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Right on cue. Whoever is selling seems to be monitoring this board pretty closely.
No selling pressure yet. Good sign unless seller wakes up in the afternoon again.
Slow am, no buying pressure. More of the waiting game for the foreseeable future.
Thanks for the info. Might be beneficial for others to email as well. The squeaky wheel gets the grease after all.
Sent another email to IR and Co. Hopefully I get a response this time..
18s got hit and they reloaded the ask with 500k more. I have voiced my opinion on what I think is occurring here. To those that disagree, who would have the ~20M shares that were dumped into the bid the last trading few days?
Next time I wont say anything. Can't believe they have anything left to sell. Unless someone has a vendetta against a long here.
Same for me essentially. Trading is my side hustle, so i dont have the funds to slap just for the sake of slapping. Will gobble up teens though while I can. Just a matter of time.
Seller just sitting on the ask. Likely expecting us to slap and then will immediately push down to cover. Im going to bid sit for the time being i think. If they want to dump in the teens, not going to try to stop them.
The problem with that logic is the note that is convertible at any time. they get a 57.5% discount of lowest SP during prior 15 trading days. Lower conversion price = more shares for note holder, which is bad for us longs. They already pushed it down to 17s, we don't want to see it any lower than that prior to conversion IMO.
Hasn't anyone ever told you a stock is shit unless it does +30% every day? Come on meow, thats trading 101 lol.
There was just 355k put up on 21 after someone cleared out the ask. 1.2M on ask at 24 currently.
If you have been in since December, you saw it run from .01 to .14.
Quite the under-performance.
If you're basing your DD off of twitter, you're going to have a bad time.
Looking like the selling pressure has dried up. Might be a good time to do some slapping on that 21 wall.
GM all, hoping for a green week for $ABCE
Short volume for friday is listed at 6.1M (~81%).
Volume picking up a bit and a nice support at 19. Power hour might be interesting.
Thats what I am playing, yes. Even with the small note converting, OS still very small. Im expecting a nice run when they eventually announce the expansions they have been teasing.
Lots of absolute turds with 2B OS trading significantly higher than ABCE. Its only a matter of time IMO, but we need patience. Good things take time.
My opinion, based upon the data ive seen, is that we are in the midst of a short attack. I believe its an effort to drive SP down prior to first traunch of replacement note being converted. It could be the note already converting, which i hope it is, but short volume suggests otherwise. I havent seen anyone dumping into covers, so shorty may be playing a dangerous game.
Im patiently waiting for small order of 19s to fill. Have more funds in reserve, id like to see a green close. Im guessing we will see downward pressure this afternoon, want to keep some to fight back!
Im bidding right now. Watching whats going on for a while longer before slapping. Will hit it before EOD.
I said i wpuld slap if ask in the teens. Not the whole amount though. Im already far deeper than i need to be here.
Source for this information?
18 was shorty covering. 19s are him starting afain. I agree its manipulation
I appreciate you calling out inaccurate info, even if I provide it. It benefits everyone to have correct information presented.
Im not going to debate with you. Anyone can scroll through the board and see the inaccurate information you have been posting. No one likes to feel like they are getting scammed. You're only hurting everyone here with the misinfo.
Because you were just claiming yesterday that there is no promissory note, which is wrong. Also, theres a discrepancy between 10q OS and TA OS that has not been addressed by the company. If they reduced OS, there needs to be a PR. If there wasnt, they need to have TA clarify.
His point is that we didnt get a PR about OS reduction, so currently the 10q numbers should be considered accurate over otcmarket numbers. Either way, OS is still low, but itd be nice to get clarification from company on this, as well as more information about note/expansion.
Figured they probably wouldn't, couldn't hurt to try though. Really hoping that Merkin is incorrect and we stabilize here.
Has anyone contacted the TA since the update on the 1st? Might be worth giving them a call today.
Thats a direct quote from the SEC filing that I linked. Which part of what I stated was incorrect?
I want $ABCE to succeed as much as anyone here, but thats just incorrect. There was an 8k released on this last friday. Promissory note in the amount of $87k.
https://www.sec.gov/Archives/edgar/data/1300938/000118518518001131/ex10-0.htm
ARTICLE I. CONVERSION RIGHTS
1.1 Conversion Right. The Holder shall have the right at any time on or after the Issue Date, to convert all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of this Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price
They can convert up to 9.99% of OS (~24M) at 57.5% of lowest SP of previous 15 days. Which puts the current conversion price at ~0.0010. This is why I believe we have seen such high short volume in the last few days. They want to get us as low as possible before they convert.
OS is 235.5M as of 6/1/18
Short volume was high again today (6.4M, ~88%). This is in anticipation of the note conversion. Us longs need to work together and push back. I don't want to see note holder get 80M shares, and I don't think anyone else does either.
I disagree, as the short volume has been very high the last few days. I think its more likely either shorts working with note holder or some shorts being ballsy expecting the conversion and to cover in the teens. I don't see retail dumping at this point, as they would be eating a loss. Any flippers from the teens in May would have already dumped out on the one of the previous run ups.
I've been posting the short volume the last few days for a reason! Someone is shorting to try to drive this down for note conversion.
There was an OS reduction on last update with OTCMarkets. I think that is where that came from. Nothing on it from the company yet, as far as I know at least.
Shorts/MM passing shorts around. As long as we don't sell into their covers, we will be alright.
I'm not that surprised to be honest. The new note holder is clearly working with someone to walk it down for their conversion. Support has been pretty solid this week, but that dip into the teens on tuesday will probably keep them trying for a little while longer.