typically like to find em BEFORE they run
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Awesome, same here, gonna be a bigg'n
.0002 x .0003 could be big from here, will be interesting to see what happens
It easily could.... You can count me in now as one who thinks the company is being a little cruel by not putting news out at this point though!! Still looks like on a next leg up it will likely go to new highs on less volume and less resistance though. doesn't necessarily look bad, just really testing everyone's patience
There is a lot to like here, low market cap, good share structure, low debt, highly speculative telehealth medical device field, so rather than try to predict when exactly a noteholder will convert or when the company will release big news, I wouldnt want to risk missing it so I will be here holding.
Having said that, I do think they need to start releasing news regularly again like they historically have.. but I think the opportunity here is too good to pass up
Waaaait a second show me proof that Werbe was near dead on... Show me an old Werbe message that is proven near dead on.. I'm not believing it lol!
So with $214k at March 31, $55k subsequent, = $159k, 3 notes at $38k each aren't convertible till at least July, leaving possibly $45k eligible now..
If the bid was .003 for the lowest 3 closing bid for ten days, they'd get shares around .002, which would mean 22.5 million shares.. Still not very much, and if the pps stays higher then it's significantly less shares yet...
Looks good going into next week!! My shares are forever old... Over a year
I stacked .0038 for 700k. Stacked earlier and got 25k filled haha
NT-10Q filed so there's one answer haha. Guessing next week now..
It would be nice to know about the roll out of the BioDatix but I assume that will be the basis of any PR. So that is baked into asking how long till regular updates/PRs. They used to do regular PRs a lot in recent years so I've been assuming we are waiting on some key event related to BioDatix roll out and that is why the current silence.
I would ask if the 10Q will be filed today, to reaffirm that an increase of the authorized shares won't be needed in the foreseeable future, and how close are we to regular news/PR
10Q does look pretty good here.... whether or not the stock will budge is another story though
RSI down to 50.62 :)
If I were a market maker, and some idiot was floating around with 3 million shares to panic sell, I'd pull my bids too. Get the dumbass's shares cheap
Some emotional traders and weak hands here still need to be shaken out.... This is a good thing overall
10Q is due Wednesday, and will be next week if they file an extension... I think if this trades sideways a bit longer that it’ll break to penny land without even any news because their product is significant enough ....
I stacked the bid at .005 earlier with no fills, if it keeps hanging around here I’ll be adding for sure before it takes off..
Really liking seeing that RSI down near 50....
I threw 600k on bid at .0055, partial fill already... This is an all day buy, buy if it goes up, buy if it goes down, buy buy buy IGMB haha
Might finally get that audit soon and this might finally get exciting!!! I must commend management for making that their main focus until completion. It is the most important thing for them to do to pave the way for long term value
Huuhhh this is looking great the RSI needs to keep cooling down
Nice, this seems like one of those rare potentially market disrupting type opportunities here where the sky is the limit!!! I first bought last year at .011 and sold for a small profit after seeing the convertible notes that were coming due.. seemed like it took forever for them to start selling, like they'd convert and just hold their shares. Always figured this one was special. Then I bought .005 down to .002 and back to .005... Definitely a buy and hold
I think knowing they are almost out of notes, plus the bullish chart setup, would bring way too much buying interest for any noteholder to be capable of getting another closing bid price in the .002s let alone 3 of them..
Good reasoning though, and if you could patent the use of a paint shaking machine as a stupid fixing machine, and sell them, you could go public and be an awesome penny stock CEO
What I explained earlier there's just not enough convertible debt left to get the price that low again for conversion, and even if it was possible, getting 3 closing bid prices that low would be even more impossible. I am really not sure how else to explain it
Hahaha. How many days are in a month? Lol. Didn't realize that 180 days was 3 months guess I learn something new every day lol
But back to the notes. They just about all, and all the more recent ones, use average CLOSING BID prices for the conversion.... Average,.....,,, CLOSING.. BID .... PRICES ... like there is a price on the bid when the market closes, lol, not the other bid prices from during the day which changed around all day long here and there but actual CLOSING BID PRICES, the price when the market closes, and with the market closed, you have the closing bid price, hence the term closing bid price. Let's do an exercise here, the stock closed at .006 x .0065 with .006 being the bid. Now with some critical thinking, one can deduce .006 to in fact be, the CLOSING BID PRICE!
Put it back in the oven a little longer. All the newer notes have the discount off average low closing bid prices, they can't just tag one low price and use it as basis to convert. The conversion of $288k into 146.7m shares is in the 10K therefore it is not magic, lol. Not seeing a new note ready to convert in 8 days?? I really think your dd needs some more time in the oven
This DD is way off.... I'm gonna help out this once, usually when half baked DD is posted the person doesn't actually want help...
Quote:
Subsequent to the end of the period through the date of the report, various noteholders converted $270,957 of principal and $18,176 of accrued interest to 146,727,525 shares of the Company’s common stock.
So right there 270k + 18k converted into 146m, nearly .002 average.
Since then, another 41m shares converted 352m OS increased to 393m). If we take the worst case it would've been a .0013 conversion, based on .002 stock price, likely a few points higher. That would be at least another $53k, likely a bit more, so based on as you said approx $400k there'd be maybe $50-$70k left. If any conversions are left, the stock hasn't been below about .0055 since April 26th, realistically .0039 conversion price would yield 18m shares. Peanuts. With note holders running out, they can't keep the price down long enough to make much of a difference.
Note the conversions are based on 65% of avg of 3 lowest closing bid in last ten days. So there is no just painting a low price for a split second and getting a cheap conversion based on it, as you suggested. If they're not out yet then they are running out rapidly and not getting many shares at these higher prices.
RSI cooling off nicely at 59, my prediction is the next leg up starts when the RSI gets down closer to 50
Great work sir and thank you for sharing your efforts with the board
I was actually just staring at that pre run chart from GEQU earlier today, it's in my uploaded ihub images repository. Thinking the same thing.
You may be right... It is consolidating and setting up beautifully for an epic breakout, but it still might be days or weeks away... For now, people needing shares can enjoy the cheap mid sub penny price
Exactly.. and in my opinion today would not be the day for news. If it needs to shake down again then it needs to shake down again.... Only makes it stronger in the long run
You’re not new to OTC right, it is pretty standard to fantasize about buyouts, more so in this case where there is a unique competitive product that a large company hasn’t yet established but is interested in. Samsung is foreign right, nobody ever talks about Samsung. Apple is a better match for the fantasy :)
This is where the apple talk comes from:
https://www.bloomberg.com/news/articles/2019-04-08/apple-s-health-opportunity-could-be-triple-smartphone-market
Basically just that apple is highly interested in this market, which may make IGMB eventually a future buyout target.
Maybe a pipe dream? Sure, but also within the realm of possibility.
You got it buddy thanks!!! IGMB is slowly growing in to the gem we all know it will be!
Nice find on patent reference
It's tar and feather time for the idiot at .008
I think we can stick a fork in the note holders, if anything was left, each note was small I think $38k each, at .65 conversion even .005 would only net them under 12 million shares.... Peanuts.
My favorite comparison to IGMB is another telemedicine type company EWLL which ran from .006 to .35 or so a few years ago.. I watched that one the whole time but failed to buy in.. IGMB has higher assets and lower liabilities than EWLL and EWLL still has no revenues... IGMB has some revenues and is in a much better position to blast off than that ever was... We gotta value the business plan, telemedicine / medical device type stuff is one of the best speculative potential business types in OTC land !!!!
Another interpretation, if you look at the specific notes and amounts converted subsequent to December 31st, there wasn't much left after the 10K and a couple small new notes, likely got IGMB to where they needed to be funding wise, to put BioDatix over the goal line... Let's wait and see what happens. If any notes are left they are small and negligible amounts of shares compared to the volume and price we are at...
I love halbroke