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Anticipation breeds frustration...longer the sideways trading the bigger the pop (based on some basic marked fundamentals including consolidation, short loading, etc...)
Research > pumping
smart money always wins
Equity short interest as of June 29th is only 35,792...doesn't appear we have loaded many retail shorts...just market maker tactics and them handing off daily naked short positoins IMO based on daily short volume compared to equity short interest:
Read the difference between the two here: http://volumebot.com/why-short-volume-is-important/
Daily short volume = naked shorted shares from MMs to "make the market" (which is a BS term they argue to get sell offs to make money)
Equity short interest = number of shares shorted (not naked) and yet to be coverd by. Equity short interest was about 2 million back in Feb/March
just good material to help you try to figure out what is going on from a retail point of view.
Just being walked down for their benefit...we will win
That is my theory...
I have done my research, as to why I think that will happen...in short, because Maxim is about 100x the size of Boustead (has over 2000 immediately reached brokers+institutions+high net individuals), we should see a consummation of a merger (which will officially give BYOC an operating entity that the shell becomes), more mergers, press coverage.
Read the wikipedia page on alternative public offerings...
https://en.wikipedia.org/wiki/Alternative_public_offering
BYOC is considered a "speculative" play. The PPS is speculatively undervalued based on the assumption that the company gets things done. The time frames at which things would be done have been misunderstood by most of us...basically this has taken longer than expected but in my opinion, we have only been given reason to believe this is actually happening.
What people also fail to realize is that (in my opinion) big money from big transactions first comes in the form of trust (George working behind the scenes) and then comes from contracts (later developments that will be disclosed).
I am invested here because I believe in it. Unlike many others, I do not misrepresent my thoughts about this stock for my personal benefit. If I am a good investor, I wish for my methods to be something I am proud of and proud to teach, and I could not be proud of myself for making money at the monetary and/or emotional dispense of others. In other words, I have a decent amount of moral objection against pump and dumping as well as bashing for cheaper shares or cover....but I can happily teach you all how MMs play this game and how I think we can beat them...
make your own decisions. Just because I am vocal with my thoughts an opinions and appear to rationalize them does not mean I am always correct.
for the record: I believe most of us who have been here supporting this stock do believe in it...there are a handful of exceptions...
Certain individuals have never owned a single share of BYOC in their life.
Shorts need cover. The stifled the past news by shorting the heck out of it to make investors feel hopeless. It’s a pretty decent strategy given most otc tickers are garbage and most otc holders are noobs.
They will all get raked over.
What people fail to realize is penny pushers are not going to be the primary source of movement for this stock, not to say they won’t hop on once they see Maxim clients taking positions.
Anticipation breeds frustration.
Short vol: 52.69% (278k shares), the rest of the volume basically came from CFGN (who we all thought was done but not quite I guess, and they are on bid kinda)...
Shorts still hanging around...only way they win is if you puke it up because no one else is around to give them their cover except CFGN until they peace...
Anticipation breeds frustration...
http://www.volumebot.com/?s=byoc
We are seeing it all:
MMs shorting to themselves (the 100k bid)
Walk downs
Walk ups
The opening high of day paint to make the candle red no matter if it closes green.
MMs doing anything they can to get volume for cover but shares are locked...
Pressure from the shorts will be on today, CDEL is the culprit here...based on short volume and times & sales from yesterday almost all the selling was shorting...if you fall for it and puke it up here you deserve it.
Shorts will slowly try to walk PPS down then attack the bid at once to make it look like someone is dumping...for one, it's a short. Secondly, who cares if someone dumps 200k shares because it can't be insiders or company affiliates...just retail sissing out
just my thots take em or leave em
However there is still an aggressive shorter amongst us based on short volume and paint downs. I’m getting aggressive on some side trades here to generate enough cash to buy another solid chunk of like 50k shares or so.
As mentioned earlier when short volume is high we see a higher chance of increased pressure on the ask (and intentional/manipulative thinning on the bid) to get cover, not a higher chance of short squeeze.
Being on bid is the best defense. The more we all know how to beat MMs and shorts the more we all make. Outbid cover
And there ya have it folks...buying
58% short volume...347k shares shorted...no surprise.
Today's sell volume: 366,846...
With 347k being short, most of the sell volume was likely shorting, not all (buy's can also be shorted if the shorter has a sell limit order placed), I'm sure some fell for it and dumped...someone is getting aggressive here. And some people here are encouraging those sells....
Make your own decisions.
As mentioned earlier, shorts walk PPS to make chart look bad on low volume, then they attack by shorting on the bid so it looks like people are dumping when there is no reason to dump unless you can't wait a couple days to what I'd guess is less than a couple weeks (SEC reporting companies uplist to QB faster due to better transparency).
Source: http://www.volumebot.com/?s=BYOC
You can bet we will see a big wall at .0899 right before close. All a game.
shorts shorts shorts
Same crap as when we had that sell off months ago. For no reason other than shorts walking it to an iffy looking point then attacking. We have less weaklings on board now. But there are always the societal liabilities lingering. Day in day out they get fewer and fewer.
Just my thoughts.
The retail paint downs should let you all know that this is a short attack. They just waking the chart to a point that it looks kinda less than ideal then attack with a short dump.
If you puke it up now you deserve it.
Off shore share cancellation (all those entities with millions), and a small RS (like 1/5 or 1/10 which is not a bad thing at all)...just speculation
silk and i have done our research.
morons will be like ooooo RS but here is the thing:
company does RS to uplist = good (what byoc may do)
company does RS to avoid delisting or to dilute more = bad (not what byoc is doing)
Looks like no one is selling either...
ALSO...once QB hits, dont just suddenly expect a bunch of buyers to flood the gates, that is not how this works. This stock is a grind. Us who are committed are here for the long run. George isnt gonna make all his money back from the court cases by this thing running to a quarter...
Yes that was absolute garbage.
For anyone who doesnt know OTCX shorted 40k shares on the ask and is now on bid at .098 because he keeps getting driven up, bid 10 and he'll take a loss haha
I personally think it will happen this year...I also don't believe this ticker's big moves have occurred. There is a reason gaining Maxim as the investment bank is so important. Maxim has 2000 investors/institutions/brokers/high net individuals. Boustead has like 200.
Basically the same thing should happen that happened with boustead releasing the information to their clients that BYOC signed with S800. This time maxim will likely facilitate in a formal research, announce a price target for BYOC, and go on road shows and such to garner serious investors.
I think BYOC announces one to two more mergers while the company is OTCQB, gains some new market makers on L2 to begin increasing liquidity and PPS. Depending on how this market responds, after this, the move to NASDAQ is made, the company announces the final acquisition and BYOC changes their name to something dope.
The reason we arent seeing the other merger companies yet is because it would be a waste right now given BYOC's low exposure (only to really penny players). The goal here is to make Boustead's, Maxim's, insiders, affiliates, etc a lottt of money (wall street style). Crappy companies PR their LOIs on OTC all the time because they are pump and dumps. George isnt doing that. This is all about timing an execution.
These are just my thoughts. I don't really know any more than anyone else, I just do my own research extensively, have talked to George a little bit, and just scour the literature for other examples of tickers like BYOC (hint: there arent many)
L2 is comedy right now...just outbidding OTCX lolol...then CDEL is on the ask to help OTCX out to get the dump...that ask is garb
CFGN is gone yipeee
LOLOL
what a joke, those comments are grasping for air...just absurd at this point.
we've been here for months (some, for years), if we all wanted to play some crap pump and dump we would just go do so.
Uplist to NASDAQ can happen immediately upon application and meeting listing requirements. The PPS above 4 for 30/90 days is a myth. With the correct sponsor (Maxim), uplist can happen within a few days.
https://www.google.com/amp/s/www.thestreet.com/amp/story/10725448/1/how-an-uplisting-works.html
I try to share my opinions....even the islander now checks short volume daily ;)
what can i say? Learn from the best (silk) and run with it
Don’t also just agree with what I’m saying. I just do my own research and speculate. I could be totally wrong about everything.
Once QB I bet first merger closure is announced very shortly after followed by definitive agreements for other mergers. Why do it before QB when the whole point of QB is to increase exposure and allow Maxim to formerly recommend to their clients like Boustead did.
Maxim, by charter will not formerly advise their clients to purchase the stock until QB is met and the first acquisition closes. FINRA laws mandate investment banks provide their clients with suitable recommendations.
Since Boustead is a much much much smaller bank than Maxim, they are less bound to FINRA’s vague laws.
Right now most investors are penny pushers, sophisticated penny pushers (ahem), Bousteads clients, individual retail who conduct their own independent research, and insiders/affiliates. Once s800 closes, we are no longer a shell and will likely see a new wave of different investors. Then, LOIs bring more. These investors generate a positive feedback loop where then more eyes are drawn.
We are a shell right now. Once QB and s800 closure we become a real spec play.
Furthermore, like Boustead did, I speculate Maxim is getting a sense of the market feel for BYOC with undulations up and down. There are also some annoying shorts who refuse to die and will die.
Short volume was 49% (10k more shares than the dump this morning).
Bout to go big league here.
Let the haters hate. Because we’ve been right this whole time, just took a bit longer than our impatient selfs would have originally preferred.
PEW PEW PEW
(And quit pumping- sheesh)
Shorting will only get more aggressive since they are running out of time.
It is professionally controlled imo...Maxim clients can't buy until officially OTCQB...gotta keep price range in an ideal place for the people who will actually move this stock...not the otc penny players.
Short vol will tell the story later if this was a retail dump, short attack, or combination of the two...just odd to do it at a time when fewest eyes would be on the market...rather convenient if you ask me.
Regardless, the red volume doesn't concern me, just annoys me.
Darn that pesky 10c wall became a pesky 10c floor...sucks for shorts.
MMs going long...take that to the bank and cash it.
Short volume from Friday: 4.54% (13k shares) that is record low. Never seen it that low or anywhere close.
Short volume from today: 23.25% (176k shares) which is also rather low.
Suspecting it gets ramped back up tomorrow.
If short vol is low tomorrow/throughout the week then MMs may not be complete idiots after all and maybe read the filings and are switching from short positions to long positions. Unsure at the moment. And not enough evidence to consider this something other than an anomaly.
That pesky 9 floor is still there ;)
My bad, not 10k but form 10
FINRA sales practice requirements may limit a stockholder’s ability to buy and sell our stock.
In addition to the “penny stock” rules described above, FINRA has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low-priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer’s financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The FINRA requirements make it more difficult for broker-dealers to recommend their customers buy our common stock, which may have the effect of reducing the trading activity in our common stock. As a result, fewer broker-dealers may be willing to make a market in our common stock, reducing a stockholder’s ability to resell shares of our common stock, thereby potentially reducing the liquidity of our common stock.
There is one paragraph of that 10K that explains exactly what we are waiting for....scavenger hunt....Go!
Fighting fire with fire. Expecting strong down pressure from MMs today. The clock is literally ticking now. They will prob be much more aggressive.
Also, can someone not let the MMs gap it up in the morning....I'm sick of that BS...it forces the red candle, it's a shady manipulative move