Now whats renn worth? What sofi worth if we have a meltdown? Nothing on either. Hope chen loses every penny he has. He deserves it . No buyout just like i have said. Its going to delist alright. On bk
Why would they put out super postive data, and only control 15 percent. That would really spike interest in big money. Putting them more at risk. We will see much more data after increase in shares. If the stock spikes in volume and price over next couple weeks, they really have a current threat.
Insiders have 10 percent of stock, and selved about 5. Who would partner or buy under this little of control. They should have raised the stock amount first, before last capitol raise. Now if they go full force in phase 3, and someone decides to take a run at control. They would have no money to defend it. Insiders lose that big salary jobs, and get fired. This last capitol raise has put them in a hard place. They got sucked in by offer of easy money, and large money holding their stock. Now they realize they have a issue. Raising stock limit gives them back over 40 percent control. That gives them the ability to make a deal for partner or control. As it sits now, they can not.
Doesnt take a premium to take control. Insiders only have 10 percent of the stock, with little stock shelved . Really only takes about 22 million to take control with stock being this cheap.
After seeing the insiders holdings, this stock increase is for takeover protection. As this pps keeps dropping it would be cheap and easy to take control. That 16.5 million share issued raise,with the same amount of options in one hand, can take control now. The big issue is for insiders, hostle take over gets them fired. Maybe someone has declared a 7 percent stake, which is required at that point. For shareholders a takeover could be good
Yep, this will cost me money. I have to admit. Thats why trading on charts are not perfect. News is a factor that changes everything. These guys drop bombs as the stock starts to find a bottom. I really have no idea on this. But i dont think .30 will hold now. No good for anyone holding this stock.
You must be insane, your money is gone, told you that for years. Plus he is not even going to pay 4.20. Trust me the hosing is not over. It was a scam day one. Only #$%$ would have stayed in that pos
Yea ? What idiot didnt know this years ago. I love Chen. Anyone with any common sence shorted that co over and over. Hate to see them go, only sure thing. Lmao
Because those options are for .85, they are not effected by a reverse split. So if they do reverse split those option would be bought at .85 and sold quick in the 3s, which would drive the price straight down. That 40 million in profit, plus the stock drops right back down crush the company value. It would be a lot more than 40 milloon, with share price being crushed
Im buying all the way to .30 cents. May be no interest, but few sellers. 300 million shares and trade 200k a day. I hope it keeps dropping
What a joke of a company. This may be the first company to have NEVER spiked on any quarter report. Anyone that ever pumped this company, needs to get out of stocks. You would be much better off throwing a dart at a board. That would give you a much better chance of picking a winner.
Lol, told you that years ago. Buy pvct in the .30 range, get your money back. They will partner or get a nice buyout coming. That is just based on their quarter reports, repeating they look to be bought . Could be a 10 banger