waiting for the other foot to fall
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Part of it was just total disgust for the fraud. Also in 2003 I was VP Engineering of a startup and very active in martial arts, leaving me no time to trade. A serious train wreck of a fraud and working partly for equity left me little stake - even sold my Harley to get that ball rolling.
From then till the China boom I was just in startup mode. Made some good money in those and then got caught eyeballs deep in LPIH... gave most of that back.
This past year I've ramped back up but almost all tech stock options and stock. Despite catching a falling knife in March and holding one day too long in September, it has been a good year.
So why come back to OTC at all? Partly following some plays from an old co-victim of one of those earlier frauds. Partly realized I have learned some lessons that will help me avoid making oversized blunders again. Mostly, after 17 years of hard work I have a big enough portfolio to play these for fun and profit (mostly the latter) and not bust my plans to semi retire this year before my 58th birthday... Bonefish flats in Belize are a-calling.
I am never sorry to watch a stock keep flying after I sell. If I took a profit that met my target, best of luck. What irks me is raising my sell point and just missing then being a bagholder... or having options expire worthless that I coulda sold for a double. Just do your trades and let others make up their minds.
look at AWGI from last week - tripled in 2-3 days so far. This should do similar.
that was what I thought as an empty shell, but similar can happen either way. Retirement money, so I'll get to where I hold a million or so 'free' and be more comfy riding that out. Same approach to the other one I mentioned.
I have made a lot and lost a lot in OTCs back in the tech bubble day. Avoided them like the plague since 2003 or so.
Just now letting them back into my trading... so far net gains.
you can offset large gains in future years with the carry over loss, so realize them and put the money to work.
ah, no idea what the CDN account rules are. this ATVK, and UBQU are the crazy ideas right now in a retirement account, so I am impressed they allow it for me.
A completed merger includes the value of what was merged into the shell. Assuming they already have value that means they would have 80-90% of the post merger value. Definitely still room for upside and the share reduction will improve that if it wasn't in golden's calculations.
another case was probably delayed and they won the lottery for the slot...
ok, I assumed and hoped it was an empty shell getting dusted off for a merger, but I don't care.
Updraft looked good on a chart and a bought them for that. Expected it to behave next week like AWGI did last week. Actually not having a business might have suited me better ;)
any real company merging with this will want to be listed and liquid, meaning dollars per share not pennies. There will very likely be an RS but so what? Cars have transmissions for a reason.
I did with ameritrade... look into your account permissions as they may be protecting you from yourself...
is there any operating business?
LAWRENCEVILLE, NJ , Jan. 22, 2021 (GLOBE NEWSWIRE) -- Celsion Corporation (NASDAQ: CLSN) (“Celsion” or the “Company”), today announced it has entered into definitive agreements with institutional investors for the purchase and sale of 25,925,925 shares of its common stock at a purchase price of $1.35 per share in a registered direct offering, priced at-the-market under Nasdaq rules, for gross proceeds of $35 million before deducting placement agent fees and expenses. The closing of the offering is expected to occur on or about January 26, 2021 , subject to the satisfaction of customary closing conditions.
A.G.P./ Alliance Global Partners is acting as lead placement agent for the offering.
Brookline Capital Markets , a division of Arcadia Securities, LLC , is acting as co-placement agent for the offering.
This offering is being made pursuant to
yes, I have been in and out of this world for decades. When they run on news it is also often for this reason.
LAWRENCEVILLE, NJ , Jan. 22, 2021 (GLOBE NEWSWIRE) -- Celsion Corporation (NASDAQ: CLSN) (“Celsion” or the “Company”), today announced it has entered into definitive agreements with institutional investors for the purchase and sale of 25,925,925 shares of its common stock at a purchase price of $1.35 per share in a registered direct offering, priced at-the-market under Nasdaq rules, for gross proceeds of $35 million before deducting placement agent fees and expenses. The closing of the offering is expected to occur on or about January 26, 2021 , subject to the satisfaction of customary closing conditions.
A.G.P./ Alliance Global Partners is acting as lead placement agent for the offering.
Brookline Capital Markets , a division of Arcadia Securities, LLC , is acting as co-placement agent for the offering.
This offering is being made pursuant to
AWGI in a slight updraft and should be capable of a double if there's anything behind it.
I was beginning to get an itchy sell finger and voila.
TD AMTD is not the best platform for OTC but trading well below bid?
it does look curious. I see they did start another trial right after that and the shares sold in September are 'absorbed'. Maybe things are turning a corner...
what has changed about CLSN since they were made to terminate a trial in July?
FlexFridge was redesigned to be used for medical purposes...
... IE COVID vaccines that don't require deep freeze?
good call. bought at $4, set a $4.45 limit and raised it just as it printed 4.44... it walks on air so far.
terms of a deal would be dependent on share structure and resolving legal cases, so at most LOIs until then.
my gut says a consolidation sub $4 for a while.
the PR that came out was this patent, but someone tweeted about it that either did not understand it or did and knew others wouldn't...
September 29, 2020 03:36 PM ET (BZ Newswire) -- News
- Tweet From Patent_Stocks
Lithium *is* used in batteries, of course, and it is used in pharma. In our case, it is used alot like gallium is used in gallium nitride - it is part of a compound crystal. Positive Li atoms and negative niobium oxide form LiNbO3 lithium niobate. It is a very good material for making electrical and mechanical waves interact - allowing a designer to make a very high quality mechanical structure that filters RF waves.
The patent is around new structures and processing methods to make better filters, potentially cheaper filters, etc. Murata has been doing the evaluation because of the promise of the patented technology. Had the patent been rejected, a competitor could have perhaps replicated the invention.
The combination of granted patent and technical proof of concept by the largest filter producer should have done more for the stock, but this year every time someone expresses a covid opinion related to the markets, the reset button gets hit again.
Every cell phone has a number of these filters - most designs use a filter for each LTE or 5G frequency band. It's a large number of filters per phone and a large number of phones (and iot devices, etc.). Individually the filters cost pennies and the income to Resonant is a small slice of that, but the numbers are large.
Like I said though, I have a very small position and have not run the numbers.
The revenue from the milestone is really immaterial other than as it relates to needing to sell more shares. The only way this stock sees its real potential is if Murata and others use the IP in products. Then they get an ongoing royalty stream.
The milestone is important in that the experimental devices confirmed the advantages of a technology. I am not heavily vested enough to dig into details on any ove it, but I have been in SAW devices since 1979...
The news today about the milestone with Murata is for more significant - this is a 5G play and an IP licensing play. Getting into production at Murata (or Skyworks or Quorvo) is the play.
took 3 weeks.
whoever put out the PR was trying to pump or was confused. Lithium is an element in the crystals used, but it has nothing to do with batteries or storage or energy.
lets see how many days it takes to do 130.72 ~ 150?
retirement money, not current income.
that would make my 2K shares happy.
You said. I put some patient money on it but should have been more patient doing so ;)
if only they had said which direction (and I had read it).
140.99 pre market peak. 2-3 days too late for my July 21 calls though.
overbought and oversold indicators are useless unless the conditions are reasonably steady state. IPO singularities and floats expanding by multiples throw those metrics out the window.
In this case there is a concerted short selling effort that was willing to pas a coule dollars a day in borrow fees, a total lack of shares to short, and a large amount of new ammo coming their way. Even if zero warrants are redeemed (so those shares cannot be shorted) and even if the IPO shares don't want to sell, the brokers holding those newly unrestricted shares will lend them.
Meanwhile the chatroom enthusiasm simply is not there to prop it up and the company is not appearing to stand out with bookings, etc.
Add to that that people who appear to talk with the company are all but certain the warrants would be called as soon as possible and this is a recipe for disaster.
at or above zero, right?
my only interest was the arbitrage between the shares and warrants. i made some and got out. Glad I did. There is nothing for me here now. I have zero faith in the CEO.