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One or two more days of dilution I believe.
We should see a nice move higher mid-next week.
Watch CFGN market maker who reps the debt to equity seller.
They sold 25 MM yesterday. probably another 25 MM today.
Trade accordingly.
CC
Is this new?
Just going to leave this old news here. Its a contract last year that Galaxy won over Boxlight (NASDAQ: BOXL). LOOK AT BOXL TODAY. Look at how its been trading. Doesn't it make sense for Boxlight to buy Galaxy?
Yes it does.
Here's last years PR.
https://www.globenewswire.com/news-release/2019/04/16/1804685/0/en/Galaxy-Next-Generation-Tops-Boxlight-Corporation-to-Win-an-Entr%C3%A9e-into-Another-County-School-District.html
CC
good luck with that
CC
Well loading up in the 001s and 002's have certainly paid off. Not happy until we see 03-05.
Good job FINALLY here
CC
As I already said, that should be IT for the next 30 days. Why do you think they printed the T trade so early in the day? That group is done.
This is good news.
CC
And there it is! Last T trade 13 MM plus shares.
Done
CC
There will be NO MORE debt conversions this month. As I stated yesterday, they could only sell 250 K in a 30 day period ($$"S).
Only what's left in their accounts.
BUY
over 01 coming.
CC
not true
Here's how Auctis works. They will hit bids and make sure there is one low print well below where the stock has traded. Then they will put in a new conversion since its based on the lowest price with a look back.
while I own this, I fear its going lower first
CC
Of course the analysis is old and flawed, but STOP.
GAXY will have revenues above 10 MM this year. Most of y'all trade these sub-penny POS stocks and most have ZERO revenue and ZERO cash.
YES< this has a some convertible debt but so do ALL of these subs.
Here's the question. With over 10 MM in revs and positive earnings and almost positive cash flow, and with 800 MM O/S's, is this stock really only worth 3.5-4 MM dollars?
NO.
No way.
And given that $BOX$ (BOXLIGHT) its competitor would be smart to merge, do you really want to be on the sidelines if this happens?
THINK.
TRADE accordingly.
STOP listening and reacting to fear.
CC
There is ONE equity line lender. It's listed there. they can do minimum 25 K tranches. Its done at a discount.
Please review what an S1 registration is and how the equity line is used.
good luck
CC
This S1 is a typical credit facility. company can draw down on it in 25 K increments as needed. it's not a stock offering at .0023 as others have suggested here. They can /will also pay off the exising toxic debt which was at much worse terms.
news coming.
I just bought that big piece at 0046 ( a little over 2 mm shares).
See you over .01
CC
Hoping for a move to HOD before 4 pm EST. Would suggest much higher prices coming.
CC
Take out OTCX and we're going to have a reversal.
Looking for big news here based on $BOX? price spike and deal they have together. I believe company hoping this morning is last of debt seller prior to news.
Time will tell. Like by tomorrow. :))
CC
going to run? I hve an 8 cent cost basis. I love it.
CC
17.4 MM.
If you check the filings closely, you'll also see they can only sell a certain amount per month and word is they are done selling after today.
CC
We had one T trade already. Waiting for the next, then will add another 2.5 MM shares. OTCX is debt to equity seller.
Again, CHECK OUT $BOX?, a company that has a selling agreement with $GAXY. Stock is up over 60% today.
Waiting for news here.
CC
yep. This tests .01 tomorrow and hopefully flies through it.
News will move this
With volume like this, even any convertible debt won't matter
CC
BTW, they have a selling agreement and arrangement with Boxlight Inc. (NASDAQ:BOXL). Perhaps y'all should check out how that stock is doing in A/H trading today.
There is big news coming here.
Follow the money
CC
This board doesn't seem to understand the filing. This is a credit facility that the company can draw down on from time to time at a 20% discount to market. They can also draw on this to pay off existing convertible debt that has worse conversion features.
read the filing. It's really not hard to understand.
that said, it won't matter.
This stock trading the whole float and more today. This will be news driven and FOMO.
CC
Here's the issue with this. If you're not in it, you could miss a 200% move in a day. Unless you're watching and think you can catch the train, you'll miss it.
Here's what I do see. No more debt to equity selling. An agreement may have been struck.
If so, and its announced along with plans on scaling, this thing moves fast.
That's my read. Hoping this is the week we hear about it. If its not this week, it will be in one of the upcoming weeks.
Cheers
CC
Radio Silent
@RadioSilentplay
$GMEV .004 pull back
Master support .0038/40
Looking for that close .0041 beauty
Great adds today strong volume
It appears that today would be a good day to buy.
CC
ITS CLOSE.
BUY.
CC
same.
Once the conversions are completed and it appears from my calculation that it is almost done, and the company updates its filings, this one should do very well.
it's a great time to load this here.
I'm up to 3.4 MM shares.
Would like to have 5 MM
CC
$BRLL .0053 CEO giving shareholders number to contact to call co.
Rule of 3
Bullish Chart
Bullish MJ sector
Revenues over 30 million
CEO is transparent
Low floater
Remarks: GOING LONG ON THIS ONE POTENTIAL .08
Quote Tweet
NO. Not next month
CC
No need for that. Brooks is a good guy. Just seeking a good trade like the rest of us.
The idea here is to make money. I respect his reluctance and opinion.
CC
The last of the debt to equity seller. It should be done soon.
then filings, then boom.
CC
It's almost here. This is the calm before the storm.
We were told mid summer. its'coming. No changes
CC
Once filings are updated, I think people will be chasing. Added 250 K more at .0058 average.
CC
And its being lifted. BUY SIGNAL.
CC
JUST WATCH THAT 5 MM share offer at .004. I'd LOVE to see it lifted today.
Next week should be epic.
CC
There is a 5 MM share offer at .004. If that gets lifted, next week will be awesome
CC
I'm buying more here
CC
Nice big bids showing up now
CC
YES. IF and only IF the debt conversions are done.
I just bought the ..032 and 0033's and some more of the 0034's.
CC
hearing last of debt to equity position was sold today. Company putting out PR on day before a holiday was a giveaway. Hopefully next week starts big leg up.
If the overhang is gone, this goes to .02 very fast.
Have a nice weekend.
CC