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VFIN left L2 because whomever was selling through him, gee I wonder who, decided to stop selling at ask at just drop a giant hippo sized dump on the bid...
I have liked the CEO because he comes through, eventually, on things he says, which is rare in the OTC. However, his association with Peachtree has never looked more scammy than today. Two good PRs that help bring in new interest met with a giant sell off by Peachtree. Hate to say it but those are CLASSIC penny stock scam tactics.
I know Alec needs to get rid of debt but can't Peachtree give this some air to breath instead of always smashing it down.
Probably closer to 65M actually. They were doing it with some integrity yesterday. NOT today.
Yeah, my Schwab is the same. Don't have L2 currently but was interested in how it looks on there.
Something is weird with all of VFIN's trades as the same thing happened yesterday.
That 8.7M went through at 3???
Not showing up on my platform again. It says 820K total volume but everything else showing 9.5M...
Yes, likely the case. You have a screenshot of L2 right now? Oddly it looks like just 1 MM on both ask and bid with only min. 10k lots. That is odd but I am guessing NITE of bid and VFIN on ask. Hooking up sweetheart deals before a move??
Yeah that is likely the case. There were two separate moves according to fins. They cancelled 181M shares but then converted 100M and gave to Peachtree. So share structure reduced by 81M?
Issuance History
As of Sept 30, 2015- For the past 3 months, the following issuances have taken place:
Issuance #1
a. 9/10/2015 - Peachtree Capital- 100M common shares
b. Shares issued via conversion of convertible debt more than 12 months prior.
c. Shares DO NOT have a restrictive legend.
NOTE: The following cert was cancelled and removed from the outstanding shares:
a. 181,818,181 common shares originally issued to Globe Idol Capital on 5/01/2015.
Was looking great going into weekend and overall still looking good. However, the trading this week is not looking good. NO bid at 4s, and VFIN selling 20M at 5 yesterday. I'm thinking that volume may indicate a later week push past 7s but not showing that ability quite yet.
Do you know what to make of trades that don't show up on trading platforms except in the overall volume number??
Yesterday, for instance, 4.3M shows up on Schwab as trades throughout the day but 19M as total volume. Oddly, on a few other sites, this same amount 4.3M shows up as 'short volume'.
Did these trades (the 11M one at eod and the 3.7M one a bit earlier) show up as single trades on L2, or were they split up??
Maybe but who knows. I do know VFIN sold almost 20M shares and seemed to have a buyer lined up to take them all. Transferring of short position between MMs? Just weird to see that kind of volume go through with no movement or accurate representation on L2 again after weeks of this trading freely.
I have never believed those but you never know I guess. Who would be sending the 100 share signal? Not VFIN as he clearly already had an assload of shares...
So, just caught a bit of the trading today but it looks like VFIN showed up and undercut the ask and then proceeded to sell 19M shares at 5, including a last second sell for 11M shares??
Is this pretty much the day in a nutshell?
What do you take from that? Seems kind of odd. Charts show a huge daily increase in accumulation up to 793M (on 3 year charts) and a huge dip in both the RSI and MFI from overbought territory down to around 50.
It almost seems like some institutional buyer wanted a 20M stake at .0005 and VFIN dropped it there and provided the shares for him. Question is who sold those shares through VFIN?
Some weird trading all of a sudden. Someone really wanted some 5s. Also, how come 1+M of the trades show as overall volume but not on the charts as an actual trade??
Do you have access to L2 to see which MM just undercut the ask with a 10k lot at 6?
Was wondering the same thing all week so far. None of the buzz from last week has carried over to this week even with another unexpected and very positive PR.
We got 1M on the bid at 5 that wasn't there yesterday but otherwise no interest to speak of. Guess a pending agreement with the NFL to have future players wearing the gear and gaining much needed exposure to the company means nothing to most.
Oh well, no one is selling and things are still strong going forward with huge accumulation and very little resistance.
Maybe later this week we will get a bit of volume and buzz back??
I believe so also. I think a very large move is inevitable this year. Weird to see this little volume today but even with no volume or bid support a finish at 7 will be a good thing and the first since July.
Another good update this morning. No corresponding volume however. Not even a bid at 5 or 6...
Lots of good things in the works but as of yet, people either don't know or don't care much... Except a few of us of course.
It's likely a bit more than that but it is very thin. Not sure why someone would drop a million shares on the bid this morning? Doesn't seem to make much sense.
It should yes. Currently ask is not being reduced with the 400k, it remains the same. Which MMs are on the ask?
Only just over 3M. One new buyer could easily wipe them out. Would be huge to close at 7 or 8 going into weekend. Wonder how many 8s there are???
All of their financial statements are here:
http://www.otcmarkets.com/stock/CRTC/filings
To be clear, if you are looking for a company with sterling financials and large revenues, you will have to wait a while to get into this one. They are a start up who has only been around for about a year and went public through a 'shell' that had previous debt associated with it.
This last year was spent networking with up and coming athletes, getting online merchants secured (aka Amazon), reducing much of the old companies debt and all the other things associated with start up costs.
They recently changed their name and stock ticker, reduced the share structure by at least 81M shares (possibly 181M, will have to see when annual report comes out in Feb), and secured higher level endorsements (unpaid) including Yankees starting SS, etc.
The CEO has always followed through on everything he has said thus far (albeit sometimes at a pace similar to George RR Martin's writing pace) so the new PR about all the things in the works has investors pumped for 2016 as it has many promises of upcoming things.
Not trying to sell the stock but I'm not going anywhere for a long time. If you are into financials only, maybe check back later this year, but the price likely won't be as nice...
BTW. How did you get involved with LYJN if you are all about factual business info? There was nothing factual there as far as I know...
The more that get sold off down here the stronger the base is for the eventually move up. Looking for some buying this afternoon.
4M sold off at 5s this morning. Bound to happen after strong week. Now that a couple flippers have been bought out lets see a push through the 900k at 6 and finish the week at 7 for first time in 6 months. That would be a very strong sign moving forward.
I legitimately think CRTC will trade in pennies this year. First goAL is still to break .0018 in near future. Once that happens, I think we will see some big moves not to long after.
Yes. These things are known. The only point of comparison, which I have stated in a couple posts, is the ability of a start up clothing company to gain interest and have the PPS move on celebrity endorsements. It's too bad that LYJN fabricated them but that is not the case here. No one here wants this company to be anything like LYJN, and it isn't. There is no scam or false promotion here. No PennyStockProfit. No criminal CEO.
Hmmm, makes no sense. Markets were closed Friday and there have only been like 100k 3s sold since day before Christmas. Last time any real amount got bought was the 17th. Glad you got some at that point but this is now the 5th message telling everyone that. A real Stark wouldn't gloat...
You could possibly call your trading firm and have them place order for you. I have had to do that a couple times.
Talk about a cryptic tweet...
Would be nice. Really thin both ways currently. Couple million in volume would do wonders...
I know the AS was right around 1 billion, similar to here. Can't remember the float but thought it was like 300M. Of course, you can't trust that as that stock turned out to be a big scam and never really had the endorsements they claimed. It ran on false information and a P&D by the PennyStockProfit. It really isn't a good comparison as CRTC is legit but it shows exactly what that kind of PR (celeb endorsement) can do for a clothing company...
Exactly what I was getting at. Once this does make a move, look for a new strong base to form at higher levels instead of immediate crash back down like most penny movers. Last April this didn't form a new base because there wasn't as much going for it and it had moved on iHub pumping alone. I don't expect that to happen this time.
Crazy. I was in that stock in March of 2010 and got in a bit late (it was at .001) at just under a penny and it went to 17 cents in a day. Turned out to be no follow through to the PRs but shows what can happen and it financed some nice vacations for me.
And this is a REAL company...
It is going to make a big push. Once things get announced and this moves out of the trips and breaks old highs things may get big here. It happens all the time with stocks with less going for them. Tupac's stock is doing it currently and has gone from trip 2 to pushing .007 in a few weeks. Start up clothing companies that had nothing real to work with have gone from trips to close to 20 cents a couple times that I remember.
Yeah, his limited PR exposure isn't great. It would be nice to see him step that up to other media outlets for the upcoming PRs and that would help draw in new investors big time.
A must? Don't know about that, but it sure would make things a lot easier going forward.
I am totally cool with slow ticks up or even days with okay volume on anticipation of further developments. That's perfect right now. If that continues, by the end of next week CRTC will be on the verge of new highs and an incredibly strong base with huge accumulation. Once an update hits at that point, well, who knows...
CRTC- Down to 3.4M on the ask. Might need to hurry to get some before it technically isn't appropriate for this particular board.
Last time 7s were sold was late July. A few 8s then but anything above that you have to go back to early April. This is a much stronger situation than back then. Looking for a long, sustained move here...
Noticed that also, happening on every uptick. Also, smaller resistance on each uptick. Breaking 7s to happen soon???
Never know but doubtful. Would be happy with .ooo7 break for sure.
All the cancelled sell orders (or likely moved way up) is just as good of a sign as large volume. Shows people are re-evaluating the worth of this stock which will lessen resistance moving up.