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Who knows.
Basically it is just a formality required by the SEC that a company needs to either become current or uplist. Basically a letter of recommendation.
That's a good sign.
It's pretty strange. Add in the fact he stopped posting on this board and that is why I think he is no longer with CUBT.
He is. Or was. I wonder if he was fired.
What is the major Major Malfunction this time? Jan thru March we had Student of the game and a few others saying that things were close. Very close. 2 weeks close. Student hasn't posted in a month and the others have gone away as well.
Pretty obvious that whatever was supposed to happen? Fell through. Again.
2 more weeks? Right???
Just 2 more.
It will. Don't know how soon.
Well so far I give CUBT credit. It does look like small steps, which add up, are being taken to build this.
Expecting a bigger step soon. Maybe even an elevator going to the top floor.
Many are. But since this is such a low float stock it is easily manipulated.
I have watched this company for over a year now because I find their business interesting. But wow, this has to be the 5th time at least that I have seen them do this. Drive up the share price for a day or 2, and then do an offering. Happens every time.
What is always amazing to me is how the MMs/underwriters bring in the suckers to buy it when they know it is going to tank when the filing comes out. All I can really figure is they have their 'guys' buy low. In this case from $4 to $6 or so, and then when the daytraders rush in when they see the price and volume increase from these guys buying? The insiders who bought early then dump.
It really should be illegal.
I have just been sitting back with my 1.7 M shares and letting this do its thing Sure acts as if something good is coming. Of course a bio tech with the right news can go crazy blue sky. So fingers crossed.
I made a lot on this on its way past 20 cents a few years ago so it owes me nothing, but for all the shareholders sakes I hope we get a giant run soon. It kind of acts like it wants to.
Sure did.
Yeah.....how the stock went up 800% on 100 K shares the last 2 days is pretty funny. As for Larry and previous management? I came to the conclusion years ago that they were not into this to drive the company forward. They had chance after chance, including the opportunity I presented them, and all they cared about was IMO lining their own pockets via the gravy train of cash that the Good clinic could bring in via private investment. Not actual revs and business operations.
Larry 'strip club' Diamond was a total fool and he should have been fired years ago. (I said this many times) The women COO (can't even remember her name) was pretty competent and was open to M & As but she obviously was money hungry and went for the quick buck because she probably saw how incompetent Diamond was and knew there was no real future with MITI.
What happens from here? I have no idea.
Being honest, a lot of the RS plays on the NASDAQ have worked out well as of late. Very hot. They get better funding after the RS, so the dilution is much less toxic. Plus day traders like to play the stocks which have such a low OS and float on the NASDAQ (no commissions) ....that they can flip 100 times a day.....which CUBT would have after a RS uplist to a higher exchange. I have traded 6 different stocks in the past few months that did a RS and traded much better after.
So if CUBT can RS onto the nasdaq with funding and a plan to monetize their drug port? Could be a huge winner. And I say that as a realist....not a Kool aid drinker.
I will never forget the amount of vitriol, both via public messages, and private, that I received from certain factions from the BDPT board for telling it like it is back in the fall.
I never expect an apology on these boards from the things people say.....but in this case? Big exception. There was a huge reason why certain people kept feeding the lies. Because they were selling the whole time.
Word is....and take that with 100 grains of salt.....filings to get back on OTC markets are near.
Very encouraging price action and company action as of late. Hope to see more of it.
I think the fall today has more to do with BTC falling 8% this morning.
Bitcoin looks set to go over $45 K and higher in the next few days or so. Chart looks amazing. As long as that happens I don't care how much dilution is taking place...and we actually know how much the OS is after this offering...620 M. This isn't a pink. This is still on the NASDAQ.
Crypto is unlike any other trading vehicle I have ever seen. When it gets hot? It gets white hot. Everyone and their brother piles in. BETS at .015 is a complete no brainer here.
Bitcoin over $44 K tonight. Next leg up.
Really? I honestly don't remember having any disagreements with you. I guess over P*ASO maybe? Although we were both right on that one. You short term and myself long term. Now that is a stock that should have been shorted lol. That was scam city all the way.
Oh it will for sure. 99.99999%. Question is when. I am guessing after the New Year.
Of course and I agree. Just saying while this is a scam to some extent, at least they actually have a real physical plant here in the USA, which is unlike most Chinese stocks.
No. I meant I have been buying from .029 down to .0129. Actually it filled at .01296. My overall average this time is around .02. Down around $9 K this time around.
DM me if you can. I can name you 10 companies just in the past month that I know of that are down 80% or more after an offering was announced. And the stock goes way under the price that the offering was listed at. Total decimation.
IMO because the legit normal money markets have been so tight the past 2 years, many of these companies are having to do offerings under terms and with financiers that would never have done 2 years ago. And someone figured that out and is taking full advantage of these toxic loans and shorting them to oblivion. They the company has no choice but to do a RS and they short it more.
I give them fill credit for taking advantage of this strategy.
Do you have that google maps address? I think I saw it on stock twits before.
IMO there is 100% an entity(S) (probably off shore) that are heavily shorting any stock that announced an offering as of late. Of course most companies that do an offering go down, but the absolutely carnage that is taking place with the companies doing it recently is something I have never seen before. I don't care if there is an offering here, the amount of shares that this has traded recently is 100 X the verified OS. Just no way possible that it can trade that much and not moved up higher last week and there is no way possible that there is this much retail selling at .015 and under. Not that many hundreds of millions of shares.
Very strange stuff.
Congrats. That is great trading. I made a fair amount as well on the way up as I was buying this from .04 to .023 earlier this month. Luckily I owned none when the fall happened 2 days ago. However I am currently down this round as I have continually averaged down from .0288 to .0129.
At some point imo this has to pop as BTC is still rising, they have little debt, $$$ on hand, and a market cap that even after the offering is about 75% lower than where it was 2 days ago.
They aren't. Most suck and this stock is definitely somewhat shady. In this case though there actually is a physical plant in the USA where they set up operations and are or will be mining.
Somebody posted a link to the google maps address of their bit coin mining facility in Texas and I looked it up and it has a fairly large facility along with signage saying Bit Brothers. I would have to go back and try and find the address or maybe someone here could. I was pretty surprised to see that tbh. I am not that familiar with how bit coin facilities are set up but it was a large warehouse looking building with a bunch of smaller new shed like buildings to the side. I assume that those are cooling sheds or where the mining takes place? I am not sure. On the front door of the warehouse and on each shed like building was the company name and logo.
So they actually have a real physical plant.
Probably a small dip in the morning and then a slight rise to .023 or so.
Those have at least a 6 month sell restriction.
This beyond anything is the most basic reason why I am a buyer here. Even IF, big IF, all the Class A shares from the offering are sold immediately into the market?
This stock still trades the OS everyday or more. It makes no sense. It is physically impossible for a stock to do that under normal circumstances. Normally I would call shenanigans by the company....but the company just released a filing stating the OS is 620 M even at full dilution.
So either the company is lying....or shares are being made up out of thin air. Which almost has to be the case.
Obviously it is way oversold. That doesn't mean it can't go lower as some entity is seriously trying to take this down. To .01 and lower? Possible. Considering the OS was 440 M before the offering and the stock was lets say at 8 cents, that is a market cap of $35 M. After the offering with an OS of 620 M and a stock price of .02, the market cap is now $12.5 M. So a $23 M cut in market cap.
Obviously way oversold. I would think once the selling lets up and people see it isn't going lower that people should flood back in. Where and when that happens? Who knows.
I would have thought that if this was going to happen, it would have been yesterday. Was actually expecting it to happen yesterday. But it actually finished green. Still trying to find the reason for the fall today and really can't. Has to be the filing out AH last night but all that gave was the OS, which was quite a bit lower than what I thought it would be after the offering. Everyone should have already known that the OS was going to be up 550 M shares from the offering, so I find it hard to believe that people are selling because they now know what the OS is.
Very strange.
Again because the warrants have a time value to them, similar to options, the actual valuation is difficult to ascertain.
Needless to say it is higher than .035.
Actually it is around .05 a share when you combine the ordinary shares, the 2 warrants, and the time value of when they can be exercised.
But I always take the worst case scenario. In this case around .028 per share for the offering.
Under the terms of the securities purchase agreement, Bit Brother has agreed to sell 184,615,385 Class A ordinary shares, Class D warrants to purchase 184,615,385 Class A ordinary shares, and Class E warrants to purchase 184,615,385 Class A ordinary shares at a combined purchase price of $0.065 per Class A ordinary share and associated warrants
Look at the details. Bit Brother has agreed to sell 184,615,385 Class A ordinary shares, Class D warrants to purchase 184,615,385 Class A ordinary shares, and Class E warrants to purchase 184,615,385 Class A ordinary shares at a combined purchase price of $0.065 per Class A ordinary share and associated warrants.
Basically what that means is they sell around 550 M shares at a set price. Each class of shares and warrants can be exercised at a certain price at a certain time. Hence why the OS after this will be around 680 M. On average the investors in this offering will be buying shares around .028. Even with with this, as I said..OS is VERY low for a Nasdaq stock with the balance sheet that BETS does. Still very low considering the share price and market cap when you add in their cash on hand, lack of real debt, and assets.
Current share price should be around 12 cents imo. Much more if they start mining more BTC and the price of BTC goes higher.
Correct. Which is better.