Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You would know then. Who is the sucker fish in this instance?
The guy who made millions or the guy who badmouthed Sharp while making .20/post?
surf is into fishing in NJ, so don't believe him.
I never invested here. Kinda wish I had now, but there seems to still be a little time.
I have also never hated someone so much that I missed out on $millions in an attempt to stick it to someone.
If you ask me, sounds like a jilted lover's revenge. Did Sharp reject your advances?
The clown who wants to tell everyone that the sky is falling because shares were added to the OS on another stock, now says that a 300mil reduction means nothing. Got it.
The stock went down today because everyone knew this would happen so they sold on the news.
He is already the king in my book.
How many times have you said we were going to get crushed when the debt was getting converted? A billion shares entered the OS and the stock managed to almost double in price.
If you focus on one element, you will lose your shirt in trading. See the big picture. Understand that someone is buying up the shares faster than the sellers are selling. The dilution is pretty much done. $100k due 11/23/23 should be absorbed in a week or less. We are not close to maxing out the AS and if we did, it takes a vote by Foote himself to raise it. Quit attempting to scare Iglow into thinking the end is near.
And yet they pay bashers like you. I wonder why.
I love how you cling to hope.
We have been trading in a .0007-.0009 channel. Then we were trading in a .0009-.001 channel. Then we were trading in a .001-.0011 channel.
Now we are sitting at .0011-0012 range - no channel formed yet unless you are on the minute chart.
There were 120mil shares at .001. I don't think anyone is worried about the drop you hope for. Instead, there is an excellent chance that it tests the resistance level of .004. If it breaks through, it could be a really good time for a few of us, and well... you will cry.
Excellent find. Thank you:
Agreed. Pinch before the last move. Now pinching.
This move will test the .004's. I think we will see .005's and then drop into the upper .002's/lower .003's for a few weeks. Then I believe we will see this really move.
It went up 328,000%. I sold all but 500k shares well before it hit it's high. I've made $1mil on BSTI, PPHM, and FORW and $600k on USRM before. This time I made $8.6mil. I believe the next time, we will see much bigger.
$1.78.
I agree. Soon.
Here is the breakdown (on the 15min chart):
A couple days ago I told you about the short and long term pinches. That is, the bollinger bands at several different timeframes all pointed to a narrowing of the trading range. With the high volume traded, something was going to push the price well outside the BB and create a new short term high or new low. Since we have someone holding up the price with absurd bid sizes, it was very likely we were moving up.
We popped well above the bollinger band at the start of trading. Bollinger bands measure standard deviation which regularly wants to force things back to normal bell curve. It moved back within the upper limits. We tested the upper limits of the bb again, but the previous 3 very large wicks hinted at consolidation. You can look at fib retracements at this point or find the 8 unit moving average to find where the stock will drop. We touched the 8ma on the last candle on this chart. At this point, we completed the initial action. We will now move up at a slower pace.
On Monday I told you today would be fun. I am enjoying things a whole bunch. How bout you?
Don't be afraid.
What? 12's gone? That was quick.
But, but... dilution. Bwahahaha
11's gone. Who could have guessed that one????
Good start, eh?
How can it be that we have had so much dilution and the stock goes from .0007 to .001?
Take a huge step back and look what you have. Hard to see the forest through the trees.
The bashers who promised .0001 don't know what to do. That, and there are only 20mil shares traded so far.
Wednesday. Could be fun.
I definitely think it will happen. The CEO however, got an earful from a former consultant that was completely against an RS unless tied to a very positive event. I doubt it will happen anywhere near this stock price or without a large merger/acquisition, or maybe a government contract - where they can spin it as a very positive way to add value to the company.
Don't share this with Surf. He once said that MM's don't need to do anything unethical because they make enough money. No... he really said that.
Right now, I think there is someone with deep pockets that is keeping the price up.
I am pretty confident a venture capitalist Pacific Lion, is buying up this stock - mostly at the bid. How do I know? They discuss their general strategy on their web site and he did a podcast/meeting with HMBL shareholders where he said that he was (this answers Olive's question).
The stock diluted over a billion shares over the last month and a half and instead of the stock dropping, it went from .0007 to.. well today it was at .00105. Over the last few weeks, we sat in a channel of .0009-.001. Averaged about 200mil shares a day but only one time broke down to .0008 and not enough shares were traded for me to get any 8's at all. Did get a few nines tho. Someone has had over 120mil shares at the bid at times. When the shares are taken, more are added. It has been an interesting experience because I have been told by a few "financiers" that "convertible shares at a percentage of the market" means that the seller has an endless supply of stock that cannot be beaten. We just saw someone beat the seller. How? market cap is a little over $8mil and we got someone who already pledged $5mil into the company and potentially more as the stock price rises.
I personally don't think we will see trips again. We could, but there isn't really any dilution to speak of going forward. $100k coming due 11/23 and then nothing til $160k April 31 of 24. After that, I believe the only remaining debt is $65k due at the end of April. That is from memory, so someone might know different than me. Still, nothing to speak of at this point.
Should trade differently going forward. This is the OTC though, so trade at your own risk.
Nope. I expect a test of .003 soon (likely break through this time) but then hang out in the .002's and trade sideways for a couple weeks.
We aren't past dilution, but there is only about 140 mil shares left and they don't come due for 17 days (bout 3 days worth of dilution). They won't want to bring the price down as their costs will be fixed at .0007.
Engage Surf... don't be afraid.
Talk to me Goose.
Sure is quiet on a day like this... wonder why.
I'll be dreaming of a life of ease and mountains - Oh Mountains - of things. The dream is starting to take shape. Gimme your address and I will send you a postcard.
Yep. Wasn't about dilution this last week. It was about price and it looks like we won that battle.
Today is an important day. Olives probably knows why. I'd imagine that few others do.
It's a good thing.
No such thing as "new tricks?" That's kinda backwards thinking.
And if PL isn't at the bid every day, all day, then those algorithms must know something is going HMBL's way. Then again, maybe Surf is secretly buying. He is following this stock almost as much as you do.
What if? Stick to your dilution report. Much more real than your... what if PL decides to pull the plug theory.
They can wait til Nov 14
How do I say this with tact? Well... there is no way. You have no clue about this stock or the industry. Payroll has been cut to the bone. The company is developing blockchain tech at about a tenth of what industry standard currently costs.
The next Q should be very good. What will be good? The balance sheet should be drastically better than last Q. They eliminated pretty much everything that is not their core product and everything that cost more than what they expect to bring in. Not profitable, but everyone should be able to see a clear path to profitability within the next 4-6 months. That should be easily worth 2-3 cents per share given the (get this Surf...) bloated OS. There will be pretty much no debt. I expect the section in the Q that talks about events that happen after the Q's deadline will include how they reduced debt even more. Maybe down to nothing if they are able to wait a couple more weeks before reporting.
Finally, we might hear about PL obtaining 15% of the OS. I think we will get a filing in the next few weeks, but when we do, expect the stock to move up like... well... like olden days.
I particularly liked when those algorithms kept flashing 2mil shares today. I have no idea what the algorithms were trying to communicate, but I kept thinking of the movie 2012 A Space Oddesy - as Hal tried to communicate to Dave, but Dave just didn't understand the advanced life form. I am guessing that those 14 nines early on was Hal's way of saying that he was about to take a bunch of shares at the bid. I guess that because when there were 9 nines, Hal took another bunch of shares at the bid.
Maybe I am way off base here. Hal is pretty smart. Maybe he is telling us that there was 140mil shares available when the first set of nine shares were displayed. When there were only 90mil shares left, Hal wanted me to know. He spoke to me as I was about to buy some shares at the ask. He said very clearly, "What do you think you are doing, Dave?" I saw those nine shares and hesitated. I deleted my potential 2mil share order and spoke out loud. :"Thank you Hal." I will consider placing that order tomorrow. If Hal deceived me, he knows I will shut him down.
I've been trading stock since... well since I was 12, but since the early 90's as income. I have no idea what the multiple 9 share trades are about. We saw about a dozen 100 share trades a few hours ago, but we started today and again just now with the 9 share thing. One day there was over 100 of em in a row. Why? Gotta have some sort of meaning.
Oh... and great DD. Quote James Taylor in 1972 as proof. His proof that PL is bad? He has a link to PL's linked in page.
Que ominous scary music... Duh... Duh, Duh!
I can't sing the blues anymore.
Are you aware of AMIH and it's dealings with the former CEO? That guy - CEO mind you - held convertible notes on his own company - toxic debt well before PL stepped in. In fact, PL just entered the scene with $20mil to buy up really crappy financing with much better terms. It is actually toxic, but at a 15% discount for a company that just decided to get out of the oil business and into the medical field... I'd call it a gift. I bet PL will help turn things around there too - IF management gets their stuff together. If not, I hope PL makes a killing and uses that money to fund HMBL's entrance into MLB stadiums.