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THIS IS HOW WE BEAT THE MARKET MAKERS...WITH CALCULATED PURCHASES, AND PUSH BACKS, WE WON A SMALL BATTLE HERE AND ARE GONNA WIN A LOT MORE THE REST OF THE SUMMER
MONDAY WILL BE HUGE ONCE PEOPLE ACTUALLY READ THIS OVER THE WEEKEND
You need to have an understanding of how this whole "closing transaction" deals work, the company is a shell, yes....with a fully funded private placement to make the necessary mergers...cool off school boy
go BYOC
HAHAHAHHAHHAAHAHHAHHAHAHHAHHAHAHAHAHHAHAHHAAHAHAAHAHa
HAHHAHAHAHaHHAHAHAHAh
HAHHAHAHAHAH
....
HAHHAHHAh
go BYOC
HAHAHAHHAHHAAHAHHAHHAHAHHAHHAHAHAHAHHAHAHHAAHAHAAHAHa
HAHHAHAHAHaHHAHAHAHAh
HAHHAHAHAHAH
....
HAHHAHHAh
I'll provide my summary later...in short
2 more LOIs for 2 more acquistions
No more shares issued
Now this is relentless buying. Gotta attack at the right time. And gosh, are shorts and MMs looking vulnerable here.
A good old fashioned stand off. Shorts don’t want to short below 10 cents. They are likely increasing the spread for shares and cover.
Let the shorts exhaust themselves, I personally think it's best to let NITE, CDEL, ETRF, etc. come down lower on the ask, that is when you hit them because it lowers their shorting average.
MMs want to short shares at .0998 because they think CFGN won't move above 10. It's easier for them to cover on a large spread if they short at a higher price (duh), so if you let them come down to like .0921 then it puts them in an uncomfortable position.
The reason they come down is to make it look like selling pressure to get the dump, if they actually wanted to sell they wouldn't put it on the ask at .0921 when there is a bid at .092. Buying shares off them when they are down lower does more damage.
MMs are gonna work this slow. They have all day to try to get this under 9, and they will ramp up the pressure at 3:30 like they do every day.
52% short volume today, 489,000 shares. Shorts are not going to give up, need to force them on the pain train. News will obliterate them, but we have to push them back ourselves.
All in all, good day considering we took 800k in sell pressure on a day that was over 90% selling volume with half of that being shorting.
Gonna see strong down pressure tmro to expose that CDEL bid. If no one lets MMs get to it or if they see more larger bids, then we will likely force them to cover.
We are gonna win!!!!!!!!!!!!!!
MMs gonna work like mad to get that big bid exposed.
Looks like shorting into the bid to get the dump. Never surprised to see someone puke it up. MMs will work to make a giant spread now and then lower the ask later in the day. That’s when you buy if you want to put the MMs in an uncomfortable position.
Short vol down to 25%, last time we saw short volume we saw a big ramp up after. Tomorrow is a good day to push back. Don't go thinking these MMs have given up, robots never give up.
Chart is still building nicely, another green day tomorrow would be killer. We have a nice "3 line strike pattern." In a study, 84% of the time a chart displayed the 3-line strike pattern, the pps rose subsequently, 16% it fell (that's just what those numbers mean on the image incase anyone is wondering). Also, when the bid crosses that 10 cent mark, it will cause a big push
Anticipation breeds frustration. Help the chart build and the rest will follow.
This is what happens when no one pukes it up on the short attacks and walk downs.
53% short vol. we will likely see strong downward pressure again from NITE or whoever. for cover. Shorts want the 9 cent break. Just gotta protect the larger bid at 9 to exhaust shorting. Extra protection is always needed end of day.
I do believe getting antsy in the pantsy is a common withdrawal symptom from said meds.
Anticipation breeds frustration...
16% short vol. very low. Which may mean most selling came from CFGN and MMs got cover from them. The sky could be clearer tmro since there is less motivation to drive it down.
Could be good. Gotta wait and see how CFGN is feeling
Pew pew pew
We gon win!
Yes, so when determining whether it is dilution or not, you can look back into the recent filings and look for convertible notes.
BYOC recently struck 100k in convertibles that have warrants at .15 cents, and the convertibles are not convertible until August 2019. Where then, the holder has the right to buy shares at .15 cents when the PPS of BYOC will likely be far beyond that.
ctrl-f "tranches" and youll see what I'm referring to https://backend.otcmarkets.com/otcapi/company/financial-report/192253/content
Doing research, asking questions, discussing topics related to the stock can help us investors stay informed. The problem we face is this stock is not meant for us to buy, it is meant for Maxim's clients and Boustead's clients to buy. So to know how these higher class deals work, we gotta think our way through.
The more who know, the more who win...I just know a few of us here are gonna win since ya know....we know
If you know you know
read my previous post...not dilution. Part of me thinks George has been stalling to force this holder out...but no way at all to confirm that, just speculation
It is not dilution...It bothers me when people don't know this...because when people don't know things, they panic and turn to others for advice. And pumpers tend to explain things with reasons that don't make sense, and then the shareholder realizes what they were told doesn't make sense....so they panic more...and eventually dump when MMs try to force it....so hopefully my reasons do make sense so you can all be informed investors and not give into these scum MMs.
Dilution: Adding shares to the OS and float that were not there before.
The shares CFGN is selling are not shares being converted, nor are they shares being added to the OS as they are already counted in the OS and the float; these shares have existed since October 2009 and are being sold.
CFGN is selling shares owned by an entity named Zurvita Holdings, Inc. (symbol: ZRVT). In 2009, Zurvita was issued 8,000,000 shares at a value of 0.01 per share and, per George, they began unloading these shares back in late January, early February 2018.
Most of us figure they are low on shares by now...this entity was selling through on the open market and through BMIC prior to BMIC's fallout.
Here is the source, just Ctrl-F "8,000,000" and you'll find it.: https://backend.otcmarkets.com/otcapi/company/sec-filings/7194979/content/html
All recent issues (3 mil to Maxim, 700k to SEC lawyer (per George)) are restricted.
Call George yourself.
They will compete for the free cover handout that CFGN is about to give here (who has to be almost out of shares by now). Hard to do, but close it green and it's gg shorts.
Company updates will come when they come, in the mean time it's just about trying to keep the pressure on the MMs.
Anticipation breeds frustration...
$0.1050 is the primary resistance right now (imo), and it is pretty strong...if we break it and close above it and we will get some short panic since this resistance has really been protected for the past few days...
pew pew pew
Short volume plummets to 21.7%, given today had more sells than buys, MMs likely got their cover. MMs can now either re-short the shares from here to try to drive it lower, or the stock can move up with less resistance.
gotta wait and see.
http://www.volumebot.com/?s=BYOC
it is far from a fantasy haha.
tho people tend to think high short volume means higher chance of a squeeze...and it only works that way if retail can endure multiple days of high short volume.
If we close green tomorrow then its game over for them imo.
just look at the chart upside-down and it looks like it would plummet to the earth...which for us means moon :) :)
Chart is very lovely. A close in the 10s on the week would be so nice. Slow and steady. No RS overheat yet either. More room to pressure the MMs before a pop. Which is what I want and why I’m trying hard to educate people the nuance details that I’ve learned since buying this stock.
We will win this.
Stupid robots (MMs)
yeah, we are gonna win this...stupid robots cant beat people if people are educated
Here are my expectations, prior to seeing what today's short volume is.
The MMs are still short, they are gonna put up a fight end of day and try to clear the bid as low as possible to leave a wide spread going into close. After market L2 they will only show a.089 bid and a low ask to get people to think it's going under 9s tmro (this is a psychological tactic that they have been doing for days here)
They look to be setting up for tomorrow, which I'm guessing will have more down pressure than today and yesterday combined. This pressure is not retail, it almost entirely the MMs just working the L2 and chart to get a sell off.
Tomorrow they will paint it up in the morning, then try to cap the morning paint as the high of day so the candle is red and the stock closes below the open price.
Short squeezes are not easy to get without news...in order to get the squeeze there needs to be minimal selling into the market makers and buying pressure at the very end of day when the MMs have already dumped a last ditch effort short into the bid. They will do everything they can to force the sell off.
If we get the squeeze, we will attract more traders to the stock, which will push it up more...
MMs just shorting to themselves to open up a larger bid in hope of getting a dump.
short squeezes are hard to force, just can't give them their cover and we will win this...
short attack happening here...i think, no way to know for sure, but the down pressure will prob keep up today...
I mean they can walk the PPS down 8% like they did today. But if no one sells then the MMs are just averaging down on their short position, which they don’t want to do since it will put them deeper in the red if support fights back. Another .1-2% gain tomorrow would rule. Just wanna see the bid move up again like today.
Short vol = 56.25%; the down pressure and air share trading will prob continue tomorrow. Today looked like MMs were just handing the short position around to avoid covering. If one MM is short, usually a few others are too.
Rarely is short vol high for 3 days in a row. Keep it in your pants tmro and we might see some squeeze Wednesday if we can get some more buying pressure.
http://www.volumebot.com/?s=BYOC
Pew pew pew.
Will provide my opinions on the day and my personal outlook on tmro after short vol is posted later tonight...
at least not many puked it up (it appears)...
if short vol is high, they'll just bring it harder tmro...
I'd assume they are just short sells to try to clear away any retail bids in hope to get a dump into a cover bid.
no way to know for sure...not even sure if anything i ever say is correct, just speculation...
UH OHHHHH SHORTS....DUN DUN DUN DUN DUN DUN DUN DUN
uh oh shorties...bid is moving back to mid 9s...DUN DUN DUN
i've learned a thing or two or twelve from silk across these months :)
haha...stupid market makers are averaging down on their short positions...
no one pukes it up, next round of buying pressure causes quite the pain train for the shorts.
the more we all know, the better we are all off.
It would have been easy for me to lie my butt off and say that today was gonna be AN EPIC SHORT SQUEEZE because short vol was high...but that's not how it works.
only way we get the squeeze is if no one pukes it up and the time comes for the MMs to return the naked short position...though often times the MMs will hand off the short position from one to the other to delay this process...
gotta be patient...IF buying pressure comes, then we are sitting well.
Reminder: most "selling" and walls on the ask today are likely short sells and short limits to drive price down for cover considering short volume was 70% yesterday