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That is true, on the prints and flippers. The volume is a bit of a surprise, but all markets are stalled today, too. Lots of hesitancy still, because of these low volume days always get pushed down, since people are willing to take the 20% hit now and try to make it back on a runner, IMO. I don't think there should be much question on shareholders keeping shares anymore. The severe spreads should show how few shares are actually available. The real question still rises, I think, as to the validity of claims and why the stock isn't trading as high as it should. I believe it has instilled some doubt in traders, especially with so many recent suspensions.
In those 16 calendar days, the entire float has been traded in volume. The churn should have been over, at this point. I don't know why all the news worked to kill the price, instead of raising it. This company should be doing amazingly. There has been a multitude of game and BS, though. Yesterday was the worst, so far. We have had the MM's up to their eyeballs in naked shorts, as well.
Today just looks like a slow day. I think it also going to depend on how much shorts and wash traders can paint the price down, so it gives the appearance of a failing stock, when it is just on low volume.
This seems to be a great company, but the stock sure as hell isn't reflecting that right now. We need some audited fins or third party valuation, maybe?
Seeing the short sellers are still shaking loose a few people to walk the price down. You see the A/D line run down, and then recover within seconds, but not all the way up. Short sale, then cover, but the people that got shaken don't buy back, so not full recovery until somebody else picks it up. Volume still incredibly low. Might need to tell the CEO he needs to publish impact of new mill on revenue's numbers and another update of full operations. I think this is still undervalued, but because it is not performing anywhere close to what intrinsic value should be, people are still hesitant to buy more here. MM's still look to be hurting for shares as well, seeing that the bid/ask has spread so wide for the past two days. Usually means the MM's don't have the shares to maintain a tighter spread and liquidity. Need a nice rush of volume again, and people to not sell news so hard.
Not like today, no. That is the first day that it was that bad. Hopefully we see some correction tomorrow.
Highly manipulated, or at least serious attempts made. We have to see just how many of the shares sold today were sold short, to see if they were very successful. VFIN did not dilute today, somebody was using him as a front just to try and scare people into selling. Excellent news that should have brought this up higher. I am not surprised, since last PR was also accompanied by a sell off. Very thinly traded in both directions, though, with a float that is threatening the MM's ability to make their markets. That is most likely the main concern by the MM's, and they can't seem to shake loose quite enough shares for what they want to do, I suppose.
Oh wow, VFIN sold his shares at .0115. See, just retail that got routed through. No actual dilution.
Too many selling the news, possibly. Add that to the crazy games on the L2 today, and it sets for a draw. Lots of small share walk downs and rearranging the bid. Checking short numbers again today. Looks like a lot of that.
When VFIN dilutes, he doesn't do it in small share blocks. VFIN dilutes by splashing the hell out of the bid (millions), and leaving a 10k ask on, after he finds the support. This is not the case here, my friend. Slow play is not his game, especially with odd share amounts being chipped at by small share buys. Nobody has really bothered to slap VFIN's ask, to even cover the amount of shares he has up right now.
Scottrade is one of the worst platforms ever for penny stocks, and slow movers. I think some people are still doing the "sell the news" bit, as well. Rather ridiculous, I would say. The games on the L2's, though, are undeniable. At this point, I am not sure who is doing most of the selling and bid whacking. I won't have free cash to throw until tomorrow, but I would slap the hell out of VFIN if I did. Almost positive it is just for show.
There are platforms that allow you to use VFIN to place your sell orders. Looked like the only slap at VFIN actually impacted the ask. Could be just another sham. He was also on the ask earlier today.
Very little liquidity, waiting for the naked shorts to get called in. Oh, and people can pay to specifically have VFIN sell their shares, from certain platforms. Could be another way VFIN was in on the game, and for such a short time. Illusions and such.
This has been a messy day on the L2's. Looks like NITE is trying to block now, or knows shorts are going to have to cover something soon. Incredible MM games, desperate for shares, trying to get people to sell the news. Well, that's what it looks like. Interested to see naked short numbers today, again. They have been crazy here.
VFIN was on the ask earlier today. Why do you think he is here?
Small share walk downs for appearances again, along with wildly rearranging bid/ask when possible. Looks like MM's are trying everything and retail is trying to take advantage, as well. Rapid small share slaps right back on the ask should take care of that, or it may get walked back up.
Are those 100 share paints MM's begging for shares? Can't imagine a retail trader would spend the money on 100 share paints, but it is possible.
I knew it was a lot, just didn't know it was enough yet to be add such a large proponent in driving prices that high so quickly.
Same games as Friday. Looks like NITE filled ASCM on his shares, and now is trying to recover, as well. The small share short runs always ended up with too wide of a gap, so now it looks like he needs that gap to be open, so he can recover enough at a lower price. Trying to force liquidity in a wash out, or at least people trickling shares off. Not doing well for them, though. Looks like they may try to take advantage of the lunch time lull and some hesitancy. Looking for some minor covering this afternoon. Since it is Monday, I would anticipate some to take some risks and keep positions open for another day or two, in hopes of a decline. Looking good for a strong close around .016 still, with how trading patterns have occurred in the past here.
China must be accumulating faster than I thought. Gold and bitcoin mining / hoarding, and transfer of some energy reliance directly to Russia. Looks like China is making a crack at becoming the world's largest economy harder than they ever have. If they do, then $5k per oz might be undersold, in 3 years, factoring in the ripples in the global and US economies that would occur. Hmmm...very interesting. Even the psychological factors would bring a rush on gold, and drive the price way before, depending on the sequence of accumulation and continuing further discovery of ore deposits, along with possible technological advances in efficiencies and recovery. Might not be the best for the US dollar, though. You are correct though - all would be good for NWGC.
It is possible. Some does depend on gold prices, and the recent slump needs to so some recovering. The mill operations expanding, during a time when companies will have to mine more to make more money, should pay off in dividends. With the economic uncertainty in markets over the summer, we could touch 1340 again. If jobs keep increasing, and even the EU starts gaining ground in their recovery, then we might hover at 1200, IMO (there is way too much to type that actually goes into my thought process and predictions, these are just a couple factors I attribute to economic recovery). We also have to see if federal minimum wage gets hiked, and further impact in large corporations' handling of capital structure and the job market fluctuations, in response. Going way too far on a tangent, sorry. Anyhow, NWGC is looking excellent, regardless of gold prices, because they aren't just mining. In any way you view the turns and changes, NWGC and it's subsidiary look to be propped up for the long haul, and lots and lots of money to be made. *Disclaimer - still a pink sheet stock, and always risk involved.
The numbers for Q2 are probably going to be crazy. Almost doubling (if not more) revenue from the mills alone is incredible. Then add another mill. Very impressive. This company is doing all the right things with their money here. The last thing they need to do is become fully reporting and get everything audited, and the market correction would be amazing.
Honestly, I think 5k in 3 years would call for some severe economic downfall or inflation. I could see 3500 possible. If Goldman Sachs and other large firms actual start buying up gold reserves (like their recent purchase in Ecuador), then perhaps 5k due to severe market shortage. A 3 yr trend level like that, with a commodity such as gold, just seems a bit high to me. I hope inflation doesn't push it that way, personally. I wouldn't mind seeing GS and other large firms start a bidding war on this company and it's subsidiary. I would more hope for NWGC's continued increase in operations and expansion lead to acquisitions of more producing properties, on their own, before that happens. Then NWGC could say no, but their value at that point would be a great deal higher than it is now. The ROI over a few years could be incredible.
Break those large block buys into multiple smaller chunks, if you want to slap the ask and move her. Otherwise place bids up and over, to compensate for lack of ask size, and to keep the MM's from short selling more shares at lower levels.
Oh damn, news! Gotta recalculate.
We had that suppression on Friday pretty hard, so looking for a short attack out of the gate (coupled with wash traders), looking to push it to .011. Probable recovery by lunch, but have to see how our volume does after the weekend. Looking for the finish I wanted Friday, after another draw through lunch. Have to see how hard MM's are trying to fill, and how many they need. What I am hoping for - a strong hold up and short squeeze this week.
GM all! Any guesses on the price action today? I have mine, just wanted to o see what everybody else is thinking.
Does it have any sweeter undertones from the honey and milk lined casks? Basically - would women drink it? Women are a rapidly increasing demographic for alcohol in America, so wanted to see if they were doing anything to cater to them, specifically. I have to pick some up yet, but probably jumping in on this one this week. Want to get as much info here, before I call tje company Monday. Thank you for your input!
I can understand 200-300% conversion on toxic debt, but 1000% for some of the Braeden and MSF was just crazy. Even Vanis' note held a 200% conversion. I am glad that that clears everything, but with the new conversion terms of Series B preferred stock, there is a possibility one or some of them converts at least a small portion of their notes. Even if they converted some, they still could easily maintain a significant stake in the company. Don't get me wrong, I still have stock in this, but wanted to hear everybody else's thoughts.
Have you tried the product? I don't drink much these days, but I do want to know if it just tastes like other vodka, or if it sweeter from the honey, is it smooth, finish nice, light/strong burn. Just need to know if the product stands out from the rest. I know how quickly vodka can sell. Do we have a Pinnacle vodka story coming, or is it even going to sell after initial product launches?
That last half hour volume should have pushed this much further. Some serious MM suppression. I think the naked short numbers may be rather high again.
Multiple small slaps to move them faster. Only walls need to be torn down. Fake 10k asks get pushed by rapid small slaps.
MM's keep backing off the small slaps...
ASCM keeps running away.
No liquidity on low PPS, time to give in MM's! Push her back where she needs to be. We should be in line for a .02 break next Wednesday, unless news comes earlier. Looking for a push around .016, flutter back to .0135 again, before a break over .017 (that should bring the volume surge we want for .02). Watch the MM games and shorts, though. They weren't very successful this week, and they could be pretty upset about it next week. As long as everybody sees it for what it is, and doesn't panic, though, we should be fine.
Nobody wants to sell again. Have to move those bids up to get some liquidity again. Waiting on the break. :)
Just a little more time before the real party begins. I expect serious play here in about half an hour. Then a crazy fight as shorts cover, and flippers sell, for about an hour, and the last 30-45 min to push us up into close. It is looking great right now, but I think this could just be the preview.
It seems to be because the MM's are also out of shares. ASCM took the charge in the shorting game, and then it looked like NITE sold shares to ASCM to cover him, and then Etrade cycled into the mix. Now, we just have to hold the price up and force their hands in buying back, or suffering failures to deliver. They are trying to make their money back, but this stock just isn't staying down enough for them to collect. IMO, of course.
That short sale this morning and the excellent hold up on Wednesday threw normal cycles off, but should balance well for the end of week closing. The .0158 mark would bring some, but we need to push through .017 to get a nice surge. (Looking for that Monday afternoon or Tuesday morning gap up.)
They also notice how many shares they can cover. This stock has not been good to shorts. It holds up pretty well through quite a bit. Not many wanted to sell, and I think the ones that wanted to already shuffled off. I don't anticipate too much of a short attack in the afternoon. I expect covering and some weekday traders that bail on fridays. That's just me, though. Also try breaking large block orders down and hitting the ask rapidly when they try attacking. I think anything running algorithms on this (and most of the otc) puts a higher priority on number of pos/neg trades, rather than total share count.
Looks like full consolidation in retail's hands is over. Afternoon should bring a storm, and hopefully a push to .0158.
Nobody cares about the conversion rate of the notes? Some of them see quite ridiculous.