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LibCrusher posted:Really smells like $goon might as well be a total loss Diluting shares to raise capital is sometimes a big red flag, and sometimes not. Capital is often necessary in order to expand, for example. One could predict (on very shaky ground) that the company is ramping up its sales org in anticipation of impending approval. Or, it could be accumulating cash in anticipation of horrible news tanking the stock and needing the money to stay in business for a couple more years while it hopes to fix some horrible flaw in its tech.  What I am getting at is, it's better to have more info than just "the company is selling more shares" in order to make sense of that fact.
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Jun 22, 2021 20:27
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Good $SCR news: https://twitter.com/wellsdavid/status/1407422486610857989 Edit: and of course that makes the stock price drop lol Fake James fucked around with this message at 20:50 on Jun 22, 2021 |
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Jun 22, 2021 20:38
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MTAC was up a bit today, decided to exit that position at a 7% loss to free up money to lose on other stocks instead. My time value of getting owned you see. Bought some KBH on the hopes they have good earnings announcement tomorrow after the close. Even if that doesn't cause a big pop I don't see the housing market slowing down anytime soon. Could be a play for a week with a pop or a longer play in the 6 month to a year range for me.
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Jun 22, 2021 20:48
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Fake James posted:Good $SCR news: Still jumped up to it’s all time high, managed to get out at 25.50 so I made roughly five bucks per share. I’ll take it
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Jun 22, 2021 21:10
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Artonos posted:Fyi NDRA just filed to sell an additional 20 million dollars in shares (current market cap is 85 million). So a decent amount of dilution is coming in the next bit. Yikes. Glad I jumped out while I was ahead. Leperflesh's post above is right, but sometimes the suggestion of dilution can also cause a selloff/drop.
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Jun 22, 2021 22:03
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After this long of No NDRA News I'm definitely thinking it's a bust But on the other hand what the hell do I know
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Jun 22, 2021 22:08
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The company with no sellable product that continually needs to emit new stock to stay afloat might be a bust??
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Jun 22, 2021 22:13
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I'm continuing to hold my 300 shares, but I wouldn't fault anyone for choosing to bail now. It is and has been a risky, microcap biotech company that is staked entirely on the success of one technology that may or may not fail at any of many stages in their lifecycle. Running out of money while waiting forever for FDA approval is one possible fail mode.
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Jun 22, 2021 22:19
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I'm hanging on to NDRA, but also I didn't put that much money into it so even if I lose it all, it's a drop in the bucket when weighed against the gains I made overall this year.
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Jun 22, 2021 22:22
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Lucira is selling a massive number of their kits to Microsoft, who is sending one to each employee per week for the foreseeable future Them calls is lookin goooooooood
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Jun 22, 2021 22:25
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Leperflesh posted:I'm continuing to hold my 300 shares, but I wouldn't fault anyone for choosing to bail now. It is and has been a risky, microcap biotech company that is staked entirely on the success of one technology that may or may not fail at any of many stages in their lifecycle. Running out of money while waiting forever for FDA approval is one possible fail mode. If share dilution lowers the price to, say, a buck, I mean, that's a hell of an entry point. Having worked in this field, everybody keeps their mouth shut about what's going on behind closed doors, but a good hint of whether or not something is really cooking is if they have interest from a venture capitalist. Someone with a lot of money who sees a potential FDA approval coming for a valuable treatment will pump up the company if the product is viable.
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Jun 22, 2021 22:31
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Thank you $GOON for the week of lunches you provided.
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Jun 22, 2021 22:38
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Weird fuckin day for me, my stocks went down while the calls I have wrote against them went up.
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Jun 22, 2021 22:47
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This is a tough call. If I stick with $GOON it will plummet to 0.98 and I'll be holding the bag for months waiting for it to go to 2.50 If I sell $GOON @ 2.00 I'll have wasted about $140, but it will immediately jump to 16.00 
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Jun 22, 2021 22:53
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Red posted:If share dilution lowers the price to, say, a buck, I mean, that's a hell of an entry point. Yeah if dilution by less than 25% results in a 50% price drawdown on no other news, that implies a huge bargain. Rationally, the dilution should either lower the price by the dilution amount, or, more/less based on what it means for the company's longevity and chances of success, which maybe the market can gauge better than I can but probably not. quote:Having worked in this field, everybody keeps their mouth shut about what's going on behind closed doors, but a good hint of whether or not something is really cooking is if they have interest from a venture capitalist. Someone with a lot of money who sees a potential FDA approval coming for a valuable treatment will pump up the company if the product is viable. Do the VCs often show up for public companies?
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Jun 22, 2021 22:59
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Calm down about NDRA, they aren’t doing an AMT because they are broke because they have operating income, they aren’t heavily in debt. They filed this poo poo with success in mind not bankruptcy.
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Jun 22, 2021 23:19
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back in on NDRA and GSAT after whoever that dude was says it should be valued $3 and change already up a couple value meals
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Jun 22, 2021 23:27
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Leperflesh posted:Do the VCs often show up for public companies? In private companies, they'll never shut up about it, unless it dies, then it was never a thing. In public companies, it's obviously more complicated, but they'll either advertise interest (if imminent) or a relationship or what have you in their financial reports or news releases; so it's good to read those. Aside from VCs, partnerships are also a big deal, if it's a clinical involvement. So, for NDRA, there's this: https://investors.endrainc.com/prviewer/release_only/id/4662746 quote:ANN ARBOR, MI and EDISON, NJ / ACCESSWIRE / March 18, 2021 / ENDRA Life Sciences Inc. (NASDAQ:NDRA), a pioneer of Thermo Acoustic Enhanced UltraSound (TAEUS®), and Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA), a clinical-stage biopharmaceutical company focused on AI-driven therapeutic drug development for the treatment of NASH and liver disease, announced today the signing of a collaboration agreement to incorporate TAEUS as an add-on technology to support Hepion's patient screening and biomarker measurement during the upcoming Phase 2b study of CRV431. HEPA isn't Johnson & Johnson, but that another pharm company is incorporating NDRA's technology into their own is pretty significant. Creating these collaborations is demonstrating clinical use/value, and at this stage, you can equate it to a sale. If NDRA was questionable, even the little pharm companies would be hesitant to touch it.
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Jun 22, 2021 23:31
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If they were confident of FDA approval would they not wait until after the approval before issuing new shares?
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Jun 22, 2021 23:31
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Leperflesh posted:Do the VCs often show up for public companies? Isn’t this basically the gimmick of people like Carl Icahn, buy a big stake, show up to board meetings and try to throw your dick around?
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Jun 22, 2021 23:52
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Add in go on all the business channels talking about your stake and how great you will make the company to pump and then when it goes up sell saying that your influence made the stock go up and it hit your target.
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Jun 23, 2021 00:03
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gay picnic defence posted:If they were confident of FDA approval would they not wait until after the approval before issuing new shares? that would make more sense to me!
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Jun 23, 2021 00:19
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FistEnergy posted:that would make more sense to me! But it’s not necessarily the case so
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Jun 23, 2021 00:20
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gay picnic defence posted:If they were confident of FDA approval would they not wait until after the approval before issuing new shares? That's not how issuing new shares works. Coordinating share issues with FDA approval would be near impossible. They need to raise $20M so they're selling enough shares to cover that amount. They're expecting 2.11 per share, but its not going to happen immediately, instead they'll sell over time to minimize volatility. Would recommend reading the form 424B5. It's not too long or complicated.
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Jun 23, 2021 00:33
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Shammypants posted:But it’s not necessarily the case so Right. But like I said, it all seems very pessimistic
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Jun 23, 2021 00:33
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Baddog posted:Edit - Etrade says there is a memo out that TRCH options outstanding on thursday night will be converted to TRCH1, and will be contracts for 100 shares of common *and* 100 shares of preferred, and there are no other adjustments (to strike, or # of common shares, etc). I said the company plans to buyout all those preferred shares on Friday, so what does that mean for August TRCH1 options next monday, since preferred shares won't exist to be traded? And they didn't know. I *believe* the TRCH1 strike will most likely be adjusted down though. So if you are one of these guys who think the dividend will be 10-20 dollars, then all these TRCH1 options are going to negative strikes (that'll be loving weird). If the dividend is twenty cents and everyone bails out of TRCH after the money is paid, then I think the trade will work out fine. Where did you see the bolded part? BTW, here's the info memo from the OCC if you want it: https://infomemo.theocc.com/infomemos?number=48884
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Jun 23, 2021 00:44
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i don't like this game anymore
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Jun 23, 2021 00:51
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Agronox posted:Where did you see the bolded part? Thanks for the memo! I've been doing a lot of reading, and I think the places I saw that thought the money was going to be distributed friday were very mistaken. https://investorplace.com/2021/06/trch-stock-11-things-torchlight-energy-investors-need-to-know-about-the-merger-dividend/, and /r/trch (holy poo poo they are bad). It could take a long time for any money to be distributed to the new preferred shares. Especially since all the real assets are probably worthless since they haven't been able to sell them for years, and their big lease is all bullshit ( https://archive.is/vRNZQ ) But they did just raise 100M by selling more shares - so even if I'm right and all their oil assets are 0, there's almost a dollar/share to distribute from selling shares. If they don't manage to siphon it off somehow. So I think I'm going to sell these puts tomorrow before I get stuck with some potentially untradeable contracts. From your memo - " OCC will delay settlement of the Series A Preferred Share component of the TRCH1 deliverable until the trading status of Series A Preferred Shares is determined." I'm *guessing* that there will be a pretty decent market pretty quickly for these preferred shares, and the TRCH1 options might be fairly liquid then too. But maybe not! I do want to get back in friday morning after the split though. This thing has to go down, there's literally nothing here (except for the money they just raised from selling shares). The metamaterial company is all bullshit as well. Baddog fucked around with this message at 02:10 on Jun 23, 2021 |
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Jun 23, 2021 02:02
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Baddog posted:Thanks for the memo! Made 12k riding the wave and I'm out.
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Jun 23, 2021 02:28
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LLCoolJD posted:Any idea what leveraged Bitcoin ownership will cause if it continues to decline in price? Also, Bitcoin chat from Reddit:
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Jun 23, 2021 03:24
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WELL IN THAT CASE SIGN ME UP  https://twitter.com/Breakingviews/status/1407396111866814464?s=19
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Jun 23, 2021 03:35
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RCarr posted:Why is that? Each share is now worth about 20% less than it was two days ago? Issuing more stock to keep the lights on is not a blue ribbon business strategy, at least long term
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Jun 23, 2021 04:21
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cr0y posted:WELL IN THAT CASE SIGN ME UP Keep issuing shares until you can buy Microsoft, Sony or Nintendo. Vertical integration! e: how many more shares would AMC have to issue at $60 to buy a major studio? Wifi Toilet fucked around with this message at 05:18 on Jun 23, 2021 |
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Jun 23, 2021 05:09
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numberoneposter posted:i just started mining crypto on my 3070 last week so obviously its going to crash now I sincerely hope it catches fire and burns down your computer.
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Jun 23, 2021 07:10
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Well, after Fridays poo poo show I managed to at least pick one move, my ATOS was up 100% yesterday so thats something. Up on yesterday's DOCU and OCGN too but down on Fridays GE by about 50%, going to dump that today I think. I've no idea how a reverse stock split will impact my options and I don't want to as my gut tells me it won't be good.
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Jun 23, 2021 09:07
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numberoneposter posted:i just started mining crypto on my 3070 last week so obviously its going to crash now The market or your card? 
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Jun 23, 2021 13:22
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Shammypants posted:Calm down about NDRA, they aren’t doing an AMT because they are broke because they have operating income, they aren’t heavily in debt. They filed this poo poo with success in mind not bankruptcy. finviz shows them with negative operating income https://finviz.com/quote.ashx?t=NDRA income statement is at the bottom of the page also it shows them having zero revenue... is finviz wrong? they could be and i'm too lazy to look up the actual filings for a company i don't trade edit: okay here's their latest 10-K. i would read the "risk factors" carefully. https://app.quotemedia.com/data/dow...3-25&CK=1681682 Uranium 235 fucked around with this message at 13:55 on Jun 23, 2021 |
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Jun 23, 2021 13:40
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numberoneposter posted:i just started mining crypto on my 3070 last week so obviously its going to crash now I have no idea if that's at all profitable. I was under the impression that it required cheap or stolen electricity.
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Jun 23, 2021 13:48
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Uranium 235 posted:finviz shows them with negative operating income Of course they have negative earnings. They have no product. This whole gamble is that they might eventually have an awesome product that they can sell at insane profit margins to a bunch of people with fatty livers. It's also why they're selling more shares. $20M should give them enough operating cash for a few years so they hope that bridges any financing needs before they can get to the next phase of clinical trials.
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Jun 23, 2021 13:59
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Oscar Wild posted:Of course they have negative earnings. They have no product. This whole gamble is that they might eventually have an awesome product that they can sell at insane profit margins to a bunch of people with fatty livers. It's also why they're selling more shares. $20M should give them enough operating cash for a few years so they hope that bridges any financing needs before they can get to the next phase of clinical trials. And this is all perfectly normal in bio stocks
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Jun 23, 2021 14:01
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