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Well looks like you are 2 for 2. Cctl was a nice one. Expect similar here.
Good stuff. GO DUKE! Sorry could not resist. I like the tar heels. And that is coming from a Tex.
Just have to ask. Who held their shares today? I know I did. Who sold in trips? Who learned something?
How do you know they didn't work yet. I get in BEFORE the bounce. Sometimes it takes a few days, sometimes a couple weeks. Things don't reverse immediately. It is a process. Look again I bought when bid ask was 9/10 last week. So far that has been bottom so far I was correct. I sold though at 10 on Friday. Not interested in this anymore. Interested in other plays that I think are better BUT this is probably going to have a bounce. People who bought at the price I did will most likely make some money. Just sit back and watch and little bit. Give it a little time, a few days before trying to say indicators I use didn't work. It is to be determined at this point in time. So far though 9 and 10 looks like the temporary bottom before the bounce. Anyway I am busy with other stuff so this is the last reply to you about this. I don't post much anyway and rarely post about a stock I am not interested in. Just wasting my time. Only responding because you keep hitting me up. Not responding anymore. Good luck to you.
Yes I look for bounce plays before the bounce happens. Why is that odd? Chart has been bearish for a long time. So what? Everything bounces, everything!. Despite a bearish chart if you know what indicators to look for you can time bottom kind of close and get in before a bounce. Even with a bounce a chart overall can still be bearish. Get in get out. Certain indicators and conditions hint and clue that temporary bottoms are in. Once I see those indicators are showing bottom is close I buy. I don't usually nail bottom just exact. I get pretty close though and with the volatility of OTC stocks close enough is good enough. As far as OSLH I will probably be right and this sucker has a decent bounce even with the morons at management. I don't have shares. I got out even. I am just not interested with this play anymore but I think it has a decent bounce. Glty.
Don't know big Al if she did. I bought shares at 001 for a bounce play and then exited soon after also at 001 with that huge increase in authorized shares. I was interested in this. I am not anymore. Other plays out there. I already jumped ship and got out without damage. I do think they fully intend to issue below Where PAR is now. IMO they will add at least 1 zero to PAR and change it soon. I personally don't care what they do. It doesn't effect me. I wish the best for shareholders though.
Thanks man. BTW, you are too.
Yep. I do see trends. One of them is big fat bounces every so often. Anyway good luck to you. I have my shares and I know exactly what will happen. I wish you well with your posting on the message board this next week. Me, I will be making making money.
I am up 28.6% and the bounce hasn't really happened yet but it will. Learn to read charts. Execute some trades and make some money. Yapping on this message board day and night isn't going to make you anything.
This looks good to go, has since Wednesday.
They can issue shares under PAR. I am stunned that they did not change PAR value though. Issuing shares under PAR value can cause issues for both the issuer and receiver. Easiest way to remove the issues of issuing under PAR would have been to lower PAR or reverse split the common without changing the authorized amount. They did neither. Strange, I don't think I have ever seen a company raise authorized that high before without either changing PAR or doing a reverse split. Well I started to nibble some on Thursday. Glad I didn't load up. This management seems really crappy and weird. They are also stupid to do something like this right at the all time low. If their hands were tied and they had to raise. I Am sure they didn't have to raise it that high right now. These guys are fools. Zero understanding and just plain stupid. Many different ways they could have gone but they chose the dumbest and strangest path. My guess is eventually these dummies will realize they need to add a zero or two to PAR and change it. Morons.
It is loading time now. Thursday confirmed it for me. Bottom looks to be in. Chart is screaming POP.
I agree Bandit. This has a big bounce coming. I think 200 to 300 percent once bottom is found. I don't think this is bottom yet though. It is getting close. I think bottom will be mid teens. Bottom is always tough to call. In the OTC with the volatility close enough is usually good enough. Watching this closely, very interested.
I agree. Time to buy. It needs to bottom out and stabilize and allow for accumulation at this level. It will take a few days maybe a little more but a pop here is inevitable IMO.
VHUB I sold half about a month ago just to lock in profit. Riding nothing but free shares now. Still have a couple hundred k shares. I sold those shares at about 4.5 cents. I have been waiting to try and buy again under 4 cents but that seems very unlikely to happen. Frankly the stock is cheap. The share structure is great. They refuse to dilute and convert. The products are great and sales keep improving. The chart looks good too. Looks like a slow bleed up lol. I'm either just going to have to be happy with the 200k shares I do have or just go ahead and buy more in the mid 4s. If you are looking at VHUB I would say buy on a dip but dips have not been occurring, not at any decent amount anyway. I believe that if VHUB continues along as they have been and pay loans in cash and refuse to dilute and grow sells then it will be 10 to 20 cents within 6 months to a year.
VPOR the good is I actually think the conversions are done and have been for a long while. The bad is the filing and auditing debacle killed what would have been a good post dilution bounce. Also the bad is it could not hold trips 7. That was the signal to leave. When these can't hold trips 7 then the MMs will cellar box them. They become slaves to tick flippers and cellar boxing once below trips 7. Every tick becomes such a big percentage that even with buying pressure there is always a lot of selling. It takes massive buying to overcome low and mid trips. I have not messed with VPOR ever since those auditing issues happened as I felt it was going to mid or low trips. On the flip side if it ever gets back to trips 7 I will get interested again. When a low or mid trip stock hits trips 7 on the way up it almost always will continue on to 001 and above. Good recent example is IGRW. For weeks and weeks it held that trips 7 level and passed 001 today. Bottom line is when and if VPOR gets back to trips 7 then it should be looked at again but not until then.
Take care and good luck to you too.
Very nice day. I am confident tomorrow will be even better. I really wanted some 003s. Lucky for whoever got the few. Even when you guess bottom right it doesn't mean you will get the shares. Accumulation around and near bottom is the way to do it. Very happy with my 004s and 005s. Plan to even do a little slapping to get some more. Chart is wide open. Huge room to run.
Looking good.
Thank you for your input sir.
Never know crude. In OTC land anything is possible. Great risk and reward. Something that you are suggesting is a 1 in 1000 here on this market place but hey there is a chance. BTW judging by your handle I assume you play oil? Just wanted to ask your opinion of what you think WTI oil bottoms out at. Off topic I know, just wanted to get an opinion, thanks.
You bring up a couple of valid concerns sir. Not to brush them off or anything but
1) The whole OTC market frankly is a going concern. These are all development stage companies. They all have a going concern statement.
2) The whole OTC market has tons of convertible debt. It is how they raise capital. Again almost all OTC companies have convertible debt.
Your concerns are valid but it applies to the entire OTC market not just this little single company. Timing is important in this market place. Fundamentals? Not so much IMO. Have a good day sir and thankyou for voicing your concerns.
Looks that way. BMAK is setting back without much force at all. He is know to be somewhat friendly at times. Certainly not the thug VFIN is. Just comes in with a club and smashes. The worst nowadays though is Buckman BKRT. He don't give a ... As 514 said when VFIN took a hike that was the sign.
Thanks, just got more first thing today. This one is looking good.
Last night I put in a limit order for a couple hundred thousand. I knew ahead of time I would be busy today and not be able to watch L2 or charts. Under those circumstances I don't "load up". I only load up if I am able to watch. I will nibble and start to accumulate though so I had that limit order in for mid 004s. Well it hit and to be honest I wish that the reversal didn't happen for another day or two. Probably not going to happen, looks like it already started so I will have to grab a big chuck to go with with my 004s. It's cool, not everyone gets bottom. Once it gets to 2 or 3 cents I am not going to be sitting there saying to myself "heck I had to buy some at high 005s." Not going to give a rats azz. Have a good one and good luck.
Agree. Nice indeed. Seems to have just started on L2 and on the chart. Like you I wish I had more shares. Couple hundred thousand is nice but 1 million shares is what I wanted. Maybe I fix that tomorrow :)
Yes could move to 2 to 3 cents no sweat. Just need a pause in conversions or at least a slowdown. Looks ready to go to me though.
I hear ya chance. Took profit this morning. Now trying to double dip my chip. Feel pretty good. Fib retrace playing out IMO.Your 17s should be good. Looked at the trading that happened after 11:00 buys and sells were about equal yet it dropped almost 50%. There was very little bid support and when there isn't much that can be the result. People were buying off the ask just as much as sellers selling on the bid but with no bid support it tanked. Fib retrace should be good to go though IMO. Need to see better bid support. End of the day had solid bid support. Be nice to see that continue tomorrow. Take care.
I couldn't get 17s myself. Managed to get 19s but not much. Was trying to get back the shares I sold this morning but it didn't work out. Well it is still cheap and still a good buy so....
It is looking promising. Been watching this for awhile. Been watching for bottom. Looks to me bottom was achieved. Expect a reversal now. With no other catalyst, just the chart this looks to have a solid bounce. News and it is even better.
Added some just now to help knock out 9s. Already have my couple million 7s from a few weeks ago.
Yes all true as far as I can tell but it is 849 million not 846 million.
Algorithms doing their thing.
Amen to that. I know I am having fun.
Thanks Bernard. Yes I agree with what you are saying. As far as MDCN I got in and out for a trade and did pretty good on it. Got in at 0012 and out at 0027. I only trade these OTC stocks, sometimes I don't hold them for more then a few hours even. VHUB is the only one I have a long term view on. Good day to you sir.
I don't know. I am pretty sure that note was converted several weeks ago. I could be wrong but I don't think so. That note could be converted before July 10th. Magna didn't have to wait all the way until July 10th and with that spike to well over a penny a few weeks ago I would find it hard to believe that they didn't covert just before then. I am pretty sure I saw BMAK all over the ask during that spike. BMAK is the dilution dealer Magna uses. Evidence of the typical conversion action and price action leading into and during that spike leaves me that the note was satisfied back then. Well, we will find out for sure in a few days. The truth will be the transfer agent. If there are not increases to the outstanding shares at that time then that will be the definitive that the note had been converted in the past. I have been checking with the transfer agent every day since I got interested in this. Starting last Wednesday outstanding shares stopped increasing. I will continue to email requests to the transfer agent. On Friday the 10th after close I will get the numbers and see if there is an increase.
VHUB looking stronger every week that passes by. Nice steady continued uptrend for a couple of months now. This has been a solid move. A couple of items to address.
1) Two insiders recently excersized their option to acquire shares. Both combined for only 260,000 shares so this is basically really nothing to talk about.
2) Gotoma looks to have been forced to convert the note into shares at 15 cents per share. Good deal for VHUB currently as it eliminates 600k of convertible debt. As dilution from that will be extreamly mild. I believe I saw they get about 4 million shares or something like that. I would have to look again to get the exact number. Anyway VHUB got to eliminate a huge chuck of its liabilities with really very small and mild dilution. Very good deal for VHUB. I don't know how Gotoma feels about it. I don't see why but maybe they even wanted to but I would doubt it at 15 cents a share. Well the only negative is that it is possible that they take the shares and decide to short against the box with them. It is common on the OTC that penny stock loan companies short against the box with the conversion shares the receive. Normally this puts the stock in a death spiral because the lender getting the shares is getting a ton of them and has plenty to easily and safely to short safely and send the stock tumbling down. In this case however there really isn't many shares that they are getting so even if they choose to short against the box they will run out of inventory very fast. They might not even attempt to short against the box. With the small amount of shares they are getting it could be risky. In their situation their better option is to go long with the shares. Keep in mind if they do they will probably hire a promoter to juice up the share price. If this does happen it will be the lender that is behind it and not VHUB.
3) The FDA is a bit of a concern. Looks like what will be regulated VHUB is already on top of it and there won't be any issues for VHUB. However I have to bring up the cynical side and bring up what if the FDA is crooked with their dealings with lobbyists? Yea, that will not be good for the whole vape sector. I'm sure big tobacco would do anything in their power to destroy this industry. They don't have the power to do it but the FDA does. That does bother me some. I believe the FDA will be fair as any attempt to destroy the vape industry will easily and clearly be seen by everyone as a payoff to big tobacco. The cynical side however must be considered. The FDA better be fair with this. Will the FDA be fair or will it be shown they are in lobbyists pockets.
All and all things continue to look good and I am very pleased I made this a long term play for me when I decided to do so in February.
Dilution dealers do more then just convert shares. I believe the process goes like this. A penny stock loan company makes many calls out to penny stocks. The majority of time these lenders call up the companies not the other way around. They say hey company X, you need capital. Company X says heck yea I do. The lender says OK here are the terms. The terms are usually that the loan must be paid back in cash within 6 months. If not then the lender gets shares issued at usually a 30 to 50 percent discount and a look back period is used of usually a few weeks. Usually in these loan terms either the lender or company can convert the loan due into shares whenever they wish before the loan is even due. Also these loan companies really like to hit up OTC companies with good liquidity in their stock. Loan companies have been known to call those kind on a daily basis seeing if they want a loan.
After a period of time and the vast majority of the time the loan due gets converted into shares to pay the loan back. Through the company's transfer agent shares are issued to the lender to satisfy the loan due. Look back periods and discount rates are applied. These penny stock lenders like Typenex or Magna are not OTC dealers so they need to hire a dealer to liquidate the shares and get their money. This is where VFIN BMAK BKRT VNDM come into play. The lender hires one of those guys to liquidate the shares. The lender is their client. The shares belong to the client not the dealer. As days go by and shares are issued the conversion dealer/s are busy liquidating shares. That isn't all they do though. They have a responsibility to their client to make as much profit as possible. How is that best done? I would think by profiting on both directions of the stock the upside and downside.
These dealers are getting these shares while dilution is occurring. As it is occurring they do liquidate shares but not all of them. The lenders are known to hire promoters to help increase the share price. Then the dealers liquidate. After a point they stop liquidating and take the shares they are receiving and work the downside. They do this by shorting against the box. They use their own inventory of shares to do the shorting. They short multiple times a day and cover everyday. They continue this for a period of time. As they short against the box though the shares they are using are not being liquidated. They can't be because they need the inventory. As they receive more inventory they will go ahead and liquidate some more so long as they keep a cushion that allows them to safely continue shorting against the box. This process continues on for another period of time. Eventually you reach the time that the company has fully satisfied the loan due with the issuance of shares. At that point there are no more shares coming in from the lender to the dealer. The dealer then must go easy as their inventory begins to dry out. Therefore it is often the case that once a company is done with conversions that you will still see a dilution dealer hanging around the stock as they still have inventory. You will see them get less and less agressive as well because they have to as their inventory is shrinking. The laws of supply and demand is completely in chanrge. Just remember that once conversions are over as I believe is the case here, it doesn't mean that the dilution dealer/s has liquidated all the conversion shares. They very well may hold some inventory. Their responsibility is to the lender their client and their job is to get as much profit as possible both up and down as they liquidate. Hope this helps, good luck to you.
Look to be honest you and many others here seem to be very lazy. It isn't about trust and trusting anyone on IHUB. For heaven's sake would some of you get off your lazy asses and do so DD. His phone number is public information put out by AT&T, so find it and try and text him instead of going through a I don't trust anyone bit. Also go to OTC markets and click on the transfer agent link and get the email of Mike. Do not call him. He will tell you to send an email. If you send an email he expects for you to be professional so that means give your name and phone number. Once he gets a chance he will call you back to verify it is you. If you don't answer then you don't get share structure numbers. Once he has verified he will email you back with the share structure numbers you want. Too many of you here doing all of these posts about not believing anything. Fine and good, but get off your lazy ass and verify for yourself. No wonder I do circles around many of y'all.
So ATT is in in the scam? Come on. Some of you folks are really getting carried away. I texted him he texted back. It was him. ATT says so. He didn't really say much to me though that I didn't already know.
Don't know about emailing him. I have communicated with him via text a couple of times. The transfer agent I have to email.
I hear ya. I'm looking at the same range you are. After selling 19s I did buy back 1 million 16s. If it gets to our target range I will triple my position. I went ahead and bought back a million just in case he puts out a debt free PR before tomorrows open. Also I am ok at getting a quarter position at 16. I won't buy anymore though unless in our range. If it pops before reaching our range then I have a million shares. So I am in position for either direction.