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On all of it or are you talking about the 25's?
How could you have cleared 70k 25's when there wasn't that much there?
Or it may not fill for a long time or never. Stocks that merge or are bought out never merge and then there's stocks like FB. The people waiting for it to fill are kicking themselves.
There's a gap dating back to 2013 at 24.68.
http://www.nasdaq.com/symbol/fb/stock-chart?intraday=off&timeframe=8y&charttype=candlestick&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off&sDefault=true
If it's going to run there, I believe you'll see it get there shortly after the open. Keep in mind that it only needs to be up 30% more to get there.
I have to disagree with you. I believe that MM's covered their shorts going into the long weekend and not knowing if news hits on Tuesday, so it would make more sense to let the stock run up before trying to re-enter a short position.
Smart money shorts covered going into the weekend. Those that didn't can now find themselves with a gap up on Tuesday since there is no need for the big boys to hold this down at the open.
Someone must know that there's a buyout or something big coming. Why else would it run like this on a Friday before a long weekend?
Saw you did the same with MJTK yesterday too. Congrats.
Up over 300% and more to come on Tuesday.
This traded millions of shares on some days in the past. This is just the beginning. This bad boy is gonna fly. Keep in mind that the float isn't that big.
.01 is a given today. Monday will be huge too.
So why were they selling their stock so cheap if they knew anything? There is no stock to dilute with the volume we have. See you at .01. LOL
Shorts scrambling to cover before the next leg up. This is just the beginning of a huge move. Funny how the shorts try to scare people into selling.
Well, if everything was peachy hunky dory and they had as much cash as APPL, the stock wouldn't be at these levels......would it? The bottom line is that it got oversold and any decent news can run this to .01 or higher in a heartbeat.
This is just the beginning. Good news announcements usually hit on Monday's.
$$$$$$DCAC$$$$$......BOOOOOOYAAAAAAAAA!!!!!!!!
Just added another 3.7 million shares. GO DCAC!!!
Go to DCAC website and you'll see him there as part of the team.
DCAC seems to be perking up
I've been skeptical about this but there seems to be something going on. Not sure what it is but it looks like it's ready for a nice move. There are more and more people eyeballing this and someone's been accumulating while it's still sitting at .0001. Picking some up before it makes a big run. GLTA
It doesn't matter where it's recorded, the fact still remains that for every buy there is a sell just like he said so what part of that is wrong? Are you trying to say that there can be buys without anyone selling any stock?
That's a good point. If Victor does a huge reverse split, he could get this price to be $3 for a moment before it plummets again.
That price target has been sitting like that for the last year. Knowing Yahoo and their poor financial coverage, they forget to remove it. I challenge you to find the analyst covering it that maintains a $3.00 price target on it. You'll never see this thing at 3 cents let alone $3. But you're free to keep buying and putting money in Victor's pocket.
Although it is true that PSID has sales, they lose over $1 million per month. And with a greedy CEO that pays himself a million dollars per year. So there are stinky pinkies out there that may not have as much in revenues, they don't have as much overall debt either. This company is bleeding cash month after month, year after year. There's a good reason that the stock has been going south since its inception and just a matter of time before they end up in bankruptcy. That will happen once the CEO can no longer dilute the stock. The SEC has a limitation on the number of shares a company may print.
POSITIVEID CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Nine Months Ended
September 30,
2016 2015
Cash flows from operating activities:
Net loss $ (10,317 ) $ (6,886 )
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization 251 187
Stock-based compensation 2,908 1,315
Convertible debt discounts and premium amortization 5,306 2,942
Loss on extinguishment of debt 6 233
Change in fair value of embedded conversion option liability (1,424 ) 1,446
Change in acquisition obligations (107 ) —
Gain on sale of investment shares — (336 )
Allowance for collection of note receivable — 135
Note issued as consideration for services 145 129
Changes in operating assets and liabilities:
Decrease (increase) in prepaid expenses and other current assets 456 (13 )
Decrease in inventory 1,214 —
Increase (decrease) in accounts payable and other accrued expense (39 ) (89 )
Increase in accrued interest 471 447
Decrease in deferred revenue (1,724 ) (2,571 )
Decrease in tax contingency (58 ) (215 )
Net cash used in operating activities (2,912 ) (3,276 )
Cash flows from investing activities:
Proceeds from sale of investment shares, net — 336
Cash loaned for note receivable — (135 )
Purchase of property and equipment (8 ) (4 )
Net cash (used in) provided by investing activities (8 ) 197
Cash flows from financing activities:
Proceeds from debt financing, net of fees 3,076 3,891
Payments on short-term debt (189 ) (638 )
Net cash provided by financing activities 2,887 3,253
Net (decrease) increase in cash and cash equivalents (33 ) 174
Cash and cash equivalents, beginning of period 173 145
Cash and cash equivalents, end of period $ 140 $ 319
Supplementary Cash Flow Information:
Cash paid for interest $ 70 $ 48
Cash paid for income tax $ — $ —
Non-cash financing and investing activities:
Conversion of promissory notes into common stock $ 3,270 $ 2,581
Stock issued for prepaid services $ 159 $ 149
Reclassification of embedded conversion option liability upon conversion of debt $ 3,026 $ 1,240
Premium recorded on debt $ 447 $ —
Reclassification of stock settled debt premium to equity upon extinguishment and conversion of debt $ 28 $ 2,082
Discounts recorded for loan fees and original issue discount $ 320 $ 638
Embedded conversion option liability recorded as debt discount $ 2,270 $ 4,307
That's just one more failure this company had. They didn't buy up one lemonade stand.
Already have. There is no "them", it's one guy in a 800 sq. ft. apartment. He doesn't respond to e-mails and when you call the number, an answering machine picks up and doesn't even announce the business name. I left numerous messages and never got one call back.
And who is going to pay these team members? $2 in cash can't buy them coffee.
Why? That still leaves you with nothing more than a shell stock that has no business, no revenue, $2 in cash (and that's probably gone too), and tons of debt.
"as far as I know, it is a merger news", "but not sure", " but it is all good", "RS cancel and merger will bring revenues for them" LOL
And if my aunt had gnads, she would be my uncle.
So you're saying that if we meet with him, he'll give us insider information before he makes it public? Sounds like he's not too worried about going to prison.
If news does come out, those holding off to see what happens will be out of luck because this will gap and go.
The bulk of resistance is at these levels. Once it get's through the .0002's, it's gonna fly.
Those .0001's are going to get taken out. Today should be the last time that you see that zero bid.
I've got a feeling in my gut about this stock
Maybe it's just indigestion.
This stock is sooooooo cheap.
500 shares of DCAC = a soda can you find that you can return for a nickel (10 cents in Michigan).
The only difference is that the soda can is free whereas if you buy 500 shares of this, you'll probably end up with a worthless certificate.
Wrong, there will not be an FTD because the short side is meeting their obligation. CDEL is self-clearing.
DEFINITION of 'Failure To Deliver'
An outcome in a transaction where one of the counterparties in the transaction fails to meet their respective obligations. When failure to deliver occurs, either the party with the long position does not have enough money to pay for the transaction, or the party in the short position does not own the underlying assets that are to be delivered. Failure to deliver can occur in both equity and derivatives markets.
BREAKING DOWN 'Failure To Deliver'
Whenever a trade is made, both parties in the transaction will have to transfer the cash and assets before the settlement date. Subsequently, if the transaction is not settled, one side of the transaction has failed to deliver. Failure to deliver also can occur if there is a technical problem in the settlement process carried out by the respective clearing house.
"An RS is considered a dividend, only owners can benefit from a dividend and receive new stock after an RS. Show me where it states a short position can be held without owning the security."
A RS is NOT a stock dividend.
"Stock dividends are similar to cash dividends; however, instead of cash, a company pays out stock. As a result, a company's shares outstanding will increase, and the company's stock price will decrease."
I am not going to disprove a negative and try to show that a stock can't be held through a RS. It's up to you to show that a short position can't be held through a RS. I wish you would stop making up things and posting them as facts. I don't know where you get your information from but I hope that no one here takes you seriously.
You have no way of knowing if CDEL is short this stock or not.
I worked for a hedge fund and they were a market maker who also took short positions. Why wouldn't CDEL take short positions since they are not only a market maker but a global institution that provides a wide range of investment strategies? Since they are self-clearing, they don't have to worry about margin and fees that a normal investor incurs.
8 million shares is what's available through Interactive Brokers only. The hedge fund I worked for would call the clearing agent first thing in the morning and put in their orders to lock in on borrowed shares. Once they borrowed those shares, they were locked up for the day whether they shorted them or not. Since CDEL is sell clearing, they could borrow far more and the rest is left for retail.
Who told you that a short position can't be held through a reverse split? Why can a long position be held and not a short? I never heard of such a thing. There isn't any rule anywhere stating that short positions must be covered prior to a reverse split. I notice that you give advice on issues like this but I would caution investors to do their own DD since you appear to be giving bad advice that could prove harmful to investors.
Here is how FINRA handles changes in securities when they go through something like a reverse split.
At the beginning of each short interest reporting cycle, the Regulation Filing Applications (RFA) creates a "draft" filing for each FINRA member that reflects the short interest positions reported by the member during the previous cycle's reporting period. If, however, an issue symbol that was reported during the previous cycle's reporting period is no longer active (i.e., the issue symbol has changed or expired), RFA currently designates the issue symbol as inactive and does not allow the member to input a position for that issue symbol for the current reporting period. The short position must be added to the member's filing and include the correct issue symbol.
Beginning with the February 2007 short interest reporting period, issue symbols are designated as active or inactive based on a security's Issue ID number rather than the issue symbol. This modification to the system resulted in changes to the member's "draft" filing. Specifically, if a security's issue symbol changes between reporting periods, the draft filing displays the most current active issue symbol for that security along with the short position the member reported during the previous cycle's filing, even if that short position was reported under an issue symbol that is no longer active. Also, should a security move among the NASDAQ, OTC equity, NYSE, NYSE MKT and NYSE Arca exchanges or market centers between reporting periods, the draft filing displays the most current active exchange or market code for the security along with the short position the member reported during the previous cycle's filing. If a security moves to an exchange or market center other than NASDAQ, OTC equity, NYSE, NYSE MKT or NYSE Arca, RFA designates the issue symbol as inactive and does not allow a member to input a position for that issue symbol for the current reporting period.
Volume kicking up and getting ready to fly. Someone knows there's going to be news Monday.
Whoever was buying all the .0001's until they took them out certainly didn't profit on that. My guess is that they'll be back to run this at the appropriate time. In the meantime, the weak hands will get frustrated and sell at the offer. Just my opinion.
PATIENTS....PATIENTS.....PATIENTS!!!!
You guys must all be hoping to become doctors.