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Well, there's the hammer. I'll be posting a chart in 20 minutes or so.
.0025 x .0026
Nows the chance for the hammer.
Huh?
A hammer after a downtrend typically is one of the signs of a reversal. You'll still need confirmation the next trading session on whether it holds up, but it definitely makes the chart look better.
.0023 x .0025
If we can close at .0026, it will be a hammer.
No one really knows for sure, but there has been speculation that he has his shares at .02 (before the 10 for 1 forward split, so .002 by today's pricing).
I've heard mixed comments about this working or not to combat brokers lending your shares to shorters. I guess it doesn't hurt to try, but in my experience, you can't put a sell price extremely far above the current pps. I can't say that's how it will be with all trading platforms, but I had no luck with Scottrade and Choicetrade. I guess if you can, it doesn't hurt to try, but it's one of those things where a ton of shareholders would need to as well.
We have a substantial short position and if you want my honest opinion, shorting continued today. Unfortunately, these are legal shorts (not naked) and in time, more of the long term shareholders will accumulate enough and not be willing to sell for those needing to cover.
Huh? TA is used all the time in the pinks. One of the few versatile tools we have with all the scams going on. Granted, it works better on big boards, but to say the chart means nothing is an absurd comment.
I would talk to Chad on that (I have) and I'm fairly certain it's going to be broken up into smaller contracts (which would make sense since we haven't heard anything in 2.5 months).
Just don't like to fact that it hit .0023
"Quitting while you're ahead isn't the same as quitting"
However, in the pinks, it's better to seek out financing by locking in notes rather than dilute (sell shares). I would much rather see them secure a bank note using their common stock as collateral than issue shares at a price that's already undervalued and depreciated.
$1,892,000/.02 per share = 94,600,000 shares + 57M shares for the promissory note = 151,600,000 shares
Float is only for traders and short term players. Outstanding shares are what's used to value a company since after all restrictions are done, that's what will be the "float".
I addressed that with Chad and although he asked not to post his response, I will sum it up. It will be a cash loan, probably with an interest rate of 8-15% annual and be paid back with cash. The loan is secured with common stock, typically at a discount price to the current market value (that way if the company defaults, the creditor can assume those shares and sell them in order to pay off the debt). Since the money would be used for expanding their business and locking in contracts, there shouldn't be any worries about not being able to repay the loan.
You are more than welcome to contact the IR if you would like it better explained.
Just called the TA:
OS: 406,637,329 (Matches today's PR like I figured it would)
I asked if I could get the float and any restricted holdings, but that's something I was told would have to be done in writing (which I will do once we get more information about the pending acquisitions).
I will probably check the outstanding shares once a week just to keep the iBox clean and up-to-date.
It's used to register the public company with the SEC.
This is true, but becoming current on all the filings, even though there may be a wait for an uplisting will be well worth it. Investors can then look over the documents and see for themselves the financial situation of the company. That also would bump the rating Pinksheets.com gives to current instead of warning users that they aren't filing.
Yes, I understand why you are happy, but understand when others aren't. Understand when I or any other member brings up red flags or shows the other side of the coin.
Great, you are one of the few that is green here. All the others that have bought "cheapies" at higher levels are red, some very red.
And in all honesty, the more I reevaluate this, the more I think they should postpone these acquisitions until they establish a higher pps to acquire companies. The share structure is decent as it stands right now, leaving an extremely undervalued market cap. For a company that already will be doing around $10M this year, I think that leaves plenty room to appreciate. Once trading at a fair market cap, look for acquiring a synergistic relationship with other companies--ones that hopefully don't have many liabilities. Granted, I can't say anything because I don't know the terms of this deal or what Southern Candle's books look like, but I do know that EXPH needed financing 2 months ago and I would just hate to see them selling a ton of shares at these levels.
It's hardly bashing when it's something to look out for. I refuse to stand by and see everything as positive here when that's not the case. I can't see how you can sit back after buying higher and not be frustrated that you can't even keep the entry prices you originally bought at (even though I am well aware from your posts that you averaged down into the low 2s). People need to quit pretending like there isn't anything funny going on here and demand a little transparency.
I'm done putting money into this stock right now until management gets their sh*t together. I have continued to buy what everyone keeps saying is cheapies only for no run to ever really happen. The company has potential, I give them that and that's the sole reason why I continue to hold a significant amount of shares, but I am not happy with how things have been handled and how things continue to be handled.
I guess I would have rather seen Expo as is, come to fair value through D&D and 1st Choice Closets/Garages before looking to acquisitions. It's hard to be super happy about anything involves a cash and share exchange when the pps is already as low as it is.
You may be sharing revenues and assets, but you are also sharing liabilities and debts.
I'm just saying, aggressive expansion can hurt existing shareholders. Depending on how the deal is struck, how many liabilities (i.e. DEBT) we get along with the deal can ultimately affect ROI. That's great that they want to acquire 3 other companies, but they need to think about what they have already and how all the financing will be done to pick up these other companies.
It depends on the clauses of the preferreds. Could be less than a year, could be more than a year.
Depends on the restrictions...
You do realize preferred can be converted into common stock, right, at typically a fixed number of common stock shares.
I'm well aware of what the share structure is, especially since I was the one who copied that from the PR and put it in the iBox. I'm just saying with an acquisition pending, it would be nice to know where we (the shareholders), stand.
It's not bashing if it's the truth. I'm open for all discussion of EXPH, good or bad. I refuse to roll over just because I hold a position. The truth is, the TA is gagged if you can't get access to share structure information.
I know... I've inquired about that numerous times with JD, Chad, and the TA itself, but no dice. Up to 5 faxes already and nothing.
ANNOTATED CHART:
BTW, I hope that today and yesterday the short position hasn't been reduced by that much (25% or so) because that only means there won't be much of a squeeze if and when the time comes. If anything, I'd like today's trading to be a result of shorters being bold enough to short even more.
I'll take ~3% down over ~9% down. :P
All in all, today wasn't too bad. We have a full candle to close the opening gap and have strong support at .0028 (where the emas are converged at). I would love to see some sort of meaty news tomorrow premarket to get the ball rolling since we got none today, but we shall see. If it's just going to be fluff, they can just save it--not worth anticipating something of value only to have fluff and more people lose faith that nothing will be done about the short position.
...although it is important to note that some only consider the gap filled if it's not a shadow at close... meaning we would have to close at .0031 or lower. All depends on the chartist though.
I'm sure their plans are to do that in conjunction with the OTCBB listing.
Long history? Care to elaborate more? We are all well aware of the financing done roughly 2 months ago...
You can see the spread has the ask back up to .0034
Depending on how you look at it, the gap is closed if you count a shadow candle.
Is it an AON?