Mr. Poolside
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.
Maybe hokie on bid support?
There never was dilution it’s just mind games
Sellers dried up. Now it’s time to test that $1.20
This moves from .62 to .70 on like 10k shares
Great opp
This is all just weak retail, volume too low
Looking good, cheap share
There will be some nice chasing coming. RSI is way down.
I think this will rip pretty hard soon
Lots of fear selling on no support.
No dilution. Volume too low
Large spread typically means they’re accumulating shares
$$$
I think we should see a pop
Already got bent over -65%
Only 35% left
Well,
If your theory is correct, the ceo voluntarily aluded to be dumping shares at much lower prices, when he woulda been much better off doing that clandestinely into PRs
When I see a post like this, it makes me lol cause it’s nutty.
Disagree with you bub
So what’s pps target for tomorrow?
Drop to $.50 or test $1.20?
I disagree tho cause they coulda silently diluted on the way up here without announcing the RS
This would be much less profitable
Talk about getting shanked if that’s true
We don’t know yet what will happen. Regardless, if the preliminary interpretations are correct, he won’t be able to dilute anything and the shares will be worth nothing.
Remember it’s all about perception and he is literally crapping in his own nest with this RS
There’s more to the story I think, let it sort itself out
People should stop getting so worked up over this RS crap
Let’s see what happens Monday.
Enjoy your weekend, don’t let anyone disturb your peace, especially a dude with “RS” name initials
Well, to purposefully remove liquidity out of the market before uplist to nasdaq is a genius move.
I’m convinced no one is that stupid.
I mean it doesn’t even help his nasdaq uplist because the RS will substantially reduce shareholder count.
And he doesn’t benefit financially by doing that especially if he wanted to dilute
Nothing here is adding up
We need to wait and see how the official papers look like.
It seems very counter intuitive to reverse split and then issue 100M shares right back. If he just did it now without the RS it would only be 123M OS be 101.6M then
Almost no different whatsoever
No idea why he would do that makes no sense
How do you suppose they get $5 minimum organically?
The shareholder base here is so flimsy a little wave in the ocean causes a -60% drop .
I think this was a good move, if they can explain their plan forward that enhances shareholder value, because look, the “RS” dude ain’t being ahead by holding worthless shares
The reverse split is not harmful if they have a right strategy. It only makes sense to do a 1:15 RS when that brings us to 1.6M shares OS, and 100M AS in treasury ready for acquisitions.
Plus, finra doesn’t take reverse splits lightly nowadays, there needs to be a plan.
The official filings and further news will clarify all the details, people should stop jumping the gun here
I think it has to do with negotiations. These 100M shares are not issued, AS treasury - this is customary for acquisitions, because that will dilute and reduce share price hence negating the effect of reverse split?
People got duped today for selling and next week it will become more than apparent
I think the 100M shares refers to AS treasury fellas not shares issued.
That’s what I gather from that newsletter.
Can someone show me link to company Twitter?
It’s a small gamble here:
Get it in around .80 and get our ass split in half on Monday or, $1-$2 run
I think it’s worth it given the circumstances and the unknowns
Those are looong gone.
Majority that is
It’s shorting.
People won’t sell at such a steep loss yet
And shortbus took advantage today. Volume is too low for such a big drop
Wait till she rips
We haven’t seen the reverse merger agreement
Fear costed people a lot of money today
Short cover soon in my view
$1.00 on the table
Classic short
Will rip
This is classic grab cheap shares ploy
Gonna rip
Now that makes perfect sense. Agree with you bud
Just panic selling. Play the wave!
So why the big drop? Just cause of an RS? Lol
Company has been dormant for about a year, if they wake up and put something out .005-.01 is not out of the question
It’s just a chart play. This is actually 1/2 or 1/3 of the float of a typical penny stock in this range, and share price will reflect that
On the next run this has a real shot at .005
Well, if this were to get a 300M day at this level we could see a .01
Question is why should it?
I hope it does.
The only positive I see here is that it does have a solid support at .001 and .0011 - which could mean the price floor can move up to .0035 which is where roughly the next support needs to form