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I have a panel of tickers I follow. The bottom fell out on 6 of 15 roughly the same time at 10:20a. Various industries and markets. That was weird.
Bear attack on the stop losses?
True, but I think they have their own plan and timeframe. Price supports not in that timeframe just waste capital.
Why?
Understanding timeframes. They are NOT flippers. They are creating a long term company. If one has ever started a company, one understands there are a lot of pieces to come together. In this case, because they wanted a publicly-listed company so they could sell shares to raise capital, they will get ALL of their ducks in a row before they go forward with the IPO. A normal IPO process is 2-3 years. So for them, they are only in month 3 of that time frame i.e. very EARLY.
We all make typos.
You mean, "very, very LITTLE dilution".
They're in Heidi'ng. ;)
If they keep delaying, I'll get to put this one in the Long-Term Capital Gains category.
There is a limit to the number of pinned posts. The excess e.g. the older ones fall off automatically.
I've owned my business for 16 years now. Lots of clients have said let's work on this during the holiday break. In all of that time, I've signed ONE deal between Christmas and New Years and a grand total of 3 for the period of Thanksgiving to New Years. Our average is 10 deals in January.
Regardless of what people intend to do, during the holidays they are focused on other things. I suspect this to be true for $CBBT as well.
Some people always sell on the "news" under the assumption that will be high with everything built-in to the price. Actually, that's true in many, many cases in penny-land. Not the case here but, they will stick with their strategy.
Here, Here!
MM are trying to arrange things between themselves. This activity was very common when the stock was trading in the 0.0002-0.0003 range and then again at 0.0004-0.0005.
The spike appears to have happened twice before in the last 6 months .
Maybe it's a typo but according to the sale to Tian, there are 750M (vice 75M) shares legally outstanding.
They may simply have registered with the court to get a copy of all proceedings.
What he said is TECHNICALLY true. I'm very pro-$XMET but anyone who has dealt with any issue before the court knows that it's not over until the Judge slams the gavel. Do I expect anything to come out of the woodwork? No. BUT, and this is a HUGE BUT, it ain't done until the gavel comes down.
You have confused Packaging Corporation of America (PKG NYSE) with PKG, Inc of Idaho.
PKG, Inc. (not publicly traded) specializes in contract design, development, and manufacturing of system-level devices with expertise in human-machine interfaces. PKG has about 75 employees.
PKG(NYSE) is a containerboard and corrugated paper manufacturer and is already NYSE listed on their own. They are a $6.6B company with 15,500 employees; headquartered in Lake Forest, IL. Also, their CEO's salary is $3.2M. He could buy $CBBT out of his pocket.
I know DR bought out DL for control of the corporation. I don't know NJ law, is DL still the CUSTODIAN of record? Where can I see the court calendar for $PHBR?
TIA
My mistake. Got my tickers confused. Thought you were talking about XMET not PHBR.
But, he is still the custodian and last week made a filing as such.
Doing what?
Harvard Law discussion of no-vote commons
Follow the link to read their analysis.
I'm guessing Investopedia hasn't caught up with the SEC yet because
SNAP's Prospectus of Initial Public Offering accepted by the SEC
Well, SNAP must have violated whatever rule or law you reference.
Let's quote from Harvard Law:
Greek, are you an attorney or other professional that specializes in custodianships?
Where did you get that idea from? No, one does NOT need a common share to vote.
I, too, think things will be good for commons and hold a significant amount of said shares (for me anyway). Go $SMET
The term "Convertible" is not used in XMET's current share structure. Those preferreds are NOT "convertible". They simply have 100 votes per preferred share.
I have no idea from what you quoted. There have been MANY companies throughout the last 120+ years with various voting mechanisms in their share structures. May I suggest research into Facebook and Snapchat for very recent examples.
"Whatever the number" see the many recent posts on said topic. I think NOOB has a DD sticky on this exact issue.
Q1. Commons as best dividend rate...
A1. No. Look at QUTRD (soon to be BRRN) and a couple of the other DL SPACs. Companies get value from their commons by SELLING the shares out of treasury not from increasing market price. If the treasury shares are all sold then increasing the market price doesn't put one dime in the company.
NB: I am long XMET but I plan on selling soon after the RM. I have no interest in investing in a company which I know nothing about. That strategy may also help me avoid any possible RS that the new company uses. I am NOT saying (unlike some others here) that there will or even may be a RS BEFORE the RM. RS are not allowed under Nevada custodianships so that would be legally impossible to do. After termination of custodianship and RM, all bets are off.
Q2. Preferred pay dividends? Not always. In the case of XMET, the preferred pay no dividend, they are just the control mechanism.
Q3. Risks to common shareholders. Varies, depends upon the rights given to each class of shares. This is why doing one's DD on the share structure is sooo important for long-term holds. CF: Facebook and SNAP.
No. He owns 100M Preferred shares with 100 votes per share. Commons are NOT the only voting shares. Any capital shares MAY have voting rights. Preferred can and often do have voting rights. Check out the structure for Facebook. Zuck controls 57.9% of the voting through his preferred. There are even some companies where the commons have NO voting rights, for example, SNAP.
Not technically correct. He controls 93% of the VOTE. We don't know if he owns any commons. The shares we know he owns are preferred.
I wonder if that's why there has been no clarification (cancellation, etc) of shares ... because DL didn't know how many to accurately cancel, etc.
With no news, the market reacts downward. Especially no news on a risk stock.
Thank you
The link is to FB. FB doesn't show the message unless one logs in with a FB account. I don't have one so it doesn't show the message.
Maybe they don't think the 101 will go in their favor. I quoted what the judge said in issuing the order to delay the trail. The JUDGE says they have reached agreement on many issues. To your point, if they have already "reached agreement on many issues", that means they are already talking e.g. negotiating behind the scenes.
What did his announcement say? Not on FB.