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Every time this starts to run, someone unloads a block and brings this back to $5.00
Shares Outstanding 19,813,000
It's either back to OTC or reverse split.
44% loss on the first day of trading.
Another Canadian scam.
Down 33% on the 1st day of trading.
7,181,978 OS -- Someone is dumping -- opening not looking too good.
Shares Short (Oct 13, 2023) 13,620 shares
They must have issued shares for services, at par value ($0.0001)
I'm tempted to buy some as a lottery ticket.
But I know there's a reverse split coming soon.
valleybenedetto, your continued use of the word "ignorant" is clearly an instability on your part.
Opening day loss 34.78% ($8.00)
Down 30% within the first hour.
This is a China company with offices in Singapore and New Jersey.
Thank you for this information.
I believe all companies from China are scams. There may be a few exemptions -- but I never buy a company from China.
What I see happening here is -- you have a Massachusetts addressed company with an insider China Investment Firm incorporated in Delaware.
The China company is doing the dilution.
It has been a while since I got scammed like this (getting hit with such a low private placement overnight).
But I blame myself -- because I was feeling the red flags, and I ignored them.
Taking my loss and heading to the next play.
Good luck to you in the future.
I think the positive press release was a ploy for the insiders to dump their shares before this private placement.
-- During May, this closes at $0.27 before the reverse split
-- They did a 20-1 reverse split...which brings this to $5.40.
-- 4 months later this is trading around $0.67
-- A great press release...95.5 million trading volume...hits $3.20
-- The next day is a 15+ million private placement at $0.51
I wouldn't be surprised to see some class action lawsuits forthcoming.
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They IPO'd with 13,805,434 shares. Premarket $0.45 this morning. This was just a money grab.
From the 10Q filed -- Issuance of common stock for services 3,000,000
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For a new IPO...I never thought this would get so low.
Win some, lose some. My red flags were popping yesterday...but I didn't listen.
PM at $0.80 now.
Always listen to the red flags -- I knew I should of got out yesterday.
1-20 reverse split on 05/23/2023 -- and a PP of 15,700,000 shares at $0.51
RNAZ is officially a pump and dump scam.
Looks like someone is interested in the testing results and is buying big.
And if it wasn't for those buys -- the dumping and shorting would have pulled his under $1.00 today.
I think it's dumping and shorting.
But whatever the case -- the trading volume today is not justified.
I have never seen that before -- 2 consecutive trading halts at the same price.
The company is not selling the shares.
Buying back shares within 1 month of their Nasdaq IPO.
Normally, when a company buys-back shares...the stock goes up.
But not with the company.
I have no clue when or if the buyback will happen.
No low today $0.88
Dropped below $10 -- looks like the dump is starting.
Time to get out.
China Company - OS is 14,500,000
But I don't know if this number includes, or does not include, the 2,000,000 IPO.
I still haven't seen anything to get me to jump back in.
That could change, though.
But I feel this will fall to below $0.50
Looks like some shorts got in trouble when they tried to pull this down.
LOL -- their $2 million buy-back generated a 2+ million trading volume day...and the price is still at $1.15
New low $1.75
The only people who made money on this were the Insiders who dumped their shares when this IPO'd -- .holding 6,872,414 shares.
The question is whether or not the Insiders have dumped "all" of their shares...which appears they have not because of the continued blocks being dumped on the bid.
$2:25 premarket -- down 18% (Going for a new 52 week low today)
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Why do you think the drop was due to shorts -- there were 11,155,434 shares ready to be dumped when this IPO'd?
You know a company is a scam...when the Insiders dump their shares on an IPO.