Promotion tag is off on OTCm, might take a starter again
We need some buyers and some volume in this dud.
tweet was deleted. It noted that status indicating there was promo on ticker had been updated (removed). The meaning was unclear. It's why I posted it to board, but now tweet deleted. Maybe meant nothing.
That link doesn't open for me. What does it say?
If they're dumping millions of shares into Bid, with 20M more to go, this thing will be in trips within a month.
What caused the run up?
yes, it will. they have slowed down the dumping but are still unloading nonetheless. if they continued to dump at their previous rate, the pps would fall below the floor conversion rate of .005. so, they are just selling little by little. will take forever unless they can drop news to bring in buyers and significantly increase the volume enough to gobble up the remaining conversions. that could happen, but the company does not seem to be on the ball with any updates or news. in the meantime, i am waiting for the pps to come down, at least back to .01.
20M shares would take weeks to unload at this rate.
1.73M market cap. What's happening here.
because there are probably another 20 mil shares waiting to dump.
looks like an insider is still dumping or unloading shares that have become unrestricted. will wait for subpenny levels. it's coming. the person that is selling has no care for the pps. they have shares at .005, so they can convert or dump down to .01 and still make 100% profit. the bottom is probably somewhere between .005 and .01. when that happens, i may pick up 1 million shares for a run back to .02-.05.
You think pop back .03-.05?
Looks like wall still up
Looks like the dumping might be finished.
Now the company has to come out with real updates.
What happened to the APP they supposedly released?
They need to report real sales of their CBD items. Not sure they have sold any yet. It is a saturated market. What makes them any different from the others?
They show 60k sales last financial report with NO cost of goods cold. Tells me whatever they sold was not anything from their inventory.
yesterday was 9.5M volume and the day before that was 14M volume.
Today surely would be the last day of any dumping if he has not yet liquidated all 20M shares. We can't assume all volume was only his in the past 2 days.
what i find interesting about skyi is that they have not issued shares in over 2 years. very responsible management the control person in china that owns 52% of the os has not sold any shares. the only note they have is to a Mr. yu who loaned the company $99k. skyi could actually pop hard and back to .10+ if it holds the .02 area tomorrow.
Maybe see a pump to .06 - .08 on Friday or Monday. Usually these big retracements have a 3-day rule.
Massive gaps down are common for this stock. The question is whether increased volume of late changes the paradigm a bit.
Hate those 3 but then again I hate a lot of others...
Have to wait and see when the bad Market Makers disappear.
VERT, ASCM, PUMA
Yes - that's a good thing.
Stock has a history of high volatility
yes, after selling is over.
Let's hope so.
|Market Value1||Not Available|
|Shares Outstanding||110,022,572||a/o Apr 09, 2014|
|Authorized Shares||75,000,000||a/o Aug 31, 2013|
|Shareholders of Record||Not Available|
|Ex. Date||Record Date||Pay Date|
|Significant Failures to Deliver||No|
|West Coast Stock Transfer Inc.|