I have held this stock for almost 2 years. I am still #$%$. It is very realistic for them to have waited two weeks before doing the offering. The stock would have stabilized at $8 minimum. It is also realistic that they could have planned their own manufacturing. The stock would have shot up to $20...which is still relatively lower than peers. Then...after another month or so they could have done an offering and raised 100 million and paid for their own manufacturing facility. This was very poorly planned. They lost a lot of trust and momentum.....it was a golden opportunity. You just can't immediately do the offering on the same day you up list. Really destroys trust.
Several people posted lists of requirements that SLTD did not have time to meet. How did this happen?
Then they could have done an offering and paid for their own manufacturing facility.
Then they could have done an offering in a month at $10. Can't imagine what they were thinking doing this all at once and ruining the enthusiasm and momentum of the up listing. At least if they had offered the shares at $6. Very disappointing.
Why do you say this? Just because it makes you feel good for a few seconds? Let the facts drive the share price.
There are few stocks that are home runs.....let this one happen.
Did you research the Nasdaq requirements? I have not. But just from reading the message board it seems that it could take at least 3 months or more to qualify.
If Trade Up said he sold...then he sold. Trade Up is straight Up. Even Ameritrade said it is possible...they just don't do it. Some firms will do so before the shares are delivered....and then finalize the paper work later.
I know you had to call them for this transaction with SLTDD but do you normally do your own trades from a Vanguard website? I have all my shares with Ameritrade and they are not willing or able to do a thing until the shares are delivered. In this rather rare situation I can see why it would be could to work with Vanguard. But in general don't you pay higher fees there? Why would you trade with them?
Uplisting Good.,stock split bad? Revenues good, debt conversion rate of shares issued bad? Revenues good, no talk of a manufacturing agreement bad? Thoughts?
I bought into this thinking MIFI has to go to $20 to be priced similarly to SWIR.
What specifically was positive? I felt discouraged when i read it. It mentioned the reverse split, which penny stock holders dislike...and the low convergence rate of SLTD debt.
Recommended KNDI at $4.50....18 months ago. Might get is around $14.50 today.
Could see a big rally this year....or NOT