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No, when the bid gets whacked like that in one whole swoop it is BKRT. It has happened whenever BKRT is somewhere way up on the ask. I just called the TA and the company issued 29 million more shares today or late yesterday.
This has turned into a huge joke. Once we are about to finally run BKRT shows up daily and dumps his discounted shares into the bid. So tired of his bs. If he knew anything, he could sell his shares at a higher price and let it run.
I see BKRT always come back within a day. Notice how he parked at the previous days close. I think he's being used as a fear tactic for the shares he has short and for the other MMs. Can't be certain until someone hits 21s.
Ya, BKRT is back. TA gagged and enless amount of selling.
People of this board- Put some money on the bid to entice those watching and get this green so we can continue the run.
BKRT is back, wtf. Not selling though, so i guess that is a plus
Retail MMs diluting now. Sure as heck does not look like retail when 14 million is on the ask and walking down
"waddling to the bank" haha
What the A/S is raised?
Its 1.1 million
I told you BKRT was diluting shares. He finally left to .5 after that 35 million share buy order. $65k
Nevermind then..... 7 million shares. Where are these shares coming from?
He came back down, but now only has a million
If anyone has been monitoring the MMs movements, you would notice that ETRF is sitting at .0027 right now. He is the one that had been selling most of the shares, thus causing this to drop. This is starting to set up for a late day runner and now would be a good time to get in.
Never said it won't close well because i do think it will. Just a lot of shares being thrown up on the ask
lol, there are a lot more than 3.5 million shares to .0028.
So many shares on the ask- scared to think what the O/S is now. TA is gagged and told me i wasn't authorized to see it.
No reason for their to be something wrong. CEO was able to convert his 33 million preferred to 6.3 billion shares. It makes sense when hundreds of millions of shares into VFIN do nothing to move it. I took a chance and unless VFIN moves out of the way for a little bit then we're all screwed.
Daily chart looks fantastic. This has trades strangely the past couple of days, but seems to continue to steam up. There are nice financials to back this up and the RSI is at 57, so still plently of room for another double from here. Have to break 27
So many shares stacked on the ask and many of them after a small walk down, and we have no idea why. Is it MM shorting, dilution, retail, or a little bit of both.
Doesn't mean he isn't dumping into the bid.
So, VFIN is still dumping their shares even though they moved off the ask? I don't think it is retail when the bid gets whacked real fast every time
Ya, just called the TA and the O/S is 6,343,273,873. I guess VFIn has 5.5 billion shares left to sell. These are all the CEOs shares who wants every last penny from shareholders.
Where is the bid support?
It was a sell through VFIN. I would say his load has gotten lighter by 50 million. I will call the transfer agent again today
I asked the lady if it was 680 million or 6.8 billion and she stated that it was 680 million. If this guy was able to convert his preferred shares into 6 billion shares and cause millions of dollars in losses for investors, then the only reasonable response should be jail time and restitution to victims. If it is in fact 680 million, then i believe we are getting closer to VFIN being wiped out of shares and in the mix for a nice bounce play.
Apparently, there are two notes that are due sometime later in the fall according to the lastest 10Q. However, the 10Q fails to state any of the previous notes that have already been fulfilled or were due in the past month/ now. Most of the newly issued shares are coming from the derivative liability, which also fails to list anything about the terms of the contract. In the end, we can only be annoyed at the SEC and FINRA for the lack of regulation in place on small cap companies in terms of dilution. The Transfer Agency won't divulge any information about the newly issued shares and these companies arn't required to file anything about new dilution hitting the market.
- I thought most of the dilution was gone a couple of weeks back, yet now here we are. This is ready to run only if BKRT will stop moving around on the ask and dumping into the bid.
The new O/S is 435 million as of today. So they issued 29 million more shares in the last two days? my question is to who? Doesn't the company pay the note in full when asked or are they paying it off periodically.
I just called them Big Daddy is off a digit. The O/S is 680 million.
There havn't even been 6 billion shares trades since the R/S
I think you have too many digits there bud. That would be 6 billion shares
add 25 million to that. Can they tell you how many shares the company has given out via convertible debt notes?
NO dilution here for the first time in a while. Spread the world
I'm not sure how many shares VFIN has or who is diluting because i cannot find any information from the filings. The preferred shares can be converted, but i'm not sure how many common shares they convert to. Let me know if you can find something out about it. The graph is nearly identical to US*C
BMAK came swooping down to whack the bid for 15,000 worth of shares and thus putting an end to the run.
BMAK just made 200k from everyone here today
Noticed the exact same thing.
A lot of wash trading going on here between the MMs...... i think
What is the O/S?
Whats the O/S? Please post it- Thanks