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Looks like we’ve got a bid at .001, which means all of your friends “got out” if they wanted to. I guess you’re probably the only one left....
$$$Go MNVN$$$
I’ve been seeing the same thing too. It looks like ensync settled with another creditor Windstax Energy last week. They were one of the few creditors who had a lawyer assigned to the case and it looks like they fought hard for their creditor claims. Hopefully settling with them was one of the big last steps.
Long and strong $ESNC$
I wonder if the outcome of the election will have any impact on this stock either short term or long term. Not trying to make any political value comments, just wondering how it might impact the stock. It would be logical to assume that any stocks related to clean energy would get at least a short term boost from a Biden win and democrats taking the senate, as it would suggest there will be heavy federal funding for clean energy. Whether the spending would be successful or have any direct impact on EnSync’s assets or potential reemergence is speculative, but the price could rise to reflect that possibility.
Either way I’m invested because I believe this company’s assets are worth more than its debts and the shares will retain some value. That doesn’t change no matter who’s president? Just a thought that crossed my mind.
News??
I saw that big bid you were talking about. Someone was looking to drop $24K on EnSync stock..pretty bullish indicator
I think we might be looking at the final shakedown before the big run. Looks like they’ve made a lot of progress in court the past two weeks.
20,000 shares could end up being worth a nice chunk of change if we get the news that we’re looking for.
No shares left below a penny!
It does seem like the rise in price from June to mid -August was driven by an uptick to moderate volume, and the price drop off since then has been on much lower volume. Nobody seems to be eager to offer any large number of shares for less than 1.5 cents.
They’re keeping the bid low so they can hopefully shake a few weak hands loose.
We haven’t had any court filings in nearly a month. Perhaps something will come soon.
If somehow Ensync resumed operations or merged with a partner and the market valuation was $6 million, then the stock would be worth 10 cents. Mind you, they had a book value near $15 million just last year.
There could also be a cash disbursement to shareholders, after they auction assets and sell IP. Even a $3 million disbursement would equal 5 cents per shareholder.
Escape hatch, huh? Well I’ve got to give you points for your creativity in that one.
To answer your question, yes, I recently purchased additional MNVN shares.
That’s not what I was trying to say.
To be clear to everyone else: jdwintx’s attempt to summarize what I was saying in my last post was inaccurate. What I am saying is there were BUYS at 1 and also at 2. It was almost ALL buys.
Sudden massive volume out of nowhere. It’s a BULLISH sign.
Yessir. Expect another much bigger run coming soon.
$$MNVN$$
It’s interesting to describe $120,000 worth of buys coming out of nowhere as a dump. You crack me up.
The price DOUBLED on volume in the BILLIONS just one month ago.
Perhaps you should pay closer attention.
Strange behavior on the L2 as well. Could be gearing up for another run!
I’ll do a little research on this one and let you know if there’s any chance at all the stock survives
Is this decision final? Any chance they’ve got an equity committee that can fight the decision?
I saw it hit 2.2 million on the bid for a little while. No shares left for sale below 1.5 cents though
I wonder what’s goin on...
Still playing this one? I think we’re getting pretty close to the end
It’s amazing that this company raised $2.7 million at 26 cents per share in a private placement just 6 months before they filed for chapter 128.
Some people with deep pockets still believed in Ensync and were willing to buy at 26 times what the shares are currently trading. According to filings, their book value after private placement closing was 16 cents per share. That means they had some valuable assets and also had their debts under control.
I can’t help but think there must be some value left in this company.
Have you noticed what’s been going on the past few months with this stock?
Up around 400% since May and holding steady.
Traded all the way down around $.003 for awhile with huge bid volume putting in a floor around $.0025. I frequently saw a 5,000,000 share bid providing support down there.
Right around May the last of three lawyers for SPI Solar withdrew from the case. Could be significant. The judge appears to have approved their objections to claims and allowed them to begin making disbursements. It appears they’ve also auction off some assets. (Maybe ppa contracts, maybe IP, who knows?)
Any thoughts on the action since you last gave it some attention? The might be ready to exit chapter 128 (not bankruptcy) and resume business. Could be ready for a nice run.
It’s impressive to hear that you currently hold more than 100 million shares of this stock. You must have really believed there was some value here at some point. And now you don’t. How did you get it so wrong at first? Are you sure you aren’t wrong again? Could be another very expensive mistake.
Best of luck and I hope you reconsider MNVN
Exactly! Any news and the price could jump significantly. The price only has to make it to .001 for it to be a 1000% gainer!!
I’m looking to add a few .0001s this week before there aren’t any more left
$$MNVN$$
It seems to me a couple investors in here are more interested in me than the stock.
For the rest of you, please note that there was a bid for more than 120 million shares at .0001 just three weeks ago.
Major bullish signal!
Advice: BUY
The ask only showed 11 million on Friday. All that heavy volume we had this past month (1.1 billion shares!!) has cleared out the big blocks of 1s available. None left!!
We’ll be back in the 2s and way higher soon.
$$MNVN$$
*Yawn*
I’m not convinced.
This one is a very intriguing play, folks! Don’t give away your shares at these cheap prices.
In fact, those last few shares available at $.0001 are a good buy for anybody with some extra money that is comfortable investing in a high risk/HUGE REWARD play.
I’m locked and loaded and ready for a nice little run.
$$$Go MNVN$$$
I’m pretty sure I know quite a bit more than you do on the subject. You see, I was once a licensed Series 7 General Securities Representative Registered with Finra and the SEC.
I’ve learned long ago about things like block trading, limits, AON, stop-loss and I’ve mastered them all. And from what I know the way you describe trading doesn’t make any sense.
But go on typing a bunch of meaningless stuff to try and confuse people though. Very convincing.
This stock must really be worth something if you’re working this hard to keep the price down.
STRONG BUY SIGNAL!!!
$$$MNVN$$$
I never said anyone who put their shares for sale at .0001 would automatically sell them. I simply pointed out that at one point there was a bid to buy about 130 million shares at .0001 a couple weeks ago. That means would mean you can’t possibly be telling the truth when you say you’ve been trying to unload at .0001 and “couldn’t sell your AON shares”. Also, there are currently about 50 million non-AON shares available on the ask at .0001, which would make you WRONG again.
You must find trading very confusing with such little understanding of how the market works.
Nice try though ;)
There are often strange market signals related to small volume trades, like those 1 share trades at .00001
I am encouraged by the relatively small number of shares available on the ask at .0001 — looks mostly like a few small retail traders giving up on a quick flip trade because this didn’t go on a run right away like they’d hoped
Still encouraged by the 200 million shares bought at .0002 a couple weeks ago
Hold tight!
$$$$MNVN$$$$
I have been surprised at how little volume it has taken for this stock to rise in price. Some buyers have emerged, but I think the bigger story is that the ask keeps rising as the sellers disappear.
We’ll need some news to get volume commensurate with the float.
Just a little patience
Not sure what’s most accurate. Yahoo finance says the float is 62.5 million
https://finance.yahoo.com/quote/ESNC/key-statistics/
By the way, thanks for the heads up on that biotech. I’m watching closely. Always want to get in early before the crowd
The window to get in on Ensync before it’s back above 10 cents might be closing pretty soon...
I think there are about 68 million shares, and the float is somewhere between 48 and 62 million.
This could move real quick of volume picks up
According to court filings from Monday the judge approved EnSync’s objections to claims and also approved EnSync’s motion to allow claims. The details are limited, but it sounds like the judge is giving them a break on some of their unsecured debts.
It also looks like they’ve auctioned off some assets (PPA contracts, intellectual property, etc), so they might be in a position to re-emerge or perhaps be part of a merger or at least have a cash disbursement for equity holders.
We shall see
https://wcca.wicourts.gov/caseDetail.html?caseNo=2019CV000556&countyNo=67&index=0
Agreed
I think we might be taking the next leg up soon!
Good news in court and an uptrend in the bid and ask.
$$Go ESNC$$
Looks like your up about 33% in one week. Not bad!
There were some interesting court filings on Monday. It looks like the judge approved EnSync’s objections to claims. I think this means the court process is coming to an end soon, and it was helpful to our company. Hopefully shareholders will receive a cash disbursement, shares in a new company, or EnSync could even resume operations.
Any of that would cause the stock to go on a huge run!!
$$Go EnSync$$
200,000,000 shares sold at $.0002 on August 11th. That’s $40,000 sold at .0002 just one day last week!
That’s a pretty strong indicator that there’s some value left in this stock.
$MNVN$
A little over $40,000 at .002 that I saw.
Your estimate was a little off!
$$MNVN$$