Obviously we are hundreds of millions from 700M right now on the market, but if they hit the market today, and through dilution the share price did not fall (which of course it would) the company would be worth $35M. Sure, the toxic debt is crushing the share price right now through convertibles - but stocks trade on futures. With proper funding in place, share price can and will appreciate. I'm just surprised that they didn't put a floor on the converts like .10 or .25 a share. Makes it much easier to convert at a higher rate, keep share price down, and the price per share higher. Silly pink sheet owners and operators...so greedy they just print print print until all the buying ends and they shut the doors and turn off the lights. Hopefully this one is different :)
Someone is buying the whole company today.
Was over 5 cents last week and over 25 cents last month. Reported 18M outstanding shares, 5M traded this morning. Current under 4 cents. Worth looking at.
Warrants have to be getting exercised at 1.25 to have 5 million shares trade at 1.25 when acerage volume is 300k makes no sense. This volume should have tripled the stock.
Everytime it makes any progress in the 1.30s its met with 10s of thousands of sales. Shares have to be getting wareant exercised at 1.25
I cant find a recent sale of equities, not since august. Where can i find the issuable shares and exercisable warrants. It appears in the 1.30s it gets sold off...makes me wonder exercisable warrants.
Enormous volume for such a low float, but very little movement the last few hours. Where are all these shares coming from...or is a group controlling the price and gobbling everything up for a short squesze and a 100% day? Volume is incredible for 5-8million float. Or is it more. Anyone? Is the company selling the rip???
Buy CERE and come back to this once the bleeding stops. CERE has 8 million float, that has almost traded this morning. $1.27 a share. Could run to $1.70s - $2.00 this afternoon.
This will crash to at least the .70s by tomorrow. Not to mention the gapper that needs to close in the .80s before it goes anywhere.
Check it out. Low low float new trading range heavy volume big news
not too bad...go another 10% bump on CERE since this post