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Over 5M shares in short volume today. Artificial selling pressure kept the price down a bit, but uncovered short positions are about to take a beating. Lolzzzzzzzzzzzzzzzzzzzzzzzz.
You know what they say about the devil's greatest trick.......
It's funny that people say they can't be shorted. Someone better tell my broker, because I can see shares available and the interest rate associated with borrowing said shares on many penny stocks
I still get a kick out of those who insist that you can't short penny stocks.
A sincere thank you to all those who sold me shares this week in the .0125-.0135 range. Weeeeeeee..................adding more on Monday!
Nice misdirection! Unfortunately, any volume in July 2013 is not relevant to the Sierra discussion as the first stock issuance to them took place in November of that year.
Good job cherry picking dates for volume and leaving out dates that are relevant to the Sierra discussion (i.e., after the November stock issuance). On November 29th there were 582,605 shares traded at a price of .0021-.0023 which translates into just over a thousand dollars worth traded in a day, and on November 7th there were only 105,000 shares traded at a price of .0023 (that's 230 dollars in stock traded that day in case you were wondering). These dates, unlike the ones you provided, actually fall within the relevant time period that was referenced in the MYEC Facebook post.
Keep the focus on 2013/early 2014!! I say, why stop there? Go back even further; maybe we can get back to Ed's divorce, and bankruptcy. LOLzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Except for the fact that you are leaving out the flat fee. Merchants generally pay at least 25 cents per transaction in flat fees plus the 2-4% of the sale. So your math doesn't quite hold up unfortunately because you have excluded costs from the equation.
Well, I'm bored so I think I'll take those .0129's that have been sitting on the ask.
Only one post per day but you are quoting wholesale costs. I don't know a single merchant that pays wholesale. The middlemen ramp up the costs to the merchants quickly.
The biggest thing that changed is volume! When that dries up so to does the pps, like clockwork. I just wished I had sold in the low 30's rather than .28. Oh well, better to be upset over lost potential gains than real losses.
Nice! You still adding here as well? Lolzzzzzzz....I have my order in now for .0002. Will hit with all the dilution coming......just waiting on the soon to be announced increased AS. It's coming! Brace yourself! Lolzzzzzzzzz......
Volume has dried up a bit. Sold my holding at .28 as once volume goes so does price in the OTC. Will keep an eye to re enter at the right price or with the right news. GLTA.
Did I miss something? I followed this thread back and it doesn't seem to make much sense.
It's funny that I warned this board this was coming and no one listened. I was called a basher for pointing out that big time dilution was coming even though it was obvious. But you're right I should not present as taking joy in others losing their money, well except for the fishy ones.
.001's up! Good call loading in the .002's and teens. Lolzzzzzzzzzzzz........
Working out quite well. Withdrew my bid @.001. Once they increase the AS this will be in the trips. .0007 is my new target price. Hahaha.....
Bwahahaha.....not going to happen. It will slow down in the coming quarters? Hahaha....that's a nice way of saying dilution will continue at this rate for at least the next 3-6 months. AS will be increased by the end of September. Lolzzzzzzzzzzzz....what garbage!
First, let me dispel the notion that shorting cannot happen on the retail level. That is simply not true. I am able to borrow shares through my Fidelity Margin account on any stock as long as there are shares available (many OTC stocks are listed as "Hard to Borrow" and require a call to be made in order to do so, and there are some that lists the shares available and the annual interest rate charged on borrowing them; for example I can borrow EAPH right now at an Est. Annual Interest Rate of 2.75% but I need to call in to find out how many shares I can borrow). Secondly, with all due respect, that explanation makes little to no sense. If true then any retail sell would be considered a short sale, and the reporting percentage of short sales would be around 100% daily. There is short interest, whether it's retail or not is irrelevant as all short positions must be covered at some point. There is a reason why FTD lists are kept. I really didn't want to waste my one post today on this nonsense but some of you really need open your eyes.
Oh yeah and go MYEC! Would be great if the company actually produced something. Ed should just STFU with these dates. Only setting up shareholders for a let down and the beating down of their portfolios. Got some powder that will be dry on Friday, and I'll be looking to add more.
Bwahahah....they are going to be cranking out the shares given their current debt. Which means the death blow increase of AS is near. Need to have reserves to cover all that debt that's going to be converted!! Weeeeeeeeeeee.............Still waiting on my .001's
Over 50% shorted today. Can't say I blame them given the company's track record for delivering on stated timelines. Have some dry powder and will be adding more tomorrow, but I'm actually hoping for a delay as I have another 5k of powder that will be completely dry by next Monday.
IMO there are lots of uncovered short shares out there. Given the lack of selling, things could get very interesting this week, starting this afternoon.
Come on Danny....if it were such a slug why would you follow everything they do so closely? That one is going to make a lot of us serious $$$ again.
I'm guessing we touch .35 today. Any spike in volume and .40+ isn't out of the picture. A lot of shares traded yesterday in the .20's.
The amount of shorting here over the past week is unreal. With multiple days over 50% short there are a lot of uncovered shorts out there. Today will mark the 3rd day this week that I'll be adding to my position.
Down almost 50% from last weeks highs. Just an opportunity to average down.....LOLzzzzzzzzzzzz
Still waiting on my .001's.....only 4 ticks away. Weeeeeeeeeeeee................
Retest? Going lower than .0015. Simply too much dilution, and with the current PPS the pending conversions will result in greater numbers of shares being issued. The shear number will tilt the supply/demand in the favor of supply and down goes the share price. Throw in an increase in AS and you'll get a mass exodus.
Good....more .0008's for me. Lolzzzzzzzzzzzzzz
I did just that and I have a bid in @.0008 because of it. Thanks for the suggestion. Lolzzzzzzzzzzzz....next stop AS of 8B.....Mark it son!
Oh I agree, but I still think this has one more bump in it to .001-.0015 before it gives it's death rattle.
I hope so. I'll pick up some at .0003. Little money risked for a potential big reward.
Fitting that a freight corp is unloading a ton of shares. They must have a lot of dump trucks in their fleet. Lolzzzzzzzzzzzzzzzzzzz
Not bad considering the massive dilution taking place. I'm going to get my .001's faster than I thought. Heck, I might lower my order to .0005 just in case they up the AS sooner than I think they will.
Yup, and an increase in AS is on the way as well. The writing is on the wall for anyone who cares to read it.
LMAO.....this bloated pig will be increasing the AS very soon so that they have enough reserves for all the pending conversions that are going to hit at this PPS....my guess is either a bump to 8 or 10B. Those are some ugly looking current debts on the 10k when compared to the cash and accounts receivable.
Yup and that shows significant dilution from 3/31/15 to 7/13/15. OS will be over 1B within 45 days.
Well if everyone was adding the 22's who was the one doing to 2MM+ share dump at that price?
With how quickly they are diluting I don't need luck, but thanks anyway.
I have my standing order in @.001 for when the next round of dilution hits.
I will as soon as I figure out how this company is going to satisfy their current debts with their current assets without diluting a whole lot more. This company will have to increase their AS within the next 6 months at the rate they are diluting.
Hahaha...the first time I've ever been called a basher. Now I know what it feels like. So what's the deal with the OS...according to the financials almost 300MM shares have been added to the OS in the last 3 months alone.
Shhh...don't look at the expanding OS everyone. The stock price dropped because of late filings, and not because of the extra hundreds of million shares added to the OS. Lolzzzzzzzzzzzzzzzzzz
Yeah great if you love dilution. Over a 57% increase in the OS over the past 3 months alone.
GO MYEC!!!