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Company has stated multiple times that they will be evaluating new business strategies, possibly through merger and acquisitions. The net proceeds from the sale will currently go into operating capital until the company decides what to do.
What we have :
Company with a clean balance sheet, and over $20 M in liquid assets. I think their initial estimates were high by just a few million on what the expected (23 M).
Very open to a merger/acquisition/change in direction.
What we need to know:
How much the company still owes the Series A preferred shareholders.
What the company will now do.
Common shareholders do not benefit in the event of a dissolution, but dissolution has not been confirmed, either.
Waiting to hear back from the company. I imagine they are rather inundated with calls, currently.
Great numbers, now we just need the story. Good luck to all here, hoping they turn the same direction every other energy company has decided to go, personally. :)
That's why I sent it to Beamin and Chrion. I figured it would get to the wolf. Lol.
Shorts showed up early, because it is a ridiculously easy target after being on otc gainers list. I am willing to bet about 3 M in vol was a beautiful short sale with nice scare tactics. Still looks like they have more assets to sell and the balance sheet on 1 Q looked better than end of the year. Very low float, so we needed some liquidity anyhow. This just adds lots of potential volatility. Remember, as well, those selling at a 33% loss from yesterday's gains still are probably pegging 150% in profits.
Got to this a bit late. Saw a ton of short action on the l2's here. Nice panic run. Let me double check something.
Lol. Happens all the time in OTC these days. Too many people are still scared, or just more content buying cheap shares from selloffs instead of jumping into the ask sometimes. It is very irritating, but part of the market tricks, recently, that are getting more common. If people keep falling for it, then they will always be able to do it. That was a flash of 10% of total trading volume in the final 5 minutes of trading. Very poorly traded if those were pattern day traders. Definitely looks like the usual antics of shorts, though. Hopefully, shares to short will run very low tomorrow, and some good news will take them out of the way and add to the rush. The chart is set up for an overall positive week, anyhow, with a possibility of pushing over previous highs. If we can make over previous highs within 2 weeks (with the correct catalysts), it would set the chart back for an even larger and longer overall uptrend, as well.
Definitely short manipulation. It is very typical to attempt to push the price down at the end of the day, especially if they were still short from this morning. It sets up to try and trigger another selloff first thing in the AM. Hopefully news drops and blows them out of the way for us.
Looks like afternoon forecast has a good chance of a cover party. Still looks like a decent amount of shorts may want to cover this afternoon, with the MM's propping it up all day and a pretty even buy/sell pressure after the morning rush.
MM's are eating up all the shares at these prices, still. Let's see the bounce off .021 to .0225.
Still holding well through lunch time lull. Looking good for .023 break this afternoon, still.
I didn't say it was bad right now. It has been bad recently, but at the moment, the upward trend might trap them. It depends on how long they are able to hold their position open, as well. If more shares are sold, and the ones they are borrowing get sold, then they will be forced to cover when the shares are recalled. That would mean a guaranteed buyer at higher prices. However, if volume is low, and they are able to find more shares to short and hold positions open for long enough to cover, it can cause another washout. So, no, right now it isn't really all that bad. More entertaining, really, because I also hope that they will be forced to cover and buy up the prices more again.
We have short attacks and profit takers, but some MM's are bringing this back up now, as well. So some manipulation is still being attempted, the negative pressure is just not as successful right now.
Still holding a strong uptrend even with some attempts of shorts and profit takers. Looks like it should be a nice day.
Yesterday was the set up for today. I was hoping for a stronger hold than this today. Lots bailed.
Lol. Yeah. That is somewhat frustrating. The talking cat was probably part of the group shorting this stock and deepening the draw. Hopefully this is the panic washout and all the shorts cover tomorrow.
Lol. Yeah. That is somewhat frustrating. The talking cat was probably part of the group shorting this stock and deepening the draw. Hopefully this is the panic washout and all the shorts cover tomorrow.
They said no notes due for conversion, and no dilution.
Massive short selling this week. The volume declined, but the amount of short selling has not. We saw 40% yesterday, looking to see how it goes at the end of today. Possible cover into close, though, and tomorrow should be green, as long as we don't have a panic wash out.
There are no notes due and no dilution. This is pure manipulation. 40% of yesterday's volume was short selling. This means it was selling volume that the market isn't actually calling for accounted for 40% of trading. All solid manipulation and fear. You can direct complaints to the SEC. This amount of short selling volume does not adequately allow an accurate price to be set by the market.
40% short volume yesterday. Keep that in mind while watching today's action. Shorts are going to have a lot of covering to do friday, hopefully (as long as there aren't too many more retards that sell to them).
Still looks like major short volume to me. After 40% being shorts yesterday, it looks like we are moving closer to 50% for today, if this continues. People are getting manipulated here a lot. Tomorrow will have to cover positions, most likely.
This would be an easy stock to short - if you had a group doing it together, especially. It has been going on here for a while.
Oh ye of little faith. Lol. I am excited, personally. Waiting to see the short selling numbers for the day. The news today is excellent. They have NO convertibles, NO payments due, and NO dilution!! Now, add a $2M credit facility for product launches/expansion? It really shouldn't be much of a question, if it weren't for short sellers being a pain in the ass, and the trading activity not being the best, because people don't think for themselves or in a logical manner.
This board and a handful of others still have too much unsupported claims and senseless bashing spam. Always on the boards of stocks that have short selling pressure. It is rather irritating. It is like that one fly you can never slap, but will never stop buzzing in your ear.
Shorts. Report suspicious activity to the SEC. I do.
That looked again like a classic short attack. Same rapid fire trading against the bid.
You have a lot to learn if you think nobody can short OTC stocks, buddy. Check suretrader or interactive brokers. If you have the money to hold the position, then you can short as much as are available. This is a rather nice start up of a company, and the $2 M gives them a great start to put lots of products on shelves. Didn't you already admit to short selling this stock in the past?
Huge short volume early. There were some very large short attacks this morning on every rush. Shares are being made available to short sell immediately. I have already submitted complaints to the SEC on the usual suspects.
Dependable short party on low volume. Little bastards back at whacking the bid down. Been a boring tuesday for most stocks and pretty bad for a lot of them, anyhow.
Claytrader just does basic charts. The only reason people listen is because they are too lazy to chart themselves. Although his predictions can sometimes seem rather self fulfilling. That is the danger, though, with that many idiots actually watching one person.
Still waiting on that short attack. I would be quite surprised if there were none this morning.
I would expect somebody to try and dip this again some tomorrow. I am sure there will be multiple opportunities with the recent volatility. Still not worried, good time to add some more. I would have to say the shorts played the timing of the CC and peoples' fear exceptionally. The MM's have been reloading, though, so maybe we will get some liquidity back and move us up to new highs within the next week. Very entertaining week.
???
Sideways trading can still occur with a decrease in price, with low volume. Just gives a larger price correction in the end. :)
Definite pop next week, I would say. Anticipate the walk down tomorrow, might be for a decent percentage. There has been a consistent occurrence of that in this stock, and the opportunity to push into sell off friday just seems like the time we would see possible short positions increase. The usual antics. Might be another good loading zone. Any news catalysts next week, though (as long as it isn't bad), should push this up around .15 again.
Just needs some news with the new ticker, to bring dome volume. Just very slow day. Not a bad thing, though.
Report suspicions of manipulation to the SEC. Only way to get it weeded out. It is rather disgustingly obvious, though.
A lot of people actually have. The general consensus seems to be good about it, as well. I, personally, am more of a monster fan. Lol.
It should mean that FRTD just secured some serious funding (enough to cover their share buy back program we know, but more than that we still need details). The 500% part was for anybody worrying about the conversion of the notes, they still have a long way to go from these prices. What are you trying to glean from this, exactly?
Okay, that makes more sense. Lol. I do doubt even that, though.