Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well you have been right too many times for me to legitimately argue with you, but I’m hoping there is less than that
Maybe you’re right. I’m just saying it doesn’t look that way to me.
Also, why have your posts got so bullish all of the sudden? You used to poop on this stock daily
Haha still not on the positive side. I’ve guessed there might be 20 mil.
There are also guesses that there are way less to churn through. You don’t always have to mention the negative extreme
Egold, I’ve already told you why I think the trades posted after hours are dilution. It fits in with the price action. It also matches what I’ve seen in other tickers.
I’ve already explained the whole process of notes converting and then later being dumped into the market, it’s all part of the process of “dilution.” Call it what you want but it’s shares being added to the float.
We are both longs here, I’m just trying to be realistic and objective.
Glad you agree the o/s won’t go up
Don’t really understand what you just said, but one reason we can be fairly sure that those after hours trades were dilution is because of the daily trading action. We can’t move up at the moment, and that most likely is because there are plenty of shares for sale every day recently. Once that ends, the trading action will be different.
Everyone seems to only looking at the .15 and .20 conversion for the loan, but totally forget why RB Capitol was willing to do it in the first place.
I only say it was dilution because 95% of the time it is
Maybe you are right, but I doubt it. A few weeks ago after opti announced a 2 bil. dollar deal it was obvious that a lot of dilution was happening in the days after, there were also huge trades posted after hours, but it wasn’t labeled as a t trade. My guess is it still was.
It would be awesome if someone is accumulating before some big news, but I just don’t think so
Again those t-trades after hours are just markers of large amounts of shares that were unloaded into the market during hours. Yes, someone bought them, but it was just retail buying and they did not buy them in one chunk. It’s just shown as one chunk buy because it’s just an average price for all those shares shown together. The mms didn’t want to show the sells during hours so only posted after hours.
Hey Emit, sorry i don’t have private messages. The notes that could be converted at 15 and 20 cents are only if Gary doesn’t pay off the loans before the end of the term. It’s just a way to make sure RB Capitol gets their money even if the company doesn’t pay the loan in cash.
The shares i have been talking about are the ones PCTL used to initiate the deal. The note with 31.5 mil. shares that RB Capitol bought and then PCTL lowered the strike price to .002. These are the shares that have been coming into the market recently.
I’m not saying the o/s will go up. I’m just trying to tell you that there are still shares coming into the market from the conversions. That’s why we have selling pressure. I guarantee you RB Capitol is selling their shares. That’s why we are showing those t-trades. They are dumping shares daily.
We were consistently in the upper 600 mil. o/s for awhile. My guess is those shares were dumped as they were converted. We were at 680 for a bit, so from 680 to 723 is 43 mil. I think a good portion of the 43 mil. has already been sold, so might be close to only 20 mil. left.
Maybe I’m just being positive, but that’s what I think. Should be through those in a few weeks I hope. Might be very wrong though
It already increased the o/s....please read the posts I wrote.
Definitely not that many left
Both are super annoying. Hence, me sending similar messages to you, Egold, and Cherry
Egold, I feel like I’m exposing this clearly but you just aren’t listening. I didn’t say the trade today raised the o/s. I said it’s a product of the converted shares(the converted shares raised the o/s), now those converted shares are in a third parties hands. They can choose to keep them or sell them into the market at any moment. Because they don’t have patience, they will start selling them into the market once the transaction happens. As they sell them into the market it’s the conclusion of the transaction and the market share is diluted.
For instance, 31.5 mil. shares were converted and given to RB Capital, once they received them, they begin selling them into the market for a profit. Maybe at this point they have 20 mil. shares left, they might sell another 2 mil. on Monday and be down to 18 mil. This will continue until they have no more shares, until they are finished their will be down pressure on this stock which is the final step in the whole dilution process.
So until we have all the converted sharesin the market, we will continue to see this price action. Obviously, prs and other news will affect the speed of this happening.
Niczar, everyone knows that. We are just tired of your whining though.
Egold, what I’m trying to tell you is when they are converted the process isn’t over. The o/s increase is just on paper, until they are sold into the market the effect isn’t realized. So when they were converted nothing material happened yet, now as they are being sold into the market(the recent t-trades as proof that they are continuing to be sold), then the affect on the stock price occurs. So until all the shares are sold off, we will continues to see selling pressure. Hence, I can say it’s dilution because it’s all part of the same process.
Still don’t think you understand, but I’ll leave it at that.
Looking forward to next week and beyond
Agree, I don’t think we will see an o/s increase for the foreseeable future
Egold, to pay off debt Gary made some deals and used shares to pay it off, he raise the o/s by doing that. Now as the 3rd parties are selling those shares into the market, there is selling pressure as more shares are added to the float. Hence, is staying around .02.
Just because it was good for the company to make these deals and has a purpose, doesn’t mean it’s not dilution. Dilution means more shares are added, that’s what happened. Stop parsing words and come back to reality. I’m a long too, but doesn’t mean you have to have your head in the sky.
Don’t think that’ll happen in the near future
Check out namtae’s previous posts, he’s unfortunately right. When the shares are converted and given to the third party they come into the raise the o/s. When the shares are then sold into the market happens afterwards. Our o/s has been raised, now we are just waiting for the 3rd parties to finish dumping all their shares into the market. It’ll take some time.
Dilution continues
Hey DE, we would love to hear any updates with how business is going? Interest in the Annihilyzer? Oil and gas? Hope all is well
Thanks namtae, you are correct. How long do you think it’ll take to burn through the rest of the shares?
That’s not what t trades are, they are shares sold into the market during that day, but were not posted during market hours. That sell price shown is just an average of what the 2 mil. some shares were sold at. It means dilution occurred.
Dilution is usually not our friend, but this t trade possibly signals the last of the debt deal shares hitting the market. Meaning we should be able to hold our gains from here on out.
Namtae, the numbers are there, we have hit the 723 mil. number already. They have been sold into the market.
You might end up being right that there is more dumpage, but that’ll be only because we were lied to, I hope that’s not the case. However, as it stands right now, the dumpage should be over according to the numbers.
Exactly, it appears the final shares were dumped today. If that’s true and we aren’t being lied to, there will be no more dilution for the near future.
Now of course this post will have have about 5 replies all saying that there are a bunch more shares that will continue to flood the market and the price will continue to drop...but as I said, if we haven’t been lied to, in the prs and privately, then this will start the move upwards.
Let’s see what happens
And that’s why we aren’t getting much interest. 400% in a year is not much for the otc, traders regularly get that in a day in many stocks. We had the run from near trips to .09 cents, that’s what the otc is all about, a few press releases when the stock is subpenny and let it fly. Just saw one run from low trips to .05. Happens just about every week recently.
We are in a new spot now. The initial excitement is gone and now we will have a slow March up. Don’t expect many to get excited about that except for those of us who are already invested.
My guess is all the shares hadn’t been dumped yet, still a few to go tomorrow or maybe they were dumped after you called
We know what has been going on, they have been diluting, but I believe that will be ending soon and with the proper news, we should be able to go up
I believe some of what he says is nonsense also, but it will hit .03 by the end of the year. My guess is the .06-.10 range, but that all depends on how management does.
All I’m saying is that there is a reason the “gap” fills, it’s because many think like you expect it to go down, hence the selling pressure and then it does go down. The only reason we can expect a gap to be filled is because everyone thinks it actually will be
Gap fills are just a self fulfilling prophecy, only gap fills because people believe in gap fills. It’s ridiculous
Sorry Fathoms, I’m a believer in PCTl, but the OTCQB just won’t change much. Not going to affect the share price
Agreed, that is not true at all.
I’ll let you listen again and see