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10am PST correct? 2 more hours and then this could explode
Well at least BCCI didn't crash straight away. Thats a good start
I was being sarcastic. Not sure anyone else is even watching this forum anymore
And how is exactly is he doing that with us sitting at no bid?
Big things coming! :)
Not true. Bid is shrinking and this is heading to no bid. It might have one final bounce but I'm not taking the chance of being stuck at no bid. I'm out!
That doesn't make any sense. $100 invested earlier today would now be worth at least $300 at the EOD or more if you sold during peaks. That would have been a $100 profit and wiped out your loss.
I, however, am down $1000s but sold along the way and then bought back in low so I'm starting to recover. Bitterness gets you nowhere in this game.
A lot of complaining for a $100 investment. You could have bought $100 earlier today or over the last few days and been up a lot by now.
Not at all. Unless you want to start posting screenshots of the texts so everyone can see the alleged evidence. Otherwise I'd rather trust in logic rather than iHub bs.
This is the most ridiculous misinformation I have seen. As if a company official would have texted that kind of info to you.
It's being hammered down to new lows every day, I don't see an end to this any time soon. We're now at a 2c pre-RS price which is unbelievable.
They at least let it breathe before when they were heavily diluting and there were opportunities for bounces. Now I don't see that they care. They'll just keep diluting as long as people keep buying and this will be back down to the sub-10c level pretty soon again.
Because the "squeeze" is just a release of lots of converted shares to allow them to cover. There may never be a recovery apart from dead cat bounces
Not sure why anyone would buy a huge chunk of shares at a high and hold for a week until they lost $40k but I'd recommend trying a different way of making money. Or at least have a stop loss set.
I'm struggling to work out how anyone lost $40K here? Bought how much at what price and sold where?
Not wrong. Timing of the event is coincided with the time that the filing requirement is needed and making sure that they can file after hours on a long weekend.
Do you really think these are randomly issued? Also, obviously a filing can be done during the day or after hours.
I have never seen a good filing issued after hours on a Friday, what would be the point?
Nobody would ever release good news after hours before a long weekend. Its bad news
Simple answer is another question. What good news would ever be released after hours before a long weekend?
Seems to be a common theme with you looking at your history. Always leaving, never arriving. Interesting
Which someone picked up and put straight on the ask. This one is being heavily manipulated by someone looking to buy 1s.
Wait and see. Gapping is never a good thing. Come back at 10am
I'm not in right now but thanks for trying to gloat. People have been sold down the river here, I don't find that funny.
All makes sense now. Thanks!
Carnage coming over next few days in that case as the shorters take advantage of the delay
I mentioned that one down on the 17th below. It's been a great play and I'm expecting a dip after today's action to come back in.
I don't but I'm watching. The ask gets bigger and bigger at 3s. If it shrinks, I'll buy some more. If not, I'm done
Why would that happen?
Interesting play here. MBAY has walked this down to these levels a few times and it keeps rebounding quickly into the 0.03s. They clearly don't want to take it any further down right now. This has been so oversold, it's likely to rebound heavy at some point in the next couple of weeks.
Unfortunately, no way. < $0.50 by lunchtime more likely
People have been saying that all along and the dilution pushed it further and further down. The only reason it stopped was that the AS maxed
It will probably start to settle when it hits its pre-rs levels so 0.20 is not unrealistic at all
Just because shares drop, it doesn't mean they have to rise again. There has to be a catalyst. If they continue diluting, it will go down further
Doesn't your example say that bottom is not in yet and to wait?
Its not. This one is game over for now. Converters have lots of shares again and are taking advantage
Here's the short answer. Heavy dilution and dumping by frontloaders who pushed this stock a few days ago. So much for a "featured pick"
No one works there anymore. Why throw good money into a shell with no management?
I didn't say either way whether I think they are making lots of money or otherwise, I don't like speculating. I'd rather wait for an official filing.
All that is obvious is that the dilution / conversion continues. No surprise because it continued right until the OS was maxed.
Whether this is because they are raising new money or it is older toxic debt conversion will be obvious when we get a filing.
I'm not sure why anyone makes this so complicated, I just look at a few days trading and make my own decisions on whether it is worth a gamble. I see this one continuing downwards for a while personally.
True but who really knows for sure? I'm watching for the bottom here but not interested until that happens. Today was never going to be good and the next few days will get worse because now shares will release with the brokers and people will panic sell.
No matter what has been said on here, a RS with no solid reason and strong PR for an uplist without an applicable reduction in AS is always going to cause a drop. The question is only ever how much.
Wow! We got a trade today! Maybe more tomorrow.
All of the toxic debt is already there. The only difference is that the shares just became available again. This will continue for the rest of the week with a few dead cat bounces imo. We're a long way from being on the right path
It wasn't a sell off, it was dilution. The company has had their hands tied for weeks now with no shares available. The RS made them available, what did we expect them to do?
That was a big chunk of cash, chunky! It was hit but I'm guessing someone knows something to be doing that kind of accumulation
Did you watch Wolf of Wall St? Rules do not apply here, this is not the NASDAQ