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the merger has been performed exactly how one would expect. Everything is being done in a professional and proper manor.
Old management has been removed, new management put in place and are currently working on 8k filing showing financials.
the company is not going to start issuing PR's from day one before they even have their financials completed. What else do you want the company to do?
Lol, I will bet you what ever you would like to bet that the price will be higher in 2015 that it is as of close of business today?
Using your criteria, nearly 75% of the OTC companies will not make it through 2015. Look at the charts across the board and see if you spot a trend. They all go through it, but to say that the price will not rebound when converts stop it ignorant and shows your motivations.
You can easily see how much debt they have, read their Q. And you can trust their filings as they are fully audited reporting company unlike the other company you mention
So do yourself a favor and read the filings before making comments such as they will not survive 2015 as it makes you appear dumb
Good summary, yes market cap it way way undervalued compared to revenues. Company should be worth at least 5x revenue in the sector that they are in.
that would put market cap at $25M or PPS at .05
This will bounce once conversions slow and the buying commences, no one can dispute that fact.
Yes basing as its traded at least level for weeks and bid support has remained strong in the low .003s with this high volume.
You say you don't want to waste your time but you continue to post about it
Once conversions stop will it not bounce?
How will the company not survive 2015? Dilution and PPS have never made a business close up shop.
If they are making money and continue to increase rev's what will be the issue? If you are a new investor why would you not consider buying now? May it go lower? It could, but appears to be basing here at .003
Once conversions stop this will run nicely as there will be news in 2015 to increase interest outside of Q4 earnings
Semantics, toxic debt vs. loans. Both of you are right.
But 500k in "debt/loans" or however you want to classify it is peanuts on the OTC.
If the 35M turns out to be even slightly true that this should be valued higher.
I tend to agree as we have seen next to zero selling volume the last few weeks. Today is the highest volume since early in the month and almost all was on the ask.
this is being held strong for news to be released. Doesn't mean its a lock, but means a lot of people are willing to hold their ticket just in case
buying volume might have been in prep for golden cross. 50 & 200SMA at .0005
11.5M slap of the ask, now etrade providing 22M in bid support
25 shares bought on the ask at 3.97, so it is trading
Great bid support for holiday week, this is a week wherer buyers are in control and will tend not to ask slap waiting for cheap share from tax selling and such.
Sellers will get more antsy due to time of year but happy to see consistent million share bids
A whopping 2.8M hit 3's today, the bid is still over 100M there is zero selling pressure at 3's
Try again
he said alert coming this week and subsequently posted about Hemp Contract and a meeting with Sooum management. Pretty sure thats the alerts he was referring to, so where did he lie?
Yup, with volume comes the flippers, pump pump pump. Sell out. Bash bash bash. Buy at support. repeat.
They only want price to decline to scalp the 30% when it bounces, can't blame them but eveyone can make money.
Both the flippers and the holders as the longer term trend/chart still looks good with news on the horizon
Haven't seen that type of volume in weeks, bid support is currently 121M with less than 2M on the ask
VFIN back to .05 for now, over 500M volume last 7-10 trading days.
Just need 15 to hold, keep support at the 50SMA
It is happening tomorrow, don't see it rebounding to .002 before end of day
I'm just happy that the news came prior to year end for tax loss purposes, least saves me some $$$ from the tax man
Be careful as reverse split looms and your shares will be locked, typical sell off after split as float will be low and easily manipulated
There is a reason volume is 40M, people are bailing as they see this as a very bad thing
Pre split shareholders always loose in a reverse split in a merger as new shares will be issued after the split
They are not rumors it was posted on FINRA daily list
I have never seen a reverse split on the OTC work long term, especially with reverse merger.
current holders covert 10k:1, new shares issued diluting even further
No most likely will issue new shares to insiders and some dilution to increase the O/S diltuing pre reverse shareholders
Are you saying that daily list filing is wrong and that reverse split is not happening?
10k:1 reverse split coming, had to dump some myself on this news
http://otce.finra.org/DailyList
Agreed, someone bailed as they got news early
Not orchastrated, people are dumping on the 10k:1 split news
10k:1 reverse split
Whats weird is that it is still not filed with Nevada SoS but might explain selling yesterday
$30k is some decent change in sub land, but someone willing to drop throw it in the Turbine game. The nature of trading in that 5mins was interestign but someone wanted shares and they got them.
They are still converting VFIN and BKMM dumping below bid, only thing it can be
No other logical explanation as the timing was too perfect. Bid support shows up 3 levels below current bid and minutes later VFIN dumps just enough shares to cover that bid and price rebounds instantly from .0025 to .003
Not we have 275k on the bid at .003 and less that 150k till even on the ask
That is possible, still weird to see the 12M bid from CSTI show up and them VFIN dump into the bid until the 12M is filled at .0025 and now we are back at .003 and at a stalemate
VFIN is not even active on the ask currently and might even finish even if CDEL gets grabby at the days end nears
Agreed, now bid/ask the same at .003 and the selling has ceased
Someone needed to get filled and someone made sure it happened, or again it was David Price getting out.
Either way I think it is an indication that we are one small step closer
Fair enough, Now we have bid/ask both at .003 with VFIN still on the ask
Clearly some MM manipulation going on
Why don't you share your hypothesis
Someone wanted/needed shares bad, either Price had shares and bailed or VFIN was playing nice with CSTI and wanted them to get their 12M fill.
I am thinking MM games here to get shares, and I still wonder if any MM is still short shares overall
He had to be compensated something for his time