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Actually, A R/S is inevitable
Yup this was a purely technical play on my part. My only DD was coming here and looking around for,
"$$$$GRCV$$$$$ 2015 PENNY OF THE Y3@R TEN BAGGER FIVE BAGGER ALL BAGGER MULTI-$$$$'S ANY DAY"
Posters. Found you, you answered my primary concern. Chose to hang out.
L2 correct if we really hit the ask think it just might fall but it will take heavy hitting. Not really a lot of dollar amount at this level for the volume with heavy hitting. Sooner or later the seller will be out. A substantial pr would help. Long and strong. GRCV is the definition of an oversold chart due for a big upside.
http://stockcharts.com/h-sc/ui?s=GRCV&p=D&yr=0&mn=6&dy=0&id=p61079921469
Guess I should add NITE's 10k @ .0003
CSTI and VNDM w/10k asks at .0002.
Not going anywhere for awhile
Time to start hitting the ask hard these cheap pps won't be here forever. Don't get hypnotized to trip zero once the seller is out we see a big move up. JC is working on it and should have more pr's coming this week.
Another day, another buy order sitting in here. This time, let's see if I can snag some .0001's...if not? 5 mil is a-okay by me.
No Need for an RS here... Space ship is taking off soon!!!
We should be in the green tomorrow :)
Looks like a few more PR's are coming our way this week....$$$$$$$$$$
Correct. VNDM is not retail. This MM is selling stock for debt conversion. He is only showing 10M left before the close. That means the conversions are close to finished. If there were more, they would be hidden with 10K on L2.
Market Maker VNDM is NOT a retail seller.
Any idea what par value is for this stock? At what point do the debt converters and insiders stop selling for profit?
If this goes NO BID, well...the only option they have is a Reverse Split to get more buyers in here
BIG BOUNCE BOUNCE COMING $OON$$$$!!!!!
It is now clearly obvious that some end of the year selling caused the drop in PPS...which can mean only one thing...a big bounce bounce is coming soon !!
I wouldn't be surprised if we are trading at a .01 or higher within the next 2 months or maybe even sooner than that.
Great buying opportunity$$$$$$$$$$$$$$$$$
GO GRCV
ET is my favorite.
you're right--its actually worse than those 2
Scott has that per share increase after a certain level though.
For pennies Etrade and Scottrade probably the best no restrictions at ET for most pinks and OTC.
Think you are correct. We had that one day of 750M and that was it looking for a reversal soon.
Yeah I work via TD exclusively for OTCs atm. Do you have a better platform? Really only etrade and TD are doable in my eyes.
There was no huge dumping by the company today. Conversions seem to be finished. Only retail selling. Relatively low volume down day. Reversal coming soon.
Do you have TD? That's one I don't have and the news is missing there too.
GRCV looks bottomed out with the huge bid time to move back up.
TD really slacks on OTC news.
End of year tax selling. Got to love these cheapies. Happening all over OTC market.
And they won't - their news is only being release on OTCMarkets for whatever reason.
All of my brokerage accounts have no news about GRCV anywhere.
As you say, players take their chances. One of them is the chance to read posts about why GCRV is a preposterously bad company.
This is what I'm missing. The "main" news wire.
Sometimes, companies would rather that news only be seen by shareholders.
Or, of course, they could be planning to re-release it after the holidays.
Yeah, I see that HSCO filed their annual report and the registered agent and CFO died a month earlier
http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-p10000055199-4b3d49a2-0cf0-43aa-9a0c-0926e132a722&transactionId=p10000055199-772875ec-f79b-49a9-a719-ae7b461d7bf6&formatType=PDF
Willie White is another front for Zoyester. I think he's gonna be the manure spreader on BAN* once they give up on this one.
We can make up news and grab at straws all day long, but nothing will keep this from the huge reversal coming. This is GRCV, not HSCO, not BANI, nor any other stock.
It's hard to tell about King; since the OLIE-HSCO-CDFT disasters he's made an effort to stay in the background. And even before, he did his best to keep his name off company-related documents.
Last spring and early summer, he and his people were busy cold-calling dozens--perhaps even hundreds--of Pink CEOs, trying to convince them to sign on with the "anti-dilutive convertible preferred" program.
I haven't heard anything about it since, so perhaps he was in some way… encouraged to stop. But that wouldn't prevent Zoyes from stealing the idea. As you say, he isn't particularly bright.
Doesn't matter if FINRA approves - they don't give them even after approved(see ASK*) and lookie lookie somehow in all the pinkies in all of pinkyville Dumdum just happens to land on his 3rd Michael Zoyes ticker........If that don't scream scam nothing will.
I honestly don't believe King is involved with this at all, I could be wrong though.
That's what smart players do. But some always venture more than they should.
This story promises to have some amusing twists and turns, but my guess is that it will end very badly.
There is nothing wrong with your logic.
This IS the OTC market, gents. Nobody knows any more than someone else. That's why we play with a few thousand here and there instead of our entire portfolios.
Yes, I wouldn't be at all surprised to see a reverse split in the fairly near future. If they follow the King plan, they'll distribute the convertible preferred first. All of that would fit well with their announced intention to "uplist", which will never happen.
Of course first they'll need to get FINRA to agree to that dividend.
This is what I'm missing. The "main" news wire. Like I've said, I have zero trouble finding today's news....but then again I'm looking for it.
Where are you checking your news at?
Doesn't matter where it shows up. It IS company news. And it doesn't portend well. If GRCV follows King's original plan, once the convertible preferred is distributed, there'll be a very large reverse split…
To understand it better, you can read this:
http://www.pumpsanddumps.com/2013/12/the-oliephant-in-room.html
In the article, I concentrated on OLIE, but there's some rather limited discussion of HSCO. There was lots more dirt to be dug there, but I didn't have time to get into it. Both companies were at the time part of King's stable. OLIE still is, far as can be told.
King isn't involved here - its all Zoyes and the Sunrise gang. Trying to figure out which copy/paste Johnny is gonna release next......there are so many failures to choose from.
My guess is this one. Let's see if this is the one.
http://www.otcmarkets.com/stock/ASKE/news/Message-From-the-President?id=62026&b=y
I say 90% sure since they aren't know for their intelligence.
You are grabbing at straws. You are just rehashing old news from another stock to cause panick here. There were no such news on the wire here. This news does not even show up on the main news wire.
Has there been any suggestion that King is involved here? Or is Zoyes recycling this idiotic idea on his own?
GRCV NEWS! Preferred Stock Dividend
Right out of the Javan King playbook. An idea that didn't work out well for HSCO, a stock with which Zoyes is naturally very familiar.
Uh-oh:
Issuing anti-dilutive, restricted convertible preferred securities to those who own stock in the open market makes sense, because the dilution has impacted them the most.
The "anti-dilutive" nonsense is one of King's favorite claims. And it's untrue.
This action is designed to scare lots of traders out then watch what happens. Market makers have to cover and the price rebounds.
It always seems this way before a big reversal. The negativity in the air is thick now. It will change soon.
There's a reason these levels are a death knell, however. Flippers will continue to flip.
We need something big. I bought hoping for a return to half the bid on December 21st.
Yes please sell me 1s and 2s sell sell sell sky is falling
Going to no bid sell what you have now!!! Warning you again
TOLD YA SO warned all of you last week
If this happened after the New Year instead of before, this would have been in the .0020s at least.
Agree SD just holding down the fort here and add the ridiculous cheapies. GRCV was .0075 just before the selloff and no more huge volume the first day was the big one.
A lot of flippers did too. That is what is holding it down along with tax selling.
Eh, we all know news trumps all technical indicators.
Nobody could have predicted the sell off. Thankfully, I got in AFTER that.
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