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Anyone else see the spike to $59 pps at approximately 6:10 PM EST after hours today?
You may be spot on here, have a lot of ground to cover but not impossible!
Agreed! Excited to see this one correct and continue the uptrend!
In!
Great news, thanks!
Waiting for that next filing so it seems. He works for DAO Kee construction co limited. Can’t find a ton of info on that company yet other than it looks like it was founded in 1972.
Looks very promising. Thanks for posting. This 8-K seems like the teaser to me. Step one of many future press releases possibly!
Looks like 8-K isn’t divulging plans yet. Just change in CEO. Anyone have experience with this new guy?
That was quick! Trying to catch up on documentation now! Any insight from the board on what is merging in?
That was not a “spot on” comment! Ha!
Agreed! .15 bidder is back today. Will be interesting to see if it fills eventually. Anyone have an SS of L2 they would be willing to post?
Big day today, the line is holding. No one giving in to the low bid.
Based on 2020 revenue and SS, the stock is worth somewhere between $1-$2 without a valuation on it. The P/E was -27 in 2020.
Again, I hope it doesn’t hit those levels but I think it could and I haven’t heard a good argument for why it won’t.
I hope so! Only time will tell.
Less than two months ago it was there. 52 weeks ago it was $3 a share.
Waiting for it to retreat to single digit dollar levels. Will buy then.
Brutal market day today in general!
Totally agree. Thanks for continuing to pull SS details periodically. Keep it coming please!
I see a 3 share trade. This thing is locked down and shares are hard as hell to come by!
Yes, the new base may be set now. Still a waiting game. Let’s see that 8-K!
Nah, it will be back at these levels.
No problem, I thought the same too. Trust but verify! Excited to see where we go today...!
If Ivo owned 8.5% he would have had to report on the SC 14f-1, no? My understanding is reporting required if >5% owned.
I think it breaks down like this:
Issued and outstanding: 23,811,750
Restricted total: 21,765,000
Per 14f-1;
BVI owns: 20,205,000
Palatin AG owns: 1,560,000
Public float is 23,811,750 - 21,765,000 = 2,046,750.
Not that it matters in the big picture but I don’t think he owns anything anymore.
Thanks for sharing!
Where did you see Ivo kept those shares? I missed it if in the 10-Q.
A merger with a billion dollar company would make this stock worth ~$43/share overnight... assuming no share structure changes as part of the deal...
I’d be okay with that!
Same! Bid now above price... good day thus far.
Quiet day today, folks.
Remember patience is a virtue.
This thing is setup for success, I think it is a matter of time.
A few highlights as reminders...
Great public float (~2mm unrestricted), capable management (Harvard grad, former VP of major bank), 85% of unrestricted shares owned by officers, company actively looking for merger (see 8-K), debt free shell (see 8-K), compliant and reporting shell.
Did I miss anything? :)
Getting in tomorrow and going big, ladies and gents!
Awesome! Good time to get in. Welcome and glad to have you!
Gotta move that bid up. In strong hands now.
Great pull! Keep them coming!
As we all are, we think it’s a matter of time.
Also, looks like we got just what we need, a knowledgeable chart guy or in other words another experience trader! :)
Grab em’ here while you can! Especially if only ~43% of the float is left to churn!
Thanks for the analysis and welcome to ECMT!
I think some have held since pennies or the subs and just want out. The churn is common in my opinion.
Can someone explain to me why this stock trades at ~27x it’s value. I’m genuinely considering investing in it so asking for a real answer, not trolling.
I really believe you will be rewarded sooner rather than later. Nice work!
5 decimal place price...
Nice adds! Take advantage of the weak hands.
Some traders blow my mind. Exercising a little patience would send this thing.
Totally agree, L2 says it all.