Fgreen426

Just wanted to give a shout out to @markcroock- great webinar today! @timothysykes @kroyrunner @MichaelGoode @TimLento and everyone else in the challenge. I have learned more in the last week and half than I did in the past 15 years. Hopefully done working the 9-5 by the end of the year.

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motyben
motyben Jul 13, 3:41 PM

Where this webinar can be watched ? ill appreciate a link

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Bito

@MichaelGoode hello! So today KOTV had a massive drop because of an offering I think. So I was wondering at what times can offerings be done? Do they have to have a shelf registration to do it during regular market hours or does it have to be an atm? Or does that not matter? Sorry if my question is unclear. I was just confused cause I see some stocks drop bc of offerings Overnight and some intraday and I’m not sure if there’s a specific reason for that or if the company is just releasing the offering whenever they want. Thank you!!!

MichaelGoode
1
MichaelGoode Jun 24, 9:14 AM

Offerings can be done at any time -- as long as there is an effective shelf registration. Even if there is no effective registration a company could do a PIPE with a promise to register those shares in the future.

Bito
Bito Jun 24, 1:14 PM

Again, you da best thank you 🙏

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parrys_corner

@MichaelGoode Hi Michael. I am a new challenge student and I have been studying the DVDs one by one. I am on SEC filings now. Based on what I learnt in the DVD, I applied it on SSFT for a case study over this weekend. Since this is the first time, I am a bit cloudy on deriving an opinion after I analysed them and I have some lingering questions. Please will you be able to offer some clarity if I send you my inferences and questions on Sonasoft ? Please can I email you my document ?

MichaelGoode
MichaelGoode Jun 15, 2:57 PM

I assume you are the one who contacted me in chat in which case I already have those, right?

parrys_corner
parrys_corner Jun 15, 3:59 PM

yes yes, I am the one. I realized there was no way to share a file in the comments, so then pinged you in chat.

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Abdula

@MichaelGoode Hi Michael. Could you please assist me in which chapter of the SEC DVD I can find information about offerings. Thanks.

Abdula
Abdula May 22, 10:39 AM

Thanks a lot. Ricky has great videos on offering and pipes.

MichaelGoode
MichaelGoode May 26, 6:47 PM

@Abdula got a bunch of notifications of new comments from you but I don't see anything -- maybe try sending again or sending a message.

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Bito

@MichaelGoode Hey Michael, while SRNE might be a little irrelevant right now I was trying to understand SEC filings better after your DVD and your YouTube interview with Bohen. So for SRNE on the 424B5 they are saying the offering is worth $250,000,000 and can be exercised at a price of 1.67 or it can be exercised ATM? If I got it wrong if you put could break down that offering or help me understand that would be absolutely amazing. Thank you!

MichaelGoode
1
MichaelGoode May 20, 5:09 PM

"The Purchaser is an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act. The Purchaser has informed us that it will use an unaffiliated broker-dealer to effectuate all sales, if any, of the Purchase Shares that it may purchase from us pursuant to the Purchase Agreement. Such sales will be made on the Nasdaq Capital Market at prices and at terms then prevailing or at prices related to the then current market price. Each such unaffiliated broker-dealer will be an underwrite

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JustCash

OBLN seems like a good shorting opportunity.. reminds me of YUMA after its reverse stock split.. Was curious to know your thoughts and see if I'm on the right track with my thesis.

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MichaelGoode
MichaelGoode Jul 25, 19 1:54 PM

I hate shorting stuff down 10% on the day already. That being said, it likely continues to fade, but you need to be careful with these reverse split stocks because the float is so low

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tommyvercetti55

@MichaelGoode Hi Michael, I was wondering if you are able to trade OTC grey market stocks with IB? It's not letting me, saying "Trading in OTC grey market stocks is not supported". Really frustrating. Is there any solutions for this? Thanks!

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MichaelGoode
1
MichaelGoode Mar 12, 19 10:35 AM

There is no way around this -- if you have a position in a grey-market stock at IB they will let you call the trade desk to close it out. But they won't let you open new positions in grey market stocks. If for whatever reason you want to trade grey market stocks you will have to use another broker.

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