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M-M-M-M-M-MONSTER KILLLLLLL
Wow 100% buys. NO SELLERS. It's not over until 2 weeks have gone with no volume. Otherwise the MMs can just be playing games trying to cellarbox it. I've seen these dozens of times before. They stagnate anywhere from 2 days to 2 weeks after a big dump and then insane volume comes out of nowhere for no reason.
Wow straight back down after RS with no volume? NOBODY wants to buy it. NOBODY trusts this anymore after 3 RSes within a year... Not even Snoop Dawg can save this now...
Why use AON when the L2 shows 140 mil on the ask?
200M bid 140M ask
5%*200K/mo = 120K per year. Just enough to pay his salary and maybe some overhead expenses? So even in a totally ideal (untrue) situation, there is still nothing left for the shareholders.
Well personally I was hoping to flip it from .0001 to .0002. I'll probably have to end up selling at .0001 and break even but it's a pretty good lotto. However, this doesn't mean I think it's a good company or would go back over .0002 once it hit .0001...
I think the CEO answered emails/calls for a good reason - so he could suck in nearly 1-2 million dollars in dilution. He did very good at it. I was here in March watching the L2 when almost every day for like two weeks, he was able to sell one or more 100M blocks at .0013,.0012,.0011,.0010,.0009,and .0008 before everyone finally gave up. It was relentless. It was a slaughter. I've never seen a subpenny that could dilute so much at those levels.
Lol not only is Oronco only a 5% profit but it stopped generating revenue entirely? That's a riot... So that just leaves app revenue... for their 1 app or whatever. Gee I wonder how many See Jesus apps he's sold. 5?
Everyone should have bailed as soon as that filing came out about 95% of Oronco's revenues being expenses. THAT'S what killed it. That's when the support/accumulation around .0010 disappeared.
Then they tried so hard to make sure it was painted down with another micro-sell of $20 that it ended up going through as a form T!
$4 paint @ 3:58. Someone wants it down...
The stocks that go to no-bid are the ones that are complete scams, ghosts with no physical presence, and don't do any business at all. LKEN at least has current info and financial statements that show that it actually sells product (about $120K per year) and not just shares.
lol another promotion right now like Nov and Feb could send this back to the moon. The OS hasn't even changed since then but by like a couple hundred mil - just the float.
ETMM order cancellations are accelerating. Bid has overtaken Ask.
No sellers. Volume increasing. Ask size dropping. Bid size rising. The .0003s should be busted by EOD tomorrow.
Any fractional amount of shares after an RS are lost. You would have 0.
If Lenny is the only one left with restricted shares, and there is another promotion, and nobody left to dump on it, then this thing could get dangerous... I don't think Lenny issued himself restricted shares so that he could dump them - I think it was so he could maintain a controlling interest after the recent OS increases.
I dunno, last time the TA was called, I thought there were only 400M left restricted that weren't Lenny's. I'll have to find out from the TA tomorrow morning.
1) It is afterhours. The Ask before closing was 5 times that amount. Afterhours L2 means nothing.
2) The Ask on the L2 is represented in the hundreds. The 2mil you see is actually 200mil.
At 4PM, the Ask was roughly 1.1 Bil
What heavy hitters? Why would anyone want GTLL? What business is it doing? Have a link?
lol over 1 billion shares showing on ask. Anyone got $200K?
I wish I could trade these dead cat bounces but Scottrade has it blocked. :(
$5 MILLION DUMP settlement to MMs afterhours.
Why, so they can dump more shares?
I guess I can thank Scottrade for saving me from another bad buy.
Looks like LKEN finally broke below the lows it set after the November P&D. A new 10-year low has finally been set as well. Looks like LKEN is going into fade-away mode and will have to do an RS.
LEXG NOW BLOCKED BY SCOTTRADE
"Please contact your local branch about placing an order on this security."
wtf is with this stock. its like someone is sitting here watching me trade. every single time I buy it immediately just starts tanking down in a straight line completely out of its normal trading range.
UBSS has a 227,923,800 share sell order on the L2. lol wtf is going on with the L2 I've never seen so many nonstandardized orders on a pink at once.
MICHAEL BABY PUT THE MACHETE DOWN
The price of an inactive MM means NOTHING. MMs are obligated to fill whatever orders they post. So if they don't feel like trading, then they need to place an order so far out of the trading range that they cant possibly be called.
They could also be trying to fool you...
No. I bought this stock by mistake. I had two orders reviewed and ready. One of them was this stock for 13M shares at .0002. I was watching this one just because of the volume. I was going to buy if there was one MM left on .0002. Then there was another stock I was watching with an order reviewed and ready. The other stock started to move and I clicked in my browser and bought... the wrong stock. Somehow my browser messed up and brought up the wrong window, the one for GTLL...
It was horrible. I looked and there were still 5 or 6 MMs at .0002 - no sign of it moving any time soon. I immediately put in a sell order. Then I looked up the chart for the past several years and saw how this thing just goes down and never seems to bounce ever. The company doesn't let it bounce at all - it just dilutes to death so that nobody makes any money but them. Then I started reading all the stories on the board about the director and his other scams, his legal actions, and not showing up for his court hearings. Then a billion shares were dumped at .0001... I thought I was toast. I consider it a blessing that I got out.
There's nothing I "believe in" about GTLL. I was just watching it for the momo and a chance to take a riskless-lotto position and probably sell at .0003. I dont see what everyone is so hyped up about. There is no evidence of this thing doing any business or making any money, the director is wanted and delinquent, the charts are horrible, and billions of shares have just been diluted into the float. Can someone tell me what the big deal is?
About a billion shares have been bought at .0002 without any movement. That is not a "fake" wall. Even if it goes away, it still wasn't fake.
It's saying that GTLL is only being actively traded by a handful of MMs and the other ones are sitting out.
Every time this gets to 5.1, some MM starting with a TR gets on the ask and blocks it. Is TR the new prefix for dilutors and not V anymore?
What makes you think MMs are the ones buying billions of shares here and not investors? It is not the job of an MM to hold large positions. It is the job of an MM to be flat...
A pretty bold prediction. What makes you think it'll go straight to .0005 without having stops in .0003 and .0004? What I see here billions of shares bought at .0001 and .0002 having an opportunity to sell at .0003 for a hefty 50%-200% gain.
If the MMs give you order routing preference and you can sell at .0002 ahead of the other 2B in the queue before volume dies here, then you have WON THE LOTTO.