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I don't think they are worried about the share price short term. The CEO bought a ton at around 2.5 if I recall, so I'm sure he is aware of the situation. I would rather they concentrate on the future and growth of the company this fall with the reg's coming into play, vs worrying about keeping the price up right now. I guess, the only mistake I saw was the 400mil guidance, but the year isn't over yet !! so well see.
I just don't see the point in complaining. This was not a hush hush thing.. and it was clearly talked about and anyone in this stock should have known about it. The only variable was the split ratio. anyway.. looking forward to the move to the Nas so we can be rid of this stuff.
So you didn't know about a reverse split ? That's laughable.
No.. RS was 1 for 12 so price was .88 at close. open today at 10.56
17.00 = pre split 1.41 but its not really trading as most of us don't have our post split shares yet.
If share are locked up.. who can they buy from ? Just wondering. Guessing once shares are unlocked.. she will drop again.. but nice to see for now !
That would be nice ! Did they say when they expected to up list ?
yes.. same here.. It was showing 2 shares at 10.56 then jumped to 102 at 15.00 so seem like some one bought 100 at 15 ? time will tell
Saw my first Bidi sticks for sale. I’m from MN. Haven’t seen any ( at least that the normal gas stations I use , but in MI on vacation. Say them for sale on front counter of a Marathon Gas station. Good to know we actually have products out there ! ( I mean I know we do, just nice to see them ).
its all roll of the dice timing.. If you get lucky, you sell at 1.00 buy back at .60 or of if your unlucky, sell at 1.00 buy back at 1.30 not willing to take the risk.. just hold for the pay day down the road.. thats my plan
helped out end of day.. grabbed a few more K.. pushed to 90. lets go !
I believe that is to say on , once your on, but 4 to be able to make the move.. could be wrong.
Probably BB adding more to his pile !!
Agreed. Although in hindsight, should have sold a bunch @ 3.60. 3.00. 2.60. Lol. Never figure we would be back down here. Oh well. I just keep putting profits from other stuff into this. She will pay off eventually.
Its perplexing to say the least. But OTC is flipper land for the most part. Most people( I am one) are here to try to jump on quick moving stuff for the quick flip for quick run. Not sure why this doesn't get more attention. We get news of 11 new markets ? nothin. Some pos that says they might go into the CBD market , with billions of shares out moves 100%. I think part of the reason might be liquidity. I mean, if wanted to try to flip even 10K shares here, it would be difficult to by and sell quick and not push or tank the price. I think most OTC traders look for that ability to buy in quick and get out quick (I know I do if looking for a short term trade) This doesn't offer that, so its kind of boring to trade. So people play other things that are more sexy short term, as that's what they are here for. And honestly, we all know most OTC stocks are just hype and hopes. So until we get confirmation of the numbers they are saying they say they will do .. its just another OTC stock talking about things that may never come true. I think they have proven to be quite accurate with their forecasting, so went long term on this one which really may well be the diamond in the rough as many claim to be. Well see .. Good luck to ya
Probably due to gap fill.. lots of people waiting for that to happen, then start jumping in, which gets things moving the other way, and more people start jumping in that were on the fence waiting for the bottom..
True.. I was thinking min bid was 4$.. forgot its 1$, once your listed
I think they will still do it, not matter what. They /We want this to be clearly above and away from that min price requirement. Would suck more if we got above, got listed, then for some reason fell below and got delisted. that would imo be worse. The news of the intent to RS has been put out there, so now at least we can expect people not to freak out if and when they do it. I think it was a good time to announce the intent. We are/were in a bit of a lul news wise, not much happening, so ya the price took a hit, but now is recovering. So wont be a momentum killer when they do it ( if they do)later, as much anyway.. The other upside was it seemed to shake out a number of( or one) large share holder, and hopefully put those shares into stronger hands, so they ( the large holder) wont dump later and hold things up.. imo
it closed at .030 AUD.. that's .023 USD They were up 35% because their close the day before was lower.
OTC land has always been about the hype and the pump.. This is neither.. its boring.. lol OTC folk, there chasing something else. idk. crazy.. just keep adding to my pile.. will pay off at some point..
Most OTC dilute the crap out of the stock, And then do a 1/1000 RS .. over and over.. This is not that.. Not sure why people cant see that. Could they get above the 4$ mark organically? Maybe, maybe not. If they did, could they stay there ? Maybe maybe not. I think with a small R/S, it puts them in a position to get solidly above the listing requirement, and stay there, vs what if they got above organically, got listed and then fell back below .. now all the work for potential delisting ? How would that look. idk.. seems logical to me. Just sucks people freak out.. BUT hey, I picked up 20K this AM.. will wait it out.
Agreed, added, never thought I would see this price again, but might as well take advantage.
I hit it for 10k shares... this is silly..
Yes. Only reason to by before or after might be if your paying commission based on the amount of shares you buy? I would think most people trade with flat rate commissions.. but if not, buying 500 now vs 5000 after might save you some $$ also the obvious possibility that it runs after the split is effective. But, also the possibility that if you have presplit shares, after the split it might take a day or two to adjust in your account, so if it does run you might not be able to sell right way if you wanted to ? IDK.. just some things that came to mind. If you plan to hold longer term, doesn't really matter. (FYI I am not a trading professional, these are just my ill informed opinions..lol )
Nature of low floaters.. But at the same time, when a single buyer wants any large amount of shares, that will push the price.. After split, things should trade a litter tighter, but ya. not something you can move large amounts of shares in and out of on a daily basis.
Pulled trigger on a few thousand more yesterday around 4.00.. hard to do when first buys were at the 1.00 range . lol. but thinking these will look cheap down the road? Fingers crossed.
4:1 reverse split..
Maybe we get lucky ?? LoL doubt it but fun to think about.
https://www.farrellfritz.com/warrants-and-reverse-splits/
I believe they are restricted until next fall. So don't think any time soon.
Good reason is $ORW has more in the works hopefully then just TSNP warrants. (last conference call was delayed due to material events that were transpiring that they wanted to discuss and included in the call) Take it for what its worth.. Also , $ORW should actually be trading higher then TSNP based on the value of the warrants. 500 mill warrants, ..only 440mil OS. so quick calculation is 500 X TSNP price / 440 = $ORW price based on only the warrants. Not sure if any of this is reason to own, that's up to you.. good luck !
Short term gains are taxed like normal income.. so yes, you will jump up in tax bracket. Nice problem to have ?? LOL YES
Looking forward to this new development, so we are not to tied to the movements of TSNP.. Be nice add another TSNP type deal to our portfolio!
Probably this "anticipation of new development" is why were now trading at about 75% of our TSNP warrant value. Before we were at about 50% it seemed.
Depends when you bought it. Depends on news. Depends on when news comes. Never a mistake to take profits. Don't let anyone tell you otherwise.. From my experience if people are yelling for you to hold, its because they are selling. This has potential to move big, but when ? Idk I have been here a while.. just waiting it out. Could be tomorrow.. could be 3 months. So depends on the person and what is right for them. Most penny stock players are looking for quick flips and big moves. so, they get bored with anything that takes more then a day to run. So they sell and move on. This is low float and thinly traded, so any major buying ( or selling) will move it quite a bit.
So whats the hold up. IN your opinion.. just that we are otc and due to that, not credible, unproven ? Or is that market cap just stupid high.. lol
So all things being equal ( if they were) we should be at about 139.00 a share to match that Cap..
Guess I need to buy some more and sit back and relax
Where is the Cap of that similar stock at you mentioned a week or so ago that just IPo'd? Is that a good comparison to this one ?
LOL you guys still on this? Sorry but your wrong..lets test your formula.
Here is the tweet from the big guy
FORW CEO George Sharp short time ago
“When $TSNP is at $1.25, $FORW's warrants are worth $1.36/share”
Ok so your way..
1.25 -.031 = 1.219 x 500 mil / 440mil = 1.385
vs the other guy..
1.25 -.05 = 1.20 X 500mil/440mil = 1.36
Seems to want to trade at about half the value.. not sure why.. people maybe will start to push this closer to actual value as TSNP becomes more stable and legit? We should be higher now then TSNP. Break even point ( where FORW = TSNP) was at .42 ish..
LOL Like Facebook in here ! His tweets are not clear as to what shares he is talking about .. but it seems pretty clear after 3 tweets the Formula is correct.. and he is talking about $/FORW share, not $/warrant share.
Interesting fact about this formula.. due to the TNSP warrant to OS share ratio, at about TNSP .42, our FORW shares start to become more valuable then TNSP! For fun and as an example. at TNSP 1.05, we would be at 1.135
Should at least be above .20.. Oh well hopefully in time.