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Sin Vester, no hoping about it. Select the link I put in the post. Historic event.
I also made a mistake with the amount he purchased. It was 6.622m shares.
https://www.sec.gov/Archives/edgar/data/1435617/000165338623000002/xslF345X04/primary_doc.xml
Sin Vester, PWDY CEO just filed a Form 4 with the SEC after the close on Friday for open market purchases last week. He purchased 6.12m shares in the open market.
Something brewing.....
https://www.sec.gov/Archives/edgar/data/1435617/000165338623000002/xslF345X04/primary_doc.xml
Can it just get to .05?...........Soon young Skywalker.
Can this stock get to .5.......? Depends on what they plug into the PubCo. I owned TSNP and watched it go to over a dollar after they announced merging a Fintec company into the PubCo.
I think PWDY has something planned to have spent the money and time to get the company back trading, and fully reporting with the commission.
Market participants still selling me short when I try and hit the offer. We aren't going anywhere yet.
Horizontal until the MP's want to put on a top. I'd thought they would do something this month because the quarter closes, and it looks like any type of short has been able to cover with the conversions we have seen over the last month. But, every time it looks like there is no more paper to convert, I see the double printing show up again. Has to be getting close to being finished though.
I'll tell you something else, every time that YouTube guy mentions PWDY, we have a pull back. I hope the company is not paying this guy to mention PWDY. If the company want more eyes on the stock, then the company needs to put out PR's. Even better, have some of the affiliates do some open market purchases, and I'm not talking about 50k shares.
Mike, I'd like to see a nice slow steady rise without any PR or tweets, and especially no YouTube pumps.
ALSTOCKS, I think you're right over the target. When the company stopped trading, there was probably some convertibles left over. I figured this when it started trading again, and also figured that it would take a couple months to get those remaining conversions on the tape, and to shake out the people who were surprised to see a balance in there account again once PWDY did start trading again, and just wanted to exit. The firm that is clearing the paper still has some left. I did a couple trades today trying to hit the offer, and got filled below, which means the MP is still shorting because he knows there is more left.
But, I don't think we have more than a month left before the above stops, and we head higher.
If I was the CEO, I would have a GTC order sitting out there for say 20m shares at .0005, just in case we get another position close like we saw yesterday.
Until the Broker/Dealer that has been selling a large block of stock for a client is finished, we aren't going anywhere. Once that stops, then you can expect some movement north.
The guy on the trading desk letting out the stock is either or both, on a shoestring budget, or doesn't know how to make a market. He could have got the stock out faster, at a much better price for his client if he knew what he was doing.
Yes I do.
A Market Participant had/has paper at his firm he has been converting and selling for a month. The client probably gave him the go ahead and liquidate 20m shares of the position at market.
I put the has/had because from the last two hours of trading yesterday, I still saw shorting against retail trying to buy at the offer, ergo, I still think there is still some converting stock happening again today.
You also need to figure that somebody bought almost 9m at .0005 yesterday. he might be coming out under .001 at a 100% profit.
I guess you missed the 10Q release showing record revenues and earnings.
Company is slow playing the attention on the stock. That might start picking g up though.
Mike, I wonder if either I'm a dumbass, or this is just bad proof-reading from the attorney.
From the opinion letter:
Further, counsel has reviewed all prior disclosures posted by the Company with OTC Disclosure and News Service, as amended and the Company.
FAKE, PHOTOSHOPPED, INCORRECT INFORMATION, ETC.
Mike, somebody posted a FAKE form 4 filing for Tapia. If you look close at the photo, you'll see problems. Earliest transaction date was the 27th, price paid for the stock was .002, and the amount owned after transaction is less that the amount purchased.
Also, since the POS Victor Tapia has never bought stock in the open market, he would have filed open market purchases on Form 3, not form 4. (fist time purchase)
Whoever posted that BS on Stocktwits is one brave POS. If somebody over at the SEC finds out there is an idot posting fake SEC filings on Stocktwits, they'll (SEC) take their feet off their desk and go after them.
Also, I exchanged all my WLAN shares for PWDY, and I keep buying our PWDY. At least that CEO has SKIN/cash in the game, and they put 1.2m on the top line 2022. The share price is the same as WLAN and the SS is much lower. Better speculative play.
Agree with what you said, and his website looks like shit. I don't think there's any real excitement here worth talking about. Stocktwits only has 26 followers (nothing).
But, if there was some sort of accumulation of the common before the halt, and there has been accumulation of the common since trading again, then holding a huge amount of the trade-able float would allow somebody to merge in a business and immediately reap the rewards.
If it where me, and I had the pubco, and had a suitor, that's what I would do. I'd do that before R/S.
jd, Everything you said is accurate. But, I'll tell you for sure, it's not an easy task to get one of these things trading again after being suspended. I think there was some sort of plan about to be executed before the trading got pulled, and apparently, somebody is convinced the fruits of this plan would give reason to go through the time, effort, and money to get the stock trading again.
If there wasn't a good reason (plan), why would the CEO merge his businesses into the pubco when he could have kept them private and saved a bunch of time, effort, and money. The fully reporting cost are at least $50k, and that's money coming straight out of his pocket. If he pays himself in stock, he'll never get that stock cleared and deposited at this price. The stock that was issued for services in February for the reporting compliance is dead money at the current trading price, and the law firm and accounting firm probably new this at the time of issuance.
Only other thing I can think of is some sort of narcissistic psychopathy that has him (CEO) wanting to be the head of a pubco for no other reason than his ego.
I think there's a plan.
I'm also sure that if that stock for compensation was issued at the end of February, there is no way that it has become free trading, and is able to be deposited in a brokerage account because Rule 144 resale restrictions have not been met.
They couldn't have deposited them in a brokerage account without the T/A not reporting that change, and it showing on the OTC website.
That I'm sure.
Another thing Mike, PWDY keeps the T/A report completely transparent, and updates daily the SS. Since this started trading again, no changes to stock deposited at the DTC.
https://www.otcmarkets.com/stock/PWDY/security
I saw that also Mike. But here is my question to you. How can you get that stock free trading in less than six months, and who will clear stock under a penny? Everybody that I know that clears OTC penny stocks has a minimum price of a penny.
Also, if you do get that stock deposited in a brokerage account, and the stock was not registered but rely on rule 144 for resale restrictions being lifted, since the stock wasn't registered, there are restrictions on how much you can sell. For example, you can only sell 5% of the total average volume over the last 6 months, etc. per every 15 days (arbitrary numbers to site example)
I'll bet you a dollar that the block on the offer is not the stock that was issued for services, and it is somebody who has owned the stock for years that want out.
Mike, we'll have to see if somebody takes that out in relatively large blocks.
That will tell a story.
Agree Jasmin, There is no way I believe that they went through this much time, expense, and trouble to just become a 2m top line, 400k net income company.
No way.
Got it. Sorry brother.
If the question marks are a thumbs up, then yep to all.
Understand Sin, but TSNP was never over a dime either before 'they' got started on that. Matter of fact, it started out in the trips.
All I'm saying is that somebody went through a bunch of trouble and money to get this thing back on its feet. And actually, not just back on its feet, but better off than ever before.
There's a plan here. I'm just going to sit back and watch. And hopefully, if it does turn out to be another TSNP, I won't sell so Fu!#%$^#ing early.
Agree, SEC fully reporting OTC company ready to go. Hopefully another TSNP in the works.
Looks like they are getting things ready for the news coming this or next week.
Mike, all if these criminals need a class action against them.
I’m ready to get started. Let me know.
Buying everything at 21.
Good thing about the trading today, it looks like the seller has instructed the broker to close it all out EOD.
No and No
3.55m on the bid at .0012 @ 11:00 CST.
Mike, You see that there are only 17 followers on Stocktwits? Talk about ground floor, this is it.
Interesting.............So you think they are going to continue merging other companies into the pubco?
I'll tell you, at this lever, if they have any extra cash, now would be the time to buy $10-20k worth of the common in the open market, and shit can it. You talk about an easy way immediately raise the trading price multiple.
Even better, if O'Rourke would file a Form 3/4 with the commission buying some in the open market.
Retail would come in strong if those two events happened.
This should be interesting Mike. Besides announcing the trading restrictions lifted, and the year end report, this will be their first PR or News since getting the stock trading again.
You have any ideas what could be coming?
I'm sure they have a plan, or they would not have spent the time, money, and effort to get the company public again. Like it has been said here before, that's not an easy task.
SPAC deal?
New Tweet Early This Morning:
https://twitter.com/Powerdyne_Intl
Alpine is who cleared/deposited that 125m that recently got unrestricted.
I’m figuring at least 60-70m more shares going to come out on that block.
And then, there’s another 200m shares that also became unrestricted that has not been deposited since the last delayed TA report.
VT has got TM looking like a jackass, and TM should have hired a junkyard dog.
‘No dilution’
Hahahahaha
I know, somebody just dumbed all their shares at market. And of course, we have our friend GTSM showing size on the offer all day at .0017.
But, that's O.K. for me, I was down low on the bid and picked up some more.
Who are you? Somebody that can't read? Try reading my post again.. I never said that PWDY was going to $2.00, I said TSNP DID GO TO $2.00 after a SPAC deal, and that this looked the same when as when I first bought TSNP.
Resorting to name calling? Go to a meeting or something.
Your analysis is pretty far off on just about all of it. We DO KNOW some things now that the T/A cut loose some information.
Bottom line, more stock coming out into retails hands.
AND THE SPPED AT WHICH THAT SELKER WANTS TO UNLOAD IS GOING TO DETERMINE HIW MUCH AND FAST THIS DROPS.
Period, Nuff Sed.