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C'mon trip 6. I've got dry powder.
First, I had completed my large accumulation before, or into the early days of June, 2020. Ms. Halvorson arrived on scene a month or two thereafter and, therefore, she had no influence on the purchase of my BLLB stake. Our conversations dealt with the availability of the BRZV, DIGI, GRPX shells and never had anything to do with BLLB...nor was it even mentioned. Second, I feel it would be a breech of integrity and/or trust by making an attempt to gain what could be deemed inside information from her regarding an issue in which I hold a substantial position. As stated in my earlier post, I will reach out to Paul Colangelo with an inquiry as to the status of the Avenu Insight Analytics, LLC beneficial ownership position in BLLB. As side noted in the latest BLLB Quarterly filing, there has been no contact and, perhaps, I will encounter the same result. I can only make an attempt, but neither have the time, nor inclination to pursue it any further as an investigatory goal. I am satisfied with waiting to see what is revealed in the 2021 Annual Report. Thank you for the suggestion and inferred belief that I may be contributive. Your posts continue to be some of the most constructive and helpful. Your chart analysis is some of the very best I've read, although a bit difficult for my slow wit to comprehend.
Perhaps you should look at the 3rd Qtr Financials. Check out page 8.
You're right. Paul Colangelo of Avenu Insights first appeared in the quarterly report ending 6/30/21. My thoughts are that Avenu may have been a merger candidate and were issued shares as a preliminary to moving forward. I have no knowledge of whether any consideration was paid for the block. That block of shares remained a part of the 3rd Qtr. filing as well. Perhaps the eventual halt of trading due to the CE gave him second thoughts about R/M and he bolted. It has been over a year. From his perspective he may even have felt somewhat misled. However, since there is no evidence of a capital infusion, there may not be a problem. The upcoming Annual Report may address the issue. Who knows, the shares could be retired or allocated to a new, or current, merger candidate. I'll try to reach Paul for clarification. Right now we're looking, at best, at a retirement of the shares to the treasury and, at worst, a battle over share ownership which could involve the merger candidate as well. My thoughts...as requested.
She is the reason I'm sitting on a pot full of house shares.
New? She came aboard several months after I accumulated all of my .00038's in May of 2020.
Big volume today. I really expected more price action off of the volume. But, here we sit @ .0018
Hahaha! $45 paint to .015. Fairly weak attempt at a walk down. Ask sits at .0163. What a sell off.
I've sold and then repurchased all, or more, while maintaining or improving my core "house share" position, banking modest profits along the path. I don't wait for profits...I take them as/when presented.
On a 20 million share trading pace. There will be far better days ahead. Play it right, but maintain a solid core.
Nothing wrong with banking some profits along the way. There will likely be an opportunity to recapture some, or all, of those shares thereby improving ones overall position. Not necessarily flipping...just prudent trading. Having done it both ways, I find developing a closet of "house shares" to be far more piquant.
What makes today better than any other day over the past several weeks. 17's and 18's have been available for weeks. I hold a good strong position (I'm green) and would like to see some upward movement. I'll go away for now...there are a couple of runners that have my attention.
Great early volume, yet here we are @ good old .0018.
Here's your buy dip folks. Get 'em while they're available.
I see it. Thanks for the annotated chart. Glad you’re here.
We’re okay. They just needed room to cover the 16’s they sold. Shouldn’t be any shorting now until later in the day. They have patterns just like non-shorting traders. I’m not going to lie…I sometimes play both sides.
I don’t know georgie18. This has all the earmarks of shorts spending a little money to walk it down. There is little doubt that some short players took advantage of the peak close yesterday.
Now a 1000 share whack @ .014....how does that fool anyone into a panic sell?
Thank you. If I ever go long on an issue, it’s because I’ve traded my way to house shares. I try hard not to sit on a red position. I’ll exit every time if I can’t see a clear path to establishing a “house position”. In 4 months it will be 2 years since my first buy here, yet I have never been in an uncomfortable position. Keep up your posts. They are informative with substance and I find them both helpful and encouraging. Luck, to me, is not a trading strategy.
Agreed. I’m giving my call a little wiggle room by saying .15 +
2 hours left to top 50 million volume. Volume = liquidity and will bring in new buyers. Let's see how the day closes. I think 50 million will see a .015+ close.
You either read back quite a ways on the board or looked into my post history. See anything else of note?
Those and more.
I have an open .0107 bid resting in my order status. MM's holding it back?
I still think we need 50 million volume today for a copper close. Quit sitting the bid. If you don't get them today, you'll pay more tomorrow.
On pace for 70 million volume. 50 million should have us see a penny.
Thanks. Clarity always leaves less for interpretation.
Thanks for the re-post. I've been around for a while. Been conversant with Kim on occassion since the early Fall of 2020.
Thanks for the reply georgie18. I'm well ahead of the curve here as a holder of several million "house shares" that generated profits while I was establishing a position ahead of the CE listing and halt to trading. My basis is .00038, but I, of course, no longer have any out of pocket cost
attributable to the issue.
I just get bothered when a poster makes statements, such as "BLLB has $40 million revenue", when, in fact, they have NO appreciable revenue whatsoever. I am hopeful that Aveneu, or some similarly established company, ends up reverse merging into BLLB. I would do quite well if that ends up being the case. However, statements openly stating that BLLB has $40 million revenue, without the caveat of that statement being assumptive or prematurely conclusive only serve to confuse the market and invite contentious replies.
BLLB does not have $40 million revenue. Avenu does. Your pronouncements of revenue and market cap are based on YOUR assumption that Avenu is merging with BLLB. On what do you base that assumption?
That is exactly what I thought at the time. Whether a merger is still a viable outcome has been called to question with recent events.
I consider that to be a valid legal opinion. You should file an amicus brief expanding, with supportive precedence, on your opinion. This should be done at the appropriate moment. There are a few plays forthcoming that will provide you both the proper venue for filing and the correct timing. I don't believe that moment is now. Just think, you could be a HERO. For real!
That's a great thought, but where is the revenue you mention?
A walk down is being attempted. If you sit the bid, you're playing into their hands and participating in the demise of your own position.
Really??? A $70 buy to start the day. Y'all know that wasn't a sell.
Consolidated is my word of choice. Newbies sitting the bid are accumulating only a very small amount. I am among longs consolidating the float from the weak to strong hands. I have sold nothing below .008 and have re-purchased every sold share while banking profits. Call what I do accumulation if you must...I call it consolidation. Semantics, of course, but nevertheless, that is my interpretation of current trading activity. Increased volume on par with pre-CE trading needs to occur for this to truly run. Waiting on news for that to happen.
As a long term player of this issue and holder of millions of "house shares", I am quite aware of and do not dispute your assertions. It is of little surprise that volume is up significantly from the days of CE restricted trading. However, I do not consider trading days that amount to less than 4% of the float to be significant. For this to move significantly will require volume levels at 10% of the float or better.
Not many buyers at the ask, not many sellers at the bid. Stuck on go due to low volume liquidity.
Volume necessary for continued advancement of pps will come from ask slaps, NOT bid whacks. Hold strong sellers and you will be rewarded. Sell too early and you're diminishing your returns. I hold millions at an average cost basis of .00038. However, my holding has long since been converted to "house share" status (along with 5 figure profits) due to effective trading over the past 2 years. BLLB is set up to deliver a 10 bagger from current levels of trading activity. I'll be fine stealthily exiting some of my holding on the way up with a plan to re-acquire some on expected dips as we move up.
Good points georgie18. BLLB is on pace for 40 Million today. If it can pick up a little, I think we see that .009 break with volume north of 60 million. C'mon flippers, bring some volume. Flippers and longs must be aligned for this move to happen.