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They can't trigger anybody else to sell. I think ASCM is alone here. None of the other MM's seem to want to give ASCM shares at these levels.
ASCM looks like panic suppression. They seem to still need shares. Doesn't look like they should get many.
47 M share bid at .002? Interesting...
Not bad at all for a Friday.
100 share buys? Isn't that supposedly somebody needing shares? Nobody seems to have any to give. Good set for next week.
Who is shorting this? A group or a few individuals? Just curious. Haven't seen the usual suspects on here. I think the shorting game is getting larger, though.
Awesome. :)
Try .0099 then. Might not be enough shares at or below .0098
I think a lot of them get triggered when new volume surges hit. That's why on the 3rd or 4th day of volume shorts are able to bring it down easily. The algo expects the draw back and the rapid short sales triggers the algo to run the turn. So if the bulls continue to do the same thing, but on buys instead, we get to control the price. Just a theory, but after watching and experimenting, I think I may be right.
Don't know if anybody pays attention to this or not - multiple rapid fire, small share trades are beginning to determine price more than simply share volume. Looks like algorithms may be set for number of trades to be a higher value of importance than volume of buys/sales. Bulls might want to start killing some bears with the same tools they use to drag it down. Check the L2 action, if you don't believe me. :)
Previous thursday news postings happen after close. So maybe...
Short selling into close to collect shares is not a new trick.
Still seeing lots of loading. Shares are getting grabbed up on the bid whacks.
I wonder how many there were last night?
That used to be true. Now, though, there are groups here and individuals with plenty of access to shorting these. Timothy Sykes sells a program on how to trade both sides of the price. There are now thousands of people that know how, and plenty are going to be dumb enough to try it. With new liquidity and very long runs, it becomes an easy target.
Only ones who do the small share walk downs on any uptick. Can't afford the maintenance requirements for a lot of shares. So, when the bid is open and there has been an uptick, a rapid fire small share sequence of hft bid whacks and you can take the share price down. Without other typical MM signals, I usually expect retail to have started in. Not unexpected, considering the green streak, and such a large move.
Proven by the higher amount of trades being bought off the ask, while the price has declined some. Interesting action also showing up on the L2's. Looks like some retail shorts have shown up.
Interesting action on L2's. Looks like a couple retail short sellers may have joined the party.
Lots of orders went through in the dark again. MM's selling shares to bidders before allowing support to gain ground.
We have some intentional ask stacking going already? Somebody wants to control price.
Looks like news so far is just a pennypickalerts newsletter informing on vol/pps increase. Maybe the quarterly was enough news for this month, by company standards?
Sorry, getting tired of reading useless info that has nothing to actually do with the company.
Please folks, can we keep the conversation on topic and cut the BS? No reason to get caught in petty arguments with ridiculous insults and statements. Intelligent debate is always nice to bring up points others may have missed. If there is obvious evidence that this company is a scam, that is good too.
I just wanted iHub to update theirs with the OTC info. I guess they don't? I am still reading through the otc postings.
Admin, mods, anyone? Can we get an update on PR's to the quote page, for the last 6 months?
There is a ton of PR's not updated to this site. They have even put out a monthly newsletter on progress this year.
Lots of trades going between bid and ask. MM's filling in the dark. Interesting to anybody else? Looks like a load up in preparation for provision of liquidity.
Market cap - 5.3 M, Equity - 6.8 M, Net profit 1st Q - 750k (revenues much higher). Something looks out of balance...
Is that a fake wall or real wall? Anybody hit it yet?
Looks like just a typical lunchtime lull on an off trading week, anyways. This is doing incredibly, given all the recent factors. More trades have gone off on the bid than ask here today, and we are still up. This is the pullback and profit taking consolidation. Damn good performer and still undervalued.
Anybody know current profit multiplier, for market cap determination of a mining company?
Midday profit protection/consolidation. Still up over 30% from today's low.
Equity is still higher than market cap here. That's before even thinking about factoring in the profitable operations of this company, and continual reinvestment into expanding company operations. Quite impressive. Did this just get pushed to pink sheets after recent regulation changes?
They protect current investors by not allowing them to buy more, as well. It also keeps the company from being able to dump more shares on false pretenses, thereby diluting share value even more before the suspension. Then it would open even lower! So they kind of do help. Just not in the way most want.
Took some time, but finally got my orders filled. Next time Chrion, I won't miss the heads up. Lol.
Nobody should be panicking. This needed some consolidation after such a hard 3 day run. Everybody should have anticipated it soon. Now some are probably just locking in profits.
That was the financial internet property acquired in recent PR's. Name was withheld until ownership had changed hands completely.
I think this means they are supposed to collect the proposed amount ($24) within 3 months, on a per person basis.
The attorney letter is the requirement for pink sheet reporting standards, with respect to their current financial statements. The attorney is supposed to sign, stating he agrees with current information provided by the CEO. Basic reporting requirements must be met to be able to file a form 211.
Did you also read what is required by an MM to file a form 211? What are the requirements?