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Jack7377 -- This sounds like wisdom and experience, as well as a gift for language.
However, i'm not as convinced we go lower than 7,6, or maybe a few 5's, because a lot of 7's could not get filled on a Friday afternoon, after 75-80% losses the few days prior. Very narrow range candle, which might mean the hemorrhaging has stopped. Maybe some sideways trading until some semblance of trust is rebuilt. SFOR has become too much a play-thing of traders. Now we need to see new evidence that this is investable: response to the resolution of litigation was "underwhelming", 10-K didn't help, and talk of further litigation only makes people cringe and resolve not to put their money in lawyer's pockets.
Surely SFOR deserves a premium above the March levels, given relative success of Msft litigation? I would hope the 6's were MM's exploiting "sell at market" orders, and Friday doldrums, and that 7's form a base for appreciation.
Any favorites right now?
Well, the gloom and doom was so much emphasized, and yet 46 million shares are bought at half price, I am reminded of the story of the fox who waited at the river's edge to help the chicken cross.
We've heard he sky is falling. Okay, so what the H is he going to DO about it?!?
OS 2.1 billion, yet 3.1 billion shares traded in past 10 days. Think about that, too.
Doesn't look like it. Looks like somebody cut a deal to get 40 million shares or about 1000% usual volume, at half price. Did this come out of the conference / sales presentation in Texas? Because the lousy numbers were pretty much priced in at .0025, it seemed...
WHAT?!?
Okay, so we have a diversity of takes on what the next stimulus is, and some highly intelligent investors here. Bodes well.
Myself, I don't think recovering .002 is unrealistic, and soon -- and how many quick doublers are there out there, really?
SFT Truth -- so do you think it will revisit .0001 or .0002?
50,000 additional orders at $20 (??? -- I don't know the product price) is all they would need to overcome that negative cash flow
Bafqb7 -- why do you think it will go that low again?
Dranesthia1 -- please explain, I don't follow what you said. I saw a long period this was at .0001-.0002, and today's action only made sense to me if buyers at those levels set stops to protect 1000% profits in case of unknown reaction to 10Q.
Poor CEO, must feel as if everyone thinks the company has leprosy today
I think it comes back eventually
Read again, I referenced someone else's number of 2.4 not 24.
Point was, if 40% of OS can change hands in a single day, 1) something really really weird is going on, and if not, then the OS is manageable in terms of supply/demand.
I just find it hard to believe that over 955 hundred million shares changed hands, almost 1 billion shares, traded today. I guess if many of those were shares bought at .0001, it makes sense to protect 1000% profits and set a sell stop at .001. I cannot imagine how else this little fiasco happened...
I don't know why anyone would panic at OS 2.4 billion, since literally 40% that amount changed Hands in a single day today. Over 955 million shares were bought. If that was short covering, I would love to know how on earth they could access hundreds of millions of shares in a single day. Hard to believe so many shares really existed to be sold and bought in one day...
Please, can anyone tell me, why and how 63% loss on the 10-K? For example, was everything since .0002 pure speculation on a larger settlement than was realized?
Secondly, how can there be a trade at 4:35 pm for 52K shares, since I understood this did not trade after hours. Does it trade somewhere afterhours?
And the 25 million reported at 4 at .0012?
Having trouble reconciling this w/ so many shares dumped at .0007 today!
What HAPPENED?! Are we CODE BLUE?
Could not see trade size or time on the .0027.
.58 in after-hours, albeit small trades
Above $2 I think??
Forgive me, but I do not perceive Paragon Shipping as boring at all: shocking that it fell below 1.90 post R/S, but now at .46-.60, I think it is coiled to spring. JMO
Anyone see the 21+ Million purchase logged at 1603 h???
Either it got ahead of itself, or, it is under accumulation by 800-lb. Gorillas
That is most days with ASTI...
Thank you very much.
Is the conflict with Microsoft all behind them now?
How confident are you it will reach .02?
Isn't that what they use to say about GM?
Recent 8-k would seem to create a resistance around .03, unless it is pure propaganda. There is no compulsion to exercise warrants.
Someone NEW!
Of course. Today, however, you cannot give them away for .06.
Thought I had seen long delays in other stocks, but I could be mistaken...
Any shorts are swimming in shark infested waters, IMHO...
Unknowable at present, I guess, but 2 directors resigned, and will not be replaced; board is now reduced from 6 to 4, with 3 "independent" directors. Purely conjecture, but maybe the 2 directors who resigned are selling their shares so as to make a complete separation from the company. How can one know who is selling except long after the fact, if/when a form 4 comes out? Maybe the company is selling some shares to retire the directors. Whatever the reason, I bet that it is time-limited.
This company is closely held, low float. Means big moves can happen fast.
$2 is what I predict
But they also did a RS to stay on a major exchange, and they have a relatively low float. some vessels were disposed of, and newer ones coming online. I don't therefore think they will let it languish below $1 indefinitely. This should recover above $2 IMHO.
Agree.
On the bright side, someone was ready to sink $60,000 into this in the space of 20 minutes...
I read it again, it says option to buy at .06. So that will be the roost the homing pigeon repeatedly returns to until those are all converted.
cheche770, any idea when the conversions pause??