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The longer they wait, the bigger that nudge should be.
We just need a little nudge
There will be PR'S and tweets before the 4th quarter,fiscal year filings.
This is the same management that killed the previous run with an RS news release that wasn't happening for months. They like to surprise.
Thanks Offshore. Personally its hard to believe this ticker/company would waste this golden opportunity to sky rocket there stock/company market price just to dilute shares SMH. Great things are coming you can just feel it and obviously a 3 yr can see the stair steps off the 200dma on the chart LMAO.
$3close tomorrow would set up a amazing FOMO type move next week. RSI is low and plenty of room to run.
Nice little jump today...I thinknit was more manipulation then people suddenly waking up to LIBED.
You won’t be getting revenue news until March. Gonna be a waiting period.... buckle down
Love some revenue news after close tomorrow and let it simmer over the weekend!! Monday would just be nasty good! Lol
8k
items 3.02
second paragraph
last 2 sentences
company took measures to make sure to the stock was restricted
This is from Det Thorn Post!
Setting up for buyout or big(ger) dilution conversions
Last night, LIBED's former CEO wrote a cryptic post that, IMO, implied that the reason for the Series X conversion was that NGEN/LIBED was going to be acquired.
While that is a possibility, considering his history as LIBE's CEO, it should be viewed skeptically.
One other possible reason for the Series X conversion and this subsequent pump is that the convertible debt holders can now convert many more shares per day than they could before the conversion.
When there were only 1.86M outstanding shares, they could only convert 93K shares/day without hiting Reg 144 limitations. With 35.7M outstanding shares, that limit rises to approximately 1.78M shares per day.
With some kind of news and the higher price, they might be able to dump 1M-2M shares over a period of a couple of days at a conversion price of say, $0.70, which would reduce the convertible debt by $700K - $1.4M.
Can you post Thorns comments I cant find them? Thanks
You know the real Penny Runner kick ass on Fridays and get all the attention over the wkend. This is setting up perfect for a great 2-5week runner.
Yes sir!!! Those 60, 70, 80 cents shares look very cheap.
Maybe, maybe not. I guess it doesn't matter if it runs 70%. And one thing is certain......I know as much about what happens tomorrow as you do. She might keep on cruising or maybe not. What do you want to happen? Bryan Conway was pure evil. The total dirt on the floor. I have my doubts about the new CEO's, but like I said, it doesn't matter. It's all about how much it runs. Somebody will make money here if they flip it right. Apparently you want it to go down. GL
Who cares about any manipulation. Just ride the wave and make money.
After the 8-K yesterday about the conversion of the Series X stock - who would be foolish enough to buy - the insiders are manipulating the price.
Invest is a bad word in the OTC world.
So is this a good stock to invest in ?
Where's the pump? I don't see any news out.
One other possible reason for the Series X conversion and this subsequent pump
I love green days!!
investors in NGEN have been continually LIBED to.
The selloff happened the day the LIBE R/S was announced on the FINRA Daily List. It dipped to .0002 (.40 post-split adjusted).
I moved funds and was ready to scoop up the .0003's (.60), but it bounced too fast and closed at .0006. I missed out on an easy double in one week.
Where is the infamous post RS sell off y’all are waiting for?
There's CDEL again with a crazy bid. 1.3900000000001. WTF is that
Let me read what he posted been busy all day but loving the green in my account.
I agree, I'll take the trade off of more conversions allowed at a higher pps with less overall dilution.
If a buyout did occur what would that mean for common share holders???
Funny, I thought under $10 / share is cheap, maybe even $20!
I like Thorn's comment about the acquisition possibility!
Makes sense why they would convert all their shares at once instead of doing it slowly over time!
Dont waste you typing figures everyone here is accumulating or holding. The noise is just that noise. This is mega runner any shares below 3bucks are cheap
Unless some good news pushed the share price higher and then it would take even less shares to wipe out the debt. We're all gambling here....not investing.
Would only work for a couple of days
News might drive sufficient volume to make a significant dent in the debt for a couple of days, but then the debt holders would have to increasingly sell into the bid, which would drive the price down and increase the number of shares needed to be sold for each dollar of debt reduction.
If 2M shares equal 1.4M debt reduction, then about 8.5M shares will wipe out convertible debt if my figures are correct. Not bad.
Setting up for buyout or big(ger) dilution conversions
Last night, LIBED's former CEO wrote a cryptic post that, IMO, implied that the reason for the Series X conversion was that NGEN/LIBED was going to be acquired.
While that is a possibility, considering his history as LIBE's CEO, it should be viewed skeptically.
One other possible reason for the Series X conversion and this subsequent pump is that the convertible debt holders can now convert many more shares per day than they could before the conversion.
When there were only 1.86M outstanding shares, they could only convert 93K shares/day without hiting Reg 144 limitations. With 35.7M outstanding shares, that limit rises to approximately 1.78M shares per day.
With some kind of news and the higher price, they might be able to dump 1M-2M shares over a period of a couple of days at a conversion price of say, $0.70, which would reduce the convertible debt by $700K - $1.4M.
Until the CEO comes out with an 8k detailing the companies agenda with share structure,business going forward and maybe some revenue this will continue to get manipulated up and down.
Did you read the 8-K yesterday? 3 insiders own 95% of the O/S - they are playing investors like a finely tuned piano.
"On January 14, 2020, Broken Circuit Technologies, Inc. (“Broken Circuit”) and Peter Zimeri, who together own 100% of the registrant’s (the “Company”) one million issued and outstanding shares of Series X preferred stock, delivered to the Company notices of conversion (together, the “Notices”) of all of their shares of Series X preferred stock. Broken Circuit, a company of which Edward Carter and Clifford Rhee are 49.5% and 49.4% owners, respectively, was the owner of 997,500 shares of Series X preferred stock, convertible into 33,770,389 shares of the Company’s common stock. Mr. Carter is the Company’s Chief Executive Officer and a member of the Company’s Board of Directors. Mr. Zimeri was the owner of 2,500 shares of Series X preferred stock, convertible into 84,638 shares of the Company’s common stock. On January 15, 2020, the Company issued an aggregate of 33,855,027 shares of the Company’s common stock (33,770,389 shares were issued to Broken Circuit and 84,638 shares were issued to Mr. Zimeri), which amount represents approximately 95% of the Company’s issued and outstanding shares."
Excellent time to buy. LMAO!
IG
Need to get a good news 8k after close today or tomorrow to sustain this small run through the weekend.
After the 8-K yesterday about the conversion of the Series X stock - who would be foolish enough to buy - the insiders are manipulating the price.
IG
I'll take the chance since you said it.
Look at the volume and L2 - the insiders are doing wash trades to manipulate the price to try and create volume so the toxic lenders can dump more shares.
Anyone falling for this pumping will lose their investment.
IG
What's that BS on L2 with CDEL at 1.89000000001
All those shares bought at under $1 are looking pretty good now!
Fell like a house of cards
Blew through that wall pretty fast.
This is why I said don't sell, wait for the huge news release, hopefully by end of month! Massive gains ahead.
There we go and still no news!! I hope they don't drop a massive 8k on us!!! Lol Everyone should've held through the split!! I'm gonna ride this out a bit instead if taking a PROFIT now......
WOW…..good bid support and thin on the ask. ANYTHING could happen here. GLTA
BID keeps moving up. Looks like post RS run up continuing. I'm ready to unload this finally.
Looking great today!!! We close above $1 today $4 incoming with news
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