Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That uplist should definetly help get bigger players in here too.
Interesting someone trying to keep price down to get more? Or someone short maybe? If that stubborn 1.40 seller would go, we will be off and running.
1.38 then 2.05
I'm pretty sure they are operating through MM CANT, is that what you are seeing too?
Ans check out history of intellectual ventures, made $6 billion+ so far on IP. Interesting as now they are positioning more as start up factory building off of patents under their care.
Maybe this is a way for ventures to offload some of the patent IP protection work and focus on new initiatives. Might not be a bad merger company if they were ever able.
Lol... Yes, I'm not sure I've heard that saying, but pretty much the way the world works :)
Reminds me of the Brodkorb purchases in .60's and .70's pre RS too :) Had kind of forgotten about that.
Good sign too with those Newman last minute acquisitions at .49 and .50. Looking forward to 10-K, wonder if they will start the dividends or wait a little.
I also think I read somewhere it can be up to 25% of daily volume so maybe higher volume days they are able to pick up more.
Can't help, but think it's related to uplist plan so maybe. This is the first way I think they are looking to raise PPS.
If it gets past 1.50 line can definetly see some momentum building from there especially knowing it's backed up by consistent buying from management all the way up to 4.00.
They got to start moving on things and telling shareholders what's going on. Not sure they have put much into IR side of house. I'm chalking it up to them being busy merging things for now, but hoping 2nd half things start moving nicely and they commit to building the PPS
Definetly feel like some of this daily buying is these buys, we'll see when the next Form 4's hit. Like this from the latest filings, definetly shows confidence:
Just an fyi, PPRO Form 4's starting to hit today, they are following through with what they set out on buying up shares.
Just an fyi, PPRO Form 4's starting to hit today, they are following through with what they set out on buying up shares.
Sweet, and the buying by management begins! They are quickly following through with the plan and what they set out. Still got plenty of ammo to come, should create a solid base here and maybe a run-up. Would not be surprised if some of the shares gobbled up today also came from management, we'll see.
I think they are limited due to rules surrounding 10b5-1 plans to only purchase up to 25% of share volume on any particular day, so would expect the greater the volume the greater the chance for significant insider share buys.
Sweet, and the buying by management begins! Quickly following through with the plan and what they set out. Still got plenty of ammo to come, should create a solid base here and maybe a run-up. Would not be surprised if some of the shares gobbled up today also came from management, we'll see.
I think they are limited due to rules surrounding 10b5-1 plans to only purchase up to 25% of share volume on any particular day, so would expect the greater the volume the greater the chance for significant insider share buys.
Hey Rain and everyone,
Been a long, long time, been mostly just been DD'ing shells, but thought I'd throw a pick in the mix. PPRO just announced Nasdaq uplist plan on Mar 11th CC. They are starting process and per call hoping by end of April. It is Priceline founder's company.
Share price is at ~1.45 and just announced share buyback plan this week, reading the tea leaves and the need to get to minimum PPS and this needs ~ 50% move soon to get it where they need it.
Not the 1000% penny move, but still is a good solid bet I think. Potential with Priceline founder at helm and strong team of advisors for this to evolve into a very nice long term play as well. But they still got to do alot of legwork to get it there.
In short-term definite possibility of a spike up based on DD. Wanted to throw it out there. Hope everyone's doing well.
Hey all, been forever, mostly been playing illiquid shells, but thought I'd throw a pick in the mix. PPRO just announced Nasdaq uplist plan on Mar 11th CC. Share price is at ~1.45, just announced share buyback plan, reading the tea leaves and this needs a 50%+ move soon to get it where they need it.
Not the 1000% penny move, but still a pretty good bet I think. Hope everyone's doing well.
Would not be surprised to this $2+ very shortly. Share buy back could definetly be related to Q4 CC and this:
Thanks Bob!
Would take very little to get up to min. price requirements for big boards. We'll see what their plan is. Appears whomever was lucky enough to pick up those cheap shares this morning not looking to sell them.
Also with Q end March 31st, if they are planning to do dividends as the merger plan lays out we may not have too long to wait on that end. Good stuff.
Not getting accurate L2 atm, what are other people showing?
Most volume action and buys since September is a good sign moving forward. Rarely see that in advance of RS, usually people wait.
Sweet, new company is on it with that press release. Let's see how quickly they move things forward now.
No ouch here, we all have known since October. As shareholders we also all voted with management for the RS to make this happen. Played shells a long, long time along with other veteran players here (db, shell king). Merger vet's know small R/S's (1:2) are not a bad deal at all when you are getting $65 million+ in assets, a dividend play and big board potential all wrapped in one. I can count on my hand the number of shell mergers that have big board potential, this is one of them.
Yup, that was the plan 2:1 :) Merger with company with $65+ million initially, big boards desire per filings and dividends plan is the part we're focused on. Will be fun to see how it plays out.
Just a nice little interview Bronson did on reverse mergers a few years ago. Yet another reason why I like him and when you are taking a stake in one of his shells, this is a legit guy who looks for top value and businesses for his shells, not just any old deal.
http://www.catalystfinancial.com/uploads/2011_News_Release_SNB_Speaks_at_BioWorld_Insight.pdf
This fact, and this fact alone, should be something that makes people wonder, not to mention should absolutely have been in the filings.
Not just being paid $100,000 by largest shareholder Wescor for closing merger, the person in charge of merger deal from company side, David Ludvigson, was also CEO of this competitor/partner company, Nanomix. This was not revealed in any of the merger filings. Seems relevant to me and a significant oversight.
Read this and tell me there is no conflict of interest:
http://www.newrepublic.com/article/119711/nanomix-produces-diagnostic-device-test-ebola-just-minutes
Yeah, there with you. Alot of shady in this, especially as I remember, the merger agreement closing was predicated on lawsuits having been settled. Clearly, they appear to want to push this forward regardless of shareholders. That all said, if they want to pay the $.27 now while this works through courts fine by me.
Yeah, not sure. Regardless of that where it stands now, we've got a company who has clearly stated big boards desire in filings and is planning on instituting a divy plan pretty much right away. So, at these levels solid buy IMO. Lot of potential, just got to wait and see how this all plays out.
I have, I believe DB has well. Would definetly like someone to shed more light on things. Crapshoot with SEC though whether they deal with smaller deals like this.
It looks like this week is what I hear, coinciding would be good, adding more value into the stock.
Really looking forward to seeing Munish Sood and team and what their plans are. Not to mention the divy's. First time I'll have had a shell that R/M's into a divy play.
Looking at that spike in summer, would not be surprised if this was actually at $2+ without the take "under" offer.
I just think at the very least there are additional questions company should be answering. SEC should be doing more to look at this. First and foremost, why the person from the company most centrally involved in the deal, Ludvigson, was not revealed to also be the CEO of a competitor/partner company. Seems extremely relevant.
With Wescor owning such a large percentage though along with BOD, hard to see company doing this themself. One of those scenarios where it's important that regulatory or legal authorities step in to investigate and ask more questions.
100%, been DD'ing him for years on other boards (BKFG et al.). He is one of the few shell owners I feel very comfortable with and shareholder friendly. Legit plays, just a question of when he gets to things.
By the time these plays move can't get them anywhere near bottom though, which is why I am stocking up at these levels.
Hey nice DD illegal over last year, been watching. Like Bronson a lot and his track record, good one for the backburner :)
Yup, same for me much like all of Bronson's companies. Nothing immediate from anything I've seen on this one.
The website changes in the last year that illegal pointed out are very interesting, have other DD I'll post on that, but Bronson's plate is pretty full with Interlink, Qualstar, BKFG at the moment so wouldn't expect anything yet.
Latest 8-K explains it. They just moved, changed numbers.
CORGENIX (CONX) MERGER DD
So there are many, many things we could focus on in the Corgenix merger story (EliTech Group, Orgentec, Water Streets, Inverness etc.) that still have not been fully dug into, but I am just going to focus on one main one today. David Ludvigson and his role. For me at least, doing the DD on him, there is no way not to think the company should be answering a few more questions here. It also screams to me questionable BOD oversight at best, and other less friendly things at worst. Certainly provides some legitimacy to shareholder complaints or lawsuits. Who knows, but my assumption based on things not being settled yet on the latest case, is that the lawyers and/or plaintiffs may have gotten wind of more than what were are privy too at the moment. There are a whole lot of overlapping webs here, just a question of putting the pieces together
PIECE #1
Corgenix's code of conduct and ethics document
Why start with conduct and ethics document which most people have seen before? There is nothing particularly different in the language versus other public companies, but I think it's important to keep this language in mind when reading the information in piece #2.
Also important to remember this part when hearing the word "employee":
Yeah, I think it makes a very attractive target considering it was in the .40's soon before announcing. We'll see. The recent plaintiff issues should give this more time to evolve and develop. And company can't just ram it down shareholders throats.