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You are correct that they are putting a $70 / share valuation, but that is for the ADR, which means you divide by 40 to get the pps 1.75 which is less than half of what it is now. They do say that they know it's much lower than the current price, and that once LNG starts meeting deadlines and agreements that it will go much higher than what it is now...it's just a waiting game.
LNG has to tell everyone that the BH deal went through which will happen this following week most likely. Then they have toll agreements which bring in revenue. Also the main ASX stock should get upgraded into the ASX200 once they reach 2 billion market cap so all of these things will eventually lead this stock to keep going up. So if you're the type of guy who likes to see his balance every day then this is not for you...if you're in for the long term then this is a great stock.
Thanks. Monday will confirm that. I saw ARCA show back up and diluting at 3:55 pm EST on friday after disappearing for 5 mins so this is iffy.
Who were these emails from?
The issuance completes it....but how many of those shares are still left to be sold?
What was your email to them?
Funny considering I'm probably one of the few in here who is actually up on this stock. Keep on trying to guess when the bottom is going to come in. Not my fault you don't know how to trade these types of stocks. By the way it's would 'have' not 'of'. Please go back to 1st grade and learn English.
This is hilarious. Right.. The diluting started on August 18 and the # of shares became known on August 22. Your argument is that the CEO is shady because the chart has been falling for 'months' whereas dilution has been going on for a week. I'm picking 'one' word out of the sentence because you're making an accusation calling the CEO shady based off of nothing. You see the issue here? Probably not because it seems you don't know much about anything. Go take your meds and go to sleep young man.
So basically your argument is the following: stock has been falling means CEO is shady
Ok bro. I bet you have made so much profit trading stocks.
See that's the thing. We have people like you come on here speaking literally out of their asses. You have no clue what you're talking about so why bother writing on here? People like you are the reason ihub is a joke.
Irrelevant. Answer the question. You're just speaking non sense now. You said the CEO is shady. What is the basis of this statement?
CEO is known to be shady? Provide proof...evidence...some links? Just your opinion has no credibility unfortunately.
It won't hurt...it only clarifies what we already know except now we have a # associated with the dilution which imo is better.
Would you short a stock that is down 95%? Use your head. Everyone knows a bounce is coming, but your logic made no sense...you don't use shares you already own to cover a stock you are shorting....
What in the world are you talking about....there is no shorting. There is blatant diluting going on. Look at the chart. Look at the volume...I also suggest you learn how shorting works because from your sentence it seems you are clueless...about everything tbh.
It's called dilution
There is no need to guess. There is an 8k out telling us exactly what is going to happen. The stock is already down what 90% ? If you don't call this tanking hard then what is?
Do you understand what dilution means? 49 million shares were given out....do you think they're just going to keep it? They will sell it and smash the stock price which is why it's been falling this entire week. As for soon? Who knows...there needs to be enough people who continue to buy the stock until they are done selling all of it.
New 8k says 55 million new shares out....today sell volume was 14 mill or so. Over the last 4 days the total volume was 25 million. Assume half of that was sell so combined of 26.5 million shares sold this week....and a lot of those shares could've just bee regular people so let's just say for arguments sake that 80% of it was them gaining capital so.... around 21 million shares sold by DRIO...meaning still 34 million shares left to go next week....
Someone please correct me because I really want to be wrong...because if I am right then this stock is going to plummet even more next week.
That was average price.....not price he bought it at.
>has higher priced shares
>will continue dumping at lower prices..
Doing it wrong...
Indeed. Even worse now. Not sure why people are selling...at this rate we'll be back at 3.40
Crappy day on ASX today...down 5%....not sure why
What ticker price are we looking at? And is there going to be an equivalent US OTC version of the stock? Like how Tweed has TWMFJ
I'm expecting a few red days before we start moving up again.
This board from what I've noticed is more for koolaid related stocks, aka penny stocks. They aren't really popular for legit stocks.
It is slowly creeping it's way there...I prefer this slow move rather than huge 10% gains...that is what caused a correction.
Nice r/s ....not. Where are all those pumpers saying this is going to 10 cents before reverse split? LOL ....where are all the ones thinking it will go to 10 dollars after split? LOL....ihub is always good entertainment...some of the non sense people come up with to try to pump any stock amazes me.
This is headed to at least $15 within a year. The question is when, which I cannot answer. They have tolling agreements which will bring in money. The new acquisition is going to create more money. I think they will eventually pick up another acquisition which is going to cement the company and get the ticker around $10. As long as they continue maintaining their deadlines, everything looks good. This is just my opinion....do your own DD before investing. I've been in since 90 cents.
Few things. First remember we don't exactly follow them to the penny. Also there are times we go up beyond their asx price which means the next day even if asx goes up 3% we may only go up 1% since we already went ahead even further day before.
8 mill buy / 54 mill sell volume today...dilution is terrible when no one is buying. ..
Ouch down 33.3%
I sold for a small loss. Can't believe I got into this pos.
I don't get it . .bid is at 7 yet somehow selling at 6 is going on......wtf
And now vfin is at 8...are they diluting or just random
Lol 30 mill bid whack at 6???? Wtf this is such junk
Any time someone puts a bid on 8 it just get a whacked immediately lol this stock is junk
Let me guess....is it down cuz of asher again??? Wasn't that sob done ?.
Indeed. 6.5% as we speak.
Fib retracement which way? :P up or down? (I can't do ta on my phone ). As for ta we could do it on LNG's stock although not sure about you but I can't get the aussie stock to show up on any of my charting tools. We need someone on the other side to help out.
Nice presentation. Looks like ASX is just up enough to match our stock in US (they are exactly at 3.38 AUD right now which is 3.14 USD). We'll see how it closes.