is...retired
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No, VRUS stock price is not undervalued, nor overvalued. It reflects what people are willing to pay for it. Just like every other stock on the OTC. It will go up when people are willing to pay more for it.
Yeah, right. Read the charts on a .0001 stock in a company that has no product and no income to predict the share price will improve. Duh...
Public companies do not sell shares out of the treasury without an SEC filing first. Nor do they buy them back without a filing. It is shareholders that control the price. Buying or selling large amounts at 'market' can quickly affect the share price. Smart traders use limits for both buying and selling. Some traders decide to get out of a ticker just to get into another one. They might sell at market just to get their money out, especially if they are in the green.
If a large order sells without affecting the price, they have a limit set.
If you mean shorting, most brokerages don't permit shorting penny stocks, defined as under $5...I know etrade doesn't, and I have not heard of one that will permit it.
Even then, your margin requirement would be $2.50 per shorted share. Not for the faint of heart.
MM's don't drive the stock prices, they compete against each other. They are continually adjusting their spread so THEY get the orders instead of their competition. It has nothing whatever to do with the stock - they are in business to facilitate trades, and if their ask/bid is out of whack, they won't get the business. Each one controls its own spread, which is a guarantee to traders. It how mm's actually make money - facilitating trades. If one changes their spread, others will probably follow, or be left out.
Easy - check the chart for the last time it was at .0004...count the times it has hit .0004 in the last year. Average them...that is how long to expect it to take to get back to .0004. You can't unload much at a time when the sp is this weak...so limit sell at .0004 for 60 days - repeat if it doesn't sell.
Not happening. Not legal until an 8K is filed with all the particulars. You can find the rules for stock buybacks online, if you look.
Actually, most of these stocks have intermittent peaks, with a slow drawdown following. Even with a growing company, the patterns remains the same. With little or no news, it slowly drifts sideways or down. Those are add points. Sooner or later, a spike will come along, and that's when you should at least sell enough to cover your costs, not necessarily profit.
The whole trick, for me in the OTC, is to get ALL of my investments back, then sit on free shares until the stock either does better or slides back.
As I recover my 'investment', I use that to work a new stock into my portfolio, and repeat. I only have about 9 OTC stocks right now, but I added VRUS with recovered investment last year. Now I'm on the lookout for the next one. You'd be surprised at how differently you think about a stock that you've already recovered your investment from and one in which you are in the red.
Anyone know of another stock similar to VRUS?
Better reread that 8K. No shares were issued, money was borrowed to fund business. The loan is convertible at $0.10 per share, 5 times today's price. A year to pay it back.
Presumably, that helps fund the unfunded backlog, which money is returned as soon as the ship docks. That is just business.
PR's are released when they are reviewed, corrected, and ready to release. There is no 'schedule' to release at some given point in time. They release when they are reviewed and accepted by all parties.
Sure. Just try to short even 10 shares. Prove you did it. You can't. Brokerages won't let you short penny stocks.
Nonsense. MM's job is to facilitate trades. They set their spread to achieve that and collect on the spread. They 'walk it down' because if they don't, other MM's will fill the orders with a lower spread. The spread is a guarantee - by law, they must buy and sell at their advertised spread. Even if you try to buy shares at $1 per share, you will get the current offer from whichever MM fills the order - not $1.
Dilution would mean the OS is growing. It is not. But the majority of the OS is owned by others than here on Ihub - we see the results of larger traders doing whatever they are doing. Many of them got cheap shares and are now collecting profit. When they buy, we see the price increase. When they sell, we see the price drop. It is just that simple.
If everyone here on ihub sold all their VRUS shares, it would probably not be noticed in share price. We don't hold enough shares to make a significant change.
There are 2.3 B shares out. To put that in perspective, that is 230 X 10M shares. So, if you are holding 10M shares, you have 1/230 of the OS... If ihubbers have 100,000,000 shares, which is doubtful, then ihubbers have 1/23 of the OS...hardly a drop in the bucket compared to those other shareholders.
It is those large shareholders that control the price. Not MM's, not dilution, not shorting - it is shareholders. There is no bogeyman...it is just trading as usual. In the OTC, where prices are so low, that is to be expected.
They can't reduce the AS - those are reserved shares against the loans.
Better go back and read the history. First divs were recalled because they weren't restricted. It wasn't until October that they were finally given out as restricted for 2 years. I still have my 500K...and they are still a numbered ticker until they come off restriction - next month. That is about the ONLY thing that JT ever accomplished with this ticker.
Dark for many months. No news, no fins - just a good story that is not coming true.
The best stinky pinky CEO's have a credible business plan, which people buy into, but it is follow through that counts. Hell, he could be in jail now - dead silence from that quarter...No one knows what he is up to, he's not filing fins - he could be dead and we still wouldn't know.
As far as the divvies, they were supposed to be restricted for 2 years. I received mine in November, 2017, so they should become tradeable in October. Not that I'd do anything with them at this share price.
You don't have to call anyone to find out about notes. Just read the quarterly reports and other reports - they have to be listed. VRUS retired the 'toxic' notes earlier this year when Garnok came into the picture. But his loan IS convertible, just not toxic. And, he would have to ELECT to take shares in place of payment, or possibly renegotiate the terms of the existing note which expires this year.
ONCI is not a brand name. It is a holding company, and extracts some profit from each company they own a part of. You would be surprised who actually owns many companies whose name you recognize.
We probably all know Hillshire Farm. They are owned by Tyson Foods.
Ask Amazon - they ship frozen food all the time. Also, meat and seafood shippers.
It would be simple elementary math if all the factors were understood. Just read about the loans made this year to see how many shares it takes to cover them. And remember the share price was much lower when those loans were negotiated.
As long as those loans are active, and not renegotiated, the AS will remain as it is. It is the size it is because of the size of the convertible loans. Oh, yes, convertible MEANS paying the loan with shares instead of cash. Yes, that would be a huge dilution, but I suspect they think they can pay the loans off by end of year, or renegotiate them to prevent paying with shares. That all remains to be seen. We won't even know by FY end, since the loans mature after that.
They just INCREASED the AS to satisfy the SEC rules. Just go read the filings and figure out how many UNSOLD shares would be required to pay back those loans in shares. They come from the treasury, and even if they never give them shares, they have to have sufficient shares in the AS to satisfy existing convertible loans, by law.
You'd better go back and look at the $2M plus convertible loans just this year...those have to be backed by shares in the AS - NEW shares. That's why it is that size. When the loans are settled, the AS will probably be reduced.
That AS is security for convertible loans. SEC rules - you can't have convertible loans in excess of the number of shares available in the AS. That's why it was increased.
It does not require an RS to reduce the OS - that is only one way. the other way is to buy shares back (with profit) and retire them. The AS isn't going anywhere until the convertible loans are paid.
People claiming dilution simply don't understand what that means. It means adding to the OS, which is simply not happening, and won't until there is an 8K to support it.
Even a private placement would require an 8K or some other SEC filing. Anything that can affect the share price HAS to be reported.
It seems like every week someone trots out the short report. Why? It is meaningless. Retail can't short penny stocks, and MM's cover shortly after shorting, but sometimes not before market close. THOSE are what is reported in the short (interest) report. It means they didn't use the toilet paper yet, but they are going to. Short volume is totally meaningless.
MM's can't short shares that are not in a margin account, or not up for sale at any price. But shares that are 'protected' by placing a sell order at, say $3 are playing right into their hands. MM's 'borrow' shares and 'replace' shares over and over. If you have shares for sale at any price, they are eligible to MM's. All they have to do is find shares to replace them with. When a market is sliding down, like it was today, those shares were easily available.
MM's don't have to pay your ridiculous sell price of, say, $3/share because they just replace the shares. No money changes hands.
Why would anyone put a stop loss on an OTC stock? It is a virtual guarantee to lose money - it means you are betting that the price will dip and you'll take the loss, rather than waiting for it to return to normal.
I believe in taking profits, or at least recovering my investment, but a stop loss is a complete mistake in volatile stocks, like the very low penny stocks. They ALWAYS go up and down unexpectedly.
They have to have that large AS - that is the security for the loans. If they aren't paid in cash, they will be paid in shares - or a renegotiation of loan terms. In any event, it is an SEC requirement to have sufficient shares in the AS to meet all convertible loans in case they do convert.
It is not shorting - 90% of the public shares in this and almost every other OTC company are in the hands of traders with many millions of shares, mostly purchased at a heavy discount. IT is TRADERS that manipulate the price, because either they WANT MORE, or WANT TO TAKE PROFIT.
They pay the bashers and pumpers alike. They move lots of shares, and we see the RESULT of those trades. Only inexperienced traders blame MM's and shorters - all MM's do is execute trades that buyers/sellers want. They get their cut no matter WHAT the stock price does, so they don't care what the price does - they just want traders to be active.
Shorts? Try it. I have challenged many times for anyone to short a penny stock and prove it. Most brokerages don't even permit it. So no public shorting. MM's short, of course - that's how they execute trades quickly. But those are covered almost immediately.
Look to the whales for stock price changes - you are only seeing their wake, and making the wrong guess about what caused the wake, since the whale if long gone.
Remember, whales may sell out of a stock to join another if they see it as a better opportunity. There doesn't have to be logic to ihubbers, they trade as they see fit, and dumping is normal when they change to another stock.
The RS is already approved. Read their 8K's. Now, whether they DO it is another question, but obviously it was approved for a reason. I think it expires end of this year.
You guys kill me. MM's don't care what penny stocks do - it is an automated trading system and MM's only try to match their bid/ask spread to what is reasonable for us and them.
They do not care WHAT the stock does!!! They make their money on every single trade, whether the share price is rising or falling.
There are no eyes on any of these stocks. You folks with a vision of some evil MM trying to corner the market on some penny stock are simply hilarious!! It is PREPOSTEROUS! That's not how the market even works...
Buy some shares, MM gets his cut. Sell some shares, MM gets his cut. Share price increases - MM gets his cut. Share price decreases, MM get his cut.
The spread is prominently displayed, and by SEC rule, they have to honor it. They can only buy/sell within their displayed bid/ask.
If the company blocks you from seeing their tweets, they are violating SEC rules. They can only use social media if ALL shareholders have equal access to news.
If you think a penny stock is a savings account, you will eventually learn it is a losing account.
Exactly right. At close of business, if any MM's are still short, that goes into the twice-monthly short interest column. But it is totally meaningless to us - all it exposes is the internal workings of the MM's who handle every single trade we initiate. They usually cover in microseconds...
They DID uplist out of the pinkys...not likely to do it again, notwithstanding it is virtually impossible to get the share price above $4 which is a requirement, along with a slew of other requirements.
Zero, unless it hits on a weekend. It usually takes the whole 6 weeks to get it all together and reviewed for accuracy.
Probably not until October, when they were officially released...
Gaps are usually filled because OTC stocks repeatedly rise and fall. That's just the nature of it. There is no 'requirement' for a gap to fill, it is simply what happens especially in the OTC.