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I disagree. When you see MMs positioning the bid and ask lower, it sets the open. This is going to gap down.
Then the market takes over and either reacts badly and the trend continues or it recovers. Same theory but opposite to a gap up.
It's not even really about how the market reacts, it's about whether the MMs think they can use it to their own advantage to push the price down.
If you look at the bid and ask this morning even before the open, this is going down hard.
Big bounce coming today imo...
I feel very lucky to have some 8s too. Looking good here!
Are you watching IGRW? Looking good for a run. TLPY could be interesting tomorrow too, StockTips play gone wrong but ready for a big bounce
Means nothing. Went through at just under 9 and I think it was a match to the shares sold at 11am-ish. Just MMs playing games and catching up after hours.
Why would that movement annoy anyone? Buy now, sell at 14, buy back at 7. Sounds pretty good to me
Shorting maybe combined with dilution to cover. Who really knows?
It's all part if the game on these stocks. You either watch and take advantage or ignore it and lose money.
These plays are always for a week or two and involve buying and selling a few times over. Today was the time to buy low, tomorrow it will probably gap and run.
Did you miss the 0.067s? You can still buy before we breakthrough 0.08s and keep on going.
I'm pretty happy with my 0.067s I bought today. Massive attack happened today and they did a great job of pushing it down. It will recover and get back into a channel from these levels. I'm no expert but this one is obvious.
Personally, I would not have held this one all the way down to here but a good play from these levels.
Bid support is looking very healthy. If the dilutors don't hit the 8s, people will start to buy 9s and this will start to run.
That is actually good news in a strange kind of a way. The only worry with TLPY is if it was suspended and if they are suing StockTips, that is a clear claim that they are not involved and therefore the stock should be unaffected either way.
I expect this to reset and bounce hard soon. I'm glad I decided to wait a while and jump in down here.
Do u mean 0.0008 and 0.0002?
Where did all those shares come from on Friday considering the AS is maxed and the vote was negative? RS must be imminent?
It was down at 0.0008 very recently?
The A/S change is the insidous one. The preferred shares take our vote away in the future and let them do anything.
Someone has to change that number. Presumably they never did when XUII became IMJN
That's not entirely true. Everyone's shares are locked up and then released broker by broker but there is nothing to stop the company from selling shares in that time and a share collapse does sometimes happen for a while as everything settles down.
Typical scenario: - AS has shares available as soon as RS complete. Dilution machines kicks in straight away causing a crash. Broker #1 now releases shares. Panic selling ensues and people sell. This pattern can continue for a few days and shorts take advantage.
An RS is never clean without a drop unless it is for a solid reason with lots of PR before and during. I learnt to not hold during an RS a long time ago and I wouldn't recommend anyone to do it.
Elliot Wave is a sound concept without dilution, shorting and manipulation getting in the way. The problem with Monday is that we have the RS vote coming on Tuesday so no reason for anyone to buy and get the price back
We're just about to have a vote on an RS, course it can go down further
I've been through 3 in the last year. You'll get them quick
Shares are only locked up for 24-48 hours after an RS then there is usually a dumpfest as people get their stock released. If the company PR's through that it might be ok but they usually don't.
Best opportunity on this right now is post-RS. Anyone still buying / holding before that vote is crazy imho. The boom on this is over for now and may never come back unless there is great news on revenue coming. It's turned into a daytrade stock.
Friday was bad, I can't see why Monday wouldn't be worse. Then we'll see.
If no RS, maybe another run but with the dilution machine turned back on by the AS increase. If no AS increase either, could get real interesting because they clearly have debt issues and no money to clear them. I'm guessing a big run and then bankruptcy declared
I'm really annoyed at this one. It could have been great but was capped out at 20c and then shorted right down to here with lots of panic selling and stop losses to help.
This could have been epic and now we'll just get a positive AS and RS vote with them both kicking in asap and the price will be killed.
I'm so glad I got out further up and didn't ride this mess down. Time to stay out and wait until all this plays out because the vote is not going to be a positive effect.
Absolutely. Wasn't knocking him. They told him nothing
All buys today! Oh wait, its at no bid
Downthedrain
Who cares anyway? This one is so heavily diluted now, its worthless. 1 billion shares added in one day, absolutely ridiculous
What questions does it provide firm answers to apart from the address of the meeting?
Wow. What is the OS here these days? 1b added today! Must be heading for an RS to reset
No way is debt being cancelled. This stock is a mess again. I'll wait till after the vote to reenter
Any stock is only good if you take profits along the way and protect yourself. Otherwise you can easily see your profits disappear. Don't allow anyone to convince you to hold all the way down, that is soul destroying
I know the rules but companies on the OTC do not follow them
That is the funniest comment I think I have ever seen. Claiming OTC management teams have the best interest of the shareholders in mind.
The only person who has your best interest in mind is yourself. No one here, no one on the board or executive team.
It's every man or woman for themself and if anyone ever thinks different, they should not invest or trade in penny shares
There's nothing fictitious about villains on the OTC. Its how the real money is made.
I would have thought that was obvious? Sell at 4s, cover lower, huge profits. Retail can't do it but convertible noteholders do it all the time.
I'm not as negative as some but we can't just sweep this one away as nothing. The conversion rate is awful and 100m of dilution took this down from dollars to 4c so anything is possible.
We need an explanation and hopefully that comes damn soon before this news is abused to knock the price down.
My point is that you can't sign a contract with someone and offer shares unless you actually have them. People don't sign contracts based on hopes and aspirations and even if they have access to the current voting number of yes vs no, that would not be enough to go ahead and contractually obligate to them.
Unless the convertible company is allowing the deal knowing they can default if the vote goes wrong and really kill us.
I'm not 100% sure but if shares are sold, the voting right disappears and the buying party won't gain that because they didn't own the votes at the right date? That then means they essentially become a "no" I believe because an abstain is a no.
If the RS was a done deal, they would have to declare it. That's why I'm confused. If you mean that they think they have enough votes, that means nothing.