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I keep nibbling down here. Hope to accumulate a few more before this takes off.
Classy response. Your the best stevc. Thank you for you DD.
Now that the 30's support is gone, this could drop fast. May get in .000's territory. Just plain sucks.
OK, thx.
Who put out the press release about the merger? From the Pre-14c filed yesterday, it contains the following:
Merger or Consolidation
The increase in the authorized shares is not related to any intent on behalf of the Company to engage in a merger or consolidation and the Company does not have any plans or proposals nor has it engaged in any discussions to engage in a merger or consolidation. (bold is my emphasis)
Just trying to understand if there is a spinoff company coming in or not.
"Under applicable federal securities laws, the Amendment cannot be effected until at least 20 calendar days following the date a Definitive Information
Statement has been provided to our stockholders. A Definitive Information Statement cannot be furnished to our stockholders until ten days after the filing of a
Preliminary Information Statement with the Securities and Exchange Commission, and as such the Amendment will become effective no sooner than November 2, 2020"
There is at least one month before the split will happen.
A reverse split would only affect the OS count and there is no possible way they could sell a trillion shares, even at .0001. It would take a thousand trading days of selling 1,000,000,000 shares a day, every day. They would be extremely hard pressed to get to 20 billion os, traders would give up long before reaching that. Why put out a filing with such outrageous numbers like that knowing the panic it will create if their goal is to dilute the $hit out of this. They already have a 20 billion AS which is plenty of room to dilute up to and then reverse split. They could have diluted their way up to that trying to hide it from investors as long as possible, then after that raise it 50 billion for instance. But 1 trillion is just too crazy to be taken seriously. Something here just does not make sense.
Never seen an OTC company provide such great monthly updates. No fluff, just the facts.
OPT$ just went to .19 and it has a larger outstanding share count. I think this can do the same.
There are a few flippers that buy several million at the bottom and unload quickly with any rise. They never give this a chance to get any legs under it. Our only salvation here will be news of approval and distribution of the mask, then some 150+ mil volume days.
My guess, they will have to do like they did last time and lower the PPS and raise the share amount. Really sucks!
Wonder how low this is going to go? Not looking great here. We need a substantial update as to what is happening with the company.
Might be a good idea. I am still cautiously optimistic. I keep nibbling at these low prices. Picked up another 100g. Getting close to a million. Hope I am making a good choice here.
Looks like someone got sick of holding and did around a 1.7 mil market sell.
You always have top notch DD. Thank you. BTW please watch this video, I am sure you will find it interesting. https://www.instagram.com/tv/CARquUrABsP/
If some of the traders here who loaded at .006 could just hold off selling every time this pops a little, we could maybe get some momentum here. A 100mil vol day would really get this into orbit.
Quote
"but, hey, it's better than a toxic note, right?"
It sure is. The people buying at .005 want to make a profit. Most will sell much higher in the multiple cents and will be mindful of the share price plus we know the floor of this stock. Whereas a toxic note holder usually gets the shares at a much lower price and will sell with no regards to the share price.
Just remember the nature of this "start up". It has to do with a medical device that has to go through the arduous process from concept to final FDA approvals. Ultimately they don't have anything without the final approval to market it so everything now hinges on that. We should be in the final stages.
Some "traders" here keep bringing up the fact of the share structure will soon to be 5x's what it is now after the shares hit the market. Even if that becomes so, I was in a stock that had over a billion shares and ran from .0006 to around .16 last year. At the current pps we are at, even at 700 mil os, this would be a good buy for a stock with an FDA approved medical device.
You know that the mask is and has been done for some time. They are waiting on FDA approval which can in some cases take years to get. It is out of their hands and can do nothing with it until approval comes.
Again, cut the crap with this statement "1 horrible mask that is unique to the industry. It won't sell." You have not tried their mask and you certainly don't know if they will sell or not. If you come back with figures on "similar designed masks" and show me zero sales for the year, then you have an argument, otherwise stick to reality.
So your saying that the shares have already been purchased at .005 and are hitting the market as we speak? Really?
Sorry to sound stupid, but what does this form mean that was filed today?
Just curious, what about the massive dilution and reverse split you were constantly talking about not that many days ago?
THANK YOU very much. Just need to be patient here.
AR, you have talked to Tom in the past and have developed at least a little relationship with him. Would you consider calling him again and trying to get a feel on if he will do an update soon. I know he can't and wont give insider info, not looking for that. Just check in to see if the lights are on yet.
What is so "out of whack" with the numbers? Please elaborate.
Guess we know where the new floor is now. I am sure the people buying the shares at .005 want to make a profit and wont sell below that.
People just cant resist selling here every time we get the slightest upswing. We need to get to traction here and start building the price here.
We will be good here, I advise not listening to "that" poster. I am sure people like that are paid to twist the truth in such a way to cause harm to others. They will reap what they sow someday.
Do we know if that message was even real. It was on someones phone, may have been made up. Wouldn't put is past people these days. The selling here is just all the people that bought getting back out plus a few holders here. Not worried, when the right time comes, it will fly.
Even if it is, that's 13 days away, how does it affect us now?
I know that you have completely changed your opinion here and respect that. It just sucks that it is there. I was just hoping it could be removed since it is not the truth.
Glad your happy now. With respect, you may want to take that stickied post of yours down now that was nothing more than your mislead opinion on what was going on at that time. We now know that dilution was not happening. Thanks.
LOL, tell that one to the pharm companies with insulin, cancer drugs, ect.
Some people think vaccines are the best treatment for a virus but it is actually quarantine that works best, that is where test kits come in because you need to know who has the confirmed virus and then be able to contact everyone they have been in contact with. Time is of the essence in these cases. Rapid test kits is what we need.
People trying to scare others with the $1.15 offering discount. We were at .34 just a couple days ago. There is enough premarket volume alone to absorb the shares several times over.
From news "today announced that it has entered into a definitive agreement with a single healthcare dedicated institutional investor for the purchase and sale of 7,826,087 shares"
With the volume here, that's nothing. If people won't panic, that will be absorbed in 10 minutes.
I just sent an email myself asking also for an update on twitter. He used to reply to me, but the last reply I received was Feb 10th. Maybe if several investors email him, that might add some motivation.
CDEL has backed off a little, maybe they are done selling?