Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OS 140.4M as of last Friday with roughly 12.5M shares left to sell (assuming 1.50ish conversion price on remaining $18M)
OS 143.5M as of yesterday, meaning they converted 3M Monday thru Wednesday. Leaving 9.5M remaining.
Probably 5M sold today, at most maybe 4M-5M left now.
Lol not even new news...Shaw's has been on their "Find Us" page for over 6 months. Glad nobody else is falling for it and buying this POS.
Paper getting dumped hard now
Covered at 1.30 for an easy $2000, now to reshort all pops 1.40 - 1.60 and wait for the $1 flush
Short 10K, dumpfest starts now :)
Let's go ARCA, gap this POS to $2 please :)
5 mins of DD will tell you this is stock is as scammy as they come :)
I will because everyone will be dumping into any gap up :)
Just early/amateur shorts getting squeezed today. The real short opportunity is tomorow IMO into the early covers
Yes they do :) Hopefully tomorrow too
I don't use mickey mouse retail brokers..no problem shorting through ETC..not even a borrow fee.
Large shareholder manipulating it for a dump
No need to debate, let's see how it trades tomorrow. Pretty stupid to long a stock on a gap up after a 240% pop.
No longer worth it, penny stock market is dead. Much more opportunity on short side.
Pump it higher..the higher the better. Looking to short this POS on any gap up, lol. Only $52M in debt, weeeeeeeeeeeee
AS going to 3 BILLION. CEO turned out to be a dirtbag just like the rest of em..
https://www.sec.gov/Archives/edgar/data/1577898/000164033415000484/2015-gnpt_sch14c.htm
60 days from latest round of financing, according to recent filings. Not sure where you see 12 months.
Actually they are no longer in A&P chains, lol. Stock is scheduled to reverse split in next 30 days or so.
30M left give or take 5M
Should be .0012-.0014 cost this time (60% of .0021 lows), everyone should save their money and pull bids and wait for lower IMO...they will dump down under .002 and still make a profit. And no I'm not saying this to get cheaper shares for myself, I would just prefer the as*holes get less.
Probably oversold a bit now as the first note should be paid in full after the dump yesterday. 2-3 weeks before the next note starts converting IMO. Problem is they can convert the next note at around .0012 cost assuming a 60% discount to lowest trading price (.0021 X 60% = .00126).
So sad, biggest POS and failed pump job I've seen in a long time
Convertible notes are a b*tch. The problem is despite the value and company appeal here, nobody will step in and buy shares aggressively when BMAK will just sell lower and lower as they make profit at any price.
Asif ran this into the ground by taking on more convertibles and not following through on paying them off before they could be converted.
No idea, but I don't hold stocks when notes are in process of converting.
You are welcome, hope you have better luck than me with the shares
Exited majority of my position today, GL to all left...moving on
There's the 1.8M BMAK backprint..should just be about done with the 5M increase, combined with Friday.
They don't convert the whole note at once, they'll do it in tranches. So maybe 5M last week, 5M this week, etc etc. That way, they don't get stuck with large block of shares at a higher price, they get smaller blocks and they get lower pricing on the next round of converted shares, so there is no loss.
So for instance, if it's a $20K note and they convert with lowest share in last 30 days being .005 and assume 50% discount...
Convert 1st $10,000..
Lowest PPS .005 x 50% discount = .0025 cost = $10,000 / .0025 = 4M shares
$10,000 remaining left on note, now in the future..
Lowest price .0035 X .50% discount = .0017 per share = 5.8M shares
Not 100% of the volume is from new shares, you have existing shareholders hitting the exit too. Probably 1-2M shares left to burn through of that 5M.
Thanks! Question is, which note is converting?
BMAK is dilution, plain and simple..I would expect float to have gone up a few million once we get the latest TA report..hopefully not many more shares to go through next week
Ugly day but glad to have gotten .004s and .0042. Hopefully turns out to be a good move
Bidding 4's just in case BMAK decides to dump a load
Easy tactic to control (hold) price down to accumulate more shares.
GNPT way better if you are looking at recycling sector...proven $12M+ in revs, audited fins, no dilution.
That's the problem here..lot of posts, but no buyers.
It will take a few million in buys to get and hold above .007, plain and simple. News changes all
I'm just amazed this has literally fallen 80% and not offered a substantial bounce yet lol.
Clear .001s it's probably game on for a bounce..but needs buyers!
Zero interest in this stock, that is the major problem right now and why it's not bouncing..barely $1000 traded on the entire day.