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How smart were the peeps that were selling at .0035 midday? LOL
Market Cap is low right now.
I think people are just waiting to see if any more .0001s will become available. It doesn't look like it. Low volume today might be an indication dilution is winding down or over. Most are just sitting on the fence now.
I read it as somebody wanting help slapping the ask. That's usually what it is. Not sure if MMs use it anymore.
Yep, I think MAXM left early after selling 19mm shares. Hope that was the bottom of the barrel.
Nice volume first hour. PS not sliding down.
Not sure why somebody would keep reloading sells at .0005 when they could sell at .0006.
4 MMs at .0006 now
I think some peeps tried to move the ask down to .0004 but it didn't work. looking at blue skies now as 5s get eaten up.
Should be saying goodbye to .0004s for the last time soon.
When dilution ends, PPS goes up. Often it goes up 5X or so. As long as dilutors remain absent, I will be optimistic.
Either way, I expect the walls to go down this afternoon. We might have a nice, green power hour today.
Those walls on the ask are most likely sell orders on the ask. People need to be convinced that the dilution is over and pull those sell orders. Then we move north.
L2 is thinning out nicely for power hour.
Then why are you here instead of at other boards?
Bragging about passing up $24K?
If they bought at .0008 why would they dump at .0008 when it will probably be worth double that soon?
A lot of shares were bought at .0005 and it looks like some peeps are happy with 2X. IMO they are leaving money on the table but everybody has their own strategy. Looking for things to pick up again after lunch.
Once people are convinced dilution is over, we'll be back in 00s quickly. If no diluting MM by lunch time, we'll have a great afternoon here. Easy 2X from here. Depending on news Monday, could be looking at 5X or beyond.
Wondering if we are lucky enough to have dilution end just before 10Q comes out.
Which MM is selling the diluted shares? I haven't seen one.
Some hefty ask slapping going on. $3k here, $3k there.
More OS, weaker oil market, no oil rigs to sell translates to higher ps? That's some odd math.
Kenneth Bland doing another S1 that includes forgiveness of the $600K debt?
Looks like a great year doesn't say too much. Is he talking about Sooners football, Bland having $600K forgiven or 665?
It touched .02 before dropping. Oil prices weren't the main catalyst for that rise and you know it.
Reload it
I had 5mm shares of SSOF at one time. Never buying back in.
Here's a handy website for oil rigs. http://insights.energentgroup.com/weekly-rig-counts-in-permian
+4 rigs to a total of 1049 in December. Not exactly doubling down.
Did the oil rigs vanish?
I'm looking for Clayton to go back the way things used to be. He doesn't have any hope in doing the refurbs as he wanted. It made sense a year ago to head that direction but not now with the oil glut. Clayton can go back to a private company and get rid of Bland that way.
What about the two rigs sales by end of 3rd quarter that Ho mentioned? That's history and it was a lie. No rigs for sale.
What's your take on the debt of $600K Bland wanted forgiven in the S1?
Usually an increase in AS results in increase of OS so that the company can dilute. That's why you saw so many selling today.
Need to survive this small volume walk down first.
1 FT employee
I see blue skies
$95.99 is too f... much
Here's another vendor
https://painreliefmeds.com/shop/
The stock stinks but the products are good.
Don't see 400k at .019 anymore. That's a start.
Have some sell orders on the Ask. Would like to see those get cancelled and we fly.
Which ticker are you looking at?