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Where are you reading that?
He's just dangling his rod with some bait on to catch out a few more unwitting investors.
Just giving the pot a little stir...
@Wisha - company is Willis Owen - not one of the more mainstream and I can't remember why I am with them - but I am!!
I previously had problems with them recognising the shares at all, which went on for months but eventually they appeared on my account. At some point since, they've disappeared again.
I've already got an open call with them about it. Seems it's a slow process!!
I don't have much choice but to sit and wait. My provider seems to have lost my 19k Accustem shares and don't know where they've gone!! They were showing on my account (in old money) then disappeared...
Because the trades aren't necessary matched in a single transaction.
At some point someone has sold a bunch of shares to a trader which shows as a Sell.
Later on someone else comes along and buys some or all of them which... well I'll let you guess the rest... :-)
Source please
That includes "The Company intends to monitor the closing bid price of its common stock between now and June 12, 2023, and has available options within the second compliance period to rectify the deficiency and regain compliance with the minimum bid price requirement. "
Presumably one of those available options is a share consolidation... I guess that makes little difference really though.
Another option is they are able to do something to perk the price up naturally.
I wonder which is most likely?
19357 in original shares, aren't they only a tenth of that now though?
SP is showing a modest rise at the moment, so "the market" not bothered
Well I didn't see this as a good thing but then I'm often wrong...
Which page was that on? I only skimmed through it and thought it was a fund raiser, i.e. a further dilution of our shares.
Ah, didn't know that, thx.
I see ACUT is up today another 25% at $1, at the moment.
Though the ACUT SP is up 99% on the day atm.
it's up and down like that all the time though...
Yes Greend100, that pretty much tallies with my understanding, though I didn't know he'd lost a partner to cancer.
They are taking a long time to do not much, apparently!
Well yes, and I'm in no doubt we will all be very well off if it comes off, but often it doesn't.
My recollection is that Accustem was not much more than a concept at the moment, and they would need more funding to continue but I may be wrong. Wasn't something like that said in their Annual Report?
If you don't mind me asking, what are you paying per share at the moment?
Neither TILS nor ACUT have a product to monetise. That's the simple explanation why its low. I'm surprised an investor doesn't know that.
Everyone expected to turn a quick buck with Covid, and many did, but most companies like this are long holds, at the end of which you might get very very lucky or more likely you might lose the lot.
It happened today. Three proposals were passed -
1. Election of officers (no change AFAIK)
2. Ratify the auditors
3. To approve an amendment to our Amended and Restated Certificate of Incorporation, to effect a reverse stock split of our outstanding shares of common stock by a ratio of any whole number between one-for-two and one-for-fifteen, at any time prior to October 10, 2023.
This last one will be to maintain the SP at a level such that it doesn't fall foul of the US rules, as Tiziana sadly currently is.
There are currently 11,337,571 shares. My money is on one to 15. Makes little difference really., but didn't they already do a 10 to 1 for us UK holders some time back?
https://sec.report/Document/0001493152-22-028454/
I don't see this as a get-rich-quick share. But then the shares cost me nothing...