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Stalemate and a lot less on the ask than last week, .0003's had 100M on the ask now only 45M or so
VFIN on the ask will prevent any movement this week, just need the support to maintain the .002's
L2 looking better to start the week 30M at .0002 and 48M at .0003
Here come the large block dumps
Not at all, why PR anything at this point when they have not completed an audit, they need that audit complete before they can file paperwork with FINRA as FINRA will require the audited 10k
The only reason for the company to release a PR is to manage the PPS, i'd rather they focus on the business.
Look at other reverse mergers and their timing and you will see nothing out of the norm here.
they filed an 8k with the SEC that was audited, no reason to think they are not preparing a 10k
780M in accumulation since 1/15, a big chunk of which is at .0002, 20M today on 2's
Grabbing cheapies but everyone willing to bid sit, if they are sooo cheap slap away
this is one in which i will happily load .002's and low .003's until the pop
Not to mention if all sold out at .0001 everyone would be selling at a loss, not likely
hard to go no bid with over 400M on the bid
what are you looking for? Ideal entry was Weds, could go back but chart will look better and result in more gains if we hold .0028
Daily 200SMA at .045
Just want to close above .0028 which if can hold as support will continue the climb north
Always got to love the fly buys who yell key words, scam, halt, reverse split
No one knows anything except that the company has given the impression that they understand the importance of a loyal shareholder base for a newly public company.
This is a waiting game of attrition but am willing to hold out till 10k filing for a potential 10x-50x
I'm waiting to get rest of my fill, had few extra bucks happy to take some more 2's
Accumulation has been very high and increasing with the .0002's, scam or not this will pop from these levels
All about how much dilution, BKRT holding big block on ask as evidenced by 1.26M dump
Just the options have .005 fixed price, converts have .0025 fixed price which is still good and better than 99% of terms for OTC converts
Just need to ensure that flippers do not kill the momo, not that much volume to attract to many but if we keep pressure on this should hit .005 no problem and .0068 after that
Chart looking good, just need dilution to slow down
With the amount of new posters popping up screaming trips, scam, R/S and so on tells me one thing. Everyone wants to load the bottom and ride the bounce or they would not be here.
Everyone knows this will bounce or again no one would care to even be on this board, so I will continue to wait and make a decent return when the reversal does come in.
Would be great to close and stay above .0028, broke out of the downward trend on the 14 day 60min we had the 20SMA and 50SMA converging at .0028
I think it now limits the downside though, $200k is a lot of money to put up with a fixed conversion price of .0025
To me it means they know the price will go much higer
Typically yes but how many shares does BKRT have? No one knows, now if we see them retreat then it is time to attack
Again, if the ask was slapped it would go up temporarily and without continued support BKRT would sell it all back down.
BKRT has this hostage
With BKRT on the ask there is no reason to do anything but bid sit, until they are done converting/dumping the price will not sustain any movement as it will be dumped into.
Smart money waits for their target price and does not chase
Good news today and great structure on the financing as it is fixed and puts a decent floor on the share price at .0025 as those who lent $200k will not let it stay below that value or they will lose.
Also granting options at .005 for 40M shares is decent price as well, it means they thing the price will at least double as no one would accept that option agreement if they thought they would never be in the money.
Overall this news shows that these are great prices to buy at
Simply due to institutional MMs bid sitting letting BKRT feed them. How low who knows depends on how much is being diluted.
Correct, even certain mortgages do not allow for early pay off
Volume before price, Since Nov price has declined from .04 to .004 beginning on January. During that time there were only 3-4 days of volume greater than 1M
Since the 13th there have been 12 days of volume greater than 2M totaling about 93M shares causing the price to go from .004 to .002
Now most of that volume was dilution but someone is absorbing the shares as that equates to about $280k give or take depending on average PPS.
Current A/S is 600M, once dilution lightens up and with the right news this will be right back at .004-.006
Institutions are smart, with diltuion and no pressure why would they. They will keep moving down and let BKRT come to them
has been slow with the buying, but will run as there has been a lot of institutional MM's on the bid past 2 days.
I would rather them be silent until they have everything taken care of. If they released some generic news it would possibly cause a pop but it would then retrace as the company goes silent again.
This route they can get all of the "issues" out of the way and when they want to start the PR train there will be no reason for a pull back.
Yup BKMM has L2 boxed out
Exactly, and with blocks of 20-50M being sold who would be buying those, as for every sale there is someone purchasing.
In fact on Monday at 3:50 in 3 blocks 70M shares were sold. Who bought shares totaling $100k
Now it could all be lies and smoke and mirrors, but if the debt is reduced to almost zero by end of Q1 and we get news of franchises opening in Philly and other North east locations combined with increasing revenues and stong balance sheet, people will flock back in droves.
And something tells me there is loading going on, These larg 20-40M blocks being sold are not affecting L2 which means they are being directly placed. Someone has gobbled up in excess of 200M in large blocks this past few days
This will bounce back hard, people complain about dilution and high A/S O/S but look around the OTC and show me ones that are not like that.
One difference is, they are selling product and increasing revenues. When i see certain companies with 2-5B in the O/S with little to no revenues trading at .01-.05 how can anyone say that this wont run.
Not saying this will be a long term investment, but it will run
LAMP taking out 15's is a good sign
Dilutors have not been on the ask, NITE and CDEL have been doing the selling. My guess all retails
thinking converts are rushing to convert at these levels as they are attractive and they can get a crap ton of shares.
that is why we are seeing the large blocks going off