Short
(Short)Textbook Pump. Will Update
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
Note
ENTRY 1/2 INTENDED POSITIONNote
(edit) the net identifiable assets figure was for the Acquisition of Intermeccanica acquisition, which constitutes a large portion of real tangible assets not including cashNote
Fill $5.25 average $5.04Note
taking loss $5.36 -6%Note
add 1/4 5.11Note
fill 4.97Note
average 5.00Note
out 5.17, chased it down.Note
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 positionNote
They want to keep it above 5 so they can attract unsuspecting institutional investors and speculative risk friendly hedge fundsNote
$5.56 nice saveNote
.66Note
5.84. Loss doesn't look so bad now. Risk Aversion/Capital Preservation > GainsNote
.95Note
6.08Note
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.Note
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 postNote
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.