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We know for certain that the A/S if 950M and that at least 53.5% of the O/S is owned by Victor.
The rest is a best guess based on available info. My guess is that the oct info in inaccurate but the O/S is less than 400M
Even on down day today, accumulation not moving down maintaining its high level
Currently insiders own 80% of the O/S so if it grows 18 fold it will greatly dilute themselves.
Everything they have done including the debt has been done in a very professional manner.
The debt is good as it wipes out the prior debt of the old company and replaces it with debt with much better terms. Often reverse mergers have issues with prior debt holders coverting and crashing the stock price.
some retail idiot needs his beer money for the weekend, what would they do without their $400
Always hard to tell with CDEL, as they do everything. Good to know though.
Every other piece of info I have been able to dig up myself, shows microcap innovations as being the source of the payment
now could microcap be hired by VPOR perhaps
I am not blaming him for 3rd party promo. blaming him for saying it was VPOR who initially paid.
We all knew about the 3rd party promo, we don't need someone spreading false info about the company paying 200k for promos
IF the .002;s are taking out it will pop up, they are good at hiding the 3rd line of bids, especially if it is large
ETRF is etrade and cannot short this security
The info provided yesterday was not a PR, it was 3rd party info that has not been confirmed. The type he has provided in the past that has been proven inaccruate
CDEL on the bid with 400k at .002 and on the ask with 400k .0036
interesting to see as CDEL is notorious for naked shorting
His track record on the news he provides has been suspect.
the promo has been confirmed to be paid by 3rd parties whats the point
On the 1 minute chart, the RSI getting into oversold and even though we are down 8% with bid whacking the acc/dis line is increasing with MFI in the buy zone
How do you know that or are you just spreading rumor
It is interesting to see bashers on a subpenny stock with such low volume. bashers typically love volume and lack of liquidity usually keeps the trolls away.
The only bashing that would make sense might be MM paid bashers in order to cover reg SHO short shares.
Between the run in May with 100M shares and more recently someone grabbing upwards of 30-40M, it is possible MM's are still short shares. Think about it, this was a dormant dark shell and out of no where it did 100M in volume and MM's very rarely turn down orders and doubt they had a stash of GLGT shares sitting around.
With the float getting more and more locked it is harder and harder to get any shares.
All just thoughts on the action we have seen
Can you please provide support for this baseless claim.
Stock will hit .50!!!! Proclamations with no support are useless
last post, i'm betting the same, cross trade from MM's maybe facilitating insider purchase. Crash .60 with 10k, then 2 10k blocks at .80
Now NITE back on the bid at 1.10 with 4500 shares
Keep close eye on otc next week for more filings
They are desperate, there are literally only crumbs to be had unless you go hard at the ask.
This has to be one of the tightest floats on any play that i have been in. People have bought bought bought and are holding onto everything.
the acc/dis line is pratically off the chart
We are at the point in another merger play i was in, where it was the calm before the storm
in SPL$ last spring the merger was announce and 8k released, which brought the price from .002 to like .008, at which point it drifted lower.
then PR's started to be released in addition to getting current on filing, then all the sudden the move was on as the volume came flooding in. Now that was part of the MJ hype but the pattern is the same.
As soon as merger news gets released, there still is a lag until the news is digested by the market at large. Once the PR's start flowing this will move.
Plus we know we have a name change catalyst at end of the month
Plus waiting on 510 designation in the US, which will send this to the moon
They didn't hire a IR firm right off the bat for nothing, they have positioned themselves like a major company and are doing everything that most stink pinky's do not.
Shark, glad to have another smart, seasoned investor here at GLGT. The float is so low that even without news this can run.
This has been one of a few boards on ihub that have been a true place to share valuable info with very little riff raff
I was also in SPLI during the massive run last spring and was impressed from the contributors on that board as well before all the info came to light.
Glad to see some familiar faces and ones that know how to play the game to make the little guy win
Good thing is, if the action continues there should not be a massive sell off as everyone will be in the money.
It will be key for the company to get news out there to give people confidence to hold once the shares are released.
Our very informative friend has been banned from the party today.
per ihub itechiie had to much to drink yesterday and need to sober up before he can contribute again
Lots of action on the ask this week, hopefully means news is closer as people cannot sit and wait to get filled anymore
In this case for what the company is doing the split has not been harmful, the $4 price will come with added news and name change at the end of the month.
Look at the management team, read the 8k, see the audit firm used and tell me this doesn't look like a NASDAQ company.
Add to that 5am deals with mainly NASDAQ biotech companies and one can clearly put the pieces together, we are all just early to the party.
It will pick up and be a rager, just need to be patient as more show up to the fun.
Some uplisting info, google is your friend ;)
http://www.thestreet.com/story/10725448/1/how-an-uplisting-works.html
Sure she is still hanging out at .015, won't show with where the price currently is, would need L3 to see all quotes
People providing insight into the potential are great contributors, those that scream fire in a movie theatre are useless unless they can provide evidence of smoke
There are two different things being crossed. The state registration and the public company registration
One is handled by the State's Secretary of State, the other FINRA
The GLGT shell has been bought by Turbine Aviation and has changed the name of the business with the Nevada SoS.
FINRA approves reverse mergers and changes of company names,they are in charge of all stock tickers. The merger has not been officially completed and until it is approved by FINRA the name will not officially be changed as it related to the stock symbol.
So all are right in this situation
Currently the A/S is 950M, so that would be the max O/S under the current structure per the Nevada SoS
We also know that Victor owns 53.5% of the O/S, so max float would be 418.5M
Now, as far as the O/S, it is most likely lower than 950M, say 750M to be conservative, part of the 53.5% will be restricted and held to retain ownership of the company.
But as far as how far it can run, with the float locked up market cap means little on the OTC when the right momo hits and lack of shares to be found. Does it mean it will trade there, no but could it touch some crazy valuation before settling at say .15 sure why not, sure seen it happen to many other companies with higher share structures and no revenues.
Couple additional items to your fine DD work. I am not great at putting pictures so I will just provide links
The executive team, is legit and reads like a NASDAQ biotech company, not some OTC stinky pinky
http://ir.viveve.com/management-team
CFO Scott Durbin
Scott joined Viveve as Chief Financial Officer in January 2013. His 20 year career in corporate finance and strategy for the life science industry brings a wealth of finance experience to our organization. Prior to joining Viveve, he was Chief Financial Officer of Aastrom Biosciences, a publicly traded, cardiovascular cell therapy company. Before Aastrom, he spent six years as Chief Operating and Financial Officer for Prescient Medical, a privately held company that developed diagnostic imaging catheters and coronary stents designed to reduce deaths from heart attacks. Prior to Prescient, he spent several years as a financial consultant for two publicly traded biotech companies, Scios, Inc. – a Johnson & Johnson company and Alteon, Inc. He began his career in corporate finance as an investment banker in the Healthcare and M&A groups at Lehman Brothers Inc., where he focused on mergers and acquisitions and financings for the life science industry. At Lehman, he successfully executed over $5 billion in transactions for medical device and biotech companies. He began his career as a Director of Neurophysiology for Biotronic, Inc. Scott received a B.S. from the University of Michigan and an M.P.H. in Health Management with Honors from the Yale University School of Medicine and School of Management.
While Scott was at Aastrom it was a $25/share NASDAQ biotech company, after he left it took a nose dive, but he does have big time experience and a much more detailed track record than most OTC start ups.
Another thing was the company has been around for a number of years, with patented technology sold overseas. they are now ready to be granted 510K indication in the US which makes perfect sense why they would go public now on a US stock exchange.
Further, their auditing firm Burr Pilger Mayer
http://ir.viveve.com/ir-contacts
Is a big time accounting firm, they may not be the big four but they are PCAOB accredited and very legit
http://www.bpmcpa.com/
They are a very large firm and once again shows that this company is not messing around and does not intend to be an OTC share printing scam. Audit firms like this do not get into bed with crooks as it tarnishes their image in the industry, and when you are trying to play with the big boys image is everything
More and more this is looking like a great place to put your $$$ for a couple months to see where things are headed.
For a company that has been public since January and in business for a couple years they have accomplished and communicated quite a bit, most if not all was shareholder friendly
they are focused on building the business, developing franchises, distribution agreements, rolling out new products. I don't want to be spoon fed every bit along the way. Just increase revenues and increase EPS and all will be well.
AS far as the long time holders, most are still holding and long on the company, many our on paid sites and do not provide much free info these days. And whats left to say, everything that was said back then has come to fruition except the PPS, It may have been pumping but all of the DD provided was indeed accurate.
LAst post of the day
3 classes of shares Authorized, Issued and Outstanding
Authorized - total amount that can be issued by the company
Issued - Shares that have been earmarked for a particular purpose, includes restricted shares, unvested options and other shares that are not tradeable
Outstanding - Shares that are current in the market and can be actively traded
so these options/warrants/RSA's are issued but cannot be sold as they need to vest and until they vest cannot be converted. Upon vesting they go into the O/S as they are now tradeable securities.
Hope this clears things up, otherwise hit me up on twitter
@sootkoos
Of course it does, they have to issue the shares to cover all possible converts, but they are not in the O/S
Look at any Balance sheet in filings, they will clearly state issues and outstanding.
Its hard to day, but from what i can tell very little retail action.
Still, look 400k in volume moves it 50%, just imagine buying frenzy and 10+ mil in volume
Correct, they are issued but not outstanding
They are being granted options which vest over a period of time, these forms are based on the 8k laying out the stock comp plan.
Directors obtaining beneficially owned shares must file these forms, they are not being sold though, they are being granted based on the merger agreement.
Def not to late, as far as getting filled, hard to say. Volume has been drying up with little selling going on.
I would put it at .0017 if you want some shares, the .0015-.0016 will be fighting for them, and if this comes to fruition the couple ticks will be meaningless
They are bid sitting as it worked a couple weeks ago, small block sells to fill 20M bid that was at .002
there was another 15M bid at like .0016, they both were filled on the bid.
Since then MAXM and CDEL have been hovering with combined 3-4M on the bid at .0015 waiting to be filled.
People have been loading as much as they can the last 3 weeks, no selling at all and the acc/dis line could not get any higher.
No time table, reverse merger been in the works since the spring, all news points to it still happening.
Non retail MM's have been trying to buy shares for past few weeks after 40M shares were loaded from .0015-.002