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The original idea of a custodianship was from April 9
You are telling me it takes 2 weeks to update a case docket information?
Are we in 2001 or 2021?
I mean George ran one from down here to dollars, this not enough for you?
I mean, you have to think someone doing a custodianship will have shares and a rough idea of the opposition before publicly announcing it.
That post is about another stock.
Also note that he is saying that CEO is issuing shares at this time.
That is therefore a disputed custodianship.
Maybe this week if float is locked.
Trading on Tuesday was showing signs of that.
Why do you think the stock dipped Monday?
People holding for years sometimes just want out.
That's overhang.
Just because you read the news and want to hold doesn't mean people stuck with something worthless for a couple of years will also read.
We shall see if someone is still wanting to get out tomorrow.
If not, float might be getting locked and we see a jog to $0.10s and more.
I think you mean this year.
But yeah, most stocks have a odd bump a couple of months before a far larger one.
A smart custodian would already have an idea before they get started and have a position.
Good ones may even be in discussions with those with large share blocks. Someone was ready to unload here.
Let's see whether there is more overhang tomorrow ...
If it is done and there are still buyers, we may roll like RGBP has recently.
This was filed in Washoe. Case information will be online.
Paste the case number below to view.
https://www.washoecourts.com/Query/DetailedCaseSearch
Case Number: CV21-00710
Edit: Not much here for now, this is simply the record indicating petition has been filed today.
Notice this was filed at 2:50pm?
And when did volume start to pour in this afternoon?
I guess someone read the filing and also bought in.
Getting there, we shall see.
If filing of custodianship petition gets posted we might see another bump.
Does Sharp have history of one day wonders?
It seems interesting here.
However, is it done churning through overhang and is there really enough willing to hold?
If we see filing for custodianship today, will this see more buyers and holders?
Wonder if we will get a pump here now that we are past the 6 month period?
This is the guy who got HMBL (was TSNP) up and running.
That went from $0.000s to $1
People are hoping for something similar here.
Better to post a deal on Monday vs. Friday.
Many people don't trade on Fridays.
Need those bodies to overcome shorts or to soak up dilution ...
Yes. And when you buy and sell before shares settle, you are selling short.
Dilutors hit the stock yesterday but seem to be chilling today.
Might be time to grab a few.
LOL.
Give myself 1 Billion shares years ago and cancel 470 million.
So generous I am.
Didn't even hit $20 million in volume all day here. Compare that with TSLA which has $20 million in volume almost every minute.
A large short would be wasting time here.
Not even $20 million in volume ... not enough liquidity.
Nah.
No point in shorting OTC stocks.
Rather, it is too risky for the reward for me.
Not saying you can't make money on OTC stocks that are forever diluting, but to say that it's some mystery short is niave or bordering criminal if you know there is dilution and claiming that it is some mytery short.
Also, you know what PIPE financing is?
I am happy to buy in lower. I am not niave to think it is just some short keepijg the price low.
The main purpose to go current is so that shares can be sold.
I saw your stocktwits posts.
The price has stalled during the process.
I guess it's just dirty evil shorts on OTC stocks.
No such thing as financiers wanting to cash out.
Just keep buying as the financiers are honest people. They never sell shares on big volume days. Never.
March 17 filing show 4,389,224,385 unrestricted shares.
OTC website shows 4,801,724,385 unrestricted shares.
Difference of 412,500,000 shares.
High volume and no movement in price.
If that doesn't indicate dilution, not sure what you think is?
One day change doesn't mean much.
The company has gone current and since then 400 million shares have gone from restricted to unrestricted.
Today's news brought liquidity to the stock which helps sellers.
If there is enough buyers, the dilution will be soaked up and we can run.
Claiming manipulation from shorts on an OTC stock is foolish. Impact from dilution is far more likely.
If you can buy up all the dilution, then yeah it will bounce.
Pretty much all OTC stocks run because someone stuck in it wants outs.
Believing that shorts are manipulating an OTC stock for $5-10 million is ridiculous.
Easier money with lower risks to be made elsewhere shorting.
I am a retail trader like you. Thinking that some mystery short is manipulating an OTC stock is dangerous.
High volume on news and no to little upward movement is indicative of dilution.
Look, the company went current 2 weeks ago which means that restricted shares can be sold into the market.
Ascendiant Capital does plenty of PIPE financing ... that's convertible notes.
Have not encountered JANE, but I know ASCM does conversions for convetible notes.
Do you know that going current allows restricted shareholders to sell shares?
They went current and now the share price stalls.
Must be a short I guess. Not the company went current so someone could sell shares.
Keep it simple, let's say that the dilution was 500 million shares at today's $0.0228 (average price) = little more than $10 million
If it cost them $200k to go current and another $100k to promoters... there is a solid return to be made.
The price going nowhere with high volume is a warning that dilution may be happening.
Dilution Bruh.
Buy all the converted shares and the price stabilizes.
Investigations?
The CEO already knows that debtholders are converting ... just because you don't know it, doesn't mean it's not happening.
If you think there is no converting with this volume and lack of movement ....
Do you want to buy a bridge in the desert? Goes over water pretty good in its current spot.
This much volume and lack of upward price movement likely means converting.
If they run out, may see a bounce.
One can hope that it's close to being done.
Pretty decent.
Just be aware of April 20.
Because they are current it means the restricted shares from the transaction can start to hit the market 6 months after the transaction.
There is a reason why it has gone current.
4 billion reasons.
Wonder how many people have simply put this on watch?
So much volume and little movement likely has some discouraged.
Wanted to clear iBox intro, anyone else want to update more than what I have?
Frontloaders had one job.
Maybe things get turned over in a couple of days.
All it took was this post and then I see a good size bid.
Fun couple of days if the news spreads and we get a few good hands.
Get a few 100K bids that don't get smashed over $0.02 and this starts to look interesting.
Filings say float is 400 million.
Just hope it doesn't come to market before it hits $0.51
Board is quiet as people are likely loading.
Good $ volume as some people get taken out.