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That was a solid hourly close... 11AM. It is setting up for a leg up soon. It took very little volume to close up to .0056 and could have closed @ .0058. That hourly close made sure that there was no trendline pressure to the downside as it 'treads water' for the hourly 50 SMA. There will be little talking once it does not fall again and the 'floor support' will be in at least the .007's.
ALL IMO.
SM
3:46 and 3:47 4 Million shares... washy washy.
SM
You have had your chance in recent history to get them in the low .004's, then the mid .004's and now with this latest pullback in the high .004's. We may NEVER see these .004's for the history of this company again. Above .005 to .01 could be the next area for this one. Look forward to seeing what is on the horizon!
Good luck to all that are invested.
We should see this 'tread water' around here for just a little while longer.
ALL IMO.
SM
Just general information for all those that are invested in this company:
If we close here (.0056) for the week (yes, still an if) we will have had the highest weekly close in 18 weeks.
There are some that like to concentrate on 'spikes' and 'volume', but if you go back and look at the volume since the recent .004, you should notice that this has climbed 18% with little 'comparative' volume.
You should also be aware that this would be the third consecutive higher weekly close.
Those that matter and that got 'long' did so on the massive volume days from before and now can slowly churn this higher when they want.
You should have also taken notice of the alerts that were issued @ .0044 and .0047.
We still need to see consecutive closes above the .0069 on the daily and preferable the weekly also.
Good luck to all of you traders/investors for this one.
SM
WOW! What volume in the past few minutes. Just a question here... how many million can be bought into a 250K ASK @ .0044 without rising? It is like 'how many licks to get to the center of the Tootsie Roll Pop'.
SM
Are you ready yet? As posted last week these low .004's might still be available for the FIRST PART of the this week. IMO... LAST CHANCE for these cheap ones... will not be here by end of week. Too much in the pipeline and tech's are lining up solidly. All IMO.
On Notice! Should not delay.
SM
Thanks for the response. I am aware of the term and some of the specifics about it. Not too long ago I read up on it. The problem is that what I have is only 'book knowledge' about it. What I was hoping for was that someone might give real world, real time scenarios on what they see and why they trade it in a certain way. There is really no harm here since it has been pointed out that there is not anyone here that has the Market Moving Buying Power to make a difference in SP. So there is really no competition here that would effect someone elses trading.
Just thought I would ask the one doing the posting about it and the trading updates that he is doing to expound on the subject a little if he felt like it.
Anyways, thanks for the reply.
SM
Why don't you give a little lesson on what you mean with 'reg sho cover'? I think that definitions are important for all to be on the same page and you might increase my understanding... IE my trading also.... along with helping others that have absolutely NO IDEA of what you are talking about and what you are seeing... and they really do not want to ask about it and think that it might be stupid questions.
Just a thought... maybe a little more explanations with your posts might help some here... including me.
I am never too old or wise to learn more. Hope the same with others here also.
SM
Well, you really did not answer any of my questions. I am honestly courious about avg prices and whether somone has sold out or not. I just keep this in the back of my mind. I personally NEVER sell out of a position while it is falling. I might stop adding, but I ALWAYS wait for a rally to decide when to 'lighten the load' or get out. If it does not come then oh shit, that hurt. But I do my DD and stick to my guns. I only hold a few at a time and watch them like a hawk.
I was just courious because if your AVG. @ .0065 lets say and there is a rally that happens overnight or first thing in the morning and you are not there and it does not give you a chance to get back in @ or under where you were... you either miss this or are chasing.
If I am going to exit or lighten up, I will place a sell order where I think that I could get filled and limit my loss or reduce my shares.
For instance... If I am averaging down I can bring my Avg. Price way down by buying more shares lower and then my sell order is lower and I have a better chance of being filled.
Did not mean to put you on the spot and I know that this can be frustrating. Thanks for the 'good luck with the trade' and as always ... you too.
SM
So are you telling us that you have SOLD OUT? You are now not holding ANY shares of this company?
Can I ask you what your AVG PRICE was before you sold out?
SM
AMEN! I will second that... IT IS ALL about the MM's!!!
When THEY say the time is right, THEN the time is right.
SM
Just a matter of time. Low .005's to .006's. Up to another 28% appreciation in next 'little bit'. Lots more if we can get consecutive closes through .0069. IMO
SM
https://www.newsmaxtv.com/Shows/New-to-the-Street
I do not know how many of you all have taken the time to listen to this segment, but there was a lot there.
SOME highlights:
For first and second quarters... about 1.2 Mil. in revenue.
Now over 100 employees... short time ago only 6.
Expidential organic growth.
New acquisitions on the way... later updates... 'stayed tuned for exciting news'.
Major expenses (one time as I was talking about) in updating and revamping the gyms. Expanded the gyms to 3 times the sizes.
Added Jujistu gyms along side the regular gyms. (This means they are in the business of REGULAR gyms and training the upcoming Jujistu stars of the future.)
20% ORGANIC GROWTH expected.
Organic growth in size (attendance) of Live Matches and number of events. 50 events scheduled for the next 60 weeks. Split concession revenue with facility. Increasing revenues from PPV. Own ALL content outright. Starting to branch off into other venues for their Digital Broadcast business... not related to their core business.
This is NOT the same company as before as some would like you to believe. Past performance is NOT idicitive of future performance.
Good trading and investing to all.
SM
What happened to all you chatter boxes from yesterday? It was like reading a little book there was so much going on. It does not take volume to come up with something to say. Just kidding all.
If this stays the same as now, I probably will not be posting anything. So, you all have a great weekend. Just started the liquid lunch... has to be 5 Oclock somewhere.
I think I will head out to the beach soon.
SM
On Notice!!!
You can mess around all you want, but this just might be the last opportunity to grab .0043. This might carry into first part of next week but IMO this thing is 'coiling' ready to pop. Looks as thought next stop will be the .006's to .007's. All my opinion only though.
SM
I would agree, but I almost always have a rule that if I see a 'top' in technicals, I will take just about all of my original money out and play with the house money. If I am right, then I have the same amount of money to invest lower when I think it is a 'bottoming process'. If I am wrong with the top, no problem... I still will have quite a few shares for the ride. I have done this on the past two rallies that went between .01 and .02 and starting buying again @ .0055 area -.0044 area.
Anyways, I appreciate the post yesterday on the article of the MMA stock plays. I did a little tech analysis and saw that one of them just went from .006 to .05 and it is hanging around that area still... NOT a quick few hour hit. When I looked at the fundamentals, I saw they were not making a profit either and they were 'diluting' to cover losses. Gave me encouragement that something is really happening with these MMA companies and we might just be seeing the beginning of SP appreciation for this one.
Others have had a valid point on the RS and diluting that they have been posting... BUT... 'Past Performance is not indicitive of future results....' How does that one go again? Can work both ways.
Just because they have done a RS...
Just because they have not shown a profit yet...
Just because they sold shares to raise capital...
SM
I will take consecutive daily closes above .0069 for now. Would love to see this 'tred water' around the .01 level in the coming weeks.
I have averaged down and am in profits with a decent amount of shares. I like to see slow and steady so I can read the technicals. Quick pops does nothing for me to be able to read the technicals...better guess right what the top is.
Good start to the day and maybe a good end to the week.
SM
Ain't no turning back now. You are either in for the ride or not!
SM
Hey, I respect your opinion.
I will have to wait and see if this is 'handled correctly'. What are they doing with the money they are receiving from this offering... that is my question. But look at all that is coming out from the PR's. I can harldy keep up with all they have in the pipeline. I am more worried about them spreading themselves too thin. They are in Basketball, TV, Ride Share, NFT's, etc. I am more worried about them being 'Jack of ALL Trades and Master of NONE'. But, I know very little about anything they are doing except for Basketball. TV...nope, just watch; NFT...WTF is that? I had no idea just a small time ago. Ride Share... never even done one of those before.
I will have to wait and see how this plays out. I like all that is being done with the PR's and I have no reason to believe that this is a scam from the CEO. I know there is dilution and that can be a good thing or it can be a bad thing... if they are waisting the money.
In any case, the amount I have invested in this is not going to effect my life style or retirement in any way. If it takes off it can really be useful, but if it goes flop... it will not do any harm.
I like to hear other opinions about this... I just do not like the 'fortune tellers' saying that 'this is going to trips' or 'RS coming soon'. It reminds me of those TV reporters that try to be the first and call the election before all the votes are in. I guess it gives them some ego boost to be the 'first to call it' and say 'I told you so'.
I always like educated and level headed discussions. Pie in the sky predictions or doom and gloom have little value to me.
Good to talk to you. Good luck.
SM
I am sure not going to go around and around with you on this. I have tried to explain and now I am going to be done. Just so you know that you will get the last word in here if you reply to this.
Those are all opinions and you and everyone else are entilted to them. I only try and deal with facts and that is why I tried to explain the facts to you of how this works.
If you were being really honest with yourself I think you would find that:
1. You did not do your DD and know that there was a REG. A filed for 2 Bil Shares... or you would not be so mad. It was there since May of 2021 and we are 5 months later and you are acting like it is something new.
2. You probably did not use a 'rule of thumb' % that you will only put so much of your investment capitol into any one stock and you are probably WAY over that. My limit is 20%. I have gone over that before and I have felt like you are now.
3. You listened to those that were promising '1000's' % return 'this week'. I think you listened to them too much, just like you are probably listening to the 'bashers' a little to much now. The truth is somewhere in the middle.
4. You probably owe the CEO one more email and in the title... 'I am sorry for my behavior'. You were correct that all my questions were answered in the Reg. A filing you did and I did not understand the particulars of what that entailed. Please accept my sincerest appology.
I might suggest one of two things for you:
1. Look at your Avg. Price and then wait for the opportunity to SELL ALL @ ABOUT breakeven when the next rally comes.
2. Or look @ your avg. price an sell ALL of the shares that would bring you back to your 'limit %' for any one stock.
I wish you the best.
SM
Other thoughts for you all...
This dilution in not really a bad thing in the long run if it is handled correctly.
You know what would be a REAL PROBLEM? If the company filed the Reg. A for 2 Bil. shares to be sold AND NOBODY was interested in the shares! When you have 'dilution' due to a Reg. A, then there are investors that are willing to pay .005 per share thinking that they are going to be making money. If no one was buying... that would be a problem.
Secondly, if the $10 Mil. is used wisely and it produces shareholder value by investing in positive things, we all win. IT IS JUDT GOING TO TAKE TIME. Now... if you really want to cheer for this company, do not curse the dilution, but embrace it! The quicker they sell, the quicker they get the money and the quicker the ROI. IMO.
SM
Arnold25764... you are welcome.
NO!
The investors could be anyone that qualifies. It can be hedge funds, whales, Banks, or just average investors that meet the qualifications.
The CEO CAN NOT STOP THIS! He has put it in motion and if there are any qualified investors HE HAS TO SELL to them what they request. It is really out of his hands. He has said what he is going to do and made it 'legal' by making a filing. IT IS OVER until the 2 Bil are sold or until the 1 year time limit runs out. It is that simple.
SM
It could be anyone. There is soo much manipulation going on. My guess is that it is the MM's going back and forth for the most part. We saw this just a few weeks ago.
When there is a lot of volume, especially in a rally, the MM's are the ones that have a contractual obligation to 'make the market'. So if the 'public' is buying then the MM's are selling and getting short. They do not lose money, so you can bet the SP will be coming down so they can make money short, get neutral, and then position themselves for the ride up.
The shorter they are and the lower they can take this, the more money they make. In this situation, they have no hurry to take this higher because of the Reg. A. They are literally at very little risk of a momentous movement higher... especially when the price is below the offer price of .005. Not to much diluting going on here.
When the big diluting will start again is when it is over .005 again and the 'qualified investors' can buy in bulk @ .005 and sell at a profit... then we will see it pick up again.
ANYONE diluting down here does not know what they are doing... that is 'note holders' or 'insiders' of the company.
The best one that I know of that could help further is probably DARK POOL. But, he would have to take the time to give DETAILED analysis in real time so that you can see what he sees. I am not sure if he is willing to do this or not... mostly a cryptic post and on he goes. But, he seems like he has an understanding fo how the MM's shape things up.
Hope that helps.
SM
I think you do not understand how this works, so I will try to expalin.
The company DOES NOT sell directly into the market. They have to have 'qualified investors' in order to be able to purchase these shares. I do not know all the requirements, but size of investor and size of investment and net worth DO come into play.
When there is a 'qualified investor', then they will purchase these shares and the money is given to the company. Then the OS count is updated the following day by the Transfer Agent... IE they transfer the stocks to the investor and the money to the company and verify the share counts.
So to answer your question and affirm that we have a 'good ceo', he IS ONLY SELLING @ .005. No higher, no lower. As I said before, YOUR PROBLEM IS WITH THE MM's.
How do you know if he has reached his goal you ask? Keep an eye on the OS that is verified by the Transfer Agent on OTCmarkets.com. Again back to the Reg.A... They are going to sell 2Bil; they started this with 355Mil shares Outstanding... so when it reaches 2.355 Bil. they will be done with this Reg. A and the diluting will stop.
They could always file another one though...and that would be for a differnt discussion, then we could start talking about...
Hope this helps, let me know if you have anything else.
SM
So let me see if I can answer the questions...
How much dilution are you (CEO) going to do?
2 Billion.
How long are you going to be doing this?
Until May of 2022 or until ALL the 2 Billion shares are sold... whichever comes first.
Why so much?
We want to raise $10,000,000... @ .005 per share.
Why don't you stop the dilution?
I can not. I filed the REG A and that is what I have to stick with since ALL INVESTORS are expecting me to keep my word... and the SEC would probably have something negative (fine) to say about it.
ALL this is covered in the REG A that I filed. Have you read it? Then why do you keep asking me the questions over and over again? If I had to answer these questions for every investor, I would have no time to run the company. Have you heard about the ABA? 'UBER'? NTF? Etc. Etc. Etc. I just do not have the time to answer these questions for everyone...hence the REG A for ALL to read. Please have an nice day and I hope that the things in the pipeline will pay off for your investment in the LONG RUN.
END OF CEO COMMENTS.
My Comments: What was not included in the REG A filing that you do not understand?
Any questions that you have that I have not answered? All my answers came from reading the REG A.
SM
Just some thoughts on the latest filings...
I do not mean to be negative here so this is not an opening to the bashers to pile on, but for those that read some of these things (filings) and see what is there and what might be missing.
1. No where does it state that it was sold out or what kind of revenue was generated from the event. Was the event profitable or did it cost the company money and are hoping for better things the next time coming in this new market. What were the sales for the PPV?
2. Seems that the card was a little light in the number of fights? Yes or no?
3. There was another round of 'possible dilution' that was filed 10/5, but no mention of that here. ( Filing D)
4. In that filing there was 270K of debt added. It said that none of the proceeds were going to any officers/directors. Things that were missing: At what price is the conversion available... how long before conversion, how many shares to be added to float... what were the proceeds planned use...etc.
With a Reg A, these things are disclosed. In order to keep up with the current happenings of the company, we need more information.
Can anyone here fill in those blanks for us?
SM
Now that was a nice close to the hour. That was 2 hourly closes above .0052. Someone has meant something with those purchases before the close of the hour. SOLID!
SM
I really do not understand. The company is absolutely doing nothing. They have put the Reg. A out for all to see and they said: How many shares; @ what price; and for how long they were for sale. We have many months left before it expires. If you did not do your DD and did not know about the filing... then so be it.
The CEO does not do one thing in the market. When there are qualified buyers that purchase the shares for sale, then the proceeds of .005 per share are put in the bank.
If you have any 'bitch' it is only with the MM's.
I really do not think that some people have any idea how the market place works and the 'duties' of the MM's.
If the CEO has sold any of his personal shares into the market he has to file an 8-K telling how many he sold and when. I have not seen one. Am I missing this somewhere?
This stuff of bashing the CEO is just getting old.
SM
It looks to me like there are going to be some people 'chasing the train' but they are going to have to pay for those tickets because all the low far sets have been taken. IT IS LEAVING THE STATION SOON! ALL ABOARD!
SM
How solid would consecutive hourly closes @ about .0052-.0053 or above would be! If that happens, we could see a quick (days) test of the .0062-.0069 level.
Remember that multiple daily closes above .0069 are a must to break us out of this lower level. NOT too far too fast I hope. Solid and steady as she goes.
SM
Looks as though the engineer backed up to see if there are anymore that want to get on for the ride. Anyone hopping on?
SM
Anyone hear them blow that whistle when they left the station? CHEW-CHEW!
SM
So how many shares can be bought into a 10K ASK @ .0047 without it moving up? We are now at hundreds of thousands! Sound the SP manipulation to you? Yep to me also.
Anyways, time is running short... something going to give soon IMO.
SM
I would think that the 'diluting' would be stopping. If I am a qualified investor in this company and I can only buy @ .005 if I want the company to get the proceeds, then it makes no sense to sell anything that I bought for .005 and sell it for a loss. What made perfect sense is that the qualified investors that bought @ .005 in 'new issued shares' got a tremendous opportunity to over double their money in the past couple of weeks. Now they have more money to buy more shares from the company @ .005 and wait for the next ride up. In this way, the company is getting the funds they say they need from the Reg A filing and the qualified investors are making money. It is a win-win for both. If this continues into the near future, then they should be able to get to the 2 Bil shares issued before the Reg. A time limit runs out. They have to decide if they want to buy below the .005 for themselves, or do they give it to the comapny for the funds they need. As long as we stay around the .005 mark I have a feeling they will want the company to benefit from the funds. We drop down to the .003's, they will probably buy for themselves and that will probably 'dry up' the diluting.
In any case, I do not see us moveing too far from here, either way for too long, until all 2 Bil share are issued.
Just my opinion though.
SM
This train is getting ready to leave the station. IMO the .0042/43 is a good entry point or adding point. I have not looked into the fundamentals too much on this one, but have been watching the charts for a few months now. There has been 'false starts' over that period of time, but yesterdays action... along with this morning is telling me they are getting ready to move this to a new track that is heading north. Not sure how far up the mountain it is going to go, but the low .004's I think will be sea level for this one in the near future.
All IMO though.
SM
This might not be as low as she goes in the near term, but make a note that 'all you care to eat' @ .0047 right now. In a few weeks you might be wishing that you had taken advantage of this time. All IMO only though.
SM
To HighPeaks ( and the other mods.):
I see that you have read the up to date DD that was just presented. From the research that I have done I would say that it is correct.
I mentioned this last week and I am mentioning it again here...
The information that is listed at the top of this Discussion Board is NO LONGER CORRECT and needs to be updated. The SHARE STRUCTURE in NOT CORRECT and is no where even close. It states that OS is under 100 Mil when it is actually over 1 Bil. That needs to be corrected quickly IMO.
There is also no mention about Reg A offering started in May of 2021 and running into May of 2022 of 2 Billion shares which would put the OS shares at a max of about 2.4 Billion at that time if all shares are sold.
This is all critical information for any potentional investor in this company.
I would ask that this be updated to reflect the CURRENT information as soon as possible.
If this is not up to you and the other Moderators, please let me know who to contact to have this done.
Thanks,
SM
I want you all to notice something here. There has been several million buys into a 400K ASK without any movement. But they put those same shares on the BID @ .0048. Incredible what they get away with.
https://www.sec.gov/complaint/select.shtml
SM
So now we know that the OS is going to be around 2 Billion when all is said and done. Does anyone have an accurate forcast what they think the Market Value is going to be? I hear .05, .10, .20, and $1. That is a wide spread.
So we see the DD that has been laid out so well and we have the OS @ around 2 Billion. What do you all (all of you that gave price predictions in the past) think is the REAL Market Value in the near future?
Please give an explanation to your estimate.
SM
PS. I do not know who is in charge of keeping the 'entrance' to this page up to date, but the OS shares, etc. are now way out of date and either need to be updated to reflect the current OS or deleted. If kept you should put up a reference to the current offering of 2 Billion shares, so that newby's have the real facts.