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I think we will see that in a near future week.
PTing?? What's that?
Thanks!
Maybe I'm wrong, but looks like
-- lack of eager sellers below .0011,
-- fairly disciplined trading after the thing got ahead of itself on herd mentality,
-- Bollinger bands very compressed
Set for a break up or down, and all things considered, more down does not make much sense at this point
Antonio84 -- absolutely, I agree with you. The 10 cents 10 months ago, before the large settlement was a done deal, would in result of dilution be worth at least .004-.005, but the progress and success of the company in that time would seem to warrant at least a penny. The outcome of the litigation was not known at the time those conversion deals were struck, at least it seems that way... I think half a cent or 1 cent is realistic in the near to intermediate term.
This was 10 cents 10 months ago before the outcome of litigation was known. IMHO it is foolish to wait for .0002 and .0003 again.
Sounds right, thanks. Just not sure exact OS now...
Why is that?
Seems very odd no one taking out the 11's.
How many shares would be 5% now?
Can't understand why my brokerage is showing EPS of over $80,000/share.
Even if from before the 2.1 billion share dilution, if there had been 100 million shares before, that would be equivalent to roughly $3800/ share post-dilution. How can their numbers be so far off, I wonder.
But it seems like earnings from the MSFT settlement alone, if no other earnings, would put the value at
.00225 -- more than twice what it's trading at.
Won't happen, but if it did, would take us above last week's .003's
We need to get to .0014
Agree.
Re: SFOR
Dear 9's,
I'm writing to tell you that Things Have Changed, and I'd really rather not see you again...
Signed,
The Future
This needs to get above .0014 to get some MOJO going
Well said, skydog526
RE: jack7377 -- Golly, I HOPE NOT!!!
"SFOR$$:"7come11,looking @ $.0005 by Friday.Downtrend has started.7-10 trading days from now we will be @ $.0003; this Puppy has already started to circle the drain.Watcha for a sudden drop."
I saw that .0012 flash briefly at my brokerage then disappear... Wondered about that. Nice!
Thanks! All things considered, it does seem the shares are undervalued by half at least, for the intermediate term. I make a Lot of mistakes, but I think the settlement will justify a running leap at a double top (.003+) with the activity as recently as 4/12. Even if wild behavior, dilution shock, or short sellers caused that.
However, if it does get back to .003, it might just keep floating upward like a helium balloon. TA is of limited value after a big event like conversion/dilution, but the litigation outcome has helped to counterbalance that. Past two days, there seem to be consensus settling in a narrow range, and I pray, we will see a break upward before too long.
The $$ volume buying in now is 10 times what it was when prices were 5-10% of this. Not saying there isn't a plot afloat for some privileged few to get shares even cheaper, but retail investors with nervous tics seem to have left the room. The settlement seems to have restored hope for much better days ahead...
Which oil stocks are up 5-10 times?
Yes, but how low does it go before the debt is converted. We've seen that game drive others below a penny!
Ok, could we see .03, Mr. Goh, since new financing is premised on pretense of the possibility shares would exceed 75 cents. Reestablish some credibility here, if you can.
April 13 financing deal was unknown to shareholders before 4/14 vote -- reads like a Ponzi scheme. New equity financing from new lambs to repay recent lender at 30% interest on top of principal plus 5% interest. Then they get shares at 49% discount to lowest traded price. But to create a pure illusion that anything has changed, they say the shares are convertible at EITHER the lowest of half a penny *** OR *** 75 cents!!! As if something magical could ever occur in this scenario before July 13 to cause the shares to become 75 cents. What a mind f**k these kind of crooked agreements are. Sickening.
Dbe1919 -- just now saw what happened and your message must be the explanation... Earnings today! Don't know how i missed that but have been learning the hard way never to rely on iHub for complete news. Please, can you tell me a better site to get news updates -- my brokerages mobile device does not have adequate news feed either.
This has been shocking breakdown in PRGN since the RS. More shares traded hands on each of 3 days since 4/5 than are supposed to exist as OS, more or less. Is this naked shorting, or dilution going on? Or insiders bailing? We're earnings soooo bad?
Okay, that's great -- so the company would realize some revenue from every download in this business model.
I see you speak your mind, Alan. Good.
Looks to me like they've been making plenty deals --
To give away shares for free.
Or .10, right?
Why not perhaps go to the Apple Store and try to find the products, then ask Mr. Kay to talk about the relationship a little.
It would be healthy if we churn sideways, between .0008 and .0012 for awhile,before rising further, IMHO.
Yes, long term I think it can get to 4 cents or more, but these days everyone seems to have the patience of a gnat. I was born in the wrong century, I think.
Maybe those were the last of their shares and they had walked up the prices to make a killing on the last 20-30% of their shares, but it got ugly when prices dropped below .002 on 4/13-4/15. And some things I've read on this board suggest there was some selling left. I'm not convince it won't double bottom at 6-7, because after all it was under .0002 for a long time, and last few days crash --today being an exception-- could prod some to protect their profits (those that got 1's and 2's)....
That's probably right, I hope so, but they seemed very dominant late last week.
Correction:
The debt holder got shares below
.000075 -- sorry for typo in my last.
They profit over 1200% selling at
.0007-.0009. I doubt their traders are rewarded for letting that kind of profit slip away, regardless of speculation about the company's future bright prospects.
Re: dranesthesia1 Post# 49135
The debt holder got shares essentially given to them at that price, below .00075 or thereabouts, and others were converted lower. So they make out like bandits selling tons of shares at .0007. That's a 10 bagger
The debt holder got shares essentially given to them at that price, below .00075 or thereabouts, and others were converted lower. So they make out like bandits selling tons of shares at .0007. That's a 10 bagger for them.
Not with a little over a million shares they are not. That is less than 1% of the float even Before the 2.1 billion share dilution!!!
WBCTrader -- thanks for clarification.
It had looked like Apple was doing things the right way. If they are infringing in any way otherwise I am not aware. The accusation would have to be very specific, and not assume that because Microsoft was ...
Whoa. It was a poster on this board who stated Apple was selling SFOR product (the post implied they had a deal with SFOR to distribute their product). It looked similar to how Amazon is selling them. I have no details other than what I saw in that post. Don't know post #. Hmmmm
.0012 will be important to overcome.
Just remember how many shares profit 1200% by selling at .0008 (who got shares below .000072, and even below that). They could short from .0012 to .0008, and have a very nice day doing that. They control so many shares now, they can easily play those games every day. I believe in the company, would just caution against chasing these very fast moves... That's a 25% loss, buying at .0012 and having it then dip to .0009. Caution warranted. I'd rather see 10% every 3 days progress, and let it take a month to double.
Yes, my question also...