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They signed the financing deal with Trim after that, right? I'm not sure Trim ever made any equity purchases, but I guess that would've been the deal that the convertible note holders could've renegotiated on. Trim pulled the plugged though, and now Skinny Inc had to settle with them in court. Skinny Inc got a good deal in the settlement with Trim, and I'm guessing that the bankruptcy final order would pretty much cancel and contracts regarding stock options in the post BK ticker. That should work out well for the O/S.
Up 25% today and heavy volume on the bid. Woohoo! If you need to dump $1500 worth of skinny at today's 25% increased price, now's your chance! Somehow, I doubt anyone will though! See you tomorrow! Go SKNYQ!
So if they never signed any future financing, the death spiral people never got to take advantage of 20% off any future placements. Feels like that would make it less likely to be diluted since
Here's hoping it doesn't end up worthless! Thanks for the feedback about my idea. Could you provide a little DD/info about that death spiral financing? Like the prices and number of shares printed and such? TIA.
It currently appears likely that the republicans will take the senate. This will cause a huge dynamic shift in government policy. The question is whether we get some sort of grand bargain type governance that Obama and Boehner discussed but the republicans balked at, or we get the Obama obstructionist veto against the republican congress. This grand bargain would be more palatable to the republicans this time around because they'd be negotiating from a stronger position. Obama might take it if it has a few things he wants and it helps keep him from looking like a lame duck.
If this elect actually results in any political action, we may have infrastructure projects and strategic metals bills and loosening of mining regulations and all kinds of goodies. Obama would trade the mining deregulation support for the infrastructure spending and give the republicans strategic metals as the kicker. All good moves for us. Just a thought.
Very possible. Expect a final order from the BK court sometime between now and December 20. The creditors will be barred by court order from suing SKNYQ, and by then they'll have been given shares in the corp, so they wouldn't want to sue anyway. Creditors are owed about $3 million, so if they were given 600 million shares in the BK settlement and the shell sold for .005, they'd be made whole and would have no reason to sue. That would be around a $7 million market cap, so it's not that unreasonable of a valuation. In this deal Skinny LLC would end up with a bankruptcy cleaned shell that could have as much as $48 million in tax NOLs, 1.4 billion shares of an easily marketable ticker in its treasury, and clear and unequivocal legal control of all things Skinny. Forgive my delayed answer to any inquiries about this post, as I'm currently limited to one post a day on this board. I will respond to any questions or comments tomorrow.
Good luck thinking small, buddy. The market doesn't usually give away doubles to retail. And when they do, there's often triples and even ten-baggers to be had beyond that double. Seems like an awful lot of time and risk to take, just to settle for a double. Go MNVN$$
FrankJab, I like your style. We'll both be swimming in cash if MNVN, ASKE, TAGG and SKNYQ all run. A whole pie at Lombardi's on me if they do!
Trading and L2 a little funny today. We may be in for a run! $$$ go MNVN!
Did you just see that too? 5900 on the bid goes through but the bid size didn't drop at all. Volume isn't huge yet and there aren't any big bids on the L2 at the moment, but that has to be a bullish sign.
It appears Skinny LLC has purchased the website Skinnydish.com for $2250. Here's the link:
http://domainnamewire.com/2014/10/01/20-end-user-domain-name/#sthash.2R5gftHn.dpbs
Wonder what new kind of business model they have in mind. They'll likely need to raise capital to put their plan into action. A corporate shell with its debt wiped clean and millions in tax loss assets might be the right place to go for that capital.
For the record, SKNYQ sold more than half a million shares that day at
.0014. That's about a 28% higher price than you cited.
Also for the record, there was no headline that said "Skinny Emerges from Bankruptcy" when you quoted such a headline as the excuse for the April price spike. Just getting the facts straightened out. Have a nice day! Go SKNYQ! $$
PS- that's me on the bid at .0004. Gimme your cheap shares please!!
For the record, SKNYQ traded nearly $15,000 in a single day two weeks ago.
Certainly not an abundance of shares available at .0004. You'll have to bid higher than that if you want any.
Did you catch that paint down as soon as trade resumed. 750 shares sold at .0004 even though the bid is for 500,000. That's not somebody trying to unload worthless shares. In fact, SKNYQ shares are very valuable. That's someone trying to make them look cheap.
A classic paintdown.
As a SEC filer MNVN maintains a shred of legitimacy and is therefore undervalued at .0001
The way I see it, if the most pessimistic guy on the board rates it a 5 out of 10, we're in pretty good shape.
Nice premarket trade this morning. We had some premarket trades before our last run, so this could be good news.
Let's grow some weed and make some cash!!!
$$$$$$
Only 2/3 of my order filled at .417 and I hope we never see that price available again. Closing in on the highest volume day in 5 months.
Get 'me while they're cheap.
Picked up a few at .417
Too cheap to pass up.
Indeed, it will do no good to sincere investors to worry themselves with unknown-unknowns. We should stick to known-unknowns. Aimless sentiments like "something must be wrong" never got no gosh darn mine dug.
Volume is still pretty low. I expected this to hit .45 before running, so I won't be pushing the panic button any time soon.
Another dump this morning. $30 share sale brings it down to .0004. Who sells only 76,000 shares for a $10 commission fee when there's over 600,000 shares on the bid at .0004?
Doesn't make any sense. I'm a buyer because I think something is up.
Word.
Having been around for the first 15¢ offering, the 12.5¢ offering, another 15¢ offering, and finally last winter's 20¢ offering, I can say that I wouldn't be too displeased to have to raise a few ducats at 50¢/share. We have the opportunity to raise more money than we have ever raised before, while ceding fewer shares and a smaller proportion of the company than previous placements.
With that money we ought to be able to get a feasibility study put together. And if my understanding about the potential of this resource is correct, the FS ought to bring a lot of investors off the sidelines and do wonders for the stock price.
This is the most manipulated stock I have ever seen.
Just a minute ago I saw a bid for 300,000 shares at .0005 and the ask was still 10,000 shares at .0005
Stayed that way for a few minutes.
That's a sure fire sign of manipulation.
Good job MMs. Looks like you were able to walk this down with 10,000 share sells and set off somebody's stop-loss at .0004
We'll be back above .003 any day now.
Whether the pipeline goes to Texas or New Brunswick, Canada, it'll need to be lined with niobium alloys. I think the urgency of a pipeline plan has been slowed by the oil price decline and US production boom, but will eventually need to be made. Future demand for niobium looks pretty steady.
Volume is pretty low right now so Price fluctuations are possible, but I get the sense there'll be a lot of buyers if this thing ends up as low as .45, and even then I wouldn't expect more than a few thousand shares to be available at that price.
This is gonna be huge...
Sounds like you should be running a hedge fund
This is very similar to how trading looked after we jumped to .25 cents on the US side back in February. The attack lasted for about two months until we made a huge run. I'll bet this hits 1.60 over the next two months and settles in around 1.25 for a while.
Who said anything about hedge funds? You should really try focusing on the topics being discussed. Nice try confusing board readers so that they might not notice that ridiculous paint down manipulation yesterday. Too funny.
So you're saying it's not an actual paintdown, it's just someone trying to make it look like a paintdown, so that it will look like the stock is being manipulated downwards, thereby drawing the attention of buyers looking for stocks that are wrongfully being manipulated downward?
Well I'll go you one further, how about this: it's a 1000 share sale at the bid that's made to look like a fake paintdown so that people will believe that the all the paintdowns so far have been fake, meaning this stock hasn't really been manipulated downward and they should sell their shares now.
This would make it not a "real paintdown" or a "fake paintdown," but a "fake of a fake paintdown." Pretty deceptive. Ha! I beat you at your own game!
SKNYQ available again at a cheap price with an incredibly thin ask.
This quadrupled in price last week on huge volume, before returning to .0004 on super thin volume. It could easy run again this week.
Exit from bankruptcy draws imminently nearer and nearer.
SKNYQ available again at a cheap price with an incredibly thin ask.
This quadrupled in price last week on huge volume, before returning to .0004 on super thin volume. It could easy run again this week.
Exit from bankruptcy draws imminently nearer and nearer.
SKNYQ available again at a cheap price with an incredibly thin ask.
This quadrupled in price last week on huge volume before returning to .0004 on super thin volume. It could easy run again this week.
Exit from bankruptcy draw imminently nearer and nearer.
Did anyone see the only sale today? It was for 1000 shares. That's literally a 40 cent trade. Clearly a paintdown, as these manipulators take advantage of the low volume. Ask yourself this: if the there is a bid for 450,000 shares and a sale of 1000 shares comes in at that price, is there really any selling pressure?
Last week's price and volume spikes are proof that this stock has tremendous upside pressure, and that some naysayers are wrong about the stock's value.
It's not just the buyers from last week that aren't selling. No one I selling any shares below .001
This will run again soon
This stock has tended to drop to its support levels right before it pops on PP news. At least, This was the case with the previous two placements.