$DRIO .054 WAS AT 70 cents 8 days ago. On 5\29\14
Post# of 35239
$MHYS .0006 55 MILLION ON THE BID! 7 million was on the ask at .0006 but HUGE BUYS are taking that wall down. Was at .0035 just a few weeks ago & 52wkh is 5 cents! Low floater. Need to get it back to .0016 where it was just last week.
The sell-off is over and the diluting MM is completely gone! Easy double from here within a couple of days! Extremely oversold (from 0.0035 to 0.0006 in a couple of weeks) and extremely undervalued (joke low $34K ~ $39K MV) now as a reporting stock with two most recent news...
$DRIO .054 can you see that 1.55 MILLI crosstrade 2 minutes b4 close 10 ticks above the ask? THINK. ONLY 45 mill A\S http://t.co/KSUhHUDElx
In the after hours on Friday they dropped an 8k.
Contractual limitations on ownership"
This is interesting ...
"Of the aggregate Exchange Shares, 49,660,465 were issued as of August 22, 2014 and the Company has reserved an additional 4,370,485 Exchange Shares for potential future issuance due to contractual limitations on ownership as agreed to with a Buyer."
"LabStyle is restricted from selling more shares. They can only sell 4.37M shares "due to contractual limitations on ownership". LabStyle anticipated needing only one more $4M round of funding before being profitable."
$DRIO Analysts high price prediction on yahoo finance is almost $7? Go take look
Sorry for such a long post but if you are still reading look
EMAIL FROM DRIO (not to me but someone on a discussion board)
Xxxxxx,
We understand the frustration of investors given the current share price.
The board and management are diligently pursuing the steps detailed in our August 14th press release....
Also, I can confirm that as per our 8k we filed on Friday, we have completed issuing all the shares in respect of our February financing. "
DILUTION COMPLETED AS OF FRIDAY 8\22\14. A powerful BOUNCE to 20 cents is not out of the realm.
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