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A private placement at a premium would be fantastic. I’ve just never seen it before. Covid just really hurt us all here short term. We’d all be better served to stop watching for a bit at this point I think. The company isn’t negotiating with much leverage.
The new investors are a private placement. The money from those shares go directly to the company. I can’t imagine it being any other way. Probably at a 20% discount and all restricted. An instant cash infusion with no immediate dilution. That’s how it should go anyhow.
Like you said we will have to wait and see. I have averaged down at these prices but I also have to look at this from both sides. The silent treatment in a public company usually doesn’t scream awesome news is coming.
I don’t want this to be the case but I’ve seen more then once, companies go delinquent to stop note conversions. Two that I know of very recently are PCTL and VSYM. No conversions while delinquent and then dilution starts when current.
I think these guys went dark to stop dilution and try to come up with alternative funding.
I agree. Most times that I’ve lost in an investment, looking back, there has been at least one huge red flag. There’s definitely more then a couple here.
Any Chinese investors buying “new shares” as they said will most definitely be restricted.
They aren’t going out looking for more toxic financing that alone is a positive for current holders.
And then it filled. Good for me lol
My 50k bid at .0159 moved filled for 10k and ask jumped to .0174. She’s thin.
I also wonder if they are maybe selling some shares (not issuing) and using the proceeds for their investment into the interior design company.
Since Covid has obviously had a negative short term impact on revenue and profitability this seems like a likely scenario.
I’ve seen the held at DTC numbers wrong before. I’m not suggesting anything nefarious. There is 100% wash trading and manipulation happening.
We know 40m hit the float (not the OS) from Q1 to Q2. What I am suggesting is that when Q3 comes out we may see something similar.
Whoever is manipulating this knew when to start and they couldn’t of done this with an already locked float.
Ya I think the float is larger then 160m but the big thing is the OS is unchanged. It really only creates more liquidity in the in the stock if a >5% holder is selling a few. It doesn’t dilute the companies worth.
So for now, some of us are lucky enough to buy these shares at an artificially depressed SP. I mean what good is it to have a public company and no liquidity.
Things will heat up real soon imo.
What’s the latest here on seed bank approval?
This run takes us over .10 imo. Was higher not longer ago. You’re right there are very smart, strong hands holding these shares.
Absolutely man. Loving it.
This will get people talking about us. Too bad for them the shares are all locked up. :)
Watch and eat popcorn eh. Well, have fun with that. What’s a message board without “that guy” anyhow.
Follow the filings. It’s easy to see where some of selling has come from. Then throw wash trading on top of that and you have your answer.
You either get in before a run or you chase a run on the way up. If you prefer to chase I hope for your sake you’re quick.
For sure, added more today at .0065. I’m red in this play right now but there is a big turn around coming here. Imo
Ya any buying pressure and we are there. Updates coming this month. Imo.
Jmho, you may want to pull that trigger soon.
Some serious manipulation going on imo. Such a low float it doesn’t take much.
This is screaming that a huge bounce is coming. Getting close.
Anyone who cant see this is the beginning of dramatic reversal should quit stocks. Imo
Added more today. Anyone saying this isn’t a strong buy are just looking for attention.
What is a kantan creature?
I get a response to every email I send. Most of it depends on what/how you are asking imo. Those ones saying this company won’t respond to emails are people who have never attempted to reach out. Imo
This is an easy buy and hold. Or at least it is for me. They really put a rush on getting current.
60% of yearly sales goal already achieved. Company is talking with banks and investors (not talking to toxic lenders). Hmmm I wonder why banks are negotiating with us...must be because we are almost bankrupt right? No, not the case. Revenue has been collected in bank notes due to COVID. This cash will be on the books in time.
Since are this low if you guys could keep selling at a loss I’d love to buy a whack at .004 or even .003. Crazy crazy sellers.
You said this was a 7 year hold or something a while back did you not?
Good to hear. I think people are misreading the 60% sales. They wouldn’t of PRd that if it didn’t mean 60% of projected yearly. Imo
Sarcasm? The action today sucks that’s for sure.
Bank funds, Chinese investors and millions in revenues. Obviously not looking for toxic funding. Sounds good to me.
Anxious to hear more news on this
Oh I agree 100%. The 14d RSI isn’t even at 80% until .11+
I seen that but seen the Unrestricted is 160m. If it is 120m we are even closer to a locked float imo. I doubt many people buying in the .02s are going to let them go any time soon seeing as how we are so undervalued.
40m in volume and float is 120-160m. The next legs up are going to way more aggressive then today was.
They are all going to be paying substantially more in the morning imo.
Not much chatter.
Agree with you there, could be quite the ride up.