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Unless the few flippers that had a couple of block sells on the ask last week get aggressive and sell into the bid, I doubt we see anything sold below .30 cents. If they do get aggressive, the minor dip that would cause, traders would gobble up those cheapies and drive the price back up within minutes and send us higher. Either way, we're moving higher and higher and as soon as we get the huge volume start pouring in, forget about getting any on the bid. This tightly held low floater is about to really explode higher. If a ticker like $NOW, in our sector, trades above $300 and has over 10 times the outstanding shares we have here, how can we not trade at least above $1.00???? The market will see the immense upside this ticker has and as soon as the R/S official cancelation is announced, those traders will be tripping over each other, trying to buy a position, and driving the price higher and higher. Don't be left behind, bid sitting, trying to save a a couple of cents per share. When this doubles in one day, then doubles again and again, the extra penny or two it cost you to buy a position, or add to your position, will be immaterial. This will make a move above $1 very soon and with more company updates, we will be back over $2.00 and ready for more moves higher. Tuesday will be the start of a great week here, IMO!
PokerStar
Totally agree brother. Unfortunately, flippers and shorters are all part of the game. There is a major price correction coming, starting with the R/S cancelation official announcement. Like you said, flippers will be kicking themselves later and this was exactly my point to that poster. Those happy with a short term double could be happier with a 10-20 bagger or more from here. Any other revenue related PR sends this to unbelievable new highs, IMO. Peeps have to have a little more patience as huge volume to the upside is coming. We're on the cusp of greatness here.
PokerStar
I get it....I just think anyone selling now will be leaving a pile of profit on the table. My point was, if this tightly held, low floater, was trading as high as $2 on the news about incoming merger, it realistically should return to at least that valuation now that the R/S cancelation is coming. It won't go back to the $2 range overnight, but if they follow up the R/S cancelation with a meaty PR about huge revenues, well, it certainly could get back to $2 in a hurry. I understand we sit at a quick double for some who bought sub .10s, but I just think once the market gets the upcoming news, we could see this pop to over $1 on that news alone. That's the only point I was trying to make. Nothing wrong with taking profits....it's all about timing.
PokerStar
Thanks for that update buddy. Wouldn't an after hours PR be the cats ass to allow the market to realize and absorb what is about to happen here. I still don't get the fools putting up big blocks on the ask other than to try to hold back the price. I just may take out the block @ .35 to get us rolling. Anyone who thinks that the company would not follow through after touting this move for 2 weeks on Twitter is downright crazy. If I ir anyone decides to slap that block out if the way, we'd close well over .50 cents in my opinion, on growing volume. Don't be left chasing higher. Those .35s are going to look oh so cheap after the official announcement to the market. Present shareholders have an advantage at the moment. Once the market is notified, the volume alone from those starting to buy a position, let alone longs ask slapping and fighting other retail for the few shares under $2 that may be available. Again folks, those bid sitting.....don't wait too much longer to strike. 33s starting to go!
PokerStar
It's just a matter of time my friend. I'm so looking forward to all the exciting company developments that have transpired while the company needed to be silent. I'm curious where the price would be if I put up a 100K bid @ .295??? I bet the block @ .35 would disappear and we'd pop over .40 in a heartbeat. The quiet before the storm. IMO.
PokerStar
Exactly! Why anyone would sell down here is mind boggling. They are probably gambling that they can sell some that they bought for under .10 cents, sell in the .30s and buy back the same amount in the .20s before the PR drops. Quite the gamble if you ask me. The mere sight of the large block showing on the ask would have normally enticed selling but if you watch level 2 for the last 2 weeks, virtually no selling of any large amount into the bid has gone on. This is either someone or an MM trying to hold the price back while they continue to load. We may not get enough buyers to take out the block at .35 until the news drops, but if they decide to dump them into the bid to actually sell them, they will be absorbed and longs will buy what we need to, to get the price right back where it was. So if you actually want to sell them, dump them and don't wait until the final 5 minutes of the day to dump them. I
Again, I'm not sure why anyone would sell $2.00 or more shares for .30 cents???? You can't fix stupid! Too bad they can't buy patience!
PokerStar
Breakout here is imminent. Short covering and loading continues in the .04 area. News could drop now at any time. We are more than overdue for the reversal here to begin in earnest. I'll gladly take another 500K block for cheaper if there are still sellers out there. I couldn't care less where the price goes short term. If the price goes down, I may get some or all my order filled at .035, if not and the price takes off, I've got all I need. I wouldn't be surprised we get our update early next week. Hopefully they also take my advice and announce news after hours or pre market. Give the shorts here a little lesson on why NOT to short a great undervalued company for short term gains. Go AXXA!!!
PokerStar
Shorts appear to be taking their time starting to cover. It looks like they are hoping for some selling to continue, so they can cover on the bid, but apparently they didn't see yesterday's after hours news and company update. When the buying returns in full force, the ask has never been thinner, and we could move hard and fast. I bet if I put up a 10K share block bid, that would set off the shorts and the ask slapping would start again. Peeps aren't getting many shares from the bid. Almost ALL shares have been slapped from the ask. A little volume pouring in here would easily get us back over $7.00. Anyone out there not holding shares here, waiting on the bid, may want to rethink that plan if they actually want shares before the next buying surge happens, IMO!
PokerStar
Someone just slapped the ask for 5k shares and drove up the price to $6.50. No large blocks left on level 2. Looks like some more volume starting to flow in. Great day to add and ask slap after yesterday's wonderful news. Best of luck brother!
PokerStar
Shorts were able to drop the price from mid $7s to low $6s with a few lucky buyers getting a sprinkle of high $5s. So now that they were able to drop the price by shorting, I wonder just how much money they will clear by the time they are able to cover in the morning, as they will be fighting retail for the few shares available on the ask. Those shares will already carry a premium on the price as a gap up is going to happen. We longs have said it a long time ago when we were trading in the mid $7s......there is a lot more upside than risk from those prices. Today, those words were never more true. All the shorting it took to drop the price about $1.50 over a few months will be regained in one day and will continue to gain. With Nasdaq a given and more record positive numbers, we'll be back to all time highs and more by June 2022. Good luck all you tight fisted longs. Time to add huge and give these shorts heart attacks as they will be competing with retail for shares, and the ask will get completely destroyed for whatever shares may be available under $7. I bet these shorts won't pocket much profit when all is said and done. Well played Brian with the after hours news drop......gotta love our CEO!
PokerStar
Another stellar year end for GMGI...... higher revenues, higher profits, and all this without one iota of revenues from their recent acquisition that did over 30 million in annual revenues last year. I also love what Brian stated as well, which was also the same reason I suggested for moving our year end.......to align ourselves with our new merger for Nasdaq uplist reasons. Tomorrow will be the start of renewed strong buying. Between the rising revenues and profits along with our 13th straight quarter of profitability, buyers will be lining up and jumping over each other for shares tomorrow. Oh yeah....Brian's little mention about the Nasdaq uplist should help as well. It sure appears as though we are getting awful close to uplisting, IMO.
PokerStar
We sure are more than overdue for a good day and accually we are overdue for a few good weeks in a row. Tomorrow is the new starting point....on our trek back to $10!
PokerStar
We sure are more than overdue for a good day and accually we are overdue for a few good weeks in a row. Tomorrow is the new starting point....on our trek back to $10!
PokerStar
This was nothing more than a short term, ill advised, block ask slap. It was obvious to me that manipulators would take it right back down. 20,000 shares ask slapped up to $6.90. Had they maybe slapped the ask up to $6.50, and put the other 10k on the bid, we probably wouldn't have seen the weakness we saw today. Because it lost a good protion of those gains, today's weakness was expected. Had this also been backed by news or an update, we wouldn't be right back down in the low $6s again.
PokerStar
Thanks brother! Once we get through these few sellers at .04 cents and we get at least one million share bid at .04, we set sail back to a nickel. IMO.
PokerStar
The good times here will just keep rolling. Any and all news will help push us higher and higher. Thanks ORCA!
PokerStar
Power hour today could be epic. Thinking we see a real huge surge in volume coming as many are in the midst of reloading. Sellers will dry up and the ask will get spanked long and hard.....greener pastures are now within sight.
PokerStar
The break of .04 sends this back to at least a nickel in a hurry. Updates going to push us to new highs. IMO.
PokerStar
Looking forward to the explosion of price to the upside. Smart money has been slowly adding while keeping a wide spread but the spread is tightening, the bid is building and not being dumped into and the ask slapping is starting again. As long as we all continue to build the bid and let it creep up, any sellers left down here, we should be able to absorb while maintaining momo here. It's all about supporting the price and holding the gains to entice more and more buyers here before the huge announcement is dropped and the floodgate of updates begins. Our CEO has a lot of great updates to share from the past 6 months of growing the company while we waited for the corporate action to take place. And now, that R/S is being shot down and all we await is the official announcement to the market to push us back above $1 for starters. Good luck brother!
PokerStar
Is the train leaving the station??? Sure looking that way. Ask slapping and higher bids are building.....could go super nova at some point.
PokerStar
It's amazing how fast these crooks can take the price down half a cent or a full cent and how hard it is to move it back up .001. These bargains are about done,IMO.
PokerStar
I'm not sure who has this little patience to be selling a single share down here. The company has been active on Twitter explaining the delay but still, some I guess don't believe. I'll definitely take more cheaper shares but I'll let the flipper come down to my bid. No reason to ask slap now. Let the impatient come down to us. If I could get another 150K under .20 cents, I'd be more than elated!
PokerStar
I wish that MMs couldn't hide the actual amount they are trying to sell on the ask. I watch how sellers dumping into the bid sell the amount listed and the bid gets taken out to a lower bid. For far too long I've watched CDEL in particular, list 1,000 shares and see tens of thousands of shares get bought at that amount, and not only does it not disappears, but another MM undercuts the asking price. No wonder retail doesn't have any trust to ask slap anymore. This is getting old real fast. Not sure why I pay to see level 2 when it means nothing, as the manipulation here is off the charts.
PokerStar
Not only is the entire market red today, the shorting here is more than obvious. Every bid showing accurate amount and disappears when sold into but you see small amounts on the ask, yet after 10 times what is showing is ask slapped, the amount doesn't change and then another MM undercuts the ask. Manipulation on full display again today!
PokerStar
Exactly.....all because Leandro has issues with all P.R.s he releases. I noticed how easily and on low volume the share price rose to over the $1 mark over the holidays. It appears this was a concerted effort to set up retail for major losses and their major profit taking. They can now start to build a new position under .65 again. Rinse and repeat for the group here controlling the price. I wouldn't be surprised to see them drop this to mid .40s again before letting it move up. These games have gone on for over a year with apparently no end in sight. Sad.
PokerStar
Well if .65 doesn't hold, here comes .50 in a hurry.
PokerStar
They did put something out on Twitter to try to stop or slow the selloff. They did say with the financing that selling of shares wasn't imminent. I do agree, they shouldn't release news regarding 60 million in financing without divulging the details of the deal. Hell, it may be an investment by purchasing preferred shares with something like a 25 million line of credit to help finance the motorcycle roll out. Unfortunately, for now, it's all speculation. Nothing changes the fact that they are shooting for a Nasdaq uplist and with the price requirent which we are no longer close to meeting, they may actually be part of a plan to help raise the share price above $2.00. I guess we all shall see soon enough. Good luck longs!
PokerStar
The manipulation to upper .60s I was expecting. When it crossed the $1.00 on lighter volume and after seeing some profit taking dropping the price into the .90s, the subsequent breach of $1.00 was not very strong and after being rejected for a second time, the manipulation lower was expected. There has been either a group or dirty MMs doing this for months. Does anyone remember back when every time we'd break through a dime, no matter how high they'd let it run, they manipulated back down to the .08 cent area. That went on for months until they finally let it run and consolidate in a higher range. Unfortunately they have had a kung fu grip of the price movement. They can try to hold it down and maybe try to take it lower to steal shares from weak hands but eventually buyers step up and start buying heavy and they back off and let it run again. My money is on them trying early again tomorrow to drop it below .70 then after a little churning, the strong buying starts and were back to mid .80s by days end. IMO.
PokerStar
The volume here has remained robust in the last month or so. Nothing but profit taking and with the help of a group that continues to manipulate the price to load a bigger and bigger amount of the float. Eventually, they will allow it to run higher. I think they wanted to start the reloading at this strong support level. It broke below .05 cents momentarily on Friday but that again signaled strong buying to enter. The reversal and the trek to a dime continue this week. I'm expecting strong volume on the ask tomorrow without news. If we get news, we could/should return to 100 million volume days. IMO.
PokerStar
Any news the company drops sets this on fire again. I'm expecting at least a couple of updates in the coming month. The entire market has witnessed take downs in share valuation, whether on OTC, NASDAQ or elsewhere. Eventually money will start to flow heavily in the OTC, IMO, as other senior markets will continue to drop or stay flat. When that happens, growth stocks like AXXA will see some serious price appreciation.
PokerStar
You make a reservation and book a room like everybody else.
PokerStar
It's going to continue. They have been quiet for months due to this corporate action and now that they are cancelling that R/S, once official, they'll be able to give the market updates. Looking forward to the many forthcoming growth related announcements. Upward and onward folks!
PokerStar
The great news will start to flow with the corporate action canceled. CEO Stephenson is excited to tell shareholders about all the new developments since this corporate action took all the confidence out of the market on our ticker after this has been dragged out for well over 6 months. The market valued these shares before they dropped the bomb about the R/S they first said needed to be done before the merger was completed and at that time, organic growth in the share price resulted in huge interest. This interest is slowly coming back as anyone that continued to follow company developments, share prices and their Twitter account, were given a little hint about the R/S cancelation up and coming. Some that were not watching or following the Twitter account missed out on the few shares it took to bring the share price from sub dime to almost .30 cents in a matter of a week. Once the announcement is confirmed and officially out to the public, there is no reason for this to renain anywhere under a buck. Huge volume will return as many, many more traders will be trying to build a position. I suggested to the company that they should release the news about canceling the R/S to the market first then follow up by opening the floodgates of company updates, partnerships, acquisition possibilities, etc.... if not for the what appeared to be Friday flipper that put up a block of 100K shares at .30 to try to entice selling, we could have closed in the mid .30s. Some will continue to try to entice selling because when some may think they missed the boat, they start to post absurdities and misinformation to try to trick the newbies into selling so they can either flip or add to their pile. Gladly, I added a few to help the price recover from the the little bit of selling that dropped the price from .299 to .24s, before closing at .27 cents on Friday. I mentioned it then and I'll say it again, I hope the usual Friday sellers are met with a premarket announcement and those shares they sold under .30 cents can't be rebought without paying a huge premium. Premarket news would have longs and the entire market tripping over each other to buy or add shares here under $1.00. Those days are right around the corner now and anyone who bought sub .25s will be rewarded big time. Volume here is key and the company is about to hand over those keys to their kids and those keys will be used to rebound the share price to multiple dollars. I have my tickets but will be adding heavy amounts at the imminent forthcoming announcement. Good luck fellow longs and newbies here. You showed up at the right place at the right time. Next week should be one dandy green week. Go CLHI!
PokerStar
Absolutely! I just noticed the block seller @ .30 just dropped his ask to .284. Eventually he'll dump for peanuts then we'll buy it back over .30 in a hurry. If one is dumb enough to sell down here before any market update is even made, they deserve to wake up to a premarket update come Monday morning.
PokerStar
You got that right! Now if we can get these last foolish sellers to stop reloading the ask after i'ts been slapped away, they could sell for more. You can't fix stupid unfortunately.
PokerStar
Very true. As has been the pattern here lately, we get a block of early trades followed by unusually light volume until around power hour. With nobody selling and with all the great updates that are coming at any moment, it's a matter of time here and those hoping for a dip and not getting many shares below the ask will eventually understand there will be NO major dip to load and will just slap the ask before that small 100K block @ .30 is gone for good. Even those that never hold over a weekend won't be selling a share here until the news at least starts flowing. We break through the small .30 wall soon and I believe make a closing move to around .37 before the day is done. IMO.
PokerStar
Yes Sir.....huge buying opportunity down here in the low .05s. As soon as the few retail dummies stop selling, we can restart our trek back above .06 for starters today. Level 2 is as thin as ever. A little buying pressure on the ask gets us back there!
PokerStar
Exactly Crawfors......the big boys, with deep pockets that control the price direction with ease, are the ones behind this concerted takedown. Like you said, I too have seen things play out like that many, many times. I bet we are back over .80 cents in the last 15 minutes today, then easily back over $1.00 early next week.
PokerStar
Just a matter of time. Peeps know a bargain on a Friday take down day. We were trading at over .09 cents and now temporarily below a nickel. The buyers were watching to see if the nickel support would hold AGAIN for the 4th or 5th time of the original run. Many more new eyes on this in the last month and a half. Expecting buyers to continue to eat up the dip and close back above
.06 cents.
PokerStar
There were many new buyers here in the last month or so and many here are long and happy to add to the pile on a dip. A nickel has been a new solid base and I'm expecting buyers will continue to support the price there. IMO.
PokerStar