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Yep, I was here too. I remember you. That pop was a nice money maker. I like the setup right now. Indicators are looking strong, just like then.
The rally it had in April lasted 6 days and the pps went from 3 cents to 17. You asked the question lol. Hmmm, was it pinched then?
Agree, shorts during conversions are in full control and really have little to no risk. Only way they ever become vulnerable in this kind of situation is when the spigot gets turned off...uh oh!
ADX is still well over 30. The RSI broke over 30 and held and the 20 day moving average was breached and held. PAR/SAR flipped. Perfect setup. The combination of those indicators is usually very good.
The action today looked like to me that BMAK was caught off guard. I know full good and well that conversion dealers will short against the box with conversion shares, then cover lower. They do not own the shares though, their clients (toxic lender/s) are the owners of the shares. Whatever is shorted against the box must be bought back and then liquidated so that the dealer can give the lender his money.
BMAK has been on the bid an awful lot lately and he was there all day today. What I say are theories so take them as that but it is possible BMAK is caught short and he thought he would be getting more conversion shares but he isn't. If read between the lines the PR today pretty much says so. Pretty hard to cancel a planned authorized share increase unless the need for the inventory in the treasury was no longer needed which then means no more issuance for conversions. If BMAK was not expecting this and has a short position open then he could be in trouble, especially if his inventory is dried up. Here are the reasons I believe he might be caught short.
1) He is always on the bid
2) This afternoon an attempt was made to knock this back below 0019 because that is the key to momo. It is the 20 day moving average. The attempt to squelch the momo (which he was a part of ) failed.
3) At around 3:45 or so, something like that after the attempted attack to bring the pps back below the 20dma there was a large amount of buying hapening. 22s got taken out fast. 22s were retail. While 22s were taken out BMAK was at 23. Immediately once 22s were taken out on the ask (20s were on the bid and BMAK was there) he jumps down to 21 on the ask. One tiny hit for 1000 shares, yes 2 whopping dollars makes him back off and move. That looked like an attempt to slow things down. He has no shares though if a tiny 1000 share slap pushes him around. I personally believe he needs dumps into the bids, he needs shares and he needs momo to be killed. I expect for him to act deceiving and desperate. The 20 day held easily so BMAK might really have issues now. Not guaranteeing anything though. The battle pretty much just started. BMAK has a chance to wiggle out if retail dumps into him. Also from the action it is possible that CDEL might be caught short as well, but I don't think nearly as bad. For those that don't know CDEL on here has been doing retail and it seems conversions too.
It broke above and held above the 20 day moving average. That usually indicates that what you call "business as usual" probably will not be happening tomorrow. Next up is the 32 day and if it breaks and holds that then the 50 which is way up there well over a penny. I hope over the past week you picked up some shares. You have done so much yapping it would be a shame if you are not even smart enough to know how to make some money, especially on low hanging fruit like this was.
Here are the complete facts about the share structure and potential changes to the share structure. First the current authorized is 1 billion. A proxy was filed a few weeks back that gives the authority to increase to two billion. This is a SEC filer so they must give shareholders a "warning" before they even change it. The proxy filing was the warning. Once the warning is given then after 20 days by SEC rules they can then raise to 2 billion at any point. It could be a day later or a year later or whatever. Also it will be known once the authorized is actually raised because a share structure change will have to be filed to the SOS. Also an 8k will have to be filed. Because this is a SEC filer there is a 2 part process. One authority must be voted on and then made public, which has happened. Second it then must be enacted, which has not happened yet. As far as a reverse split it is the same process. There has not even been a proxy filed to even give the authority to do one and give shareholders the required warning. Until and if there is at least a proxy filed then reverse split talk is very pPremature. They also could choose to go pink down the road and they also can receive a 180 day grace period to regain the QB bid compliance. Another thing and again this is a SEC filer so they have an auditor. Auditors require huge amounts of authorized shares for a company to keep in its treasury when a company has convertible notes as this one does. My disclosure is I have flipped this stock several times over the past month or so. Recently I started accumulating to build a position. If all the sudden the stock runs I have enough to make sizable gains. I at the same time would much rather have a lot more shares but I would like them lower. I am really indifferent right now whether the stocks goes up or down right now. I have a plan for both. Honestly I would prefer for it to go down.
Watch the 20 day moving average. Needs to break above it. I think that is 90 cents. If it can and holds above it then it will keep on truckin to the 50 day moving average probably which is 1.24, good luck!
Agree with that too. That is a good indicator (growing bid). Also the RSI, MACD, PPO, and ADX are all indicating a bounce should happen relatively soon. If sell volume stays away and bid grows in combination with those indicators with where they are I think we have a good shot.
I agree, I noticed the volume today, how it dried up. Let's see what happens going forward.
Went ahead and bought some of this today. Kind of like the setup here.
I hear ya. I bought all at 59 cents last week and sold all at 82 cents today. A 39% gain at bad at all.
Thanks, keep in mind I posted that in late April. Things since then have changed some. The pps at the time was only around 2 cents, also at that time it was not confirmed (it was hoped, and logically theorized by me and a couple of others) that the company would pay the Typenex loan with cash payments and not dilution. That big white candle on May 11th was the realization and hope turning into actual fact that indeed VHUB started to pay with cash. They have continued to do so monthly. I think they have 6 more payments now left on that loan, something like that. There was a PR put out a couple of months ago where the CEO said exactly when they would be done.
Even with some of the differences now from late April I still feel most of that post applies, which is why I still have it stickied. At 2 cents the pps was silly low. It jumped up after and uptrended and has now been pulling back for a little while. At the current pps I still think not much has changed from that post. The pps is higher but I still feel the company is undervalued and I still feel for the same reasons I gave in the past.
I had a lot of money in VHUB and I got in really low in the 1.5 cent range early in the year. Over the Summer I sold half of my shares in the mid 4s which enabled me to get my investment money back and take some profit on top of that. I still have a few hundred thousand shares and they are all a free ride. I like the company, the sector, the management. I plan to hold the shares I have long as I think VHUB is a big winner. I have nothing to lose as I am riding free and with profits already in my pocket.
I have been watching this recent downtrend. If the pps continues to go down more, especially since I believe the stock is undervalued, I will begin to consider buying more. I am already in a good and risk free position however so to buy back shares for me the indicators I look for would have to blow me away to get anymore shares. Thing is though those indicators I look for are slowly getting in that range.
I got out yesterday. I didn't like how weak the bounce was. Made a little money about 10% on it. With the heavy dilution it seems it is about to have that will make it easier to trade anyway. Spreads here are too wide and the stock is too thin. Dilution will help those things. Might revisit when it is lower.
I agree with you post in whole. Yesterday I thought the same. To me indicators suggested that the downtrend might be exhausted and an upside correction would be due very soon. In at about 59 cents. I agree with your target as well.
A few things I would like to give some input to.
1) OG I think has the quarterly nailed in his assessment of it. The last of the conversions should be here and now and be from the note that hit last month. Reading the Q it seems that all other notes have been rolled over and consolidated with friendlier lenders (less destructive) and shouldn't convert this year. Also the Q was actually a good improvement over the prior financials.
2) OTC is in its own world. It follows nothing.
3) Some here wish to repeat over and over and over and over and over and over and over and over and over that OTC companies have ruined the OTC. Promoters, companies, pumpers destroyed it all. Basically entities looking for the upside. Well that is half of it. The other half are the predatory loan sharks, dealers, and short and distort scams. Basically entities looking for the downside. They are just as much at fault. In my view if one wants to keep going on and on about the fall of the OTC then yes these companies have a lot of the blame but they are not the only ones at fault. Many entities excluding OTC companies have severely damaged the OTC.
4) EVTI is ready to roll. OG is correct again in that all looks set up as far as technicals go and what is suspected to be the current end stage of conversions. As well as the fact that right now outstanding shares are just a touch over 300 million shares so still a very good share structure. HOWEVER, this is the wrong time of year. August sucks for penny stocks, always does, no volume. A catalyst is not necessarily needed as the chart itself could be a catalyst IF this was not August. It is August so IMO either this sits here for another couple of weeks until volume comes back to the OTC OR the CEO/management could provide a catalyst now or soon by putting out good updates/news. Either way it is due a huge bounce and it will come. Up to management on whether they wish to try and generate a catalyst now or just wait a couple of weeks when OTC volume would return. Up to them.
Wouldn't that be something lol.
Yea I like it too when it is kind of quiet. Means less pumpers usually. I have some shares that I bought last week. I kind of liked how quiet it was. All this needed was a little volume.
Buying trips here was a no brainer
Life in the otc man. Pretty typical stuff. As long as it doesn't go on longer then a week then it is not a big deal. Enjoy your weekend.
An extension for a few days is nothing. Will not effect anything. If the share price goes down it will not be because of a few days filing extension for the Q. If it were to go beyond and past next week then yea. These stocks file a few days late on a regular basis. Never seen an extension really hurt one of these stocks AS LONG AS it is not more then 1 week.
Some volume just showed up. WOFA is a go imo. Sometimes these with this setup sit dormant for a little while before doing something. Pretty decent Q also, nice revenues. Very small share structure.
Oops, I am at work and did not catch that buckman had moved his fat ass
Exactly right my friend. That is why you see buckman sitting his ass right where he is. He has a problem though.
Exactly right my friend. That is why you see buckman sitting his ass right where he is. He has a problem though.
First as far as authorized being increased it was to 2 billion and that was weeks ago now. People always forget these companies have to keep authorized shares in reserve as collateral when having conversions on going. That is just a fact. Auditors require it period. In EVTIs case I believe they have to have a reserve of x8 as collateral. When they increased the authorized it was not something stupid like 10 billion shares(they did at first but it was a mistake). It was the typical raise to 2 billion that a stock in this situation usually does. Also they kept PAR at 001. Meaning they do not INTEND on issuing below 001.
I talked with the chairman 1 hour ago and gave him my opinion about timing. He understands timing is important and I gave him my opinion that there is a window of opportunity now. Just was giving him my thoughts.
I gave support and slapped Buckman at 19 earlier. Pretty decent size too. Others are going to have to step up if they want to. The chairman can wipe out Buckman and the tick flippers at 20 with any decent news at this time. Pretty sure it is coming. On another note this baby is still pinched it seems to me. The pop it had a few weeks ago when it hit a penny was not enough to relieve the pinch. PPO and RSI are still in the toilet. Adx is still around 40 which is still very high.
Buckman MIGHT be vulnerable now. Seems to want to hide around the big retail block at 20. Retail block at 20 goes away then he goes away. FYI I put a bug in the ear of the chairman that if one were willing or able to put out some decent news soon then the timing should be good now.
Buckman MIGHT be vulnerable now. Seems to want to hide around the big retail block at 20. Retail block at 20 goes away then he goes away. FYI I put a bug in the ear of the chairman that if one were willing or able to put out some decent news soon then the timing should be good now.
Buckman came back. He is the hold up. Whether he is dumping or not he is effective in being the road block. He has to go for this to really move up at all.
Pre market Buckman gave up ax, sitting back at 003. Lets see if he stays there at open. If he does then go time IMO.
A position here should be started at 12. Maybe 25% then load about 50% at 001 if that comes. Hold back 25% for high trips if they come. This is August to, remember that. This month is always a big headwind to the OTC.
As far as authorized I would think it will have to be raised eventually. PAR will remain at 001 imo however. Until there is a filing or something from SOS at least then it is just rumors and useless. Imo anyway a raise to up to a billion would not kill this. 10 billion or something stupid like that then yes but 1 billion or so no problem. Most 001 stocks with about 1 billion authorized bounce from that level. In that rumor that is floating around that author is ridiculous calling for trips 1. Authorized of 10 bill will cause that. Authorized at 1 bill causes 001. Again however nothing has been raised yet so just a rumor.
Yep I said last night going higher. It will continue. Piece of cake.
I sure am glad I got shares in this last week. This is looking good headed higher.
No intention to sell order. There is also NITBO no intention to buy. Both are L2Manipulation. To make the sheep get herded where they want. NITSO is used usually to accumulate and NITBO usually to dump.
Now almost 12 million on the ask. Looks like a NITSOs. Looks stupid as well. Anyway I would like some 001s so whatever.
If I had to guess and it is only a guess people want cheaper shares. Walls are put up as NITSOs at times. I would not mind buying at 001 for instance. I don't do NITSOs though. It is market manipulation. Just go with the flow. Buyers don't seem interested here. I bet they will be interested at 001 though. Maybe 12 if the bid is real. Never know for sure what is or isn't real on L2.
I'm sticking with my guess of 15 to 18. That is what I figured a couple of weeks ago would be it. I think 001 has a chance but as you said depends on note conversions. With look back period and discount rates recent conversions got locked in at 001 as conversion price. This I feel is why they hammered it down to 18 to lock that in. Now it depends on what they want to sell the shares for. As you said I also have seen many of these run big afterwards. Time will tell. Lets see what effect that PR has and what converters do today. When and if they leave then we can have some fun.
Agree big bounce coming soon. He was saying it went pink on Friday. I just wanted to clear that up.