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$CETX turns out its a fraud. sad man.. heres a link..
CETX fraud suspected
$WYY watching any volume sends it. coast guard contract "inevitably" pending per company.
$GPL one of the most organically healthy looking charts ive seen in a while in micro cap..
big week for gold and silver..
$GEVO free money here.. should bounce back to 10 to 20 cents per share minimum im thinking based on offerings of 1.85 to 2.35 over sold here at 1.60
good start to the week.
$GEVO $GSS on watch.
$TGB once earnings and conference call is complete im expecting it to eclipse that mark. we'll see. they've got a gold project in the pipeline too.
$TGB up 8% from fri buy 1.50 holding into earnings.
$CETX.. it looks to me like they are just trying to blow out all the debt to improve the balance sheet. the ceo or whoever that was just got the same deal as the offering..
the float is too small here. they need liquidity as a company.
itll stagnate things for a while. I wish I could fast forward to the next quarterly statement..
its almost like IPO phase.. basically theyre paying off everyone that's been there from the beginning it seems.
trying to understand what youre layin down here.
that's why I lean towards copper this year. its a double edge sword. both intrinsic real money value and the obvious commercial use value.
silver would be 2nd for the same reason.
if metals rise shorts will have zero capacity to stem the flow.
my guess is the fed does in fact rate hike again soon which decreases precious metals. I think this is mitigated in the case of copper.
anybody have a good steel stock?
Metals on fire today. couldn't seem to break resistance levels in the stocks though.
Bullish. Copper silver gold uranium and oil in that order.
according to me... lol
$TGB here it comes looking ready to break.
$TGB in @ 1.50
These commodity stocks are flying off the chain right now.
$CETX im aware the preferred aren't trading.. and personally if I had a lot of em I wouldn't trade em at all and just let that money rake chips.
I didn't see anything that restricted the warrants from converting? not saying they are for sure but what I read didnt seem to indicate that there was a date restriction. what I did read was that the warrants were subject to conversion over the next 5 years.
if there is a date that restricts conversion it would be really good information to know what that date is?
if you have insight into that id like to know. and quite frankly if I were you that's one of the 1st things I would want to know if I owned those warrants.
well ill look for a buyin.. I gotta wait for a while though and see where the trade range ends up.. very nice company, generous, doing good business. profitable..
truly a real gem. just wish I woulda known about it sooner.. said every trader on the planet..
its still cheap at this level.. but I wanna let it breathe a little.
typo.. I need to slow down lol.. 4.5 mil becoming 7.7 potential..
A/S is 10 mil.
you never know.. they clearly are in expansion mode and that's usually why companies go public to begin with..
60 mil market cap and only 10 million shares o/s (12.7) potentially now..
either way that leaves a lot of room to grow. I Wouldn't be surprised to see another offering down the road. from what im learning id be hoping for a forward split plus an article of amendment to increase the O/S by at least double if not triple.
Smart and clearly know how to treat shareholders properly..
interesting to see what the trading range will be over the next quarter.
everything below the warrant price should be a pretty good deal. but that offering was extremely generous while being somewhat minimally dilutive.
id buy the hell out of this stock at 4 bucks.. cross your fingers maybe it fills the 5$ gap.. gobble up shares there..
Make sure matt alerts the board if another offering comes out. make killing flipping the warrant and sit on fat dividend checks forever..
$CETX think about that man.. if you bought the offering you could of excecuted your warrants made a quick 30% essentialy turning your 10$ preferred share into about a 5 dollar investment and then collect a dollar a year on a 5$ stock..
it was a really good deal..
I must not be converying correctly..
im trying to say 13.5 million dollars was paid for 1.35 million preferred shares @ 10 bucks each..
they even locked the 10% dividend to 10 bucks.. awesome deal.
Not trying to scare you dude lol..
correct. 1.35 million in non tradeable preferred. with a potential dilution of 2.7 million via warrant execution..
the stock is healthy.. but that offering was freekin awesome..
id watch out for it if I were you. if they let the public buy into it again, like I said.. im all over that.
10% plus 2 to 1 warrants plus trading at 12X earnings on triple digit earnings growth.. freekin no brainer.
$CETX its not a common stock offering.. well it kind of is I guess..
preferred shares were sold for 10% interest plus warrants.
so 13.5 million preferred NON TRADEABLE SHARES..
so 13.5 million divided by 10 is 1.35 million preferred shares that included the option to buy shares at any time in 5 years for $6.31
so a potential dilution of tradeable common stock of 2.7 million shares that warrant holders can buy 2 of for every 1 preferred they own @ 6.31
you aren't going to be able to see the dilution that comes until financials come out because you wont know who converts what when..
$CETX offering closed Jan 27th the day of the beginning of the 2nd leg down before earnings.
here it is. and yes dollars.. it already happened. the preferred shares aren't tradeable yet but they are working on it but the warrants are if they are bought.
https://finance.yahoo.com/news/cemtrex-announces-conclusion-rights-offering-141300512.html
CETX offering
yep.
$CETX it was in dollars 13.5 mil. I got the date wrong though so important to read the rest below. it was a killer deal they even offered 10% on the bought price of 10$ per share.. so stock up or down doesn't matter you get a straight up buck a share.. PLUS the 2 to 1 warrants..
$CETX if you will notice the gap happened almost to the day of the offering so looks like a little insider action happened a couple days before. offering was announced on December 27th a Thursday then news dropped on the offering and shares rocketed right up to warranat prices closing at 6.40 on the 27th.
retail sees the momo, runs the stock up to near 9 bucks so im sure warrant conversion is part of the dive down including today.
do take note though.. after tanking to 6.08 the stock already traded back above the offering price.
looks like a good stock all around though. trading at about 12X earnings with that kind of growth is very bullish.
might get a bit of warrant pinning the stock for a while but not a big deal. worst case scenario it fills the 5$ gap.
im going to watch this stock for another offering. if they do that again with those terms or even close im all over it.
GTC's set.. $GSS @.90, $LLNW @2.33 TGB @1.20 & 1.10
$CETX it was the offering that opened on the 23rd and closed on the 31st probably. it was EXTREMELY generous.
check it out. Preferred shares were offered at 10 bucks a piece at 10% interest that's huge.. plus get this.. in addition they got received warrants to buy shares at 6.31 for a period of 5 years. the warrants also stipulated being able to buy shares at the warrant price of 2 to 1 preferred.
they sold 13.5 mil in the offering so my bet is that a lot of the purchased shares at warrant price and dumped into positive earnings.
wish I would of seen that. id of bought that offering all day. a dollar per share divi preferred and 2 6.30 warrant options for 5 years on a company with 100% earnings growth? cant beat that..
I did a little poking around. looks like their loss per share is dropping too. theres seems to be a few that are right on the verge of being cleared with the FDA. options might be the better way to go actually. great entry bro..
do they have a drug on the market yet?
ARRY did you get it before the gap up?.. see theres the difference that's a good news gap. monster gainer..
hell ya, I would too. good luck.
Damn now that chart screams bullish.
I hope youre right. the chart does show some potential explosive upside and if it does get volume its gonna need to be a lot to get back up there. it looks like accumulation using the bar chart but the money flow seems negative.
the gap is a bad news gap followed by a large share dump. Until the drug becomes available for sale it appears they are a heavy cash burner. I think you might want to pull a longer chart a one year. the 140 is a very heavy support/resistance line. I agree theres room to run "if it runs" but my guess is a fail at 1.40 and the 200 day then an eventual move below the dollar to 80 and a gap fill at 70.
I got on watch ill buy volume above 140 if it goes there.
$GALT id use caution technically I see a lot of resistance traffic where its at. I show declining A/D, chaikin
it needs to get above 140 on vol if I was holding now id sell there most likely if it got there and vol didn't come in.
id have a trigger on the dump button. to me this looks toppy bouncing off the 200 2.32 after making a 30% move.
$GALT earnings are march 13th. You can play the trade but Id get out before then theyre a cash burner. projected to lose about 5.5 million for the quarter. drug efficacy news doesn't look like its due until December at 1st glance. but im not sure how many drugs they have in the pipeline.
$llnw should make a new high.
don't see that on gss