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Guess what usually happens after insiders get in cheap?
Bruh, I am waiting for confirmation of deals.
This may jump to 60 or 70 cents, but I don't care about that.
Can't compete with shorts.
Need to do some reading my friend.
Couple of things being worked on that would help that.
But until they are formally announced as firm deals, we will trade like we are today.
Shorts love it. As do institutions who are accumulating.
Upon further review and examination, it appears that shorts are trying to get some decent sized sellers.
They shorted over a $1 and are trying to get the best average cover price.
Of course, I could be wrong about that.
I think they are trying to force the cover issue because it appears that the company may be close to resolving some issues that caused the price to crater in the first place.
Shorts and Longs are waiting.
Longs are waiting for the company to come through on the 2 deals mentioned in the conference call while shorts are hoping for Longs to bail.
Almost 2 weeks are done. So where are the deals?
Most rational people are waiting for the 2 deals that will help the balance sheet and were mentioned in the conference call to actually be finalized.
It sounded like within 2 weeks. Those 2 weeks are almost gone.
So, yeah, the shorts are taking advantage of th uncertainty.
They shorted over $1 so, they are doing fine.
I jumped out at 2.60 after it became apparent that someone was not going to let it run (so many halts).
Yeah, I could have lost out on it going even higher, but I made out well.
Will be looking to see if this gets pulled to $1.30 tomorrow.
This is the spot where I would pimp my next choice. But I can't do it.
Did anyone read the latest 8-k?
That's savagery at best.
$10.20 warrants exercisable at $1.10 until end of day tomorrow.
Are you kidding me?
Brutal, but I guess the shorts get to live another day.
Some shorts children is going to wake up without a parent.
Some guru will put out video saying he was telling his followers he told them to cover.
iHub will find a new OTC stock that should be at the moon.
Doesn't matter right now.
Shorts are getting eviscerated and forced buying will make them realize that shorting can lead to unlimited loses.
Thanks for the tip.
But, today's move on STEM proves it's better to wait for an event before jumping in.
Give it 5 minutes.
It jumped 10% within 5 minutes.
Good Morning all.
Let's see if this can hold 0.0040 and build up from that base we got going.
Why does it need to be tomorrow?
If people want to sell to BMAK, then let them.
We likely have a base now and it would be great to see this run up, but the base is important because it means that if we shoot up unexpectedly, there should be a higher floor to which we land to.
Not sure about market maker INTL as they stayed away (but where still in the background) on the Level 2.
Today would have been a good day for them to show up - if they are buying.
But maybe they don't care about buying more and they are comfortable with what they have. Or perhaps they don't want to be fingered for buying with insider information ...
It's all conjecture, and could be nothing, but it makes the story interesting.
If we remove the last 2 trades on Friday for a whopping 20,000 shares total, than we actually closed at 0.0048 on Friday.
So, today's close of 0.0048 isn't so bad.
Now, if we closed at 0.0036 than yeah, I would say you were right and that this is a dog.
But, closing basically where we closed the previous day? That's not really a dump.
What really happened is BMAK stopped this from running which caused people who already have 100%+ profits, to panic and sell.
Looks like BMAK has decided to not cover his 0.001s and decided to at least triple down instead.
LOL at anyone talking about 3 day stuff.
BMAK shorts and wants people to fold.
Also the stock is barely down from Friday's close.
Looks like BMAK is trying to push action here.
Hopefully people don't feed him all he wants and force him to chase.
You just described what happens to triple 0 stocks.
This started at $1. Different animal.
Also, to be honest, the 57 close was a paint job. So, 40s wouldn't really be a sell off.
Anyways, every play needs people who wait for the pullback.
If everyone got there pullback, we might as well not buy at all.
Good Luck to all.
Let's see if premarket volume hits and we get to relive the glory days in 2016.
Tomorrow we should be hearing about the price Helsinn paid per share for their $5 Million investment.
It's the VWAP from August 1 - 12
So, are we looking for pre-market volume in the morning?
Do you guys feel it?
I swear this has all the makings of being 2016's play to remember.
The setup here is SWEET.
Doesn't it feel great to be in on what could be the ground floor?
And unlike some others that have been saying they are interested recently, this one is OTCQB.
Add in a relatively low float and we are Golden.
On that point, anyone talk to the Transfer Agent?
Still trading nicely, but would be nice to hear something.
What do you mean by this?
Did you actually call them or just repeating what the (temporarily dead) site says?
This is an SEC reporting OTCQB stock.
So, no not years.
Nice try Father of Bud Fox.
If this is so worthless, what are you doing here?
The stock was going pretty good today because someone backed off.
Today's big (relative term as always) volume makes you wonder if they got tapped out.
Always read filings and understand who has their hand in the jar.
Once you start connecting dots, things become easier.
iHub's TOS means I can't say much more.
But, there's enough going on that it's interesting.
If this sees $0.003, $0.01 may be pretty close.
Watching to see what the guy that cooled excitement on Thursday does on Friday.
Ultimately, that decides whether we bounce.
You can look at the information out there.
Institutions did not load previously.
Games are being played because institutions know how weak retail usually is.
OMG it's not $5! SELL! SELL! SELL!
Stock has purposely traded to get retail to sell and to not buy.
You can look at the information out there.
Institutions did not load previously.
Games are being played because institutions know how weak retail usually is.
OMG it's not $5! SELL! SELL! SELL!
Stock has purposely traded to get retail to sell and to not buy.
1.77 tapped in pre-market.
Nice flush if it continues.
Flush'em out.
Institutional buyers taking their time while retailers are panicking.
Good times for traders to scoop.
Just waiting for NEW institutional buyers to realize the opportunity.
Looks like selling has subsided.
If buyers step up we may go red to green.
Both stocks popped and sold off.
MEIP has been under $2 since March 2015, there are plenty of people who bought under $2 and if they have been holding for some time, they may want out.
Because there are many people looking to exit, it's easy for the stock to fall.
Once weaker hands drop out, the stock will likely continue higher.
This is why it is never worth holding stocks through events.
It's always best to wait and then act.
Now that the partnership is known and the unknown costs are off MEI, the stock should drift higher over time.
So, yeah, you might be disappointed in today's actions. This is probably going to pop higher once Helsinn's cost of investment (per share) is known.
Remember, sales are still a way off.
It's better to say nothing if you can't be bothered to read the news release.
They are getting $15 Million Cash upfront.
Let's come up with some possible valuations.
1. $0 - Sprint plays hardball and PRZM is forced into bankruptcy.
2. $0.25 - Sprint pays out $10 Million for PRZM to go away.
3. $1.30 - Sprint pays $30 Million and PRZM backs off because they can't afford a lengthier battle.
Let's say that all 3 possibilities have an equal chance of happening. (33.33%)
This would equate to:
$0(33.33%) + $0.25 (33%) + $1.30 (33%) = $0 + $0.08325 + $0.429 = $0.51225
This is my basic analysis of where we stand, the company will likely be worth $0, $0.25 or $1.30 by the end of the year.
I really hope for those that bought a lot of shares that $1.30 is around the corner. But the harsh reality is that there is a non 0% chance that you will have something worth nothing.
Good Luck and let's hear what others think.
People should also realize that PRZM needs $2.8 Million to pay off notes by the end of the year.
Again, as PRZM shareholders, you have to realize the following:
1. PRZM has $2.8 Million in notes to pay off.
2. The first $16.5 Million that PRZM collects goes to the company. Every $ above that it's split 70/30 with the company getting only 30%
So, even if the company got a $30 Million verdict, PRZM would get:
$16.5 Million + 30% of $13.5 Million = $20.55 Million.
After that, they have about $7.5 Million in Liabilities (this ignores the Prism holders contingent liability).
So, that leaves $13.05 Million for PRZM.
That's roughly $1.30
Given that other suits have been thrown out, PRZM is truly stuck.
Sprint can force this issue through all of the slow judicial process, PRZM can not.
We should know the end result of the company before the end of the year. I am just not sure if PRZM shareholders have much to hope for.
Final note, if PRZM accepts a one-time payment of $10 Million, there will be only roughly $2.5 Million. That would equate to $0.25 per share.
Within the next couple of weeks, the company will have to state it's intention for a reverse split.
See:
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11195727&RcvdDate=2/19/2016&CoName=PRISM%20TECHNOLOGIES%20GROUP%2C%20INC.&FormType=8-K&View=html
"If the Company is not in compliance by August 15, 2016, the Company may be afforded a second 180 calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The NASDAQ Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify NASDAQ of its intent to cure the minimum bid price deficiency by implementing a reverse stock split if necessary."
It should be ok for the second 180 days as I believe shareholder's equity is still above $2.5 Million.
Strange.
Pop up, then final flush?
Well, why did people start posting at the beginning of June?
It looks like people pumped it to short on retail.
June 20th is when they covered.
You might be right that someone is accumulating ... it just seems unlikely and that a pump to dump occurred.
OUCH.
TIMBER.
Glad no one told us who pumped it and shorted it.
Well, it's pretty good volume.
The trading from $0.69 seemed like shorting.
Interesting possibilities here, that's for sure.