it's never what it seems to be.
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i honestly think its a relentless debt collection from a loan.
i have a very close friend who is in this line of work.
and when the loan deadline is up, he tells me that without any shame whatsoever, he collects his money through selling shares LEGALLY.
what vfin and vndm do is not illegal in any way.
we hate on them, but thats the way it is.
i was told that they sell shares at prices that we may think are 'cheap', however for them, they are issues shares for debt conversion at a MUCH lower price that most here even bought a year ago. and many of them as well.
its annoying to see.
but its all part of the game.
hopefully this will be over one day.
yeah i think youre right there. it definitely was blown out of proportion.
but again.
it is OTC and people buy so many shares so low and when they see their gains dwindling, one dump is followed by another and another and another.
and the actions by vfin dont help either. debt? im not really sure what it is. but it isnt helping.
coupled with the share structure and the MASSIVE spike from the retirement news +mmj news and a 3-5 month downtrend.
and its here.
i do think the company has value. i just believe it was way overvalued at the higher prices.
is it worth 00's? i dont think so.
but its possible it will find its true value in the 1-2 cent range.
hopefully the audited financials give it a boost but i dont see 10cents for a while until the revs meet the O/S and equal a proper pps...
do you really believe myec does not deserve to be this low?
i think its just about where it should be.
well.
when you mess up your share structure and a PR and dont officially say anything about it.
well.
you see what happened.
when someone invests in a company they deserve proper explanations to mistakes?
or maybe thats just too much to ask? people investing thousands of dollars looking for answers?
i think it went down quite substantially actually.
really REALLY disappointing that the company hasn't shared any information in this incredible downtrend.
especially after the PR mistake, the FB Q&A. i understand it is costly to put out a PR,
but even an update via facebook would have sufficed.
something just explaining what is going on.
i sold some shares i bought when i read this msg
During the past few weeks, MyECheck has been engaged heavily on infrastructure issues, such as setting up and equipping the new offices, hiring and training employees, and delivering on licenses sold in the 1st quarter.'
seriously?
do you even really care? hahaha.
i hope its cleared up soon.
adding bits here and there until this bad boy finds bottom.
that 164 break wasnt good today
and the destruction of the weekly 50 mda....well..
you know.
don't think so....
gap n trap
really?
with a P/E of 25 (VERY GENEROUS for the pennies)
i think it will dip to the price of about 8/825 where it is actually valued at regarding the net revs.
i guess tomorrow will tell?
didnt break the 10 hard and all who know, know, 10 is a psychological barrier. just like 0.01. just like 0.001 and just lie 1$, where this may actually be headed in a few years if the financials stay true...
but thats a couple years, and not tomorrow.
regardless, going to be a great day to those who got in early.
just because you put it in bold doesnt mean its true....
i have shares... but i have a bid at exactly that price.
falls? no problem..
rises? also not a problem....
hope these audited fins come to fruition.
myec$$$
was just conversing bru.
youre welcome? lol.
hod break would kill it here.
would be oh so sweet to break the HOD.
the second pr would show up on ihub
get it together iscrub.
WELL SAID.
i read a post yesterday from someone i think it was hybrid trader he goes
'i aint giving vfin any more of my money'
hahahaha so true.
not with an o/s like this.
no.
absolutely no chance without an R/S which has been said wont happen.
uplisting rules require 10cents though.
and thats a nice medium term goal.
especially with audited financials.
the turnaround will come.
is it now?
yet to be determined i still believe there are forces looking to take this lower.
especially vfin that soggy c*nt
who cares if he does.
the content advisory board is equipped with juggernauts veterans and new.
ntek has a product.
product is selling.
selling of products is only the beginning as to what this company can achieve.
havent even HEARD of partnering studios, big box stores.
nothing.
fast forward one year.
299$ for a 4k streaming box with GAMING**** and apps.
its on.
Yah. If you believe penny CEOS
lol.
Just like 99% of pennies out there.
Smart money sold a lonnnnng time ago.
Capitulation hasnt even set in yet.
Maybe then there will be some buyers.
yo hybrid.
we know you sold half.
but dont start scaring people.
nothing is expected in this game.
it is day by day, play by play.
calm your nerves you made a good call kind of.
but let people have their moment dont start that doomsday ish.
remember when i said let it trade sideways for a bit at 17/172
i think the downward channel is at 25
when we break that...then yes.
i know the tweet definitely helped the buying out today.
im still skeptical about bottom since it was only there for 2 days. ive seen so many times a stock touch back.
especially if we hit that 200 and bounce down.
its gonna be a bumpy ride, BUT, if it does hold again and again then yeah ron.. you got your reversal.
lol epic.
ALREADY DID YOLO
ALREADY DID 77K
VFIN IS A BRUTAL MM
gah.
hes like a recurring bad dream.
vfin finally done?
used to own 12,500 at 0.78
then obama came out with that 'gonna wind down fnf' speech.
went from 1.78 and bounced off the dollar.
thought it would break.
nope.
bounced.
and then i thought.
those smart traders who bought the dollar because this will never go below that.
shaking my head ever since.
however,
great trading stock.
still make great money off it almost weekly.
good luck to all. i do believe this will be 25$ + one day.
might be a good flip today,
might even hold some..
really?
enlighten me id love to know what can be done.
no sarcasm i am actually really interested.
all it is now is a tax write off, friend.
you can use it as a way to defer any gains from being taxed.
at least in canada you can.
truly sorry for your loss man.
most i ever lost was 28k and it haunted me for a year.
good luck with the rest of your trading career.
my advice would be,
step back for a moment.
take a break and re-assess your strategy.
100k loss and it is most of what you have is quite devastating and speaking openly,
proper trading would not have allowed for such a loss.
hope you find what youre looking for bru.
juba.
bought so many as well.
its make or break time ron.
if you want that short term reversal you were talking about.
this is it.
RIGHT HERE.
RIGHT NOW.
its not a reversal though?!
so if you are calling reversal.
either you are just dead wrong. or pumping.
its pretty easy man.
5 month downtrend does not get reversed in 1 trading day.
if you think it does....then i hope you learn something out of this.
thats all.
reversal equals higher lows, and this is not it. not yet.
i know you know this.
i bought some friday and yesterday i know this will prevail eventually man.
calm your panties.
im just saying.
pumping it does not help.
it brings in newbs with shaky hands.
i keep saying let it hold the 50 weekly and trade sideways.
do you just read what you want to read.
check the post history brugenstein.
i know.
but that 5 month downtrend looms over my head.
im not saying anything.
i said it has to hold the weekly 50.
dont start getting maddd ronnnnnnnnnnn
ARE YOU OUT OF YOUR MIND
WHAT REVERSAL.
ron come on man youre a credible source usually.
dont pump this thing.
let it find its legs and settle.
you are only harming the SP buy having people buy just to sell .00X lower into the bid.
THINK here bru.
yeah obviously.
i posted the other day.
dont believe the people saying they are buying lets buy everyone buy.
they are probably putting shares on the ask for newbs to think its going to bust up crazy.
old tactics.
most of the people on the board are not your friends.
seeing shares traded at 2.00
hey benz.
ive traded greys before,
but im weary.
its pretty much limit orders to get filled correct?
no markets?
will buy in the 000's
possible gap and trap.
no reason for it to gap up.
Prove it
look at that ask.
miiiiiight just wanna hold off for a bit.
its not shooting up to new highs anytime soon thats for sure.
no one is selling any more.
they know the value.
maybe 17cents was too overvalued at the time,
but now it is clear that ntek has bottomed out and people are willing to at least hold their shares in the 7c range.
only a matter of time before the pps moves up with new developments.
no brainer.