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And we will find out soon with the court date.
Until then we are the play things of greed and fear
And that is short argument
Then I am wrong. But the 8B were (as I understand it) issued toward the end of the stocks grey market status by the former owner and not part of the trading on the stock. Which means they exist but are not part of the market
As I understand it:
Illegal Shares issued (8B)
Illegal, maybe, but still outstanding and the court needs to account for them.
Custodian raised the share structure to cover the shares
Court asked for the illegal shares to be claimed. Since they are illegal no one does.
Court grants control to the Custodian
Custodian cancels the 8B shares.
Those illegal shares have to be accounted for the by Court. Either allow a period of claim (which is what is being done). Or (and the following is my guess) bring the people into Court and show proof they are illegal (year or more of effort). So give the court what it wants.
This is my understanding and may be wrong.
Will this happen. I hope so. But it is a penny stock.
Here is a unique concept. The company actually say what is going on. Radical I know.
Front loading or dumping. Since we haven't heard from company about anything for 10 months, who the heck knows.
The ride the other day was fun
But if I was watching this all day with L2 I might have tried a swing trade myself because it leapt on air.
But I purchased my shares waiting for share structure and then finding out who the new occupant of the shell will be. So far, so good.
Nothing in that has changed.
GLTA
Gotcha. I guess a fitting way for a man named after a psychopath to make money.
We are going to get beaten like an old rug till the share structure is formally released.
Why a pump and dump? The original story has been the creation of a clean shell that could have a party interested. Not only has XMET stayed on path, it has been moving along the path with alacrity. No, big PRs coming the company. It is the Penny World with no guarantees, but it doesn't have a smell of a P&D --- to me at least. Sticking to when the new occupant of the shell is announced.
An inscrutable Stock.
Feels that way. But many Penny stocks are going nuts. So who knows.
So some clever MM broke through several stop/loss points.
Wow. That is nasty. But no one said the pennies couldn't be brutal.
There is a line that says Social Media. If you don't mind answering a question, what does that cover?
LOL.
Great minds blow their cash alike.
Bought a bunch of lottery tickets on my way home to see if luck was transferable. Nope.
Ending strong with almost 2B volume.
Beyond my experience.
GLTA
Holding nicely. 2B by EOD? Wow for sure
Hitting a Billion in two hours of trading?
That ought to show up on some screens. LOL
Coughed up my Coffee on the Schwab screen
This seems way beyond flippers
But isn't there one more step after the establishment of the share structure (and since this is pink "IF")
Got it. Thanks
I feel ashamed. But I have no idea what you mean. T1 is settlement. But what does the rest mean, if you don't mind.
Too much time on my hands I guess with the holiday.
But I asked myself why buy on a 1/2-day Friday of a Thanksgiving Weekend.
1)You know something about next week? So you have to buy now.
2)You want to buy without losing control to the Flippers (many on holiday maybe?) And you will try other ways to accumulate next week without seeing the stock lit up.
3)?
1 and 2, These would make for two different types of Monday buying.
But I do assume that somebody bought a boat load that knows what they are doing.
That is what I assumed. So the time line for the stock is now getting fairly short. And since it is a penny stock, IF.
With today's action, shorter by the minute.
Thanks
Re: Timeline
Is that not determined now by two events: 1) Share Structure and 2) How the shell will be re-used.
If that is correct, that does not seem far off given how quickly the stock is being processed by the custodian
Am I wrong?
Back to inscrutable, I guess.
Not claiming victory. But will have a good stiff Jameson 1780 tonight.
I thought today would be dead. Somebody(ies) think they know something about next week, I guess.
May have to revise my Christmas plans. Some place warm. Sunny. and a gentle breeze coming off the water. LOL.
How confident are people in this number?
Your lips to the good Lord's ear. But I am not spending it until the IRS says I can. Thanks for the optimistic thoughts.
I hope the optimistic ones are correct.
But I feel Mr T might say "I pity the fool" for owning BNGI.
When/if an announcement is made(and so far so good), a holiday week would be an unusual choice. Big announcements would seem to want most people thinking about business and not a holiday. IMHO. We will see.
LOL. Why not
I feel the same way. Got some today. But the way this stock gets beaten like an old rug, and how twitchy many Pink investors are, I think there some new opportunities. Let the GAMES begin.
He did put on a pretty good pretense as an honest spokesman for the Company. Maybe a few pointers from a fraud would be interesting.
thus spake zarathustra LOL.
This stock has hit all its points toward the end game (I said "game," whoooooo). So I will play it out (I said "Play" WHOOOOO!)
Could lose, but the ball is in the stock ownership Court. Hope for a Hole in One. Could be called out though. Maybe it is Third and 9. Hope for Homerun. Settle for a Triple. But I will keep an eye on the Birdie. Let's hope the ownership doesn't kick the can down the road.
I wonder what game will be played tomorrow?
Is something wrong here? Or is this a sophisticated attack on the stock. I am betting the latter. We will see.
Do I know this stock will work. Na. But each marker, each stop along the way has been met--- and more quickly than predicted. How else can you judge a Pinkie?
Upshot is. Damn I wish I had some ready cash in my account right now.