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Says there will be multiple closings with the first one to close this Friday the 29th, at the very minimum of the $7M raise if not more. Hopefully they will also release how much management and the BOD contribute directly in the raise.
Market maker games continue today, selling small lots of 500 shares at .0997
I agree the pps could stay here for a while, but I disagree that everyone participating in this offering will sell the shares on the open market, at least at these levels. I'm sure some will do so but most willing to put up this money will do so as an investment based on the timeline management has given us for milestone achievements. They can then double down with the purchase of the warrants which then give us even more money to get through a chunk of 2018.
In reality, none of us on here have a clue. We are only speculating at best.
Even tho the stock performance had been terrible for a long time, I continue to be a fan of McNally and Co. and look forward to hearing about the closing of this offering, management's contribution, and next milestone achievements. They have righted the ship but it takes time. This has always been a long term speculative play for me. I have managed to get my cost basis down to about .38 between my two accounts. If successful, I imagine that all of those that held tight and added at these levels will be very well rewarded in the coming years.
Good luck to everyone!
I think the offering closing at the full amount with significant insider buying should in and of itself be a reason for the pps to move higher. Maybe not significantly at first, but if you are truly an investor why would you sell at that point? Furthermore, as people have pointed out here previously, milestones are being met, management is working hard, SPORT is closer to design freeze. Once that happens and we inch closer to FDA approval I would think we should see a material uptick in pps then, which I believe should be near the end of this year.
I really hope they fill this offering (even tho dilution sucks) so they have the funds to get us into 2018. Furthermore, I really hope management and the BOD kicks in a significant amount of their capital, at least $500K but closer to $1M would be huge.
Correct, those shares are not traded on the open market unless and until the purchaser has them electronically placed in their account and they sell the shares on the open market. Furthermore, the offering is likely still open and has yet to be closed. The 21M shares you referenced traded over the past few days have come first from the news about the RS, then the news of another equity offering at .11. That final news is what drove the stock price down to the .105-.12 range. Mostly market makers selling stock here as well as those "emotional" traders, some on the board here have admitted to emotional selling.
MMs then ran it back down with more big purchases at the Bid. Big volume the past few weeks.
Big afternoon late purchase just now. Moved the bid back up to .11, also a 200,000 share lot was bought at the ask earlier. Good risk/reward at these levels for sure.
MMs heavy on the ask today...
Great day for CLF! Shorts going to continue to get squeezed. Steel sector continues to get upgrades and I think we will see a rotation back into some of these beaten down names very soon. News from Washington will drive this stock even higher faster.
Love to see all of the buying! Big volume these past few days.
Agreed. All of the buying since Friday, I would have to think, are all of us retail investors adding to our positions. I personally have added 100,000 shares between my retirement and brokerage accounts at these levels. Who knows, I may add more in the coming days... It appears MMs are also trying to add some support here at these levels, albeit minimal. They are filling any order at or around .11. I imagine we remain here around .10-.12 for a while, at least until the offering is announced. Big insider buying should help pps pop, as well as future PRs announcing milestones achieved on time. I truly hope the BOD and management dig deep and shows us their convictions with large contributions to this raise.
6 months in and McNally and team are doing well, considering the cards they were dealt. Financing is always an issue for pre-revenue companies. Hopefully we get a Max raise here which should allow our team to be off to the races with milestone achievements! Dilution is what it is, but if we get to the finish line we will all be rewarded handsomely. Good luck to us all.
I am not sure about tax advantages, but I do know they can be executed at anytime within the 5 year period.
Just grabbed 40,000 more at .113. Cost basis down to .39 on 200K shares. Way more than I ever thought I would own... Now I wait...
Guess we will find out once we know the results of this raise. Anxious to see how much management and the board commit to this raise, both individually and as a whole.
I agree that it makes sense they should have raised at higher levels but here we are. I still believe in McNally and team to get us to the finish line, assuming we raise the money needed. If they hit their goals then this stock should go higher, thus the warrants will then be executed at .15 to give them even more money to get through a chunk of 2018.
We shall see... Going to continue to be painful for a while longer I imagine.
I believe some of the selling at these levels is purely due to panic, the lower the pps goes of course. I scooped up 25,000 a minute before the closing bell at .137. Couldn't resist! Come on McNally! Give us some bid supporting news soon!
300,000 share print at .1392
I just doubled my position today as well, I could not resist buying here at .15! Count me in on a Titan junkie as well. I also have a concerned wife and we pray this is going to work out well in the end for all of us who have been here from the beginning, or close to.
I saw that today as well. Great news!
Brutal... Still hopeful this is a win longterm. Short term is very painful...
Agree 100%! Doubled at $5.66 last week. Love the risk/reward here as you say, both short and longterm.
Great day for us longs! I certainly hope this can continue for days and weeks. We are way oversold and undervalued here at sub $6.
Added again today at $5.66 when the stock was down over 8%. Not sure why such a heavy initial sell off today before it recovered some.
I added again yesterday. Cost basis down to $7.07. I agree this company/stock has huge potential both short and long term. I believe we see $10+ pps before the end of the year as the third and fourth quarters should be great for this company. Short term it will still fluctuate with the volatility in IO prices. Long term there is a new story taking place and we are in the early earnings. Those that understand that will reap huge rewards longer term.
Steel stocks running and shorties gonna get squeezed soon! Loaded CLF at $6.18. Hope we get this nice run to continue back to the double digits. This stock is way oversold and trades like the CLF stock of old, when it was loaded with debt and struggling. Now we have solid cash flow and our CEO has dramatically reduced our debt and will continue to do so. Excellent turnaround story here. Great for a short term trade and long term value!
Been in X a long time but never posted here... Glad you had a good trade and made money! However, X has broken out of a downtrend as of today and it could go significantly higher from here. Shorts will start to cover soon too if that is the case pushing this even higher.
120,000
Ya this is a head scratcher... if I had to choose between your options, then it would be they chose not too. You don't fill a raise, including purchases by insiders, and not also sell shares in the over allotment. And Mac also said something along the lines of insiders or he himself would have bought more but the raise filled up, right? I don't think he would lie about that... But in prior raises there were shares bought in the over allotment... Therefore I have no idea and I'm not sure why they did not update us at all about it...
I think Mac has done I good job so far in his first 4 months and I'm excited to see where the next 4 months takes us. The only thing that scares me at this point is continued dilution. I know it's very likely to continue but I hope it is at higher levels and we don't get so far diluted we don't ever make any real money here... Perhaps we will get lucky and get that partner soon we have all talked about to provide funding through commercialization?
Interesting that two days ago volume was almost 1 million shares, and the majority of shares bought at the Ask not sold on the Bid. What does it mean? Who knows... But someone(s) thought this was a level they wanted to pick up a bunch of shares. I hope it is a sign of good things for our PPS to come shortly, but I'm cautiously optimistic. I feel that us longterm shareholders are due for some positivity. Come on Mac and team!!
I am. Started at 1pm eastern with 19,500 share blocks. Now lately it has been 22,000 share blocks, about 12 of them the past hour. Interesting...
Nice buying momentum today. Will it continue? Will we get pps moving news soon? Hope so!
100k share bid put up at .339, 60,000 left to fill it. Feels like MMs showing little interest on either side past few weeks. Hope Mac can get us money outside of dilution!
The $2M was a deposit. I would not think they include that in their "cash on hand" figure. Easy to give back and like I said earlier, McNally is focused! I believe great news is coming shortly. We as long term shareholders (been invested since 2011) are due for good news!
McNally is focused! I like it
Just cancelled agreement with Longtai. Market responding favorably
There are many of us on here that share your same frustrations, and have a significant amount of money tied up in Titan. I do think McNally and his new team are our guys to get Sport to the finish line. The latest silence is deafening for sure, but as of today, I still believe our patience will be rewarded. But I do believe we need updates as soon as next week on the overallotment, future funding, recent achievements, etc.
Time will tell. I for one still like McNally and his new team, and our chances of success in the next few years. I'm hoping he is smart enough not to repeat the errors of prior management. So far so good, but a non-organic run up only to raise more funds here at these levels would have me shaking my head. Probable that this could be that, hopeful it is not. I do know we need more money but I would not think so quickly from the last raise. Plus, they have not even announced the over allotment purchase yet. I would think we have funds on hand to last into the middle of summer or so, giving McNally ample time to raise more money...
I think we are just taking a breather here today. We cannot jump 15% every day after all. And more support, hopefully, that this is not a capital raise driven rally. McNally is out there raising awareness and excitement about this opportunity and people have begun to buy the stock at the lows.
Let's hope it can get back to those levels some day!
.35 and hoping for continued momentum tomorrow, perhaps up into the 40s...
Exactly! Higher and higher we go .36 now
I really hope not... But no one on this board has any clue at this point, and if they say they do they are lying. I have noticed the MMs have let up unloading shares. McNally is out there working his butt off to garner interest and perhaps this buying is just that. Plus, as we know, the buying escalates on the way up just like the selling did on the way down. These OTC stocks can move very quickly as we have seen many times here with Titan. Happy to see the move and am hopeful it is for real and we have seen the bottom in Titan. But who knows... we still have a long runway ahead of us.