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Now let's watch the flippers try to bail @ 3...LOL
basically when the stock reaches an ask of .0001 then it is at no bid. in other words there are more sellers trying to sell at 0001 than buyers to buy them. So as a result there are no pending transactions as there are no buyers left. I have however seen transactions occur below the price of .0001 on a no bid stock. so it is possible, but doensn't happen very often because most brokers only allow four decimal places....IMO
He made it up...it's not a real quote from the company
Agreed...but it would be nice to be at break even @ say 0004 than say 0008, 001, 003, 009, 01, etc etc...I think u get my point. But as you say, let's hope all ailments are cured soon! GLTA
Well I don't know about you, but I would sure love to be in this position at a cost-averaged price of 0004. LOL!
nice average in @ 0004...many here are envious! LOL GLTY
Ahh..missing 50mill shares now back on bid. back up to 510milly
Im sure it is because I am not that good at jigsaw puzzles....but, so what???? TIA
Anyone notice that 50 mill is missing from the bid today?? Or is it just me? LOL
Some of those big buys you talked about happening now...GLTA
You won't get filled any time soon. You are behind 460 mill other buy orders at 0001. GLTY
You continue to mention mm ETRF and how many shares they have on the ask in your posts.. Can you please explain why this is significant to you? TIA
Not really sure what you are saying, but if you are saying that the 100mill transaction occurred at the bid, then you are correct. Most people would consider that a "sell" transaction. However, it is also correct to say that someone that was waiting to "buy" shares at 0001 got their wish. Bad news is that it was probably debt holders continuing to dump shares at whatever price they can get that sold the shares. No way retail would have sold @ 0001. IMO
Where are you seeing this?? I only see one transaction in the last hour and a half? TIA
Looks like bidders moving up their buy price and hitting the ask now
Please don't say that....As a fellow long, there is no way that one can argue that a r/s is good for shareholders. Please find one example of a company that was diluting in order to raise capital, increased a/s and o/s in order to raise capital, then r/s, and then pps didn't continue to go down afterwards. There may be some, but my bet is that that you can't come up with very many. Longs need to hope that Kaye has raised enough to get him through this development phase and that we will soon see results from the dilution of the stock. Looking forward to seeing what our money has paid for and the increase in pps based on perceived value of what has been accomplished. GLTA
o/s is not the same thing as a/s.....
Doesn't look like anyone will be getting any 0001's today....let's hope it stays that way in order to give confidence to new buyers. GLTA
Can you please provide proof of the $600k bonus? Not saying it's not true, but would like to see the proof. TIA
Thanks for the clarification. That's another thing that I have been wondering...What are all these "BS payments" Kaye keeps making to himself that you mention? I have also seen someone reference an $800k salary...Can you please clarify where one can verify these statements? TIA
What is all this "one man show" talk?? My understanding is the company has 15-20 salaried employees on the payroll and other contracted consultants off the payroll...
I agree about the losses ECDC has taken this year, but can you please clarify where you found that Kaye paid himself $800K? TIA
Why is it so difficult to understand the selling that is going on here? The fact is that ECDC gave free shares of stock to pay for the debt that it owed to people. The people that received these free shares for payment for their services can sell these shares on the open market at whatever price they wish. The bottom line is that these entities are cashing in for what ever amount they can while there is still any demand for the stock. This is also known as toxic financing and dilution my friends. The only hope that we have as shareholders is that this payment of "free shares" for debt is coming to an end and normal market forces of supply and demand take over. If not, the pps continues to decline, they will reverse split, and then the dilution will continue. Let's hope this is not the case.
That is just not true to any real extent. In your example on a day when 80 million is bought at .0002 and only 3 million is sold at .0003, that is not really flipping my friend. It is clear that the huge majority of transactions are happening at the bid, and thus it is dumping and not flipping. Who can possibly be flipping for a profit when all the transactions are happening at the bid in other words???? TIA
I have to disagree about the flipping....There is no flipping. At this point it is only the unrelenting dumping of shares by debtholders. For there to be flipping one would see buys at one price and sells at another.
.0002's now available on the ask!!! slap it! LOL
It is my understanding that there were also media sources at the event. Some are waiting to release press until they see the beta launch, others may release before. Also, ECDC is allowing the media access a couple days before the official launch in order to aide in pushing a successful launch. IMO
yes, yes, and.......yes. IMO LOL GLTA
Right...I think maybe he's got a steroid version L2..works on holidays and weekends. LOL
What do you see on the L2 that would indicate this to you? TIA
looks like L2 is setting up to rain down hard on the 1's... no interest here from the big boys. most M's are ready to dump inventory
The thing that bothers me is the selling of the debtholders at these low levels. The last two days have seen tens if not hundreds of millions of shares dumped at 2. I wonder why they wouldn't wait at least until after this conference to see if the shares could be unloaded at 3, 4, or 5? Makes one wonder if they know something we don't....
Another 70mill dump in less than 1 minute. Am betting that everyone that wanted 2's has got them now. Looks like we're going to one though. You should have waited. IMO
I guess noone wants to mention the 51mm share t-trade after hours at 0002??? Any thoughts??
Looks like Stephanie Boyle with RP has a moderating role at the event:
2:45 – 3:30pm DEVELOPER TRACK Multiple Deliveries: Social TV, Connected Devices and Second Screens
The second screen and social viewing are transforming TV viewing but also creating new challenges for delivering content and advertising to multiple screens. Explore the latest product and technology solutions for powering globally scalable, cross-platform content delivery. Learn how real-time viewer engagement is impacting programmers, marketers, and channel providers, affecting business models and shaping consumer behavior.
Moderator: Stephanie Boyle, CEO, Rogue Paper
Confirmed Speakers:
Cass Sapir, Chief Executive Officer, ThumbsUpApp
Trevor Stout, Chief Executive Officer, Yap.TV
John Funge, Chief Executive Officer & Co-Founder, BrightContext
Paul Carff, Developer Evangelist, Google TV
Fady Lamaa, Vice President, Products, mPortal
Wow! 42mill dumped at 2 in less than 30 seconds...No retail selling there boys and girls! LOL
This is exactly right. I thought we all covered this??? Company selling must stop in order for pps to increase. Retail is not the one selling these huge lots and depressing pps.
It is my suspicion that this stock would easily be over .001 right now solely based on retail demand as evidenced by the L2 on any given day. However, as we all know, the company is diluting and this can also be seen on most days. VFIN alone yesterday unloaded 70 million shares at 3 and then at 2 before eod. This is evidenced a couple week ago when the selling eased and we ran to 0008 before the dilution started again. This is a necessary evil in pennyland, but it must taper off before the pps will rise, regardless of news, pr's, or press events. All IMHO. GLTA
Yep it sure was...looked like retail buying all day at the ask, and then VFIN unloaded a whopping 43 mill before close on the bid to pay bills..IMO It is clear the selling is not over. Will be interesting to see if any momo can be gained as we go into the "event". My suspicion is no, unless the dilution stops. GLTA
Yep...VFIN has lots of shares to dump today.
What has changed with the company since you said this exactly five days ago? TIA
ecdc- a million dollar company HUGE!!!! we could hit .50 or .75 by mid DEC!