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I don’t think many here are worried about their investment in BIOAQ.
It tells me that keeping the BIOAQ PPS from exploding upward is really hard. 10M shares shorted today and it still rose 43.18%.
Nice accumulation week for MMEX. Seems like the float is locked.
If you had held from .005 you could have bought champagne for your whole neighborhood.
Shorts still need shares. Just another big sell into the bid to try to knock it down but it’s coming back quickly. People are on to them.
I think the number of flippers may be relatively small, as mainly those who understood what is happening with this company locked up additional shares.
Plus many shorts will cover with the possibility that the “Q” could be dropped at any time.
I expect a strong close.
The MMs will likely push this down today, Monday and Tuesday. Huge potential here, but I’ve seen this pattern so many times.
No weak hands left
The best target to short is a stock that has ran hard for a few days. Once they have pushed it down for a few days they cover and move on to the next stock.
I was surprised it worked so well with BIOAQ, as it seemed obvious this is headed to a buyout so soon. But as we saw from the comments on this board, there are a lot of uninformed people who wouldn’t have sold if they had just read all the DD which is stickied.
VERT was just next up on the ASK @
.029 and jumped back immediately lol
It’s been holding up well. If this keeps up buyers will start moving their bids up, not wanting to miss out on the huge upside for half a cent possible downside.
It seems they always run the price up for a few days in advance of expected news so they can run it back down when it hits. I’ve seen it so many times.
Either way next week will be a good week. If this ends down today many will be jumping in because it’s oversold. If it ends up, many will be jumping in because the chart has reversed and it’s trending up again. Not to mention the fact that a buyout for .50 to multi-dollars per share is imminent...
Like you said, the yearly earnings are $20M+ and the factory alone is worth $70M. Worst cast buyout amount should be around .50 per share.
The more potential, the harder the MMs typically work to shake out the weak hands so they can accumulate lower. Which often leads to a few down days before the PPS recovers and starts moving up again.
It is amazing how many people have no idea that this company is no longer in bankruptcy even though there was a PR, the documentation was released and several people have posted the relevant sections here.
It’s actually pretty impressive that they were able to push this down 40% in one day, with a buyout imminent.
Once they have covered they will run this back up to .07 ASAP lol
Great bid support day after day... The calm before the storm for MMEX. Big milestones are coming soon!
I relieved some unsure shareholders of their shares @ .038. It will be an exciting summer for BIOA.
I like this company and it will likely run at some point. It’s just the nature of the OTC... buyers don’t jump on the train until it starts to move.
I feel bad for those that couldn’t recognize what was happening and sold... When shares are soon to be so valuable, MMs will keep shaking to a higher degree than usual.
Anyone who has read the DD here knows this company is tremendously undervalued. The PPS is at .05 because everyone thought they were going out of business. Now there is zero chance they are going out of business. The PPS will adjust accordingly.
Appreciate all the information you and others on this board take the time to provide!
Those who have read all the DD here find it hard to understand how anyone could sell at these levels. But many who bought BIOAQ after the recent AH PR knew little about this company... many bought BIOAQ just because someone they followed on twitter who had thousands of followers told them to buy it. Then the PPS was pushed down and the twitter users the new buyers follow were silent (probably because they sold and took profits after their followers bought and pushed the price over 7).
MMs knew those new uninformed buyers could be shook, so they pushed the PPS down and they sold. That process should be about done IMO.
I think it will be just fine. I’m holding my shares. I’ll check on the price again in a couple of hours.
So rare to have a stock with such gigantic upside and virtually no downside, after the AH news yesterday. And so many new buyers have found out about BIOAQ in the last 24 hours. This is going to be a fun ride.
Well if you do short BIOA tomorrow, I wouldn’t recommend taking a short nap or even a bathroom break.
Great close followed by awesome news. A lot of new buyers will be jumping on for the BIOA ride tomorrow!
Gapped up to .06 premarket last week with no news... Huge news this weekend of the motion to dismiss bankruptcy set for Tuesday. Massive upside from here.
Added on the dip. Huge upside from here IMO.
“Mad J” is short for “Mad Jenious” IMO. Yes, I know that is spelled incorrectly The revenue streams he has set up for this CDU are huge.
Nice MMEX shareholder letter last night! The expected value of MMEX projects has increased significantly with this new information.
So we know the MMEX project is progressing and an update is imminent. Sounds very promising to me.
I guess you better give Paige a nickname then...
Jack Hanks will be remembered as the visionary who made the first CDU in 42 years a reality. When I see him someday after phase 1 or phase 2 is operating, I’m going to call him “Mad J” and I’ll bet he will laugh.
The announcement of financing will be the biggest milestone yet for MMEX. Seems logical to me to have a PR firm determine the strategy for disseminating this information, vs. just posting the news in a letter on the MMEX website.
The week is just getting started... this will be an exciting week for MMEX, IMO!
I’m confident also. Added more shares on Friday.
I remember when MMEX submitted that 153 page permit application. Some posters on this board were adamant that the permit application would never be approved. It was approved.
Jack Hanks had the vision and industry experience to make the first CDU in the US in 42 years a reality. That’s pretty impressive, IMO. Oh, and btw he has been a class act throughout the entire process.
IMO an announcement/update is more likely today than it was yesterday, and that will be true for the next several business days. MMEX didn’t hire a well known PR firm (Paige PR) to be silent.