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New low achieved almost every day now, quality management at its best, wonder how much they are diluting daily?
At this rate they will be ready for another RS within the next 6 to 9 months.
all jmho
Speculation to trade - a solid yes, to hold long term absolutely not (throwing your money away). Management clearly cares little about the retail investor, they will end up doing another RS (before the end of the first quarter next year in my opinion). Management will just issue compensatory shares to themselves afterwards to make up for any losses they incurred. Based on the current performance of the management team, I give the company 30-40% chance of survival.
Most likely they will be bought by a major player for any valuable technology and then shut down. There is no EV here, simply a tradeable stock, mainly to the downside.
JMHO
They have plenty of shares to dilute...they will dump enough to take it below a dollar again before implementing their next RS.
lather, rinse, and repeat we've seen this before.
Nice 7.5% drop, management has allowed any value here to be destroyed. I would guess they will be doing another RS in the next 18 months or less. Market hates the hire and the management team.
jmho
I trade the short side when there is volume and news to support it, I do not do it every day. IB allows a lot of flexibility for trading. I will continue to build and position (effectively trading around a core) as long as they continue to execute. The positive news was a welcome change from the abject failures of the management team recently.
all jmho
I rarely leave trades to the short side open for more than one session, too much risk on these. I have been building my long position back especially in the 7s, we will see whether they can execute.
will it hold $8 or will it collapse back into the $7's to hit another all time low tomorrow.
Jmho
Absolutely no reason to close positions based on the performance of the company...yes there may be a short-term bounce, but the trend continues to be downward especially with the looming dilution that the management team left overhanging the stock.
all jmho
Another all-time low, and it is still falling....such quality management.
Another all time low coming(Tom Petty's Free Falling playing now)...such a quality management team. Just wait for the next round of dilution to kick in, less than a year they will be doing another RS.
all jmho.
Short term bounce, but I truly think this gets taken sub $5 before any short-term bounce upward. My expectation is in the end they will fail and be driven to bk and then someone will pick up the scraps for pennies on the dollar.
jmho
Yeah, I should have. Still have my stop loss in and I only opened a small position long. I figure the Management team would not defend the pps after the RS...just didn't know how low they would let it go. Pretty obvious they don't give a crap about the common holder, six months from now they will be doing another RS.
jmho
Started building the long position at 8.50
That is Morgan, then he can pr he is doing a share buyback.....lol
jmho
Mine are just day trades, much more careful on the short side, definitely have to limit exposure. I will probably start at 8.50 and begin building a long position. Stop loss in around 7.50 or so.
It is in free fall now...nothing to support it.
jmho
Well, look at that another all-time low achieved, quality management team delivering again. A very good trading day again today :D
all jmho
I had no loss on Wednesday. This is easy to trade at this point, management has done nothing to boost value, the pps will continue to sink as they underperform in the market.
This will be another pps demolition, all they way back to sub $, with dilution and shorts. This will become the norm here, unless they take on toxic notes and really turn into a dilution machine.
all jmho.
Another perfect day on the short trade. It should finished in the 8s unless they drop positive news. The lower the pps goes the more shares they will need for their capital requirements. It won't be long before they are at the RS table again.
all jmho
Already got it done 10.16 to 8.84 it was nice trade. There will be more opportunities as the management team dilutes this back down to a dollar. Close at 9.37 (,312 pre split pricing)...that is quality right there, it doesn't matter though, they maintained a large load to dilute with.
New low and plenty of shares to dilute with, this will go back under a dollar before they repeat it (lather, rinse, and repeat).
jmho
There we go, into the 8s what a pos management team.
Girsky must have already fired up the printing presses....wow.
jmho
In freefall now....
Shorts will probably take this to the upper 8's before any bounce then it just depends on how fast they start diluting.
jmho
My guess is the "lender" was either Morgan or Curtis
jmho
Dilution, Dilution, and some more Dilution from serial diluter Morgan....OS will go from roughly 16k after the RS to 1B in no time.
Best to play the short side it will be quite lucrative.
all jmho
zero shares bidding... no bid x .0001 today. Well on Monday Morgan, should start with another change in direction and start selling asap
jmho
Lets see if we get no bid x .0001 today. That will be a major acheivement for Morgan.
jmho
already is there .0001 x .0002
Ouch that is nasty 1:60000. Morgan is truly an A$$ wipe.
all jmho
Would you care to state what the AS, OS, and float were at the time it moved above .30? To actually achieve that number again they would have to do a reverse split with at least a 1 for 25 as the ration...maybe greater.
all jmho
It won't take much volume to send this to the .0003s and then the .0002s and finally into the .0001s. The latter is where its true value actually is...well maybe closer to .00005.
Such is the life on the OTC
all jmho
Got to love ol John's gift to his buddies on conversions. AS raise to 5b is bold...i truly figured he would have reverse split first. Well no bid x .0001 is coming quick once he starts dumping.
all jmho
LMAO...keep pumping this trash...Morgan is that you or one of your errand boys? The only way this gets out of the trips is by 1:500 or greater Reverse Split.
all jmho
Survey...Take a pick
a. Morgan will raise the AS and attempt another round of conversions with more PR's
b. Morgan will RS the stock and do another round of conversions with a new product
c. Morgan is long gone and will let this wither away
:) all jmho
lol..what are you chasing 2 or 3 ticks and then bailing. ;)
JMHO
Based on Morgan's track record everyone should have known that the whole "Tover" thing was nothing more than smoke and mirrors game. It was never meant to launch just suck in a new set of bagholders.
Same ole, same ole
jmho
Yes it was. Lots on Ihub participated in the run. Some actually thought there was an actual product lurking here (unfortunately they didn't look who was behind the scenes tied to management).
all jmho
Yes, They have all been insider conversions, between Morgan and his buddy. As soon as they took control of the shell, there was an initial run to the .40s (if I remember correctly), and then a slow deterioration as the conversions hit on the toxic debt.
all jmho
The whole Tover thing was never real in the first place, just like all the other products he was going to launch. Been a scam since day one.
all jmho