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I agree, that is most logical.
Though this ticker has been following pretty sound technicals for the past month, which makes me think the people watching it/trading it know what they're doing.
Still looking for a drastic increase in volume end of today to tomorrow afternoon on wedge breakout as i posted last night.
GLTA
This is accurate. Highschool kid is my guess
Whats sad is a week ago you needed to ask what part of a bought out company belongs to shareholders. You were also using the word liquidation in place of buyout.
Now you try to sound like you sort of know what your talking about.
Just saying, lol
It's sad that a week ago you had trouble differentiation liquidation from a buyout.
It's sad that you needed to ask what part of a bought out company belongs to shareholders and now speak like you sort of know what your talking about.
Just saying, lol
They are seeking funds from NIH to fully cover the cost of BICX102 development plan. The grant submission was sent in the 3rd or 4th week of May, so almost exactly 2 months ago.
BICX is working with VRMX who have over 30 years experience in applying and securing government grants and contracts so we are in good hands.
Let's also not forget about the $1.1 million Private placement where private investors paid 20 cents per share. This fact in and of itself is very promising as an investor. This was on June 6th.
The run-up once Biocorrx receives grant funding will be fantastic.
Looking forward to it!!
GLTA
Been eyeing @ that .20-.39 gapfill since early June. Unfortunately that hasn't been where she has wanted to go so quickly.
Not one to expect news before the deadline, courts follow strict protocol.
Expecting a volume push at some point this week. If it does push, it will be the last time it trades in this region before the 31st. Chart says wedge breakout late tomorrow or early to mid Thursday.
Without volume this is range bound as we've seen the last few days.
GL and godspeed
Looking at what technical?
And what might that reason be?
Perhaps it being up 1000% of the low in 3 weeks had something to do with it?
If big boys aren't in the picture as some have suggested then who knew that .725 would be the top? All retail trades just cumulatively decided .0725 was enough?
Maybe all these <1000 share trades at the bid are demoralizing buyers hence the lower volume and interest.
Lets not forget how many millions of shares were bought below .02 and how many have likely sold out.
This stock went from .004 to .0725 on buying pressure, thats 7.5 cents and only dropped 1.5 cents on selling pressure.
When the next run comes no one will be scratching their heads about "why not 0.055 anymore" because this meaningless chitchat happens at every single level
Buy their debt and then what?
I'm curious what leads you to this conclusion?
Big companies whom have the opportunity to buy a distressed company's assets, potentially take it over and get it to full capacity and you have a "bad feeling" about a company buying their debt, to get equity??
Belaboring the obvious
Because there's not enough buy volume to move the ask.
And...
There's not enough sell volume to move the bid.
However there has been much more selling into the bid as of the past couple hrs than buying into the ask.
LOL!
I couldn't keep reading his posts every single day. Had to cut him off.
Next month ;)
Lots of selling into the bid. Decent accumulation considering that Madonna GAP we had this morning
Exactly. Same stuff as the past few days.
Will only break out and maintain price with support and/or much more volume.
Decent buys coming in. Need to see that support.
GL
In a buyout situation a low market cap relative to the value of assets is not a bad thing. LOL, my friend
If you knew this then why ask a loaded question like this:
"if there is a buyout doesn't the stock become worthless because the co. doesn't exsist ,any new co. has its own ticker"
Anyway, you fail to mention the state and potential of 'most other Q's'.
There is plenty of evidence to suggest the contrary.
But i agree about not betting the farm.
GL
If there is a buyout the equity is assigned a cash and sometimes a equity conversion to the buying company's stock (if public).
After a predetermined conversion date by which the stockholders must choose cash or equity, the bought company will cease trading and all the shareholders will dance away jumping in the air spitting nickles.
The YEAST Boys *****
Agreed, good to see.
Today was pleasantly uneventful.
Good weekend to all.
The individual who said they owned 1 mil shares. Sold 500k @ .055. Guessed it was going down 1 day and was right, got a confidence booster and thought people would listen to him and now doesn't post because he/she was wrong.
Standard stuff on investment forums
Learned something new today about interlisted securities.
Thanks for the update
I question the total o/s for this reason:
O/S Nasdaq BIOA was: 129 mil
O/S TSX BIOA was: ~37-40 mil
Both of these groups got converted to BIOAQ. Which would mean there's something around:
166-169 mil Shares Outstanding
Do correct me if i am wrong or provide your own thoughts on this ....
100% agree. Why even post holdings if you cant provide proof. Absolutely meaningless
Surprising considering there hasn't been an inordinate amount of volume so far
used the word liquidation ****
Thats assuming they liquidate they assets which is very unlikely for a variety of reasons.
My statement was concerning a buyout. The bidder would have to buy the assets and the debt is another story.
Financial (debt) restructuring or Buyout. Those are the 99.9% chance options
I never said it was worth nothing.
However it is surely not worth billions of dollars as it stands today.
250 mil has to cover assets and presumably the debt (creditholder) figure as well.
Whats left over goes to equity (shareholders).
It`s not 250 mil to JUST buy the shares of the company. p.s.
Great question. The answer is mostly because $1 is a pipe dream.
If you include the 37mil TSX shares that got bundled with the 129M Nasdaq shares that puts us around 166mil shares.
People seem to think that the equity after assets and debt will be worth 166mil dollars.
A reasonable assumption would be somewhere between .20-.30 cents.
So you forecast the stock going down to .03 and you sell at say .05 and then buy back at .03 and you get 40% more shares by buying back at the lower price {(.05-.03)/(.05)}
or
Lose 40% of your investment to add a few shares for a rally back to .05
How about losing 99% of your investment to average down? Is that still in the realm of making logical sense.
Genuinely curious
They would like to lose 40% of their investment in order to average down some more.
Makes sense to me
People thinking MM's read the board and are being passive aggressive is what i think.
Nobody can be that 'out there' to want to lose money in order to average down
That is the very definition of insider information.
You think a company bidding on Bioamber is going to take a random phonecall and tell them how much their bid is in a sealed envelope process??
Thats some fantasy stuff.
I'm sure Cargill is taking calls from other bidders asking what their bid is in at because they're giving that info away like free food at Costco.
Smh
The stock markets favorite quote.