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Sure is. Having way too much fun just watching! Lol
That wasn’t the dual listing to Upstream !
Ty caught it on the link to your post but logged out and back in on the app and it still doesn’t show. Something funny on my phone maybe. Apologies.
Are you copying the link correctly because it isn’t even showing up in your posts. It’s not that you are posting a link that doesn’t work, there’s just clear space under your post.
So GNS is going to be the first company of the two, to complete a dual listing on Upstream.
It was COSM in February this year.
See this article.
https://www.bloomberg.com/press-releases/2023-02-02/cosmos-health-announces-application-for-dual-listing-on-upstream
Dude. Did you forget to post the link in your excitement? Lol
It’s COSM @greatstockpicks just replied to my message in his telegram group!
All I can remember is that the CEO of GNS got the idea from this other CEO and it was one of the popular stocks but I just don’t remember which one!
Someone might. Let’s see. Anyway, looking forward to tomorrow.
Hello my friend. Do you or anyone reading this remember which company did the same thing with a dividend on Upstream, I seem to remember it was a good year ago or something like that.
Might be an idea for our erstwhile technical analysis whizz kids to compare how the charts behaved at that time see what could possibly happen here. Saying that, I know that market conditions are very different at this point in time because of all the turmoil in the world.
But id be grateful if anyone reading this could give us the name of the other company.
Many thanks to everyone. Liking the potential here.
Well I’m not sure about the other exchange but the reason this is being carried out is to force the shorts to cover.
I can’t remember which company did it first well over a year ago now but I’m just patiently watching to see how it plays out.
My thinking is that if buying pressure continues tonight after hours that will cause some margin calls. The extra volume next week could easily contribute to a return to last week’s high. That will in turn create fomo for new retail investors which will then cause more margin calls and eventually in a few days forced liquidations. The liquidations will not happen immediately as I believe they have a certain amount of time after the notification.
Here’s another thought as I’m literally just thinking out loud as I type, but if the total amount of short shares that the broker is responsible for delivering on all short positions is very substantial the brokers will start liquidating accounts to cover the short much quicker because if they don’t a huge uncovered short could ultimately take down the broker as well.
Just my thoughts everyone should make their own decisions
Anybody know what happened to Chief who’s post I’m replying to? I’ve not seen him on IHub nor twitter for over two years.
So glad you got better.
Its just a waiting game now. Let the traders have their fun while the higher it goes the more shares will get locked up.
Those longs buying the 50’s will be holding for $1 plus. There’s a completely different type of trader that never trades anything under $1. When that threshold is reached those buying at $1 will be holding for $2 minimum. Those buying at $2 will be holding for $4 etc etc. All they need to do is secure non dilutive financing and the current share structure offers enough liquidity for maintaining their Nasdaq listing.
Well the possibility is that the share price will move either substantially at first but with the relevant pull backs etc like all the other major runs. The thing folks need to remember is that this test alone will have substantial demand the world over all throughout the year. But it won’t have demand in the billions like Covid vaccines did.
It will become the standard test because otherwise people will take legal action against hospitals that are not using it because of the delay in diagnosis.
I’m saying that I think they still have to hold the vote, but if the FDA approval does come out in the next few days hopefully the share price will go well above $1 and the SEC or Nasdaq whichever makes the decision will say that they are now compliant and they won’t need to hold the vote.
As I say the voting rights attached to shares issued to insiders this week will make a hostile takeover impossible because even if someone bought 51% or whatever percentage of the shares they need to vote a takeover through and make it unconditional will not be able to accrue enough votes to win unless the board recommends any offer for the company.
In the UK the supermarket chain ASDA was about to go through an agreed takeover then Walmart swooped in with an even better offer for the company and the board recommended the Walmart offer instead as it was a substantial amount higher than the first offer and maximized shareholder value.
I’d be surprised if big pharma isn’t watching events very closely. But the pattern I’m seeing is the usual one that share prices rise on Fridays because people are buying not wanting to be out if news hits pre market on Monday. Then when nothing hits by about 10:30 am EST they sell out. Meanwhile shorts are waiting for two things to happen. They’re waiting for that sell off if no news comes out or in general, they’re waiting for retail to run out of money to keep buying the stock. When volume tails off is when shorty makes his move.
It all depends on if the company from here onwards is either going to try and go it alone, in which case they will need to secure both production commitments and a distribution agreement or if the company is happy to and agrees to be taken over by a larger company that already has all those things in place or a bigger company might license this first product and pay them a royalty on every test sold.
What the latter will do is bring in money to develop the rest of their pipeline without diluting the share structure further.
This, I believe is the way that people need to view the options available to the company at the moment. These are just my reasoned logical thoughts on what I’ve seen in the past. I can’t say that I’ve identified all the options available but those are the ones as I see it.
Apparently, to get an SEC extension for a few months they need to actually have a vote to authorise or reject a reverse split.
Here’s the thing, I’ve read that apparently those shares that were issued the other day in the Form 4’s have much larger voting rights.
So here’s my thinking.
If the share price is substantially over $1 by the time of any scheduled vote, they won’t need to engage individual retail shareholders to vote because the insiders who now hold substantial voting power will be able to vote either yes or no to any possible reverse split.
Seems like the most logical reason why such small amounts of shares were issued to insiders but with very large voting rights. Also, those large voting rights will stop any hostile takeover because with so many institutional shareholders there’s every possibility that one of them has been approached on the quiet about doing exactly that by some big pharma company looking to buy the technology on the quiet.
All this makes a lot of sense to me! Everyone should do their own research as well.
Well that dip sure didn’t last!
That scissor action at the very bottom of the dip looks like market makers taking advantage and going stop loss hunting.
7:30 am EST and after that is where we will get see what sentiment is like as all brokers that offer pre market trading come online.
Only a few offer out of hours trading all the way from 4am-8pm EST. Interactive Brokers is one Webull is another.
Wrong board. Go fa rt somewhere else thanks.
49,812 followers on StockTwits. Trending number one over there for activity and new followers!
Looks like it’s going to be a very busy August for the longs!
Indeed but you can see that the very sizeable institutional holdings have increased during this time and the fact that any buying pressure takes the price up points to a very tightly held share structure.
Oh dear here’s another one. Maybe you should go read the Stock Twits board.
He’s a serial flipper. When I called him out on Twitter he blocked me.
Sure looks like somebody filled up the tank just before market close.
Interesting thing to note is that instead of a new high of the day at the end of out of hours trading, this has hit a new high within an hour of market close. So shorty is clearly running out of firepower!
I think it previously has been but whether you’re on the breakout boards is dependent on the average number of posts over the previous seven days so I think it’s had its time near the top already.
This didn’t age well either! Shorty needs to cover!
Everyone read this post. Especially people new to trading. People who post negatively about a stock are either flipping it or shorting it.
They rely heavily on having a place to post negatively about the stock to create fear uncertainty and doubt - FUD in people’s minds to get them to sell. Short market makers then take the opportunity to mark the stock down and if really desperate to go stop loss hunting by dropping the stock taking out stop losses then bringing the price right back up.
Look at a person’s posting history to see their true colors!
Lol not really better tell that to the people buying all the way down and all the way up!
Nope it’s all the stock guru’s out there have been talking it down non stop for the last two days starting on Sunday so any signs of weakness and people dump. At the same time various day trading groups have entered and exited.
This did not age well! How’s your technical analysis going since this?
Hope you’ve still got the other one fully functional!
Thanks got no idea what you actually mean.
Churned in this range nicely all day. Allows all the important indicators including the RAI to reset very nicely.
Not sure but I think he’s one of the whales with a substantial holding and he seems to be very well informed about the company
You guys really should Yellow Sunflower’s posts on the Stock Twits board. He seems to be hinting quite strongly that the FDA approval has already been granted.
I’m waiting to see what happens
Big buys still being broken down by the market makers and you see them execute at the exact same second.
Looks like they’re desperate to keep the price low!
Thing is this could be a GME kind of squeeze - because there’s more shares shorted than there are shares that can be bought to cover those short shares.
It is acknowledged that GME has more shares in open short positions than the whole of the outstanding share count. So for that reason we keep seeing short squeezes in GME since the Gamma squeeze the very first time.
The there’s every possibility that we could see the same kind of thing happening here.
This is all theorising but it could happen.
Strong W forming on the chart.
Arcadian Asset Management bought 996,000 shares yesterday!
Scroll down. The date of the purchase is on the left. On the right hand side is the link to the Edgar/SEC filing.
https://www.marketbeat.com/stocks/NASDAQ/TTOO/institutional-ownership/