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Just broke the downtrend now they will try to shake on the way up.
Right? It works for them everytime. Now we get to see a run and a lot of chasing as retail realize the huge mistake they made selling and they rebuy.
Here comes the covering.
Just a hair above oversold. Should get interesting real soon considering the news posted is game changing for this company.
Probably the shares that still need to cover. Easy for them to cover on weak hands.
Volatility is going to get insane going up in the next couple of weeks.
Waiting for the short volume to cover. Millions of shares needed for them.
https://www.otcshortreport.com/company/SNPW
Down days on low volume, up days on high volume. Accumulation occuring someone wants a lot of shares.
Dumbest thing I have ever heard. Next you are going to tell us short squeezes do not exist and is a myth but unicorns do exist.
Short volume is a huge tool lots of investors use to determine price movements. Just like short sellers look for stocks with little to no short volume so they can short them.
Daily short volume is the number of shares that were sold short today. Clearly we all know that but paired with how thin the ask is to .003 this thing is set to fly as those shares have to be bought back and returned. Someone is in deep last time this happened it went from. 0014 to .0033. Have a good night longs!
82.4% short volume today. 35.8 million shares sold short today that have to be bought back. Lmao this thing is going to fly tomorrow.
This clowns are the bears who cannot cover at the bid.
Covering started! Here we go!
Huge Bear trap!
Only ones who seem to be selling at the bid is short sellers. Then they hit bottom and have bids in to cover and no one is selling to them. Shorts trying to cover on shorts. Added more here. Looking bullish. Bears are trapped on the millions of shares they dumped and will have to buy back on the ask.
Someone is refilling at .002 buying millions of shares
Profit taking seems to be over. 3rd day plus huge short volume and asks are thin. Setting up for a possible short squeeze.
Inverse head and shoulders on Macd signaling a strong uptrend to come. This thing has been held down for too long it's coming back with a vengeance.
Bids are stacking up and moving higher. Push coming in the next hour. Ready to continue its climb.
A lot of short positions need to close I assume according to otcshortreport. Massive squeeze could happen at any moment.
Whoever shorted at .0003 potentially has to buy back at .0004 resulting in a 33 percent loss. Ouch.
Brkk Buying Back Shares Today?
Seems like a lot of shares got eaten up super quick. Could be Daniel with the buyback. Who knows.
Only $11.60 traded at .0002 Lmao
Only 58,000 shares traded at .0002. Clearly a short seller trying to cause panic and disarray. However the buying is continuing on the ask and the ask is thining out. This short is stuck it seems and he does not know what to do so he keeps hitting it with tiny amounts. Seriously thought
Check otcshortreport or shortvolume if you do not believe me. Yesterday was over 35 million shares sold short, 97.9% of the volume yesterday, no one else was selling. Probably the same guy today. Lots of risk at these levels so whoever is doing it is playing Russian roulette with 6 in the chamber.
Ask is getting thin at .0003
These shorts are deep would be a perfect time for the company to buy back the float for them to get screwed.
Could be share buyback happening
These large transactions on the ask could be the company buying back shares.
Straight from the filings.
"We may have to seek alternative financing to implement our business plan."
Easy enough to buy back all the shares they want then state in a news release they could not sell the shares, non-dilutive financing is them just paying interest on the note and they typically have to put a percentage down to do so. Well they have 1.2 million dollars they could put down to get non dilutive financing.
They could come out one day and say they bought back x amount of shares at a average price of y and returned them to the treasury to be dispersed along with the 9 Billion shares they could not sell. Also they could state they were able to get non-dilutive financing to go forward with our company plan which they already have the funds to do so if needed.
It is ingenious as it ensures they are able to spend the 1.2 million buying back shares under .0004. So I will continue to add more.
Just do not be surprised when millions of shares are continually bought at these levels for days on end. Super easy to fix a float issue buying back shares at this price. Could be fixed in a couple of weeks. And when that news is released the gains could be massive.
settlement time frame is 4-6 weeks.
Do not kid yourself they already have that money.
They could get non dilutive financing instead of selling the shares. Am I the only one who actually reads their filings? They state in the filing that they are also pursing other financing options as well. All they have to do the get non dilutive financing is put a percentage of what they are looking to borrow down on the note and then they do not need to sell the shares they can return them to the treasury.
They have that money available as an option. They have the shares set aside in case they need to sell those to raise the money to survive. This actually ensures the price stays around that .0004 or lower so they can buy that many more shares faster and remove that much more of the float. Then after it is all said and done they could report they bought back x amount of the float and locked in non-dilutive financing and return the shares they bought and the 9 billion and the stock price problem they have been having for years is fixed.
However they can easily put half the lawsuit money down to get funding without selling shares while they use the other half of the 2.4 million from the lawsuit to buy back shares right now at these levels. It is ingenious and if and when it happens this stock will sky rocket.
Share BuyBack
If they do buy back shares at these levels the gains will be massive.
That makes zero sense as Daniel would gladly welcome a lower price while the company buys back the shares. They do not have to sell shares either. They have them as a option to raise the money but they have also stated they are looking at non dilutive options for the stock as well.
Think about it they won a lawsuit and currently trade at .0004. They use the 1.2 million the should have had for a while now and buy back shares then lock in financing without selling shares then return the shares to the treasury like they have before that should not be a surprise.
If they are sucessful at other financing options and buy back the shares then this could easily go to pennies if not higher. Do the math, 1.2 million at .0004 is 3 billion shares they could buy. Then if they are successful locking in non-dilutive financing they effectively shrank the float tremendously and return the shares since they would not need them if they are able to obtain non-dilutive financing.
1.2 Million dollars for Buyback.
Its funny see people freak out at these levels. We know the settlement earlier this year puts 1.2 million dollars aside for buyback. settlement money takes 4-6 weeks to get so they must have that money.
At these levels they could buy back tons of the float, return the shares to the treasury and then when the price corrects they could sell shares higher. Simple and easy. Shoot they may have already bought back 100's of millions of shares and are possibly in the process of disclosing this information soon.
They have 30 days they could buy back shares before they have to report it. I would hate to be on the short side of this bad boy as your life could be ruined over night here.
This is going to fly when all this short volume goes to cover. Do not be surprised if all the shares disappear at once and this doubles in one day.
Short Volume can make any stock look bad.
The thing is one guy shorted over 35 million shares yesterday at .0003. Now if the shares on the ask start to disappear he has to buy back at .0004 which that alone would be a 33 percent loss on his part. However if someone manages to buy all the shares at .0004 and it goes to .0005 then look out he would have to cover at a 66 percent loss. Seems he is the only one selling.
I have seen many shorts do this it is just like when someone buys at the top of a stock right before a fall. A rally for brkk is coming and until it does I will continue to accumulate shares.
97.9% Short Volume Today. Short squeeze coming?
35.81 Million shares traded today and 35.08 Million of that was short volume. So they sold at .0003 and will have to buy back at .0004 for a 33 percent loss if those shares get bought at .0004. The entire block sold today was not Daniel which you all claim on here all day long. Someone shorted at .0003 and have to buy those shares back. Float is tightening up and Buyback imminent I would hate to be that guy having to cover the only volume today as no one else is selling.
What we witnessed today was the price holding solid. I personally plan to buy more. short squeeze anyone?
Check below, search brkk
https://shortvolume.com
You claim it cannot be shorted? Lmao
Lets ask Investopedia who states
"Can Investors Short Sell OTC Stocks?"
"Although short selling is allowed on securities traded over-the-counter, it is not without its share of potential problems. Short selling on the OTC market is extremely risky because these stocks are often very thinly traded, which makes them very illiquid."
OTC Short Report from yesterday
https://www.otcshortreport.com/company/BRKK
25,349,151 short volume yesterday which was a total of 40.02 % of the traded volume. Also states BRKK is the 5th most shorted OTC stock out there right now.
So lets see, some random guy named Robbinhood101 on a forum claims it cannot be shorted without any evidence to support his one sided thesis, Robbinhood101 nice try.
This makes sense why so many doom seekers are on here proclaiming the end of the world for this stock as if the float tightens up on them and the price starts to rise they are screwed as they have to buy back to cover their open positions.
Its comical to see these short sellers pump this stock when the truth of the matter is if this drops to .0001 the company can buy back 9 billion shares for 900,000 dollars. They are getting 1.2 million for share buyback.
Not to mention they stated that they are trying other non dilutive options instead of selling the shares if they become available and what financing company would not fund a company who just won a massive patent lawsuit and 2.4 million dollars for the product that they are asking to get financing for. They could come out one day and state they did not need to sell the shares and mention at that time that they happen to buy back shares already with the lawsuit money which should be coming in very soon if they have not recieved it already.
Truth is another 40 percent of the volume yesterday was daily short interest and the price held. It is no secret that BRKK has been overshorted. No wonder they are on here trash talking on a daily basis as the millions and millions of shares that are short have to buy back and shorting a stock that is not moving in price is bad for the short sellers. check otc short report. Brkk is still the 5th over shorted stock on the otc market.
The perfect storm setting up for the perfect short squeeze, I will keep buying thanks.
5th over shorted OTC Stock currently. I follow short volume on a lot of stocks as it is good to know when they have shorted to a bottom and you can buy in and hold and help apply pressure on the short sellers causing a positive price action.
Everyone keeps claiming Daniel put shares up for sale last week without any grounds for proof or evidence. Well to be honest we have no idea if this is truly happening, however i suspect a different outcome with evidence to support my thesis.
Go to otcshortreport (daily short volume not interest) and search BRKK clearly someone has hit this stock hard and is clearly stuck as the price action continues to rise on them. So in the last 3 days a huge position shorted the stock to bring it down. pairing the information on otcshortreport and the chart on the stock you can clearly see the pressure bringing the stock down is daily short volume and not Daniel.
Others have stated Daniel is a failure and has never done anything good for this company. Well if that was the case wouldn't he have lost the trial in court? No he won and has ambitions to go after other companies who have used a product on the market that is not theirs to use.
Personally me and other friends have found brkk and done extensive research on the matter and everything looks great. With the win of the lawsuit that will actually help them get the funding they need for the 3.6 million to get on their feet. Lots of financial institutions will see their win in court as a huge reason why they will decide to fund brkk going forward as it solidifies they are the intellectual property owner and have proven this in court.
I personally will add as many shares as I can at these levels and my plan is to hold long as I know Daniel will not sell those shares if possible and pursue non-dilutive financing if he is given the option to do so. Think about it, what financing company would not fund them considering they just won a major milestone lawsuit earlier this year.
The price of .0004 is super cheap and i would welcome being able to add more lower but I do not believe it will get any lower than this. Not to mention the .0004 shares on friday were nearly gone and it was about to move up to .0005 at the end of the day. The upward pressure is there.
Do not forget once that settlement money comes in they will buy back shares with 50 percent of the proceeds of the 2.4 million. At these levels they could buy back nearly all the shares and still have money left over. It is a no brainer from here.
This company will go somewhere one day. Will you be watching from the sidelines or riding the wave with them?