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Probably the only thing holding this stock up, I fully expect this to hit single digits in our current environment.
Where are you...you still holding?
Well, I guess time will tell...
I do have to make a correction from my previous post:
Institutional ownerships as of 30Jun2022 KR (from Kroger's IR site:
Vanguard Group: 80.8Mil+
BlackRock: 65.6Mil+
Berkshire: 52.4Mil+
State Street Global: 36Mil+
FMR LLC: 9.4Mil+
Institutional ownership as of 30Jun2022 BBBY (from Nasdaq site):
BlackRock: 12.5Mil+
FMR LLC: 8.3Mil+
Vanguard Group: 7.9Mil+
State Street Corp: 3.3Mil
So, I can see the push to move into Krogers....
Interesting to see the cross over in ownerships.
Anecdotal reason, I can see how this piece of news might have been great back when announced Sep 21', but today not-so-much given its reported sales. And BlackRock was probably an advocate. Given they own both BBBY and KR. But I don't see a Kroger buyout announcement unless it has something to do with after declaring bankruptcy where KR acquires BBBY pennies on the dollar. I simply can't see Berkshire agreeing any other way. Unless you can show proof in a form of conference calls notes and financials where it mentions enormous sales of BBBY merchandise on the Kroger's platform.
Agreed, the only way Kroger would even think about this is after BBBY declares bankruptcy. And that's a longshot. There's no way Kroger shareholders, Berkshire & Blackrock being the largest stake owners, would approve of buying BBBY, way too much debt. Well Blackrock might be on board...11.7M of BBBY (BlackRock Institutional Trust)...the same fund owns 43.8Mil of Kroger. LOL Pretty sure Berkshire would be against this buy unless it was part of some bankruptcy. And I'm pretty sure BBBY stuff is not flying off the shelf in Kroger's saving their bottom line.
Dang...did not realized this happened on Friday afternoon (I assumed it was evening hours). Really surprised this was not plastered all over the CNBC...
"On Friday at 12:30 p.m. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who suffered injuries from a fall. Police identified the man as Gustavo Arnal."
https://www.reuters.com/business/bed-bath-beyond-cfo-plunges-death-new-yorks-jenga-tower-reports-2022-09-04/
I'll be rubbing all Labor Day weekend...cause you know "Labor". LOL
The outstanding is more like 23Mil shares for HPCO, the IPO offering was for 1Mil.
And here we are trying to rub half-a-penny together and get a nickel out of it.
.002 to .02 seem to be the trend these days in the OTC...I need to frontload something before these groups do.
IDK...I could buy some right now and it will drop to $2.00 next week. LOL
Cool...at least that should move this back the Current status...let's see what it says.
Hell, I ain't even that greedy. A nickel & actually hold is good enough for me. And really, GGII can use this opportunity to legitimize itself, clean itself up and truly make plans to move to the big boards. They doing what all these basement dwellers dream of doing. Hopefully, $HP*CO proves to deserve to stay on the on the big board. Hell, I'll even take up smoking Hemp. LOL
GLTA
$HPCO is currently doing fine...$GGII is taking a beating, though. Frankly, I thought it would be sitting over .01 at this point...
If referencing the $HPCO IPO, probably too many orders and the system needs to match buy and sell orders as best they can. And Probably too many sell orders from those that were able to get in on the IPO offering price of $6.00.
LOL Yep, there's always that...he's an odd one...
I think GGII still got some legs...Hey Artemis-1 had to scrub it's lift-off today...GGII did the same...still worth watching...folks ain't ready to give it up yet. LOL
GLTA
Are you saying an increase in Outstanding Share Count is NOT dilution?
Dang...BBBY on fire!!!
Nah, all those that got 10's of millions of shares in the low .00's are taking chunks of profits, under cutting the bid...that's always to problem with the newbie around these parts. They are waiting for the grand slam with bases loaded while the very experience whales don't mind being walked, taking base hits and a double here and there.
Yeah that seems crazy as F...but, folks got TS*NP that now HU*MBL on the brain. Even though HUMBL (post reverse split) is crap these days...back when it was TS*NP it moved hard to $2 or so on nothing with a similar share structure, will it happen...no idea. But, GGII got a much better story...GLTY
Meh, don't mean all that much when this many eyes are watching it...It will only pullback hard if the IPO seriously disappoints...the FOMO will keep all in until then...everyone is looking for those crazy A$$ OTC gains...
GTLY
expecting even more gains from here...those waiting for the 1st half hour pullback on trying to get in now or buy more. .02+ here we come. : )
GLTA
$GGII on board Artemis1 for tomorrow's LAUNCH!!!
If only, any this would show up in audited financials...
Any buyers of HPCO at IPO here or looking to buy once it opens on the open market?
Looks like BBBY are going for the AA strategy...get a loan, have the retailers prop it for as long as possible and then get the best bang for this dying company...who knows might work...will be some winners but many, many more losers on the retail side.
Do have any idea when Caveat Emptor status will be removed?
Cool, thanks for the reply.
I'm guessing it was because of the premarket news release yesterday.
https://investors.ginkgobioworks.com/news/news-details/2022/Synlogic-Announces-Synthetic-Biotic-for-Gout-Developed-in-Partnership-with-Ginkgo-Bioworks/default.aspx
The algorithms triggered until people realized it's with a yet another obscure clinical bio development company.
what's the website?
IKR...but realistically, I don't see many in that scenario. Those that enter this trade under $20 and holding to $1000 are unlikely. Most would have sold long before then. About the only realistic way to for this to happen if one was unaware of this move and happen to check-in and it was trading for over a $1k.
It's taking a beating now, I guess the only explanation is huge short positions that got out of control. Why anyone would short a stock in less than a month from its IPO is beyond me, would love to know what's the story here.
I can't remember exact details: about a decade ago I saw mentioned on CNBC a halt of an OTC stock (don't remember what it was) that went from approx. $.50 to nearly $20.00 that upward move lasted was maybe 2 months or so. Some small private brokage individual that was not supposed to be trading OTC stocks shorted this stock because said company on paper was only worth $50 or so. So this guy went decide to short it to make a quick buck, that brokage lost a ton of money covering. Of course, it came crashing down as soon as it re-opened. I do remember some guy here I IHUB said he made about $50k riding that move and mentioned getting a call from some authority entity...SEC maybe...but, nothing came of it.
I really don't see how Ginko would, being in the health services industry.
Weird that anyone/entity would attempt to short with only 20Mil shares outstanding. 21 Jul closed at $20.32, 21 Jul closed at $68...this move is strange...was this a short squeeze move...already this just IPO'd 15 Jul. Did somebody say this was a scam from the beginning and said let's short it...really...just seems crazy to me...anywho, good luck to those playing...
So far no explanation...but the company says thanks. LOL
https://www.businesswire.com/news/home/20220801005877/en/AMTD-Digital-Inc.-Thank-you-note-to-investors-and-our-response-to-our-latest-ADS-price-performance
$2300!!! WTH!!! LOL 12:54EST
Crazy...how did you find this?