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This may be of interest to you all. I wrote this back in 2019 on how 2 Market makers play in this venue. Now they are #1and 2 on the ask. Notice Nite well below on the ask and the top on the bid, the 2 primary players are CDEL and CSTI on the ask.
MARKET MAKER - CDEL
I wrote this about CDEL 2019
Things have drastically changed with respect to CDEL over the last 3-5 years.
I know CDEL and what they consist within the pennyarcade and the overall trading sessions.
CDEL is a very large institution that comprises of many facets. First and foremost, they have the largest electronic trading platforms that is larger than Nasdaq.
They control over 35% of the volume that is traded through their systems and why you see them always ping ponging along with NITE.
Their only competition in handle large volume trades is NITE. When some of you came back and mentioned they are retail and doesn't do dilution or convertible/toxic debt financing is not accurate. They are one of the largest purveyors of shorting, conversion on convertible notes and yes Toxic Debt instruments. Not to mention that options trading is their bread and butter, and they are the largest in the world in this venue.
Second, CDEL runs one of the most successful global hedge funds and is very large in institutional buying and selling that far exceeds general retail outside of their electronic volume handling.
Someone mentioned about the 5th decimal yesterday, that there were some trades going through on the 5th decimal. That folk is institutional buying, not retail!! And it was CDEL that handled that part. Of course, it may also be trading among themselves to handle so called mask trades, which we see a lot of. This is simply a share amount like CDEL does a lot and notes only a 5,000-share count but seems never to leave.
CDEL was in front of all the trades. CDEL and most of their business is institutional. When some of you see CDEL who executed, is only because their Electronic Trading platform got routed, but their retail is for mostly their clients, but dwarfs compared to institutional.
This MM CSTI, is the problem with this shorting.
Also, let me mention that CSTI who is the second player along with NITE and is a European MM out of the UK and is allowed to short pennystocks. In the states where shorting pennystocks isn't allowed is where this MM (CSTI)is running interference for NITE.
However, CSTI isn't really playing in this sandbox, but that will change once we get that catalyst
Most of the popular penny stock MM route through NITE because they are quick to execute most orders, but CDEL is very much in this venue and competes with NITE
Each market maker has its own complex algorithm that tries to make trades and CDEL is considered to be the world's finest.
Many times, they do this by shorting the ask and then covering on the bid. It is here with respect to CDEL, CSTI and NITE bounce back and forth and what we have been witnessing in the last many sessions.
Sometimes when a stock is running and you place an order on the ask and you don’t get filled, it is actually the market maker taking shares on the ask.
Then they move up the bid and again is where CDEL shows up and NITE trails. Then on the ask and tries to bait traders into hitting the ask again to sell the shares that they just bought. This happened a lot and resulted in a deep slide and took out the emotional holders of which, I believe were not the Level II traders, but saw the quote and WOW!! panicked.
You will also see MM’s shorting a stock as it runs up because they know that it will eventually come down. Think of it this way. If they are able to short a stock at .17 and it runs to .19, you will hear people on the forums, or a market maker is short.
In reality, it really won’t matter because naked or shorting really isn’t enforced in Europe and Canada where it is legal and any short will eventually be able to cover, if then they just keeping shorting more. Here is where I believe CDEL played and accommodated emotional traders into selling.
So far, every indication that the share structure hasn't changed, and the O/S shares the float is in strong hands appears CDEL is a major buyer at this time.
The problem we have here is CDEL is playing counterweight.
Have a good day
varok
That's my thought too. On the road visiting family in Oregon. Anyone been watching L2 long enough this morning to tell if that's an AON order, or if bits and pieces of that gross wall have been taken from CSTI? Or are the hits @ 36 coming from CDEL?
It's either someone hoping to load more on the bid, or hoping to get out of a large position on the ask without thinking it through for a better way
BLEG $$$
A loading wall designed to scare to bid. Weak hands give in and let a group pick up the bid shares, then when loaded disappears. Thing is they can lose their shares also if a buyer scoops up all those shares. Seen it many times before.
interesting ask there. certainly capping any upward swing.
have 11k on the sidelines so if they dip it i'll have some to throw at it
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Somebody keeps chewing the shares btw .0035 and .0036 ...that is good >>> this could be a fake wall that may disappear any minute.
Yes, it is already flying up 28%+
Sometimes it is a tactic before a great NEWS yet to hit the market so that a good amount of shares can be picked up at a low pps before the runs begin.
That's possible, either way Its a stay for me. Nothing has changed. I wonder how much is left in the float?
I've gotten 500k so far today.
I remember that too
yes.
Come on $BLEG, follow suit! Want double runners!
For what it’s worth, I recall seeing a poster claiming he had 45,000,000+ share. Perhaps he got tired of waiting. Or games being played. or, who knows.
It looks like it and its retail
Oh wow! that is a HUGE LOADING!!! Will bring some volume at the same time. lol
Lolz looks like it
IDK but noticed 100k premarket trade 9:24am never saw that here before.
Shit is that for real ?????😧
Good morning all Q1 this week.
$BLEG
BLEG -UNITY MAKES STRENGHT!.....Lets support Our CEO Efforts to Succeed!....
A steady PPS Increase it is what will Attract New Investors the most!....
Yes, I agree! Both are very hot for this week at least, and they both have a great potential to reach $1
Trying to get the word out but I think 3/4 of ihub will be watching our other ticket this week.
Everyone NEEDS to bring their IHUB connections here...We ALL need to join forces >> this is the absolute time when all I see is a huge reversal on the horizon>> they will be so happy for the rewards that we ALL be enjoying here soon!
Sharing is Caring friends!!!! $$$
Good morning
Correction is due now!!! Best time to grab more at these levels. Q1 will be out any minute, today, tomorrow, or Wednesday at the latest.
Buddy, I think we have multiple steak options here that can served as main course meals. KAVA extraction is one but then we have HEMP, KATROM, CBD-derived GUMMIES, and VAPES, CO2 extraction all having their own unique tastes. Soon we will also hear about the trial-related FDA products...so much on the dinner plates that can be offered.
Besides, veggies are must to have...otherwise, you won't get the full taste (full reward). LOL
Plus, those White Labels contracts will keep coming as dessert items. LOL
Yes, please let us know on the updated SS.
Keep on top of Dave with your great questions in every area that investors would like to hear >> No doubt he is the BEST CEO when it comes to communication and building a HEMP, CBD company from the ground up but he still has a long way to go to reach PERFECTION in running a public OTC company.
Good Morning! Hoping for a nice correction in PPS this week.
The other stuff is like the veggies on a dinner plate with the kava contract being the STEAK. asked him yesterday for a share structure update
Dave is busy cranking up his production to full throttle to ensure every customer request is getting fulfilled while he explores new business opportunities. Boom!
$BLEG
?Royal Biotek is cranking out gummies to fill our back orders, another day or two and we'll be all caught up!
— Dave Oswald (@Dave_Oswald_CEO) May 9, 2024
...after that its time to run some hemp and kava!$BLEG pic.twitter.com/IBAwJ9hSuc
Stickied
The Sunday Newsletter - BLEG
Let's recap last week's trading session.
There were much frustrated feelings in the past week, and most was based on the anticipated inspection on the manufacturing facility and as usual, some took it has a negative and prematurely exited out. Folks, nothing has changed with BLEG and I myself stand on the strengths of the company and not on daily unfortunate business cycles that is part of the ongoing operation. Snags happen in business, and this was nothing more than a hiccup and can easily be corrected. The usual remedy that always placates business cycles is to find a solution and correct the issue. This is being done as we speak. For people to sell on such a small deviate is really taking trading on emotion to a level that only frustrates one's own mind. Also, the daily trading volume is very low on this issue, and it only takes 10 -15% of the volume to take it down beyond reasonable levels before it gets correct and further fuels the downdraft that it takes other inexperienced traders with them and this is exactly what happened, it was all on anxiety, emotion and just plain nervousness that propelled one to sell. The company wasn't at fault as they explained quickly the issue of what happened and is working to correct it.
Let me say something about the manufacturing end of the company and what they are going through. The last 2 on Fridays tweet is the most difficult and is generally the last in line for acceptance for client approval and a contract signature. My family business is in manufacturing with the same hurdles as BLEG. We manufactured specialty ceramics that was based on the client's specifications. One of our clients is the automotive industry that required a 1"x1" ceramic chip that would go into a sheen diagnostic machine. This ceramic chip was opaque, and the constancy had to be so accurate that even a .00001% deviation from their specs. was inadequate and brought us back to the drawing board and our labs were so intensely frustrated that it took months to finally come to a successful conclusion that was accepted and finally the contract. The manufacturing end took enough time for quality and consistency and can we produce the 1/4 of a million with the same outcome as the original sample provided by the industry. Man, that was a real task to say the least. Many sleepless nights. Same went for reproductions in the antiquities from museums. This was our specialty, but just to mention what the company like BLEG has to go through to get the contract. The clients under these negotiations have the last say and the company if given the contract will be well deserved.
There are 3 important factors that you must understand when you take a position in a penny stock. The first is the share structure. What kills every penny company is the dilution of the share structure and it is indisputable to argue the fact that this one issue isn't the greatest negative to your ROI. The second is the business model. Does it have standing, and can it uphold the dominate interest with respect to rev and in a growth progression that is needed to continue through the business cycle for expansion and financing without the dilutive factor. The third is the management team. Does the company have the expertise in it respective field and does, this is important have the interest of shareholders concerns and updating said shareholders on every turn on the progression and missteps.
Al 3 of these attributes are in the company's favor. The company reduced the O/S shares by 2b and that is a big deal and shows that the company has the intent to build the business model from within and not on the backs of shareholders through dilutive nature. The business model is a concept that is revolutionary with respect to cannabis, which is and will gain much more popularity as more and more states recognize the viability for taxing and other reasons, but more importantly, the company is venturing in byproduct items that have appeal in broad sectors and with approval after clinical trials can only benefit the company as a whole with the utmost legitimacy. of FDA and other interested parties. Also, and this is important, the Vertical Integrated Structure. The company has in place every facet of the sequenced of the business model from the raw material through the manufacturing process onto the sales end into the public domain. This part allows the company absolute control from beginning to end without outsourcing that otherwise would create unnecessary bottlenecks and production delays. The last but not the least is the management team. So far, the company has shown transparency and the desire to keep shareholders in the loop. Also, the team has and is the original team before the company acquired their respective industries and this is very huge endeavor that allows the team a coordination that otherwise would be a stage of Imbo due to a training period that now doesn't exist, and you have harmony over the whole process.
Now we move forward into a growth period with an exciting company and a business model that is fairly new with respect to a business venture that is on the ground floor and the only way is up. I stand by my target of .01-.05 through mid-way 2025. The opportunities here is so great that after last week's downdraft, this issue is an absolute buying opportunity and feel you should take advantage and hold long. The next assessment will be June 2025. To give the company 1 year is certainly a reasonable objective for it to take their plan to the next level and that is a Nasdaq elevation, but that is down the road. Now it is in your court to fully embrace what a growth company feels like, and it is a buy and hold.
Remember, we have the May 15th quarter this week.
See you all on the trading floor tomorrow and Happy Mother's Day.
Have a good day
varok
Nice newsletter. Holding strong. Great CEO. Wonderful ppl on this board.
Wow! We have Mick here! Welcome him whole heartedly!! Now we have Mick, I have no choice but to increase our short-term target from .02 to .04 and long-term from .05 to .1 Big Silver $$$
BLEG
Branded Legacy Inc (PK)
0.0037
-0.0002 (-5.13%)
Volume: 11,935,336
Day Range: 0.0035 - 0.0039
Bid: 0.0035
Ask: 0.0045
Last Trade Time: 3:57:50 PM EDT
Total Trades: 88
Great info., Varok! Next week will be the beginning of a strong reversal trend. Hoping to see a great Q1 and more.
Great info thanks very much!!
Positive forward thinking!!!
Great post varok. Very much looking forward to the growth of Branded Legacy over the weeks, months and years coming
BLEG $$$
The Sunday Newsletter - BLEG
Let's recap last week's trading session.
There were much frustrated feelings in the past week, and most was based on the anticipated inspection on the manufacturing facility and as usual, some took it has a negative and prematurely exited out. Folks, nothing has changed with BLEG and I myself stand on the strengths of the company and not on daily unfortunate business cycles that is part of the ongoing operation. Snags happen in business, and this was nothing more than a hiccup and can easily be corrected. The usual remedy that always placates business cycles is to find a solution and correct the issue. This is being done as we speak. For people to sell on such a small deviate is really taking trading on emotion to a level that only frustrates one's own mind. Also, the daily trading volume is very low on this issue, and it only takes 10 -15% of the volume to take it down beyond reasonable levels before it gets correct and further fuels the downdraft that it takes other inexperienced traders with them and this is exactly what happened, it was all on anxiety, emotion and just plain nervousness that propelled one to sell. The company wasn't at fault as they explained quickly the issue of what happened and is working to correct it.
Let me say something about the manufacturing end of the company and what they are going through. The last 2 on Fridays tweet is the most difficult and is generally the last in line for acceptance for client approval and a contract signature. My family business is in manufacturing with the same hurdles as BLEG. We manufactured specialty ceramics that was based on the client's specifications. One of our clients is the automotive industry that required a 1"x1" ceramic chip that would go into a sheen diagnostic machine. This ceramic chip was opaque, and the constancy had to be so accurate that even a .00001% deviation from their specs. was inadequate and brought us back to the drawing board and our labs were so intensely frustrated that it took months to finally come to a successful conclusion that was accepted and finally the contract. The manufacturing end took enough time for quality and consistency and can we produce the 1/4 of a million with the same outcome as the original sample provided by the industry. Man, that was a real task to say the least. Many sleepless nights. Same went for reproductions in the antiquities from museums. This was our specialty, but just to mention what the company like BLEG has to go through to get the contract. The clients under these negotiations have the last say and the company if given the contract will be well deserved.
There are 3 important factors that you must understand when you take a position in a penny stock. The first is the share structure. What kills every penny company is the dilution of the share structure and it is indisputable to argue the fact that this one issue isn't the greatest negative to your ROI. The second is the business model. Does it have standing, and can it uphold the dominate interest with respect to rev and in a growth progression that is needed to continue through the business cycle for expansion and financing without the dilutive factor. The third is the management team. Does the company have the expertise in it respective field and does, this is important have the interest of shareholders concerns and updating said shareholders on every turn on the progression and missteps.
Al 3 of these attributes are in the company's favor. The company reduced the O/S shares by 2b and that is a big deal and shows that the company has the intent to build the business model from within and not on the backs of shareholders through dilutive nature. The business model is a concept that is revolutionary with respect to cannabis, which is and will gain much more popularity as more and more states recognize the viability for taxing and other reasons, but more importantly, the company is venturing in byproduct items that have appeal in broad sectors and with approval after clinical trials can only benefit the company as a whole with the utmost legitimacy. of FDA and other interested parties. Also, and this is important, the Vertical Integrated Structure. The company has in place every facet of the sequenced of the business model from the raw material through the manufacturing process onto the sales end into the public domain. This part allows the company absolute control from beginning to end without outsourcing that otherwise would create unnecessary bottlenecks and production delays. The last but not the least is the management team. So far, the company has shown transparency and the desire to keep shareholders in the loop. Also, the team has and is the original team before the company acquired their respective industries and this is very huge endeavor that allows the team a coordination that otherwise would be a stage of Imbo due to a training period that now doesn't exist, and you have harmony over the whole process.
Now we move forward into a growth period with an exciting company and a business model that is fairly new with respect to a business venture that is on the ground floor and the only way is up. I stand by my target of .01-.05 through mid-way 2025. The opportunities here is so great that after last week's downdraft, this issue is an absolute buying opportunity and feel you should take advantage and hold long. The next assessment will be June 2025. To give the company 1 year is certainly a reasonable objective for it to take their plan to the next level and that is a Nasdaq elevation, but that is down the road. Now it is in your court to fully embrace what a growth company feels like, and it is a buy and hold.
Remember, we have the May 15th quarter this week.
See you all on the trading floor tomorrow and Happy Mother's Day.
Have a good day
varok
Yes, absolutely! 💯 Once the Q1 is out..everyone will be able to see the official numbers; growth in revenue and the asset value.. I still think short-term (30-60 days) target is .02-.03 and long term (90 days+) will be much above .05 once Q2 is out.
100% !! 👍👍👍
This is a gift now !
Sentiment will change once we go northbound again. $0.0037 is a joke considering just asset value, not mentioning forward looking revenue. Don’t care if it’s postponed for a few weeks, PPS will auto-correct a lot faster.
PoP, even though Kava Contract is a major deal that has been pushed back by few weeks but it is not the ONLY product that the company is going after.
As you know, BLEG had acquired 5 different companies in the last 6-8 months that specializes in many different HEMP and CBD infused products. Plus they have many other corporate milestones yet to achieve. I am sure you can follow up with Dave on Twitter X on those areas. At the same time, you can share your concern on how you and many of us felt on this Kava contract slippage and how this kind of misunderstanding or communication gap can be avoided from happening in the future.
I think we all feel that you are a great asset to this BLEG ihub board in providing us real time news/updates straight from the source.
We really do appreciate your enthusiasm and support and we look forward to have you with us till this ticker reaches a $1 figure. All the best 👍
For sure! There is no question about it.
BLEG ***RE: mzasif - Post# 59788- Saturday, May 11, 2024 5:02:58 PM
👀***If News are Positive and there is an "Hefty" Selling Volume of the Product......We Might be Winning the Jack-Pot!....😅...lolololol....
👀***FROM: THE GLOBE AND MAIL....
Shares of this Biotech Holdings Company Up on LOI
📍***This firm is finding success following news of an LOI to purchase a prolific product developer who offers a meticulously curated line of wellness solutions ranging from gummies to compression sleeves and pain-relieving topical creams.
📍***Leading biotech holdings company Branded Legacy (OTC.PK: BLEG), Inc. announced in a press release today the signed letter of intent to purchase Sycamore BioPharma, LLC, an established developer of plant-based pharmaceuticals. By aligning with Branded Legacy's commitment to expanding its portfolio in the biotech sector, this will further solidify its position as a key player in the industry. Branded Legacy will secure over 2 Million in assets, $500,000 in high-quality ready-to-sell inventory, as well as personnel necessary for clinical trials in the upcoming acquisition
📍***Additionally, the collaboration looks to create synergies across various aspects: Branded Legacy's web properties, brand management, and marketing teams will work in tandem with Sycamore BioPharma to maximize the reach and impact of their innovative wellness solutions, enabling a seamless exchange of ideas, expertise, and resources to enhance customer experiences and elevate both brands in the market.
I like it what you shared with us.
RSI is at its best for huge reversal...kaboom kabash all next week $$$
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CEO
David (Dave) Oswald, a dedicated professional with a passion for sustainability and a strong academic background in scientific disciplines. With an Associates of Sciences in Business Administration and a Bachelor of Sciences in Environmental Science and Micro and Molecular Biology, Dave has developed a diverse skill set. His experience encompasses laboratory work in genetics, biology, chemistry, and engineering. Through partnerships with non-profits, universities, and government departments, Dave has demonstrated a commitment to implementing sustainable practices that enhance efficiency and reduce costs. With his scientific expertise and dedication to the environment, Dave is a valuable asset in driving positive change and promoting a greener future.
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