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If ask dips down into teens ill snag more. Ive been slapping the last few weeks.
Whoever dumped into 21 threw up 1M on the ask. Shorty still playing games trying to help note holder.
Give it time. Its extremely undervalued and we have been battling note conversion and shorters the last two months. Should be almost clear of that now. Future is bright here IMHO.
Decent day all things considered. Short volume was high again today (6.6M, ~75%). We'll get there.
Could be shorty playing games again as well.
They were most likely covering during the day yesterday. Let them short, they are playing with fire with news pending.
Can you share the response?
Short volume today was 10.2M (90%).
http://www.volumebot.com/?s=abce
.05 -> .097 over two months. Thinking most of the market is informed.
Agree with your assessment. Without buying pressure from retail, they will be able to drive this down as far as they would like. To stop that requires new buyers, and we are not going to find them while we are in a free fall.
Everyday this board makes ABCE look like a pump and dump. No wonder we can't get any new eyes on it. We need to be promoting the positive aspects of this company with factual data. Not just posting hopeful spam as if it is meaningful to any trader worth a damn.
Company needs to handle the manipulation by note holders. They fall silent far too often
Support at 20 is about to fall. Is that CDEL dumping again?
Need some new eyes, i think most of the peeps still here are pretty well topped off.
Gains are one hell of a drug
I think you're exactly right about what is occurring. If we time it right, we could get a nice squeeze on them. If people keep letting them cover, theres not much we can do.
Lock em up tight and dont sell into the cover. Make them slap to cover.
Regardless of who was selling, we still churned through them nicely today and ended green. Someone was playing games in an attempt to get us back to teens. Without a form T, I'm guessing we will see a high short volume today.
My interpretation of the release was that the maturity date was 180 days of the issue date or original note. Meaning they could convert immediately. That seems to be the minority opinion on the board, so it might be prudent to read over it again.
Doubtful its retail. Can't see the tape, so just my opinion, but if it is retail, they are taking a large haircut.
I think we are going to see a very high short volume today. Pretty clear that someone is desperately trying to get filled in the teens. Took more today at 20/21 but just had my last bid taken out.
Did that 500k at 22 just get moved down from 25?
17k, a $34 trade just to push it back down.
Thats just my interpretation, most likely I am not correct. Its apparent someone wants to drive it down to load up at 19/20 (or lower). Doubt many from retail would be selling at these level. Where did we land on the 180 day maturity for replacement note? If its not note conversion, that really leaves only one likely source.
I'm actually more curious about seeing the short numbers for today. Planning on bid sitting this week to try to block covers, depending on what short vol looks like today.
Can't see L2, so not sure exactly what is happening today. Just looks like someone really wants their 19s/20s bid to fill.
You might as well just wait for it to get whacked back down. Someone with shares seems pretty content to drive it back down every time it gets slapped. No sense in overpaying when you can load cheapies.
Someone had a fake support in, guessing it was the same person on ask at 25. when no one was hitting the ask he pulled them both.
Someone is playing games trying to get back in the teens.
Nice recovery on low volume this morning. Panic seller made someone happy.
Anyone familiar with L2Capital? Any of Companies they have worked with? Wondering how they are going to handle the note.
.0019/.0022
Not good for shareholders when its not accompanied with a PR. Looks a lot like panic sells late. Thats frustrating.
Hard to say, at work and trying to skim it the best I can. Maybe a good question for CEO when you talk to him. Also, if you could ask him to stop the late friday afternoon releases, that would be great!
Maybe I need to reread quick. Thought it was convertible at time of issuance? If we have 6 months before conversion, that would be HUGE for ABCE!
Its a replacement note. Closes out the one listed with Blackbridge and transfers it to L2Capital at a lower interest rate. The note is convertible at any time, so nothing has changed except for the interest rate of the note.
Yes, but it was then sold to L2Capital at a lower rate. Still $87k that can be converted.
Was wondering why we got a 300k+ slap at 31. Will read through it quick
Just friday selling, nothing to worry about. R-E-L-A-X.
I cant DM, but thanks for the info. When he responds, please update the board!
With the float being essentially locked, I'm not sure why everyone seems worried. This will run, just a question of when. If i wanted 30%, i could have had it weeks ago and moved on. Be happy there is still time to load more at these levels.