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Unlikely. They'd be leaving wads of cash on the table, as their shares won't be affected by a r/s. Most likely retail bailing. Not looking good, though.
I'm thinking it will recover a good bit. Consider that all conversions are now at a fixed price of .15. Also consider that the shares given to company officers in lieu of salary were placed at that same price. Yet here we are below .11. Does anyone think that the above mentioned will be happy with a nearly 1/3 cut in value for their shares?
Picking up shares here seems like a good buy imo, depending on your timeframe.
So institutional investors aren't interested in increasing shareholder value? I think (my opinion) that what the company is interested in most is stability in their share price. Steady upward growth as opposed to large, volatile spikes and fades. A rising tide lifts all boats, does it not? As a retail investor, why should I be offended if I am not priority 1 so long as my primary goal (return on investment) is met?
I will admit that such a scenario does not bring stability in the short term, and it does not allow for groups to easily come in and control the stock, which is why I believe that many of the previous 'longs' are long gone.
Thank you. I was about to reply, though I try not to feed the trolls. The CEO gifted those shares to a charity. He did not sell them on the open market.
One could argue that it is likely a moot point, since whoever received the shares were free to sell them, but the point is that the statement made about Kent dumping shares was false.
Haven't seen the letter. Just the video.
No, not officially. It was mentioned that it would likely be necessary to reach the sp minimum for NYSE, hence the bloodbath. Sad thing is that buys are heavily outweighing sells. Wish I had some free cash to average down.
Those things could take a while. But you know the OTC mentality. Dump at the first mention of an RS.
I can't claim to know the timeframe. I'm just giving an opinion. I think that it would make the most sense to get on the other side of the potential Q1 acquisition that was mentioned and any conversions that are going to be due in the near term prior to doing any sort of r/s so as not to jeopardize the post reverse sp and their shot at NYSE. One can only guess at what they will ultimately do, though.
Interesting. So I didn't consider that they could use LPC to stabilize/raise the sp post r/s. It is a 36-month term. Good point.
I still don't think that you see news of an r/s before the S-1. It would make the most sense to wait until after any pending conversions in order to keep them from killing the post r/s price, as well. JMO.
Really anyone who is able to pick up shares down here are in good shape so long as they don't need to immediately turn around and sell them. This should see .15 bare minimum (that is the price for debt/salary conversions) and I would imagine that the company will leverage the LPC agreement to get it up to at least .20 (the sp used in the shareholder letter video). Not to mention the dividend. Short term may be a little bumpy though.
Don't have PM but I've watched CSTI move off of the ask at .10 after being hit not long ago after we first dipped below it.
I will not sit here and blow smoke, however. This movement is no bueno. Could be shorts pushing down to cover, and there is definitely manipulation going on, but anyone who has bought in the last three months is now underwater. At least folks who pick up here can play the bounce, and I think that at least .20 will be in sight post-S1. GL
No one. It is a scare tactic based on how it has moved off the ask when hit a few times already.
Why are we certain that it was an insider?
About what? Aren't you the one insisting that the CEO is selling? Seems unlikely to me. At the very least, it's not the most likely scenario imo.
Any T Trades?
MM games. Started as soon as we hit above the 50 SMA at .1905. Then came the large (fake) ask walls and MMs lining up below it so it wouldn't be tested. Profit takers/flippers took it from there. Someone doesn't want us to go up too fast, but we are headed in the right direction. All IMO.
Kudos to whoever just hit the 108k ask. Was starting to get annoyed.
Looks likely that we will be closing below the 100 SMA. Seller isn't doing us any favors.
108k asks have been walking it down for some time. Obviously not for sale per se, but meant to keep the current trend going. Currently (barely) holding above 100 SMA. I guess we'll see what happens. GLTA
I think that it is the truth. A lot of OTC stocks get stuck and manipulated into channels by groups and flippers. There are often few remedies for companies that find themselves in this position. Should we blame the company for that?
I'm not one of the pumpers here selling dreams of NASDAQ in Q2. I think that the best thing for the company to do right now is stabilize and focus on grow the business. Trying to appease every OTC speculator that hops in hoping for a quick pop is a sure recipe for failure.
I can understand your frustration with recent events. I share some of them. This is a message board for discussion and you have every right to share them just the same as those who are bullish on the stock share their thoughts. I don't sit on stocks that I don't have any hope for, though. I've done that enough times to know that it isn't a winning strategy. I think this is just a bump in the road. If you don't, act accordingly. GL.
That same poster later posted a clarification:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153198343
I see no lies in this statement.
Only way you could know that for certain is if 'we' are the ones selling...
The 117k ask keeps coming down lower and lower. It doesn't seem to want to sell, however, as it disappears when the spread is tight. You wouldn't classify that sort of behavior as manipulation?
I didn't know that PRs could sell shares themselves. Pretty sure it is the 'sell on news' flippers that do that. I'd add in folks that waited until the new year to lock in gains and possibly groups mad that the company doesn't do things exactly the way they want exactly when they want them to do it.
Could the dissolution of the Crow acquisition and/or possible acquisitions in progress affect guidance for 2020?
Can't discount the fact that a lot of folks are coming back from vacation this week. May be selling sub-.10 shares that they didn't want to pay the tax bill for until next year. Can't say for certain but it could be a possibility.
Today's action is the epitome of why we can't have nice things lol.
Let's do some math. Alpine expects to report 2019 rev growth of 96% compared to 2018. According to the last 10K, the total revenue for 2018 was $14,261,794. Add another 96% on top of that and you have revs of nearly $28M ($27,953,116.24 by my calculations - let me know if I missed something). Per the last 10Q, we were at 20,690,014 for the first nine months of 2019. That means that they are expecting revs of around $7.3M for Q4. Solid, if not spectacular, growth compared to last quarter ($7.08M) and really nice growth YoY (<$2M). If they can beat those numbers, it'll be a nice quarter for the company.
Hmm....
Can't wait for you to flip sentiment and start pumping should this start running on the news about the $5M capital raise.
Santa was a little late this year, but we still got a great present! Wonderful news.
First time in a little while that buys outweighed sells. May be due to the holiday week and we still have some folks trying to hold it down but, as you said, I'll take green over not green any day of the week.
I'm sure the drop triggered a few stop losses and panic dumps as well.
It's be interesting to hear ETrade's reasoning behind sending that email several days after the fact.
Either way, we've tested the 50 SMA. Time to go back up?
They sent an email out early this morning regurgitating the DEF 14C.
Looking like a slight gap down is coming. You suppose the email from ETrade about old news has anything to do with it?
But the LOD wasn't .20. It was .21. You missed your prediction by a wider margin than ALL-IN did (EDIT: even though he never said that it wouldn't go any lower than .2137, only that it filled a gap there), yet you are denigrating him about his miss...
Oddly specific range. So that is your bid at .205. Got it. GLTY.
Still don't. You see us down 1.49% on 340k in volume and dilution is what you come up with? Pretty tame dilution, then.
Low volume consolidation is what I see. At worst, you could say that there aren't many buyers at present.
AKA they want it to drop so that they can load for the next flip. Ridiculous.