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Note 7: When the Company enters into convertible notes, some of which contain, predominantly, fixed rate conversion features (See Note 5 for conversion terms), whereby the outstanding principal and accrued interest may be converted by the holder, into common shares at a fixed discount to the market price of the common stock at the time of conversion. This results in a fair value of the convertible note being equal to a fixed monetary amount. The Company records the convertible note liability at its fixed monetary amount by measuring and recording a put premium on the consolidated balance sheets, as applicable, on the note date with a charge to interest expense. The put premiums are expensed on issuance of the debt with the liability released to additional paid in capital on conversion of the principal.
https://www.otcmarkets.com/filing/html?id=17073950&guid=kdJ-kHuX-ElEdth#F10Q0923_BOWMOINC_HTM_a_009
OTCN spent most of the day Off Field, plotting a sneak attack. lol
I'm wondering, if the Toxic Guys don't have a clause stating, if they don't clear a certain percentage, BOMO has to kick in more shares, allowing them to dump lower???
EOY tax sell going into effect? Not many 8's on the Bid so far.
While Dixon plays, the stock strays.
OTCN sitting@ .0004
Please buy more shares. Insulation needed for the HD building/Bunk House, heading into Winter.
Private Security monitoring road, said the last check bounced. Might cut off access to Corp. HQ. lol
BBLG: Keeping an eye out for: “We are encouraged by the ongoing progress in preparing to advance NB1 into human testing and look forward to the start of our pilot study before the end of the year,” said Jeffrey Frelick, president and chief executive officer of Bone Biologics.
https://www.nasdaq.com/press-release/bone-biologics-provides-scientific-update-on-nb1-bone-graft-device-2023-09-26
CYTO: Might be good in the long run? But I don't like they way they pulled that R/S, on the hint that the call would bring something great, and with the OS not even leaning towards needing it.
Too many low PPS NAS's, action like OTC PINK IMO.
Market likes it a little.
CYTO:Earlier, I flipped .1912 to .2210. Not sure if I'm going to touch it again, before the split?
CYTO: More play to come.
CYTO: Made up .03 of the .05 loss from my Fri. evening sell. :)
CYTO: Finding bottom
Keeping an eye on SPY
I knew about those being what counts. What I wasn't familiar with, was that data that the X poster was showing.
I've never had access to what he was showing as the Cover Date.
That's what got this started.
Thanks for your response.
Wow, Thanks. Glad I could ask for help. SMH
Thanks, that's why I asked those questions in the PM. I haven't ever taken a short position.
I've been trading since the 90's, but just straight up trading.
That said, I have gotten pretty good at spotting short shenanigans.
Like today on CYTO, H, EDGX & CHXE have been the main culprits. At least while I've been looking.
I wasn't necessarily looking at it that way. I was mainly just seeing that the cover date was here.
More like a end to the monkey business.
But, so far, that isn't true either.
I don't think it's anything. I just saw the PPS rising and at the time, OTCN was gone, but evidently, not far away.
I guess the boss told them to get it back over .02. :)
Most, if not all of those are covered in seconds. They are not actual Short Positions. The volume is so low, that MM's are not holding enough shares to process trades as they come.
So MM - A picks up a trade and executes it. But because he does not have the actual shares when he does this, it's marked as Short.
Within seconds, he gets the needed shares from MM - B and the short is covered.
The OTC knows this and put out an article, to help explain it.
PS: No Short Sellers are going to take out a Short Position, with a Pink Stock with no volume. It would be suicide.
“The Misleading” – Daily Short Volume
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
Something Sporty coming next week?
.0009 New 52wk Low. Good Job Dixon. From well into Silver, back to Trips. SMH
CYTO: Cover almost complete?
Sorry, didn't mean to tarnish the reputation of this Stellar Enterprise. 🤣
Everything about Ultrack has been so classy, and I dun gone and screwed that up.🙃
OTCN @ .001 Ask, while Peeps are waiting @ trip 9, 8, etc.
I'd like to meet those Shrewd traders, who were buying 11's & 12's this week. (Like this wasn't going to happen.)
Me gots a big old bridge I need to unload.......................REALLY CHEAP.
No time for a Onsite Visit, but have lots of pictures.
CYTO: EDGX & The Gang taking it down to cover. Watching for Boo-a-rang this afternoon.
I guess I'm in the middle. I like "lightening in a bottle", I sell and watch for signs of movement or find something in my DD.
I absolutely hate money sitting still.
#Opportunity Costs
I know they have this new thing going on here, but in the past, this one has been this way for a long time.
That's why I was only picking up small bits after it fell back below .004. At the time, I had no idea how long before something brought it back up.
I can say, at least now, there's an active story going on here.
Shit, I'm Sorry. I've got 11 L2's on 2 monitors, and I had just moved NREG off yesterday, to add another one. IT is the one with OTCN.
I just looked to the top right box and then posted that without noticing.
My Bad
Heee's Baaack (OTCN)
CYTO: 🧐
$CYTO Shares covering tomorrow!! Squeeze tomorrow for sure. pic.twitter.com/tQZwMg2GLh
— JayM (@mjaycalzo) December 8, 2023
THAR: Seeing a lot of action the last 24hrs. No known catalyst other than Offering was closed a week ago.
Then after the recent new low, X jumped on it.
🤣No matter, agree or disagree, that was funny.
CYTO: Looking for another push North
CYTO: Taking a breather today
THAR: making a surprising move in the AH's, post new low.
Uhhhhh? You mean Up Chuck? Yes, OTCN has been spewing shares for weeks now.
Vomit Boy, otherwise known as ..........
lol