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Fine, let us review the complex data,
What I typed was
LMAO! All I said was the shares were bought, I said nothing about who bought them, how long they held them or why they would trade 1.9B shares back and forth to each other. This "simple explanation" is historical data based on 112 trades (not 4 trades of 500M) from August 1, 2016 through August 18, 2017 and is just a simple explanation of why we are holding this price level. If you have a more complex explanation with supporting data to prove any conclusion is flawed I would be very interested in reading all about it but until then I will trust supporting data over...
LMAO Flawed?
Not to over state the obvious, but each trade is a buy as someone is selling those shares at a profit or a loss...unless you know of some way to give them away.
Yes, 1.9B shares were bought from August 1, 2016 and August 18, 2017 and on August 22, 2017 the shares at .0001, .0002 and .0003 did not last long, most of the trades on August 22 bought shares above .0004. So even if we count an even 3B shares at .0001 the following 12 weeks traded over 3 times that volume. So, based on human greed and the numbers available, it is likely the majority of those shares have already been sold for profit or we would be sitting lower today.
Occam's Razor suggests the simplest possible explanation based on existing data is usually the correct conclusion.
It is possible we see .0004’s but if we do I believe it will bounce back to .0005s again pretty quickly. On August 22 just over 1B shares traded between .0002 - .0006, the majority of those share were bought above .0004. From August 23rd to present date about 10.16B shares have been traded and virtually ALL of those shares were bought above .0005. I could go deeper into the numbers but I don’t think I need to at this time, the point is over the past 3 months over 10B shares have turned and virtually all of them have been bought at .0005 and above. I am sure there are some .0001-.0004 left out there and they are likely what we are seeing sell into the BID but I believe those are running low. We are pretty close to the floor here, that being said we are approaching tax season and we typically see traders clearing out their portfolios for a write off deductions are capped to that will likely limit those. Then again, this is just my impression based on a quick overview of the trades since August 22.
$RMRK
EDIT:
PS. This is a GREAT time to average down if you bought in higher and don't need a write off.
OK, I'll concede on this one if the 10-K is going back 3 years.
It is a good thing Jordan Starkman has known about this since March 27, 2017. So he would have plenty of time to drop off his shoe box of receipts to the accountants that The Crypto Company is likely paying for. Hmmm, MAYBE 8 months is not enough time to put together an annual 10-K. I am not sure how these companies that actually operate and have a revenue do it!
Hats off!
I agree, I believe The Crypto Company does have a plan and has their sights set on $RMRK. I just feel we need to be real and upfront otherwise any untruths will be used against us. There is a difference in saying "X has happened!" and "I believe X will happen!" To many have said things that are not true to make $RMRK look like it is debt free, already owned by The Crypto Company or that Jordan Starkman, the current CEO of $RMRK is not capable of screwing us all for a quick buck. MAJOR corporations have failed and even endangered an entire financial system because of this. I no longer under estimate the ignorance and carelessness of blind greed.
/em steps off his soapbox
In the United States corporations RULE! If they are large enough they have lobbyists roam the halls of congress to buy access and influence law in anyway they can that will benefit them. The smaller ones that get caught with their hands in the cookie jar get fines levied against them so the basically buy their way out of trouble. So in a way we are not TO dis-similar. When all is said and done they still get their cut of the money. After all, money is the root of all evil.
MANY things transpire here that would be caught sooner or not be tolerated on the so called "major exchanges". That's why they call this arena the "Wild West" or "Dark Pool". That does not change the fact that Jordan Starkman IS the CEO of $RMRK and The Crypto Company only invested $108,250 (as of the latest 10-Q) in $RMRK and at ANY time for ANY reason, whether it be Starkmans fault, your fault, my fault or because a frog farts in France, The Crypto Company can change their mind and write off the $108,250 as a loss. Just like we will do if our investment/gamble fails to pay off.
I must agree with you regarding Jordan Starkman, he does not appear to be dancing or covering anything up but he does seem to be taking his time getting the books in order and $RMRK current for a shell that has not seen any income in years.
However, I must disagree with you in regards to $CRCW owning $RMRK. AGAIN, there is NOTHING documented to back up that claim. There is only an entry in the previous 10-Q that states The Crypto Company "advanced" $107,000 to RimRock to settle liabilities.
Over the past 2 days about 350 million shares traded at .0005-.0006 and I don't see 250M stacked on the ask @ .0006. Since August 22 primary support has been at .006, every time .0005 was tested we bounced back to our support lvl at .0006. Now that the acquisition of RMRK has been delayed until 2018 because our custodial puppet has been dragging his feet, granting the opportunity to push push the PPS down to .0005-.0006 for multiple reasons.
1. Profit takers that bought in earlier
2. Longs that are tired of waiting
3. People that bought in higher and want the tax wright off
The latter group will likely return after 30 days due to wash trade rules just in time to get back in. The point is $175,000-$200,000 traded hands and I don't see those trading for less than a couple of ticks higher and that is IF they were picked up by flippers. Could we drop lower? Sure, in this arena ANYTHING is possible. However, without doing an in depth review of the trades since August 22, I would estimate .0004-.0005 may be the floor.
Just another opinion.
CRCW has almost $2.6M in cash and equivalents
$RMRK does not have any business and I doubt they have any assets. I believe CRCW needs to see the books balanced and $RMRK current before they go through with the acquisition. One of the major drawbacks of acquiring a shell is that you COULD be buying a shell with unresolved liabilities.
Patience is a virtue but how many of us are virtuous? LOL
Oh, I stand corrected. CEO's are morally upstanding individuals and would NEVER do anything wrong to make a buck. My eyes have been opened and I am seeing the world in a whole new light now. Thank you kind sir! Allow me to repay you with a tip, free of charge!
To address a couple of points,
"RMRK is not current" - A meaningless statement
"Insiders cannot sell" - Off the top of my head insiders would legally be able to buy and sell using a 10b5-1 plan. We won't even discuss shadier practices.
"Starkman dumped everything in the past" - Again, meaningless as you offer no proof as to how many shares he had left or was able to buy between April and August. SOMEONE was accumulating shares.
"CRCW owns him and his shell" - First off, legally another human can not be owned as slavery has been abolished in the US. Secondly, The Crypto Company has not acquired $RMRK yet so it is impossible for them to own the shell. The Crypto Company only made an "investment" and much like our investment, it may or may NOT payoff.
Then again, what do I know.
That's all the stocks are, especially the pinks, legal gambling. Sure we may win a little here and there but in the end, the house always wins. LMAO
I tried warning people that Jordan Starkman could still screw this up for all of us but no one wanted to hear it. They prefer to buy into crap like "There is no $RMRK anymore", Jordan Starkman is JUST a "custodial CEO" and "a puppet". Now here we are, waiting for the custodial puppet to return from his vacation. Maybe all the shares that have been selling into the bid over the past week are paying for his leisure time? On the bright side, now everyone can buy all the 5's and 6's.
It is not new DD, this was in the previous 10-Q under Investing Activities, I also posted it a few days ago.
Ahh, that's the confusion, the 114th congress and not the 115th. Thank you!
That is interesting, I am not sure why a link that appears to be designed to generate sales leads for the Palm Beach Research Group was posted here. Maybe I am missing something but when I look up the
Damn, STILL working on financials? I wonder if he needs any help from Firefly's Jayne Cobb?
"nothin' and a nothin', carry the nothin'..."
Obvious point here but $RMRK is still trading in stable range of .0006 - .0008. Major support is still holding at .0006 but .0007's are proving to be fairly strong given the lack or volume, but we already knew that didn't we?
BTW, the Titanic did not really sink that slowly, she sank rather quickly in just under 3 hours. Again, I think we all knew that too.
Hmmm
I do not believe the point of failure would be on the The Crypto Company side, in my opinion the current CEO of $RMRK is the weakest link in the chains of events to our success. This would not be the first time Jordan Starkman has sold down the PPS and sold out his share holders for a profit.
Once again, nothing has been released confirming ALL debt has been paid off for $RMRK, the 10-Q CLEARLY states that The Crypto Company agreed to fund up to $300,000 to settle outstanding convertible debt of accounts payable but the Company only advanced $107,000 to settle these liabilities. In the same 10-Q under Investing Activities it states only $107,000 has been invested.
I was with you until the "I talked to Jordan" thing. LOL
Damn, I reached the end of the Internet and I have 5 posts remaining.
Sooo, I transferred more funds over, are we ready for 6's tomorrow? 10-1 we bounce off the 6's and never see 5's.
Oh, I guess you didn't know, Jordan Starkman is a Gemini.
A reasonable post!
So to sum up, if they confirm they are "right lipped" and if they deny they are "left lipped". Got it!
Yea I know, I am just bored of waiting for something to happen and sarcasm is easier than selling... at the moment. LOL
That is The Crypto Company, This is the Rimrock Gold Corp. board. LOL
The plan to "ultimately acquire" $RMRK has already been released multiple times in forms filed by Croe Inc. but when asked they claim they are not able to say anything about it. So IF this was still the plan, why do Croe Inc. and Rimrock Gold Corp refuse to confirm or deny when they are directly asked. Each are just saying go ask the other, like parents playing games with their children. Then again, the dealers in Vegas don't tell you what card they are holding either! LOL
I know, you like using that term but it does not mean anything. Jordan Starkman IS the CEO of RMRK and unless The Crypto Company consummates the acquisition of $RMRK THAT will not change. This is a "speculation" play based on an entry in a Croe Inc. 10-Q that basically stated they advanced $RMRK to pay off some debt. It is an invested that Croe Inc. (The Crypto Company) made that may or may not pay off. No matter how you look at it Jordan Starkman is still the CEO of $RMRK and he can still screw us all...AGAIN. Do I want this acquisition to succeed? HELL yea I do, I would love to be able to retire at some point in life but am I willing to neglect the facts just because I don't like the reality they represent? Not no but HELL no! I am in this to make money just like everyone here and if I get close to loosing money, I will pull the trigger just as fast as I would if someone broke into my house. Dead men tell no tales.
We do not know that, if The Crypto Company chooses to go in another direction OR Jordan Starkman fails to uphold his end of the deal for ANY number of reasons, he will still be CEO of a shell that is no longer stuck at .0001 and he can finish selling it back down and use the proceeds from the sales in his other business ventures that he has not sold out...YET.
Yea, that sounds like Jordan Starkman alright! As a matter of fact, I would not be surprised if it was he who has been selling this down from .0013 last week. It would not be the first time that has happened and besides, vacations can be expensive!
What I find interesting is the that CDEL is on the ask with 6,970,400 shares at .0008 since 8:50 am and when 2 buy orders come through for 23,985 shares and 250,000 shares at .0008 there no change for what CDEL is offering.