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While trading looks terrible the weekly chart still in an uptrend and well above the 50 ma at .0018 still stair stepping on that chart. RSI is a touch oversold at 49.85 on weekly.
Daily chart broke through the 50 ma at last Friday .0037 and is quite oversold at 39.42.
Money flow today much lower $61K compared to $366K yesterday.
Hoping pr for HempHUB app brings the noise.
$SNMN
Apparent overhang, a bit misleading for the company to say convertible debt had been eliminated and not say whatever was already converted will look like toxic death spiral, will look like traditional dumping. We know this will end, but damn couldn't they have negotiated a higher price to sell these shares at, this is almost embarrassing for Third Bench.
We know Third Bench will have no need for this type of dilutive funding going forward, and after they are done selling this will run.
https://www.otcmarkets.com/stock/NECA/news/New-America-Energy-Eliminates-Roughly-Three-Million-in-Debt-Including-All-Variable-Convertible-Notes?id=314292
New America Energy Eliminates Roughly Three Million in Debt Including All Variable Convertible Notes
Press Release | 08/02/2021
NEW YORK, NY / ACCESSWIRE / August 2, 2021 / New America Energy Corp. (OTC PINK:NECA) through its recent acquisition announces that the Company has eliminated nearly One Million in variable Convertible Notes and other Liabilities.
"While we had to do what we could to access capital over the past few years to return to Current status and become an attractive vehicle for excellent Companies like Third Bench, I recognize the negative effect certain structures and terms have had on our stock. Eliminating nearly One Million in variable Convertible Notes is a major victory for our shareholders," said Jeff Canouse, CEO of New America Energy Corp.
“As we move forward in building our Company through organic and acquisition growth, we expect to attract much more advantageous capital to assist our growth to the next level. Our team is very excited for what's ahead for the rest of the year and 2022,” said David Fair, CEO of Third Bench Holdings
Mr. Fair went on to say, “I've spent the majority of my career in mergers and acquisitions, I'm confident we have access to traditional financing given the low leverage ratios of our transactions and very active post COVID credit markets. We plan on continuing this path for future acquisitions as well.”
About Third Bench Holdings, LLC
Tweet is the same legally as a press release according to SEC.
$SNMN
Agreed 100%
$SNMN
At least some big swing traders out, didn't get their SEGI streaming run, never good dumping size like that higher on everybody.
$SNMN
Appears to be a lot, correct. OS "should not have changed, if it did that's a bigger problem.
$NECA
There will be once this overhang is done, no doubt.
$NECA
LOL... I was like huh?!?
WTF does that even mean, check the daily MF $317K today.
$SNMN
Almost $300K MF the last hour 41.28 RSI on daily -- people are buying for the run, it's coming.
$SNMN
Good I am locked and loaded for for pennyland payday!!
$SNMN
Sell resistance not support, and still they selling into massive support 126M bids at .0029 OMFG.
$SNMN
Looks like it.
$SNMN
Looking good here, massive buying.
$SNMN
Saw that "36M on the bid!!!", just wow, .0029's hitting.
$SNMN
As you would say, today we getting dicked this morning. Turnaround time this week, HempHUB app launch by eom.
$SNMN
Man some peeps dumping big out here at least there are a ton of buyers down there, they'll be chasing back here later this week early next.
$SNMN
Streaming platform launched, bring on Hemp Hub launch next, CEO says by end of month! Maybe this time a PR...
In the Emerging Growth interview CEO said he thinks Hemp Hub could be much bigger than streaming even though he thinks movies and streaming will be the money maker long term for $SNMN
Yeah, weird.
$SNMN
Well launch happened, gltu.
$SNMN
BullittPoint Films, our FREE streaming service is now live! Sign up and watch our award winning films today 🎥https://t.co/WV080biJit#bullittpointfilms #bullittpointproperts #SNMN #StreamingNow #filmproduction #movienight #WatchForFREE pic.twitter.com/JOR6N9Bbtv
— BullittPoint Films (@BullittSnmFilms) August 20, 2021
Agreed, see if something comes later, Tweet at least I am sure.
$SNMN
Streaming Launch is live, signed up, watched trailers looks great!!!
https://bullittpointproperties.com/
$SNMN
2 milly smack at .003 could be that time of day.
$SNMN
Decentralized Life coin airdrop would be sweet to shareholders.
$WDLF
Some people getting antsy, will see a Tweet I imagine soon.
$SNMN
Lol. Need a few more of these dumpers out of here.
$SNMN
$15.3 million weekly money flow into $WDLF
Could be after hours as well, it's a launch of streaming service, as traders we want it now, lol.
Anticipation is killing me...
$SNMN
Boom! Back to the .0080's
$WDLF
SNMN so freaking thin here.
$SNMN
I would think this is a material event needs to be posted in disclosure section on otcmarkets.com we shall see.
$SNMN
Should be getting updated info on launch today.
$SNMN
Agree been long here since January, pps retraced pretty hard spring and summer, made some great money on it's way to. 04, going to be big runner now and into Roy with all the catalysts imo., These guys definitely great, maneagement. Their business model as an incubator is pretty great too, revenue down the road.
$WDLF
WDLF on it's way back to .10 plus imo by fall, eoy, insiders bought even higher in the mid .20's WDLF has the catalysts MJLink IPO, 3 other IPO's in the works, company is a tech incubator even with the share structure no convertible debt ever as long as Ken is CEO. This new ETH blockchain token to be used with their ai social network platforms.
$WDLF
Looks like we got what we needed not what we wanted - closed 1 tick up.
Now see what tomorrow brings.
$SNMN
Got you, yeah could be podcast for one of the licensee.
$WDLF
Will be today...
On August 13, 2021, we will publish a press release titled: “Social Life Network (OTC: WDLF) to Host August 19th 2021 Shareholder Update Podcast for the Q2 2021 10-Q”
$WDLF
Would be a day to remember. This one has been a great day to remember already!!
$WDLF
Decentralized Life coin, actually will be tradeable coin on the ETH blockchain. The Social Life Network platform was already based on AI and blockchain technologies, this new token will be incorporated into their social media platforms.
So yeah much much more the a non fungible token to store valuables.
$WDLF