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Maybe this time around Farid will drop some Tweets and PRs into the run. I think even he was caught off guard last year and acted when it was already too late. If he's on top of his game he'll time his PRs to send this to possible new highs
Anybody who caught them 2s is riding high. It's been trading similar to this time last year
Ssh Scotty might here ya. He's still waiting for the tripps
That was a given if an RS went through. Would have likely never happened were it not for the new round of dilution and RS news. JDR basically all but guaranteed the SP would get hammered down with the way he bent over his SH
We're trading in line with the broader markets. Look at the pre open drop on our chart and $AAPL of all things. Everything is catching them bear paws this morning
Turtle Turtle. You know full well this was the expected share count post RS as the RS was at over 4B shares on a fully diluted basis. Now that the merger is complete the new OS has to reflect the Cenntro shares which account for the remaining 70% of the new float.
That's what we're all hoping for and betting on. It's just that the game will always be rigged in favor of the house and Shittydell is the house.
No the $5 for 5 days was an agreement between JDR and Wang. NASDAQ has a $1 for 10 days requirement
Feels like there's a heavy commitment by big shorts on this ticker. They've been driving it into the ground. The "Meme" stigma may be at play as well. All meme stocks are getting beaten down
Cuz they're "holding" a short position
Sounds like bankruptcy stocks
Like you said, this is an OTC penny stock. Take your CEO this, scam that and walk. Every OTC play is sispect. Name 1 OTC stock that's truly "legit"
What are you talking about lol. It already happened a year ago. We may see a 2nd coming
Or as those of us who caught it at 0.0002 (5Mill shares myself) would say, ran from the absolute bottom to an all time new high above 7 cents.
Same ol chart. Just constant downward preassure
Nice little premarket push. Let's see if she can hold her gains
That is correct. That's part of the initial deal. For 6 months only NAKD shareholders will be free to trade. Cenntro investors have a 180 day hold
Don't get me wrong. I don't trust the Chino one bit. But now that he's in Murica we should see a higher level of scrutiny
Let's hope Wang sidelines that useless JDR. The best news for the company would be the sacking/sidelining of JDR
Next we need that valuation
Doubt it. The hedgies own massive stakes in most networks and papers. They've been actively suppressing plenty of info related to the meme stocks.
If you can't beat em head on just act like they don't exist. Same tactics are used in presidential races. I remember when Ron Paul was shaking things up so they just stopped mentioning him to insure that Romney received the nomination.
I hope they pull it back a little so i can add in the morning. Would love for the merger news to drop during trading hours or on Friday AH to let the news spread over the holiday weekend
What do you think of that AH action
LMAO that gave me a good laugh
Same dropping another $10K into this. Just transferred the cash
Ran another 50 cents since your post around 5.40
Lol what?
No that's not how the deal works. Your shares stay the same but on a fully diluted basis NAKD shareholders would own a combined 30% of the new company called CEG
Not with the crook running the show here printing shares non stop. It'll be over 100B float soon
Funny thing is the tweets do play a major role in propping the pps and keeping shorts on their toes. It's important for a CEO to regularly communicate. If it weren't for the tweets this would be at 0.0001 by now
Not with all the dilution. I expect an RS in 2022. It should be a massive Ratio too given the amount of shares he's been selling
Man the manipulation is relentless. It's the same short attack chart that's played out here in the past. Shorts really want to kill this deal. Let's see how it all plays out going into the new year. The finalization of the deal SHOULD be a very positive catalyst but tye fact remains that shorts will do all they can to crush her. Such dedication definitely signals that some are just in way too deep to let this company succeed. It's either them or the company/longs. Zero sum game at It's finest
Pretty sure the number of shares reported were just over a billion
This company has an endless amount of shares to sell. They are a diluting machine
Back to the same ol short attacks at open. Now that we have a significantly smaller float it should make it easier to push back. Just need Options to become available here as well
What happened here?
How long before Options become available? Once we have options available it'll even the playing field with the shorts as it's the Long's version of "infinite" money
As long as we stay above $5 for 5 days we'll see the closing of the merger before the end of the year. Just filter out all the FUD. The filings are your best source of info. I personally expect the merger to be finalized soon and a steady stream of positive PRs to follow. For the shorts who've been stuck all year, since the run earlier in the year this is a terrible scenario. The hope was it would remain a failing lingerie company, constantly in need of dilution to stay afloat. Mr. Wang likely saw the setup and street support for the stock and wanted the attention for his company.
Already down to the 40 cent mark pre RS
Let's see how it plays out at the open. Looks like Twits is being bombarded with new faces jumping in to short the RS. Things could get very interesting if big news drops and they get caught thinking this was a typical listing RS
They already have the cash