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The creditor wanted cash .
ONCI did not want to give them cash.
ONCI gave them stock.
The creditor now has cash.
QED.
Three 5 star reviews!
Though the third seems to be a review of On4/Hexagon moreso than the product. I mean I agree Steve Berman is a 5 star type of guy but he's not what's on sale.
There was just one at the time of my post. Apparently all I have to do is post something and Amazon 5 star reviews increase by 100%!
Completely agree.
I would add, trading stocks like ONCI based on price movement seems to be problematic to me. Penny stocks flip on a dime. There's often no readily apparent reason for huge swings in share price, unlike their larger cap cousins. OTC investing to me is more trying to find the right company with the right fundamentals and the right leadership.
Could not care less if ONCI dropped to .007 tomorrow, just so long as that was a market-influenced move and not the result of something being fundamentally wrong with the company. If the company appears to be sound and on the right track, market dips can be a great thing.
I'll add to the kudos for the great information, Mr. Freeman.
It also helps to read all the dreary financial terminology if you read it in Morgan Freeman's voice.
One review on the product. Five stars. "Amazing"
:)
8 million shares. $8,000,000 final trade would have involved around 850,000,000 million shares give or take.
Wait, are you the "downtrend is down" guy?
Also, both the 200SMA and 50SMA are still rising.
At .0007 there's the 9.6MM ask from Ameritrade and a 4.9MM ask from CSTI. I don't know which public broker CSTI serves (if any), but that looks like an individual trade as well.
Stay strong, .0007ers.
There's been a large ask, currently 9.6MM shares, at .0007 from ETRF for much of the day. ETRF services Ameritrade, so this looks like an individual investor trade. Clearly the MMs are not biting quickly on the move up from .0006 to .0007. The ETRF ask was about 15MM earlier, so there has been some movement.
NITE currently has 52MM shares stacked at .0008, against 11MM at .0006.
GM, Rimrock folks.
Looking at L2, CSTI has the 17MM block of stocks currently at .0007. I've been following this the past few weeks, and they typically haven't been right in the middle of things so this could signal a new higher base that MMs are willing to trade at. Time will tell.
NITE currently has 51MM at .0008 and 20MM at .0006.
CDEL currently has 3MM at .0008 and 23MM at .0006.
Looks like another range-bound day is in the making unless some news drops. Which is great - buy some more!
If it gets down to the 3s without any news, Ameritrade will not be able to process my buys quickly enough.
Your in depth charting experience reveals that this is headed down to about 9 cents? Good to know.
This is almost as good as the downward is down guy.
The great part about this what was the actual closing price argument is that it will be a moot point when markets open on Monday.
There's an argument to be made that the true close was the midpoint of the final bid-ask spread, which would be .01025. That's how I usually value things, though that stems in large part for my preference of options trading over stock trading.
But yah, the T-trade doesn't/shouldn't count as the "true" close for myriad reasons.
CDEL tried to get someone to bite on 400k shares at .0007 in the last few minutes of trading, to no avail. NITE was unwilling to move off of .0006/.0008.
.0008 close!
NITE's 55MM share blockade at .0008 yesterday has turned into a 55MM share blockade at .0005 today, for whatever it's worth. They still have 4MM at the .0007 ask as well.
If the extremely low volume continues today, I would be shocked to see it move out of the .0006-.0007 range it's been bounded in for some time.
Honestly, it doesn't matter if it trades at .0006 or .0007 at the moment, it's where it trades after it moves out of the range.
Now that I think about it, doesn't "downtrend going down" actually mean that the downtrend is about to reverse and go up?
What you're saying is...
downtrends don't go up?
You don't say.
"Downtrend going down."
That's great, except there isn't a strong downtrend. Dead cat bounces are much less likely to mean anything when the stock is both above the 200SMA and the 200SMA average is rising. And to boot, the stock is currently above the 50SMA, and the 50SMA is on the rise.
My prediction is that the price will be different later than it is now.
ONCI
Well when ONCI goes to $341 dollars a share...
You should change it to L3 - that's an even deeper understanding of things.
I just don't think there are a lot of eyes on this. All of the shares traded today amount to about $40,000. If and when news picks up, trading volume will increase to the point where we can see what is dumping and what is MMs trying to position themselves. I don't think that's clear yet.
It looks like NITE sold most of their wall at 7, and is now trickling back in 6. There's a lot of bid support there, but again I'm not sure there's enough interest to push past 7 today. We'll see.
No worries - you too! It definitely can pay handsomely to be in some of the extremely low cap coins. Runs ups come quickly.
Like anything else, it makes the most sense to hold a basket of cryptos, including bitcoins and a set of altcoins. Risk management and whatnot.
I'm not terribly concerned by Ripple's market cap. I think it still has plenty of room to run as banks warm up to it. I'm not sure (I'm not sure anyone is sure) what sort of maximal market cap there is on a coin.
I'm happy to own some of the major altcoins, such as Litecoin and Etherium, some midlevels, such as Lisk and Ark, and some smaller ones like Vertcoin and HempCoin. Even the odd ICO, as I am now the proud owner of a bunch of Paycentos.
But, to each their own. DD, as always, is key. As is your own risk tolerance.
It will take a lot, A LOT, of buying to get the 8's to fall. I doubt it'll happen today, but you never know.
Volume has slowed considerably since the ask went to .0008. No one is buying at that price yet.
They have straws in dentists' offices?
As others detailed yesterday, dentistry is generally a profitable, cash-based business. If you've ever carried dental insurance, chances are it was awful and you had to pay the dentist your arm and leg to pull a tooth.
Just because it isn't the same as the rest of the businesses that comprise On4/Hexagon, doesn't make it a bad fit.
I think I bought the first block of a million shares this morning and moved the price back to .0007. GM and you're welcome!
I really appreciate the back and forth here - learning a lot. Thanks!
Let's see if this is red a year from now.
You can day trade this until you're blue in the face, doesn't make a difference to most of us here.
I'm actually optimistic that the other shoe will drop soon in the form of cash from another deal.
It's really not a criticism of the company - I wouldn't expect that they would have a fully fleshed out public plan for the expansions yet, so my point is really that I would be looking for the cash that may make the expansion possible from another deal to be announced soon. So that they don't have to get into the weeds of explaining why levering is a great idea.
As an investor, when a company announces liabilities, I want to know their plan for dealing with the liabilities sooner rather than later. There are at least three different ways this could go, in relative order of favorability:
-Cash finance the expansion with money from other deals
-Lever up to finance (and hopefully not fully leveraged - there better be some cash in the deals even if most of it is financed)
-Backtrack on the expansions
If you say you're going to expand into a bunch of new locations, it is imperative that the "how" of that be answered without the expansion plans sitting out there for too long.
I think that's a great point about the cash need for such an ambitious expansion. I take it as either a good sign that another big cash-positive deal(s) is(are) about to go through, or a bad sign that the company will need to lever up. Time will tell on that.
Hopefully not much time, though.
Was anyone else kind of underwhelmed by the Chick Chick Boom game? My kids liked the look of it, but it is pretty derivative of a number of other games, and there were a few odd mistakes. Such as being given direction to "connect the fruits" - the game has farm animals, not fruit best as I can tell.
There were also new challenge components added before it was explained what to do with them. For instance, on about level 5, there were block things added that you had to clear to win the board, but then on level 6, the blocks were "introduced" like they hadn't been part of the game before.
The game description in the app store was quite clumsily written as well. For lack of a better way of describing it, it seems to have been written by someone whose first language is not English.
Not saying the game can't become good, and as I said my kids liked it, but it still needs a lot of work IMO.
We haven't missed the opening date of snakes or the audit dates
I bought in at .17 and really hasn't gone anywhere in 2 months.