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Promoters told everyone to hold for some future event, that helps someone get higher prices while people hold for something.
Take a look at the financials, someone got 800 million shares for an $80,000 debt owed to them.
They got shares for $0.0001 ... sitting at $0.02 the $80,000 they were owed is worth $16 Million.
Would you sell shares if you were up 19,900% ?
Says they retired all the convertible debt ahead of schedule?
Sounds pretty to me.
Seems pretty obvious that someone is unwinding a large position the last couple of days.
I was thinking 100 million shares, but as it continues today, it seems to be more.
Looks like someone or group had about 100 million shares they wanted to let go of.
We shall see if they come back or if this can breath back over $0.02
Starting to curl here, let's see if it can break $0.0205
Perfect trader sold the exact top.
You should learn from him.
Why use stops that move up when you just know.
Shorts created a lot of shares and need to create panic to get some people to give them back.
Glad it worked out.
Not sure what the plan was if it didn't.
I mean you put the stop where?
Honestly, buying the first dip was a bad trade.
Buying on the retrace after the bounce is much better.
Well, I guess that channel died.
Good job by the shorts.
Was hoping to see some short covering, but seems like they keep offering out more.
Keeping it in a channel for now.
Aren't the warrants 4 needed to buy one share at $11.50 ?
Even if the share price is $25
Doesn't that give a value of (($25-11.50)/4)
$3.375 ?
Now the price is starting to pick up.
$8k in volume in the first hour is massive.
You think it's nice that they pumped for a 1 day move?
How much credit should they get when they sell everything on the first move?
Someone that is hoping the pump crew didn't just do a one day special.
They have done it a few times recently. Good luck if you didn't unload your cost.
2 million bid disappeared... hopefully you got rid of some bags?
They couldn't run it up to a new 52 week high.
The group pushing it has had a few good runs recently.
Your sentiment is correct.
There was no movement in the price for a couple of days, the wash trades got people interested and bought in.
The purpose is to make people think someone new is buying in.
HopefullybI am wrong.
Hooked you in?
If yes, they served their purpose.
Think about why is there all this in between volume? Why not hit the ask?
Admittedly I have traded some, but this suspicious action makes me doubtful.
Someone with a lot of shares may generate volume and interest so they can get out.
Honestly, if you have been here for so many years you would be foolish to not get out your cost at least.
Feels more like wash trading to get people interested and then dump on them.
Would love to be wrong though.
There was a number of mirror trades when someone posted on Twitter (maybe it was you).
That means market makers screw the buyers.
Unusual volume trend recently and the price spiked today.
If some news was released this could fly.
I couldn't find a reason as to why it has shot up ...
Hopefully more than someone creating volume temporarily.
Priced a little high for me. I was hoping to sell into a push to $60-61 .... the $60 options are $1.80 (expire this week).
Would be interesting to know how much shorts covered yesterday.
Given the fight back in WSB tickers, trades based on short covering may not be good ... especially in low volume summer.
Seems low floaters are all the rage right now.
If you created a multi-million dollar company, you would give us 50% for nothing, right?
Your posts suggest it.
Hurry up, create it and let us have our free money.
Anyone else trading this hoping it can test $60?
Typically institutional shorts will give it some support on these bigger stocks when they move like this.
OTC degens get 51% of the company coming in.
Must be true. I read it on the Hub.
Delayed reaction pump.
Seems like shorts are hoping more sellers wake up.
We shall see if it gets run up at 10 am.
Won't be surprised if there is going to be one coming soon.
Basically this is a teaser for one that he plans to dump on the masses.
Couldn't find any news.
Probably a block of shares went unrestricted?
Let's see if it can get a bid over $0.03
Get any fill or hoping for more of a pullback?
Is this going to be a good board where OTC degens get 50% of a multi-billion dollar company?
I mean they have to give us 50% correct?
Low/No volume day. Have to wonder whether the big buyer from Friday is hoping another block of shares come down.
It is interesting, but the company is selling shares into the market.
Anyone who was buying in $4s in hopes of the company meeting the $5 institutional price is getting screwed.
I suspect that shorts may start to cover a little, but sending it below $3 causes some to lose out on margin capabilities.
So the reverse split gives the stock volatility... which is good for those looking to make an income from trading.
Sucks that people will lose so that traders have a job.
Custodianship play with less than 20 million shares outstanding.
First motions to get custodianship were filed as per Volfan's post.
Bid $0.05 Ask $0.20
Pretty wide spread.
Did you create an account to start a rumour for news?
Is this going to be a good message board?
Might be interesting if a bid over $0.05 can come back this afternoon.
Getting sent now.
Probably a number of people who bought earlier are flipping out.
Can't blame them, but $50k in last few minutes makes it interesting.