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So we should have news on avoiding the R/S soon since the meeting was on the 23rd then we are basically at 5 days today for the forced r/s assuming the securities offerred last week are live. So i would think something has to happen soon
This has been fun watching the Pre-Market, was hoping for just a straight run, but it is early.
So Trump wins tonight, the offering closes sometime this week then we will see maybe .75. Next month if Trump carries SC we bounce again, at that point Haley might drop out of the race. When Haley drops out then I think we could see dollar land which may stop the potential R/S if the company share price doesn't get above the min. I hope we get to a dollar sooner though. Whenever the R?S gets avoided it could even run further, this is what I am hoping for of course.
i got more shares under .42 and if it drops more i can average down if it goes up then that is just as nice. :) MPGA
im not crying if that helps
Yeah, i am hoping for the closing of the warrants either pre market or even after hours would be awesome if trump wins NH
I would personally like an opportunity to enter at .075 :)
I am thinking either the offer will close today or Monday. I hope Monday afterhours the offer closes then Tuesday is the NH primary and we if find out Trump wins hopefully in the afterhours or later then Wednesday could be a PHUN assuming they don't do additional offerings lol.
I am pretty annoyed by the offering, I am not allowed to buy or sell in the pre or after market. :(
8-k is out https://www.sec.gov/ix?doc=/Archives/edgar/data/0001665300/000162828024001702/phun-20240116.htm
Although I couldnt tell if this means the sale is over for the warrants.
I know it sounds cheesy but i really hope DT slogan for his campaign for 2024 is MPGA - Make Phunware Great Again
I am so annoyed i didn't buy this last week when i found it. :(
I will say from watching on the sidelines that the bullish traders are only right potentially on the day trade. I agree long term this will go into dilution again. The SHN is no longer a beneficial owner which confirms their website is BS and they are toxic lenders in my mind. The link to their 13G if anyone is interested. https://www.sec.gov/Archives/edgar/data/1543268/000107997324000051/shnf_13ga.htm
Here is the link to the Short Interest Report from the NASDAQ. https://nasdaqtrader.com/Trader.aspx?id=shortinterest
In addition, as i am sure you know under rule for FINRA rule 4560.
Here is the link to the Short Sale Volume Data from 01/05/2024
https://cdn.finra.org/equity/regsho/daily/CNMSshvol20240105.txt
I know you're struggling to complete all of your thoughts so below is the link explaining the TXT file.
https://www.finra.org/sites/default/files/2021-07/DailyShortSaleVolumeFileLayout.pdf
On Friday, Short Volume per FINRA's website was 160,478,220. Again, I am not sure where or what will happen to the stock, but on Friday over 50% was shorted volume.
IDK where this stock will go and something is going on that we don't fully know but below is directly from Shamir Capital's website. http://shamircapital.com/
Shamir Capital is a leading Israel-based hedge fund managed by a team with over 25 years of experience in successful investing.
S.H.N Financial Investments (or known under its brand name “Shamir Capital”) has matured to be a strong investment partner for micro-cap to mid-cap companies all around the world.
Our experience and sector know-how have not only made us a trusted partner for many companies, but also for analysts and financial intermediaries worldwide.
Shamir Capital values innovation, visionary investment ideas and transformative businesses that have strong growth potential and a long-term value proposition.
We strongly believe in the long-term success of our investments and have an investment horizon of up to 5 years. In this period we let companies unfold their potential and follow the development closely.
We are always focused on the highest level of professionalism and consistency and have a proven track record of investing into undiscovered jewels.
Charles Schwab was going to let me put in a Sell Short order
Any one notice on ITEM 8 of the annual report on the last page 10000000 series a preferred shares will be issued to a Chen Ya Zhou from March of 2020. I wonder what his relationship is to the shell. S4 is interesting although that was pack in July so no impact there really. I have tried to find that name for the guy but I can’t find him
Are they any current brokerages that are allowing purchases? TD Ameritrade is saying a chill is in place and I keep telling them I like the cold ??????
New here, outside of the small float and the attorney letter what else is causing the recent activity.
https://www.otcmarkets.com/stock/F/profile
Ford doesn’t have social media so can’t trust their shit either I guess... not saying it isn’t fake for igex just think we can do better
NSAV also no social media
https://www.otcmarkets.com/stock/NSAV/profile
We can definitely trust Elon musk tho talking about bitcoin
Trader Ron was saying IGEX was connected to a couple of people who committed Fraud. Currently IGEX has not been named as a impacted ticker when these bad actors committed the fraud. So they may of been connected to IGEX but the SEC hasn’t named IGEX as a impacted company from what I can find. So I am trying to find what Trader Ron has been able to find that says otherwise.
https://www.sec.gov/litigation/complaints/2021/comp25118.pdf
I was able to find anything based on the instruction provided. Wasn’t able to find anything in this SEC complaint.
https://www.google.com/amp/s/www.cnbc.com/amp/2021/06/18/men-charged-in-shell-company-stock-fraud-scheme-used-sec-filings.html
Wasn’t mention in this article that IGEX was part of it.... your turn to get a source
Those were filings just done? ??????????
Glad I left that shitty V$YM for this beautiful Stock!!!!! Let’s hope we all make some money ????????????????
I think you may be right because of the dilution. Also at one point in a tweet the company mention maybe a dividend. I took a loss on it and two weeks ago I would of been happy just thought the “next pr” would send it running. Hopefully it does!
Please provide the link or screenshot of where the word gulilty was used. It's not in the decision. It does say deficiencies in filing were "proven" but revocation isnt proper. Case dismissed. Flat out
Regardless of the reasoning for the judge they won the initial decision. Because the failures in the filings didn’t merit revocation which is a precedent.... weird
Dbmm did not file, but they didn’t file because they were trying to protect the company from Asher who eventually was considered a “Bad Actor” furthermore the accounting firm was no longer allowed to provide auditing services. Dbmm then went to another accounting firm but the firm didn’t provide the services paid for. So please tell me how this is like the Absolute precedent.
Have you ever read on the company WeWork and the money they paid that CEO after he trashed the company. The top dogs always get overpaid....
Does everyone seem to forget in the decision the judge gives guidance that typically for the violations that Dbmm had they would be suspended for 12 months and then have the ability to reinstate, the judge also gave weight to not revoking because of satisfying the shortcomings in the filings. The judge also indicated DBMMs case is different then previous cases because of the bad actor Asher. The judge also acknowledge the lack of filings because the company was trying to do what is best for investors so there was no fraud trying to be committed. This could stretch out for a long time that is for sure and just to remind everyone the has to be one case to set a precedent and DBMM so far is that precedent.
I just I had money to add :(.
Without selling I am currently up 15 times my original investment right now. I guess I am your 94%
Great insight. A company got in trouble for not filing financials because of using resources to fight Asher so they couldn’t file financials because of money and some how you managed to discern they don’t have good financials. I mean your insight is so refreshing.
She didn’t create her own yardstick. She clearly stated the normal length of suspension for a company in this scenario is 12 months. Then states Dbmm basically has already went through enough dealing with the SEC. or they did the other requirements under Gateway where the two failures don’t matter enough. The judge didn’t say explicitly but the ruling in DBMMs case indicates one of the two scenarios.
To me she is just asking for a clarification because the initial decision didn’t say everything. I think the judges judgement pretty much clarified that DBMM met the other 3 things under Gateway.
And I am saying 3 years old quarterlies are not necessary especially when the company is giving updated financials. The people against DBMM (not all because I know you will say something if I don’t put this in you will focus on that statement instead of the whole message) even state nothing has change for this company for like ten years so why do the quarterlies matter? The SEC the last two years should of focus of the fraud coming from China because that has repeatedly cost people money because we thought we could trust a foreign government to be just honest and make sure their companies are complainant.
Are you saying they did the right thing by requesting the review? I don’t think it is because the financial documents that weren’t given are so dated the information doesn’t matter. Do you know what China companies get away when they become listed here is the US? We basically have to trust them at their word which led to many China base companies being garbage and cost investors billions, but yes let’s focus on Dbmm. They’re now just trying to get audited financials as a requirement. https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1WE0P5
And I agree with some of the stuff you say. I agree DBMM made poor business decisions, and some things were outside of their control. Hopefully DBMM has done enough to move forward, that is what I hope for obviously.
The complaint was in reference to the length of time the SEC is taking to resolve something. So if you think 2 plus years to resolve a issue on a OTC stock is fine that is you. For me, DBMM should be focus on the larger fish they get more money that way anyways.