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Totally! This is the “overreaction” to that gap fill imo
Idk tomorrow could be interesting. The market all around was really red. With all the big self offs I think we probably hover around 3s all day. Quite a bit of selling today with some interesting L2 shifting in the last 10 min. There were several large blocks bought around .03
The gap up to .07 killed this. When flippers and “gap fill” self fulfillment believers saw massive selling. That drop sent folks into a frenzy. The panic ensued. As soon as the panic subsides we’ll work back up again imo.
100k slap
Who said all in 20 min?
Oh totally. We all good here. I meant to say that all that is left trading are longs flippers can’t cash in here so they all exited in mass and created a frenzy. Recovery imminent.
Agree this trades more technical than most otc.
Hourly oversold, daily oversold, 30 min oversold, 15 min oversold. People played the low float well. Now all Longs left. We’ll see it walk up again nice and slow like.
Lot of lying going around. Well get a buyer and this will hike back up no doubt.
Can’t RS while going through this process...nice try
That would be a super bullish candle.
Yea it doesn’t really matter what happens here over this next week. July is when everything come to fruition. The flipping crowd made their money this last week. And they’ll be back once institutions and longs walk it steadily to .10
This was my big buy this summer avg at .0236 I’m not leaving till at least .50
Market is red everywhere.
Still have a million share bid at .037 we’ve found bottom. Chart says retrace back above 6 in the short term.
New basing here above 4s. Little stronger launch pad. Get rid of the .005 buyers and daily flippers. We’ll see that steady climb back to 7 then to dimes.
This was trading better when it was steady. There was no flipping crowd hopefully they bailed. And really trades can rule again.
Agree. But you know how it goes. Gap fill mindset takes over then the selling starts and then stop losses get taken out and fear from weak hands set in and instead of closing even we over correct and end up a lil lower. We should jump out strong tomorrow and break 6 before 10 then trade in low sixes before we break 7 again at eod.
I wish it had...that weak mentality of these rookies let this drop today. This was a huge over correction in price. Still got a lot of folks with fear.
Gap fill believers here. Pretty standard on the otc.
Market is already on this. This isn’t ihub money. 24 million shares traded in mid-upper .05s today. That’s over $1.4 million traded here.
Look at that close!!!!!!
Lol fast forward to now here we are ready to crush 6s
Yup. I dont see why not the trading has been nearly identical daily this past week.
Agree. Some “agenda showing” on both sides. Agree with you. Bullish here.
Yea but it’s being presented in a miss leading way. I think that’s where the disconnect is.
I’m sure getting earnings reports out are a sure sign that he company is functioning like it should. Wouldn’t they want to look appealing to buyout candidates?
Almost broke 6 today haha
It’s financing companies filing ch 11 or 15 use to pay for the process and restructure. The entity that provides the DIP financing tends to have the most control over the assets. We have the dip but who is the key.
Maybe but it probably depends on who the DIP financier is.
Wow a family office lol. Right. That was my interpretation that this DIP most likely a bidder.
Exactly I figured though at least 2x in return for the entity that financed the DIP otherwise the risk would be for too high to even provide the DIP. You make a good point that the entity is a bigger deal than the actual amount.
Right.
Right but if they arnt a creditor for the company prior to BK then DIP financing for that entity would indicated asset acquisition plans. Correct?
That is a good point. The DIP funder is the key.
I said at least 2x no one is paying 10mil for 1/10 return. Too much risk.
Agree but why would any creditor fund the DIP if there was no chance of getting that money back. Particularly if the DIP is funded by a bidding company that may be interested in a buyout?
That means the asset has at least 2x more value, I’d assume, than whatever the DIP is. DIP number will tell us what our shares are worth.
I can’t find a gap anywhere. Just looked like flippers taking profit EOD after heavy buying yesterday. Many folks don’t like to hold going into news like that. I bet we see heavy volume out of the gate tomorrow. And it’ll just be steady until confirmation and the DIP #s come out.
What chart shows a gap?