making money $$$$
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I am a beast.
I go beast mode Atleast 2 times a day on the toilet.
Paitence
When they decide to put it on gold standard or have it backed by fiat
Lmfao
Since Real estate has been good to me over the last 2.5 years I had double and tripled down on positions.
It all went into the markets and my houses.
The markets will always have its ups and downs but eventually they will top their highs and continue north. If some people really think about it….it’s all relative
I agree.
I’ve never been good at Flipping otc’s
When i worked at the investment bank,
“Mean reversion” for 2.5-5% per week works great for over $500k investment on liquid assets.
But otc takes balls of steel and titanium (possibly even carbon fiber) to make real money.
I’m just going to light when this clear .03 then .05 then climbs to .10-.12
I can’t wait to say told you so.
There are 5000 con men on ihub posting.
Atleast 5 on here
Where you see this?
Too many crooks trying to steal from the inexperienced.
God bless that Your a good trader. Some others are fake but you know your shit pretty well.
These people are just getting suckered left and right from just comments
I’ll put a bullet hole in your post right now.
The energy used to heat a house and make hot water is almost 12x the amount of energy used for mining.
So since your so concerned about a bunch of global warming hocus pocus, I’ll help you on your quest to stop miners due to electricity when you shut off all the electricity in your home including your heater and water heater.
Sound like a deal?
Meh soon enough. This market was expecting a rate hike which I feel they already priced in. The question to me now becomes how many more shares wil the MMs and banks continue stealing from retail until they are ready to push?
And I think they are taking advantage of the inexperienced traders and newbs by pushing it a little further down to shake off any more dingleberries just incase.
I actually feel bad for “apes” in amc
They really believed that was going to $1000 and GME was going to $100k…. Lmfao if that we’re the case I’m just going to buy 100 shares and make my 10mil dollars and retire….. lmfao
I have a feeling this one will go pretty far
Hey let them sell.
This is why I buy in tranches to ensure I get the best pricing.
If he’s a crook I have a nice write off to gains. If he’s not a crook a lot of people are going to be upset that they read this board and fell for the games these MMs are allowed to play.
Which Is why you get in before and park it.
I also can’t say anything bad about it as it made good swing trades for the last few months if you can sit there and watch it.
I grabbed a bunch more at .0261 and 0264
And may continue doing more purchases IF it goes lower.
BUT I wanted to confirm that some places actually used flexa no sheetz definitely did.
Near my mountain property is gas station/food market like turkey hill/wawa/etc.
I finally seen it with my own eyes.
I also did the same thing when square came out and jumped on that immediately
We should be on 5th and final now….
No problem!
Wasn’t the last filing showing revenues of almost 2 mill and 2 mill in intrest payments?
Now with no intrest things might be better than they let on. One thing I’ve noticed over the years is that when companies stop filing but continue doing business in the OTC ONLY, they usually have a plan big enough to make something happen
Well said.
Also nice dump out today.
Apologies my phone is loving autocorrect….
But hopefully that helps explain why certain people post only on certain boards.
If they were just disgruntled, then shooting themselves in the foot is absolutely stupid.
I’m certain from watching this go on for a decade and half that some of these sites we post on and some market makers who have a exchange seat are in cahoots with each other and this is how they stay in business….with huge “bonuses”
Easy.
When lender have an exchange agreement with companies (could be any so insert company here), they would have a set date on maturity of this exchange agreement/convertible note.
So when the note come closer to maturity the people go out to all the social media sites now and post negative comments making these companies look like they are the worst and they know people that don’t actually know the markets will fall j to the game of emotions and dump into the bid while they short it.
In the agreement, there will be verbiage that states the lender will be able to convert (X) amount of shares on said date (could be a few different days or one day depending on how the agreement was written) using a 5-7 day pricing average.
So the lower they can get the pricing, they would be able to convert at a DISCOUNT (normally 25-30% or if company is desperate…as high as 50%) to that 5-7 day average pricing.
So if we’re floating around .01 and the conversions are coming due, they would be able to convert shares and be in at .005 while the bid and ask still sit around .01.
They would already be up 100% on that scenario. Then some even go as far as hiring a promoter or PR firm to help push the pricing up. They make money on the way down….and the way up.
The only way to combat this is if the company pays the note in full with their yield factored in prior to the due date.
The new laws that the SEC put in place actually help and some companies were smart enough to purposely go on the expert market (not greys) to stop dilution since there is no bid and ask quotes…. but some shareholders would never understand that scenario nor would they like their account value showing peanuts since expert market goes straight to trips and the ONLY people that can BUY Are accredited investors, the company, and market makers. So the rich and insiders can but IF AND ONLY IF Shareholders get shook out. The last paragraph was a expert market scenario only.
Let’s use PSRU as example now! There were people buying this and covering at .03’s after the RS. And then they shorted it again all the way back down to where we are at now. Say they get their conversion at .0015 (sicne we’re floating around .002’s using a 25% discount model) they would be highly likely to start covering from a short position again OR having it promoted/propped just to create liquidity for the lender to get their money back plus intrest.
Once they are done selling shares the stock will either continue going north (due to a bad short position with people still buying) or go south again creating the same patterns we see almost every single penny stock out there.
Say if the notes are done and the company is turning over…..then it would be beneficial for the company to let this happen as they can get shares cheap in the otc one last time….they would only create more equity for the company and the people that lent them money. This scenario is a win win for everybody as long as they can wait it out.
From the looks of it, somebody has been sitting bid collecting shares for almost a year. ALSO…the MMs cannot buy directly from the lenders converting as that’s illegal, so they have to recapture shares by causing panic selling. They are pros at it sicne they have the capital to move markets down here with illiquid stocks.
There’s ALOT of money to be made with this and that’s why these people that lend money to these companies make out great unless the company is smart enough to fight back using the laws provided or they have money to pay the notes.
I wonder how many people on this board are working for a lender?
I’m going to say Atleast 3 that are here posting daily and trying to get the conversion price lower so they can have a good number before their note comes due.
That’s the name of the game with otcs
Also it’s in a channel now.
And towards the bottom….if it breaks again it’s definitely going lower as volume is ?? poopy
Harvey Dent??
From Batman??
A “correction” literally means it’s correcting back to the price it should be…..And that’s the shitty part….
Nobody knows where it will end up due to nobody knowing how to put a real valuation on ANY crypto currency besides a speculative approach.
Equites that correct back to their values from over inflation due to low rates can have value based off of the companies revenue, inventory, projections, etc….
But crypto….still scratching my head as to how it’s going to happen. Time will tell and if BTC and ETH continue falling, then everything else will unless there becomes a need for the asset.
Hopefully the days of big swings aren’t done as these were awesome trades for a good 7-8 months.
Been watching the order book for almost two weeks now for this and BTC…
Somebody is blocking off the ask and keeps pushing it lower and lower.
Hmmmm
Still think this has a great chance of clearing $1 but if BTC doesn’t recover quickly enough then it’s going to be a road trip.
I’ll be waiting for .008’s-.01’s
Seems like this is not going to recover quickly until BTC does it’s thing
Just like I said….it should have started bottoming….
It’s a bad start to the year…but that should change soon.
Bid.
My phone loves to autocorrect me
And you didn’t sell at .50?!?!
You could have options to buy back in and held cash until the dumping stops…..
Nothing wrong with locking in profits
This should have bottomed.
Have a feeling it will sooner than later as too many in experienced traders are finally exiting markets. I’ve watched bud dumping on ALOT of stocks and crypto over the last few weeks now
I agree
Crypto looking horrible as fire sales going everywhere
Might be holding off for high subs
Since you only post here and if you sunk every dollar into this, why would anybody take you seriously?
Cmon now….
Plus if Xavier truly is a con, don’t matter to me, I’ll use it to offset gains. Still better than crypto markets right now as I can see the MMs rotating the top bud and ask.
What your not seeing is the amount of people here trying to push the price down to get a better conversion rate.
They do it all the time and IHUB is letting them….I’m convinced they get a cut
Your history shows you only post here.
Which market maker you work for?
And don’t lie cause I’ll just keep buying more shares if you don’t tell the truth
My goodness make a higher high.
Until then we sit and float.
Ty fed chairman for screwing up my economic outlook
If that happens And hedge funds close…
Who going to make a market for you to sell shares?
I’m seeing more and more that there is a major misconception in how markets even operate.
Also shorting provides liquidity for the markets….it’s almost necessary.
Hey now….I didn’t post the original quote from Buffett I just show that he hates crypto and has influenced a lot of the older generation wealth to pass on it. That’s why I say he’s not a good example of a person to use for any crypto investing.
This is why the younger generational wealth like Elon and Cuban embrace it. I’ll even admit at first I wasn’t a fan of it until I started understanding what blockchain was all about and to me, that made sense.
In fact….. it made so much sense with how the ledger works, I feel all businesses should incorporate it everywhere to reduce the amount of financial fraud.
Dude
you can’t use Buffett as a crypto investor example!!!
He has gone on record saying:
“crypto is the equivalent of rat poison squared”
https://www.businessinsider.com/warren-buffett-best-quotes-bitcoin-cryptocurrencies-investing-rat-poison-squared-2021-1
He’s another reason alot of wealthy individuals and brokerages have not incorporated it as part of their portfolio.
Not sure if I agree with him as there is still money to be made but when he said the quote:
“Transfer of wealth from the impatient to the patient”. He was referring to waiting on his type of investments.
I wouldn’t say that….