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At least. Prob lower with the way it’s been dumping imo. Feel bad for those who loaded at 0.19……. Hope the cut that sh*t before getting in deep red……. It’s only going lower with no real current catalyst propping it up. In otc land, market cap of a few hundred million is ridiculous unless they show real value……….. expecting dub (0.00x), wouldn’t be surprised if this touches trips (0.000x)
It’s otc. Meme stocks and pump groups front loading, then selling trash onto the gullible. This could be a monster, but, some things aren’t feeling right here
Retail doesn’t trade like that. Agree to disagree
At least. J fam has plenty to sell atm….. smh. This price action is so nasty right now
How low can it go? Lol
Good trade sir
Financials and filings will show us what we need. Dilution (if limited and not ugly amounts) isn’t a horrible thing. The question is, how much. Either way this will be a wild ride
That’s exactly what I meant as retail lol. It’s gotta be J family or somebody dumping size. That or dilution. Only way to see will be filings
I took my 18%, not trying to be greedy lol
Retail people buy and hold more often than not
Wild. I doubt it’s retail traders tbh. Will see. 0.11 to 0.13 w decent size….. I’ll take the win this am lol
I sure guessed wrong. Congrats to all. I’m going to bed lol
Each time they piggyback news or positive price action with dilution. June 9th till prior day they’ve kept pps below weekly vwap…. That’s not retail traders consistently selling. It’s been so nasty / frustrating they keep bidwacking whatever volume on bid…. Once again, retail traders (you, me, people like all of us) don’t trade like that…… thus could become a powder keg if they lay off dilution and people get into it….. just feel there is a higher probability they will continue to do what they have been doing until a deal is made…… and fir everyone’s sake, I hope it’s favorable to all parties
Without catalysts it’s unlikely. June 9th to recent this trended from 0.12ish to less than 0.04. Imo it’s more likely we will see this trend down if dilution continues as it has since last month. I’ll put some limit buy orders around 0.02ish along with alerts in event they continue to treat it as they have for the past month……. Don’t get me wrong; if creditors come to a fair agreement and they end up saving common shares, this could be a wild ride in beginning of August. But, the ceo delaying financials/ not sticking to deadlines previously discussed may have people acting extra cautious……. It is what it is, until it isn’t
Need to see what ceo and creditors put on the table. Dilution needs to be factored in as well unfortunately
Higher probability of dilution until end of month imo. That ain’t retail traders selling / dumping. Still waiting till end of month to see financials…… that’s a long wait
Candle body broke through vwap….. smh….. was so nice to see this trade above for a brief while
Agreed. Just sticking to technicals for now. This one trades ugly. Just as fast as it spikes, it dumps. Hands on the wheel at all times mentality
Can’t win em all. Was a nice run, though. No immediate catalysts driving this / supporting price action to make me comfortable in holding this overnight. Ymmv
Small trade 06-078. Not a bad Wednesday. Still got time / watching. Will it get cheaper? Or will it trade in this range is the question lol
Unfortunately it may still get there. Waiting till eom / just watching / no holding
0.00 just around corner. If ceo filed like he said, woulda remained public / hit 0.3-5; now will be lucky to hold above 0.003, 0.005. Good luck to people if holding. I personally sold but will continue to watch. No pressured to buy
I’d recommend on reading on June 30th otc changes that take effect. If companies haven’t filed before deadline for quarter, they trade on borrowed time / 100% will be suspended august/ September. In order to become publicly listed / traded / publicly quoted, it’ll be a lengthy process. Volume will be anemic….. selling will be difficult if not impossible until listed. Sure, they can save common shares in future, but, who will be willing to wait 0.5-1.5 years for that to happen?
Get out while it touches 0.00
There are other plays to recoup…. Still frustrating. I’ll stick to watching not expecting anything worthwhile until potential filings end of July….. but, will anybody care by then? Volume and price action showing sentiment. Still have a month before ceo claims he will file (he’s shown us he’s an unreliable character/ unreliable historian). He clearly missed deadline yet again. Otc new regulations and restrictions/ suspensions in play moving forward come September if the didn’t meet June 30th deadline…… (nokpf didn’t )
I feel that. Sry man. I cut bags significantly in the red with this. But, better to get out before it’s back in dubs. Wish I cut position flat. I had hope before; but, now I believe the ceo is incompetent/ no interest in retail shareholders or preserving value of common shares.
Ouch. Back to dubs. Hope everyone got out or managed risk
Market is unpredictable. I’m just trying to focus on risk management/ keep up with trends. This past year I’ve seen some of the worst setups run wild, and great setups / solid plays trade like garbage. It will be what it will be, until it isn’t / or is…. Lol.
I held in red as I took risk *hoping* financials would have been produced on / before promised deadline…… After June 30th, new otc guidelines setting in “Companies that do not provide ongoing current information and do not meet any exemption under the rule will no longer have their stock publicly quoted.”
Basically suspension and grey market. “Grey Market
Grey Market, "OTC" or "Other OTC" is a security that is not currently traded on the OTCQX, OTCQB or Pink markets. Broker-dealers are not willing or able to publicly quote OTC securities because of a lack of investor interest, company information availability or regulatory compliance.”
I would have agreed if ceo got financials out before July 30 deadline… and honestly felt it had greater potential…… the delay and failure to meet deadline were a huge deal breaker for me…….. liquidity and availability to trade, that matters.
People can speculate what will happen with pps all they want, but, how do some people expect to be able to trade with sizable positions after suspension. Discussing downside risk; how long will one end up stuck bagholding? What if they don’t save commons and just award new shares to ceo and family along with debtors ( not considering retail shareholders)
Anybody aware of otc new guidelines and requirements? Otc about to change / lotta lazy reporters gonna get thrown out….. If not, it’s worth reading up. Lot of non current / non reporting companies at risk. Nok not submitting fins was a horrible move by ceo……. To the people saying “ last time X company was delisted it saw x price”……. Smh….. did u factor in daily volume then? Those days it was at that price per share volume was anemic……. Imagine being stuck with a few hundred thousand, or a few million stares……. And you’re competing with how many other investors to sell a small limited amount per day…….. pointless to own a few hundred thousand when you’re unlikely to be able to sell at all / people unable to buy r/t suspension/ restrictions
Nice! Thanks for sharing
Frustrating
Nok website said delay. As of today (dated29th) fins not coming for another month (smh)
Reach out to nok airlines about financials and delay / deadline that’s over a month past suspension deadline. Once suspended, it’s very difficult to get current and listed again. Some people posted on stocktwits and twitter company discussing bs delay
I wish everyone here the best. You can do whatever y’all wish, but, I’m not liking this anymore / some actions and statements by company and ceo rubbing me the wrong way
Sry y’all I’m out. The financial delay is bs. Last minute “software” leading up at least another month…… f**k this ceo. It’s getting suspended
People should start talking smack to company and ceo on all social media platforms lol
He’s still got a few days. But, if ceo doesn’t file, he can go get bent. Family would probably disown him lol
Jc will be passed around plenty in prison. Cob currently on suicide watch per grnf vip group
My buddy tried ordering from them a few times. They received garbage / labels that seemed to be done by preschooler…… no safety testing / no quality control or regulations