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@Rap... I'm truly happy for all of you that were able to take advantage of this nice "relief" rally, I hope that you were able to sell at least 50% of your position.
You know it will go lower tomorrow once Maxim kicks into gear for round 10 with another 6-10 million shares for the day. my guess is that they should be done by Tuesday morning hopefully.
I'm completely out and just waiting for the time when it hits $0.02 so that I can buy 3 blocks of 100k-150K each to end with 400-500K shares and hopefully make my $7K loss back.
You gotta be in it to win it!
Tomorrow morning will be interesting for sure.
I actually graduated from McCombs School of Business in 2015 so Hook'em Horns for me :).
After this $DCTH fiasco... thinking about going back for a law degree so that I can sue back fraudsters like Jennifer and her team of crooks, there is no way this whole thing has been 100% legal, I'm no a securities law expert but something smells fishy here. RS was voted down through the normal process and days later she miraculously had "approval" from two institutional holders.
I contacted the SEC about this weeks ago... they are in their normal review process of the matter. Hopefully they find merits to investigate any collusion or securities fraud.
Yep... Austin, TX baby... Hooke'm Horns!
@Rapture2020 I agree with you, it will happen again but this stock is at the mercy of Maxim and their printing machine, there is no way to time nothing here, the people that enjoyed this nice gain were simply the lucky ones to be holding the stock when Maxim decided to kick back for a little.
Sit back and watch it drop to $0.035 again by tomorrow or Monday. I'll be a buyer again at $0.017-$0.024 I'm ready to buy 300,000 shares at that price level. Until then... I'll be in the sidelines observing carefully and ready to pull the trigger.
Good luck to you my friend!
FYI... I don't have a paid account and cannot reply to private messages.
Not buying this rise... Maxim will be back for sure!
I just don't trust Maxim here, my gut tells me that this is an obvious PUMP & DUMP to give retail investors a sense of security and then dump some 10-25 million shares today/tomorrow.
I'll be a buyer only if I see a couple of days of price stability and relatively lower volume, until then I rather miss out on the "rally" than loss my money to Maxim again.
BE AWARE!! Sell and run for the door! This is very likely a pump and dump aimed and getting some 20-30 Million shares out later today or tomorrow!
Take your gains while they are in your account! I've seen this happening many many times.
Maxim at the door already... about to shut it closed again!
Hey @ShowDown... although I've been trading stocks for about 10 years by now, this stock has defied EVERY SINGLE THING I knew and expected to happen, quite honest I had never come across to something like this POS.
Reading the post fellow traders post here every day, Yahoo Finance post, Stocktwits and other stock forums has helped me understand this stock a little more.
All you need to know is that pre RS the Co had a market cap of $1,472,171 ($0.0295x499,031,000) with a ton of *unpayable* debt, they entered into an agreement with Maxim group to basically extinguish all the debt in exchange for new shares & warrants.
Maxim doesn't care how low the share price goes, all they care about is getting their $10+ Million back and so they are selling the new shares at whatever price they please. They should have about 30-45 million more to go and so the price is widely expected to go as low as $0.015 over the next week or so. The price plunge has nothing to do with the company's fundamentals which should be better once this Maxim dilution is done... it's simply Maxim selling tens of millions of new shares to get their money back.
I don't think we have seen the bottom yet...
Price stabilization is just the result of Maxim not unloading the next 10 million shares they will be selling soon, they are very likely just letting the price go up a little as to not scare off almost every person buying this POS... they just don't want to completely dry the well and not have any more buyers for the next 10-30 million shares they need to sell to get their money back.
They are just waiting for the right moment to strike back again.
Yeah $0.015 pre RS or $5.25 post RS, today's $0.0302 would imply $0.000086 pre RS 1:350 remember?
I've been trading this stock since June 16
New all-time low $0.0302 & Maxim not unloading yet!
Just like that… this POS stock doesn’t disappoint when it comes down to the 99% probability of a drop every day, I’m glad I sold all my shares yesterday, will wait until it hits $0.015-$0.02 share, chances are that it will get there by the end of tomorrow or Monday morning.
Wow! Wow! Wow! I dodged a bullet today I guess, I sold my 40k shares at $0.0459 and current bid is $0.0331 saved myself the pain of losing another $400. Very likely that this will be @ $0.02-$0.025 by Friday.
Everyone here should file a formal complaint with the SEC for the obvious securities fraud and theft of your money going on with this company, I filed my complaint last week and it took me about 5 mins. to do it online https://www.sec.gov/oiea/Complaint.html if we all flood the SEC with complaints about this company and the possible collusion between idiot Jennifer and Maxim they may end up investigating the POS/incompetent CEO and her team of crook on the BOD. I hope that some of them go to jail for this!
5-7 mins. of your time could end up putting that b#*tch and her friends in jail!
I agree with you @andrius... Maxim doesn't give a f*ck if they need to sell 35 million shares at $0.06 or 140 Million at $0.015, they just want their money and that's what matter to them. That's why I sold off my 40K shares @ $0.0459 today for a big loss, because there are (at least) another 35-40 Million more shares to go. It'll be around $0.02 by Tuesday morning probably, the lower the price, the more shares they need to sell.
It was there a while ago... they pulled it out within 1-2 minutes, Just baiting for your money probably. I'll wait for $0.015-$0.02/share to jump in again... millions of more shares needed to complete the dilution in exchange for the outstanding debt.
Just like that, the huge 2.5 Million shares order at $0.0359 is gone... haha, they are fishing for new suckers to buy 100K shares blocks above that price... I'm telling you IT'S A BAIT they are fishing for your money, DO NOT FALL FOR IT!
Wow... a 2,500,000 order sitting at $0.0359... that could be the bait for retail investors to think that's the bottom and jump in to buy 80K-150K blocks right above that price. Me thinks that's a trick to get more suckers in above $0.0360, big money doesn't usually signal huge buys like that to alert everyone ahead of time... Don't fall for it, another 35-45 million more shares to still pending to be diluted my friends. I'll wait until it hits $0.02/share.
I agree with you @andrius... after doing more DD about this POS stock, things don't look too good for the share price, specially with idiot Jenny as the CEO. My numbers were simply an assumption based on the total number of shares traded since 11/06 and an assumed 70% trading volume executed by the bastards at Maxim with new shares. I will not be buying anymore shares and will try to liquidate my 40k shares some time tomorrow. I have come to realize that if it didn't go up with great news today... it will definitely keep on going down with no news over the next 3-4 days. The interim analysis will help, but I now doubt that it will take it 100-200% up. I have made my peace with my $7k loss and I am done with this stock, it will not surprise me if it goes down 20% tomorrow,and 25% more on Thursday and 15% more on Friday, bottom line is that Maxim has another 30-50 Million more shares to dilute and they don't care how low it can go, obviously Jennifer doesn't care either.
71,263,371 shares have traded hands since Monday 11/06.
That trading day started with 499,031,000/350 = 1,425,803 OS and if you assume that 70% of all this trading has been done by Maxim (new shares) it would be safe to assume that by now OS count should be around 49.88 million.
Also, if they have sold 48.4 million new shares at an avg. price of say $0.17, that would imply that they have collected $8,228,000 by now and with another $2.1 million pending to be collected (diluted) at the current PPS of $0.056, they’ll need to sell another 37 million shares which would imply that this thing can be wrapped up by the close of Monday probably. I’m down about $7K with this POS but holding 40K shares and can totally see the light at the end of the tunnel from here... Remain strong and Monday should be fun for sure… GLTA
Hopefully we can see a 30-45% run today with this great news... if only Maxim's bastards take a day off from $DCTH for once! GLTA
According to the 8K filling from 11/28, there were 9,387,588 OS that day, but based on the increased trading volume since then, you can easily assume that by now we should *at least* be around 30-35 million OS, even if we end up with 50+ million shares after Maxim runs out, the company's market cap will not be higher than what it was on Friday 11/03. Plus after dilution is done, the Co. will be debt free and that will need to be factored for the new valuation, at that time big money will realize the share's undervaluation and you could see the stock go up 100-300% in 1-2 days.
Citadel Securities buying everything they can above $0.064... either covering their short position now or accumulating for what's coming over the next 1-2 weeks (interim analysis) either way, both are positives and I got a feeling that we will close 5-15% higher today, I may have to increase my bid for the extra 70K I want from $0.052 to $0.06 risk/reward ratio looking much better now as the PPS stabilizes... Maxim bastards running out out of shares to sell :) it's just a matter of time for this one to skyrocket 100-300%.
Holding 10K shares at avg. price of $0.20/share and ready to buy 70,000 more if it hits $0.0525... With 499,031,000 OS at $0.0295 before this mess created by the POS/IDIOT/INCOMPETENT CEO the company was valued at $14.72 Million, even if they end up with 58 Million OS at $0.25/share after dilution, they’ll still be below the previous market cap, but the difference this time is that they will be debt free (because dilution took care of the debt) and have a near term catalyst that can send the shares well above $0.25-$0.35 easily. I mean, this company is already earning $2M/Year Revenues in Europe from CHEMOSAT… how come the company is going for $0.06/share? That puzzles me!