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Cytosorbents Corporation Message Board

  • moto1960@sbcglobal.net moto1960 Jan 25, 2013 4:18 PM Flag

    Obvious Painting

    Looks like we got a boost at the end again. It doesn't make a difference if you're an investor, but if the goal is to stay above $.11, it's pretty obvious. My thought is that CTSO is behind this someway, somehow. The question is, why? Most likely someone either wants to get all of the shares in the right hands, or avoid any breaches of contract. JMO MDLAND~

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    • Moto;
      The purchase agreement with LPC has .10ct floor- CTSO can instruct them to purchase at anytime, up to $50,000 every two days. From the last 10Q and subsequent updates, I believe they have purchased north of 26 million of the 38 million alotted in the agreement, claiming at an average share price of .13cts. Obviously it would be in CTSO's best interests to release news that would stimulate price hike-

      No rhyme/reason I can understand why price seems to jump final 15 minutes of the trading day-

      Sentiment: Buy

      • 2 Replies to tonysd44
      • I have purchased on several occasions 1000 shares in the .12 range at the end of the day so that we don't open the following morning at .115 and have it drop even lower day by day. We seem to be holding in this range, so I guess that's better than the stock drifting down. I'm not the only one. There are others who have also purchased the stock at the end of the day. Be nice if there were more of you. Maybe we could even get the pps to lift a bit.

        Sentiment: Buy

      • moto1960@sbcglobal.net moto1960 Jan 25, 2013 7:00 PM Flag

        tonysd44,That could be the reason, LPC is our ally, and have provided us with funding, but once CTSO starts to see the "financial light", (which they may already have, hence the quiet period), CTSO would rather it's insiders have the outstanding shares as opposed to LPC cashing in at a higher return. Maybe D.C. is holding back on the good news to stifle the share price until all shares are where they need to be???? MDALND~

 
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10.93-0.46(-4.04%)Mar 3 4:00 PMEST

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