Penny Stock Investor
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I believe most of those .04's shares that flippers got have been flipped. That leaves the question of why INTL did not dump on that nice bid. IMOP that is a good sign that their sell order is either finished or close to being finished. Today may give us a better sense of what they are going to do.
Either way, I like the bid and the testing of INTL.
How about the float? OTCN and INTL are diluting MM's. If those 13's get hit hard and they go up or away, then I will be happy.
Nice bid now! This is a test to see if INTL dumps to that bid. Interesting to watch!
I agree that manipulation and the use of social media to do so is widespread and especially in the OTC market. But when obvious dilution and MM manipulation occurs it should not be construed to be anything other than such.
Nice quick lesson! It took me many years of trial and error to recognize MM trading patterns. The very reason I have been talking INTL and OTCN for the past few weeks. I just hope they stay away and let normal retail trading continue.
Wow! Now OTCN and INTL want shares!
Perhaps a little DD would help you with the history of ENZC and the capability of developing moabs.
I agree Rockie! This is a solid article from a reputable journal. This as well as future articles will start to sink in with big time investors. I also think that more attention will be given to ENZC and the value being negotiated with the SAGA deal.
No blaming here! Just a fact that they primarily represent brokers that take in sell orders from entities and or big investors who usually have multiple millions to sell. Not your typical MM who represents retail. Just a fact of the market place but one in which we should be aware of when buying and or selling shares in the OTC. I try to follow their action and the approximate number of shares they are selling while also trying to determine where those shares are coming from. I am very much aware of when they move on the PPS usually reflects an upward trend. This has been especially true with ENZC.
Great article! This will assist with investors hitting the ask and helping INTL complete their sell order.
Both INTL and OTCN have a decision to make. Do the dump on that nice bid at .0012 or do they remain diluting at .0013? We should know by the EOD.
All looking better!
Only if they become a 501 C3 Charity.
INTL has sold approximately 900k this morning and that is great to see as buyers are wanting their shares. Getting closer million by million of completing their sell order.
Not sure either! The good thing is that they are not completely dumping on the bid. If they wanted, they could dump on that 500K bid at .042. I will be happy if they just keep us above .04 until their order is filled.
INTL continues to fill their sell order. Good to OTCN not on either the ask or the bid side. Looks to be completed for now. Anybody's guess who INTL represents and how big the sell order is. The more his ask is hit the closer we get back to true retail trading. Still a great time to add cheap shares IMO.
Looks like you're going to be busy. Good luck with the hip replacement. I have had both replaced and it sure beats the pain from the old worn-out ones.
Rockie, I have had various businesses over the years, and they never met my planned deadlines. I am sure others involved were frustrated as I was, but it never stopped me from moving forward. ENZC is much more complex than anything I ever dealt with, and I can't imagine the decisions that Charles and management are having to make. Agreements can be complex in nature, and I understand why delays are occurring and why some things cannot and will not be communicated until it is time.
Complaining shareholders will accomplish nothing more than to deter others from investing and or trying to bring the PPS down even lower to assist in them buying shares. Now that is just my opinion and the way I go about making investments in the OTC. But for others, to each their own.
Amen!
Gotcha!
Multiple right pocket, left pocket (cross sell) transactions by INTL this morning. Could be a sign of him wrapping up a sell order. Watch and see!
Great post! We need to just let things develop! Making flippers and traders money is not on Charles agenda right now. Patience is the key!
Yes, I keep monitoring the activity this morning and hopeful that OTCN stays away. As for INTL, it is hard to tell if they have a sell order or are they shorting along with GTSM? Buying activity will help offset what they are doing.
It will be interesting to see what OTCN and INTL will do today. More shares to sell and fill their clients order? Must be getting close now.
Thanks Timing! Another reminder of multiple things progressing. At some point in the future we will have significant news that will move the PPS rapidly higher. Just a matter of time.
OTCN is being aggressive and dumping on the bid. As the bid built on .048 OTCN eagerly sold. Now we watch to see if they continue to drop the ask all while watching for nice bids to come in. That sell order they have may be getting close to being filled. Hope so!
Well said! Just a lot of noise for now!
While I am not as detailed as you on the record keeping, I do monitor MM activities. By knowing that both OTCN and INTL are known for selling (diluting) stock it is simple to watch their daily activities. Just like the days following the 15th OTCN became aggressive in the selling and continually dropped the ask to be the one hit by buyers of the ask. When large bids were placed a tick or two below the ask, they would bid whack it. INTL will at times do the same and when they both are being aggressive the PPS can come down significantly.
Today we see a holding pattern on the selling price around the .0516-18 price range and when hit several times the price remains steady. On occasion today we have had a large bid whack. When large bids not being bid whacked it is a good sign and may indicate the sell orders nearing completion.
I believe if you dig deeper your will find that the court ordered the shares to be released by Empire and against ENZC's wishes. Since a lawsuit has been filed against Savov by ENZC.
Their has been plenty of selling by OTCN ever since May 15 that could have very well been for Savov. With 250 million traded since May 15th the opportunity to sell most has been there. Now we wait to see if and when OTCN drops off from the selling. If it continues much longer we know that we have another seller (if not already with INTL).
In time Dyno in time!
Yes, a move up when we hear more good news and/or when the selling of those 158 million shares is completed. In the meantime, buy all we can and be ready for the move up.
Since April 19th a total of over 158 million shares have become unrestricted. My bet is that Savov (71 million) is about done as witnessed by the aggressive selling by OTCN the last 2 weeks. INTL may be the broker that represents the other seller and at today's rate it will take a while. Big news could change the buying rate but If it is some entity other than ENZC it may delay any news from Charles. I would think that if ENZC needed more funds they would wait until the SPAC deal is announced and the PPS much higher.
I rely on the fact that things continue to progress. No red flags of concern for me. While some may get anxious about how fast things move alone, the continued developments are for the long term and the daily fluctuations of the PPS should not worry those who see the disruptive technology in the medical world.
Wished I knew! We can all just guess! Savov???
Not as I say! You can check it out yourself on OTC Updates as of 5/26.
It shows as of 5/26
AS: 3.9 Billion
OS: 2.9 Billion
Restricted shares went down 81 million (from 4/19 and 4/27)
Unrestricted shares went up 81 million
And just what signal was that?
Yes! I keep thinking that OTCN is done but he has been relentless ever since the 15th of May. Not sure where they are coming from and I chose to believe they are the new unrestricted that became available on April 19th. No way retail is dumping shares like this.