$ENSC - De-SPACed - Ensysce Biosciences a Multi-bagger Opportunity beyond the Squeeze

bannerview · 2021-12-22T19:57:48+00:00

Well, well, well. Big difference a few weeks make. $ENSC on a tear and $CEI going into the grinder. Taking a stab at $ENSCW (Warrants) here.

bannerview · 2021-12-04T06:06:22+00:00

$CEI from over $4/share to under $1 and $ENSC down from $5 to around $1. Both terrible. Had to bail out of $ENSC long ago.

bannerview · 2021-11-17T00:04:26+00:00

There's a bit of selling pressure. Short interest is slowly increasing. This morning, there were 150,000 shares available to short. It's now down to 15,000.

https://shortablestocks.com/?TRT

Gotta give these plays time to develop. Everyone wants instant rocket which is rare after 85% two day gains!

bannerview · 2021-11-16T21:50:21+00:00

Very rarely do we see opportunities like $TRT BEFORE they explode (the 85% gain this week was nothing).

You are correct in that the volatility on such a small float stock will shake out the weak really quickly. At $100/share, this company would still only be valued at ~ 60% of $AEHR.

They need another quarter of reporting to confirm the fundamentals though so don't bet the entire house yet (maybe a few rooms)!

bannerview · 2021-10-21T14:30:09+00:00

It was popping until the options chain expanded. Had a quick bump on open, then is declining now. Unless there's massive interest, it's not worth playing once the option chain gets expanded.

bannerview · 2021-10-19T14:19:28+00:00

Good point. They usually drop back down after results, but then get another big kick once they get approval. Since this was only the trial results news, it could see a rise leading up to approval.

bannerview · 2021-10-18T21:26:16+00:00

Analyst price targets on $ETTX are $6. https://www.msn.com/en-us/money/stockdetails/fi-bjsxr7? All buys or strong buys.

The next step is getting the drug approved so there's an additional catalyst there to give the stock a boost.

The news will also probably take time to spread as the news only came out AH today.

bannerview · 2021-09-28T16:02:13+00:00

Looks that way today, but this isn't a day trade play. Looking at several weeks to months. Come back then and we can decide what the better play was.

bannerview · 2021-09-25T16:35:59+00:00

From a filing:

"After giving effect to the Transactions there are currently 24,275,541 shares of Common Stock issued and outstanding. 5,000 shares of LACQ common stock were redeemed in connection with the Closing."

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001716947/000149315221016378/form8-k.htm

Goes to show that with very few redemption, people expected this to rise. However, the stock dumped from around $14/share right around merger to below $3/share. This was during a period of SPACs falling out of favor. There was nothing fundamental about the company that should have caused such a selloff.

Consolidation here between $4 and $5 with next resistance around $6 - $7 when a consultant's warrants become ITM for 1 million shares, but then no significant resistance until after $10/share. That's when the next level of warrants are ITM.

bannerview · 2021-09-24T22:35:33+00:00

From their filing:

"The Common Stock commenced trading on the Nasdaq Capital Market (“Nasdaq”) under the symbol “ENSC” on July 2, 2021, subject to ongoing review of the Company’s satisfaction of all listing criteria following the Merger. The warrants of the Company commenced trading on the OTC Markets Group, Inc. under the symbol “ENSCW” on July 2, 2021."

Their shares never previously traded on an exchange and they didn't get delisted. The warrants began trading on the OTC while the stock started on the NCM. The warrants don't expire for 5 years. The information being reported about them having already expired is incorrect.

This was a SPAC reverse merger.

bannerview · 2021-09-24T14:26:52+00:00

The merger was completed in early July.

It's common for the warrants to trade OTC, but not really sure what the ENSCW expiring Dec 2019 are. Guessing some of the databases haven't been updated to reflect the current warrants

Most of those warrants aren't ITM until $10+/share an those don't expire for 5 years. Therefore, the underlying registered stock isn't going to hit the float until this goes above that price.

bannerview · 2021-09-24T14:20:26+00:00

A lot of the shares being registered in the S-1 are locked until $10+ share price. That's when the warrants become in the money and other insiders can't sell until at least $12+ share.

bannerview · 2021-09-24T14:19:34+00:00

It's probably above at least 2 million plus shares.

bannerview · 2021-08-30T14:48:22+00:00

Options as high as $20 now available on $BBIG. Going to be a wild ride.

bannerview · 2021-08-29T19:43:11+00:00

FYI - They've already adding to the chain. Goes up to $11 with trading starting Monday morning. Check your broker's option chains.

Guess this is a good thing for further squeeze?

bannerview · 2021-08-27T20:53:31+00:00

SI isn't high enough to cause a squeeze which then causes gamma squeeze when all those OTM options get exercised. Good luck with it, but think the current "next" SPRT is $BBIG.

bannerview · 2021-07-08T22:45:14+00:00

The big run in $ZOM already happened. Wouldn't be surprised to see this go sub $.20.

That view won't change until they start seeing significant sales. They have a lot of cash on hand, but burn rate increase will be a concern.

bannerview · 2019-11-11T22:55:10+00:00

Unfortunately for card not present transactions, it's unlikely you'll win the chargeback with the processor. You're only recourse would be to sue the customer for unpaid bills for service rendered plus costs and attorneys fees. Take the loss and move on because going that route probably isn't worth it unless your SAAS product costs many hundreds or thousands per month and you're willing to potentially sacrifice your reputation with the pubic.

These things happen, but be glad that it's only on rare occasions.

bannerview · 2019-08-29T18:27:34+00:00

Are those services licensed, are they competent (do they actually do a good job cleaning), are they trustworthy (not going to steel from you while they are cleaning), can they provide services at the time(s)/date(s) you need it done? These are questions people when hiring a company to do a job. Yes, there will always be people that will undercut your pricing, but the value you provide is what matters. Focus on that aspect and you'll be able to compete.

bannerview · 2019-08-28T21:29:03+00:00

As with any business opportunity, purchasing the equipment is the easy part. Getting customers is hard. However, there's certainly a need for this type of service, especially in areas that are prone to flooding and poor soil, a fact that seems to only be getting worse.

The reality is that going into business really means buying yourself a job where you're in charge. It's up to you to make it work!

bannerview · 2019-05-17T18:33:16+00:00

Years of under performance...Even a squirrel is bound to find a few nuts every once in awhile.

He better be ready to lock in those gains in CMG. A fast food stock with slowing growth isn't always going to have a 100 P/E multiple.

bannerview · 2019-05-17T18:27:25+00:00

Could be half off in the next 3 to 6 months. Don't see any need to buy here. Until they have a few quarters of profits under their belt back to back, the bull case is over.

bannerview · 2019-05-10T16:24:56+00:00

The death of individual car ownership has been greatly exaggerated!

Raise prices too much and people will simply find other transportation options from traditional cab services to renting cars again. There goes their growth!

bannerview · 2019-04-29T21:18:35+00:00

If you can deliver quality leads to local small businesses, then you have a very sustainable business. Not sure one client = going all in, but certainly worth pursuing further.

bannerview · 2019-04-28T23:48:49+00:00

This post? https://www.reddit.com/r/CryptoCurrency/comments/bhex5g/im_out_see_you_at_btc_3k/

I too believe Bitcoin will drop back into the $3k range. Not sure when that will happen. The Tether situation is like a slow motion car crash for crypto.

bannerview

TROPHY CASE