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I agree. Got lucky with the run earlier this year when Tesla and all the related stocks went nuts. But with the lack of news and funding, this isn't investable like Piedmont Lithium but more like an average OTC stock, which is junk.
This company has been exploring and waiting to drill for years. There is no news, no volume. They couldn't even release updates more often to keep the stock up. This is now back to where it was. COO has jobs in several other companies. She isn't focused on just this one. I have read negative comments about what the CEO has done to his old companies on stockhouse board.
Long-term debt is actually "only" $3.57 billion from their February earnings report. For a company that does $10 billion a year in revenue, it isn't obscene.
https://ir.jcpenney.com/news-events/press-releases/detail/608/j-c-penney-company-inc-reports-fourth-quarter-and-full
That doesn't stop Americans from touting the word democracy.
Your western democracy isn't totally democratic, at least not the one in the US. Almost no democracy in other modern countries have electoral college. They have majority decide the top office -- one person, one vote.
Republicans also want less business regulation and less environmental protection. That's actually what China has and their people in big cities live in smog and food safety is laughable. Outside of its political system, China doesn't have communism, it has an extreme case of capitalism. They believe in profit above all else.
You are right about one thing. Everything isn't black and white. But that applies to every political system. Big business and GOP celebrate plenty of corporate socialism, entitlements to people and causes they like and agree with, a trillion dollar handout to the military industrial complex every year.
A few pumpers on social media.
They cleared out the offering they made in 2017. A new one has replaced it. Their cash burn has been quite consistent since 2018, $5-6 million a quarter. I don't see them cutting that when they are running trials.
Not only are you fighting the down trend, you are also fighting dilution. Last September right after the reverse split, they had 19 million shares outstanding. Now 6 months later, they have over 60 million shares. Dilution continues so after every spike, the stock goes back down and sets new low.
This stock will continue to go down. The company is using shareholders' money to fund its operation. Dilution makes your ownership worth less. They have $14m in cash and use $5m a quarter. That means they will again need to issue shares by the end of this year.
It is actually $112m. $70m + $21m + $21m.
https://www.massdevice.com/neovasc-loses-german-patent-case-edwards-lifesciences-unit-cardiaq-valve/
https://www.prnewswire.com/news-releases/neovasc-announces-us65-million-underwritten-offering-of-units-consisting-of-common-shares-and-warrants-to-purchase-common-shares-and-concurrent-private-placement-of-notes-and-warrants-656556443.html
Dilution.
"As of August 8, 2018, the Company had 1,896,512,271 Common Shares issued and outstanding.....Our fully diluted share capital as of the same date is 1,985,702,781. Our fully diluted share capital, adjusted on the assumption that all the issuable Series B Warrants are exercised using the cashless alternative net number mechanism and the outstanding Notes are exercised using the alternate conversion price at the closing price on August 8, 2018 is 2,979,502,524."
I wouldn't be surprised other crowded low priced stocks also have pops often during after hours. But these pops don't matter if they don't hold up on the next day. Look at today's after hours, 4000 shares. A few die-hards can make the stock dance.
How many shares and how much in dollar amount are involved? 1,000 shares in MSFT is something, 1,000 shares here is nothing. After hours trading is thin. It doesn't take much to move a stock like this. There are many die-hards who only trade these low priced stocks. When there is a small pop, they think it will turn into a big one so they chase.
Why don't you come up with an explanation that you can live with? It's "manipulation by the tutes" or it's the "big boys trying to load up".
Yes, but they made a deal last November to raise that cash. The deal causes the number of shares to increase from 79 million to 1.9 billion and that number will keep rising as the stock price goes lower.
But do you know how they could pay off the judgement? Dilution, and it is not finished. The company loses millions every quarter and it will run out of cash in a few months. So by the time the current dilution is finished, it will have to raise cash by doing another round of dilution.
Why not? This is one of the worst performing stocks in 2018. People sell and move on. Look at the stickied messages at the top of this board. Where have those posters gone?
After hour volume is thin. It doesn't take a big trade to move price.
Only for a quick trade, hold for a few days at most. They are companies in bad shape so people should not treat them as an investment.
You mentioned the 0.02 to 0.35 move like it was nothing. Reverse split is awesome for a quick trade. A trader really doesn't need to play anything else in the market. Just look for reverse splits on the calendar and play those. Quite a few of these had crazy gains. There is an example this week, ALT.
Seeing the so-called "DD packet" still stickied to the top of this board makes me chuckle every time I come here.
The stock has dropped over 80% since it was posted. The person who wrote it has moved on to hype dozens of other stocks. Shameful.
You can find the explanations on Seeking Alpha. Just sign up for a free trial and cancel it before it ends. Do a search for NVCN. This guy Howard wrote about all of it.
The number you go by is if the stock were at 12 cents. There are more shares to dilute now that the stock is lower.
Yes, CFO said so during the earnings call.
Quite sure it is over 900 million based on the rate they have been diluting.
No. It is a lot higher now.
What's wrong with having a different opinion? Almost all the posts here are bullish anyway and you are bothered by one or two that aren't?
Negativity is warranted here. New investors can lose a lot of money if they only see and consider the rosy point of view.
Next, you are going to tell me you never lose money when you try to time a bottom.
Longs have been wrong about this all the way down. The odds are against them to be right this time. Investing against a down trend is asking to lose money and this has massive dilution going on top of it all.
That's what many said at 0.50, 0.40, 0.30, 0.20.....
Nothing else matters except dilution and if it is only halfway through and the stock has already dropped over 90%, what will ultimately happen as the other half is dumped into the market?
His videos are a marketing tool for his subscription service. They usually feature microcaps that made huge moves and/or had high volume because those will get the most eyeballs. That said, his videos are quite educational especially if you are a beginner.
That is because technical analysis is repetitive. Support and resistance can be found on all stock charts.
Don't think companies are required to update NAS on OS info every day. You are assuming NAS is not simply going by last quarter's number and NAS is so prompt that it will send a notification on the same day market cap breaches 35m.
You should have called before you wrote close to a thousand bullish posts here. After this resumed trading in late December, a few people here said this would be the case -- shareholders most likely get zero. Where did the third leg go? It is so typical for online traders to p&d.
Time will tell who is right. Creditors continue to fight for claims and the odds are always against unsecured shareholders.
No, SARAQ had 31m shares. CBRI has 82m. When SARAQ emerged from bankruptcy on November 3, 2016, the stock went up on that day and the next day. That was it. After that, price drifted back down and volume stayed below 100k much of the way.
Also, SARA remains independent and retains assets but CBRI doesn't because all its assets have been sold to HTC Global Services.
It does matter when people here used estimates from that same article to support their bullish case.
Institutional investors can make bad decisions just like everyone else can, and they hold on until the bitter end. Stocks that go bankrupt often have dozens of institutional investors left.
That seekingalpha article author changed his mind. He wrote the article in June. If you scroll down to the comment section, you will see he posted many comments and his last was in September as the bankruptcy negotiation continued and looked worse and worse for the shareholders.
seekingalpha.com/instablog/44256726-johnny-whitemiller/4998383-ciber-inc-cbriq-evaluation-roller-coaster
"They" is one of the words used by bagholders to describe the imaginary forces that keep their stocks from going up.
See also: "Tutes", "Big Boys", "The Algos", "The MMs", "Paid Bashers".