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There's a base dating back 11 or 12 years on this puppy. You rarely see an OTC go sideways for this long, usually the default trend is lower lows year after year. I don't think most people appreciate just how much energy will be released on a successful break of .001, or .05 post split. We're sitting on a long term floor because the split has been priced in thoroughly, however none of the potential updates and reorganization have been priced in whatsoever. Ironically I think the past 12+ years of hardship here have made for literally one of the best breakout setups in the OTC.
Renewing your business license is $500 in Nevada. Not a ton but you're not just going to do it for no reason. So maybe they did it for one last pump? They couldn't even sell a single share if they wanted to (no dilution clause for til May 24) and that's such a silly way to pump in the first place. Had I not mentioned the business license update no one would have seen it. No one is following this thing anymore. If they wanted to pump, they'd release a PR and attract real volume.
The funniest thing about this powder keg is that Frank has made nothing so far here. He's holding everything. And hell, even though he got a discount, he still spent $20k for his shares. That was a hell of a deal for sure, but he still has tied up that money for 2 years now and has taken on the risk involved with holding. The fact that he's still holding and has made nothing is a massive green flag the market is ignoring.
Also the new guys haven't made a penny yet either, and like I said they couldn't sell any shares right now if they wanted to. It's a big risk for sure but I think the writing is on the wall, the big boys behind the scene are always making money, and they're all holding tight right now. That's tells me everything I need to know.
I'm perplexed by why they let it get to this point and it certainly could have to do with the court case, I have no clue if that's wrapped up or not. I feel like they will avoid the EM but I don't think anything would happen other than a complete flatline. The fact that within the last month the company made corporate updates and renewed their biz license seems to imply that they are going to file that one measly annual report which contains almost nothing and should be a piece of cake to get done. If not then that stands to reason that we're many months at least away from anything positive developing. But again, if that's the case why renew the licence? Why update the CEO if you've gone completely dark?
Delinquent annual report hit it's threshold, now starts the 15 day grace period phase which I think started yesterday. Roughly 2 weeks to get the annual report filed and stay off the EM. Who knows what they're planning here but it just seems odd to make those corporate updates like the new CEO and updating their business license with the Nevada SoS and then let it fall to the EM.
You bring up all valid concerns, no doubt about that. My stance is that the positives here with what I believe I see will outweigh those issues. Either he raises the capital or the market absorbs the hit and keeps on trucking.The a/s I believe is for long term flexibility. I'm not sure, obviously all of these concerns are why the market cap is priced where it is. My belief is the float is accumulated by a relatively small number of hands at this point. By whom? No clue, but that's what I believe the chart is implying. Smart money simply has a way of accumulating a float over a long period of time when the rest of the market is ignoring it. I believe that's what has been happening here slowly but surely over the years. Now that the float is relatively locked down, all it has to do is break .001 and then .002 for the big squeeze, or .05 and then .10 post split.
Simply put, I like some things I see here very much and I like that there's so much risk priced in at this point.
Love the overall consolidation at this level, very healthy churning. The market doesn't trust us yet and that's incredibly bullish imo, because the trade is no where remotely close to being overcrowded. This is the climbing of the wall of worry phase, upside without the usual rah rah and cheerleading. Very bullish imo.
My bread and butter are the charts. They're a tool that I've managed to use effectively enough to do this trading gig ever since 2006. I've heard countless people tell me it's all BS, so I don't even mention it all too often. I don't give a shit about what other people say, all I know is they've helped me turn a total of $6k invested in 2006 into a full time career and a 7 figure account. I can't share all of the details for a number of reasons, but I will tell you at the heart and soul of how I use the charts is this: I am looking for stocks that I believe the float has been locked up over the years. That's all I will say about it for now, but that is what I look for and that is what I see with $MIKP. I don't know who, what, where or why, but MY interpretation of the chart is that the float has been in the process of being locked up over the years. You can argue I'm wrong, don't see it, or whatever. To that I say good. If everyone saw what I saw then these opportunities would cease to exist. The negative sentiment, the IP market, etc are all just icing on the TA cake. My expertise is spotting locked up floats and depending on the degree of how certain I am, I leverage these gambles when I find them. I've been wrong a number of times, but my biggest bets are my highest conviction bets and those have all panned out well enough for me to do this for a living. Call it luck, sure. I am quite reasonably confident that the float here is locked up and this chart/stock is primed for a sustainable and significant breakout. Companies and CEOs will ALWAYS milk these opportunities to raise capital because when the stars align, of course they would take advantage.
I truly don't care to change anyone's mind here, I am mostly just shooting the shit while I wait for this to play out. Of course I could be wrong, but again based on my personal methodology I feel very good about this play, especially from these current levels, and especially in terms of risk vs reward or upside vs downside. Call it luck, honestly doesn't matter one tiny bit as long as it pans out. And if it's been pure luck as to why I have managed to do this for a living and not need a real job since 2005, then so be it. I'm pretty sure though my refinement of a very specific niche in the market over years and years and countless trials and errors is why I'm here, but again in the end I'll take lucky over being good if that's what got me here.
What I'm actually saying is I have a method to my madness and have made a living taking calculated gambles when I see certain elements that I like, but the market doesn't see at the moment. This may or may not work out, but let's just say I have strong reason to believe this is a very good bet here at this time and market cap and in this IP market. If I was relying purely on luck, I promise you I wouldn't still be doing this 'job' for a living after nearly 18 years. But if this does pop and you still want to call me lucky, I'll learn to live with that.
Nice initial tease at testing a breakout, the bid needs to follow though. The market doesn't trust this enough yet to get that bid up to .0025+, but it's a process and we're getting there. Looking for the company to get that annual report in and catch up on their filings, that should send a strong enough signal for the market to start pushing up a bid. Until then I think we'll float around and base here in the .002s.
Lol, like I haven't seen that before. I love how people keep showing me that like it's some big own. This story is well over a decade in the making. One can recognize the long term struggles while still making strides slowly but surely over time, and success isn't a linear process either. The I.P. market being the hottest it's ever been is going to be a huge boon for the company, imo. They have the best shot to develop revenue and the frothy market will also make raising capital easier than in year's past. Those factors combines will act as self reinforcing mechanisms.
The biggest opportunities in the market are when you spot long term trends that have been overly priced to one extreme or the other, and a failure of the market to price in new developments and instead overly price in the old trend. Excessively priced in risk when the conditions are changing is what this play is about. This isn't 2011 folks, I'm an aggressive contrarian bull here with a market cap under a million and an I.P. that can't consume enough content. I.P. is in a massive bubble, and if you're not accounting for the new paradigm this bubble is bringing in, you're going to miss why this play is suddenly more interesting than it has ever been.
1. You do realize there are scenarios where a split is necessary and part of a move to uplist, correct? Not all splits are created equal, the devil is in the details.
2. The selling is done. The shorts or sellers aren't going to wait for the split to sell, the split has been priced in. What you're claiming is the same thing you see when people are pumping a stock because news is coming out on a certain day, and they say that the stock will explode on the day of the news. The problem is the news is already known in advance, so the buyers all buy in, and then when the expected and known news comes out there are no buyers left because they all bought it. Buy the rumor, sell the news. In this case though it's the opposite, the news is baked in. Sellers won't wait til post split to sell if they truly believed it was going down, they would do it upon learning of the news. Which they did. And it's priced in. Watch.
The R/S is not going to be cancelled nor should it be. These guys are using the reorganization, including the split, to package this vehicle up for a move to the QB and then the Nasdaq. If they don't do the split now then it comes later and would do more damage then, whereas doing it now is easily rectifiable. It's already been fully priced in and I've used the dip to build a large position, now comes the good news/updates, s/s change, and name change as they reincorporate in DE. Post split the stock will be oversold and lots of good news coming, and the market cap will need to grow as reality sets in. .001 and .002 are the key resistance levels going back 12+ years, so post split that puts them at .05 and .10 respectively. I can't wait to watch those get tested and broken through, and for the sentiment to do a complete 180.
Yep, healthy basing and backfilling taking place. Patience here will pay off handsomely imo.
Grok says it's most likely calendar days, though the text specifically said no earlier than 20 days, not necessarily 20 days precisely. IMO we should hear something soon, I think the plan is to kick off 2024 with big updates.
Trust me, I know the risks and know how historically bad R/S are for OTC stocks.I have never bought into a r/s like I am here but I've said it before I was waiting for a sell off to get in here. I do think this one pans out better than anyone here suspects, but the risks are real for sure. I think at it's current market cap the risks are more than priced in however and I'm fully sold that this is a gamble I'm happy to take. I think people are underestimating just how good of a market this is for I.P.s and what that means for the company and it's direction moving forward. It would behoove Mark if this was a successful transition to trading post split w/ updates and imo the unique elements here put him and the company in that position.
I'm not trying to talk others into buying if they're not sold, but I am very confident in my own decision to buy into the FUD.
This is the hottest and most valuable the I.P. market has ever been, the world is insatiable for content. That alone should be giving the doubters some serious pause.
Agreed. I'm a chartist at heart and really that's my main driver on all of my decisions, but I've done more DD on this guy than I ever have before as I sit and wait for the squeeze to play out. I'm a big believer that charts can often reflect a real story one way or the other, and I'm hopeful this is a merger of a great chart breakout with an interesting story behind it. Agreed that it's too early to get too excited officially, but at the same time I do think something big is cooking here.
I'm 100% positive that $OCLG is the vehicle for HanBio Group to access US capital markets. I've found all the connections I need to consider this an indisputable link.
— Professor Brainiac (@ChartDiligence) December 15, 2023
First, read this article about the Korean company: https://t.co/dAroZoMc3W
Note this part specifically: "“The…
Who from the company pumped any sort of tease filings? And your comment about the company selling into this pop is so woefully incorrect I'm embarrassed to even address it. They are not diluting and they are not the one teasing anything. This has largely been me putting all of these pieces of the puzzle out there. Just wait to see how wrong you are.
If it's up to the MMs they would never let this leave the station. We're stuck until buyers overwhelm them and force them to let it run higher. We need a lot more buying pressure and the company has to give the bulls a reason to get excited again. It's been over 2 months since the last news update.
Could just be a coincidence, but it doesn't matter one bit. 4 million shares is just noise, whether it's buys or sells. I'm bidding 0003s again and was able to get 3 million of the 4 today. I'm happy to keep slowly bidding and adding down here. And it's worth noting that these past 2 days are the first tests of trading above the 50 day moving average, which it fell under after the R/S news. Slowly but surely this is healing from the sell off and people will be surprised how quickly this will turn up after it's churned through these levels. All the pps has to do is get above the level it was at on the split news, and when it's above that it's a signal the selloff was a kneejerk counter move to where it's heading, which stocks tend to do quite often in the markets. You'll see sharp dips right before a massive breakout, and you'll see sharp spikes right before a massive breakdown. I think Q1 we're back to .0007+ and revisiting the key .001 level, or .05 level post split. Now cue all the people who will tell me how much of an idiot I am because they're certain the split somehow wasn't already priced in completely, even though it's been known for months now.
Incorrect. He's just waiting for the company to make their next move with the reorganization.
Nice catch, and yes I absolutely believe that Kim and his crew are still working towards the respective mergers with $NOUV and $OCLG, both merging with ai companies. The fact that they've kept $NOUV current speaks volumes as well.
Both tickers have websites currently but they're not fully polished and ready for live business yet. I think the websites are more the framework of what they want to do, but they're not the final product.
Oh the irony. I've seen you over the years, you are always the smartest person in the room and always willingly tell everyone how bad of an investment people are making, which you're definitely correct about more often than not. But a question, do you do this simply to stroke your ego? How have you done trading the OTC over the years? Based on how knowledgeable you always sound, I will assume you are filthy rich from trading the OTC and you put my lifetime gains to shame. Right?
"17.5 years of doing "this" for a living....this is your fulltime income for 17.5 years? You're still trying to get a nice pop? "
Huh? I've literally traded the OTC for a living since 2006, haven't had a job since I began and had to build my capital up from peanuts to where I am now. Not even sure what you're getting at here. I've made 6 figures on trades more times than I can remember and 7 figures once.
"You could of had lotsa .0002's just 2 days ago...they were on sale...guess you missed it? "
I've had a bid in at .0002 for weeks now, literally haven't gotten one fill. Please tell me again something that you clearly have no idea what you're talking about. It's pretty funny.
"You're okay with a reverse splt....that's insane....even at 1 share for 50 only puts this stock to .005 to .02 post split...and that doesn't even get you out of Pink status. "
Yes, I am ok with the R/S here. In fact if they canceled it I would sell into the pop because part of my thesis here is that I see the stars aligning to propel these guys to uplisting and a much better situation to raise capital into.
I've made a living doing this and have had people telling me what works and what doesn't since I first started. It never fails to make me laugh when bitter bagholders try to tell me I'm wrong as loudly as they can. Just curious, do you make a living off of trading? How long have you been trading the OTC? How many 6 figure winners do you have? Any 7 figure winners? Too funny. If I take the L on this one, I'll own up to it and let everyone know. My question though is, when this 12+ year base breaks out to the upside and absolutely melts people's faces off, will you post anything to me?
"The R/S may be priced in but we are talking low volume/value of trades....$1501 now today"
Again, so loud about that which you have no idea what you're saying. Add up all the volume since the R/S announcement. It's well over 100 million shares, don't ask how I know. ;) Trust me, the bad news has been priced in. This run is going to be way too fun. IMO, instead of worrying about stocks you are bearish on, how about focus on your energy on something positive? You know, like stocks you are bullish on..
Sellers who want out are out. The R/S news has been priced in and then some. Now there's a vacuum of space to the upside. Not to say I'm never wrong, but man does this one feel like a slam dunk from here based on ya know, nearly 2 decades of doing this for a living (ok, just 17.5 years but close enough). I know I'm not getting any 0002s now, I'm bidding some 0003s but may not even get any more of those either. I'm ok with that either way.
You're right, I don't mind you sharing your opinions and you haven't been one of the users who seem to take my bullishness personally. I stand corrected.
Yes, that long history is clearly priced into the chart and market cap. This isn't 2011 folks, I don't think people appreciate how favorable the overall OTC markets and the I.P. markets both are right now.
I thank all of you for your bitter replies and constant bashing, you've allowed me to buy quite the position and if you keep it up maybe you can get me some 0002s and 0001s, but you've been promising them for a long while and I still haven't seen any. I'll wait.
Ironic, I'm going against the overwhelming negative sentiment here and am continually getting blasted for my contrarian (ie not a sheep) decision to buy into the destruction here, but I'm also a sheep somehow? For every 1 bullish post here there are 10 bearish ones. I don't think you grasp what it means to be a sheep. The crowd is bearish, I am bullish. I love how random people like you turn to insults and bitterness when you are presented with an opinion that differs than yours. It makes the ensuing rally all the more sweet. So please, keep insulting me like I said something disrespectful about your mother or something.
We'll see. Been doing this gig for a living for going on 18 years, I'm telling you you're missing the forest for the trees here. Good thing I don't need you on board in order to continue to accumulate.
"Be a free thinker and think outside of the ordinary mindset."
-some guy
Just trying to talk some sense into you. I think you're blinded by your past experiences and don't see that there's a unique opportunity here now, thanks to everything that has happened in the past and what is playing out now in the macro picture of things (IP bubble for instance). This is the bottom, the sellers have sold. Now watch what happens when the tide turns and this tests .001 and .002 levels, or .05 - .10 post split. The company will be able to uplist and raise so much more capital into that scenario, and the table is set for them to do just that.
Almost everyone who wanted to sell has now sold. It's funny to me that the haters here can't see that these conditions are turning this stock into a tinder box. What happens when there's a dearth of sellers left and then news/updates/reorg kicks in? Watch how hard this runs post split, I'm going to have so much fun laughing at the haters. I get it, you've been screwed over in the past, but don't take your misery out on others and don't let it blind you to the dynamic nature of reality. $MIKP is on the cusp of massive breakout thanks to many stars finally aligning. This isn't 2011.
Looking damn good.
Maybe they're doing a name change.
I hear ya, but I think that's an incredibly bullish sign. The market is dipping it's toe in the water and seeing if it's too cold, ei if there are sellers waiting to knock this right back down to the trips. There are no sellers and the market (ie Market Makers) will need to walk this up to find where the liquidity is stored at. IMO this is the sort of action we see when the pps doesn't belong at the current levels, and it either belongs much higher or lower in order to attract volume. I don't believe the volume is down from here, there are no real sellers left. The market will have to adjust significantly to the upside to lure out sellers, and that's what we're waiting for. I expect this to go sideways on light volume until the bulls step in and take it to the next level. IMO there are dip buyers waiting for someone to hit the bid and bail, but those will be few and far between. The people I know who have been accumulating, including myself, or not interested in selling at these prices and certainly not lower than here.
This is healthy grinding, I think the reaction is incredibly encouraging. Market is digesting this new level and will shoot for more when it's ready. Some dipping would be helpful even. Don't miss the forest for the trees, this is quite healthy.
We bounced nicely off of the 200 day MA (long term trend), but we're still stuck underneath the 15 day EMA (short term trend). The 200 is around .19 and the 15 is around .24 so I expect we'll bounce between the two until the market decides it's had enough and hopefully breaks above the 15 EMA. .25 is also a key level on the chart, so that general .24/.25 range is a big cluster of resistance right now and the bulls aren't ready to break it. I think we're working up to break it but I could see it taking a few days still, hence why I think we could see trading in the .19 - .24 range in the immediate future. After .25 it's that .36 level, then the .46 breakout spot where the fun gets turned up. I think this is the last bit of accumulation at these prices then it marches higher, but stay patient.
Not that I know of or can think of.
I believe they have til the end of Dec, and then they get a 15 day grace period based on my understanding. They don't need to get pink current, they just need to file an annual report to stay off of the EM. It's a real risk, but based on them updating the SoS, I take that to mean they will file the annual report with OTC markets. Otherwise why renew the business license? But you never know.