Friday, February 23, 2024 9:03:41 AM
Acme, your comments on what is transpiring with respect to TKMO is common typical sentiment in the penny arcade. However,
I was watching that going off. Now with that said, it isn't as bad and actually I prefer to see these multiple executions in the .0009 range rather than higher up where it does more damage.
These .0009 was an entity or non-retail, but more importantly the amount was bought up at the .001 level and denotes that this was a concerted effort to try and reduce the note all the while as we churn. Notice how we bounced back above .001. If you have noticed on the .0009s going off the greatest individual amounts were in the 10k range denoting the nonretail entity. Also denoting keeping within the volume guidelines. These so called .0009 were bought at a higher level and these .0009 was a cover trade similar to T-Trades after the close. Instead, was executed during the session.
Convertible Deb. is always a problem in the penny arcade and is unavoidable, period!
What we have with this issue on the note is the legacy factor before the new branding and name change with a great business model that has excellent growth potential and real numbers. Just study the previous latest financials. Watch for the end of year 10-K coming in the next week or so and the company's forward guidance.
I'm not concerned about this burdensome note since it is being handled as best as we as investors can expect. The overall volume is still considered to be low and rather this being handled down here verses on some great announcement that can easily stall any run is preferred.
The silent period by the company at this time after the symbol announcement of 2/12/24 is an underpinning and positive timeline. I believe they are reducing much of the overhanging note to a much better position when the real announcements become relevant.
The O/S hasn't changed and has me thinking that the company is countering these with the buys going off during the higher range or .001 on the basis of an earlier PR how the company isn't diluting the pool but countering it.
We are in a very good position and a breakaway will happen soon.
Buying opportunity at .001-.0012
Have a good day.
varok
Recent TKMO News
- Form 1-A-W - Withdrawal of offering statement [Regulation A] • Edgar (US Regulatory) • 05/08/2024 02:28:47 PM
SANUWAVE Announces Record Quarterly Revenues: Q3 FY2024 Financial Results • SNWV • Nov 8, 2024 7:07 AM
DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • DBGI • Nov 7, 2024 2:16 PM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • SMX • Nov 7, 2024 8:48 AM
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq • RAKR • Nov 7, 2024 8:30 AM
SBC Medical Group Holdings and MEDIROM Healthcare Technologies Announce Business Alliance • SBC • Nov 7, 2024 7:00 AM
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM