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True. Once the initial volume maybe creates a run today this will dip once everyone realizes this is not good news. Huge toxic debt and they haven't ever turned a profit. We now need the next news telling us how they are going to dig themselves out of this.
One bit of good news - shares given to Jasper may be returned. Discussions happening now.
One bit of extra bad news - lawsuit coming and they can't even afford legal representation.
Lots of heavy dilution coming imo but I'll keep watching to see whether they get through to the other side
This needs news and filings to go up any further. It is a great flip stock right now though. I'm buying back in around 0.005
They have 2 choices - work really hard and get paid for selling oil or sit back and still get paid for selling shares with a fluff pr and an occasional radio show. What do you think?
Very true, welcome to GRAS!
True. My point was that it wasn't normal trading where the bid sank to 0.0001 and was hit as was being implied. This has not hit 1s and the bid is strong at 2s
0.0001 was not hit, that was an average trade under the bid clearly.
I did own it, I missed the jump! :(
It goes up, it goes down. Light as air.
Looks like everyone is expecting the late filing. If it doesn't come tomorrow, this will drop dramatically again. If it does and it looks ok, could be the start of a multi-day run
My opinion is that they are telling us ahead of time. There has been no other news yet and I've seen too many good stocks killed during a run when they announce that the AS is increasing. In this one, we know it is done, the scene is set and news can come creating a monster run.
Maybe but they can just start over after the R/S so maybe they'll just go ahead
Monday is the first day that is possible. 20 days after the notice. It's up to them, any day now
Asher is already out which I think is a good thing. This will run heavy on news.
R/S can be any day from Monday.
The filings today were not news to anybody taking notice here because they were already filed on the NVSOS website and posted on here before.
The picture is now complete and ready, this says to me that good news and a run is coming. Jump onboard or miss out!
I'm expecting news within a couple of days, maybe Monday morning.
You'll be able to tell because they'll hammer it just before. If there is heavy dilution today, it will be Monday
Yes. Filings said they would RS 20 days from notice and Monday is the first day available after that. I don't expect them to wait any longer than they are required
Monday
The split happens 20 days+ from the notice not the approval. It's not for a while yet
No. It hasn't been renamed to XUIID and no announcement
5:28pm next Wednesday?
Welcome to iHub with your 2nd post!
Looks like there are a few of us with the same idea! Great minds....
VFIN is used in many ways to scare people. Can be dilution but also can be others trying to grab 2s. Regardless of what the companies intent might be, I would expect at least a pump before a dump. Doesn't make sense to just dilute right now. With the only choice being to dump at 2s or lowball at 3s, I'm still holding to see what happens next.
Me too. I'll wait and check that it has bottomed out and then buy big. 14/15 looked like it was holding well in the late afternoon.
Thanks for the explanation. That would say to me that we should see a recovery tomorrow then.
There aren't many sub-pennies that are not in that category but most of them run.
I know there is a bunch of people here looking for cheap shares but is there any grounding for thinking it will go to trips? Excuse my ignorance but I haven't been following this one and am still trying to understand why it dropped as much as it did today?
Great day! Up 66.7%! Go INOH!
What happened here today!! Why the massive sell off and dip? Is it likely to recover?
Tomorrow and who knows?
It's shrunk to 1.5m, not far to get back to taking down 5s.
So, moving back to reality....We need NEWS!!! Come on GRAS!
I can answer that one from my own perspective. All I care about is making money. There has been so much talk about this theoretical amount that may or may not have been paid that this is getting ridiculous.
All that matters is whether the share price is going up and many here still believe it will, me included.
Why do you think Carmela's Pizza reversed into GRAS in the first place? My answer would be access to funds for expansion and franchising. Otherwise they could have stayed private.
Hearing about the AS increase is only the first part of the story, we haven't even heard the next chapter yet.
No, I'm with TD Waterhouse in Canada. They don't charge me anything, I've been through 3 RS recently.
When you say redistribution, I'm presuming you mean the RS? If so, why would we get charged anything by our broker? I've never been charged for an RS?
$FGLD?? Indeed. No life at all left in this one
Looks like they're not even sticking to the 9 mill per trade dilution method anymore, just slamming 10s of mills over and over. This has to go to no bid soon
Hey, I don't have air between my ears and I got scammed here! This one is an anomaly and it catches many people out. There's always lots of negative posters and people who perceive they have been scammed on sub-pennies but the uniqueness here is that I think it is almost impossible to make money.
Some did by cleverly jumping in 2 p&d's back at 5s/6s and then exited near 0.002 but that was an exception and probably limited to a small number.
Today's dilution volume was ridiculous once more. I'm shocked it's not at no bid by now.
Now there's an opinion I agree with on here!