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What weak PR? FROZ did not release any PR today.
LOL. If you really did have this conversation, everything they've been working on has come to another halt. It wouldn't be right to pay himself $50k when his employees make more? That is a joke. He is the ceo of a non-revenue generating company that, according to you, is no longer working with their lawyers to file the IP, does not manufacture their product, lost their potential distribution and has increased the A/S to 5B during the last run - he does NOTHING to command 250k in salary (paid by selling shares). The share price dropped because of toxic financing, not "investments" or new employees.
Come on, Giorgio, nobody believes you. Maybe he will arrange a major pump campaign, but don't hold your breath for that "major announcement".
Down day, but nothing to be concerned about. I think shares have been hitting the market to pay debt, but are being absorbed well; this shouldn't carry on too long. The momo flippers are out and the panic sellers should subside as we reset and strong hands hold for pps appreciation and the move towards the completed r/m. Don't be overly concerned day to day, know why you own and what you own and act accordingly. FROZ
Thanks for the update!
Agreed. Still holding all, the volatility was expected. Perfect time to load some more if you want in IMO. FROZ
Thanks.
My apologies if this has been addressed here before, but what's holding up the financials/name change etc here? The ibox PR says it was to happen in December.
Even if he owns an optical store, that means nothing. This is a publicly traded company that supposedly makes televisions - televisions that you cannot buy. Website is years iut of date, massive dilution has been occurring in the last year. Not saying it won't run again, just that I'm highly skeptical of the CEO.
That other venture doesn't exist. Giorgio just pays himself $250k a year to do absolutely nothing.
Very rare to back out after the announcement. The agreement will have certain conditions that need to be met in order to close, but if they could not be met, they wouldn't take all the time to get it to this stage. Now it is a matter of waiting.
Buy volume now higher than sells. FROZ
$100K ASK HIT ON FROZ
$100K ASK SLAP - FROZ
11M, $100K hit on FROZ
$100k hit at 0087 ~ FROZ
Think this is getting ready to move before eod...Let's see. FROZ
BKRT has nothing. I was buying 400k at the ask at 87 and got no fills before he jumped to 88.
Just so people know, they have a few business days to file the 8k regarding a material event, it is entirely possible they release nothing today (but that does not mean that they won't or that the merger is not happening if they don't). FROZ
Don't think VNDM has much left. He wants to sell and be out. FROZ
VNDM is now trying to sell, time to take him out. FROZ
VFIN is a market maker known to dilute, but he is gone.
VFIN is gone
Retail is panic selling...
Now with VFIN showing up, people are selling into the bid. Either it is panic selling, dilution or possible leak (unlikely). Very interesting that VFIN and VNDM have showed up today, not sure what to make of it.
Only 2 sellers under 01. Green coming. FROZ
BMAK is gone
WABR very active this morning, looked he was dumping into that huge NITE bid...
WABR on the BID...FROZ
Thanks for taking the time to provide that background. That sounds like a great deal. I did read about the $90m for the studio, however they will still need to start paying that rent in 2016 and from the balance sheet, they haven't been making anything. Not saying things aren't going to change, just stating what I've seen so far. The reason for the riase is to fund equity or debt financing, so the o/s is going to get much higher as they pursue financing, if I'm not mistaken it us up about 100m since a few months ago.
Thanks. Interesting development, unclear how they're going to finance this project without issuing a ton of shares, but then I guess that is what the increase to 5B a/s is about.
What's the long story? And isthat what happened or just your opinion? This one looks interesting.
Ask is looking thinner, bid whacking continues. I think we see some buying before EOD, holding up relatively well, all things considered. FROZ
A lot of bid whacking, I agree, but shares are being soaked up in the 9's all day. So far the bottom has held as people look to be accumulating on the whacks.
Here we go, 01 break coming. Bid whacking has stopped for now, VNDM can't have many shares here.
I disagree, lots of support in the low 9's and VNDM can't have many shares at 01. 01's need to be hit and then I suspect we trade in the 95-011 range.
Lots of selling, but still relatively low volume (so far). Bids need to step up and take out VNDM at 01.
Agreed. Good support in the high 9's, closed at .01 on strong buys. Much closer to the announcement.
Seemingly unlimited amount of shares here at 22. As soon as they're down, NITE reloads the ask...
That is a massive increase.
Clown show on the ask. Merger imminent. FROZ