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.
I can see an HK*D or more type move on MMTLP quite easily because it’s estimated that there are 80m MMTLP shares that need to be covered which is more than the number of shares issued.
The number two holder of MMTLP has set hi sell target at $300+! So yes brokers will need to pay his price to get him to sell!
So why are both constantly being spoken about together? Hold on, aren’t MMTLP shares the preferred shares of MMAT?
Do MMAT shareholders get a share dividend in Nextbridge as well? I’m looking hard and asking all the big players on twitter but am not getting any replies.
All I’m hearing and seeing reported on the S1 and stated by the company CEO is that the shorts who’ve shorted MMTLP should cover because they cannot be holding a short position in MMTLP (which are the preferred shares of MMAT) when the shares are going to be cancelled (I think) in exchange for shares in a private company.
It is stated that FINRA and the shorts actual brokers will force liquidations of other holdings in the retail trader’s’ account holding the short position at any cost. I’m presuming (but I’m not sure) that brokers are ultimately responsible for making good the losses sustained by the shorting activities of their clients but I don’t know this for sure.
My personal view of this scenario is that forced liquidation will indeed happen by the broker to limit their exposure to the substantial losses their client is likely to sustain that the liquidation of their account leaves uncovered.
However, despite my having asked several players including the number two holder of shares in MMTLP (who holds 16m shares) how a short squeeze in MMTLP will automatically bring the profits into MMAT creating a short squeeze in this stock.
Just because everyone “thinks” people will bring their profits from the sale of their shares into MMTLP there’s no guarantee that they will. They might go off and invest in other companies whose share price is running on the release of good news.
That same stock holder above has now been prevented by TD from buying any more MMTLP shares. He can only close his position. The reason TD stopped him from buying more is because they called him and asked him if he would be willing to lend his shares. He refused to do so so they put a trading halt on his account stopping him increasing his holdings.
As usual Interactive Brokers who my main dealing account is with placed a restriction on opening new positions the morning that I was going to buy!
Truly Interactive Brokers seems to be bribed by short market makers to put a trading halt on stocks they are short on. Others would include TP*TW, TS*NP, CL*NV and GD*VM to name but a few recent trading halts of pink current information tickers. Hmmm and everyone keeps saying that the market isn’t rigged!
A 48K buy interesting. Finally those buys showed up on the tape here.
I think the internet might be a bit slow in the UK at the moment due to the non stop bad weather we’ve had for the last two weeks! Both my cell phones on different providers are acting up today.
Buying pressure? Maybe something good coming?
Interesting. It seems that a buy of about 10k is not showing up on the IHub list of trades or are market makers hiding it?
I’m presuming that is what took the price green again but it only shows in the title.
Understood but wouldn’t the Court filing be filed online first? The Clerk of the Court would not usually hang around when they’ve got documents to file because the court has already moved on to the next case so they will need to work on that one.
When will something get posted on the courts website?
Let the gap fill and it will run back up. The gap is at 0.0089.
As Bmoe says on Twitter - Look what TP*TW did today after that gap filled with no news!
WLAN keeps putting out news but people aren’t necessarily appreciating the significance of it.
That photograph showing the retro fitted street light transmitter stations was a small section of one street.
You would need several thousand of these for just one municipality!
WLAN has one a float one third the size of TP*TW!
This CEO is a creative person, an innovator and an inventor first who has built an extensive network of friends and contacts in the business.
He really seems to enjoy meeting new people, old friends and making new contacts.
Twitter Post with CEO. Tony McDowell’s Bio in it.
$WLAN Looks like Tonys BIO is up tonight. Love where he led over 500 Employees and Contractors in PR. #USAF #Veteran 🍻
— Cheers (@crabbermike) November 17, 2022
The guy is going to bring big Revenues/Sales/Profits without a doubt in my mind. All just beginning! Did my DD, a true Winner and Mind. pic.twitter.com/CmxRGvvxNp
Question for you and the other longs here.
As the company got the CE added and now has the form 211 approved by FINRA, won’t they have a new CUSIP number as well?
That’s usually a pretty good indicator as to whether there’s likely to be a short squeeze.
His followers will dump at resistance if it’s not broken every time!
Really makes you wonder where these CEO’s get their advice from? It’s like they have really don’t care or have a clue about how to run a listed company at all!
How big is the gap on $TCDA please?
Many thanks for this sent him a connection request as well.
Ty for the perfect analysis showing that this stock is so tightly held and trades so thin that any buying pressure moves the price up easily.
Thanks couldn’t agree with you more!
Hi do you have a link to the CEO’s LinkedIn profile? Too many Tony McDowell’s there and doesn’t come up adding company name nor “Plantation Florida”
Many thanks
Discussions of information that is contained in filings, a press release or is readily accessible from other commonly accepted sources of information about a company is information which is in the public domain and therefore NOT inside information.
Do you not understand. Day traders buy and sell the stock multiple times in the day.
Agree with you. There’s a huge short position in this stock!
That’s why every stock that gets the CE removed moves up substantially when it resumes normal trading.
The thing is, when that happens, shorty will be scrambling even harder to buy shares over retail buyers. That’s when you will see the price skipping pennies at a time. I have my sell order in for $1.50.
Let the games begin.
Yup and unfortunately for them retail has so many orders in the system that when they drop the price retail scoops up any available shares.
As several have reported, the fact that orders are taking some time to fill is a clear sign of shares being in extremely short supply.
Hi you know I always like to support my friends. Lots of very interesting posts today.
That’s when you know that there’s a significant uncovered short position.
All I can see is people discussing the technology.
Nope I can clearly see that there’s a significant short position that the market makers cannot cover.
Nothing has changed. The technology is sound and groundbreaking.
Yes but they aren’t the kind that will have a dealing account and rush out to buy shares
I’d read your posts if you actually spaced things out.
Exactly I live in the UK but have an active account with Questrade, a Canadian broker.
Anyone wanting to open an account with them living outside Canada or the USA will need to do so well in advance of when they will want to trade. There’s a lot of hoops and checks that they perform on your identity etc before they actually open the account.
Yes but the point is that shorts don’t know which ones are which.
By far this wouldn’t be the first ticker to have a significant naked short selling (NSS) position that the shorts never thought they would have to cover.
Usually the costs involved and the determination of whichever CEO heads up each company to fight all the way through and in this case have Attorneys good enough to actually secure judgment against the SEC under their own rules and jurisdiction in a court of law should not be underestimated.
Usually CEO’s just give up.
This ticker is different because the CEO has fought tooth and nail all the way and overcome every obstacle placed in his path.
FINRO or did you mean FINRA? Just checking.
They would have to cover such a large sum that they become insolvent. Meaning that they can’t meet their day to day expenses as well as other liabilities including things like draw downs of funds withdrawals etc.
The thing is that kind of sudden spike is often associated with the fact that the big news that is expected will be coming shortly.
Whoever bought 1,215,000 shares knows more than the rest of us. You don’t put that much in a stock unless you are sure you will make a substantial amount
There’s no consistency as to how OTC Markets applies the rules. At best they seem to have “written” their rules so ambiguously that they can do whatever they want anyway and say that is because the company has fallen foul of XYZ or not complied with their own rules (which are not based on Securities law) .
Here’s an example (can’t remember the name of the company this is about). Several years ago now, an OTC company put out great news about some corporate action or other.
The stock was a low floater and was already known to have a sizable short position. The stock finished up 300%+ on the day.
After market close OTC Markets slapped a CE mark on the stock and overnight nobody could buy it, only sell it. The following day everyone dumped and the market makers covered their short positions significantly lower. Those two events show that there’s no rhyme or reason to how OTC Markets applies their own “rules” which are really designed to extort money from OTC CEO’s.
Each day a couple of new traders tweet about WLAN and they have between 2-8k followers so there’s still new interest.
Folks should remember that there’s a type of trader who never buys anything under a penny. They have deep pockets and go big when they enter a stock.
Once the one cent break is confirmed I’m reading on twitter that there’s even less resistance.
Just remember they’re not in full production yet over the whole 5000 Hectares and will have three grow seasons a year.
Often, they put the actual numbers in the PR but the Attorney takes them out.
Here’s the thing, I’d presume that they don’t actually want to publish the exact selling price because then their competitors would know what their selling price is if they want to try and beat it.
Quite likely that they can’t release the name of the company that placed the order.
A lot of companies that order their products from other manufacturers to sell on to retail buyers under their own name usually write up the product description to read like they grew it and processed it themselves.
I like it quiet here.
Ok sonny don’t worry we wish you well in your next trade.