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SEC needs to be more consistent with these Covid-19 suspensions. For example, look at the news on NBDR. This is a dental and CBD company that now is touting a home test kit for Coronavirus. Come on. Not trying to defend ETBI, maybe there's something else going on, but at least it's a biotech company.....
Too many converts, trips likely coming soon.
With converts coming in this could get a lot uglier for shareholders. They need to pay the notes off asap. Are they using the MCA to pay off notes or working capital?
Algos on the short side. This issuer is going to trips. The dilution on these penny weed deals is UFB. It is what it is...
.00005 converts is the issue. Great to see retail investors are doing some DD, learning and staying away from this type of scam. This deal is done....
Retail investors are getting smarter. They aren’t going to fall for the convert pump and dumps anymore. As an issuer, you’re going to have to bring something to the table and if you can’t you’re not going to have buyers for the convert holders to sell into. Additionally, offshore firms are offering reduced margin requirements to short, especially against toxic notes.
Tell me what's wrong with this picture. Take a look at the latest filing and pay attention to the outstanding and recent issuance history, free trading shares in particular.
https://backend.otcmarkets.com/otcapi/company/financial-report/238316/content
Now take a look at the recent opinion letter.
https://backend.otcmarkets.com/otcapi/company/financial-report/238319/content
Why are they issuing toxic notes? They have enough going for them that they should be able to raise money with equity.
Great to see this issuer finally getting some traction. Real company, real management. Both of which are anomalies in penny land.
Form 15 in 04 and no filings since. Seeing more and more of this lately. These tickers should be halted immediately.
I wonder who is taking the shares for liquidation? Seems like a pretty big risk for a broker to be taking these shares in given PNTV hasn't filed a Q since 9/30/18 and has a stop sign up.
I'm thinking we rally into the numbers and then buy the rumor sell the news profit taking will come once we get the announcement.I believe last year they reported around the 21st.
Great piece. Thanks for posting!
Lol, you’re are a smart person/guy//gal. Not sure how to respond on social media without upsetting or offending somebody. You are correct. Howard cut his teeth at Kingsbridge Capital doing pipes and heavily discounted notes. White box out of Minneapolis was another firm that was doing these deals at the same time, late 90’s early 2,00’s. Howard’s extremely bright and an aggressive risk taker so he deserves the success that has come his way. Merry Christmas, HH to all. I love this board.
No dilution while the yield sign is up. Great time to buy for a trade. The yield sign coming up is a great opportunity for traders. Take advantage.....
Robbinhood was funded by the same VC group that brought Stocktwits. It’s was a great way to capture revenue from the Stocktwits platform. All your market orders are being front run and if you enter a limit order you will not be filled unless there’s market moving news.
Or wash trades.
Email gets kicked back, an obvious red flag. This one is headed for CE.
Hopefully just getting started. This could easily be a $2 dollar number with all the positive catalysts coming.
LOL, Million share seller on the offer all week. Toxic funding and no news, short it to mid trips.....
Dilution over? It appears that it might be.
They will merge the THC assets into another shell, sure, but the result will be a double dilution situation for existing shareholders. They aren't going to give up an opportunity to print and sell more securities.
Denver based seed to sale Hemp and CBD producer has doubled since debuting on the CSE Tuesday. Put it on your watch list.
Trips
I bought $5k based on 420's tune droppage alone. I'm not sticking around until a buck; .15-.20 is fine for me, but I will spot for a plane ticket to spend profits on a weekend partying with you. You Go Bro!
Form 144: Can someone help me with the mechanics of this form? I thought it was filed to alert investors an affiliate/insider of their intention of selling shares? In this case, the 144 form was filed almost a month after the last sale.
https://www.otcmarkets.com/filing/html?id=13610340&guid=RymfU6ImV7JsX3h
I stand corrected. ALPS is alive and well. They were somehow able to reverse the Cease and Desist that was issued on 8/14.
https://files.brokercheck.finra.org/firm/firm_14952.pdf
I guess with 42 regulatory events you can still survive. They are entitled to due process so I guess we have to wait and see.
It's not surprising though that the issuers they are back on the box on are mostly scams/money laundering operations. A list nodummy should investigate. 2,4,7,12,14,24.
https://www.otcmarkets.com/otc-link/broker-dealer-directory/ALPS
However, DUOT is worth some DD. They have some technology and a management team that is actually trying to build a company. Unfortunately they ran out of cash and had to whore themselves out to the likes of Alpha. All my opinion, do your own DD and of course I'm waiting for funds to clear!
Sure it does. By allowing them to get liquidity, they have capital to recycle into new deals. Between the 15-20 toxic funds and the 30-50 deal guys(and their minions; thanks IHUB!), they probably control 20%-30% of the NRP's. The money being raised now will be recycled into another ticker that will be ready for liquidation in 12-24 months depending on who(and what exemption) they are using for liquidation. By keeping the ticker "viable" it benefits OTCM. Given the regulatory environment, they know they are at risk of loosing a lot of their issuers, hence the new tier. The liquidators always have the next deal in the que. The question is where are they liquidating? COR and AlPS are done. So LEK and WD? Rinse and repeat...waiting for funds to clear, lol.
Just the tip of the iceberg....
ELGL? Why do they continue to let this ticker continue to trade? Filed a 15 in 05 and dark on OTC since 2015 and yet trades $150,000 of volume today? If I start a twitter account specifically to call out FINRA and the SEC with regard to these fraud tickers, how long before it get's banned? What firm(s) are executing orders? Are firm(s) taking 144 orders? I'd like to know where these guys are selling this shit. Any ideas?
Senator Corzine allowed back in the Biz. Probably the most obvious sell signal I have seen in 35 years of trading. The next 18 months is setting up to be a one hell of show. I'm going to hide out in CLSI, because you know, it's going up and they have been dark for 10 years... lol.
What's shocking is that ALPS has been able to survive this long. I get that you are entitled due process, but the reality is ALPS should have been put down years ago.
You are correct. It's my browser. I've been experimenting with Brave for the last week or so and it's blocking the charts.
No more charts on OTC Markets? Perhaps they have come to the realization that half their issuers are going to zero over the next 12-18 months and providing charts are immaterial.
I'm in the same boat, let me know if you find a broker...?
He's trying to sell the shell. The buyer is asking what's out there in cert form and the CEO has no idea. Hence the request. Don't equate ignorance with nefarious activity. A lot of these guys running penny deals are puppets.... Here's a homework assignment for you: SGMD.
It's best to start from the beginning. How did you acquire the securities and from whom?
My Bad. Nothing has changed. I heard that one of the big penny clearing firms(sans COR) was also going to be shut down or at least be neutered, but that is not the case. Makes sense, why would FINRA put one of it's best customers out of business?
Who's providing the liquidity to liquidate the scams? That should be this board's focus. It's easy, but nobody here seems to care. Are you taking advantage? Take away the liquidity and your problems that so many speak ill of on this board are solved.....
Yup...