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they HOPE in a bounce, but in my experience when dilution is so brutal it's better move out
Bottom plays in pinkieland is a very risky business, you think it's time to buy and it's still too early..
common trading rules and practices here doesn't apply
maybe not in one day, but i won't touch this until it's fully diluted
Buying now is a suicide
Someone bought 90000 0.065 = 5850$ at 9:33:56 and sold the same block at 9:50:42 0.01 = 900$ losing 4950$ in only 17 minutes..
Welcome in pinkieland..
I totally agree. They let it go a little and then a new round of dumps happens..
No hope
Another brutal diluting machine in scammyland
Bounce ? Maybe, but wont' bet on it.. VNDM has plenty of shares, still a long way before bloodbath is over
so the deal didn't go through ? LOL..
paid bashers vs paid pumpers.. who will win ?
No, i'm trying to bail out too
No, traders realizing no bid soon and trying to bail out
Where is volume ? Already Dead ?
Actually last days dilution stops.. but it may restart at every moment, it's useless to tell everyone about shares dumped, it's all over OTC market, they're all scammers
WGAS, as many others, is a bet, nothing more
I agree.. In penny land it's impossible to guess where is the bottom..
In this case, IF dilution is being stopped for at least 1-2 weeks, WGAS may run hardly, of course IF
Until now 0.0002 bit is still intact, shares dumped today simply disappeared
it's not a sell order, it's a BUY order
Of course, no broker in the USA or Europe would allow it
But open an account in some Carribean country (provided you own at least a million dollar) and they process all the orders you want
So your theory is that a MM throw away 3850$ to PAINT what ? a +50000% ? what's the point ? Look at the charts of OTC market (especially TOPS % gainers of the day) and you can find easily every day non-sense trades like this
i totally agree, pinksheet is a wild deregulated market, if a MM is bag-holding shares it is very happy to discard them on some idiot, this is the reason my broker doesn't accept market order in OTC, you never know if the counterpart is honest
seen many times in last years in OTC market
but that order was too absurd to be manipulation.. if you use accounts in USA or Europe you WON'T be filled over the ask (there is a long chain of automatic checks), but using some asiatic or carribean brokers they ACCEPT every order, they don't care about customer safety
if level 2 shows 25000 x 0.154 = 3850$ that money is REAL, DTC doesn't allow fake trades, maybe a phone order to some inexperienced employee in some obscure Virginia Islands bank playing with level 3, who probably has been fired overnight for this dumb mistake but the money is REAL, it's responsibility of market maker to reject orders that don't comply with regulations
That's true in NASDAQ stock, but in pinksheet it's a quite different story, so many times i've seen MM "jumping" ask orders
Trade accounts in USA maybe have some form of protection about errors, but other accounts in fiscal paradises are not so "friendly"
i could post a lot of charts of "errors" in OTC market, and whether or not the money is given back, it's matter of fairness of your broker
and i assure you, in some part of the world brokers are not so honest..
Sometimes it happens.. Someone type the wrong ticker and got served.. Market Makers are very happy to give away shares at 50000% higher PPS
99% of stocks on which Asher dumps shares end tragically to NO BID
I absolutely avoid EVERY stock in which Asher is involved
Asher is one of the worst toxic financing you can get
level 2 shows the classic "shares from nowhere" situation, now MERQ is selling 20 millions, definitely dilution..
Wow, massive volume today
another bloodbath coming.. VFIN already on ask
Same old story.. until regulations permit free dilution in pinksheet there's no hope, good or bad company, greedy CEOs will dump on shareholders. Of course, it's free money, why don't take advantage of that ?
UBSS flipping 1 penny, LOL
clearly he bought 0.17, now selling 0.18.. monster gain = 170$.. great trader
Next week it will run hard, very bullish signal on the chart
if this breaks 0.3, dollar land is likely
No bid, as many other ASHER victims in the pink market
most of the time the problem is simply that the "merger" or "acquisition" is too expensive for a development stage company, so unless the company really owns a incredible breakthrough technology or something unique the deal won't go through, it happens 99% of the time
maybe some CEOs hope to get financing by dumping shares on the new suckers but rarely they succeed
post #7462 - letter from the CEO
Every scam in pinkieland has the "letter from CEO" phase. Funny..
After the "letter of intent" phase
After the "wannabe merger" phase
After the "huge revenues expected" phase
After the "promising future market" phase
After the "company in development stage" phase
very funny..
When a news pops out.. But i don't expect a run to 0.003 again, maybe 0.0015-0.002 area, unless a real merger takes place, which would send GRAS to the moon
This trades like a 100-200M stock, only a fraction of the OS was traded
to break 0.0016-0.0018 needs volume, till there, not many shares
GLER is not worst or better than the average pinksheets stock, it's just trading, of course it's not a lifetime investment, so relax and trade, fundamentals here don't matter
OK, but GLER will be pumped before 28th of June, definitely. A/S increase is useless at this level, R/S or not.. So expect a major pump
NITE badly needs shares, suppose someone here shorted too much.. Level 2 is getting hot
in this case, induced fear
of course, there's no point in increase A/S without a major pump..
people helping shorters cover, better wait for unavoidable bounce, daytrader don't care about things that "maybe" will happen in the next months
Weird, usually they increase the A/S after a big pump to dump on the top buyers and create a bunch of bagholders..
Ok, but at current PPS it's impossible to dilute 3 billions shares, no bid will come way before.. So what's the point in A/S increase ?
i bet they barely could dilute a billion..