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PennyStockTrader2

11/30/16 1:52 PM

#103 RE: PennyStockTrader2 #101

So more specifics of the Form Ds are available in the associated 8-Ks, somehow I missed that.

One is selling 900K shares @60 cents, so there is yet another floor being systematically put into place, and look theres also an option to buy that same # of shares at 80 cents, which is currently out of the money, so that tells you they are anticipating upside on the stock.

The other one is a convertible note @55 cents/share which also seals a bottom for this stock. Then there are options to buy at 80 and 90 cents for 530K shares.

While there is certainly potential for dilution here, remember that the outstanding share count is btw 6 and 7 million.

These guys are not dumb, they must be ramping for something big, but I have to admit that this market as it looks to me seems "boring" but in the end who cares.

hardtogetnewalias

01/10/17 5:54 AM

#104 RE: PennyStockTrader2 #101

morning. in this dog too... why in the world would anybody buy a 40% stake in a failing company? I could not find anything to the tune of toxic financing as far as I have read. sale of stocks and warrants look to be standard procedure. one worrying bit is they need more cash to sustain biz and have plenty of room as current float is tiny. another thought is... would the military do biz with a failing biz? my 2 cents
whats your interpretation of last nights sec filing?