Penny Stock Thread

381,390 Views | 3015 Replies | Last: 2 yr ago by LatinAggie1997
Brian Earl Spilner
How long do you want to ignore this user?
AG
Doubled my position in RGBP at $0.03285.

Figured since I was net free already, it's not a huge risk to double down.
johnnyblaze36
How long do you want to ignore this user?
AG
I bought OZSC at .23 and it's now at .07. I'm starting to think I'm really bad at this.
Spaceship
How long do you want to ignore this user?
AG
johnnyblaze36 said:

johnnyblaze36 said:

Tyrone_The_Tuna said:

ENZC, what are your thought?
I'm in it at .23 and it was down 41% today with a close of .13

I still like the stock but today was brutal.
Update: I kind of hate this stock.

It's been brutal, but I've been buying on the way down. It will pay off.
johnnyblaze36
How long do you want to ignore this user?
AG
Can someone smarter than me explain what this news regarding RGBP just released means?

https://www.sec.gov/Archives/edgar/data/1589150/000160706221000085/rgbp041621form8k.htm

edit: the sentiment seems to be that this thing is going to rip on Monday because this company Zander has decided to keep its 200 million shares of RGBP.

Quote:

Item 1.01 Entry into a Material Definitive Agreement
On December 16, 2019 Zander Therapeutics, Inc. ("Zander"), KCL Therapeutics, Inc. ("KCL") and Regen Biopharma, Inc. ("Regen") entered into an agreement ("Agreement") whereby:
1) Zander shall return for cancellation 194,285,714 shares of the Series A Preferred stock of Regen ("Conversion Shares") acquired by Zander through conversion of $340,000 of principal indebtedness of a $350,000 convertible note payable issued by Regen to Zander. Subsequent to this event the principal amount due to Zander by Regen pursuant to the Convertible Note shall be $350,000 which shall be applied pursuant to the Agreement.
2) A $35,000 one time charge due to Zander by Regen ("One Time Charge") shall be applied pursuant to the Agreement.
3) $75,900 of principal indebtedness due to Regen by Zander and $4,328 of accrued but unpaid interest due by Regen to Zander shall be applied pursuant to the Agreement.

No actions were taken by any of the parties to enforce the terms of the Agreement.
On April 15, 2021 the Agreement was amended as follows so that the material terms and conditions shall be:

a)
Zander shall not return the Conversion shares for cancellation and the principal indebtedness of the aforementioned convertible note shall not reflect such return

b)
As of December 16, 2019 all principal and accrued interest payable by Regen to Zander on that date resulting from Promissory Notes issued by Regen to Zander shall be credited towards amounts due by Zander pursuant to that agreement, as amended, entered into by and between Zander and Regen on June 23, 2015 ("License Agreement") whereby Regen granted to Zander an exclusive worldwide right and license for the development and commercialization of certain intellectual property controlled by Regen for non-human veterinary therapeutic use for a term of fifteen years and that License Assignment And Consent agreement entered into by and between Regen, KCL and Zander on December 17, 2018 whereby Regen transferred and assigned to KCL all rights, duties, and obligations of Regen under the License Agreement and KCL agreed to assume such duties and obligations thereunder and be bound to the terms of the License Agreement with respect thereto.

agcrock2005
How long do you want to ignore this user?
AG
RGBP or RGBPP? Confusing that there's two of them with the same name.
johnnyblaze36
How long do you want to ignore this user?
AG
Good question. Towards the top it mentions "preferred shares" so maybe this applies to RGBPP. I'm not sure. Either way hopefully it affects both positively.
Madagascar
How long do you want to ignore this user?
AG
IBKR will let you buy RGBPP but not RGBP.
LatinAggie1997
How long do you want to ignore this user?
AG
Perhaps Lazar and the EGOC reverse merger will emerge out of this realm.

https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chinas-dominance-in-rare-earth-metals.html
agdaddy04
How long do you want to ignore this user?
AG
$HCMC
Kampfers
How long do you want to ignore this user?
AG
Addressing a few points in the video. I appreciate the guy for trying to break it down but it's clear he doesn't have a legal education.

"Why would HCMC put all their eggs in this basket before it gets to discovery?"

Well, because if you don't establish the plausibility of your claim, you'll never get to discovery.
Separately, if the claim is frivolous, they might be throwing it all out there to try and force a settlement.
As PM states in their memorandum of law, they would essentially be looking for a "nuisance settlement" - basically the cost and hassle of going through discovery would make it worth it for PM to settle even if they had done nothing wrong.

Are PM's tactics here a "scare tactic?"

No. We're past the point of scare tactics. You don't put scare tactics in your memorandum of law supporting your 12(b)(6) motion to dismiss. This is written for the judge, not the plaintiff. Scare tactics would be used in negotiations between the two involved parties or in threats to counter-sue. This document is where PM would advance their best legal argument in support of their motion, not try and scare HCMC off. Any chance that they might have been successful in doing so is long gone. I'm pretty sure their lawyers aren't stupid.

What is the main legal defense? Is it a good one?

The main legal defense is that there was no infringement. The patent is for something that requires combustion, and PM's devices are specifically engineered to not have combustion. I have not viewed the patents in depth and know very little about the merit of this claim. I'm not qualified to judge whether this is a winning legal argument or not.

The PM brief's discussion of Twombley and Iqutbal is correct based on my understanding of civil procedure, so if there is a legitimate alternative theory (re: no combustion), it could be grounds for dismissal.

The discussion of the definition of combustion does appear to favor PM. If, as they state, HCMC is relying on a document for it's use of "combustion markers" but simultaneously disavowing that document's definition of "combustion", that would seem to be a major flaw in HCMC's argument.

I haven't read any of the other court filings and I only took a short look at this one. I also haven't seen the patents in dispute. But I'd caution anyone from feeling super optimisitic just because of this video. His main counterargument (about not having anything for the next round) is a huge misconception. This isn't some 15 round fight where you have to hold back your best punches early on to preserve your gas tank. You have to lay out your best possible legal argument with the available facts right from the off, or else you won't satisfy the well pleaded complaint rules and your case will never make it to discovery. HCMC is trying to get to discovery to either force a settlement or to find the actual proof of infringement. Without discovery, they won't win at trial. So it's naive to say that they are "holding things back" at this point.

I can't speak to the science in the medical report either because it's not my field and I'd be way out of my depth. On a surface level, however, that does give me more faith in the merits of HCMC's arguments.

Why would PM make this argument?

Because they think they can win. Winning litigation would be far cheaper than paying out to HCMC. And even if they don't believe they can win - because putting HCMC in a poor position re: the litigation would at least make coming to a settlement far cheaper on PM. They pay a lot of money to their lawyers to figure this stuff out. They'll have done the math about the merits of taking this to trial. At a minimum, it's worth it for them to fight it until the judge grants discovery for HCMC. Alternatively, if they can get dismissal before that point, so much the better.

I'm not going to make any predictions on the outcome of the lawsuit. I haven't read enough of the material, relevant caselaw, or looked at the patents (much less had the technical wherewithal to understand them). But I wouldn't look at the most recent filing and decide that it's worth throwing my life savings in the stock. I have ~50k net-free shares in HCMC. I'll continue to let them ride, but I'm not rushing to buy anymore off of this.

If the judge denies the motion to dismiss and decides to grant discovery, that would be a much more significant step in HCMC's favor and would likely see the stock price rise. Any movement in the price between now and then is purely anticipatory.

TL;DR - it's not as simple as the video makes it out to be.
agdaddy04
How long do you want to ignore this user?
AG
agreed, thanks for that detailed breakdown. Yes the "all the eggs in one basket" didn't make sense at all, because it could be dismissed.
LatinAggie1997
How long do you want to ignore this user?
AG
One oddity in the patents and definitions being argued - I am almost certain that PM is arguing "No combustion" yet there is a PM report/test/something that shows a 3% combustion.

I might be remembering it incorrectly but if true it would increase PM burden to disprove the NO combustion, or at least lend more credibility to HCMC infringement argument, and a possible avenue to discovery.
Playa00
How long do you want to ignore this user?
AG
Obviously there is thought that HCMC has a strong case here post PMs response or the stock price wouldn't have boosted so much post report. Right? What am I missing?
johnnyblaze36
How long do you want to ignore this user?
AG
RGBP listed as a 100% BUY here:

https://www.barchart.com/stocks/quotes/RGBP/opinion

I'm tempted to buy another 60K shares tomorrow.
Jet Black
How long do you want to ignore this user?
Bought a measly 10k shares at .0297 on Friday. Tempted to buy more as well.
shalackin
How long do you want to ignore this user?
AG
Why can't I find these on Robinhood?
YouBet
How long do you want to ignore this user?
AG
shalackin said:

Why can't I find these on Robinhood?


Because it's a sh^t platform. Fire them.
sts7049
How long do you want to ignore this user?
AG
you can't buy OTCs on RH
Tibbers
How long do you want to ignore this user?
https://www.sec.gov/news/public-statement/staff-fully-paid-lending

Thoughts on the new short rules kicking in on the 22nd?
johnnyblaze36
How long do you want to ignore this user?
AG
Can someone explain to me how these OTCs go up pre-market? I had an order for the ask on RGBP for .033 when the actual price was .032 and now it says it's up 9% to .036. So now I feel I should cancel the order and just buy the new ask.

Of course I said in a previous post that I always make the FOMO mistake of just blowing my wad at the open instead of waiting to see what happens but this price still seems ridiculously low so I'm destined to repeat my habit right now.
sts7049
How long do you want to ignore this user?
AG
my understanding is they don't trade PM or AH, so whatever you see is not relevant.
Brian Earl Spilner
How long do you want to ignore this user?
AG
RGBP down to 0.0288.

Honestly I don't know whether to think about selling or buying more.
Brian Earl Spilner
How long do you want to ignore this user?
AG
Screw it. Bought some more.
johnnyblaze36
How long do you want to ignore this user?
AG
I bought this morning at .0348 and more at .03 and it just keeps going down. I now own 150K shares and major bag holding at the moment.
Brian Earl Spilner
How long do you want to ignore this user?
AG
I'm at avg $0.0331.

I'll probably sell if it manages to hit $0.08 again.
johnnyblaze36
How long do you want to ignore this user?
AG
Only down 30% on the day. I should have waited until lunch time. One of these days I'll learn. Ugh. I don't see how this is tanking so to speak on such large volume and seemingly lots of good news surrounding it. Time to logoff and get some real work done.

edit: DSCR is another one I read a lot about this weekend but didn't buy today. Now up 35%. Classic.
Brian Earl Spilner
How long do you want to ignore this user?
AG
Well...glad I didn't go in TOO hard on penny stocks.

RGBP -30%
TECXF -13%
Tibbers
How long do you want to ignore this user?
Yep, getting shredded today too.
Brian Earl Spilner
How long do you want to ignore this user?
AG
Ugh. Dare I buy more RGBP? Down to $0.21.
Tibbers
How long do you want to ignore this user?
Brian Earl Spilner said:

Ugh. Dare I buy more RGBP? Down to $0.21.


I used to think I was good at telling when and why. This market makes no sense.
South Platte
How long do you want to ignore this user?
I'm actually green today. +.58%, but still. Ugly, ugly day overall. Many of the stocks I have on my watchlist are down 20-30% or more.
aggiedad20
How long do you want to ignore this user?
20s was the bottom of RGBP...know what you own
Jet Black
How long do you want to ignore this user?
RGBP up a bit from its low today.
Brian Earl Spilner
How long do you want to ignore this user?
AG
MASSIVE volume spike for RGBP.
johnnyblaze36
How long do you want to ignore this user?
AG
As I expected, the U.S. Government's announcement over the weekend that they would be "cracking down" on cryptos also sent my mining stocks way down. Thanks a lot, Biden.
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.