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I think it's done for today, but still impressive. More wash out tomorrow, unless some announcement either after market closes or tomorrow morning. And if no news, look for selling pressure.
Rick, this is what I wanted to see, you know how much I hate peeps with short arms. I am so impressed, I think I found a new love, ASUV is different animal now, we definitely needed these short arms to get washed out, since this is out of their league.
Now, I am starting to love the price action and volume today, not a little anymore. Best I've ever seen, pre-split. Can you imagine, just one, just one little catalyst will do? We will go straight to $3.00, now if a major catalyst, like merger, we shoot pass $10.00, since it's so thin. I have to admit, I doubted any volume and price action, but I guess I was proven wrong.
The OTC world is so bizarre for me, I didn't think peeps could have that much of short arms. I believe you nailed it, these penny pinchers don't have more than probably 2000 shares post split if they are lucky. I believe some of them got washed out already and I think this will continue on without any catalyst for a while.
Bean again thanks for the feedback, there is no rational of selling in 1000 or 2000 blocks for 0.80 unless it's beer money. by the time you get your order executed, since it's illiquid and want to trade on another ticker, most will probably be out of luck, there is 20% gap between the ask and the bid. Unless if it was the big board and the ticker is liquid than I can understand, while I have done that many times on the big boards, but not pennies man.
Rick, I have bad news for you. You are going to have to deal these penny pinchers at least for the time being, until some major catalyst really moves this thing, since it's extremely thin. The good news is you are only accounted for 3300 shares, so the other trades are coming from somewhere, realistically more funds have gone into this from any day I have witnessed and it's only 8:15, lets see how this plays out the rest of today and this week. I am actually very impressed with it's pattern today.
I am actually a little impressed with the price action and volume this morning. Over $10,000 exchanged hands today. Although, it's still illiquid, but that may change in the coming days ahead, barring some catalyst to brew things up a significantly. What is bizarre to me, the fact that peeps are selling in 90's and $1.00 range. Why?
On another note. Just for a second or two, level 2 showed ETRF with over 5000 shares for $20.00, that is bit strange to me.
That's also a good point. Thanks for the feedback.
I hope you are right. The next couple of days should shed some light on the whole debacle. It's nice to have someone like you specifically, who is neutral, not all pumping or bashing. You are just waiting like the rest of us.
Very true....I love that shirt. Seems your son a great boy, be proud of him. There is not a day I go without say how much I love my son and daughter.
Bean, thanks for the response. Yes, you are right about the speculative part and I didn't think otherwise. This has been about theories and theories right from the start. But, at the same time there is more fuel to the fire since the RS and since nothing has been established as far as the reason for the RS, it has become a bigger theory. The interesting part of this whole thing is that if this was the big board and the RS happened, I would be able to justify the reason, but because it's OTC and I always try to shy away from those plays, it's very hard for me to predict what is the real reason behind the RS. Since peeps like to come with their own opinions, I thought I'll throw my opinion (theories) just for amusement. I stand correct, this has become an amusement for the board and as well as Mann.
"There is much more to the story than meets the eye" It could be a reverse merger, it could be a scam, or it could be nothing. More importantly, peeps maybe just decided to tag along like herds, whats interesting is the cycle of pumpers keep changing here, that's a bit strange to me. Did they unload their free shares (if this is a scam), why all of the sudden new pumpers? Are they given shares to pump it? When are they going to unload or have they?
Mine is somewhat alive and well, until Mann proves himself. Now, this is the interesting moment, this is where if he really wanted the SP to be so that he can wash out the penny players and get some reasonable serious money peeps involved, then my hats to him. Theoretically, if peeps in the know are going to jump this, it will be right time to do it, that remains to be seen, provided that the RM if true still ways to go. Theories....theories, that's all this has become, maybe it's good in a way or maybe it's bad at the same time, but just like you, I gave it a 50/50 shot, but don't plan on waiting till next year because I don't plan on becoming a pumper who is holding the bag, I don't want to go through another cycle of adrenaline of whether a reverse merger is real or not.
There is no such thing of protecting shareholders, no such thing. Mann is not doing this for you, nor me, or anybody else who is genuinely long on this board. Like I said, Mann is no SAINT, he is in it for himself and no body else. If Mann did this to protect shareholders, the least he could have done was shed light on the whole RS, might I remind you, there was no advance notice, no 8k, no reason whatsoever about the RS, might I also remind you that ASUV has been dark for so many years, don't you think it's about the time to shed light on your endeavors and if you really, really care about the shareholders, then you would provide some, details about the RS. The theory about doing the RS to keep the SP price just above $1.00, what if SP closed right below 0.04 pre-split, may I also remind that we were just there when the quarterly report was out, even below that, we visited 0.035, what would have then if the RS happened if we were at 0.035-0.04, would he have still done it? If he would have still done it, it would have defeat the purpose of having the SP in the $1.00 range. It's a process that goes through FINRA, about a couple of weeks before, he has no control over the SP during that 2 weeks. Therefore, he didn't do this out of kindness for shareholders, whatever it is, it could be a reverse merger play, or depending on where the SP would be after 3 months, he might do a forward split (so to speak and amusement for him). Either way, something might be in the works, if its the reverse merger and believe me, it will take way longer time than we expected because as it looks right now, nothing is in the near horizon. Furthermore, if Klean is as big as some claim they are, RS was not necessary. RS is never a good idea when it comes to reverse mergers, I've done research and based on the findings advantages and disadvantages of Reverse Mergers and this falls under the disadvantages criteria. If there is nothing by Tuesday, then there won't anything for another 3 months. If he wants to think about the shareholders, if he wants to take this to Nasdaq as some claim, this is where he can start, establishing some trust, otherwise, the only thing ASUV is doing is going through some cycles, I've seen penny stocks peeps waiting for years for a RM to happen, peeps get tired and leave and a new cycle of shareholders come into the play, this is the same thing, but just a different ticker. No, Mann doesn't is not being thoughtful about the shareholders, Mann only thinks about his own fate and nobody else, remember that, that's almost like most CEO'S.
rward splits for stocks in the major exchanges are rare, but are still more common than reverse splits. Reverse splits are usually done for companies that are doing very poorly and are at risk for being delisted. One of the most common reasons companies are delisted is because they do not meet the minimum price requirements.
Forward splits are a way of providing more liquidity to a stock. Liquidity is a double-edged sword for traders. It can help the stock move more since there are more shares available to be transacted. Having too few shares can have the price move so fast that a few shares changing hands can kill any run. Too much liquidity can make a stock never move more than a few pennies at a time.
More liquidity is generally seen like a good thing. The same effect that can slow down an uptrend can slow down declines. Since most of the market goes long stocks, a stock that slowly uptrends will eventually be noticed. However, a stock that has little interest can see the share price slowly eaten away with occasional selling. The selling can be because of frustration, tax reasons, or fear. Over time these small taps downward can amount to a lot. The extra liquidity can help the company hold off that kind of slow bleeding when its slow on news.
So, my question is, which one does Mann really want? Lets see if he made the right move.
So if there is issuance of more authorized shares, wouldn't that dilute the common shareholders, us?
Yeah, if you want to look as far back as November last year, yes it did. But that's 7 months and I thought you knew something that I didn't, like a drop of 30% in one day alone and please don't compare apples and oranges. Penny stocks can drop like a 50% in one day vs big boards, unless a failed drug candidate could drop 30-50% in one day. And if Apple drops further, Apple is a value and long term hold, it's not a speculative play. Believe me, I know, Apple runs in our family, my parents owned since mid 2000's from 20's.
If you want to go that far, that's legitimate. But Apple will never drop 30% in one day alone. Apple is a cash hoard, pretty much everything I own is Apple, I have almost half a dozen Apple computers, watch, phones, plus the old Macintosh. One huge mistake Apple did was introduce the watch, but still they are innovators.
Here is my "analogy." The NFL games and players, the players are the (pumpers) the NFL team is (Harmonic Energy). So this is how it goes, pre-season when the NFL team (ASUV) was trading at sub-pennies, then slowly creeps up in the regular season, wins most of the conference games, which leads them to compete in the post season and they are way in the lead, so they take out the starting quarter back, which we all know who that was and they have a different quarter back, which lead them to a victory or completely flop.
How did Apple go down 30%? I own 500 shares of Apple, my 13 year old son owns 2000 shares he inherited from his grandparents.
Anything is possible at this particular juncture, I know something for sure Batman, he is definitely not here to clear his name, there is no such thing as him wanting to clear his name unless he is a SAINT and more importantly he wanted to clear his name, he would at least say something vague, not try to keep everything in the dark. He probably spend so much to go current just to pump it with the rest of pumpers on board. But, if this destined for a huge pump, I will certainly be on the look out to unload my position. If the merger was true, by mid June should come to light, by Tuesday next week we should know something. We might see $5.00 soon even without the merger, but only because some outlet there is pumping this, believe me, I've seen pump and dump tickers as high as $15.00, perfect example was BRKO or BKRO, I forget which one, this could end of like that too. After, doing research this couple of days, I am shying away from the merger happening, but not ruling it out. There is too many hypers here and the cycle changes and I know who they are precisely and prefer not naming names. Remember charity starts from home, be on the look out for yourself, Mann doesn't do this for you nor me, or anyone who could naively believe in the merger (although it could be true), he only does this for himself. Remember this, there was dirt on the ticker back in 2012, how do we know, he wasn't part of the plan, he never came out and deny any of the accusations, or did he?
Apple and Google, will never go down 30%, unless the whole market crashes like it did in 2006-2008.
Then you theory, if correct, should keep the ticker above the $1.00 mark at every closing session. If he wants to takes it for Nasdaq. Either way, it wasn't a smart move by him, now that we are sitting at 50% below $1.00 mark. For the very least, he should announce something at very latest Tuesday, otherwise I can almost guarantee you that this going back to where we started.
I am prepared to lose it all too, either way I don't care. On my previous post I have also mentioned the fact that he wants the tree shaken out from penny pinchers, the RS was probably the main reason he did this. We'll know how this is going to unfold next week, or next month, or even next year. If this falls below where it's now and if it falls to penny land (back to where we started) don't think it was a smart move by him. I've seen penny tickers when even less OS and float lower than this, that are incredibly illiquid, he wanted he ticker to be illiquid than he has accomplished that for sure.
Meant to say, definitely "not" clearing his name.
That's why my sentiment have changed. Based on my research the last couple of days, your rebuttal is very accurate and valid. I would have expected something other than keeping everyone in the dark. Mann is not in the business to clear his name, whether the merger happens or not, Mann is after his own stake, definitely clearing his name for sure.
That's also an awesome post, I have been thinking about this all along too. I personally requested information as a potential investor and yet to have received anything in that regard. This is months and months away before if even becomes a RM. Nothing has changed except the previous hypers (maybe paid pumpers, maybe not) this board is going through cycle of pumpers, every now and then you will see one or two of the pumpers making appearances just to the current ones favors, just to keep the momentum going. Momentum is gone now because of the RS, nothing will change that, unless something dramatically changes everything Monday or Tuesday, those pumpers that were here before have already sold their free shares that was issued to them by the company, that's why we have a new set of pumpers on board who also have free shares that are waiting to unload. The more and more I think about this, the more, I believe if no announcement by Monday or Tuesday, this is all a pump, that's all there is.
Exactly my point, keeping investors in the dark is not a good strategy. Like you said, he is not obligated to submit an 8k, but if he wants to clear his name like some say on this board, then he wouldn't not keep shareholders in the dark, even some from 2012. All he had to do was issue a press release as to what his intentions are, they could be vague or direct, at least give some indication. Although an 8k would have shed some light about the intention. There is no such thing as gag order, if the deal is done then gag order is irrelevant, unless of course, RS was only the beginning stages of a RM, so in essence we could be months and months away before we hear anything about a speculative RM. Maybe he will shed some light on this next week, I would expect something, at least something by Tuesday, either an 8k or some PR about the either a RM or something entirely different. I believe, Monday would probably be the last day to completely shake out the tree and if the merger is true, Tuesday the ticker should see some uptick, if his intentions were to get rid of the small peeps and get some decent action into the ticker, it should happen starting Tuesday. It was great strategical move by him and Klean if the merger comes through though.
Dina certainly makes valid points, but, whether they are valid or not, I know the risks involved and for that same reason I chose to gamble away my money. Now, whether it's a gamble or not it remains to be seen. However, Mann is not suppose to keep shareholders in the dark and caught most off guard with RS, whether OTC like some claim the OTC doesn't have the obligation to let everyone know what their intentions are that's full of B.S. There should have been an 8k, not necessarily a name change, but an 8k regarding the RS at least. Remember supposedly ASUV is going to merge with Klean (a reputable establishment). If they way things looks right now, it maybe awhile before the merger if it happens. More importantly, I also don't believe the theory that Mann wants to clear his name, there is no such thing as anyone wants to clear their name, unless you are real SAINT, everyman and woman is after their own stake, Mann is not interested in knowing your well being, Mann is only interested in his own well being. Everyone here makes a good argument except pee seeker and stockgringo and thankfully one of them is gone. Btw, pee seeker a couple of days ago you replied to one of my posts and said "nice price action today". "I got 2 email alerts". I asked you what they were, you never responded, so I ask you again, what is your 2 email alerts? There is nothing that you have, if you anything, you would show proof, like many have shown proof by DD. Dina sometimes comes with a good rebuttal and I respect that. Theories aside, but stick to the facts and the facts to point to anything yet, this all could be a scam or it could be a merger, or it could be much bigger or smaller than that. Remember this, Mann is not here to clear his name, Mann is here for his stake only, just like everyone else on this board or outside of this board. Presidents don't become presidents for you and me, they want to become presidents to make his story (history) or in this election her-story (clinton). Nothing has changed except for some of us the off-guard RS, the value still there, now whether Klean is worth 100 million, 300 million, 500 million , or 20 million it remains to be seen if the actual merger will come to fruitation and the market will price it accordingly if it's Nasdaq bound, if it's not nasdaq bound the price will hover around 1's and 2's because it will still be illiquid, more so than it was before the pre-split, this was and always would have been more liquid than where we are now, unless we go to Nasdaq, otherwise volume won't surpass 3,000 shares a day, I know this based on my experience. Now things might change in the coming days, peeps in the know, might jump start the ticker after more are shaken out, simply because psychological effect it has on penny players. Either way, you look at things, it could be a reverse merger, it could be dilution, it could be something else, we will find out soon or later. I knew from the 1st-2nd week of June, now I say this again, although nothing has changed as far as speculated valuation, this could take a few more months, I don't think they had all their paperwork in the system yet, this RS was step in stone (just the start).
That's where you are wrong my friend because if that's your theory it will value Klean and the reverse merger "if" and "when" does happen at $25 million dollars only. Remember when you use to say on multiple occasions that nothing has changed? If Klean is a 100-300 million dollar company, whether they RS or didn't, will still be 1000's of percent increase the value still hasn't changed. Mann didn't do this RS for the RM, Mann did this to shake out tree and to some degree he was successful. There is something behind the scenes, I am not sure what it is.
Try it under symbol or name, then type in "ASUVD" then click on trade, if you haven't done that already.
Is it even tradable? I haven't even tried but having fun watching this.
C'mon I want to see who has the guts to slap the ask or even $1.02 for 50 shares. Lets see who has the guts? Or even better put in an order for 1.10, lets see if it will come across.
The ask is $1.88 now, looks good.
The question is which is going to hit 1st?
Then you contradicted your previous post. I am relieved now that you said this.
I sent an information last night, under the Emergency title highlighted. The 8k has to be done almost immediately with reverse splits, but with any other press releases, like quarterly reports or matters, it can be done yes up until 3 days.
Only one thing you say that makes sense, the "8K" the rest of the stuff is B.S. If no "8K" then this is a promo stock all the way to sub penny land again.
Batman, I think the same thing will happen here, if an 8k is not released.
I agree large institutional buyers will never touch this, until this get above 5 and trades the big boards.