 Hey traders, this is T Bradley 90 from the my investing club chat I'm one of the top mentors and moderators in chat as a special gift to our viewers on YouTube We have created a free two-hour course to help teach you how to start a consistently profitable trading business and identify high-paying setups in just 30 days There will be limited seating every week so register for the course and reserve your spot now Using the link in the description as a special bonus for everyone that watches the entire video We will give you the link to a free 10-hour additional mini course that has never been released to the public Register now before all slots completely fill up All right guys We have a new series this week in a special video for you today in which case out one of our moderators Sam Hajal Does daily recaps now and live trades and today he has a live trading daily recap of making $1,000 in 30 minutes on the ticker symbol work WORK and his thought process with it and while today is just a preview of the full-length video If you want to watch the full length or any of our exclusive content then become an MIC member Hey everyone, it's Chicago trader check it in for the weekly fundamental video Hope you guys had a nice weekend here Wrapping up the end of September here Monday, I promised I would go over a PSTV and Monday or Tuesday. I was one of the main movers We ended up doing a midday offering. So just kind of went to go through You know kind of what I saw Step a little bit more of a deep dive. So I'm pretty excited to get through this so First and foremost, you guys know that this isn't the best point of advice on my part or you know Be half of MIC so be sure to do your own due diligence So again, this was a stock that caught my attention in August when I had seen some of the PR that right here it actually is the AK that they were going to be reducing the conversion price of their preferred stock as long along with the series T1s from 79 cents to 15 cents Obviously not a good thing if from the company, but yet at the same time a lot of incentive to drive this higher on here Yeah, so this will be in PR this day Next day gaps down to seven two or three days later right around I think it was August 6th. They announced a One for 50 reverse for it, right so that applies to it so the 15 cents got takes take times 50 so $7 and 50 cents Post reverse split is what the conversion is at. So it was kind of something I kept on the back burner You know that gets announced so the reduction the reverse split this ain't completely plummets, right? So I had been playing this this day and in through here, and I was scratch on that one one day I won lost one day at last but More importantly, there was more behind the story. So let me get into this. So why was I so There's two factors that really kind of caught my attention with this after I looked into it. So The first thing was they had this shelf, right? The S1 back in February and then they amend it like so this is huge and I'll jump into this in a second But you know you go through the AKs, of course, I tell you guys in a lot of the videos when I look for This one was huge they did a listing one so before I jump in If you guys don't know I've covered this in a lot of the videos too So one of the things that you're most commonly going to see with the listing is they have to have right the dollar bid and They have to meet one of the following three right and VPHS 35 million net income of 500k and at least you know one of the I think last year or two of the last three years and a stockholders equity of $2.5 million And I've kind of just done a shortcut. They burn, you know roughly about a Million dollars a month. So if you go back to this AK On 821 so one of the things there's a lot of rules that you have to abide by it to be listed So those are the most common, but this first sentence first couple sentences here Is another one that you don't see very often hardly at all That they got a delisting notice from the NASDAQ because their float was under 500,000 So it's right around 450,000 I think I mean they get they have to offer right earlier. It was very very soon They did it and the thing plummet so why was I so confident on the 23rd when it popped up that there was gonna be You know a good good chance if I wasn't certain by any stretch of imagination You know time in the exact day of an offering is Tough but you can increase your odds obviously the later it goes on So you can see that for this rule to meet the minimum of 500,000 they had Until September 26th, right? So it pops up on the 23rd Pretty low on cash the day that this moved the 23rd. They actually One thing I didn't like about the PR was they were supposed to receive at the beginning of October Four and a half million dollars, which is decent for them But you know nonetheless that they had to meet this float requirement In addition, there were some other delisting notices So stockholders equity was negative 6.3. So again, it needs to be positive Two and a half million right so let's go through some of these numbers real quick So you got that right you got it's September 23rd when this thing pops up on a PR They have till the 26 to increase the float which obviously, you know dumping shares is gonna increase the float Stockholders equity those are the ones where they can get funky because right The easiest way to get rid of a deficit is raise cash or eliminate debt and 90% of the time is raising cash Hey traders, this is Tosh I go by T Bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about M. I see joining M. I see maybe you're a member already You have three ways to contact myself personally and through M. I see you can hit our social media You can hit me through pms in chat or you can contact us through my email at Tosh at my investing club comm That's TOS H at my investing club comm I will get back to you in a timely manner And I'm saying this because I'm here to help and I don't want anybody to be afraid to reach out and ask any Question that they have we are here for you guys. All right. See you guys