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Hope we have some retail showing up... and calling the things by its name... And reporting it here... would be awesome.
To me... they'll support the PPS once they need to help conversion and wipe some debt SO it will be short lived. I expected good news before the vote. None. So to me: vote secured. I expected some news backing up the last 8k. None. You know... that no news on monday and we'll have an enormous downward pressure hitting... Hopefully they "show the cards" during the meeting. So yes I expect a short lived PPS increase between the vote and the Reverse (3 weeks I assume). Certainly I won't go through the reverse as I lost confidence in the way management is dealing with "normal life investors". I don't like to be bounced like a "puppet". I would say more: I hope that there is a big chunk of shares to be covered... cause the retail will be very cautious to really push hard this UP not to be trapped again in a incredible fast downturn.
I don't think neither traders nor investors drive the direction of the share price here. To me are the MM's who sets the "spark" and the rest follows... And behind the MM the financing behind ECIG. They have the proper insider info to set the direction...accordingly. For instance: after the 8k (3.000.000$ pushed just a few months) gave the right negatif frenzy to the MM's shorting it, covering or WORST probably converting (even with the AS maxed). No way that inversors+daytraders could make a 51 milion in volume. But hey... I'm IN. .Just a question: Do you think that if the company would have ,as a priority to sustain the PPS at this crucial stage, they have nothing POSITIVE, zero, nada, niet, to throw to the market as to protect it?. The only thing positive they said lately is that they negotiated with 85% of the noteholders... (but no official paper whatsoever...) Why? Well, I'd say because the inked official paper will come once the R/S is approved Tuesday ----> negotiation backed up by future conversions. So basically a done bussines to me. They're tied up with those guys and , at this stage, not to us. It might be well that they see the interest in communicating and supporting the PPS once the first round of investors is wiped out so I have to assest that with the current info available (not much...). To us remains the "Faith", "hope" or a "lucky strike".
I'm an inversor in metamorphosis... You see... I'm in inversor's side but the world doesn't work anymore like that (a pity... I'd say). Daytraders though are not your/my enemy: they provide liquidity and volume that you need to see your investment grow. So we're all in this togheter. In the other side we have a shady company tied up with crock lenders, and they want our money to grow theirs. And they want it without showing the real cards. That's the name of the game: passing money from one wallet to another. It must be a looser to get a winner. To me that can be made with honour!. Sometimes I win sometimes I loose.
If I see a changing attitude from the company I'll state it too... I'm just trying to be realistic with our current situation. Anyway have a nice weekend to all. I'm out for some sport. Back on monday to see the rollercoaster.
Agreed on that.
Because the last 8k has to be paid in cash or shares (3.000.000$). If you were the lender...: Will you sign that if the company had a real possibility to NOT back up with shares (to pay it, and that it's in june 2015) cause the vote went wrong? I will not. Did you see any effort from the company to seduce the retail?! I didn't. So to me the bussiness is closed and tied up. IMO
Fact is:
- Company has, I'd say... (cause lack of real info) real problems to keep paying working proceeds...
- Maybe once the company has washed all his debt... the real value will unfold...
But in the current situation (NOW, and the next months to come) my "problem" is how "we" fit here... and, as far of the info I have, plus the wherabouts of the trading... I'd say that we fit as "bagholders". I'm talking about the fact of "falling in love" with this company seeing what we saw from december to date. IMO.
Dan and the rest of the folks they'll adjust their shares and bonuses accordingly to the PPS, O/S and A/S situation. Remember that Tuesday they'll get a "blank check". They're not as tied to the PPS performance as you or me! In fact they're not tied at all: they'll get some or a lot!
Yep that is through the rose glasses... Fact is:
- We don't know which kind of plan has the company. Total lack of info. Lack of info drives to the "rumor mill" and that it is not a good source of advice for retail.
- We went , december to march, from 82 milion O/S to max out the 300A/S and on top of that pushing chunks of debt just for a few months... (so waiting close... to be paid, by cash or shares again)
- We know for sure that the cost of revenue is higher that the revenue: loss
Common sense here is clearly saying that there is a good reason to R/S: free space = to sell shares = to pay debt. That's the first and most crucial reason. They pushed chunks of debt as close as june 2015. Nasdaq? right now... Nasdaq is a distant dream...= with the PPS @ 0'09 and a 1:20 reverse we get to 1'8$ so very far away... You could say: Well... the debt can be paid in cash... Yep but we don't know... We can only stack to what we see viciously --->(dilution=pay debt= depressing PPS by shorting)) And if we don't know... common sense says... that it is because there is "no cash" to pay it "in cash". WE, the ones that will loose part of their money, WILL.
One thing is for sure: if the company doesn't show UP monday some PR to support the PPS then "every man for himself" and DOWN she goes!!! (I don't expect it). Those folks have a clear strategy: get the vote done. Reverse. Put some PR to get the PPS up and to trap the money from retail as more debt is converted. So... one must adjust to the game's rules! If somebody can adjust his strategy to that then.... some money can be made... but NOT TO WEDDING when you don't even know the bride's face...!! IMO.
Did you see the volume last days...? Just shorting? I doubt it... I wouldn't bet on that FACT: Float locked...?! We don't know as the company has gagged the info... For the looks...I'd say that the company is allowing to convert even with the A/S maxed... It must be some dilution going on on top of the shorts... I see no other explanation. IMO
up or down everyday is FUN here...
100% sharing your position. . They deserve no loyalty.
yep that was an incredible case: it reversed and during the lock up period did double the price up...Then, the first day to uplist to Nasdaq the management PR's a secondary offering to rise money...( THE SAME DAY!!!) The guys went to sleep with the bank accounts showing 100% increase and the day after it begun to trade 45% down from the offering price. So they went from dreaming with the 8$ in the bank account to finish the first day in Nasdaq @ 3$... It made me think about ECIG's... and the fact that they'll aply the R/S as soon as possible to rise money... So one leg up left and I let management deal with it...
Agree. 1 leg up left... and drop the bag. The way they're communicating doesn't inspire any confidence to go through the R/S itself. Pretty clear also that they'll probably apply 1:20. There is no need for heroes with that kind of corporate behavior. IMO
you kidding right?!!!
Somebody could hack that COHI robot to accumulate non stop up to 0'5$?
They're making a BIG TIME effort to get it. A long must be upset BIG TIME... But retail won't show up to the meeting to upset them. They know it for a fact. They care about the guys who are backing the 8k and those doesn't care about the PPS if is not to get money from shacking the "tree" (retail) while waiting to get paid.
This could have the same pattern as yesterday... COHI the "shepherd" driving the flock... End of the day profit taking...
They have 3 magical things= money+time+insider info. Enough to twist the retail "mental"... to go nuts... Emotional trading.
we set a volume record today. I hope green one... or I might need to take a plane and go to the meeting on tuesday...
Unreal. Taking advantage of the crap management we have.... Back under the bus again...It feels so good... Those guys will have tough time to convince investors (retail or institutional with this kind of moves...) to bear with them long term.
Congrats. Smart move though I think that without that 8k so close to the voting day we would have been churning..., and probably today go over 0'20$. 8k + voting looming - any back up PR= shorts fuel = crippled the stock. Not that easy to predict. Luck play also. IMO
Not a single short in ihub...for sure. So everybody here is a BULL. Just that some they're bull... but expecting to come in a lower price...
I would say short covering... more that accumulating... The 8k gave them a unique chance to do it in a big selloff. They where in the BID since minute one... and hedging the ASK down to bring shares to the "hoover" set at the bid (like a sardines driven to a whale mouth...). Non stop. If it was accumulation (because inside info driving to expect a major increase in PPS) I would say that other MM would have follow the pattern... I see the price going up... if the management WANTS IT. Big IF. Fundamentals are there. Communication IS NOT.
In fact most of the uplistings, from OTC, I saw (promising companies) tend to fail the fisrt (10%) day, not as badly as SLTD (here we have to take in consideration the fact that added to uplisting the company did a secondary offering in the same day...;-( ) IMO the shorts covered the 2 days prior R/S when going up from 0'16$ to 0'18$ and during the converting and uplisting period where price shut to 8$. Probably MM new that price to be unsustainable once new fresh shorts positions would take place on Nasdaq trading.
I don't share the point that you can keep your short position through a R/S and uplisting. When changing from OTC to Nasdaq the new shares get a new code so the shorts had to deliver them before uplisting. What I see is a short attack after the uplisting plus the offering. Just they exploted the confusion and the fear to bring down the share price (offering with warrant= 4'15$). Time will correct that situation.
I would say with all conversions looming on the horizon... that the Bank didn't find enough cash (inversors) to support that IPO. It was a russian rulet game: frenzy...buying companies and dealing with short term toxic crocks and betting everything (the house) on the IPO going through. AND then came our unforgetable december-january-february anthological, spiritual WALK through the desert... So the new CFO guy, who knows well that situation (as it was inversor in ECIG), and knows well the "crock's system" in OTC (as he's one of them) will approach it differently this time.
Lol you right... Traders sold for profit close to 0'15$. Back to gather up some more strengh for the second push , hopefully... it goes through...
It's a valid option...too but as the Nasdaq fees has been already payed...(last october, and are valid for a year?) I would say that they'll choose that way. Nasdaq would open the door to new kinds of financing... that would give security to the shareholders. IMO
There it comes our SYMBOLIC 0'15$ test...of the day. First exam...
I would love to see it going to 0,50$ with the spike reaching 0,70$... or closer to 1$. This...: between the vote and the effective R/S. All will depend on the kind of news that they release... I would say also that I believe they'll try to uplist as soon as possible after the R/S to raise some money and wipe out the short therms deals that pushed the debt further on...( latest 8k) . I don't think that they'll try to uplist just with 4$ so probably a 1:10 @ 0'50$ will do it. The higher they get the PPS before the R/S the more "ammo" they can keep and more flexibility towards the future. So I expect them play that game. They cannot screw it up a second time (uplisting), as it would be THE END.IMO
I would say also that the MM's knows that today was the last day to try to cover confortably... after the FEAR factor created by the 8k yesterday... Next week they'll have it harder for sure. IMO
Don't bet on that... We've been waiting for some news since mid february and so far.....= nothing. I don't see the point that they'll do it the day before the vote. As yesterday's 8K it seems pretty clear that the vote will go through. I would say that the PR will come after the vote, for instance, talking about debt restructuring (as the deals to be inked has to go first through the vote, that's the reason no official statement so far about it)... My guts tells me that they'll try to support the share price before the reverse to get a nice sthetic price to uplist. IMO
If it is to be our biggest volume ever has to be a green day...
It could be our biggest volume ever today... It could clear a lot of space to eventually run up.
in december, january and february all the MM at the same time were making fun shorting ECIG. I hope it continues to stop the bleeding to the end of session... We must survive today!!!
I don't know who's behind COHI but... today is our hero....
Thanks for the info.
Agree. Anyone: I certainly see uplisting to Nasdaq as quick as possible, once the vote for the R/S and increase in A/S are voted favorably. But I have doubts concerning the time of implementing that... So to anyone familiar with: Once the vote is passed the R/S and increase can immediatly take place or there is a legal times to be respected prior to put @ work?!. I heard some people saying that the soonest possible time is 3 weeks after the vote. Thanks if somebody could provide with the legal period between the vote and putting in place the R/S...