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Now which robber you prefer: those that robbed Kim Kardashian or Great Basin Scientific and it's lenders and market makers???? I may buy at $0.09 to sell at $0.15. Final post
Two types of robbers: the ones that rob Kim Kardashian and the ones that rob the high school kid learning to invest. One happened in France and the other happened right here on Great Basin Scientific. The first was compassionate but Great Basin Scientific is devil in company form
I have exposed them and they are pretending to be buying. Don't fall for it. Crooks and robbers all of them...from company officials to lenders to market makers. They are just robbing legally...or maybe not. The SEC will tell
Sorry guys, we all boarded a train full of armed robbers and bandits and rapists
OMG: Great Basin Secures $75 Million Funding Commitment in Senior Convertible Notes
68MM in cash proceeds to fund operations from 2017 to mid-2018
Salt Lake City, June 29, 2016 – Great Basin Scientific, Inc. (NASDAQ: GBSN), a molecular diagnostics company, today announced it has entered into a securities purchase agreement with institutional investors to issue $75 million of senior convertible notes (the “Notes”) and related common stock purchase warrants. The transaction will be structured as Original Issue Discount (“OID”) convertible notes, with the Company receiving $68M in cash proceeds and no additional interest accruing during the duration of the Notes.
There's also a part of that devil deal that obliges the so-called company to make market of at least $100000 for the lender to sell those shares. Lol. This company is the worst of the worst. Now, don't forget that when this $14 million crook finishes selling, then the new crook for $75 million will started. Remember the $75 million CONVERTIBLE PREFERRED they announced in three months ago. This stock is not even worth One cent but they will keep it low to get more suckers to buy. That is the only incentive for these lendings to a WORTHLESS entity.
This lender started shorting before rs and quadrupled after the rs at $5.60. when they announced that phoney pr that they will sell staphylococcus kit in us...the lender took it to $5 and dumped even more on the idiots that bought that pr. Now look at it. What will happen today is that they will pretend to take it up a bit to make all the sideliners believe bottom is in. Then they'd send it to $0.12 and covert some 53 million shares and use the shares to offset all the shorting. Next round of lending would then begin. Lol
I will buy back at $0.14.... GUARANTEED
It all depends on any big shareholders and the MMS if they want to defend the stock. But if this thing closes under $0.30 today and on Tuesday then it may hit $0.13 some time in the next week or so..... possibly $0.10. At $0.30 x 5 days VWA x 85 percent, that $14.1 million will convert to over 50 million shares. So this ride may get worse if the stock is undefended!
If they can close it at $0.30 in the next two trading days, they'd convert to about 47 million shares. So, since no one is defending the stock, it is headed to $0.15
I'd buy under $0.20 tomorrow or Tuesday.... GUARANTEED
After I sell Real Solar above $4, I'll try and bubble on this turd again. Hopefully it'd be under $0.20 then... Friday evening through Wednesday next. The idiots that tried to keep RGSE down are now covering at losses. Bye guys.
If these guys aren't greedy, selling the company for its parents and products would have served shareholders well. I was reading about the AMPED patent they received in June and noted possible use in Agriculture to detect proteins in PCR testing situations. The management however don't think further than taking loans and doing reverse splits....leaving the innate value to rot. Simply destructive and ipso facto indolent.
Now when the market makers are crooked as in this case. I lost some $876 on the stuff I bot at$0.48 but I hope to recoup it when I reenter at $0.17. It will come. Right now, I'll watch. I am a trader and have loaded all.my trading power on three names that I like. So, for this company that strangely has GREAT in its name even though it should have been Worst Basin Scientific or Pathetic Basin Scientific, I AM OUT!
Don't delude yourself. Bottom will be around $0.14 by next week. These fools have up till November to sell those shares. If this closes at about $0.30 to $0.40 today and tomorrow...you must see $0.14 here before the next RS which is the only thing the so-called management knows. If all of you bottom seekers stopped buying these crap like I just did, the clueless lenders won't be making these loans and Great Basin would go where it belongs....in the bankruptcy courts. Rather you encourage the abuse by seeking bottoms where there is none.
If I saw anything and look away, anyone looking at it is wasting money and time. Click on my name....three doubles in September alone. That's me! I will buy GBSN at $0.17... GUARANTEED!
I sold that 5000 at $0.31. No one in their right senses would touch this stock. I was wondering why they fraudulent sellers stopped selling here and discovered that they want to slow down to gain full advantage of the five day VWA agreement. We only have one day at $0.33, then $0.74 and everything else is Above $1 or two. So, to covert the entire $14.1 million under $0.50 they are trying to pretend to slow it here and trade at this level the next three trading days. Because there are no serious buyers here that understand their game I suspect this will hand here for next three trading days before they convert. So, I am out....and buying more RGSE. I'd it comes towards $0.20, I may return. Stay away is my two cents. Donald Trump is here!
To tell you how powerful these IHUB and Yahoo posts can be, any time I mention any stock it usually runs up or down depending on which side of the bull vs bear trade your comment tends. So, you can use these posts to bring a stock where you want and then load up. There are idiots that will do stuff to spite not knowing they're enriching you. Lol. Buying more RGSE
Because I am not subscribed on IHUB and have limited posting...like 10 or 12. So, I when I run out of posts I just laugh when you cry for me. Remember... don't cry for Argentina. They have some sleeves up their vests. Lol
You won't believe that RGSE has the same exact clause with lenders as GBSN...which was what attracted me here in the first place. RGSE is going past $3 today and has not budged much even with that clause and a stock sale a fortnight ago. But look at the carnage called Great Basin. It all depends on insider planning with creditors to have some order in transactions. The company loses at the end with a terrifying reputation and awful perception
Yes, but am I under any obligation to tell you the actual number of shares that I am.buying or the price point? Are you aware that market makers actually trade based on these posts?? Do you realize that I could have used stop losses to clear those positions and that could have happened even before I finished posting the message that you BELIEVE in???? Do your trades independently.....use what you read here as a starting point, some kind of alert to do independent research.
If I had free $50k to invest it would not be in Great Basin. And I've never sold. I have 5300 and tried to get some at $0.28 but couldn't.
Still holding 5300 (4900 bot at $0.48). Will try to buy more today in the 20 cents region. Meanwhile anyone got into RGSE when I mentioned it yesterday. It's rocking to $4 today. Guess what, the same clause in that GBSN has with lenders is also what RGSE have with their lenders. The difference is RGSE has committed shareholders that grill the shorts real hard. Not here.... everyone on GBSN is a player. Looking at hard greens today
It's all insider trading in disguise. The so-called lenders started shorting after the fake RS knowing their unwritten deal with the operators
Just ready that the Supreme Court is leaning towards make insider trading prosecutions easier. *****"WASHINGTON (Reuters) - U.S. Supreme Court justices hearing a closely watched insider trading case indicated on Wednesday they could issue a ruling that would make it easier for prosecutors to pursue such charges against hedge fund managers and other traders.
Several justices, during arguments in the case of Illinois man Bassam Salman, appeared critical of his position that he could not be convicted for trading on tips that came from his brother-in-law about deals involving clients of Citigroup Inc <C.N>, where the brother-in-law worked."
A few minutes ago. You can buy at 46 now. Where are you looking. But I figure it mY come to $0.29 to buy more just for a trade. Look for better penny names to buy than this stuff. The agreement the crooks and with their even crooked lenders is basically to drive the stock to any amount and be rewarded another 15 percent. I can't imagine those that bot it at $1 and higher knowing that the lender had every incentive to short it. It's like giving money to a fool. I attempted buying at _0.93 but after I read that agreement and exited yesterday. It is not anything anyone can buy...a bunch of those that have been burnt here have written all these stuff. But it doesn't hurt to add that it is daylight robbery and you should be smart. Now, after reading this they may try sending it up a bit. Ignore. My one cent.
Great Basin Scientific is the kind of fraud that makes it hard for honest and real companies to play in the stock market. From fraudulent operators to even more fraudulent market makers and those that give them money. I know how to play with such. Between you and me, I only owned 400 shares until the 4900 I just bot at $0.48..... Which I may sell at any moment. Buying Great Basin Scientific is like entering a Greyhound Bus that is full of armed robbers. No better way to put it. Note, last post as I may have hit my limit.
Still tradable although the stock appears to be a big joke....just looking at its history and almost disinterest from its mgmt and market makers. I bot 4900 at $0.48
Nope $0.45 I'm desperate to fill it up
What are we waiting for sellers? May we do $0.45 pleeeez!!!! I thought I control where the selling price goes???? Fools
Ignore the noise and make money. If you do the math here, you'd see why I ma loading. Actually I bot 7000 more $0.54. just pulled out 33000 bid lower.
Ok. Readjusted it to $0.45... Why not if someone wants it there
Thanks. I raises it half to $0.52
Click on my name and read about my trades. Maybe you'd learn some good trading lessons. The fact that stock went down after you bot it is of zero interest to me. What matters is the end. For some that want to buy at the bottom when it cannot go lower...good luck. That's not my style. I was hoping for another 40000 at $0.51. still waiting
So now I am sitting on 69400 shares of which 31 was bot at $0.63 and 13000 at $0.59 15000 at $0.856 and the rest @ $0.93. Lol. Tons of $$$_ would be made here. Bye for now as I go to my other trades.
I like how you kids tell me how to invest put please click on my name. Here's a company that is wiping out virtually all debt and has introduced it's product in the US just last week. It is trading only an insignificant fraction of what it was last week. Debt shedded, products selling and you fool talking thrash. I am selling everything else and loading. Last purchase 13k at $0.59
Lol. Sitting in 56400 shares now. Bot 31000 at $0.627. Thank you all sellers. You guys are smart.....
21500. Bot 7k at $0.86
You are wrong my friend. Not at this price. Make money and IGNORE the noise. We can agree that the end game is to make money. I WILL
Bidding 6500 at $0.86. Then I'd take a breather
Added... holding 13500 now. Last 5500 was at $0.90