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I actually do. 514 and I were having a conversation about flipping a channel at that time which we both did successfully. We were not talking about bottom for the stock before a major bounce. We were talking about channel flipping at the time. In a private discussion maybe a few weeks ago he and I discussed what bottom could be. I remember saying 15 to 18 and if below 15 then 001. I might have made a public post too but I am not sure if I did. I have flipped this a few times while waiting for bottom to come. First time I did it was mid 004s and sold at a penny. Then have done 2 channel flips since. Now I am looking to accumulate for a bottom bounce. Different situations and opportunities I am looking for from then and now.
Folks the bottoming process is painful for any ticker. Especially when conversions are a major player and to be honest they usually are with these stocks. On something like this you will hear all sorts of guesses of what bottom will be. Current guesses I have seen here are 18, 15, 12, 10 and trips. Nobody knows for sure folks period. Best approach with something like this is to accumulate slowly. As bottom is forming you start to buy. You don't blow your load all at once. Take it easy. This could go to 001 or so it is possible. At the same time dilution could cease soon and the stock gets hot. What I feel very confident about is this will have a huge bounce eventually. It is a great chart set up for one. It will happen I strongly believe. Be smart, be logical, watch indicators. Yes getting the cheapest price is great. I want the cheapest price too. What is that going to be though? No one can say with certainty they are all guesses. Pick price points and accumulate and wait. Not complicated. Currently two of my price points have hit. I bought. I have 3 more price points. If they hit I buy. If not and this runs then I have the shares I have. You must get yourself in a position to grab opportunity whether this goes up or down. The bottoming process is happening. No one knows for how long it will continue. Could go on all month. Could have ended today.
No that is not true. CATV went to pink awhile ago. About a month back. I remember seeing pink current for CATV on the Otc markets website at least a month ago.
I know CDEL is retail. My orders get routed to him 80% of the time. Recently though he has behaved as a dilutor on many tickers. Are those all just flippers on all those tickers using CDEL making him seem as dilutor at times? NITSO? Phony dumping? Games? Sure, that is very possible, but at the same time maybe he picked up more buisness and now does both. I don work at Citadel so I can not say for sure. Hell, I will call them and ask. Probably a fat chance they will tell me but can not hurt to try and ask. Will not cost me anything.
Yea sounds right. He probably wanted to pick up more buisness so he dilutes now too, went back to his roots and at the same time is still a major retail MM. He probably makes a killing doing both. What he shows on the ask should give away his function at the given point in time. I still rather see him then BKRT or VFIN even in the times he is diluting.
Yep, he is behaving as a dilutor. He has been acting as one on many tickers of late. He is still retail too though. Last few days I have placed 4 trades on various tickers and he picked up all of them. Looks like he does both. He used to be just retail. Guess he has picked up more buisness?
I'm in. This is pinched hard and RSI is in the toilet. Yes it matters. Yes a stock can bounce or pop just off technicals even if the company is restructuring. I will give an example. HERO is going to restructure. It is pinched too and yep it ran hard today and will likely tomorrow too. I expect similar results here.
He is aware of the 180 day grace period. I talked to him yesterday and made sure he was aware of the 6 month grace period. I made sure to talk to him yesterday and cover everything I wanted with him before I really started buying. If it came down to it but I don't think it will, I believe they would move to pink if they had to. Not of any concern right now though. They can get a 6 month grace period and I made sure he is fully aware of it and he is.
Thank you sir.
Continue to read though. Further down, grace period 180 days can be granted.
They can get an 180 day grace period. That was something else I discussed with Gannon yesterday. I suggested that they should be given a 180 day grace period if needed. I also suggested that it is far better to move to pinks instead of doing a reverse split to stay on QB. The negative of moving to pinks isn't that big of a deal as long as they continue to report. A reverse split is always terrible. He agreed and said they have no consideration to reverse split to stay on QB. This at this point in time is of no worry regarding staying on the QB. They should be given a grace period and it is 6 months long. If it down the road comes down to it they would most likely move to the pinks vice doing a reverse split to stay on QB. I think the stock has a good chance to get back QB price compliant all on its own anyway.
That is a good sign. They use t trades to cover up short covering. No t trades means they are pulling back on the shorting. I collected 750k shares today at average 21. If they have flipped the algorithm then I have a decent ticket on the train. If they have not and it heads lower, well I have only bought 1/4 of what I was willing to buy. Whether this heads up or down I am in position and ready. I forgot to alert you on HERO sorry. CBIS and MONIF looking good to go. Am watching a couple others getting close. BTW UWTI might have a bounce soon. WTI crude chart is really pinched now. People think you can't chart UWTI but you can, you have to use the West Texas crude chart. Talk to you later homie.
Looks like I am going to be very correct with my 18 bottom call a couple weeks back.
That is true but if he has more shares coming in like another traunche or something then he will short down. As I explained to Gannon they take full advantage of the look back period. They short when knowing they are getting more shares. That way they lower the pps and then ensure a very cheap conversion price with that look back period. Having said that my guess is their goal was to get the pps down to 18. With a 40 percent discount and look back that ensures they get future tranches at 001 and I think that was their goal. I told 514 2 weeks ago 18s should be good. That was my reasoning.
That is true but if he has more shares coming in like another traunche or something then he will short down. As I explained to Gannon they take full advantage of the look back period. They short when knowing they are getting more shares. That way they lower the pps and then ensure a very cheap conversion price with that look back period. Having said that my guess is their goal was to get the pps down to 18. With a 40 percent discount and look back that ensures they get future tranches at 001 and I think that was their goal. I told 514 2 weeks ago 18s should be good. That was my reasoning.
Alright I took a nibble. 250k at 22. Lets see what the shit head Buckman does. Didn't mind taking a small starter position. Rsi is very low. Other indicators looking ok.
Thank you CJ for your analysis.
CJ, Things do look better today then they did yesterday. I am watching Buckman, he is the one I am most concerned with. Watching his actions and I will determine from there. Wanting to see if he dumps into the bid or sits and sells on the ask. Trying to determine if he is drying up.
In my discussion with him I was not told that only 125k was left to convert. Best thing to do is try and figure out through filings and quarterlies. Seems to me however toxic lenders have gone from 10 to 2 or 3 from what I can figure out.
This is my point that timing is critical. I am not a shareholder yet. Watching close though. There is opportunity here. Just have to make the opportunity.
BTW I an not so sure about CDEL being a dilutor. 80 percent of the time when I myself place a trade it gets routed to CDEL so I know he does retail. Maybe he also dilutes but I know for sure he does retail. He has acted like a dilutor on many tickers lately so I can understand someone thinking he is. I am pretty sure he is still mainly retail. Maybe does dilution on the side now? Anyway I don't get very concerned when I see him. Mostly Buckman and Vfin are the ones I do not want to see. They have no skill. They are both just straight up hammers. This is my ranking of destructive MMs from most destructive to least.
1 Buckman (BKRT)
2 VFIN
3 VNDM
4 BMAK
5 CDEL (still think he is usually retail)
I can't tell you that. Sorry but to be honest we are in competition with each other. Fact is since I am interested in buying this I am in competition with all other buyers or potential buyers. Even if I were to say I am not exact as I don't know for sure exactly what the low will be. Only the algorithms know. So my guess would be just a guess but probably pretty accurate within 2 to 3 ticks. That is fine with me. On the OTC close enough is good enough with the volatility. Bottom doesn't have to be timed exactly and few hit it exactly and if they do they are lucky. Getting close to and around and about bottom is good enough. One guy is posting here what he thinks and I think he is close, maybe 2 ticks wrong though. Lets get this chart set up a little better and get these shit head loan sharks and dealers to work themselves in either a vulnerable position OR to where they desire some upside instead of downside. Then hopefully Gannon can come in with some good news around that time and we have a winner. Fact of the matter is these shit heads are shorting daily. Then covering daily for the most part. Lower of course. They keep an inventory going so they can keep up the crap. Eventually they will want to fully liquidate though once the downside has been fully worked. Why make money just down? Why make money just up? Best to make it both direcworked.That is what these shit heads do. Just the way it is. I am not a shareholder yet. I will be keeping my eyes open though for something that rhymes with inch. Oh yea and all this OTC predatory lending crap might be coming to an end eventually. The SEC is working on some things to allow pink sheets to dilute or sell 25 million dollars worth of stock a year and QBs up to 50 million a year. That way they can raise capital that they need from those offerings. They can not do that currently. They are not allowed. Currently they have to go through loan sharks to get capital. The new rules if implemented would be better. There would still be dumping bug it would be by the companies and not loan sharks. The shorting from the conversions that adds the extra pain to the dumping would end though. I hope it goes through. Shit heads like Buckman Vfin and the like would be toast also so would Magna and Typenex and the like. I guess they would have to open some pay day loan companies to continue the predatory lending lol.
I try :).
I spoke with Gannon this evening. First thing I told him is that I am not a current shareholder but I am deffinately a potential shareholder. Second thing I told him was that I have been messing with penny stocks for over 15 years. I have what I feel is vast knowledge of the OTC market. It has come from the school of hard knocks, learning charts, learning how to read financial and learning the conversion process.
I say to Gannon "the lenders came to you in droves didn't they? You didn't reach out to them." He replied yes and many would call him up many times a day. I said yep that is common. That is what they do. They are worse then pay day loans companies. I said to him I know it is a startup company and there is nowhere for EVTI or any other OTC company to go to to get capital except for these loan sharks. He said yes. If you could have gotten capital some other way he would have. I said to him the pps is in the gutter because the loan sharks are shorting with those shares. I said they always do this. I asked if he was aware. He said he became aware recently that shorting might be going on. I told him OTC dealers like Buckman Vandham Vfin and Bmak do whatever they want. They are in total control. The share price will go where they want it to go. They are shorting without any risk as they know they have shares coming in that takes the risk out. He said in the contracts that there is a prevision that is supposed to prevent them from shorting with those shares. I said yes and they abide by it maybe BUT they can short with non conversion shares or even naked short and use the conversion shares to cover with which if done so abides by the prevision because technically they are not shorting with those shares. They are covering. Anyway I told him what is done is done and move forward. I wanted to let him know exactly what these entities do. No one should fault the man for not knowing these things. Very few do know and most CEOs of these companies don't know. It isn't like the loan sharks are going to tell them the truth. They tell them what they want to hear. I don't care who thinks what. The bastards of the OTC is not OTC companies. The bastards are the loan sharks and conversion dealers. OTC companies are to blame as well but IMO and in my experience these predatory lenders and dealers are the real scum.
I told him the share price will recover/pop/bounce but first it is most likely going down lower. I told him algorithms run this stuff. It is all figured out before hand. I then went into more detail of when it would probably happen and why it would probably happen. I went into more detail about the conversion process and that more money is made moving the stock down and up before fully liquidating. I also went into some technical explinations and gave him clear cut examples of stocks that ran big just off of technicals and explained why. In all he seemed like a straight forward guy and most importantly he listened. In my expirence I will say he really did not know any better and also at the time had no other options. I would say a majority of these companies don't know what exactly happens and unfortuantley there are also many that don't care.
I asked why on Earth with only about 150 million shares outstanding and authozied at 1 billion would they raise the authorized to 10 billion and I explained I know all about that auditors want a stupid amount of authorized as treasury for conversions usually 8 times what is needed but I said 10 billion was way way beyond that. He said they made a mistake and corrected it and it has been changed to 2 billion. That to me sounds about right knowing they need that ridiculous ×8 as collateral but that is very common that an auditor wants that.
I then told him if it where me I would have left the authorized at 10 billion once it was already out there. I said I would have used it as ammo later on when the share price was lower and the chart more set up and these loan sharks and dealers were more valuable to then at that time correct the 10 billion authorized and change it to 2. At this point I feel Gannon has a lot of positives that he can put out. I told him IMO don't yet because it would probably go to waste. I told him to wait until the loan sharks and dealers were more vaulerable and then lay the wood on them, again I explained to him when that might be and what indicators to look for and why.
He is excited about the company and its future. I think they have a good shot at it. If you are interested in this stock as I am I think it has good potential. The share structure is very small still and notes have windlled down from around 10 loan sharks to maybe only two now. The downside is pretty much exhausted (but not fully) so there should be some good upside in the future. Gannon just needs to execute and time things very well. The better he does it the better the recovery he will get in the share price. I gave him the whole enchalada of penny stock trading on the OTC, the who why when and how and I believe he will follow throug
All companies dilute their stock. I will say that again, all companies dilute their stock. Blue chips dilute. You think Bank of America has always had 8 billion shares outstanding? Nasdaq and NYSE stocks dilute. They all do it and have done it at some point in time. Big board stocks will dilute much less usually then OTC stocks because they are not start up companies for the most part and raise capital from business operations BUT when they get in trouble as BAC did during the financial crisis guess what they dilute away. Nasdaq bio tech and technology stocks dilute all the time as they need capital to grow. In OTC land it is much worse, dilution happens on a regular basis with these stocks. Its just they way it is. If you say you never want to have anything to do with a stock that dilutes ever then first you don't understand the concept of being a publically traded company. That is the whole point to being public. To sell shares. That's why companies go or are public. To sell shares. That's the whole point. Second as a trader there are zero stocks to buy that have never diluted or never will dilute, so if you refuse to ever deal with dilution then that leaves zero companies for you to put your money in. Sometimes I am fascinated by how little people know. As far as stocks that have had a run at the end of dilution or a slowdown or a cease to it for awhile at least on the OTC here are some that I have hit big on from this year alone at their given times. SIPC MDCN OSLH ARYC MJMD IGRW QEDN LGBI CATV THNS HCTI DNRG to name some. Last week I hit on two that bounced big at the slowdown or ceasing of dilution even if only temporary ceasing of dilution. CTLE and NETE (Nasdaq). There are idiots who post on these boards. They have no clue and make no money. They make many posts on stocks they say they will not buy and will never be interested in yet they post. Makes sense? BTW if you are one of those idiots don't bother replying to me. I will not answer. I make money trading stocks, not yapping on a message board. My priorities are to execute trades and make money. Not to go back and forth with you on a message board. Peace out and good luck.
Actually the "AUG 15th" being said by a few here does make some sense. It actually isn't that cryptic. What happened on June30th? The quarter ended. What is supposed to be filed within 45 days later? The quarterly report. What day would that be by? AUG 15th. Having said that if this company were to show good revenues or something like that then wouldn't it make the share price jump, especially with this tiny share structure? Answer is yes. IMO that is your answer of why Aug 15th is being tossed around.
Looking good. Going higher.
Yep I agree I am on the sidelines with you. Where is bottom? Last time I checked I am not an algorithm so I don't know, no one does. I have a hunch though but anyway the sidelines IMO is where to be BUT this is going to have a massive bounce eventually. Keep this baby on very close watch. The massive bounce will come eventually IMO.
Me too, accumulating. Like how this is looking.
Time to head up again I do believe.
This baby is gone. Look at it go.
Yup roger that
Lol I got lucky ??
BTW MJNA is doing what I thought it would.
Yep that is what I got 33s EVTI.
Let me cut to the chase crystal clear here. I see accusations are flying out by a couple of posters. Saying things about research pump and dumps. Pretty much ensenuating that anyone posting positive here is a promoter or insider. Saying the entire OTC market place is in shambles. Here is what I have to say.
There are two scams that are used. Pump and dump is one of them and everyone needs to know about them. The second is just as prevelant, just as destructive to shareholders, and just as rotten. It is called short and distort. If you wish to bring up pump and dumps then short and distort scams have to be part of the conversation.
If posters accuse all that post positive here on this message board and dismiss them all as promoters or insiders then by the very same logic what does that make the BRNE negative posters? There very well may be "scam type" posters here but if there is I am willing to bet it is both sides. There are many like myself who have no part of any group or firm or anything. Just simply making a play on technicals. This is very common. There are millions of people around the world who trade technicals so stop with the stupid accusations. Least you forget that what you accuse others of is usually what you are yourself.
As far as the OTC as a whole goes stocks on the market place don't run like they used to. That does not mean there isn't opportunity. Regulators have cut down on pump and dumps. Unfortunately they have done almost nothing about short and distort. That is changing. In an article I read a few weeks ago it seems the FBI and the Royal Mounted CAnadian Police are investigating suspected offshore firms and groups that have manipulated both ways. Well since regulators have gone hard against pump and dumps but have nit really done anything about short and distort it leaves the playing field unbalanced so naturally the least path of resistance is the downside.
I don't want to hear one stupid comment about "you can't short penny stocks" yea I can't and most retail can not because we don't have a broker that will let us. Let me assure you though if you are a big cheese and have the money and resources you can find a broker that will let you do it. Offshore brokers could let you. That is retail only. What about institutional? Market Makers can which include offshore brokers, firms, hedges, and don't forget about OTC loan companies nor should we forget about the OTC dealers themselves. You really think these entities don't short? Look with all the toxic conversions that happen throughout the OTC why wouldn't they short? It is the path of least resistance. It is safe for them and it is lucrative. Shorting is huge on the OTC, just not by retail. The problem is that by being so greedy on the downside the market makers are driving away retail. They need retail. They need retail to play in their casino. What good is a casino without people wanting to play in the casino? It doesn't do the market makers any good to have an empty casino. This means that at some point in the future that all the sudden the path of least resistance will be up. Everything goes through bear and bull cycles. Overall the OTC is in a bear cycle. A bull cycle will come back around. They always do. The OTC isn't going anywhere. It is all about money. What would the OTC market makers do if there was no OTC?
Good day. RSI only at 38.51, tons of upside room from here. Pinchers usually run hard for multiple days.
Go to the website called Investopedia. It is free. Put in what you want to know in the search. I used Investopedia for many years. I still have to go there sometimes. Most everything is there. Chart stuff, fundamental stuff, pattern stuff etc.
Yup sounds good to me.
Sorry, I did misunderstand. My apologies. Good luck to you.
Why are you laughing? Sounds like you have no shares. Trips were last week. Bottom was clearly in last week. I am up 57.1%. I can laugh as well as others with the smarts that got in, you can not afford to. You completely wasted a great opportunity. There is plenty of upside still, RSI is still pretty cold even. You still have opportunity here but I get the feeling you will continue to let it pass you by. I guess yapping on the message board is more important.
Should change your handle to iamnomoney, now that's funny hahahahahahahahahah.
Sure is. Low hanging fruit.
Nice. I tried for more at 8s but no fill for me. Took some at 9 though and holding 2 million trips 7s.