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Halt more than five minutes. This sneaky MM playbook is getting old. Halt for as long as it take to push retail interest out while they reprogram their HFT algos to get the price where they want it.
The "special people" missed a price...or they are short and screwed.
Very easy to move a low float around on low volume. I'll take more sub penny if someone wants to sell them.
26.8 million float.
66.89% institutional holdings!
Institutional Holdings
Starting to get oversold here.
Lol. Multiple circuit breakers are only to kill runs and open the door for shorts. ;)
$BIMI institutional holders:
RENAISSANCE TECHNOLOGIES LLC
HRT FINANCIAL LP
CVI HOLDINGS, LLC
VIRTU FINANCIAL LLC
CITADEL ADVISORS LLC
SIGMA PLANNING CORP
GEODE CAPITAL MANAGEMENT, LLC
TWO SIGMA SECURITIES, LLC
That is a lot of volume out of nowhere. No news. No social media pumping. Just took off in a huge way. Company has some very large institutional holders, so some underlying value and big money backing.
Did people just randomly run $BIMI to 40,000% of average volume yesterday?
Yesterday dollar volume traded $343,938,540
Previous day dollar volume traded $1,068,813
Quietly trades down after hours.
Hmmm....
Yeah. Hopefully legit order imbalance problems and not just opening the door for short attacks.
$BIMI wants to rip, but they are halting every minute.
Seems like they keep halting $BIMI for no other reason than the price going up.
Got a shorty coming out of the closet on Twitter...
Iceberg
Easy to knock the price down with $200 on insignificant volume. Doubt the "company" is "diluting" in hundred dollar increments.
Or just get an IB account. Trading there with L2 quotes, not "expert."
Except IB is providing L2 quotes and CDEL is taking most of the order flow. That's not Expert Market.
Pretty sure the determination actually rests with the brokers and market makers, which is why CDEL is quoting on L2. Were it not current, they would be in violation of 15c2-11.
It is current. At least as far as IB and CDEL are concerned. Props to them for doing their due diligence. As soon as the rest of the pack realizes this is current per 15c2-11 and allows trading it should unwind rather nicely, and forcefully, perhaps even well beyond your price target. But for now I'll just be happy with a market that isn't deliberately distorted.
Takes a mighty big set to short today and hold overnight into a huge gap open in the morning if the EM issue is resolved today.
Not all brokers and market makers are treating this as "Expert Market." CDEL is quoting bid/ask on L2. IB is taking orders. Hopefully the rest of the pack gets it together, and soon!
$GVSI is, in fact, trading on IB today with bid/asks posted on L2. CDEL getting most of the order flow and cleaning up. That is not Expert Market. Apparently, IB and CDEL actually did their due diligence and realize that the Form 10 meets the informational requirements of SEC Rule 15c2-11. I believe at the end of the day the decision on whether to quote and trade rests with the broker-dealers and market makers, and some are apparently more on the ball than others.
Bad if you wanted cheap share, lol!
I'll take lower. Cheap is good right now!
1,000,000 trade @0.0450. Boy did OCTM do somebody a solid!
The real cheapies went QUICK! Shares looking
Looking like OTC Markets might have screwed the pooch on this. It IS trading on IB. Any other brokers that anyone knows of?
$GVSI trading on IB. Level 2 populated with the typical MMs posting bid/ask, and they are taking trades.
According to OTC Markets own website:
https://www.otcmarkets.com/corporate-services/information-for-pink-companies
How many brokers "restricting" trades to sell only without regard to the actual SEC requirements are also loaning your shares to short sellers?
SEC Reporters in consideration of financing needs of merger candidates. OTCM backlog creating a lot of chaos, but can not override SEC compliance, imo.
From the mouth of OTCM:
When there are actual SEC Reporting EDGAR filings that conform to SEC's Amendments to Rule 15c2-11, there isn't much misinformation to throw into the mix.
Doesn't a Form 10 filed on EDGAR prior to September 28, 2021 meet the deadline established by the U.S. Securities and Exchange Commission(“SEC”) under recent amendments to SEC Rule 15c2-11 requiring delinquent OTC market filers to provide current and publicly available information for broker-dealers to quote their securities in the OTC market?
EDGAR vs IDQS: There is a difference.
Hmm...Don't see any "dumping." Nope, nope, nope.
Imagine the buying pressure when the major retail brokerages stop distorting the market.
Somehow it doesn't look like they're headin for the exist. Nope, nope, nope.