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What bad comes from an uplist to a major exchange? This is just a matter of thinking! There really is not a downside to this. Even with the IPO shares, after that since it will take RCAT out of any going concern issues, the stock valuation will be much higher. So even medium term this one looks great for so so many reasons we all know here. Just understand though that there are people RIGHT NOW WHO WANT SHARES AS LOW AS THEY CAN GET THEM FOR DIFFERENT REASONS! If you understand this then it gives a totally different view of the price actions and overall situation knowing shares can be created out of thin air for a short period of time to achieve this....
YUP, spot on. Guessing it will be even higher today. Like I said though, they can no longer play that game long term washing in new shorts and washing out old ones. We will see a launch and they will have to pay up driving the price even higher. It is inevitable. JMHO, and as you said people need to do their own DD. But I have seen this happen with other stocks.
REDCAT HOLDINGS APPROVED FOR NASDAQ UPLIST!
https://ih.advfn.com/stock-market/USOTC/red-cat-qb-RCAT/stock-news/84939719/certification-by-the-exchange-approving-securities
Awesome! Looks like a pattern.
Couple more days for shorts to try to salvage? Very possible. Level two looks very fakey.
NASDAQ
Was just thinking about this....
Obviously there have been many posts over the past six months about how involved Rotor Riot and FatShark are in the drone racing leagues. Considering that, something just dawned on me with that recently awarded patent for RCAT via Skypersonic. Ultimately, that patent and technology would be a HUGE benefit to indoor racing venues from very remote locations. IE, you could have people from all over the world competing, flying PHYSICAL drones in an indoor arena space, without physically being there. Never thought about that aspect before but does make some sense! And because it is a PHYSICAL drone, people may get seriously interested in this as a hobby and sport and paying for that fly time and competitions. Makes you wonder now, maybe the Drone Racing League may be a merger target? Considering how hobby flying is just about to be VERY restricted in the near future in the US, makes some sense there could be an explosion of demand for these types of alternatives. Kinda like an RC park where you are forced to fly there not just because it is cool to do races and courses. And, they could even have races with the drones being shipped to a location then inspected via zoom or something and have mechanics on hand if something needs replaced or is broken. Anyway, just thought I would throw that out there before I forgot about it! In a world of Covid and a future of drones making money off races could end up being a real thing! Kinda like NASCAR! I think that is ultimately what the DRL is shooting for...based on what I have seen in researching them....
I actually saw Thursday 4-29 posted on stockwits with a link to an ipo site. The other one was a screenshot with no link. Not sure but I’d go with the one with the link. Either way it’s very soon regardless of which one is right.
Shorts held that spike down good today so far. As you said do not see them being able to sustain it as volumes grow. That Has been the one surprising thing here over the last few months. Really shocked that we haven’t seen a lot of days in a half a million or more range at this point. This must still be off a lot of peoples radars at this point. and of course won’t last forever.
Look at COHG go! The 1st approved OMNI custodianship. Quite the chart. Looks like it hit .27 as a high today and was around a penny at the beginning of the year it appears. Hope something similar happens here!
The bones are picked pretty much clean down here at this price. Time to move up. No amount of games are gonna make people want to sell at this price when they now have the potential of breaking even higher up after all these years.....
You can see the shorts trying to hold it down. If they succeed today it will only be temporary. Not sure sometimes why those guys do that when the end result is an uplist and it’s inevitable. Desperation? Denial more than likely.
Mnmd is the new ticker. 1st day on NASDAQ. Looks juicy pre market already. Hopefully a harbinger of our future.
Guessing it will be a wild day as shorts try to cover or temporarily hold it down. Should be interesting to watch. Regardless the end result will eventually be It goes up significantly!
MMEDR last week. Go look at the chart. They did not have roughly 8.5m in float either. Think it was around 135m! 8.5 million should be our float roughly, unless Redcat already sold some of the shares to investment banks prior...which is very possible. But the chart gives you a good idea what will happen or much bigger. Let us hope...but from what I have seen it is very likely! Very good place to be for once in years here at RCAT!
Yes, that is this week! Crazy. So, things should move very quickly hopefully from here forward. Very exciting times for sure! And should get Skypersonic this week as well fully completed. All I can say is, spread the news!
I still stick by my around 100k based on the math post reverse split.
There was no sell off! Seen it before many times. Someone bigger who is trying to accumulate(OMNI, someone else?) sells their own shares to themselves making it look like a dump by placing a bid within the gap slightly above the real bid then hitting it with a chunk of shares within less then a second at the same time with selling shares to drop the price to the lowest part of the gap. If you look at the trading volume and sales, a very large percentage of the volume today was large sales that fit this bill. It is a game to try to make retail think there is a large dump and sell their REAL shares into it. Also benefits the stock by recording fake volume with only one entity really buying and selling most of it. When the naked numbers come out today I am guessing it will be significant because of this. See the trades here:
https://ih.advfn.com/stock-market/USOTC/turbine-aviation-pk-TURA/trades
It is all a high level game to take peoples shares knowing more then likely a stock is going to rise and has VERY little for sale. Did you miss at the end of the day there was 20k on the bid in the 280s? THERE IS A REASON FOR THAT! They were fishing for shares that the move described above shock loose....this happens on tons of stocks and have discussed this on many boards over the past few years as AI has been introduced that can do trades at lightening speeds. Need to be able to see it for what it is when you have stock in this situation IMHO. Of course, make your own decisions and do your own DD. GLTY.
Thus why I was saying it is an AI passing shares to suck real shares into the for sale category in the process. We are not going to see 20k volume that is real on a normal day without it spiking the price way way up or way way down. Problem is, there are no shares for the most part that people are willing to part with since after the 10000 to 1 reverse split many people are well under water until it hits much further up since were already in the tank when it split.
Most if not pretty much all of that volume was a slight of hand by whoever is accumulating. All of it was sold inbetween the gap of the bid and the ask. IMHO it was not a dump of any sort but rather was a large holder passing shares from one hand to another or short shares sold from one hand to another then immediately covered to make it seem like their was a dump to draw more REAL shares selling into this stock,...which...appears to be the situation since there were few shares last week. Have seen this done on many tickers before usually by AI and is super fast so retail can not react or grab shares. Of course, this is JMHO and could be wrong...but have seen these patterns many times over the past few years since AI has become front and center in the trading industry. Have seen trades being made in fractions of a second between two entities between the real gap...games games and more games...
Looks to me if....someone wants more shares....or any shares....it will have to go up since it appears there is not many if any people who want to sell anytime soon.
Looking forward to this week. Going to be a great one hopefully. GLTA!
Interesting.....
Well, if I remember the case when I read the proceedings, the engines were pretty much stored then vanished! Pretty crazy stuff for sure. Anyway, what were the specific charges against Victor to put him jail? Do you know? Was it fraud of some kind?
HAHAHA, ya....maybe why they are filing the custodial application? Really good question! How can a guy fight it easily without great expense FROM JAIL!
Also, IF we can shed those MONSTER bond holders due to statute of limitations on their debt then maybe we have a chance to really make something here. I bet those people are now wishing they had negotiated conversions on the bonds. I do not believe they did but could be wrong. Of course, OMNI will be looking into all of that if they get the go ahead on the 4th.....really impressed on how fast based on their twitter postings they are moving on COHG after getting approval. Guessing things will move quickly here as well....
100k it’s freaking really low!, Even COHGs 13 million is fairly low. But 100 K is micro low for a public company. And I’m guessing Victor still probably owns a chunk of it to since we’ve not seen any filings of sales.
Comparison Of Potential OMNI Custodial Approval Move
COHG Peak price of around .30 upon Custodial approval
13 million sharesX.3=3.9 million market cap
TURA Peak price after May 4th 2021 if approved?
3.9 million market cap/100k shares=$39 a share with similar market cap to COHG
Let us even just be conservative and say $20-25 a share that would put us at around a 2m-2.5m market cap which is reasonable for a shell. The computations look pretty darn good on this one due to the low OS!
Response From My Mod Contact About Breakout Board
"I believe it has to be at least 50 posts in the prior seven day period before qualifies for the breakout boards. And there also has to be a minimum number of posters. That prevents someone from taking dormant boards and running them up to appear on hot lists.
As new, higher activity rolls into the prior seven day period then it may qualify."
Well, obviously we have now easily gone over the 50 posts. Now, the minimum number of posters(she did not state how many) may be an issue. If anyone here can try to mention the stock a couple more places maybe we can make that work also? Should not be hard to get people to come and talk about it here by just posting a chart for the last week and of course some of the why it did that! Unless they do not like money.=-)
No kidding! Do not like that authorized with only around 100k estimated as the issued. But remember, there is still an aspect of whoever merges wanting a good share price. They are not going to drive it into the ground hopefully with a bunch of dilution! I REALLY stress, in really thinking and logically analyzing this after all these years, once this shell is clean it will be HIGHLY appealing to a potentially larger company that wants to go public. One, because of the small of amount of issued shares. And two, and most importantly, at the time of the merger I am guessing it will have a very good NON STINKY PINKY share price to go along with it. This share price is what will allow them to uplist fairly quickly with their original share structure if their financials are in order and everything else fits. It will also allow certain investment banks to buy shares as well just based on the price being over $5. Just me thinking out loud!LOL And as I always say, I am not an expert and could be way off! But it makes sense to me at least.
I doubt it. The OS is so small here there would be no benefit to them doing another reverse split anytime soon. If the authorized is the same they have up to 1 billion shares already to work with. Plus, the new companies equity along with the Custodian's equity will be tied into that and they have to gauge what they can sell into the market effectively as well. The reverse split victor did actually will protect us to some extent moving forward since they hopefully have no reason structurally to reverse split prior to a merger and our shares should be equal to any new shares equity wise. Of course, I am not an expert and everyone needs to do their own DD but that is my hunch.
Interesting also, of all the shells Omni is working on, most are defunct Chinese companies. Makes sense that people would be more apt to invest here instead of those considering it would be more difficult to collect any information on past debts against the shell, etc., if they were in a foreign country and potentially under foreign law. May drive this up much further because of that and the fact that most of the bond holders who had debts against this would be past the 6 year statute of limitations mentioned in the outline of Custodial shells. Anyway, looking like TURA may be a good bet for a win in the custodial shell game. Lets hope that is the case in the end when this is all said and done.
Super thin.
Good Post On ZHUD(Another Omni Custodianship) And How It Works
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163336464
Wow talk about thin on the ask. Crazy.
We already discussed both of those things.
Ya, my anus still hurts after all these years!LOL
One thing I will say I am surprised by is the fact that this is not listed on the breakout boards for increase in postings. Very strange...maybe fell through the cracks? Seriously has to have a couple hundred percent increase at the very least over the last seven days average for number of postings. Very strange it is not on there....
I do not remember them filing anything between going dark and now regarding issuing more unregistered shares. So, my total guestimate would be that is about accurate unless Victor messed with it behind the scenes over the years somehow. Obviously way back did dd on this one and seems to fit mathematically with the 950m outstanding with what I remember. Of course, could be wrong since I am not finding that number anywhere now or the current outstanding. But if I had to guess that would be my guess based on the available information unless someone finds something better. Hope that helps!