They have agreed to forbear until April 15 or we breach something else at an increased interest rate. So basically this is an agreement to not find us in default for ten days. If they couldn't pay it before, why would they think they could pay it in ten days! Something's up I think, and it's not the Yahoo appeal, that's for sure. There would appear to be only three logical options: either they are going to announce a pipe deal very soon, and the stock will tank, they are going to have a partner that will infuse cash or they will be bought.
Now here's where it gets tricky. Since shareholders are always the last to know what's going on here with regards to material information at this company, you have to look at the trading. We went up four cents on over 600k volume today. If it were a pipe deal I reason, the stock would already be tanking with heavy pressure on the bid. Didn't happen. If it were a sale, the exercise dates on the warrants don't make entire sense to me as they seem forward looking. What's left? Partnership. What say you longs. Am I off base here?
If they drop it enough on Monday or Tuesday, I may pick up another 10k shares to trade. Missed the bottom with my last trade, but I think it will hard to miss the bottom this time. Kinda like buying at $4.04 in the old days. I keep wondering if there will be any run up at all to data release.
Couple of questions for you. I'm trying to understand where the shorts are now. Beton said he though they were going to try and cover into the post data selling. Shorts have to buy low, so let's say it runs up to $6.50 or $7 after data, why would they start buying at seven into selling? It seems to me they should at least start to cover here and get as much done below $5.50 as possible. Wouldn't they want to up to $6.50 rather than down from $6.50. Frankly, the way these guys trade, I wouldn't be surprised if they could unload 9 million shares and raise the price a buck. We've seen it before. This waiting until after data to cover just doesn't quite compute to me.
Ordinarily, I don't encourage responding to these guys, but your posts are richly deserved by them and make me laugh. I think we can all use a bit of that right now.
Wow! Talk about a full court press. These guys are really pushing. The most we can hope for it that this may be their final push going into the weekend. Still way above my basis, so can't justify buying more here. The combination of the manipulated stock along with the posting is really toxic for old longs that see it for what it really is. Those of you who know me know I'm in this till buyout, whether it be in August or December. It is the only event that no one can control but the company and it's product line. I will get mine. But it is a bit disheartening to realize that ride there will be like this forever. So be it! You're not getting my shares! I'm long and strong! I also not apathetic, so screw your guys.
Beton, how many days did it take them to crunch the last CIC data? Also, how long did it take to actually release the data. I just can't remember. Of course that was a much bigger trial.
Covered shorts would want the price up wouldn't they? Ergo I reason they did not fully cover their recent down move. Does this make sense?
Beton, read your post on pulse and think you are doing a good job of getting the word out, but think you are losing punch by not letting people know that this has "recently been amended" to read this way. Much more compelling if you ask me.
Charles Schwab Corp. (SCHW) Chairman Charles Schwab and CEO Walt Bettinger spoke out against high-frequency trading on Thursday, calling it "a growing cancer that needs to be addressed."
"High-frequency traders are gaming the system, reaping billions in the process and undermining investor confidence in the fairness of the markets," Bettinger and Schwab said in a statement. "If confidence erodes further, the fuel of our free-enterprise system, capital formation, is at risk."
Bettinger and Schwab said the HFT system is designed to "pick the pockets of legitimate market participants."
They added that more than 95 percent HFT orders were canceled last year, an event that they said suggests that "something else besides trading is at the heart of the strategy."
Naw! This stock isn't manipulated. I'm going out and having fun today. Watching this bores me. If data is released my phone will buzz with an email alert.
That explains all the new posters saying we've got time and the future looks great. Last time they covered they drove it up 53 cents. They need volume to cover into. Either that or their lulling us into a false sense of complacency, and there going to drop us to $4.70 again. I'm absolutely sure it's one or the other, but nothing is as it seems. Personally, I think they need volume to cover into and you can see there is none right now above.
Aany, I think I may have it. They need to cover into volume and there is none. They've cut it close to data release and still haven't finished covering, but with no volume they drive it up 50 cents in a day. They need volume. So suddenly we've got lots of new longs saying there is still time (trails running late) and great opportunity in the future. Might be a good time to pile in and creat some volume for us to finish covering into without driving the price up. They're here for a reason, they're paid, and they're saying we're still four weeks away from data and that things thereafter will be great. Maybe it's more of what I think, that is, we're a week from data and there is no volume to cover into. Just saying,...
Hope they route their IP addresses through lots of VPN routers like we see on cop shows. Oh no! Don't tell me, he uses Verizon!
Personally, I think the MM dropped the price to pick up a bunch of large orders. Turned over a million shares that day. They must have been sitting there for a while and MM finally went down to get them. MM's make their money on the spread and volume. Bet they got both on that down move. Now walking it back up slowly. As I posted when I was trying to average down, there was simply no volume at .35. I tried to get him to drop it for me, but 70k shares wasn't enough to get him to move. Wish I had waited a few more days and picked up shares at .27 but I'm ok at .35.
Been spending most of my time trading SGYP. I like you guys and will say one more time, news hits anywhere between now and 7-9 days. It will be big. Good luck to all and do your DD.
If I remember, his type of bashing is called a "silver tongued serpent." Instead of just yelling your stupid, he is actually smart enough to try to warp facts about the company. You don't have to be too smart to do this, but smarter than the "your stupid" bashers. That's why he's at the top of the basher food chain and get paid 10 cents an hour more than lower level bashers.