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Couldn't they just do a 20 to 1 reverse split and issue the ceo preferred shares so he remains in control of the company as they issue more shares to raise cash? I believe I've seen that before.
Does the rule about being current mean you can't convert shares or you can't sell them? If the rule means you can't convert them than vndm is probably jut selling what it has left.
maxm on the bid too
That was just per OTC markets.
Thanks, still very low. In one of my posts I mentioned the 196 number was from feb 17th and the other one I didn't.
o/s is 458 mil, that's the one that matters in case you didn't know.
Haha, Alert! This guy just did his research and thinks the market cap for this company is 20k, take him seriously!
Haha, dude you lost that one, find me a sub penny stock with less than 200 mil O/S that has a brand new, tv straight to your phone app that is advertising in times square.
Take the company tweets about dilution being over for what you will, this one is going to run, imo.
O/S 196 mil as of Feb 17th this year,
https://www.otcmarkets.com/stock/OTTV/profile
There have also been .001 ish runners into the close for 300% gains the last few fridays based of tweets, if I'm remembering correctly and this one is much better than the others. Much lower O/S.
Plus the company said they're doing an ad in times square for their new tv app? Pretty good stuff for a sub penny stock.
I had no idea the O/S was that low, even if it's a little bit higher now.
I really don't know I just read it on the board here, but their twitter account seemed to suggest something coming on monday, imo.
I thought the ad was coming on monday? Thus their twitter account suggesting we judge whether or not the dilluters are gone by checking out the action on monday?
BOOM vfin gone
I didn't know this thank you.
Yeah also on the wall at .08, hard to imagine anyone trying to sell $70,000 of a penny stock at one time without breaking it up. It could be a beginner who doesn't know any better but I kind of doubt it.
They have partially, we are waiting on the 8k to make it official. Gl
Haha.
Wow, haha. Hmm, this is why you need DD and charts. Your two complaints are about a company that no longer exists.
Yes, that's what I was saying, as FIN85 pointed out that would put us around .84 a share. Everyone do you own DD and make your own comparisons though. I only did 5 mins of DD on that company.
What are you talking about? It's a attempt to compare a similar stock to see what we might be valued at and we come out at around .84 pps?
And you're right, this one is thinner and more susceptible to big moves.
Right.
Here is a company that is somewhat similar to us in that it's on otc stock that has orphan designation and one drug in phase two clinical trials as well as others in the pipeline using the same type of treatment (this after 5 mins of DD so look into it yourself).
They also have some cash on hand as we expect to.
http://www.otcmarkets.com/stock/PMCB/profile
http://pharmacyte.com/research-development/
They have about 10 time the number of shares and are trading at .089 pps.
The new CEO is getting 61 mil shares, the new O/S will be around 93 million, still low. An R/S wouldn't necessarily be a bad thing here, but like I said it seems unlikely.
There may be some uncertainty about, for instance, they may have just finished a clinical trial for Prolanta.
https://clinicaltrials.gov/ct2/show/results/NCT02534922
Maybe it didn't go so well? But why would they be going public after a failed trial, all of their drugs seem to be related to this same type of cancer treatment.
Some might be worried about a potential R/S, but the share structure is pretty low and the new ceo owns 60 mil so that seems unlikely (though possible?)
People want details. I'm just hoping the trial went well. Prolanta has orphan drug designation so that means:
- Seven-year marketing exclusivity to the first sponsor obtaining FDA approval of a designated drug
- Tax credit equal to 50% of clinical investigation expenses
- Exemption/Waiver of PDUFA application (filing) fees
- Assistance in the drug development process
- Orphan Products Grant funding
They've already been able to get millions in financing so there must be some promise there.
Yeah.
I doubled down as well, sell half at double and ride free shares.
Yeah I know that's what I was saying, he's there to cover possibly using vndm to scare shares.
Yeah I mean it makes since ASCM is right on the bid below him, I didn't know you could actually do that.
Have you guys that have been here for a while seen VNDM on the ask like they are this morning? Why would they be there at all? Is that ever used as a tactic to get shares? I've seen that with VFIN but never VNDM.
ARXS is here boys and he's hungry.
KRED KonaRed had a big February, .065 OTCQB 148 mil O/S
KRED KonaRed had a big February, .065 OTCQB 148 mil O/S
In fingers email from the CEO he said "We will get financing before the CSE listing and complete a final financing upon listing, if necessary"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129268738
ARXS back in play, I think we move back up again now.
ARXS back on bid
It has to be a loading wall, no one could be that stupid to put up 100k on the ask at the same time.
bmak almost done, very close now, moving up with every bid to cover and moving off the ask with small slaps then right back down. I don't know but that seems like an algorithm almost done to me.