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Would someone please elaborate why a cross trade is good at these low levels? Just trying to get a more detailed explanation. Thanks
Bid/Ask is 36/37 @ 1.96M/10K. And yet I would venture to guess those sitting at 36 will get filled.
I do believe January, but I think they are in desperate need for operating capital hence why the heavy dilution. Revenues don’t support organic growth yet. Even if they converted half their A/S at a base price of .006/share that it will be enough. I anticipate another run here up past .01 before they release updated share structure to unload a few more shares into the market.
Don’t blame you there. No reason not to be patient until you see more buying pressure and dumping into the bid. All indicators point to a bounce, but everything seems to reset once a company converts shares at the rate they have the last few days. I believe 0026 was the lowest we’ll see but that could change once they update the S/S in a few weeks.
Currently at the 78% retracement level from 52 week low from recent high of 013. If it closes around these levels it will be interesting to see what the morning brings as that, imo, will tell us if the slide worsens or it grows some balls and shoots (no pun intended) back up
I do as well to help get some clarity. I will add that if revenue projection is what they say it will be with new operations and acquisitions then The dilution dilemma is a moot point. However, things in the otc never go as planned. Love the business concept, now they just need to execute for long term value. Short term is spotty even with the SEC vs Knox et al case impending
Seeing the bid/ask at 1.8M vs 10K and shares filling into the bid when for all intents and purposes the ask should’ve been slapped tells me they are converting shares. Hopefully it’s not a lot but I’m hoping for another jump before considering selling.
I’m in RETC @ .0035. Got caught in the hype and broke all my rules here of not taking profits. Anyway, the recent volatility affords liquidity to the company to issue convertible notes to help raise the necessary revenues to continue operationally, which at the moment they don’t have. I think it’s a bit irrational to think that no dilution is taking place. The last 2 weeks of trading offers great opportunity for the company to do such. I’d venture to guess 100M new shares were converted to the O/S.
Thank you! I appreciate the insight
Honest question... If this is dilution, which I believe it's either that or MM's feeding each other. However, if dilution, wouldn't the company prefer to have diluted the stock at a higher share price? I'm just trying to understand a company's mindset for appropriate timing for dilution as it seems there were better opportunities for them to do so. Thanks
That was my question yesterday as well. They were constantly on the bid and ask at the same time. Often bringing the PPS down and then gobbling them back up. I did some digging on some tickets they were active on in the past. Sounds like they were heavy accumulators in OWCP two years ago just prior to their run up to $3+. Coincidentally the chart looks eerily similar, but obviously that’s no indication of what the future of RETC will look like. Personally, I found them being on lvl 2 encouraging.
What makes you say that? Would need some pretty significant news and revenues for that to happen. And years out at this rate of ever. I’d love nothing more than for that to happen, but I’m very doubtful.
It would be nice to see WWIO come out and say they are getting in the crypto/blockchain bandwagon. That would guarantee some action on this stock. However, at this point, any news would be great since this stock has been stagnant since October.
Haha I'm glad I'm not the only one who does that and notices the lack in volume.
A lot of cheerleading going on here. Company needs to address past judgement, share structure and dilution, and more positive PR before this leaves trips. Don't get me wrong, I'm in on a flier because the new management excites me, but maybe we should better manage our expectations folks. $.025-$.03 is a bit of a stretch and would require a top line revenue of $30M with all aspects of their business generating 15-20% EBIDTA with a 25x multiplier with no dilution or r/s to have a share price at that. ($30M x15 = $4.5M x 25 = $112.5M valuation / 4.5B O/S = $0.025 PPS). Not realistic in the short or mid term. Lest not forget this is still the OTC as well. Im cautiously optimistic. I'd say $.0004 is feasible short term at best. Hope I'm wrong and it's much higher. $WWIO
Can someone help me understand why anyone would short a no bid stock @ .0001? Looking at the short interest over the last 2 full trading sessions (11/2 & 11/3) all the volume was 100% short interest? How would anyone benefit from shorting a stock at these levels? Seems odd and would be awful hard to cover with no corresponding volume. I'm not versed enough or have the stomach to short stocks, but curious if this poses a squeeze opportunity once volume does come back (crossing fingers!)
Thank you for the insight. Trying to cut out the constant cheerleading to find real info so this is helpful. Do you see this thug having a foreseeable chance to do something?
I saw that. How does that factor into the direction of the company under new management now? I would think folks to Tony wouldnt hedge his reputation on a sinking ship so I have to believe he sees something beyond this judgement to jump on board. And why the heavy volume followed with no volume?
In doing some DD given the minimal amount of information available at the moment, I see that Wowio is pursuing controlling interest Castlerock Holding's. Wowio has the option to aquire all of the assets of Castlerock Bar & Grill net mortgages, which estimate revenues of $2.5M/annum based on the bar business ($1.8M) along with the arena ($700K). The property was appraised at $2.8M as well. I would love to see the stop sign removed and more PR along with an updated share structure. Assuming it was heavily diluted when it had volume and has a 2x top line valuation of revenue inclusive of the assets at $2.8M, would that roughly put the Market Cap = $7.8M? Lets assume outstanding shares increased to 4B (rough amount of what was traded during those heavy volume trading days, if my math is correct and my assumptions aren't too far off, wouldn't that put the share price around $.0019? That's before you include anything they do with their proprietary technology for e-book ads and the other avenues that they are looking to pursue.. Constructive criticism welcome as the amount of information is bleak and all of this is very speculative.
Half cent in 3.5 weeks would be a stretch. There would have to be some juicy PR's, a reduction in A/S, revenue figures, etc to see a run like that. However, DOLV/JBZY went from no bid at .0001 to .155 in 9 months so anything could happen. Would love to see a run like that but not holding my breath
Tried Tony on his cell and followed up with a text to my question regarding timeline on any upcoming news & go forward plan for the company and his response was:
"Yes, we are working diligently to provide more updates as soon as they are available. I cannot give a timeline, but we will provide info asap"
Thank you. Hopefully it's the catalyst to inspire more buying and push this baby north
Whose phone # is that?
Anyone know if they are working with a PR firm and, if so, know the name of it? I tried calling Tony Anish yesterday but not sure I had the right contact info to see if there are any forthcoming plans to release any PR in relation to Wowio's new managements go forward plans, future SS, etc. would love to see them reduce the share count and find out their true outstanding shares which I think will help prompt movement of the share price.
Well I took profit, but could have yielded more if I had a little patience, but in the OTC, you never know what can happen. Hard to differentiate equities that are legit versus your typical P&D's. I don't marry stocks in the OTC and take profits where I can. I'm still relatively new to all of this, but i've learned it's better to take some profit versus sitting on something too long and becoming a bagholder.
I'm already in with 16.5M shares. Waiting on any sort of PR or catalyst before investing any more. Hopeful to see an updated SS with new management. Hopeful that all the activity the last few days isn't dilution, but we shall see. Sold too early on $IFXY and $HAON so wanted to enter early into a potential lotto. Patience, unfortunately, is the name of the game in the OTC.
Unless anyone else shows up on the ask, $5K to knock out the rest of the 1's
What news? Link please
O/S is 4.235B as of 10/10/17
Be that as it may, it can still run. BVTK has 10B A/S but has more (7B) O/S than this does (4B). Different industries yes, but still has room to run especially with new mgmt
Boy wish I would have seen this post at this time when the price was at it's 52 week high. Now I'm one of many bagholders on this with no transparency on current SS. At this point, it doesn't make sense to sell, but boy would it be nice to see this return to the PPS from when this msg was posted.
Hey, I'm usually a spectator on these boards as they seem to promote a lot of negativity, so I wouldn't come out of the woodwork to share something I didn't think folks might find interesting or false. I wish I'd have screenshot it.
Went to check this message board and for the previous 5 minutes it was telling me that the page was no longer available for one reason being "a potential name change"... Wonder if something is shaking today.