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Waiting to see a post along the lines of ‘I just got off the phone with xxxxx, he assure me everything is going as planned. They are just waiting on sign off, which is expected next week...’
I thought so as well. But by talking it up, giving timelines, and then seeing this sell off... Questionable. He certainly seems to be in A loop, but it is most likely not the same loop as ours.
I don’t think someone is trying to hold it down. I think someone is trying to talk their way out of their position. Better to be lifted than keep hitting the bid.
Expect we will see some posters this afternoon claiming something along the line of ‘ I just got off the phone with Armen, next week....’ as they sell their position
To be fair, the confusion is coming from one poster. I think many people bought in, or are relying on the estimated outcome, purely based on them. Possibly if they weren’t posting so much about what they think will happen, and the short time line, we wouldn’t see the volatility. It leads to these sell-offs, that will limit any upside.
Given the chaos in America, I think we could see a rotation here. Trump can’t have police at the voting stations. However, nothing could stop him clearing the streets and issuing contracts to detain protestors ahead of the election. If you think Trump’s a tyrant, this is where the Robinhood crowd should put their money.
500,000 shares bid at 54, that’s some decent size
Once I sort out my Thai Elite, I would love to have a chat in Koh Samui. Outside of Japan’s view of foreign residents, Tokyo has too much concrete for it’s developing SEA climate.
Let’s manage our expeditions, shall we?
Strong hands~
Good on you. I wish I had that kind of size. I was just bid sitting and piecing it together. I think this really moves September/October.
I’m at 455k shares. Less than some, more than most. None of us are selling anytime soon.
I agree with you. I closed out my position, after holding a couple months. I dialed into the cc a few minutes late, but since I didn’t hear it discussed in the q&a, decided to just take what I had. It was my first trade in the oil space. While the price of crude will recover eventually, its seems all these companies have too much debt to reward equity holders.
What visa are you using? I’m too young for retirement, so looking at the Elite. Seems to be the most cost effective in terms of potential headaches.
Looking for a quiet month with RXMD. Then I think we ramp up towards the end of September.
I think the institutions that wanted out, sold their positions awhile ago. I do agree that reverse splits can have a negative impact, but in this case the price will be high enough to bring back in the institutions. The shorts have been pounding this relentlessly. Hopefully the rally in crude, as well as this morning’s conference call, will give some reason to squeeze the shorts.
After all, the share price already qualified to maintain it’s listing status, so I’m not sure why they would go ahead with the reverse, unless there was some kind of kicker.
Let alone the oil prices they could have locked in over the last few months.
The price action feels like the shorts are continuing to pummel cpe against better judgment. With commodities rallying, and crude holding flat, we only need one of them to blink. Then, they’ll all run for the exits, while this flys.
Makes sense. Only has two days until it officially maintains NYSE listing with a massive roughly 30% outstanding short position. This has potential to explode!
Unfortunately no. It seems that iHub is really only good for spivy fast money thy looks at penny stocks. Best to look at twitter for opinions on $ag.
Bids coming in
A long time coming!
Clay trader..
Chinese buying rxair purifiers?
Maybe Chinese cash~
Does anyone know how long the share price has to hold $1 in order to rescind the breach notice? I checked the NYSE and it doesn’t mention. 10 days, 30 days? It just talks about the breach being under $1 for 30 days, but not the remedy. Thanks
The company blocked me on Twitter after I asked about the dilution, so I couldn’t tell you.
All good. Just clarifying in case some trash starts looking through this board. Don’t want to ruing the run~
Yes, they swapped it. The company already accounted it. Now the employee is holding stock shares, so they need to report that on their income tax.
Not at all. They ‘D’ disposed the RSU, and ‘A’ acquired the shares.
They are attaining shares from a prior bonus. At some point in the past they were given RSUs. Restricted Stock Units. When initially awarded, the employee has to hold them for a certain amount of time (usually years) before they become shares. It’s essentially a comp deferment from the companies perspective, and incentives the employee to stay as they are given at a discount to the share price. These must have been awarded a few years ago, and are converting into shares now. It’s not dilutive to the company, as the shares where issues when the RSUs were awarded.
Massive short position getting nervous as we inch to $1 negating the need for a reverse split. Also the cancellation of the bond conversion last week kept us on better terms. Add to that the pending OPEC cut and rally in oil, perfect headwind.
I don’t think it will. The reverse split wouldn’t happen till some time in October. But if share price gets above $1 for 30 days, that’s off even if it’s approved. Then, if it falls below again, it would have another 6 months from there. This has been heavily shorted, but funds also don’t want a reverse split. So it can really pop after getting close to $1. The short covering will explode this.
Dilution machine
Anyone know what it’s pinned at that level? covert strike?
It’s isn’t until June, and the earliest it would take effect is October. Has until then to get to $1. A massive amount of calls were bought at k=$1 for July.
This. I feel this. Capping my silver pnl.
What do you mean by ‘code words’. That sound like some Cold War era spy craft~
Everyone wants to be a brand. I saw one of his videos, 20 seconds of talking about a chart, 1:30 seconds of selling himself.
First time I’ve seen a potential reverse at such a tight level. With the 6month extension, that means any June vote won’t actually be actionable until September or October, correct? So even if it’s approved in June, it may not be executed.
First time I’ve seen a potential reverse at such a tight level. With the 6month extension, that means any June vote won’t actually be actionable until September or October, correct? So even if it’s approved in June, it may not be executed.
Hardly even mentioned on Twitter. Goes to show you this isn’t ‘hot’ money. It’s institutional.