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Interesting....
Nearly 50% of today's volume traded in the last 30-mins.
Thinking the same thing ;)
Lucky
As I posted on 9/24:
I've seen a number of pump and dumps over my 40-years of investing.
What is interesting to me is "why" the company updated the financials.
Was it a letter from the SEC?
Was it the fact that the telephone started ringing off the hook?
Was it because he received a request from the Feds?
OR....was it all of the above.
fojcol, If this company would have only been worth a $1MM, you need to ask this question: Than why did Auctus come up with millions and a team to bail it out, and offer to save the common shareholders?
Some would say, to save it's $3mm dollar investment.
To which I would say; RIGHT!
If the company was only worth a $1MM, as SOME here would like us to believe, than even our old friend JD wouldn't have offered $500,000 for the companies IP.....NO smart attorney (including JD) would pay $500K for a $1MM company in BK and $15MM of debt.
A guy like that can make $500K in a day without all the problems of buying a quote "BK" worthless company.
Also, the tax write off on $3mm would have been worth more, than for Auctus to cook up the idea of: "lets put up $3mm to save $3mm and hope we can scam the market into believing our ideas!
The legal bills here are going to be huge.
Well....is it possible that me reasoning for the sale of stock a few days ago was correct?
Having personally experienced an industry that required a large number of attorneys, I know how expensive it is to pay $400-$600 per hour for just ONE attorney. A case like this likely has 2-3 attorneys, plus support staff.
DON'T be surprised if we see another selling of shares. A good defense attorney is going to know how to bring financial pain. The kind of pain that gets one thinking if a CEO isn't questioning why he started down this path.
It's sad to watch this play out, the only one who wins in these types of cases is the attorneys.
Time will show the shareholders if this was truly worth the expense. The CEO must have felt it was, since he is likely selling his personal shares before the next big run.....SAD!
Try walking into a bank
and asking them to loan against a THREE CENT stock that has only one known direction.
Use the shares as collateral for a loan or do ANYTHING else to keep from selling
PRICE TARGETS?
I'm not one to get out over my ski's, so I tend to stay away from price targets, especially on the OTC stocks.
I believe that this stock has a lot of flippers, given the different blogs I've watched over the past few months. For this reason, it is really going to be hard to pin a price down.
Additionally, I believe we have a small number of investors who will play this for a LONG run beyond the funding for Phase II. This is one of those stocks that is going to be heavily trade in my opinion.
A wise investor will set up a long position and a trading position, since it is going to be REALLY difficult to pick the highs and lows.....don't believe....just take a look at the fact that we traded back down from $0.04 to $0.013. If you would have told me that we would have gotten back down here when we were at $0.03, the answer would have been; RIGHT
A large number of players here were calling for 10-25 prior to the hearing. With a large number of us (including myself) cheering them on.
I will say this:
There will be NO de listing by the SEC for a failure to file financials.
There will be funding for Phase II
There will be an approval by the judge on Monday
And there will be # Seven flowing on Monday night ;)
Same here, but the window at the opening was just to pretty to pass up.
Well....for those reading the tea leaves.
I did notice a 900 trade around 11:37 at the $0.015 level.
Perhaps the powers to be are getting close to stepping back.
It was interesting to watch them slow it down on its run.
You know it.
Next week should be fun!
Oh, it has my friend!
Got to add in a BIG way this morning at the 14 level.
Looking for one last dip before the MM back off.
We were on a roll until they put up 4MM to shut it down.
CDEL is trying to get me to bite, with a lower ask....to funny!
Correct, I pulled the order after watching them play the 254.
Looks like you guys need some professional help ;)
Interesting....The moment I placed a 100K bid at 25, the ask went away at 254 and was replaced with 305....within seconds.
On top of that CDEL increased the ask volume.
Boys! this stock is being played.
Yes it did....and I had fun!
Lucky....
I've seen a number of pump and dumps over my 40-years of investing.
My gut tells me there is something here.
Your not going to get an exit CIA, CEO to share with you what the company is working on, until the ink has dried.
Call if you wish, but it's not going to happen.
What is interesting to me is "why" the company updated the financials.
Was it a letter from the SEC?
Was it the fact that the telephone started ringing off the hook?
Was it because he received a request from the Feds?
OR....was it all of the above.
Watch the volume against the Buy/Sell for a clue.
My money says there is more to this story, but as we build a base, we may have to watch this paint dry a little longer....I have time!
Just between you and me.....I hope it is ;)
Additional funds have cleared the account, just in time!
OK MM, go ahead: Make my Day!
I'm also leaning towards the 30-day for one other reason; getter done! and out of way.
Not having this hang over the stock, would be a good thing.
Auctus "could" sell off, but I'm in the camp that they see a much bigger play with the Phase II trails. I don't believe they see this as a quick flip.
My money says they already have someone in the wings for funding the Phase II, who is simply waiting on the Judge.
Declaes, great post.
You have been tagged my friend!
My friend I took the day off and look what you did!
Damn fine post in laying this out. I had been reading through some of the tea leaf's and had come to some of your finer points.
I had felt that Level II was showing someone shorting/playing the stock. As for Auctus, a few of your earlier post and a couple by one other poster was pointing that direction.
I've been adding down here, but, my existing average is already at this level and was rooting for a little lower....I'm bad!
Thanks for educating the tree.
I truly appreciate when someone takes the time to educate the others....you are a gentleman and a scholar!
Sterling....correct!
I continue to be amazed that a "few" here can't see what is coming together with Auctus.
Auctus would not be coming to the table with a short sided view. Does one really think that a company would take the time and trouble and $2.5MM in cash without a plan/funds for ONLY 12-months?
No need to answer, since a large number of investors here "get it" and understand the focus is not on operating cost for the next 12-months.
FPVD: Timing???
It's hard to say, I've worked with Federal and State contracts. The Feds are a whole different kind of headache. Meaning its government and these types of contracts don't move "fast"...enough said!
However, the wild card you have here is the existing media coverage and demand that has been placed on law enforcement. My money says that FPVD was told that they had to move quickly for this one reason alone if they wanted to see the final contract.
I know from experience, the government moves fast when the cameras are turned on them.
If it takes a while to get this to an executed contract, you will continue to see the MM play the stock and try to take it down to shake the tree and obtain a higher level of doubt.....IF SO....it only allows the wise investor to ADD like crazy.
On the other hand, you are going to want to hold your core position, since news could come at anytime.
It will not ONLY be the news that drives this stock to new highs, it will be the low float....
FPVD: The likely "rush" was done in order to get the LOI to a "signed" contract. A Federal contract would require FPVD to have the financials and SEC filings complete before the final contract could be completed and executed.
What is interesting here is the value of the contract. I'm "guessing" that its a high value contract given the SEC filing requirements.
The rush was likely linked to a tight time frame, placed on FPVD.
Truer words were never spoken!
Super, thanks for sharing the call.
Yes, you don't see a company go to this much time an expense if something wasn't in the works.
Anytime you see a company all of a sudden spend the kind of cash for updating financials, they do so for a "business" reason, than add in the fact that you have a product that is in HIGH demand. It doesn't take much effort to understand where this is going.
The trading today is likely folks who needed to sell with a nice profit for their efforts. Market was on a downer today.
Pressure building....prepare for increase in volume!
Win, Thanks for sharing the email from legal counsel.
Thanks for the post.....leaves one wondering if the 911 trades today were nothing more than someone playing games?
One of my other holdings had the same thing happen today, it received a 10K filing today with a number of smoke signals (911) and MM stepping in as the stock tried to run ahead of the filing.
Likely someone just playing games ;)
After all, if MM were taking us down, I guess it would be "crazy" thinking that a MM would send a "quick" trade signal as opposed to using a cell phone.
Just thinking outload. after all, do MM really hold stocks down???
and if so, how do they work as a team to do so.....oh how the world turns!
Really....Not likely on Auctus watch ;)
My money says this was likely address with Auctus team with the understanding that what's best for the company and the BRTX shareholders is how this plays.
DECN: Think about this story over the week-end:
https://noqreport.com/2020/09/18/there-has-been-one-coronavirus-death-in-sweden-in-the-last-five-days/
This is not the kind of story that shareholders are going to want to see.
Come on Captain!
We knew all along you would "right" the ship.
I do believe we have a new Sheriff in town....
100% Agree!
Here you go....enjoy the week-end
https://www.sec.gov/cgi-bin/browse-edgar?CIK=FPVD&action=getcompany&owner=exclude
Fake Wall...just took a run at it on 500,000 shares.
Going to take another run at it.
Looks like a couple of squirrels want their nuts before the week-end.
Enjoy your week-end.
Rocky
VYST: "I mean those almost 4 mil shares would have made him so much more when this hits a $1 plus right?"
Give this man the golden ring!
Toncat, best question asked this week.
I haven't been here this week, since I found more interesting stocks to chase ;) Believe it or not, they're actually under $3-cents, and MM said it couldn't be done!
When I see a CEO selling at this level, I know it is likely going to mean your going to be waiting a while before your going to see any price movement (other than down) on your stock.
Keep in mind, units are "hopefully" going at the door at this point in time. That means the next Q will not really show the kind of value we need to get the PP (other than a pop) really beyond what we have seen here IMHO.
It is not likely we will see any "meaningful" Q until January that is going to support the PP. Good thing I put some of these shares in my retirement account, cause it looks like its going to take a while.
Oh that's not to say we won't see more PR's to move it for the flippers.
So....if your long, like a poster or two is here....you will be FINE LOL
They can pound the table all they want.....given the volume against the float this week, not going to happen.
I do believe they will need to drop a line else where, seafood!
This stock set for a nice run with any real news.
And you will be rewarded for your wise choice.