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How is there possibly no volume after that great PR this morning?? SO bizarre, once this crosses the 50DMA should really start to fly, super low float.
WTF, who keeps slamming the bid here, they won't let this run yet
First of all, the 12 million has been issued "as of the date of the filing" - the date of the filing is March 3, 2015.
Second- the 400 million was for the restricted stock issued to management, see the PR from 2/9:
"On January 21, 2015 our Board of Directors authorized the issuance of 400,000,000 shares of New Generation Consumer Group common stock to officers, directors, and control persons in lieu of compensation and other obligations."
The printing press does not seem to be running out of shares here
The shares on the ask here are just endless
This thing is like a yo-yo
Holy bejesus, I've never seen so much selling
This is obscene
You've gotta be kidding me, someone has launched about 10M shares into the bid over the last 15 mins
So many whackers WTF, .0016 is taking a shellacking
Great open here hah, pulling bids and lowering asks, awesome
Who sells immediately at market open? WTF
Someone keeps throwing up 2 million share blocks but that one just got taken out
Can't get past this mountain of shares on the ask, UGH
6.5 million "sold" into the bid, LMAO
Someone is clearly purposely getting shares transferred to them on the bid
Oh my lord, does EVERY run have to be sold down to death every freaking time? Getting so sick of this BS
Sellers gonna sell, sell, sell, sell, sell, shake it off
Ughhhhhhhhhhhhhhhh
These idiots are selling for chump change, somebody needs to teach them how to make the big profit
Sellers and shorts kill yet another run, congrats again
Nope, whackers can't stop whacking, they'll never change
Add in the property and equipment - total assets of $611M and total liabilities of $409M, that's $200M+ of surplus for equity and 98 million shares outstanding. Do the math - oh yeah and they're not in bankruptcy ;)
This has a $2 book value, is not bankrupt, and trading at now .12 cents, gotta be kidding me
How can it blast off if they're preventing buys and only allowing sells? WTF is that?
Thanks because that person pulled it and is dumping into the bid, because there's no buying online, just retail selling at the bid
Any sale ticks this down like .003 - there's no freaking bid support because you can't buy online
I guess this is what happens when you restrict online buys for a stock, shockingly there are all sells and PPS goes down, what a joke
I think we need some more shares up on the ask LMAO - what a joke, this thing was cruising
The chart didn't even need to reset, RSI is in the 40s ughhhhhhhhhhhhhhhh
It should have been a straight shot to the 50 DMA, but again, they can't let anything run like the chart says it's supposed to.
VFIN did his destruction and then backed away, typical
WTF - they seriously don't let anything run any more, it's disgusting
Correction, now VFIN is selling UGH, wtf
VFIN is not the seller here, it looks like all retail idiots
WTF is NITE doing here, we were cruising in the high .008s and this a-hole is single-handedly holding it back.
ASCM is the worst piece of scum on every single stock, bunch of crooks running shop out in California and Florida.
This takedown was on absolutely ZERO volume
They're still trying to keep this one down, MAN
I would say that this trading action is just slightly frustrating ha