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Agree. I do the same. I just don't post the big board stuff because it is pointless on here.
Thanks Same to you. And I agree they messed up their IR and PRs greatly.
If they can't get volume here or higher? Yes. They will just get more shares at a cheaper exercise price and dump lower.
Hope it doesn't come to that. That is why it is pretty imperative they release something to get people interested. Details on the spin off would be a good start.
They need the volume.
Well I have to believe, unless they change the terms of the filing, right about where it is now. But bear in mind if the MMs can't unload any size at this price or higher? The financier will go back to the company and rearrange the terms of the deal and lower the exercise price from its current .0015.
Hopefully they aren't doing that as I speak after they see today's close.
You aren't alone. It is killing most people. Crypto too.
Smart choice. I still have 7 M I am really wanting to get out of. I would take .002 tbh. Luckily I did well on this all spring and summer. It was a great ATM. Otherwise I would be more upset.
Sad thing is the ATM is over. It was great while it lasted.
No T Trades today. No dilution. Maybe tomorrow but probably next Mon or Tues it starts.
You may get a little spike tomorrow if the MMs want to take it up so they can short it higher and cover at that .0015 price.
I have talked about it a few times on here but what happens in a lot of these situations is the MMs get a tranche of shares to sell for the day or week at $xxx price from the financier. They then short the stock when it goes higher than that $xxx price. The T trade you see end of day is the MMs covering that short. Then they pocket the difference between what they shorted at and the $xxx price and the financier gets the money from the sells at $xxx price.
Everybody wins. Except shareholders.
This spring I believe the financiers were getting shares at a 50% discount to the close end of week price. So if the stock closed at .002? They got shares the next day at .001. So if the MMs gave the financiers money for shares at .0014 or so, a 40% profit, they could still short at .0018 and make .0004 a share for each one they shorted.
As I said in the private message to PB, it really is the ONLY true way to make money in this game. To be a financier. A debtholder. I know of people that have loaned companies money, gotten shares at .0001, and turned around and sold at a penny or higher. That is a 10,000% profit. On a loan.
Well, the market spoke loud and clear today. It didn't like the filing. Closed right at the exercise price of the new shares about to hit.
Good thing is it probably won't go much lower as long as the .0015 price remains the price at which the financiers get their new shares. I am sure they are not very happy about the price that it closed at today as they always try to get at least 30% or so.
Bad news is I don't see much that can take this back up other than just a chart rebound. Maybe details of the spin off. But pretty obvious they don't have any real news to share.
And please for the love of God....no more PRs about a horse. I love horses but....
Wow.
It is just people getting out with the dilution filing. When you see real dilution you will see a dilutive MM on the ask with 10 K ask sizings.
You could then have millions bought at the ask at the price and the ask will never move up.
3 big dilution signs are:
Dilutive MMs on the ask
The ask getting hit that doesn't move up
After hours T trades
Look for a T trade AH. If there is one? A very big one? Then maybe you are right.
If not? You are wrong.
Pray for a T trade!!
Earliest they said it starts in the filing is Oct 14. Which is this weekend. So Monday.
I haven't seen any signs of dilution today. Plus I doubt they sell at .0015 or lower unless the filing gets changed.
That is fine. That is what makes a market.
Well today was an exception because of all the dumping. Plus dilution hasn't happened....yet.
Once people see a MM with 10 K ask size and not moving even on a 500 K or 1 M share buy?
Volume tends to drop off fast.
Like I said it would take major major news to move the stock up to .003 again,
All imo.
Actually the OS will be just over 1 Million after the latest round of dilution is complete. Assuming no additional dilution.
Current OS is 776 M.
As for a spin off ratio and price? Impossible to know. I wouldn't expect much...if it even happens.
With 250 M shares of dilution taking place? I doubt it. It was falling before the dilution filing even hit. It would take MAJOR news for anything like .003 to happen.
I don't think people realize how much 250 M shares in dilution is. Especially since the amount of volume is probably not going to be anywhere near what it was last spring now that trust is gone in company and pumpers. That puts a major cap on things.
I could see .002.......maybe.
That was the problem. Too many off topic posts not related to BDPT.
Yup my bad. I made a post 3 weeks ago or so showing my overall total buys and sells and gains in one of my accounts from BDPT. Totally forgot I had even made it.
A few days ago I asked PB to post his holdings of BDPT since he had asked for mine and I showed them. In the post that he replied to mine in, he posted a screen shot of my holdings, and also one showing 43 M shares.....which I assumed to be his since he was responding to a post asking to show his. Obviously as I said I had forgotten about the post I had made a couple weeks earlier showing those shares, and since I have never owned 43 M shares all at once, I never even guessed that was from an old post of mine that he took and posted a pic of.
To add to the confusion when I originally asked him about the 43 M shares he owned, he never denied it. Which is odd.
So yes in the end though.....my bad. But that is the series of events that took place.
In my defense I did make that post almost 3 weeks ago. :)
The mind can go when you get past 30 haha.
You know what? You are right. My bad. I had totally forgotten I had made that. That was a post showing my total shares I had bought and sold all year in that account with the total gain for the year in that specific account as well.
I will take the blame for that. And offer apologies. What a screw up on my part.
Edit
Certainly a big factor. Money markets have completely dried up, and as a result lending and funding.
But when they and others do it to me or others you don't like because of their take on BDPT, it's completely fine right?
That's what I thought.
My god lol. Have you ever heard of sarcasm? My entire point was NO, I do not believe that BDPT is fudging their numbers. As in it is ridiculous for peanutz to even trying to insinuate they were.
Ok? He insinuated it. Not me.
For one, their numbers already suck. No need to make them worse. And for two, they have the shareholders and the SEC to report to. No I do not believe they are fudging numbers.
Get off your conspiracy soapbox and grow a brain cell or 3.
You said "Are you blaming me for influencing their actions today as well?"
Why yes. Yes we are.
No dilution until December....remember?
Agree with a lot of that but not the part of in a few weeks it will just be a speed bump. For one, a lot of trust was lost in both the company and its main promoter on here, and two, it is going to take more than a few weeks to go through that amount of dilution.
Best of luck. You have always been a very good trader and a good guy.
Well, you said as a business owner, BDPT fudged some numbers. I thought that was pretty clear on your part.
Again, thanks for the clarification.
So you are saying they are also fudging numbers on their SEC 10 Qs and 10 Ks? Just making up numbers?
Are you saying they really did $1.7 M in sales and it only cost them $50 K to do it?
Why would they make their company look worse when the price of the stock had a great effect on how much financing they get and at what terms for example? And why would they make their company look worse when their shareholders have a vested interest in the stock going up?
So they are lying to their shareholders and the SEC?
Is this what you are saying?
Interesting. It's worse than I thought Thank you.
The current market cap is still $1.6 M and that is about $1.4 higher than it was this spring. What has caused a 1400% rise in the valuation of the company this year? Certainly wasn't anything the company did. They are still doing nothing...well almost nothing.
It was a PUMP. A pump that it turns out? Was based on LIES.
I think a lot of you are forgetting something and are just doing your best to support the stock. Which is fine. But there is an old saying....Don't throw good money after bad.
This stock traded at .0004 with only a 250 M OS early this year. That is 75% lower than where it still stands today. With an OS that is 400% higher today.
What has changed with the company since those months went by? Nothing. They are still doing the same thing. Which is to say.....not much. For example their total sales in 2022 was $17 K. Not $170 K. $17 K. And it took them spending $500 K to do that $17 K in sales.
Not to mention the pump is over. The pump and the promise of no dilution was why this ran all spring and summer. Well, the pump is over. But the dilution is not. 250 M more shares are about to hit starting Monday.
I would suggest anyone looking to buy this? To wait. It is not going back up anytime soon, if ever.
Explain the no cost basis?
You may have. You may not have. Time and perhaps the SEC will tell. I know a lot of people are very upset with you now because of your hi jinks here. What is VERY clear is you said a number of things concerning BDPT stock the past many months, and as a result a lot of good people are out a lot of good money because they all turned out to be false.
We can start with what you have stated 1000 times the past few months, and even yesterday. No dilution until December. Remember December??
And that is a BAMMMMMMMMMMMM FACT.
He answered it in a way that leaves it open for interpretation. A lot of times a company will work through a 3rd party to give shares to promoters and not do it directly.
He never said "I was not given shares by anyone at BDPT or a 3rd party affiliate of BDPT to promote BDPT stock".
As I said, it is impossible to have 43 M shares in an account without a cost basis unless you never bought the shares to begin with. A cost basis is the average cost per share that you bought those 43 M shares at. For example if I bought 1000 shares of xxx stock for $1000 total? My cost basis is exactly $1.
To not have a cost basis? Means the shares were given to you. Deposited into your account with no open market buying.
BTW, that PR today? On a day when the company, (and its main pumper) just screwed over its shareholders? May be the single worst, gross, fluffiest PR I have ever seen in my history of trading. My god.
The difference here is, the poster who drove everyone to this stock? PB? Lied about everything. He lied about no dilution. He lied about the company owning the patents. He lied about the spin off.
Now we find out that there is a good chance he received 10s of millions of shares to pump this stock. Free shares. Notice he will still not answer the question about if he works for the company or not? Notice how he will not answer the question as to why his stock account shows a zero cost basis for those 43 M shares? Cmon, you aren't a rookie. You know exactly what not having a cost basis for those shares means. They were free.
The fact that some here still want to defend this guy? Blowssssssssss my mind.
He scammed everyone here. Period.
No kidding. Very obvious what happened here. We got scammed by a person desperate for cash.
Very interesting. Thanks.
Well I was told it could happen as soon as mid Sept so it was actually a little behind.
Why did the do it? Well they don't have any money coming in for one. Two they saw how easy it was to get their debt bought up in May and June and so they probably want to get it done while there is still some interest left in the stock.
I hope for our sake they did it for a reason such as what you stated (something coming) but I have no big hopes for that.
So yes or no....were you compensated by BDPT, or an affiliate of BDPT...to promote the stock?
And if not, how do you account for the fact that you have a zero cost basis for the 43 M shares in your etrade account?
Did you get them through osmosis?