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5s should be a solid loading zone here. For running from 2s to hitting 9s in 2 days needed a minor reset. Holding well for minimal buying at the moment. Still looking good for a nice upward move IMO. Gl!
I'm mobile today, can someone post updated L2? Thanks
Only Wednesday. Lighter steady volume here, not worried. Seems to be setting up around 7s. Still holding onto 3s, expecting more IMO. Gl all OCLG
8s up and thiinnn, bid following @7. Morning OCLG. GL today!
Beautiful close @7! Upward and onwards my friends. Bid moving up, higher support levels being placed IMO. OCLG
7s up, old price channels broken. This was stuck in 0003-0004, 0004-0005 for months. Blowing the top off. Good chance to break into double zeros here shortly IMO. OCLG gl all
26M bid @5!
Crazy thin for trips, bid building @5. Looking good! OCLG
Nice volume coming in! Heating up here IMO! .0005-.0006 OCLG!
GM OCLG players. Happy trading today. Looking for some more steady upward progress here!
3s drying up quick. 90M bid @ 2s, nice support! 4s and higher shortly IMO. Gl!
Bidding on 2s. Starting to heat up here? Running through DD now. Thanks
I'm out for the moment. Fluff news along with new stop sign and broken resistance at 7s makes this dangerous to hold here IMO. Still watching closely. Gl all
LOL, oh lovely emotional traders, this is the OTC. 23M bid @7 already. Good chance to run back up quickly IMO. Gl all.
Same pattern as last few days, consolidate down a few ticks then takeoff back north with afternoon volume. Still looking good, base building around 001. All IMO. NECA
GM NECA players, nice hit on 12s straight out the gate! Let's see some higher highs with bid continuing to follow! Gl all
VOLUME VOLUME VOLUME! What a beast. Bid still following. Love it. NECA
Been adding here since 3s. Just added a few 7s. Still no worries, bid keeps growing and moving up following the ask. Healthily bullish IMO. Multiple PRs in the works, AS reduction, 90 day dilution free trading as per the company. Looking good! Gl NECA
7s up! Bid growing @ 5 moving up to 6s soon IMO!
Anyone remember when MYE* ran from trips to over a penny 2 years ago? That Co. has 4B+ OS with over 2B in the float. That run had plenty of dilution happening during with no share buyback announced... whereas here with NECA, there has been zero dilution and that will continue for at least 90 days per company PR. Along with a trail of expected PRs. Once traders get ahold of the float without the company holding it down via dilution, the SP here could run anywhere. 90M+ bids climbing from 2s, then 3s, now 4s... strong bid climbing, along with higher highs, zero dilution, and constant PR updates... looking good for a strong rise upwards here. IMO. Gl all
Bid @4 about to triple the ask @5!
Loaded up some 4s today. Nice bid at 3! Time to continue higher. Gla
Churning here between 22-25. Huge volume early this morning. This could run hard this afternoon IMO. GL all
Ask has been holding steady, might bounce. GL!
Agree with all, nice points. 20's hitting.. looking for some support here. Not sure I think that selling off a core aspect of the business shows any strength with Valeant, but the market may react positively with the fact that they are planning to pay off debts with the proceeds. Time will tell. Still currently watching from the sidelines. GL!
Thank you for your input. Watching closely here, awaiting further support at this level. GL
Still looking for an opportunity around $20even, if some signs of support show up. Add and watch until finances are released. Anyone here watch VRX daily with any thoughts on this? Thanks
Thank you for the update, looking for an entry around $20 if they take it down that low. Hoping she bottomed out and we see a nice reversal here soon. Thoughts?
Looking for an entry point here this morning. Crazy afternoon yesterday!
Fake wall?
So tightly wound up! ABCE
New here. Interesting company, SS is also interesting at a penny.
-Game
Same pattern basically every trading day. Loving it! MYDX
Thanks for the additional low 4's. Like clockwork. MYDX
Every morning with the same dip and rip pattern here. We test 6's shortly IMO. Good luck all! MYDX
Same pattern every morning... looking to break 5's soon! IMO MYDX
RS news posted.
Great Basin Announces Effectiveness of Reverse Stock Split of Common Stock
Company has 3.265 million shares of common stock outstanding
Great Basin Scientific, Inc. (NASDAQ:GBSN), a molecular diagnostics company, announced today that it has effected a 1-for-35 reverse split of its common stock. The Company has issued no additional shares since announcing its intent to effect the reverse split, and therefore its common stock will open for trading on The Nasdaq Capital Market on Thursday, March 31, 2016 on a post-split basis, with 3.265 million shares outstanding. The common stock will have a par value of $0.0001.
Proportional adjustments have also been made to the Company's outstanding preferred shares, senior secured convertible notes, stock options, warrants, and equity incentive plan. The number of authorized shares of the Company's common stock remains unchanged.
“Great Basin faced two challenges in maintaining its continuing listing on Nasdaq; this reverse split resolves the first of those challenges by allowing us to meet the minimum bid price requirement,” said Ryan Ashton, co-founder and Chief Executive Officer of Great Basin Scientific. “We want to assure shareholders that we are committed to doing all we can to bring the Company back into compliance with the Market Value of Listed Securities (MVLS) requirement outlined in Nasdaq Listing Rule 5550(b). While the Nasdaq staff cannot grant an additional 180 days for Great Basin to come into compliance with the MVLS requirement, the Company can and will request a hearing, which will stay our delisting. At that hearing we intend to present a plan for coming into compliance, and the Hearing Panel has the discretion to grant us up to an additional 180 days from the date of the relevant delisting letter to regain compliance. To that end, we are working with our institutional shareholders to reduce the derivative liability caused by certain of our outstanding securities, and we are working closely with our financial advisors, including our Nasdaq consultant, to prepare a complete plan for coming into continued-listing compliance that we will present to Nasdaq at the appropriate time.”
About Great Basin Scientific
Great Basin Scientific is a molecular diagnostics company that commercializes breakthrough chip-based technologies. The Company is dedicated to the development of simple, yet powerful, sample-to-result technology and products that provide fast, multiple-pathogen diagnoses of infectious diseases. The Company's vision is to make molecular diagnostic testing so simple and cost-effective that every patient will be tested for every serious infection, reducing misdiagnoses and significantly limiting the spread of infectious disease.
Forward-Looking Statements
This press release includes forward-looking statement regarding events, trends and business prospects, which may affect our future operating results and financial position, including statements regarding the effective date of the reverse stock split, the Company’s ability to regain compliance with NASDAQ listing requirements and similar statements. Forward-looking statements involve risk and uncertainties, which could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risk and uncertainties include, but are not limited to: (i) our limited operating history and history or losses; (ii) our ability to develop and commercialize new products and the timing of commercialization; (iii) our ability to obtain capital when needed; and (iv) other risks set forth in the Company's filings with the Securities and Exchange Commission, including the risks set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2015. These forward-looking statements speak only as of the date hereof and Great Basin Scientific specifically disclaims any obligation to update these forward-looking statements, except as required by law.
http://client.irwebkit.com/gbscience/news/2437375
Wow, nice day here! Thank you for the 7's! Gl all
enormous bid at 1 and growing....
Anyone thinking that .29 was the bottom here?
Why would BlackRock significantly raise their position here now?
SP has been settling around here for quite a while now, is the damage from the failed trials over?
Company has to either announce some positive forward looking news to raise the share price in order to keep their listing on the NASDAQ, or possibly do a R/S. I am leaning towards NO R/S needed. IMO
Personally if this drops below .29 I would think that the damage is not yet done here but the profit potential from these levels with a minimum SP needed of $1.00 is HUGE.
Any input here? I have just started looking into this company.
Thank you