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If your DD tells you Bonar only bought $219 worth of stock on the open market, then I think your DD needs work. The man has bought hundreds of thousands of shares on the open market. I've traced at least 544k shares to him but Batty says over 900k so either way it's quite a bit more than your numbers.
I've added up all of the Form 4s over the past few years, Bonar has bought 544k shares at an average price of .23. That's a good chunk of the float right there and that's on top of his other holdings. That's a nice chunk of his own money he's put into his shares and speaks volumes. If you understand what's up, you know where this is heading. I honestly can't even fathom being bearish on this stock right now, at this market cap.
read my lips, look at the year that number is from. 2012. It's not TA verified, the other numbers are. Just look at how this trades, it obviously doesn't have a 6 million share float. It's 139 million and that's still tiny so there's no need for you to post nonsense like 6 million share float.
Stop spreading misinformation, the float isn't 6 million. Notice how that is the only number that isn't TA verified? There are shareholders with more than 6 million shares here. The unrestricted number is the float.
Luckily for us Dalrada isn't CE and trades on the highest tier in the OTC markets. Not to mention them uplisting from here is a very high probability. Impotent scare tactics.
I agree that it's a small float, but it is absolutely not 6 million. Unrestricted is just over 139 million, very attractive for this price range. O/S and A/S are also small at 300 million.
The PR which came out on Jan 05 spelled out a lot of details about the Buddha Company acquisition. Just that business alone should warrant a higher market cap than what we have here at 300 million shares full diluted (currently barely above $1 million market cap at this pps). From the PR:
Don't stress too much, a light volume pullback and consolidation is not going to help the shorts one bit, and it sets us up for a healthy way to work our way into the next meaningful update from the company. Running up too hard in anticipation of news is a sign that they're setting us up to sell off on news, but this healthy churning is just baking the shorts more and thinning the retail flipper herd a little. I'm thinking a little more consolidation here in the upper .003s and low/mid .004s, then we'll be set to test .01 again. IMO the MMs lose all their control over us once we've taken out .01 and the 200 day MA. I'm not the least bit discouraged with today's action, looks quite healthy so far.
300 million shares fully diluted only puts us at $1.5 million market cap with less than half of those being unrestricted. They canceled the toxic note but obviously still need to fund acquisitions, so like you said they still need to fund expansion of the company.
With the s/s now fully diluted, the dilution is priced in but the acquisitions/contracts have not. There's still a massive short position from 1/12 and the subsequent FTDs. 300 million o/s with no more dilution possible unless they raise the a/s. The market just needs to hear from the company as to what they've been working on with the newly issued shares.
If you look at the 1/12 trading on the day, almost all of the volume was in the low .002s and upper .001s, putting the average price for the 82 million shares sold short in the low .002s, with 56 million FTDs which came up on those short sales.Imagine needing to find 10s of millions of shares to cover right now into this stock, not to mention cover shorts from like 50% below the current pps. I think if they tried to buy back even like 5 million here at this range, they would wake it right back up (and even those 5 million would be covered at a large loss).
Long story short, to the untrained eye I think it's easy to think the party is dead here, but understanding the shorts from 1/12 puts things into perspective. This current scenario is quietly and subtly very very bullish.
The shorts shorted 82 million shares in just one day on 1/12, and all of those short sales were below the current price. Yesterday wasn't even a million shares traded, there's barely any shares left at these prices let alone finding anywhere near enough shares in the .002s for them to cover just to break even. 56 million FTDs are a problem that won't go away until they are found and covered, not to mention the shorts that didn't end up as FTDs.
It may not seem obvious to the untrained eye, but imo just holding at this price level (above the short sales) with the volume drier than the Sahara is a bullish state for this stock to be in. I have to assume the company knows this and will be taking steps to take advantage.
Good summary of where things currently sit: http://chartdiligence.com/was-oclg-just-a-pump-and-dump-by-frank-or-is-there-more-to-the-story/
Borrow closed at a new high on Thurs, watch for that to spike much harder as the squeeze plays out.
What are you basing that off of Mr Master Chartist? The float traded 3x on 1/12 with more than 100% of the float sold short and 56 million FTDs coming up a week later. Fast forward to today and every single one of those short from that awful day for sellers is in the red. I think the shorts from 1/12 are the ones who should be worried, not the ones who bought into the .01 initial test. Look at the volume at the peak around .01 and now look at the volume at the low from 1/12, there is no comparison. 10s of millions are stuck short and will NEED to cover, while maybe a few million are left underwater from the high and anyone who wanted to bail is likely already out, hence why the volume dried up so much now on this dip.
They filed their supplemental information filing and got the shell badge removed. They will not trade on the expert market.
So much to unpack. The company and directors are from South Korea, that's why you can't find anything. Not trying to be a dick but either you didn't do much DD or you didn't do it well. You can start here: https://www.emergenresearch.com/press-release/global-hereditary-genetic-testing-market
To suggest Frank stole our money is so easily dismissed based on the simple fact that he is still holding his 150 million shares. Never sold a single one. Honestly, I can't even take someone serious who wants to try and make that easily falsified claim.
I could go on, but I'm not even going to waste my time. I know your type, you just like to hear yourself talk. I literally made 7 figures on round one here. The next move is going to be bigger than the first too.
Company just filed to get the shell status removed. Like I've been saying, these guys didn't go through all the work of buying the shell, getting Frank's custodianship discharged, updating OTC, creating a new website, etc just to give up on it without even a peep. Pump and dump makes zero sense anyways, Frank still owns his shares he received from the deal. Mr. Kim now owns $OCLG here's the proof the merger is all systems go.
https://www.otcmarkets.com/otcapi/company/financial-report/362692/content
Next week will be interesting to see the market begin to reprice the very real chance of a successful operation blooming here. Currently at under $1 million market cap there is nothing but upside imo.
Borrow rate now above 7%.
$DFCO chart is looking to breakout from a 7 month base of accumulation. Look at how much volume came in at these lows we've hovered at for 7 months straight. That is smart money accumulation. Now check out the borrow rate via the link below, it's beginning https://t.co/8bHZ6CW50R… pic.twitter.com/KvaocrOyWJ
— Professor Brainiac (@ChartDiligence) March 21, 2023
LMAO. Just wait, the spread get thin then tightens up, as the pps keeps climbing. Much much more liquidity is coming.
Daily reminder until it squeezes, $AAPJ had 80% of it's float come up FTDs, a week after a blatant failed short raid. 1/12/23 the float traded 3x and 1x of that was entirely short sales. Shorts banked on a toxic note ruining the current s/s and pps, but the company had other… https://t.co/jSfyetqO20
— Professor Brainiac (@ChartDiligence) March 10, 2023
How do people call themselves a trader and not realize what it means when a stock like this gets 80% of it's float showing up on the FTD list in 3 short days?! I've been buying hand over foot but if the market really wants to let me, I'll take more I guess.
I swear to God 80% of the float w/ FTDs is the markets way of saying "Free money! Just take it!" And yet we're barely seeing a trickle of volume. But when we're at .02 and raging, everyone will pay attention and chase. Retail is so blind it's quite funny sometimes.
57 million FTDs on a 77 million share float. Oh, and those 57 million FTDs came a week after 1/12/23, the day the shorts got greedy and got wrecked. They thought they could nuke the pps by shorting more than was in the float because they had a $1.5 million convertible note they could count on diluting the o/s, but then that got canceled and they got exposed.
Want even more evidence of 1/12/23 being a massive short raid gone wrong on $AAPJ? Well a week later there were nearly 60 million FTDs!!! Remember people, the frickin float is 77 million! I've spelled this one out about as plain as I can, the proof is right here.#FTD $GTII… https://t.co/iUWgGgAxiW pic.twitter.com/WF0PWA7LdX
— Professor Brainiac (@ChartDiligence) March 5, 2023
No you don't, but as droopy is proving there are lots of people who have no idea what they're looking at when I spell out these things. ChatGPT does a great job of spelling things out and clarifying things, so I thought it was a helpful way to let the uninitiated see that what we're seeing is indeed highly suspect and blatant manipulation.
Fact: 1/12/23 the float traded 3x and then some.
Fact: 1/12/23 over 81 million shares shorted
Fact: The float was 77 million on 1/12 and still is, ie no dilution
Fact: January 17 - 19 57 million FTDs
Fact: 1/14/23 the company canceled $2 million in debt including a $1.5 million convertible note
Fact: Shorts love to target OTC companies with overhanging notes
Fact: The share price has trended higher since 1/12/23
Fact: Anyone short from 1/12/23 is very underwater and getting deeper, with little liquidity to adequately cover here
Are you going to debate with real info? Falling for what crap? Everything stated here is a verifiable fact. Who cares if it's not past .007, that's an arbitrary number and guess what? It's going to blow right past that because of what I stated. Honestly, address something with real discourse and facts or stop embarrassing yourself.
Very interesting, ChatGPT agrees with a short squeeze being in play here.
I asked #ChatGPT the precise scenario that played out for $AAPJ. The float trading 3x over on 1/12 with none of that being dilution, and more shares sold short than in the entire float. And then the company canceled $2 million in debt including a $1.5 million note, and since then… pic.twitter.com/8if25RIo3w
— Professor Brainiac (@ChartDiligence) March 5, 2023
Even better the float is only 77 million so that would be quite a nice chunk of the free trading shares you'd be holding.
If anyone should be in jail it the market makers and brokerages that naked short these things into the ground..
but God bless them for manifesting huge steals like this. Frank is long gone from this ticker but shorts and/or disgruntled longs can't see the forest for the trees. Recency bias is a mofo. Just wait what happens when the company here updates the market and tells us what DNAgo.ai is potentially worth, and see how fast this chart corrects - thanks to months of relentless stomping into the ground.
Ignore what the company has been doing and accomplishing at your own risk - insanely high risk at that. Been trading OTC for a living for 17 years now, I've never held something I feel this confident about. Take it fwiw.
Hmmmm, it's almost like there aren't a lot of REAL sellers here and only shorts holding us back! I love when you make a valid point for the bulls.
That tracks retail shorts, not MMs and their naked short positions. You can see the daily shorting by MMs on the short interest sites, it's super common to see large % of the daily volume being shorts because that's how the OTC market operates. They short in the name of offering liquidity, but they abuse that and go beyond just making a liquid market/ making money off of the spread. They get especially egregious if they see an open note with lots of toxic conversions to be had, which is why they shorted over 80 million shares on 1/12 and thought it wouldn't be an issue. To be clear, that's higher than the entire float is currently. The fact that the company canceled their note a few days later is why I am sure those shorts are now trapped. Just watch, there's a reason why we've floated higher on air since that candle. Wait for the volume to start squeezing them next.
You're right about them not having a time frame to cover those naked shorts, but enough buying pressure will force the issue. This one should be quite the squeeze, I feel strongly about that.
Very smart of these guys to focus on this one profitable company and not bog their stock down with toxic dilution. If they do the right steps now they'll be in a great position to raise plenty of capital down the road and continue to grow equity value for longs. Risky but I like their recent steps and I've mentioned it a bunch how I'm pretty sure January saw some serious shorts get trapped, as the company likely caught them off guard by cancelling their note and other loan - again opting to focus on the one Buddha Co. vertical and streamline that flagship.
Company actually updated their OTCmarkets.com profile it looks like, adding their new website and email address. I'm hopeful that means they're close to being ready to make official updates via PR or hell I'd even take a Twitter presence to let us know they're working.
Yep, the company is doing stuff, just no official word from them. I still think the merger legal issues are the hold up, but the custodianship discharge in Dec + the new site tells me they're actively working in the background and will have big news to update sooner or later. Until then I'm staying patient.
"$AAPJ is a short squeeze staring us right in the face - Merger play with Buddha Co. - Shorts trapped and I spell out how I know"
https://www.reddit.com/r/OTCstocks/comments/10pls2r/aapj_is_a_short_squeeze_staring_us_right_in_the/
Healthy low volume consolidation after back to back strong candles. Very healthy action imo. It just needed a breather but it looks set to fly once it's all rested up.
Agreed. Net profitable cannabis co., $AAPJ canceled $2 mil in debt leaving January shorts out to dry, those are the key factors here.
It just needs buying pressure. You can see that once even a modest amount comes in, the pps walks up with ease. It's only when the buying subsides do the MMs walk it down on air. The good thing is, at this market cap and with a stable s/s for now, there's theoretically not much ammunition left to hold it down here. And if the naked short theory here is remotely accurate, there's going to be a tailwind here like we won't believe. Would be amazing to hear something promising from the company.
"My theory: $AAPJ walked away from the 3 acquisitions previously announced, which allowed them to walk away from a $1.5 mil note and $500k loan. Someone shorted this into the ground while that note was active. Capitulation was on 1/12 when the float traded 3x over, but a few days later they announced the note was canceled. IMO that note was what drew shorts to run this into the ground, so when it got cancelled suddenly they were hung out to dry in a huge way. $AAPJ can focus on Buddha Co. without having that note hanging over their head, and now the market will be highly accommodating with the shorts. I've followed the s/s and it hasn't gone up since 12/30, ie despite how ugly things got to start out the year, none of it was the company dumping. That likely means a huge short position is now in desperate need to cover, with the market cap still barely a million $ and opening today at $750k. With the s/s stable for the time being, that means the market has to reprice this even without any short covering, but I think the 1/12 candle has to imply a whopper of a naked short position. We'll see, but it shouldn't take too long to see if I'm right."
My theory: $AAPJ walked away from the 3 acquisitions previously announced, which allowed them to walk away from a $1.5 mil note and $500k loan. Someone shorted this into the ground while that note was active. Capitulation was on 1/12 when the float traded 3x over, but a few days…
— Professor Brainiac (@ChartDiligence) February 14, 2023
They had previously announced 3 acquisitions but their recent PR said to ignore all previous announcements moving forward. Their new site only mentions their net profitable cannabis company, Buddha Co., and my guess is they bailed on those other acquisitions. And that would explain why and how they canceled all that debt earlier this year. And that would also explain why and how the MMs got caught shorting shares that don't exist. When that huge dumpathon day took place, they had not canceled their debt/note, so the MMs were shorting thinking these guys had to issue a crap ton of shares. Now suddenly they don't have to and here we are.
Lol what in the world are you talking about?