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well I'm sure you will be the only one selling in the .004's between now and the close today, so I am logging off because I could care less! Hope the "real" longs have a great holiday weekend and see you all next week.
the price was bought up to .0057 on 1,591,600 shares, obviously someone was buying a chunk today. Since then, over the last couple of hours, only 5K shares have traded and it was at a price of only .0048 which equates to a total value of $24, so with the commission there was no way to make a profit of more than about a buck or so. Thus, what idiot would sell 5K shares at a 20% discount from the prior trade? Answer = stupid kids!
lol, kids will be kids I guess, but the men will profit big time when our payday comes to fruition. Take your $40 if it makes you happy, but some of us expect $40 with a few more zeros on it!
I am giving it till the end of this year. I expect at least one update in December and based on what it says, and the price reaction, I will make my decision to hold or sell by EOY. Yes, I am done watching it right now and will check back next week, have a great holiday weekend!
the kiddies are still playing with it and killing any rally attempt each day.
Based on what they said in the PR last week, "This product is being made available to the retail customers through bars, night clubs, hotel resorts and golf courses throughout the Las Vegas area throughout the end of this year." and Timothy Moseley proudly states "Mo and I have major plans for EQ in the month to come, we've been working diligently on our new partnership to bring my resources and venue for the introduction of LastShot cranberry flavor Cold Beverage to North American market. I am excited to be hands on project like this", I would expect to see follow-up news in December regarding the progression from these statements. The partnerships are in place, product appears to be available, and they say they will be selling through the end of this year thus now people want to see facts and results and the floodgates will open with new investors and then we will fly past a penny!
Nice, I am just amazed that this and the news last week has not brought new buying interest into this stock. Guess it will take more details and more factual data to launch this higher and we will just have to wait until that happens.
Someone is still selling into strength,it was moving up this morning with the bid/ask sitting at .0046/.0049 until the seller took it down to .0042 in a quick second. Will be nice to get the seller(s) out of the way to allow this to move in the right direction.
Agree.
I agree, the rally off the news never had much of a chance due to 1) the PR coming out mid-day, and 2) the fact that it appears that Empty Bones, holding a significantly large position, sold into the rally to take profit (although it killed the rally and scared others from buying when they saw it falling, I can never fault anyone for taking profits). Now that it bottomed out last Thursday and held support around the 50 DMA, lets hope it now does what it did last time and slowly advances again in anticipation of further developments from the company and their partnerships take shape and start producing revenues.
I guess someone got "ticked off" and sold to you them when this didn't run more on the PR. Good to know those shares are in stronger hands now!
You too GM. Just gotta keep the faith and endure these crazy swings!
Yep,until then its better not watching.
lol, someone decided to sell about 200K shares a minute before the close, weekend beer money I guess.
Think we might even get a follow-up update from the September PR regarding the LiveWell partnership? In September, Mo released 2 separate PR's I believe on the same day, or in consecutive days and it would be nice to hear an update on that partnership as well.
all we lost the last couple of days are the short term flippers who moved on. Now we can focus on getting back to business!
Why are you so worried about Bones, what is there to say anyway? Many are disappointed in the price reaction to the news and now its back to the wait-for-the-next-news and who knows when that might be, but it needs to back up what they said in the latest PR with much more detail and facts regarding distribution and sales. Have they started, if not, when are they starting, when will the Timbaland marketing campaign start, etc. Everything seems to be moving in the right direction, many just don't have the patience to hold and wait and instead try to swing trade the PR releases which totally screwed up any chance of a sustained pop this week. Maybe DRMO will deliver us all a nice juicy XMAS gift, sure hope so.
Kodiak, those that bought in much lower don't have to become emotional or worried because they are well into the green and can afford to sit back and wait for as long as it takes. Those like me and you who got in higher and have a cost average around the existing price have seen our paper profits from recent gains evaporate and now we are at risk of going red. People manage their investments in their own ways, but most don't like looking at red and typically sell to either attempt to buy back lower down the road, or they move on. I have huge respect for GM, Bones and Neighbor as they seem to have been around the longest, but they also bought this at much, much lower prices. Seeing that they have millions of shares in their pockets, in order to ever sell and profit, they will need volume to do so without have a dramatic effect on the share price, thus they have no choice but to sit back and wait anyway regardless. Some of the board is attacking posts I make, they are not regular posters, but I guess they only want to hear positive hype only and not have us post a real honest perspective from our viewpoints, so get ready to take a few spears!
be careful, I said exactly the same and got attacked by the infidels!
lol, I guess it's a matter of how you define bipolar. Everything I have posted is only my opinion, I liked the news, I broke it down as to how I interpreted it, and I am now expecting facts (i.e. numbers and PR's) in the near future to back-up what they promised both in September and yesterday, so if you have a problem with that, then that's your problem! Also, I and others have bought this stock around the existing price over the past 2 months or so and were not lucky enough to have bought this much lower prior to that as many of the longer-term people were fortunate enough to have done so. Thus, those that bought at .0006-.0010 months ago can just sit back and relax because they are green and have no risk of going red. Those like myself who bought in higher do not like seeing their investment go red, I only tolerate it to a point before cutting losses to protect my investment as many others probably do the same. So I guess its just a matter of each others position and how they manage their investment. I personally have not sold a share, but if this drops below technical support, my decision may change.
Well I will stick with my other comment then, in order to sustain and advance the stock price, they now have to back up with numbers and PR's their progress on their rollout on both fronts. They announced product rollout is occurring with LiveWell back in September, and yesterday they announce product rollout of Last Shot throughout the remainder of this year, so any proof of that occurring should be the thing to attract buying interest, news of the partnerships themselves have already been bought and apparently is not enough in itself to sustain the share price in the shorter term.
What is hard to understand is why is the price falling and now it looks like its about to break technical support? Hard to believe that anyone would sell now at these prices, something else besides retail selling is causing this drop in my opinion.
I will repeat what I said earlier. For some reason hardly anyone bought yesterdays news, guess it didn't garner enough attention to bring in new buyers, but I detailed out the specifics that were brought to my attention in a post last night, so based on that I am will to hold and wait as nothing has changed fundamentally and I guess we will just have to wait for more news and more details to get new buyers into this stock. Seeing that they stated in September than product would be selling thru their new partnership with Live Well Water, and yesterday they said Last Shot rolling out throughout the remainder of this year, I would expect to see a large jump in revenues 3 months from now when they put our their December quarterly report. I'm a numbers guy by profession and I want to see numbers back up their words!
How does a stock get "kept down"? If there were buyers jumping in to buy the news, then they would have to give them shares and volume would increase correct? For some reason, hardly anyone is buying the news yet, so I guess we will just have to wait for more news and more details to get new buyers into this stock. Seeing that they stated in September than product would be selling with Live Well Water, and yesterday they said Last Shot rolling out throughout the remainder of this year, I would expect to see a large jump in revenues 3 months from now when they put our their December quarterly report. I'm a numbers guy by profession and I want to see numbers back up their words!
Wonder whats going on with the partnership with LiveWell Water? They announced back in September that they would be rolling out product also, I would expect to start seeing a huge ramp up in revenues by the end of this quarter between both products that have launched. Maybe we will get an update on progress soon?
Mo said in his PR yesterday that product is rolling out at various places throughout the end of this year, thus I would expect to see regular updates as to developments to this statement.
Maybe we should advertise a 50% off sale seeing that we should be at .01 today at a minimum.
I'm done watching this intra-day, the price action makes no sense. Ring a bell and wake me up once it starts trading over .01 please!
Funny thing just happened, as I was finishing my previous post and getting ready to shut off the computer for the night and go to bed, my wife was watching a show on Bravo channel and they just had a commercial to tune in at 11:00 tonight for an interview with Timbaland, this guy is huge! As soon as he starts advertising Last Shot and the word gets out, just imagine how many new buyers will come flocking to this stock, it's actually mind blowing thinking of the potential. We know the PR today is 100% legit because it even quotes Timbaland himself. So all of those people who sold, or may plan to sell should really take another look at their decision because as many have said, what other OTC stock out there has this much potential and reward on investment at a current price below a penny with a low float as opposed to others?
Well I just kept dwelling over why the price reacted the way it did today, so I went back over the PR and their quarterly report. Although many of these penny companies put out PR's that never come to fruition, I don't believe that is the case with EQLB. From reading others posts and reviewing the history of this company and its CEO, it appears that he has been a very creditable person and has finally come to the point to have a huge opportunity to breakout and produce millions in revenues with the new partnerships he made this past year. The price action is still strange, not sure if it was daytraders jumping ship today, or selling of restricted shares into the increased trading volume after the PR was released which killed the attempted rally, but it did die off very quickly after the PR came out. Hopefully a month or so from now, it will be a distant memory anyway and we will be well into pennyland.
In reviewing today's PR, here are the key points:
1) Mr. Mosley will be the principal spokesman for our lead product "Last Shot". This will include his support through social media, national commercials, advertising and endorsement of our product.
- National commercials is huge, wonder when they will start, I imagine it will be very soon after reading #2.
2) This product is being made available to the retail customers through bars, night clubs, hotel resorts and golf courses throughout the Las Vegas area throughout the end of this year.
- thus distribution and product must already be in place seeing that we are near the end of the year already.
3) Revenue from those venues alone could potential exceed $6 million.
- I assume his projection is annual revenue? He did not specify, but it's got great potential.
4) Timothy Moseley proudly states "Mo and I have major plans for EQ in the month to come, we've been working diligently on our new partnership to bring my resources and venue for the introduction of LastShot cranberry flavor Cold Beverage to North American market.
- Stating that they have major plans over the next month, I would expect to be seeing more regular PR's with more details of these plans in the near future.
I still say it was very strange to see the price sell off shortly after today's news, but it did bounce off of support at .0045 and thus with all of this potential expected to unfold in the very near future, I would expect to see a nice sustained rebound in the price with new highs coming before the end of this year. Anyone buying these bargain priced shares now should be handsomely rewarded in the not so distant future!
In reviewing their lastest quarterly report released today, it also states under "Cash Flows From Financing Activities" stock sold for cash in 2015 = $129,980 thus does this indicate that maybe the float has been increasing because they have been selling stock to raise cash to pay bills, build inventory, etc? I'm only asking the question due to the fact that I still feel the trading pattern has been real strange recently. I realize the float is low compared to most other companies in this situation, I just like to know what is going on behind the scenes as much as possible to protect my investment.
I am managing my $15K investment my way, you can manage yours any way you wish.
lol, what are they in the U.S.? As the other poster said earlier, hopefully we will find out in the next PR. We will need more details like that in order to make a sustained move upward from here, people seem to want more details and I guess they will give them to us when they are ready.
well what you say makes perfect sense, just would like to get confirmation from them on it very soon. As far as loading up, I already have (in 3 increments) and am maxed out on what I will put into this stock, so now I'm in hold-and-wait mode and currently up only a few ticks on it based on todays close.
So if I interpret this right, each day where we experienced higher volume (i.e. today from the PR and the last 2 days when DRMO posted updates), shares came off of restricted, the float increased, and the stock failed to rally when it should have. If this is the case, then it sounds like a calculated plan of some sort, or am I ready into this wrong?
I agree with you Lexey assuming they have something valuable to say in a PR. Once sales starts and they start advertising, I will expect to see more PR's. I wonder if they have enough inventory right now to initiate sales, or if they still have to produce it? Do they already have contracts in place for distribution, or is that something still to be done? Guess we will find out more over the coming weeks/months.
looks like a good bounce off of the .0045 support line, maybe we can gain back some ground now that the weak hands bailed?
anyone selling now would have to be selling at a loss or around break even unless they bought in before the September news which I doubt. I am assuming that the majority of today's selling is the short term flippers getting out and moving on to their next play because they don't want to hold for another couple months or so in-between PR's and would instead buy back later if they so choose. Thus, it will probably hold the .0045 support (cross our fingers) as we will go back to the regular daily pattern of the dedicated longs holding, accumulating on dips, and waiting for the next update. Very disappointing action today in the short term (I am back to break even), so until more details are provided, it-is-what-it-is I guess.