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Yeah, I know. But some posts are stating dollars, and multi dollars, and I feel that it is important to grind our way higher, with maybe a nice spike on the deal closing or new contracts. On no planet is it worth three dollars, and on no planet will it ever ever get there. That would mean that my shares would be worth over two million dollars, from an 11K plus initial buy...I bought about three weeks ago at .0152 average.
If we can get to ten cents on news of the deal closing, then maybe it is possible that fifty cents is possible if they have some contacts lined up. And I guess anything that trades at fifty cents can trade for dollars, so I hope you are correct. I would feel great at fifteen cents....might not sell any, but would feel like it was a great move that I made.
I am convinced that this could be the big one. Not guaranteed at all, but all they have to do is close this deal, announce some new contracts, and importantly, not have insiders sell into that first spike, and the price should certainly head over 10 cents reasonably soon, and anything that can trade for 10 cents can trade for 20 or 30 cents.
Those talking dollars are really dreaming. Sure, we can cite examples from the past, even the recent past, but dollars would be the ultimate miracle. But then again, it has happened with worse companies than this, and I never really understood the math...companies trading for hundreds of millions in market cap that are worth zero....for everyone who cashed out there had to be a huge bagholder. I've never landed on the miracle, but landed on some pretty good ones. I feel pretty good about this, but we will have the answers next week.
I'm actually looking at this like it is a legit company. 20 or 30 cents could actually be a legit market cap of 80 or 90 million if all of the players involved are legit, and truly believe this product can really take off. If the large holders decide to go for the kill here, and hold onto their shares while the price moves to 10, 20, and 30 cents and higher, then maybe Joe Public will push it to a dollar at some point.
Whatever happens next week, longs are at least in position for a life changer. But the dagger could come as well. I like the way the price inched up the last three days...no violent moves...no panic buying and selling. Gotta think we are heading higher next week. Just need to avoid a stupid surprise here. If the Ontario deal is legit, and the deal gets done, the price could really move.
Only one person mentioned the most important thing.
The most important item of the whole week was in the filing last night. The four letters are XBRL. This makes the deal closing likely a slam dunk. The woman who signed the LOI extension, who is partnered with Ron Hrnek, is the C.E.O. of the publicly traded company below. It is surprising that this was not the main chatter all day long. It is either a slam dunk, or an evil red herring intentionally released last night. It didn't trade like a scam the last three days...it traded exactly like it should if this deal is closing. Connect the dots.
XBRL Voluntary Filing Program
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ANB Canada Inc. (formerly Griffin Skye Corporation)
Profile
Mailing Address: 25 Millard Avenue West, Unit 1
Newmarket, Ontario
L3X 7R5
Head Office Address: 25 Millard Avenue West, Unit 1
Newmarket, Ontario
L3X 7R5
Contact Name: Brent Larkan Principal Regulator: Ontario
Business e-mail address: blarkan@anbcanada.com Short Form Prospectus Issuer: No
Telephone Number: 800 953-2140 Reporting Jurisdictions: All provinces and territories of Canada
Fax Number: Stock Exchange: N/A
Date of Formation: Oct 1 2016 Stock Symbol:
Jurisdiction Where Formed: Ontario Auditor: RSM Canada LLP
Industry Classification: merchandising - wholesale distributors General Partner: N/A
CUSIP Number: 03279Q Transfer Agent: Computershare Investor Services Inc.
Financial Year-End: Dec 31 Size of Issuer (Assets): $5,000,001 to $25,000,000
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XBRL Voluntary Filing Program
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Greatest destruction in market history. This is a tremendous robbery of you idiot longs. You were the suckers. If you owned 140 million dollars worth at the highs, you now have 7,700 dollars. Wow.
Now, this is where it gets interesting at 50 cents. All shorts are up 99 percent here, so that gives you a slight chance. If they are done diluting, at least for this week, and if the CEO resigns, or other good news is announced by Thursday, then you could see a short squeeze, followed by the heard chasing the price higher.
So, there is certainly a scenario where the price could hit 2 dollars or more. This is one that could go to 2 dollars, or it could go to 20 cents, and both could happen Wednesday or Thursday.
Lots of shares churned at 50 cents today. If that is somehow near the lows for the week, then HMNY probably heads over 1 dollar pretty soon. The data of 3 million customers is worth a lot of money. No real debt to speak of, all things considered. This could turn around for a few days, but there is no reason why it couldn't also go down big again. Lots of pain out there, and if that turns around into a green day tomorrow, you could see a good and quick spike to 1 or 2 dollars.
Sold this rat today at .0015. This piglet isn't going anywhere. CEO lied about 8k, even if he produces it, his credibility went out the door. Plus, he lied about CFO....those aren't open market buys. I made a few hundred bucks, but cost myself a bit t odsy by not having patience, as I decided I was done here.
Could go up, but this CEO is clown central, and when it tanks I don't want to be around. Out.
Time to blast pat .002 for good. Should be Tuesday or Wednesday to leave all traces of .001s behind. Do that, then things are looking good, and we can then make a run to .005 and then a penny.
Still not confident that the CEO can pull this off, but there are enough positive signs that I believe this has as good of a chance as any at getting me a 10 bagger this summer, and that is the game I am playing. 10 bagger or bust....unless a 5 bagger happens in one or two trading sessions, then maybe I would consider ringing the register.
Prefer a slow grind for two months, with a few spastic flurries higher once in a while, with final destination 3 cents in late September, where a billion shares trade that day and I cash in. That would be a 15 to 20 bagger.
CEO still a loser. He has gone about this the wrong way, but it is not a fatal error...yet. He is too stupid to tell the truth, and now it looks like in order to retire the notes, he actually has to buy some shares, so he uses his CFO, who is probably his sister or cousin, to "acquire" the shares.
He would have been better off just telling the the truth with his tweets by stating that an 8k is on the way soon...instead of mentioning specific days. And he is too dumb to realize that if he kept coming with great news in filings, without foreshadowing it with dumb tweets, that it would have an even greater effect on the price, as the anticipation would grow and the heard would drive up the price.
I bought last week at .0013 to .0014, had to survive a one day dip in price, but have been in the plus most of the time. This guy is really a loser and idiot, but I still suspect that the price goes way higher soon, as my guess is that he is allowing friends and family to load up before an onslaught of good news.
Well see if he screws this up, or for once in his losing life he actually does something right. He has a golden opportunity to make a big PR push and we can all make a boatload of money, as Bigfoot is in the zeitgeist with actual news stories. If the public sees a rising Bigfoot associated stock price in the news, you could have a viral moment and the price might get pushed higher than expected.
Not confident in this idiot, as his fumbling of the 8k, by lying about the signature, and now saying that it was because of negotiations, leaves me to believe that this guy might actually be legit stupid. He seems to now be trying to cover his tracks...pun intended.
He can launch this price into space, but he must stop being a loser, if just for a week or so.
Bigfoot trending in the news this week. Perfect opportunity for clown CEO to capitalize on it, release 8k retiring the notes, and come with a bonus PR. You won't get many chances like this.
If the CEO blows this opportunity, then he loses all credibility. Tons of people searching Bigfoot news stories, so this is your chance to throw the kitchen sink at a nice big Press Release after the 8k....you can note in the PR that with Bigfoot in the news, you are exploring strategic alternatives to capitalize on the Bigfoot brand. Do not blow this, Biscardi. Golden opportunity to pump this price up this week. This is your chance to retire, but you gotta get this thing to about 2 cents over the next few weeks. Go for it.
The key to BGFT is what that 50 million at .0016 represented. Seems positive to me, but the CEO is on the verge of losing all credibility if he doesn't release an 8k that shows zero convertible debt left, with no additional bad plot twists.
If he screws this up then he 100 percent lied and committed fraud by enticing new buyers. If he lives up to his word he buys himself a few weeks to come up with another pipedream or scam. The stock has held firm, and that is a good sign considering most IHUB pumps got smoked today.
Could go either way.
BGFT trading like a champ. As long as the CEO comes with the 8k and it says that there is no more convertible debt, then longs have a good chance. But make no mistake, the CEO is treading into the land of idiocy by tweeting that one signature was needed last week, and now saying it is due to negotiations.
If he is reading this, I advise him to shut up immediately and stop tweeting. Bring the 8k retiring the notes, and then make one statement about a pending merger or other news, and then delete your Twitter account. You are on the verge of looking like the buffoon that you have been for the last 40 years, so do this the right way or head to prison, loser.
If you look back to August of 2017 you can see the whole story. Insiders had all of the shares. They then gave shares to noteholders who unloaded on the public in late August. Shares finally bottomed out recently as noteholders were finished selling. Insiders then loaded up some more shares for themselves, while friends and family load up over the last week, as well as IHUB people. CEO tweets so that those in the know don't get charged with insider trading as they load up.
This is just the initial stages of the run up. CEO was savvy enough to find himself in charge of a public company, and savvy enough to load up more shares near the bottom tick less than a month ago. He will be savvy enough to create some big news over the next 30 to 60 days as he waits to ring the register at well over a penny, and heads off into retirement. No way he tweets about 8k that never comes. He has a plan, and that plan calls for a much higher stock price of at least 10 times the current price...which would be 1.6 cents. The painted close Friday at .0016 instead of .0018 is actually great, because when it heads up Monday the percentage increase will be that much more, and that will help attract new speculators.
Wake up....
If it is meant to be, you will not be able to stop Bigfoot BGFT once it gets rolling this week. It could go up 20 times in short order. It could also leak lower, but I don't believe the run has even started yet....just maneuvering before the first big run right now. Last Monday was actually the first leg of maneuvering.
The potential for another FRZT is certainly there. I watched FRZT go up 65 times in just two weeks last year.
Jun 12 2017 0.013 0.0055 +73.33% 0.0065 0.0135 486,487,379
Jun 09 2017 0.0075 0.0037 +97.37% 0.004 0.0077 405,899,947
Jun 08 2017 0.0038 0.0015 +65.22% 0.0026 0.0088 933,875,385
Jun 07 2017
0.0023 0.00195 +557.14% 0.00035 0.003 939,586,978
Jun 06 2017
0.00035 0.00005 +16.67% 0.0002 0.0004 119,520,468
Jun 05 2017 0.0002999 0.0002999 0.0001
+50.00%
0.0002 0.0002999 40,840,000
Jun 02 2017 0
0.0002 0.00 +0.00% 0.0001 0.0002999 29,660,000
The 8k and Tweets don't really matter much. Of course, the CEO must come with the 8k Monday or Tuesday to maintain credibility, but the reality is if we are in the initial stages of a huge summer pump and run up, then the CEOs friends and family are probably loading up, as well, so maybe he will wait a day or two to get the party started.
What I am saying is if the float gets locked up this week, and there are big plans for the rest of the summer, then nothing will hold it back. It will likely go up 10 to 20 times from here. It looks like we are in the early stages of a retirement party for BGFT insiders, so they will need to really bring the good news so that they can ring the register when hundreds of millions of shares are trading daily at 1, 2, or 3 cents.
You gotta think that we are aligned with those looking to retire, so however they want to go about it is fine with me. There won't be a crash here unless a week goes buy with no 8k or no other tweets from the CEO. I have a feeling that the CEOs associates are trying to load up, too. No way they are just sitting around watching the accumulation without getting in themselves. If this pump is done correctly, everyone who owns shares now can make a 10 bagger.
If the company and CEO do this right, the price can get to 1, 2, and possibly 3 cents by September. Releasing the 8k no later than Tuesday will establish reasonable credibility. If insiders hold onto shares, and really go for the kill before selling...i.e....wait for at least 1.5 cents, then the float can get locked up with friends and family buying, as well as IHubbers, and those chasing a higher price.
Then, all they need to do is announce some good or potential good news, and you might create a situation where lots of people can ring the register at a price at least 10 times higher than here.
Those who already have shares are in pretty early, as we have yet to see the first really big price increase. Last Tuesday was a start, but not the type of ridiculous move that creates risk to holders.
If you just look at the trading of the last 5 sessions, you can see that it is just inching up before the first of hopefully many blowout moves up. Glance at the highs and lows of last week. What are the chances that .002 is the high of this run? Close to zero.It is likely that this becomes at least a 10 bagger from .0005, which puts us at .005, which is a little more than a triple from here....and that probably happens within the next 10 trading sessions.
These things have lives and minds of their own. There is no way to know if you are about to make 10 times your money or lose 90 percent. Arguments and words are meaningless.
This is as good of an opportunity as any, because you haven't had a huge manic run up yet. If BGFT can get rolling and attract some attention, lots of people will fear missing out on Higher prices, and that is when you can hit the blow off hyper rally that will bring higher and higher prices, as well as higher and higher risk to those who buy or hold shares after the price has skyrocketed.
Looks like we are in the early stages here, and the
Potential for a 10 bagger from here is very real. In 60 days you can look back and hindsight will be 20/20. This is the type of IHUB stock that can create a windfall for those who are willing to take a shot.
If the CEO delivers on the 8k, then that will bring credibility, then I suspect that he will then tweet about some potential deal, possibly being cryptic and vague, so as not to get in trouble, but this could create further gains.
It needs to roll to half a cent in the next two weeks, then it can make that power move to maybe 2 or 3 cents.
Lucked into this one today. Noticed it was up 100 percent on the list at the right when you log into IHUB. It usually shows fairly high market cap stocks....not the hot list.
So, I saw that it had a high of 1.63 but was about 1.35. Did a quick read of the PR and when I noticed that the new investor was getting shares, and that activist hedge funds had brought a guy from Morgan Stanley to be on the board, I figured I'd take a shot. Love the fact that it was at an all time low just one day before I bought, and since this news came after a Holiday, and tomorrow is Friday, this should blast over 4 tomorrow/Friday, and I wouldn't be surprised at 10 next week. This has all the makings of a monster run.
They held it down for a few hours today before the lid blew off. Every new thing I read about makes me feel better. This could be the rocket ship, and I believe it might get really crazy tomorrow. This could be a back to back 200 percent move, and that means 6 bucks.
I will be disappointed with anything less than a 3.50 close Friday. It has to be 5 or higher no later than Monday unless I am missing something. This has all the makings of 10 dollars or more, and soon.
7th straight day of higher lows. This has a chance at a big spike. Could go either way, but if some buying pressure comes in it should fly fast. Hopefully some people shorted at 7 and 8. When they lock in profits we should roll, and that will attract new buyers.
Could go either way, but today is good so far. The next big move is important...don't want to be in the 4's. If it stabilizes over 5 that might set the stage for a move up.
Insiders own most of the shares, so with few shares out, and heavy buying or selling really moves the price. I will admit that I have no idea how multiples of the float can change hands daily. I guess if someone buy and sells to themselves you can create action that way.
Something is up here. It could be good news and it could be something fishy. But whatever it is, it is creating some big swings and it moves faster to the upside more than it does the downside...at least for this week.
As long as it doesn't take a devasting drop, then it likely has a few manic moves left. I don't see too many pumpers. I bought at 5.60, rode down to low 4's yesterday, then up to 8, then down to low 5's, then up to 7, and now down below 5. I've had a few chances to make a nice profit, but am waiting for a bigger blowout run.
As long as the volume doesn't disappear the rollercoaster should continue, and one of those moves up might really attract the herd.
Better yet would be good official news.
A few positives are that this has traded over 6 about 80 percent of the time this week. It was making a huge move Tuesday but got slowed down by numerous trading halts. Also, four days in a row of higher lows. And finally, the last three hours of trading today was essentially no trading. Those who bought the spikes mostly bailed if they were inclined to do so, and today a number of runners pulled back when the Dow reversed and went negative.
It could go to under 4 or over 8....no clue. There is hope for longs as it seems the buying comes fast and hard out of nowhere. So, it can be negative, or real quiet, and then the machines are turned loose.
If you own shares at 4.80, you still have a chance at a double. Without that trading halt at 8 and change Tuesday, it was likely going over 10. The people who run the machines are probably plotting a way to make the big move so as not to result in a halt. They probably want to unload at over 10.
Who is the resident expert who can explain how a stock can trade multiples of its float if the insiders don't sell? Can the market makers really just create shares and volume out of thin air?
It is the one thing that mystifies me. Where do these shares come from?
What's the deal here? Not a lot of pumpers or bashers for something so crazy. Looks like tens of millions of dollars worth churned at over 5 dollars.
Anybody know the deal? Looks like a total gamble...could go to 10 or drop to 3.
15 million shares traded at between 10 and 18 cents from midday Wednesday through Friday. Pretty strong for a stock that started the week at 3 cents. What is also strong is that insiders own 36.8 percent of the shares.
BSRC should roll this week. It went from 3 cents to 17.5 cents in just over one trading day. It has leaked just a bit, but it is mostly market makers taking advantage of those who bought the highs and bailed out. This news is worth at least a 10 bagger from a start of 3 cents, so 30 cents happens this week or next, and when that happens there will be a legit chance at a crazy move to 50 cents or more. Most of the shares are held by those with strong hands. The churning Thursday and Friday was exactly what the Doctor ordered.
If Monday starts off with a bit of buying pressure, the price will eclipse last week's highs by the end of Tuesday.
Thought about this some more. Shares are going way higher. No way BioSolar goes under soon, and any money needed should come at a fair price, or simply advanced from Ferroglobe.
Instead of hoping for 15 cents Monday, I just may have to hope for 9 or 10 cents, and then load up more. That was the price that I originally tried to buy at. We are one PR away from 20 cents or more, and unless they cheat the shareholders with some extremely low offering, we should head higher. If the only thing you knew was that Ferroglobe announced a deal with BioSolar, and you knew nothing about BioSolars value, you would put the value way over 6 million, which is what 11 cents equals. At 33 cents the market cap would still be just 18 million. The trend is up and 20 cents could come at any moment. The Ferroglobe PR is just too strong to ignore.
http://investor.ferroglobe.com/news-releases/news-release-details/ferroglobe-signs-joint-development-agreement-biosolar-leading
For a stock that traded at 3 cents last week, it now has over 300,000 shares bidding at 10.4 cents and higher. And there are only 15,000 shares available under 13.5 cents. That is how it looks now. If they want it to move higher Monday it will be pretty easy, and that could attract some new buyers, as well.
If no dip below 10, this could make an easy and quick run to 14 or 15, and once that happens, people will jump in and push it to 20 by the end of the week...and possibly much higher.
Could be a big week. The next 2 cents is big....roll to 13 and will march higher....drop to 9 and it could get dicey. As of now, bids are lined up, but well see what the computers decide to do when the bell rings Monday.
Consider this. The shares recently traded under 2 cents. Last week, from mid Wednesday through Friday, every share that traded was over 10 cents. There was huge scary buying from mid Wednesday until the end of Wednesday, yet there hasn't been any crazy selling.
If I would have found out about this Tuesday, I would have paid between 3 and 6 cents, and would have never been at risk. I found out about it Wednesday when the shares were just under 10 cents, but could not get any shares until 12.5 cents...average is now 14.1 cents. Even with the buys at 14 cents, about 40 percent of the shares have traded over that price since then, including tons of shares at 16 and 17 cents. There has only been 5 hours of trading since mid day Wednesday where the shares traded below 14 cents.
Bottom line is that they signed a four year agreement with a billion dollar Nasdaq listed company. If the share price doubled you still have a market cap of just 11 million or so. There are worthless MJ companies that trade for hundreds of millions of dollars, with just a guy sitting in his underwear in Vegas putting out press releases.
BRSC has as good a chance as any to rocket. It went from 3 cents to over 17 cents from Tuesday until mid day Wednesday. Life isn't so easy that it would just go up every day. It has held on pretty well, and if it starts heading up again Monday or Tuesday, it could rocket above 20 cents in a few hours. There is a reasonable chance that strong hands own most of the shares. BSRC could go to 50 cents with another positive PR next week. We're in good shape here.
I bought yesterday at 14.1 average. Churned all day today. No wild swings which might be good for tomorrow. I'm in the plus, but essentially dead even...call it 14 cent average.
Reminder for newbies. Shares were hard to come by today. A number of people have reported having to raise their bids significantly today in order to buy just a few thousand dollars worth of shares (myself included).
CEO and insiders own just under 40 percent. They just announced a deal with a multi billion dollar company, and their new partner thinks so highly about the partnership that they put out their own press release and posted on their website.
http://investor.ferroglobe.com
Worse companies than this have gone up 10, 20, or even 100 times here at IHUB. There was an article today in the Los Angeles Business Journal that also mentioned the patented technology. I posted the link earlier. Legit publication that probably attracted deep pocketed investors, as well.
http://labusinessjournal.com/news/2018/jun/20/silicon-beach-report-june-20-biosolar-expands-spai/
Here is the home page....top business journal and wealthy readership.
http://labusinessjournal.com
This will close above 50 cents before it ever closes below 10 cents again. One dollar and more could be in the cards. Those bids today were real, If you combine that type of buying pressure tomorrow with those who fear missing out on huge gains, then it is almost certain that in the first hour of trading shares will hit 25 to 35 cents. After that, it will either dip a bit, churn a bit, or motor on to 50 cents.
I don't believe anyone will be able to get significant shares under 20 cents, even if you buy at the opening bell. The computers and algorythms will shut your arse out and force you to keep raising your bid while in panic mode as you watch the price scream higher.
I'm suggesting that all Hell will be breaking loose within one minute of opening bell.
Wow! LA Business Journal. Legit. Heavy hitters buying this.
http://labusinessjournal.com/news/2018/jun/20/silicon-beach-report-june-20-biosolar-expands-spai/
w
This could explain the stunning bids. Probably some big rockets read this article today and tried to load up. Not sure what time of day the article was released, but it was today and Los Angeles has some of the wealthiest business people in the world who read this news every day.
The article mentions BioSolars patented technology. Wow.
I was panic buying from 12.5 to 15.5 cents, and was lucky to get that. Of course, I had to bite the bullet since my buy order didn't go through at 10.2 cents. But I got the job done and might end up better off because I was only planning on buying 3.4k if the prices didn't explode, but now have over 10k and am going to hold for a month to see if I can finally land on a miracle runner.
I have seen such garbage go up 50 to 100 times, that I feel that something as legit as this can surely hit 1 to 2 dollars soon. This is where I am taking my shot. I have a feeling this could be a great story. That buying pressure today was serious business and I expect 30 cents or higher tomorrow, and then next week could be the miracle week.
Warning to those on the sidelines waiting to buy. I first tried buying 3.4k worth today at 10.2 when the bid was 9.3 cents and the ask was 9.9 cents. They would not give me shares, so I had to pay 12.5 cents on the first round. Then I tried to buy 2k worth at 13, but couldn't get them until 14 cents. My final buy was 15.4 cents...77,300 shares at 14.1 average.
If you are planning to buy tomorrow you better get all you can under 20 cents during the first minute, as it is heading to 50 cents. I used to not be able to buy unless I bought near all time lows, but I have learned that I don't have to time things perfectly to make multiples. I missed out on OWCP at 20 cents because I couldn't live with the idea that others got it lots lower. Two weeks later it went to 4 dollars.
I bought today the first time based on price and buying pressure alone. After I bought the first round I did my research, then I bought the rest. I am taking a stand here and am looking for multi dollars by August. I would be shocked if BSRC doesn't trade at 25 cents within the first hour tomorrow. The bids were unreal all day, and people will be panicking to buy tomorrow as terror races through their veins as they FEAR MISSING OUT. It will be FOMO like you won't believe all day tomorrow. So glad I got a good amount at 14, even though I tried to buy at 10.
Not much could have changed from the original deals at 10 to 12 dollars, much of which was just months ago. They are just starting their plan, so it looks like the 3.7 million was just a money grab that was probably planned all along.
If they convert the debt at a fair price, announce the name change, and come with some decent PRs, the price should fly no matter what. Insiders have retail experience in Canada, and management has experience in Latin America.
Once they line up their ducks and all have loaded up on shares, it should be pretty easy to create a much higher share price, as 90 percent of the float will be held by insiders. If they sit tight and don't sell, they can get to 20 dollars per share this year if things go decent. It is obvious that they manipulated the price lower to do the deal at 3.14. So, that greed and manipulation can be to the upside now that they have stolen the shares cheap.
4th green day in a row. I did not think that they would issue themselves shares so cheap, but in some ways it may be a good sign. To show that audacious greed might mean that they know big news is coming and will bring a much higher price. Let's see what price they convert the Cooltech debt at, and see what type of pump PR push comes with the new name change.
Lots of moving parts here. If insiders and those getting shares cheap have a good plan, then the price should rocket once they are done enriching themselves with sweetheart deals. The 3.7 million money raise is only bad if that wasn't planned all along. When they convert this Cooltech debt and announce the new name, which will happen in the next few weeks, they can then pump it up with positive announcements. The price was manipulated down to do this recent deal, so a manipulation the other way seems likely once insiders are loaded up with as many shares as possible.
That's been the plan all along, fool. They are simply following the plan to get to 200 stores in three years. I assume you don't pay attention to what the stated plan has been....since day one.
Nothing negative has happened since the merger announcement last July, nor since recent equity deals, so it seems almost certain that the debt will be converted to equity in the 6 to 12 dollar range (probably 8 to 10), and any new equity raise will likely occur in that range.
Throw in the fact that a fresh new name change is imminent, as well as the fact that with Apple as their partner, you have a strong chance of attracting lots of buying interest when they make their PR push in the next 30 days, the outlook seems great. What they are doing is not dilution, as this has been the stated plan for 10 months, and they are following their plan. So, unless they are unethical and retire debt in the 3 to 5 dollar range, then it is almost certain that once they line up these final ducks before making their huge business plan push, that the price will blast over 10 dollars, as that was the dumbed down merger price, and everything has gone according to plan since then.
Should explode higher any day. This company has lots of people watching it, and once the price starts to move, we will see some serious herd like behavior, as the price gets pushed higher and higher.
This is a shockingly low price, considering everything is going as planned, and the merger, and recent deals were done at multiples of this price. Definitely a gift price.
Great report. Target of 200 Apple related stores within 36 months. This was already known if you read the One Click news items in 2017. Dropping low margin VeryKool makes sense, as it was obviously planned from 15 or more months ago, when merger discussions were heating up.
Expect more equity deals in the 8 to 12 dollar range. New name will allow for fresh start...I wonder if they will keep ticker symbol, or must they opt for totally new? Probably new, though IFON was a unique fit.
Everything proceeding as planned, so expect shares to rocket by end of this week. Price of merger was 40 to 50 cents pre split, and that means that 40 cents, the low range, equals 10 dollars per share.
There will be a high volume day this week, that will attract interest...probably by end of Tuesday you will get a huge volume push and higher price. Price per share doubles and triples within ten days.
Price can be over $10 by Friday. No matter what their numbers, the price will be double within two days of release. This is a high leverage spot, as it really cannot go lower. Blast off is imminent.
Prices get way out of whack. Take a look at the price of SMRT the last 6 months. Take a look at SNES today. SMRT bottomed out like IFON is doing now, and SNES moved up on good news. So, mispricing can be dramatic.
You proved my point. You are the one who bought when the price was high, and I have bought when the price is low. If you would have bought when the price was under 50 cents in late 2014, you would have made 10 times your money within months.
Also, there have been three times since I bought in December 2016 where I could have sold at a large profit.
We just think differently. I buy after others throw in the towel, because that is how lows are created. All time lows this past week, and that includes the financial crisis. Reverse splits mean nothing. They did this deal without a reverse split. It actually will help attract institutions as this will eventually trade for 50 to 100 dollars if they have any success at all.
I'm done here. I think the current price will never be seen again once we get out of May. You will never see under 10 dollars again once it blasts over it.
Show me another opportunity out there that is down 97 percent from a few years ago that is a better candidate to go up many multiples in a hurry. I think you will be shocked how high IFON trades once the business plan gets further along.
You don't seem to understand. I won't make another post until 20 dollars per share. That is a promise.
In order to get a low price when you buy, it is advisable to have others take the losses and feel the pain. That is why I never bought when it was 100 per share in 2014, nor did I buy when it was 50 dollars per share. Those who owned shares before me got decimated.
I'm in the driver's seat, here. Buying shares in companies for 97 percent off the highs will make you a killing when the tyde turns. By definition, the greatest buys have to be at low prices, and that means most who owned it before you thought it was a real POS.
Some of you people are not too bright. You probably like to buy houses during bubbles, as well. IFON isn't going any lower.
I don't want people to buy, as I want to buy more. I will just this....Take a look at the last ten years of the company. I look at the share price on a pre split basis. There have been two splits...current price is 13 cents.
The stock traded at over 4 dollars per share in 2014, and 2 to 3 dollars per share for a period of time after that. The founder and CEO, Joe Rahm owns a ton of shares, and until recently he made over 300k per year as CEO. He walked away from that salary and did this merger at a price of 40 to 50 cents, split adjusted. They just recently completed the merger.
I though the merger price was a bit of a lowball, but if you assume the price was fair, you still need to understand that those putting up money at that price are doing so with the expectation of making a nice multiple on their money. And they have more info than us.
And they haven't even started reporting yet. There are enough moving parts here that a tremendous opportunity is staring everyone in the face, but most believe that stock prices tell the whole story. If you look at the history of companies whose share prices have increased 10 and 20 fold, you will find that at the bottom, it looks a certain way.
If you took a trip 45 days ago when the price was 8 or 9 dollars, and you didn't check the price at all, and you called me up today and I told you that the price was 12 dollars, it would make sense, and you would probably be disappointed it wasn't higher.
The share price was 100 dollars in 2014, and it is 3.45 now...that equals 4 dollars if there never was a split, which means 13 cents now. 13 cents makes it the best deal I have seen in years. It may have been overvalued a bit then, but we are at the other extreme now. When this turns, you won't believe how fast it happens. It can even turn higher if their report looks bad. This price is not real in any shape or form. If someone tried to buy 50k worth within an hour, it would trigger the computers.
I'm not looking to convince anyone of anything. But I will guarantee that when this moves up, probably next week, that many here will have regrets that they didn't load up now, and those same people will chase it higher and actually pay much higher prices once they feel the comfort of the crowd pushing it up.
I would be shocked if we don't see a wild spike to over 10 dollars by the end of next week.
I have 7,400 shares, which would be 185,000 if there never was a split. I have been accumulating since since December of 17 months ago. That is equivalent of about 1.3 percent of IFON last year, before the merger. These shares were worth over 700k in 2014, but are now worth under 30k. Do the same math for Joe Rahm, and he went from 20 million to under half a million. My average cost is 6 dollars per share, but it was 9 or 10 for about a year, until the last month or so, when I was able to buy in the low 4 range.
This is actually my best position, as I have more shares at a lower price, due to buying the recent dip.