Chart looks set, lets see what happens next.

Yesterdays Bankruptcy statement is a bit concerning as well

"We cannot guarantee that a debt holder will not try to put us into involuntary bankruptcy"

So they can't pay their creditors, don't plan to file bankruptcy, however since they are not able to satisfy the debt holders then one may force them into bankruptcy. That is a huge dark shadow over the stock that makes a person apprehensive at holding any significant amount of shares over night.

It may be hard for this stock to grow legs and run in the short term and I say short term because they said all they had available to share yesterday so it is likely to be another month or two before any new developments and the license court date is set for March 2017 and that is a very long ways off.

JMO,

BMiles

Yeah sounds like he warned us that massive selling is about to begin, already they have to sell over 700,000 shares for every $1,000 of salary not to mention he said the debt holders have started converting which explains CDEL crashing our party the last two weeks. If this selling pressure drops the share price to the triple 0's then we are talking millions to cash out on every $1,000. This could get real ugly real fast in the coming days as all these shares hit the market. Ikes!

BMiles

Yeah 5 was new to me too.

Have you noticed that when that order gets hit with a large block like 300,000 or 500,000 that it disappears for a while.

BMiles

OS only 130,134,439 before the sell off, I am going to guess it is still very close to the same considering there isn't much volume or churning of shares like you would with convertibles. Float best I can tell was about 97,058,277. Won't be much out there to buy if JAMN pulls something off in the final hours. If this stock was heavily shorted after license news then that is a lot of gun powder.

BMiles

15 for 10K and 5 for 10Q -

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11596861

For all the shares that traded and shoved this stock down to .0009 there just isn't enough volume or share blocks on L2 to explain where those shares went. I am of the opinion that the company is about to change hands. If you want to keep the share price down then you delay release of 10Q. New ownership, new management = happy Marley's and long term license agreement.

JMO,

BMiles

We keep chipping away at it a little each day, down to 2.1 mil now and doesn't look like there is anything to prevent the share price from continuing up once it is out of the way.

BMiles

Agree, I've been watching that order too.

Trading penny's is no different then gambling, there is always an inherent risk involved. The stock is down on unfortunate news, by buying at this level then you are gambling that good news will send it back up. Having said that, I can't recommend anything other than to realize their is always a risk to lose everything so never invest in a penny more than you can afford to lose.

Penny's are high risk and high reward. As little as $210 can make you $7,000 - $10,000 over night if the company announces a buyer and because of the buyer Marley has agreed to long tern licence agreement thus the stock immediately shoots back up to 7 or 10 cents. How much you are willing to risk is up to you, could be $210 or $2,100???

JMO,

Brad

The stock is trading 133% off the low set a week ago and is trying to reverse up with no news, that's good news in itself and should be enough good news to keep you content for now. Be patient.

BMiles

Selling is pretty weak, maybe a little sideways consolidation for a day or two before continuation in my opinion.

BMiles

Now your catching on...

With the current upward pressure we are seeing, it is going to be real interesting to see if there is a big push up at the end of day.

BMiles

I think the share price action today is a direct reflection on possible scenarios I posted yesterday as seen below so to answer your question I would say positive.


BMiles Thursday, 09/22/16 10:08:06 AM
Re: None
Post # of 9654


I think one of the most interesting things here right now with JAMN is how just 5 days ago this stock traded 50 million shares while trading down to a low of .0009 and yet the stock is now trading up 177% off the low and there is no volume or should I say profit taking from traders. If traders were not the ones purchasing the 50 million shares at the low 5 days ago as well as the tens of millions in the days before and after then who bought up all those shares and for what reason are they holding. That also brings to question who is the majority share holder of the company now??? Is a takeover in play right now??? That's a lot of shares and a lot of money guys. Why are those bottom shares being held so tight? I would not invest that type of money unless I had a sure thing.

JMO,

BMiles

L2 trading has been very transparent, I think there is a lot of merit to the post I made yesterday about the large volume sell off and the disappearance of trader shares.

JMO,

BMiles

Looks like 3's may be coming.

BMiles

I think one of the most interesting things here right now with JAMN is how just 5 days ago this stock traded 50 million shares while trading down to a low of .0009 and yet the stock is now trading up 177% off the low and there is no volume or should I say profit taking from traders. If traders were not the ones purchasing the 50 million shares at the low 5 days ago as well as the tens of millions in the days before and after then who bought up all those shares and for what reason are they holding. That also brings to question who is the majority share holder of the company now??? Is a takeover in play right now??? That's a lot of shares and a lot of money guys. Why are those bottom shares being held so tight? I would not invest that type of money unless I had a sure thing.

JMO,

BMiles

Not a bad deal at all, $78 million in exchange for $700k, I will take that every day and twice on Sunday if you know what I mean. I don't care if the conspiracy theory and scheme is in play or if a viable relationship between Marley and JAMN comes out of this. Both scenarios produce huge upside potential so either way the stock makes a significant run and I make money.

JMO,

BMiles

I think so. The distribution of shares has ceased and there doesn't appear to be any shares of any significant size available on L2. The final capitulation appears to have happened from .005 to .0009 as seen in the volume spike. With no more distribution of shares or downward pressure then I could see this rising back to .01 on no news as it is a viable company with an actual revenue generating product unlike many penny stocks. If Marley and JAMN figure out it is best to work together and drop all law suits then this stock instantly could go to .07 - .10 range or much higher on short covering. I would not be surprised if all these law suits are nothing more than smoke and mirrors to drive down the price then drop the law suits to send it back up just as fast as it fell. There are millions of dollars to be made with scheme like that.

JMO,

BMiles

L2 activity indicating a move into the 2's here shortly.

BMiles

Looks ripe for big move with or without news, capitulation occurred from .005 down to .0009, lets see what happens this week.

BMiles

Seeing a little action on the ASK side today...

Chart reversal pattern is in, time to run now.

BMiles

TIMBER!!!

Ha Ha, love that. You are right on!

BMiles

I'm just puzzled why they disclosed the information and had a PR drafted up in their 8k but withheld the positive news from the main stream, it is as if they didn't really want that information out???

NEWS - Wonder why they never published this PR included in their 8k?

DEAC Expands Its Business Focus and Moves Forward with Its Growth Plan

(Terminates Existing Agreement and Signs New Letter of Intent)



DALLAS, TX -- (July 27, 2016) - Elite Data Services Inc. (OTC: DEAC ) (the "Company"), a newly restructured technology driven management company, today announced that it had terminated its business relationship with Properties of Merit Inc. ("POM"), a Nevada based mining corporation operating in British Columbia, Canada , in favor of an acquisition of WOD Market LLC ("WOD"), a Colorado based provider of intelligent retail solutions for gym owners and coaches.



On July 22, 2016, the Company and POM terminated the Definitive Agreement signed on May 20, 2016, incorporated by reference in Form 8K filed with the SEC on May 24, 2016, in which the Company had agreed to acquire POM under certain terms and conditions.



The parties mutually agreed to terminate the Definitive Agreement, due to, among other reasons, certain events that occurred subsequent to the date of execution of the Definitive Agreement.



Subsequently, on July 22, 2016, the Company and WOD executed a Letter of Intent (LOI) for the proposed acquisition of WOD in the form of a stock purchase and share exchange arrangement on terms to be set forth in a definitive agreement and other ancillary agreements as are customary to consummate the transaction contemplated (the "Definitive Documentation"), anticipated to be signed and closed on or before July 29, 2016.



Pursuant to the execution of the LOI, WOD agreed to arrange interim funding of no less than USD $40,000.00 for certain operational costs of the Company prior to and after closing, including expenses related to the completion of the Company's outstanding Form 10K for period ending December 31, 2015, and Form 10Q for periods ending March 31, 2016 and June 30, 2016, to be advanced within five (5) business days from the date of the LOI, under mutually agreed to terms to be formalized in the Definitive Documentation.



Charles Rimlinger, the Company's CEO stated, "It's unfortunate that we were unable to move forward with the POM transaction. Although a great opportunity, we simply could not arrange the amount of capital needed for POM to properly execute on their business plan. However, we're pleased to have the option to acquire a uniquely positioned retail solutions provider with significant growth potential with more reasonable capital requirements. We intend to close quickly and fast-track integration of WOD as a new vertical business into the Company's operations by the end of the current quarter."



To date, no closing has occurred with WOD and there is no guarantee that the proposed closing with WOD will occur, which is subject to terms still to be negotiated and set forth in a final definitive agreement.

NITE is flushing traders with 1,000,000 share block on ASK. Similar move the day before the recent 8k.

Maybe AH???

PR Coming! 8K said - "anticipated to be signed and closed on or before July 29, 2016" That's today

Could be late day PR, end of day PR, or Monday morning PR, either way news is coming!!

BMiles

From todays 8k -

MADDSTACKER - I think you are right, we may be seeing a reverse merger about to take place, that would for sure make this a 10 bagger or more. The definitive signing date is tomorrow, that should force a PR that will make this public to all and send this stock on its way. Looking forward to tomorrow and next week.!


From the 8K -

Letter of Intent – WOD Market LLC
On July 22, 2016, the Company and WOD Market LLC ("WOD"), a Colorado limited liability company executed a Letter of Intent for the proposed acquisition by
the Company of WOD in the form of a share exchange arrangement on terms to be set forth in a definitive agreement and other ancillary agreements as are
customary to consummate the transaction contemplated (the "Definitive Documentation"), anticipated to be signed and closed on or before July 29, 2016.
Pursuant to the execution of the LOI, WOD agreed to arrange interim funding of no less than USD $40,000.00 for certain operational costs of the Company prior to
closing, including expenses related to the completion of the Company's outstanding Form 10K for year ending December 31, 2015, and Form 10Q for periods
ending March 31, 2016 and June 30, 2016, and other such items required in order for the Company to become a fully reporting public company, to be advanced
within five (5) business days from the date of the LOI, under mutually agreed to terms to be formalized in the Definitive Documentation.
To date, no closing has occurred and there is no guarantee that the proposed closing will occur, which is subject to terms still to be negotiated and set forth in a
final definitive agreement.
The foregoing description of the Letter of Intent is qualified in its entirety by reference to the Letter of Intent filed as Exhibit 10.83 to this report and incorporated
herein by reference.

Nunya, I don't think anyone trades penny's looking for a long term growth investment, penny's are for traders and this shell / stock is no different than all the other otc scams out there. Yes, 99.9% of all PR's put out are BS but they are necessary in order to give these penny stocks an excuse to move. The trick is learning how to identify these moves before they happen and how to make money on them, nobody really gives a darn about this company or what PR's it puts out, all we care about is if it will move and if we can make money on that move.

Just keeping it honest,

BMiles

MADDSTACKER, in response to your PM, yes. Also I think you are correct, once they put out a PR stating the new announcement in the 8k released today then that PR could send this stock to a penny or better considering the low float and they way it moves on air. Have to assume a PR will follow todays 8K.

BMiles

Oh cool find, I did not see the 8k, I wonder if they will put out a PR today or in the next couple days. Low float so this could move big on air.

BMiles

The link you posted is fitness products? I think this company is in mining unless they put something out I haven't seen??? I have not really followed this company much.

Not sure you posted the link you intended.

Your not alone...

Patience, retail selling appears to be coming to an end as evident by the wide spread. The trend is leveling and another push up to create volume could occur by end of day or Monday.

BMiles