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Volume Action For Week [3/8 - 3/12]
Volume for the week increased to 23.1M shares, price high achieved .0049, low .0025, close .0044
Weekly volume seems to be steady & consistent in the 20M range. Overall up 57% this week!!
With the stagnation on the OTC lately, that's not bad at all.
Maybe next week it gets back into the .005s+
Maybe One Day News Like This Will Drop...
https://finance.yahoo.com/news/klmkh-inc-orpheum-property-inc-113000166.html
https://finance.yahoo.com/quote/PLFF?p=PLFF&.tsrc=fin-srch
https://www.otcmarkets.com/stock/PLFF/security
Dormant for a long while, and it went boom on news of merge. It began '21 at .006.
About same Share Structure as SLJB. Guess it's still amazing this thing is alive and trading. We shall see. GL
Volume Action For Week [3/1-3/5]
Volume for the week increased to 20.4M shares, price high achieved .0038, low .0026, close .0028
All things considered, this has held up okay with the CE in total limbo & the OTC running red for weeks.
MANY custodial plays were shaved off heavy this week, there actually may be better plays at this price currently
Razor Sharp Dick...Ouch!! LoL
Honestly, you may have nailed all the possibilities. Reality is a lot of old tickers have risen in '21.
Until we see something with OTC getting updated [like say the TA & share #'s] It is just watching the ticks. Saw it come alive & it's an interesting view. For a shell, that Share Structure (if current) is quite appealing. Volume has been semi consistent. Maybe these will be the "next wave" of OTC runner. Recent SEC amendments may be making these old tickers more valuable for restructure & mergers. haven't seen anything on the Utah SOS so far.
GL to You.
Hey Ole Thymer,..
Good of you to drop by, just checking up on these new movers.
Hopefully, something good ahead. I see volume, and I see some upticks. There are some others moving along silently as well.
We shall see.
MLLLF underpriced vs GAME.V
Doesn't often happen, but GAME.V closed at $14.05 CAD
which would equate to $11.10 USD, which is where MLLLF should be
priced currently vs the $10.66 last quote!!
Some Volume Dropoff for the Week [2/22-2/26]
Volume for the week was 17.08M shares, price high achieved .004, low .0016, close .0035 Seems the trades are
becoming prone to some severe spikes downward, might be a good spot [-40% of current] to snag on these spikes down, volume permitting.
Let's see what March brings!!
Paltry Volume,,
Can't help but think the ever hot OTC market has made GMGI a less favorable play. Tons of other tickers that are moving on big trade $ flow through, but here it's been tough to get volume going.
Hard for a $5 stock on the OTC, when you can get a 5c one to move 25%. Not sure what it'll take to move it. Last fins release were good, guess it may be Nasdaq news. Guess all we can do is wait it out. Didn't think this would be back near 5 so quickly
Great Dane..
Are these the management group you spoke of [https://twitter.com/KrisaManagement/with_replies] I have looked at their history too & it seems that none of the prior ones got a merge. But did notice that with SLJB they got a bit further, to filing annual reports & such. moreso than with RNWF & SPRL. They just swapped the SPRL site for the SLJB site at some point. Still think this is a good play, but It would be nice to know the Custos have actually sealed a deal prior.
Positive Momentum,,
Hock,
I don't think this will take "news". There's a lot of back end work that gets done on these custodianship plays. It at times takes months. In truth, SLJB really began this new path in March of '20 and it's still maneuvering to get near a half a penny.
I think the next thing will be getting OTC to grant CE removal & getting to either Pink Limited or Pink Current (as they've filed previous years annual reports) they've taken steps, we just have to wait & hope that any possible merger candidate/s are patient as well. With CE removal, brokers will unrestrict buys & we might get some more eyes on it. With its share structure, it gets to a penny easy if it gets current. Comparable to other custodianships tickers, I think this ones in good shape. We shall see, patiently!
Tightening Up...
Though it suffered a red overall week, it did not give back all of the gains from last week. The bollinger bands are getting every tight on the weekly chart. This will break out, volume however has been rather tepid. The disconnect with GMGI & the Gaming/Gambling sector has to figured out, the whole sector was green, but GMGI stayed in the red. That's a bit alarming.
The NEXE tree got shaken a bit..
It hit $5 in Canada & had a bit of a stumble.
I don't think people liked the mask idea lol.
They have good prospects if they can make any item with their proprietary materials.
In a new "green" world, it surely will reach a $1B market cap.
Ultimate Tips-->NSAV-.037/SLJB-.0035
Some longer outs(odds)->HKBV-.0005/CKYS-.001
Well Done...
Expect $2 (on IQST) will be breached before March. Upside potential is great. Wouldn't be surprised if it breaks $3-5 in the 2Q.
I don't think a crash is coming. With low interest rates worldwide, the markets have to "maintain" the threshold for risk. Least that's how I see it. Plus you have so much stimulus being pumped in. Good Luck, may you find more triples. :)
Volume & Action Picking Up
Should close the week off well...GLTA
Hey StockJumper..
Sorry, I don't have PM on this platform, but you asked this relevant to HKBV so I will answer it here.
If you go to OTC Markets, there is a "Stock Screener" https://www.otcmarkets.com/research/stock-screener
You can do your set screens & in the upper right hit download data. (it will give you prior day data, not current) Hope that answers your question on that.
As for HKBV, this is an interesting one. You have a company that's getting daily data onto OTC Markets via a TA. Also you have likely a abandoned ticker- company is based in Canada as per it's last OTC records. So you may have a entity that can find reinstatement on the Colorado SOS, and be a viable possible shell. The share structure is okay, not great. But there are shells with much worse structures. It's a gamble for sure, but volume again will tell a tale. IF share capture can occur, there may be something here. Traders need to be able to snag big lots, and for that you need the volume & trade flow. We shall see. CKYS is another one of interest
6 Deuce,
If you pull OTC data, you do see there are quite a few dormant tickers. But with brokers locking people out on CE plays, it is becoming harder to find what a good shell may be. The SEC recently made some amendments that will go into effect in Sept that makes the whole shell/reverse merger play a bit more lengthy/difficult in duration & may be the reason there may be a rush to the current available tickers.
There may be a gold rush occurring in dormant companies with the possibility of cleanups/reinstatement on the state level. CKYS has shown nothing beyond the volume/price move, whereas a ticker like HKBV has shown updated TA/Share Structure data on OTC. Seems many are at different stages.. Good Luck on it.
Caution on that ,,
First off it's not the RH Gang, as Rhooders have no access on the RH platform to the OTC. Now, there has been a large number of Rhooders that have vacated the RH platform & are now learning that this penny world exists. So by some leaning, you may have a point. I do think over the next 6 months a huge influx of capital will be coming into the OTC via these RH folks discovering the OTC on their new brokers.
If a smart custodian goes after this ticker it will be a bonafide play. The share structure is tight. But a lot has to happen first. At this point, I will say this is a pure spec play.
Hope IQST has done you well BELG..
It's finally looking like the $1 mark will be crossed fully.
Know you were apprehensive on it at first. Lots of upside on that
play.
Hey OleTymer..
To snag these types, I do daily data pulls off of OTC & segment down to a specific price range & hunt for volume spikes. Often these spikes will come with little change in price, or the occasional bump of 100%. Months back, this pattern began showing on a ticker DPLS, it was dormant, then traded but didn't move. The thought is, volume will always precede price movement. For months volume moved between .0001/2, eventually it found it's way to .04. With HKBV, there was the odd occurrence of OTC market share data being updated, this is not a normal thing. Most dormant tickers will not be updating OTC via transfer agent, so that too stood out. It was a confluence of these things that lit up the radar on it. If you want another one check out CKYS.
No Probs GeeO..
CKYS kind of shocked with the volume, 70M & dollar flow through [~$80K]it had today. It actually hit .002, which was incredible considering it was .0001 last week.
Some others are RBNW- moving quick & fast, LATF- good for flips
NSAV/HCMC will seemingly have many good days ahead.
GRST looks like a good long term hold.
The Quick Answer,,perhaps
Is most of these dormant companies are abandoned tickers, they are in non reporting status with the SEC & the State they're registered in. To get control, it's about getting custodianship of the company, filing all that is required to reinstate the company in the registered state (sometimes having to pay off debts incurred) Then IF granted, they can go about dealing with the share structure, transfer agent & OTC etc
There is a process, but at this time we can't say if that's what's happening.
The order flow through at $79k was rather remarkable, if you think of it that last week was the first time this traded in a bit.
This isn't how these plays work.
There's no need to buy shares, but there is need to become the custodian of the shell through the State of Business registry.
If that is what's occurring. It's good to see the order flow through at the levels it is considering it only started trading again last Friday. We shall see, GLTA
Quite Impressive..
After only 1 day last week of awakened volume this is officially a break out on high volume move.
The 649 Trades & 71.5M Volume were impressive as was the $79.5K Order Flow through
Recent SEC changes might be making these dormant tickers a bit attractive for the prospects on
restructures/cleanups & possible merges into entities wanting to go public. We shall see.