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INQR (CE) RNVA (CE), and FOXO on the verge of delisting for failing to meet the minimum bid listing standards for the NYSE AM. a whopping $3.00? What's not to like?
I am going on record to say that yes, they will get back to current, but you won't see .005. Same old .00001 by .0001. Stop me when I'm lying.
You are so late to the party. This post is for you. HODL my ass hello kitty or whatever!
https://stocktwits.com/Victhestick/message/580555341
The "They" sure are busy little beavers. Wish I could meet one of those "they" folks some day.
The vast majority of EM stocks do not come back. Varmit seems to always pick the right ones at odds that defy logic given that he seems to bat a thousand when the odds are 1 in 4,000 or more now plus one as of the recent action against RNVA. The best bet is to avoid stocks that can't seem to get the basics of publicly traded life like filing on time which is old hat for investment-grade securities.
Or pick better stocks. That sounds like a great alternative. But here is a good write-up that should make you feel a little better instead of blaming the system.
https://blog.otcmarkets.com/2023/09/14/the-expert-market-its-larger-role-post-rule-15c2-11/
1st, that is an unaudited figure and not for nothing, 5 million (which you supposedly have 20 times over) impresses you? In the world of stocks, that amount is jack squat that nevertheless failed to move the stock that likely would have had it been any other stock even if only a little were it not for the 9 reverse spits and the bloated share structure with tons of dilution just waiting to happen when you calculate the effect of fully diluted earnings per share.
2nd that $20 million you speak of, that's $20 million of convertible preferred stock in FOXO (subject to certain adjustments) not cash like you misled as if it was. How was that amount arrived at? Like all of these lighter-than-air companies you ply your trade-in, pure hopium, and not much else.
Let's watch this movie which so far looks like yet another stock market blunder you've pinned your hope to.
I'm out. This week is a busy earnings week and I am playing just about all of them and have no time nor interest in bashing obvious crap.
Sorry, but that won't be a direct impact on the stock price. What your suggesting is financial alchemy. You can't take two companies with market caps of 2.69mil and 4.30mil and create a 40 million dollar combined company that basically owns itself with this wholly own component. This reverse acquisition is unnecessarily complicated that achieves nothing but rearranging deck chairs on the Titanic. We'll see who's right. My money is on me.
Maybe the inescapable fate of the Delisting Requirements Action when a company fails to maintain a bid above 3.00 is starting to sink in among the most ardent supporters of this trash. It would seem that yet another rs is in the works. It would seem that no less than a 1 for 15 reverse split must be approved. It could be even more, maybe 1 for 20 or higher. These guys will probably swing for the fences and go for 1 for 50 to be on the safe side. The max is 1 for 100 allowable for an NYSE-listed security,
NYSE American Listing Requirements
Financial Standards Standard 1 Standard 2
Market Value of Public Float $3 million $15 million
Stockholders Equity $4 million $4 million
Minimum Price $3 $3
Operating History - 2 years
Nope, closing transactions only with broker assist. My dedicated rep at ET did have a nice chuckle at your analysis, so you got that going for you. He asked about the website where you are getting your information and stated it might take a few days for Ihub to update. Anyway, it has been fun watching you work your narrative. By all means, please continue. You're a joke!
Yeah, I'll call my brokers and let them know. Meantime, all objective indications are that RNVA is EM.
Jay, you haven't heard? RNVA is still pink current even though at least two of my brokers say otherwise.
See for yourself. nfrequent brought that to my attention. Maybe nfrequent could call Etrade for me and let them know that investorhub says RNVA is pink? Nfrequent, if you're out there, be a lamb and call ETrade and Interactive Brokers, I will call my BOA Merrill Lynch bank and let them know that you took care of straightening out my other brokers so I can now buy some RNVA based on your buy-side thesis.
https://ih.advfn.com/stock-market/USOTC/rennova-health-pk-RNVA/stock-price
https://stocktwits.com/Victhestick/message/579831576
https://stocktwits.com/Victhestick/message/579812897
nfrequent, This is the message you get when you try to purchase RNVA, and I am an accredited investor as of June 10th when I was granted approval to access pre-IPO companies like Data Bricks.
https://stocktwits.com/Victhestick/message/579812897
So not on the EM. Got it. LOL Let's watch the amazing volume today then.
https://www.otcmarkets.com/stock/RNVA/overview
Try hitting refresh on your screen. I am not seeing your screen where the skies are a different color in your reality.
You did see this coming, right?
Check back tomorrow. Sorry for your loss.
Ah, man! Don't you hate it when this happens?? Bye bye, NYSE listing's minimum bid of $3.00 is a bridge too far for these idiots unless of course, they do another reverse split. Always good, right stuckaroos?
https://ih.advfn.com/stock-market/AMEX/foxo-technologies-FOXO/stock-news/94203375/foxo-technologies-inc-announces-receipt-of-notice
9 reverse spits
Expert Market bound by tomorrow
Billions of shares outstanding
Delinquent in its filings
Expiring grace period today
and a partridge in a pear tree.....
Yum, right?
https://www.otcmarkets.com/stock/RNVA/security
SECURITY NOTES
New & Secondary Issue=10-95 4,100,000 shs at $12 by Merrill Lynch & Co. et al.
Capital Change=shs decreased by 1 for 12 split Pay date=07/25/2006.
Capital Change=shs decreased by 1 for 5 split Pay date=06/17/2011.
Capital Change=shs decreased by 1 for 10 split Ex-date=11/03/2015.
Capital Change=shs decreased by 1 for 30 split Ex-date=02/23/2017.
Note = Delisted from Nasdaq on 10-25-2017
Capital Change=shs decreased by 1 for 15 split Ex-date=10/06/2017.
Capital Change=shs decreased by 1 for 500 split Ex-date=11/13/2018. Pay date=11/13/2018.
Capital Change=shs decreased by 1 for 10000 split Ex-date=08/03/2020. Pay date=08/03/2020.
Capital Change=shs decreased by 1 for 1000 split Ex-date=07/19/2021. Pay date=07/19/2021.
Capital Change=shs decreased by 1 for 10000 split. Ex-date=03/16/2022. Pay date=03/16/2022.
PROPRIETARY QUOTE ELIGIBILITY
PQE Status
Yes
PQE Reason
Piggyback Qualified - Grace Period
Grace Period Grace Period
Yes, Last Day of Grace Period: 07/16/2024
LO, you are so FOS your eyes are brown. Whatever! I like the way you modified your narrative into something even more outlandish. But it's fine with me. We are all playing some sort of liars poker around these parts, sabby? So by all means, proceed, sir. In my best Doc Holiday affectation, Tombstone Style. “Age Quod Agis”
If paying off a house is your idea of prodigious deployment of wealth...LOL. I have my Tax Home in Henderson NV, Two properties overseas for vacations, and several Verbo properties in Colorado and Utah. That was some of the advice I was given on how to use some of my cash.
LOL, it's cool. I will back your play if someone questions the veracity of your claims even though I know better.
Copy and paste from a newsletter, Mister 100 million dollar man my foot! I think in my mind and for those who read my post that you have been outed as a message board fake. Dime a dozen on boards that peddle OTC trash.
But they're your lies, tell them how you want. I know that when I started accumulating assets over a few million that I was getting calls from my first broker which was Etrade way back in 1999/2000 time frame when I turned about 200k into just shy of 6 million in about 2 glorious years of trading. SIPC insured limits were 500k then and are still only 500k. Banks and brokers like to spread the wealth. It is for their protection as much as it is for their clients and if your broker hasn't forced you to spread it out for their safety and liability mitigation, then you don't have what you claim.
You only have one broker? While I don't have 100 million like you claim to, the following limits of insured broker assets have required me to have Stifel Wealth management accounts, one for me and one for my wife, Private banking with GS and JPM, Etrade and Interactive brokers and basic checking account services for everything else with BOA. I doubt very seriously that one broker wouldn't have advised you to do the same. So for me, doubt persist as to your claims that you have the wealth you claim to have. Very serious doubts.
SIPC coverage insures people for up to a limit of $500,000 in cash and securities per account. SIPC protections also include up to $250,000 in cash coverage. The total amount of SIPC coverage is $500,000; thus, if you have $500,000 in securities and $250,000 in cash, that entire amount may not be covered.
This is from one of the newsletters I got from GS Private Banking arm.
Individuals with a net worth of $100 million or more, who have significant portions of their wealth in cash and stock, typically diversify their holdings across multiple banks and brokerage accounts. This diversification strategy is employed for several reasons, including risk management, access to different services and expertise, and taking advantage of various financial products. Here’s a more detailed breakdown:
Banks
Primary Bank: They might have a primary bank for their main financial transactions and personal banking needs.
Secondary Banks: Additional banks may be used for diversification, international transactions, or specific services such as private banking and wealth management.
Brokerage Accounts
Major Brokerage Firms: They are likely to use several major brokerage firms to manage their investment portfolios. These firms provide access to a wide range of investment products, research, and advisory services.
Specialized Brokers: They might also use specialized brokers for particular asset classes or investment strategies, such as hedge funds, private equity, or venture capital.
Typical Number of Accounts
Banks: It is common for such individuals to have accounts with 3 to 5 different banks. This allows them to spread their cash holdings, benefit from different services, and reduce the risk associated with any single bank.
Brokerage Accounts: Similarly, they might maintain 3 to 7 brokerage accounts with different firms. This helps in diversifying their investment risk, accessing a broader range of financial products, and leveraging different expert advice.
Considerations
Risk Management: Spreading assets across multiple institutions reduces the risk of loss due to bank failures or financial crises affecting any single institution.
Service and Expertise: Different banks and brokers have varying strengths. For instance, some might be better at wealth management, others at investment banking, or providing international services.
Access to Financial Products: By using multiple institutions, they can access a wider array of financial products and investment opportunities.
Example
An individual with $100 million might structure their accounts as follows:
Cash: $20 million spread across 4 banks, with $5 million in each.
Stocks and Investments: $80 million spread across 5 brokerage accounts, with varying amounts depending on investment strategies and opportunities.
In summary, someone with a $100 million net worth typically diversifies their holdings across several banks and brokerage accounts to manage risk, access a variety of services, and take advantage of different financial products. This usually involves maintaining 3 to 5 bank accounts and 3 to 7 brokerage accounts.
Concerning banking assets, is it wise to have only three to five banks given the amount FDIC insures of 250k?
When managing significant wealth, the $250,000 FDIC insurance limit per depositor, per insured bank, for each account ownership category is an important consideration, but it is only one aspect of a broader risk management strategy. Here are key points to consider:
Diversification Beyond FDIC Insurance
Diversified Banking Relationships: While FDIC insurance is limited to $250,000, high-net-worth individuals often diversify their banking relationships across multiple institutions to mitigate risk. They might still keep significant balances at a few banks, but they do so with a clear understanding of the bank's stability and their overall risk exposure.
Bank Ratings and Stability: Wealthy individuals often choose banks that are highly rated and financially stable. They may look at bank ratings from agencies like Moody’s, S&P, and Fitch, as well as the bank’s own financial statements and reputation.
Private Banking Services: High-net-worth individuals typically have access to private banking services, which offer a different set of protections and benefits. These banks often provide more personalized services and more sophisticated risk management products.
Strategies to Mitigate Risk
Account Structuring: Using different ownership categories (e.g., individual accounts, joint accounts, trust accounts) can increase FDIC coverage within a single bank. For example, a couple can have $250,000 insured each for individual accounts and $500,000 for a joint account, totaling $1 million in FDIC coverage.
Sweep Accounts: Some banks offer sweep accounts that automatically transfer funds exceeding the FDIC insurance limit into other insured accounts or investment products, effectively spreading the risk.
Treasury Securities: Rather than keeping large cash balances in bank accounts, high-net-worth individuals may invest in U.S. Treasury securities, which are considered extremely safe and are backed by the full faith and credit of the U.S. government.
Practical Approach
Three to Five Banks: While having only three to five banks may seem risky from an FDIC insurance perspective, these banks are usually large, well-capitalized institutions with strong risk management practices. The relationship often includes not just cash deposits but a broader portfolio of assets and services, ensuring a more holistic approach to risk management.
Active Management: These individuals often work closely with financial advisors to actively manage their cash and investments, ensuring that their assets are not only safe but also optimally invested to meet their financial goals.
Example Breakdown
An individual with $100 million might structure their banking assets as follows:
Primary Bank 1: $10 million in various accounts and investment products, leveraging private banking services.
Primary Bank 2: $10 million similarly diversified.
Secondary Banks: $20 million spread across three other banks in various accounts, trusts, and investment products.
Treasury Securities and Other Investments: $60 million in diversified investment accounts, brokerage accounts, and direct investments in treasury securities and other low-risk financial instruments.
In summary, while FDIC insurance is a crucial factor, high-net-worth individuals typically employ a diversified and sophisticated approach to managing their banking assets, utilizing a mix of bank relationships, account structuring, and investment in safe securities to mitigate risk effectively.
No problem. Just trying to keep the facts front and center.
https://investorshub.advfn.com/uimage/uploads/2024/7/11/vtq[lScreenshot_2024-07-11_170809.png
Gone by Wednesday to the EM if they don't lift a finger to file after damn near 7 mos. Really, after 7 months you can't prepare an annual report??? They have no business being a public company. Good riddance.
https://www.otcmarkets.com/stock/RNVA/quote Here's the link in case BBB thinks you cooked that screen grab up yourself.
Anywhere else it would be obvious. But around here, you can't be too sure, right?
Elementary school bake sale pulls in more than this SHIT!!!!!!!! What's even sadder? The average trade size was about the price of a cupcake. And I might even be generous with the estimate, Who cares, you do the math.
What????? This is the stock market, dude. $258.00 traded today. I've seen bigger takes at an elementary school bake sale.
No cure for stupidity.
And with an average trade size of 118.00 bux. And these idiots want to be millionaires. LMFAO!!!
Ran out of Vodka.
So you're saying there's a chance...LLLOLOLOOLOLOLLLOLOLOLO.
You don't have to move to Canada to trade in the EM but the hurdles you need to clear in order to be approved to trade EM might not pencil well and it would probably be easier to move to Canada. LOL
Retail investors generally face significant barriers to trading in the Expert Market due to the high-risk nature of these securities and regulatory protections aimed at safeguarding less sophisticated investors. Access is typically restricted to those who meet stringent qualifications, such as accredited investor status, and even then, brokers may impose additional requirements.
To qualify as an accredited investor in the United States, individuals and entities must meet specific financial criteria established by the Securities and Exchange Commission (SEC). The requirements are as follows:
Individual Accredited Investor:
Income Test:
An individual must have an annual income exceeding $200,000 in each of the two most recent years or joint income with a spouse or spousal equivalent exceeding $300,000 for those years, with a reasonable expectation of the same income level in the current year.
Net Worth Test:
An individual must have a net worth over $1 million, either alone or together with a spouse or spousal equivalent, excluding the value of the person's primary residence.
Entity Accredited Investor:
Entities Meeting Asset Thresholds:
A bank, insurance company, registered investment company, business development company, or small business investment company.
An employee benefit plan, trust, charitable organization, corporation, or partnership with total assets exceeding $5 million, not formed specifically to acquire the securities offered.
Entities with Qualified Owners:
Any entity in which all the equity owners are accredited investors.
Knowledgeable Employees:
A director, executive officer, or general partner of the company selling the securities.
Recent Amendments and Additional Criteria:
Professional Certifications:
Individuals holding certain professional certifications, designations, or credentials designated by the SEC, such as Series 7, Series 65, and Series 82 licenses.
Knowledgeable Employees of Private Funds:
Knowledgeable employees of private funds, such as hedge funds or private equity funds, are also considered accredited investors.
These criteria are designed to ensure that accredited investors have the financial sophistication and ability to bear the risks of investing in unregistered securities.
LOL, good luck.
As of June 25, 2024, FOXO Technologies Inc.'s (FOXO) public float was 5.23 million shares. Other key data for FOXO stock at that time included: Market cap: $3.59 million, Shares outstanding: 13.37 million, and 52-week range: $0.22–$3.45.
Here is an equally import data point that should help you assess the financial wherewithal of investors trading this stock. The average trade size over the past several trading days subsequent to the announcement of the reverse acquisition of RNVA has been $132 per trade. Pretty small potatoes if you have any meaningful amount of money to put to work for you. If you have less than 500.00, then it is a perfect fit although extremely risky. If you have upwards of 100k, this stock is not for you. Look to SMCI, NVDA, AVGO, LRCX, ASML if you want to play the picks and shovel end of the AI trade with that kind of capital.
The stench of 9 Reverse Splits is strong with this one. And that's all I have to say about that. But when I am lying, stop me.
Money Hunt, this might help you to get a better understanding of the history and formation of FOXO and hopefully disabuse you of any notion that this company was ever a 100.00 company, a notion that you came up with whereby you failed to realize and take into account that there was a 1 for 10 reverse split shortly after it took a huge hit in the wake of a less than rosy earnings release.
Why is it that the harshest critics of a stock always produce the most reliable DD?
https://tech.mn/news/2022/03/03/foxo-technologies-plans-public-debut-with-spac-merger
https://www.startribune.com/foxo-technologies-minneapolis-warns-of-possible-bankruptcy-lays-off-employees-biotech-startup/600291974/?refresh=true
https://www.streetinsider.com/Corporate+News/FOXO+Tech+%28FOXO%29+Class+A+Common+Stock+to+Resume+Trading+in+Connection+with+1-for-10+Reverse+Stock+Split/22372009.html#:~:text=FOXO%20Technologies%20Inc.%20(NYSE%20American:%20FOXO)%20(%E2%80%9CFOXO%E2%80%9D,connection%20with%20a%201%2Dfor%2D10%20reverse%20stock%20split
I bet another RS is on the way to meet the minimum stock price to continue to maintain a listing on the NYSE:
Financial Standards Standard 1 Standard 2
Market Value of Public Float $3 million $15 million
Stockholders Equity $4 million $4 million
Minimum Price $3 $3
Operating History - 2 years
With the average player with 200.00 bux in his pocket??? Sure. The average trade will still be 200.00.
Not interested, You should do that calculation every day whereby you divided the total dollar volume by the number of trades. Both date points are readily available. The typical penny stock seems to be around 300.00 average trade size across the OTCBB. I've done the math and it is the main reason a player like me with over 1 million in trading assets avoids these plays like the plague. You just can't move that much paper without disturbing the price discovery mechanism and essentially making a market in your own trade. That's insane. I live in Vegas and play quite a bit of poker. There are the 5 dollar room and the high roller rooms. Rule of thumbs is you familiarize yourself with the max bet limits and set you expectations accordingly. The most I have seen anyone walking out of a 5 dollar room is a few thousand, That is the OTCBB, You want to walk out with 100k plus on average, you go to the high roller room. That means the bid board the nasdaq. There simply isn't enough liquidity in the OTCBB to absorb a big position like $100 or $200k on one trade. The only reasonable bet on the OTCBB dictates that you stay with the average trades size that you calculated otherwise you get stuck in junk that you cannot trade.
Good luck but as you can see, I have only had this position in NVDA since the 5/24/2024 and I am up already almost 40,000.00 plus another 4 or 5k on a married call, and short put up about 8k. 53k about a month. That's the way I roll.
This just in...
https://investorplace.com/2024/06/jefferies-just-raised-its-price-target-on-nvidia-nvda-stock/
Any analyst covering FOXO? LOL yeah right!
Whales? LOLO Average trades size in dollars over a quick snapshot, 42 bux. Piker trash not worthy of a trading account.
Indicator Price Size Time $Trade
T 0.2676 100 12:16:02 26.76
T 0.26805 100 12:16:02 26.81
T 0.26805 100 12:16:02 26.81
T 0.26765 100 12:16:02 26.77
T 0.26805 100 12:16:02 26.81
T 0.26765 100 12:16:01 26.77
T 0.2673 100 12:16:01 26.73
T 0.268 1055 12:16:01 282.74
T 0.2677 100 12:16:01 26.77
T 0.2673 100 12:16:01 26.73
T 0.2673 100 12:16:01 26.73
T 0.2672 135 12:16:01 36.07
T 0.2677 100 12:16:01 26.77
T 0.2673 100 12:16:01 26.73
T 0.2681 100 12:16:01 26.81
T 0.2681 100 12:16:01 26.81
T 0.2681 100 12:16:01 26.81
17 720.41
AVG 42.38
Thanks for the advice but I made the right call and doubled down on NVDA and put FOXO on my "Avoid list".
https://stocktwits.com/Victhestick/message/577621300
I will manage my position using options to protect my position.
You go you big whales LOL Average Trade size in dollars. 92.45.
https://www.nasdaq.com/articles/heres-what-you-need-know-about-tech-etf-xlks-shake
I'm you're whale and I wouldn't touch this little junk with the size of trades I am used to which is in the hundreds of thousands range.
Indicator Tick Price Size Time $Traded
A 0.2647 200 12:51:16 53
B 0.2591 600 12:51:16 155
A 0.2647 200 12:50:59 53
B 0.2591 600 12:50:59 155
A 0.2647 200 12:50:29 53
B 0.2591 600 12:50:29 155
T 0.2619 500 12:50:08 131
A 0.2647 200 12:49:59 53
B 0.2591 600 12:49:59 155
A 0.2647 200 12:49:59 53
B 0.2591 600 12:49:59 155
T 0.2591 940 12:50:01 244
T 0.2591 832 12:50:01 216
T 0.2645 100 12:50:01 26
T 0.2645 200 12:50:01 53
T 0.2645 100 12:50:01 26
T 0.2645 200 12:50:01 53
T 0.2645 100 12:50:01 26
T 0.2645 200 12:50:01 53
T 0.2645 100 12:50:01 26
T 0.2645 200 12:50:01 53
T 0.2645 100 12:50:01 26
T 0.2645 200 12:50:01 53
T 0.2645 200 12:50:01 53
T 0.2645 100 12:50:01 26
T 0.2645 800 12:50:01 212
A 0.2647 200 12:49:59 53
B 0.2591 600 12:49:59 155
T 0.2645 400 12:50:01 106
A 0.2647 200 12:49:59 53
B 0.2591 600 12:49:59 155
A 0.2647 200 12:49:29 53
B 0.2591 600 12:49:29 155
33 11,672 $3,051
Average 92.45
I bought NVDIA instead.
Inputs Analytics
Contracts 10 Cost (105,178.00)
Shares 1000 Premium 26,953.00
Open Date 22-May-24 Call Away 130,000.00
Exp Date 18-Dec-26
Days to Exp 940 Net Callaway/Max Gain 51,775.00
Underlying 105.18 Basis 78,225.00
Call Prem/Bid 26.95 Target Return 66.19%
Strike 130 Annualized 25.70%
25.63% Break Even per share 78.23
Downside Protection 25.63%
Notional Move per share 51.78
Actual Move per share 24.82
Gearing 2.09
Effective Gross Proceeds 156,953.00
Effective PPS @ callaway 156.95
This stock is trading like no one gives a damn about any sort of stock swap super terrific happy hour 8k profit enhancement reverse acquisition shell game.