Wow I typed that? Damn I really need to take the time to edit.
Okay $XTNT, why do I feel it is the perfect storm and what is the blatantly obvious catalyst that is already been set in motion? Besides the other 2-3 huge ones.......... they will come in ramblings later this evening or tomorrow, all who know me from RCEL will know I go deep, very and I am not here for a play a roll a hustle etc.and knowing that maybe only one or two regular people (main street types, want to sleep at night I have a job solid "investments" many forget that word these days) I will still take the time to just say hey, maybe you should look at this, just for value wise.
A year ago they had an offering when the stock was @2.50 range which was a private placement and is still with the buyers as is the other pile of float (with owners) there are only 5.41M shares which as one knows if they are slightly familiar with mathematics is under 7% of the outstanding shares, not anymore by the way, but I am me.
So an offering comes out as they need some cash due to Covid and as they don't burn cash $20M offering in February still had $18+M end of Q3 was just a thing they had to do. Then this was the perfect storm for bears and just the market in general, any reason to drop anything to drop anything, but this, it just doesn't add up as you will see, not from $2.50 to .50 for no other reason that an offering of which they burned zero money and 93%+ of the float is held by big kids, well and then a couple myself and a few buddies may have.
That makes zero, no, none, any possible sense in the world so anyone who tries to say to me say even in the hardest of bear markets it shouldn't be below $1.50 is right, it's bizarre, like picking up money off the sidewalk, so that right from jump street. That is why it is just the perfect everything, which you shall soon realize, but let us continue.
So no brainer just because, we had a no run to Xmas and after Xmas was worse with tax loss selling then after Jan Jesus Mary and Joeseph they were just slamming all small/mid caps to the ground. At any time there are 14+K equities on the various markets, and the markets we have seen the last 6 months, make me shiver. But, they run them all down, all, every one of them, when the bloodletting starts, no one is safe.
But one can take a gander and maybe just maybe see one of the ones that makes one rub their eyes to make sure they are seeing what they are seeing or shake their head. XTNT below (in the worst bear market) that is just common sense and logic, but at any rate this beautiful baby already has a natural catalyst starting to steam and two more, first products since 2019.
Let me go have a smoke next post coming for the one or two reading, will get all deep by the time I finish you know me from RCEL FRAN etc I am just telling the story and starting with the BLATANTLY obvious end of Feb 2021 offering privately for one of the many that own 93%+ of the stock @2.25 and nothing else happens EXCEPT and that will be next post, sorry but you all know me. This will be a novel like Pride and Prejudice, but it will 100% NO BS, NO HYPE and honest, I really dig this situation, let me have a cigarette and the thing that makes me just chuckle and scratch my head, a week after the offering they did something that was to a novice not being able to put it all together, but could be used as a reason for one to be able to push it down as most had no idea exactly what that filing was the week after.
That should have sent the stock back up and it did shortly but this? Pocket change, seriously, duh.
Peace out
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