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It wasn't. It was a scam, RB was right same with others.
They fell within that SEC press release that said if you make crypto coin claims you jump to the top of our radar, I think they could have all kept going a bit longer without that but lets be real the stocks dead
FinRA will delete the ticker soon (trust me its coming go find me HSHS with the same trading pattern and you won't find that ticker I made 50% off of before it got deleted 3 weeks later)
It happens I was chasing 1-2week returns of 50-150% here I'm fine knowing I tried for that but I also knew what I was in.
I'm thankful patrick propped it up enough post suspension to let us all recoup a few bucks, markets paid back even 10% of your cash with great gains most should be whole by now if they conserved the few dollars they got back.
also if you look at who the Point of Contact is for handling their dividend its a fairly well known company with ties to multiple nasdaq listed and maintained companies, amex, etc.
Typically something you don't see with blatant scams. At least from my DD you don't see it
I bought in early this AM avg. fill under .023 would have bought way more but will watch for a few days with very small 100k position.
You went from liking it to talking about taking profits, to now screaming the worlds on fire?
I get thats your thing judging by the thousands of screaming posts you do in multiple boards, but having been in two ones that were clear scams (me chasing profits), and avoiding many scams.
This isn't one that appears to fit that mold.
Also the first signal that dilution was coming via a split would be the change in A/S lol until that starts to change, I won't be concerned with that lol
Yup you got the told yah so...
But it couldn't have been more obvious a crap stock lol still think the profits were worth the chase
I just hope the people here who didn't sell those first few days, realize they're mistake if they ever find themselves in another scam grey stock. GET RID OF THE DUD right away.
oh and I just put 5k on KOOl cause of you at .54 so if I lose I'm blaming you hahahah
Yeah I just can't think of a reason to not have LIFE even if it went to .50 cents I won't feel stupid buying it unlike other ones sub $1 facing delinquent filing or have terrible cash burns lmao everything about life says 2.5-4.0 depending on ability to sell the trial data as a success
lol I missed the run with OGEN from 1.19 to 2.44 I got back in at 1.25 when it came back down lol so up on that hoping for another big run on EU patent soon
Waiting on RKDA too
Biotech is where its at right now lol
Yeah I can see why I've been in enough tho where he comes along cause its so easy. A few medical pot ones that I made XXX,XXX back in the glory run from Nov. - Feb
SO hes not always the kiss of death but damn near close
LIFE to me is too good to be true haha
Data soon
75m cash on hand
Institutional ownership 60+% (and not crap institutions like Stockman69 & UlikefakeNews Inc, but like Deutsche Fidelity etc. )
AXON was pretty bottomed out too in the 1.2s and looked too good to be true so I was greedy and had buy orders in for 1.05 that never came lol
Same with TPIV although I bought that at 5.85
Life is worth the risk in the .90s in my op... Even with Clay here lmao
LOL I wouldn't have bought 10k+ more if I'd seen Clay was in here lol I haven't checked my ihub in awhile
Figured I'd check back in
Not to say I told you so but between all the stocks out there if you'd taken SOMETHING those first few days, you wouldn't have the nothing you have now.
It was over.
It'll never trade again
and a few more months of 1 trade and 0 trades and FINRA will delete the ticker. Same as its done others.
Sorry for the loss guys but 1. we all knew the crappy stock we were in trying to make the 100% bi-weekly gains, and 2. when its over its over
I got 1k+ back out of 10k almost have it all back on a few biotech's a block chain stock and some leveraged ETFs...
Honestly not sure why anyone sat on it, when there were so many great moves within the last few months
Exactly. I'm sure the only people buying are people saying "meh I'll throw 50, 100, 500 bucks at it see if it makes a run" Done it plenty with greys. Got lucky and made 50% on one, two sold for loss of -50 bucks.
And yeah if you bought during the great dump at .0003 and got lucky to sell at .0005-.001 you got in and out.
But nobody is seriously buying this for any other reason.
I woulda held for a week or two if I saw real movement on price but seeing it not move at all those first few days with 50m+ in action. Had to rip the band-aid
I mean its a grey stock for a reason... If they had the cash to get back listed and could prove they were wrong wouldn't they be by now? It didn't take Pho#T that long to get back listed off the greys...
There was definitely some money to be made if you bought at .0003/4 and were able to sell to someone between 0008/001 but for most they're still holding a big L on the their accounts.
I said even before delist that, that March report that was supposed to drop to prove financials was gonna be key to me exiting entirely or continue to play.
They've still yet to release provable financial data, and continue to rely on LOI news, and NVC fund theories/ hypotheticals which is how they got themselves in the situation they are in.
I don't think thats really up for debate. That said I'm happy if people especially those that took heavy losses were able to double down at .0003 and make some money back
Why would that not happen? Happened to the last company I was trading that was into blockchain on greys.
And I agree, I want to see proof beyond a PDF 211 that I could fill out in an hr or two myself and post on twitter and say see we're working on it.
Given the dire situation they're in, the investors who have been hurt either gambling or actually having faith in their abilities as a company. To still show nothing tangible beyond the stuff that was fine when it was OTC and just chugging along. Is and should be most concerning.
Little while longer of 0 volume and FINRA will just delete the ticker.
Debating the NVC funds seems rather frivolous at this point.
lol sell to who they haven't moved a share in 2 days and only 600k the day before that. Its done in my op.
Hey I gave everyone who called it their dues that Friday it was locked.
But even being right, still doesn't change the fact that from nov. to before it got locked you had a chance to turn 100 bucks into 70k if you hit the highs and re-bought dips.
I never had a doubt it wasn't sketchy or a serious serious gamble, but those 40-150% rips were worth a gamble. And man was it fun.
I just feel bad for the guys who can't just say its over and move on. But I guess if everyone did that I wouldn't have been able to sell my shares lol.
Sadly some people got seriously burned on this and others who just used play money walked away with a butt smack.
Goes to show everyone needs to understand their personal risk management and really understand what they're in.
It really doesn't matter at this point we've now had two days of 0 volume. Thankfully I'm out, but even some of the most awful, about to be deleted by finra tickers, I've played in have had volume leading up to their deletion.
The fact that they're pumping news, plus the supposed 211 they filled out (on their own), and NOBODY wants to trade the stock is a clear indication of something not right.
Again we're just talking I'm not saying sell or don't sell just saying it doesn't look good for the ticker. If everyday even 50% of the volume we used to command was trading hands blind and we were seeing swings from .0003 to .001 daily I'd probably dabble in it but all the dabblers got in on it at .0004-.001 for the what the hell I'll try it out, and now even they don't want the stock. The only difference instead of being down a few thousand they're down a few hundred bucks
Bottom line it doesn't look good for the ticker period.
in at 74 :)
Even that doesn't make sense though. Why wait an entire year to finally recover.
You're basically advocating a hail mary /wasting an entire year of potential profits with whatever of the position was.. As I said I know everyones preferences choices for stock / returns will be different but I'd have already missed about 347% profits ontop of my tiny recovery....
Yup, that happens with everything though. Car purchases, relationships, etc. its simply human nature and a stronger trait with some people than others I guess.
I told my one buddy basically pleaded with him to dump it and he just said maybe my 10k (ill-advised/ unbeknownst to me sunk 10 in, when I'd said never sink more than 3k into this thing and only use play money) he just said I'll wait see if it comes back...
Thankfully a day later with some of the Vixetfs we were in he cut his losses when the dow rallied, but in this case he refused to cash out when there was 50,60,70,25m of volume.
yup took the $,$$$ flipped it hard lol, crpyto company bringing on Jon Najarian, wheat company making heatlhier wheat 300+%, and a biotech company having acceptable earnings and flu vaccine results.
Probably be whole+ all the profits this would have netted had I cashed out in 2-3 weeks lol...
Sometimes I don't think after something like this people can't make it back so they just hold.
I agree... Glad I trusted my gut after watching it the first two days of grays and checked out at.001... already about 1k away from being even lol...
The grays I've traded that had been in the grays for months had more volume than pdxp does 2 weeks into their grey listing. Nobody wants it, nobody wants to trade it. Thats a big problem for a stock supposedly set to "recover"
Are you implying that if I go pull the trigger on FMCC shares right now in OTC... That should Freddie be allowed to leave the conservator-ship, my common shares would be canceled?
Why would he need to talk, hes pretty much shown hes done just enough to prop it up for people to lose 60-80% of their profits. He did what he needed to do to not end up with a serious lawsuit... Sadly I think some here have wayyyyy to much faith in what should have always been an in and out play.
Either way they could have easily put out financials, actual communications with MMs during the 2 week process not just the tiny tiny bit they did.
But they'll always be glass half full people and maybe it works out but I think we're in the 80+% range that its past that point of working out.
As a CEO of not 1 but 3 companies personally I put some of the blame on him. For not knowing what exposing himself to a coin offering would mean to the SEC. Also my fault with personal DD. I shoulda pulled the few K profit I had that second when I saw that news, I thought it was a news pump and BTC news was already down at that point, little did I know about the SEC memo that if you mentioned coin offerings you were instantly on the radar lol.
Look I take the view as the 150% swings were worth always trying to catch. If you'd caught every swing since Nov. you coulda turned 100 bucks into 60k lol... That kinda swing trading is always worth a try in my book especially with low share count.
The problem is the music stopped and if you got your money out who cares, if you got stuck in you're either desperately hopping it comes back or you are upset.
Bottom line they weren't good companies, they just had a tiny tiny tiny bit of potential and instead of utilizing that they hit every branch on the your screwed tree.
You realize that if nobodies trading it (no volume) then it'll never recover...
I still have friends who refused to sell when I said sell at .001
but the writing is on the wall if this continues to trade like this finra will just delete the ticker...
Not trying to get anyone to give up shares, or tell them what to do, but sometimes its better especially if you're in the 5-6 figure holding range to persevere cash and give another stock a shot.
I've had 2 go up a combined 50% and another up 330% on wheat news.... There is always ways to make it back even if its going to be a slog.
You can't make back the money if the ticker gets deleted and you're holding 1m shares of something thats worth .0000000000000001 (or nothing)
You have to keep listing... It took even on the two high volume days 10-15 mins to move the shares at .001/.0012... Zero movement most of the 1st day on .0015-.002 so I just cut my losses.
At this point you're basically gonna have to give them away to get them to move (just my opinion based on former watching greys) I see zero reason why this would be any different.
If anything the guys who said meh i'll give it a dead cat bounce try at .001 will cut their losses at .0003-.0007 which will add further trouble trying to move them.
Remember it'll only find buyers who list them for sale at the same price. SO if you list at .0007 and someone buys at .0008 it'll find the guy at .0008 not you lol...
Sorry you got stuck in it. Hindsight being what it is I'm glad I trusted my gut and walked -77% and was able to move them.
at least theirs some positive movement for like the 3rd time in a week and a half..
Yup thats how it looks to me, it wasn't a particular fascinating stock out side the small share structure.
They tried that with the 211 to pump it up. I think it helped a little bit but nothing so far, and I doubt anything anytime soon.
I hope for the boys here, but they should have shown the few other projects besides the silly NVG fund was progressing. If they showed new cash flow, solid numbers hell even if they were all BS it would go a long way lol
I don't mind the risk if it was showing some movement and volume remained above 20m... But how it sits now makes me a no go
Yup I've seen nothing about it so far to reassure me to either give it a go at .000X or lower. If it was bouncing from .0004 to .0015 and looked like there was some movement, ANY MOVEMENT... I might have hopped back in to gamble more.
But its literally playing out as any other grey market, and why I finally tapped out when I'd sat and watched 7,60, and 50m of the 70m volume on Wednesday do nothing but sit at .001
Really do wish everyone the best but with so many other stocks out there making gains if your fundamentals at picking or judging winners (even if it was for a short time... Everyone in here picked right up until the collapse there were huge gains for the time... The difference is greed/ coming back to the well too many times.)
And what happens when the people who gave it a shot at .001 and took shares from the guys who took a loss. Decide they want out for 50 cents on the dollar or less?
Thats my concern. We've seen zero positive momentum in anyway except those few .0012 trades. That to me was the writing on the wall. If it was bouncing all over .001s maybe cracking .002s with 60+m volume I'd have said okay. but when our 5 day high coming off the delist is .0012...
Thats when my gut said out and watch.
Not that I'm not rooting for you, but even someone that would hop back in if I felt it was right (I felt it was right that first day at .0001, .0004, and .0005 with buy orders). I don't feel its right now.
I probably would have walked away completely after that major run from .0026 to .01 if I'd seen that SEC memo that any stock mentioning ICOS would be under further intense scrutiny. These three companies whatever their bottom lines, or games were brought it all on themselves with that ICO news they put out....
Oh I agree, don't get me wrong. I just do it for fun with my TD accounts I have 3 other larger portfolios with much bigger institutions.
I really wouldn't have even gotten in pdxp other than noticing the insane gains since, I try to focus my penny plays on the areas that have lots of interest pop potential like POT, Crypto (before the crash), Biotech and some of the smaller tech firms that might have something going for them...
Everything else I find a waste.
I agree and one reason I cut and run when I saw zero movement. Usually even on a more popular grey, you'll see some activity one way or another, basically just looked like people cashing out at .001 trying to recover something, and people getting in hoping for a bump (when the guys who bought for a bump to .002-.003 see zero movement and they start selling for a small lose then we're in the trips, not a situation I wanted to be in).
I do hope I'm wrong cause I've enjoyed riding the waves with the guys here, but there is so much sketchy news and odd things that were fine when it was OTC making 100% gains every few weeks, but its not fine when its in dire need of factual financials/ data....
Now would have been the time to release that march annual report proving real cash flow, proving to an MM this was a mistake. When it simply looks to me to be show enough info to not get sued or make it look like you're attempting to save something.
This is mostly just play money. I get more joy out of being right about OTC wins than picking quality midcaps/ Largecaps.... Mostly why I shifted to wanting to dabble in this mess lol
Eh I don't mind it happening especially in OTC.
Way I see otc... If you want a shot picking up the gold coins laying in the mine field eventually you're gonna step on a land mine. Might lose a few fingers, might lose a limb, hopefully not completely explode.
This was a pure greed play, gets me back focused on enjoying the 30-60% rips and finding the next one than going back to the well over and over again.
Yup I had a bad feeling that day it got suspended. I had accounted for watching L2 to see big shifts in volume signaling a collapse, or bad press that might signal a time to run. Did not account for a complete lockout.
Greed got me on this one :) was ripping off so many 50-150% rips with it. The climb to 1 penny I was all but liquidated with 5 figure profits, but hopped back in the pool for more. My advice to the guys here was the stock looks beyond sketchy but can't argue with the returns of 50% dips and 150% rips, just can't be in it when the music stops lol
Sadly one of my buddies against my word put 10k of capital into this stock because he was so happy with the 2000+ in profit he'd cashed out on two of the prior climbs. He's now praying it will come back to 3s maybe 4s to get out.
I told him if you cash it out for 2-3k you can quickly recover 10 with a bit of work even just playing safer volatility indexes that are nasdaq listed, but spreading it out over a few pennies you could hit a home run. But if you end up cashing it out for 100 bucks before the fall you really won't have any capital to do anything with.
Agree and why I made the call to cut the losses yesterday. When 67m in volume gave no movement. Hell even my other grey plays month ago had movement with 1-5m in volume, a week or two before ticker was deleted, Seeing it never bounce above .001 signaled to me it was best to take what I could and use it to play elsewhere.
10-20% of something is better than 100% of nothing, especially if you're savvy enough to find other pennies to make gains.