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2 things, "they" is all encompassing.
This stock recently hit near $0.04. After such an incredible run up it became a major target for shorting. There are groups of people who target such a stock after a run up like this for a coordinated short attack. They create a panic and people sell into that panic. They cover during the panic.
The other "they" are diluting Market Makers as mentioned in an earlier post. Companies like this get "toxic financing", meaning they take money in exchange for shares. Those shares are dumped on the market for the lender to get reimbursed.
It's all part of the game. Hopefully the conversions are done or almost done.
BTW some advice to you as someone new to the market. Be extra cautious with OTC penny stocks. I'd advise doing some reading up. 95% or more of all OTC penny stock companies are outright scams.
I don't think this one is a scam, but it is still highly speculative. It is one of the better OTC QB companies, but that is no guarantee. Also be leery of posters on message boards such as this. Almost everyone is a shark, and the sharks eat other sharks. Whatever you do, never take investing advice from message boards. People will mislead you and just go POOF when things go south.
Do your own due diligence and know your trading/investing strategy.
It sucks, but there are no laws barring them from doing it. There should be a law as it is false advertising IMO.
Read my post. Anyone can buy/sell 911 shares and it will show up on T&S, but when a diluting MM seen on L2 does it that's different. Could be nothing, could be a sign. I've personally seen stocks were a MM is on the ask for days or weeks converting. That MM does one 911 sell and disappears. Then within 24 hours there is major news and the stock skyrockets.
It is what it is. Let's see how it plays out over the next 24 hours. Nothing may happen, or we may get news. While you seem dead set on badmouthing the stock, some of us are hold shares and hoping news comes.
Anyhow, ARCA is still nibbling but smaller bites. At least not hiding their real ask size anymore.
Yup, we'll find out soon enough if it is really 25k. A good sign though, the unlimited variety is usually cloaked as 10k regardless. Other sizes are normally real sizes. 25k is tiny.
Regarding 911 signal, it CAN be real. I've seen both ways. It means nothing if you are watching just T&S. Small time pumpers will do it just to pump, and nothing happens.
On the other hand if you have a known market maker doing a ton of conversions and they suddenly stop after a 911 signal, it usually indicates they are done and news is pending. I've seen some real rocket ships under this scenario.
Convertible dept. Companies like this have to issue shares to fund operations. It is often called "toxic financing". It is to be expected to a certain degree down here in OTC Penny Land.
Keep in mind while we are down significantly from the recent high last week, we are still up 2,000% from 2 weeks ago. If we hold $0.01, we are in a great position for the next leg up. These conversions can't go on too much longer. There are a finite number of shares issued for convertible debt.
Prediction: We close over $0.02 today.
Let's see if I'm right. By my calculations conversions should be just about done. We should get a PR this afternoon or tomorrow by the company stating they are debt free.
ARCA done? -Edit- Nope.
All it would take was one well written PR, and we'd gain more than 3,000% from here.
You can find companies on the big boards with the same language. It's called safe harbor statements. This is a developmental stage company, they are expected to be losing money during this phase. The catch is, if you are holding shares in one of these companies and they start securing contracts, the gains are astronomical.
If you don't like safe harbor statements there are always cash rich companies like APP*. The growth is pretty much gone, but they don't raise cash and pay a small dividend.
It's all about your investment strategy. Safe vs aggressive. Safe makes your investment safer, but the upside is very limited. Speculative developmental companies are riskier, but the upside can be staggering.
Pressure is building... Eruption pending...
Those who panic sold are crying now! GO GO GO GO!!
BOOM! Up we go!! GREEN!! News pending?
Finally done converting? :crosses fingers:
Management should throw us a bone, have a CC after the 10Q. Conference Calls cost nothing, just a little of their time. The conference Call line itself can be free, as there are free services out there.
So much for their pound of flesh! They are taking the whole body! :roll eyes:
Cardboard box sign: "Hungry CEO, everything helps!"
LMAO! Yesterday this guy was saying he spoke to the company and was told there was 700 contracts, now he claims the CEO was panhandling for loose change? LMAO!!!
Sounds unstable, maybe report to your local police department just in case. Yesterday was blabbering about 700 contracts, today bashing and threatening?
I didn't say you silly, You were making an observation and I commented on that observation.
No more averaging down, only averaging UP for me. I would have averaged down if this were an organic pullback but it ain't. I'll average UP once the conversion are done and we move up. Not one more penny until we're back above $0.035.
Fugly, not putting another penny out of my pocket until they are done with their lump of flesh. No concern for shareholders yesterday and today. They better not kill the golden goose.
The bashers are salivating!LOL! They can keep bashing all they want. This pullback is done! The bottom is in and we go up!
Apparently not. It doesn't state it as required by law, and nothing on the P&Ds website. This is independent it seems.
News link 3/21/2017: NEWS
Off to find some dry powder! Need to buy buttloads here! No panic, except wanting to load the hell up a this level!
I'm out of posts! See ya'll tomorrow!
Yeah only one reason for for blow production...
My other 50K filled. I am up near 650k shares. I want to get to a milly shares if I can.
Awesome, let me know. I don't want to be pestering them is someone else can authenticate.
I'm not the one making the claim, but why don't one of the board moderators either call or email the company? Preferably email for the paper-trail? Either way the question should be routed on their end to their IR person. The answer could be stickied.
Here's the contact info from their website and OTC Markets website.
Phone: +1 (800) 520-9485
Email: dtii@denfensetechnologiesintl.com
Look at candlestick chart for 30 minute period, 90 minute period or daily candles. This trading today is on track with normal trading since the breakout last week. If all stays this good, we'll be trading above $0.04 end of day today or sometime tomorrow.
All I personally want is a close above $0.03 today. Anything else is gravy.
Crying? LOL! It tested the $0.03 support and bounced. It testes the 90min candlestick 15 SMA, and bounced. This is a stock that is up 3,600% in 4 days and people are supposed to cry? LOL!
Weak bash is weak.
Just bounced off the 15 SMA in the 90 minute period candlestick chart. The last 3 times it did this, it rallied hard. We should rally from here.
Gap filled.
Look at Candlestick Chart, 90 minute period. 15 SMA Moving Average.
You're welcome! She's a monster!!
Whoa baby! Hidden *BID* by Market Makers! That milly bid DIDN'T MOVE at all after getting slapped with a 767,800 buy! Still over a milly with no change!
Market makers are playing games BUYING shares! That's almost unheard of! When it happens, always an EXPLOSIVE upward move is coming soon!!!
This is a caged animal ready to break free and run!
Nice 1.1milly on the bid.
I snagged another 50k, partial fill. Doesn't look like my other 50k will fill, going back up.