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Time to move up!
Curious to know whether or not the uptick rule applies to OTC stocks in relation to SSR.
Last time it dropped over 10% we had VERY similar price action.
The drop this morning was on 1.5-2 mil shares. Assuming this was 1 or 2 entities that 'knew something', they would not have sold all at once in huge blocks but could have sold progressively throughout the day and saved thousands of $. Assuming the people who are privy to information would also have a head on their shoulders, i would rule this out as an option.
Having said that, i believe this mornings selling was intended to drop support back down to a lower level. Whether that be to accumulate at a lower level or simply cause panic and investors to lose interest in this play is another question.
Tomorrow and Friday will tell more of the story i'm sure.
GL
This brings up an interesting point. Since being delisted from the TSX, all of those shareholders now hold BIOAQ much like the holders of the US Nasdaq listed shares.
I believe there were about 37 million shares listed on the TSX for BIOA.
I have not come across a situation like this before with an interlisted security in CCAA proceedings.
Seems to me that if BIOA on the Nasdaq has 129M O/S and TSX had 37M O/s shares, then we need to revise out total outstanding to:
166 million shares
Thoughts??
It was posted a bunch of times.
Cargill remains the best candidate for a number of other more important reasons besides that they have money.
An error that was in those posts was that because they have alot of money they are more likely to overpay or wont care about a couple extra million.
I want to put it out there that this cannot possibly be further from the truth.
A company with deeper pockets is not more likely to spend a dime more than any other because they can. I've worked with several Fortune 500 companies and they are in that position for a reason, and overspending on acquisitions is not one of them.
No answers for today. What i can say is Sabby has always been shady, been following them for quite some time and this type of activity is typical.
That being said, i've seen stocks up 100's of % after silly ups and downs like this for weeks, while Sabby had a controlling position
Everyone is still here i believe lol
They're just waiting to pounce once we see a little volume
Low volume drop. See how it plays out
The person you were replying to said
Fidelity told me I could no longer buy BIOAQ because “they aren’t current on SEC filings.”
That was as of July 3rd when the message on OTC Markets changed to:
Warning! This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
...on July 3rd as well
This is not strange, makes perfect sense. I don`t understand the mix-up.
Anyway, it is what it is. Long and strong..
GL
Sorry I couldn`t quite make sense of the question.
When a short sale occurs it will show up as a `sell` on Level II and when bought back to `Cover` it will show up as a buy.
It`s been there on the OTC Markets website since i entered a position in early June.
By the way. If anyone has some time, you can call your Brokerage (TD will do this for sure) and once you get an agent on the phone ask them to call call back office (Trade Desk) to inquire whether or not there is a symbol change for BIOAQ in the near future. I used to work for TD and they would know about symbol changes sometimes a week in advance.
The employees get emails about new offerings or when a symbol is set to resume trading or change from OTC ticker, if they requested it.
It`s worth a try. I don`t have 20-30 min to wait on the phone at the moment or i`d call
The stop sign has been there for WEEKS
This is a theory and nothing more.
Fidelity accounts haven`t been able to `buy`since July 3rd bc thats when OTC markets updated the company`s disclosure to
This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
And Brokerage`s are obligated to allow investors to sell a position whether or not they allow them to buy. The only caveat is if the stock is HALTED.
Not being able to buy but being able to sell has nothing to do with furthering some sort of AGENDA by the brokerage.
This is currently my biggest question. Thanks for calling them, i may do so myself.
GL
I can tell you that a single person here cares about your fake transaction.
Here are some fake internet points!
(fake internet points)
.05 was major resistance for a couple weeks and is showing strength as support.
IMO this will jump unexpectedly on high volume as it usually does and form a new base.
Best option is to stay put OR you'll miss out when it does.
This is the answer. No one seems to acknowledge this fact.
"The E-Service Guide permits service upon persons on the E-Service List [2] by those who have the right to serve and file material in the proceeding under the Rules, an order of the Court or otherwise. The E-Service Guide does not itself give any person the right to serve and file material. To that end, the E-Service Guide is not meant to alter or replace requirements under the Rules with respect to such matters as the delivery of Notices of Appearance. The E-Service Guide is subject to modification by the Court in appropriate cases.
Nothing in this E-Service Guide varies any requirements under the Rules or applicable practice directions with respect to the filing of Court Documents with the Court.
The E-Service Guide will be used in the following insolvency proceedings (collectively, the “Insolvency Proceedings”) pending before the Commercial List:
Proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”);
Receivership proceedings, including proceedings under the Bankruptcy and Insolvency Act (Canada) (“BIA”), the Courts of Justice Act (Ontario), the Securities Act (Ontario) and other legislation which provides for the appointment of court officers;
Proceedings under the Winding-Up and Restructuring Act;
Division I proposal proceedings under the BIA; and
Any other insolvency-related proceedings, including bankruptcy proceedings under the BIA or other Commercial List proceedings, where the Court determines that it would be beneficial to use the E-Service Guide.[3]"
http://www.ontariocourts.ca/scj/practice/practice-directions/toronto/eservice-commercial/
Actually it was my uncle Jimmy, he sold a few to buy a new set of rims on his car.
Everyone can make stuff up, but without any proof there's no purpose or meaning to it.
Wow! Never cease to amaze, this BIOA
LOL. Similar thoughts. I'm up alot as well but i still hate the day to day.
Agreed.
Buyers waiting on the sidelines, investors looking to add as well.
That article is based on info from ~10 months ago when this was trading near $5. Absolutely nothing to do with today considering all the changes.
That guy should remove that from his Twitter
Your 'prediction' was below average. Like a 4/10. It's done the same thing about 4 or 5 times now.
Gap-Fill almost complete. lol.
At least this puppy is somewhat consistent if anything
That article was re-released today and written about 10 months ago. LOL. That would be great if true, but all old info.
Agree.
I`m looking forward to seeing this over or near .30 before the end of summer, early fall.
You might want to inquire about the REAL reason for the initial filing for BK a couple months ago. Your assumption is incorrect.
Your `guess`about 99.9% of companies in these situations having commons wiped is also incorrect. I would suggest looking at the correlation between insolvent and solvent companies in this situation in order to determine which companies shareholders came out with value in the end.
Ill informed and untrue comments do no good for anyone.
eh, feels like were nickel and diming in the range. Lets see if the bid ask begins to tighten up
`Advise Prospepctive Bidders that they have been Designated as Qualified Bidders`` July02
Doesn`t say anything about us finding out
This is right about the same time i added to my position last Friday. Lets see if 2nd time works as well as the first. GLTA
More than that imo. I`m looking for over .075 close
Wow, who would have guessed. LOL
There`s your indication to BUY
Saddle up, she`s looking primed
Eh, i know. I`m used to it. Better than starting green, getting our hopes up and tanking it imo. Better to start red and be impressed by green later on
Same bananas every day. Money above .06 EOD yesterday and previous days. Were 40min in. Take a breath, it will be back
The GAP at .20 to about .39 inspires so much more confidence for me in this play.
Getting there is one thing, but once it does that GAP will likely close in a day.
Tomorrow should be exciting as well. Right off the bat
Today was the highest close since early February. Previous recent high was .063 on June 18 which could well explain part of the resistance in that area today. There was also resistance in this area from Monday when the stock bounced around in that area.
Bigger buyers continue to step in day after day and the chart is setting up for a big end to the week. Green days should increase in frequency as well as volume as anticipation continues to set in with fewer and fewer days to what so far `market sentiment` considers positive news for this company.
Looking for 20mil + volume tomorrow
GLTA