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Initial listing requirements are $4. Continued listing requirements are only $1.
Give them a call! This is probably affecting a bunch of people attempting to buy. It seems like the reverse of what happened when we jumped up to 8.
I agree Carl. We all know where this will trend. This will only be discounted until the initial shares are gobbled up. My buy order went through on eTrade just fine.
Freeing up some money to buy at these prices. Get them while you can!
Cheers to that!
It's not official until tomorrow
Everything was posted on the SEC website before 5 PM EST. You guys need to setup an RSS Feed so you can be alerted instantly! Read this lengthy 8k which details the current state of the company and outlines the plans for growth. It looks like there is no news on the cell front. JN states that they are still looking for a manufacturing partner to help build and test a prototype and get it to market.
http://www.sec.gov/Archives/edgar/data/1172631/000118518515000428/solar3d8k030315.htm
Shorts are covering. Etraders are selling. This will level out shortly and trend up the rest of the day.
The timing of this tells me the uplisting is very close. With the downward trend yesterday JN wants to ensure we are well above the $4 mark.
Crazy volume there for a bit. I wonder if we just saw some insider selling before the release of huge news over the next few days so as to not look suspicious.
As I read your post an ad for a Maserati came up on the side of iHub. I think they're on to something ;)
i've got access to a BB terminal. What do you want me to check out?
blame it on the autocorrect ;)
Got ya I think I just misread your post or took it the wrong way. My only regret is not putting in more money back when I initially got in at .05.
I agree that we will have a forward split at some point but I don't think it will be soon after the uplisting unless we really jump in pps at current levels. I think it will have a positive effect either way.
That new Ford GT is amazingly sexy. Those air ducts on the rear end are droool worthy. I'm a mustang guy myself so I'm right there with you.
Reply from Solar3D about share availability.
I received this from Andrew Haag at Irth Communications after sending a message via the contact us form on solar3d.com
"Matt - as we understand the shares representing the split in your account is a function of the firm you hold your shares at communicating with the Depository Trust Company (DTC) and/or the Company's transfer agent. Brokerage firms efficiency in share reorganizations like this varies, so the Company can not comment on when your firm will have this completed.
Management at Solar3D has been in contact with its transfer agent to assure all the proper steps are being taken.
Thanks for your interest and ownership in Solar3D."
Response from etrade, finally something that makes sense:
"Some brokerages will front shares ahead of delivery. E*TRADE does not do this. We have an accommodation to let you sell ahead of delivery but that will have to be done over the phone and manager approved. When a company does a reverse stock split, your current shares are cancelled and new shares are issued. We have been working with the transfer agent and are currently awaiting the new shares to be delivered. The shares will be updated to your account promptly once received. If you have any questions, please respond to this message or call 1-800-387-2331."
Been here since .05-.06 range. Long enough.
Whatever ALL-IN says, do the exact opposite. If you look at his post history everything he has predicted has been dead wrong. Not just about this stock but about others as well.
The shares have to first travel to the Depository Trust Company which at this point has not received the new shares. I think it will fairly quickly although DTC lists no pay date as of now.
Pushed new highs before MD was even announced. A good sign of things to come. We may pass into the teens after the news release.
You should be able to sell, you'll probably have to call your broker and setup the trade that way.
Except when what you call a fact isn't actually a fact...
My personal account on eTrade is screwed up too. That will probably be fixed later today. Just search ticker SLTDD and you can follow along.
eTrade is up we're at $6.00
completely untrue
I worked in the corporate actions department of a large custodian bank for a number of years. Stock splits and ticker changes are fairly common and are usually automatically processed on effective date. However, depending on where your money is actually held may effect processing times as some banks have a more manual process and require a bunch of double checks. Everyone's accounts should be in good order by mid day.
Exactly what i said previously. Starts at prior days close. IPOs are completely different.
I'm not sure what you're asking. An uplisting does not change share price or number of shares outstanding.
Great analysis and I think you're probably right. All of us are going to be a bit out of whack since we're so used to following this stock at pre-split prices.
FYI the post-split equivalent to .30 is $7.80. We should get there fairly easily ;)
From my understanding we will meet ALL of the requirements to uplist once the reverse split is effective tomorrow. We can apply tomorrow and the uplisting can occur in as little as 1 week and as long as 6-8 weeks. The uplisting will cost us $125,000.
How an uplisting works, common misconceptions:
http://www.thestreet.com/story/10725448/2/how-an-uplisting-works.html
"Fact No. 4 . Reverse splits are a sign of good things for companies on the way up, but a sign of bad things for companies on the way down.
In order to meet the minimum share price requirements for Nasdaq, many companies will conduct a reverse split. This is perfectly acceptable to the exchange, and the post-split share price will be evaluated accordingly.
Using a reverse split to raise the share price and obtain an uplisting is a very positive sign for a company and is much different than companies that use a reverse split to prevent being delisted. Once again, the confusion relates to delisting as opposed to uplisting. Many people who don't focus on uplistings only encounter reverse splits in the context of companies that are trying to stave off a delisting, so in many people's eyes a reverse split is a sign of a troubled company."
Did anyone else notice the ticker change to SLTDD?
I was thinking the same thing. If not the split would have been much higher ie. 1:40
1:26 SPLIT IS BULLISH!!!
This puts us at about $4.71.
We need to stay above 4 to meet the listing requirements of the NASDAQ.
Expect BIG news to come very soon (tomorrow morning?) which keep us way above the $4 mark. Congrats to all the longs!
How so? I'll take your gains if you don't want them ;)
That is pretty interesting. However, stock splits are all over the place although the most common are your 2:1, 3:1, etc.
1) We need a bid price of at least $4. The 1 for 26 split will put us at $4.71.
2) Aggregate in prior three fiscal years > $11 million
and
Each of the prior three fiscal years > $0
and
Each of the two most recent fiscal years > $2.2 million
3) Once they apply for uplisting, the approval process usually takes 4-6 weeks.
We are exactly 21 business days after the R/S was announced. Looks like they are making it effective as soon as they could. This is great news!!!!