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As they say..."from your lips..."
Agreed I believe a preferred would be the vehicle but without a market for the preferred it would still have to be convertible into stock and there is enough to cover such a sizable transaction without an increase in the authorized shares. I just believe it would be a good sign to substantiate the health of this ongoing negotiation for the reverse merger with CLX.
Looks like there is a lot of covering going on at this level. Good sign. As always, I could be wrong and time will always tell and probably will around 2:30 today.
What happened to the other Two Steps? lol
I agree but KKR or whoever the Funding source might be needs to get something in return for their investment (Stock) and there isn't enough (IMO) to get a deal done without increasing the Authorized number of shares outstanding.
The increase in Authorized Shares would simply make me feel better. I understand what you are saying Doog but CLX (New Co.) is going to need more share to be able to raise $ to grow the biz and pay expenses like Salaries, Rent, Etc.. I just can't see how any of this can be done without an increase in the Authorized number of shares. There may be a way to close but no way to grow. IMO I'd appreciate all any and all input.
Pasoholics help requested. Lat week I posted a notion I had regarding the Need for an increase in Authorized Shares. Can someone explain how this deal can be completed if there are no more shares to use? I can't see how this is possible. There isn't enough cash on hand nor would I think anyone relying on CLX would cash out so early. Even a PFD> would need to be convertible into Common. Any thoughts would be appreciated.
Between now and tuesday of next week this stock is going to see selling pressure. Put limit orders in all the way down to .036.
EX.:20k @ $.045, 20k@ .042, 20K@ $.04, 20K2 $.038, 20K@ $.036. If it's ever going to fill that gap it's going to be during this next 7 days. IMO
Of course the float keeps growing...lol. Show me a single growth stock that hasn't increased it's float during the early days. C'mon you need to be better than this....
Jump1 is so hilarious to watch. He is like the most obvious person on this board. If you were to look at when he shows up its always on tough days. I can set my watch to him. Here's what we have.... I truly believe We have an amazing deal being put together as we speak. A deal that can make this stock a leader in a new Biz area. Medical report management. We now have just as dangerous a dynamic to our health as poor credit is to our finances. This new category will become an entirely new area of mass speculation just like the Internet in the late 90s and Medical Cannabis in the 2000s. We are all sitting on the next Pure Play giant in the new area . This company will be the standard that Gates, et al will be trying to catch.I have seen stocks go from $2 to .20 as they go o $15. Try to understand that the markets are taking advantage of this small group of loyal buyers for pennies while this deal percolates. Having enthusiastic buyers are the Bread and Butter of Mkt. Mkrs. and hedge funds. There will be frequent buying opportunities over the next 2-3 weeks and after that I believe we are going to see double digit gains. As always, IMO
Watching the Shorts at work here reminds me of watching the bias media at work. So obvious but nobody does anything about it.
Just watch this short manipulate this stock for months end. Use their effort to own cheap stock, IMO
I appreciate what you are seeing but I also know how frustrating it is for a guy in Joe’s position to be seeing things happen organically but then have to wait for the blood sucking Attorney’s to paper it all
Great, but that doesn't allow for enough shares outstand to cover the Convert. without authorizing more shares. I will be extremely happy to hear of an increas, is all I'm saying.
You can't issue a 100m sh. potential convert if there aren't enough authorized shares to reasonably cover it.
So how do TRU, Sirius, et al benefit?
There is only one thing that I am waiting for to confirm this deal is real. For years the PASO Board has maintained an authorized amount of shares of 750,000,000 They are at the level (or close to it) now. When we hear the PASO Board has authorized an increase in the number of shares (enough to allow CLX shareholders to get paid), then I will sell my soul and buy more PASO stock. That is the real trigger in my humble opinion. GLTA
Mid-America College Football Conference have cancelled their Season. NCAA has got to find a solution that takes the liability off the Schools, Conferences and Programs. I believe this to be the solution that Healthy America, et al. are going to deliver. Who knows who the leading Product/Service will be and we won't for at least 1-2 years so PASO is a fantastic "Pure Play" with low valuations and big players involved. Having verifiable conditions of everyone prior to comingling is a huge solution. GLTA
If this isn't real stock being sold.......ohhhhhh Boy this is gunna be GREAT!!!!!
Hey Jumpy....This is a group allowing another group in at low prices. Blast the price then cross a large amount then bring it back and let it go. You really are clueless, aren't you.....
We need to see a block trade down here!!!!!
I am sure we need to eat through the 2m shares dumped on the MMs yest afternoon before we can get some legs.
TRU has had only 2 sequentially down quarters in 10 years. The first was Dec/'14 and the second was 6/20 (last Qtr.) TRU has got to think about other verticals (Healthy America) for growth even in tough times and to broaden appeal to the International Markets (Covid Related Health Monitoring). This makes all the sense in the world for TRU.
Why Jump is Jumpy? Either he is upset that since March his appearance with "Scam","P&D"comments have always signaled a Run and made him look foolish or he is trying to get stock the Old Sleazy way. Regardless, He's the kind of creature that keeps OTCBB out of favor. The idea that a Grown Man would sped as much time as he does bashing little companies for the mere pleasure of it is very perverted. He's a buyer...lol
Boy O Boy this Canadian air is really blowing yesterday and still today!
Nice piece 500K at the offer.
Thursday, Friday are the real important closes. IMO
Not sure how this will all pan out but there will be competition. I understand the size of TRU but there are others out there of equal and larger size that see the opportunity as well.
https://covipass.com/
Do Not Represent, is the way they enter them. Either Clients OR MMs can hold orders without representing them on the Level II. But they need to have large enough order flow to get the orders (Buy or Sell) to execute the hidden ones. Only the MM that has order knows its there.
Ex. I give NITE an Order to buy 100k of PASO at .057 "Don't represent" NITE won't reflect the order on level II but if NITE is offered stock for sale at .057 or better they will take it and nobody ever saw the order on Level II. If CDEL gets an order to sell and doesn't call NITE the order will go to the MM on Level II bid and NITE never saw it. So it's a bit of a double edged sword unless you give multiple BUY orders to multiple MMs.
I hope that made sense.
I love to eat My Shorties, that's what I like to eat. I bite their little heads off and eat their little FEET! C'mon Pasoholics help me here. It will be higher at days end and you deserve to have some cheapies!
If everyone simply bought a small amount on the Offer or at least put limit orders in below the our bid it would help.
I love watching Canadians get squeezed!
C'mon Shorty SELL ME some stock!!
The end of the Month for Shorts. Pressure should be great on the down side. I know I'm buying all I can when the come at it.
No Speculation? You are really silly. What do you think 9nvestmentnis? Go bash elsewhere....lol
After the first 2.8 mill traded early on, you just blow on this with a little buying and it lifts!
I hope the "Fast Money" is gone so that "Investors" can enjoy a Staircase Share Price Increase Chart.
I can see that the short covered somehow. Otherwise this stock would still be under $.05 The sky is the limit now!
As soon as the initial buying subsides, shorty will be right back on this driving it SUB $.05.