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Hmm, looks like .80 won't hold either. Just watching for now and looking for convincing support.
My terminology is correct. Failed support becomes resistance.
$HTBX Retesting now $1 resistance. If resistance holds, goes lower.
$HTBX should hold above a dollar. If not, could retest yesterday's lows.
Congressional negotiators reach deal on roughly $8 billion in emergency coronavirus funds ......https://www.washingtonpost.com/
With $HTBX getting publicity a good chunk of this money will likely find it's way to $$$$HTBX$$$$.
Nice turnaround. News helps.
Right now I'm watching the 8 period MA on the five minute waiting for it to show strength and stay above the 8 MA. Also way oversold.
Got 2 gaps to possibly fill. The gap up is a breakaway gap, which seldom fill. Today's down gap has a better chance of filling.
Play the chart.
High volume panic selling at the open. Good chance to reload. Target .95
A little consolidation after a 300% bounce isn't much to worry about.
At the most, never. At the least, not for a year, based on the last one.
Nice that they brought it down for reloads.
No bid ask started at around 400M. Now down to less than 150M. Toxic lenders stopped showing all they have for sale or....
$HTBX should have a multi-day runner here. Could get an FDA fast track easily.
Another 50M to dump. The number gets higher has the price drops lower.
It could happen. Why would anyone buy a ticker that will go to no bid and have to RS because it's in the contract they signed with the toxic lenders?
Got an answer?
If it happens hospitals won't be the only ones looking for disinfection services.
U.S. coronavirus outbreak inevitable, CDC official says
“Ultimately, we will see community spread in this country."
I hope she's wrong, but chances are she's not.
https://www.politico.com/news/2020/02/25/us-coronavirus-outbreak-inevitable-cdc-117389
Let's be honest here. They are toxic debt conversions and the ave means that it is the minus commissions average price. IWO, the 37M shares sold @ .00039are the total of shares sold earlier today @.0004. by the MM handling the order for the toxic converter.
Look at the bright side. OS increased 46M on Friday and the .0004 bid holds.
SIML fundamentals no. Technicals yes. Every stock that trades has technicals, good or bad.
When you hold all the cards, it's easy to be picky. Acela is holding all the cards.
Again, they release and layout their plan in detail to get the acq done, very little dilution and no threat of an RS is probable. The TD holders will get a running stock with happy buyers to convert into and make easy money.
Someone keeps buying and technicals keep improving.
That was my spec based on experience. Private companies looking to go public thru RM want a clean balance sheet to pair up with. There's still a lot of dirt on CDIX's.
If they would come out and say just what Acela wants to complete the merger/acq and lay out the plan to meet those wants, retail would gladly absorb the dilution at higher than current price. Staying mum on the matter doesn't exactly instill confidence.
All positive news. She's gonna break .016 very soon and then higher from there.
It was the MM clearing the books on sales of toxic conversions made earlier in the day and shows the average price received, hence the ave notation. They like to wait until the bid is close to their ave so it looks like a buy. They're sneaky that way and will do it when they can.
A little more dilution everyday. Sometimes a lot more.
Wonder how much toxic debt is left to convert. 9/30/20 they had $650 K of it left. They've converted about 375M shares @ 60% discount to average price since then, or about @ .00093, which figures to about $350K converted leaving $300K left to convert. Worst case it converts @ .00006, and 5B more shares. Best case @ .00018 and 1.6B more shares. Won't know until next report how much debt they've taken on since the last one.
Looks pretty dire no matter how you look at it if the Acela deal doesn't close.
I have so little at risk with this play, there's no reason to count. The only plus is the current story is one of the best out there and worth putting a little at risk on.
They all are until proven otherwise. Nothing new there.
Don't have to wait that long.
https://ih.advfn.com/stock-market/USOTC/cardiff-lexington-pk-CDIX/trades
Nope, dilution now. 26M total.
Amarada and Jefferson St are the toxic lenders with current notes coming due. Not defending their tactics but no one ever twists arms to get CEO's to take on notes with them, or any other toxic diluters for that matter, It's just the only funding available to zero asset/revenue pennies. Once the dotted line is signed, the ball's in the lenders court. Sometimes it works out, most times it doesn't. That's why they end up as no bid lotto plays.
The regulators only review the paperwork. They can slow down the process, but if the everything is in legal form, they won't stop it. That's what happened with SimL They filed 1/1500 RS DEF on 11/14/17 but the D symbol add didn't happen until 10/19/18 and regular trading not till 11/15/18. That's a full year from DEF to trading allowed.
CDIX is also a chronic RS'er so look for it to take at least a year for it to happen if/when they file for another one. A lot can happen in a year.
Either way I will play it safe and not add till the Acela deal closes and I know what the future holds.
Acquisitions and dilution always come hand in hand. All sources indicate the Acela deal is still on and will eventually happen.
To put the importance of the Acela acq in perspective, good quality hemp bio-mass sells for between $300 and $500 per pound. A 1 gallon freezer bag will hold about 1 pound of bio-mass.
1 pound of hemp bio-mass will yield about 15-20% CBD oil, or 67,500 milligrams, that sells for 4-6 cents per mg retail. In my experience, a good size hemp plant will yield 3-4 pounds of bio-mass. 1 acre produces about 1700 plants.
Do the math.
I agree. With the coronavirus outbreak getting worse everyday PCTL should be climbing not falling.
Anyone that puts money into this or any other sub penny with a long RS history should do so with that in mind and should never look to blame others for their decisions that didn't work out the way they hoped.
Chart em and trade em. Nothing else matters. Nothing else is so obvious.
Why do you care?