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Bought back in today (that 5 mil buy at .0025 was me) after being out for a while and playing around with HBRM.
It's possible that this will be diluted down to the mid teens before the next quarterly report shows all the Walgreen's sales numbers, but it's also been a while since there's been any significant news. I think it's likely that management has something big in the works, and I don't want to miss out on it.
I keep getting drawn back to the LeSean McCoy sponsorship. I don't think people realize how big that is. Aside from having one of the best NFL running backs in the league endorsing the product (if not the best), it is a strong signal that ATTD management has confidence in its product. Do you think that they would pay the money to sign LeSean McCoy to an endorsement deal for Phase 3 if they weren't confident that the product was going to succeed (or didn't have evidence that it is already doing so)?
As far as the dilution goes, it comes with the territory. If you want to expand, you need to take on debt, and that means dilution. But with the dilution comes expansion. I'm sure they're putting the money to good use.
There was a big sell-off at the end of the day because of all the anticipation of buyout news. The buyout/merger has been in the works for a while now and everyone assumed the "we're going to release awesome news in April" PR was going to be the news that the buyout went through.
If there hadn't been all this anticipation of a buyout, the most recent PR would have been a good one. In place of a buyout PR, it is bogus, and is no where near enough to justify the more than 1000% increase that occurred after the first PR was issued.
Count yourself lucky if this closes above .005 tomorrow. That would be a more than fair valuation WITH buyout news
Unless this is some kind of genius ploy where they release a bogus PR right before close and then the legit buyout PR right before market open, this stock is toast.
Very disappointing. HBRM management should be ashamed of themselves. I got out a while ago at .008, thought it was overvalued then and was happy to get out. Even if the buyout happens, no way HBRM is getting bought out at a high enough price to justify even half of its current PPS
Here come the .004's!
This is going to have a nasty uptrend over the next few days
Now for a little consolidation, then on to the next leg up
ATYG continues to set new HOD's. Up from .0015 to .0038 on MONSTER news
.004's up soon!
Here come the .003's!
Got some nice, big bids coming in. After lunch, this hits mid .003's
I'm thinking we hit HOD in the mid .003's before retracing to high .002's, then start new leg up tomorrow morning
Once we break .003, .004 should be easy.
This is huge news, just need to spread the word and volume will take off
ATYG up over 50% on Franchise Buy Out news, and still moving!
Wow, already 35 mil in volume
This news is huge! Should be good for at least a two bagger, if not three, from day's open.
ATYG is breaking out on Franchise Buyout News!
ATYG with LOI for Buyout!
Have to love LOI news. looks like a good time to buy
Could someone post the PR stating that biopsy results will come out next week? I haven't been able to locate said PR.
Thanks.
Can't believe people got suckered into buying this again :/
This isn't going up in any meaningful way until a legitimate PR hits. May not be too far off, looks like they have some deals in the works. But until then, it's going to be more of the same...
down, down, little bounce, down, down, ...
Nah, I picked up all mine at .0015 yesterday. I actually posted about it yesterday if you don't believe me.
I'm perfectly happy to see this go up, just saying, I think it'll trend down before you see the big pop when the actual news comes out. 3 weeks is a long time, most trading in pennies don't have the patience to hold that long.
Don't get too excited and over pay. This stock is going way up, but it's not going to happen today or even in the next week.
April 6 is three weeks away, will probably have a bit of a downtrend before the big announcement, then the sky is the limit.
If this can finish the day green, I'll think about buying in on Monday. We've seen plenty of small run ups only to have the day finish at -10% though. Still not convinced it's bottomed out yet.
Looks like we could have a nice run leading up to the actual announcement on April 6
$150 billion market = China?
Picked up 2.5 mil at .0015 today. Been sitting on my .0015 bid forever. I am a happy camper. Now just gotta wait for the good news...
I don't think it's hit bottom yet, but it definitely will bounce. The stock is down 80%+ on GOOD news, there are bound to be a lot of eyes on this. Once it actually finds a bottom, people will be jumping in.
And there hasn't been any dilution up until two days ago. That's been discussed ad nauseum.
And now we're stuck down at these low levels with the MMs dicking around with the PPS until interest in the stock is renewed. That will happen when a substantial PR comes out, the stock gets promoted again, or the price falls so low that people jump in for a bounce play.
Here's my theory as to what happened:
Either some third party paid a promoter for BFLX, so that they could load up, then dump at .50+. Or BFLX paid a promoter to get their stock some attention so that they could have a more liquid market, then when the price rocketed, shorters ran it down. Combine that with panic selling, and you get the current low price.
Volume dies down, then MM's step in. And that's where we are now.
Anyone know where to find the short interest for this stock? Can't seem to find it anywhere. I imagine in must be pretty huge
It does seem pretty shady that they won't release the name of the partner. I don't see any reason why the partner would not allow for their name to appear in the PR, if it was in fact a real PR.
Thinking of buying into bflx, it seems like it has a lot of room to move up.
I do have one question. Can anyone tell me what it means that the O/S is unchanged, but the float has increased by ~10 million?
TIA
Great post. It's not necessarily the company itself paying for the promo. It could just as well be someone who buys up a lot of the stock, then pays for the promo, then sells off the stock during the run up. It looks like this is what happened and management was caught completely by surprise.
Sales were 63,000 first quarter of last year, so we can infer that they are 63000*1.23=77490 this quarter.
Not a massive increase, but obviously moving in the right direction.
Wow, back down to pre-LOI PR levels... bizarre
Anyone have a theory as to why both HBRM and CHRI have been getting hammered? On paper, the HBRM acquisition looks like it should be great for both companies. The big PPS drop for both companies doesn't make much sense at all.
You want to tell me the magically appearing and disappearing 5 million blocks are not MM manipulation?
I'm sure there has also been some flipping at these levels and some individuals selling just because they're impatient, but I would say the MMs have a firm grasp on this thing until news regarding the buyout is released
MM's are manipulating this stock like crazy
It's funny watching the MM's to try to push this stock around with no success at all haha. They stack the bid or ask and absolutely nothing happens
Considering how insensitive the stock price has been to the last two PRs, I would guess that's exactly what it's going to do.