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As one who needs a "home run", this stock has proven anything but -- and yet the management seems great, their gameplay seems great, and all 3 products in which they have licensing (or potential licensing) deals can generate significant revenue and profit.
Given the way it has traded, seems stupid to think $10 is around the corner, but the potential of all their products likely would put themselves at least on par with $SVRA, if not higher (as SVRA recently had some bad news with Aironite), and SVRA has $300 million MC, while we are valued at less than $15 million.
I did add back today. Don't see more downside before the meeting, and that alone makes it a bit safer for now than most other penny stocks. I expect some good news forthcoming from conference (and the day they get full ownership of their patents again), and though I expect bad news from the April meeting, I think they should do their best to get stock above 2 cents prior to AS increase.
Personally think it's good to have some pumpers here now too who are solely concerned about making short-term money.
Market cap is over 6 million if share count now exceeds 1 billion shares. If they spend a million in shares to pay for $115000 bills, that's hardly the sign of a smart company destined for greatness, but the people who have been investing here off and on for the past year likely are doing fabulous. Stock seldom has a dull day.
It dropped about 20 percent today, or the cost of dilution from the compensatory shares. It could obviously, possibly go up from there.. and good luck to you.
Re: your comment about patience, I should have been patient with the stock I continue to believe strongly in, and which I sold 40 percent of my shares to pursue a quick pop with RNVA. I was always going to sell in a day, but didn't give up hope after the first few minutes (and it seems many smart traders did).
This stock is for good daytraders, IMO, and for gamblers who have bigger wallets than I do.
As I hate this stock, but invested anyway today based on the concept of its inability to dilute more until RS, etc, the one thing I learned is, when people who are hyping it all night and morning say they sell after ten minutes of opening bell, then sell. And definitely don't buy more. I can't afford days like this. It may soar on Monday but there might also be an RS over the weekend; i could not risk it.
good luck. All the daytrading stocks tend to destroy me.
It gives a bad company further to fall, it allows them to dilute more via equity offerings, etc and so forth. Trading a stock a week or two after an RS is sometimes a good venture; it almost always crashes on the day of an RS though (as well as on the day it is announced, which is the reason RNVA had dropped to .04 in the first place).
I feel like an idiot getting back into this.
Voting materials was sent via email to my Clutter box in Microsoft Outlook. Perhaps check there if you haven't. It came a few days ago.
Hard to ever touch a stock dealing with convertibles after this one, but the company that buys rural hospitals with usually toxic convertible loans has nearly doubled each of the last two days. Markets leave me quite confused.
Hopefully when it goes up, it soars. I think the whole concept of the company has been great from the inception, and I believe Sabrina knows her stuff, but the stock is half the price of the lowest (split-adjusted) price that Cerulean ever had during its last year (which included news that Cerulean's products were missing expectations).
Really hoping we get to at least $2 soon, and that they start getting some value for their licensing deals.
The filing says the word "convertible" enough that one should have concerns.
Company needs a deal where SkiQ is the default router provided to customers of DirectTV, HughesNet, AT&T, or something -- or they need to be acquired. They cannot afford customer service of their products, nor have they shown an ability to monetize anything they do so far.
While the surge suppressor is in AMAZON, it has not sold well (their Summer 2017 press release stating surging sales might mean a jump from 5 sales to 10, as they only sold $14500 worth of total product last year), and it seems in dire need of updates (as the installation process uses lots of javascript and presents compatibility issues with many browsers, according to buyers who reviewed product).
Getting SkiQ into the struggling Best Buy stores might be good for a pump, but company can't rely on Best Buy staff to do all the advertising for them, and this board alone can't do the advertising needed for SkiQ either. IMO they really need that long shot -- to own a product one automatically gets when one subscribes to an Internet or entertainment provider.
Now investors simply seem to simply need other investors who believe the company will succeed in getting that long shot scenario... The best shot, I would think, is in countries outside of America, so Max Li's meetings in Asia soon could be game-changers. AT&T is perfectly fine making their own routers as the default customers get, so do not see that scenario unless they buy the company (or product) outright.
Convertible shares are not good, except to the company being awarded them. It's confusing to me why the stock went up at all on the news, though good luck to those who believe...
For what it's worth, some of the more respected investors on Stocktwits seem to now think $DARE is positioned for a good run. One conference presentation today, another in a week; hoping for speculation from the CEO of their products' potential profits to the company... as that angle seems downplayed by her in the past.
If they are nearly done with these dilutive bill payments, why did they raise AS to 2.5 billion as well as have Max Li and Peabody give back their shares? And is the 200,000 debt owed by SkFidelity to Max Li related to the shares he gave up?
These might be smaller issues than whatever is going on with FINRA -- if it's just name change, fine; if the stock risks delisting, far from fine --and I'm not yet fully sold on the "Smart Home" concept. One can only afford so many luxuries in life; old thermometers worked okay to me. So did manually turning off lights. And as with Alexa, it risks turning every possible object into a toy for kids.
Echo115, your comments that people should hold onto their shares might well be good advice (who knows?) but is perplexing. In post 41374 (this past Friday), you wrote:
Echo115 Friday, 03/02/18 04:39:35 PM
Re: Evandean1 post# 41366 0
Post # of 41519
Sounds good.. I sold my 5m shares today in the sixes and will wait then until 4..
MM's are crooks here and I'm learning how to play their games..
Any dilution for a thermometer you can talk to is too much dilution IMO.
Stock really hasn't gone down that much. Still up more than 100 percent in past week. Far more believers, apparently, than those who question/doubt/distrust (like myself).
Maybe stock is simply going back to retouch the .004s, just as you were mentioning it needed to do a while back.
I confess I better understand commodities stocks (and wish I never ventured into biotech). Since the last DCTH paper was written by people connected to company, I did want another company investing in it with the last financing in order to verify what seemed to be positive news and positive forward movement.
Hasn't happened, as yet...
Agree that there is no risk of bankruptcy (even when company hints at it), as long as they have a product which has a value. There'll always be a company which will want it.
See it like a commodities company that has a huge Net Present Value but is valued at a few million dollars Market Cap.
That said, it's simply hard for a stock not to trade under value when company announces, months in advance, the need for (most likely multiple) financings, and increases in both AS and RS.
News from the Feb 14 press release was not tweeted. Twitter is a good promo tool for companies.
If it drops hard, just don't act is if there's anybody to blame but yourself. The info about the FINRA stuff (and all the potentially negative stuff surrounding the company) is in the last official press release (Feb 14) and the info about the lawsuits filed yesterday were mentioned in this thread (and not deleted).
And as yesterday's twitter letter to shareholders made clear, the AT&T chat transcripts that seemed to help spark this impressive week-long rally don't correspond to the current reality (as known by the company) but they help the dilution get swallowed up.
Is this considered a tweet, an ad, a promotional tool? It's not showing up as a press release, so don't know what to make of it except as a tool to help protect the stock price from falling too much against the backdrop of lawsuits/dilution and so forth.
Well, I'm all for the company getting acquired too -- if shareholders were the concern, it's almost the only good option -- but the AS would need to be upped to 2.5 billion if no RS. I just don't want the next financing to be piecemeal. If they can raise 20 million at whatever price, then at least there could be a year without any future financing.
IMO, the investors who voted NO to RS when the stock was on NASDAQ helped to kill this stock. Almost all the initial (convertible) dilution from December 2017 was negotiated away, if the RS was to happen back then.
The current RS admittedly offers no hope to current investors, but the only real hope to any investor here (or forthcoming) is to have as much funds as possible to deploy when and if this stock sinks as far as it possibly can... whereby the price is too outrageously low for the stock not to double or triple.
Right now, they talk of an RS, as well as 20 million more in equity dilution for a stock valued near 8 million (or above cash on hand, if I am not mistaken). As awful as this stock is right now, it doesn't seem that cheap anymore with all the crap to come, does it?
in the last reverse split, the stock fell from $13 to $1, then surged to $2.25. It was definitely going to go on a multi-day run, or sure felt like it, and then they announce the convertible loan.
On the day they announce the end to the convertibles, it shoots up from 4 cents to past 9 cents -- and again we are on the cusp of a multi-day run. Then we just get hammered with more dilution.
After this past awful financing, the stock mostly held up. I was starting to almost regret selling most of my shares at the market open. And then, they announce plans for more financing, a higher AS, and a future RS. If the meeting is in April, did they need to announce it so soon?
It feels like the company has a real focus of making sure this stock punishes people right now. I mostly babble away on another thread right now, on a "scam" stock I no longer own, but that scam stock at least has a mgmt which tries to pump the stock and raise the PPS.
Here, if and when this stock gets good news about Chemostat, etc, they'll give us the good news in piss from a bad liver. Which is inappropriate for a company if it doesn't despise its shareholders.
At some point, the company needs to explain their game plans for some of these products they are bringing to market. The goal for the surge suppressor, which is the only iBright item I can find for sale right now, apparently was all about its quality -- that it would be best on market -- so they charged more than all others on the market. People have balked at the price, as a result, no matter if they liked it (judging from the few reviews on AMAZON). As it cost $500,000 to produce, and as there was only $15000 worth of product sold last year, having price points for their future products might not be such a trivial thing for them to think about.
This SkiQ router supposedly might come with 5 terabytes of storage, which would definitely up the costs for the product. Is there really a need for the storage? Wouldn't the cloud or USB drives be sufficient? And, once given the option, would anyone watch a movie on their router (which I think is another function) as opposed to their laptop, etc?
Everyone posting here, myself included, wants a 10- or 100-bagger. Ignoring the serious issues with all the dilution, there is simply going to be a limit for how far this stock can go if they cannot market their items at prices people won't balk at... If one has to pay triple for a thermometer that can recognize his voice, will it even matter if the product works as advertised?
TriCascade cannot just be about what revolutionary products they can dream up. Such products are worthless if they are not actually bought and used.
Fair comment.
I personally give him credit for apparently (despite no longer holding many shares himself) putting out some sort of release prior to closing to help put the stock up further and perhaps minimize the damage that might come tomorrow (or at least at some point) to the PPS.
Having invested loads in Delcath (even taking a bank loan to average down in that POS), I am familiar with management that absolutely doesn't care about share price, just their own salaries. I do not appear to be much of a fan of the way TriCascade has focused on making new unprofitable items for Max Li's resume, and billing shareholders for all of it, but Peabody sure seems to try to say whatever needs to be said in order to try and raise the stock price.
fyi the info about the $100,000 debt to Techware is on Page 2.
Assume it may go to court.
You have to request section 2 (and have it sent to your email).
In the first section, it says Northbridge is asking for damages in excess of $15000.
It acquired the debt of Windsor Street (which was $10000).
They also acquired the debt of Techware of $100,000. Plaintiff claims to have been damaged by the liabilities associated with that debt, so is asking for damages along with attorney's fees.
Truth is irrelevant, I suppose, but If you really believe that info was confirmed, can you at least appreciate that the information in Skyfidelity's last Twitter letter to shareholders disagrees with you? They are hoping the SkiQ will be ready in April/May for meetings with executives, and, if that goes well, a "potential roll out of SKiQ routers scheduled for June/Juy 2018".
And they underline "potential" for a reason -- there are no contracts/guarantees yet. Perhaps there will be... but not yet. And there will be no roll out if AT&T or Best Buy, etc, don't want it. I think they might want it -- why not? -- but there is nothing official as yet.
Don't claim to know all the rules of press releases, but perhaps it does not qualify as a press release. There is excitement in it, little concrete information though.
If you search parts of the text in quotes, you should be able to find it via search engines, but it does not show up as yet.
The last sentence in your transcript ("I apologize for not being able to give you accurate information") is perhaps why it went to your SPAM folder.
Will they be updating us on the FINRA stuff tomorrow, Feb 28?
It seems to have been an idea pushed by some investor this past FALL on Twitter. Found on the Twitter SRMX thread.
For heavily orchestrated pumps like this, it seems the least due diligence one does (when they're rising), the better, as one would otherwise never invest.
If one does their "due diligence" on Twitter, they'll see that Skyfidelity is going to merge with Verizon as well:
$SRMX #SRMX huge news!!! Just came out, possible merger with Verizon!!! Get in now!!
— rob stas (@rob_stas) October 26, 2017
If AT&T had already prepaid for 5000 SkiQ routers, it would have been announced in a press release. They would not have simply re-tweeted the transcript of a crank call (which also appear to be edited, unless they now always refer to caller as "Me").
The reason to worry about the upcoming FINRA stuff is simple: Peabody is shady. He propagates rumors that he knows to be untrue.
Enjoy the pump and make money but realize this is a short-term bet.
What I don't understand is the benefit of having AS at 1 billion shares. It would be better to have 2 billion shares, and get all financing done in one swoop before the Reverse Split. The reverse split would ultimately prove a positive if that were to happen, but instead, they'll once again be announcing equity financings after the stock drops the initial 50 percent on the RS announcement, at an additional 50 percent discount.
That said, I also don't understand why Delcath believes the only possible financings for them are horrible financings. Since they're in Phase 3, there should be less risk now against the viability of their product. Other biotechs in OTC land (CYDY, etc) have done respectable financings recently, yet Delcath has to keep acting as if it is FREESEAS or ICLD. They have to start accepting that Chemostat's focus is cancer, not some rare disease that only affects termites.
Would anyone like to bet that there's more to the FINRA request than which is stated in the press release? If it was just about the name change, as SRMX seems to suggest, why the irritated tone -- it's not like FINRA was responsible for their filing issues in Utah -- and if all docs were on the Utah website and so easily accessible to FINRA, why is it going to take the company a few weeks to download/prepare them, etc?
Unfortunately, despite over four months of communication with FINRA
regarding our symbol change and name change (the symbol change was
issued and revoked in October 2017 due to filing issues with the state of Utah), last Friday, February 9, 2018, FINRA sent our company a list of documents to provide to them relating to SRMX corporate activities since 2008. This request is standard operating procedure but requires time to assemble. Therefore, I anticipate that these documents will be delivered by February 28, 2018. Why FINRA decided to ask for these documents now instead of four months ago is a mystery. Quite frankly all of the documents requested are posted in the state of Utah’s website for SRMX.