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Sure that's a fair statement.
But I used house money from winners to fund my penny land allocation in my portfolio.
I disagree. In pennyland, people come out in droves to scoop up a stock in hopes of getting rich quickly. This can easily go to .10 on a positive PR - even without a done deal or phase 3 trials.
However, this might be a great SELL on the news if it is not what we all think it should be.
Well that was a weak run - supported with only $15K in investments. Looks like it will test .0135 floor again. Better hold otherwise look out below!
Then again, that run shows how quickly she can pop. Oh penny land.
Things certainly looking better today. It appears the dilution has stopped and shares look to be in stronger hands. This thing is ready to rock IF they can close the deal and put final pieces together. And it's a BIG if.
But man, this can jump to .10 with one PR - and that'll be at opening bell
GLTA
What's with all these odd share count trades? 4,999 and 9,999? And different trading platforms executing? Weird...
Very interesting. Thanks for the info & analysis TROW.
A follow up question, can Sabby sell his converted shares on open market without filing with SEC? Or is there a holding period?
They filed 8-K on March 6th - and attached Senior Convertible Debenture terms.
Buried in terms is the ability to convert $250,000 into common stock at weighted average price ... which was $0.002 at the time of the filing. Not the featured $0.33 in headline.
https://docoh.com/filing/1421204/0001213900-20-005591/NSPX-8K/file/2
This equates to 125M shares in dilution once fully executed.
SMH
Incorrect math.
Current market value is closer to $1,200,000 (given ~80M shares out there by now)
10,000,000 / 1,200,000 = 8.33
$0.015 x 8.33 = $0.125
My last CLAIRVOYANT post of the day. (And thanks to those who laughed at my original note here and deleted their posts)
I don't claim to know what tomorrow will bring. but todays trading activity makes the below fairly likely:
This will slowly climb back up to .019 - maybe even sniff .02 -by around 3:30pm. Sound good, right? WRONG
This will be followed by a high volume sell off to close the day at .016 - .017
GLTA
Ha! I am certainly intrigued by NSPX. I was drawn to it because of the upside.
BUT I did my DD and quickly determined this is possibly being highly diluted and day traded. I've seen this too many times. Been burnt myself a few times. Now looking at things from a different perspective and using this platform to grow personally and share my thoughts with others to potentially see this for what it actually is. A DAY TRADERS DREAM.
you sound desperate
Will head back north and settle in around .0145 til power hour
Exactly - well said HFM
Your claim of a supposed floor will flip upside down and become wall. Its written all over the trading activity
Things getting interesting here. Investors fighting back with a little more than the shorts expected. Could pop - BUT still think the day traders will walk it back down.
.016 support about to FALL. Will turn into WALL until power hour.
Next leg not til 2pm - at which point it will only recover part of todays LOSS.
Mark this: Todays low .0145 Todays close .017.
Slowly walking it down. Shake the tree. Prop up. Sell. Rinse and repeat. GLTA.
Volume drying up and price falling. Traders will be back once this goes down to .0145 and flip at .0175 by EOD by increasing price with low volume buys. That's what day traders do.
I'm not concluding the $30K transaction was executed by a day trader. What I'm saying is this stock is acting as a platform for day traders to easily flip due to trading volume. If the authorized shares are truly less than 25M then 125+% of shares were flipped today. Even at .0015 profit margin = $30K profits. Sign me up!
Once trading activity slows, day traders will move on and this will fall QUICKLY.
1.6M shares sounds huge but that only equates to 30K. Lets be honest - this is a day traders DREAM and once they leave - you'll be the one holding the bag. I am NOT invested but was interested earlier today. I did my DD here. Staying away and moving on to the next. GLTA.
The reason they can execute 2.5M shares is simple... Because outstanding shares are now more than 25M. Heading back down to sub penny within a week IMO. Seen this too many times. GLTA
CLASSIC dilution happening here sorry to all who invested in this. Textbook.
How many shares are outstanding?