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Strongly disagree. That would be stock suicide and they know it. They have been putting out regular updates to this point and there is no reason to think it would stop. The letter to shareholders is coming. IMO it will be before the end of the week.
Past Iron Ridge Deals
Dianne has been quick to point out that Iron Ridge did a deal with Schissler's CordBlood (CBAI) company and the company ultimately failed. I wanted to share a chart that I think is actually encouraging.
CBAI's Iron Ridge deal began on Aug 26, 2011 roughly. The chart below shows the stocks progress following the deal. Notice that about 2 months after the deal, presumably once dilution was complete. The stock increased dramatically in price. I believe this is due to Iron Ridge driving the price up for obvious reasons. Beyond 2011 appears to be how Iron Ridge performed on their own merit.
For comparison CBAI has revenues of about 6M and operates at a 3.5M loss. Revenues have not grown at all in the past two years. The point I want to make here is that when APT and Iron Ridge both turn on the jets at the same time there is a rocket ship coming here. Just look at that November line to see what I mean.
That is a great sign.
I think Iron Ridge will start moving this up after today since a VWAP under .0058 would give them a 5 day average under .0058 which should max out their 9.99% by my math.
I actually expect a pr after hours or tomorrow if my logic holds.
I disagree, I think these guys are working in concert. APT and IronRidge have already agreed upon the worst case scenario and as best as I can tell it's .0058 for five days due to the 9.99% limitation. All of these stipulations have to be in there incase the market went nuts and just gobbled up those shares while holding at .0182. Late this week and early next week should confirm whether I'm correct. Look for it to start its climb then.
I read it as Iron Ridge can ask for more shares, nothing says that APT has to give them.
I find this a very likely explanation and I wouldn't be surprised to see the shareholder letter back it up.
All they had to do was buy back in today at a miniscule loss.
Geeeze!
All hail Steelo! You tell me to jump buddy and I'll try to get myself altitude sickness.
.0058 is the magic number for the five day average IMO. It already has two days right on the nose and one day of .0069. If today is around .0058 then that's three down and either one more to go if they don't mind the .0069 day or two more to go if they want to hit .0058 exactly for all five.
After IR is happy (either at the end of Wednesday or the end of Thursday), they will drive this up themselves just as the beefy prs hit for APT. Going to be a perfect storm.
Haha wish I was running my parents account.
FROZ would be at .50
Well I've got my own theories. So far this looks to be playing out accordingly so time will tell but I'm buying it up today and tomorrow because if I'm right we will have lift off Thursday or Friday.
I am trying to chase the ask down and it's not letting me. I think the ask is just super thin here. Why would anyone sell at this level?
This Thursday or Friday is going to be the news drop date. IR will have maxed out so there will be no point for them to hold it down. APT didn't want to keep releasing PRs into dilution. Iron Ridge will start driving the price north too. It's going to fly late this week and early next.
Anyone know what SmartEx Day shows up as?
mlm...
This is just a period of uncertainty. They are working hard to finalize everything that needs to be done to complete the merger. A bunch of fluff prs isn't what this needs it just needs time. In the meantime let everyone else freak out. Nothing has changed. They still have the same sales, same great products and same great future. Don't view this one on a week to week basis.
I have 2M+ order at .005 here it's not even showing. Don't freak guys.
Hitting the ask here
I disagree on why IronRidge is here.
I think it's all part of a plan. Iron Ridge was chosen to scoop up the debt and take shares in return. This was all part of the IPO plan from the get go. Get rid of all FROZ debt, get rid of the lockbox on APT's cash flow. Do it all for shares and do it all within a month or two so that the ticker, name change, financials and dilution all ended or were released at roughly the same time. What do you get? Clean slate, toxic debt wiped clean public in a month or two and money freed up for further expansion. Keep in mind that the Iron Ridge agreement couldn't have happened without forethought. It was a court case. They rushed the merger because the Iron Ridge deal had gone through and they were ready to enact their plan.
Yes Iron Ridge is taking more shares and money than they probably deserve but as APT mentioned, no one is willing to finance microcap businesses these days. I have seen that first hand looking for a loan. If you don't have the collateral to put up against it then you don't get the money.
This was the plan. It sucks now but in the long term this was a good thing.
You're welcome MO.
Just my opinion but this is going up and fast probably starting at the end of this week. At that point IR will have their max shares and APT will need to run this back up to make sure they make the minimum bid for the next 30 day period. Iron Ridge will have an interest in running it up too and their history with previous companies shows how hard the stocks bounce up once IR wants them to. This will run hard north once both IR and APT are on the same page (V twins on the bid and APT putting out beefy prs). So far they have two days at .0058 and one day at .0069. .0058 gives them the max unless they can literally request endless shares during the calculation period and keep dumping them forever and ever (that wouldn't make any sense at all and the way the V twins act doesn't support it). So I still think that we just have tomorrow and wednesday around .0058 and maybe thursday also if they don't like the .0069 number and want another one closer to .0058.
Once the calculation period is over we will likely trade sideways for a fair while since IR gets their new set of 9.99% shares. That sideways trading should go on until they are out completely again and then we can actually see how this company gets valued by the market. But between the end of this week and the end of the calculation period (My best guess is calculation period ends second week of June) I think this is going to just plain fly.
I think both companies are completely aware of the share calculation formula's implications and are going to act accordingly. Any effort by APT so far to support the share price has been slammed by IR and I'm sure APT got the message. If they weren't already communicating on what the desired price was from the start. That's my best guess.
MOAngler Incorrect formula. Put simply
.0095 = 435M
.0058 = An additional 9.99% after the calculation period is over. I expect to see 5 days right around this price of which we already have 2 days at .0058 and 1 day at .0069.
14M traded since dilution period began.
I have been tracking since the dilution agreement began yes. Best estimates are somewhere in early June for the calculation period to end. That's highly variable though.
I have been tracking since the dilution agreement began yes. Best estimates are somewhere in early June for the calculation period to end. That's highly variable though.
See my previous posts, I think .0058/.0057 is the price point that gives IR the maximum number of shares based on the 9.99% limit. Today will be our third day of hanging around that price.
.0057 is the exact level
That I think Iron wants us at. That would give them another 9.99% after the recalculation period. Wouldn't be surprised if we hang here for another four days.
Thank you B.
What a horribly timed release of a form 4. Yeesh.
Was this just the filing that showed that Irwin's Preferred shares were disposed of under the new agreement?
.0057
That's the magic number. Right around there is where Iron would earn themselves 9.99% all over again after the calculation period if they hold it for five days. If I see it hover around this number for 2 or 3 days I'm going to bite pretty big.
So I have another theory.
At .0057 for five days Iron Ridge would be able to receive another 9.99% after the calculation period is over. Since they can only hold 9.99% at a time if they sold everything prior to the end of the calculation period and held it at .0057 for five days then they would get the absolute most shares possible. Right now this is all I can think of that makes any sense. If I see it hover around .0057 for a couple days I'll take another big bite.
Quote from Pyro results
"Management fully expects to have at least 100% growth in revenues year over year for the next three years while maintaining competitive gross margins."
Read more at http://www.stockhouse.com/news/press-releases/2014/04/30/pyrogenesis-announces-2013-results-year-over-year-revenues-increase-73-gross#zGqQRl2VUeAVSuDS.99
Depends on the format. If someone can send me an excel sheet of the L2 history it's easy.
Does anyone have a way to look at the historical L2 and tally up how much VFIN and VNDM have sold?
Just thinking out loud. Is there a way for us to effect total volume traded by selling shares back and forth to one another? Perhaps with all or nothing fill requests? Is that illegal?
Update on dilution
At this point I agree with Dianne that Iron is just going to max out the number of shares they can receive since it has become very easy to hold the price down due to investors sitting out the dilution. Look for the price to hover around .0095 for five days (yesterday was the first day, Monday would be the last day). Once this is done they have no reason to dilute at all since they have maxed out shares as they cannot own more than 9.99% which is equal to 437.33M.
You have until Monday to grab what you can at these prices it looks like. I am going to get another 3M while I can personally.
They cannot be issued any more shares than the 435M. It is in the filing that they cannot receive more than 9.9%. That's why they were given 435M because that was the max they could receive.
We have done 26M in volume in 30 mins.
What do you mean no one is going to buy? These prices are ridiculous!
Snagged 100k more
To get to 435M they would need to have a 5 day average of .0075 I think. That would maximize their total number of shares received but it wouldn't necessarily maximize their profits. For example 435M shares sold at an average price of .009 is less money than 320M shares sold at an average price of .0125.