Replies to post #9523 on GeneSYS ID Inc fka GNID

[HokieHead]

Why do you think this is being so heavily shorted? Who is doing it?

[Penny Stocks 2.0]

Little Analysis Bud, $5 on the bid, held for 30 days or more changes the entire investment picture.  It would no longer be deemed a penny stock under the SEC definitions.  Also, most blue-chip firms cannot invest in stocks under $5.00 because their buy-laws prohibit such investment practices, and that itself, could be a reason why NITE won't let it run. I think for a pre-revenue company, $15 PPS ($17.5M) market cap is reasonable albeit, maybe still a bit underpriced for a medical/healthcare technology company.


I think if the price goes to $25.00 sooner than later,  the company may ask those insider preferrers to convert some of those shares into common in order to increase market cap keeping the stock price manageable, which is another requirement for uplisting to either NASDAQ or NYSE-MKT.  And that wouldn't be a bad thing either, because even if they converted say an aggregate of 4 million shares, it would only bring the outstanding to 5.4M shares, and if falls back to $10 trading PPS, that would still be a $54M market cap. If the stock maintains $20 PPS, its over a $100M market cap. Plus those shares wouldn't hit the market for at minimum 6 months, and afterwards would all be subject to Rule 144 sales limitations anyway, and by that time, maybe the company would do a SPO in simultaneously with an uplist. It would also provide potential financing investors an eye to future liquidity, if they are concerned about that.

[StockMedic1]

TFN, I think this stock is causing a lot of excitement and its just human nature to think the best. However, there are indicators from the company (actually disclosures about its intentions) and the CEO's ability to get done what she says she wants to do, that further feeds the optimism. I remember when you first came here, you were in a very negative camp, for whatever reason, everyone has one. But from what I am seeing, you have come around to at least giving this company a chance to show its metal. And we all know that will take time because stories like this take time to develop - with that said, I agree with you about the $5 price floor, because like Cheeky just said, THAT changes everything. Maybe not right away, but holding that bid over time, will change some of the investment dynamic, IMHO.

I am waiting to see if and when the company puts news out and will just have to continue to measure its performance based on its disclosures. But I am long, and will measure its performance based on business metrics, not stock metrics.