who we're dealing with. The odds are still well stacked against us.
1m shares on the ask again but it's just traders playing games. Yeah ok.
That's an assumption being touted on this board, not a fact. Not saying it's a wrong assumption, but it's not proven and I'm not convinced.
The problem is it's not just one 500k block, there have been many holding this down over the past few weeks
Doc, I don't like the response at all, way too much ambiguity and that 3 billion shares for "M&A" may or may not be for M&A, but we'll see what happens.
No worries, I think all the DD that can be done has been done, now it's just a waiting game for some positive news especially regarding the debt.
Sponsored research is worthless
I agree, have a nice weekend
Just out of curiosity, not saying this will happen, but what are the predictions if:
1. PASO announces another delay, or
2. May 29th comes and goes without any word from the company
I'm ok with #1, we're living in an upside down world right now and delays are expected.
I'm not ok with #2, especially since they didn't follow up on the April 17th PR as they said they would (even if just to say they haven't finalized the details).
Late Friday dump of a lot of shares what's up with that
KWBT needs to hold that .018 support. Silence is not golden in the OTC!
Not really, someone bought 17k shares at the ask. The spread is so big it can be up 50% if you paint the tape or down 50% if someone hits the bid. Nothing has changed here.
But if these "channel traders" have been making money on PASO all this time, and here we are 2 weeks max before the "big news" (or earlier as stated in the PR), why take the chance of losing those shares if they really believe this is going to happen and the stock will make a huge run?
Thanks for addressing my points with your opinions. Interested to see your response to others who are concerned.
lol we aren't bickering, just clarifying for everyone's benefit. We're on the same side I just have questions since they didn't announce Gonzalez's move nor did they follow up on the PR from the 17th as they said they would. They could just say they're still working on it but not even a tweet to ease concerns. Hence why my caution meter changed from his 95/5 to 50/50 and I hope I'm the one who is wrong.
1. I never said it was dilution, I said shares continue to hit the market (be sold) which is true whether it's Alpine or not.
2. What does FINRA have to do with the dividend at this point, PASO hasn't even said how to qualify for it which was the point in their PR that they were going to clarify a week later?
3. 50/50 is my opinion only, 95/5 is yours and you certainly have done a great job with your DD. I hope you're right, but I got badly burned with another stock in a similar situation just a few months ago so I'm more cautious than I used to be (you don't have the name "RoagTrader" because you're a conservative player lol).
4. What's your take on Gonzalez leaving for SiriusIQ? Assuming they're one of the partners in the merger then that would be a positive, but then the skeptic in me looks at the flip side.
Thanks for your input, I respect the work you've done here whether or not we agree on some of these "red flags" and do hope this happens.
I agree this is why we bought in but you can't discount the red flags either. Insiders buy their company stock all the time and things happen especially now when the world is upside down.
The fact they've gone completely silent since April 17th, didn't put out the dividend details as promised, shares continuing to hit the market, and Gonzalez joining SiriusIQ has to be factored in. LIke I said yesterday no one can say there's zero risk here, there's no such thing with any stock whether OTC or NYSE.
No doubt and that's what gives me hope along with the insider buys and SiriusIQ's involvement. But my point is that $18 million in shares were lost when *LAHO got suspended, so the fact we're seeing big retail buys doesn't mean much to me by itself.
I agree, I'm just saying that those stating there is zero risk here are incorrect. Good luck to all.
I've been doing this for over 25 years, nothing surprises me and nothing is guaranteed. I hope for the best and have been encouraged by the involvement of SiriusIQ and the insider buying, but there are emerging red flags that are now cause for some concern. If you accept everything as Gospel and that things can't turn for the worst quickly again read the *LAHO board.
Anyway, we'll all know soon.
As I've said, I'm 50/50 on whether this PASO deal is legit or not, but if you can't imagine anyone putting up 36k for a complete scam look no further than the *LAHO board, a lot of shareholders lost more than that, much more.
Hopefully we'll get some clarity here by next week.
I found it, he has it under Joseph G.
https://www.linkedin.com/in/joseph-g-48344352/
According to his LinkedIn which now appears to be deleted he joined SiriusIQ last month
Gonzalez leaves with no announcement, dividend news never comes as stated in the April 17th PR, shares keep hitting the market, etc. Something doesn't smell right. I hope I'm wrong because I still hold some shares and would love to see this merger go through, but so many red flags and today we get another.
Doc, I agree, it looks strong and if that big bid at .019 doesn't get filled it'll be another good sign.