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Expecting a dip before end of day (weekend beer money). Should be some strong hands taking over in that case. Threw out an alert to some peeps. Not throwing anything on twatter yet. Dont want flippers, we want more longs!
My thoughts exactly, I'm thinking they likely converted either late last week or early this week and get at least 15-20M out of the way. Meaning theres nothing else to hold us back now.
Trying to keep my excitement tempered until I call them later, but this is the best news us longs have had in a while. Patience pays baby!
I 100% agree he needs to PR the final note conversion. Going to try to give them a call after work to confirm, and pry for more info on the L2Cap conversion. This is phenomenal news either way. Big correction will come shortly, probably on next news release.
Q2 to likely to show more than 33k remaining, the second tranche was converted in july. They should have an update of the note included on the Q thought like they did on Q1.
Not necessarily correct. Their last tranche could be up to 33k worth, converting at the discount of .0009, giving them ~36M shares. Thats why a date of conversion would be helpful to get an estimate of L2Cap's remaining shares. The recent downward pressure is almost assuredly from the last tranche, so we are soooooooooo close!
Did L2 covert all of the remaining 33k balance? Did you get a date of conversion? That may aid us in determining the approximate amount of shares L2 has remaining.
Actually, the full 1.5M got taken out prior to the 500k block. Someones taking a position by the looks of it
WOW! Someone just took all 1.5M, 24s up and thin!
Looks like its filling in again. 1.5M @ 23 up
So close. Whomever snapped for those 90k should have just wiped out the remaining 34k at 22!
We don't need an update to run, but it certainly helps. A lot of people I know were avoiding ABCE until the note conversion is complete. Some have poor experiences with the notes here, so I think thats giving people some cause for hesitation. Need a PR when the note is complete and I think we will leave these levels for good, but who knows when that will happen.
Only options are retail or note.
Quite the pump job here by BMM this week. always do your own DD!
There should be, yes. Its not a guarantee, but if they had any business sense, they would. Thats a huge deal, especially in otc.
All, if the note was done, we would hear from the company. We are close, but most likely not there yet.
The news that the company told us was coming weeks ago?
Honestly, I doubt we hear anything this week or next. Likely to be silent until Q is ready, whenever that will be. Glad to see you longs with available funds loading the teens though.
Just need company to finalize that news we have been waiting on for a few weeks. Can't be too far off. My body is ready.
I'm not expecting a big spike on news of uplisting. Im much more concerned about people dumping the news. Im also not here to "pump" anything, was simply asking a question I had.
Still having a hard time believing this is retail dumping. Likely a few days here in the teens and 20 tests before the next move upward. Company really needs to release the PRs we have been waiting on.
Do you have any concerns that the uplisting news is already baked in? I know we all expect Maxim to promote byoc when we get there, but this uplisting has been expected for some time now. Just curious on your thoughts, thanks!
In my experience, its much easier to call them. They haven't been good about returning my emails, but I've spoken with them previously @ (520)777-0511.
With the amount i have here, i have to believe they would know to PR that.
If the conversion was completed, they would have had a release. Conversion =/= sold, the selling during last run was likely still from 2nd tranche.
I know haha. I only meant the funds i spent slapping recently could have been better invested elsewhere.
still here, getting tougher though. Seeing tickers on my WL make big moves after i put available funds here is not easy to watch.
Its much more likely that its the last 33k on the L2Cap note converting and dumping. This is exactly the same pattern as last traunch conversion.
Certainly can't get much lower!
Quickly closing in on teens...again. Unbelievable. Signing off for a while to keep the board free of my negativity. Still hodling the bag though.
Anyone catch where those dumps came from before close? Wasn't watching lvl2
Isnt this the same info that was released in last PR? Both pdfs are dated July 10
Not easy being patient when you see other tickers running. Even more so when every run is bid whacked back down by note conversions. I considered selling last week at 35, kind of regretting it now as these funds are what would have gone to same ticker as ninjas. Still looking at EOM for me, if no PRs by then I will also be taking a parachute.
Probably another 20 or so, depending how much they plan on hold (if any). Knew they would get the last converted while they had CP below 10. PR better be coming soon!
Yeah, frustrating but it is what it is. Thats why theres no point in slapping just to end green. Have to let OTCX dumping run its course. Hopefully its only another day or two.
Not much blocking us, but seller will just show back up tomorrow morning at 24/25. Shown they are willing to paint as low as 20. I think its prudent to bid sit at 18/19 until seller is out.
I had a strong feeling there was a little bit remaining, but i wasnt going to correct you guys during last run up. PR will come soon. Hopefully they time it with end of note and we really pop!
Hopefully thats the last of it. Based upon the last confirmed balance, todays accounts for just under half. So we are in the home stretch either way. Company would announce completion of note though, probably a little more left IMO.
Company confirmed that there was $33k left prior to last release. I think this is the start of that last tranche, and i completely agree with you. Even if they just converted the last, we are already through, at a minimum, a third of it. Might see some high teens, but highly doubt we go any lower than that. Going to throw up a bid down there and wait.
Only suspected it was conversion because they follow the same pattern. wait for slaps in the am, the slowly start hitting bid when no one biting. This is the last tranche on the only note on books, so minor setback is all. future still looks bright!
It wont. I think this is the very last of the note being converted. Will see some short term downward pressure, but its a loading opportunity. Company should time PR with the end of the note and we will see an even larger move.
Patience, anticipation breeds frustration.
Well that leaves only one possibility for the source of these shares. Need to churn through them today and hold 20s. Maximum of 36M coming, expecting they will want to hold some though.