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You're right....it went to .77 last year, January. ;)
It's very relevant.
You answered my question.
Are you holding BNOW?
Questions like that are better answered by: 1) the company who you are asking if they built it...and 2) the company who had it built for them.
Brewbuilt's phone number: 530-802-5023
Boon's phone number: 530-648-1333
Boon's investor relations: 888.216.3595
You are only losing money if you are selling.
If you need to rethink your strategy fine...but the answers you are looking for, you will not get.
Please stop repeating the same question over and over again.
EXACTLY!!!
People need to stop with this 300K a day 78MM in revenue.
willful ignorance or simply did not read the PR or cherry picked or ALL OF IT!
Its like clockwork...no pun intended...I think. lol
until I do it, then the opposite will happen. damnit!
PAUL sat at .0038 for two days....market shoulda took advantage of that. Im gonna pick up more tomorrow if/when 24 hits and lower. I wouldn't be surprised if we saw a drop tomorrow (caveat being a good PR).
OK...fair. Explain to me how a t-form BUY for 50MM (or any amount) is dilution.
For what it is worth, to do those who are interested since the talk of dilution and t-trades has been mentioned ad nauseam here.
======================
T TRADES
One more time on this. If any of you want to learn what the after hours Form T trades are, then pay attention. I worked for many years as a broker/trader for Wall Street firms.
In the OTC, after hours Form T trades are almost without exception "late prints". They are the result of accumulated buys or sells handled on a "not held" basis through block desks. They have nothing to do with short selling in particular, but with buying and selling in general.
Let's say you are an insider, promoter, or finance guy and who has a large block of shares you want to liquidate (the most common reason for Form T trades, in my experience). You can tell your broker (who in the penny market is usually someone who specializes in this kind of work) that you want to sell "up to XXX million shares at the best price possible". He turns the order over to a market maker (it may be one from his own firm or it may be a market maker with whom his firm has an order flow agreement). In other cases, the seller may instruct his broker to "sell up to 10% of the day's volume at a positive average weighted price". The broker usually monitors the progress of the order throughout the day.
At the end of the day, the market maker handling the order will place a T-trade print on the tape for an accumulated total at the average price at which the shares were sold if there was still a balance left to sell. If the entire order had been completed during trading hours, the print will go on the tape normally.
All of this can work the same for buyers as well. If you want to take a large position of lets say, 5 million shares, you can instruct your broker to accumulate the stock "at the best price possible" on a not held basis or "under the average weighted price". At the end of the day, if the order was not competed during market hours, the final print will occur as a T trade at an average price.
Occasionally the trade may have been completed earlier in the day, but the customer was unsure if he might want to add to the order. In those cases, the book is left open until the end of the day and the trade is printed after hours.
In more rare occasions, the final print may have been forgotten to be entered and those trades are also entered as Form T trades.
You can pretty much tell whether the Form T trades are from large block buyers are sellers by looking at the price at which the trade was entered. If it is at the lower end of the day's price range, and the stock had been under pressure that day, it was probably from a seller. By the same token, if it was printed at the higher end of the range and the stock had been strong that day, it was likely to have been from a buyer. This rule is not absolute, however.
=============
Why do you keep on saying sold?...it was a buy, someone bought these at an average of .002745
About this:
Without exception, every time I've observed Form T's on these stocks, it's meant massive conversion dumping.
You are correct about the ones that were done previously the last month or so...
These past two 50,000,000 trades were avg. above the closing ask. That is all relative because, of course, it is an average. But its important to note, that this and yesterdays was NOT the day's average price.
Genuine question, because maybe there is a gap in my knowledge here, but how are these buys "diluted" (based on how dilution is perceived) when it is a buy?
50MM avg. BUY @ .002745 (above the ask)....as was yesterdays avg. trade.
That wasn't a dump, nor was yesterday's 50MM...they add up to just shy of $ $500,000
These are the posts we need on this board!
Thank you, Mickey!
I too, spoke with investor relations and was satisficed with the answers I got. If anybody has questions they are super responsive via email, but I did prefer the phone call.
I 100% agree with the use case/need of the product.
What I'm referring to is the various posts on here and on Twitter where people are making the claim they ARE DOING 78MM in revenue. That is simply not the case. HOWEVER, one of the huge hindrances on small businesses (and some big) is scaling a product. Having the capacity to produce that much product is outstanding. So, they have that covered.
I'm super bullish on Boon, make no mistake. Shit, my ass didn't spend my own personal time updating the iBox (intro to this board) for no reason ;)
I've just seen stocks get destroyed because of misinterpretation and misrepresentation of PR's that lead to "made-up" expectations not even imposed by the company themselves.
Anybody claiming yesterday's 50MM share BUY as dilution is simply speculating...they can not say it with any certainty at all. S
ame goes with the trade earlier in the day for 17MM. That one was claimed to be a T trade but it is not listed as such anywhere I've seen.
Few have been watching this ticker as closely as they claim. We saw various T-Form trades the past month or two...all sells...all more than likely dilution.
T-Forms are NOT always dilution, most of the time yes, but not a RULE.
We must be careful with that $78MM figure. As much as I deplore those who just come out the weeds to spread FUD. We also mustn't misconstrued the words in the press releases.
The 78MM is simply what that line has the capacity to produce at full run.
We must keep our expectations reasonable. WHEN/IF we see 8K's about orders or financials, that is when the $78MM actually means something.
Boasting about 78MM dollars in revenue or over 300K a day is WAY too premature. These claims become expectations for those who don't do much DD and then when things don't turn out as per those numbers the panic insues.
Everyone be reasonable.
A lot are getting fleeced for their shares right now.
Right now (at least today), this is not dilution, it is sell off due to those who are scared and swayed easily to sell their shares due to the all the doom and gloom that has been plastered on this board. And of course profit takers.
Intraday, accum/distro trended upwards and is maintaining. Also oversold territory earlier and still riding the bottom of the RSI. MACD has started its curl about 10-15 minutes ago and it's about to cross.
Finally, PAUL and OTCX which have been the dilutors have seldomly been on the top of the ask today, they have moved themselves down many times through out the day.
Congrats on the scare tactics, it was successful.
Dumped?
You mean a 50,000,000 BUY at avg. worth $189,150.
I checked the tape in 3 different platforms. None are showing as a T-Form. From my end it's showing as a 17MM buy.
Just checked on here as well and the trade is shown as a buy, no T delegation attached to it.
What is always dilution?
for those who don't wanna do the math...that is roughly $70,000
LOL
It needs to be a technical indicator...
I literally use it as a basis of buying/selling (like many others)...it had NEVER failed me at all. Just do the opposite it seems.
The 78MM is estimated max rev based on production capacity. You know this.
Also, the below is stickied already and been mentioned, by you, several times.
Thank you for the concern.
It is absolutely mind boggling to see these many trades sold at the bid. Nothing wrong AT ALL about taking profit, but actually selling at the bid in midst of a run like this with 1.4B in volume yesterday and half a billion today for a company that was doing a daily average of 16MM over the course of the last 365 days is absolutely foolish.
Retail mindset is crazy...doing things to do them because you do them...same with filling gaps.
It happens because it happens...market psychology is odd, especially in the OTC. It's a self-fulfilling prophecy, pretty much.
So many get caught up with what everyone else is doing and because of that they piss away their money.
I'm not "glad", because I genuinely feel for people who get caught up, I did very much when I started. I basically gave away thousands of dollars because of this sell on the news and fill the gap nonsense. There was never one time in which it didn't reverse to higher prices that would've seen my investment grow substantially.
Market tuition, right?!
Im sure tomorrow whether AMAZING news, bad news, or status quo...it will probably go down during and after the call...Just. Be. Cause!
Precisely!
A lot of people don't understand that a lot of debit goes unpaid...and A LOT of times, like you mentioned, 10% is better than 0%.
wow!
What an absolute terrible start to Monday for BNOW.
I know right!?
Can you guys help me out with something. I'm trying to wrap my head around the "W" declaration on the tape. I see it means "average", but when I look at the price of that last minute trade for 25MM it is at .00873 which of course can't be the "Average". So I for sure am misunderstanding the meaning.
Not sure if its how I'm searching, but I cant find anything explaining it online so far.
advice?
not really advice in the slightest just trying to understand the mindset of an individual who holds a stock while simultaneously calling that stock they hold a scam.
Anyway, good luck with this "scam" (I guess).
They tagged teamed for a few minutes just a little while ago...PAUL moved up to .001 along side OTCX...OTCX upped to .0015.
They taking turns...fukin annoying lol
LOL I dont know about you or anybody else...but when I bought in to NSAV in 2017 and all through out 2020-2021 it wasn't with someone holding a gun to my head.
I can appreciate that what has likely happened is you got in a lot higher than we are sitting and of course that sucks. But pull that money and try recouping else where...
I mean listen, you are literally calling this a scam while voluntarily keeping vested in NSAV.
what do you mean what happened to it?
Pick a side of the fence homie.
I been here since 2017, I've seen you cheerlead more than most and I've seen you drag this ticker more than most.
so you don't actually think it is a scam, because why would you just unload some? Unless of course you want to gain from the "scam"?
Also, if you are holding, why on God's green earth would you state something like this when NSAV would need more eyeballs and more buys in order to move up???
so why would you consciously continue to involve yourself in this scam?
absolutely!
At the end of the day, what works for me may not work for anybody else, but I want all of us to make money. So if any thing I share gets that done, I'm happy!
So much money to be made in the OTC...lots of folks have the "crabs in a bucket" mentality...if us retail traders didn't let the MM antics shake us we MIGHT make money! :)
and hey! 4MM shares is a nice chunk to have.
My only advice is, do ONLY what YOU want to do...if you feel like you should sell, buy or hold, then you do that.
I can hold and average down because I'm fortunate enough to have the cash flow to do so...but I spent a long time following what other people were doing and all it did was cost me money.
The losses are easier to bare when you know they came because of your OWN decisions, and let me tell you, the gains feel a lot better too when they come because YOU made the uninfluenced decisions that got you there.
Cheers!
Hi oncifuture...may you please use the "public reply" when replying to a specific post. It makes it very hard to follow if you are directing towards someone or just stating something.
You previously also mentioned that "someone said" something about a reverse split on this stock and then said it was a photoshop hacker when I asked if you could reference it for us as I could not find anything related to r/s and Boon.
I really don't want this board and ticker to fall victim to unsubstantiated claims.
If you have any questions regarding the stock and rumors, I would advice you to reach out to Boon's investor relations firm, Integrity Media http://www.integritymedia.com.
They are very responsive and informative and your number one source for information.
Cheers!