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Divide 1.45 billion by 30 to get the equivalent number of PBMD ADS shares.
One American Depositary Share (ADS) of PBMD trading on the NASDAQ is equivalent to thirty shares of PRR trading on the ASX.
SEC charges EKSO reverse merger attorney Adam S. Gottbetter with market manipulation.
http://www.sec.gov/news/pressrelease/2015-100.html
More info: https://buyersstrike.wordpress.com/2015/05/26/adam-s-gottbetters-very-bad-day-ekso-ntrp-curm-more/
The SEC activity provides some explanation as to why the stock seems to be starting to tank.
If you are long, you might consider taking profits while you can.
Disclosure: I am short EKSO.
For info on Brighton Markets, the group behind the AXMM pump, see http://www.goodetrades.com/2013/09/nutranomics-nnrx-pump-and-dump/ This article explains the process Brighton uses to cycle their websites. The list of websites may be outdated, but if you go through them, you should find a live one. You want to sign up for one of their sites where they ask for a phone number, so that you get, ideally, an early call from their boiler room operation. Remember that when these pumps dump, they dump hard and you will not be able to sell easily.
Excellent series of tweets on trading $AXMM from Nathan Michaud @investorslive Early shorts beware!
Of course he knows the company, he is part of the team promoting it! He also knows that it will be trading in the pennies once the insiders have dumped their shares. For a look into the future of $AXMM look at the charts of $TALK and $GNIN - same people behind the promotion. Disclosure: I will be short $AXMM within the next few days.
Premarket session for OTCs is 08:00 to 09:30 if you have a broker supporting these trades, such as interactive brokers.
Pinks can be traded in the pre-market session be routing through ARCA. This is a relatively recent change, sometime within the last year. Before this change, the only OTC stocks that could be traded pre-market were OTCBB. Not all MMs are active in the pre market session, so bids and asks that are displayed on level 2 are not necessarily "active". Interactive Brokers lets you trade pinks premarket, not sure which other brokers do.
I have a short position in GENE with Interactive Brokers.
Don't forget conversion 1 Aussie dollar = .7784 $US
@236T568 re UPOT PM. Why haven't more people shorted this stock?
There are generally two classes of serious OTC short biased traders - long term, who are shorting and willing to wait for the eventual decline in PPS, and the short term, who are trying to catch the point at which the stock price cracks for a rapid gain.
Both classes are not interested in shorting at this time because:
- the insiders appear to still hold most of the float. There has not been a lot of volume since trading began compared to the O/S number. Shares sold to bagholders back in the March / April spike may have been bought back by insiders already at much lower prices. When insiders control the float, they can manipulate the price. The price can therefore not suddenly drop, and therefore short biased traders are unwilling to hold a position.
- it costs $2.50 in margin to short a stock under $2.50, so at the current PPS, you are putting up a lot of margin for a position where the price may not move for months.
- there is no obvious catalyst that would cause a drop in pps at this point.
For short biased traders to be interested in UPOT, there would have to be a significant increase in volume and PPS, based on either a promotion campaign or a manipulation which triggers momentum day traders to be interested and help drive the price up.
I haven't looked very hard, but UPOT does not seem to be subject to promotion at this time.
There are a lot of scammy, worthless stocks trading on the OTC that no one is interested in shorting, as a successful short trade needs something to trigger a drop in pps. This could be either insiders dumping, or momentum day traders deciding that the party is over after a big run up, or "investors" who lucked into a big run up deciding to take profits when the price starts weakening. Again, if the insiders hold most of the float, this just isn't going to happen. The exception to this would be an insider whose shares have been restricted and the waiting period is over and who start dumping because they can. Research of the timing of convertable notes and conversion of preferred shares can sometimes indicate that this may be about to happen.
IMO, one of the reasons that MDBX held up for so long was that Vinnie was not greedy, and kept a relatively tight reign on the float.
So thats my 2 cents worth. Any other short biased traders are welcome to pitch in.
And dropping, down to about $7.00 in $US based on 150:1 ADR rate and exchange rate conversion. Note less than $1,000,000 in volume on ASX as of noon Australian time compared to $289 million traded on Friday on NASDAQ. I guess the Aussies are a little confused about all of this.
I think you are asking the wrong question. You should be asking why the share price is so high given the fact it has no revenue, less than $100,000 in real assets and $3,500,000 in liabilities. How can this possibly justify a market cap of $102 million? Disclosure- short this worthless POS for the long term ride down.
Tell you about what? MDBX or shorting?
I have been swing trading MDBX on the short side since February 19, 2013. I am currently short, but have been scaling out and so my position is now quite small.
$$ MDBX $$ SHORT POSITION MAKING MONEY HERE. BAM!!! FACT!!!
Nice catch! Any thoughts on MDBX doing a Super Bowl ad like Spongetech did? It would fit nicely with Vinnie's vision of his place in the world.
Disclosure: short MDBX.
I too hope that CBDS follows CANN's path: SEC suspension followed by massive price collapse.
Disclosure: short based on the fact that CBDS is significantly overvalued, just like CANN was!
Let's hope that this company does better than Scott Dockter's previous foray into mining, FOGC Firstgold Corp, that ended up in bankruptcy.
No doubt a ticker and name change is coming soon...
Well, I am cheering for sub fifty cents. I have been scaling out of my short position, and am looking for my final exit. I am more than happy for the pps to get pumped to great heights again, I will wait for a downtrend to start, and short VAPE for a record fourth leg down. If you read all the filings carefully, it is clear that while VAPE is a "real" business, it has been primarily been established as a vehicle for insider enrichment through dumping of shares.
I never met a fighter pilot who said "wheeeeeeeeeeeeeee"....
Under $7.00!!!! I expect an acceleration to the downside. Kudos to Vinnie for keeping MBDX going for so long as a vehicle for insider enrichment.
Disclosure: short. I will start scaling out at $2.50 with a final target < $0.50. Due to my respect for Vinnie's abilities, I will box my position if an uptrend magically appears when all seems lost.
Still sitting on my 70 share short position that I had prior to the suspension. I have already set a personal best in % decline for a short position. I am willing to hold to sub 50 cents, and will exit at any plateau after that.
The problem that "shorty" aka me faces with a forward split has nothing to do with borrows, as you have rightly pointed out. If my broker has secured a borrow of 1000 shares, those 1000 shares will become 3000 shares after the split, so there is no issue.
The problem for shorty is that for each penny stock under $2.50 that you borrow at a broker like interactive brokers, you have to put up $2.50 in margin. So if I am short 1000 shares of CANK before at the current pps before the split, I need to put up $2,500 in margin. Once the split occurs, my broker will want $7,500 in margin. This makes shorting CANK less desirable, and may result in existing short positions being covered to avoid this situation.
Overvalued companies that are being promoted often dump right after the forward split. I believe that planning a forward split during a promotion adds to the profits of the insiders as it scares shorts away, leaving a greater percentage of profit to the insiders.
Time reveals all... Let's check back here a year from now and see who's right....
Claiming that a company is a scam just because the share price declines shows a lack of understanding of how the market works.
Nortel Networks once had the highest market cap of any company in Canada. It's share price dropped from over $100 to 10 cents. It was not a scam.
I agree that VAPE is overvalued, and while it is a "real" business, it was set up primarily for insider enrichment via convertible notes at conversion rates that are highly profitable to the holders of the notes (insiders). The share price is also very high based on an analysis of the financial statements, even if you assume a huge increase in revenue.
For these reasons I hold a short position which I am unwinding as the price drops.
Your continuous rabid ranting is one of the reasons why short sellers are generally not well respected!
Be careful of the dead cat!
GLTA, and kudos to the insiders for a superb job in price maintenance and chart building!
I'm Short MDBX!!!!! ATM!!!!!!!!!!!
Ka-Ching!!!!!!!!!!!!!!!!!!
Congratulations VAPE!
http://www.independent.co.uk/arts-entertainment/vape-is-chosen-as-2014s-word-of-the-year-9867033.html
Disclosure - short.
I only know what VAPE states in its filings to the SEC.
VAPE products all come from China.
When VAPE purchased HIVE in March 2014, HIVE had "no significant revenue activities, physical assets, employees, or customers" - 10Q Item 2 Managements Discussion and Analysis of Financial Condition and Results of Operations.
But they did have a website!
Until VAPE management file a 10-Q or 10-K, we can only guess at revenues.
But the selling of shares is relentless!
A reasonable prediction... Is the revenue that bad???? Lol!
Has anyone identified if the products they sell, which are all sourced in China, are also offered by any other distributors? I find it hard to understand why "investors" insist on giving such a ridiculously high valuation to a company that is simply an online reseller of goods made in China!
Most recent 10-Q is end-June, still waiting for end-September, which will no doubt be full of lots of new convertible notes!
It's not just the warrants that longs should be worried about, VAPE management seems to issue a constant stream of convertible notes for both services and debt. These convertible notes are all toxic to the value of issued shares, and create a constant selling pressure when they are converted. Check out the latest 10-Q and search on convertible!
Disclosure - short, scaling out as the price drops...
Sure.... OK.... Lol
Longs can get burned here fast!!!!!!!!!
ATM for shorts!!!!!!!!!!
Disclosure - I have a short position in MDBX.
Sorry, most but not all OTC pot stocks...
Most, but not all, OTC stocks are set up solely for the purpose of insider enrichment. Insiders stopped selling in the lead up to the state MJ referendums last night, hyped the sector, and got more investors to buy into what ever story is being spun. Insiders selling has resumed. There is also an aspect of "buy the rumor, sell the news" after the votes last night.
Disclosure - short lots of pot sector stocks, but not CANV right now.
Buy the rumor, sell the news!
Disclosure - net short VAPE, partially boxed
I think that shorting MDBX might be a good sock play!
Disclosure - short MDBX
Surely you mean "Laugh-In", not SNL!
It is very important that ALL posts on iHub contain only 100% factual data!
Disclosure - short MDBX
Dump starting? I unboxed my position this morning and am now short. Kudos to the insiders for keeping the pps up for as long as they did!