Sonendo Inc (QX) (SONX) News

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

Who is even trading this?

Agreed

It’s the only positive out of the situation

More insider bidding this morning as there is a 9 bid for 120k shares

Unless their shares are protected lol

I'm surprised as well. Could the insider buys be a sign of which way the voting will go? Not sure why they'd be buying if they understand a r/s is on the horizon.

I’m surprised an analyst hasn’t picks up on this yet

Insiders definitely have been buying

https://archive.fast-edgar.com/20240523/AO2ZS22CZ222H26E222O2WO2WDQOZU22Z462/

Not sure if ya'll saw the latest form 4 from the SVP of operations

Hopefully this ceo gives otc retail a chance at making some money

Unless one has super blue chips people need to have a trigger finger and not hold.
Your ass will get dumped on quick by holding

Huge transfer of wealth to the upper crust

I couldn’t agree more….

This public market stuff is easy as taking candy from a baby for the mm and public CEOs

Seems like it is non stop on my longs

More bullshit rigged trading

Another bear painting at the close….

Smart

That is why Im holding my big bid at 3-5 cents. If I’m wrong, good, if I’m right, good too as I know this will be much higher long term

This crap is gonna sell every day till they put out some news or they RS

Nobody knows yet it has to be votex on