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They have to stay at 1.00 or above. If they fall below that for a certain number of days then they get delisted. Not sure how many days that is because this already was below a dollar when the 65 million dollar fundraising took place. Personally, I don't think the company wants to get delisted. I believe they WILL R/S IF they have to so they can stay on NASDAQ.
It will after they R/S which they will have to do to stay on NASDAQ IMO.
That's what it should do according to the last funding effort. We'll see. I kinda like the company. They seem to be making good progress with their batteries and EV's but this fundraising effort is going to hurt IMO.
WHEN has a tripling of the A/S in an effort to raise 275 MILLION dollars EVER boded well for shareholders? We all saw what happened to the PPS when they raised the 65 million. IT TANKED!!! Now I can't say for sure what's going to happen here but it doesn't look good IMO.
Wow. Is it the end of the day already? Maybe 6 dollars by the end of the day.
Volume gone. Clearly the group that ran this up is gone. Question is will they come back? Looking like 7 dollars by the end of the day if the trend continues.
Not the lawsuits that I'd be worried about. It's the more than tripling of the A/S to raise 275 million dollars. Remember what happend to the PPS when they raised the 65 million? It tanked.
There's already news from attorney's looking into this on the OTC market website. I was wondering when the exchange was and you mentioned October. I'm not exactly sure how this works. Is there a set date where if you're holding Redbox shares you will be stuck in the exchange? I may still try and flip some shares here as I did pretty good today. I wouldn't expect this to just tank down to .63 cents. People will still trade this to try and recoup some losses but I would expect it to gradually go down. October is quite aways away. Just want to make sure I don't get stuck here.
I took my losses on that one. On the sidelines for now. I don't see how it could be a fraud but there are a lot of posts about it being a scam and the possible lawsuit isn't helping though I don't see a case imo.
Wow. I'm just a small part time player. I've seen you around but I usually don't post much. Nothing but respect for you. Did not see this coming. I would assume after the exchange CSSE stock might take a plunge also and if that happens it's going to be even worse than what the exchane is set at now.
There aren't going to be any Redbox shares when this is done. You will get .087 shares of CSSE for every 1 share of Redbox. That's the equivelent of getting .63 cents per share at CSSE's stock price of 7.30 cents. So basically you'll get about 87 shares of CSSE stock for every 1000 shares of Redbox stock. So if you paid 3 bucks a share for 1000 shares of Redbox that's 3000.00. Your 87 shares of CSSE you will get is worth 635.00 at 7.30 per share. That's if you hold onto this stock until it's exchanged. Until then Redbox stock will trade at whatever the market trades at. There's lot's of folks who are down bigtime here and will try to flip this to make some money back. It's going to bounce around like it has today but I know I wouldn't want to be left holding this when the exchange takes place.
Yepper. Thanks again for the explanation. I did mange to make a few trades here today for the better. Lost bigly in the MUL stock but came out ahead overall.
Thanks. I see where I was blowin it. I was figuring .87 shares not .087. Big differerence.
"Redbox holders will receive only 0.087 of a share of class A common stock of CSS Entertainment per Redbox share." I'm kinda new at this. What am I missing? I don't see where anyone is offering a price per Redbox share. The way I read it is Redbox shares will be exchanged for CSS shares at a little less than 1 for 1 shares ratio. (1 Redbox share for .087 CSSE shares) Since CSSE shares are trading around 7 bucks per share wouldn't we be ahead of the game at the current PPS? Right now as the PPS sits a break even exchange would be about .049 ish. I would get .087 of a share worth 7 bucks for 1 share that I paid 3 bucks for. I'm not a mathamagian but seems .087 of a share at 7 bucks is worth more than 1 share at 3 bucks. Or am I completely blowin it?
Just go with it. He's on a roll. LOL
Looks like we may get some news along with the fins.
No volume because they keep putting out long winded fluff news IMO.
Company needs to start putting out REAL news. They talk about how much business they're getting because of the war and oil prices yet no contract specifics?? What exactly did they sell if anything???
Looks like game day. Down over a penny already. Who would sell here when there was a half a million share bid at .135 at the close yesterday? This makes no sense.
Wow. My mistake. The year didn't sink in. So Kim acquired debt over a year ago and hasn't collected squat or sold the debt to some other collection company in all this time? How is this a good thing?
The company bought almost 20 million in debt back in October. They've had one full quarter to make some money on it. If there's no revenue in the next fins then I'd have to say the business and company is crap. We'll see.
The trend is that this is going to tank in the last hour back into the .11's. Tomorrow it will tank to around .10.
That's part of the problem here. They are lying. They know damn well what the share structure is. On the OTC site they say the float is around 342 million UPDATED 11/11/21 but in the financials the float is around 936 million on 09/30/21. So they're saying the float dropped around 600 million??? So they lie about the share structure then what else are they lying about? I call BS on this whole company. Probably a scam.
Wow. That seller 400000 share seller left a ton of money on the table!!
I don't want people to think there's something wrong with the company and blame the PPS on that. Company is great. Just an unfortunate situation with the restricted shares. Or it could be fortunate that we can grab a lot more shares at this price. It will go back up big time imo.
You can't calculate the unsold portion because the company doesn't update the share structure. All we can do is guesstimate how many there were. I looked at the fins. The number of shares in the float 936,597,366. The O/S is 1,143,530,699. So a little over 200 million must be issued but restricted. That's just guessing because those fins ended in September and the share structure hasn't been updated. Today's close was pretty decent. No smack down. We could be getting through with those shares. These restricted shares have been dumping for quite a while imo. Probably back when this was in the .30's-.40's. Oh and I almost forgot that there's 40 million shares that's supposed to come off the O/S so it's a little less than 200 million. We also don't know if ALL the restricted shares are selling either. Maybe only some of them.
They said at the shareholder meeting that it was restricted shares becoming unrestricted. They even estimated we probably would have 2 more weeks of this. No dilution.
Hard to compete with so many shares being dumped but when this is over I think it will bounce back up pretty good.
This isn't about charts or moving averages. Restricted shares became unrestricted and they are being dumped. As near as I can tell there were about 200 million restricted shares. The only thing that needs to be determined is how many are left and when the dumping will end. It's anybody's guess.
Restricted shares have become unrestricted. That's who's dumping. They said so at the shareholder meeting. No telling how many they have or what price they got them at.
Ok. Thanks. Guess I missed that. I thought we had to email them for the venue but not for online access. I was expecting a tweet.
When did they give us the link? Did you watch the shareholder meeting?
Did I miss something? I thought they were supposed to give us a link so we could see the shareholder meeting online?? Did they even have the shareholder meeting?
I don't mind the tweets but they need to stop tweeting the details of the deals. This is old news. We already knew about this deal.
ILUS International Inc
@OTC_ILUS
·
Jan 14
$ILUS - We have received confirmation from our next acquisition that the signed completion documents can be expected soon. This and more to be announced through the wires next week
ILUS International Inc
@OTC_ILUS
·
Jan 6
Some of the announcements will be the achievement of known milestones & some are new & exciting achievements which we have been working on behind the scenes to complete.
Multiple pieces of news due out. Some stuff we haven't heard anything about.
No problemo. Glad I could help.
Interesting but I don't know squat about cryptocurrency. I don't understand it one bit. I'm not sure how to figure out if the company is making money and how much they're making if they are.
I didn't even know they tweeted anything. I guess that explains the end of the day action. The way this stock has been trading lately I just thought the end of the day bonkers trading was normal.