Sonendo Inc (QX) (SONX) News

The who NASDAQ NYSE ipo thing is just a cash grab screwing of retail.
All these little companies start at $5 and sell the shit out of it driving it down to 20 cents. They get disciplined by authorities and then just RS and start over . Then twitter groups run it up a few cents and sell also
What a crooked corrupt game

It’s all over the otc crazy

Just based on $44 million in revenue this should be 40 cents

Market maker magic

How can this not ever go above 9.5 cents?
Some crooked shit going on here

Yeah me too! Imo they will unload some news to get the price up higher before a RS

Seems like management has a lot of skin in the game, which is the only thing that gives me hope at this point.

Yeah! It’s some strong stuff going on.
I’m hoping they pump this before they decide to split

“ranging from 1:10 to 1:200, at the discretion of the Company’s board of directors at any time prior to the Company’s 2025 annual meeting of stockholders”

Imagine if the ask was this during trading hours lol

Trading pattern called price fixing

Real old lol

85k in buys. 10k sells. Red and down 5%. This shit is getting old.

Let’s get some activity by management to garner interest

Ok, they have till next years meeting it looks like

They released an 8k . The ability to change the articles of incorporation to allow reverse splits was voted for by 44,900,615 to 6,536,470 against and 6186 abstained. Now we have to see if management moves forward or not and if so, what ratio

Some selling must have went thru:(

They were supposed to vote on it yesterday but I can’t find anything document

$sonx??
I haven’t been following Scottie just waiting to see what happens

Did they vote on the split?

Kind a dead here lately
What do you think of this GME bit?
I think this guy is doing this all to prove a point on market manipulation. I wonder if other people bought 6/21 $20 calls. People see all this crazy manipulation and are like “I’m joining this guy to fight the system”. Financial revolution

https://www.businesswire.com/news/home/20240605181279/en/Sonendo-Strengthens-Leadership-With-Key-Strategic-Appointments/?feedref=Zd8jjkgYuzBwDixoAdXmJgT1albrG1Eq4mAeVP39212Qz_ltgX8NUXRENN5-zW2WevRMp3sIgu8q3wq1OF24lT93qbEzrwa15HGbLqMObxalRFKs9flrQm2P0eUg2W02IGErr-5SF3e_2deFaXESdQ%3D%3D&utm_source=dlvr.it&utm_medium=twitter

When do the let this start to trade again ?
Shenanigans to keep it low for leadership to buy their shares

To adopt and approve an amendment to our amended and restated certificate of incorporation to effect a reverse stock split of our issued shares of common stock, at a specific ratio, ranging from 1:10 to 1:200, at the discretion of our board of directors at any time prior to our next year’s annual meeting of stockholders, with the exact ratio to be determined by our board of directors without further approval or authorization of our stockholders.

So this is just to vote for the RS
Looks like they could approve it anytime before next years annual meeting
So it gives them a lot of time to implement the plan, pump it up and sell their stock they just bought before next annual meeting

I’m averaging at 13 cents. I just may average down to 10 cents to get out, I’m not sure

And an honest question, if insiders are buying, does that pretty much negate the possibility of good news surfacing for a pump by the 10th?

I was actually wondering if there was some sort of clause, but that seems pretty ridiculous if they can vote on a split and avoid any effect from it themselves. Makes insider buys insignificant then, right?

I'm stuck with a .20 average with waaaay too much invested after the V-day funds investing. Cant get myself to average down with a possible r/s looming. How about yourself?

I’m sure there is some clause to protect them
R u or is anyone else buying at this level?

Tempted but I hate splits

Yeah, June 10th sounds right. Possible the right for the company to vote was only part of some kind of formalities? Not sure why they'd be buying if they knew their shares would only be slashed and face a loss of value. Weird.

I’m wondering if we get news and a pump soon. They are supposed to vote on a RS June tenth I think

New CFO acquired 720k shares 🤷

https://archive.fast-edgar.com/20240606/AE22Q622ZZ22OZ7Z2ZT42Z425VB99K22Z262/

I’m all in for a pump lol

Ya I saw this last night
Still looks like we have a base on the chart. Might pump

The new cfo will have a base salary of $425,000 plus stock bonuses
And this company is stuck at 9 cents ? lol
Retail always gets the shaft. I mean come on they got booted off the nyse and won’t play ball on the otc so their shareholders can partake in some $
What a crock lol

https://www.otcmarkets.com/filing/html?id=17601179&guid=FjQ-kWua4r7-B3h

Sneaky they just put it in their website

Some news out https://investor.sonendo.com/news/news-details/2024/Sonendo-Strengthens-Leadership-With-Key-Strategic-Appointments/default.aspx

Change in Company Ownership means something.

Not at all clear if it pertains to SONX though. Very happy where I am thank you. See your inbox. If anyone wants to see where I'm at, they should follow my profile. Delighted to see you there, entirely all your call of course guys. 👋🚀

This has to mean something Insider Trading: Largest Purchases + Change In Company Ownership#Healthcare Sector | #MedicalDevices Industry
Week of 2024-05-24$SONX $LFWD $TMCI $IART pic.twitter.com/finbiZKq8C— Form Fore | Insider Trading Analytics (@FormFore) June 3, 2024

Outhouse luck! Still time ror anyone...
Just make it very soon. 👍

Agreed, smart choice

I'm happy where I am took a loss

Pleased I did, SONX will have it's day in that time I'm making money elsewhere. That's the market!

I hope he doesn’t throw away retails shares with a RS personally.
Only good news imo is a buyout or a major partnership. He doesn’t want to play ball and build the business on the otc, that’s evident

Good point, it's not about that. Strictly CYA

Standard procedure. Might, might not happen. He's holding out for a bit of good news, but you as CEO absolutely must cover your keester. Not just for your own shares also for your business. Don't forget Bjarne's got a quarter century into this company. He's not going to throw that all away!

I don’t see any need at all for a RS unless NASDAQ or NYSE is on !

Form 4's never stopped, no explanation either. WTH? That really gets an investor down when company doesn't explain intent or at very least hints at a positive. Nothing but stoic silence.

It's going to take more than an Insider buying pump. It's a good sign, but not enough catalyst from the R/S dark cloud Scottie. Unfortunately SONX is making a name for themselves as an R/S printing machine. 2nd time around now seems inevitable, so a damning one. Company credibility is a liability now. Really sad, because it's an incredible product.

It's only hope against a 2nd R/S is really GOOD news. Mid October IMHO SONX will become an election issue on both sides of the border I think. Good teeth promote good health. Mid-Oct. thereabouts anyways... Barring any surprise good news announcement obviously. GLTYA!

If the top level is buying maybe it should be a buy?

It’s a sell till it’s not

See Barchart "opinion"
Yes it's TA and doesn't account for the future but if I don't respect that opinion in my DD. Geez I better hang up the spurs. I still think mid October will be an entry point this year if at all in 2024.

Barring any cataclysmic PR of course.

What in the world r u talking about lol

Hell no, are you completely Crackers man?
Quit rushing me or I'll tell Bjarne. Then you'll be up Sh⚡t Creek...

Market is all jacked up
Chart wise I think we found a bottom