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Didn't mean to negate your post. My apologies. Great job of explaining.
For the folks new to Reverse Mergers:
-ETEK is a shell, not a company. Meaning there is no business activity.
-Shells are corporate entities that once "housed" active companies that are no longer active (de-listed), so the "shell" still exists without an active company.
-They retain the share structure of the previous company (very important) but that can change before they become public.
-Reverse Mergering an active company into a "shell" is a faster and cheaper way for a company to "go public" than an IPO. Going pubic allows them to raise capital and be traded.
-When a company, or companies, wants a shell for the purposes of "RMing" an active company into it, they go through a court process to see who gains custodianship of said shell.
-ETEK went through the court process and was given custodianship in April 2020(actually. I am new here and don't know the name of the custodian. though from what I gather it was recently made known in a document, and Las Vegas is somehow key, this is poor DD on my part)
-The "investment" or "play" is that at some point, likely sooner than later here, it will be announced that an active company will take over the ticker ETEK.
-That new company could be big or small. The "bet" is on how big it is BUT also on the share structure and WHEN it is announced. (OTC players are infamous for their fickleness, but...I believe it is true that patience pays much much more than not.)
-I doubt if OTC markets is up to date, but they list the market capitalization TODAY as $426,960. Divide that by the closing price .0018 and you get a float (retail shares, us) at 237,000,000. Which is ridiculously low, I mean ridiculous, for a stock trading in sub pennies. I honestly don't believe that's even close to the current float.
-ALSO: Reverse Merger (RM) stocks are "ON TREND" at the moment. Meaning the is serious momentum with them. Definitely be careful, as always down here in the bowels, if you can't really afford to lose it, don't invest it.
THIS IS ALL MY OPINON AND SPECULATION. There are certainly "holes" in my description. IT IS UP TO YOU TO DO YOUR DD AND MAKE YOUR CHOICES.
BEST OF LUCK TO ALL! SINCERELY!
I know this. I'm actually in $NVP. I meant it for those whose don't.
THIS SHOULD BE STICKIED FOR NEWBIES.
Many in this board don't seem to get understand what a RM is.
THIS SHOULD BE STICKIED FOR NEWBIES.
Many in this board don't seem to get understand what a RM is.
This has to settle somewhere and then it's a wait for info from the company. I hope it settles around .015.
yep. Don't sell into that bid.
For those who do you're giving away your shares too cheap. Remember: THRe WERE HUNDREDS OF MILLIONS OF SHARES BOUGHT BETWEEN .01-.025 in the past few days.
I did the same, but with far less shares.
I also sold smaller blocks trying to stave off the crash this morning and buoy the up side.
Great day to buy IMO.
The co. to RM into hasn't been announced, when that happens, serious rise.
IMO it'll settle today in around .009. Jus t a guess from all he buying over .01 and some over .02
Very true
Good volume this morning and volume weighted average (VWAP) is .002. Yes, the median sale price this morning is .002!
This is trading like a big boy stock. Small green or small red are just healthy trading.
Panic selling likely for a bit, but they lose.
all ready tested .01. Damn. I guess it'll happen sooner than later.
Damn! Thanks for the post.
These "plays" are on trend right now because, although they are speculation, they are not Pump N Dumps so they go go HUGE with a little patience.
This may test .01 today...of course, I'd rather it didn't and just kept slowly creeping up so that it tests .02 next week and .05 the week after.
These are my first 5. Seems to be a trend.
I do recall first seeing one, don't recall the ticker, but went over .50, which is why I became interested in these.
This is from a sticky from Wall$treet. Its the document making SNVP an active ticker again, with Suneel Sawant as CEO.
https://twitter.com/ONEWALLSTREET/status/1357372836218814473?s=20
Wall$street has done excellent DD here. I recommend you look through some of his posts. He seems much more knowledgeable than I.
This is a rare OTC investment IMO.
This has been quiet accumulation for weeks, but I really took notice when the 7's were going in the millions.
True. Any word from the company and this is a rocket.
good info. yes, I know what T trades are and they may very have been. There were 4 trades. All for .001 at a total of 3,540,000 shares.
The only reason I thought they may have been dilution was because they were sequenced (seq). I normally see "seq" with 5 digit trades, which I then KNOW is dilution.
So, yeah, maybe not. Either way such a small amount of shares does not concern me.
Yep. IMO there is no question that at some point SOON there will be news and then BOOM!
True....It was announced months ago that they had candidates and they just became active last week so it's on the way. Only question is when, and it could be very very soon.
Agreed. Can't be parabolic forever. Hopefully the flippers traded themselves out today.
Level2 shows aftermarket trades at 5:07pm. All 4 of them at the timestamp. I don't think it trades aftermarket, but those trades were logged at that time. That's why I believe its dilution...and again...very tiny, which makes me believe the float really is as small as I calculated (about 250 million) which would be an enormous catalyst here moving forward.
That is the only thing I have any concern about and I think we'll find that out in the next day or two.
It has to settle somewhere. After such enormous gains, today's tiny pullback was a sure sign of strength. It trades incredibly well. Look at today's and yesterday's VWAP. Looks like perfect consolidation to me.
This is my 5th that I'm involved with. NONE have officially made the announcement, but 2 have had runs of over 1000% (and then some) with pullbacks. One is still over 1000% and just had a 50% pullback as we wait. So it was up 20,000% from when I first saw it 6 months ago.
Another just increased 500% in the last week and looks like it has more room to run.
My point is: It's likely not gonna happen tomorrow, but there should be serious increases all the way up to an announcement and then possibly much, much more.
It's silly to sell before an announcement. IMO
Looks like a little dilution, about 2.6 million shares after market at .001.
That's actually not bad at all considering we only surpassed and held .001 today and that is an extremely small amount of dilution (if that's what it is).
This tells me the float is very small and this could be a huge runner.
I think there is plenty more room to move up before a settling price and then waiting for an announcement of the RM company.
Too many shares sold above .01 to give up after 2 days and take huge losses. This is NOT A PUMP AND DUMP. I do think there may be a bit of panic selling tomorrow from inexperienced traders in the morning, but then I also expect those shares will be bought up quickly by experienced ones.
They know the wait won't be long for those shares to double in price, and then when the company is announced, could be 10 times that price. What's 2 or 3 months (maybe sooner) for 1000% gains from here.
IMO of course.
MMs had to work very hard for this to close red today.
Looks like we're slowly making a move. Hope it stays slow and steady for a while....then the big move.
MMs reloading shares. CDEL has been suppressing the ask all afternoon.
and again VWAP for the day is .014. Those who bought above that aren't looking to lose money. We'll just lose flippers for a coupla days.
IMO of course.
Lessee what power hour does for us.
aaaaaaand here comes power hour.
It may be a much smaller percentage, but I say we close green today.
It'd be silly for all those who bought in the past 2 days to lose their money.
This is trading like a very stable stock.
There were so many shares bought over .01 that this is just a necessary consolidation and selloff by those holding trips.
If you can survive the dips, bigger money ahead IMO.
If the float really is this low, this will rocket!
MMs gotta reload sometime and it's usually during lunch when volume slows.
I think it'll makes a strong move north in a coupla weeks. Just a guess...and MAYBE it follows the news we've all been hoping for.
I am just guessing here. No info to back it up, but been in and out of here for over 6 months.