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Maybe no trading until the letter goes out to shareholders?
Spike the price to $3-4 and the margin calls will roll?
Offering terminated until shareholders are notified via mailing.
So, 1.6 million shares traded with only 400,000 outstanding?
Cancel the offering and demand shorts to cover?
Could this be a time when a halt works for current shareholders?
Did you short the stock upon hearing of the offering and seeing it trade above $1 ?
Well, it's the next day and still halted.
Possibly all trades will be reversed and the company will have another (smaller) offering tomorrow.
Edit: called the IR number in news release and received no response.
Someone with big pockets complained about their ownership % being decimated by such an offering.
Could be why it's halted.
I think the halt is perhaps more to do with 12,500,000 shares offered vs. Current outstanding of 493,268 shares.
Nevermind, I see the offering filing.
Rather confused as to why it is halted.
Also note the stock didn't trade that low (relative to offering price).
Usually stocks trade at discount to offering price basically instantly.
Fake offering news?
Stock halted and note the bottom of the offering news mentions the old company name (email address), but other recent news releases have the proper company name email address?
Someone asked me about the $20-24 rumor.
What I heard is that some group wanted to confirm the cash balance and make a move if confirmed.
Yesterday's decline and volume is intriguing to me.
I only have some free shares at this time.
Shorts really smothered this.
As soon as someone hit the bid with a sell, they put up sells $0.0001 above the last sale.
Book value is over $1.30, so this seems like an overreaction, but with that type of smothering, it's hard to see a bounce.
Before 2pm, it looked like a lot of retail trading among themselves.
Around 2pm ($1.20 area), looks like some buyer stepped in and cleared the market maker inventory.
So, the market maker who had obviously accumulated (just today?) is gone.
Will have to see if there is support or if that same market maker shorts to scare out shares.
Will today be just a one and done or is there interest to push this to $2?
After the morning bounce, shorts tried to hit stops and push this lower on what looks like to be good results.
I would like to see more support at $5.25 and $5.50 before entering.
No midday offering.
Instead ....
Offering next morning at $2
Yes, things seem good.
However, having been burned so much, I usually trade out my cost.
Up 10% premarket, but it's less than 1,000 shares traded.
That's meaningless.
We shall see if it continues though.
Today was a raid. It's still up nicely.
We shall see whether a buyback or go private transaction comes up.
I don't know about the validity of the rumor, but have heard that $20-24 may be offered.
Would seem low because cash is said to be about $29.00/share.
Dividend, buyback or go private (buyout) transaction is what I expect to hear soon.
Coackroach Raid.
Not adverse to buying some more.
I want to trade this, but so many midday offerings lately.
Some speculation is hitting as to why the company hasn't announced either a dividend or buyback.
The last few days have been interesting and looks like someone has been accumulating.
I traded out my cost - that's what I usually do.
Let's see if the accumulation continues to the upside or if they try a raid to get some shares.
Shorts scrambling as last raid got bought up hard.
As it stands, they probably have to shake the tree again. Unless buyers have got a decent position and start to put pressure on them to cover.
The spread is wide, so it seems they aren't done trying to catch some strays.
$1 mid-day offering.
Good luck to anyone still in.
Hopefully this is one they check mark up hard for all.
Very little in terms of shares available under $10.50
Seems like it's been found by a couple of groups.
Shorts are in trouble as it seems most longs are just going to hang on (and maybe buy more).
I figure the groups that found it are going to try and accumulate a bit more before it goes much higher.
I have a position, but if they dip it again, I will add.
From what I have seen there is 400,000 shares sold short.
I figure at this point they have to continue to add and try to cap any upward movement.
If enough buyers hold and add, it will get interesting over $12
As I said, I think the groups are still trying to accumulate a few more. So they want the short to hit the bid to shake some shares out.
Yeah, there is news about Phase 3.
Lots of people say an offering is near.
It's Bio, so it's dangerous to hold, given the recent trend of mid-day offerings, it's becoming more risky to even trade them during the day.
Thank you for this.
A long time in the making.
At least it explains why every pop in trading is being sold off again now.
A real nice move to $1.75
Trading over $9 today.
It looks like there is some interest and someone trying to quietly accumulate a position.
Trading indicated that MMs had no shares and needed to dip it to get a few
Thanks for that dip.
Below $9 is a decent entry.
Spike, consolidate (while someone accumulates) and then we see whether there is enough buyers to push higher or if they try to accumulate a bit more.
Given what happened in the world, it may take a few days for interest here to build.
It seems a buyback or possibly a dividend may be in the works.
Recently, when there is good news, market makers like to cap a stock while they accumulate a bit before letting it go. (They sell what they accumulate while it was capped.)
Ideally, within a week or two, some news about a buyback or dividend is released.
Most ideal would be Monday morning, but if they were that close to deciding they likely would have announced it at the same time as the earnings.
One of the drugs with the Standard of care for glioblastoma is Temodar.
Temodar had sales of $800 million in 2022.
Hmmm .... makes this stock with a market cap of less than $30 million look interesting?
We shall see, but it looks good....
How much interest is there in shares at $10.75 ?
Otherwise they have lied and misled with the valuations.
If the CEO refuses to invest at $10.75 valuation and can not convince anyone else to, then we don't want the merger to be official.
Hopefully the June 20th news about TikTok ban causes the price to jump up to $3.50 so everyone can sell out again.
Is everyone here ready to sell for 20-30% gain?
The stock still needs someone willing to invest a big chunk of change.
The CEO should invest at the $10.75 valuation to show that they believe the valuation they put in multiple Press Releases.
If that was the case, why not buy some in the public market beforehand?
Hopefully someone buys shares at their $10.75 valuation.
If not, that valuation was a lie.
A lie that was repeated multiple times in press releases.
In conjunction with the merger, AGBA shareholders will receive 1.24 shares in exchange for 1 share they own.
Much better than a reverse split that usually happens in these events.
What will you guys be doing with your new found shares?
Daily short is 60%
But, like I said, if someone sells shares before the buy side has settled, you tehnically sold short as you don't have the shares.
Short interest reported as of 1st and 15th is best information retail traders can get.
Technically, if you sell shares before settlement, you are selling short.
I'm here for my money.
The Triller CEO literally posted say that's a wrap yesterday.
Let me know what you think that is indicative of.
Kind of is your problem when the SEC auto delists due to fraudulent activities and your investment is $0.0000