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Sharp decrease in volume, along with reduction and shifting of cdel and nite will signal that this is done.
i think we are just about there
Maybe 50-100 million after today? Not really sure,
yesterday was 130 in volume, so divide that by two since we are just going from one hand to another. And out of yesterdays volume, id say maybe 15 percent was retail.
so i think 50 for yesterday seems reasonable...
just speculating...
This is a really common occurrence for tickers undergoing RMs
look for reduction in cdel and nites positions, along with no more 6 digit trades.
we will see another multi million share form t at the end of the day.
Not really a good or bad thing...just something that has to happen prior to an RM. Capital and shares need to be internally restructured. that's what is likely happening.
NITE and CDEL WILL LIKELY MOVE UP before news drops, look for swift rearrangements of level 2.
Conversion is not yet complte 6 DIGIT TRADES, ENORMOUS VOLUME...RECIPE FOR SHARE EXCHANGE AGREEMENT...
its really freaking obvious...management is squeezing in some last min shenanigans
had to pick up some .0011s.
like one share traded at .01 today, then it tumbled back to the 5s and 6s...
no convertible notes or major debt here
you aren't going to win this with me...
or eluding to the owner of land that new era drills on....even more valuable.
ummm its a real website, and i believe LGBS management can make as many as they want for free...
ask them. clearly they made it...
EVERYONE SHOULD LOOK AT MY DD BECAUSE ITS ACCURATE AF
Thanks man, it was a lucky find.
D
Straight from legends themselves. just look at the website name ;)
Tabs open for me...
even if i reset the cache, still works
even tried on two separate browsers and my phone.
it's just slow.
Vape, you realize that Vert has 4 tickers, SPCL, PKGM, MMEG, and BOXL
They aren't all rolling into one: dank nug pocket playing entertainment magazine projector.
Alright maybe some of you missed this: This is what I think happened today.
I was pretty certain that T-trade was going happen. IT MEANS THESE WERE ARRANGED TRANSACTIONS AT AN ARRANGED PRICE. Today looked like a reorganization of shares/capital to either setup a share exchange agreement or it was orchestrated so that Bill could liquidate shares. SPC_L did this same shiz for months when their former CEO was throwing a fit about the severance package they gave him, and it became obvious after a while. It took so long over there because they had to tank the PPS back down to their targeted conversion rate because they didn't expect it to be as high as it was (basically I think penny traders messed that situation up for them).
Here, instead of walking the PPS down, it looks like they just bit the bullet due to their self imposed "deadline", dumped shares to bring the PPS within the target range (0.0016-0.0019; I don't believe those .0015s were intentional, I think MMs lost control there for a moment), provided millions of shares worth of support to keep it in their channel, and executed conversions with millions of shares.
It's easy to spot when you start seeing 1.8 million share count trades go through without showing up on the ask or bid, while a meager 75,000 share trade by a retail MM will sit on level 2 for hours right between a nice NITE or CDEL sandwich.
Not sure how the market will behave in the morning, or when news will drop. We could see another 15-20% drop in the morning or an increase. This is all pretty dependent on news. Either an NVSOS update or a PR and this runs.
If we don't get news tomorrow, this will drop lower (say another 30%), and we will likely see more conversion. If that happens, then the first PR was just a setup to cause a sell-off tomorrow to bring the PPS lower (I swear this is what SPC_L did with their "deadlines"). The only way they can break support is by getting peoples hopes up, otherwise many are comfortable holding. I don't think this will happen. I'm expecting news tomorrow.
Today was uncomfortable; I expect that to change tomorrow.
PEW PEW PEW
$D$
This is my last post of the day but...
I was pretty certain that T-trade was going happen. IT MEANS THESE WERE ARRANGED TRANSACTIONS AT AN ARRANGED PRICE. Today looked like a reorganization of shares/capital to either setup a share exchange agreement or it was orchestrated so that Bill could liquidate shares. SPC_L did this same shiz for months when their former CEO was throwing a fit about the severance package they gave him, and it became obvious after a while. It took so long over there because they had to tank the PPS back down to their targeted conversion rate because they didn't expect it to be as high as it was (basically I think penny traders messed that situation up for them).
Here, instead of walking the PPS down, it looks like they just bit the bullet due to their self imposed "deadline", dumped shares to bring the PPS within the target range (0.0016-0.0019; I don't believe those .0015s were intentional, I think MMs lost control there for a moment), provided millions of shares worth of support to keep it in their channel, and executed conversions with millions of shares.
It's easy to spot when you start seeing 1.8 million share count trades go through without showing up on the ask or bid, while a meager 75,000 share trade by a retail MM will sit on level 2 for hours right between a nice NITE or CDEL sandwich.
Not sure how the market will behave in the morning, or when news will drop. We could see another 15-20% drop in the morning or an increase. This is all pretty dependent on news. Either an NVSOS update or a PR and this runs.
If we don't get news tomorrow, this will drop lower (say another 30%), and we will likely see more conversion. If that happens, then the first PR was just a setup to cause a sell-off tomorrow to bring the PPS lower (I swear this is what SPC_L did with their "deadlines"). The only way they can break support is by getting peoples hopes up, otherwise many are comfortable holding. I don't think this will happen. I'm expecting news tomorrow.
Today was uncomfortable; I expect that to change tomorrow.
PEW PEW PEW
$D$
Knew it. I called that so hard.
Nite moved up...
goddarn this was too predictable...
NITE has a 3 mill bid at .0016 and a 2 mil ask at .0019...channeling...share exchange agreement...converting some note...severance package...this is not a dump...
CDEL is doing the same thing but at a smaller scale.
CSTI is a regular retail buyer trying to get in...watch their bid get ignored. Retail trades will only be executed if you slap the ask or sell into the bid, the MMs are not gonna budge for CSTI or ETRF.
UPDATE: after 10 min: CSTI bid still sitting there...
I really think this is either:
(1) Conversion for a share exchange agreement that will be revealed in an 8k or whatnot about the acquisition of a company (i.e., reverse merger). LGBS has no capital to acquire a company outright, so this will be done through a share exchange.
(2) This could be orchestration of a severance package for bill.
SPC_L did this same crap, but dragged it out.
A Form T will kind of solidify this idea in my head. It may not be necessary though.
This looks like conversion of sorts or a severance package for forcing Bill out.
I think we see a big Form T revealed after hours. But CDEL and NITE have this channeled between .0016 and .0019, that's the going rate for whatever they are doing.
Is there any history of form ts with this ticker? If, so we are gonna see a multi million buy one today after market
can't pm, but yes i already own that one too.
You're gonna start seeing a reverse here.
This was dropped and channeled for 20 million buys. Really not natural for it to just hit a hard wall of resistance and not really test the cold water beneath
There is an ongoing debate about whether it is the ceo of New Era Petroleum due to the cryptic capitalization of New Era.
The mentioning of New Era may also be a prop up. who knows...
I wasnt expecting a shake quite like we saw today.
Here is the PR:
https://www.benzinga.com/content/9607330/legends-business-group-inc-announces-totally-new-direction
oh welcome...
ceo change. we are looking for an nvsos update soon.
yeah, the volume is insane.
I expect a recovery to around .0024. That sell off this morning was unnatural.
Initiated by some clown, propagated by a bunch of stop losses and people who dont know whats going on
A lot of the time when people are like "oh they are shaking the trees hold strong" they are full of it. but seriously, thats what happened here. AS MY BOI RASHEED WALLACE LEVEL 2 NEVER LIES!!!!
D
Yes i see that, you are indeed correct
So the cryptic capitalization of New Era with coincided mentioning of oil and gas is for nothing? Not sure if I buy that.
New Era is a Wyoming based company, and they already have company structure of parent company and subsidiary, both of which are needed for an RM to occur.
It's possible that they just hire a CEO affiliated with New Era Petroleum, but you don't just change directions of a company into oil and gas without intellectual property, which New Era so conveniently also possesses.
I mean, I guess we will find out Tuesday.
still...new era is stationed in uk? when bloomberg and their own site say wyoming, what am i missing here?
The UK?
I thought they were a wyoming co...unless im missing something here, which may very well be the case
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=118751381
http://www.new-era-petroleum.com/operations/
until tuesday....