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So has anyone figured out exactly what is driving this down? Dilution, shorts, something else? With an increase in the float of more than 1.5 billion since he said no reverse split and we had our run, I would assume this is because of dilution by note holders, but some think it's just shorts?
With so many 400 - 800 trading days, I still wouldn't trust this. The results DO seem good - but if dumping and manipulation continue, unfortunately it just won't make a huge difference. I might put in an order back at .0002, even though there may be a chance of going around maybe .0005 tomorrow. Anything can happen, if mm's are on your side - here they are not.
Even if he's not, the fact that whoever is has dumped on .0002 now will probably continue to do so. Maybe it'll break 2's, maybe not. I don't know, I probably wouldn't pass up the opportunity to get 1's, eventually I think this will be higher, but it's impossible to say how bad exactly this is going to get before then...
I'm considering taking classes on reading charts to understand them better - do they apply well to penny and sub penny stock? It seems like people have been saying the chart looks good and its setting up just right ever since it started going down. What do you think is coming?
Have we not been getting "news"? That just keeps telling us we will eventually have good news?
As a beginner who is basicly living the same story - I'm in college, just lost everything I've worked for, want to reinvest again to make back what I lost, so on - I have to ask do charts have a large meaning in sub penny stock that are so easily manipulated? Or even just pennys? People are constantly saying how one pattern or another has formed, and I'd say 50% of the time even if that pattern has formed it'll just go down again anyway.
Seems less and less attention here... So much for .01 any time soon.
If I could buy at these rates I would - We'll almost definitely see 6, 7 or 8's again sometime in the next month - I just wish I didn't fill my boat with 9's and 15's weeks ago :P
.0002 is more than just possible at this point. We've touched .0003. If dumping to the float continues there is hardly even a doubt.
Does it seem like dumping has stopped for now? I know it'll run if it has, but if it hasn't we won't see anything above .0007 for a long while. Thinking about getting out at .0005 while it's still possible.
Is there really any way at all this can run here at this point? Maybe in a few weeks, after we touch .0002, and it'll only get to .001 at most without some kind of JV agreement or real news. And do you have any other plays where one can make up for a 66% loss? :P The reason I bought in here was because the CEO said there would be no dilution... I'm sure the float is around 1.5 or 2 billion now with red 400 million trading days the past 2 days.
Is it still only 1.1 billion? Has anyone called today?
Where are we going tomorrow then? New lows? Or a bounce? We might not see around .0008 again until geologist reports come in. And will someone call for the float?? 400 mil today, 400 mil yesterday...... Something isn't right.
An unfortunate likelihood... Can't believe we saw 3 today. Somebody needs to call for the float as of today.
If they're covering today shouldn't it have gone up today? Instead of tanking and seeing a new low? What exactly do you think will happen here over the next few weeks?
I just wish I wasn't stuck. When you can't sell at .0005 because nobody wants it... Has anyone called to see how big the float is today?
well isn't this depressing....... What the hell is happening?
50 million bid disappeared - may be wrong about that bottom.
Well we may have hit a bottom - but this isn't exactly big breaking news, the news we need to overpower the MMs into covering. The company is making progress, but with manipulation we won't go far without anything big and that could take a while. I would buy in right now if I could - I think it'll go up, I'm just annoyed I'd have to sell around .0013 to break even.
You're right - misinformation isn't welcome. Brushing off huge dilution as nothing because at least there won't be a RS? And now here we are today, another hundred million just thrown down to kill 5's.
Yup...
It's not my time frame, it's the time frame that was already given yesterday, just pushed back - I'm just wondering what reason there might be? I'm really just disturbed by yesterdays activity, with such gigantic volume I can't believe we were down a day before supposed huge news.
Well this is definitely awkward....... New tweet, news released after 1 PM. Not good?..
Dilution to the float is just as bad as a RS though, and we know that's been happening - I think it's all about when whoever has been dumping runs out of shares. We'll see how tomorrow goes.
But why would even an idiot scared investor sell directly before a day with supposed huge news? I don't know - I just don't understand exactly what happened here today, especially with FINRAs numbers being off, I guess none of us know for sure what just happened today. There was a lot of buying... Hopefully by strong hands.
If the news was meant as a warning for people to start loading before news, we wouldn't have gone down all day... That's what's really confusing here. Where did all of those shares come from? My fear is that Blom isn't going to address that. But I guess we'll see in the morning... Wish I got in at these levels.
What's unfortunate is that this PR feels forced - which is why I don't think anything substantial will come from it. Forward looking statements, so on. I really hope they cover whatever the heck has been happening here, where these shares came from and how many are left, maybe give as a PPS target or some kind of real time line for long term events.
That's for sure. Definitely something interesting going on. Unfortunately it seems like it's almost definitely something not good...
Just because the fact that we're down 25% on a ridiculously high volume, I've got to throw in my guess that we'll be down tomorrow... Things are not looking great here, if anyone would calm down and notice. The news could easily be more "we expect to be able to later announce", and 500 million have recently been added to the float. That's insane, especially because the CEO gave us the impression that there would be no increase to the float. There is a lot of attention here, but if hundreds of millions of shares are diluted we will not go anywhere. If it's shorts shorting hundreds of millions of shares today, then tomorrow could be a great day, if they're forced to cover - but it doesn't look that way. Hopefully I'm wrong and we see green tomorrow...
Except that over 400 MILLION of the float traded today and we're down significantly..... Is this more dilution to the float do you think? Or do you think it's shorts? Questioning if we should trust this CEO with how much the float increased.
What's with the 32 million ask at .0007? Does anyone know if it's shorts, or if there are shares being dumped by a third party still?? How many more could there be after 500 million?
216 million traded and we're still at these levels?? And still have more than two hours to go? What do we think - shorting, or is this more of those shares that have been adding to the float?
There were 500 million shares diluted into the float - that can't just be ignored, because it could still be happening, and because the float before was around 650 million. Adding 500 million isn't far from doubling it.
I wouldn't say it's golden for sure - 500 million shares have been added to the float. That's almost doubling what it was - if it continues we could keep falling down. And the news will only make a big impact if it's substantial, not full of "we expect to be able to" or other speculation.
Does it say how many shares there are left that aren't restricted in the filings? If 500 million have been used up?
That's interesting - with 500 million thrown into the float I feel like we did a pretty good job keeping it up since its still at least .0008. Hopefully this dilution to the float has stopped...
Eh - if you're going to buy 30 million, you should probably be ready to hold a little longer than a week or two :P imo good news will likely come, it's just extremely frustrating that every day it doesn't we'll be brought down without new investors.
Unfortunately it's possible - though at every dip it does seem like longs are picking up, if what people post here is actually true. I'll probably hold until Wednesday next week unless we end up getting that news - otherwise, eh. I've seen CEOs make promises before.
So there was no forty some percent shorting today and sixty some percent last Friday even though there obviously was...?
Then why are there so many more buys than sells? What is it then? There is obvious shorting going on here.