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For better or worse, this is a slowburner.
Actually this is actually could for investment purposes, but not so much as a quick trade.
I foresee something like PLUG a couple of years ago.
It would be nice to get news first, but financing and then a push is more likely.
$0.15 still seems a good round spot for that.
I expect to hear that the JV is official as of October 1 for simplification of reporting. Also note that government fiscal year is from October 1, 2016.
So, if people want to panic instead of wait, I will do my job as a trader and buy when no one cares and sell when there is interest.
Why not only put 5% into one play and then you can play many?
I played NVAX $1.50 options and made out well.
Hmmm ....
http://www.princetonresearch.com/money-info-live.htm
Most videos have 0 views and the highest is 55 views.
$70,000 was truly spent well.
If the company announces anything tomorrow, we know that many new people will learn about the company. Maybe 55 people in the next 2 weeks.
Big Time.
Tonight we will order the can of Coca Cola instead of tap water to celebrate.
Highly unlikely that financing would be higher than current prices.
If someone was having tight conversations and knew that they could buy $0.15, would it not explain the non-stop selling in the $0.17s?
I think it's dirty that someone may have known a financing was coming when Wednesday's news hit.
Management did say it was coming, but it's different when you are negotiating the price while others are being told "good" news.
Big thing about the S-3 is that it states that a maximum of 1/3 of the market value can be sold in an offering.
So, there is no 100 Million share offering coming.
Saying such just shows you didn't read the S-3.
Again, I anticipate that someone short the stock recently knowing that they would get shares.
That's what makes the GLG Pharma news disgusting.
Regardless, financing was expected at some point.
I was hoping that someone would buy and then sell on the run. But, I guess we might have to accept that someone sold first and will buy to cover.
EOR Agreement along with contract news hopefully sends this up, regardless of financing order.
So, what do you think if someone had advanced knowledge and perhaps knew they would get shares when "news" was announced on Wednesday?
Do you feel cheated that someone else may have known an offering was coming within a week?
Would you have held your shares through the bs?
What do you guys think?
Although they clearly talked about an S-3 during the conference call .... is it dirty if someone knew it was coming immediately and sold into that GLG Pharma news because they knew (the general public did not) that cheap shares - like $0.15/share - were coming within the next week?
Now that the preliminary S-3 has been issued, I am sort of happy.
Why?
Well, I pretty much knew that they were going to issue shares.
However, I have strong feelings that shares have been pre-sold.
That is to say that the offering will be shorts covering.
Again, it's a nasty thing, but hopefully after it's formally announced, we stabilize and start a decent news cycle.
As to the sizing, you can estimate a couple of things, one, it can't be for more than a third of the current outstanding. (That's what the s-3 says.)
So, at most we are looking at 28 Million share offering.
I have a feeling like Monday we will hear about 10-15 Million shorts as of September 12 and then it wouldn't surprise me if they suppressed and sold it down recently.
They have no issue selling $0.17 and $0.18 when they know $0.15 is what the company is selling.
The institutional shorts always win. I was hoping that Bob would stick them. But unfortunately Skyline had to get on it's knees.
So, I expect financing soon (next week?) and the EOR JV agreement soon thereafter and maybe we get lucky and October/November sees contracts.
It is possible that Bob sticks the shorts, but it doesn't seem likely.
I firmly believe that the offering has been pre-sold.
So, perhaps after a quick dip, it races off.
A man can dream can't he?
It feels like someone is smothering this.
I still think the big orders are to influence sellers.
It seems like someone is wanting to accumulate.
What they want is for holders to sell and for other potential buyers to hold.
Management clearly said they were close to filing share registrations.
As in, DILUTION.
What if the shorts mucked it on Wednesday because they had to?
Think about it. Who benefits from share walls?
Their purpose is to drive fear.
Dilutors don't want feared traders/investors. So, it doesn't seem likely that they would use them.
These are just my thoughts.
Maybe there is no short position at all.
Maybe some people get access to short data earlier, but I wait until NASDAQ posts it.
We shall see how big of a mess (or not) on September 26 after 4pm.
BOOM, BOOM, BOOM!
ATF pounding on the Door!
Is it the real cops or fake ones?
How does everyone feel about finding about the situation of the shorts after the run (delayed of course) Monday afternoon and then news Tuesday Morning?
Hmmmm....
Can Bob Myers cause shorts to be lit up?
To me this seems like the best way for it to run.
The shorts get squeezed.
And then they'll get their handout as they always do. But at prices higher than now.
A man can always dream!
BOOM, BOOM, BOOM!
ATF!
Best drop everything you got!
BOOM, BOOM, BOOM!
ATF!
LAST CHANCE BRO!
It's not a fake drug heist bro!
Short position gets revealed soon.
So I expect fake ATF calls to spook holders.
September 26, we will get to find out how much trouble they got.
Maybe it's Dilution and we should have listened to the banging on the door instead of mocking it.
With Yellen saying no raise, I expect some money to flow back in to speculative stocks.
This kind of needed news, but I think the unknown factor of the FED weighed down a lot of speculative stuff recently.
Seems like EOR stuff is more likely in October, but we shall see.
Don't you find it strange that we didn't get the official JV agreement with EOR? It seemed like the logical step this week.
Things like this don't help with keeping people interested.
The votes were for the JV, but now?
That's why the stock price crapped out.
I mean, we were told about multi-million contracts, now they are saying Streamway needs modifying?
LOL, WTF?
I feel like they shorted early in the run, and have to keep it capped.
If dilution or an R/S comes, they will eviscerate the longs.
Of course, I could be wrong, but the trading says it's either shorts or dilution.
I am an optimist! I was expecting EOR JV agreement this week.
So not sure about today's release.
Bah. My optimism is already failing!
Oh well, 5% means I can sleep.
The only good thing is that today's trading is establishing a higher floor.
Would like to see 25 Million in volume, but we shall see what happens.
Shorts hoping for the big dilution.
We shall see if it comes.
September 26 at 4:00 pm, we will know how many shorts there were as of Sept. 12
I think over 10 Million and maybe close to 15 Million.
Too many shorts for this to fly.
All they do is average up.
Play accordingly.
Have a core position and trade the rest.
Filings said they just gave options to executives.
Insiders usually get such things while price is still low.
$5 seems a little too optimistic, $0.17 seems a little low.
We shall see, but I doubt this is as high as it goes.
FYI,
I expect a lot of FUD this week.
On September 26 (next Monday) we will have short data for September 15 settlement.
This will be the first time that short data is released since the run began.
There is short data from August 31 settlement, but that's from August 26 trade date - before the run even began.
September 15 short data encompasses up to September 12 trade date.
September 15 settlement short data is available from Nasdaq on September 26.
If there is as many shorts as I believe their is, they would really love to have massive dilution before their position is revealed.
Of course, they can always cover - and they could be now.
From August 11 to August 26 ... short interest increased 1.2 Million.
Soon (September 26), we will know if and how much it increased from August 27 to September 12.
Will be interesting to know how much has been short with the belief that an R/S or massive dilution was coming.
Shorts are just messing around hoping an R/S comes before news.
If you listened to the CC or read the NRs, you would know that they are not doing an R/S right away.
Contract or Financing news is coming soon.
I don't think it can go to $1 on it's own, but $0.50 might be.
Shorts are pretty much screwed unless an R/S or massive ATM offering happens.
Either way, I am trading this and have a core position should it fly.
Free shares and building more.
Just like the smart big boys.
Shorts went all in on the first day of the run and pretty much have to sell more. They keep on averaging up.
Found this T S video.
LOL.
Pretty obvious this guy runs a short selling chat room.
Why else would you talk about how awesome a stock is .... but no one can make any money on it?
Nice dissuasion strategy.
This week they gave Directors some nice options.
I expect the annual report to come out shortly, but not sure if the company is going to announce a stock buyback.
Sadly, I doubt a dividend is coming, but not much I can do against management who want to keep money rather than distribute to shareholders.
Would love to be surprised, but don't expect much.
Still holding a small position.
Contract news or financing is up next.
If you listened to the conference call, you would know that getting a contract could eliminate the need for financing as contracts become self-funding.
That is, you do one contract and than move on to a bigger contract without financing.
The reason why a financing may come is because the company needs a front runner.
That is to say they need someone to stabilize the price action.
A financier may take that responsibility if they are able to invest cheap.
So, at this point, with 2 different ways to go, I don't see much downside.
Yes, financing would be done at a discount, but it would provide a strong hand into the future.
I think someone has accumulated a lot of shares and we should see some good run.
Just like any other opportunity, I can be wrong .... so I am not going to go all in.
I just think there is a lot of things that look good here.
My belief is that on the other side to accumulating, some one else has short the stock in the belief that it will fail.
If good news were to come, this may explode.
I encourage people to look into Plug Power. That company nearly went kaput in 2013, but over the course of a year went from $0.16 to over $8.00
Of course, that may not happen here, but to always point at failure and think this will crap out .... well, I have good counterpoint.
I believe shorts got caught and they have been spinning in the hopes that the investors rejected the R/S again.
If company announces contracts before financing, they will fry.
Financing will bring out people to sell shares but it may be short lived as company may be close to some deal.
I think this is an interesting play and have put a little into it.
No matter what, you can be right or wrong. Those people who bought NovaV probably didn't think it would drop as it did.
All we can do is act in a way that 1 thing doesn't wipe us out.
Of course 5 or 6 bad things could happen, but let's think positively!
Shorts are trying to keep this under $0.20
I would love contract news, but not sure if we hear financing first.
If anything about contracts come on Monday, then we will see shorts frying.
No worries, they made out like bandits on NovaVax, so, I won't lose any sleep for their children.
Where's the $0.08 shares I was told were coming with the yes for R/S?
I am liking today's low volume dip.
I didn't expect buying as most are waiting and many believe that R/S is immediate.
Either way, results should be available after market closes.
Most have already decided to be in if they were playing the news.
I may lighten up if it runs today, but I don't really see why it should.
Still some confusion on timing of things after the vote.
But if it goes through, I expect financing soon and news cycling up thereafter.
Too much FUD from those wanting cheap prices.
Yeah, you are here to protect me.
Conference call clearly said they had interested parties who will likely buy after the A/S is raised.
Either way you see it, lots of trading opportunities here.
Again, so we are trading above $0.15 how and why?
So, retail can run a stock from $0.08 to $0.25 and generate Millions of volume?
Trading suggests it's more than retail.
Maybe I am wrong, but it seems like it's worth risking a small portion of my account.
So, what's your thoughts on the high volume and price increase?
Is that all retail traders?
Did every share sold above $0.15 go to retail?
Of course, I feel that the stock will go down because so many people believe that come the end of day September 15, we will see an automatic 1 for 25 share split and 100 Million Shares given away for free,
If the company were to R/S immediately, they would likely lose a lot of shareholder faith.
They already lost a vote in regards to an R/S, so they should know that they can't simply gut the current shareholders.
I also realize that this week may likely see the major indices come down (because of FED RATE HIKE speculation), so there are many catalysts that will see this and other stocks see their prices decline.
The difference is that I believe that this stock - in the short-term will out perform other opportunities.
You must feel the same at some level, otherwise you wouldn't be here. Maybe this stock will see the $0.08 you speak of and rocket ship for there. Seems likely that a company is an absolute dog, but somehow will skyrocket afterwards. Why else would you think $0.08 is realistic otherwise?
Why would they R/S immediately?
I think getting the A/S up, getting financing, getting deals started and then potentially R/S if needed in a few months.
Why would financiers turn off the possibility to make 300-500% to make 50%?
The company itself has said they need the vote to ensure continued NASDAQ listing and clearly made it sound like something that isn't immediate.
They also clearly stated that they are close to signing an S-3.
If it was so obvious that an R/S and dilution was happening this week, why is this even trading at $0.17 ?
Do you really think that retail is able to keep the price this high through this much volume?
The vote is to approve an R/S if needed within 6 months to maintain NASDAQ listing.
It's possible that the company obtains approval, then they get some financing, then the stock runs with good news and then they don't have to R/S.
Interested parties may be holding this stock back. Interested parties may want, say $0.15/share investment.
If the stock goes to $0.50 .... the company may turn it's nose at $0.15, but if it's trading $0.15-$0.23 they might have to take what is offered.
You seem to be interested in the future of Skyline.
On Thursday, before the conference call, they announced that Paul Sweetnam would join it's medical advisory board.
Paul Sweetnam works - or possibly retired from working, not 100% sure - for Nano Terra Life Sciences.
Nano Terra Life Sciences works with many big names many of which could be found here:
http://www.nanoterra.com/customers.html
In addition to all of those commercial partners, they also work with "DoD, NIH, USDA, DoE"
http://www.nanoterra.com/government-programs.html
After listening to the conference call and announcing Paul Sweetnam, could it be that his expertise would be helping to build a relationship and ultimately securing contracts?
Think about it, who better to help you to get contracts with the DoD and the NIH (these are 2 that Skyline specifically mentioned itself) than someone who already has built, maintained and grown them before?
Hoping that "Everyone dumps out" sounds like a great strategy!
Thanks for the recommendation.
Why no $0.01 stock yet? Hurry up everyone!
I am still holding my shares, however, when I tried to contact the company, it didn't go anywhere.
Annual report is expected this month, but I am not sure that management and shareholders are on the same page.
As management, do you want to give, say, a $0.50 Dividend to everyone or do you want to give yourself a raise and keep the money for next year's pay and obvious raise?
Sadly, my enthusiasm for the management isn't the greatest.
Still hoping for shareholders to get some nugget, but not sure it's going to happen.
The CEO sounded like a Doctor on the conference call. Also sounded pretty good for a 75 year old.
The guy from EOR sounded like a penny stock CEO!
Again, they said what I have many times: the vote for an R/S doesn't mean R/S happens now. But, if all else fails, they have to go through with it to maintain NASDAQ listing.
As I have already stated, someone is screwing with this stock.
Just not sure if they are accumulating for a big run or to cover a big short that so far is under water.
I have to give it a proper listen, but the conference call was not killer in a good or bad way.
I am pretty sure that the CFO reiterated that an R/S is not immediate, but the plan is - to maintain NASDAQ listing.
Still love the fact that the stock can cliff dive in the middle of the day and no breaker hit. Seems legitimate.
The company can't really say anything about that because they will want/need financing.