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You are still missing the entire point of the exercise.
Yeah. Doing exactly what they say they are going to do is pretty despicable don't you think?
Stop with the misrepresentation. The Global Lock (or what you call the 'chill') was NOT LIFTED. No one ever said it would be.
Thank you. That is exactly what the memorandum said would happen. Funny how the words get spun into something else altogether.
So far so good.
Why am I skeptical?
I do.
So where are the .0001s coming from?
The 'chill' as you call it is in fact a global lock and has applied to all brokers since its inception. Do not fall for the spin doctors pretense that it only applies to three brokers, that is absolutely false. The DTC was quite specific in their announcement that they were exiting ALL positions in RCCH stock and would not provide settlement services to ANYONE.
That is the definition of a global lock, the DTC will not provide settlement services to anyone.
One or two brokers (Fidelity for instance) have decided to complete trades by settling transactions manually, without DTC support, but the vast majority (not just three) have refused to trade the stock without DTC support.
There is no chill on just three brokers, that is a falsehood perpetrated by a select group of people to try to mitigate a disastrous event for RCCH stock.
Stuff and nonsense.
You are correct, but there is no point in trying to explain it to the faithful.
It has been obvious from the start that this is a minor housekeeping exercise, but as in every past event, the hype has no interest in reality, just looking for a situation to exploit.
Nothing is going to happen, but the touts will do their best to keep the spin circulating.
Yes, I'm sure.
Yeah but since there is not and never has been a short position here, what will be the excuse when nothing happens?
How about a bet about what will happen?
I bet that nothing changes during the entire week. The ask will stay in the .0001/.0002 range and the .0001 bid will occur intermittently. Volume will stay low and the faithful will create new excuses.
Why do people refuse to understand the market they invest in?
What a crock!
I sure can.
You laugh, but think about what possible motives exist for someone to constantly provide unsupported encouragement for others to spend money.
Is it possibly more truth than you might be willing to accept?
What makes you think it isn't Newton himself, his son and/or Essman or Lux?
You are more accurate than you think.
What am I missing?
They weren't buying from the public.
You are right there never should.
There is not a " no bid - 0.0002 spread".
The 'spread' is the difference between what the MM paid for the shares and what he sells them for.
We often confuse the term with the difference between the current bid and ask but that isn't accurate. In many cases, if you watch level 2, the 'active' bid and ask prices are from two different MMs. The MM on the ask might have a lower bid than the one that is active at the moment, and the MM on the bid might have a higher ask than the active price. In fact the shares being sold at present might have been bought some time ago at a different level entirely and the spread for that particular MM is totally different from the difference between the current bid and ask.
All MMs are maintaining their own specific spread and their own specific inventory. If they have enough shares to sell at their current ask, they have no reason to present a bid. In fact if they have no shares at all they will ONLY have a bid and they won't present an ask until they have sufficient shares to sell.
People see the bid and ask as part and parcel of a single entity and don't realize that it is a conglomerate of entities all with their own specific requirements. The sum total of this activity by all of the participants provides a great deal of the fodder for the conspiracy buffs, but is really quite simple and straight forward.
What are you talking about?
What else would they do?
Are you serious?
The links have been provided. It seems that it isn't Earnest who knows something that you don't, but everyone else knowing what you have ignored.
Obviously a lot of people.
They can ......... and will sell them for as long as they want, there is an endless supply.
What effort?
Why do people keep saying that?
..
Everyone knows it is an MM signal.
Are you serious?
Sorry but the bulk of the billions of shares sold from the AS into the OS were sold at .0001. Look at the volume history.
Read it again.
That is another misconception that supports the NSS mythology.
There is plenty of evidence that they aren't!
Pretty easily actually.
Statement of fact.
Only the film company exists and it is a scam that hasn't released a movie yet, so no revenue there.
The others are companies that were created the same week that RCCH 'claimed' to be negotiating LOI's with them. One week of empty shell existence and no contact information to allow customers to buy anything equals zer revenue.
So, yes, not one dollar of revenues from the so called 'sole subsidiaries.
Fact.