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.
3 MM's now stacking at 10 on bid, an improvement over just one..
Get rid of 11's and it flys
Another attempt at the wall at 11......bid looking stronger....
eat that wall, down from 46 to 36m now...
VNDM is gone he moved to .0020, BMAK will move if hit.
A close near .10 would not be unreasonable today..
As long as volume continues this will ramp.
bought on open, sold near .08...just bought back some around .07..more likely to run into close, nice consolidation here.
I see BMAK has gotten up early to sit on the ask, more dilution to start off the week.
FLPC website still has not updated OS from last week....strange...
Anyone notice on the webpage
http://www.firstlibertypower.com/investors/stock-information/
It says (8/21/14 currently not available from T/A)
I don't check often but I've never seen that before..why would the TA not have the OS count..lol
DRIO is probably a contender for signing the worse financing deal I've seen in any capital markets ever...
Maybe it setup a trade here though, will watch Monday to see if sellers are gone.
$$
I do not see the QB Certification form on the OTC Website for FLPC so that may be it...
I believe it's because the QB requires a .01 min bid which FLPC does not currently meet.
hmmmm...BMAK just completely left the ask, he may be gone for now...
Perhaps it will go that way, I don't think it will go to that extreme though.
I simply believe FLPC is in the middle of a very heavy conversion time looking at their 10-Q here, noteholders have ~$200,000+ to dump and they are doing it aggressively..
After we get through this it looks more clear provided FLPC actually has some positive news to share..
That will be the time to buy, I'm not bidding here...
52wk lows are a bidwhack away here, I'm targeting buying zone around .0010 - .0012, by the time it gets there noteholders should be through
FLPC really needs to stop handing out convertibles like candy and find some substantial non-dilutive financing...
looks like VFIN woke up and decided to join BMAK at .0020 ..
Note holders having a field day with FLPC....
I see more conversions happening in Sept, Oct and Dec in their 10-Q...
Dilution city
I watch FLPC because I do consider them to be one of the only legit mining plays on the OTC...no point buying when you can clearly see the note holders stepping on it's throat.
I'm sure there is a big run in here somewhere, I'm also sure with a few more mistakes a few months from now we could be seeing that 1.5 A/S be increased to 2billion....or possibly a reverse split.
FLPC attracted so much interest because of their transparency, now it's barely a step above many other OTC mining plays...sad..
Big run? You see the note holders sitting on the ask on tick above bid regardless of how much it moves down, relentlessly selling.
The only thing in my eyes I can see from FLPC as of late is them increasing the AS to 1.5billion to make way for more dilution, the calls for a return to transparency have not materialized.
I've watched FLPC for some time now and there is nothing here that is encouraging enough for me to pick up a few million shares at this newest "bottom"...
I'm sure I'm not alone.
Price is going lower IMO, not because I want to buy in for a cheaper price but because there is no substantial buying interest and massive dilution day after day, week after week.
I posted back in July when FLPC was trading in the .0040's that I saw .0020 - .0021 as a critical support level here.
So it may be the time to start accumulating, however the aggressive dilution has made me think that it won't hold, company seems to have no regard for share price.
so personally I am not bidding at these levels..
.0021 is important support level to hold dating back to March of 2013.
Fails to hold here this can get ugly..
dangerous to be long here
Though I doubt technicals matter in such a dilutive environment.
company has virtually no bid support when a 4mil sell order can drag it down like that...
buyers strike..I don't blame them...who wants to buy endless shares from the chronic dilution.
I'm still waiting for triple 0's...$$
It's getting to the point very soon where it will test all time trading lows in this stock, if you see the same MM's sitting on the ask diluting it away at that point I could see them taking it to triple 0's and then reverse splitting it.
Sad story this has turned out to be so far, been waiting to buy but I don't feel like stepping in front of the dilution bulldozer.
I would be shocked if NEWL actually managed to get the 15c-211 filled out, I don't think I've ever seen a company manage to get it filled out.
And I wonder what the NASDAQ saw in the transfer agent switch to make them request more information.
No position, I would actively short if possible but it's not.
hah, this thing is accelerating down, I'm not sure if I should keep my .0021 bid up...might get it cheaper $$
.0020 - .0021 is support on weekly, maybe find buyers around there, I may be bidding if it can get down there.
I bailed out of my 7's when it hit 10 earlier, I see now that was not a bad decision, still the bid looks strong and ask moves quickly, may make another run tomorrow.
MM's setting up shop in the 11's...only few of them left at 10..$$
10's nearly gone, MM's moving to 11 and 12.
10's being eaten, people will start moving to 11 soon.
bid support building in the 9's, let start eating the 10's...
407million vol so far, this thing moves so easy on l2..
10's on the ask...$$
Goodbye triple 0's IDGC...
Dare I say copper town ahead?
About $21k worth of ask slap a min ago...big players coming in $$
huge vol hitting the ask....9's nearly up now..
chart looks clear to run until .0012...
Breaks past that next level of R is .0019.
In some 7's, nice vol here.
suddenly I feel better about getting out at .0058...the wall at .0060 spooked to many people...and down she goes for now...
mkt cap is to high if anything right now, there is little to zero incentive for someone to buy into FLPC when they see that the company is looking to dilute billions of shares in the near future...
coupled with the fact that the stock has nosedived for the past year and 99% of shareholders are underwater and selling out, this thing continues down and down and down..
I have cash and am waiting to buy but see no reason to.
I was just doing some calculations with the numbers in the sticky and found from the peak at 37.1 to last week..FLPC has lost an avg of 19k in mkt cap every single day averaged out..
but now if it was over 50mil that number will be larger...lol
37mil mkt cap to 3.5mil market cap in less then a year...amazing destruction of wealth here.