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Whoever dumped that nearly 5 million shares didn't think it was time to buy! LOL. They also must not have believed it will go higher.
Someone believe that nearly 5 million share dump just now was retail? Maybe that new adviser just got paid? LOL...That dump hurt!
Isn't that type of news drop so typical for $ATDS. No details just enough to tease and plant a seed for the promoters to hype it up. This is about to get interesting if it is true. I wonder how someone buying in affects the shareholders equity. Again, much as the doubling of the authorized shares, how is this done without a shareholder vote? Maybe a different dilutive tool such as the Re IPO Birch mentioned earlier today.
I hope that they are done with the dumps. It came heavy yesterday at the very end of the day.
I see... Is that lady holding up something like a $6000 check. Jason just may have sold the company!
Funny that something like that would be leaked on one of these platforms and not officially. Especially a named twitter account. I bet those that loaded up big right here want to take a mulligan. LOL.. congratulation to those who sold into it and managed an exit.
Good luck. I am happily and observer at this point. This stock is great entertainment.
What the heck does that mean? Cash partnership? I would assume they assume a level of ownership at what price per share? Same as dilution? Very confusing. I guess like the doubling of the authorized shares, Jason doesn't need a stockholder vote for anything.
I believe that it is safe to say that no one is shorting this stinky penny. If it was easy to do I would have shorted this without hesitation and made money on both ends. I also wouldn't be covering here.
I don't know. Given the history, if it moves without a PR it is a selling opportunity if you need it. there are some people who believe that they can pick the bottom for this stock and then buy in large chunks. This is enough of a catalyst if enough traders here believe that it is oversold to get a pop. This is normal fitful behavior in my opinion especially when it reaches previous support. This is where it leveled out before the July promotion blitz. Many will believe it will again despite the huge share dilution recently. If this support area fails, it will so dramatically in my opinion.
It appears that they don't want to push it below .02. Wondering if they aren't just letting it up to breath to let the bid build above .02. I don't believe retail in anyway is controlling this at the moment. We will see what they dump into it toward the end of the day.
Sure they have had millions to lose. Tens of millions in fact. All that shareholder money over the years raised from selling new shares has been lost by poor business decisions and fat paychecks.
I also wouldn't call revealing negative DD bashing the stock. We normally have evidence other than just negative statements. We read the tea leaves here and trade accordingly. Perhaps we help accelerate the drop to the extent that these boards can, but it drops because of the fundamental truths.
Perhaps we have also damaged the ability to flip this as well thus shooting ourselves in the foot. None the less... This is a money game and hopefully in the future the company isn't the only one who can make money from here selling shares.
Nope, they won't let it. They will reverse split again if it gets too low to raise funds. Then people will brag about the low share count. When it split at the end of 2019 at 1:750, I'm sure the line was how cheap it is relative to the 9 million outstanding shares. Sort of sad to see your pessimism at this point. Look at it this way, if you are able to accumulate a couple million or so at around .005, and they can manage a PR pop to say .015, that can be serious money. So cheer up!
It sounds like you and I are getting in sync here. That is my conundrum when I set a target of .0075. Is there a potential catalyst in the pipeline that can make this pop a few cents again. Tell me, if a new acquisition wont do it, what will?
The people at $ATDS want to continue to cash those fat checks. They will get the price up even if they need to reverse split to get it done. Look at this CEO's history. He is not shy about destroying shareholder value.
Take a look at that 10 day chart here. The downward trajectory is steeper that I thought it would be. With the 100 million plus in new shares sold since July, I though it would get more averaging support which would in turn attract more newb buying.
They are losing millions each quarter and do nothing without selling shares. Where would get the cash from and why? Shareholder value has never been a concern for them. The ability to increase the authorized shares is what is important. They aren't going to sell the company. It is a cash printing machine for the CEO and his wife through the selling of shares. That doesn't make it attractive to a legitimate buyer.
It is hard to say how long they will be available. They won't stop pushing new shares out until they get what they need. Only then will we see what the damage is. Don't let that 10% green number this morning fool you. They can take that out with a single dilutive trade.
Everyone should get behind this train and reeaaalllly push. Company might just drop a million shares in your pocket to pay for lunch.
As long as they get the bid to build for a million or so they will dump into it. So keep your power dry and don't chase it. They obviously do not want to push it below .02 but it won't stop them if they need the funds. What it is for and how much they need is anyone's guess. They are dumping again this morning and it is so obvious. If you want in, put your bid in on the low, Your Orders Will Get Filled! I'm hoping to get my average and get the hell out of this right now. Typical OTC pattern, dilute with abandon and then schedule the reverse split. The dilution will destroy the future run potential for this ticker.
See all the dumps this morning?? Get the picture. Crazy obvious, Do not chase this if you want in.
"Powder keg still on stand by." It does sound like you have been blowing up your portfolio with this stock. Save that money for the next run in a month or two. We will buyers badly.
They got conned if they accepted any shares in the deal. Shareholders have have been getting conned for years.
No doubt that your order will get filled. There has seemed to be an urgency since .04 of this run to "Get In!"
This innuendo of am major player, up listing, yada, yada has run its course. they plant the seeds promoters on these boards use to keep the interest high while they dilute the living crap out of the stock. I unfortunately hold a decent size at a good average but enough is really enough. They are in desperate need of funds for some reason. Everyone who wants in right now... Just lay off the bid and watch it drop and it will. When your cost basis is zero they will simply just sell more shares. Someone explain to me how a company who strings traders along on half ass PRs and then heavily dilutes is any different than a sham pump and dump company. Sideline your money and let this crap drop.
The company is hammering this relentlessly with the dilution. I own this but people should just sit it out and sideline their bids until it changes. They will drive this to a penny if they can't get the funds that they apparently need. No other explanation for it. Shamelessly disgusting!
Patience is a virtue with this one. It isn't enough to wait for your buy price. Here you want to see it settle there and burn it in. Good luck.
Only if it doesn't go up. The company will try to run it up eventually when they need funds again. I got a chuckle out of your post though. You probably put the order in way back when it was trading at like, what .02, .03 or so? Thought that it would be a steal at that price. Now it triggered your fantasy buy but makes you nervous as it should for this company. Been there myself. Don't worry, others here envy your position if it is all you have since they are really underwater.
A couple of million share dumps this afternoon. Either raising funds still or someone on the retail side is taking a bath. I suspect fund raising. Get your bids in, looks like you will get filled down to .0075 or so. The company doesn't care what they get for the shares they just adjust the volume accordingly.
Filefacets unloaded their dated product on $ATDS. Its time has past and they know it better than anyone. In fact it couldn't have cost much since $ATDS who has nothing but penny shares to sell could afford it.
https://www.softwaresuggest.com/us/filefacets/alternatives
Correct me if I'm wrong. But saying that this is filling the last gap is the same as saying that it is back to where it started before the mid July bounce. This has now pretty much made the round trip.The question now is will it hold the previous support. Cross your fingers that it doesn't repeat the lower lows of its past.
no one said a week. The promotion started mid July. They have nothing but shares to sell and this is how they bought the new stuff. What is impressive is that they only started the year with a bit over 9 million shares outstanding post split.
Quote;
"The company dumped at least 125 million new shares into the market during this last promotion."
The company dumped at least 125 million new shares into the market during this last promotion. The remaining authorized shares aren't attractive. Current holders to not want these shares to be made available.
Flippers aren't dealing in micro pennies. When you are accumulating in the penny and sub range at a 100,000 shares at a pop it is very easy to end up holding a million shares. When it pops a penny and two that is good money in my opinion. May be scraps for others but I love it.
I only wish that there was an easy way to short predictable stocks like this. I would love to make the money on both ends. If I were shorting this I wouldn't be covering at the current level. You may not believe this but those who short also add liquidity and support for the stock. This reasoning is why it is legal.
Flippers added support and liquidity when they buy in. Traders buying in at .01 looking for a short term gain is what supported this before. Those people will go away if the stock isn't able to demonstrate an ability to move on news. And I don't mean in the opposite direction as it did with the latest acquisition PR.
Liquidity refers to how easy it is to buy and sell shares. Flippers represented a large group of buyers and sellers here. You know who doesn't contribute and gets a free ride all the way around? The company, the single biggest seller here. They are the ones removing liquidity because they are only sellers. You need a huge volume of buyers to support that which is why the price declines as the outstanding shares increases without supporting catalysts.
Base end of year price speculation on tax selling. There has to be a huge number of unrealized losses here by those who have probably done well elsewhere. Again, look at the YTD chart to see the carnage.
I agree with that. If the quick bump potential is lost so will the interest in this stock. The company has a cost basis of zero so they will get their money no matter how it trades. They ran the outstanding shares to 7 billion before the last reverse split so they aren't shy about selling shares. The only other people making money here are short term flippers and that is an indisputable fact. People don't like short term traders but they do add liquidity and support for the stock. If the possibility of flipping is taken away by their inability to promote the stock, then the only support would be for holding long. No appetite here for being long given the history other than from true believers who are few. Note to promoters to dislike short term traders, without us there is no predictable bottom for this.
You have just described the holders of the 100 million plus new shares dumped since mid July. That represents a lot of new holders with potentially weak hands and short time frames. The company won't be attempting a new fund raiser for a while. I don't believe they expected the last acquisition PR to fall flat.
Yes, we need all the promoters to hang in there or flipping this won't work. The company better give them something real to work with going forward however.
Nobody joined $ATDS, they were bought. Another acquisition to add to the mix of failure. Why not, shareholders have always been eager to hand their money over.
It is going to be difficult for flippers to make money here like before. I believe the story is failing now because it is repeating. They better bring some imagination to their stock selling game because building a business is not their forte.
LOL, I have doubts about my buy price of .0075 at the moment. I will have to believe that his could pop to .02 or .03. Sad really that it has gotten to this. I can promise I will never become a "belieber" or promote this however! These guys were good at promoting in July and attracted a huge volume for the fund raiser. It appears now that it has been over done and they they have gotten tripped up. Hell, this would pop a penny or so if they simply posted something on linkedIn before the July promotion. They tried too hard to raise funds, now people are wise to game like never before. Just once again, my opinion of course.
You know, I share your thoughts on this. The lack of action suggests a level of irresponsibility that doesn't fit the history of this revenue generating enterprise. These aren't foolish people and what is happening must be by design in my opinion. Now the outstanding share level isn't huge for this company given its performance and that it is an OTC stock. I must confess that I am holding large as many others here. Point being that it wouldn't take much for an entity to buy up a large percent of the holdings that aren't being held large by individual traders. What this means in terms of a buy out or path to privatization I can't say. The question I would ask is this. If some entity wanted to take this private and purchased a large percentage of the company on the sub penny cheap. What would they pay to dissolve the rest of the ownership? I don't have the answers to this of course so its just a view to add to the speculative conversation. Fact is, speculative conversation is all we have at the moment.
Yeah, get your bids in between here and .0075, they will likely get filled. good luck.
Companies like this do not fail easily. You increase authorized shares and sell them to keep the doors open. When that runs its course you reverse split and do it again. That has been the playbook here. No need to file for bankruptcy because from what I understand no one will loan them money. Who needs creditors when you have so many shares to draw from.
Actually using the authorized shares number? Use the actual outstanding shares number and calculate with the quarterly losses to arrive at what this really should be trading at.LOL... what do you think this will be trading at when the outstanding shares is 1.5 billion?