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Fair value is way higher.
All you need to know is GM is investing $35bn in battery technology and this company is their major partner.
With this tiny share structure and I’m presuming a float that’s already locked because it’s just tiny there’s no telling how high it can go to get to a fair valuation!
Message me when you get in.
Hello my friend long time no see. What was that stock that had a 300k float (also on OTC) that had a court case for their disaster management software being stolen by insiders who then set up a company to do the exact same thing?
This one can see moves like that one! Went to a $74 intraday high!
Don’t forget insider buyers CANNOT sell shares for six months after purchasing them nor day trade them either!
I don’t think the CEO will vote for a reverse split if he added even more shares to his stash yesterday!
Here’s the link to the OTC Markets COSM Disclosures page.
https://www.otcmarkets.com/stock/COSM/disclosure
The board doesn’t come up properly when you add it to your watchlist.
I’ve asked admin to make the necessary adjustments.
That’s probably why nobody is chatting here - because they can’t find the board on their watchlist.
There’s a cup and handle formed nicely on the chart into the close.
I’m so glad that nobody “painted” the price up at the end of the day. Otherwise market makers tend to go out of their way to play around with the price at open the next day.
Also it’s better that those with big followings don’t say when they’ve sold a stock because all their followers just dump that one crashing the price and buy into the next alert.
Much better to let people decide what their profit target is.
Actually the S3 data that reported the 700%+ short interest is acknowledged to be the most accurate and a subscription to it costs $9,000.00 a year.
So unless you can show me anything other than hearsay. I’ll take my information from those in the know.
Many thanks.
Like clockwork at 10am EST it starts moving back up!
For comparison purposes. I was wondering if you know what the actual value of GM*E shares was compared to where the price started to run upwards from?
There is a strong similarity between COSM and that one. articles I read about GM*E at the time acknowledged that there are more shares shorted than there were shares in the float. What that implied was that periodically, from time to time that there would be a squeeze on shorts holding a NSS (Naked Short Selling) position as they were squeezed from time to time. We can see that in the trading patterns of GM*E.
However, by far the biggest short squeeze was first one.
Another two hours to go in out of hours trading. Plenty of time to see 70’s and turn them into support.
Everyone should remember that insider buys are restricted from selling for six months!
Also the CEO can’t day trade or scalp the stock all day either. The only other thing that the CEO could do with the shares he bought today during the next six months is retire them.
Looking forward to hearing the company’s plans sometime this week going forward.
Hopefully all of them!
The effect of this is to keep momentum in an upwards trajectory. Here’s the thing to remember that the chart is trending upwards very nicely. It’s not going parabolic needing a price correction.
Instead major indicators are moving up systematically. These huge buys we are seeing are from highly experienced and skilled traders who can run a stock legitimately just by where they place their buys and bid support.
Actually what is happening each day is that the shares you see are traded multiple times each day. Traders buy, scalp, sell just before resistance is reached then reload on the small dip to scalp again.
People need to understand that this has generated the same amount of interest as GM*E did.
The difference on this occasion is that it’s generated the buying pressure to force the shorts to cover.
There have been several large buys all the way through but especially today from retail buyers as high as $100k+ today.
Anyone buying at these levels will be holding for multi Dollars.
To reiterate, the Investor Relations manager received calls from all over the World this weekend expressing solidarity with OSM and wanting to help fight shorts by buying the stock.
That’s what we can see happening here right now. Don’t overthink it!
Exactly. The company’s Head of Investor Relations has received calls from all over the World this weekend supporting the company and it’s efforts against the squeeze.
So anyone thinking they will buy lower had their chance on Friday!
That’s exactly what I quoted earlier!
That was scheduled at the time of the SEC notification of the share price being below 10c. That’s clearly not the case anymore!
Wait and see what happens next week. Believe me from what I’m reading on social media, it’s coming!
Someone buying 28000 shares at the ask on a holiday just before the end of out of hours trading is not chump change.
Some very big accounts on Twitter are in this which will also have taken a lot of shares out of circulation. Small cap companies are where the gains are to be made at the moment!
Too funny that these discussions always come up after market close on a holiday weekend because they have the greatest chance of staying on the front page of the board!
That’s just bust a gut funny. How stupid of every trader not to realise that the CEO with all his millions in ready cash and sound business strategies decided to buy up a HUGE chunk of the float leaving the tradeable float at about 36m shares just to then sell shares in the open market.
That figure has been worked out by Bmoe on Twitter who’s even been posting on iHub again this week after a long break!
Everyone knows as Scalpit (also on twitter) has reminded everyone, that insiders who buy shares, even if it’s in the open market cannot sell them for 6 months. They can’t day trade them for short term profits like some have made a career out of!
I’d not be surprised if the CEO converts his entire holdings into preferred shares and returns his ordinary shares to treasury and cancels them!
They will when their broker gets a call from the TA via FINRA and the DTC when the CUSIP number is changed asking for the stock to be delivered.
Go look at the GTII board , or MMTLP or COSM or HLBZ boards. The exact same thing is about to happen on all of them!
There was still after hours trading today. I think pre market hours and after market hours were more than the official trading hours today!
That’s what happens when Wall Street Bets joins the party. One of their big accounts on Twitter tweeted about this yesterday.
Since then dips have not lasted long.
Yeah we’ve known that for years that the market makers read the boards and other social media platforms. In the early days when this was the main go to place it was probably a lot easier for them but now as social media has fragmented they have to monitor many different platforms.
The lowest it was alerted was at 7 cents.
Best get a twitter account then you would have got in at 8 cents!
We don’t know for sure yet. Waiting on a PR from the company. What is expected to happen is that after the deadline for MMLTP shorts to cover that those who sell are going to bring their profits to MMAT and run that up causing a huge short squeeze.
As you can see at the moment both are rising in tandem together in a day when there are very few gains to be had in the market as a whole!
They’re expecting Dollar volume to increase significantly over time as we get nearer to the deadline.
As already mentioned you will start seeing wild swings in the price up to take out shares offered for sale then the price will drop as fast as those stop losses are taken out. So set stop losses at your profit target and wait and see what happens.
This trade is very high risk
MMTLP this will heat up as we get nearer to the deadline. The big players in this are saying it will start to moonshot when Dollar volume starts rising into the $60m mark upwards.
As I say, shorty is just watching at the moment. We’ll know when market makers have started to cover as there will be huge swings in the price. Up to catch some shares for sale at a high price then straight back down again.
Remember MMAT is a Nasdaq stock so trades after hours as well.
It is my understanding that they have 15 calendar days to cover from the date the S1 is deemed effective.
I’m reading on social media that the dates will probably be put out in a PR for formal confirmation.
I think at the moment shorty’s just watching the price action. As we get nearer to the date by which they have to cover brokers will start forcing accounts with an uncovered short position to cover by liquidating the account .
We will also start seeing wild spikes then drops in the price as market makers take the price up to collect shares offered for sale at a big premium and then take the price back down again.
The number two holder of MMTLP who holds 16m shares refused to allow TD to lend his shares to shorts so they stopped him adding to his holdings.
What he has said is that after the MMTLP squeeze is complete that there are plans to squeeze MMAT using MMTLP profits to $500 per share!
Whether or not that happens remains to be seen!
All the above should be taken with a pinch of salt and is not a solicitation to buy the stock but meant for entertainment purposes only.
I’m just reporting what I’ve read on social media.
S3 effective this morning. Offering of $250m,
Saw the spike up to $2.30 first thing. I’m still trying to gauge sentiment as to MMAT.
Thanks I knew this already.
On MMTLP yes.