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WeShield tweeted again with another #OPTI $OPTI. Odds are very good the deal has closed or will soon close.
IMO, the bottom's been set and it trades in this range until the acquisition in confirmed. Technicals are looking better right now, but penny traders are a fickle bunch. If something else catches their eye they'll sell and chase whatever it is. No matter and no mystery, there's always buyers waiting in the bushes bidding for their shares.
A/S increase is a plus, not a negative, IMO, and OPTI did a good job explaining why.
She came back and retested the ascending triangle break out the intraday. Loaded some myself on the retest.
That's the 2nd tweet they mentioned OPTI. I think for all intents and purposes the deal has closed.
WeShield just tweeted they nailed a 9M dollar deal with what looks like a government agency.
Just completed a 9 Million $ deal with @DLAMIL for level - 3 gowns. A big #thankyou to #DLA for their positive report $opti
— WeShield (@WeShieldUS) May 18, 2021
Most pink CEOs own majority control thru preferreds. Very few don't. If that makes anyone nervous, they should have no interest in pinks.
Pawson owns all the currently issued preferred shares.
Can you put a number on "shitload"?
Must be why India's Covid deaths remain at 4000+ per day. And that's only what PM Modi will allow to be reported. Could be, and probably is, many times more.
Hit my buy signal this morning.
Looking for a PR to explain the AS increase and its relation to WeShield acquisition.
It's all there. Statement of Operation is on page 18.
https://backend.otcmarkets.com/otcapi/company/financial-report/283247/content
Gonna see consolidation in this area until the WeShield tweet is confirmed. And it will be.
Unless he's the one writing them. In which case there's no cure.
Is 1st support gonna hold? Looks a little weak.
Has anyone been able to make sense of this as it appeared in yesterdays PR?
Nice trade. I suspect another little pop in the morning and then a retrace to 1st support. Be a tell all if it holds.
Sea of red in the markets today doesn't bode well for anything that trades. Surprised to see OPTI pop but it was likely manipulated to get daddy big bucks out with profit. Curious to see if they try the same tomorrow.
Do what the big boys do. Make a killing with them.
Markets can remain oversold for longer than investors can remain solvent. Happens all the time in the pinks.
Nice little tweet from WeShield.
Getting ready! @brettrosen325@deborahrachelb @optecintl @$opti pic.twitter.com/JxG2EY7WbD
— WeShield (@WeShieldUS) May 11, 2021
I'm just watching this ticker but $28M increase in 9 months revenue is hardly not delivering. What did he promise, a gazillion increase? LOL!
If the TA doesn't update the corrected OS by EOD, you might be right.
Don't expect to see them before Friday AMC.
Intraday charts are indicating a continued drop. Doesn't make sense considering what's in the pipeline, but nothing much in this market does.
" do your own DD "
Quite the hornets nest I stirred up here with my suggestion that the acq may in fact turn out to be a reverse merger. That will depend on what is negotiated between the two parties. They both agreed to sign an LOI. From what is known, that's all they have agreed to.
With all due respect I've seen more than one LOI for acq in the end turn out to be a reverse merger. In this case where the acq candidate appears to be a larger company, that is definitely a possibility. A speculative one? Yes, but everything to do with pinks is speculative.
This all could turn out to be much ado about nothing and nothing ever comes of it. So...
SHMN has a fairly clean balance sheet so I'm thinking this could amount to an acq/reverse merger with a much larger company (300+ products is a ton more than SHMN produces) that wants to go public cheap. If that's the case, it's 2 companies in the same business with like synergies that could have barnburner success in a healthcare market that's screaming for cheap generic drugs. JMO as always.
Something else I've noticed is that certain indicators show a lot of insider accumulation going on and that's always a good thing.
An acquisition LOI update. Then or shortly after. Or before. Or never. Or blow out earnings? Or record losses? That should cover all the bases. LOL!
A favorable Q1 report would do the trick. Expect to see it anytime.
Not a good day to be in the markets.
Wide BxA spread again.
Believe what you want, you can be wrong as much as you want.
OTC Markets doesn't do share structure updates. That is done by the TA and it's done the day after there is a SS change regardless the day. If there was dilution selling today the issuance would have happened yesterday and be updated today.
So where's the addendum? All that filing is the instruction sheet on how to file one. Why would anyone post that if they weren't looking to just pump the stock? It's an empty filing only of interest to the filer. What am I missing?
They're already in their 2nd qtr. Looking for updates on how the acquisition is progressing, just how far along things are.
Probably get another accumulation zone in the .01 area until the next PR update.
$SHMN Retested ascending triangle breakout. Not a problem. It's normal and healthy for the chart. No longer in overbought territory. It's all good.
Looks like she might have bottomed out. Buying volume coming in.