Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There was no mention of 'reverse merger' in my statement or question, and a person making the following statement would most certainly have to be an insider in order to support such an adamant claim:
I think I tend to agree with you. I guess my curiosity lies more in the differences in perception as it is applied to presented opportunity. There seems to be a predominate belief or opinion in trading that pumping is bad but capitalizing is not.
You stated in a recent post that you consciously avoid enticing others into positions you are holding, but you also acknowledge your ability to distinguish and monetize a recognized ‘pump’. So there seems to be a line...or a threshold that you have created. But are the two really indistinguishable?
No, but the suggested alternates make for a very good start to a potential subtitle list.
Let’s stick with the OTC and original intent for now:
1. Developing technical setups
2. Taking positions
3. Monetizing them.
In your trading history have you noticed that the ‘ramps’ you’ve sold into; those where your opinion leaned more toward ‘scam’ (but you could never be certain) presented differently...from a technical standpoint? Were they monetized differently?
Same questions for ‘promotional pumps’.
What determines exit points in these scenarios? Is continued demand for shares a factor? How is demand for shares quantified or anticipated outside of recent volume...Twitter, discord, etc?
I think this is important and worth looking into.
Is a worthy trader still considered worthy for capitalizing on a demand for shares created by a pump in a scammy stock?
Are indicators or technical set ups different in a ‘pump’ inspired move?
Are you an insider? How do you know this? Please share any factual evidence (to support this claim) with the board or clarify whether this statement is just an opinion:
New accounting firm, audited financials, filing with the SEC. Check it out:
https://www.sec.gov/cgi-bin/browse-edgar?CIK=1381871
Getting a hollowed out, inactive company current takes time. I wonder why all the effort and resources are being put into this....
Plausible deniability...got it. What if you are 95% sure?
Never mind - don’t answer that!
I’d like to thank you both for the discussion(s) this evening. It was my privilege.
Have a good night/day.
I think that’s very well said, Wolf. And I agree with you.
Two philosophic quotes I have come to value over the years which are strangely applicable to trading - badly paraphrased of course:
“...consequently, there is no truth”
and,
“If the world was not already a perfect place, it would be different”
Wolf, that is an excellent explanation. I think there are a few additional aspects that could be incorporated. In addition to ‘what they want to believe’ there is the equally if not more powerful ‘what they want to achieve’. Dreams are intangible. Separating the investment from the dream is impossible for some.
Not conflicting - just poorly written. I’m not a great communicator.
Paraphrasing your original post...badly - You do not convince anyone to join you in a position because you would feel guilt if money was lost based on your recommendation.
Do you feel guilt in selling out of a position or ‘dumping’ when you are certain that the position is destined to lose value in the near or even immediate term?
I am not suggesting anything - just asking.
Yes, I think it’s probably a perfect example of virtue signaling but I could care less and that’s not a point I’m interested in discussing. My intention is not be critical of you or anyone else.
“Why does anyone pump? What’s the purpose?” For the same purpose and reason that people virtue signal - to imply inherent value. Does it matter? Is not convincing others to enter out of fear of losing money any different or somehow better than exiting a position when you’re convinced or even certain that share price is heading south? Those shares are being passed to someone...maybe even for a large profit to you and a near term significant loss to the buyer.
My many questions were addressing trading psychology.
"Because it is unquantifiable and generally misunderstood by most traders and investors, psychology is the often overlooked intangible aspect of trading. Unlike the precise mathematical formulas used in technical analysis, we cannot easily reduce human behavior to a mathematical equation that can be plotted on a graph as a trend line or as a series of variables that we can examine in detail throughout history."
At a certain ‘level’ and within certain instruments (OTC), isn’t psychology a very effective indicator, and the biggest driver of ‘technical set ups’? If not what is...in your experience?
Story tellers and their stories generally tend to get better with experience. And you never know, non-fiction is always a possibility. Rare, but not out of the question.
This is one of my favorite subjects. Thank you for linking this board in a far away post - what an appropriate use of subject matter.
I don’t think OTC boards ‘seem to be’ about pumping. I think it’s the intrinsic nature of any board dedicated to an OTC traded company.
What about the psychology of virtue?
Does/should worthiness have a place in trading? Why? Is a worthy trader still considered worthy for capitalizing on a demand for shares created by a pump in a scammy stock? Is placing a well timed buy order considered participation in that pump? What about selling on the way down...especially at the point when resistance hits and support breaks...is that considered dumping on late comers? If you have or intend to capitalize on a pump, when should the pump be ‘called out’? Why do you call it out? What’s the purpose of calling it out?
Can we all make money...? Who is ‘we’? Doesn’t somebody always have to ‘lock up and turn off the lights’?
You as well, friend.
I think we’ll be riding together on this sooner than later. Hopefully it will be at light speed! :)
Agreed. However, debt is renegotiated all the time. Down here - probably more so than it is paid under the initial terms. Again, until we know more, we don’t know what’s attainable and what’s not.
The good news is that audited filings are being submitted to the SEC and we are exponentially closer to 52 week lows as opposed to highs, which is very much what I like to see when scanning for opportunities.
I don’t even know the answer to that question but I’m willing to concede a factor of 10 and would be extremely happy at .015. Sign me up.
Read it again - “convertibles are par for the course down here and easily mitigated”. Nothing was left out.
Throwing out ‘accumulated deficit’ figures is a bit misleading when arguing potential PPS for a hollowed company that’s been operating in one form or another for many years. Convertibles are par for the course down here and easily mitigated.
Success and gains here are going to be dictated by future actions and incorporated entities. Only when we have that information can we begin to determine what is attainable and what is not. In the mean time, the chart certainly tells us that PPS higher then current levels is certainly attainable.
Interesting theory. You’re saying a CEO with a track record of making big money and raising a lot of capital for the companies he navigates through the world of public trading...took over a low float, hollowed out OTC shell, hired a new accounting/auditing firm, is updating the financials and submitting audited filings to the SEC so he can scrape $10k a month and keep the stock trading in the same channel?
Yeah...I’m gonna have to go ahead and disagree with you.
And all of those are valid points. I don’t think it should be a surprise to anyone that CEO salary and accounting fees are going to be paid with authorized shares until the company is repurposed. The increase is actually supportive of the recent accounting activity and a strong sign that additional actions are coming.
Light speed is relative!
I think there’s a couple of reasons Nevada hasn’t been updated as of yet. One, there are still two quarterly filings needed in order to get current. Based on the recent quarterly filings and last week’s 10k filing, it’s apparent that the accountants are working to get the company current. Shouldn’t take long as quarterlies aren’t audited and there obviously hasn’t been a lot of activity to report. And two, Nevada filings will need to show any new officers or directors - no reason to jump the gun doing this prior to updating financials.
So whether it’s imminent or not (I think it is) probably isn’t as relevant as your previous point of ‘how long’. Filing with the SEC down here in the muck usually means a lot sooner than later.
Only time will tell!
So just to clarify...because I want to be sure I understand your post:
The CEO did a reverse merger a year ago with another company he is involved with...that company ran to 11 cents and it still hasn’t hit a 52 week low?
CZNI is not far off of a 52 week low. So in your scenario, if a reverse merger was to occur here and increase the share price to 11 cents...maybe you see where I’m going here.
Does anyone on this board believe it is the CEO’s fault that early ‘investors’ didn’t capitalize on such an enormous increase in share price?
Does anyone on this board believe it is the CEO’s fault that ‘investors’ bought at the top and didn’t realize the gains they were hoping for?
I would really like to know. Thanks in advance to anyone who responds.
Or...the candidate is in place, hence the process of updating financials and any other boxes that need to be checked off prior to updating Nevada. I'm leaning toward this scenario a little more than the cleaning it up and parking it in the yard with a 'for sale' sign in the window.
In either case - things are definitely moving, share structure is excellent, stock is cheap and CEO knows what he's doing. Money will be made.
Yes it will be! News after will be even better.
That may be the case. It's difficult to say at this point...but easy to remedy at any time.
You're right; whether it's today or a month from now - it's waiting. But, registering an agent is by no means a long and tedious process. You and I could incorporate or form an LLC and designate a registered agent online and be done within an hour.
The quarterly filings hitting in March/April and the audited 10k hitting last week are definitley big indicators that something is in the works. There's definitley a reason this thing is getting waxed and polished.
Very apparent that this is being held onto tightly. And I do think you’re right - base has moved up. I kept hoping I’d hit those 7s another poster kept talking about. Someone might get desperate; who knows. I’m thinking the bids are going to have to come up.
This is definitely getting tuned up for something, and those filings scream sooner rather than later.
Spot on, Sir. You have to build the ladder before it can be climbed. Luckily for us, the best ladders are built with SEC filings.
I’m thinking we’ll know more sooner than later.
Gained over 22% with only 5.5m shares traded. I’m pretty sure Captain Huss will be turning on the ‘fasten seat belt’ lights soon. Imagine the gains when that happens.
GLTA
Then why file at all? And especially with the SEC?
I guess we’ll all see just how funny it is.
These two trades today speak volumes:
15:53:37 0.00105 10,000
15:53:11 0.00095 37,500
Float is very tight here.
I really hope you're right becuause I've been sitting on the bid, as you previously suggested, in the hopes of over filling my basket.
With yet another SEC filing - a 10k no less. I wasn't expecting things to happen this quickly.
That's fine, shares are still extremely affordable at this level. I'll get more.
Perfect example, and certainly not the only one. Hard to find a better opportunity down here than a dormant company that is waking up - with a new accounting firm and filing with the SEC no less. It doesn’t happen for ‘no reason’.
It shows that a company with an extremely advantageous share structure and market cap is in the process of getting current.
And why would a OTC company with no products or revenue hire a new accounting/auditing firm and file with the SEC? Obviously, not for “nothing”.
I agree wholeheartedly with this statement:
Great point. The absolute beauty of low float companies like CZNI is that when common, industry specific valuation multiples are applied, a reverse merger with a company projecting revenues of even 5-10m could easily exceed your .10/share prediction.
This ticker is too valuable to sit on the shelf for a prolongued period of time. March/April SEC filings and new accounting/auditing firm out of Colorado would indicate events soon to come.
Very common for RM enities to bring their existing accounting firms with them. I wonder who/what's in Colorado....
Anything else I can get you while I’m doing your DD? Coffee...pastry...?
OTC Markets shows 161m as of 5/19. I’ll let you figure out the between then and now and the cause for increase. There are filing for you to review.
Ideal. TD shows 297m OS.
At this level, any point in that channel is a good parking spot to reap future rewards.