Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
As far as the MM's want to take this. There is absolutely NO resistance to what they have been systematically doing for the past year+. The MM's win if they can get the company to do a RS... then they will start it all over again. Kinda sickening if you stop and think about it. Been SERIOUS DOWNWARD PRESSURE for quite some time by the MM's on this one.
Management has NO CONTROL of the trajectory of their Share Price... it's ALL the MM's.
Happy New Year and a special thanks to those blessed MM's that literally stole the investors money for lasr year on this one!
SM
Glad to hear it! ... Now go get some of your 'like minded firends'!
SM
All heavy volume happened @ .0004 yesterday. What say you as to what transpired in the big picture? We going to see .0003/4 or .0004/5 or maybe some traction after all that volume to maybe .0005/6 or higher? HUGE BLOCKS traded @ .0004 yesterday! Funny things have been know to happen in the last few trading days of the year. Would love to see a year end close around .002-.003 or higher. We could see these .0004's VANISH like a fart into the wind!
SM
WOW... Things seemed to change a little bit over just one day... Now the Buy pressure outweighing Sell (34M BID/24ASK). In another post I spoke about that little stocking stuffer for the New Year. 24Mil ONLY left @ .0005, do not delay too long to snatch them up.
SM
Happy Hour. Now is the time for those .0005's to be gone. Was glad to see the 25Mil buys in the last few minutes these past days... would love to see 50+ Mil today. How about 150 Mil.?
SM
16Mil on BID NOW. Down to about 1/3 ratio now. Any more stocking stuffers for you all? Got to hit the ASK to be guaranteed to 'get it by Christmas'.
SM
That was a nice 'stocking stuffer' of 2Mil @ .0005. How much that K might grow into! Now Up 25% today so far.
SM
There we go... almost doubled to 6.7Mil. now on the BID @.0004. Can you imagine what timing this could be catching a few Mil more @.0004. Anyone for a little of those .0005's for the stocking hanging over the fireplace?
SM
PS... Update. NOW only 1/5 the size of the ASK instead of 1/10. Could be HUGE!!!
PSS Less than 1/4 NOW
Anyone else going to help out with 'equal weights and measures' on the .0004 BID size?
Hell, Just start slapping the ASK @ .0005 and see what happens... Happy New Year ?!?!
SM
Traction? Only $19K on the .005's... Thin. What possibilities with a spark of a match!
SM
This may sound familiar but, 'it was nice to see that 25Mil + EOD buy'. A little traction for closing out the year? Thin!
SM
It was very nice to see that 25M buy EOD yesterday. A little traction today?
SM
Nope! BUT... 16Mil of .0004's GONE in less than 1 minute. Serious Pressure being applied... consistantly!
Lo and Behold... that is just about the exact volume now sitting on the ASK @ .0004 (17Mil.).
SM
.0005's gone in the first few minutes this AM?
SM
1 BILLION shares traded... It never ceases to amaze me how little I know about the 'what's and why's' of things here in OTC land. I can not even imagine the 'who's and how's' that makes something like this happen... but, I guess that is the point!... No one can tell if it was ALL 'above board'!
Have you really ever thought about the number 1 BILLION and how much that really is? YEP, and that is in one day...or actually about a half a day.
As I said before, this thing has some 'force' pushing this down... deliberate AND beyond the scope of the CEO to carry out.
SM
I think his point was what little impact this deal has in the overall picture. X says that he got 550K in a convertable note as the 'proceeds' from the sale of this 'investment'. X stated that it was about 5 times in proifits. That would mean he had about 100k or less in this. Right now he has NO CASH from this transaction and will have to go and play the same game as others here in OTC land of 'diluting' the stock in order to get their money out. What public traded company? OTC Land or Major Index where the stock is at least holding its own and not jut had a R/S or is down 80% or something? Does he hold the stock and just 'book it', or sell and raise the cash for maybe his own 'Buyback Program'? Still many questions to be answered.
The point of the post I believe was to show that IF this was a CASH deal and X was putting that directly into the business, it is only about a .0002 difference in Share Price with 2.2 Billion shares outstanding. Huge difference if it were only say 100 Million oustanding... that would have about a .0055 effect on the 'fair market value' Share Price. He said... "Stop Diluting!!!' So if the O/S keeps rising, then the deals' effect in S/P dwindles.
Do not get me wrong... still positive news of 'booking' a profitable deal worth 550K instead of a loss.
On another point I have noticed a 'strong' 'capping' in volume and 'off the book trades' keeping this think pinned down. This is deliberate IMO.
SM
Nice volume in this action. Very positive IMO. Thin!
SM
Solid Volume getting behind these ASK hits. Nice.
SM
In my opinion we can not reward the bad hehavior with reponses... Not worth our time I would think.
SM
Very observant I would have to say. Good finish @ .0007 in my opinion.
SM
'Hidden Volume' starting now. Millions in a minute or two. Only 13Mil left @ .0007. Smelling somethin'?
SM
Sometimes you think that you might see something and 'low and behold' it just is not there anymore. I must just be dreaming at times. .
It is much like the BID/ASK... seems that someone is ready to sell... and then it just disappears. Might not be the trader doing it, might be the Market Managers deciding what they want to be seen by the traders.
Do not know how many times I have seen the 'Market Managers' make the BIDS/ASKS just disappear. Each BID/ASK is like its own conversation.
SM
I think I just got my answer... the 20 Mil just went on the ASK @ .0007. Poof!
SM
Thanks for the information. I am aware of the T Trade requirement, but it seemed to be like a 'wash trade' since it was about the exact same volume up to that point in the day. Since I was not able to watch the trades, I was trying to figure out if the MM's were trying to 'buy back their sells for the day', 'sell back their buys for the day', or 'added 23 Mil longs'. That is why I was asking about the BID/ASK numbers at the close. It might have given me some more insight.
Thanks again for your response.
SM
I was not able to be around for the close today so I do not know how the BID/ASK finished for the day. I see that there was 23 Mil traded after hours at 16:00. Can someone tell me if that was on a .0005/.0006 BID/ASK or was it a .0006/.0007. Any insight as to what that 23Mil was all about?
Thanks,
SM
I was one of only a few that really thought this thing was on the right path not too long ago, so do not bite my head off with my questions...
1.How much cash WAS freed up in the Gym Liquidation? They said that they only rented the spaces. How much did they pay for those gyms in the first place? I thought with as much 'Dilution' that was going on, they paid outright and got the gyms and properties... not the case.
2. Why would they get into the gym business and then in such a short time exit it? That does not seem like any kind of good planning. I actually thought that the gym business was going to be their saving grace. I could see where they owned the gyms and property and started training the up and coming 'stars' for their league. As the 'stars' started getting 'big league' contracts to fight (UFC, etc.) then that would attract many more that would funnel into the gyms. I could see the gyms as being THE MAIN REVENUE AND PROFIT CENTER for the company. It sure is not hosting the fights! They are losing money ever weekend they put on a show! I do not see ANY new sponsors or at least they have not given us any updates to that effect.
3.What exactly has been the ' Magnitude the Cost Cutting initiatives have had on Cash Flow'? I do not even know how to go about finding that out. I would think if it was really good they would have explained. Maybe I missed it?
Do not get me wrong, I would love to see this company turn around and start making profits, but I lost about all interest when they got out of the gym business (which I saw as their saving grace) and have increased their losses substantially. No more money from me going into this one. I have quite a ways to go to get my money back out of this.
Any insights I am open to reading from you.
SM
Yes. Requesting quiet....requesting quiet. Everything that has been needed to be said has already been said. Except for factual updates, such as DD and buying, I have zipped it up.
SM
Filled another 1 Mil.!
SM
I care... for one of many here. I am fully vested and look for shareholder value to come in due time. Too many things in the pipeline. Great job AJH92 on keeping us up to date with all that is going on here. Some of us (myself included) do not make the time to keep up with all that is going on in real time. You are appreciated by some here in what you do!
SM
Do not think that the MM's do not monitor this thing. Less than a minute after I posted the last post we have a whopping $9.95 'sell' @ .0005 to negate what I said... less than a minute later! Who was it that just HAD TO UNLOAD $9.95 at this time?
Such predictable goons!
SM
Up 40% with absolutely NO volume!
UP and coming things for this one very soon IMO.
What a close for the week this would be for the SMA's.
Only $17K on the ASK at this time. Someone smelling something coming soon?
Have a good weekend... I am out for this week.
SM
You can do us all a favor and take out the 12 Mil on the ASK @ .0007...then Bid Sit the rest that you want on there @ .0007. I will not bitch at all.
All my Bit Sitting here is just extras if they fill me. We can fly from here for all I care. They letting you get an easy 12 Mil more right now.
SM
500K filled every 1-2 minutes now. What is the probability that exactly 500K orders are coming in just like that? Shhhhhh!
Bid sitting just getting started now!
SM
PS. Key words in update: FULLY FUNDED!!!
Very Nice!
SM
PS. There is ALOT MORE behind those 500K buys!....they just filling them slowly. If anyone is looking for some 'steals' and want to add some more it would be my opinion this is the time to BID SIT... if you can afford not to get them all filled. ALL IMO.
That 2 Mil put on the BID just got taken out. Equal weight on BID/ASK now. Hmmm.
Remember... shhh.
SM
14:20 PM... that was not being quiet! Does not look like they are quite ready yet. 4.5 Mil buys and the ASK INCREASES 2 Mil. They put that 4.5 right back on the BID.
SM
Shhhhhh!
Don't look now, but could it be? Silent 'small hits' to turn some very important indicators. Too early to tell, but it is showing something IMO. Quiet...requesting quiet! I hope you have what you want in this one. Very thin to win. Back into the mid teens to two's with no problem IF they are ready to release this. Quiet please.
SM
Me thinks I saw some weak hands give some up. Time will tell.
SM
Another 2.5 Mil buy that never hit the ASK... .00065 again. No decrease in ASK size either... still below the 20 and 50. Hmmmmm.
SM
So how many millions of shares can be bought into a 7Million ASK AND it never even fills @ .0007? If this was a 'free market' without MM manipulation, those .0007's would be gone. Why are they only filling @ .00065 instead of .0007? Good question!
If you take a look at the SMA's for the 30 time period you should notice that .00065 is right at the 5 and BELOW the 10, 20 and 50. What is the significance? No computer generated 'alerts' for buys so they (the MM's) do not have to deal with increased buying pressure... which in turn makes it easier for them to keep it trending down. This is one way you can tell that they are not going to release this any time soon.
You should also take notice that the ASK sizes do not change much when this happens, but you might see about the same size now put on the BID. Also notice which MM's are doing this consistanly?
For those that really love to blame everything on the CEO and company, I would just point out that if it was the CEO doing this he would want to be filled @ .0007 and not .00065. I do not even think that he has the ability to ask for fills in between the BID and ASK. This is ALL MM market manipulation and they do it out in the open everyday. The ASK should have been gone by now to .0008. If that would have happened, we would have seen a slew of new buy orders.
The only thing that is going to make them not do this, is for 'large' orders to hit the ASK consistantly...IMO.
Do you not just love the real crooks?
SM