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It does appear that the last few days the price is being kept down for larger buyers and/or sellers to get a certain price range. This should have definitely broken .38 with all the volume. Hoping that once this loading is done, this is allowed to trade freely and move up...
Whole lot of volume going through that isn't at the ask or bid?
Was nice while it lasted. 30k poop on bid took care of that.
Still a nice upward pattern but come on...
Yeah. I know this. How many has MICA actually sold today at the ask while showing 2500 shares?
Anyone have a screenshot of today's L2 by any chance. It would be interesting to see the pattern of todays trading...
How has this not broken .37 yet? Not sure because I don't have L2 currently but it looks like thousands getting bought at ask, followed by 100 share sells at bid then the ask reloads.
Kind of looking like a break of the .37/.38 wall could be huge for an actual move...
It has shown 5000 the whole time and have seen a minimum of 7k go through at .37 today alone and I haven't seen all of them I'm sure....
Getting some solid buying now. If buying pressure continues we should start to see some larger moves up instead of a penny at a time...
https://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=28569
Another acquisition announced today. You would think interest will start coming in soon...
How about a retirement of shares to go along with the new revs??
Damn dude, got me excited and its old news.
However, they did release their financials today. It is unaudited however which is odd because they listed the reason for their notification of late filings as "Our auditor has not been able to complete the review of the financial statements." So, maybe they are still working on releasing audited financials?
Currently this is in a PPS range that generally doesn't draw too much volume unless there is some real reason. Anywhere from .20 to 2 seems to be no mans land for the penny investor as there isn't enough volatility or possibility of the elusive '10 bagger' to draw their interest. And it is currently not relevant enough to draw in upper level investors.
Well it looks like the company is starting to make their intentions and future quite clear to investors.
They have secured funding for acquisitions and today completed the first one. They are also in the process of completed audited financials, which has definitely never happened with any of the previous companies associated with this stock. The reverse merger and split have made a very reasonable share structure which actually withstood any sell off which usually occurs after an RS.
Everything is pointing towards the company looking at expanding and eventually uplisting, maybe even eyeing the big boards.
That would mean they have to maintain a much higher PPS. Having audited financials and now a movement to expand and acquire new business should really help with that.
It sure would be nice if they decided to retire a ton of the shares also....
Ask listed at 39 cents currently. Wonder what would happen if someone hit that ask???
True. Critic Clothing is a steaming pile of dog crap.
Shareholders who didn't flip on the multiple pumps got screwed, welcome to penny stocks. Now we get a RS from a new company that has actual business and revenues which is better than if CRTC did it while they were still owners of the stock.
What they need to do is to clean up the debt and SS a little more to make this super appealing as an entry level investment for actual prospective investors. No need for a bunch of BS press releases, just clean the stock up and let the business speak for itself...
Well it is a good sign that the ass hasn't dropped out of the pps after the RS.
Unfortunately for us investors, an RS was the best course of action for the new company. They now have a good share structure with a way more respectable PPS.
Now. If they eliminate the debt somehow and retire or restrict most of the company shares, this is an incredible situation for new investors.
With the companies revenues and national interest, I am sure they want to eventually have a legit, ie big board, stock. This only happens if this trades 10x higher and is stabilized. One way to do that would be to ensure new shareholders debt is not an issue and SS is stable and won't be added to.
Yeah, if the 13.3M shares are legit and they are able to be sold off soon, they will make way more than the 200k they are accounting for (probably like 4 to 5 times as much).
All they have to do is sell above .01 and they make out like bandits.
There are likely only 1.7M shares freely trading currently. Without any sells this could go quite a bit higher.
IF the new company wants to have a legit stock, it needs to trade well into dollars so I wouldn't be surprised to see many of the 85M shares the company owns either retired or restricted.
The sellers of the business have shares still?
I was under the impression that the share structure is now as follows:
1.7M = old shareholders from CRTC (currently the only tradable shares)
13.3M = convertible notes from old debt (terms of when these can be converted seem unclear)
85M = New shares owned by Deep Green that have yet to be issued (unclear as to what the company's plans are with these ie. how many and when they will sell these to the public)
Am I wrong about the current share situation??
If this is the case, is it possible the 85M shares will be restricted and held by Deep Green employees, therefore making the float 1.7M currently and possibly 15M once debt is converted?
Would be great if old investors held on. This would only go up with developments from new company and would trade in the dollars relatively soon.
However, there were only 1600 shares traded today and the spread on ask and bid is large. Meaning there is zero attention and quite possibly many people can't trade the stock yet or won't until it has the new ticker.
We will see.
The people who have been in this stock for years likely made money off of the pumps that occurred on numerous occasions and are now sitting on free shares.
However, for the newer investors, their pps avg is probably somewhere around .0004 or .0005 at best. So, for them to even break even the pps now needs to climb to close to 50 cents and defy all RS trends of initially getting dumped back down to old levels.
If this company is legit and wants a real stock option, they will be looking at this trading in the multiple dollar range so if people are patient (doubtful) this could still be a little profitable. It will take time though and it won't be the huge gold mine all the prospectors on this board were hoping for.
That is unless it falls all the way back down to trips before the company starts an awareness campaign and eliminates all its debt... If that happens I will definitely be reloading.
Depending on your brokerage firm, you could have the shares converted today (1000 times less). Mine are already switched over this morning.
I now have 10k instead of 10M. Fantastic.
Yeah me too. Once this goes through the RS and then gets dumped down to well under a penny. My legacy share count of 10M will only be 10K and will likely go from 20 cents to under a penny in days, so unfortunately they are essentially worthless.
This will be a good investing opportunity once the ass drops out of the post-RS price and stabilizes. The SS will be very attractive, debt will be under control, and it will be a nice bottom entry play with a real company with good revenue.
However, those already owning stock are totally boned and can just hope the PPS will eventually rebound after new investors come in.
Huh? My charts say volume is zero today, 8m yesterday, 700k day before, and BIG volume day was 21M on Friday.
That is ok on Friday but not really BIG volume by any means for this stock.
We would need like 10 times that to indicate something is actually going on that is positive.
Been out of town for awhile. What's the volume been like the last few days?
I'm sorry but if you are creating a penny pumping web page why would your selling points be a 1000:1 rs and 13 Billion shares of convertible debt that can be sold off at will???
It's not in the PR but it is in the Material Agreement posted on OTCmarkets on August 30th which explains all the details of the RM.
Section 5.06 Certain Actions to Commence at the Prior to Closing Date.
b) Commence efforts to complete a 1 for 1,000 reverse split of the Common Stock (the “Post-
Closing Reverse Split”). The completion of these efforts is expected to occur after the
Closing Date, as they require notice to FINRA.
How has this not generated any interest?
I imagine people are still looking at the share structure and wondering what is happening with it.
You are right, they currently will just have the 'authority' to issue the shares. There are 2 ways it could go I suppose, they issue them and then do a RS like they said they would, or they retire all the shares. I'm not sure that they need to maintain the 80% for the IRS code for any amount of time?? If they do, then retiring shares is not an option.
Also, if they are looking to uplist and make this a legit stock, an RS makes much more sense than retiring shares as it will put the PPS in a much better starting range with a better share structure.
I know it will suck for us legacy shareholders, but not sure how it is in the new companies best interest to retire shares??
Except they said they would temporarily increase the OS to 100 billon to allow for True Green to have 85% of the shares necessary for the RM and then do the 100:1 RS which would make the OS around 100M. This isn't great for the current shareholders. If they did RS with current share structure and had only 1.7M in float, this would likely blow up to 10 to 20 times its value.
This is my thinking as well.
If Deep Green is serious about expanding and going public, they don't want to be a penny stock anymore and to get on a big board they need to trade much higher than .30.
Initially, the price will crash because everyone always bails out on reverse splits but it should eventually level out and could be a good opportunity to move big time with a new set of investors and good share structure.
They aren't doing anything except acquiring the ticker. The middle man, Faglioni, is likely going to manipulate the SS so the RM can go through, then do Ras to make for a nice SS for new company and future investors. Why would anyone care about CRTC shareholders or people trying to get rich playing a RM pinky flip??
Sounds great, we all would like that to be the case. How exactly do they control the SS and allow for new company to have the necessary 80% without doing exactly what they say they are going to??
Did you read the signed letter of intent?
It details exactly what is going to happen.
The introducing of 100 billion new shares and a subsequent 1:1000 RS are being done to not only give the company the necessary 80% controlling stake necessary and to allow for the convertible notes but also to create a much more manageable share structure.
This company seems legit and if they want to go public, they will need a legit ticker that doesn't trade at .0003. Once they go through with all of this eventually the dust will settle and they will likely have a PR campaign to try and bring the PPS back up so they can uplist and trade on a much better board.
Unfortunately, this all means the legacy stockholders are absolutely shit upon. I have actually never seen such a giant poop being taken on shareholders faces... It is the ultimate hot carl transaction.
If they indeed retire all the shares and it was just to be able to complete acquisition, it won't affect legacy shareholders much, may even be good. However, I don't think that's the plan. From reading the loi, it looks like they are attempting to totally restructure the shares here. By issuing as tons of shares only to immediately do a 1000:1 rs, what does that accomplish? It virtually eliminates legacy shareholder power down to less than 2%, it allows for a new, very manageable 100m ss for new company and when they sell the other 15m shares, eliminates debt. If that happens the pps will be .30 and will immediately drop to likely under a penny, which will be a good investment opportunity for new investors. Current shareholders? Likely totally shit on...
Alec didn't really accrue any outstanding debt. The debt associated with the ticker was there when he got the shell. Half of it was taken care of through selling of shares late last year and early this year, which is why the AS went up about 700M.
According to the statement on OTC markets, the new CEO is taking care of the rest of the debt, which was somewhere aroung 20K.
Only a Sith speaks in absolutes...
Did you see a 107M share dump that no one else saw??
When has this hit .0002-.0003 today??
Still 82M on the bid at 3s.
Who exactly is Nick?
Well, one of the 2 things is likely going to happen. To attract a somewhat legit company to do a RM I would imagine you can't have 5B outstanding shares. A share reduction would be a great catalyst to bring in shareholder interest and money. If new CEO reduced share count by 2B, he could sell off his remaining 1B into the volume and make a killing on his 25K investment.
If he does RS, investors will flee the stock and he won't see any interest for a long time. The share structure would be more attractive to new RM company, but what's in it for John??
He didn't buy this to help out some up and coming company solely or to help out the shareholders. He bought it to profit...