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Months ago STLK released their financial statement which showed $600k in convertible debt that was due to covert the following month. At that point the stock plummeted and went back to no bid which it sat at for several months until today. There is no real way to know how much debt has been paid off of that $600k, but suffice it to say that is the EXACT reason we are at no bid with 280mil volume. Like I keep saying over and over, we need many days like this to churn through all the debt. Once the smoke clears we will be in good shape with (still) a decently low s/s
I know! That is what I always say! Although a guess just like the average investor, they never really know the level of interest the stock will hold. So for them it is better to dump while the dumping is good.
Yea sir, by the time we clear this debt the share structure will be 3billion higher. Then it is off to the races with around 4billion shares total, that is not bad
Wow look at that a 10k now on the ask at .0001
Now we can watch the 10k's migrate back to the .0001s
Told you. Back to no bid just like that. I want this to do well but there is too much debt and dilution for it to move fast.
50,000,000 share dump onto the bid. That is never good on a day with good news. I don't think the buying can sustain the amount of dumping that will have to happen to clear the convertible debt here. Something like 3 billion shares would have to be bought and held.
Although that would still be a low o/s for a trip penny
Don't get too excited this company has a lot of debt to churn through before it can move substantially. As long as we see those 10k's on the L2, there will be massive resistance to move up.
I hope I'm wrong though.
No volume here for awhile, does is remind you of anything? haha!
I wonder if all the great action happening over at TDEY will have an impact on PRPM. If nothing else, maybe Vakser will dump his "special ABCD" shares or whatever they are called and get some extra cash to pump PRPM so we can see some action over here.
Crazy impressive support and buys here today. It took all day yesterday to loose the ticks and we just made up all the ground in 30min. Let's hope it holds
.0005 held their ground?!? Nice!
How do you know this?
Yesssss!!! Flat close!!!!
Nobody buying any 5s to end flat on the day??
500k in revenue is a whole lot better than 0
I like the massive volume spike today! Lol
I've never seen a stock with four 10k on the L2... one would have to assume those are the debtors that STLK owes money to. In my super rough calculations over the last 6 months (given that the volume spike we saw awhile back was mostly retail buying) there should only be about $300,000-$330,000 worth of debt left to sell off. At this stock price we would probably need to see a lot of 200,000,000+ volume days to churn through that. If that could happen, this thing could really tear with some good news. It still has a low float and o/s
Go stlk (someday)
A red day on way below average volume never worries me.
Man I hope so.. This stock has such an awesome story and even better potential. I'm here to stay
I have been watching the L2 closely for 3 days watching millions of shares dump onto the 4s, every time the 4s run out suddenly there are 4,5,6 million more dumped onto the ask... how does this stock not tick up when it trades 200,000,000 shares at 4? I'm not a basher, I have a lot of this stock, I am asking honestly, why won't it move?
This stock is starting to worry me... endless dumping on the 4s, 10k sells popping up here and there, it doesn't feel like retail or flippers, if feels like the same old Vasker game. Perhaps this ticker has new management, but it seems like they are following the same playbook as the old management. I guess we will see
Big giant thank you for following up!!!
Dilution or dumping typically.
I've seen this before... every time you think it is trading thin and about to tick up, the ask keeps stacking. I know what this usually means on other tickers, I just hope this one is different and this is all retail.
Awfully low volume for such big ticker change news
I may be misunderstand it, but I am pretty sure that a "preliminary agreement to negotiate" means that they have literally agreed to talk about agreeing lol.
I really want this stock to do well and I want to believe all this news but I have to completely agree with you. They need to make the news and then report it, not report the news and make it.
Pretty funny L2 right now... 10k shares left until we hit 001... wouldn't that be awesome!
I like to believe everyone is singing their posts... that makes for much happier sounding content
Sorry about the man/woman thing (red face foot in mouth ;)
No I meant I have owned this for 3 years not been here on this board for 3 years
Yea I'm with you man, I've owned this thing for 3 years.
Constant dumping on the 4s is becoming upsetting
Around 250,000,000 share purchase? I can't wait to see that!
I hope so... I always get nervous when the 10k pops up on the ask, especially when it is just as we are about to tick up then boom brick wall (like what just happened)
Phew I hope I am wrong. Go TDEY
Sneaky 10k on at 0004... looks like dilution to me
Pretty thin here even after the 4s are sucked up
Probably true