Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm ignoring you
This is in North Carolina big deal!!
No PR until quiet period is over. S1 is under review!!
They didn't lose 2.3 billion
You can't blame debentures today. No VFIN , no AYME no 10,000 share fake ask MM's. Just no volume.
Lol then you divide by 20k do you really think they loss billions lmao
No I was trying to show that hater that the preferred exist. For God sake call the company do some due diligence don't listen to these a holes on the board. There either short or disgruntled from the reverse split
This news was from last month I found
Recent Activities of Operations
OCFN directed by its VP of Capital Markets, Dave Demarest, completed a private sale of 1,500 restricted shares of OCFN 18.25% Series 2020 Convertible Preferred Shares at $200.00 per share yielding $300,000 to the company.
OCFN recently announced a Stock Repurchase program with Syndicated Capital, a full service broker dealer. Since commencement OCFN has repurchased 200,000 common shares that will be retired to treasury.
OCFN signed an exclusive financial advisory engagement agreement with a top New York boutique investment banking firm to assist company management with designing and implementing a capital markets strategy for OCFN's growth plans within its core commercial real estate property and asset backed lending platform and related business sectors.
Believe what you want those are the terms of the preferred deal
Quite honestly I put $100,000 into it because the money was sitting in one of my savings accounts earning nothing. I get a monthly check for a little over $1500 which is approx 18.25%. Checks have been on time. I know it ends in 2020 and i get my original investment back. Not to shabby!!
After the reverse and it is convertible if you call corporate they'll send you a prospectus if your an accredited investor
I'm accumulating shares down here. The company is in the middle of a preferred raised on a 18.25% dividend which is doing very well. They aren't worried about the common stock. Once financials and news can be released along with the debentures bought out and syndicate buy back stock the stock will move forward. Remember the company has planned a DPO at .05 to .10 a share. In order for that to happen I would estimate the stock hast to be between .15 to .25. I do not work for the company but am an investor in the preferred deal
I don't believe they will buy aggressively until a deal is made with the debentures. Debentures usually will strike a deal with its debtor when the stock reaches this price. I would say by the look of the buy/sell action today were at a bottom. The .0008 cdel ask is retail. VFIN is a debenture
Agree they have only bought back $20,000 of the $200,000 alotted. Why buy back at .01 when debentures are smacking the stock down. I'm optimistic that the debentures will settle in fear of not getting paid. Once the debentures are out of the way the buyback will continue.
15mm shares about 20k worth so far. Now that the volume has picked up the syndicate can buy more. Based on average daily volume
It really doesn't matter because the buyback will clean it up 100mm shares times .00010 is a cake walk for syndicate
Thank ?you VFIN
You haven't loss money if you haven't sold. Think outside the box bro. Do you really think the company would announce a buyback knowing the debentures we're going to whack it Dow to these levels. It's so obvious what's going on. VFIN getting hit right now with smart investors that understand.
FYI this will be the last week to buy at these levels. Debentures will start settling with OCFN afraid that the stock will go to zero. 2nd round of buybacks from syndicate happens next week once debentures have negotiated payment. How will they be paid? By the monies being raised through the preferred stock offering. Also expecting quiet period to end soon so some news can be released on new acquisitions
reducing outstanding share count, thereby increasing earnings per share or improv- ing other metrics based on the number of outstanding shares.
Great day to accumulate shares
KD is back with talking old news again. Funny I visited the crappy office in brickell key which was gorgeous and met with Eran Danino which enlightened me about the future of the company. So keep hating KD I love it. I can't wait for you to read the next financial on 3/15 your gonna eat your words!!!!
I don't know about you guys but this is FUN for me. When you see blood and people panic usual a good time to buy!!!!
There are more notes but the company with the monies that they are raising through the preferred will settle those debts before they convert
Lol it's not a lot of money big risk big reward
It really doesn't matter the debentures will eventually dry out and stock will be retired. The company is raising $$$ with a preferred stock deal and raising quite a bit of money. Once the numbers come out on certain acquisitions the stock will take care of itself
Just so you know the stock always bounces back when it gets hit like this VFIN just left ask
Do your due diligence a syndicate was paid to buyback shares they use the MM MAXM they only bought back 15mm shares so far. Once the quiet period is over and the new financials come out you will understand
Will see just so you know the reason the company has authorized unlimited shares is because it's incorporated in Wyoming and in case of a takeover it can authorize enough shares to keep control. Again not one insider has sold a share and this is convertible debt that is converting there debentures. They will dump the company has set aside funds to buyback and retire cheap shares and the numbers in the next financials will surprise all!!!
Maybe who knows these debentures don't care where they sell let's see what happens
I've bought 3mm today at bid now .0009
25mn shares wow
We will close green today opportunity knocks!!!
Picking up some cheap cheap stock
VFIN scared everyone lmao!!!
AYME done
Big day today lots of stock to buy back, good luck to everyone!!!
Ain't gonna fly if all you do is watch
Cmon guys lets buy debentures are gone!!!!
Boys that's how you take MM's out!!!