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Is was a layout of potential options that was included in the elaborate financial forecast file that was public on the Sooum site prior to the merger completion, once people found it and started chatting about it, it was made private shortly thereafter.
I was sure to keep a copy for myself at the time as it was a very interesting, professional and detailed excel workbook including things from cash flow, revenue, expense forecasts to breakeven analysis and PPS projections.
based on the financial forecast file that was on the Sooum website prior to the merger completion they do not seemed determined to have a R/S as they laid out their equity plans to include the current O/S
they did present one case where they would consider 100 to 1 which if done properly might not be that bad, but this was one option out of 4 presented with the other 3 not involving a R/S
I would agree, as if something negative were to go down, we would see it bounce at some point to allow those who loaded in 2's to sell.
The fact that the wall on the ask has remained to me shows that people want to grab as many as possible or they would let it go at some point for a dead cat bounce before it was finally put out to pasture.
But someone has not wanted this thing to move at all and is content sitting at 3
Interesting to see LAMP at the top of the bid at .0016, they were at .0012/.0013 yesterday
I guess you feel there will be a R/S? Otherwise its worth a gamble IMO
whats wrong bones don't see the upside here?
Forming an ascending triangle on the 60min from what i see, break of 19 could set mini pop
good buying but wonder how much BRKT has to dump
Bid getting larger by the day and now MAXM wants some at 2 instead of 1
remains to be seen, but there was some heavy dumping today and we went up, this was the type of day that crashed the PPS couple weeks ago
VFIN in top of the ask all day, dumping large blocks into the bid resulting in decent volume and closed high of the day.
an interesting one to say the least
You still seem to say a lot with out really saying anything
we hit a low of .0013, there was about 10M in support there, then price spiked as VFIN backed off do to massive slapping.
Then over 50M is sold into the bid at .0015 without a change in the bid support or price.
You are saying retail TA traders all of the sudden in the matter of minutes all got on the bid at .0015 to the tune of $80k
Some pretty bid retail traders if that is the case, but why would that level of selling into the bid have no impact on the price or the bid support?
Trying to have a legitimate discussion about the trading and you seem to have little to offer than its going lower, which might be true but could at least respond to questions being asked instead of acting like a basher simply screaming, dilution
That is merely speculation on your part as you do not know who bought those shares or how many people it was any more than i do.
One thing is for certain there was not bid support showing anywhere near 20M let alone 50M to have no impact on the bid as far as volume support or price
Also seeing many institutions at .0013 means there is interest beyond just retail TA traders
But that doesn't answer my question, if that is the case why would someone spend $75k on shares at .0015
Well that is what happened, for every buy there is a sell. there was just like 50M in dilution dumped into the bid at .0015
Thats about $75k in one shot and the price is still positive. Not saying it won't go lower but someone is buying a lot of shares or this would have hit trips
The questions is who is buying all of those shares
that was almost $85k in stock without crashing the price, there appears to be someone lurking with quite the appetite
Who do you think it absorbing all of these large blocks, so far today 10M, 12M, 16M blocks all sold
WEll if they want to dilute now's good time 13M showing on the bid
well the slappin was enough to get both VFIN and BRKT off the ask
Big blocks sold today into the bid that did not effect support, in total 20M shares went into the bid in 2 trades and support was unchanged.
Lot of MM action today and lot of institutions hovering at .0013
As long as there is no R/S this will be quite the play with people jumping hand over fist trying to get in once all is known.
The 10k will come, until something changes why would you sell now
there has been zero dilution and the company has followed through on everything that they would say.
they are working on 10k and FINRA name change approval until that comes we are in waiting mode just like all reverse mergers
i expect after all is revealed for their to be quite the run, I do not think it is a share selling scam. And if i did would not waste my time with it
there are many scams on the OTC, i do not make it a habit of trolling those boards and constantly post about how sucky the stock is
TA has always been gagged since last January
I always just find it funny when the same group yelling buy, to da moon starts yelling sell, its going to crash
Just seems like a lot of flippers around wanting the price to go lower to load up to flip some more
Understood, which is why i waited around and bought in low 1's, willing to hold these for much larger run that will happen.
Always love those that think their way is the only way, I've done well for myself thank you and there are more than 1 way to make money. You want to play the 30%-50% swings go for it. I play the 200-300% corrections.
Both can be lucrative, but glad you think you know it all
No problem, i will be sure to ignore those who pump, pump, pump. Sell, bash, bash, bash buy. I understand the game.
Oh course i do, you are a day trader interested in the day to day movements.
I am willing to hold and not flip back and forth as i have a full time job that i make a good living on so do not need the liquidity on a month to month, week to week basis.
If i feel that i can make 200%-300% by holding a couple months I am more than happy to ride the swings down and up until my target is reached. I will only sell if my forecast changes and sell when i feel it will not go back up
That is a very short term view which is only useful for day traders, will it be higher 15-30 days from now?
Can you tell me with certainty where the price will be in 15 days? 30days? No you are merely talking about the day to day for trading purposes
Because no one knows what will really happen, only educated guesses based on current information.
Could you be right, sure just as much as you could be wrong. What makes the market work.
VFIN is also in the bid at 17 and PUMA 16 so some bigger fish and not retail are willing to buy
wrong company
Agreed, but on a plus VFIN is on the bid
Breaking of .002 support is not good for overall health of the chart and investor confidence.
Lower highs and lower lows never a good thing
3/31/15 but can file 15 day extension till 4/15
45 days after period end 3/31/15