Post by
Suntrader on Oct 27, 2020 5:17pm
Criminal
I have a lot of hope for the company long term as I believe that the technology will pan out however what I have watched going on with the stock over the past few months could easily be described as criminal..
A stock trading at .36 c for many months suddenly gets lots and lots of promotion around a couple of early stage relationship press releases. The stock takes off with a vengance and while it is going on this "planned" run that has been orchestrated to raise the share price and encourage investors, who are very close to the company, to exercise a very large volume of warrants.
The warrant excercise is a good thing as it adds cash to the treasury howvever it comes at a price to retail investors.
As demonstrated by the history, short sales took place while the stock was running in July almost to the same quantity of shares that were equal to the warrants being exercised. Hey broker buddies, lets short sell the stock while the price is running and then trickle the shares back into the market once all are fully exercised.
The real slap in the face is that the warrants were repriced from .60 c to .36 c at the end of May 2020. So the company could actually have raised $4.5 million instead of the $2.7 million that they did.
Then, they let the stock flounder as it is taken down from the $1.50 range all the way back down to not far from the .36 c it was at back in May 2020.
Would love to know the names of the 92 investors who participated in the PP that got repriced, I bet we know one or two of them !
Demonstrates to me that the integrity of the senior management is not at all what I had expected from a team with such histroy on their resumes.
I know that they should be focused on moving the company forward rather than the share price however, there is a time where you need to step up and demonstrate to people that you care about the retail investors !
My sympathies go out to the poor souls who bought in around $1.50, all I can say is stay strong and hopefully one day we will reach the expectations and will be rewarded.
I first bought this stock in the Ivan Lo, Expedia days of greatness and watched them promote and liquidate each time warrants came free trading, thought those days were behind us.
Fortunately I have been able to trade my way out of that mess and reestablish a position at a reasonable price.
However, I am frustrated to say the least !
Comment by
LI4VESTREAMS on Oct 27, 2020 5:24pm
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Comment by
rebel20 on Oct 29, 2020 6:59pm
Our reident basher who is a piece of work , doesn't know his history but makes it up on the fly.
Comment by
5rockies on Oct 28, 2020 12:09am
you treat excesing the "36 cents" warrants and selling the shares above $1.20 same as loading at 36 cents and selling above the buck?! sorry, but you and us know well that these two are not the same. the risk with the warrants is zero, the risk of the loading at 36 cents is company going bankrupt and losing your money.
Comment by
rebel20 on Oct 29, 2020 4:52pm
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Suntrader on Oct 29, 2020 5:33pm
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PatientDawg2016 on Oct 29, 2020 5:33pm
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Comment by
bandi10 on Oct 29, 2020 8:30pm
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