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Its all good buddy. I posted that info before because we had a bunch of people who do not know what rule 144 was. They thought dilution started right away. Now we have posters this morning yet again saying the same thing when that is not the reality of the filing. So I posted yet again. Take Care. IMO we are going much higher until proven different which can not even happen for many months. Potential and positive speculation are on the side of BIEI.
Hi drivan11. See post below with rule 144
TEXASOIL Member Level Tuesday, 01/12/16 08:16:44 PM
Re: lovethatgreen post# 10964
Post # of 11326
Here is the Rule 144 holding period. It appears that BIEI is a reporting company so the shares could not be sold until 6 months after issuance. So if issuance date is 90 days then 6 months past that is October 8th. Thus the maturity date of October 8, 2016. So the company has 9 months to pay the cash or the shares hit the market.
See Rule 144 holding period rules below:
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year.
Yes but that was your reply to my post stating October 2016! You posted earlier today that I said 2017. I was simply pointing out you were the one who posted 2017 not me. My post clearly state October (9 months). The posts are all in front of you with the times and its clear if you read them. No big deal but we have already been through this you and I. LOL. The posts verify this.
lovethatgreen Member Level Tuesday, 01/12/16 08:22:06 PM
Re: TEXASOIL post# 10968
Post # of 11321
i dont know bud.
I cant see redwood possibly waiting until well into 2017 to recoup their dough
they are not friendly
maybe the ceo can clarify
No you said well in to 2017. The shares are restricted for 6 months as the company is fully reporting. So its 90 days to convert and then 6 months to sale.
My Post:
TEXASOIL Member Level Tuesday, 01/12/16 08:16:44 PM
Re: lovethatgreen post# 10964
Post # of 11321
Here is the Rule 144 holding period. It appears that BIEI is a reporting company so the shares could not be sold until 6 months after issuance. So if issuance date is 90 days then 6 months past that is October 8th. Thus the maturity date of October 8, 2016. So the company has 9 months to pay the cash or the shares hit the market.
See Rule 144 holding period rules below:
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year.
Your Post:
lovethatgreen Member Level Tuesday, 01/12/16 08:22:06 PM
Re: TEXASOIL post# 10968
Post # of 11321
i dont know bud.
I cant see redwood possibly waiting until well into 2017 to recoup their dough
they are not friendly
maybe the ceo can clarify
If those shares are ever even converted it can not happen until October. So why would we have a dip now from diluted shares?
Got it Investo7. I'll go through everything this weekend. Texas
RSI 48. SIPC about to enter the power zone above 50. Today we break through and hold the 50MA.
http://stockcharts.com/h-sc/ui?s=sipc
Investor7. Today was the beginning of a run. Low volume, good gain, and extremely stable. RSI in power zone. Up from here
Great day here gang! Very positive...good volume wand a 40% gain!! 3's coming soon IMO
Maybe he has too much dirt on them and they know it? Keep your friends close and your enemies closer type of deal? The more this drags on the more corrupt COR is appearing to be.
I always am. As long as it stays over .018 it is all good IMO. Take Care friend.
It retraced 52% to .0181 from its recent high of .0375. Stayed in the FIB range. IMO .0181 was the bottom. That's why it bounced off that number so hard. One never knows for sure but it looks primed to go up much higher from here.
The stock retraced to perfection. The .018 mark was maximum retracement bottom a 52% decline from the .0375 high. If that didn't hold then down she would have went. The stock traded as low as .0181 and bounced back fast. And closed up significantly from the .018 level. This is a classic bottom bounce that held . I see this heading higher. Some people already got a 50% discount from the .0375 high a few days ago. We will see but IMO this is going to blow past .0375 high of a few days ago very soon.
But BIEI is doing it right. They filed with the SEC. The SEC is aware of what is going on. You don't call a bank before you go to rob it and tell them your on your way. Come on. Listen we can only go by the filings and newswires which then trigger SEC rules and regulations or we can go with made up conspiracy stories based on absolutely no facts behind them.
They can't! Read Rule 144 by the SEC. The holding period HAS TO BE AT LEAST 6 MONTHS. Its not negotiable it is an SEC Rule. Please read below.
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year.
But that's the rule. The company and Redwood have no say in the minimum standards set up by Rule 144. And its 9 months not into 2017. Perhaps they got a good attorney and hashed out a great deal? ;) Plus maybe just maybe they presented to Redwood what they have going and it was a no brainer for Redwood? Thus not Redwood's typical loser OTC company that has nothing going on and no product. The fact there is tremendous potential with BIEI could be a reason Redwood cut a much better deal than they normally would. Regardless the shares will not hit the market for 9 months but from what I am hearing those shares will never be issued. Time will tell. Take Care.
Here is the Rule 144 holding period. It appears that BIEI is a reporting company so the shares could not be sold until 6 months after issuance. So if issuance date is 90 days then 6 months past that is October 8th. Thus the maturity date of October 8, 2016. So the company has 9 months to pay the cash or the shares hit the market.
See Rule 144 holding period rules below:
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year.
Check out rule 144. I have actually been paid by OTC companies for subsidiaries they purchased from me with stock. I had to wait 1 year before I could convert the shares and sell them. The rule is set up to not let companies dump shares immediately overnight on shareholders. It typically requires 1 year. Thus October 8th plus 90 days = 1 year. Been known to be wrong friend but this is my personal experience and what I have been told. I am not an OTC lawyer.
I read it different. The conversion date is October 8th. Plus the shares are restricted.
The 2nd note can not even be converted until January 8th, 2017. October 8th 2016 plus 90 days. They will have this paid off by February of this year. If this company did not need financing the stock would already be in the dollars. Lets not forget they may be on the verge of curing cancer. From the note it is clear the shares, if ever issued, could not be converted for a year.
The maturity date is October 8, 2016. This note is convertible after ninety (90) days into our common stock at a conversion price equal to 60% of the lowest traded price of the Common Stock in the fifteen (15) Trading Days prior to the Conversion Date. The shares of common stock issuable upon conversion of the notes will be restricted securities as defined in Rule 144 promulgated under the Securities Act of 1933
This was a text book technical move. The recent run up high was .0375 therefore a healthy correction would be a 38% retraction to .023 or a max of 52% retraction to .018 if it broke past .023. If it bounces off of .018 its heading over .05. It did exactly that. Here is my post yesterday morning saying this exact same thing so you can see its not BS. This was very healthy for this stock IMO.
Trust me the technical chart guys see this and will be buying tomorrow IMO.
TEXASOIL Member Level Monday, 01/11/16 11:59:12 AM
Re: halbroke1 post# 25673
Post # of 26071
RSI needs to go under 70. 60 would be good. I still say it consolidates today and tomorrow and at some point watch the very quick shakeout to .023 area and if it breaks that .018 area. Then it will sky rocket up to .05+. The MM's will need to reload so the shake will come. JMHO buddy. This is going much higher very soon. Keep in mind this all will happen fast IMO.
Needed to rest. Bounce time now!
Yes. But did you notice stocks as soon as the ask was hit for about 1/2 milly CDEL disappeared immediately? Bottom could be right now IMO.
It was a fake wall to get peeps to sell to the ones waiting below. Plus it was only $16,000. Hardly enough money to change anything
I think someone had a idea. The fact that shares were way to available simply by the volume. Nobody noticed the 143 million shares traded on 8-3, or the 173 million share volume on 8-11, or the 224 million shares traded on 8-13? The O/S was like 230 million at that time. And those trading days were long before the halt. And between 8-6 and 8-19(the ex date) 1.5 BILLION shares traded yet the stock PPS was down 40% from 8-6 close(.0031)to the Ex date and closed at .0019. Even though the company was paying a dividend 5 times the current PPS? And nobody had a clue? Even I was sitting here scratching my head saying where is this volume coming from in early August. Plus the fact the share price was dropping instead of soaring like it should have when the dividend is several times the purchase price? No one had an idea? No dear. I think many had an idea.
David Bowie himself would have paid 100 million for his cure. Without health we have nothing.
RSI needs to go under 70. 60 would be good. I still say it consolidates today and tomorrow and at some point watch the very quick shakeout to .023 area and if it breaks that .018 area. Then it will sky rocket up to .05+. The MM's will need to reload so the shake will come. JMHO buddy. This is going much higher very soon. Keep in mind this all will happen fast IMO.
Yes. The MM's are giving us the GREEN Light but the incessant bid sitting is not going to get this done. I hit the ASK for another 100K shares but there was no follow through buying. Could be a nice consolidation day if we don't run this afternoon.
I think this needs to cool off and consolidate for a few days before the next move up. It would be healthy. The stock is way overheated with an RSI at 82. It has to pull back soon and catch its breath. Of course news would change everything. However, these pennies do not always do what they should!
http://stockcharts.com/h-sc/ui?s=sbfm
They have no idea what they are reading. Does this deal have the potential to be toxic? Yes. If all goes wrong. But the way it is structured the payments are made in small increments. If they get the anticipated JV partnerships this financing will never even happen and no stock will ever be issued and the company pays a small cash premium for the 1st monies received. Expect as JV partnership very soon and .10+. About as good as it gets for a BIO company in the OTC.
And you are basing this comment on what outside your opinion? Fact? Because we have heard and I have heard completely different. If you have information not known to the rest of us please tell.
Maybe. The RSI is 47 so we have a lot of room to run. BIEI could see a couple strong buying days and run up towards the 200 MA or beyond. She is ready to go IMO.
Granted CRGP loses. But COR still has to prove up how they came up with that figure. That's how it works. You can't just say they owe me one Billion dollars and just because they don't show you get that amount. And to prove up that amount COR MAY run into some issues in regards to their dealings with their two big clients. Thus the reason the judgment has yet to finalized. We will find out someday. LOL. All speculation at this point.
IMHO one of the JV partnership deals will allow the company the funds to pay the first $150K installment off in cash (with the 30% premium) before its even due. No shares will be issued for the note. The rest of the financing will be cancelled as the company will be funded for the foreseeable future from the JV partnership. If that's the case then it is indeed a bridge loan and was set up as temporary money. I think that is what will transpire. We will see soon enough.
JV partnerships. The CEO made it clear they are all but finalized. It will give BIEI the funding they need to develop and market their amazing products!
The 8K told us the A/S was going to be raised before it ever happened. It was made abundantly clear it was an SEC requirement for the company to do so. Now from the interview of the CEO he stated they have 2 potential JV partners which would create instant income to meet their financial needs as the company progresses. Today was a total BS day. Nothing has changed and this is going up from here. We all know games played in the OTC that's all today was. It will be forgotten by next week if not Friday. Silly
LOL. If you only knew
That is exactly what is going on Investo7. They are doing a small bridge loan buying a little time until the real thing happens. The A/S is exactly that. An SEC requirement. Great things are coming!!
Agree. Not to mention that the CEO in the interview last week already told us BIEI is going announce partnerships in South America & Asia that will create instantaneous income.