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Short vol 54.41% (600k shares)....MMs will push down on low volume days and try to shape the chart so it looks like the stock is gonna sell off...it works on the noobs and emotional people. but really they are just trading air-shares and need to generate volume to cover....
most of the selling is garbo, not people actually selling, just MMs and retail shorts trying to make it look that way.
let's not bring those peeps back haha
advice: if you pump the PR that likely hits newswire around 10:30...nothing....and i mean nooooothhhinngggggg good will come from doing that.
....low volume day means MMs get cover, they will place strategic bids of 50k shares or more all day...
just a guess...
anticipation breeds frustration
1.1 million shares shorted today. 56% what a surprise that all that buying was muffled by the MMs. Sure sucks to be a short seller when you have to deal with a large share base of long holders; makes it hard to get that cover and eventually turns it over on them like it did last time when even less of the float was locked up.
Oh yeah and Maxim has about 1000 times more clients than Boustead....ouch ouch ouch.
We are gonna rake them over the hot coals while they are as naked as their short position that keeps getting handed around.
That is what the 10M private placement is for....
60 days.
Those eod red paints let you know that some retail shorter is trading with emotion and not with their brain...they have a personal vendetta here and are gonna get raked over the coals...again
As we saw in the form-10, the agreement is all written up, just needs to be executed...im assuming the wait is strategic.
I think we need to remove shell status prior to uplist, which would entail closing that deal. but I am not entirely positive on that at the moment.
Isn't life great not being stupid haha
For the record, the PR in this 8k will show up on the PR stream on like TDA tomorrow affiliated with Global NASDAQ newswire...get ready for a bunch of morons to be like..."oh this PR was already in the 8k, must be a pump blah blah blah"
BOMB BOMB BOMB...sellers get out. we know where your shares are going :) and we know where we are headed (it says, ya know in the form 10 and 8k)
shorts are FAR FAR from dead here...anticipation breeds frustration and anticipating shorts to be toast after this filing will only result in frustration...they will fight to the death. and we will bring them that death
shorts are FAR FAR from dead here...anticipation breeds frustration and anticipating shorts to be toast after this filing will only result in frustration...they will fight to the death. and we will bring them that death
Keep shorting...short short short short short :)
Wow. What a cheesy sneaky Tuesday midday filing. Sucks for all the shorts who just shorted through mid 9s.
Load. The. Spring.
Anticipation breeds frustration.
Many of us have averaged up significantly along the way...
Garbage walk down by the shorts. They dont want to sell these shares, just using them to look like there is down pressure, when really its a few robots and like 2 dudes who prob hate george and have a personal vendetta against this ticker or something like that.
morons
lololololol nailed it. BYOC
Sellers Are In Control
In the red for the last 2 days
Can't wait for the daily ignorant post saying "stock has been red all day, sellers in control"
Here is the thing...Load. The. Spring.
Smart money buys on the bid, I've gone over this like 10 times. Right now no-man's land is .1050
Retail bids there, MMs still willing to short there, but are less willing to short under the .1050 mark.
The goal is to bait the shorts to sell under .1050, because it is easy to push through no-mans land to .1080 where the shorts are then in the red.
Looks like retail may have learned how to exhaust the shorts like they tried to exhaust the bulls by baiting people into slapping all day then dropping the ask real low end of day.
Either that or...it's a keen group of investors buying up the stock.
Smart money invests here, not trades here. It's as simple as that. Smart money adds on the bid directly above the short cover, and slaps when the time is right...
Can't wait for that "red all day, sellers in control" post
http://www.mtaef.org/documents/Hank_SFO_article.pdf
The “springboard” is a formation within
Wyckoff theory that denotes the completion of
the preparation for an advance (or decline) in
price. On the chart of a stock, the springboard
is a condition where the price movement has
been brought to the focal point of converging
support and supply lines. Wyckoff students refer
to the springboard as an apex, dead center,
hinge, pivot or wedge.
According to Wyckoff theory, a stock is
on the springboard for a sharp, immediate
advance in price when the so-called
composite man or smart money working
behind the scenes has completed his or
her accumulation or re-accumulation of
the stock and is ready to remove his or
her offerings at the resistance level and
let the stock advance.
Load the boat shorties...we aren't gonna go to the moon without you gettin squeezed upon next filing
RSI is useless indicator that is pumped by penny players to force dramatic movements in the stock. Candle sticks are the only things that matter
trading 101
yup, those would generally be key resistance points of the warrants are exerciseable...but they aren't as the shares are still restricted for quite a bit more time.
It’s distinct. Never seen so much counter pressure from MMs on a penny. Continual refusal to let the stock breath. We are just gonna have to rake them over the coals.
Yeah people are taking profits since many may have felt trapped in BYOC since whenever that fall was. But there is some feisty counter pressure.
We will win. We have Maxim. They don’t hahah.
42% short today. Basically a mill in short shares. Someone really hates this ticker and shorts a bolus amount. Usually the shorts are algos, but we def got a few mouth breathers who tick it down. Either a rando retailer, some salty MFer, or just a cocky MM trading on a personal account with solid capital.
Load. The. Spring.
we all noticed you are behind...
The SEC entered a final judgment against the Caledonian Entities imposing permanent injunctions
against future violations of Section 5 of the Securities Act of 1933 ("Securities Act") and a penny
stock bar permanently barring them from participating in an offering of a penny stock. The judgment further found the Caledonian Entities liable on a joint and several basis in the amount of $25 million, but payment for this amount was waived based on liquidation proceedings filed in the U.S. and the Cayman Islands.
On March 10, 2017, a final judgment was entered by consent against Jurojin, permanently enjoining it from future violations of Sections 5 and 17(a) of the Securities Act of 1933 (“Securities Act”) , Sections 10(b) and 15(a) of the Exchange Act and Exchange Act Rule 10b-5, in the civil action entitled SEC v. Gallison, et al., civil action 15-cv-5456 (GBD), in the United States District
Court for the Southern District of New York. The above referenced proceedings did not have anything to do with the Company, its subsidiaries and or the business practices thereof, and were separate matters that did not involve the Company
or its subsidiaries.
Tax lien has an interest rate of approximately 5.4%/ year (as it has increased roughly 44% in value across an 8 year time period).
Why pay it with the small amount of convertible cash when that has an interest rate of 10% a year (10% > 5.4%).
The company could dilute shares to pay it, but clearly they aren't doing that.
It's called opportunity cost, asset and liability management.
#math
On February 17, 2010, the Internal Revenue Service placed a federal tax lien of $756,711 and an additional $161,150 on June 14, 2010, against all of the property and rights to the property of BOOMj.com for unpaid federal payroll withholding taxes for the year ended December 31, 2009. The current amount outstanding including penalty and interest is $1,607,163, which is also inclusive of amounts outstanding for state tax related claims of $63,725. The accrued interest on the balance sheet related to this liability is $550,000 and $530,000 as of March 31, 2018 and December 31, 2017, respectively.
On July 28, 2011, a judgement with civil case number: 2:08-cv-00496-KJD-LRL was entered in favor of George Pursglove, the Company’s current CEO, from his counter suit against BOOMj.com, a wholly-owned subsidiary of Beyond Commerce, Inc. The judgement was in the amount of $20,775 for damages as to the claim for failure to pay wages, $3,000,000 for damages as to the conversion claim and $3,000,000 for punitive damages for a total of $6,020,775 (the “July Judgment”). The July Judgment accrues interest at a rate of 5.286% per annum. As of March 31, 2018, the total amount of principal and interest was $7,812,426.
You know you can trade options for multiple 100% gains in a single day when a stock moves 2% up or down...but here you are instead, flipping byoc for actually just 1-2% gain...inefficiency at its finest.
stupid people tend to be liabilities with penny stocks...
just keep shorting just keep shorting just keep shorting just keep shorting just keep shorting just keep shorting just keep shorting just keep shorting
MMs not gonna give up here...they shorted 51% of friday's total volume. So today they went for the gap n trap to get in the noobs, walk em down, and hope they panic flush...
The strategy is to load the shorts with a few pops, then squeeze them. Called loading the spring, causes a market shift to heavily load the other side for a bigger squeeze in coming days or so (time frame tbd). It's hard to get massive moves in stocks without heavy short squeezing...it's the double buying (retail, institutions buying, and shorts covering) that causes the catapult.
George will prob trickle filings and news, each causing around of buying, and a round of shorting back down...once we got enough shorties on the bus....moon
Maxim clients are smart, buying will come on the bid until the time to attack comes, then buying comes on the ask.
I'm just soaked in profits after selling 200 shares to fill the gap
yup yup...just gotta churn out A TON of retail here. Lots of sissy's gonna be hopping off between here and 16 cents, then we will have the wise guys who want to sell at a new ATH and load the ask at 17 cents.
keep shorting market makers...just averaging up...ouch ouch ouch.
anticipation breeds frustration.
Let the chasers from Friday realize you aren't gonna make 300% in 3 min. Maybe some of you will remove your sissy GTC orders at 16 cents.
lots more to come from this stock. buying is gonna be slow and steady. more sustainable than the last run facilitated by boustead clients.
maxim has significantly more clients and brokers to market byoc too. an even more sophisticated base of clients who will be buying on the bid. because that's what smart money does.
Short vol was 51% on friday. Means MMs still are not gonna give up here...i'm sure they will make it look like everyone is selling the news or some shiz...idk
moon
more filings are likely on their way
audited financials, s800 consummation, other merger definite agreements, share cancellation for the caledonian bank and etc, OTCQB up-list, NASDAQ up-list.
gonne be a lit summer
moon
pew pew pew
Everyone should try to paint down tmro so there is no gap. It’s a brilliant move.
This is why you should use a logarithmic chart when analyzing over a longer time frame when the stock has moved across more than one log (e.g., .001 to .01 to .10). This is the narrowest the BBs have been since the stock was trading below a penny. Far narrower than prior to the previous run.
Pretty apparent.
0.25 cent mark is coming fast.
PEW PEW PEW
a skidleee doop bop deeb bop pa ba dooop skidllee dee bop bop scoob opp dop skeedlee doob op dip op deeeblle doobbopbop byoc
Ill be painting this bad boy nice and red at open monday (hopefully) so we can't gap up :D