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Todays news is good! Should be a good day for ABCE!
I believe they were originally going to raise the AS for the financing deal, but that didn't end up happening, so they likely don't need the raise in AS.
You have missed many runs in between conversions. EXOL should be at a higher pps even with all of the newly issued shares. After this quarter, EXOL should cross over into being profitable.
And yes I agree that the issuance of shares needs to stop.
IMO, it is not just retail. There is a lot of low volume manipulation going on right now (and essentially since the beginning of the year). Because of the recent dilution, investor confidence has been lowered, and shorts or groups (and likely note holders) are taking advantage of it. After an issuance of shares, they are able to drive the pps down lower on low volume, and then they load of cheaper (or the shorts don't need to cover).
Exactly. I would like to know why the 8ks (stating issued shares) started happening regularly about 6-8 months ago.
Before that, this was not the case. If you look at the filings you will see this, and if you look at some of the previous 8ks, you will see that they are not about the issuance of shares, they are about something positive. It is only since the end of last year that shares started to be issued. And they are seemingly for notes that aren't due for quite a while.
Is there something that EXOL is gearing up for? Did management make some sort of decision to clear debt no matter what? An update, or more details from investors relations would be extremely helpful.
EXOL's pps should not be at these levels. Even with the recent continued issuance of shares.
An update would be nice.
Also, would be nice if it were easy to talk to their investor relations. I still have been unable to make contact by email.
EXOL?
What are you talking about? There has been less than 60k shares traded today, and it was a buy at the ask. There has been absolutely NO dumping today.
I see they are already convertible. So I suppose it is in the hands of the note holder. Just not sure why the note holder is suddenly converting this note. It's a marketing company, not a typical penny stock financier.
In the most recent 8ks they have specified:
Here is the original info about the note that EXOL is apparently currently paying off:
According to the 10Q. The conversion price for all current notes is 50% of the lowest price in the previous 20 days I believe.
Ideally we get rid of this note and slow the shorters so that we can reset our base in 0.006-0.007 range. Then when we get the news about increased revenues (again) we should be able to touch 0.02. I see no reason why EXOL couldn't easily be back in the 0.01-0.02 range.
Yes I hope the bottom stays where it is. Maybe we get news soon. EXOL
This is exactly the situation EXOL was in a few months ago. Looked fairly bleak but mid to high 0.002s were as low as it went.
Yup. I'll say it again. You don't stack shares at the same pps as VNDM if your intent is to sell them. You only do this if you want to hold the pps down.
Our big problem with EXOL is we have some notes converting, CDEL shorting, and ETRF trying to load up on lower bids. We need a catalyst that will screw the shorters. That will be the first step.
CDEL is short again.
Looks like bottom.
EXOL
I expect to see another 8k in the coming days. Likely there was another tranche of shares. As usual, the amount shouldn't be too high, so hopefully we get through them soon.
EXOL will have its day.
Exactly. Not always true, but in our situation I almost hope for the t trade to be as large as possible (as long as it is at a pps somewhere in the middle of the daily range). This way more of the note has been absorbed and we can move up sooner.
EXOL won't stay down at these levels for too much longer.
It's Tuesday. It's the beginning of the week. EXOL has normally had a 'difficult' day after a large volume day. Then it resets itself.
There is plenty of time left in the week for something to happen. If you are already discounting EXOL for the rest of the week, then you haven't been around long enough to know how it trades.
(THE) is just part of the name. THE GREATER CANNABIS CO. Sometimes parentheses are used like that for formal names.
For what its worth, I still have not received my dividends yet (Questrade). I have contacted them again for the nth time, and am awaiting a reply.
EXOL did have a late start yesterday.
Break the 0.0045s and then should hopefully close in the 0.005s today.
Yes, you can imagine MAXM didn't buy $18k for no reason. And they are now down a decent amount, so I would expect to see our bottom become 0.005 fairly soon.
EXOL
Could be. Whatever it was, it sure stifled the run, and changed the direction. Hopefully the last 5 minutes brings us a flurry of buys, otherwise tomorrow we will have low volume and not much interest.
That was quite surprising. Would have been nice to keep MAXM active for a while. Was it a ballsy short that wiped it out?
Yes it is. If it closes near HOD, the run should continue tomorrow. If the run continues tomorrow, EXOL should run the whole week. And so far, this is without any news.
I agree that the brand is growing, and so are sales. But IMO there is some sort of other catalyst here today. MAXM on the bid is such a good sign for EXOL!
MAXM is on the bid. Haven't seen them active on EXOL since the massive run at the end of last year.
Something is different with EXOL today. Today is just the beginning!
L2 over the past few months has shown CDEL to be shorting EXOL. And it has worked for them so far. If we can force CDEL to cover, then I think they will be done with shorting EXOL. Then we can move even higher as we won't have to deal with CDEL's BS
EXOL #1 on breakout boards
+40%
Next big multi-day runner?
Most of trading volume has been done near the HOD rather than near the LOD
Maybe somebody tracked the debt payments, and sees that they are nearly paid off, or completely paid off.
In today's 8k, they gave more information than usual. They stated to which note the additional shares pertained to.
Go EXOL
Correction, penny of the week. EXOL should be a multi-day runner when it runs.
Yes, we will have to wait to see where these 4 MMs move, but it looks decent so far.
I'm telling you, we close in the 0.005s and then we will bring interest and gain momentum without any news. If we could get to 0.008s or so without news, then we will sky rocket into the 0.02s with news.
EXOL
Awesome. Looking forward to the other 500k going through.
Your buy could be the transition that EXOL needs.
Hopefully you are holding for big gains. GL
I can see a couple minute delay for the rest of the million, but there was something going on. I see you got filled!
Decent sized wall at 0.0034. 4 MMs and over a million shares.
Can we get past this wall today? EXOl
Each time an 8k has come out, most (or at least half) of the shares have been absorbed already. This time, since VNDM is still sitting at 0.01, it appears that all of the shares have already been absorbed. If we get some buying pressure, we will move up.
We need EXOL to close in the 0.005s one day, and that should be the turning point everybody is looking for.
Apparently a lot of new eyes on that video/product.
90 % of the time they are not good for the shareholder. I have seen a few where news is released afterwards, and then with the lower share count, the stock goes high.
Essentially the damage is typically done once the rs is announced as shareholders typically don't like the announcement of it.
I really can't say whether you should sell now or not. Depends on your entry price and your risk tolerance, etc... If you bought at 0.0001 and you can manage to sell at 0.0001 then it would be the easiest way to walk out. No gain, no loss.
Not definitely, but likely. Company wants to do an rs, but they still need to be allowed to do it by FINRA. Technically they could cancel their plans too.
The trading day before the split, CHIT will show up on the FINRA daily list (you can google this to find the website).
When EXOL was over 0.20 last year (before September 2016), there was no market established for EXOL. Look at the historical volume for each day. Essentially EXOL was not even traded then. Most days were zero volume up until October 2014. This is when EXOL began to be traded, and this is when you can start to consider the stock price for EXOL. Even then, you should give some time for which the market to have settled on the true starting pps of EXOL.
Nearly every time after a large volume day, we get low volume. Not sure why. Today was a good opportunity to continue the momentum. We are on the breakout boards, VNDM is sitting way up at 0.01. EXOL could be in the 0.005s today.