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The most likely reasoning is that they put a large wall there thinking to keep it down and when APTY suddenly ran today, they weren't prepared for it. We may or may not see that wall again. It all depends on if that person (Or MM) wants out, wants more cheap shares or is stalling it for some reason or another.
On a positive note, we finally broke through and closed above the descending price channel we gout ourselves stuck in. We also have a great chart to start the path back upwards. Our average before our previous breakout was around .0025 whereas our average now is around .01. Thats a big difference and a great starting point for our ascent.
WHOA! $APTY IS MAKING MOVES!!!
Look at that price
NEW TWEET!!
“More invitations. Leaving for New York to attend the Synergy Global forum this weekend. Very excited! #CEOtalk”
More invitations. Leaving for New York to attend the Synergy Global forum this weekend. Very excited! #CEOtalk pic.twitter.com/ku42kkEwCT
— APT Systems Inc APTY (@APTYsys) October 24, 2017
Hey I don’t have private messaging. Send me a private message with your email and I’ll email you
I think I might make another suggestion. I play another game that has a ad that pops up after every level and I think APTY would make more money if they added more ads. It’s a simple ad where you just have to hit the “X” and it goes away. I don’t even know what some of them say lol. Another thing they can do is allow people to watch a 30 second ad to get a bonus on the level, like extra moves or something. My other game I play does that too and I use it.
NEW TWEET!!
We are looking at buying existing games as a way to fast track revenue. Downloads increasing for #ChickChickBoom #CEOtalk
We are looking at buying existing games as a way to fast track revenue. Downloads increasing for #ChickChickBoom #CEOtalk
— APT Systems Inc APTY (@APTYsys) October 23, 2017
That’s awesome! I really appreciate it too and I also appreciate that they listen and take the advice of its shareholders too
Absolutely! So many doors will open by them going. All they need is one large company to invest in them and this will literally fly immediately. I think they have plenty of potential so it’s absolutely possible for them to get backers and get them easily. Can you imagine if that happened??? Omg
NEW TWEET!!!
“If you can’t understand the investment, then you can’t value
it. If you can’t value it, you have no business investing in it.” $APTY
“If you can’t understand the investment, then you can’t value
— APT Systems Inc APTY (@APTYsys) October 21, 2017
it. If you can’t value it, you have no business
investing in it.” $APTY pic.twitter.com/ZJADTvgx0f
Seriously! They are amazing. They just need more exposure.
I agree. And the chart is primed for a very nice run. It's way oversold.
Level II looks interesting. People are moving things around now. Nice
That comment was literally perfectly timed for their new Tweet
NEW TWEET!!!
Received invite to the Enterprise Ethereum Alliance networking reception to be held in Cancun. Question is: Should I go? #CEOtalk
Received invite to the Enterprise Ethereum Alliance networking reception to be held in Cancun. Question is: Should I go? #CEOtalk pic.twitter.com/R2r0HVctjg
— APT Systems Inc APTY (@APTYsys) October 20, 2017
Looks like the wall at .0075 was removed. Hmmmm...
That's an excellent idea! The more exposure the better, that's for sure
This is a pretty interesting read for anyone curious about Market Makers and how they manipulate the market.
Market Maker Speaks Out: Ways of a Market Maker
http://shockertrades.blogspot.com/2011/05/market-maker-speaks-out-ways-of-market.html
Oh, I know. I've been here for awhile. People are just nervous is all. We need to break the 200mda and we'll be right back on track. It's not that far away either (.0079). Then the next resistance would be .01. Once we break those, we will have broken our strongest barriers. We're really not that far away, which is good
Because people are watching to see what it does. The buyback pushed it down and that freaked people out. It'll bounce back and people are waiting to see if this really is the bottom. I think it might be by looking at the chart? Literally everything is screaming oversold but hey, I've been wrong before. *shrug*
I honestly think, from what I’ve researched about buybacks, that it’s going to go back up. The buyback is temporarily holding it down but value will increase. Especially since there is SO much value in everything they are doing. They have a lot of things happening that are all positive.
Next Support is at .0055 with resistance being the 200mda. I think it really depends on what the buyback is doing. While a buyback does increase value it apparently does decrease it while the buyback is going since it’s done on the bid and not the ask. If you look at the 2 & 3 mda then tomorrow SHOULD be green.
It’s way undervalued and should run back to where it was soon. If I had feee cash I would be buying more over the next few days but that’s just me.
Quite the opposite actually. It seems it's only temporary and not fixed. It's just a rule that has to be followed.
Take a look: Investopedia: Share Repurchase
What is a 'Share Repurchase'
A share repurchase is a program by which a company buys back its own shares from the marketplace, usually because management thinks the shares are undervalued, reducing the number of outstanding shares. The company buys shares directly from the market or offers its shareholders the option of tendering their shares directly to the company at a fixed price.
BREAKING DOWN 'Share Repurchase'
Because a share repurchase reduces the number of shares outstanding, it increases earnings per share and elevates the market value of the remaining shares. After repurchase, the shares are canceled or held as treasury shares, so they are no longer held publicly and are not outstanding.
It seems repurchases are practically done on the bid So you were right. I apologize!
That could be a major reason why we are down and sliding along as oversold. I'm assuming once they file the form 4 it will be over.
This is what I found: Rule 10b-18
From the post:
Price: The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted.
Volume: The issuer can't purchase more than 25% of the average daily volume.
They literally JUST started to implement the buyback. There was an almost 1.5 million share buy well above the ask yesterday.
It’s also oversold. Technicals show a reversal is happening soon IMO.
The absolutely do listen and respond. They are great at doing that. As a matter of a fact they took my suggestion and have fully implemented it into the newest update! Not many companies listen to their shareholders and actually follow through with what they suggest.
I even took the liberty of providing the link to to contact them: http://www.aptsystemsinc.com/contact/
1) It is not stupid, it's actually pretty smart being one of the only ones on the pinks to do it.
2) Buyback increases shareholder value and they have revenue building for another acquisition.
3) "that's a big if and should not be relied on." is the same as saying AAPL would never dilute even though they have double float as the A/S.
4) "Indeed, almost all penny stocks do and this is no exception." Considering almost ALL penny stocks NEVER do a share buyback, that is literally NOTHING but an opinion with no factual backing.
5) Considering the consistent state of the shares was priced around $0.002 for quite awhile, I would say shareholder value is still WAY up.
Anything else?
You have your opinion. I have mine. And I believe it is NOT stupid. And saying that AAPL is world known means they can't dilute is ridiculous.
Doing a buy back reduces the float which reduces supply, therefore, should the demand stay constant then the price will increase. Just because the A/S is there and high doesn't mean they plan to use it. They have made NO indications that they would need to.
Supply and Demand. Bringing value to shareholders. It's simple really.
Apparently I need to reword what I wrote:
APTY is in the process of an acquisition already. But that's already public knowledge and they have spoken about it before. So using the funds for an acquisition that is already taking place ..... What?????
I have already given an example, by using AAPL, showing that an A/S being double the float doesn't mean they are going to dilute it into oblivion. They are a positive company, making positive business decisions, and keeping their promises.
Seriously though... The acquisition already exists. *facepalm*
Due diligence is awesome!!!
T-Trade well above the Ask and for the same price as the almost half a million bought above the Ask during trading hours earlier. I think it's safe to say that APTY is following through on their promises and the buy-back has commenced
Tomorrow should be interesting!
Whoa! Almost half a million buy above the ask. Interesting. Anyone else notice the small hits at the ask while the the actual amount hasn't changed? Also interesting.
Someone bought it all! I feel sorry for the person that tried to make a wall and then lost their shares. Lol
Does the form 4 come before or after they start buying???
Oops sorry. Got you and the other one mixed up. Sorry.
You are obviously $APTY
Here's an example: AAPL
Shares Authorized: 1,800,000,000
Shares Outstanding: 915,970,050
They have almost double the amount available to dilute if they want too.
I think my point has been made.
That makes no sense. A share buyback increases value. Period.
Possibly that was the original idea. But now they decided to do a share buyback. They may still cancel those shares. The fact remains that they just Tweeted, not even 5 minutes ago, that they have just commenced with the buyback and will be filing a form 4 soon.
A share buyback is still a share buyback. It still increases value and moves the PPS up. That's all that matters really. Just because it has a high A/S doesn't mean it has to utilize it.
And yet they are completing a share buyback by January. Good luck with that thought process.
I had a feeling we would bounce off the 200-day. I said this a few weeks ago.
I agree. That would be awesome.
Ah ok. In regards to both of your posts; I actually knew that lol. I was thinking there was something else I was missing.
I want to also point out that according to TD a recent semi-cup formation formed with around .01 as the bottom.
We need more publicity beyond Tweets, IMO, in order to bring more recognition here. There is SO much positive going on for a company trading at this level for it to keep going unnoticed like it is. I have full faith in the company, obviously, but I think we should be trading MUCH higher. Still holding APTY and have been for a long time. Over a year now. Management is really following through with promises and timelines. Not many penny stocks can claim that!