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Friday, July 06, 2018 1:44:19 PM
It seems that it's easy enough to continuously post scary statements about what "one knows" about FINRA and SEC Rules & Regs and claims that FINRA or the SEC are looking into ONCI. I've gone through the ins and outs of probably 2 dozen 3(a)(10) deals over the past few years, and it's not that hard to understand - no need for the spooky and ominous undertones.
LAM has a separate convertible note from July 2017. That 65K note - IF it converts - can be absorbed in no time. Pretty funny though, some are getting their panties in a bunch over some possible dilution to clear remaining debt.
As tigerpac reported in his post, the 65K LAM note represents only 79M shares, or 1.8% of the O/S. IF it's converting.
Some handful seem to be wanting to flip down for a lower price. Problem is the price is already down on low volume due to the holiday (33M shares, 0.75% of the O/S), putting the pps at about 30% down from the 50 SMA. Once again... the large bulk of shares are being held steady. Do you really think more than a handful of traders with a handful of shares are going to get a much better price when we're talking about POSSIBLY adding less than 2% to the O/S. That... and NONE of the good news about progress on the business development has yet added anything to the price - NONE of it "baked-in". It's getting coiled up here.
Recent ONCI News
- Form SEC STAFF ACTION - SEC Staff Action: ORDER • Edgar (US Regulatory) • 10/17/2023 06:00:03 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM