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Ohhh, shucks...you got me... 🙄🙄🙄
Meanwhile, we're back to $3/share spreads and that's "fine". lol
**BUMP**
Said it many times, but this is most recent...
Turns out, only needed to be 1500 shares, not 5k... 😐️
You do realize, that with every insider buy posted...your "news soon" is pushed out by a minimum of 30 days from the date of purchase...right?
So, while "good" in the grand scheme of things...it does not lend credence to a "news soon" thesis.
This says there are 3,535,134 shares outstanding as of 10/17/24...after this 169,022 issued.
Per last filed 10q ending 6/30/24, there were 3,319,032 o/s...implying, sometime between 7/1/24 and 8/22/24 (date this 8-k starts)...they sold another 47,080 shares that are unreported somehow?
3,535,134 - 169,022 = 3,366,112 - 3,319,032 = 47,080
Sure, don't disagree with a word you've stated.
But, in spite of "recent news" possibilities...the fact remains...I remember the last 20 years. lol
I will reserve my "investor" status for such a time they SHOW it to be "investable". And that's just my opinion. 😀
Even with this Payne news...the problem for me is still the same...liquidity.
Just impossible to enter, size and keep risk 'somewhat' in check with current liquidity environment. So tough. 🥹
Company raises are typically done at a discount (sometimes significant) to current market pricing. Company's must do this as they are literal shitco's with nary a prospect. (This is the fear I had of the path ZIVO was going down when they announced the second offering last year with Armistice).
Given company has no prospects, it needs to entice prospective clients with additional 'candy' (ie- warrants) of shares beyond what they are purchasing. This helps protect their downside as it gives them "more bang for their buck"...and radically increases the chances of upside on any small push of price.
MOST shitco's must offer from 50%-200% warrant coverage to get funding. So, if firm bought 1,000,000 shares...they would get anywhere from 500k-2 million warrants.
The fact that Dahl only took 10% implies a level of confidence that 'some' positive ending is not far off. As that is a small small price to pay for funding.
High level overview, but this is it in a nutshell.
Hmmm.... 🤔🤔🤔
Definitely, interesting.
PS- it's wild to me that the CEO only has direct ownership of 7909 shares (not counting warrants) after a 6343 purchase though. lol
Agree with most of this. Still will be curious to see how it gets done (assuming it does).
Not gonna lie tho...there was one thing you posted that made me literally chuckle...
...
...
Mike- one thing I do not see you factoring into any of this is the possibility of MASSIVE dilution in order to 'facilitate' any type of license. Let's face it, ZIVO is running on fumes (if not out?) of cash...and any type of license is going to require significant capital investment to get it up and running...plus the issue of capital to maintain it.
While I realize it's feasible to get some monies upfront from a potential licensee, I can't imagine it being enough to facilitate all of this...therein requiring further dilution which would skew your numbers (ie- $20 today could be the same as $10 in the future if they doubled the share count...or best case, keeps price the same given the dilution in spite of license deal). <-- fwiw, this is just a random example, not exactly how/what I'm expecting per se.
Obviously, a straight buyout doesn't require any of this and just gives said share price amount to ZIVO and its shareholders.
Curious your thoughts...
Cool. What does any of this have to do with the topic of you "being shocked there aren't a bunch of new posters"...which was what my response was about???
Gwinner...and pray tell...exactly how are these "new posters" supposed to even know about ZIVO and/or what they have going on when then company themselves never even tells anyone???
THESE ARE THE FACTS:
- ZIVO is currently a turd ticker listed on the OTCBB (ie- very little folk even pay attention to OTC anymore given how hot/easy listed small caps are).
- The ONLY people that know about this company are folks that either a) are long-time folk who have known about ZIVO forever (ie- myself, Amigo and a few others) or b) folks sucked in during the uplist euphoric rises.
- Unless/until ZIVO actually CONFIRMS what is going on...while it may be a very accurate synopsis (I agree with everything Mike has said about company and where it 'could' be going)...it's all conjecture until we hear official word.
So, while the buying has certainly been consistent/relentless for a few weeks...I just find it hard to believe it's due to a bunch of 'new eyes' on the company...especially given how low the overall volume has been. It's likely a handful of folks close to those in the know.
Gwinner-
it's all relative to where you've been and where you're going. When someone/a trader pulls up ZIVO chart...and sees how far it's come on LITERALLY non-existent volume...there is nothing here that says "buy me".
You need ACTUAL, TANGIBLE news at this point to justify any type of 'mass' buying.
I'm sorry, but a few hundred to a few thousand shares per day is not something one would get 'warm fuzzies' about jumping in and their prospects. As I've said, the liquidity is a major major issue with being on otc. You could be at $20 in the morning and back at $10 in the afternoon with ONE seller getting panicked and selling 5k shares...
NOT ideal.
To reiterate what I've said before, sure, getting legit news and them FINALLY delivering would be/will be nice. Even NICER imo, would be liquidity returning where you can CONFIDENTLY/PROPERLY trade this with some amount of conviction. While yes the trend is clear, it's still all guessing games...
I hear ya and agree with everything you state. I likely would not sell any (and would've been adding) if the liquidity was more predictable than it has been this year.
Save the high volume pushes late last year and into January...getting excited about a "huge" 3200 share total volume day like today is absurd. Although the spreads have been somewhat better of late, the $1-$3/share spread on such minimal volume is impossible to trust. Given the liquidity situation though, taking 'some' at 1100+% seems just necessary. All those 'sudden dips' back in May, June, July and August...having some bids out there would've done wonders! 😀
Like I said, I hope I wake up to $100/share someday...and still have a small amount to show for it if it ever happened. More than anything, I'm hoping that "IF" they deliver...some NORMAL liquidity will return to this thing that would afford us better opportunities than OTC guessing games on no volume. When this was on OTC before, it was WAYYY more liquid than this (even if it would be days in between trades, when there were trades...it was easy in and out).
I have NO PROBLEMS buying this higher if I have confidence the liquidity is there to enter/exit positions relatively easily.
Took some of my small position off today...even in the face of relentless bids. Those bids could disappear anytime given how over-extended this is without any news. Yes, the bids 'imply' folks are onto something...but, it's all speculation until announced.
I just can't bring myself to look at the +1100% and not take SOMETHING off. Even though I'm super small size wise...it's just dumb trading imo and no other situation would I leave it on "just because I'm up so much". I would be more upset if the bids disappeared and it went back down to $10 and I ignored profit taking then I will be selling some and waking up to $100/share one day. To each, his own...as they say.
Now, ideally they announce something soon...and I regret these sells... 🤪
PS - even MORE ideal...would be this becomes more liquid so you can actually TRADE it properly!!!
Gwinner, there are 500k shares. We will have to do volume we haven't seen since ZIVO was listed. Best case scenario, there's a buyout and those warrants are factored in (ie- taken out) as part of the buyout. BUT, it seems buyout may not be the way they are going based on what others said from that last call...so, who knows.
We are now at the Armistice warrants level. At the current daily volume pace, it would take 250 days to burn through their supply (assuming it was all buys)... 🤣🤣🤣
ie- something major gotta go down to take them out...as they've clearly shown they are not shy to sell.
Hi Zhodar.
The warrants trade under symbol ZIVOW. However, they work VERY different than equities...so, please make sure you understand them before diving in. Much like the stock itself, they are very illiquid and spreads can be massive. Warrants are the ultimate "leveraged yolo" as there is no guarantee they will ever be in the money and/or worth something...so you must be ok understanding they could expire worthless. But, as Mike states, 'if' they hit...they could be huge.
I personally have not ever entered into the ZIVOW arena.
Yes, the buzzcut from the uplist fiasco (even though I made it out alive given I was small going into it and the stock became the most liquid it has ever been to TRADE it)...is the very reason I had little confidence to re-enter the position I 'typically' would try to hold or swing whilst the stock was trading sideways with no volume for 8 months. I just don't trust the company management.
And while I agree with Mike this time 'should' be different...chasing this thin tape/action is impossible for me to do sans REAL NEWS of execution. With as illiquid as this is currently, you could buy at $15-$16 in the morning and be back down to $10-$11 with a few K share sell that same day. No bueno. Hindsight is 20/20, so of course I/we all should have entered in the sideways action...c'est la vie!
All the best!
We have been, but I have been accused of such in the past.
Crazy that our avg cost is almost identical. lolol
Unfortunately, my size was sold on the rips higher in Jan/Feb...and the sideways, no volume action the rest of the year gave me zero opportunity to re-enter. Oh well.
haha...yes, our positions are well beyond swings at this point. Unfortunately, mine is more of a significantly green placeholder (currently +944% as of this post 😂) rather than an actual typical position size... **sad trombone**
EDIT: I guess I better add the picture to support that comment above before I start getting accused of being full of it... 🤪
I liked it better when this was more liquid...so you could actually attempt logical trades that didn't feel like a full-blown gamble. 😒😒😒
What's there to look at on this price action Mike? Watching wet paint dry has more movement than this... 🤣🤣🤣
The action yesterday (mostly sells, highest volume day yet) combined with the complete lack of volume today implies to me that the small group that was pushing the stock on the news has exited/moved on (at least for now).
So, yes, agree with you that ZIVO gotta say sumthin to gitrmovin again...
The huge spreads, lack of liquidity is just such a turn off for me to even attempt holding a decent sized position.
What? You didn't like the $2-$3 spreads...well, GREAT NEWS...you now get to have $3-$4 spreads!!!! 🤣🤣
Who doesn't like the opportunity to be upside-down by 25%+ in an instant? lol
Woops...sorry, I said Dahl out of the bad habit...lol. Definitely meant Payne...
It's nobody major...it can't be. Literally 300 shares jumps it $2/share plus...and lot sizes are so small it's silly. That 900 share sell you mentioned was the highest two blocks at 500 & 400 I've seen since last Friday. Most are sub 100 share blocks...
Quickly approaching a level that is going to be damn near impossible to get through without significant volume/news. Our "buddies" over at Armistice have just shy of 500k warrants with a strike price of $16.80. Plus Dahl's candy of 65k shares at 17.46 from the "bullish" ( 😝 ) CEO loan way back when...
Therein lies the entire issue. You have to chase dollars at a time to average up a few hundred shares...just not worth it.
Unlike insiders buying chunks, we don't get equal warrant coverage that essentially cuts cost basis in half and helps limit exposure to massive spreads and thin tape...
Careful, Mike...or we're gonna make you put on a cheerleaders outfit before posting in here... 😝 lol
I get everything you are saying and agree on what 'should' happen, but I'm still not sure how you are inferring what you are inferring regarding the price action on such minimal volume. I mean, up until this most recent run (late last year into this year)...I personally would typically hold more shares than what has traded in total combined since last Friday's "news".
When 200 shares moves the price dollars and creates $2-$3 spreads...there is nothing to be learned from that imo. And technical chart setups on such low volume mean nothing. Now, if it was trading 10, 20, 30k+/day and doing the same thing...much more likely to infer such in both instances.
Perhaps this is finally "it" for ZIVO, but given the number of times we've thought that in the past...caution is the only option from my seat. I'll let either a) actual news saying such or b) legit volume that precedes such...show me "this time is different".
Haven't listened to it (and frankly, don't care to listen to it as it's all just words with no meaning to me at this point)...but if that is the intent...based on the experience with the last uplist...that sucks! If they go through with that, do smaller shareholders get the mega-shaft like last uplist where they wake up to a 'surprise' doubling of expected dilution and see their investment instantly cut in half overnight...???
Nah, never said bid(s) weren't real. Clearly, they are real as they are showing...however, legitimate is another question. Only way to tell that is for someone with enough shares to attempt to hit the bid and see if it fills or if it partial fills, pulls and then wipes out all the bids below ala the person who sold 2k shares a few weeks ago and flushed it from mid 8's to mid 5's. Again, when there hasn't been a single day over 5k shares since April...risk is minimal that someone with enough shares would attempt to hit it which is why I question it.
That's all I'm saying.
And yes, ZIVO has made the bed they lie in. IMO, this is nothing more than another positive test until proven otherwise...
PS- how is ZIVO able to hand out warrants/shares to insiders the day before a PR like this? It was clearly candy...as not enough volume went off the entire week let alone on 8/22/24 to fill the Form 4s for Mags and Cornell. Those were NOT open market buys...
C'mon Mike...even you called out GTSM for being a mm known for games/shorting et al last year/early this year...now, suddenly they are legit? lol
I've watched these two mm's toss shares back and forth amongst themselves for the last 9+ months trying to create the illusion of volume whilst being the first mm listed on both sides when there was nothing going on. If you are legitimately willing to throw $44k+ at this stock right now, going up to hit the offer at 9.10 to get some filled and spending another $1k wouldn't matter if you were that serious. Waiting to try and get hit at 8.90 to save a few bucks makes no sense. And yes, that 5k is higher than the volume in most any day...which is exactly why they can put it out there knowing the likelihood of it being hit is tiny. Again, the appearance of games.
Legit interest is consistent volume and not tripping over pennies if your intent is to pick up dollars... (ie- if you believe company should be $20/share...why do you care if you get it at 8.90 or 9.10???)
Tis a bit shady that the first 5k block was bid at 8.75 by mm CSTI...and CSTI was first on offer at 9.10. Then, GTSM hopped them with 5k bid at 8.90 and now they are first on offer at 9.10...while CSTI bid disappears and they drop to only 100 bid at 8.50. sus.
Again, this is where lack of volume and OTC make it impossible to determine if this is legit demand or a few mm's playing games...
Reality is, there has still only been 4700 shares traded between Friday and so far today. That's nothing.
Mike- I hear what you're saying...but reality is, every test has been more significant than the last test.
Yes, "in theory", everything you state "should" happen. However, there hasn't been one thing in the history of this company that "should" happen that "HAS" happened.
If the results based on merit are so much more significant, why such a mundane PR from ZIVO? Why nothing to generate market interest? Why release on a Friday mid-day? Ohhh...and the biggest unknown...can any of what you state happen before they are forced to shove more dilution down existing shareholders throats to 'keep the doors open' long enough to allow it to happen (cash has too be getting thin again)?
We've known this stuff to work for well over a decade, closer to two decades now. I'm not shocked at any of these results, again, they were expected imo. Can/will they be able to monetize any of it for once? Guess we'll see.
From a stock trading standpoint, being on the OTC is not helping any of this. The low volume, massive trading spreads and randomness of moves makes it akin to gambling for any of those folks that don't have a crazy low average from last year (**wink wink**). You buy here, you have to be ok that there wouldn't be liquidity to get out without a significant loss if things go haywire. Of course, the opposite holds true to the upside IF it were to ever get real volume.
Truth be told, going to be interesting here...because we are about to enter the typical time off year ZIVO begins its annual death-slide into year-end (you know, it's only tax loss selling season 🤣). Will these results be enough to prevent that from happening and keep the flat-as-a-bubble-leveler daily chart intact the rest of the year lol?
🤣🤣🤣 LOLOLOL....
And literally 5 minutes after my post...they issue the PR about more good test results (which was a certain no-brainer...as every test (except the botched one last year) has been positive for the last 2 decades!!!
The day after a 'pump' presentation and zero volume.
Proving NOTHING else short of an actual deal with revenues or a buyout matters here anymore. Not more test results, not interest from "major global animal health" companies, not more patents, etc etc. It's all been said/done multiple times before. Nothing else matters.
Why, you ask...??? Simple. The market is telling you plain as day that:
Two decades of the same crap...put up...or shut up. Period.
🤣😂🤣😂
Well, I guess going the shitco stock promoter route is one way to go... 😐️
🤦
Was out of town for 10 days, but I see current 10Q hit last week.
O/S now up to 3,319,032 from the 2.75 million in the replied to post from April. A mere 20% float increase for ZERO revs... 😂
Same. As. It. Ever. Was.
Another Mags Form 4. So, basically, he was 2080 of the total 2367 volume in that few days span. lolol
LOL...both the 8.10 bid and 8.15 offer disappear shortly after I post this. 🤣🤣🤣
We'll call that, Exhibit A. 😏
Gwinner- I hate to break it to you, but nothing about this company can currently be taken seriously...including the price action. It's all fictitious games.
Based on current price, simply put a large bid/ask below and above, respectively, that is unlikely to get hit given the volume is so putrid...therein creating the mirage that there is a set range/market. Reality is, it's all shenanigans. Case in point this morning, 8.15 offer...yet someone puts a bid at 8.10 rather than just hitting the offer. It's a measly $5.00 difference for the 100 share lot showing, so if that person(s) were serious...hitting the offer versus waiting on the bid is immaterial.
Unless/until we see real, consistent volume for several days...anything else means nada.
Again, same as it ever was...