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All are good assumptions/synopsis at this point.
It could all fall through, but would not think they would go to another shell as a decent amount of money has been spent
the shell cost $45k and they have purchased a decent amount of the O/S. As i stated earlier today about $65k in large blocks totaling upwards of 35M shares was purchased in the last month.
Could be institution, large pocket penny gambler or it was insiders.
So if it were insiders they would be upwards of $100k deep in this RM, that is not including accounts, lawyers, auditors and such. So it may fail but doubt they would be quick to pull the plug and try again on another shell.
It takes a little bit more to move a stock, even on rumor that a simple tweet.
If the news is true and they eliminate all of their convertible debt this stock will fly as that is the only thing keeping many of the sidelines
They cannot simply put out fluff PR's to appease the masses who are uneasy. Most fail to realized the amount of paperwork, contracts, lawyers, permits and other things involved in making distribution deals, opening stores and doing more.
they have some many things going on right now that managing the stock price or appeasing shareholders should be their last concern. grow the business and investors will flock in when all it established.
if they keep putting on informational PR's about all the progress made it will do zero for the PPS. Wait till they have actual contracts in hand and the stores are actually open.
The Q is being prepared as we speak, they were just at a conference in Vegas, dealing with hanover loan. this is a small company with Dror and Yaniv handling most on their own, hell they don't even have an internal IR team. they can only do so much, and I would much rather them focus on the business end.
All that matters is increased revenue and proof that growth is expected to continue for the future. We will get an idea within a month.
.01's coming, no one selling at all, accumulation very high as all those large multi million blocks have been held tight.
Someone spent 40k on 20M shares at .002 and they have not sold and am willing to bet have much more skin in the game than anyone else. So i trust they were comfortable with their 40k purchase.
There was also about another 15M shares at .0015-.0016, so another 22k. Someone willing to risk some big cash that it goes to .01 before .0001
well you have to admit that it is odd that all of these businesses have all the same address at NW 90th street in Medley Florida
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/OfficerRegisteredAgentName/flal-l06000087680-1366b88d-47fb-47bd-ae37-c841a65fa258/marsenison/Page1
http://www.turbineaviation.aero/
they are even in the same string of phone numbers which means that are all in the same building
I am thinking more and more that this deal is way more complex than any here have even though.
I think there are many different companies that will eventually fall under the Turbine Aviation corporate umbrella and it is taking extra time to get all of the subsidiaries taken care of before the merger can be finalized.
Didn't think it was possible but accumulation is still going up. RSI riding 40
Absolutely no shares available for sale, all those that have loaded large amount have shares are holding tight.
like you have always said, you have been screaming halt and SEC investigation the past week.
And you can flip a stock, it ran up last week pretty good and crashed back down and now running again. How does that not work?
lol, right meds, drinking blah blah blah. Flipper plain and simple, don't make light of metal illness and drug addiction.
Your motives are clear as day, you have bought and will sell on the bump and start bashing again. You have went through this same cylce a dozen times the past couple months
Not shooting anybody just wondering why you bring up something as an issue now that has been known all along
Did you think that they would not convert? that is the whole point of convertible debt
So now you think the company is going belly up when nothing has changed, you were fully aware of the info but now it is a problem.
the only thing that has changed is the PPS, everything else is still holding true
lol, the end is near. they are not going bankrupt they are making over 1M a quarter.
this has been known for a long time, why did you not bring it up as an issue when it was filed?????
Instead you were screaming to the moon and now screaming halt, just own up to your motivations
CDEL with 2M on the ask at .012, not looking good at all
looking like a break of .01 is coming, no bid support in sight
Not surprised to see the price recover with very little effort. And as far as shorts I still think the MMs may be short from I initial volume burst and might have had to do with large blocks on the bid we saw a couple weeks back
Think about it what MM held inventory in a dark non reporting shell. Then all the sudden 100M in volume follow months and months of accumulation of shares by by insiders and retail as evidenced by the maxed out acc/dis line. The MM do not like to turn down business so they would have taken those orders for GLGT regardless and assumed they could buy them back later which has proven to be difficult. This is why no one oa hitting the ask because "they" if you do this price will move on air.
This has acted quite similar but at the same time stranger than any other RM play that I have recently been in or followed. Either news will come forcing the MMs to cover at all costs or they slowly do and when it happens as long as we all hold it can only move north.
Thanks to everyone here for their thoughts and well wishes. My dad successfully underwent a liver transplant and has responded well thus far.
Now let's get some news and see those pennies
L2 is always a tricky thing to get too much info from
Someone is selling, it is just a matter of who/why
1) Retail getting antsy and wanting out
2) retail trying to cause flash crash to fill
we know they hide bids and this is the most action we have seem the last 10 days
I just know you will see a drop before major news and a run as with such low volume and low float, the MM's can make this move any which way they want.
Still, if we all hold there is not much that can be done long term but upwards pressure.
Much appreciated, posts like these at least remind me there are "humans" that post on ihub.
regardless of the way it ends all we want is the chance
which is what we have gotten for him and what we have here with GLGT
reverse merger plays and locking up the float gives us "little guys" a chance. Hold you shares tight and be patient and we will get have a chance, which is all we can ever ask.
Sometimes life can be a funny thing and the adage of patience pays relates to many more aspects in life than just trading/investing
I think this might be the final shake and if they can't get more than a few million, this float is micro small
If luck is on my side and to be honest i am not really a believer in luck but, currently buying a house and as we speak my dad is getting a liver transplant and would like for this to be another notch in the right direction.
I never understood the attraction to bash stocks and wish ill unto others, its one thing to share facts and discuss the merits of a stock from a TA, fundy perspective but why would anyone want people to loose money.
Bones, 489, cobra mayer and everyone else that has contributed concrete fact based DD and made this one of the best boards on ihub. I wish everyone good luck and i want everyone but the institutional MM's to win, we are all on the same team.
Sorry for getting emotional, GTLA and enjoy the weekend, this is not a stock to watch by the minute and we will all have our toast to $$$
I have said numerous times, there will be a significant effort to drop the price as low as possible before news hits, happens time and time again as those in the know always get the jump.
This is the most action we have seen in a while and am guessing the MM's are willing to part with small amount of shares to entice panic selling or trigger stop losses.
To me this is a indication that one way or another the end is near
accumulation is significantly up today while PPS is down 8% tells me all i need to know
Maybe you need to brush up on your acc/dis line
Interpretation
The Accumulation Distribution Line is a cumulative measure of each period's volume flow, or money flow. A high positive multiplier combined with high volume shows strong buying pressure that pushes the indicator higher. Conversely, a low negative number combined with high volume reflects strong selling pressure that pushes the indicator lower. Money Flow Volume accumulates to form a line that either confirms or contradicts the underlying price trend. In this regard, the indicator is used to either reinforce the underlying trend or cast doubts on its sustainability. An uptrend in prices with a downtrend in the Accumulation Distribution Line suggests underlying selling pressure (distribution) that could foreshadow a bearish reversal on the price chart. A downtrend in prices with an uptrend in the Accumulation Distribution Line indicate underlying buying pressure (accumulation) that could foreshadow a bullish reversal in prices.
If it were truly a dump fest accumulation would be down, however it is not
exactly, which is why more reputable companies dealing with more reputable TA's keep them gagged
Actually, many big board companies have their TA's gagged and is not an uncommon practice
No, not grey as there is L2 quotes
Thought process is that people would be nervous of a crash as the ask would be heavy compared to the bid so they would undercut the current ask to get out before the crash.
If there is heavy bid support you would be confident that the price will hold.
This is the follow up the the merger agreement where shares were issued to various parties.
The part that ticks me off is the bastards declined to put in the revenue amounts, makes me think it may be good and do not want to set off any alarms.
but could bet the opposite as well
that is odd, they typically hide bids that are 3rd in line or lower. To hide such a large bid that is next in line tells me what i need to know.
They want the bid to look low and the ask heavy to entice selling.
I am really surprised that there is zero action, would expect the MM's to test the bid at least. Showing nothing currently but guessing there are still some blocks hidden at .0015
Actually, you are more likely to see a big drop before the storm as the MM's and others try to get as many shares as possible
No worries, was just commenting on the acc/dis part of your post, the rest of it was about the increased board activity this week. Always come out when their is blood in the street.
And they have 12 month EPS estimate at $38 which is in line with my thinking. Puts market cap at 600M which may seem like a lot but looking at the sector, if they get US approval, they would easily become a buyout target with high valuation
http://www.zacks.com/stock/chart/PLCSD/eps
Why is it not worth 17M in market cap??? Have you seen their financials? they have a patent for sale in Europe and Japan and are awaiting approval in the US. If approved in the US this is worth much, much more than that.
Market cap also means very little at this point and you know that. Go show me some OTC companies where the market cap makes sense. You have paper selling scams that have mkt caps of 100M
Plus, the O/S might be 18M but the float is less than 4M which has a great impact on the PPS and its trading. there are not many shares out there and when the float gets locked it is very easy to move north on news, and their will be news.
this company obviously knows what they are doing and are progressing in a very professional manor. They have accomplished quite a bit on the reporting side and once all of that is completed I am sure we will hear more on the business side.
-Name change end of month
-Financials to be released
-Patent approval in the US
What's not to like for a month hold.
The shares have already been issued and are in insiders hands, get a clue.
80% of the 18M is locked in insider hands
It is already 18M. Whats the issue with 18M o/s the float is like 3.6M, whats your point.
that really only impacts holders prior to the split and has no bearing on the company going forward.
If it is in the filings, please provide proof in a post. A link or a copy/paste from the section.
are you short? Otherwise what is your motivation? As we are all here for a reason, most is to see appreciation of price based on the reverse merger what is yours?
The debt in my opinion was a good thing as it cleared out prior convertible debt holders from the old company that can be quite the bane for the current share price.
5am is heavily invested, and they typically invest in NASDAQ companies, I will take their word on things before some penny stock shorter
What has the company done to warrant any SEC attention. toxic financing? That would require the whole OTC to be shut down
Porky you are hilarious, when stock is green you scream to the moon, when its red suspension. Lol, talk about emotion. Stocks taking a beating and taking often have little to do with the company and management themselves
People bought this on all the promos and are now bailing, this is more traders fault than anyone.