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200k shares aren't enough to make any kind of an impact. They've pledged "up to" $500k for their buyback program which at .0001 a share would wipe out half of the o/s. If that's what they plan on doing then they need to come out and say it in plain English, and give a definite timeline. That's what EVFL did this week and look at what happened.
Janice...
Just curious. What would an ideal thread regarding Seamless look like to you? What would be discussed? What is your motivation here, are you a shareholder?
If you insist that the products on the website remain off topic and are also incensed by shareholders sharing their hope for SMWF, then start a thread... Im game. You first.
Can be, but not necessarily. Need to chew through whats left of the float before we can move up. Im guessing somewhere around 1 billion.
8 billion float
Yep, got what he wanted. Apparently theres more money in snatching up what he sold at .0012 for .0009 and .001 than in letting the pps move up.
Daytraders bailing
Hope NITE didn't blow it for us.
Now 5 X .0012
Please post link to any pertinent information. TIA
Finding new bottom to launch from for power hour.
Thanks. EOM
Hey Dan, Would you please post a link to the $.5 pps fair value estimate. TIA
Can you please post a link? TIA
My first thought was that there probably isn't a private investor with half a billion shares to unload so it must be dilution. But Seamless instituted a stock buyback program, so what's the point in robbing Peter to pay Paul? PR? maybe. Then it occurred to me that if Seamless is unable to offer revenue projections, they maybe betting on hype to get the pps moving. Those who have followed Pinks for any length of time know what some hype and a little manipulation can do for getting a run started regardless of a companies competency. The reason I stick around waiting to get in on this one is because of the Dr. Gadget association. Whatever you think of Seamless' ability to survive as a company, Dr. Gadget is going to garner attention on his name alone.
So over the weekend there's news on a new venture with Gadget on a website aimed at inventors. Pretty good hype, means they're thinking of ways to keep this guys name in the news. A few more well versed PR's could well be enough to get the pps to jump a few ticks. We all know it doesn't take much money up front when your this far down in the weeds to make more in a half an hour than most people make in an entire year... a few ticks means a lot. So I looked back to the last time the pps got moving which was a run at the end of May which followed a couple of well placed PR's. There were 4 consecutive days of big volume with no movement. Then on the 5th day it ran. Now, it doesn't make sense that the first day of a follow up to a run would be a day with massive selling at .0001, unless... it wasn't selling but rather the MMs moving shares around. The only thing that makes me think this may be what happened today, is that LFCM and DOMS closed their bids out but kept their asks open after they loaded up. Loaded up for what? Why now? Why all of a sudden half a billion in volume? Getting ready for a potential run? maybe... Far fetched? Of course! But possible? Absolutely! However, we all know ultimately today didn't mean anything and SMWF will be at .0002 for a long time to come.
Anyone else been watching this on L2?..
Strange that the general consensus is that NUBL is barely worth more today than it was before a $20 mil news blast.
Unfortunately the spike in volume was due to a huge sell off @ .0001
Need to see some numbers in the revenue department otherwise the Exodus will continue and those waiting on the sidelines will never jump in.
Convert then RS then... dilute, dilute, dilute.
Still keeping my eye on this one but... its a shame Seamless managed to let the momentum they had built up throughout the beginning of last month to burn out. The pinks that have seen big volume and pps movement over the summer have been those that have released news on contracts and earnings. If Seamless wants to see this thing move they're going to have to figure out what the projected earnings are going to be with the acquisition and release a statement outlining some numbers, otherwise... more of the same. An update on the stock buyback program wouldn't hurt either.
Any ideas on what the current float is? TIA
I've had my Scotty account going way back to the days when they were called Scottsdale Securities. Splits have always been on time but symbol changes are always slow to show. It's just how it's always been unfortunately.
Agreed. Maybe not tomorrow but definitely in the next few days. They're looking for investment capital and want this back above .01 ASAP.
Will probably test .041 once more before moving up. IMO
20 mil on the buy side isn't nearly enough to budge the ask with the low volume weve seen the past few days. IMO there is still 1 to 2 bil left in the float, give or take, and it's going to take a few 100+ mil days in a row to get the MMs to consider moving up on the ask. They're doubling their money with every buy order at .0002 so why would they risk slowing the trickle of momentum they have by upping the ask without demand? The only thing that will spark interest and get folks to really buy in is big volume. The quickest way to that volume is news on what kind of revenue Seamless expects to generate over the coming quarter, year, etc. As far as hitting .0003 for 10 min a couple weeks ago... .0002 on the bid is going to trigger a slew of sell orders, which without significant demand is going to slam the ask back down. Again, the only way through it is big volume generated by new investors fueled by positive financial news.
This is the most consistent string of sell orders I've seen since SMWF has been on the radar. Seems as if folks are willing to take the tax write off on the loss and call it a day. Without any news detailing expected revenue, which is the only thing that will gauge what the pps should be, cant say I blame them.
The A/C chart tells the story. Getting close to saturation.
Salm7
I am not able to reply to your email privately as I do not have, or care to have a premium subscription.
6 x 5k @.0001
6 MM's at an ask size of 5,000 (5,000 x 100 shares or 500,000 shares) at a price of .0001 per share.
On Friday it appeared that ARCA jumped in with a fresh batch of diluted shares and put in an ask of 999,900 (999,900 x 100 shares or 99,900,000 shares) at a price of .0001 per share.
Not sure, and honestly... it doesn't matter. All I care about are buy orders vs. sell orders, price, and what the charts are telling me. Regardless of ones emotional attachment, or detachment as it were for "Seamless the company"... nobody can argue the fact that over the past three months there has been MASSIVE accumulation. The popular sentiment is that SMWF is going in one direction, up. We may see this one sky rocket ala LDSR or we may see it creep past the .0002's, 3's, 4's, etc. Cant, nor would I try to predict the future. But common sense assures that the current buying pressure cannot be contained much longer. Now that is assuming (rightfully or wrongfully) that Seamless stays true to their stock buyback pledge and does not dilute the float any further.
3 month A /D chart shows float is almost exhausted at 7.5 bil, give or take. Good time to get in IMO.
Anyone else notice the O' share count / capitalization doubled since Friday? Major dilution going on here. Too bad, it looked like RMTD was possibly just starting to find its way back on track. I was considering getting in on this one once more of the float got chewed up. It looked like it was primed, but not now... 10 bil's is just way too much to overcome. For those of you without L2, we were looking at 6 x 5k @.0001 on Friday. This morning ARCA jumped in on the ask with a size 999,900 for a total of 7 x 1,029,900k @ .0001