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LoL, some people.
Ace, they probably just missed the cutoff time to get it filed. It's not like a PR where you can do it at anytime of the day.
Yes, any and all information relevant to this company both good and bad is warranted for sharing here. That way we can all be as informed as possible to either agree or discredit your findings. Thanks in advance.
LOL, does it? Really? Trading sideways with more buys on the ask than sells on the bid and you say that. Pure genius....
MINE has paid its Asher debt off so it can be done.
Well, at least that isn't the company dumping here. No problem with people making money. Of course the major dumping has been at the levels where they were purchased.
Proof of dumping by the company would be appreciated. Do you have any or are you just saying that any large selling or drop of share price is proof that the company is selling?
Yep, that says something too. It's almost like they knew it was coming. Almost like they are trading with themselves. This crazy large selling and large buying confuses people and confusion leads to selling and there they wait to get filled.
The only one throwing theories around without evidence is you. You are trying to prove dilution using 10k share bid hits and frankly, that theory is ridiculous. You are no longer important enough to respond too. Ignored...
Whoa, didn't expect to get attacked for my opinion. That speaks volumes to me about your intentions here. You my friend have no clue about what you are talking about. Even scam companies don't kill their goose before it lays the egg. If someone is short here at let's say .0008 because it ran up from lows of .0002 and they are trying to cover at .0006 or less it is no different than shorting at .008 because it ran from .002 while they try to cover at .006 or lower. Simple math. Maybe you need a calculator. Take care shorty.
Well, let me ask you this reasonable question. Is it reasonable to believe that a company wanting to make as much money selling shares as possible would do so by inducing selling with 10k share bid hits? If your answer is yes, please explain. I for one can't think of any reason they would do that to themselves. It is much more reasonable for it to be shorting. They don't want to short down here, obviously as that would be stupid but they are already in too deep to stop unless buying pressure forces them to. They have to contain it somehow.
Agreed. Really can be the only explanation for the crazy 10k bid hits. If anyone would like to enlighten me as to another reason, that makes sense, as to why for the last two weeks we've had all the 10k hits, I would love to hear it? FYI, the lack of any plausible reason, other than shorting, must make everyone at least consider the probability of this scenario.
Well, in regards to the non-news pr yesterday, it can be viewed in many different ways. I for one view it as a pre-response to all the emails both angry and concerned as to inform all that all inqueries will be answered on Thursday as well as an update on current projects with respect to the geologist. I think the only reason they pr'd yesterday was to try and help investors to stay calm. Having said that, they don't know people will read into it. They can't be to blame if the market responds in a negative manner. Now, there is obvious manipulation going on here. If people can't see that on L2 or the tape with 10k share bid hits, then nothing will convince them. For a non believer who is unhappy with their initial purchase, the important thing to remember is the fact that all stocks move, they just need two things. One, they need interest in the form of volume which we have. And two, they need a story that is interesting enough for speculation which we have. So you see, real or not, you will make money. For us believers, if correct, we make a lot more money by selling at much higher prices as we aren't interested in break even points or small gains. Leaving you with one last note, happy or not, negative posts regarding your position only hurts yourself and in no way will that help you gain. GLTU
Pberger, if you are that angry with the share price, which is outside of the hands of the company, why don't you just sell and get it over with? If the price was skyrocketing, would you still be saying the same things about the company? Your anger is warranted as no one likes the price down here, well most people anyways. However, your anger is directed at the wrong people. I told you before, your .0016s are fine even if you choose not to average down so sit back and relax and stop following the minute to minute trading. Down here, it will drive you nuts, as anyone here can plainly see.
It also interesting to see CSTI stay on 8 when bid and ask moved down. They don't want to sell below 8, at least not to themselves.
CSTI moving major bid from 6 to 7 speaks volumes this morning.
Agreed. Substance is what is important here and the fact that they purchased their latest project at 4x the current market cap. I would say we should go up nicely. Especially since that only encompasses the one project. GLTU
The only way to combat this manipulation is to accumulate shares first. Then, strategically buy on the ask as a group. All willing to participate in the near future for an all out assault on the ask, PM me. If we can get 50-100million shares bought up in 20 minutes, I believe this will show whom ever is running the games that we aren't going to be pushed around. Let me know who wants in.
Exactly, people need to learn how to relax and make money. On every play, I plan on being in the red to a certain degree especially while I am accumulating within a specific range just like the one were are in. This has major run written all over it. Anyone who knows what they are doing can see that so there is no reason for those people to lose it over intraday trading. People, Take notes on what happens here so next time, you won't make the same mistakes and freak out when there is the slightest movement downward. Anyone having a different opinion, I believe them to be incorrect. Mark this post....Let it ride....
I don't think that will happen. Vert was being used before when that occurred.
Amazing isn't the word for it. Stupid is closer.
Most of it is just flippers IMO. People that picked up 5s and 6s. They will be dealt with in time. If a run started, maybe 10-15 million would actually be sold there, the rest would push back to 9 to maximize profit. So we are talking about $8k or so before they start moving off the 8s
Your question needs to be rephrased. "when will we see 9's?" Now that makes a little more sense. Lol. answe:, don't know but soon.
Stay cool people. There are shorts here but they don't want to short anymore than they have to at this point so you are both right. Only major shorting going on is just trying to prevent a run so they can cover. We are on the same side here fellas.
You are the most impatient trader I have ever come across. Just sell and leave. Why stay if you're not going to take advice from people that understand this game?
Yeah, not very smart if they want the price to go up. However, this is just people who bought .0005s and .0006s flipping for a profit. We have to deal with this small problem before we move up. It is expected since the can make 33-40% profit from those flips. However, in the great genius minds, they don't understand that they could do a lot better than $200 for every million bought at the lowest level. I guess they need Christmas money. To top it off, CSTI keeps jumping the ask to try and keep it down as they are extremely short here.
Well' the good news is VERT is completely off the box. That bad news is it is a slow day due to the holiday tomorrow and Friday is a half day. I wouldn't expect much to happen this week so if accumulation is on your docket, you can do it pretty quietly today. Have a Happy Thanksgiving everyone.
I firmly believe we will. In fact, I don't think he really has a choice but to address shareholders' questions and concerns regarding the odd trading.
TS, to piggyback your comment, the hour, two hour and daily charts all look good as well. I think we start back up from here and soon after that, we breakout. IMO.
Again, anyone thinking that the company would paint their own ticker red is just crazy. This is manipulation people. Learn to love it. Why, because it gives you sooooo many opportunities to buy where you shouldn't be allowed to. GLTA invested.
Sorry, I couldn't hear a word you said over that picture. What, it's a nice tiger tattoo.
I agree. People are going to pleasantly surprised they held through the manipulation. In many cases, glad they bought during the manipulation. This is the always the way these things go. That's while you always hear people talking about how they sold a stock and then it took off. That's because most try to wait it out but never reach the finish line and so they sell not knowing that the line was right there. It takes off and they feel like $hit.
LOL, yeah, real subtle with their manipulation. If people can't see that by now, I just am at a loss for words.
Vert moved back
Ace65, if there is dilution, where are the T-trades?
Let's not forget all the other facts here. One, OTCmarket update shows no dilution as the float has remained the same. And two, there is a lack of T-trades. If Vert was diluting, we would have had T-trades the last few trading days.
To round off my previous statements here, if the holders of these preferred shares were willing to make this deal happen, they would need to know it was in their best interests. As stated before, since their conversion rate is 50%, they valuation of their shares would be 8million dollars. They are currently receiving $240,000 annual dividend with those preferred shares. It would take 8 years of holding these preferred shares to break even on what is owed them today. Having said that, in order for it to make sense for them, the selling of common shares would have to be introduced into the calculation. Knowing that they would hold so many common shares at a full conversion, this means they had confidence either based on what the company had told them and backing it up with proof, or they are extreme risk takers. I have never known someone who loans money to be extreme risk takers so that means more than likely, they know something others don't which would prompt them to accept a restructuring of debt. This is key in understanding what GNCP did with this long term debt.
Well, their preferred shares are valued at $1 per share with a .06 dividend. They can convert those preferred shares to common shares at 50% of, if I remember correctly the average of the lowest 10 trading days preceding the conversion. But, why do that if they can keep their shares and receive a .06 dividend that no one holding common shares gets. So, you can't really figure common share price based on their preferred shares. So as of right now, they would be receiving about $240,000 per year to hold their preferred shares and not convert. This is what was so positive about how they restructured the debt. It saves common shares and dilutive effects of current shareholders. They can't convert for a year anyways so nothing to worry about there. Plus, as long as they were receiving 6 cent dividends, they will more than likely not convert at that point either unless the stock price is so high that it benefits them greatly. Meaning that there is less volatility here so they would be able to sell out their full position without dropping the price so drastically to hurt themselves. Imagine trying to sell 8 million dollars worth of this stock today. That just couldn't happen.
That's because there was nothing to change. So as of the 18th when there was a change, it was 625 million. Same with the AS. As of the 31st of October, it was 10 billion. Since that hasn't changed either, everything remains the way it is.
In all fairness 007. Doesn't it look suspicious at all that they always take large dumps at the bid? For clarity, when I say they or them, I am not referring to the company.