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Looks like we have the addition of VFIN exposed as a selected MM to sell (some platforms allow this). Definitely looking like small group or short manipulation attempt from low volume movements. Games end at close, most likely, and force their hand to buy the rise again. Somebody oversold positions, it seems. DRIO still looks like it has shareholder confidence to stop the attempts to push her back down.
ATDF is either a - retail trying sell very stupidly, b - retail trying to cap the value with prior collection, to get more shares from others burning out of positions, or c - fake ask wall with some retail shares actually on the bid. Showing somebody (could be MM's) has a short or naked short that might need covering soon, or they out if the PR'S gets away from them. In my opinion, of course.
INTL - institutional representation out of Hong Kong, GUGS - institutional representation found in biotech out of googenheim, WABR - Wallstreet access corporation, but I believe found for short sales if on the ask. Other two MM'S show promise, I believe that institutional investors are taking more of an interest here. Check how much they absorb on the bid, and watch the ask side for possible increases to naked shorts from other MM's being out of shares and some could be loading for a price push down by selling at discount share prices to those who need them. Interesting additions to the marketplace, nonetheless. I think we should get news very soon, then. Was going to say beware of a drop at the end, to force selling, but didn't get the message out soon enough.
I honestly expect a PRO any day now. DRIO was restricted from public statements until the 22nd. I believe you are right, though, barring any negative PR's. I find that to be of minimal risk, though, with this company's track record and confirmations of global launches. Very exciting times, I believe. Good luck to all! Grabbing more again when I can. Out of spare change to throw now.
I am doing the same. Just don't want to get this stuck into the same cycle some other OTC stocks do get stuck in and then burned out, due to loss of interest and expectations of more flash crashes. As I said before, I hope it is true, though. That fibonacci character on twitter was wrong at least once before, though. Haven't seen anything credible from him. Good luck here, to everyone else as well.
Somebody may know before others, but it is not always legal to publish it still. Is this a person known for being correct before company news is published consistently? No news flash needed there, buddy. Just advising caution on hanging hopes on what could be just hot air.
Be careful of statements like these, with no verifiable source or included evidence. The last thing needed here is over inflated prices, because somebody decided to post a few unfounded messages in public forum. We want solid organic growth from company vetted sources and action. It can end up costing people a lot of money, if there is an overzealous run. DRIO might look to be a good start right now, but still need to await more info directly from the source. If he is, in fact, right then that would be great. However delivering news before the company itself does without authorization can also get him in a lot of trouble. Still looking for a nice day tomorrow, and hoping for good news. Just don't want anybody to go crazy due to a faceless screen name posting possibly false info, either.
This is still a lot lost in speculation and assumptions. I would imagine that most R&D expenses have been cut, but also their G&A expenses have been declining. Their production costs would most likely be increasing - which would be the "ramp up" costs. With ramp up costs for soft launch, it does not necessarily mean that this will continue to rise rapidly without revenues to match or cover. Keep in mind this device is now available in the UK, Israel, and New Zealand. Ramp up costs should also have factored in accounts payable that would be due, along with increasing inventory significantly. Given the main issue on the balance sheet was the notes for conversion, and they have been taken care of on with the recent dilution, they also shouldn't have a lot of currently payable expense to worry about in their current quarter. Also, they have the device paired for both Android and iOS devices, although apparent bugs to be adjusted (most likely from the recent update to both platforms made things interesting). The approval not being complete until 2015 could also be an inaccurate timeline, considering the terms of sales of 510(k) devices only needing a 90 day process before authorization of sales in the US, depending on the working state of the device. So, we are still left to speculate. Considering that there hasn't been a history of financing through mass dilution, aside from the recent private placement conversions, and the global market penetration that increases the chances of drawing new investors' interest, there still may be no reason to raise A/S significantly. I do understand your thought process, but I believe DRIO also knows that sort of action would reflect negatively back on to the company (also possibly deterring other investors). So, same rules govern here - you can simply believe they will drop and move on, or trust these folks have a handle on their company and a viable product and invest. Placing priority over an investor conference does not display a lack of funding or confidence in raising (or already have raised) the necessary financing to continue their business model. We also have been restricted from knowledge of any planned financing activity until the coming week. Hopefully we hear something soon, but tech players are still going to be in the game, and if news does come, then expect much more. The value of the patent itself is the last key piece to come into play. The revenues and sales will eventually speak for themselves, but intellectual property rights can also play a very important role on the influence of the price here - including a possible parabolic shift as I stated before. Either way, good luck. We shall see what the week reveals soon enough.
Unless they have secured other sources of private funding, yet to be announced. Would you miss an investor conference if your company really needed the money? Product approvals are gaining ground in other parts of the world while working through the process of patent approval in the US. There is absolutely no reason to declare Chapter 11 with the asset level and a viable product. If they haven't secured funding, then we will be warned if they have to increase the A/S. That would be required. How do you also know they are broke? Have you personally checked their books more recently than the quarterly or have inside knowledge of the company's financing or security thereof? Assumptions shut down the perspective of open possibilities. We cannot assume anything without hearing it directly from the company. With the global exposure they have acquired, it is possible that they have no need to raise the A/S, due to other methods of private/corporate investors. DRIO may have a few cards that haven't been laid out yet. You can wait and see or give up early. I think if there was more of the lack of confidence, then this should have dropped to .07 Friday. Instead it closed green. Chart players may have an interesting week, and if news is released, there is a chance for many more to join. It is a simple choice, though - believe the company has this handled and a product good enough to make it, then invest; or decide to move on to the next play of the day, week, or month of your choosing. Good luck either way.
Not a problem. I do what I can. I read as much about the company as possible when I get the chance and play charts as well. Problem here - charts haven't held any weight at all. The charts are used also by manipulators to convince panic sales or false buying pressure to steal retail investor's money. Always try to bank some money back and ride free shares or sell high and restock when you see the crazy spikes in price, and buy back on the drop. The huge sell down off DRIO's recent high was not predicted by charts, or anything else aside from orchestration of fear and profit takers combined. I try not to trade when I don't have time to watch it all the time, but some stocks are simply too enticing not to - this is one of them. I actually need to adjust my profile of picks. They are way out of date. Good luck to everybody here, though! I hope everybody has the chance to make some money.
My personal belief (and hope) is that DRIO actually has their necessary funding and financing activity in place - possibly from building a base of revenue streams in countries where they already have approval for sales. That is the only reason I can think of that they would not attend an investor conference that would raise more capital for business operations. This is still an OTC security, though, and will be approached with utmost suspicion due to the listing status. Also with such a low float to the stock it can be subject to manipulation needing only $2 MM in capital to control daily movement, if even that much. Add in MM naked shorting made necessary by shortage of shares, and the MM's holding significant open positions have plenty of motivation to attempt open market trading to push the stock lower and break investor confidence. They lose a lot of money if they don't cover and the stock begins its inevitable parabolic movement to prior levels, without further announcement of increasing A/S. Current price (approx .09) should be about minimum standard valuation for the company without further verification of sales or approvals, though (due to an 80 MM A/S). Nobody wants a falsely pumped stock value that could end in a horrible crash, like many other stocks during the 1st and 2nd Q of this year. Now it is up to them to notify the public of current operations to restore confidence of increased value.
This states the ability of the company to sell securities if they need for further funding. To do so, however, DRIO would still need to publicly announce an increase to authorized shares. Once that is done they would be able to sell securities in the form of private placements, convertibles, or dilution methods without notification to the public of all sales offerings. Without having any authorized shares to sell, though, they can't necessarily do that. My guess was this was to allow further private placement, because registration and public announcement can cost thousands in cash. So to reduce further needless spending for a solid company, then they can continue financing activities. Their products are also becoming available in other countries. The US is the place with the most restrictive and arduous process for FDA/patent approvals to sell medical related items. What is occurring here is good old fashioned fear mongering and rumor dispersion to undermine the company's actual value and distort public opinion in order to drop PPS for personal gains.
Quarterly states authorized shares only stand at 80 MM shares, that was increased solely to meet the needs for the private placement notes already covered. I don't know how anybody thinks they can dilute without further notification of increase in A/S. That increase was effective 17 June, and the O/S has already been raised to by issuance of shares to meet prior obligations of notes. Filings are clear. People are just lazy. DRIO still has 3.4 MM in assets and now a reduced liability than shown on recent quarterly. No worries here.
I first started buying this at a lot higher prices, my friend. Been in about the same amount of time stock scout has been around. Please don't make assumptions. I was down initially, but once the steps finally lined up I bought more and I also do trim some losses when I see a drop coming and increase share count. The company's intent was for product launch and market injections to happen much sooner. The 1st Q price inflation of the OTC happened due to a bunch of fools as well. I also warned of the new conversion rates on note exchanges as they occurred. This up and down has been the continuation pattern for a while, yes, but only due to the slow progress. Yet there is still progress. It just hasn't happened as quickly as many would prefer. So I definitely understand the frustration at times, but right now there is a much better foundation laid for the company to actually see the final structure put into place. All in due time, my friend. MINE is still a stock, though, and they do ebb and flow. So relax, a few grand isn't a terrible amount anyhow. Just make sure you can afford to lose money you put into stocks. Otherwise, I would bet on the 6 month ROI from here will make a few grand seem rather petty.
I still really don't know why everybody is so worried or surprised with the walk downs and flips here. This is great for longs and buyers. If you just want to day trade this one, then use the hourly and 15 minute charts. Otherwise, be happy with these prices. I am kind of hoping again for .006's again, just to keep adding cheap shares at every turn. If you are trying to increase share count with the same amount of capital, watch the spikes in volume, and pay attention to naked short numbers along with previous up/down trends as well. Trust me, it helps. I personally think since we are watching increasing stores listed, we will soon see the organic value jump. As a true long on this company - I would be happy with value remaining hidden for a couple months as I increase my stake here anyhow. My prior worries about marketing and sales have been alleviated as I see the proper steps unfold. My wondering about sponsorship of seemingly odd events now appear to be the old fashioned bureaucracy that usually comes in all business - donate to my cause and I will help your company. So play it how you will. Good luck to all that are here with MINE.
After last leg going from .09 - .12 on low vol (not this low), the following day's range was .10 - .13 with a close of .11. Perhaps today will be similar with a test of .11 and range up to .15 (depending on volume level, higher may not be better here), and close at .13. This would leave us with a nicer chart set for tomorrow's trading day to repeat past testing of recent highs. But oddly enough - charts do lie in the OTC, and so do people. So good luck all DRIO investors/flippers/traders!
Honestly, I think this donor/sponsor stuff is all part of mutually beneficial relationships in which there is "a guy who knows a guy" situation. I had the same questions, and initially thought this was a lot of BS. But they did the Justice Jog, and even though they weren't really publicized for the event all of a sudden people get wind of more store penetration and market expansion in places close to these areas where people would most likely be well connected. All part of the bureaucracy game, in my book. Still not enough concrete just yet to raise the price, either, so people can still quietly load? Hmmmm....Sounds like the usual games people in those positions play to me. Like I said, based on market availability/locations, I am going to take the opportunity while I can at these prices. Probably won't get them back in the 4th quarter.
Might be a falling wedge pattern break, but the last candles could signal upside gap kick off tomorrow as well. That's the strange part. This thing has not consistently stuck to any chart patterns, but then again not much always does, and that is my suspicion of group involvement. Aggregate trading groups use techs to mess with stock prices a lot. The back down in volume could paint a larger target for small groups to run, though, too. Thus the mixed patterns and unpredictability and my questioning on what other people think is going on here. Mm's should have successfully covered all naked short positions and have no further motivation for suppression of movement, so this thing should have a thin ask tomorrow, but then again, we'll see.
Mixed chart reads on DRIO, for me. Without serious MM or group trading involvement, though think .11-.15 range tomorrow close at .14. With volume breakout possible touch to .16, though. Doesn't seem like a whole lot of pump or dump here, really. Low volume movement runs too high may lead to Thursday/Friday break down again, though, and possible retrace with a hopeful new base at .11. JMO, though. This stock hasn't seemed very good with sticking to any normal patterns recently, though. Usual indication of group or MM heavy involvement for me. Any thoughts?
If I had more time to dedicate, sir, definitely. However, this is only a small part of my daily routine and I can only offer help on a couple days of the week.
I will on the next one that doesn't involve confidential information. Some of it is personal health information and other possible financing that involves parties I have not asked their permission for publicizing. I have ceased trading and am holding all current shares to prevent any possible accusations of insider trading. I will write a separate one for public viewing, though, and request a response that only involves information that I can make available for public viewing.
Take the rest of these next few weeks to load folks. Last chances for low prices. Any high vitamin "healthy" carbonated drinks launched in SoCal quickly become new fads. This is what the markets want these days, especially with the chronic heat waves and strange weather out here. Prices might not get too high yet, but I am betting on demand jumping through the roof soon, as long as Vanis and Ezra get their marketing online right. Good luck to everybody!
Let's see that close over .13!
Definitely will see what I can do, my good man. Hell, I wouldn't mind taking over running this show. Hehe. The biotech is excellent and has the potential to change a lot of medical treatment if we can get it through the FDA. One key factor you have to also think of - how many big pharma companies aren't going to like permanent fixes for the injuries that feed their billion dollar prescription lines.
I had thought we needed one more down week for load before run at opening of October sales.
We will break that evil .19 this week, I think. Should have just let it break down to .10 last Thursday and had it over with, so we could have cleared her out this week for a nice parabolic move.
This is supposed to be the responsibility of his CEO. I will definitely see what he can do. Haven't had any replies from John Meredith at all. Paddy also does other research work as well as still being a licensed equine vet. Hopefully we can get something PR'd. That alone does cost thousands in cash, though. Meredith really needs to start pulling his weight here. Biotech modalities are a process, though, and do take time. The suspicion attached to why it hasn't already made it big keeps day traders and retail hesitant on playing the game, or only interested in small tick, high percentage flips, though.
*Okay I have tried to post this 4 times now. The doctor of told me he funds the majority of his research through the equine application of this biotech. Otherwise typically institutional or private investors also assist, but some will demand conversion rates for the notes they hold. So these are more likely to be the main source of dilution. He is in and out of the country here. Hopefully I can catch him next time he is in California. I was actually in Indiana taking custody of my son at the time he was here in the LA area (just a case of impeccable timing). The issue with the mixup I believe is that TCEL still does have partial ownership of one patent, but not all rights to the rest of Therapy Cells in New Zealand's biotech. I will see of he can reveal publicly what the reasoning is for the recent dilution runs (I expect converted notes, etc. I need to read back through the quarterly again).
Hey folks, sorry for my long absence. Still in contact with the good doctor. His biotech is still viable and in use in equine applications. I have been incredibly busy, so we haven't had a terrible amount of time to discuss a lot of new applications he is still testing (including myelin sheath and other nervous system tissue). This company still maintains ownership of the patent stated, in conjunction with the other company listed. Have to see when he is next trip bring him back to California and may have to make a trip to the Napa area to meet with him, but not terribly worried. No labs needed here, either, because his process for freezing and transport of viable tissue for transplantation (or reintegration) has been successful even when brought from New Zealand. He also does not typically require multiple tissue harvests if one of the samples ends up being compromised in transit, as he can store the initial samples for an extended period of time.
Except the other guy said he owned 530k, not 250k shares. So 530k + 250k = 780k shares. So they own 1.04% of the shares together, of DRIO.
How has this security stayed listed on any market at all, still? Quite odd for a stock that has all appearances to be a complete scam. I would have thought that this thing would have been completely shut down by now.
Shorts aren't able to cover here. EVSV is on Nasdaq threshold security list. Meaning shares have had failures to deliver for at least 5 days running. Also might be an interesting time to load and trigger a possible squeeze.
Thought the bounce would come harder on Friday, though with the previous week cycle. Didn't expect a cycle back on the stock until next week. Checking the times with sales of shares on Friday looks like calculated burns for MM's still needing naked shorts refilled or purposeful use to wash. I do agree with a bounce, though. Just acting odd for how long momentum is taking to swing back in. VNDM must have gotten pretty far underwater with their position to try and control and block so hard. What are you thinking for next base build to launch? Looking over averages, I was thinking between 14-15 to be new base here tomorrow and Tuesday with highs still having heavy resistance at .19. Any thoughts?
Prices are cheap for the long run, but people will still whine tomorrow when the Friday profit takers come in and sell some of the gains. Not sure we are quite ready for the full run up. I think tomorrow light draw should set us up for that nice cup and handle with a good double bottom mirroring the last pop and drop. Then here maybe October in we see the more stable heavy gains, breaking over .05 hopefully into November. I will be collecting as usual. Good luck to everybody in!
Almost ideal amount of shares bled off at the right prices to satisfy MM streakers (hehe), now should be all back into retail hands for the most part, with small taps from the MM's for liquidity. Not as high this close to closing as I would like, which may restrict us to a .17 closing price tomorrow, but well set for next week. Nice trading, folks, and good luck to everybody!
That would help, but people are scared and happy to accumulate cheap shares. This is also all the MM's filling their naked short positions that I started talking about Monday night. All the way down to .12. Once they are happy they will bring it back up, too. They know it is worth more just as everyone else does. They just got in the hole too deep and pushed it hard back down, with the aid of retail group selloffs playing the .12-16, and .14-.19 legs. Like I said, it's the reload. End of day should see us rising back up and pushing back to .18 by tomorrow.
I think lots of people forget here that charts and trends are used by groups to entice sales and buys, as well. You can't just take that into account when looking at some of these. Nobody wanted to hear what I had to say three days ago, and it happened. Then I called for the at least drag back to .14 and was told it wasn't necessary or wouldn't happen. Other people purposely use shares to break trendlines or supports, then prevent resistance breakouts as well. They aren't everything, especially in the OTC when market caps are so low and easily screwed.
Almost identical trading action to last Thursday - riding lower trading channel, but just dipped harder today. Should see a recovery before close that might give us a light red/green day with overall small percentage difference. Another difference - last week naked short selling steadily increased, but this week started off strong and is turning down. Betting on a very low naked shorting number count today, with a rise tomorrow. Thought we needed a brush over the .14, and possibly .125 since that was where MM's wanted their return and would run suppression exploited by other trading groups. Hopefully .125 isn't necessary, since it looks like the MM's should have reloaded most shares now. Looking for the close around .165 today and possible retest of .19 to push .20 break tomorrow, with the primary movement coming next week.
I wouldn't completely count the groups out yet. That churning was great, but sometimes that chartist and a few tagalongs hang around to try and keep it rolling. Ending hammer was nice at close, though. Today was only Tuesday, too. So we do have the next three days. Hoping for the break back above .18 tomorrow for the trap to push to over to .24 by midday Thursday. Then maybe another light draw again Thursday pm if the groups stick around to play both sides again, and possible gap over .26 to touch .30 Friday as the rest of the short cover recall comes in. Might have to watch for another attempt at one more closing burn on the Friday selloff for exploiting any day traders getting out before week's end, though. My pattern predictions don't only come off the charts, but from people and who I see actively playing, then adding naked short numbers to see the possible MM motive for movement. I don't particularly blame the chartist, but the damned fool followers that attempt to wreck the tech play intentionally, because they have the extra $50-100k to play it their way at crucial turning points. Curious to see about that about that gap at .59, though. My apologies for not explaining more yesterday, but it was hard enough trying to defend the fact I wasn't trying to bash DRIO, but only trying to let loose a warning in the event something did happen. WORL's bid/ask placements seem to have been showing the hands somewhat ahead here, though. Might be good lead indicators of the direction they are choosing. Hoping to free another $10k up either by week's end or Monday to add a little more here, still. Lots of room yet for full parabolic run to set in.
They have been pushing above and below all day. Showed the .1498 ask much earlier than the drop. Now they have the .17 up on the bid. I think we have our movement north again tomorrow, but still some suspicion of a brush with .14 again. I think they were holding the largest naked short position and still maintaining some, but filled most of it in that flash crash this afternoon. The decline in naked short numbers gives me much more confidence for tomorrow's action. Not being able to break .19 was an intentional block, I believe, just to time it right for the drop without causing too much of a panic washout to drop DRIO to .10 by Thursday (like my prior worry stated). The new set looks like some of the gap still would need to be filled, but now the MM's should be almost out of time. If they don't get it tomorrow, and .18 is regained (target hoping by 1330 tomorrow), then any shorts left open should be eating the cost. Just my theory, though.