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The last one was title ‘WEEKLY SHAREHOLDER UPDATE’
I assume that means we’re due for another...
Wonder if we get another premarket update tomorrow
Looking at the 3 month daily chart, 100MA provided some nice support for the dip. Guessing we're going to have two immediate resistance levels ahead, before breakout to .20+ can occur.
Levels I'm looking at are ~.12 (purple) and ~.15 (50MA - green). Breaking the 50MA to the upside would be very bullish and I'd guess the trip to .20+ would be quick.
Looks like name change already happened in iHub
Just got back from my run...finally a nice weather week in the Northeast.
Looks like some nice buys happened while I was away.
264k, 78k, 85k, 73k
Would be really nice to get back above the 50DMA soon (~.15)
Tentatively looking like OTC (as a whole) is turning around.
Hopefully $CBBT follows suit and Eric comes through with filings or acquisition soon. Would be nice to get back to the .18-24 range organically before news hits IMO.
Oh I'm sure he is well aware...probably (hopefully) why he has hired additional folks to get the past-due filings updated ASAP. I briefly spoke to Alan in IR at the end of February and he said that he passed along many, many concerned emails and messages.
While I do not like fluffy weekly updates, I'm guessing/hoping that's all the legal folks have advised is allowed. And I'm assuming he isn't allowed to give any guidance on the specific nature of the delays.
Been like that a long time
Same. IMO they should've followed their original guidance and worked to get those past-due ones completed in parallel with acquisition, submitting as they were completed.
Their investor pool is limited until that stop sign is removed.
NICE
I blew all my dry powder the past few days in the .07's and .09's
Oh well...when there's a $ in front, won't matter much.
I spoke to Alan last week and asked about the filings, specifically why they had decided to wait until after the acquisition to get the past-due filings updated. (Originally I believe they said they would be releasing them as they were completed, regardless of acquisition timing.)
Response I received was 2-fold. One he mentioned the 'valuation' issues that numerous others here have heard about as well. Second he said that resources were focused on getting the acquisition complete.
I'm guessing that they received MANY similar questions/complaints and have decided to devote extra effort to getting those past-due filings complete ASAP. It will certainly improve their company image to be current & reporting, even if the acquisition is still being finalized. Would also help them be available to trade on more platforms.
Just my two cents.
Yeah....you're wrong.
They are obviously not as correlated as a big board stocks are the major exchanges, but they are subject to the OTC general market conditions.
Not a bad day overall considering markets were pretty red across the board and yesterday was a big green candle. Added a couple .091's to the IRA stash, so I'll take that as a small victory.
One day closer to acquisition, let's get it done lawyers...
Actually just over 6 months from LOI date of August 25th.
Wayyy off...PPS was in the trips this time a year ago.
Nearly $1M put into PKG acquisition thus far according to Eric's update last week.
Let me know if you find out
Hopefully not before my funds clear...
Come on people, do not buy a stock with a STOP sign and with no current fillings. Basic 101.
Well I wish Fidelity would let me make my own risk tolerance, I'm not concerned about that. They've posted PR's and answered emails consistently saying filings will be brought current in conjunction with acquisition.
PKG wants to be acquired and together they are already planning the new overall business and corporate strategy under the Cerebain 'umbrella'. That's in black and white, posted on their own website.
Nice. I'm pissed that my Roth is with Fidelity and they don't allow you to buy CBBT
Not explicitly listed in their manufacturing capabilities.
https://www.pkguis.com/manufacturing-capabilities
Sure hope so, market futures are very positive right now. Fingers crossed markets rebound in March.
J&J vaccine approved.
Anticipate Covid relief bill to be passed by mid-March deadline. (I’m sure Senate will cut some stuff out first though.)
Drop to .24 was almost guaranteed to fill that gap. Wasn’t surprised to see .18 hit even. But falling to the low teens on market weakness was tough to watch.
One day closer to acquisition and filings...
Hope they run soon and it works out for you!
It’s unbelievable/sad folks are listening to all the FUD going around. Many can’t seem to understand that PKG WANTS TO BE ACQUIRED. They stand so much to gain by going public with Cerebain...
Transferring funds now in case it keeps going this week.
Nice. Can’t believe it touched .10 again.
I expected the drop to fill the .24 gap and wasn’t surprised to see it go down to .18.
Hope this whole market environment improves soon...way oversold at his point.
Monday starts a new trading month, thank goodness.
Let’s turn these markets around! Most of my OTC tickets have been in lockstep the past 2 weeks. Time to move North again.
Some bedtime reading for ya...
https://www.investopedia.com/articles/trading/05/playinggaps.asp
You’ll hear all sorts of theories and stances on gap theory, so it’s though to know what exactly to believe. There is certainly no hard and fast rules.
Been playing in pennystocks for over 10 years now and the best I can give you is that MOST gaps will be filled eventually...
GLTY
$RXMD surpassed 1,000 StockTwits followers yesterday.
The word is definitely getting out there.
Looking at the chart, it is certainly due for an upwards correction.
Notice the MACD is about to touch the signal line, as it has several times previously (yellow arrows), before price bottoms and turns back up. Additionally, this has been preceded by a falling red volume trend, indicating number of sellers is diminishing.
Finally, price has reached the 50DMA, which can provide support.
Considering the accumulation that has occurred in the past week below .20, any decent buying spree or positive news could send price rocketing back up fairly quickly.
So Eric just flew there to discuss...???
Acquisition is undeniable
In PKG's November PR on ClearMask, their President explicitly talks about acquisition as if it's already a done-deal.
In Eric's January 31st update, he mentions 'seen and unforeseen complexities' delaying the acquisition finalization. Likely the death of former CEO Homy Panahi played some role in this delay.
All of these Cerebain updates are also posted on PKG's LinkedIn page, so they obviously still working towards acquisition.
Now we know Eric met with all the CEO and PKG executives last week. What do we think they talked about? Hmmm....
That IS on PKG's page idiot.
Did you miss the big "PKG User Interface Solutions" banner at the top?
717 $RXMD followers now on StockTwits, up from about 500 this time last week.
Word is getting out...
Snagged a couple .18's this morning
nom nom nom
I feel bad for them, but hopefully people will learn from the past few weeks of market madness to use legit brokerages in the future.
Agreed.
I'm also thinking early next week with the announcement. If you all recall, wayyy back in November, the guidance from Alan was "Apparently we are waiting on one document from PKG In which once it is received can be turned around within 3 days and then the acquisition can be finalized.".
While a lot has obviously changed since then, I imagine they may still need 3 days to turn around the final paperwork. Speculating of course...
Tuesday PR perhaps?