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.
Chemist, thanks man...you know I keep going back to what they've said about the need for confidentiality and my gut is telling me there's a lot more going on than we are privy to as just shareholders...I say this having dealt with enough tech companies/lawyers to know that there's a lot of CYA that goes on with this sort of thing...my best guess is they will have an idea before even June if they are going to get funding or not, but will not announce something until their lawyers tell them they can.
It sure seems difficult right now as we watch this stock price and keep hope, but as I've said before these things take time and always have. Win or lose, all of us on this board recognized what could be a revolutionary technology and decided to take a chance, let's hope we're on the winning side.
Fair enough, so why don't you ask them to provide proof of their submission? I'm assuming their press release is legit, you're assuming it's bs, but either way it would still be inaccurate to say they haven't just because they haven't provided a submission tracker for shareholders...
http://ir.3dicon.net/press-releases/detail/1264/3dicon-submits-proposal-to-national-institutes-of-health
NIH Proposal
The grant-seeking process is now underway, with the recent submission of a proposal to the US Army Night Vision and Electronic Sensors Directorate. Additional submissions are planned over the next few months, approaching $10 million of multi-year funding requests.
Source: http://www.3dicon.net/strategy/federal-funding
Not saying these will be successful, but to say they haven't announced submissions is inaccurate...good luck to all
I have worked on patent litigation in the past and you'd be surprised at the things claimants will put forth as patent infringement....my guess would be they're covering their... and too much detail is better than leaving things to interpretation? Just speculating though...
With all due respect, how do you know they have failed? The proposals have been submitted and the results have not been announced.
I think this is positive news and should be evaluated in context. We have a long way to go, but these are the types of things that show progress.
If you worked at a company you thought had no future, but they gave you a fancy title, would you stick around or would you move on? I don't know about you, but there's no way I stick around and peg what looks to be an impressive career history to a sinking ship.
I believe he's been referred to as "No Money" Doug by some, well now he's your VP of Tech and Business Development - note that they are awaiting to hear back on various proposals
Also note that Schott is mentioned prominently in the press release, so for those that questioned if the relationship still existed, it apparently does.
http://ir.3dicon.net/press-releases/detail/1274
The logic is the same though, it results in an inflated stock price that doesn't necessarily reflect reality, so you have less shares when prices fall again because nothing fundamentally changed to justify the inflated price.
The interesting thing is, what companies both large and small across all industries are engaging in share buybacks as a way to boost stock price because executive compensation is often times linked to such metrics. Rather than take risk by putting capital expenditures in hiring workers or building facilities to boost production, take the easy way out and buy back shares and in turn look like a hero. Point is, this is not unique to just 3D Icon, pink slip, or OTC stocks.
Is that "big buyer" on the bid side with a cool million @ .0033?
I worked for a large public accounting firm a couple years ago and was contracted to work on some government projects. If the funding process is anything like the stuff I saw in relation to meeting government documentation requirements, it is going to take a long, long time. That's just how this stuff works.
I appreciate your response, my post was deleted for some reason, it was meant with no offense at all, I was just wondering and yes I did pick some up on the dip.
Clean, I just don't know who got filled at .002 yesterday when that wasn't the best bid/offer and then what I saw today with my orders struck me as odd, wasn't even really looking to get filled, I just wanted to see how/where my orders hit.
What are your tarrot cards telling you today? Are we going up from here?
Yup, I suggest reading Flash Boys by Michael Lewis, great read and makes you look at the stock market completely differently.
When I was at the CBOT, electronic trades were occurring in milliseconds, I believe today they are at nanoseconds and they're still trying to get faster.
Ok, next I modified my order to 10K shares to meet the offer at .002, offer still there, but my bid was replaced with 899K @ .001 on CDEL and my 10K bid is now matched against a .0045 offer on CSTI, something ain't right...
I just put in an order for 50K shares @ .002, bid side changed to .002 for CDEL on now 20K offered @ .002, interesting, wonder if the HFT guys are playing in this stock now...
Not sure if anyone else is seeing this, but on my TD Ameritrade market depth, there's a bid for 800K+ shares @ .001 and an offer of 10K @ .002 from Citadel....
Do you know who has received a lot of stock from TDCP in the past? That could be a starting point in trying to figure out who could be dumping.
Has to be a buyer and seller in each trade, and even if those guys are dumping their stock, someone is buying it.
Walrus, first thanks for sharing all of your insight. You know it's a great question, I think there's a case for three and possibly more plausible scenarios here.
1) There is a chance someone is buying shares to take an ownership stake, I don't think you can completely discount that possibility, particularly given the recent announcement about the NIH proposal and the "reputable organization" that they used in their pitch.
2) It very well could be someone identifying a stock with a wide bid/ask spread and trading it. Up to this point I was under the impression that most people who were in TDCP were investment minded, but recent volume sure points to the possibility of a "trading" element entering.
3) It could be some sort of financial institution buying up shares that sees potential ie a hedge fund. This can seem a bit far fetched, but those guys get paid to find obscure opportunities with big potential returns and at .003, you don't have to move much to make some serious money with big enough volume.
4) The stock market in general has suffered some losses as fund money has seemed to move back towards commodities. Corn and soybeans for example have experienced quite a run here the last couple weeks with funds establishing new long positions in corn in particular playing the corn/bean spread, corn/crude oil spread, whatever other spread people can come up with, etc.
I'm also curious to know who the shorts are, one of the guys on the board shared a link that showed how much of volume was short selling activity, would love to know who that is.
This is going to be a ride for sure, but until we start seeing insider selling, maybe we just sit back and pick our spots that fit for our individual investing needs. Best of luck to everyone!
Does anyone with Level II know who the seller was on the shares that traded .002?
Are you able to divulge your sources? I lived in Tulsa for over two years and did not even hear about 3DIcon until the tail end of my stint there from a buddy at the cigar shop I frequented. With that being said I don't think these guys are crooks per say, I think they're just terrible marketers and hopefully can learn soon before it's too late.
Looks like Big Buyer will have to spend the weekend re-educating himself on chart interpretation
Big Buyer is probably buying back all the shares he shorted at a penny
Big Buyer's name is .003 and for some reason he thinks that's a good entry/accumulation point
Just went to their website and all I saw was that the time for proposal submission had lapsed:
SBIR 2014.3 Solicitation and STTR 2014.B Solicitation closed to proposal submission on October 22, 2014 at 6:00 AM ET.
But did not see anything pertaining to an announcement
I think there's a few takeaways here:
1) Kudos for the transparency
2) Makes sense Hakki gets paid that much considering he is essentially the brains behind the tech and in reality I'm willing to bet some of the big boys are throwing a lot more money at him to jump ship from some little start up and bring his ideas with him
3) There is a role for this technology, I know it makes sense to cast as many poles as you can in hopes of catching something, but at some point there should be a more focused approach
4) I'm still trying to decipher exactly what they're not saying because often times that's more telling. I think the fact they made a point to mention that certain discussions are privileged was not in there by accident and this is typical of technological discussions and negotiations
5) I don't see us any closer to confirmed funding, but I could be missing something
Shareholder Questions Answered
http://ir.3dicon.net/ceo-insights/detail/264/3dicon-answers-shareholder-questions
Thoughts?
Not sure if this is the reason why, but it looks like something happened in the OTC markets...
http://www.zerohedge.com/news/2014-10-17/and-market-breaks-again
For a company whose stock is trading for a fraction of a penny, they are extremely transparent and forthcoming with shareholders. Expectations need to be relative, we're not investing in Microsoft here.
The technology is truly revolutionary and these guys are finally learning how to be salesman because at the the end of the day what will make or break 3D Icon is their ability to sell their vision, either they will or they won't, but my bet is they will.