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Well, this has become no fun at all. I used to like the chart and now it looks pathetic.
Honestly, if they would have registered and priced the offering when the stock was at $2.70 right before the whole dumb idea of re-striking warrants down to $2, they could have gotten a much better pricing then $1.63
Its looking more like a desperate need for cash then being on the brink of any substantial contract which probably also would have helped them price shares at a better price.
Trying to be hopeful but since July calls have become lotto's at least these lower and lower pricing's can't worry me anymore.
What is also weird is how $scon and $resn both broke down and were cut in half price wise at the same time. I believe scon closed their interest in them some time ago but still strange.
Nice. I see Dr Pierce is presenting.
I think the 250,000,000 + shares dumping over the past 2 weeks can lay to rest to the possibility of the 19,000,000 float.
More like they are opening the gates to the unlimited A/S.
Nothing but toxic selling here IMO.
Wow, the volume on this stock is pitiful. Lol
The volume shows that it has already started to get noticed.
Remember that $LIQD is listed on a prime exchange and not just another OTC or PinkSheet POS in penny land. Stay away from those without ALOT of experience.
They do have a notice from NASDQ for delisting unless they can get the pps over $1, but they have until July before that would happen.
@NerdElert on twitter did a great job in explaining the reason for the currently low share price and is also what led me here so credit goes to him if it goes.
Bet that changes soon.
"needs some higher volume buying to make a move upward."
Kind of like today. Lol.
http://www.thestreet.com/story/13036850/1/4-stocks-under-10-to-trade-for-breakouts-mobile-telesystems-and-more.html
I know, this is a slow board, but for those interested.
Not bad for a 0.30 stock.
"Where the hell ya been son?"
Since I bailed out on this horrible and unprofessional trade idea last week, I have been on the sidelines watching the massive selling pressure that was obviously coming.
This board can throw the words "convertible debentures" out there all you want but the chart simply show's that it's most likely an all out selloff to the bottom at this point.
Thanks for asking.
Where have you been son?
That was my point.
Insiders!
Then your reading the wrong post's.
The simple math goes like this,
$200,000 buy back around current and generous pps of $0.001 = 200,000,000 shares claimed to be bought back by the company. Current status of buyback, unknown.
During the current 200,000,000 share buyback the price continues a severe decline with an extreme volume increase since December.
So basically, a 200,000,000 share buyback led to the bottom, with very high volume. In other words, A lot of shares going for what they can get.
Anyone wondering whose selling?
Going grey before NYSE.
Been a while since I've checked in with an old fav. Right away the chart caught my eye. Nice support line around 2.60, is it still only a little over 13mil shares out?
A lot of indicators turning up and just crossing the 50/d line also looking good.
Would like to see some better volume tho.
Love the low premium the calls offer near the bid, so although silly to play calls on a sub $3 stock, leverage is still leverage.
$LIQD- per the delisting notice they have until July 21, 2015 to regain compliance of share price.
The notice was expected just as it is with any listed stock on a main exchange when it falls below the required pps level.
This date gives them some time and I also like the look of the bottomed out chart (for now). However it needs some higher volume buying to make a move upward.
Not sure of the conditions but one thing to consider is that at .001 the $200,000 buyback gets them
200,000,000 shares.
It would be 100,000,000 shares at .002
And they have stated the a/s as unlimited? (Never heard that one before)
I believe the float must be way larger then some want to admit, and the trading action is showing it.
No prob, Im long $ONCS since .30 so I am certainly no flipper and really cant complain having sold some over 100%. I just cant see the reasoning for the cash statement and the insider buying only to dilute 2 months later for a .10 drop. I firmly believe something has changed. Maybe not something really bad, but something.
Didn't Punit meet with Merk between then and now?
Just saw the news. Wait, didn't they recently say they had enough cash and didn't the CEO also just buy 50000 shares 2 months ago at .80?
Funny how they now dilute @ .71 as if some part of their original plan has changed recently. If dilution was their original plan the CEO certainly would have waited and bought at the .71.
I am sure this has all been more then covered during the day, Im just venting.
So much for company statements and insider buying, short term anyway.
Does anyone have an idea when the .04 min pps deal was made. I will look into it but any quick reference would be appreciated.
Liked the chart today, hate dilutive financing but ended up with a starter 4 hours before the filing came out. It would be useful to me if I knew the timing of the 4 cent deal to help decide whether to add later into the bottom of dilution or bail because of it.
See things I like but not sure how to read the filing just yet.
TIA
Good one.
Isnt that Monty Python?
" I too fart in your general direction. "
Understood. That's why I have learned to trade play's like this with a lot of caution and risk consideration. It was obvious the $27 target was off the charts to begin with, then watching the pure fade today with heavy volume?, it simply smells of a simple P&D for the big guys happy for $8 - $10 vs the enticing $27 target that lured the new money in.
I also could be wrong so feel free to bash me when this company, if ever, hits $27 pps without another split.
GL
Yeah, almost textbook dumpage, and only a month after up listing. So much for the concept of up listing for credibility's sake. Anyone still holding for the Wedbush $27 target? Majority of the float seems to have decided not to.
Closed out green but to much drama here for me. GLTA
You are right. A r/s does lower the issued and outstanding share count and also raises the PPS. It does not, however,affect the # of authorized shares, thus, "If" a r/s were to happen, it increases the value of the authorized shares they can issue for future raises by whatever the split value happens to be since the pps goes up but the a/s count is not lowered.
Got this from "The Motley Fool". The lower half explains another leverage point of how a reverse split affects the value of the a/s (I had to read it several times myself to understand what it said).
Reverse Split
"A reverse split lowers the number of shares outstanding. For example: if a company reverse splits its stock 1-for-2, it means the shareholders must turn in their certificates and receive new certificates evidencing ownership of half the previous number of shares. A shareholder who owns 1,000 shares pre-split will own 500 shares of the post-split stock. The total number of outstanding shares decreases but the total number of authorized shares doesn't change. If the company had 100 million authorized shares and 50 million shares issued and outstanding pre-split, it will have 25 million issued and outstanding shares post-split and 100 million shares authorized. Post-split, the company will have 75 million shares that can be issued in the future if needed to raise capital. Prior to the reverse split, this available number of authorized shares had been 50 million out of the total 100 million authorized."
I honestly am seeing a possible reverse split for current listing compliance with dilution down the road.
But, I could also be wrong, however this is what kept me from buying when this ticker first crossed my radar. Its all my opinion.
Great, I want nothing but the best for you all.
By the Way, who ever bought any # of share's has nothing to do with listing requirements. Minimum PPS requirements are what they are, and they are not currently met with a deadline coming.
Personally, considering the recent authorized share count jump x2, I would personally just wait for the split.
I only thought the pop in AS count would be of value to some here. Guess I was wrong.
My apologies
When you say
" I see no reason to raise the OS if an RS is in the works. "
Its actually the Authorized, not the OS being raised.
Raising the A/S is actually one of the reasons this move is done. They need the PPS over a certain $$ amount to keep compliance, hence the R/S. If really good news was coming, they would not need this move IMO, They will most likely do the split, probably 2 for 1, all imo.
Top reasons for stocks to R/S are:
1) sudden increase to pps via the split to gain needed minimum compliance levels.
2} defensive: company take-over control
3) massive dilution coming for a fallen business
I see them just focusing on compliance here my self..?. Don't see a takeover happening, and don't think its just massive dilution either, just them trying to re-gain compliance, For now.
Not bashing, just saying.
Getting 4.5 million from someone means nothing for listing requirements if the price is still under the minimum $$ per share needed. They are also running out of time before the deadline.
They need to be over $1.00/share I believe. They are currently under that mark and also not in compliance regardless of the recent offering since the share price is still under the needed value, hence the need for either a R/S or sudden PPS increase to push it over the needed amount. If big new's was coming, I don't think they would raise the Authorized since there would be no need. Raising the authorized allows them to do the split without news and retain compliance.
I am not saying its good or bad, these are just my thoughts.
$KIPS, 8k today with a voted raise of the Authorized share # from 40mil to 90mil. I believe its for a R/S soon so they can regain their compliance for listing on the NAZ. IMO.
http://biz.yahoo.com/e/140205/kips8-k.html
Don't really follow this company, just passing info along. Also noticed they are below their most recent offering price of .70, so the split is not necc. a bad thing. As usual, it just depends on what they do after it. GL
Agreed, by my saying solid break, of course, volume = solid.
All good deadjim.
Personally looking for a solid break and a possible move to about the 3.33 resistance test and I am seeing a 2.55 support line. I know its a big spread but that's what I see.
Since I sold 3/4 my position over $3, I am way good from my actual entry, so either way, unless news changes things those will be my current lines,
A killer PR would be nice right about now, Lol.
Your response was to me when you said "My comment was a reply to someone else who says "TA is meaningless"".
FWIW, I am all for using T/A as part of an overall solid trading plan. I was only questioning another poster who told me T/A was meaningless when I offered my simple thoughts on the chart.
I posted that after a significant move was made since my original post, and only to let him see the value of T/A when used correctly. Sorry if it was misleading.
$SCON - hope you still had some. Very
Nice move today.
Still think TA is meaningless?
They really do see all the issues, they just could not sell product so instead started selling shares when they saw the bottom drop out from under them. As you stated, new labels can not change what is happening now. Waste of money.
$SCON- In the Breakout Zone imo.
http://finviz.com/chart.ashx?t=SCON&ty=c&ta=1&p=d&s=l
Great DD 'read_this_n0w. Agree the need for another line producing the increased length would be a waste without a pending deal in the works. Nice to see that news at pps lows.
Chart seems to show some "patient accumulation" as well. The key is this 2.30ish battle line. Holding original long term share's from a 1.65 average for a minimum gap fill at 2.58 until something tells me not to.
$RNN - volume coming in from .39
Break .41 - .42 and should have some room above
$RNN - SA article just out, move to phase 2
http://seekingalpha.com/article/1861801-rexahns-akt-1-inhibitor-to-begin-phase-ii-trials-for-kidney-treatment?source=feed_f
$RNN - SA article about move to Phase 2
http://seekingalpha.com/article/1861801-rexahns-akt-1-inhibitor-to-begin-phase-ii-trials-for-kidney-treatment?source=feed_f
Ok, thanks for answering earlier. Drop seemed bigger then profit taking and wasn't sure.
Held all my shares through the spike (expecting higher pps) and am still green. Since it hasn't broken any support with the recent market heat lately, I may add as this seems even stronger at this level now.
Nicely played $scon. At a job site today and just noticed the drop. Anything happening or just the usual selling?
Well they did "dilute" in early August ($12 mil @ $1.80 per). What I thought was funny is the fact that it is not possible to have a larger float then the outstanding. Finviz just not showing accurate information. Noticed that before on their site with other tickers.
$SCON $1.73, extended tight range volume break. I Really liked the move today, been waiting for it to break the flat line (with good volume). Low float with serious amounts of accumulation in this area and up trending. Holding Long, my average 1.60
Lol, FINVIZ showing the float as more then double the outstanding? How does that work?
http://finviz.com/quote.ashx?t=scon&ty=c&ta=1&p=d