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So far, exactly the same pattern as last year. Tons of selling into hype and fluff piece news.
Now if they continue the trend there should be 2 more PRs about forward looking prospects that MAY happen and a ton more selling into the volume they produce.
Then total silence for the rest of the year along with not filing quarterly reports and staying current and dropping the IR guy.
Anyone have an understanding of what "loss on derivative liability" means? It was listed as -236k on the last annual report.
It should yes. However, I was here the entire year last year and contrary to Adam Weiss' assessment this almost never had any shares sell at 1, just a few very small (like 5-10K) paint jobs on the bid. I would say at absolute most 200k total shares bought at 1.
It ain't just flippers. I know everyone is screaming that and they definitely aren't helping but what flipper drops 100M shares at a time?? What flipper uses VNDM as there MM?
How is the ask even at 3 currently?
Every share sold there is at a loss. Well over a billion shares bought at 4 and 5 the last 2 weeks and almost zero volume at 2 or 3 until late last week.
IF the O/S remains the same this is indeed an odd situation.
How is the AD line rising so steeply while PPS drops? That is usually a sure sine of the OS increasing.
If not debt conversion, who is VNDM representing when he sells 800M shares? Is it all naked short selling?
Why are so many 'flippers' currently willing to sell at a loss? However, the hype on the board has increased? Usually that is a sign the very iHub posters touting the stock are the ones selling large amounts of shares into volume they hope to create...
Just some obvious questions about the last 2 weeks activity here...
I want my 2 dollars!!
I don't know if we will know for sure until we see first quarter report and see what kind of debt is listed.
How does Adam know the OS hasn't changed the last 2 weeks if the TA is gagged? Seems contradictory...
From investopedia:
It's also worth noting that there are two ways to express the number of shares outstanding: basic and fully diluted. The basic number refers to the current number of outstanding shares, while the fully diluted number takes into account such things as warrants, capital notes, and convertible stock. In other words, the fully diluted number of shares outstanding tells you how many outstanding shares there could potentially be.
No, the company is not issuing new shares currently.
Yes, the holders of the convertible notes are converting them to equity and selling them off.
These 2 things appear differently when watching L2 but both increase the number of shares outstanding. The OS number given out by the TA doesn't take into effect outstanding convertible debt, therefore when it is sold it increases the Basic OS.
I still think something big is around the corner.
Will it be too late???
I'm not stoked about Alec's "accomplishments" currently either.
However, to be fair, he is not the one selling these shares. It is Peachtree and the other very old school convertible holder from when this was EVDR.
They see an opportunity with the hype and "news" to dump into the big volume....
Nice observation.
Are the 4s still thin? Sorry, don't have L2 today.
I think that question needs to be addressed to Alec and/or his PR guy Adam Weiss....
Thing is Alec doesn't care about shareholders. Why would he get involved with a shell that has so much previous debt??
Yep. And now 56M f'ing million on the ask. Wonder if the hype squad thinks it is thin still???
What once was an 115M at 3s yesterday afternoon has been demolished just like that...
Now bid getting decimated after it was walked down by about 40M. Ask keeps building no matter how much volume.
Definitely more conversions but also looking like the latest hype squad here is selling into news. Go figure.
Flippers from where? Almost all volume has been at 4s the past billion shares. Maybe 20% of those were at 3. So now peeps are putting up those 200M shares for a one tick flip?
So he wasn't on the ask? Who sold 82M shares at 4 without the ask budging then?
Unfortunately, it is as expected. I'm hoping it is just the start to re-establish PR communication and there will be a few substantial updates once things materialize.
Also, IF it does lead to volume that will eliminate old debt, as crappy as it is to watch, it will ultimately be a good thing to be free of that sh@t...
Was there really just 26M on the ask? 54M and counting has gone through and still 13M showing.
Did VNDM show up the second news came out?
Bring it. Would love to see it. There are share holders who have owned that much for 3 years, of this I am certain
26 million shares is very few?
Question is where is VNDM this morn?
His actual lot size went down? Thought that would have come from another MM on the ask...
He did a little yesterday and that's definitely a good thing he is there. Just gotta get his ass off of the ask...
Then who is on ask selling ass tons of shares without the lot size changing?
Yep. The question is when? Likely a state of the union address with a list of things that are in the works but it could end up being something more than that.
It flashed up to 50M for a second there. Big bidders jumping all around all of a sudden. Must be the start of the 4th quarter.
Dude. Maybe Alec doesn't want people to paste his PRIVATE messages to a PUBLIC forum. We keep doing shit like that and he isn't going to answer anyone's questions...
Close. It is somewhere around 800M minimum at a .0004 average.
At face value, that's 320K. I'm sure they get some kind of a sweetheart deal on conversions and not all the shares that show up as trades actually go towards settling the debt but damn if they haven't reduced the debt hugely...
What the poop just happened? 200M volume in like 5 minutes??
Was that all real volume? That last 100M just popped up out of nowhere.
Damn VNDM is really unloading. Has to be way more than half of the 390K covered by now...
I here ya. Should've myself. Could have more than doubled my share count plus a little profit.
I would think so. Once this shows it can break and hold 4-5 again it should be thin for awhile.
Yesterday was almost 100% debt conversion, most of which was being bought at the ask. The dumb money is sitting on the ask currently with 6M shares up for sale and however many more at 5, 6, 7, and 8...
A break above 4s again after the rather substantial amount of conversions would show some REAL strength. The base here is large and strong.
Well, 4M dropped off on no volume and the bid is building pretty good. We get any buying pressure today and this could shift.
Where is good ole VNDM today??
Nope. Except 12M got taken out before the close last night and all momentum from that is lost due to people stacking the bid back up over night.
Well bid is back to were it was at end of day yesterday but now 16M more has been added to the ask.
5M buy right at the buzzer was nice. If this opens strong tomorrow the way it ended today we should see a reversal.
IF...