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We now return to another episode of 'As The Dumpage Continues'...like sands in an hourglass, these are the shares of NRTI
It's true that having a contrarian streak is a surefire way to make money in the market. If I was unaware of NRTI until this week and came upon this message board and saw that the head cheerleaders, the longest of the longs, were so despondent that they were ready to cut and run, I'd be more than ready to buy, buy, buy. I've made some nice trades over the years just picking up unwanted shares off of the bloodiest of streets, and man, the carnage here has been historic. NRTI Boulevard is a raging deluge of blood. Since I somehow allowed myself to be a semi-bagholder, it's taken me awhile to see the opportunity here, but the buzzards started picking the carcass on Thursday and Friday, and the volume and volatility the next few days and weeks are going to produce some juicy opportunities. I can't wait to get some of my money back and then, ultimately, to put this nightmare in the rearview.
Over 2 million shares on the bid at .0017 and .0016. I do believe a shrim bath is in order. Look at Joshy...he can barely hold it in. He's been eating only the finest soft meats!!!
A bigger question....who is dumber? The ones who have run this company into the ground or the ones who invested in it and continued to believe in it when the writing was on the wall? Anyone who didn't sell after the March 17th 8-k and after the launch fizzle (I'm semi-included in this group as I only liquidated about a third of my shares in April) has nobody to blame but the person in the mirror. We are just as dumb as they are. I stand here today and admit that I'm an idiot.
It's virtually assured that Jimmy and James are doing just fine and that they have been compensated handsomely. They are going to emerge from this carnage with nary a drop of blood on their pant legs and plenty of money in their respective accounts. CEO's and company presidents don't lose money when it all goes down. Ever. Unless it's criminal, in which case IF they are actually prosecuted (big IF), there's an infinitesimal chance that they spend a few months in minimum security before reemerging to enjoy the multi-million dollar spoils of their folly (check in on the ENRON guys...besides the ones that killed themselves, they all are living just fine behind gated community walls). It's the American way. It doesn't appear as if anything criminal has occurred here, though. All of the filings are on the up-and-up. It's grossly incompetent and laughably unethical, but far from criminal.
Bids are stacked nice and high for our boy. Everybody put on their fecal-resistant raincoats.
Josh sells, but who's buying? Sing it like the Megadeath song. Fun.
That's about the only spot I'll try to average down. I took a nasty loss on my most expensive shares weeks ago and figured I'd be kicking myself by now for it...nope...so glad I got rid of my expensive shares around a penny. If it hits trips, I'll be backing the truck up, but only then. Watching this thing is like watching a snuff film at this point.
I will never again in my life underestimate the power of death spiral financing. If you would've told me even a month ago that a mere $150k would basically drag this company to nothingness, I wouldn't have believed it. Even when it went sub penny, I thought half a penny would be the absolute floor with a juicy bounce shortly thereafter. This is the bloodiest carnage I've ever seen on a ticker with an actual business and actual products and actual revenue. Not even shell tickers crash this hard. Surreal.
No sense talking about it in a 'see no evil, speak no evil' way or in a 'yeah, that's obvious to the point of redundancy' sort of way?
Don't sweat my theories, just focus on the facts. Check the filings. Pour over that juicy SC 13G from June 1st and then cross reference the 8k on March 17th. Then, for extra bonus fun, watch this...
Uh, uh...St. Sason is letting the bid build again. Prepare for a massive dump before EOD.
For sure. Dumping is so aggressive today that BMAK can't even get any sold.
Inergetics, a world class manufacturer of sinking ships and broken dreams, is proud to announce that their partner, Joshua Sason, pinky swears to go away once he has made enough money to buy a solid gold car. Kras and James, the geniuses behind Inergetics (not the award-winning trapeze artists), are more than pleased with they way their partnership with Sason and his many subsidiaries have gone thus far, and applaud themselves for their decision to do business with such an upstanding human. "When we looked around the offices a few months back and realized that instead of expanding the company through our trademarked CBD brand, we could simply sign away the company for 150k," explains Jim Kras before wiping away a chin full of drool, "we immediately gave ourselves ice-pick lobotomies and called Mr. Sason right away. Stock now crash, go boom boom. I made poopy!!!" As Inergetics' stock continues to plummet, Mr. Kras plans on getting a gold star forehead from 'the nice lady' assigned to his care and also anticipates an endless supply of juice boxes to keep safe in his fanny pack.
There's your update, CN.
Huge dump of 3 million shares.
New all-time low .002
New all-time low. .0021
New all-time low printed. .0022. And my limbo instructor, Fernando, keeps asking the same question over and over......................................................
I'm not excited about teens. I'm excited about trips.
And then Joshy dumps into the stacked bids on .0023 in an eye blink. Good effort, though. Keep that pimp hand strong 'cause a new low is about to print. Today might even be teen day.
Prove it
If you can keep up this lonely cheerleader routine day after day throughout the whole summer as absolutely nothing happens, the existential ennui I've felt for you up until this point might actually morph into something akin to admiration.
Wow. Big day in NRTI land. The buzz, the excitement...so palpable.
I hope your pimp hand is strong, because you're going to need to do a whole mess o' slappin' until Joshy is satiated. You too, Fish. Take those bottles and cans down to the redemption center and get some more of those twenty twen twens you're so fond of dropping on those big buys.
The only thing that can save us now is a good Bikini Muscles Om So Ready 4 Surgextreme Grill Time(TM) PR. Inergetics, a world class developer of sinking ships, announces today that they will be partnering with the face of Death Spiral(TM), an industry leading destroyer of stocks and devourer of souls, and will be funding its CEO, Joshua Sason, and the several Bikini Muscles models accompanying him, as they embark on a world hopping tour of white sand beaches and five star hotels. Aw shucks, make that six star hotels...money is no object when it comes to the synergy of such a momentous partnership. Give me a K! Give me an R! Give me an A! Give me an S!
Yes. The answer is yes. As my limbo instructor, Carlos, always asks me, "how low can you go?"
In that case, I'll meet you in trips, Bud. We'll make a mint from down there.
Here comes the all-time low. Will NRTI mint a new all-time low today?
Somebody is selling and selling hard. Who's buying?
Thanks for clearing it all up, Nikita. I'm obviously a noob when it comes to understanding exactly how filings work. I need to educate myself. Was trying to connect the dots between the massive selling the last few weeks, the association with Joshua Sason (a notorious death spiral financier), and the filings. Please continue to set the facts. It is much appreciated.
I just crunched the numbers, and here is a glimmer...we all know that Joshy paid 150k for those 101 millions shares. If he were to sell them all below .0016, he wouldn't make money. We know that he's probably sold at least a chunk of them since May 19, but he surely doesn't want the share price to go below mid teens (his break even point). His minions (MM's and traders) therefore have more than likely been instructed to keep it above .002 or so. Perhaps that's why selling wasn't as relentless when it got into the mid .002's. He drove it down to these .002's and .003's pretty hard, but it looks like he has to take his foot off the gas in this range. I'm just speculating. Somebody correct me if I'm wrong. In all honesty, I'm not super schooled in these shenanigans. I did notice that CDEL on the L2 (his most obvious MM friend) was hanging out on the ask in the mid .003's a lot today.
It would certainly help. Buying pressure and new shareholders would definitely help devour ol' Joshy's shares. Nulief expansion is the only hope. Everyone knows it, including the market.
There has been about 66 million shares traded total since May 19th. We all know that a good chunk of the selling was him, but how much is mere speculation. He's not going anywhere.
It's that number times 4, so almost 101 million. His entities 31 Group, Magna I, Magna II, and Joshua Sason himself all got access to that number as of May 19.
According to the the after hours filing of the SC 13G today, Sason has access to at least 100 million shares as of May 19th (under 4 technically different entities, all owned by Joshy). With that number (calculating the volume since May 19th), best case scenario is he has about 34 million left. Worst case, he has 100 million plus whatever he scored earlier this year. I'm going to guess he has about 60-80 million shares to dump still, and that's purely a wild guess. If today is any indication, perhaps he is going to allow it to drift up a bit instead of pounding it to trips, but who knows. He is doing this to so many penny stocks, that I imagine he barely even pays attention and just hands the reigns to MM's or agents. Why NRTI decided to get in bed with the dude is beyond me. If they knew his modus operandi, desperation is the only rationale. If they didn't know his M.O. and made a naive decision, that's pretty deplorable, too. Either way sucks. Was it Kras of James, you think?
Even I must profess apprehensive optimism here. The relentless dump-a-thon of the past few weeks seems to have abated. L2 looks reasonable for the first time in weeks and the bids are slowly rolling in. Now, if NRTI can go the whole day without a giant Joshy dump into the bid, I'll upgrade my optimism from apprehensive to cautious. The day is still quite young.
Wow, it's a veritable frenzy to start the week at NRTI! What with the buying and the selling and the zzzzzzzzzzzzzzzzzzzzz.......
Go get em, CN. Buy 'em all. You too, Dicky! Get those shares. Buy, buy, buy.
Stop, stop...my schadenfreude receptors are going to overload and then I'll start laughing. I like to keep my schadenfreude safe behind a stoic veneer.