Maybe there were too many people trolling them and demanding that something finally happen

That $56M asset sale is almost twice as big as the market cap was at the close Las Friday.

The stock may well be a P.O.S., no argument there, but Patrick did not turn your $30K into $1300. YOU did.

Right - I consider it to be like selling risk in alphabet soup futures. I doubt the value of alphabet soup (whatever ticker) will go down 50% by January, and it might just appreciate.

Thanks. I did the buy-write on WSG only because of the extremely high option premium. I know nothing about WGS itself.

Anyone know anything about WSGWW?

I just did a buy-write on WSG (bought common at .49, sold the Jan 1.00 calls for .26 - seems like a really high premium for a call that is out of the money by 100%). Anyway, poked around a little and saw that WSG has WSGWW warrants expiring in 2026.

I think "supposedly" sums up the reason people are not scooping up shares. There is still a lot of doubt that MVNT is for real, in addition to the considerable uncertainty as to whether/when MVNT will elevate its profile.

Objectively, volume today is already twice the normal daily average. I would agree that this qualifies as unusual. As to what is behind the volume, your guess is as good as mine.

Moose - while I think there is little likelihood that the presence of this jet in the US signals interest in AUPH by Novartis, there is some precedent.

Back in the day (1984 - before the internet, when dinosaurs ruled the earth), there was an article (WSJ?) about how one astute investor made a windfall exactly this way.

T. Boone Pickens had offered $72 per share for Gulf Oil. After some bluster about wanting to stay independent, it became clear that Gulf was going to have to sell out, and the only question remaining was whether a better bid would emerge from a "White Knight". The investor was sitting in a plane at the Pittsburgh (Gulf HQ) airport and saw a SoCal (predecessor company to Chevron) corporate jet there on the tarmac. Taking a flier, the guy bought a bunch of GO call options and profited handsomely when SoCal offered $80 per share a couple days later.

So - while unlikely, it can happen.

I have both TDA and Schwab accounts. When I asked Schwab, they said there would be a “rolling “ cutover - not all accounts at once.

I have not received a cutover notice but I am not worried about it. It will come.

I agree - we are hoping for news before the ASM. That is very different from shorts having to cover by then. Even if we were SURE of news by ASM shorts could simply decide to ride it out and take their chances. They also can just buy calls as a hedge any time they want.

Thanks. I am waiting until the second tranche frees up and will go through the process at that point for both the first and second tranche of C shares.

Talk to the specific tax team at your broker. They may need to adjust your basis date(s) on the converted shares to match your original basis date(s). In general terms this is a stock dividend, and the general handling of those is that they do not constitute taxable events (which in turn means the dividend shares pick up the original holding period).

Godot

Did you actually have to PAY eTrade to take TMPS out of your account, or did they simply do a courtesy trade (no proceeds, no commission charged) for you? Schwab will usually do such a courtesy trade for me if I ask.

All of that said, I still hold TMPS in my account, though I will say I am getting very tired of looking at it.

L2 quotes are available for pinks - no problem.

Right - having been in the IT group supporting corporate finance departments, I can testify that changing the fiscal year is something that almost never happens and would almost never even be considered.

The only time I have seen it happen as an investor is when the business focus of a public company changes (through a reverse merger or a huge acquisition) AND the dominant on-going business is in an industry that has a fiscal year pretty common across the industry (this can happen in industries with strong annual revenue cycles) AND that is different from the fiscal year the company is already on.

I have seen this on occasion over the last 35 years but I can't recall a specific example.

No I don't but at this point it does not matter. APSI is the public company and whatever their fiscal year has been is the cycle they will report on.

Tradition can report on whatever cycle they want, or not at all, for all periods before becoming part of APSI. I can see no reason why they would expend the energy to report anything.

We might see some kind of "pro forma" numbers from APSI reflecting Tradition under the hood but I am not holding my breath.

The reason those companies are reporting audited financials in February, instead of March like APSI, is because they are on a different fiscal year.

There is zero chance of APSI reporting their annual audited financials a month early.

When you argue with yourself, do you win or lose?

Goes down hard and stays there a long time with brief flare-ups that make you buy more? :)

Dang, it is a lot like owning ALPP stock...

Ouch!

I don't think so, but I could be wrong.

Soon after you buy an "h"...

Oh God. Even bad financials sound a lot better than a "kale crunch: salad...:)

wow. nice trade!

ASKH is stuck in park, not neutral. Neutral implies there is an engine running somewhere.

It proves it was not dilution. It does not prove anything about MMs covering short positions. All that indicates is that the float has not changed.

8 days?

Agreed.

Whatever. The management team has more important things to do than chase naked shorts.

That would be true if SCLX was paying out a dividend of additional SCLX shares, but that is not the case here. SRNE is distributing ALREADY ISSUED SCLX shares out to shareholders. While this increases the tradable float, it does NOT increase the number of outstanding SCLX shares and therefore is not dilution!

If LWLG needed to raise money your point would be valid - but I don't think they need to do so in the near term.

I firmly believe that management should not focus on naked shorts.

I agree. LWLG should just execute.

If they get solid licensing deals or partnerships in place the market will take care of any short problem.

Your shares will be quoted at current market price just like any other SCLX shares. The IPO price is irrelevant.

If you really meant to ask "what basis price will be assigned to our SCLX dividend shares?" that would be a more nuanced question. It would depend on what price you bought SRNE at and how your broker splits the basis of that original SRNE position across your SRNE and SCLX shares.

What broker do you use? Schwab has not posted anything to my accounts yet.

As for cancelling orders, I am not surprised. Brokers often do this in the case of stock dividends. That makes more sense than uunilaterally adjusting your order price by 8%. You can easily resubmit the order and then they are sure your order reflects knowledge of the stock dividend.

This certainly reads like a "set the table" PR. Maybe the second promised development will be the "main course" (Dung did promise good food...).

Apparently the 5 or 6 of us here getting hot and bothered can move the needle...

The market rarely reacts immediately to "clean up the balance sheet" transactions.

However, I find them powerful when talking about shell companies or other acquisition candidates.

A prospective acquirer (or r/m partner - same thing) doesn't give a shit about how many shares are out. That is not their problem. However, they DO/WOULD care about any debts owed in cash, as those WOULD be their problem.

$1.55 and a free pizza?