Variable-priced paper is outstanding while the listing is under stress — the structure where dilution can accelerate. Watch the share count each quarter.
Radar 68 (elevated attention) · dilution pressure elevated · listing risk elevated · governance risk low · runway n/a · strongest signal: Convertible note (Sep 21, 2026)
What would confirm: Rising share count in 10-Q cover vs prior quarter; repeated 424B3 resales; another reverse split proposal.
What would prove it wrong: Notes repaid in cash / equity line terminated (8-K 1.02); share count flat quarter over quarter.
Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.
Independent filings stitched into a thesis, each with what would confirm and what would prove it wrong.
Variable-priced paper is outstanding while the listing is under stress — the structure where dilution can accelerate. Watch the share count each quarter. Discount-priced or variable-priced securities are outstanding while the company is managing its listing with reverse splits/notices. Each conversion lowers the price, which lowers the next conversion price.
No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.
Runway = liquidity ÷ monthly operating burn at the latest reported period. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.
Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.
| Date | Signal | Evidence | Score |
|---|---|---|---|
| Sep 22, 2026 | ▼ Near $5M MVLS floor | Public float $3,636,267 (as of 2025-07-01) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 28 |
| Sep 21, 2026 | ▼ Convertible note | “convertible note” language in 8-K (EX-10.2) filed 2026-09-21 filing | 45 |
| Sep 21, 2026 | ▼ Reverse split | “reverse split” language in 8-K (EX-10.2) filed 2026-09-21 filing | 35 |
| Sep 21, 2026 | ▼ PIPE | “pipe” language in 8-K (8-K) filed 2026-09-21 filing | 33 |
DAIC CID Holdco, Inc. · GOVX GeoVax Labs, Inc. · MYSZ My Size, Inc. · SNTI Senti Biosciences Holdings, · GCTK Glucotrack, Inc. · PFSA Profusa, Inc. · screener →