NEWL double-bottomed today...let's see if she can reverse for a nice little bounce, at least.

Watching the VGPR daily chart:

Watching the ONCS daily chart:

I believe your answer is found in this part:

"The Settlement Agreement further provides that in no event shall the number of shares of Common Stock issued to MGP or its designee in connection with the Settlement Agreement, when aggregated with all other shares of Common Stock then beneficially owned by Hanover, MGP and their respective affiliates (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder), result in the beneficial ownership by Hanover, MGP and their respective affiliates (as calculated pursuant to Section 13(d) of the Exchange Act and the rules and regulations thereunder) at any time of more than 9.99% of the Common Stock. "


So... basically, every time that they issue stock to Hanover, they need to increase the O/S so that Hanover's total shares do not amount to more than 9.99% of the total number of outstanding shares. This is probably written into the agreement as a protection so that Hanover never owns a majority of shares and can never take control of the company. You don't want to pay so many shares to a lender that the lender then owns the company.

At least that is how I understand it, and I could be wrong. But it makes sense to me. That might be why every time they issue a few million shares to Hanover, the O/S increases much more than the number of shares issued. Right?

NEWL trying to double-bottom? Still a dilution machine though...

The MDNT "boing" fell right back down the next day. She's going to test the .002 bottom again, I suppose.

60-minute chart:

There goes MDNT. Boing!

Still in MDNT for double-bottom bounce:

Possible double-bottom on MDNT daily:

Sometimes they hold...sometimes they don't. But when the last support fell, this became the next major support. So...we shall see if this one holds

Hitting a chart support zone here.

Support at .0012 and possibly a touch as low as .001 but I think LVGI will find support here for a while.

LVGI hitting a support zone today after a drop. I'm back in. I've played the swings and bounces on this one a few times with success. I got some at .0012 and it could touch .001 but I'm OK with a few shares here.

DEWM might be worth the risk there at the 200-MA. Watching her for sure!

FRTD suspended. Yeah...after a PR-per-day it was setting up for a suspension. I had a few free shares left in it (darn) but kept most of my profits from that crazy 200% run. OTC is a dangerous place.

Watching VAPE chart as it descends:

Watching UTRM drop toward the 200-MA:

TTDZ got a nice bounce:

I'm in on this FITX bounce:

FRTD boing! I was lucky to be in this one when it happened:

There's the huge NEWL bounce...

Weeee on FRTD...in since the 200-MA

FRTD struggling to hold the 200-MA... currently dropped into the .008's. See if she can close above .0091 again:

FITX falling off a cliff now. People are scared of pot stocks now, with all the recent suspensions.

Sheesh...like I said, NEWL is hard to time. Currently up 71% in the first hour. But for how long?

Still watching NEWL... even a reverse split didn't save them as it dropped so fast afterward that it is far below the $1 PPS required by NASDAQ. She's about as toxic as they come:

FRTD getting a nice bounce at the moment...over 30%

FRTD holding the 200-MA for a while:

Their outstanding shares is something like 130,000,000 and it nearly traded that on Thursday. The problem is that the OS increases every couple of days because they keep giving more and more shares to the debtors and file a new 6-K every few days to update the numbers.

You figure it has to be done at some point, but when?

NEWL finally got another "boing". Each one has been short-lived though. Timing is rough. Big volume again this time.

ZDPY bouncing nicely off the $1 and into the $1.20's Nice!

FLST 60-minute chart... Dropping from a huge bounce...now can I get a little bounce (the sequel) please?

Somebody threw BODY off a cliff again. 60-minute chart:

By the way...I'm in with .0024's today. I didn't want to risk bid-sitting on .0023 and not getting filled, so I just picked up the easy stuff

Have a wonderful day!

I drew a line on the chart showing a general chart support. It is a "zone" around .0023, based on previous support in early April, and what was resistance way back in February. Plus, it is currently the lower bollie.

50-DMA can be a great support, generally speaking, but I find that it tends not to hold as well when the 20-DMA is moving down to meet it, as was the case the here. The 20 was acting as resistance as it came down, so there wasn't much "wiggle room" between the two moving averages, making a drop below the 50 easy.

I'm talking to a chart trader, so you know this, but I thought I'd paste the chart to show what we're looking at, for those who are interested.

Watching ZDPY again...

SKTO taking off before it touched .01 Missed it. Now at .0123 hehe.

LVGI touching the .0023-.0024 support line.

LVGI has low volume at the moment, but I bought some this morning off the support line I drew here. There were a few million sitting at .0023, so I bought .0024's. Will hold for a while on this one.

Watching SKTO chart for a break below .01

Will probably buy a few there.

Check out the NEWL weekly chart. What a cliff!