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No I'm sure insides dumped if they even own shares. I've worked for many smaller med companies and usually those guys own virtually no shares and pay themselves +$500,000/year with the dilution proceeds.
Ya I did. I hate this drop, but I'm sure the panic sell will translate into a pop and chase. So I'm pretty confident it will jump back and maybe overshoot my original buy in price.
28M 10 day average with plenty over 50M. Ya it has to be running its course. Price has not been as flat as the past few days. That looks more like regular market volume. So I think today is the low low. Tomorrow could be the pop day. But who knows...
Diluted or not, that's a lot of action for 1 day...
Reported OS: 127M
Today's volume so far: 63M
DILUTION
THE OS MUST BE AROUND 500M OR MORE.
This will delist
How long do they have before they have to report the new OS publicly? Anyone know.
You are right. There is a new CEO. He needs fresh capital to turn things around. That's why he diluted the crap out of this stock about 2 weeks ago. They got the money they needed. No skin off his nose since new CEOs likely have very few shares of stock personally to be personally impacted by the dilution. In 4-7 months they'll RS. Maybe sooner. Whatever the regs say to maintain compliance. Either way, everyone in here now is riding this down. Some flippers will get lucky. I tried, but failed...
This dilution, it's gonna get delisted. Anyone who thinks otherwise is foolish. Or they'll have to RS. It will be a good bounce play for some of you but this POS fucked me over.
Done. I can't do any more.
What a piece of shit
This is getting ugly. Too much more and I'm just gonna cut my loses...
Is that news?
Tomorrow, up to no less than 0.20. Calling it...
I agree that a rebound is imminent
Actively at an all time low. Could make for one hell of a bounce. We've all seen it, unless you've been trading for a week. I think this will hit a gnarly run by mid week. I bet tomorrow jumps big time. Big dip days can be followed by rockets the next day when the dips are not based on a bad PR.
Wow
There's a lot of uncertainty here. And a lot of guessing. I bought shares last week at 0.20. Now it's down like 15%. I am really thinking the die hards here simply bought in with an average price higher than me.
And we all see dilution. All of us.
I know it could do a nice rebound, but if this shit keeps up the rebound will only favor those who average below 0.18.
Bullseye dude.
I hope so. Because this still just looks like endless dilution.
That's good news
That was fun wasn't it
Are news releases ever announced beforehand?
I hope you got out before the drop. Unless you shorted...
What?
I Hope this maintains through the weekend
Shares Outstanding: 128M
Today's Volume: 34M
Average 10 day Volume: +20M
BULLSHIT. THIS IS TEXTBOOK DILUTION.
Announced. Minutes ago.
What gives you that idea? Is that based on anything substantial or a hunch?
Based on what?
DUUUMMMPPPPPPP
It's a flipper...
Yesterday's pump
Today's dump
Got out too early. Made 55%.. Could have made +100%. Either way, hope you get out before the big pump-n-dump crash in the morning. Gonna look ugly right around 8:00...
50M vol and held 0.20. Am I missing something?
Yep. Don't you love it.
Ahh there she goes
She's waking up and stretching
Yep
Holding 0.19 like a wall
High volume. Almost at 52 week low. Just passed MACD = 0 for positive. RSI very low. I think this could pop. One of those nice +20% days any time.
I bought in and sold at 11%. Could have stayed longer for +25% but I saw that short seller storm coming. I thought it would happen same day, but I guess it happened the next day. Either way, in and out...