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Just look at RGSE (Real Goods solar). Is a Nasdaq one trading at 0'37$ right now (under 1$). If they fail to get over 1$ (for an entire month) in a few weeks they'll be delisted. If they get over 1$ for an entire month and then drops again under 1$ they get a new "mercy" period of 6 moths to correct it. In such a cases a company can trigger a R/S to get over that 1$ target if they cannot get it by normal market valuation. So, basically, no worries about to be delisted!!! It will need a catastrophe...
Correct. If under 1$ for one full month you get a Nasdaq requirement to correct the situation before a expiration period of 6 month. If fails to correct... and go over 1$ for an entire month consecutive then gets finally downlisted. But that's a long way to go... and the fundamentals remain intact. By putting a secondary offering the first day in Nasdaq the company provoked a shorting frenzy. Certainly doesn't look like a sensible and smart move but those guys delivered until now... and they must have a plan. Solar is the future. Even with oil prices low... most of the solar companies got a nice rebound... and then the Climate Change summit in Paris (december 15) approaches... and I see agreements to take action in cutting fossil fuel emissions...This time Solar is here to stay.
I would say a lot of shorting going on... When there is a secondary it triggers automatic shorting to take advantage of the shareholders confusion and eventually FEAR so they dumb their shares keeping the price bottoming momentum. Virtual shares that somehow will need to be repurchased.
I would say that JN is a "Lannister" and will pay his debts...to shareholders!!!
I see the shorts taking advantage of the "FEAR factor". Certainly the way the company has unleashed the events has helped to create that Factor. Once the thing settles I would say that will go BACK to its place.
Try to cool down... I got into ECIG @ 0'09 all IN in late december... It kept going down to 0'032$ so you can imagine the "stress"... And now 2 months later it's going parabolic close to '20 and up... Very important: is the company legit and growing... Eventually it will bounce back hard. But you need to take patience which, I agree, it's hard "to swallow". Very frustrating but a part of the process...
3 years holding SLTD and loosing money?!!! Explain that... as doesn't make sense to me...
I see you look to life in a "ROSE" color... The moon could fall also...
Mark this post: in your dreams...! Wait to see when a new acquisition hits... It will trend like last year..., so the 2nd quarter will move again sharply (MD revenue added). Climate change BIG summit in Paris coming to the end of year also...
I would say that once finished the panic selling it will go slowly up to close green. The selling rythm has stop... so people will take time to think again... Sorry to those trapped in this uplisting issue.
karma-police will get you....
Agree. Those guys in OTC never get burned. They have the inside info to short, feast on it, and then feast on the way up once covered their positions... Is people like us who get burned all the time.
As for myself I'm waiting for the MONSTER Spike... This thing has been so twisted by the shorting since november that we can say that "a dead has come to life"... And like a twisted string from a bow: has to unleash a GOOD shot!!. At least one,
We have to say that I can't think of a better learning place (about OTC...) than ECIG through conversions and now shortcovering mood. Lots af good info here (really TOP posters) that gave us a real lifetime info about how this game is played. Priceless.
Right now we have 3 possibles issues that can unleash an epic spike: MM covering before the vote (vicious covering) + peeps getting greedy to share the cake (PPS) and rushing in + A good PR showing progress on the roadplan.... I can see that perfect storm going close to 1$ (between the voting day and the release of 10K and the end of the month, maybe later, the second week of april) . After that monster spike...: everyone for himself...!
You chasing it now... You should kept those low ones you had...
up... up... by bits of 5000...shares. MM covering and bring it up. They did it the same way down and doing it again the way up.
Holding very well the 0,16$. Some churning there and up we go to test the 0,20$... Soon the frenzy, from those who were skeptical... and NOW feel the pinch to be IN, plus the covering before the vote will push it upward... inexorably. Greedy will make HER fly very high... at leat once. We have 3 weeks prior the 10K. It's time enough for the perfect storm (people rushing+covering+speculations about revenues).
well you know... we had to endure all kind of comments about our investment...here from some "folks"...So as a conversions "survivors" now we can truly open the Champagne!!!
Congrats to all LONG who went through the conversions between december to february and hold. I deserved reward. Very profitable reward. More to come.
BTIG's remember me the ARCA's good times... (december-february) With just a difference: more than try to push down the price is trying to block the push UP. Big difference. But the inevitable will come sooner or later.
It seems to be the AX today... Which it is your interpretation of BTIG today's rol?
Anyone has info about BTIG's nature? There it goes : 725.000 on the bid @ 0'135
Steeming UP after coiling... Maybe we get DOWN that 0'15$ today... once and for all!!
slowly getting to the position to take off and crush that 0,15 wall and start a totally new "chapter" here. Not today (i feel) but maybe tomorrow. Logic says that a PR should come. Even a fluff one will get us over that critic and SYMBOLIC 0'15$. Our Wall will fall shortly for sure.
in mute mode. Just watching the board. But long. I think the time has come for the ones that "travelled" through the conversions... (very interesting time INDEED) Noteholders got their party. Daytraders also. And now is our time,
For exemple: dilution, when the right PPS and right moment , to get cash for a buy (other company). This is OTC: you don't get normally the credit lines easily so you use "shares"... as you saw here since november (paying the noteholders). If done in the right context it can be positif (not like they did it under Mcornick era...).
For exemple to reward employees with shares to keep them motivated... and loyal so they work to increase the company's value.
and how do you know that they'll be cash flow positif? So far they're burning cash: cost of revenue higher than revenue. You telling that they'll reverse that in 3 months...? Well I don't think so which doesn't mean that ,in the future, they can get it (with a proper plan and implementation). The same company advice people to agree by voting R/S and increase in A/S... At this stage the R/S won't harm the PPS potential IF (important!!) they have a proper plan ahead.
Agree. A humble approach does it!! The rest is misleading people... and loosing credibility. For sure that someday it will be a PR.... (it's nearly 1 month without...)
Agree. The vote is already done and it will be a R/S. The PPS will go up as the R/S has been discounted largely since the first proxy. The fact that the company doesn't put any PR out shows that they're not afraid about to loose the increase in AS and the possibility to apply a RS. Doesn't make sense no R/S if you pretend expand (or pay debt) and you have no shares left to get liquidity.
RS exemple of what can happens with a real company, real revenues and real will to uplist to a higher board (like ECIG): 2 days ago... SLTD$, now, throught the process of reversing, ticking as SLTDD$: Not from few years ago... From yesterday....
1) 1/26 split.
2) Time of split quoting @ 0,16$ the prior day
3) quoting @ 0,18% the same day of the split
4) price after split: 4,68$
5) 2 days through the implementation quoting @ 7,77$ (yesterday), going as high as 8'88$.
6) Do your maths.... and ask yourself if the shareholders are happy... The day of the reverse notification they were anguished... like most here. The worst case scenario here is gone. The worst case scenario was the november, december, january and february carnage... note conversions...
It makes me wonder why they don't keep the shares with such clear potential ahead...
Anybody has a guess in BKRT action today? Pretty impressive the ammount of shares dropped...
What they know, for sure, is that there is "fear"... They explote that: with no info from the company they can keep bring it down at will to the moment that they have to change the direction... Anyway they'll make money. But now they just ride down at will. No obstacles. There is so many accumulated frustration that nobody wants to jump in. You tell me: who will keep the price up?
Still in... but I'm dissapointed with the way management is dealing with this situation. Just don't get it. Maybe there is a collusion in shareholders interest right now and we, the retail, are being trashed. Let's say I'm running out of patience... and I'm not in a position just to see it going downwards with no reaction at all. Certainly somebody will make money but to call a bottom and to be there at the right moment seems a "mission impossible" under current circunstances: lack of info.
BKRT has a BIG BAG to release... At least ARCA was showing his cards... BKRT just pushes down with a hidden shares... Solid as a rock.
Cheers for the info.
Yep... go to the Nasdaq would be fantastic but they cannot screw it up a 2nd time. Do your numbers... with a 20:1 RS we go to 0'9$... Do management expects to give the right signal to the market reversing at that price...? The time is running out... and I understand that they need to reverse in a date not that far away... so they can continue to pay with new shares... Are they taking the timing accondingly? or the plan, actually, is that there is "no plan" and they live by the day...? (as Willis stated in that private email)
BKRT the "ax" today... Anyone has an info about them...?
Lol. That is a "trendy" grandma! Good for her!
Those are a projections which are not coming from management ( a private email from Willis, but hey... Willis was also stating no RS for sure!!! so = "0" credibility. What we could imply by what the people is seeing in distribution channels is that there is OFFERS everywhere, sometimes 2x1 offers... We can accept that in terms of penetrating market, but with a PRICE: it can come to NO surprise that the COST of the revenue has to be bigger than the revenue itself... Make the numbers... and see what it gets when you have vicious noteholders running behind you... We have to add that working with big distribution channels implies lower margin and being paid late. But ECIG has a big strong points (distribution channel; European market; transiting from ecigs to vaping, etc...) but management doesn't EXPLODE them strategically to support PPS by right COMMUNICATING.