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.
So I finished reading the documents filed. Basically all note holders are able to convert at 85% of the stock price. GBSN needs to have a minimum amount of $100k traded daily and the have access to the $3.6M that was restricted. If the investors dump shares right upon conversion they make a profit so the PPS got hammered over the last 2-3 weeks. 85% discount is only profitable if the stock only drops 15% a day, so why the huge drops in PPS? If I had to guess it would be because the note holders sold SOME of their positions at key times through the last few weeks to create a huge drops in PPS and enabling them to get more shares (upon conversion) for the same amount of money. Now that the damage is done and they are sitting on a larger number of shares they will use the money from the selling of the stock (from last 2-3 weeks) to buy in surges to start a bullish trend so they can dump their shares into the market when buying interest is obtained.
Yeah I was thinking the same thing. It was showing a minimum exchange at .16. My question was do they get a discount on that amount or is that the minimum. Because if so the investors are going to want to push this up past .16 so they can unload. Even if it was a a discounted amount that would be .08 so we should see some spikes to .08 but there could be a lot of resistance there.
That is sound logic. I am still curious as to margins on these single use products because that kind of price makes it suitable to market to campers and outdoors men. They should try to get those into camping stores. I would think that most retailers focused on that type of individual would be very interested in having this product on their shelves.
Man at closing there were a lot of buyers look at the adjusted trades for the day, pushed up to .0809 before 4 trades of 10k took it back down to .071 ... this is going to be an interesting day tomorrow since it will be updated on most peoples trading platforms. up 17% is a good start to a bounce.
Where? All I see is the March 2016 numbers.
Agreed. It needed to happen before the next leg up. Any thoughts on how long until she turns back north? I was thinking a few days but look at how NITE is sucking up shares at .0271 and if you look over the last 2 days it has been sideways so I think we see a doji today, possibly a hammer. I hope for the later. lol
I hope they drop the PR soon... this is getting boring, it is smart to wait for momentum to stop, this way when fresh eyes look at the chart they don't see it as overbought. Also a OS update would be nice. I thought I saw somewhere that it was 72M, of course that was early October when MYDX was at the bottom. I was doing extensive DD but I can't find where I saw that information.
We needed to have a profit taking day, I am glad to say that I held through this down session, although a few day trades in this puppy would have been sweet I didn't want to rock the boat too hard. I think we start to see it pick up in the last 2 hours or so and another big move either tomorrow or the day after.
Hey I would love to see that too. But you gotta remember that greed drives OTC stocks and when people hit a good profit they will cash out. Trust me I would love to see .65 but it is just not realistic. .30 is still a bit higher then I would expect but I do think .30 is attainable.
IDK about .65 but I do think it is going up, we need to break through a dime with some serious force, so hopefully we will see a close above a dime today. I think this will be a good week though all in all.
No clue... it seems like it is trending higher though... lets see how the next few hours go, I am thinking that this is gonna pop soon to a dime. .30 is a little ambitious but the bids are increasing and people are slapping the ask.
I was hoping to post an image of the last few trades but I will have to list them... for those that done have direct access here the last few trades..
.065 10882
.0649 10000
.065 6750
.063 10000
.0614 349
.0615 10000
.06 20000
.06 10000
.06 10000
.059 10000
.05895 15000
.059 10000
.0577 15000
.0574 20000
.0575 10000
.0565 7000
.0565 10000
.055 10000
Look at that support... hell yeah baby. Was getting a touch nervous about that dip but wow... this is going higher... might take another day or two though.
Of course Walmart would be HUGE, I don't think that will happen just yet but I guess you never know. The IR did say there will be some huge news coming so I guess that it is possible. I think it is profitability though, since they don't have any more convertible debt (allegedly) they reduced their monthly burn and their sales are increasing profitability is right around the corner.
Yea I think if there is one company that would manipulate the open it would be this one, I will laugh my ass off if this zhit gaps up like crazy... wishful thinking but it def can happen.
Yes it can!!! Look it up, you can't trade "AFTER HOURS" but Pre-market you definitely can. Learn the basics, take your own advice. Might be difficult today until tickers get updated which I didn't think about yesterday but either way MMs could still make adjustments causing a gap up/down. I love how people are so quick to say someone is ignorant when in fact they are the ignorant ones. Tisk Tisk.
Anyone curious about the .06 flat line... If there was no buying pressure then it should have dropped, someone was holding this up. I am intrigued and got in too early but I have a strange feeling about this one. It might just be because it is about to tank but that .06 line gives us indication that the selling may be drying up, or buying is increasing. I will be following this closely tomorrow. Pre-market activity is expected so get up early folks.
So I am holding overnight, not my best idea but something tells me this will get a huge manipulation upwards on the OTC. These guys do have income and inventory so just because they had a lot of toxic financing doesn't mean they are going to zero. Read the SEC filings, their contracts for leasing their equipment go to 2020. I'm not saying I would bet the house on it but I don't think there will be too much more blood spilled here.
WTF is up with those trades... they were all over the map.. anyone want to weigh in on that?
Yeah I got in at .10 and tripled down at .075... looking like a run up is coming though. You cant beat something into the ground this badly without getting a pop. I am looking to exit around .16 or so probably .14 to be safe but good luck to everyone with the balls to trade this one. Look for .10 by EOD
Isn't it about time for that press release they kept talking about, seems like everyone is holding shares still even after the pull back. I would love to see a revenue guidance release or maybe the status of the AquaDX pre-orders. Come on MYDX, give us something!
It did this on Friday too, big spread that thinned out until late afternoon and then ran up again, watching and waiting.
Okay I officially like this stock for a bounce so lets see how Monday goes, I am about 50% done with DD and need to go over revenues and justification for upward movement but IMO this will be headed north, might just be a scalp trade though nothing telling me this is a good long term yet but I am open to comments from the gallery. Please only put up true DD info no speculation.
I was showing my girlfriend how I trade and I was talking about GBSN and a dead cat bounce play and she was like "What did you call it, when you bounce a dead kitten?" I about fell out of my chair. lol
I hope it closes on HOD that would make Monday a beautiful day indeed... And as I was typing it did, well almost ;)
Breakdown of why PPS will go up... Lets say OS is 350M once all is said and done (post conversions) that's only a 8.75M Cap at .025 cents. Sooo yeah do the math guys this is going higher, I dont think even 300 million shares has been traded since the last OS update on 9.21.16 (52M outstanding) so it is likely the OS is around 120M or so which still puts a price target of 5 cents with a 6 Million dollar valuation. And even that is a low estimate. BUY BUY BUY or HOLD HOLD HOLD if you were lucky enough to get in a few days ago.
Its called strategic planning, I would bet once the stock gains its strength a reverse split is in order to clean up all these extra zeros and allow them to up-list to NASDAQ, the preffered stock will make it so they CEO and board dont loose control during this low point.
Competitive bids on level 2s and a large ask waiting to be slapped... Lets burn through this level and see how high she goes
I'm glad someone cared enough to read it, just hoping the info gets through to people. Also as long as CEO doesn't give the preferred stock insane dilution ability this stock is going up. Does anyone have a guess at how many shares they had to issue after all was said and done?
MYDX - My take on what happened and why
So MYDX looks for funding and gets into bed with some aggressive firms who are able to convert shares at a 60% discount (on roughly 400k) one of these notes could convert @ a max of 9.99% of the company. Another deal with Kodiak was a 50k note at 50% discount and purchase commitments of $1M at a 70% discount, only at the discretion of MYDX. Union capital, Kodiak and Adar Bays stand to make a lot of money if the stock goes down and then rebounds after they convert. This made selling MYDX down attractive to these three firms. Also anytime MYDX requested funding from Kodiak you can be damn sure Kodiak was selling those shares the next day, driving the price down. Union Capital converted on the 9.1.16. as the conversion maxed out at this level. These shares were likely immediately sold at the next run up for an average of around 3.5 cents lets say. Netting them over a mere 90k or so. So they are out money on this deal, but they have another note to convert, so they drive the price down and convert another 100k at or around the 21st since the issued shares had gone up 9.99% becomes a lot more shares then it was on the 1st. My best guess is they got another 4 million or so again at 40% off market price and sold right away. Since the volume is holding and increased at these rates I am guessing they are buying back with their profits and holding a ton of MYDX common stock
It almost went to well for the investors...
MYDX market cap was so badly hurt by this the board feared a hostile takeover and deployed preferred stock as a poison pill to prevent these firms, or anyone from buying up the outstanding float just to gain voting majority.
This will be interesting to see how it plays out but I see a green future for MYDX. I just hope they don't make any more convertible notes with these insanely high discounts.
This stock is so beaten down, no where to go but up now.