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More gifts?
I bet this closes at or below the 200d. At his point I wonder if the next fluff pr will even bring the pps up.
Accum not straight up on any charts. Please post that chart.
The short volume? Please show some evidence. I would not doubt there is short selling with this stock. The reason for it is that once the prs starting coming they were not biopsy results. They were repeats of other pr's.
Form 8-K for ENTEST BIOMEDICAL, INC.
9-Feb-2012
Other Events
Item 8.01 Other Events.
(a) On or about February 6, 2012 Entest BioMedical, Inc. ("Company") filed a CERTIFICATE OF DESIGNATION ("Certificate of Designations") with the Nevada Secretary of State setting forth the preferences rights and limitations of a newly authorized series of preferred stock designated and known as "Series B Preferred Stock" (hereinafter referred to as "Series B Preferred Stock") which series shall consist of 4,400,000 shares authorized having a par value of $.001 per share.
Series B Preferred Stock shall rank senior to the Common Stock as to dividends, distributions or as to distributions of assets upon liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary.
With respect to each matter submitted to a vote of stockholders of the Company, each holder of Series B Preferred Stock shall be entitled to cast one vote per share.
Holders of Series B Preferred Stock will be entitled to receive, when, as and if declared by the board of directors of the Company (the "Board") out of funds of the Company legally available therefore, non-cumulative cash dividends of $0.02 per quarter per Series B Preferred Share ("Base Dividends").
In addition to the Base Dividends, in the event any dividends are declared or paid or any other distribution is made on or with respect to the Common Stock , the holders of the Series B Preferred Stock as of the record date established by the Board for such dividend or distribution on the Common Stock shall be entitled to receive, as additional dividends (the "Additional Dividends") an amount (whether in the form of cash, securities or other property) equal to the amount (and in the form) of the dividends or distribution that such holder would have received had each share of the Series B Preferred Stock been one share of the Common Stock, such Additional Dividends to be payable on the same payment date as the payment date for the Common Stock. The record date for any such Additional Dividends shall be the record date for the applicable dividend or distribution on the Common Stock, and any such Additional Dividend shall be payable to the individual, entity or group in whose name the Series B Preferred Stock is registered at the close of the business day on the applicable record date.
No dividend shall be paid or declared on any share of Common Stock, unless a dividend, payable in the same consideration and manner, is simultaneously paid or declared, as the case may be, on each share of Series B Preferred Stock in an amount determined in paragraph (b) hereof. For purposes hereof, the term "dividend" shall include any pro rata distribution by the Company, out of the funds of the Company legally available therefore, of cash, property, securities (including, but not limited to, rights, warrants or options) or other property or assets to the holders of the Common Stock, whether or not paid out of capital, surplus or earnings.
Upon any liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary (collectively, a "Liquidation"), before any distribution or payment shall be made to any of the holders of Common Stock or any other series of preferred stock, the holders of Series B Preferred Stock shall be entitled to receive out of the assets of the Company, whether such assets are capital, surplus or earnings, an amount equal to $0.10 per share of Series B Preferred Stock (the "Liquidation Amount") plus all declared and unpaid dividends thereon, for each share of Series B Preferred Stock held by them.
If, upon any Liquidation, the assets of the Company shall be insufficient to pay the Liquidation Amount, together with declared and unpaid dividends thereon, in full to all holders of Series B Preferred Stock, then the entire net assets of the Company shall be distributed among the holders of the Series B Preferred Stock, ratably in proportion to the full amounts to which they would otherwise be respectively entitled and such distributions may be made in cash or in property taken at its fair value (as determined in good faith by the Board), or both, at the election of the Board.
(b) On February 6, 2012 the Board authorized a dividend to Common shareholders of record as of February 21, 2012 ("Record Date") to be paid to Common shareholders on or about February 28, 2012 such dividend to be payable in shares of the Company's authorized but unissued Series B Preferred stock .001 par value and to consist of one share of Series B Preferred Stock for every eight shares of Entest BioMedical, Inc. Common Stock owned as of the Record Date.
Exhibit No. Description of Exhibit
I think it bounces off the 10d and moves back up, imo (even with that ugly candle). I was in and out today. Lots of day traders on this one today. I'll be looking at the bid in the am. GL
You say that everyday. Chart indicates further downtrend. This will be at or hear the 200d. See how it does there.
That gain will be less than 100% by EOW.
Agreed. Even at an average push the trials will take time to conceive and execute. The company scientists and the FDA hash out study design (methods and analysis). I think many here have been led to believe that the FDA is going to give the drug a thumbs up or thumbs down in 6 months and it is just not the case.
I agree. By EOD fri should be .032-.033 or so. That support may take a while to chew through. Bounced off the 200d today.
Interesting because it was red? Seems par for the course.
Boom! You never know with stinky pinks (acts like one and is priced like one) what will happen. Generally the go nowhere and no one can predict the year they might go. For now watch for the next fluff pr and a short bounce that will be associated otherwise beware as this chart is clearly trending down. Market skeptical of CBIS news. Good luck.
Sellers far outweigh buyers. You should wait until lower resistance at .033-.034. There is no buy signal on this chart. Only sell signals.
Lots of shares at the ask. Resistance to upward movement thick at .038 and .040. Look at L2 and see for yourself.
Incredible bid support.
My bad on the chart. Looking at the wrong one.
345K at ASK. OUCH! Lots of resistance at .040(L2). This will close flat or red. Profiteers handing the bag off.
Sell off?
Not based on the chart because that chart is dead.
Wow you threw away a 417% gain to now only be sitting just above 100% gain? Bummer. I hate when that happens.
It might be someday. It's not currently. Link back to read about triple bottoms.
CBIS down 8%. Its getting hot in here.
The 50d and 200d cross would be weeks away. The rest of the chart shows this is going down hill sooner. The 50d coming up is a result of the run up. Alone it does not indicate strength in trending up.
Its down 6% and resistance is eroding quickly. Without more fluff bears will come in force.
The 2d thing is from a chart a friend gave me fyi.
Good luck
LOL. "cubs". I guess. Nibbling away and growing. Here mama mama, come and get it!
SEC filings dont matter with stinky pinks like CBIS.
CBIS = Snake oil. A must read: Link back
Yes but the pps drops when selling pressure increases. In this case it is due to the lack of trust the mkt has in this company and its cure all.
I assume the 200d is red for many here. How is it strong? What does that mean? When I say "see you at the 200d" people get angry. When you say it you make it sound good. If this hits the 200d today and loses that resistance the next solid level is 0.026.
Good to see we agree. I knew you'd come around.
See you at the 200ma. Charts don't lie.
Yes. My favorite part:
"If you don't see your condition, drop us a line and we'll add it to our list. "
That's just funny. Add anything to the snake oil label.
They should add "pumper" to the list because many here ailing.
You should get this to the guys on the ask cuz they keep dropping it.
0.04 new ceiling rather than support? Over 740K@ .040 at the ask and ~250K on the bid in the high .03's. Tough math for the pumpers.
Support wearing thin here. See you at the 200d. Par for the course indeed. We finally agree.
Full sto just turned down, intraday accum dropping.
Greek Investments holding tight.
I am sure he is here and loving your efforts to get the pps up after 5 fluffs in a row. He will be laughing all the way to the bank. On to the next shell after. I found it most amusing when MJ legalities was the hot topic last week and suddenly we have the FDA fast track news with some bs about how it can be sold in certain states. Oh, he is here.
By the way, do not pm me anymore. I shoot straight and in public. I am not going to respond to private pleas begging me to stop calling this POS for what it is.
I agree. At least the pumpers have someone who can read a chart on their side.
I understand the science. I also see through the fluff. The science of cannaboids I am down with. P&D scams I am not.
Your DD is as poor as your chart reading skills. There is an indicator for market sentiment. Maybe once you learn how to invest you will stop following the flock.
Golden cross in 2-4 weeks. Big maybe. I think we test the 200d much sooner.
CBIS=Snake oil. It cures HIV now? Posts like that should be removed as they are shamelessly misinforming the board. Beware the Suebarth.
Its best to read for yourself and draw your own conclusions rather than following the flock. Pay attention to the red flags (and red pps).
Could be.
"Hand carried"? Thats rich. Pump and dumps dont hand carry anything but suit cases full of money to small islands. CBIS down 2% on news.
CBIS red on news. AGAIN.
Not looking good here folks. Pushing back the biopsy date again is, well, judge for yourself.
I am not rubbing anything in anyone's face. Just calling it as I see it.
GL
Stinks of P&D. More pics, no biopsy.
The results are always on the way with POS biotechs.