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And the bid size kept building up. No huge dumps yesterday. Fingers crossed!
Yeah, its better than the 900M on the ask we had. Feels like we are getting somewhere.
Totally. But, there is no where to go but up from here, right?
A name / ticker change is desperately needed.
Every day. What can pull us out of this catastrophe?
I think it kept a bid because the bid size never got high enough to make it worthwhile to dump into. I'll bet if the bid size gets over 100M they take a bug dump again.
Somebody light the fuse on this turd bomb!
It's weird how the ask size suddenly dropped an hour ago. It was ~51M, and then suddenly dropped to ~18M. Maybe it is retail moving their sell orders up?
OS updated to 13,368,617,932 on 2/10/23
The OS was 13,368,617,932 on 1/10/23
There is no way in hell there hasn't been dilution since 1/10/23. Either the TA has not been honest in his last update, or MM's are screwing around.
Since Fair came into the company-
The price has dropped faster than a Chinese spy balloon!
Slow day in the turd mine today.
Maybe Tad is gearing up for an acquisition? Or needs some cash to settle a note? The company has ~$1M in derivative liability according to the last annual statement , it would be nice to get rid of that.
Yep, everyday the same thing. But they gotta run out of shares to push onto the market eventually, right? Like, any time this year?
Wow. What a flaming pile of turds this is. The OS must be 2B more than it was by now. It was 13,368,617,932 on 1/10/23. Lets see what it is when they update it.
It's magic! I'm here all week.
You forgot "steaming". It is quite a mess, for sure.
We need a real press release, not just tweets. No-one would believe Steve either way, but it may bring some new investors in.
Got all the 3s' I wanted. Time to go up!
Yikes, ask is 613M now. More of the same crap.
I'll believe it when I see it.
Don't do it! Think of the children!
That is my dream also. Just not sure what will cause people to buy the ask value in large enough volume though.
And now the ask size is back down to ~560M. Crazy.
And now the bid disappeared. Crazy stock.
Wow, ask piled up again big-time.
In the several times I have been unfortunate enough to be involved with an RS, the company has RS'd the AS and OS at the same time at the same reduction. The one exception I can think of was $VRUS, that did not reduce the AS (initially, although they did later), which really caused a massive problem, since it signals the company is looking to dilute into the ground if they don't reduce the AS also.
That was my thought also. He pretty rarely puts out news (only every 3 or 6 months if something is going on), and he does not seem to push shares onto the market often (no active offering at the moment), and just trickles them out through his TA over time.
I agree with that. The question though is will he do it on his own ahead of time to make it more attractive to a potential buyer, or wait and do it as part of the merger agreement?
What are the odds of getting this at 0.0002? I moved my buy order down about 6 weeks ago, but I'm getting the feeling I need to move back up to 0.0003
Well said. The odds are low for that though IMO. He needs to try something new, because this is not working.
$ONCI getting ready to pop. Company needs to put out PR through OTC though.
https://twitter.com/on4company
Fair doesn't seem to get the concept of pumping. Jeff was great at it. And I don't think Fair is the one doing the tweeting, as most of the tweets are very generic and rarely deal with actual company news.
The last financial filing looked better, but they still have an awful share structure.
I have seen that happen also. The problem we have here though is the company has a tremendous number of shares they can move into the market from that last offering (which has not expired yet), so it would need some kind of miraculous amount of buying at the ask value to make the price go up at this point.
The only trigger I can think of would be them announcing the offering is done with an SEC 1-Z.
Maybe the price is down to 0.0001 because-
The company has diluted it into the ground?
Some dipshit keeps mentioning RS and people are panic selling?
Those are my guesses.
You should ask him. Also email info@thirdbench.com and ask there. Also text Jeff Canouse (board member) at 770-235-3107 and ask him.
Anyone can use the ready made cover sheet from them and pay $35 to file.
Even if it were real, and if the incorporation agent were stupid, and left out everything that should be there out of ignorance (like leaving out Article 2 and 3, not mentioning the company name or share structure in Article 4, etc.), it still does not mean the SEC or FINRA have approved those actions.
No, it's not. It is clearly a fake document. There are numerous things missing that should be there. None of that was approved by the SEC or FINRA.
Will they eventually do that? Yes, most definitely, because the share structure we have is awful. But it certainly will not happen while they have an active offering.
She's moving today. Ask smackin' action.
My guess would be MM's and discount (retail) brokers. Some MMs sit on shares and sell to a retail broker at a small profit later, and some discount brokers sell to their own customers at a small profit later. Those are the only entities I can think of that would buy this many shares, although at 0.0001, 100M shares is only $10K, so some retail investors may be in there also.
Since the transfer agent will usually move the shares of an offering to a wholesaler first (especially if it a huge offering), and the wholesaler can't sell directly to retail investors, the shares end up going through a couple of stages before getting into retail investors hands.
But MM's and discount brokers can trade out to 6 decimal places (among themselves, although they usually stick to 5 decimals), so they don't make a lot off each share, but they move a ton of shares. So, if the MM got 1B shares at 0.0001 from the wholesaler, and they sell them off to discount brokers for 0.000125, the MM makes $25K for a few mouse clicks. The discount broker then tries to sell them to retail investors or other discount brokers at a profit.
Can't sell unless someone is buying. That's why it's called a trade, right?