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I don't think Market Makers have to cover in 3 days like retail does. My guess is at the end of the fiscal quarter when they probably have to "mark to market" their positions, IMO. Correct me if I am wrong.
Bashing your own stock is just a sign of emotional, immature investors who try to "one up" each other. They bash a CEO for the same behavior they exhibit. Half of them were probably in Florida last month.
I don't like my investment bashed, it is my money they are bashing. I bet most did not put more than $500 in MELY.
I got my 11 preferred shares today, ETrade. Waiting patiently, good or bad I made the decision to buy.
No, not new, own 6M shares. Just saying I think it is going to take more than a chart to move this stock, we need big news, IMO.
Lets pray it comes soon.
IDGC
Yes, MM are shorting, but not because they think it will drop.
A Market Maker has only so much inventory or no inventory at all of a particular stock. When a broker sends an order to them for say 10 million shares, the MM may only have 4 million in inventory. The MM wants to make the broker happy and get or keep his business, he doesn't want to get a reputation of not filling the orders, so the MM will fill the 10M, knowing he is short the stock for 6M, but the broker is happy with him. So, a MM can end up short a stock that they may not know a lot about at that point, it does not mean they (MM) think it will drop or go under.
The MM will play their manipulation antics as it moves up so they can make up for their losses from having to cover their short positions at a higher price.
I hope the MM start to cover soon, before they get in too deep on this potential runner, IMO. GLTA
$TNEN
Charts for OTC stocks, don't mean a lot, IMO.
Old saying, "at the bottom with every sunken ship there are charts"! Big moves come from big news. GLTA
$IDGC
Excellent, logical, common sense post link. Thanks.
$UNGS
As soon as we get news the wall will drop and only the newbies and the die hard tic flippers will get filled. They will then have chase after it or try to find another ticker to add to their loooong list of dead trips not moving.
If you want to make real money, you have to let a position run and milk it on the way up, IMO.
I agree with you skoondog, UN*S is the next BIG play, IMO. Great DD on that board. It could very well be a life changer for me, 40M long and strong. GLTA
$TNEN
Be patient, it should, IMO. VFIN is showing 1M now.
Come on NITE retailer, cancel that sell, show some...
$TNEN
VFIN is down to only 330,000. CSTI is at 2,853,800.
I hope VFIN is empty. Come on retail, take your 1's off, move them way up, give it a chance to run before and with the news. Some stocks you don't want to tic flip, this could be one, IMO.
$TNEN
Now VFIN is down to 2.5M, if he is showing it all.
We all know VFIN is a diluter, but it takes money to run a business. Lets all hope there is good news coming. Long and strong with 17M. GLTA!
Go $TNEN
Correct, good post. It only matters next February and that MELY has a huge bid and at least .0001, so just relax. Brett may not be the best CEO but hopefully Juan has a big input.
go MELY
Yes, audited financials would be great news.
UNGS
I think we all have to remember Wayne went dark because of the lawsuit.
I don't care about fluff, pump and dump PR statements, just give me the news when available, which should be as soon as Wayne and his attorney agree on the content, which they may still be disputing about. It should be this week, IMO.
I will sit without emotion, not bashing my own position and live with MY decision. GLTA
$UNGS
That is what happens to emotional investors, too bad.
The DD here is the best I have seen, patience will pay off big time, IMO. Long and strong. GLTA
$UNGS
BMAK is now number 4 on the ask list at .021, I did not see where they were 30 minutes ago. We all know there will be some more dilution until they see revenues, lets hope that happens soon.
MELY
Was that you happy, 25M dump?
Patience will pay here, IMO
Go UNGS
A "meaty" PR requires a lot more attorney scrutiny, IMO.
If it is just a business as usual BS fluff PR, that would have been approved easily, IMO. Also has anyone known to get anything from an attorney on time, remember they get paid by the hour and have to cover their and Wayne's...LOL. Patience will pay off, no body is getting my stock until I get news, then they have to pay dearly, IMO.
UNGS
Moving up the boards good, when news hits it won't take long to get to the top!
UNGS
Just trying to keep above a penny to uplist.
Got $5,500 invested, what's another $20.
$MELY
I tried to paint the tape at .01, they filled me at .0099!
The ask was showing .01 MM games? Cost me $20 and failed. Sorry all.
$MELY
Unfortunately it is between MM's, six digits out all at the same time.
MSITF
Up to 80 million on the bid now!
UNGS
6 trades for 4Mil, 1 for 1Mil, 25,000,000 shares!
MSITF
Locked and loaded too, long and strong with 40 mill, waiting to change my life!
$UNGS
He may not "logistically" be able give it all at once. He may not have the marina financing locked in at this time. I think he will release the vending machine side on Monday 4/20, with "marina update to follow soon", if financing is not secured yet. Hopefully they are separate, that would be the best to keep the momentum going, IMO.
Let us hope Wayne has been working hard for us all, we could be sitting on one of the biggest stocks of 2015, IMO.
Good luck to all here, thanks for the great DD too! $UNGS
I just slapped the ask for 7 million, come on lets get a bid back today! GLTA
$UNGS
Yes, usually 3 or 4 MM.
I think I wish that's all I had, holding 17M at .0001, but hey you never know, Steedly has another oil company too, maybe a merger or joint venture? GLTA
$TNEN
Hey Chizzo, good to see you on here. What do you think here?
$TNEN
Simple question. Why don't you just wait for the audited financials due no later than April 15, or is it more fun for you to speculate that Brett and his co workers want to go to prison. Give it a rest, we all will know by 4-15, or he goes dark, then he probably has something to hide, IMO. Glta
$MELY
Very serious post! There has been recent posts with a link to the SEC complaint department. Some here seem to want to shoot themselves in the foot. GLTA
$MELYD
Please read this before contacting the SEC.
I think it is premature to be contacting the SEC just yet. I have 55,000 post split shares and I don't want this halted because some one can't control their emotions.
Don't forget, MELY is an audited, SEC reporting company. We will find out what happened to the money from the dilution soon, as of April 15th at the latest, if he files for a 15 day extension. Why get your stock halted before you see financials?
IF he gets the leased 3 P/H and BTC Pool up and running in the 10 days and financials by April 15th, it should be enough to get us back up to and way over .10 post split, IMO.
So far, no diluters on the ask since the split. Also, he gave us our split share quickly. Many here have waited a long time for this to work out and own it a lot higher cost basis than me, but dollar wise I have $5,500 invested pre split, I really will be as upset with other investors getting this halted as much as I will be upset if Brett goes "dark" and has no leased machines.
I can sell, you can sell, but only if we are not halted. Lets wait for the audited financials and the 10 days for machines, IMO. Good luck to all here.
$MELYD
Brett cancelled the equipment order, remember Spondoolies requires equipment to be paid for up front, I believe, so the audited financials should show some cash, correct?
$MELYD
Glad to see no diluters on the ask.
$MELYD
Good post, Chizzo. Brett does need to clarify some issues though.
$MELYD
The way I read the PR, we are negotiating a 10 MW facility that has significantly cheaper electric rates and while we are building it out we are leasing 3 PH short term vs building out current facility. I want confirmation the lease is short term and we will be owning our own equipment in the new facility. Also how much PH on the start up in the new facility.
We are an audited financials, SEC reporting firm, it should show what happened to the money from dilution.
I will be patient a while longer, the 15th April is the latest, with an extension, for financials. The 3 PH leased should be on line by then and IF Brett is smart, much more transparency and details. This can still be a very good BTC play IF we get what we need, IMO. Also where is Juan? GLTA.
$MELYD
No diluting market makers today or since split.
Thanks Birdy, WELCOME BACK! GLTA
$UNGS
I agree gwinis, I don't want Wayne to alert ERB* to our every move and exact features etc. until we are ready to rock and roll. It is called being smart, IMO. Patience should pay here, IMO. GLTA
I don't think Apple put out much info on their new watch before release, but correct me if I am wrong.
$UNGS
Does anyone want to admit, maybe they are waiting to release news until we all are liquid? That could be the case. Let me ask all you negative posters, when have you gotten shares this quick after a R/S on any other of your pinks? If you did get them quickly, what news followed. Be sure to include symbols. Just wondering...could be good news soon, IMO. GLTA
$MELYD