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Buying NVCN right now is a fools move, holding for the sake of holding and having blind faith gets you broke in a slow bleed. The earnings propaganda is likely put out by paid "analysts". The smart money is going to wait until some or all the negatives about this stock have worked their way thru. That means waiting for dilution to complete first and see what the REAL O/S are when the dust settles. Then there is the R/S that will DEFINITELY happen and at the rate they are diluting, may be sooner than later. The likelihood of bankruptcy is decreasing IMO but still possible. Don't buy into the BS about this stock and DON'T buy with emotion behind it. Mind you, money can be made with quick flips but pick your in and out points carefully. Good luck!
According to the three day rule, it should be but likely won't. There is no catalyst to bring on a rally. This stock is totally a slave to the commercial investors and dilution. The last half hour rally was only on about 3-4 million shares compared to 200+ million shares of down slide during the day. I'm afraid tomorrow is going to be more of the same until NVCN gets into the .02's IMO
Massive dilution and subsequent share selloff is bringing this stock to the "CAPITULATION" point where everyone has finally got it that this stock is going no where but down in price and value until the dilution is done and the reverse split (that has to happen) happens. Then about a week after the R/S come back and take a look to see if it's off life support. All this, in spite of the fact that, yes, NVCN has two or three products that when approved and come to market will be HUGE; just not anywhere near there yet. Another 200+ Million share day. IMO
This could go anywhere, down, up or sideways but right now I'm thinking if it gets under .0230 by much the sales will let off to get it to rise to .0230 or higher when it approaches full dilution. Of course it's very possible that my suppositions are wrong and this could tumble to .01 or lower too. IMO
Probably 40-50 million was retail selling and the rest was dilution from warrant conversion sales. I figure, based on the sales action over the past few days that NVCN is at about 800 Million OS by now or more.
I figure the dilution to be done and the R/S to all happen by the middle of July at the latest so NVCN can maintain a share price over $1 and market cap over $35 million for over 30 days to stay listed with the big boys. By that metric they need to maintain a share price, at full dilution (1.52 Billion Shares), of approx. $0.0230 or better for it all to work or they will have to dilute further. That said, theoretically the bottom is close. IMO
Thing is, NVCN does have a great couple of products in the pipeline and the company is a buyout candidate, but at what price? That said, the stock itself is crap, you can't average down to make a buck because all it knows how to do right now is go down with no appreciable let off on the SELL side. So, that said, bottom, well there is always .0001 that seems like a safe call right about now, unfortunately.
Now look for a small price recovery for the rest of the day. The panic selling mixed with the the warrants being exercised and shares subsequently immediately SOLD, it created the perfect storm this morning. Now the storm will lift for a bit but I would be surprised after this mornings action if it gets much past .044 for the rest of today.
just NO!
Yeah, they dumped 60 Million shares in a mass exodus in under 30 minutes! Think that's a new record for this stock. The sellers are running for the exit! It's PANIC selling at it's finest. The never ending dumping is going to kill this stock quick if it doesn't let up.
They dumped harder than normal on this right out of the gate. New resistance is around .040, that's SAD, down 25% at one point! Now big buyers are moving in for the flip sales. Look for a rebound to mid-.04's for now.
I think this will bottom for the day soon, likely at .0460 and hit resistance level @ .0450 before a small rebound to near .050 range. If it breaks .045 today though, all bets are off! IMO
Sorry but pre-market open price and volume tells me the range never sees above 0.060-.0608 today and likely breaking thru .050 into the high .04's, but likely will end the day a touch above .05, IMO. Until the dilution spigot is turned off this is only going down slowly.
If its still worth playing with it, sure I'll be her. Sorry, at my message limit for today , no more insight for you. And, No I don't think anything I say will EVER move this stock at all. The SELLERS are doing that just fine!
Goody for you, so now you have a 400K share looser in your portfolio.
Hey, I told you exactly where this stock was going today. DOWN!
Exactly! Thank you... Apparently PT Barnum was correct, "There is a sucker born every minute" he once said. Boy was he right here! If you buy this stock right now, you would be a FOOL! You WILL loose money. A MUCH better time to buy it is ahead, maybe...
Not so funny now, is it.
Yeah, OK watch.
If you have SELLING then you have people BUYING whats being sold BUT if there is SELLING pressure it brings the ASK price DOWN... so there overall is SELLING going on right now into any strength on the BID line. The selling pressure, for now, is being backed off when it gets close to .060 but that's totally under control of the SELLERS right now and NOT the BUYERS! That SCREAMS "DON"T BUY" right now to me.
It's unlikely based on some calculations I made this weekend that this will likely be ALLOWED to go as low as .01 but .025 on a fully diluted basis is what I figure it will be. Still above the $35 million market cap needed for listing. It will take a 2-3 months to get there at the rate they are going. JMO
And MASSIVE selling into it, that's why share prices are going DOWN! 32 Million shares sold already today in an hour and the price is going DOWN not up. This is glaringly obvious!
I've said it before and I'll say it again, "I believe that in the end this WILL be a successful company that will be worth quite a bit", HOWEVER, they are going to do it on share buyers backs right now and those share buyers will loose both short and long term when a much better inflection point is coming for this stock price down the road. My advice is to patiently wait and NOT buy right now but I don't expect anyone but me to do that. Until this is FULLY diluted and we see where the share price is then, that's when you consider buying, NOT while it's being massively diluted to 1.5 billion plus shares. You do what you want, all adults here.
Yep, but just about the degree of dilution speed. Give it time, this will be back in the mid-5's today at some point... just taking longer than I thought. This DEAD CAT is not going to bounce with 25 million shares changing hands and no share price move... just good money after bad here.
Mid 5's 15 min after open, watch...
WRONG, it's well over 600 Million by now according to the companies statement a couple days ago that "As at March 28, 2018, the Company had 477,441,751 common voting shares issued and outstanding. Further, the following securities are convertible into common shares of the Company: 9,419,117 stock options with a weighted average price of C$3.13, 74,277,272 warrants and a convertible note that could convert into 22,431,507 common shares (not taking into account the alternate net number mechanism in the Series B Warrants and Series F Warrants or the alternate conversion price mechanism in the Notes). Our fully diluted share capital as of the same date is 583,569,647. Our fully diluted share capital, adjusted on the assumption that all the remaining Series B Warrants and Series F Warrants are exercised using the cashless alternative net number mechanism and the outstanding Notes are exercised using the alternate conversion price at the closing price on March 27, 2018 is 1,519,760,607." from the companies 6-K Form filed on the 28 of March, 2018. Just so you know.
So again, they lost the continuing income from that business. It's gone, sold and they aren't getting the $3 Million + a year they were getting from it.
Because I only get it right about 60% of the time and don't play with money I can't afford to loose. I'm not about to bet the farm on any stock.
Yeah, well this Mario joker is in the GREEN in this stock, how you doing?
Thank you, again it's all about experience and take emotion totally out of the equation, look at the FACTS only and don't buy the hype!
Alright, here is a little insight. 504+ Million shares outstanding presently, 1.5+ Billion Total OS (after all present warrants are exercised) If you watched the daily dilution and factor in that those holding the warrants want the most bang for their buck, it tells me very loudly they are going to pound the crap out of this stock very quickly while there are still buyers willing to purchase this stock at these prices. It's all about research and knowing how this crap works.
Don't get all upset, this will have a "dead cat" bounce and if your smart you can get out and cut your losses. Give it a day or two...
Well it's a NEWBIE move buying this at .07 when you could get it @ .055 soon...
BSX has dumped NVCN as a supplier, you really need to READ the statement from NVCN that came out yesterday. NVCN's earnings were DOWN substantially (millions$$$) because BSX pulled business away from NVCN. BSX is not going to buy this company any time soon (year or two or more), if at all. Get your head out of the clouds people. NVCN WILL survive and likely do fine "IN THE END" but after most of you pushing this stock realize that it was at share buyers expense. Until well after the reverse split and possible bankruptcy this stock should only be played with carefully and not kept, if touched at all. Have fun, life's short!
Here is how this will play out with the future of this stock folk's: there will eventually be 1.5 plus Billion shares, there will be a price at that time of about .0015/share and there will be a 1500:1 reverse split that will bring the OS back down to about 10 Million shares at about $2.25/shares. Then NVCN will sell a bunch (millions) of shares to fund it's trials around $2.00 each and the company will be fine... share holders that went for the ride will have pennies left. It's called "wash, rinse and repeat". It's common here in Pennyland. This isn't a stock you want to Marry, just take it on a few dates and move on, if you do that you might still make money with it, if you time it right. If not, well maybe you shouldn't be dealing with Penny stocks. Try scratch-off's!
Only, if you are looking at stocks considering "bankruptcy" as an option. NO, I repeat NO stock puts this in their statement UNLESS bankruptcy is a real and likely possible outcome of their efforts to stay afloat. I get it, no one wants to here this but it's the truth, believe it or don't , that's your call. Again, good luck!
Keep telling yourself that and you will be broke soon going, "how did this happen". Been there, done that, LEARNED from my mistakes over the years. NVCN as a company WILL survive and may flourish, eventually but at the shareholders expense, that's how it's done. They will rebuild on your money but not mine. Made some money and time to go... good luck!
Anyone saying BUY here is either a "newbie" or a fool. The signs are clear as day. LEVEL II has been saying it for days, I just played the pattern and made a few hundred off it. Done now. Good hunting!
You are a lucky one to get out when you did, this is NEVER coming back, it's going to be a blood bath in the morning, unfortunately. I can't believe some are saying "AVERAGE DOWN", guess some like to throw good money after bad... sad.
Two things JUMP out of the company statement today: ONE: 477,441,751 Shares Outstanding as of today, not terrible BUT if all warrants that are issued to date are exercised that count moves up just a slight amount to 1,519,760,607 shares outstanding (or more)! TWO: "These circumstances create material uncertainty and cast substantial doubt about the Company's ability to continue as a going concern." is also an excerpt from the company statement too. These two things should send EVERYONE to the exits on this stock ASAP! Mark my words within a month, if the warrants continue to be exercised, this will be a SUB-PENNY stock! Sorry but those are the facts! I'm out as of early today in the pre-open session, I saw it coming today, GOOD LUCK ALL, save what you can!