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Haha. They tried! Now, it's going to squeeze.
Probably another attempt at a short attack. There was 9 M shares available to short through interactive brokers.
This won't bounce until the mass dilution spree is over. It is still running pretty hard.
I know it is a lot more complex than that (also depends on which notes were converted and if the company sold shares to pay off notes earlier than maturity). I need to check the restricted shares still and float, as well. Checking up on a few other companies at the moment, so I will probably call them in an hour and see what information they have.
The problem is, we don't know the average share price they sold those shares at, so we don't know how many were actually sold in the trips. It would be good to at least get an average, to make sure it was actually a responsible rate. If that is the main driving force behind our sudden plummet (which looks like last week was a huge run at it), then I would be irritated. There are a great deal of ways to bleed them off slowly over several months instead of giving all the shares to VFIN and other diluters and saying have fun.
I thought you were posting for people to run away from this earlier this morning. Maybe it was supposed to be a joke. Lol.
That would only be if the movie was a decent hit. They need to clock around 10x the revs they have now to sustain a .10 PPS, with 2 B shares out. I am hoping that Friday was the end, and that was the reason for the mad sell off. However, notification and update of financial status needs to be forthcoming soon. It doesn't look like dilution this morning, but with how much has been done, it is difficult to tell.
As of close on Friday, right? Damn, I expected a couple hundred million, but not 820 M in weeks. That is awful. I guess they are happy to borrow around $7M from shareholders. Incredibly disappointed, honestly. Very reckless of the company officers to allow something like this.
The problem is, there really aren't many real long investors in the OTC. Even the long investors that want to stay in a stock will exit, if they see a way to accumulate more shares at lower prices. Some of those guys will force wash trades, if they have enough shares, and they make more money off smaller retail traders. MM's like lower prices, because they make more money of the spread, anyways, so if they have the chance they will drop it even farther. The real problem is fear and laziness. Everybody wants a stock to rise, but nobody wants to contribute, and then they sell when they lose 20% and cause even more of a fall for all the rookies. Which creates the problems we have here, where because the float is moving so easily now, as well.
If people stop bid sitting and start trading like bulls, then this would actually retrace it's losses. Traders that sideline and bid sit, while having no effect on PPS could cause this to drop more.
Not seeing any typical pattern dilution on the L2's. I think this is fear and abandonment. Check the larger markets, too. The overall markets are all stuck in fear, and have been painted red so far this morning. The buy/sell trading ratio isn't bad either. Just moving very easily on low volume with the float thinned out. Remember, there was a very large order bought EOD Friday, and he probably made his percentage on the initial rise this morning and walked.
Based on the levels this traded on, I think we should see less sellers and higher prices next week. Either way, a good one to hole away for a while and see how it is later. Still not worried. Too many interesting prospects, and Comic Con in summer. Have a good weekend!
Stage is set for next week. It looked like MM's have held a short position open too long and may have been trying to cover. There is still a rather large audience here, with it still being one of the most highly traded on the otc. I would think at these prices we will have a decent level of volatility come Monday morning. I am hoping their positions were covered today so we can have a good turnaround on Monday. I was rather surprised at the amount of people that fled this stock, though. I don't think many are into longer than a week hold, though. The bounce could be beautiful.
He told them all to buy and hold. Hahaha. He wants to ride REDG up for a bit. He was actually pretty irritated, it seemed.
I definitely agree. I like this stock. Going to try and catch them at Comic Con in July, here in California. I am not worried. I just noticed Beamin's frustrations with his followers this morning. I, personally, am not worried in the least here.
NITE is usually ETRADE or Scottrade, CSTI is usually Scottrade. Most of this is inexperienced or retarded retail sellers who know nothing of bleeding shares up, and are worried about their brokerage fees. Why did LVGI even mention their former subsidiary? Are they receiving royalties, or they just want to say they did something right before?
A bunch of Beamin's followers got out, against beamin's advice. If he gets them all to buy back in, another run ensues, otherwise this looks like it may not move very much until next week. Great stock for the long game, though. Silly beamin followers that don't listen.
I missed the dip, feeding my wolves. Wish I had grabbed some. VERT has been both sides of the bid/ask today. People fed the MM's this morning, and still do some, but I like seeing the usually dilutive MM's so hard on the bid (although he is still disguising with 10k orders). They don't usually actively trade on both sides unless there is definite profit in it for them. Since he was on the bid before the ask, of course. Had it been opposite, I would be irritated. It is just more games.
It is early yet. Plenty of time. There is no definite way to predict, though. There may be many weaker hands left than I thought.
20% up, actually. I am sorry you think this is a turd, sir. I noticed you don't seem to have had an account very long, so I am not sure how long you have been investing. I would like to tell you that there are many more that have been in this game a while that think otherwise, but you are still entitled to your opinion. If you do not like the company, try a different one.
All MM's do it. Don't worry about it, for the most part. I always like to call them out on it to the board when I can, so those without L2's get a better idea of what is going on. Better part about today- our accumulation is drifting harder into the positive. We could be looking at another 20% day.
Wow, major bid concealing going on still with MM's. They are getting shares left an right with those tiny bids. Don't fall for the 10k bid, when the MM's are buying millions of shares on one of those that just refills continuously. Even worse - buys are getting picked up before they effect the ask by MM's on the L3's, as well. Makes it look like we have less positive pressure, when in fact we do. Or they don't properly report it so we get tons of out of sequence trades, so MM's can make appearances worse than they are. I have seen this game so many times.
Yup, it's a complete wash trade, and some don't like it. When people are dumb enough to fall for it, though, it's their own fault (didn't do it this morning, didn't think enough of a drop would come). I don't cause the wash trade, I just benefit from it. Lol. Even if REDG has a slow day today, value is going to hold well, I believe. A large percentage of the float is locked up in longs and new buyers from the past couple trading days have bought most of the float over .01, so I think we still have a chance at steady gains for a bit.
The only reason I usually trade in the first hour is because of the cheap shares MM's shake loose. Completely agreed.
Not many people selling, either. This thing is moving on very little bolume, and MM's are soaking up shares as hesitant hands fold.
Not many people selling, either. This thing is moving on very little bolume, and MM's are soaking up shares as hesitant hands fold.
I added more today, already. We will see how it goes tomorrow.
MM's were playing with the price every chance they could, too. Saw a couple rearranges of the bid/ask to catch shares on the bid. Small share paints all day (could be retail, but dick move) on the bid, just to make it look cheaper. When, in fact, there weren't very many people willing to sell low today. We still closed green, and it looked like a great churn to me. Hopefully we have some heavy accumulation tomorrow.
Greatly impressed with the consolidation here. What should have been at least a light pull back turned into resetting a new base. Congrats to shareholders, GLTA.
Lots of convertibles in default here. Shows a tremendous potential for dilution, with the A/S so wide open. Many more are coming due here, as well. I know EBITDA may be newly up, but they are still pretty upside down. I can see the appeal in the short term, but to jump in for the long, it looks like it could still use some time to cool and see the status of those convertibles.
Check last week's A/D line. It is has had a significant turn over the last week. Did all the bashers show up then? Somebody has been accumulating while the price has been kicked. Could be a very interesting week.
REDG has the much more stable and founded upside. PRPM may have the potential for a greater immediate return, but they don't have the leadership or company viability established that REDG does. Shoot me a PM and I will explain the problems with PRPM a bit more, but I would suggest they REDG for a good long buy and hold over PRPM any day.
He bought a ton of shares cheap when people panicked and jumped ship yesterday. The MM's have been loading up all day with concealed share bids, too. They will move soon, I think. Power hour could take us over .008 today.
Oh, I don't really have too much concern, the company has plenty of time to do either one. Like you said, neither would hurt my feelings either. I would just prefer them to buy the shares back, because of the more stable increase in value to shares. Yes, though, I would say it has a chance to run to .20 in the coming months. I would say a range of .02-.05 would work for now, though. There is the FBCD, Comic Con, the movie production, and the gaming interest all coming together nicely.
The gaming industry can be very hit or miss, though, and can take some considerable time in software development. If they have something already started or a software base to work from already, then that would be much better. Depending upon what platform they are wanting to deliver it, too, will also determine the length of time, money, and development necessary for a decent shot of success in the gaming industry. Still, they have a decent revenue start from their work so far, and with the increased circulation they have a better chance at getting sponsorship or more secure funding than current levels. That is why I am interested in the movie production. That still, is where I am hedging for larger gains as well as a much higher chance of gaining interest from a larger company buyout.
I would have to say, even with the movie, I don't see it going over .2 with the current share structure, though. The company is going to have to be much more aggressive with the share buyback, or quite possibly end in a small R/S. Not more than 5:1, I would imagine, which would just stabilize shareholder value IMO. Much more hoping for the buy back, though. Either way, this is a company that does not seem to be going under any time soon, considering the ongoing revenue and prospects. So, it should be a good ride.
I agree, just think the movie is where we will see the major jump. I do hope the comic circulation goes well, though. I still put this worth at least .02 (based on intellectual property potential with the movie/comic rights), for now, though, which puts this a bit under value. I already grabbed some earlier today.
They have to massively increase circulation of the comic book for a better bottom line from comic books. The cost of printing them doesn't leave much of a margin, with their current levels. If they can produce a movie, and get into theaters, though, that is where their money actually really takes off. So, unless they start building a better fan base, then the movie is the real money maker. That is what also increases their exposure significantly.
Oh, thank you for the clarification. I am interested in the movie, honestly. Not to worried about comic book sales, or free comic give away.
Wrong board? Not FBCD.