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9 months? If anyone holds this turd for more than a few weeks their playing it wrong.
I have no issue averaging down if it happens.
Def not a good feeling. Ive got my orders for 3's and 4's in just in case.
Puhahah! Great post.
Except for the 550m+ shares bought between .0007 and .0023. .002 seems pretty stable at the moment though.
Well, their funding it alright. To the tune of 680m shares since the end of 2018. The cspa is worse than a toxic note in that they get nothing unless it hits that minimum. Virtually no risk for tritan.
Not sure how more dilution translates to huge news. Also the minimum price is .005 so they get a 40% discount if the price ever reaches the minimum. If it doesnt happen before the end of the year the agreement expires.
No stocks go straight down. You always get bounces.
Why would they be out before April?
I don't think you can say shares are crazy cheap just because their market cap is so low. Without any assets and failure to turn a profit each year a continuous decline in price is warranted. It looks ready to bounce so to me is worth the risk, but trying to back this stock up based on anything fundamental is misleading. I agree with posters saying you can't really put a value on this to defend the notion that it is cheap at its current price.
Its a turd for sure. But so are the other 99.99 percent of otc's.
Beats me. I'd have to assume where weed is still in the picture for now until they say otherwise. Surprisingly I have been able to make a few successful trades buying below .0023 and selling at or above .0028. Have brought down my average significantly doing this over the last couple of months, although its rather tedious. Someone keeps painting the tape up every chance they get and seems to be intent on keeping it above .002 but obviously that could change with one big sell off.
And updated again on 2/7. Seems like they still update frequently.
Paying maturing toxic debt with new toxic debt, rather than allowing it to convert seems to be a far better strategy than most pinks that simply convert into billions of shares, and let the price drop to .0001, before doing a reverse split. I look for otc's that are worth trading so I won't defend a company or ever suggest people hold long term like so many others do on these sites, but there's certainly money to be made with this ticker. The fact that their reverse splits are relatively modest compared to the 1:1000 splits of the obvious share selling scam companies, seems to me they might possibly be trying to run the business, just not doing very well. I do hear what your saying though and think you perspective is very helpful and refreshing.
A/S has been 5 billion for a while and never even close to maxed out. If you look at their filings, at the time of their last reverse split, they only had 498M shares out. Also the first split was in 2013, the next Jan 2017 and the most recent Dec 2018. I'm not defending the company and have not yet had time to dive into the financial statements so can't really comment on fundamentals, but the statement that they ballooned their O/S is simply false.
They updated it yesterday.
Nice buy there at the end of the day. This will uptick again on Monday. It is clearly being accumulated right now. 38.79M buys vs 14.93M sells. They sell a few to buy a lot.
Agree with everything you said except the dumping for the last 2 days. Just hasn't been a whole lot of it. That said, most otc's are no different. Some/very few are good investments, but most are just momentum and chart plays. Plenty of money to be made in the short term. Long term? Good luck to anyone with that strategy. There are also companies that are a lot worse then this, have billions of shares outstanding, and their sp is at the same level or better than this.
Now that was a big dump.
There has not been much dumping today. 26M shares have been bought at the ask price and only 3.35M shares have been sold into the bid. The lack of any action since 2pm is making nervous though. Hopefully we start getting some volume again.
Those whales sure held strong on their bid stacks. Or just maybe they were fake walls.
Happy to be wrong on this post. Just hope it can keep the momentum into next week.
I didnt realize hunches were a trading strategy. Whatever works I guess.
Most likely algorithm bot trades.
I think the good that happened was whoever bought up the 45m shares yesterday at .0005 just made $30k.
That was an exciting first half hour and then meh...hopefully we can get some momentum back later in the day.
Lppks like anything between .0011 and .0015 is a good entry point. I picked up a small block .0013 on tuesday. Happy to add more if it drops below.
Might have something with the fact they added 300m shares from convertibles in 2019. Still I agree SP seems low. With the sp being .01 at the beginning of 2019. Just factoring in dilution would put it around .0045
The last 26m shares were all buys on the ask. I think .0005 was/is the bottom.
Nonsense.
Brutal but not as bad as you think. There were actually more ask slaps then bid dumps today. but overall just about even. It also could have just been coordinated to transfer shares or spike the volume. GHS is generally not going to dump at these levels. They would run it up before dumping.
I could also drop further into trips. Looking and the charts it looks like the more likely scenario. Wish I waited instead of buying on Friday but oh well. Looking for the next bottom to load more.
Looking good. LOL....That is one busy a$$ chart you have there.
Lol...noone is willing to bid above .0033 either because their scared of getting filled. They'll slap the ask to push it up but wont bid higher than .0033. MM's trying to snuff out the buying.
I don't need luck with my strategy, but thanks.
Doesn't the lack of meat in these pr's make you question the integrity of the company though? $80m durango project! Great, but what is there role expected to be in construction. How about an estimate of how much of the $80m will they be earning? Where is the signed contract for project? Last we heard, contract was pending based on clearing due diligence by the other company. Or with medrecycler, why was the bridge financing extended? What is the prognosis on the perm loan application? Or even questions on the warrants and conversions. The company refers people to the financial statements which are murky at best. They state they settled the note with Auctus for $150K, ok, so why was there still an outstanding convertible balance of $14,420 afterwards? If the statements show a fully diluted calculation of 390m warrants, why do the statement only show issuance of 6.934m?
To qualify as a solid long term investment, the statements both pr and financials should be far more transparent then they are.
Will this stock run again? More than likely, but not based on fundamentals and anyone claiming any different is creating a narrative based on sentiment and feelings opposed to solid due diligence. Personally, I don't think the MM paul is diluting much at this point as he is loading. If he was diluting he would be trying to get the highest price for the shares he has. If he was trying to get out, he would be dumping a massive amount of shares on the bid. Instead, he blocks it from going any higher exhausting any buying momentum before taking it down further.
I saw a stock that was getting frontloaded all year for a massive pump with a good story. 700m shares later is a different story.
Spot on. Management and transparency makes a huge difference.
This is not tesla. Its not even ZAP Xebra.
Nick is also no Elon Musk. He put $70m of his own into the company in 2009 to save the company.
If there was demand for the tech, revenues would reflect that. They don't have to make a profit right away but revenues show demand, not patents. Hell, revenues show demand for services. How much demand do they have for their plumbing and electrical services. The loans on their two work vehicles are higher than revenues.