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Very well said Proxy! I agree wholeheartedly!
Womack, thanks for the adult conversation and analysis. This has been an interesting ride. I agree that this stock is acting in mysterious ways and that it could behave differently from the norm. I guess we'll see what tomorrow brings! Thanks again!
What do you mean the markets are liking this deal? It was announced after hours, so there hasn't been any trading after the announcement. If you're saying that some in the market had the information prior to the announcement, then wouldn't you think some are taking advantage knowing that typically these fall after the announcement? Just trying to have a real conversation here. I'm not short nor pumping...just keeping it real.
Agreed!
@Camelot. Seems like I struck a nerve. Not sure what warranted the harsh reply. All you have to do is look at past mergers/takeovers like these and you'd have your answer. Typically the stock price of the acquirer takes a loss the day after the announcement.
Personally, I think it will rebound in a day or two as I think this stock is legit. But from my experience, it always goes down pretty quickly after an announcement like this. I hope it proves me wrong but...
xOTISx, THAT is the question that the pumpers on here don't want to answer. We will be diluted in the short term. The shares have to come from somewhere right? My guess is tomorrow will be a down day for Aurora, and a huge day for CanniMed. For us...dilution. For them, a race to $24.
I understand the Nasdaq thing, but our shares are diluted at that point.
Guys, I know that everyone is feeling good about this stock and the short squeeze possibilities, but don't you still think that the R/S is going to decimate the pps? I'm not understanding how this could be good in any way. Anybody out there with an idea how a reverse split will benefit us? Historically it doesn't.
Forward split anyone? I was wondering if anyone (not YOU bashers!) could help me out with this question. What if, after the R/S and move to Nasdaq, the company does a forward split? Wouldn't that have the same effect of a MOASS? Wouldn't that dry up the float and in turn, make our shares that much more valuable? Any pros out there please answer?
WAIT!!!! Everything seems to be falling into place right now. Wasn't the average short position held at .09? Obviously, they are bringing the pps down as close as they can so they can cover. If we don't sell (like I sold some earlier this morning), they won't be able to do that right. If we can hold off for the 13 trading days, we'll see a squeeze (i think) jmho
I'm embarassed, they shook me for 1/3 of my shares. I really feel like an idiot right now. Hopefully the 10-k will come out soon to make me feel all better!
Question about the short squeeze...Didn't AIG's squeeze happen AFTER they completed the R/S?
Ok all, I've just bought and used the car wash kit. Needless to say, after using it, I'm long on this stock. We have something here.
I liked the car wash sponge but liked the degreaser sponge even better. I was able to get into hard to reach areas and the degreaser or whatever is in the sponge cut right through all of the junk on my wheels. I was thoroughly impressed.
What I didn't like was the chamois. It really wasn't that effective, but I think they just threw that in there to complete the kit. The money is in the sponge. I am ecstatic about having stock in this company. Hopefully we will see some good pps gains in the near future. GLTA!
35,000 for me!
Yeah, you've got a point there. My problem is when they continue to bash even though they've been proven wrong time and time again. It gets very old quickly. But, I guess that's what they get paid for.
I've noticed that since this run up, we haven't had nearly as many bashers as before. The board has become much more enjoyable without those guys. Keep up the good work SPNG!
Only hold 35k shares, I think I'm gonna sell both of my cars to buy more! This is killing me!
Walked into an ACE in Southern California and found the three pack for $12.99. Wasn't it $9.99 elsewhere? Are they raising the prices on these puppies?
Hi all, kicking myself in the rear. Could have bought back in May but decided not to. What a mistake. Well, I've got 20,000 now, but I sure wish I would have bought back then. Hopefully she keeps rocking...I may make some good money afterall! Good luck to us all!
Good article on SPNG. What do you guys think?
http://tomallinder.com/spongetech-pump-and-dump-not-so-fast
ok, thanks noobB
I tried the GTC at $1 but keep getting this rejection from Etrade.
Your GTC sell order for 2023000 EVFL at a limit price of $1 was rejected. Your order was placed too far away from the curren.
What the?
All right, done deal. Thanks for the info!
Ok all, I'm new to this board, but hold a small 2 mil of evfl. It's all over the net that we should put a GTC order to sell at $1 to combat the mms. Since I'm fairly new at this, what exactly would that do for us? Please reply soon, I'm gonna place the order if it all makes sense.
Looking at L2 it takes 25million shares to uptick and 5000 to downtick. Discouraging.
MichaelMir,
To me that would have to be a long drawn out process (buying back shares). As they start buying back shares, the pps will rise which makes it even more expensive for them to do so...correct?
Hey MikeyK, it seems to me that this is the moment of truth for this stock. If you are correct in the notion that our company has completed it's conversions, the biggest hurdle would be bringing the O/S downs right? If that is done, this stock should do rather well since they are currently acquiring another company and already have proven wells...correct me if I'm wrong.
Hey Mike,
I owe you an apology. I was frustrated yesterday when I posted my rant about you being paid by the company. The last thing I should do is lash out at people that are just as invested in this company as I am.
It's tough to watch a company that seems to be on the way up get knocked down by the cd holders. It almost makes me think that the reportings of increased production are false. I think that's where my skepticism comes from. I'm not sure what to believe when the company is increasing production and the pps gets hammered. I know that the financing is what's causing this...that's why it's called a death spiral. Anyway, my beef is with the company and not with you. I sincerely hope you accept my apology.
I'm going to hold my position for now...hopefully we won't get a reverse split.
Hey Mike,
I am one to realize when I made a mistake. I've made a big one by investing in UVSE. Luckily, I haven't put too much money into it. You wanna know what my biggest mistake was? Believing that you were truly an individual investor in this company. You appear to have all of this information from Raley, even though you supposedly haven't been able to talk to him for a couple of months. I've checked to see what other forums you post on and you basically only post on this one. 2000+ posts here, but maybe 3 on two other securities. I think you are paid by the company to hype it up and keep optimism alive. All of the positive things you've said about this stock has been proven wrong and probably will continue to be. I'm done with this worthless stock. You aren't going to hold me any longer. Although you are good at what you do, you didn't get that much money out of me. C-ya
Hi, I'm new to investing and have been watching this stock and read every one of your posts here. Looking at everything it seems that this stock could be very profitable. I have 500k shares but I am absolutely brand new at this. I'm hoping this thing does well.
If I'm following all of this correctly, the CD holders should be almost done holding this stock down...correct?