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Why do you think the rule caused this bloodbath?
By the way most people here think the price drop is mostly from the AS increase. But I see it happening to lots of stocks. IMO even if there was no increase we would be seeing at least 0018 today. Whoever is reading this message, just look at other OTC stocks, down just the same as MSTO
IMO it's in shareholders best interest not to announce it because it would cause aggressive and sudden selling. Price may have dipped to .0010. Smart to tweet about it later IMO because it's not only NOT a bid deal but a necessary move.
Schwab and Fidelity have free OTC trading, all others have $5+ fees for OTC transactions.
Couldn't be happier with those reasons for the A/S increase.
Market cap only 1.1 million right now.
Obviously buying isn't the real problem it's simply the lack of market makers and seeing true quotations
Some, not a lot. Will still go up 200% if the stock loses unsolicited quotes status and MM's come in. Most people will be able to buy with select brokers only allowing pink current. I have no problem buying with eTrade and Schwab
Pink Current would be very nice but we only need limited with solicited quotes to fly at least 200% from here.
It's not dilution it's manipulation by market makers, they are doing the same thing with 95% of OTC stocks because there's no buyers yet. Preparing for a big OTC run Dec or Jan
Like I said, I believe the difference is a simple setting somewhere for L2 how it's displayed, and also a difference between OTC and NYSE/NASD. If it says "K" it is the exact # in thousands. If it doesn't say "K" it's probably a lot of 100 (x100)
Says 3 means 300, not 3k means 300k. Must be a setting or something because the fact is if it says 15k it's 15,000 shares. 500k = 500,000 shares. I don't care what any documentation says I know what is and what isn't because I trade it every day.
Ok but I'm telling you it's not x100 except maybe for STXG
No, that 15k ETRF bid at 0024 is actually 15,000 shares. You see now it says 30k? I just bid 15k shares at 0024 and it added to ETRF.
STXG is different. That always shows 10k (on Etrade) because STXG is a diluter and has hidden shares. When he or select other MMS are on the bid or ask I don't believe us retail can ever know how many shares are there. But they move off the bid or ask as they please once they receive or sell enough shares. I noticed for MSTO, STXG usually has tons of shares, but he has not been a problem for a long time. ETRF, GTSM, CSTI, CDEL, OTCN I believe have accurate counts.
I'm on eTrade Pro and have been trading MSTO for months. There has never been more than 10 million on either the bid or the ask that I've seen. In the past weeks as it has been dropping, haven't seen more than a few million on the bid or ask. Currently less than 2 million on the ask. So that 100x thing does not apply, it's simply incorrect. It might apply if the bid or ask is only 1000-5000, then x100 is 1 mil - 5 mil.
None of that sh** matters even if it were true. All that matters is that the share price is super low, and when they go pink current or even pink limited with solicited quotes, people will run the price up 100% minimum very quickly, making this an excellent trading stock and excellent low risk high reward buy right now.
LOL I put order at open for 0013 and got filled at 0004
Very true, they have brought down 95% of OTC stocks to 1 or 2 year lows. They will bring them back up when retail money starts coming back to OTC (December-Jan)
Yes he will be back, but this is just an indication of whoever is behind the selling through PAUL believes the stock needs to take a breath.
Interesting... PAUL is sitting way up at .10 cents. Seems he doesn't want to sell right now. NITE and STXG (other possible diluters) are in the 0050's and 0060's.
I think maybe our twitter guy died from Covid. Just a guess
Market makers shorting entire OTC. But December will be a big rally as usual. I think they are preparing for a big month or multi-month rally by making as many retail sell shares as possible before they jack the prices higher to force buying at higher prices.
I'm bought big and buying big more
Lots of pennies got yield signs a couple days ago. It's probably just a simple form related to new laws. Quotes are not unsolicited so all is good, some companies have yields with unsolicited quotes and you can't even trade those as they drop to trips, good thing that's not the case here and this can trade normally.
Market makers have been bringing down all penny stocks last few days. I just got 2 mil 33's and a couple mil more under 0038. These low prices won't last especially if the company puts out a positive tweet or news.
Really, I thought after low teens comes dollars? Thanks for clarifying
It won't be enough. 2 times they said "DNRG" in that PR. So I decided to sell shares 20% less than my previous target because of that.
Patience to wait for lower prices to buy will pay. This will get no traction as they keep secrets of their business dealings and total silence.
I've owned and traded this stock since it dropped from .03 to .015. But most penny stocks in the past year have had a run of over 100% except for XTRM
I've been saying that for over a year, so sick of this stock.
No change in anything here, and no communication about secret business dealings and splitting off a new company North Star Developers.
That's for 9 months of revenues not for Q3. If you total the previous quarters, Q3 was about 4 mil in revenues, so basically the same revenues
Most companies are at net loss and operating loss. Even the ones with net profits are undervalued and don't move as you would expect. The stock will correct, can't go much lower because market cap is far far below revenues
Yes net loss but still profits from revenues
Nice revs on 10q. This company has 40 mil annual revs with profits and only a 2.5 mil market cap. Dropped big from .20-.30 area, it will correct as it's way undervalued.
Who cares?
For loading
There's still going to be plenty of catalysts, especially the second film deal featuring the A-list actress. Most sold because they thought the recent news release was it. Once they name drop the actress (supposedly #1 in the world, but even if she's top 10), the price will go back up to resistance levels.
New Tweet out clarifying there's still another deal to be officially announced with the A-list actress:
"Dear Valiant Eagle Inc. (OTC:PSRU) Shareholders,
My team has received aggressive emails on the reason that the A-List Actress wasn't mentioned in the press release today. Please note the word "Another" from that previous tweet:"
Dear Valiant Eagle Inc. (OTC:PSRU) Stakeholders,
Providence Films, has signed ANOTHER major deal with the aforementioned top-tiered Hollywood Producer. The project focuses on the fascinating life of an American socialite, novelist and painter and will star an A-list actress.