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IDK, if they were dumping then the price likely would have went down....it's been green like 5 straight days....
One thing I've learned in OTC land is there's a zillion things that could happen....it's all gambling down here.
I tend to agree w/ TenKay as he's been right too many times that I've seen but this could just as easily have been an oversight and it can skyrocket....there's just no tellin what it will do.
The warrants will have an initial per share exercise price of $3.443, subject to
customary adjustment, are exercisable immediately and will expire five years (5) from the date of
issuance.
What does the "subject to customary adjustment" mean? I'm new to warrants. Basically I'd like to purchase some but do I get the guarantee that for the life of the warrant up to the expiration i have the option to purchase the stock at 3.443? Or will it adjust?
My bad....read that wrong
You were right....1/5th of their money they put back in
Uh...20m$
They bought 4m shares.....
They put it all back in
TENKAY - Warrants - Can you educate
The warrants will have an initial per-share exercise price of $3.443, subject to customary adjustment, are exercisable immediately and will expire five years (5) from the date of issuance.
Does this mean that if I buy 1000 warrants now for $700 (.70), then over the next 5 years I will be able to at any time purchase 1 share per 1 warrant for 3.443 + .70 = $4.143? so 4.14 per share?
And if I'm right so far explain the "subject to customary adjustment"
Does that mean that if they would do a forward OR reverse split there would be a price adjustment to reflect?
Every one relax and hold, relax and hold. They are signed with the Giants in the industry and they have an unbelievable board that are getting paid with shares. Unless you were hoping to make a quick buck today just relax and hold, relax and hold
Well it's not entirely ludicrous....I can see it dropping on NDAQ opening but I also see it getting filled very very quickly....if this drops to the offering price there will be tons of institutions buying big blocks...and there's not that many shares available.
Isn’t it just as easy if not moreso to short on OTC?
I supposed that anything is a possibility however they have already been accepted. the SEC wants more information on SOUND CONCEPTS, keeping in mind the SEC could give to craps about timelines etc...
I completely understand what you are saying and I do think it will dip on the first day of NASDAQ, but you have to agree that the way it's held up through 2 major blows (low offering price and 2 week delay) is quite impressive. The same retail buyers that are buying "hype" are going to be buying whether this is on OTC or NASDAQ, so when they see the price dip I'm sure they will gobble it right back up. 15M shares will get eaten up in a hurry especially when there are "supposedly" some big time investors that are waiting to get their hands on it but can not buy on OTC.....
I do think it will dip, but I think it will rip rather quickly. I'm going to sell off a few hundred shares in the next 5-7 days and attempt to double those shares for the dip.
I'm a bit perplexed by his silence now as well, he's been very transparent through it all and you know he's got a lot of investors wondering what's going on.
For the record, I dont believe he's "lied" about anything....
I do however feel he's either been caught off guard or didnt think this process was going to be as hard as it is/was.
I hear what you are saying, and even though i believe these big institutions will hold 4-10 years they are still smart money, could sell half their position if they believe they can double that half back down around offering price
Only hope for longs is that there are other institutions that missed out on the offering that will gobble up the dilution in the 6-8 range just as fast as it gets sold....
We will see....got to get there first :)
For me it's not just Rory, it's the Board that they assembled, a Board that is taking SHARES as payment, and none of them have sold those shares.....
idk, too much firepower for this to just be a smoekshow imo, no way Tal Golan leaves his job to come to a failure co....
Ten, why is the price doing so well today do you think? Seems odd with your thoughts on immediate selling on Nas for the 100% gains and with the bad news today of not getting on Nas when it was basically promised we'd see this thing tank today and it's done the opposite....
This one continues to confuse the crap out of me....
And transferring that knowledge is much appreciated. Still differ in opinion with a few things, but the knowledge transfer is always appreciated.
I believe him that he did not know, he looked defeated in the video last night, i believe he thought the offering price would be above 8 or more. I think what he forgot is HE had no leverage....the institutions that were negotiating could have just packed up their money bags and walked away.
HOWEVER, these institutions will be holding, so your call that the market will be flooded with shares IN MY OPINION is wrong. I believe they will hold.
One of us is going to be right, if the stock drops like a rock tomorrow you will be right and these institutions just wanted to double their money, if it soars tomorrow then I will be right and they will hold and not sell a single share and the float will be locked and it will skyrocket.
Dont forget, Rory has more to lose in this than ANYBODY, he's with the shareholders thorugh thick and thin. Thus, again, I will believe him when he says he didnt see this coming. The hurdles have been jumped.
I will believe Rory over you, he said in the video the average hold time from the investors that AGP picked out is 4 to 10 years. As a long shareholder here I am willing to except that they get a massive discount considering they alone will be able to keep the float locked.
Because they are not an institution that has leverage, only big pockets get those discounts, if you want in as a retail investor you have to pay their fair price and the price right now is way more than fair
Doesn’t matter since the institutions will hold
I dont think the price will matter that much. There are not a lot of shares available and in the grand scheme of things the institutions that will be buying in dont care about 12 or 18, they are going to be holding for hundreds....so I dont think it will matter....sure a low offering might scare away retail, but if institutions start gobbling up shares they will have to chase.
Nobody wants to sell that’s for sure
DM, I thought Rory mentioned in the last video that it could be immediate after the S1-A as the offering will have been closed already.
Seems unlikely the shorts have all covered....
Gotcha, well that makes sense then. Thanks for the reply. Going back to FUSZ likely would have caused some panic.
I dont understand what the point of the name change is....
I mean if we are going to be on the DAQ any day now what is the point of changing from FUSZD to VRRB now and then get uplisted to VERB?
I'm a long....like really long....and I just dont understand the significance or reasoning? Throw shorts off their game?
1.66M Shares if they do the offering at 15.00
Me thinks it will be higher than that though by the time it uplists. This may have been a last ditch effort by shorts today, I hope they all covered, because the smart investors are not selling.
I only disagree w/ you on 1 thing.
When (not if) WHEN we get to triple digits a forward split will happen, 12.2M is not enough shares to satisfy everyone that will want this!
What’s that I smell?? Oh yeah it’s shorties ROASTING
SUCH A BEAUTIFUL SMELL
Rory has delivered on everything he's stated and been VERY transparent. I'll trust him over some random internet troll like yourself!
As much as I hate shorts, i can say they are smart....there is NO WAY they are going to play with fire here, I'm guessing the shorting is now over and many are still scrambling to cover.....I'm sure they made a fortune from 3.04 back down to .18, but their time is now up. I didnt love the R/S but see now it was necessary....It is going to be an exciting next 4 weeks!
11.36 up next! Go baby go
Nice - Thin up to 10 now!
Solid support at 8.75 but big wall at 9.00, if we crack nine we will see 10 today.
Where are they going to get the shares? If it’s on NASDAQ they will not be able to naked short. Float will lock quickly
Wasn’t the merger with sound concepts supposed to close this month?
You guys want to know what a reverse split can do for an actual real stock. Take a look at TNXP right now. Exciting times ahead for FUSZ
And that is where Sound Concepts comes to play.
Rory didn’t dump his 1.49 shares at 3.00+, why would he dump now. He knows the bigger picture. He will probably start selling at 200.00+
Fair enough, you called it....
let's see if we have enough bulls to buy them up!
**Appears** being the key word in your statement.
CALL THEM and ask them why you cannot get the TA numbers and ask them specifically if FUSZ put a gag order on their TA. Rory stated this in a SHAC, if you are interested CALL THEM instead of spitting out misinformation....
They specifically said that it was hindering business performance and all they would be doing all day long is answering phone calls for TA numbers....They will give the info but it's going to take more than a phone call.