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LAWSUIT is all that matters right now! GL
Who knows with this company. What we do know is this August date is it, that is, unless both parties agree again to another drop dead date. The 1st case and really the only case is what matters, if BYOC loses it, then they lose the 2nd case as well. May 1st or around that date, the jury trial will get started, and we'll see what comes out of that. Win or lose, I would suspect there to be an appeal, so unless there is a statute in Minnesota law prohibiting an appeal, this case could go on easily till August.
New memorandum filed today.
This matter came before the Court based on the agreement of the parties.
IT IS HEREBY ORDERED THAT:
1. The case is set for a date certain on 8/14/2023.
2. Unless otherwise referenced above, all dates and deadlines from the Scheduling Order
remain in full force and effect.
BY THE COURT:
Dated: ________________________ _______________________________
Fully expecting to see the real volume i've been waiting for once we get through the .004 level. Want to see those 20 to 50 million days! I'm fully loaded! GL
Don't get your hopes up Raw. This smaller/2nd case which is up for summary judgement on April 7th most likely will not happen. It was discussed in earlier transcripts about why this 2nd case was taking so long, as it turns out BYOC case in this second case is also based on Jean's fraudulent actions. I don't believe they have enough evidence of fraud to be awarded a summary judgment in this case. I believe this case will follow whatever happens in the 1st case that is going to jury trial in early May. If BYOC can prove fraud in this case and get it thrown out, i'd expect the same in this 2nd case. If they lose, i'd expect them to lose the 2nd case as well. Regardless this is going to come to a head within the next 45 days. I'm expecting to see the 10K on Friday the 31st. I'll be looking to see if insider ownership has changed at all. GL
LARGE? Large? or large? What's large... do tell! GL
I don't see how anyone can look to L2 when the volume here is and has been nonexistent for weeks to say the least. Todays PA for example was one large sell order by retail right out of the gate, how do you make this M manipulation? Regardless of what they show on L2, even your so call walls are miniscule. There is no volume, especially on the buy side so when someone sells into the bid as they continue to do the pps all but collapses. Companies like GSTC that moved on Tweets alone will 100% of the time die on the vine when the tweets stop and retail starts to believe they've been had. This again is the OTC, as i've mentioned before here, one should always be selling any CEO tweets! Especially in todays OTC. GL
What makes you say its being manipulated? Because is been dropping? What's the difference between now/ the so called manipulation causing the pps to drop and when Jim puts out manipulative tweets that are just meant to drive up the pps? This isn't manipulation at all, this is a pps slowly being bled by retail that are slowing giving up hope. Nothing more, it's happening all around the OTC. GL
Yes, it was! A lot more hidden shares than were showing on the bid! I wanted to see what they were hiding. My order was for 527,350 shares at a limit of .086, and it took them over a minute to fill them. When real volume shows up, this is gonna move quickly! GL
lol, yes i suppose so, but i don't see that happening with their current A/S it makes no sense. What would they end up with 10 shares in the float? They've boxed themselves into a corner by reducing the A/S as much as they did. I still expect this to run and potentially run nice... With that said, $6 bucks i myself don't see that happening, but hey anything is possible in the OTC market. It's more than obvious by the PA over the past month that the shareholders new, & old are lacking in trust when it comes to what the CEO has said to date. Anyone can post #'s until there verified by audit its clear buyers could care less about tweets and pr's by the company. Proof is in the pudding/audit! I still feel good about my entry levels at .065 and .07 and even better with my sells at .19+ both times we visited that level the last two times we were there. I've got more GTC waiting in the .19's and at .20 GL
ahh, got you! Even the better companies in the OTC, one's filing on time and seemingly doing the right thing lie at least 1/2 the time, and so grossly exaggerate their pr's. BMXI is no different. Retail is finally starting to see this, and they're trading accordingly. Forget about selling the news, its selling the rumor in the OTC to beat the crowd especially in these low floaters. Until this gets over $.185 this ticker goes nowhere. Folks talking about $6 just reminds me of how many gullible sheep that are still here that need to be taking to a slaughter or two. GL
Lol, then you dont invest in many if any at all. Tell me just 1 OTC you trust! The name of the game trading in the OTC is "use them before they use you!" there is no other way to play the new OTC. Holding any ticker long term is a death sentence to your capital! That includes BMXI. It's why i was a selling on both these runs to $.18 + GL
LOL, yes get over and more importantly close over the $.185 GL
This is the otc bud, remember that. PA today was very clear. Fyi those were my orders at .1975 as I specified last week. There is a reason why some sell into the news. Those that intend to make $$ in the new otc. gl
For sure, I totally expect a lack luster earnings, of there is one and a sell off tomorrow. Gl
might be, just saying it's gonna take some real volume to get through .014. .011 right seems to be getting sold into the last few attempts. gl
for sure raw! Gonna take a lot more volume than this to move it. In order for this to get through .014 it will take real news not a tweet imo. gl
slim to none buddy! Court records from late last year basically determined that this case more likely will be determined with the resolution of the 1st case. I don't see a summary judgement or either side anymore. Imo this goes to a jury decision and your guess is as good as mine as far as an outcome.
a few years ago i might agree with your assessment. OTC is a completely different game now. You simple can't hold play without an exit strategy anymore. Those that don't become long term bagholders wishing they did. Not saying that to be mean, but that is the reality now in the OTC. Lots of traders are up 100 to 200% + and that aint nothing! Deleveraging your risk when going into earnings is never a bad thing, again especially in todays markets. GL
Nice trade IVRT, and i 100 agree with you. There are a ton of new traders in the OTC since 2000 and most have itchy trigger fingers. You've got to lock profits when you can, and its not easy in these low float plays especially when playing a large position. I expect if we see the Q next week we'll most likely see a pullback but i don't think it lasts very long at all. GL and nice trade.
Its really not about wanting to get out. Hell i'd love to see it run to $6 but again this is the OTC and at some point you must sell if your going to live in the OTC, especially the new OTC. I was lucking enough to buy the bottom on 1/10 at .065 and .07 and put GTC sells in at .1875 and .19 that hit on 1/25 selling only 86K shares i had 2 more that didn't get filled that day. We'll see tomorrow if those get filled, 27K at .1975 and 20K more at .20 most likely on NITE. I'll continue to unwind this play on the way up as i always intend to do. I'll do my damnedest to sell the TOP, and there's always a TOP. It's not because i want to, its because it was my plan from the day i entered, to collect profits, 200% on those 1st two orders! GLTU
100% agree! I would be very surprised if we didn't break at .1845 level tomorrow and see nice volume come in. The chart is set or a really, really nice move! GL
i still think the .1845 high from 1/24 is the real resistance level we need to close above. Even a break above that level we should see a nice increase in volume, but we need to see a close above it or we most likely see a repeat that we saw on 1/25. IMO those that wanted out already did since that high on 1/24 as we are back at the same level on a fraction of the volume during those few days. We could most certainly could see .20's coming tomorrow if we breakout. GL
Yes, just below where I expect things to get interesting! Gl
Yep, but I expect that to change once and if we clear the .185 to .19 range. GL
I really don't know any more with that ticker. I won't be around to see it if it does that's for sure.
Hello Raw, Nucor imo is likely gonna move lower in the short term to fill the gap from late Jan in the 155 range and the 50ma. gl
Where's that guy that said the .0061 gap would get filled when everyone was saying no way, not this time... O yeah, that was me! How many sold in the .02's?? As usual, not many retail, but the company, however, hmmm. GL
Let's see some volume now! $BMXI
not really, lots of consolidation going on across the otc. It's a waiting game to see if we see another leg up in some of these plays.
It's on my watch list
You'd like to see it hold the 160 level and make another run at its 52h in the 185 range. I personally think things are better than many believe. Higher inflation, yes, slower growth yes, but growth non the less.
Lol, the dude says a raise in A/S and a R/S amounts to the same thing, is well... laughable! Then to add that AIAD will have to enforce another R/S which they've not done one to my knowledge in over 5 years plus, the last RS was 2011. This ticker just ran about 1000% in under a month, not to mention it ran 5000% 2 years ago. This ticker has been one of the top 10 best $$ makers in the past 5 years in the OTC! So they're diluting HA welcome to the NEW OTC. Still expecting a gap fill here this week or next. GL
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wrong board bud, but that sucks for you all over there.
Hello raw, it's quite clear when looking at the bond market as well as the whole market in general. No one believes the fed. He's lost all credibility. The only thing that really points to a solid recession coming is the inverted yield curve. Even if we see 2 quarters of neg GDP growth a "the real definition of a recession" if most likely isn't going to feel like one with a 3.9% unemployment rate. Powell is in one way getting what he wants a slowing economy, as earnings and call projections show. He needs to continue to see it in the CPI/PMI data in the coming months. IMO inflation is going nowhere anytime soon, and i mean years! At some point he'll be forced to go the way of Japan and just concede, it's also imo that has been the plan all along. Strengthen the banks as they did back in the 70's for a decade plus. Banks can now finally make money. Who's the FED? Our central banks, which is made up from our banks. Citi and JPM hold the most assets as of 2018. I don't see them being able to play this game for only a couple years at best due to the 33 trillion $$ of debt. By 2025 only Social Security/ Medicare will likely be more than the interest we are paying each year on this debt. Yes, that's mean more than our military.
2023 i see the Dow challenging to make a new high. I think the S&P will be positive ending the year in the 4200/4400 range, with big tech pulling up the rear. Most young traders/investors only know tech. A historical chart will quickly show anyone that when tech crashed or ".com crashed 2000/2001" it took 15 years for the Nasdaq to regain its highs from 2000. The markets will be a traders market, meaning paying individual stocks will be better than trying to play an index to make the 7% to 10% market long term avg. With that said the OTC has most likely bottomed out on 12/28/23 and we should start to see more larger buyers coming in and speculating in 2023 with rate's stabilizing. GL have a good weekend bud. BYOC
It's certainly a possibility raw. Geordan up until the last Q he's only purchased 300 million shares in exchange for his salary in the promissory note. This Q will be 1 year since he's bought those shares. No one knows more to what's going on behind the Geordan when it comes to the (Case, Merger with Eletric Build, Service 800 never ending need for $$, Incoming dilution...) At the end of the day, the PA could simply be a retailer that bought several hundred million shares at .0002 and .0003 missed selling those shares when it ran to .0009 and is just fed up with BYOC lack of movement. Knowing BYOC has little chance to do much until sometime in May and so many other tickers moving the FOMO might have forced them to sell. Totally understand. GL
Until the case is settled, this ticker is dead $$ plain and simple. I want to see the next Q because something isn't sitting right, with the constant re-upload of .0003's we've been seeing for months. That most definitely includes the 550 million we say get exchanged on 12/2/2022 then magically the same day the bid and ask refilled to almost exactly the same # on both. With the O/S updates remaining the same meaning there is no Discover Dilution currently. I have my idea, but i'll leave it at that for now. GL BYOC
4.5 mill PM good start! GLA
I agree. Especially when you what the volume on L2, all these buys have had little effect on the bid and ask. The Q should help. We know it's not dilution as the OS was updated on 2/1/23. No change.