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The entire deal for this ETF thing basically starts off with $5.2 million value. 129,558,574 shares x 0.0405 => $5.2 million if this is how you want to perceive the entire deal.
8,598,578 common shares added to Maxim's holding were the conversions of Series A Convertible Preferred Stock (Management Warrant) exercised at a price of $0.0405 in connection with the cancellation of an aggregate of $348,312 in compensation and interest due by the management team.
This basically means Maxim Group acquired all these 8,598,578 shares at a price of $0.0405 from the management team.
Yeah this is huge! Absolutely huge! That’s almost $300,000 usd at .034 avg share buy back in the open market.
Tomorrow will be at least 100%-200% up. Be ready and strapped.
Guys we will see .10 tomorrow
This one is being attacked by shorts. Let them burn
Gapping up!! Penny today??
This one has been undervalued for some time. Would it make a turnaround this time around? Pennies? Any catalyst coming? 40 million traded today is no joke. Not a small amount.
Filing coming?
Something big must be up here. 20 million traded between .0045-.0052
Unrestricted + current float = actual float.
Unrestricted = float. It simply means it can be sold into the market at any time.
Don’t worry. I will buy back in when it’s right time. Now it will keep trending down. No news no catalyst for at least another month or two. Maybe in May. See you at lowers.
Catalysts are: partnership with big pharmaceutical play, researched data and results. So far, nothing! Therefore the trending down.
Oh, I think they need to raise $1.5 million this year. More dilutions.....
Exactly.....and this is OTC.....the dilution abyss can go hard down to double zeros or triple zeros to the right of the decimal point like .001 and .0001. Again the company could have done much better job to protect their PPS value. But instead they let them to go sliding. For me, they don’t seem to care for the common shareholders at this stage. And that’s the problem. I’ve been here 5 months and that’s what I observed and felt.
And don’t get me wrong, I love how big this management team is and their backgrounds and the FDA stuffs they are working on. I still would like to invest in, but not at this price with what’s taking place right now with the company. It’s dragging out. This dragging out will make PPs to trend down even further.
Plus their cashes are running low. They will have raise more money soon. Private placement likely to be done around .05 plus warrants with the way PPS has been trending. Unless they release something good that would sustain their pps value and do PP at higher price, I just don’t see this would stay above .10. remember, this is OTC.
Forgot to mention, both class C and E warrants they extended all got expired. $1 and $2 respectively. Apparently, they don’t care where their PPs is going. That’s why this will continue to trend down. And there are still conversions happening.
Yes, lots have changed here. And you are not getting it.
Did they not know they were going to get disapproved for CSE listing? They knew and they could have just withdrawn their application right away after this acquisition and explain the complexity, but they did not and they made it sounded like it’s been progressing well. The fact that they couldn’t even get approved for CSE listing is just embarrassing!
No data, no results, just air and talks so far.
Debt Conversions today were furious and hurry. Could be done......
Sounds good! Will wait! $_$
This one literally went from $1.4 down to .107 in just 4 months........I will try and buy in again in this range .05-.08
I guess 90% of us are in the red with this one at the moment. Dilutors just don’t care....!
What are you talking about? I am down $1000 here. You are not only one that got sucked into this. Fact is fact. It’s being diluted here. Gonna have to wait it out or avg down.
Lmao, dilutions in full force.
This is more and more looking like a hostile takeover??? R/S is also an anti takeover approach. They are already a low floater. Why not just raise AS if they want to take debt and dilute shares?
Anybody found how Conor Flannery from JLL got to hold the controlling interest of the company? Can’t wait for the company to get current. All information will be disclosed and become clear. So many have happened after company went dark and company is still very quiet. This is crazy! I am really seeing a possible takeover here. the company could also be thinking about going private? Buyout will sure be huge. Guys, let’s do more diggings and perhaps contact the CEO. He is currently a CFO for a Alzheimer biotech. What’s he really up to there? A new CEO coming for NSPX? So many questions. Jeez, can’t wait!!!! Let’s find them out!
What a facking joke! Dilutions crazy here.
They just had a licensing deal news released in August 2018. That is still within a year.....
Looks like it. Bids moving up. Lots of volumes. 30 millions.
This has broken every support and broke no resistances, none. Downtrend with volumes too. The way how the company dealt with CSE cross listing was simply dumbass. That was red flag for me. They should have and could have, but pretend until just now. That was 5 months given to them and they don’t know how to get it to work. This along is one big X for me.
If it’s ever going to run, it would have been trading north of .20. Not here at .10.
This will not run but trending down under .10. New trading range will be seen .08-.10 next two weeks.
Where the heck is the big news? It’s been more than a month.
Yeah dilutions are still happening here in -.002-.003. It’s very clear.
What’s up with $0.003!!! It’s been tried so many times, and can’t break! Dilutions happening here at .003???
Going under .10 soon......just the way it is....
The main issue here is they forget they are trading in OTC......... plus poor IR works that have been done so far. Just sad......Again, is this a group of brains or a group of dumps? I really love their potentials with their management team but they lack IR savvy. This will trend down much further. I will revisit in a few months.
You watch and learn. This will be trading .08-.10 next week.