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.
Simple: this is a company in the business of selling cheap shares first and foremost. Anything they have to do with the biotech business is incidental to their primary enterprise.
Broadrick is an auto dealer from Nashville. Don't ask me why or how, but the guy owns 42% of the company's shares bought at much, much higher prices!
I didn't think you had. Probably for the best, since there are currently so many unknowns. I'm curious what your thoughts are about two guys - Eagle and Broadrick - owning 51% of the current shares according to the recent SEC filings.
I'm curious to know if you're still on the sidelines? I've lightened my own position somewhat.
I find it pretty amazing that a stock can trade 36MM shares and ONLY be up a single penny. I guess that's what happens when a pretty much equal number of buyers get met with a pretty much equal number of sellers. Although, truthfully, I don't really understand why anyone would want to unload millions of shares at this price, which could very well turn out to be the low of the year.
Odds are, something is up.
I keep coming back to that Eagle Equities 10% buy. Those guys have made one stock buy a year for the last four years and have cashed each one out at a high multiple. This year it seems to be BRTX.
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001693154&action=getcompany
Oh, it was a sub-discussion. Found it. Thanks. The upcoming February ruling is going to make things interesting, if not complicated ... or not, if it goes against DSS.
From ST: "I read an article which explained the infringement covers iPhones 6-8. Though what I found from articles back when the lawsuit started is that it covers just about all of the Bluetooth devices which Apple advertised “Burst RF technology for their handheld Bluetooth network devices “ Including Ipads and mini-macs. In a recent lawsuit in the jury awarded $0.15/unit sold for a wireless security feature apple infringed on.... statista.com/statistics/276...so from unit sales shown on the site above for iPhone6-7 is about 612,320,000 units sold at $0.15/unit is $91,848,000. Yet I believe there are more Apple Products included that do not reflect in the example above. But it’s in the jury’s hands Feb"
I'm trying to imagine how a settlement would be in Apple's best interest. I suppose any settlement of any sort would be sealed to keep the terms out of the public eye. I'm guessing looking at DSSs next 10Q or K could provide a lot of post-settlement information, however. Let us pray, then, for a settlement, unlikely though it may be.
Funny, I didn't see anything on ST recently. What did you come up with as a possible case value? I'm guessing the majority opinion is for a favorable DSS ruling?
If management puts out a legitimate, positive PR about BAT fat, .05 will be a faded memory.
I'm guessing Yacov and Dale, the 51% shareholders, have been in friendly discussions with management.
I'm thinking this drone strike on Iran could profoundly impact oil prices. Time to add to my PED.
My apologies. I'll try to post more to your liking and expectations in the future.
In November the reverse split was only going to be 1-100.
In November dilution was 300MM shares and not 2BN shares.
Also, Yacov didn't own 10% of the shares in November ...
At the Special Meeting, the Company’s stockholders (i) approved an amendment to the Company’s Certificate of Incorporation to increase the number of shares of common stock authorized to be issued by the Company from 150,000,000 to 300,000,000, (ii) approved amendments to the Certificate of Incorporation of the Company, and authorized the Board of Directors of the Company to select and file one such amendment, to effect a reverse stock split of the Company’s common stock at a ratio of not less than 1-for-2 and not more than 1-for-100.
Ensuing developments are going to be interesting ...
Looks like DSS has early, premarket Buyer's Creep. Is the market anticipating a positive court ruling? At least the small part of the market that's paying any attention at all?
I come up with these "fantasies" when I do research and find connections like this: http://news.bbc.co.uk/2/hi/business/3239927.stm
It's hard to imagine that two shareholders owning a majority of the shares will go along with the dilution proposed, unless they are pretty convinced that they will one day be able to sell those shares at a profit. It's especially hard for me to imagine Dale being made whole on his .14 cent average buy price. If either Dale or Yakov buy more shares, I'm going in way overweight.
I'm assuming you got the Monday notice on Stocktwits. Guess I'll have to go back to reading both sites. The market didn't act as if the .29 cent options were serious dilution on Tuesday. Let's hear it for incentivization.
Where do you go to see the option pool? On the DSS options page?
So, Yakov owns just under 10% ...
https://www.sec.gov/Archives/edgar/data/1505497/000107878219000952/13g122619_sc13g.htm
And Dale owns just over 42% ...
https://www.sec.gov/Archives/edgar/data/1505497/000102177119000092/sc13da4.htm
I wonder if they talk to each other and if they'll be at the January 8th meeting? If they do attend and they do talk to each other, what do we think they might say?
Herjavec is one of the Sharks on Shark Tank. I'd love to see him team up with Chan to take a bite out of Cyber-Crime!
Maybe this time Dickson is actually working. You never know. Especially if he thinks he may have fallen into something he can actually grow.
I was thinking of things that might legitimately spike this ticker. One wild idea I had: strike a deal with Tillman Fertitta, the "Billion Dollar Buyer" to put Yuengling in all his Landry Restaurants. That would generate an uptick worth paying attention to.
I'm thinking Kukos calls up Vlad. Vlad calls up Rex. Rex calls up Darren Woods, the current XON CEO and says, "I think it's time for us to be in the Permian Basin. And have we got a deal for you!"
Well, hopefully Dickson can work that same persuasiveness he used on the bank with distributors and co-packagers.
The ice cream is actually pretty good and they have growing distribution.
If they get a CEO who's a results deliverer and not a hypemeister, they could conceivably turn this into a profitable business. It happened for Haagen Dazs and Ben and Jerry. They could market it as America's No. 1 retro ice cream.
I emailed David Yuengling and told him to sign a deal with RAD.
No response, of course.
https://finance.yahoo.com/m/0df26c41-1ef3-3acc-a042-3701be1d2808/rite-aid-says-ice-cream.html?siteid=yhoof2&yptr=yahoo
It's a lunch money play for me. Or rather dessert play.
Every now and then something happens to spike it
close to a whole penny!
Family-owned ice cream business has taken over an OTC shell,
apparently looking to revive and expand the brand using the
public markets. CBD ice cream announcement could get a decent
spike. Only playing with $$$ I can afford to lose.
It's looking like year end sellers may be getting ready to turn into new year buyers with DSS. Double the 10 day average volume raises us up a whole penny!
Hmmm. I wonder if Lynch is specifically talking about PED?
GET READY FOR DOUBLES AND TRIPLES IN THE OIL SECTOR IN 2020!: PETER LYNCH
There's only one reason I can think to sell at the end of the year at the 52 week low. Other than tax loss, perhaps to buy something better to begin the new year? It will be interesting to see how the new year begins in Biorestorativeville.
To me it looks like a company that is first and foremost in the share-selling business. The trick is to know when you're actually buying low, since share-selling companies tend to have lows I rarely can imagine them reaching.
I'll be curious to see what kind of response you get, if any.
Just for kicks I decided to take a look again at the DSS Board of Directors. John Thatch immediately caught my eye. Notice the CUI connection. A VERY successful investor friend just told me to buy CUI - they have $32MM in cash, slimmed down operations and are buying back shares. Thatch seems like a guy on the up and up.
Interesting, extensive bio of Chan on SED website. They don't make any mention that I was looking for of him being a crook. The probability that he's in DSS for something in ADDITION to the money, seems greater than chance. Because he enjoys a challenge?
Chan Bio
I love these kinds of transactions that I don't really understand. I'm forced to admit my own ignorance. If Chan didn't own as much DSS as he does, that kind of transaction would very likely have me out of this stock.
But now I'm curious. The guy is obviously smart and creative and has considerable capacity for complex thinking. I'm guessing he has a good reason for this transaction. It may be totally self-serving and ultimately against his/our best DSS interests. I don't know. Let's see what comes to pass.
I'd love to have that share ratio bought in one day rather than over 3 months!
What I'm not clear about is how Dale Broadrick, the Nashville car dealer is going to be made whole on his 41% of the company that I seem to recall him buying at .11, .14 and 17 cents. It's going to take one hell of a spike to make him whole.
Open Market Purchases
10/21/19 215,000 shares of Common Stock $.1103
10/22/19 36,213 shares of Common Stock $.14
10/23/19 6,500 shares of Common Stock $.14
10/25/19 151,000 shares of Common Stock $.1439 (2)
10/28/19 1,000 shares of Common Stock $.17
I think these guys have the roadmap all planned out, including but not limited to a positive BAT fat PR and a Wainright or Sabby PR for the unfolding Private Placement complete with convertibles - after they reverse split those 2BN authorized shares and spike the price on that incredibly good news.
So, with SED is Chan self-dealing? What's the advantage or disadvantage to him of having DSS own 7% as opposed to simply owning the shares himself or having SED buy them?
http://sed.com.sg/c_ceo
BRTX apparently is aiming to become uplisted to the Nasdaq regular market. This was in the details of the canceled private placement ...
"The closing of the transactions contemplated by the agreement is subject to, among other things, approval by the stockholders of the Company of the agreement and the transactions contemplated thereby, the execution of an underwriting agreement with regard to a public offering of the Company’s securities with aggregate gross proceeds to the Company of at least $7,500,000 and approval by the Nasdaq Stock Market of the Company’s pending listing application with respect to its shares of common stock."
Post the links where actual money changed hands. It's one thing to win damages in a lawsuit. It's quite another thing altogether to actually collect real money.