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LOL! Another day of dilution.
Newbie class 101 note: MM's have a pile of discounted shares (probably .20 on the dollar) and they drip these shares in when there is no volume so they can get the most out of them.
Better hope they dont flush this turd all at once ....
This POS is going to 4 digit. Nothing but dilution, its in the filings. Oh well, I dont have time to argue
Bargain time!!!! Load up!!!
Company continues to drip the dilution in. Soon this will be just another 4 digit penny turd
Another round of dilution hitting. Look out below, this turd is being flushed!
Because the whole thing is bull turds. BJ, you know me in the realm of trading, I am telling you something stinks here. I think the disclosures are a fairytale. JMO, hope I am wrong so I can break even but I dont think so ....
THIS IS THE CHURNING WE NEED! BTC was red hot and very lucky this did not have a bear raid. This is consolidation. Now, if you want to know what a chart is good for, go look at the last 2 week history. BTC is consolidating into Bulls holding longer term, waiting on the next run. I expect to see institutional buyers, that got out, get another hard on for BTC around $40K, maybe $35k, then all hell will break lose to a $100K run. FOMO will be building after $35K
Do the DD. These folks have a bag of OTC companies they pump / dilute and laundry money through. Wake the frick up and smell the proverbial coffee. SPOM is just part of that stinking turds that is going to .001. There is no "big company" , there is no "machinery" . Just another foundering turd circling the bowl , waiting for the final flush
Not sure how that is a good find, every company he is associated with is a 3 or 4 digit turd.
I am beginning to wonder if Fatty Matty at BCRAP is behind this company! lol ...
Why am I not surprised this is just one of Xia's flunkies?
https://www.marketscreener.com/business-leaders/Liangjian-Peng-0KQVJK-E/biography/
We need an APS type promo if there is any hope for this turd.
Bottom line with any OTC trader, its about money. Just like the dishonest CEO's , any trader could give a rats azz about the company. If this POS jumped to .05 , there would be a mad dash to the door to unload every share.
there is no fricking "blackout period" . Lol, the OTC is a BLACKOUT on information being released.
Let me say it again, OTC CEO'S ARE THE SCUM OF THE EARTH! They could care less about "investors" . They will dilute while telling you they are not. They hide dilution until its over. You will not see the current selling until the next filings. I expect the OS to be maxed and a 1 billion AS
I dont mess with the OTC much anymore because of POS companies like this. What was not to love about medical SPOM? Millions in cash, no dilution, game plan and now we have this turd
Where are the good old days of APS pumps?
I have more shares than most want to believe. It is a write off at this point.
The sad reality is this, SPOM is just another floundering turd in the OTC. This POS is going nowhere fast. I have tried warning. Big Juan is warning of .002 . Just one look at the L2 will show you why this POS is about to tank. Shares are stacking. Why? No one ever wants to believe this but the crooked ass CEO has already sold shares and they are selling a little bit at a time to avoid tanking the price and getting all they can for their shares they probably got at 80% discount. There is no millions in the bank, all that crap is gone with this "new company".
I have been in this for years in hopes of the medical taking off, well that shat the bed and is over.
I could only hope this pile of stink could jump to .05 but probably not. OTC fun and games from years gone by are over.
Have ya'll never seen dilution based on volume / pps? This is dilution. Thats why it does not move on volume. Its no big fricking secret. Its not shorting, its not air shares. It is the CEO selling shares. Period. He sold a pile at a discount to a MM / OTC loan shark based on certain trading conditions. Then the MM puts the algo into the trade bot and it is dilution on cruise control. WHEN COMPANIES HIDE SHARE STRUCTURE INFORMATION, REST ASSURED IT IS NOT IN THE BEST INTEREST OF THE TRADERS
SPOM should get the ticker symbol GPOS - Global Piece of Shit
BJ, you know like I do that when these OTCs hide share structure info it is usually intended and for a reason. Occasionally it might be out of ignorance. I will say this with reservations, ignorance could be the issue since they are in China.
They reported 188 million of the OTC securities page for months and everyone knows it. I saw the unaudited disclosures just like everyone else that reported a different number. Therein lies the problem, its a shell game and they are selling shares but trying to keep it under radar so the unsuspecting buyers will put money into this POS
Until we see how the shares were restricted and who they went to on what date, then there is no fricking way to make a definitive call on the selling that is happening. This POS is being diluted, bottom line. How much and how many more there are to go is anyone's guess until we get it in writing. Traders don't like this secretive crap. When the company is not forthright about share structure - THERE IS A REASON! Never forget we are dealing with rotten stinky pinkies. OTC CEOs will crap all over traders and not think twice about it. They are not our friends!
REMEMBER - THE OS was just 188 mill earlier this year. It's not a mystery where the selling is coming from!
The elusive "naked shorting" market maker is about like Big Foot. Lot of talk about it, but never enough proof!
The truth is this and you know it too Big Juan, the company is selling shares. Albeit it is a controlled dump to keep the share price from completely collapsing (probably had agreement that x amount could be sold per day vs price / volume)
This horse crap of naked short covering is just that, horse crap. It's the company.
A 120 million shares went somewhere. The problem is, we dont know where and how much. Too much smoke and mirrors. When i see attempts to cover selling, I know the company does not give a rats azz about the traders.
Here I will help, This ticker is a POS and look at the dump fest going on here! lol
Just me but I would wait, .001 will be soon enough when they start dumping into those 5 BILLION hot off the press shares!
Don't kid yourself, if they made a mistake at the OTC markets, SPOM would be on twitter in a heartbeat
They wont even answer emails, much less phones calls! lol
Share Structure 05/01/2023
Authorized Shares
4,998,000,000
Outstanding Shares
307,973,447
5 BILLION AS! lol ,,,, POS ... I should have known better .... these OTC turds are all the same
What comes next is MASSIVE DILUTION! why in the hell would they raise the AS to 5 BILLION? I can tell you why!
>>>>TRADERS BEWARE!!! THIS POS JUST RAISED THE AS TO 5 BILLION!!!<<<<
Anyone that has been in the OTC for a few years knows what comes next. LOOK OUT BELOW!!!!
Going to clear as a bell when they dump hundreds of millions of shares. They already dumped 120 million
Oh what did I say? Look right here!
SS update is going to be horrifying!
Traders are going to dump this like a pair of "crappy" drawers. Holy Crap what a SH*T show
THIS POS is done, I knew they were lying, just could not prove it until after the fact
Better salvage what you can, a damn bloodbath is coming
they have DUMPED over 100 million shares, now like I said it was no fricking mm's short on shares. It was the damn company selling off dilution!
5 BILLION OS! lol ... told ya this POS was being diluted
Feds are taking over First Republic Bank! How much longer can this printed air money ponzi scheme continue?
Crypto is the future