Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That makes sense is sounds about right. Because the $37.5K is about 50 million shares at there 40% discount to the low of .0012. The OS increased exactly 51 million give or take and the calculations add up exactly. The OS is currently just under 400 million I am counting on it to stabilize here. It makes sense Iliad is taking all there shares here because they know the price is not going to stay low and they are taking advantage of holding there shares till a more lucrative time. They can only take batches of 10% at a time so they took there 10% yesterday and took the remainder of the balance today. So now we sit and wait for news from the company. I am assuming they have to make sure the S1 will be complete before they can put all there ducks in a row for an AS decrease. But IMO the AS decrease will happen now the three toxic lenders should be gone all is looking pretty bright from here IMO. I would suspect we do not see the OS change any tomorrow. The PPS should start to rise quickly IMO. BETS
The three toxic lenders may be about done. But Iliad will have one more load this month probably for around 20 million shares or so. We will see what OS is today. But I am guessing by end of this week most short term conversions will be done. Iliad tends to hold shares so they probably won't dump much everyday. I believe it was Iliad holding shares and the toxic debt holders that really tanked the last Monday run when the AS reduction news came. We assumed it was all retail dumping that monday. But I am pretty sure it was Iliad. I believe Iliad did not load there second batch of last months shares till the last day of February. Then they loaded there shares for March on the first trading day. So that being said Iliad holds shares they can hold 10%+ they even have filed SEC paperwork to hold 10% so when they get shares they don't sell them right away. In small batches this is why the PPS was able to rise yesterday because even though the OS raised 30+ million shares the sell pressure was not heavy. The other lenders may be done converting by the signs of yesterday trading IMO. I will check TA this morning and find out. Lets hope that is the scenario. If this is the way it goes down we should be right about at 400 million shares. I believe it is possible for the S1 to be completed by end of this month, if that happens then we will not have to deal with any more conversions because they could pay the Iliad $37,500 in cash every month or just pay them in full. The note for Iliad should only be a little over $200K next month so it could be payed in full or just payments due. I have researched and on average the S1 takes 90-120 days. However they can be completed in 30 days or less. Mostly depends how busy the SEC is at time of filing. We hopefully are a month into the filing process via the PR date. So this all adds up to the AS can be reduced if they hold the OS around 400 million and the reserve for new loan is 200 million shares that puts us at 600 million and would leave a remainder of 250 million shares before AS would be anywhere near capped out. The many months we would have of no dilution and awesome news should make the PPS go bonkers. BETS
Everyone but you obviously. $BETS
Unreal BETS is a beast!! $BETS
Amazing BETS is unstoppable! $BETS
Unbelievable BETS just won't stop going!! $BETS
BETS WOW!!! $BETS
Big 17 bid rolling in 18s going to get smacked hard here $BETS
BETS HOD Sexy Monster!! $BETS
BETS So Sexy!! $BETS
BETS Rocket!! $BETS
BETS so easy no brainer!! $BETS
BETS moving up fast 17s going $BETS
18s getting smacked out now. BETS is closing strong today everyone wants in before huge news comes!! $BETS
BETS running hard 20% now $BETS
BETS 17s gone thinning out super power hour rally $BETS
Here goes the 17s gone now. Big groups loading the boat BETS about to lift off $BETS
17s will be gone very soon more bids piling up now. Looking like she is going to make a run power hour. Big news must be on the way!! $BETS
BETS shares disappearing fast Beautiful rally happening!! $BETS
Looks like Big News is coming soon for $BETS
I agree power hour should be off the wall looks like everyone trying to get in before tomorrow!! $BETS
Big bid support coming in now groups are loading!! $BETS
BETS getting thin going up quickly!! $BETS
BETS Wow big volume crazy bid support. Ask is getting smacked hard today $BETS
I believe so lots of eyes on BETS now and buying is heavy today so lots of people fighting to get in today! $BETS
BETS chart is amazing it is rallying into power hour!! Super low OS only 370 million $BETS
.002 will come and go fast at this pace. I bet something big is brewing and BETS has big news in store! $BETS
BETS Breaking Out!!! $BETS
BETS bid support off the wall ask getting smacked hard $BETS
BETS Rocket!!! $BETS
BETS is Hot!!! $BETS
Here comes more bid support!! Ask disappearing quickly $BETS
I agree ask is thin and it is getting smacked heavy today. $BETS
Here she goes BETS taking off!! $BETS
16s gone here comes power hour. BETS
BETS should rally strong in power hour good loading zone here!!! $BETS
Bid keeps growing and ask keeps getting smacked!! $BETS
BETS moving big now!!! $BETS
Iliad just got there first round of shares they take 9.9% of OS I believe so they probably just 33 million shares or so. So we won't see Iliad loading for a minute. If the third toxic lender is done then it should start to stabilize. But we will see who's right very soon IMO. BETS
We need to stabilize OS at 400 million or below that. I am counting on the company to make this work. We will see $BETS