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When something i'm buying more of gets cheaper it makes me happy.
All the best,
Knife
They have terminated that relationship already.
$ABQQ has decided not to pursue the collaboration with Metatron Apps as previously planned. Instead, the company has opted to move forward with an other company. This strategic decision reflects ABQQ's commitment to exploring alternative opportunities that align more closely with…
— ABQQ (@ABIntlGroup) March 3, 2024
Same.
All the best,
Knife
We can't control what other people do, just take advantage of their mistakes.
All the best,
Knife
Not sure if this is what you are looking for. From the last 10Q.
Got in on this mornings dip, quite the gift.
All the best,
Knife
MRNJ has been basically a no bid stock for six months or so, nothing new...
Write the company and tell them that...
Knife
It wouldn't surprise me to see additional form 4 purchases in the near future.
I am e-mailing the company with my concerns about the LOI with MRNJ. If enough people do this they will likely respond.
I have nearly reached my target holdings for ABQQ, the price drop has been helpful.
All the best,
Knife
Quietly absorbing shares while researching other plays. There will be plenty to talk about here soon enough.
All the best,
Knife
They recently X'd out that they had sold their previous AI initiative for $1m yet retain access to use it. It looks like they hired someone else to work on the streaming project now. I don't see much more to it than that.
Factual input welcome, no overhyped speculation please.
The PR has now updated on ABQQ's OTC news as well.
All the best,
Knife
You will notice the PR was from MRNJ involving ABQQ, not released by ABQQ.
Knife
Excellent, thanks for posting.
All the best,
Knife
Yes, notice I linked a Weekly chart.
Knife
Thanks for the link.
Its doing very much what I expected it to, but I am looking at a bigger picture than most.
https://schrts.co/cmSEUfMh
All the best,
Knife
.002 is about to break, .0021 currently has only one MM on it and could fall in short order as well.
Time will tell,
Knife
As traders and investors slowly figure out how well ABQQ is doing, the accumulation will be significant and obvious. If the company continues to buy back and retire (cancel) shares it will be that much better for those of us that got in early. I don't bother making long term price predictions, that's a fools game IMO. However, I expect some large upward price spikes this year, its certainly going to be fun ride.
All the best,
Knife
I would like to see the math on your estimate, how did you come up with that number?
All the best,
Knife
If I was using a Line chart instead of Candlestick I would have read it at .003 as well. As much as I am a fan of precision, I try to keep in mind that there is typically a "range" associated with charting. Support, Resistance and Targets are rarely exact, but generally close enough to make good decisions with.
All the best,
Knife
Their revenues are primarily derived from Copyright and Licensing fees. Since no physical products are being sold (other than movie snacks) there is no cost of goods sold to calculate Gross Margins with. It is essentially 100% Gross Margins on Revenues although there may be an increase in SG&A expenditures associated with the revenue growth.
All the best,
Knife
Making price predictions on chatboards tends to only garner abuse from the board. Even if the predictions are relatively accurate there are always some that will attempt to nitpick and criticise anyway, it's what they do. With that being said I will throw in my opinion anyway. Take it however you wish, it's easy enough to use the ignore feature.
Using a two year weekly chart - https://schrts.co/GbejnxzU
Using the Cup and Handle formation for the prediction - https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:cup_with_handle_continuation
Generally the price prediction from a Cup and Handle formation is based on the difference between the breakout point (right side of cup), in this case .0035 and the bottom of the cup which I see as .0003. The difference is .0032 which you would add to the breakout point, giving a target of .0067. Will this be exact? Of course not, it is just a general guideline. There is a reasonable amount of chart congestion between roughly .005 and .008 and the target lies in the middle of it, only time will tell where it actually peaks.
Considering the current share price is .0017, do you really want to wait until .0035 breaks to initiate a position? Unlikely. That is alot of return you would miss just waiting for the Cup and Handle breakout. But, considering the Handle is basically a Flag pattern, you can use its breakout as a signal of the larger pending move. https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:flag_pennant_continuation
I will zoom in to a one year Weekly chart for a better view. https://schrts.co/KIcjQSnU
Drawing a resistance line down the peaks put's it at rougly .0023, I use the Think or Swim platform for more accurate drawings myself. Considering last weeks candle high was .0022 it is currently a reasonable number to use as a Flag breakout point.
When it comes to Volume, IMO a breakout would be indicated by exceeding 354mm in weekly volume, which is the highest of the calendar year so far.
All the best,
Knife
Textbook Flag pattern on the Weekly chart, excellent loading zone.
https://schrts.co/vcuhPkCN
Thanks for the shares,
Knife
Bid at .0011 is solid and the Ask is fading. It won't take too much to break resistance at .0013, should pop nicely when it does.
All the best,
Knife
Agreed, Q3 revenues were only $258k so a single order that nearly equates to all of Q3 is a big step forward.
All the best,
Knife
Congratulations, good grab for those with patience.
Knife
I was expecting a retracement towards the 20wma but thought .0014 would hold. With the size of the dump it is not surprising though. I will likely grab a few more shares down here.
https://schrts.co/tVMqStKR
All the best,
Knife
The A/S is 10b....O/S is 2,567,226,432..
And it was 235m retired not 235k..... understanding numbers matters in the markets..
The weekly chart set up is excellent, nice accumulation range.
https://schrts.co/ApuBKTSQ
All the best,
Knife
At least there is finally some volume, lol.
More or less likely than the recent failed .0013-14 call?
Just sitting back enjoying the ride.
All the best,
Knife
Solid week, nice move on stronger volume.
https://schrts.co/vYAzwKGd
All the best,
Knife
Pretty funny considering your last post...
So in about 30 months we will have a problem, get back with me then...
A search on the shelf life of Levetiracetam tablets shows it generally listed at 36 months. Not exactly an urgent issue.
Knife
It sounds like you are playing the "scared long" role on the board. "I have a ton of shares but am always negative".
Yes, updates will get it going but I prefer that they wait until there is something material to say, no fluff.
I have a long term vision for SHMN and am in no hurry.
https://schrts.co/aTtMpVdm
All the best,
Knife
More volume would be nice, but the Ask is almost non-existent.
All the best,
Knife
Nice to have the quarterly finally posted, tiny profit is good to see, listing will update soon. As usual I wish they would pay better attention to detail. Total assets is incorrect, should be $10,578,870 :(
However, subtract total liabilities of $1,997,104 and the debt free valuation would be $8,581,766. The Market Capitalization based upon today's share price comes in just under $2m. Worth holding onto based on valuation IMO, opinions may vary.
All the best,
Knife