(Short)Textbook Pump. Will Update
Updated
Shorting through $5.00. If you account for all the options and warrants, this company would have a market cap of
net identifiable assets of 500k (rounded)
Net tangible book value of $16 million (rounded)
Fully Dilated float of 57 million, which results in the company being worth 1/2 billion
Wanted to post this at $5.00. they were providing bid support to try to attract institutions, but I don't think that is going to work. It already broke through
net identifiable assets of 500k (rounded)
Net tangible book value of $16 million (rounded)
Fully Dilated float of 57 million, which results in the company being worth 1/2 billion
Wanted to post this at $5.00. they were providing bid support to try to attract institutions, but I don't think that is going to work. It already broke through
Comment
ENTRY 1/2 INTENDED POSITIONComment
(edit) the net identifiable assets figure was for the Acquisition of Intermeccanica acquisition, which constitutes a large portion of real tangible assets not including cashComment
Fill $5.25 average $5.04Comment
taking loss $5.36 -6%Comment
add 1/4 5.11Comment
fill 4.97Comment
average 5.00Comment
out 5.17, chased it down.Comment
Sell high, buy low -- that is the mantra. Can't win them all, and this stock has a lot of buzz right now. Let it run it's course first, then I'll try to get another positionComment
They want to keep it above 5 so they can attract unsuspecting institutional investors and speculative risk friendly hedge fundsComment
$5.56 nice saveComment
.66Comment
5.84. Loss doesn't look so bad now. Risk Aversion/Capital Preservation > GainsComment
.95Comment
6.08Comment
Could have taken a shot at 6 with a tight stop. Was worth a try. Got up to get a coffee and came back and it was down 40 cents.Comment
Going to have to ask tradingview to let me edit because I was trading and posting this at the same time, so I rushed to postComment
Fully diluted share count is actually 33 million. I was going off their 2017 financial statement from April, but they did a 2 for 1 reverse split. Rushed this one
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