Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This will slide back much lower so White Lion can load more shares. Expect to see an S1 soon to allow for that.
Then we will get heavy news flow so that WL can sell into the big volume again.
Sounds fun, right?
Lol. Exactly...
Personally, I think there is still some other force of dilution here. There was another T Trade today for 23,000,000.
And possibly some volume was created to the downside with the new OS today and people finally coming to terms with what’s happening here. It has been massive dilution for many months now. This stock is TA verified so it’s easy to track at this point. And frankly, I appreciate the transparency.
If you want my prediction... I think we go all the way back to .0014 area. Maybe lower. Then we see another S1 and get a flood of communication from Anshu to allow WL to sell into volume.
But savvy OTC investors will play the game with WL this time so the run won’t be as successful off that bottom.
Pretty clear what has happened here with White Lion. Mark confirmed that this is where most of the dilution is coming from.
They have likely already rifled thru the 600,000,000 from the S1.
For those who thought these guys would be longer term investors, not to be...
In the investment world, a quick flip for a 20% gain is huge. They are getting 5 percent discount and with Anshu’s help (funny how the communication increased recently) they are able to turn a quick profit.
They were only able to get 150 to 200 million at a time, but have probably cycled this little game with Anshu 3 times now to get thru the first S1 allotment of shares.
The question becomes... what did Anshu do with the money he got from White Lion? It’s probably close to $750k if he sold them at an avg of .0013 to WL.
If he used that money to clear all remaining debt, I’m totally good with it. I guess we will find out soon enough. But there is no doubt that the recent uptick in communication was to assist WL in selling for a nice quick profit.
White Lion has zero interest in holding this stock long term. Far too dangerous with the volume they are dealing with. Ask Garnock how “holding” worked out for him.
Another large T Trade. More dilution. No end in sight.
Tough day. Likely back to low .001’s by Friday.
Correct. We need more news before the Q or this slides back where it started.
Products being placed and news on how many store placements would help too if it’s a big number.
Not denying anything. Just questioning the timing of all this communication and how it happens during the same time we are in massive dilution.
Coincidence? I think not.
WL got a sweet deal. For them...
Fake News posters? The dilution is TA Verufird and posted on OTC Markets.
Saw that. That explains the volume. It’s all been heavy dilution with coordinated BS news by Anshu to absorb the selling.
Should I start a new count up for TJ Maxx Candy on shelves???
Oops. Never mind. I just saw the new OS. So we went up from 3.7 billion to 4.3 billion in a week.
Are we still in denial about the dilution here? Are we still claiming the WL deal is a good thing?
Lol.
I think we can see now that this is pretty much a flip opportunity between .001 and .003. It’s gonna be tough to go much higher with the share count closing in on 4 billion by the day.
The fib broke when we breached 20. So I suspect we slide to the down side the rest of the week.
Likely to retest 14 area tomorrow or Friday.
Dilution is still winning here.
As for Anshu using an OTC stock promotion... I got no problem with it. About time he at least attempts to act like a Penny Stock CEO and quits trying to be something he is not.
We dilute like OTC trash. Might as well promote like OTC trash too. It will make the stock more liquid and give us a shot at getting out of this massive hole.
I don’t think they got 600,000,000. They could only get 5% of the float at a time, if I recall. So they couldn’t have gotten that much.
If I recall, the most they could have gotten at any one time was 150,000,000 or so.
The dilution is rampant. I know many here want to deny that... but the OS has increased by over 500 million shares in the month of August. That’s verified on OTC Markets as of 8/24, so it’s probably even worse now.
The fib is still intact, but it’s hanging by a thread. I suspect it breaks to the low side tomorrow. Not much follow through in terms of buying volume or news flow from management.
Simple things like pics of candy on shelves or CBD products on shelves would go a long way. But it may still take weeks to fulfill the orders from TJ Maxx and other retailers.
Anshu was all over twitter last week. Is it possible he created news flow to help WL dispose of shares they bought at .0012 area? Who knows. If so, that sucks for us.
We tapped 20 on the low side and it held today. It will take news or company communication for it to hold tomorrow.
If it breaks, I suspect there will be heavy selling at 19 and 18 on down to 14 area.
Then we are right back where we started basically.
If 20 can’t hold the fib breaks. Looking weak on lower volume today.
Today was the third day of consolidation. By Fibonacci rules, we are now able to move to the D.
I think tomorrow is a pivot point in the short term chart. It would be nice to see it break that B point at 32. It has tested it a few times now. Needs to break it on next try.
Other scenario has it breaking the fib at 20. That’s what we need to avoid. Wouldn’t necessarily end the potential short term, but would signal weakness in being able to hold gains. The previous fib also broke but we jumped right back up two days later. So it’s not a death sentence by any means, it it would be nice for this to play by the chart rules for an extended period.
Fib still very much intact. But I’m worried about it breaking tomorrow. I don’t like the action today since lunch.
The fib is holding nicely. One more day between 20 and 32 and we can move to the D.
I already laid out the Fibonacci numbers. As long as 20 holds and we stay in an uptrend, those retracement levels will be very predictable with this heavy volume.
It hit the 62% on the nose and bounced. And it has tested the B twice at 32.
So the fib is in perfect order as of now.
If Anshu continues to pile on the good news and can avoid heavy dilution, this trend should continue for some time.
Excellent day. The 62% retrace held and we tested the B at 32 early in the day.
If we can stay between 20 and 32 for two more days we then can move up to the D.
On a 1:1 move we would go to 39
On a 1:1.4 move we would go to 46
Anything past 50 is parabolic.
Perfect 62% retrace held. And then bounced nicely. A close at 24 is solid. Needs to trade between 20 and 32 for three more days. Then we can move up to the D.
If it breaks 32 in the next couple days, we are still on an A to B.
If it breaks the C at 20, fib is broken.
It held well today.
Got it. Was that recent?
First off... you mean BLF
Secondly... you might wanna find the link to that before spreading potentially false news. Was it on Twitter?
Weatherman called that 62% retrace pretty well.
I suspect we break the fib today. But chart would be pretty strong if we closed above the 62% which is 20.
Coach’s Chart School still has room to enroll new students for the Fall Term.
That is irrelevant. Short Volume is not what you think it is... You might want to google that.
Short Interest is the report that shows the volume of shares being shorted on a stock. It is reported every 15 days.
Bull shit...
That’s the first nice thing you have ever said to me. Lol.
Probably not. That’s for Jim to handle moving forward. The BLC page was fun and hopefully showed them the power of social media. The product is too good to be hiding in the shadows.
Lol... I’m here.
I think we pull back tomorrow. We broke the fib on the previous run from Monday to Tuesday.
With the massive flipping happening here, I expect the same.
The new B on the fib as at 32. The 62% retrace would be right around 20. I suspect we break the fib and go back to 18 or 19 later tomorrow.
If Anshu will bring even more clarity to the notes, I think we could then reverse back up and into the high 40’s or even the 50’s.
Summer is coming!!!
no there is not.
Uh... it’s Golden Knights dude... yes I’m a hockey fan. Apparently you are not. Lol.
Lol. Hilarious.
Golden Vikings...
SMH...
Lots of good news too. Don’t discount that. I’m withholding judgement on the auditor until we see what happens with the Q. It needs to be on time to restore confidence that the auditor changes are not a big deal.
Thoughts on the new accounting firm??? Last time we switched auditors, it caused massive issues with the late 10K.
I certainly hope that’s not the case for this Q3 coming up in Sept.
I also hope that a third accounting firm in 2020 is not an indication of some internal issues.
I’m trusting that Anshu’s reasoning for the switch is legit. He has earned a small measure of trust back from me in the last two days. Now time to follow thru with the store placements and file this Q on time.
For those of you that are into charts. We already broke the fib from the run yesterday. Now for this to be even remotely ideal... We need to hold some of these gains. Would be nice to see this settle between 13 and 15 and not go lower before the Q. Might be asking alot. People who got sucked in above .0018 will be selling at a loss if we dip much lower. And that's probably alot of shares looking at yesterdays volume.
Hmmmm... Looks like a coordinated run up with news so WL could sell today and make a nice profit. Hopefully this holds some of its gains before they run round two of this little game.
OTC... gotta love it.