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So they create a few more degrees of separation and it becomes an "affiliate" who isn't directly connected. It will still happen imo.
I guess we will both see the answer to that in the next few days. I'll wait until I'm sure we're good before I jump back in. My theory on OTC stock trading is expect the worst. Unfortunately, there are many companies and individuals looking to make a fast buck stealing the ordinary man's hard-earned cash. They don't care about long term efforts and whether the company does well or badly, they just want your money and they want it now.
And yet we've seen lots of shorting and covering on this stock. Good luck to all!
Exactly. If this was about the NASDAQ uplisting, they'd have RS'd and split the AS at the same time. This was about releasing shares.
Not sure why anyone thought this was positive. Increasing the AS by 50m but removing the preferred shares they were requesting would have been the best option for shareholders. Much more controllable than giving them 280m (14 x current OS) to play with.
We'll see but I've never seen a situation like this go well in the short term.
Not unless the company decides to split the AS by 15 to be in line with the OS split. It's always a big red flag if they leave the AS and RS the OS because it leaves a huge pile of shares to dilute.
I'm looking for the official filing that goes with this release because they did not state the current OS either which is another red flag. It should have been 300m because that was the max AS before this action. Strange that they didn't state it though.
We are at 20m (most likely) with 280m of shares open for dilution. Last time they had that much to play with, this went down from $20 to 5c but lets see whether they are more responsible this time.
I don't see how that works on it's own without PRs and 10K? OS is now 20m, AS is 300m, that's 280m of potential dilution at $2 a pop to kick off.
This needs to settle over the next few days and if they resist the temptation to exploit it, it will start to run again. What I expect though is for shorting to start immediately and knock this down to cover from dilution at $1 or lower. They can make some good money on that game and that is what killed this originally.
No. I don't think that at all. I think this one is solid once we get past this week. I just don't personally ever hold during an RS, been burned too many times.
I've never seen that work but willing to watch and learn.
This needs the company / converters to not dump. Not sure how anyone could stop the price going down if they do. I'm certainly not standing in the way of that steamroller.
Yup. Not sure how well your shares would combine in your account if you already have ECIG waiting to change to ECIGD but if you buy ECIGD, no reason why they wouldn't be just like any other shares to sell straight away.
I don't see how it would artificially rise? Unless the company and converters hold back and don't sell anything. Usually, these are messy for a few days and then settle down afterwards as long as the company PRs properly.
The future of the stock hangs in the balance right now in the next few days until end of week. If there is heavy dumping before everyone gets their shares released, panic will ensue and everyone will start selling as soon as they get them and it will perpetuate.
Best case scenario imo is that it holds steady for a few days and then a PR starts a steady increase from there. More likely though is a bumpy road until next week. The OS has been fixed for a while and there must be a lot of itchy fingers waiting to hit the dump button now that there are plenty of shares available once more.
We'll soon see by the end of tomorrow how this will play....
The company and dilutors / converters are the only one's that will be able to sell for a few days until this gets distributed properly to the brokers. Next few days will be interesting.
Nice day of action today! Yes, someone is still dumping into the bid but it held well at the high 3s and closed out nicely. Someone is doing some heavy accumulation at these levels, they started at a 1m bid earlier.
It has the potential to explode as it started to do earlier when it spiked to 5c. I think we'll see more over the next few days.
They passed new legislation in England? How did I miss that??
What's with the "futbol"?, it's football. Your version is American Football, a later variation copying Rugby. :)
What do you want to bet that the RS happens and is followed up by a PR to say that the 10K will be delayed?
It can bounce off these levels, depends on whether they let it go.
I already did a google map search and I don't think it is close. I wish it was in a selfish way because if the "green" conservation rules go, we'd see a lot of timber cut down and sold for a lot of tevenue
Seriously though, what does everyone think about this one from these levels? Has to bounce at some point?
Mike(y) "Bagels" Statler. Now I get it! It was you all along! :)
Ignore the lawsuits and get some emails sent out. I have Bill Gates and various other tycoons waiting to play with this one. Watch the bid go to 10 mill in seconds on Monday!
You do realize how far that is from the AZFL land? Brazil is a very big place
I'm Mike Statler and so is my wife! ( for those of you who know Monty Python) :)
Its laden down with shares now though. We'll see, it can't happen over and over. That's the trick, knowing when to take profits and leave
I don't personally care who did it, it's irrelevant right now. The only important issue is whether it can rebound from here. I think it can
But they just keep diluting into the volume. Meanwhile savvy investors are leaving stage right selling into it too. If news comes, they will just sell more.
I don't play the trip1 game anymore, 9 times out of 10 they stay there until volume dries up and they RS.
The news here gets more and more spurious, it would take something real to recover
Yup, can't believe ppl keep buying in the hope it will lift from no bid
I have to ask, why the fuss over a dead stock?
I've seen this story a few times over. Promo kicks in, someone takes advantage and shorts the hell out of it and then promo goes quiet.
Would not surprise me if StockTips sends an email tomorrow and restarts this one.
No retail investor can do it anyway, only MMs can play games around these levels.
I wish us all luck tomorrow, hopefully they stop selling 2s and let this recover
To cover at 0.0001 for 100% profit?
It did last time so relatively sound logic. They dumped down to 0.001 and some panic selling took it to 0.0008 and then it bounced back. Each time the OS is increasing though so it will be a harder job for it to bounce.
It needs the dilution to stop but not seeing any evidence of that. No way I'm buying here at 13s though.
All this talk about a fictional character. StockTips is done if they don't at least email and try and recover this one. People won't take a chance on them again.
As far as TLPY goes, it's settled around this level for now. Wouldn't take much for it to run
This one is a lot of fun. Bought most of mine around 7s and 8s. It goes so thin past 12s, could explode if they let it
I'm in but I don't know what to think. I think that a bunch of PRs will probably start now so this one is far from over but the only money to be made is from these levels, no way it ever gets back to the equivalent of where it was at.
I'm guessing we are back with the GRAS ticker tomorrow? Probably another reason we got the PR today.
?? - what does all that mean?
I respectfully disagree. Yes, the company is diluting but then that is being manipulated and used by MMs and teams to get in cheap and sell for a single tick. If it was purely dilution, they'd have just wiped out all of the 2s by now.
No one who wants to sell 75m of shares puts 75m on the ask and just expects them to be bought, whether it is dilution or otherwise. People put 75m on the ask with the expectation that no one will buy and create panic to get 2s.
Thanks! :)
What gets me is that this is exactly the same stock as it was yesterday but today a team get together and create a wall on 3s to make it appear impenetrable and all of a sudden, everyone turns on it.
So transparent the games that some people play to get in lower and play it all over again. That's why it would be fun to just buy the entire wall and see what happens. Maybe I will.....
It's at times like these that I wish I had enough money to throw around to buy 75m of 3s and be done with the waiting and manipulation. That ask came out of nowhere to encourage people to sell 2s and until they do, no one is going to let go of this and let it go up.
I almost want someone to panic and sell them their 2s so that we can just stop the incessant game playing both on the L2 and this board.
All investors and MMs see is "debt restructuring, blah blah" and it's enough to cause a panic sell off. It's not about mine or your opinions, its about fear factor and manipulation.
Tough to tell people that because they may lose more. The MMs are certainly setting up a trap on this news though. The question is whether it will bounce back though