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only 95k traded so far, looks like the hype is wearing off.
you know a real trader isn't always long, right?
she is, she knows when it's time to sell. this thing could blow any moment. CGRW is already leading the way.
Here come the insider sales. Two filings today.
Barrameda selling every SINGLE day for the past week, of course. She still has about 5 million shares to go.
And what have we here, the CFO suddenly starts reporting insider sales he made in JULY. is that legal you might ask, no of course not. A matter of time before the SEC acts.
well, every downside has an upside i guess.
now that MGT is going OTC they can do that ridiculous deal of theirs with the D-Vasive acquisition and the tens of millions of shares being used. Nobody telling them what they can and can't do. Good times.
oh sorry, my last post wasn't aimed at you obviously...
just wondering if you have noticed that one guy selling blocks of 10K shares every 10 cents up over and over again to overexcited investors like yourself?
btuuq did 10M in turnover so far. one bond did 32M, another 21.5M, a third 10.8M
explain to my how this is a "American Airline BK", what are the similarities exactly?
"power zone" what does that even mean?
from investopedia: "Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore may be primed for a trend reversal or corrective pullback in price"
good luck with your 73 rsi.
i asked you for an example to back up what you said; you reply something about a golden goose.. but where's the example?
ok, then give me a cannabis play that went to a billion dollar cap while trading 500K - 1M shares a day? those plays you saw had a 99,9% lockup of the float. CBDS float might be small, but not that small.
bonds doing a little bit better today. The '41 issue now trading at 11 cents on the dollar; when that goes up 900%, yes, then we can start talking about the shares surviving.
yeah just keep adding your position in this company worth maybe 500K but trading with a 115M !!! market cap. sounds very smart.
back to 4?? this thing is worth a penny max.
i could start a webshop tomorrow, and sell other people's CBD products, and do about 75K in sales a year. would that make me worth even 1 M (let alone 100M) .. no of course not
not really. they (all of them, gravel, tobias and barrameda) are notoriously late filers, sometimes lagging up to 3 weeks. they sell so much and so often, they apparently don't want to bother filing every day. but i think officially they should file next business day. but added to all the other shady stuff cbds is doing, it's likely a minor offence.
not sure if you realize MDBX went to 90 on 5000 shares volume a day. Vinny, or whatever his mobster name was, had locked up 99% of the shares. he tried a similar thing with PNPL this year, again locking up the entire float.
Both MDBX and CBDS are scams, they are similar in that respect, but that's about it. Volume is not your friend here, the more volume the sooner this will fall.
president grant?
she's doing what?
outstanding shares = not the tradeable float.
outstanding shares are 18 million, the float is much much less, because for example a few majority shareholders hold millions of shares. they have been selling all year, and will have speeded up their selling now. you get it? the shares available for trade are becoming more and more... more offer, same or less demand, see where this is going?
i'm not even going to comment on the 100M OS remark. CBDS trades a few 100K a day.
no i can't.
some bonds trade pennies on the dollar, and these things trade millions / tens of millions a day. bondholders get paid before stockholders.
if bondholders think they may get nothing or at most a few pennies, a 3M high volume day on the common stock means absolutely zero.
anyone "who knows more" about Peabody perhaps being worth more, would first bid up the bonds (and make a 1000% in the process), and only then would he buy stock.
today the stock goes up and the bonds don't (or at leasy, not by much). someone is trying to unload worthless stock, that's all this is.
those fake 10.000 shares on the bid not really doing the trick anymore it seems.
have you noticed the volume getting bigger each day? that's the float getting bigger and bigger. how long you think people will still buy that whole ridiculous cannabis-vote thing? how long you think fundamentals will start to matter again? i give it 2 days max.
and a float that gets bigger day after day after day because of the insiders that are dumping their shares to you. sounds attractive doesn't it
it's a company with 50K in sales, two employees and absolutely nothing that suggests they have anything to gain by legalization. the few products they do sell are already legal across the US, and btw, not even produced by them. it's a hoax, a scam, nobody gives a * about a 3 star rating, and hardly anyone knows who Gary Johnson is (and in two months time nobody will still know him).
the company is filled with suspicious characters and now has crossed the 100M market cap-line. the SEC doesn't think cannabis + a ridicoulous marketcap + people with bad histories are a particularly good match.
yeah right. if this stock goes much higher, it likely will get halted by the SEC. If Barrameda and Tobias have any sort of brain, they keep this thing stabil while selling as much as they can of the millions of shares they have in their account just waiting to be sold to gullible daytraders. When it gets halted, everybody will have lost everything.
have you even looked at the balance sheet lately?
not because this "company" is actually worth anything, that's for sure.
well that somebody should have paid better attention in finance class.
several BTU bonds are still doing less than 10 cents on the dollar, and they get paid way way way before any commons. if you know "something", buy those, but that's not really happening.
the big picture is this is a very distressed company. they agreed to this type of extremely toxic financing for a reason; they have no choice. they'll burn through this money in no time, and then another extremely dilutive financing. no way this will go towards 10.
they don't update that website when they say they do. every day the update is about 3-4 hours into the next trading day.
i wouldn't be surprised if they again didn't convert, but it's a matter of time. slowly selling into the rally? they're still sitting on 5 M shares on a 4 M float, there's no way to "slowly sell" that; the only way you get rid of that is by dumping. if they wait too long the daytraders and flippers will leave the stock, liquidity will drop and they'll be unable to sell. this is a very temporary pause, they will have to start dumping again sooner rather than later.
if you look at the share count on the RGSE website, yesterday there have been no conversions. Today there might not have been any conversions either. They're still sitting on ~5 million shares they want to sell on what's now a 4.5M float, that's a double. They're just waiting for you guys to regain your confidence to wipe you out.
Anybody buying this before the share count hits at least 7-8 million is out of their mind.
Really, MGT should just delist to the Pink Sheets. It belongs there in every possible way.
sure, they can (and will) issue whatever they like
it's difficult for me how you guys do not understand someone is sitting on 6 MILLION shares (on a 4M float). every spike will either be sold into, or used to dump later.
still about 6 million shares to go, read the filings.. the fun is just beginning.
dilution will be finished when the outstanding shares are appr. 10 M (unless the RGSE stock price drops below $ 1.70).
we're now at what? 4 million? so still 6 million shares to go.
if they can't issue shares, HOW will they do the deal?
buying with cash??? where does it say "buying with cash" exactly?
MGT not even has any cash.
haha ok so you think if those guys are not able to get 43 million shares for their worthless apps, they'll just give it to MGT for free? out of sheer altruism?