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When the deal was announced for 7 cents a share the public price was 9 cents. I suppose the investor felt screwed for paying 7 cents when the public price dropped below 5 cents. So, the investor is now probably happy and it's just us retail investors feeling screwed. This maneuver doesn't spell much confidence.
Full disclosure, I do have a open sell order....at $5 :)
It's the filing today: https://www.otcmarkets.com/filing/html?id=14781283&guid=O5ZaUFJLzJGOcth
The outlook would all change with an update with teeth. Unfortunately, we've seen news of offerings (yea!!!), name change (stinks of pinky BS), AI/SWARM is the future (OK now stop dangling the carrot and show us the meat). The longer this goes the more this stinks of the typical penny stock BS. Only the stock price will change my mind haha
Guess it pays to be an investor on a direct offering. Only the retail shareholders are screwed by the down turn of the share price. Wonder if I can renegotiate my purchase price /s
Yep, that's why it's called holding the bag. They need someone to "hold" those shares. Not that they do so willingly by the time they're down 99%.
But not today's news. Maybe next week's "news".
Haha yeah, I like to respond to the posters saying "holding" or "I'm long" with "hold that bag!"
Yep! I was lucky with that first bump and saw the OS go up 100s of millions and then sold right away. Been watching the OS continue to rise by billions. Amazon this, Amazon that, doesn't matter to a retail investor holding "long" if they're printing shares.
Ok...
947,270,615 shares (assuming exercise of all of the pre-funded warrants, but not of the common
warrants or Placement Agent Warrants)
Hope they really kick it into gear beyond name changes.
Correct, that's why I'm asking if this is the landing spot for the OS. Just want to keep an eye on this.
OS is up to 915 million https://www.otcmarkets.com/stock/clwd/security
That's up from 804 million. Is this the landing spot with the direct offering or they printing shares on top of all this? Just the usual penny stock concern of retail traders getting screwed by crooks.
For sure! Hold the bag!
I mean the market is saying there's no reason to go up either. The company sold 100+ million shares to someone for 7 cents. The market must want the same price.
The company is to blame, the market is just reflecting that reality. Fine if people want to say "I'm long more to come" but that doesn't change the current situation.
Agreed, name changes happen too much down here in the pinks. They need to deliver tangible things, that's what will move the price. Various message boards I see people blaming over market trends or 212 trading restrictions for killing momentum. Reality is, show the market the value and the price will reflect it. The value is not in some buzz word name change.
Not completely against name changes but they better be chewing gum and walking at the same time and get a real catalyst in to move this thing.
Sure, why not haha. I'm "in" on a sell for $1. Not sure it'll do anything but doesn't hurt :)
Oops, misread a previous post that he's a CTO and took that he's THE CTO :) Nevermind then
Maybe a dumb question but does this necessarily mean the shares were actually purchased by Blake? Purchasing isn't the only means of getting shares when you're the employee of the company. The filing is to report ownership above 5%.
Wish I had took note of the OS before I hit refresh but it went above 804 million when I think it was in the 700 million range. Are they also selling shares outside of the direct offering?
https://www.otcmarkets.com/stock/clwd/security
Realized I accidently replied to a post and didn't see a way to fix that, meant it as a new post
The OS is what's up :)
https://www.otcmarkets.com/stock/cbdl/security
Looks like another 700+ million increase to the OS: https://www.otcmarkets.com/stock/cbdl/security. Close to 6.5 billion now. That's close to 2 billion more shares in the last week, yikes.
Is this bot broken? haha
Yeah, I refreshed the page with the OS on Friday and saw a big increase. Just last week it was under 5 billion and now is 700+ million higher..sold that morning for a profit. Just good timing but wouldn't want to get holding the bag on this one. Maybe there could be some more pops in the price but watch out for that share selling!
Or.....there's a nice supply of shares to sell. Keep an eye on the OS https://www.otcmarkets.com/stock/cbdl/security
I would think shareholders would be more concerned with the OS increasing than the person pointing it out.
Maybe....but do those activities matter to the average shareholder if they're going to go at that pace to getting the OS up to the authorized of 25 billion? 750 million new shares in the market is a lot. Even at a very optimistic 10 cents a share, that's 75 million dollars they need to justify for those shares. That's not even to say they're even close to being done selling. The share structure is not looking good for a long term hold as some want to imply. I made money off this stock but it's not from holding this thing. Don't be left holding the bag as they dilute into the market at this alarming pace.
But it has increased. On 2/10/21 it was under 5 billion. It's gone up by 750 million in 2 days! https://www.otcmarkets.com/stock/CBDL/security
Keep an eye on https://www.otcmarkets.com/stock/CBDL/security and you'll see the changes in the outstanding shares. Spoiler alert, it's going up. I made my money here, I'm out. See the OS go up and that run way with 25 billion in AS. Hold with caution if you dare.
Yep, hit refresh on this page this morning and noticed a nice 250,000,000 uptick in the OS...https://www.otcmarkets.com/stock/CBDL/security
I knew this was a printing machine risk, made my money and now out. Good luck to those trying to time the ups and downs.
Yeah, 7 million is 1.4 billion pre-split. They haven't even issued shares for other "acquisitions".
Hope all the shareholders have there worthless security forms ready with their brokerage firm to throw what little they have in the trash for a tax loss.
To translate all that.... This has always been a scam and will continue to be. POS people.
Yeah, the sticky posts make it clear to see the rinse portion of this dilute, rinse and repeat scam.... Wouldn't want to have that!
That'll be some work to keep that up to date as the share selling faucet is turned on.
How are your eyes?
It's all part of the scam, they did put "future" ahead of the uplist statement.
I see you conveniently leaving out the OS amount right after the shell game move of shares. You wouldn't want to do that because it'd show the millions of shares sold by the company...
It does with each trading day.... They continue to sell shares.
Please, the shell game that shifted shares.... They've sold millions of shares since then too... Quit being deceptive.
Because that's not the plan.... They've been selling shares and will continue to do so. Just your typical penny stock scam.
And what will you do when it doesn't?