Put something here
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Gonna be some nice conversions today....likely over 20 million.. let’s watch
The verboten one...it’s coming.
Hold on tight ..
It’s coming. Be ready when it does
Let’s see...
A comparison to Amazon and inside information...
Ya, that alone is a red flag
Retail may end up being scarred from being scared
Telling retail to “be ready” either is an attempt to help noteholders to pawn off shares to unsuspecting retail or Matt has provided inside information to select shareholders, both which is illegal.
Which is it?
Btw, noteholders continue to convert. It is obvious in the ever increasing OS.
The 10-k is due coincidentally on April 1 (April fools day). Will there be a NT?
And just in case it is confusing, which it seems, a month ago the OS was a little over 600 million. A month before that a little over 300 million and a month before that over 200 million.
It is now close to 1.2 billion
QED
Of course I was right. It is obvious and clear in the increasing OS.
As to “get ready”, it is against the law to trade on inside information. If anything happens in the next week or two then it sends a major red flag that Matt is providing inside information to specific shareholders
Sadly, some won’t realize the levels of dilution here...
As long as Matt and noteholders make $$, retail will gladly donate to the cause
18 million T trade after markets...
I was right, again...
Noteholders are converting and will continue to convert. The only question is, will INND be at 2 or 3 billion OS by April?
It’s likely the lowest closing price. But the desperation of keeping it above .0001 with 10,000 paint jobs Eod is funny.
The pps hitting 0.0001 allows noteholders to convert at likely the lowest they can without a RS.
0.00007.
So, for every dollar converted it will require 14,000 or so shares.
Pray that Matt hasn’t taken out any more notes
Why the lies Matt? You do know noteholders have been and are still converting
First trade under 0.000015. Almost at 0.0001.
Be careful. Not all dilution occurs with T trades after market close. Some occur during the day.
Believe it 100% that dilution is and will continue to occur.
Well over a billion shares OS now. Likely several billion without a RS
Don’t let it hit 0.0001. RS becomes inevitable
On the positive note for some, the pps has not hit 0.0001 yet. Once it does, conversions would be done at 0.00007. At that point, I think an RS is all but inevitable.
With the closing of 0.0002, noteholders can now convert at 70% of 0.0002 or 0.00014. Thus means for every $1 to pay about 7,000 shares will convert.
If they still owe 1,000,000 then it will be about 7 billion extra shares.
I think 1:100 RS May put this back to contention if Matt doesn’t take out any more notes. But we will see very shortly
Actually, Matt can RS and do this over again
There is a saying. If poop had wings it would fly. I believe that is apropos in this case
Yes. I believe it is BS. As was the last one
Whether it is an NT or not doesn’t mean much. This company has a history of NT. Regardless, the real and only question for investors imo is, did he take any more notes out? If so, retail can kiss their money goodbye.
The 4-q is the same as the 10-k and doesn’t come until April.
I hope this helps
We have to keep the crazies unaware of what is going to happen
I spoke to the owner of three subways and he told me there was a crazy person calling his stores to verify PNNX. He told his staff to keep it quiet for now but just ensure the crazy person doesn’t know anything.
Quite possibly. The bid now equals the ask and slowly it may have to move to 0.0001 to find the liquidity.
After $11,200 worth of trades/conversions at 0.0002, someone bought $3 worth to put it back to 0.0003.
I’m fairly sure. Besides, the bid is at 0.0002. This is lower and more decimal places than is allowed for retail. So ya, conversion
Wow,
The first trade under 0.0002
0.00019 for 10 million
700 million is just a part of the total dilution left here.
There is likely a couple to a few billion left. Depending on whether or not Matt has taken out more notes.
April will tell it
I don’t think whomever is buying after a big dump is doing any service to retail. Instead of letting this die and RS gracefully, they are prolonging it for noteholders
As long as retail keeps buying, noteholders and Matt are very happy
65,000,000 T trade today. Matt already got his money, but I’m sure the noteholders are happy they could convert and make some cash.
That was likely a conversion
Not enough buying. There are billions of shares to convert so expect some more news soon.
Today’s goal will be to ensure it doesn’t close at 0.0002....aaaand go!
A closing of 0.0002 will all but guarantee a Reverse split, if not now
The pps has triggered 0.0002 which, if kept at closing will allow noteholders to convert at 70% of 0.0002 or 0.00014 thus adding billions more to the OS.
Don’t let the pps close or hit 0.0002 because that would trigger a new low and allow noteholders to convert at 70% of 0.0002 thus adding a few more billion to the OS.
Good luck
Quite the drop from the highs. Interesting