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I was only asking for clarification because it was stated on the board way back in the day and I'm just recalling the conversation. Truthfully, I haven't followed the patient too closely because we were in limbo for so long. I'd prefer Panasonic to expire sooner than later of course.
Incredible presplit volume. The houses are covering and building a long position for the institutional side. When they get a position built and the price rises in the $4-5 range, they will announce analyst coverage and begin offering SLTD to their retail customers. Very exciting times!
If IB can't get any, then the pool is truly dry. My firm had IB as my clearing house...they have excellent resources for their member firms. When they say they can't, they mean it.
Remember, they also got a warrant along with the share so the $4.15 target is fairly meaningless when you combine the value of both when trying to determine their actions.
It means that the brokerage firm is having difficulty in finding outstanding shares to borrow in order for a short position to be placed. A very good sign for us longs.
I didn't realize that our patent examination was completed. Last I heard was that we were assigned an examiner last month.
Is the examination complete and was it determined that our technology wasn't materially different than the Panasonic cell?
Also, my understanding is that Panasonic was granted an extension on their cell patent until Aug 2019. Did I misunderstand that too?
I don't mean to open up a can of worms, but I'm just trying to clarify.
Poor guy, having to reply to these kind of emails during what is no doubt a very busy period in the evolution of the company.
I guess when you are still the head cook and bottle washer, time must be spent on both.
With our float, when the houses start offering this to their retail clients, we will fly. Exciting times.
I love the painted solar panels on top of the cars.
I think we have two market forces at work here. I wanted to post this early this week but frankly didn't have time.
1) I believe the offering was executed on opening day(even if the PR was a day or two later). The buyers immediately turned around and sold some of their one share of common stock to lower the cost basis of the real prize, the warrant. In addition, the warrant will be tradable on another market under the symbol SLTDW(memory here so I can be wrong). The holders can sell or execute the warrant for profit before expiration. Which I believe is 5 years(memory again, I'm not taking the time for this like some of you would...which I appreciate). I believe the ultimate buyers of the offering were hedge funds. They have relations with the underwriters to be first for juicy offerings. We should start seeing institutional holdings reported soon. I can't remember what their reporting requirements are. This is a short term, single event issue.
2) the long term issue is that we are now in the realm of the brokerage houses. The institutional side naked shorted the stock on opening day to tank the price and get a quickie profit. They then turned around and slowly reversed their position to the long side to grab profit on that end.
I believe the position reversal has started. My hope is that as the houses cover the short and goes long, we will see a controlled rise into the $4-5 zone. Once the stock hits this range it will then be sold to the retail side and we should see some accelerated growth until the houses decide it was enough and reverses the positions again. A company with a small float is extremely easy to manipulate by even one major house. We will begin to feel like a ping pong ball being hit between brokerage houses. As our market cap and float grows, the gyrations will ease. My hope is that the bouncy ride is mostly an uphill one. All bets are off if major news hits of course.
This is why I sold off my first born(he was talking back anyway) and increased my holdings by 30% since Monday. My two cents.
I'm still averaging up!
I have two rules:
1) When the board panics, buy more.
2) do the opposite of what All-In is saying.
So I sucked it up and bought more today near the low. Now i need to figure out how to stop puking in my mouth and I'll be good.
I'm seeing a Jack Daniels advertisement in my IHub app. How appropriate.
Do you feel better now that you got that out? I swear, someone needs to write their thesis on the psychology of an investment board. Especially one like ours.
You have to admit that it's pretty cool to see about 1/3 of our old volume happen premarket. Perhaps what is going on is some sort of hazing or initiation ceremony....like riding a goat to the alter of the Nasdaq, where we get spanked, pissed on, and get our pockets picked by high priests? We should consider this an honor
Just bought more at $3.90! I never thought I'd see that price again!
I just bought some shares premarket at $4. Nice :)
I think you have to wait til open because we are not officially on Nasdaq until then.
The Money Runners guy posting from a prison library computer?
Looks like no one missed you
Oh oh...not again
Best place to be
Renov8 is still lurking on occasion. I spoke to him a few times today. I'm sure he'll be here tonight catching up on some light reading.
I'm kinda fond of double Ds myself, but I prefer this any day.
Who has a link for the NASDAQ news? I can't find it.
What are the odds we hear about the cell soon? That would be a grand slam to go along with our new NASDAQ home.
I guess the big question is will we be able to trade the "new" old symbol or will be be frozen once again waiting on the paperwork to go through?
I think I may tell my wife about this when we hit $20-25 per share. She has no clue yet that I've been buying this for almost two years.
To much info for me to digest while I am at work. If someone writes a good post to summarizes today's filings, please pin it. Good job everyone!
Nailed it.
My understanding is that is could happen that quickly. They could sign the agreement today, make the announcement after close, then open on the new exchange tomorrow.
It would time out with JN's history of back to back news announcements too.
Exciting times!
Have all the major firms freed up the new shares for trading yet? If so, I think we've shaken out most of the weak hands by now and hit bottom. If I wasn't fully invested, I'd be adding here.
Most like because Scottrade and other firms freed up the converted shares.
I guess having my account update the second that I made a purchase wasn't a good omen after all! At least on a daytrader's timeline...which I am not.
What strange timing. My account updated the second I purchased SLTDD. I think that's a good omen for those that believe in that sort of thing.
Unfortunately, SLTDD is not a marginable security for Scottrade yet.
This is weird. I just bought some more shares as SLTDD in my Scottrade account. Prior to the transaction I had all my SLTD presplit shares in limbo as SLTD# and zero SLTDD.
After my transaction my account shows the new SLTDD shares PLUS all my shares converted and are available for trade.
I wonder if those shares were going to be available tomorrow after some sort of regular system update and I just forced my account to update by completing a transaction?
Kinda cool to see my account nearly double in a few seconds!
Because we have a bunch of drama queens who invest with their grocery money and the wife just noticed the fridge was getting empty.
Or fact. My autocorrect is going senile
Is that speculation of fact?