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CDEL back on the ASK only early this morning, never a good sign imo, but we'll see how today goes. As of late, they haven't shown any premarket BIDS/ASKS in awhile. Unless we get news or something, could be another shakedown.
Yep, bought all my shares in July/Aug 2020, with a avg @ .0004
Yep, CDEL trying to hold right here until vol comes in and blows them out of the water. Only way to end these games is with overwhelming buying vol and force their hand. It will happen eventually.
Yeah don't worry nothing to see here boys......lol
Yeah nothing is happening without volume, and I mean at least 150-200 million shares minimum at this price level. In the days leading up to the all-time high, we were trading I believe around 30-50 million $$$, not shares. Outside of the conference and the following couple days, we are basically trading around 2 million $$$ or so, not anywhere close enough to move the needle here. No need to rush anything or try and pump this, our day is coming at some pt, probably around the 3Q imo. Could we get a bump up into the 20's before then, sure. But in order to go much higher than that we'll need a major catalyst, which probably won't happen for a little while.
Patience is running out with a lot of people here with no updates from Mark on when the NI 43-101 will be completed. To make matters worse, the recent rise in infections in India is causing many to believe the delay will be very lengthy. Mark said on January 17 he was working on a press release to update shareholders on possible paths forward, and still crickets almost 4 months later. Couple that with his primary objective, which is to get STHC current with the OTC, which of course requires the NI 43-101, and it's hard to sometimes make any sense of him and his way of communication, or lack their of. I don't understand why he can't RM Ameca Mining into the shell without the NI 43-101, or he simply doesn't want to until then.
Yeah that's the only thing that will get things to change here is some major news. Vol is completely gone from the OTC, going back to late January/early Feb, OTC was doing around 5 billion $$$ traded a day, to roughly around 2.5 billion $$$ traded now. Until some of that money flows back into the OTC, you're going to have a really choppy market that is easily controlled by the mm up and down.
Yep, I'm also definitely watching the 200 dma closely to see if we can at least hold that level.
Level 2 looks fine but that's not the problem here at the moment imo. There is no vol since interest has been temporarily lost with the timelines set out by CC in their latest PR. We can expect very choppy trading until a catalyst hits or we get a little further along and closer to some of the upcoming milestones.
What excuses? Go back and read the latest PR by CC and let that be your guide. He clearly laid out all the milestones and subsequent timelines for everything that is happening currently with ENZC. If/when he does not come through or is unsuccessful with these milestones, then you can have every right to be upset. Many people don't want to hear this or have absolutely no patience for a biotech R & D company, but things take time, normally a lot of time before they can be successful. The companies just officially merged on Dec 1, and have an enormous amount of things in the pipeline, most of which will happen by the end of the year. If you don't have the stomach for the daily up/downs that you will experience in the OTC, or simply can't wait for another 6-9 months to see what happens, then ENZC is probably not for you. Eliminate the noise from both the pumpers and the bashers, and trust your DD.
I'm definitely with you MAGA on the manipulation side of things, as I agree the fuse was lit right before or during the conference, and then panic insued which made things even worse. The only way to battle mm manipulation in the OTC is with major vol buying, and without that the games will go on. Huge ask walls, big spreads, and dropping the sp once the ask is hit has all been witnessed here over the past couple months. But ultimately in the end we are going to need to see those 30-50 million dollars traded days to get us to the next level, it's coming just a matter of time and the right catalyst to hit.
I believe we'll get a technical bounce down here around the 200 dma, as that has acted as great support. After that we'll probably hang anywhere in between the 200 & 50 until we hear again from Mark. Patience is definitely being tested for a lot of people, as Mark hasn't said a word since January. To me the stock has held up extremely well, considering the amount of delays we have had.
To me MAGA we are in that lull period, where everyone used the conference to sell off and we had enormous vol for a few days until we finally stabilized in the .08's and headed back up to where we are now. Then we have the subsequent PR which laid everything out as far as timelines and milestones, most are at least a few months away, so people will undoubtedly try and time their entry again, just the nature of the OTC and the people that invest. Good news is extremely low vol but not a lot of selling, as it looks like it's consolidating and someone is accumulating down here. I know some people say technicals don't matter, but for me I'm watching the 200 dma which just went above .13, to see if that acts as support now. Most of the major OTC runners have held the 200 dma and bounced higher, but have met resistance at the 50 dma. I believe we only crashed below the 200 dma because of the conference and the enormous amount of shares that were dumped in a matter of days. Just imagine the
landscape here over the next 3-6 months, and we should have exciting times once again. And yes THE NIH funding would be a massive catalyst for many reasons, buy mainly it would give ENZC enormous credibility at that point.
Since Charles laid out such clear timelines for upcoming catalysts/milestones in the last PR, I feel we are in that lull period where there is very little vol and shares seemingly being traded back and forth between market makers. In the run up to .958, we traded several days in a row between 30-50 million $$$. Now we are down to a few million a day, outside of the massive drop days from the conference. I'm hoping the 200 dma now acts as support, which is around .13. Until then we wait for one of the catalysts to hit before we can start moving much higher.
Yeah CDEL normally comes in at bell time but not always. I've seen them on the ASK side only before the bell, and that has usually signaled red at the open. So not sure we can make anything from them being on the BID/ASK. I thought we may visit the 200 dma at some pt, but not this soon, but the conference sped up that process and we'll find out if there is any true support here. Need to find a level where the market is comfortable with until things start playing out over the next weeks and months. What I thought was pretty good support in the mid to upper teens was wiped away within 30 minutes after the conference, so now we are resetting once again. Good news is that with the 2 big vol days, many people either sold off or had their stop losses hit and are gone now. So I believe the sell vol will be way down today along with overall vol.
Plain and simple everything hinges on the NI 43-101. If Mark updates Ameca Mining website and says report due May 1, the stock will rise accordingly. Right now with the uncertainty and the super bearish market, I think we'll linger in the .06's. We can't be that far off from getting that report, maybe another month or so, which is nothing considering we've been waiting since Aug.....lol
Super super choppy market at the moment as no ticker seems to be holding any gains at the moment in OTC land. MM are in full control as retail has gotten crushed the past 6 weeks. Just need patience as I believe we'll be fine as long as CC keeps delivering. Bumpy ride so buckle up!
If anyone is curious what the definition of an Ax is, just watch CDEL on L2 here on ENZC. CDEL will always be at the top of the BID/ASK, and will not sit back for long if someone tries to undercut him. They will either raise their BID if they have to or lower the ASK to control the action from the ASK. And of course this is simple for them to do with such little volume.
Plain and simple I think the whole OTC is in sorta a shock and awe mode, after what's happened over the last 6 weeks. Many people got burned that bought any OTC stocks in Jan/Feb, and there seems to be a major reluctance right now to dive in any ticker really, as volume has completely dried up. Thankfully nothing has changed for the worse here in ENZC, except of course the sp, but there still remains many upcoming catalysts. We may be in one of those sideways trading periods until major catalysts or volume kicks in.
It's always interesting watching the psychology of traders in OTC land. Many are simply following share price and don't have any sort of conviction about the stock, or do any real dd, and when the share price continues to decline they sell and bash at the same time. People are upset at CC & Co for taking a ticker that was stuck in the trips and made it worth 100's of millions, and at one point well over 2 billion, all in less than 6 months basically. If ENZC goes on a run over the next couple weeks, people will be buying hand over fist jumping on the bandwagon and nothing will have changed with the DD. I'm not sure what else anyone could ask for from CC at this point, as everything he has set out to do has basically come to fruition, which is rare in OTC land, while basically cranking out a avg of one PR a week basically to keep shareholders informed.
Actually what's taking place in the OTC is a major correction and a bear market from the insane run we had from Jan to early Feb. We all sat and watch completely garbage p&d tickers rise tremendously, for absolutely no reason whatsoever. Couple that with some SEC suspensions and lots of money that was flowing in the OTC has been taken off the table. So just like all those tickers in JAN/FEB didn't deserve to rise, the good ones like ENZC and others don't deserve the bleeding they've been suffering lately either, but will prevail in the end, whether that's in April or beyond.
I know that, I was just saying when it hit it's high share price of .958 it was worth over 2 billion.
Yep. Alot has to do with perspective here, and for some of us who were in ENZC pre-merger and have a cost basis in the trips, we have seen enormous gains/profits. And yet many people who have bought in at the highs in early Feb are not feeling so great being down around 70% on paper and I understand their frustration. But if you look at the big picture, and what has been accomplished here since September 16, basically taking a company worth less than a million to a market cap of over $2 billion, you get a understanding how far and how fast we've come. But in order to maintain those lofty market caps, and head into $$$ territory, we need time and more of the story to unfold. Since Charles has taken over, there hasn't been any sorta red flags here in my mind yet, as basically he has done everything he has set out to do!
The OS has been updated every month here. Over the past 4+ months, only 40 million shares have been added to the OS, so virtually ZERO dilution. A little over 100 million shares went from Restricted to Un-restricted in the past month or so, but basically that's been about it. There was a PR months ago stating that Charles worked out a deal that there would not be any new conversion of shares with the convertible debt holders for 2 years, in exchange for some form of equity instrument that has yet to be disclosed.So dilution is definitely not the issue here and hasn't been for awhile.
Bottom line here folks is we are stuck in this channel until we see a substantial increase in volume. As you can see by the trading, it's taking very little shares to move this thing in either direction. Good news is we are sitting on some major catalysts up ahead, and couple that with a possible technical breakout next week, and things are looking good, just have to weather the storm here. Everything Charles & Co are doing is fantastic, we just haven't gotten that catalyst yet that will give us the 50 million $$$ trading days like we had on the run-up to .958. Things should be much clearer in April, when we'll have audited financials and hopefully some news on funding/collaborations/partnerships. Until then just practice a little patience and trust the DD.
A little interesting this morning. Only 3 mm on the BID 25 minutes before the bell.
Not much to see today as vol has completely dried up here for the moment. Hopefully we can stay above the 50-day sma, and have one of our major catalysts hit soon, which would be funding/partnerships/collaboration.
Yeah exactly MAGA, same games being played on a daily basis. Gap up premarket and during the first few minutes, and then drop it and stack the ASK, rinse and repeat. We went through this when we were between .01-.02, for over 30 days until finally they let it run. Once we get closer to April and have audited fins and hopefully other big news from CC, this will be behind us. You get a sense from CC that it's just a matter of time, and he is waiting for reasons he can't say/disclose at the moment. Too many Blues Clues have been dropped to this point, not a matter of if but when.
Really shaking the tree hard this morning, big news must be right around the corner.....
I was going to say that GF, it was holding up quite well and would have closed in the low .30's if it weren't for Powell's comments. That was the added pressure that broke the camels back sorta speak.
Yeah your probably right MAGA, as it seems we are on a collision course once again with the 50-day sma, which will go over .31 today. Last time we chased down to the 50-day, which was below .04, we bounced all the way to .958 just 6 weeks later. Looks like another down day but they are definitely known for their head fakes either way. I'm still amazed how CC got the convertible debt holders to hold off converting any debt into shares for 2 years. What possible equity instrument did he use to convince them to take that deal???Also, where is the funding coming from that we have now received? In my opinion we have to have some sorta nda in place with someone, hence the silence on these fronts. Only time will tell and I think we will all be much happier months from now when this all plays out.
Yeah exactly. SS is amazing here and virtually zero debt. Slightest good news and we skyrocket.
Not sure anyone knows anything per se, but new product video was shot on Jan 27, so I think people know news could come at any moment. Looks to have strong support above .10, and with any news we'll fly.
Yeah I was hoping too, but next week is fine with me. They shot the video on Jan 27 so it could literally be anytime now. And yes the float is extremely low, and any buying vol and we'll skyrocket quickly.
Super super thin here. If the CEO said boo this thing would take off I think.....lol Should here something in the next couple weeks I would think.
CDEL has been the Ax here for a very long time, so JANE looks to be challenging CDEL for the top spot.
I have no clue really, more so just an observation. But back in Oct/Nov I believe we had like maybe 4 mm trading this stock.
Anybody seeing the sheer number of market makers right now on ENZC??? Looks like a big board stock.....lol
So at .366 we would have a 61.8% FIB retrace from the recent high of .958. Not sure if she'll chase all the way down to the 50-day sma, which is around .22, but then again who knows. Great time for those wanting to get in or looking to avg down. We've been here many times before, and the end result always has been the same. Massive pressure all day long on L2, with endless big ASKS reappearing from all different market makers. Nobody wants to see this, but when the attacks on ENZC seem like they are coordinated and have nothing to do with any sorta bad news or dilution, that's what should give everyone comfort moving forward....
This thing is coiled so tight just waiting to explode when Mark gives us the next PR. The longer it trades sideways, the more violent the explosion will be. We've had a couple false starts, but the next one will be the real thing imo.
I agree, it's coming!
Nice retrace/pullback around 60% from yesterday's ridiculous gap up and run to .0225. Adding down here and this will definitely go back up over the next few weeks. Lots of new eyeballs and money coming in.