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Any of you guys try to call Canteck at (626) 429-4948 ?
Would be nice to know if they even heard of Bassline Productions/Reve Technologies.
Look at this:
http://otcshortreport.com/index.php?index=BSSP&action=view
This says only 21.91% of shares were sold short today.
What that actually means is that the majority of the shares sold were in someone's account and settled.
Now, since it's been a couple of days since it's started, some people who bought on the 25th and sold today don't get counted as selling short ... but there is a big pile of noteholders who have held on and when they sell .... they don't get counted as selling short either.
Yes, 21.9% of 546,935,790 is still close to 120 Million shares. But when you consider that people who haven't held shares to settlement of purchase are counted as selling short .... well, 22% isn't much.
I would love to see this end well ... it's just kind of hard to believe that it's possible.
This is why updates are needed.
Well, if there is no deal .... guess what the shares are worth?
Before April 25 the stock had not traded above 0.0003 since Nov 2015.
I hope that things go well, but lots of things point otherwise.
When PRs say you have to hold to some date to get something it's usually not the best thing to hold thinking that it will come true 100% of the time.
People hold thinking something good will happen while the noteholders get to sell their previously worthless shares.
Still, there may be something good at the end of the tunnel here.
But if nothing come by Tuesday ... might be pretty bad as people realize the true value of the shares they own.
Any thoughts on the stair stepping orders?
I am referring to:
10,200
20,400
40,800
81,600
It seems it happened 9 times during the deep dive.
Just seems like an odd order size.
I am lead to believe that most non-noteholders are holding and not selling.
I wonder if some of the trades were out of sequence trades
Did anyone here place a trade that didn't show up when you made it?
It could be that someone sold short shares and decided to nosedive it to cover.
However seeing 9 Million share size orders worry me because that seems to be a popular amount for dilution (no idea why though).
Can anyone post the stuff around the freaky times? Here is what I have (which skips the hiccup):
Trades for BSSP on 20160429 - 372 trades displayed
Time ET Ex Price Change Volume
16:06:48 Q 0.0004 -0.0001 18,000
16:06:45 Q 0.0004 -0.0001 2,000
15:54:54 Q 0.0004 -0.0001 1,863,925
15:54:49 Q 0.0004 -0.0001 1,000,000
15:53:21 Q 0.0004 -0.0001 998,000
15:53:13 Q 0.00033 -0.00017 40,000,000
15:53:13 Q 0.00033 -0.00017 90,000,000
15:49:02 Q 0.0003 -0.0002 67,540
15:48:08 Q 0.0004 -0.0001 50,000
15:46:49 Q 0.0003 -0.0002 949,200
15:46:40 Q 0.0003 -0.0002 28,983,260
15:46:30 Q 0.0004 -0.0001 347,500
15:43:48 Q 0.0004 -0.0001 950,000
15:41:54 Q 0.0004 -0.0001 500,000
15:39:40 Q 0.0003 -0.0002 465,306
15:38:40 Q 0.0003 -0.0002 10,000
15:38:32 Q 0.00028 -0.00022 10,000
15:38:32 Q 0.00028 -0.00022 10,000
15:38:29 Q 0.0003 -0.0002 20,400
15:38:22 Q 0.0003 -0.0002 10,200
15:38:18 Q 0.0003 -0.0002 10,200
15:38:16 Q 0.0003 -0.0002 498,334
15:38:12 Q 0.0003 -0.0002 2,501,666
15:37:44 Q 0.0003 -0.0002 500,000
15:37:42 Q 0.0003 -0.0002 1,136,800
15:37:41 Q 0.0003 -0.0002 3,636,800
15:37:40 Q 0.0003 -0.0002 273,600
15:37:40 Q 0.0003 -0.0002 263,200
15:37:39 Q 0.0003 -0.0002 100,000
15:37:38 Q 0.0003 -0.0002 100,000
15:37:37 Q 0.0003 -0.0002 100,000
15:37:34 Q 0.0003 -0.0002 100,000
15:37:34 Q 0.0003 -0.0002 100,000
15:37:33 Q 0.0003 -0.0002 100,000
15:37:30 Q 0.0003 -0.0002 100,000
15:37:29 Q 0.0003 -0.0002 100,000
15:37:29 Q 0.0003 -0.0002 100,000
15:37:24 Q 0.0003 -0.0002 300,000
15:37:22 Q 0.0003 -0.0002 100,000
15:37:21 Q 0.0003 -0.0002 81,600
15:37:20 Q 0.0003 -0.0002 100,000
15:37:14 Q 0.0003 -0.0002 40,800
15:37:13 Q 0.0003 -0.0002 100,000
15:37:12 Q 0.0003 -0.0002 100,000
15:37:10 Q 0.0003 -0.0002 20,400
15:37:09 Q 0.0003 -0.0002 100,000
15:37:08 Q 0.0003 -0.0002 100,000
15:37:07 Q 0.0003 -0.0002 10,200
15:37:04 Q 0.0003 -0.0002 100,000
15:37:04 Q 0.0003 -0.0002 10,200
15:37:03 Q 0.0003 -0.0002 100,000
15:37:01 Q 0.0003 -0.0002 81,600
15:36:59 Q 0.0003 -0.0002 40,800
15:36:58 Q 0.0003 -0.0002 100,000
15:36:57 Q 0.0003 -0.0002 1,000,000
15:36:57 Q 0.0003 -0.0002 20,400
15:36:54 Q 0.0003 -0.0002 10,200
15:36:53 Q 0.0003 -0.0002 100,000
15:36:50 Q 0.0003 -0.0002 10,200
15:36:46 Q 0.0003 -0.0002 50,000
15:36:46 Q 0.0003 -0.0002 1,200,000
15:36:45 Q 0.0003 -0.0002 100,000
15:36:34 Q 0.0003 -0.0002 5,000
15:36:18 Q 0.0003 -0.0002 100,000
15:36:18 Q 0.00029 -0.00021 5,000
15:36:00 Q 0.0003 -0.0002 100,000
15:35:55 Q 0.0003 -0.0002 14,432,800
15:35:53 Q 0.0003 -0.0002 81,600
15:35:50 Q 0.0003 -0.0002 40,800
15:35:48 Q 0.0003 -0.0002 20,400
15:35:48 Q 0.0003 -0.0002 100,000
15:35:46 Q 0.0003 -0.0002 10,200
15:35:43 Q 0.0003 -0.0002 10,200
15:35:40 Q 0.0003 -0.0002 100,000
15:35:36 Q 0.0003 -0.0002 100,000
15:35:35 Q 0.0003 -0.0002 2,000,000
15:35:30 Q 0.0003 -0.0002 100,000
15:35:27 Q 0.0003 -0.0002 100,000
15:35:23 Q 0.0003 -0.0002 100,000
15:35:21 Q 0.0003 -0.0002 10,000
15:35:21 Q 0.0003 -0.0002 60,133
15:35:19 Q 0.0003 -0.0002 100,000
15:35:17 Q 0.0003 -0.0002 100,000
15:35:15 Q 0.0003 -0.0002 81,600
15:35:14 Q 0.0003 -0.0002 100,000
15:35:09 Q 0.0003 -0.0002 100,000
15:35:07 Q 0.0003 -0.0002 40,800
15:35:06 Q 0.0003 -0.0002 20,400
15:35:05 Q 0.0003 -0.0002 100,000
15:35:02 Q 0.0003 -0.0002 10,200
15:35:01 Q 0.0003 -0.0002 100,000
15:34:58 Q 0.0003 -0.0002 10,200
15:34:57 Q 0.0003 -0.0002 100,000
15:34:53 Q 0.0003 -0.0002 81,600
15:34:52 Q 0.0003 -0.0002 40,800
15:34:46 Q 0.0003 -0.0002 20,400
15:34:43 Q 0.0003 -0.0002 10,200
15:34:39 Q 0.0003 -0.0002 10,200
15:34:29 Q 0.0003 -0.0002 10,000
15:34:29 Q 0.0003 -0.0002 26,800
15:34:25 Q 0.0003 -0.0002 100,000
15:34:20 Q 0.0003 -0.0002 100,000
15:34:19 Q 0.0003 -0.0002 100,000
15:34:18 Q 0.0003 -0.0002 81,600
15:34:16 Q 0.0003 -0.0002 40,800
15:34:15 Q 0.0003 -0.0002 100,000
15:34:14 Q 0.0003 -0.0002 10,000
15:34:14 Q 0.0003 -0.0002 50,133
15:34:09 Q 0.0003 -0.0002 20,400
15:34:08 Q 0.0003 -0.0002 100,000
15:34:07 Q 0.0003 -0.0002 10,200
15:34:06 Q 0.0003 -0.0002 100,000
15:34:04 Q 0.0003 -0.0002 10,200
15:34:02 Q 0.0003 -0.0002 100,000
15:33:58 Q 0.0003 -0.0002 100,000
15:33:57 Q 0.0003 -0.0002 100,000
15:33:54 Q 0.0003 -0.0002 81,600
15:33:53 Q 0.0003 -0.0002 1,000,000
15:33:52 Q 0.0003 -0.0002 100,000
15:33:51 Q 0.0003 -0.0002 40,800
15:33:50 Q 0.0003 -0.0002 20,400
15:33:48 Q 0.0003 -0.0002 100,000
15:33:46 Q 0.0003 -0.0002 10,200
15:33:44 Q 0.0003 -0.0002 100,000
15:33:43 Q 0.0003 -0.0002 10,200
15:33:40 Q 0.0003 -0.0002 100,000
15:33:34 Q 0.0003 -0.0002 100,000
15:33:34 Q 0.0003 -0.0002 4,980,000
15:33:31 Q 0.0003 -0.0002 10,000
15:33:31 Q 0.0003 -0.0002 86,800
15:33:29 Q 0.0003 -0.0002 100,000
15:33:29 Q 0.0003 -0.0002 10,000
15:33:28 Q 0.0003 -0.0002 100,000
15:33:25 Q 0.0003 -0.0002 100,000
15:33:25 Q 0.0003 -0.0002 1,700,000
15:33:23 Q 0.0003 -0.0002 100,000
15:33:22 Q 0.0003 -0.0002 81,600
15:33:20 Q 0.0003 -0.0002 81,600
15:33:19 Q 0.0003 -0.0002 10,000
15:33:18 Q 0.0003 -0.0002 40,800
15:33:18 Q 0.0003 -0.0002 40,800
15:33:16 Q 0.0003 -0.0002 20,400
15:33:14 Q 0.0003 -0.0002 100,000
15:33:13 Q 0.0003 -0.0002 1,000,000
15:33:13 Q 0.0003 -0.0002 20,400
15:33:10 Q 0.0003 -0.0002 10,200
15:33:09 Q 0.0003 -0.0002 1,000,000
15:33:08 Q 0.0003 -0.0002 10,200
15:33:06 Q 0.0003 -0.0002 100,000
15:33:05 Q 0.0003 -0.0002 10,200
15:33:03 Q 0.0003 -0.0002 10,200
15:33:02 Q 0.0003 -0.0002 10,000
15:33:02 Q 0.0003 -0.0002 76,800
15:33:00 Q 0.0003 -0.0002 100,000
15:32:56 Q 0.0003 -0.0002 100,000
15:32:55 Q 0.0003 -0.0002 100,000
15:32:51 Q 0.0003 -0.0002 100,000
15:32:50 Q 0.0003 -0.0002 100,000
15:32:46 Q 0.0003 -0.0002 100,000
15:32:44 Q 0.0003 -0.0002 100,000
15:32:40 Q 0.0003 -0.0002 100,000
15:32:40 Q 0.0003 -0.0002 100,000
15:32:35 Q 0.0003 -0.0002 100,000
15:32:34 Q 0.00028 -0.00022 5,000
15:32:34 Q 0.0003 -0.0002 100,000
15:32:33 Q 0.00028 -0.00022 5,000
15:32:33 Q 0.00028 -0.00022 5,000
15:32:33 Q 0.0003 -0.0002 81,600
15:32:30 Q 0.0003 -0.0002 40,800
15:32:29 Q 0.0003 -0.0002 100,000
15:32:26 Q 0.0003 -0.0002 20,400
15:32:24 Q 0.0003 -0.0002 3,000,000
15:32:22 Q 0.0003 -0.0002 10,000
15:32:21 Q 0.0003 -0.0002 100,000
15:32:20 Q 0.0003 -0.0002 10,200
15:32:18 Q 0.0003 -0.0002 10,200
15:32:15 Q 0.0003 -0.0002 100,000
15:32:09 Q 0.0003 -0.0002 100,000
15:32:08 Q 0.0003 -0.0002 3,487,067
15:32:05 Q 0.0003 -0.0002 3,333,333
15:32:03 Q 0.0003 -0.0002 3,410,200
15:32:00 Q 0.0003 -0.0002 3,410,200
15:31:13 Q 0.0003 -0.0002 1,900,000
15:30:07 Q 0.0003 -0.0002 110,000
15:29:59 Q 0.0003 -0.0002 5,000,000
15:29:55 Q 0.0003 -0.0002 2,000,000
15:29:51 Q 0.0003 -0.0002 8,116,115
15:29:46 Q 0.0003 -0.0002 500,000
15:29:36 Q 0.0003 -0.0002 458,885
15:29:32 Q 0.0003 -0.0002 604,000
15:29:27 Q 0.0004 -0.0001 4,000,000
15:29:13 Q 0.0003 -0.0002 860,000
15:28:52 Q 0.0003 -0.0002 1,000,000
15:28:39 Q 0.0003 -0.0002 5,000
15:28:34 Q 0.0003 -0.0002 495,000
15:28:25 Q 0.0003 -0.0002 5,000
15:28:07 Q 0.0003 -0.0002 1,813,256
15:28:07 Q 0.0003 -0.0002 3,186,744
15:27:51 Q 0.0003 -0.0002 1,500,000
15:27:43 Q 0.0003 -0.0002 4,050,000
15:26:48 Q 0.0003 -0.0002 5,000
15:26:32 Q 0.0003 -0.0002 6,450,000
15:26:30 Q 0.0003 -0.0002 1,500,000
15:26:29 Q 0.0003 -0.0002 10,000
15:26:23 Q 0.0003 -0.0002 10,000
15:26:19 Q 0.0003 -0.0002 400,000
15:26:17 Q 0.0003 -0.0002 1,979,000
15:26:17 Q 0.0003 -0.0002 1,016,000
15:26:16 Q 0.0003 -0.0002 962,082
15:26:10 Q 0.0003 -0.0002 1,016,000
15:26:06 Q 0.0003 -0.0002 2,500,000
15:26:04 Q 0.0003 -0.0002 4,901
15:26:04 Q 0.0003 -0.0002 99
15:26:04 Q 0.00031 -0.00019 5,000
15:26:01 Q 0.0003 -0.0002 3,525,000
15:25:58 Q 0.0003 -0.0002 2,000,000
15:25:51 Q 0.0003 -0.0002 5,500,000
15:25:46 Q 0.0003 -0.0002 5,999,900
15:25:44 Q 0.0003 -0.0002 1,334,999
15:25:42 Q 0.0003 -0.0002 9,000,000
15:25:41 Q 0.0003 -0.0002 9,000,000
15:25:32 Q 0.000297 -0.000203 38,296,981
15:24:42 Q 0.0004 -0.0001 1,500,000
15:22:01 Q 0.0004 -0.0001 600,000
15:21:07 Q 0.0004 -0.0001 2,000,000
15:20:23 Q 0.0004 -0.0001 5,000
15:19:51 Q 0.000396 -0.000104 47,531,819
15:19:41 Q 0.0004 -0.0001 2,475,000
15:19:41 Q 0.0004 -0.0001 2,500,000
15:19:27 Q 0.0004 -0.0001 200,000
15:19:23 Q 0.0004 -0.0001 800,000
15:19:23 Q 0.0004 -0.0001 4,326,743
15:19:19 Q 0.0004 -0.0001 8,326,743
15:19:17 Q 0.0004 -0.0001 9,000,000
15:19:15 Q 0.0004 -0.0001 9,000,000
15:19:08 Q 0.0004 -0.0001 3,280,000
15:19:06 Q 0.0004 -0.0001 2,833,333
15:19:06 Q 0.0004 -0.0001 1,000,000
15:19:06 Q 0.0004 -0.0001 9,000,000
14:45:50 Q 0.0005 900,000
14:45:48 Q 0.00048 -0.00002 10,000
14:45:21 Q 0.0005 500,000
14:44:56 Q 0.0005 836,800
14:44:55 Q 0.0005 100,000
14:44:43 Q 0.0005 100,000
14:44:35 Q 0.0005 100,000
14:44:28 Q 0.0005 100,000
14:44:10 Q 0.0005 100,000
14:43:58 Q 0.0005 100,000
14:43:44 Q 0.0005 100,000
14:43:31 Q 0.0005 100,000
14:43:26 Q 0.0005 100,000
14:43:15 Q 0.0005 100,000
14:43:14 Q 0.0005 81,600
14:43:12 Q 0.0005 40,800
14:43:08 Q 0.0005 20,400
14:43:06 Q 0.0005 10,200
14:43:02 Q 0.0005 10,200
14:42:09 Q 0.0005 900,000
14:42:04 Q 0.00048 -0.00002 10,000
14:41:32 Q 0.0005 900,000
14:41:29 Q 0.00048 -0.00002 10,000
14:38:49 Q 0.0005 980,000
14:38:48 Q 0.0005 10,000
14:38:30 Q 0.0005 10,000
14:38:19 Q 0.0005 10,000
14:38:07 Q 0.0005 10,000
14:35:48 Q 0.0005 470,000
14:35:37 Q 0.0005 10,000
14:32:13 Q 0.0005 800,060
14:31:51 Q 0.0005 389,999
14:31:43 Q 0.0005 10,000
14:31:31 Q 0.0005 990,000
14:31:25 Q 0.0005 10,000
14:31:05 Q 0.0005 399,999
14:30:57 Q 0.0005 10,000
14:27:36 Q 0.0005 500,000
14:27:34 Q 0.0005 10,000
14:15:15 Q 0.0005 400,000
14:07:48 Q 0.0005 800,000
14:07:43 Q 0.0005 10,000
14:06:17 Q 0.0005 390,000
14:06:09 Q 0.0005 10,000
14:04:43 Q 0.0005 1,000,000
14:03:58 Q 0.0005 400,000
14:02:21 Q 0.0005 359,782
13:49:55 Q 0.0005 250,000
13:49:32 Q 0.0005 10,000
13:49:22 Q 0.0005 10,000
13:49:12 Q 0.0005 470,218
13:20:14 Q 0.0005 500,000
13:06:17 Q 0.0005 1,000,000
13:02:51 Q 0.0005 860,000
13:02:49 Q 0.0005 4,000,000
13:02:48 Q 0.0005 1,000,000
12:41:26 Q 0.0006 0.0001 1,000,000
12:40:12 Q 0.0006 0.0001 3,850,000
12:39:38 Q 0.0006 0.0001 2,486,672
12:39:34 Q 0.0006 0.0001 1,363,328
12:39:29 Q 0.0006 0.0001 1,000,000
12:39:29 Q 0.0006 0.0001 2,000,000
12:39:29 Q 0.0006 0.0001 200,000
12:36:37 Q 0.0005 1,000,000
12:35:16 Q 0.0005 685,579
12:19:50 Q 0.0005 98
12:19:30 Q 0.0005 1,200,000
12:19:27 Q 0.0005 2,000,000
12:18:19 Q 0.0005 489,999
12:17:39 Q 0.0005 5,910,000
12:12:12 Q 0.0005 50,000
12:11:17 Q 0.0005 1,000,000
12:10:29 Q 0.0005 900,000
12:05:18 Q 0.00055 0.00005 1,000
11:59:41 Q 0.0006 0.0001 660,000
11:55:17 Q 0.0005 1,000,000
11:54:27 Q 0.0006 0.0001 400,000
11:46:50 Q 0.0006 0.0001 340,000
11:28:17 Q 0.000577 0.000077 21,500
11:21:10 Q 0.0006 0.0001 800,000
11:02:08 Q 0.0006 0.0001 858,000
10:54:54 Q 0.0006 0.0001 89,999
10:54:54 Q 0.00055 0.00005 10,000
10:54:27 Q 0.0006 0.0001 109,900
10:52:31 Q 0.0006 0.0001 500,000
10:49:45 Q 0.0006 0.0001 1,930,000
10:49:43 Q 0.0006 0.0001 570,000
10:46:30 Q 0.0006 0.0001 1,450,000
10:28:18 Q 0.0007 0.0002 1,000,000
10:18:30 Q 0.0007 0.0002 120,000
10:13:47 Q 0.0007 0.0002 150,000
10:12:18 Q 0.0007 0.0002 500,000
10:09:51 Q 0.0007 0.0002 120,000
10:05:04 Q 0.0007 0.0002 190,000
10:02:22 Q 0.0006 0.0001 357,500
10:02:22 Q 0.0006 0.0001 60
10:02:17 Q 0.0006 0.0001 10,200
10:02:14 Q 0.0006 0.0001 9,000
10:02:11 Q 0.0006 0.0001 450,000
10:02:07 Q 0.0006 0.0001 3,583,400
09:58:58 Q 0.0006 0.0001 650,000
09:57:17 Q 0.0007 0.0002 400,000
09:53:48 Q 0.0007 0.0002 500,000
09:49:47 Q 0.0006 0.0001 542,000
09:48:16 Q 0.0006 0.0001 258,000
09:48:16 Q 0.0006 0.0001 200,000
09:48:09 Q 0.0006 0.0001 435,000
09:47:33 Q 0.0006 0.0001 39,800
09:47:33 Q 0.0006 0.0001 1,950,000
09:47:14 Q 0.0006 0.0001 500,000
09:47:14 Q 0.0006 0.0001 500,000
09:47:04 Q 0.0006 0.0001 500,000
09:46:52 Q 0.0006 0.0001 500,000
09:46:50 Q 0.0006 0.0001 500,000
09:46:42 Q 0.0006 0.0001 500,000
09:46:04 Q 0.0006 0.0001 250,000
09:44:33 Q 0.0006 0.0001 1,000,000
09:44:32 Q 0.0006 0.0001 4,000,000
09:44:31 Q 0.0006 0.0001 500,000
09:44:30 Q 0.0006 0.0001 500,000
09:44:30 Q 0.0006 0.0001 500,000
09:44:30 Q 0.0006 0.0001 500,000
09:44:30 Q 0.0006 0.0001 480,000
09:43:33 Q 0.0006 0.0001 3,000,000
09:40:34 Q 0.0006 0.0001 1,000,000
09:38:01 Q 0.0005 100,000
09:37:57 Q 0.0005 71,900
09:37:39 Q 0.0005 979,998
09:37:37 Q 0.0005 20,002
09:36:04 Q 0.0005 758,000
09:36:03 Q 0.0005 2,000,000
09:30:41 Q 0.0005 1,000,000
09:30:13 Q 0.0005 700,000
The reality is this:
The 8-K specifically mentioned the closing date of April 28 (give or take a few days).
What that announcement did was create a reason to buy and hold.
During that hold period the stock would rise in price because people believe that something fantastic would come.
That allowed noteholders who converted - this is in the 8-K - to sell without worry that shareholders would bail. The share buyers thought something fantastic was coming .... it would be crazy to sell.
As I said before, the only reason this ought to move is if there is an update and the deal closes.
Now, could today's move be manipulation? It could be.
But unless we get news .... it seems more like noteholders bailing.
Good Morning all.
Still waiting on updates.
Seems to be building a base but I am not sure decent 0.00s (higher than 0.0011) are attainable without closing of transaction.
The issue is VNDM (and others)
Without update/clarification, it will be hard to smack them off.
It's hard to justify buying and holding more when the noteholders are bailing and not waiting for good news.
With Van Damme (VNDM) on the ask, it doesn't really matter.
Pretty sure he was showing 100 Million.
The reason we need information is because Van Damme (VNDM) decided to drop in.
Making B-Action movies is no longer a money making thing so now he has to sell shares to make a living.
If the 8-K mentioned a date further away, I would be less concerned. But it specifically mentioned April 28.
Need an update to cruise into the 0.00s
Otherwise we just get roundhouse-kicked down by Van Damme.
0.0003 x 0.0005
Short % seemed low. Pretty sure that's indicative of people selling *settled shares.
35% of close to 390 Million is still a lot of shares though.
Profit taking when you are up 500% seems reasonable though.
*Edit, I meant low short % = people selling settled shares. Sorry for the confusion by saying non-settled ... that would be the opposite.
Buy and sell is determined by where the bid/ask is at time of trade.
It's coded as a buy because it happened at 0.0005 which is where the Ask was.
If the Bid was 0.0003 and the Ask was 0.0006 the 89 Million at 0.0005 would be coded as ? Volume.
A pre-determined buy or sell still involves a buyer and a seller.
A pertinent question could be ... where those 89 Million sold to the public today (that is they were sold short) or where they sold to one buyer (who will later sell)?
Short % today seems low, so the latter seems more possible given the 0.0005 price. But, it could be that someone sold short and negotiated a price now. Seems a little ill-advised if they think the share price will fall, but maybe paying 0.0005 today is better than paying 0.005 in the near-future.
But the fact that the short % was low today also seems strange because technically if you bought shares from Monday and sold today .... you are technically short.
Low short % is indicative of someone holding more than 3 days selling.
This is why I personally believe debtholders did a lot of the selling today.
As I said before, a lot of people are holding hoping the transaction closes.
This creates a great opportunity for debtholders who have converted.
So, personally I want to see the transaction go through because otherwise this play will likely be toast if it doesn't.
Not sure if debtholders selling is good or bad.
CJ and others, what do you think of what I posted earlier?
Today we see a T-Trade of close to 89,000,000
The 8-K makes mention of $41,698 being needed to bring filings current.
89,000,000 times 0.0005 = $44,500
Could today's T-Trade be the company gathering the funds needed to bring filings current?
This would be important as the company needs to pay to bring the filings up to date so that Canteck can be merged into the company.
Possibility that the deal is closed and the company just needs to bring filings up to date for proper merger?
Also, 89,000,000 shares at 0.0005 = $44,500
This is very close to the $41,698 I mentioned previously.
Could it be that VNDM piled on selling shares that have provided the company with money needed for closing costs?
Hmm .... this seems like an interesting possibility.
The debtholders already converted and hold shares.
The 8-K states that with the shares given to Canteck, there is already 4.1 Billion shares.
If you read the 8-K, the company needs another $41,698 to bring filings current and other costs associated with the closing.
If we assume a conversion price of 0.0001 for that, we are looking at 416,980,000 additional shares.
If you think 0.0003 is the conversion price, still need close to 140,000,000 shares.
Canteck won't be selling shares, they are looking to go public.
We need confirmation of closing, otherwise this has just been a pump for old debtholders.
The 8-K document said April 28th is the closing date .... we need confirmation otherwise this stock is a dead man walking.
So, no one else wants to talk about the elephant in the room?
The 8-K mentions April 28th as the closing date.
It's kind of important because before the 8-K, the company was no bid.
If nothing is announced, shouldn't the shares be worth what they were before the 8-K?
Look, BSSP has a great potential, but the 8-K told people what would happen.
The 8-K said the transaction would close April 28th.
This creates a reason to hold the stock.
This means that people will hold expecting good news to happen.
The 8-K also said that essentially zero-costing shares where given to old debtholders.
Those debtholders have shares that cost them nothing while people are willing to hold shares. This means that debtholders will be given a great opportunity to unload.
VNDM represents the debtholders and they decided to cash out while people hold for closing.
This setup happens so often in OTC stocks that it's easy to anticipate what will happen.
Now, will the transaction close tomorrow? I have no idea.
But, I traded knowing that others would hold hoping that they would be rewarded.
Unfortunately, if the company does not announce closing in the morning, more people will be dumping shares.
This is the reality of a triple zero stock with a stated event and a specified day.
If the event doesn't come through ... guess what you own is worth?
Don't get mad at the words I write, you are the one who bought a stock that has three zeroes to the right of the decimal. (0.000)
This isn't directed at anyone in particular.
The recent 8-K says a reverse merger is happening.
BSSP is acquiring Canteck, but because they are giving more than 50% of the shares to Canteck, Canteck is actually acquiring the company.
This is one way that a private company can become a public one.
Today's 8-K is the first mention of the transaction, so old information will likely show up while looking into REVE Technologies/BSSP.
Lots of people were stuck buying previously - the stock had no bid for awhile - and that's why there is some animosity.
Could go either way ... up to you to decide what you want to do.
Unsure of what to think.
I think yesterday's plunge likely scared off some potential buyers.
So, to those guys that have a direct link - is news coming today?
I mean financials indicated there are 19 investor firms involved - surely one of them has someone on this board and has a link to the CEO, right?
Because the TA is gagged, please ask for an updated Share Structure each time.
When the company shows that there is 0 dilution, people may actually buy shares.
Instead of being eviscerated, shareholders may actually feel happy when they open their accounts instead of in shock.
So what do you guys think + or - 75 Million Outstanding shares by end of the day?
Might be hard:
http://pivotalgroup.com/pr_2-1-11.htm
Chicago, Il - February, 1, 20111 -- Global Capacity (OTC Bulletin Board: CGSYQ), the world's leading telecommunications information and logistics company, today announced that the United States Bankruptcy Court for the District of Delaware has entered an order approving the acquisition of substantially all of the assets of Global Capacity by Pivotal Global Capacity, LLC, an affiliate of Pivotal Group, Inc. This approval follows the acquisition by Pivotal of 100% of the secured debt of Global Capacity. Global Capacity and Pivotal Group have now commenced seeking regulatory approvals and estimate the completion of the process by April 30, 2011.
Also (closing of sale):
http://pivotalgroup.com/pr_5-17-11.htm
Chicago, IL, USA -- (May 17, 2011) -- Global Capacity, the world's leading telecommunications information and logistics company, announces it has completed the sale of substantially all of its assets to GC Pivotal, LLC, an affiliate company of the leading investment firm Pivotal Group With this transaction now complete, the Company moves forward as a privately-held company with a strong balance sheet and no debt. GC Pivotal, LLC will go to market as Global Capacity, offering the same innovative solutions that customers have come to expect.
So your shares are more likely worth nothing than $0.10
Strange the stock still trades in 2016 ....
DART wants a buyout offer from Strikeforce.
So, that's one group that seems ok to wait.
Meanwhile ...
The Company's unsecured convertible debentures were issued to nineteen (19) unrelated investors firms: International Capital Group ("ICG"), Asher Enterprises, Inc. ("Asher"), Auctus Private Equity Fund ("Auctus"), Herbert Klei ("Klei"), Iconic Holdings, LLC ("Iconic"), Southridge Partners II, LP ("Southridge") , Tonaquint, Inc. ("Tonaquint"), WHC Capital, LLC ("WHC"), James Solakian ("Solakian"), Tarpon Bay Partners ("Tarpon"), LG Capital Funding, LLC ("LG Capital"), JMJ Financial ("JMJ") Adar Bays, LLC ("Adar Bays"), Vista Capital Investments, LLC ("Vista"), KBM Worldwide, Inc. ("KBM"), JSJ Investments Inc. ("JSJ"), GEL Properties, LLC ("GEL"), Black Arch Opportunity Fund LP ("Black Arch") and Union Capital, LLC ("Union"). These secured and unsecured convertible debentures are hybrid instruments, which individually warrant separate accounting as a derivative instrument (see Notes 5 and 9).
So, this likely explains the price action here.
19 investor firms hold Convertible Debt. Hard to convince all 19 that they should wait.
Well, if the news is so good and you had an endless supply would you want a higher or lower price?
As long as someone is getting shares and is just dumping them into the market, how do you think the price will rise?
They don't seem to share your opinion that the stock is under priced and they have access to more and more shares.
When they stop, the stock rises.
If they don't, it won't go anywhere and you are just spinning harder and harder making it easier for them to sell their endless supply.
Wondering what you think of the Outstanding Share count increasing close to 80% in 2 days.
If the settlement is so good why have those that got shares, sold at rock bottom prices?
If it was fantastic why aren't they holding for $0.10 or even $0.01 ?
It seems like a few groups have tried to run this but it never seems to pan out.
With the A/S being raised to 4 Billion it doesn't look that good.
Strange thing is the balance sheet looks decent ... but if the company doesn't plan and act on something, the stock is going to continue to languish.
It seems that the CEO is content in having Andiamo as an ATM ...
As long as someone keeps selling shares relentlessly, we won't see the price firm up.
A settlement is nice and all but if someone keeps getting shares and is just selling them in the market .... the stock will not go up.
Smarter to wait and see when they will stop eviscerating the stock before getting in.
The Outstanding shares have increased quite a bit.
January 20, 2016 there was 32,896,901 shares outstanding.
and 2 days later ....
January 22. 2016 it was 58,819,679
This is an increase of 79% in 2 days.
It's pretty obvious what has happened.
So, can you guys convince the people to stop selling shares into the market?
This is why the price sucks.
If the company got a Billion dollar settlement it doesn't matter to common shareholders if someone has an endless supply of shares and keeps selling it to the market.
Unless it stops, the price will continue downwards.
Hmmmm ....
Did market maker CANT send a signal?
Seems strange to put an order for 24,000 shares and then buy 16,030
Curious to what it means.
On Thursday, GeoMet filed a plan for dissolution.
The plan suggests that common shares would receive a portion of the funds available.
Dissolution Value given was $0.0175 per common share and $1.5368 per preferred share.
That final value assumed that an additional $0.01 per common share would be enough to cover expenses and claims.
So, it seems like $0.0175 may be coming to common shareholders. Could be less and could be a little more.
Just an explanation as to why the shares jumped today.
Also looks like they had an offer for $5.25 from the same person making the offer today ... and that didn't end up happening.
Could be that the offer is happening because they want an interested party to make them an offer.
This plays a big role as to why there is such a discount from the $1.75 cash offer.
I mean, take a look here:
http://www.prweb.com/releases/AndiamoiQ/PLRelease/prweb13016661.htm
This popped up under Andiamo Corp. (on the otcmarket website) in its news section but it's not related to Andiamo Corp.
It is related to Andiamo Luggage, LLC which was created in 2013.
So, it doesn't seem like there is a connection from Andiamo Corp. to either Andiamo Resources, LLC or Andiamo Luggage, LLC
Besides the name, obviously.
I had to do a little digging, Andiamo Resources, LLC does not appear to be related to Andiamo Corp.
One of things that should tip you off is that Andiamo Corp was not given a separate section in the News Releases when they discussed the companies involved in the natural gas project.
From the records I could find, Andiamo Resources, LLC was created in 2013.
Does not seem like it's related to Andiamo Corp.
43,000,000 was in a t-trade.
So, I would guess that 43,000,000 is double counted.
As Gutts said, the stock was no bid, some people holding just want out.
What's the difference in value between 0 and 0.0001 ? Infinite percentage wise?
Nothing has changed fundamentally. There is still little debt according to the financials when compared to other triple zero stocks.
Waiting to see if an R/M happens.
Financials are not bad for a triple zero stock.
This is why I will continue to wait.
Almost 100 Million shares traded today as we seem to have a bid. I think a number of people just want out after waiting and seeing the stock at no bid for some time.
It also didn't help that someone posted something about an R/S which hasn't happened.
We might see some 0.0002s trade before any news comes.
I posted this before ...
As far as I can tell, the company has 3 Notes outstanding (according to their reports):
1 to "Epic" for $18,500
1 Convertible Note to "St Geo Fund" which apparently has a discount of $482,406.00
1 to Convertible Note "Golden Gate" which also has a discount of $254,300.00
This is $755,206
They also owe suppliers $150,944.13 (called Trade Payable)
And then the CEO is owed $452,955.89
And the COO is owed $477,900.00
They also found a shareholder who loaned them $38,400.42
This all adds up to $1,875,406.44 in Liabilities.
The share price today is less than $0.001, but even if they could get $0.001, that's 1.875 Billion shares to issue.
Company's A/S is 3 Billion.
If/when debt converting is done, the stock may fly ... it just doesn't look like the converting will stop.
The company did a 1 for 8000 split December 2014 and they did a 1 for 2500 split in July 2015.
Altogether that's 1 for 20,000,000 shares.
If someone owned 20 Million shares in November 2014, they now own 1 share that is worth $0.0003 (Current bid).
Again, things can change, but the amount of debt the company has and the recent history doesn't bode well for new investors/traders.
Lots of covering going on today.
You have to remember that any covering that happened on September 28 or after is not counted.
Why? Because trades don't settle until 3 days later.
Covering that happened on September 28 settled on October 01.
Shorts still in are playing with fire at this point. They shorted over $6 and with the stock trading under break up value (with little debt, which is key) they should be covering.
Any short covering today will not be on the next report either.
Stock has a bid, sometimes people just want out.
As you posted elsewhere, the ask at 0.0002 has come down, maybe someone wanting out at 0.0002 just bailed.