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Dilution machine rolls on...I thought they would lay off it for a while, but.. nope.
Total catastrophe. Endless dilution. Lather-Rinse-Repeat
I agree. They seem to just barely stay above the $0.01 level though (looking back over the price graph for 5 years). I guess so they can maintain the QB status.
Massive OS increase again! OS 801,346,920 9/17/2024
Restricted 359,757,921 9/17/2024
Unrestricted 441,588,999 9/17/2024
Was-
OS 652,253,230 shs 8/28/2024
Restricted 359,757,921 8/28/2024
Unrestricted 292,495,309 8/28/2024
Strait-up dilution! OTCN sits on the ask every damn day. Not shocked really, just pissed.
Crap-ola. Come on new guy, give us a PR!
They have been riding this thing almost every day for two weeks now. I was hoping they would lay off it for a few weeks to let it recover.
We need a good pump like we had back in April! I like Chinese food, but don't see the need to invest in it.
Everyone's cracking down on Chinese investment (as they should). And although Taiwan is not technically part of China, China claims it is, and this company even uses the "ROC" in it address in its last filing. I will be out of this garbage as soon as I can at break even or better.
I'm sure he's the same kind of turd the last guy was!
Need some news from the new guy!
Of course, they stay on the ask until the shares are sold. Most companies dilute at the end or beginning of the month. I have not looked at the debt structure of this company yet, but generally the debt holders get payment at the end or beginning of each month in some form (either cash or restricted shares), and the easiest way for the company to pay them is to sell shares into the market and use that money to pay the debt holders. Watch for OTCN on the ask to see when they are in a dilution phase. They will generally only show up on the ask (at the lowest ask price) for 7 to 14 days, depending on how much money is needed.
Looking at the price graph it shows when they start these dilution cycles, and when they end. It also shows (in general) the spikes that occur are not more than 1 month long, since they start diluting again and cut off the price surge. There are times when the buying outpaces the dilution rate, but this usually only happens when the company happens to put out news while diluting.
The share structure as of 9/7/24 is as follows. Watch the value of the OS (restricted and unrestricted) over the next couple of months.
Authorized Shares 2,000,000,000 9/04/2024
Outstanding Shares 757,833,009 9/04/2024
Restricted 186,533,030 9/04/2024
Unrestricted 571,299,979 9/04/2024
I see OTCN dropped off the ask (L2) yesterday. Dilution cycle done until the end of this month I think. They will start again after the 25th or so.
Yep, that was me. I even should have sold on that last spike when it touched 7. My biggest worry about this stock is the massive OS and potential for a RS from the new owners. I would rather take a small profit and go somewhere else with the money than get stuck in an RS where I am guaranteed to lose money.
I'm not sure how long they have to hold them, but if they want to make money off them, they would have to sell at the bid price, which would make the price stay or go down. Maybe they can sell the shares as a market limit order, but I am not sure about that.
This seems more like an institutional investor anticipating filings or news. Since it happened all at once first thing in the morning, they would have that order in after hours last night, so it gets executed at market open.
Whatever the cause, at least it is moving. I am still in the hole at the moment (averaged at 0.0004), so I need some more movement before I am happy.
1B volume! Awesome.
Keep nibbling on those 3's. Yum.
1's are pretty thin. May see 2's soon.
It is crazy volume! Lets see if people start buying 3s now. I have not seen any actual news from the company so far that would drive this.
Wooo! Big volume at open today!
Now your shares are worth $40.10 😁 But at least it is moving.
OTCN moved up to 0.0015. Movin' up in the world.
Massive OS increase! 652,253,230 shs 8/28/2024
Restricted 359,757,921 8/28/2024
Unrestricted 292,495,309 8/28/2024
Was-
OS 292,509,230 8/26/2024
Restricted 13,921 8/26/2024
Huge increase in restricted means the new guy got it as part of the leadership deal.
OTCN moved up to 0.0008, so they are letting it rise. But they dilute at the beginning of each month usually, so unless the new dude puts out a PR, it will probably come back down to 4 - 5
Holy crap! Big news! Well, that's some kind of news, maybe it will go somewhere now. Hopefully this new dude "Mr. Bianco" will actually put out PR's. We all know Canouse is still running things, but at least something is changing!
News would be great... Any day now...Geez..
Is Berman still alive? Not a peep from that dude in years!
And still no news! Awful company.
Looking forward to getting listed! Been sitting on this stock a long time.
I was just thinking the same thing! I started thinking about when OTC's started to change, and I think it was around the time when people were getting Covid relief funds they didn't know what to do with. There was that big spike in OTC's in Feb 2021, but since then, cryptos kept going up and up at the expense of OTC volatility.
Ive been looking for more OTC's to add to my watch list. If you know of any good ones with low OS let me know.
With big boards burning down, lets hope some of that money come back into OTC's
No. That was a fantasy that he could never sell to anyone because most modern cars had that built in already.
Bummer. Lets hope this is the last delay.
Same crap, different day...Still no news and late filing again.
"Loaded" or "Stuck"?
Hah! I'm old too. Maybe they are starting to dilute? That is a ton of shares. I can't imagine it is retail dumping that much in one shot.
What the hell? Huge dump at open today. Seeing 1s on the bid now.
Turds aren't worth much. Even at $0.0001 no-one wants it.
Maybe that will give them the kick in the ass they need to put out some news!
Give us all the link on how to do that.