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Showing signs of a reversal if this continues. Again, gotta break back through the 4s and build the bid at 4, then we will be in a good spot to make a strong move.
4s getting hit now, down to 11M on the ask....
I see that. Looks like someone is putting up huge blocks on the ask to create a wall with no intention of selling. I'm guessing another 10M drops off once hits starting coming in on the ask.
Need to take out the 24M on the ask at 4s, which seems ridiculously high all things considered, and get 4 back as a base. That needs to happen before we get an update...
Damn dude. Take the flip-flop emotional roller coaster back a notch.
Just yesterday you were hyping a social media post:
colbeyt1 Tuesday, 02/07/17 02:13:24 PM
Re: None
Post # of 47407
Just seen this!
Critic Clothing ?@CriticClothing · 2m2 minutes ago
@bpguy33 @jay_pennytrader Yes! News is definitely due. We've been putting it together for everyone!
It seems you are the one who is making sh@t up. 3s were the ask all day and now the bid. All selling was convertibles set at 3 which went for 12M on the bid in the morning to drop the ask but the other 25M was bought at the ask to finally put 4s back on ask.
How about you go back to pumping EXAD and trying to scam people over there...
Sure about that? 35M more today so far and no retail selling to speak of.
Anyone have the IR guy Alec Weiss' email by any chance?
Anyone get a response or hear from him recently?
Yep. No telling what he's got. Likely 100M unfortunately. The trend has been put them up on ask for a couple hours and when buying is absorbed and volume dries up, dump them on bid...
I did in 2015 and 2016 and did very well. I bought back in very low in later 2016 and since then I haven't sold any (probably should have) as I'm in it for a lotto play on free shares.
Who knows. Showing 100k but just absorbed 10M.
Exactly the same pattern as last year. January activity and going current followed by conversion of debt.
We hit .0009 very briefly this time.
Hit .0007 last January on huge volume that was stifled by huge conversion.
Hit .0015 April 2015 on steady rise on P&D by a few iHubbers who have since been kicked off.
Hit .0019 in July 2014 when EVDR shell was acquired by Alec.
Hadn't been traded since 2012 before that when EVDR scam fell through.
To be fair, almost no one got 1s. There were only a couple random small lots that went through there. Anyone who did buy 2s or 3s got a nice flip though. Most bought 4s and 5s and flipped which is also a good trade.
Currently, only downward pressure after the slow follow through on news and massive amounts of conversions.
Going to need something with some substance to make a solid move again, but if it comes this could still move big.
Actually there has been around 500M in volume since VNDM showed up and its safe to say 90% of the selling was through him.
So 450M shares at an average price of .00045 lets say would take 200k off the ledgers so that erases more than half the debt.
If that's how convertibles work??
It should be a 5 bagger from here with all the accumulation and how massively over sold it is.
However, the company had $390,000 in convertible debt all which could be sold off. I'm not sure how it works exactly but say there has been 250M shares converted so far, which seems a fair guess, that would take off just over $100,000 of the debt so we would need to burn through another 700M shares if the holders decide to sell them all...
Nice prediction. Right on target.
Generally not. I think there is definitely a plan. Let's see if Alec can follow through on it. He graduates in a couple months so if nothing else that could free up time for the business, or skateboarding. Let's hope he chooses the business...
There wasn't any new debt up until September 30th of last year.
We don't know yet about the last 3 months, which happen to include bringing a new IR guy on board. That likely required new convertibles as Alec isn't exactly rolling in loot. However, that would likely not be able to be converted for a year? Not sure.
The fact that the news hasn't come out yet is actually a good sign. One would think that if it was just some fluff PR about great things coming, it could've been released by now. Maybe its release time is actually dependent on something substantial???
Let's hope so. Last year, he put out 3 PRs in 3 weeks, all hype, and during that time there was huge volume that all got soaked up by conversions...
He did the same thing to start the year last year. They did go current again, just like last year but have not followed up with a PR. When it happens, it better not be a cut and paste job from last year's forward looking PR about great things in the works with no specifics or actual substance.
We gonna get another 120M share dump by VNDM this morning?
Yeah. The convertibles were there before crtc acquired the 'shell'. It is a shame.
Nice. Lets get him to move that sh@t up to 5s.
AD line above 1 billion for first time ever and MFI dropped down into oversold territory below 20.
This will explode if we get an update Monday...
Wow. We just absorbed an 120M dump and stood our ground.
That shows some strength. Did that all go through instantly?
Is VNDM off of the ask now? Or up on 5s?
Just curious as I don't have L2 today.
Yep. No doubt those are convertibles on the ask. Collapsed the giant bid support and camping out on ask.
It does indicate news is just around the corner but will Alec's 'friends' dump convertibles to absorb all the volume news generates just like last year??
True. So lets look at the recent activity here.
1. Around a year of stagnation after the last run.
2. Volume picks up huge in new year and major resistance at 4 breaks.
3. Following big move, there are a few days of churning and accumulation.
4. A big volume day of shake downs and heavy accumulation hits but old resistance is proven to be new base.
5. ???
What comes next in this sequence? Just look at other stocks charts and it becomes rather clear. Just need that spark now.
Let' clear the 5s and get that kind of support at 5.
Would be a huge base to jump from upon the news coming soon.
Need to hold 4s. It was too big of a step forward to break 4s after a year, it needs to be the real support level now...
Damn dude. If you are down to eating ramen everyday, maybe you should reconsider whether or not investing in penny stocks is a good idea for you.
Nice. Welcome. Would be nice to see the bid support move up to 6 today. Large support at 5 currently.
Any idea what Alec means by 'verified' in this mornings tweet?
Verified for what??
Yep. The break and hold of 8s is first major step as it is 2-yr high. 10s will be more of a symbolic break as it should bring many new players once this breaks trips. 15s and 18s would be the ultimate breaks as then we are looking at all time high levels.
Good support came in at 5s with just under 10M. Now we gotta see that move up to 6 and get the 5.8M seller at 7 out of the way.
Looking like a strong holding pattern until we get our expected, and long overdue, updates...
Going to be tough to bust 8s and stay above them due to many flippers but it will happen. Bid support fluctuating big this morning. Someone with 8M share order keeps putting it up and dropping it off..
I was hoping we would get another 'prediction' from our resident prognosticator. Thanks again Miss Cleo for your insight, gives me confidence the exact opposite will occur the next couple days.
Good to see some buying again. What was the bid/ask looking like when we closed today??
This is to be expected. We pushed past levels we were at for 2 years on huge volume to get to 52 week high. Now we have multiple days of lower volume sells and churning. When we get new reason for buzz it will jump fast as we currently have a stronger/higher base and old sellers are mostly gone.
No L2 today. What is NITE showing?
Buzz has currently died down here. Often that indicates some reloading opportunities.
Just way too much buying volume the last week for this not to make a move again with the slightest nudge.