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I think we see 1c before we see 2c. Happy to be wrong.
i think we are close to bottoming. Yes, we probably see a 4 handle on the price but it’s way over sold and buying will come in
Well the up-listing to OTCQB has been completely underwhelming.
That’s a fair point! Let me rephrase my concerns, is nobody else at all worried that the raising has still not completed approx 8 weeks after it opened?
That’s my exact point, no $$$$ no acquisition! So it is highly suspicious that we have zero updates on progress since the offer opened. Why would that be?
Yet again no update on how the current capital raising is progressing. Can’t buy the farm without it.
I’m more interested in hearing about how the capital raising is going at 2.5c. Without fresh capital all the best plans they may have go nowhere.
Im wrong again, I’m reliably informed the 1 million sharesellers were in fact ex employees not current employees, my apologies.
With the price now being around $10, which is the price both original SPAC investors and more recently the PIPE investors paid, the question is what happens next? Are they prepared to sit and wait for FDA approval estimated in 2023 or will they instead continue to sell?
It seems I was wrong, I understand the large selling is coming from staff as lock up period has finished. Given many would have neen issued stock well under $1 you can hardly be critical of them taking some profits.
My best guess is this is PIPE investors at $10 unloading their stock. Strangely it bounced back from $10.47 to $11.86 in after hours trading
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This is a joke, how can the CEO provide an update without referencing how the $7.5 million capital raising is progressing?
Nycdream, I really appreciate your comments, especially as it seems you have been around pharmagreen for 3 years.
Hi BCV, thanks for the info. I was aware of some of that. But the reality is without money this company has no way to execute their plans. We are looking at a price today of 0.0231 cents which is below the current capital raising price. This is not attractive to investors being asked to pay 2.5c. Yes maybe just a temporary blip in price, we shall see. I’m holding 500,000 shares and I have no interest in selling at this point. But the clock is ticking
To be honest I don’t know enough about the Co I was just tipped into it. But from my limited understanding they are a long way off production and therefore orders. Very happy to be corrected from wiser heads on here.
The key for me is the capital raising that is underway at 2.5c. Does anyone have any idea how it is progressing? Without cash this CO goes nowhere. The imminent uplisting should help attract potential investors.
$12.68 close today but I still think we see lower prices over the next few weeks as a buying opportunity as PIPE investors get access to their stock and cash out. Mind you I've been wrong plenty of times before LOL.
Not sure how the company expects to raise money at 2.5c when the stock trades below that price. Am I missing something?
Consider this, for Vicarious to have a market cap of $6 bill or just 5% of Intuitive Surgical's current market cap, it needs to trade at $60 a share. I see no reason why this can't occur in the next 2 years with FDA approval. If nothing else it is certainly food for thought when you consider the stock is currently trading at $12 and as outlined in an earlier post, I fully expect we may see some short term weakness in the share price over the coming weeks. That in my view will only make the investment opportunity even more compelling.
Very early days, being only 1 day lol but perhaps these PIPE investors may be stickier than I thought they would be or maybe they are still trying to get the securities into their broking accounts so couldn't actually sell yet or more likely a combination of both.
I'm very interested to see how the next few weeks plays out, both in terms of daily volumes and price action. I should disclose I'm long the stock and intend holding.
PIPE investors at $10 are just about to receive their stock, and can sell with no escrow now that the securities have been registered and ticked off by the SFC. I expect this to trade back towards $10 or even lower as those short term PIPE investors take profits. Having said that, i do see it as one last great buying opportunity to pick up more stock around $10 or better, before I see this climbing steadily higher until FDA approval expected 2023.
Thanks Taur, still curious why we are not seeing any bump in the share price from the promotions.
I was tipped into this and bought in over 2 months ago. Price has been flat or slightly negative ever since. All this promotion and PR has done nothing for the price which is hugely disappointing. Does anyone have any knowledge of how the 7.5 mill cap raise is going?
I just dumped 80% of my shares, I’ll take a Small bearable loss. Keep 20% in case a miracle occurs lol.
That’s true if you buy after the split but for current shareholders this is a complete disaster, never see these do anything but destroy shareholder value for current shareholders.
10,000 to 1, can’t say I have ever seen a reverse split of that ratio
Haha, apologies I genuinely thought you were looking to sell
Hi, I’m looking to buy more, how many are you looking to sell and at what price, perhaps we can arrange a cross trade.
I’m hearing things are finally starting to happen here. New CEO to be announced shortly, anyone else hearting the same?