the 1.50 warrants that will try to be traded under a different symbol? I guess he thinks those are junk! so he wont have any part of those.
Warma could not get money from the big boys so he tries to get retail to hold the bag on this new offering then enters in with options. that tells you how much he believes in this offering. In the prospectus it said they could participate and this is how he works. NO TRUST IN HIM!
Warma is the biggest dirt bag. They know they set this up for more downside with offering of .50 and warrants of 1.50 for a purchase price of .70 for existing holders of common shares an i think it was series L shares. they Gave them selves options .12 cents above the offering price with NO!!! skin in the game. if it works they make it big, if Wall Street doesn't buy this down to 10ml cap or lower with RS in the future. Warma set up the crash with the offering with no pricing that Agies put out. That looked like a gift to big shorts like GS and Citadel. This guy is Wall Street puppet. Mark my words this guy can not be trusted!
You made my point, it's a big problem. As you stated they have 3,623 other positions. How many of those positions are more than 300,000 share position in stocks under $10. They are most likely shorting those in they manner I discussed.
This is why they were talking about 1000 share minimum trades on these guys or a small fee per trade to stop this, but when the biggest ones doing it are GS, JPM, Citadel ..... it gets swept under the rug.
They make small trades as low as 1 share to control the price action. the number of daily trades can go up and the volume can stay low. They don't invest with 70,647 they control the price. I guess that's hilarious when they wipe 50% of your account out with a bunch of10 share trades.
Citadel is here. This will be scrubbed of longs. sorry for the bad news. Citadel does not own 20,000 to go long only to short. they have the same system GS, KCG, and JPM have. good luck you will need it.
10k out with $500 gain for 2.5 month hold. not what I was hopping for but risk is gone. good luck to longs!
they just filled the form 8-k. the way it reads is that holders of common stock or series L warrants will have the right to buy these subscription rights if you are a owner before march 11 2015 every share you own you will have the right to purchase one unit . I have read this to many times and it is not clear as to what you get. they mix up warrants with the common stock a few times in the end you think you are only getting warrants that might be traded under a different ticker. how will the value of that be determined. Warma looks like a fool. WS doesn't want to give him money. WHY?? this should not be this hard to get money. maxim group total dirt bags. what happened to Aegis they hosed everyone on a bogus offering with no price. Warma looks like a dirt bag too.
ok. so you think they buy for .70 . then get .50 shares and warrants for 1.5 at a later date if they want to buy them before the deadline of three years or after time the pps trades over 2.25 for 10 days at a given date OPXA can steal the warrants back for .001 . basically .50 shares and they pay .20 for the warrants later almost like options. who pays now for warrants? REALLY!
1 unit cost .70 Unit consists of 1 share of common for .50 and 1 warrant that gives you the right to buy 1 share for .50 . You give OPXA .70 cents and they give you a dollar worth of shares. What this does is keeps the pps from dropping to the true offering price so retail can't buy on a dip to the offering price. what a game!