Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
.001? Again... Based On What? Hope?
It can indeed go to 10x or more than that with a combination of Ironridge ceasing and good subscriber numbers. However, there is no proof of either of those at this time.
You Are Missing What We Are Missing
That is:
1) No one knows what the authorized shares are. It could be double what you say.
2) There have been no filings, so your math is guesswork, for now.
3) I nor anyone else has seen any decision regarding Ironridge.
If all that you said would happen to be true, then yes, the stock should be much, much higher. Over a penny as I have been saying if things come together. Unfortunately, we are all in the dark until there is official documentation released (or PR'd).
ALLM Seems To Be Diluting Itself
Whoever they are handing out shares to is selling to whoever will buy them. VFIN and BKRT have moved the ask to .25 or below.
This is why the company needs revenue on the books sooner than later. Otherwise, Dan and the team will be forced to pay people with money that doesn't exist (so it will turn into hundreds of thousands of shares out the door - perhaps millions)... meaning ALLM shareholders will get screwed.
If there is ever news of real revenue, this stock would skyrocket because of the low float. Unfortunately, those who are selling do not anticipate that ever happening.
What Was The South African Mystery Money Deadline?
The revised one that was extended from November because of "interest rates", etc.?
Based On What? Hope? It Will Take News.
It Is Actually Relatively Light Volume...
...compared to recent activity. It also seems that whoever is accumulating may be doing so "quietly" at the .0004 level, as most shares are being traded there. Aside from when VFIN or VNDM is on the ask, the selling feels like weak holders who want to take some off the table. Once this process is complete, we should get some movement in price...
Almost Halfway Through March - No Sign of Mystery Millions
Perhaps there will be another press release talking about the hopes and dreams of the company.
This, as opposed to the reporting of meaningful revenue which was first promised in November but was can-kicked to this month... and will either be can-kicked again or will just go unmentioned.
Aside From The Open, All Buys Have Been At The Ask
VNDM is either fine with selling their inventory at .0004 or they are suppressing the price by shorting here, which is very risky.
The buyer(s) think they know something and if short, VNDM & VFIN think they know something.
When this is done, this will either get diluted back to .0001 or explode to prices we have not seen in a long time. If VNDM/VFIN is short tens of millions of shares and the price breaks to the upside, the forced covering could take this in the direction of being a real penny stock again.
The way the price action is trending, I am guessing we will know sooner than later.
VNDM Returns - Ironridge Dumping Or Helping VFIN Short?
I have not seen Vandham Securities in a while. When Ironridge was dumping (and possibly shorting) long ago, they (VNDM) were controlling the shares and price.
So one has to wonder, with their return are they selling more for Ironridge - or are they trying to build a firewall for whoever is short and wants to keep this down?
Did You Expect Him To Say "No"?
Of course the lights are on, or else there would not be someone(s) accumulating the stock.
You Should Trade A Little More
The ask went out at .0005 with millions of shares on it.
Never go by what this site quotes.
Easy To Say Since It Is Now The Ask
VFIN remains in control until they are taken out.
If You Are Correct, This Can Potentially Explode
No One Knows
A buyer(s) looked to be accumulating shares and VFIN appears to be selling to him/them or shorting to try to kill any sort of price movement.
The stock remains at the mercy of VFIN. Either they will take this to .0002 in the near future or there will be some sort of news event that sends this off like a rocket ship.
Given the history of this stock and VFIN controlling it, down is the path of least resistance until something changes.
Another Day, Another ALLM "Press Release of Promise"
http://www.nasdaq.com/press-release/alliance-bioenergy-announced-today-its-cts-process-when-combined-with-harvest-technologys-copromax-20160308-00631
This company excels at telling the public how much money it will make one day, while kicking the can and putting shareholders at risk of dilution while they hope for revenue.
Until the company actually issues a PR talking about real revenue that has been generated, the stock price will suffer. The rest is all pie in the sky at this time.
Another Day, Another ALLM "Press Release of Promise"
VFIN Is In Control (Nothing Has Changed)
They will be in control until 1) their share supply runs out (if they are selling for Ironridge) or 2) buying pressure from positive news blows them out of the water.
While True, VFIN Is Still Dumping/Shorting
There were multiple rally attempts last week that were halted by VFIN. They may take this down to .0002/.0003 if the buyer(s) pause.
On the positive side, the buyer(s) can move this in a hurry because the Asks appear to be thin on the way up. Does anyone on this board know when to expect a court ruling? I would think sometime this month but that is just a guess on my part.
Thus Why It Is The Biggest Question
Biggest Question: Is VFIN Dumping Or Short?
VFIN Back In Control. Selling At Will.
Some here say they are short while another belief is that they are selling for Ironridge. Whatever the case, it appears the recent rally has halted, as VFIN's share supply is now outmatching the recent buying interest.
Well It Depends On Who You Are, Doesn't It?
Buyer Does Not Care About VFIN. Impressive.
I am sure we have not seen the last of them (VFIN), but whoever is buying does not care that VFIN is trying to pin the price. I must say that this is impressive action so far for VELA.
Today's Move Is Done. VFIN Is Back Selling.
It was fun while it lasted. Tune back in tomorrow.
I Did Mean OS, Not AS. Apologies.
I Do Not. Ironridge's Formula Is Fairly Complex.
Thus why we have no idea of the AS. Ironridge's formula is also part of the reason why they are in hot water right now, as I believe they tried to use that to shield some questionable trading tactics with the companies they "invested in".
The Question Is: Is VFIN A Seller Or Short?
I would think a seller because perhaps they are selling for Ironridge. However the problem to this theory is that a seller would want the most for their shares. Any trader with the mental acumen of a rat can see that there is now buying interest, so why would VFIN want to sell now rather than let the stock get bid up and sell for higher prices?
The other scenario is that VFIN is a short, which I do not find plausible. Tinkering with a share price this small could spell disaster if the position took off to the upside, so it does not make sense. If in the event VFIN is shorting for whatever reason, a strong buyer could blow this up and make them capitulate, resulting in much higher prices (which I have outlined before).
You can Google VFIN and naked shorting to find all sorts of interesting results of cases they have been involved in.
VFIN Is On The Ask. NITE Is Buying.
There Is No Pump In Progress
We all would have seen it by now. What is curious is the timing around the court hearing. I do not know what that means but it seems more than coincidence.
Do You Know Why VELA Stopped Going Up Yesterday?
Hint: It was VFIN.
Do you know who VFIN is and how they operate?
Actually I Have Been Dead On
I have always said that this stock is at the mercy of manipulative market makers such as VFIN. If they get off the ask, this stock can move. The stock is moving today because VFIN is not on the ask. I know this is complicated for some here but it is really quite simple.
Someone Is Accumulating VELA Today
This will stop if VFIN appears, but there looks to be a buy program in place by NITE. The asks have very little shares on them so whoever is buying is trying not to set the powder keg off.
Big Spender. You Will Meet VFIN Soon Enough.
You Bought 700 Shares At .0001?
And sold them at .0003?
I hope your commission was free.
VFIN Dumps (VELA Isn't Going Anywhere)
The volume over the past few days has certainly been notable, but yet nothing has changed in years. VFIN (and other diluters) seem to have unlimited shares and dump at will, thus suppressing any potential rally. I admit that the timing with the courts was very interesting, but it is the same story with this stock that has been going on for years.
Unless VFIN disappears, there is nothing to see here. We can all save the false excitement and move along.
Great Information. Thank You.
If CMMobile is growing AND Ironridge would owe VelaTel money (or have to buy back shares), that would be a perfect scenario for a monstrous move. I will keep my doubts so long as I see VFIN and other market diluters hanging around, but this definitely bears watching.
Buyback = Best-Possible Case Scenario. Won't Happen.
Unfortunately, buybacks require money. No one knows if VelaTel has any. We also do not know how many shares there are, so no value can be given to the company.
Couple that with incompetent management and I can not see that happening in any way, shape or form.
If it somehow did, this stock could actually make it back to pennies.
No way.
Legal Proceedings: Reason For The Buying?
I have spoken to the few contacts I have who are familiar with penny stocks as well as Ironridge Global (if you remember, they are the entity that caused the death spiral in the share price of VELA and many other companies).
Apparently there was or is a court hearing taking place this week involving some of those at Ironridge. Details are few, however I do find it noteworthy that all of this buying in VelaTel shares has been occurring leading up to this week, all the way through yesterday.
I am not saying that this is the reason for the buying, however it may be more than coincidence. With that being said, a favorable ruling against Ironridge could mean positive outcomes for some of the companies they fleeced (if they are still in existence).
If this recent, massive buying in VELA shares has to do with these legal proceedings, then someone out there believes VelaTel is alive and well and could potentially benefit immensely. Hundreds of millions of shares have exchanged hands over the past week, and if the stock were to go "off to the races", so to speak, a tremendous percentage move could take place for those who are long.
While I will remain negative for as long as I see dumping market makers such as VFIN suppressing the share price (and diluting the float), the recent volume does warrant further examination. If entities like VFIN were to ever "tap out" and go away, this stock could potentially explode to the upside. Unfortunately, VFIN and other diluters have been hanging around this stock for years, so expectations are microscopic at best.
It Still Means Nothing If VFIN Is Selling
Until this changes, it is called dilution. Cheerleading does not help anyone.
Like What? It's Flat. Diluted.