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Update: Canadian Trading Halt:
As of today, minutes ago, from the RBC Direct Investing site:
Reason for Rejection
We were unable to process this order as trading on this security has been halted.
Market orders are not permitted for a stock that is halted.You can submit a Day order with a limit price for this security or wait until the halt is lifted and then submit your order.
Thanks Donk for taking the time to clarify and add further commentary. Much appreciated.
Donk, could you clarify re PT interview and uplisting. Did PT mean 7 - 10 trading days or calendar days? Thanks.
you got to wonder at the thinking behind the decision to sell down here at an almost 10% discount from ANY all-time highs. Well, good for buyers!!
I'm from Canada as well. Between mommykat and myself we should have a status update on Monday.
If I'm not mistaken, I believe the law in Canada is such that if one province imposes a Cease Trade order then all provinces are affected. Thus a provincial cease trade order becomes a national cease trade order.
tried to put a buy order in here in Ontario, Canada, but it was cancelled by my broker, RBC. So the Quebec Cease Order trade is evidently affecting more than just Quebec.
"There were a LOT of shares being bought (and sold) at considerably higher levels - and if your savvy investors aren't buying now, they certainly weren't buying then."
Yes, there were a lot of shares bought, particularly on May 5 following yhe Q1 earnings report. However, a considerable amount of these shares were shorted. 40% were shorted on May 5, and 70% just days before. You have to assume that these investors (shorts) believed strongly that pps would NOT continue to climb but, rather, it would fall.
http://otcshortreport.com/index.php?index=MSLP&action=view#.U34YMNJdW5g
Ok, very well...show me the money. What does he know? Jet, what do you know?
r we not closing in on the end of the 4-6 week Nasdaq application timeline? If so, curiously there is not a great demand (otherwise the pps would be rising rather than falling) to buy this security prior to the uplisting. Are investors that ignorant of what this security represents or am I missing something here?
Sorry, but neither a low float nor the claim that you think "Jet's the man" is going to propel this pos into a 20+ bagger. I trust Jets has more compelling reasons than the ones you cited that would account for his wild prediction of 20x the current pps.
Thanks MD!
What in God's name is going to turn this into a 20+ bagger? You're kidding, right?
"If this goes below 1 cent it will fall to Pink Tier per the new OTC rules and DIDG will have to pony up $10,000 to return to QB tier."
Thanks. Good to know. Do you have a link for this info? If so, could you post it? Much appreciated.
IMO the lack of buying interest can be attributed to savvy investors who know how this security trades and thus where it is headed: right back to where it was before the heady news of profitability. Once the pps returns to pre-profitability value, then buying interest will return. Until then, why buy now (i.e., over the last several days) when you can buy later at a 20 - 30% discount?
surprised to see the market reacting negatively (declining pps) to all this news?
TSX - both bid and ask down by .90, to $8.50 (from 9.40)
No didn't miss the run up. Actually watched my investment sink to 52 week lows and then was grateful to watch it regain a smigen of my investment. Sorry, hard to be a cheerleader for a company that has misused and abused my investment dollars for far too long. The only one on this board that has been on the right end of this abuse, and has benefited from it, is Codie.
Cheese please! The highest volume ever (451k) barely eclipsed the former highest volume (433k, Oct 1, 2013) following which the pps fell, eventually reaching 52 week lows. Whoa! So much for the power of record volume. And check your math. It has retraced over 5% per cent since it hit a high of 10.25.
And since this occurred, the pps has sunk. Investors don't like it! Management doesn't care! Same old, same old!
Here we go again. Watching this pos sink yet again! What a mistake getting my money tied up in this poorly managed company. Long for too long!!
second highest volume over the last 52 weeks!!!
only five times in the last year has there been volume greater than today...and it's not over yet!
judging from the pps drop today, the "profitability" pop has sizzled out. Will the pps drift downward to pre-profitability levels? Time will tell. SEC: the albatross around MSLP's neck.
thanks for your insight wv
Thanks for posting Adam. Great article.
What's with the dollar plus drop on the ask and the bid in Toronto? Anyone know? Another hit piece?
support has now become resistance...hopefully we break through it by the end of the day/week.
that support was "short" lived? :)
How do you know? Is there a deadline looming?
Well, as you know Adam, by looking at the OTC short report, there are many who want to, and have, shorted this stock. Why? I can only suspect that they know more than I know.
Same old, same old for last year and half...news comes out and "Aim High Profits" pumps it, the pps consequently pops up but can't be sustained, followed by the pps falling below where it was at prior to the news, then continues to drift downward dropping even lower than the proceeding round of news and Aim pumping. I've held this long for well over a year. What a disappointment.
looks like the shorts are having their way!
Hmmm, interesting, potentially explosive opportunity! Thanks time.
Again, thanks for taking the time to correspond and sharing your insight.
Thanks for your insight Adam. Yes, I did see the OTC report and it concerned me. I'm long.
Adam, how do you know a short squeeze is occurring or is about to occur? Thanks.
Dreamers and Pumpers. This pos has fallen from it's pps high of $1.35 (when it was RSRS) to a few pennies. No matter when you got in, you overpaid and got screwed, unless you day traded it successfully. IMO DIDG is not run by a trustworthy management team. GLTA
dreamer...
Third largest volume of the year yet this shorted pos plummeted by over 22%.