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Beat that drum. Good stuff.
Zero volume not just MVNT. ALL my OTC tickers have ZERO volume so far today.
Could it be "summer doldrums" already? lol
I actually agree with your 2nd sentence.
"It's either someone liquidating very slowly (if no broker fee) to not crater the pps too rapidly, MMs doing what they do to create faux liquidity or its the same shites that were doing the very same thing pre RS."
Now if you could just cut out the disparaging remarks (oaf, wanker, eejit) we might be able to have a decent conversation on SNPWD.
Holds true for GDVM as for almost any ticker.
LFG!
Ain't that the truth. Low volume almost always means stagnant prices on the OTC.
Just a commonly recognized condition of OTC trading.
LFG.
Congratulations to you. I like to lose money. That's why I'm still posting.
Plenty of opportunities to lose more here!
Interesting trading yesterday:
https://ih.advfn.com/stock-market/USOTC/southcorp-capital-ce-STHC/historical/more-historical-data
Date Close Change Change (%) Open High Low Volume
Mar 04 2024 0.0001 -0.0018 -94.74% 0.0019 0.0019 0.0001 40,000
Only eejits would buy this crap or folks who enjoy losing money.
ZERO dollars in revenues. Get a clue airhead!
$.0211 - Oops. Down 22%. Only 30K traded.
What happens if someone with a few hundred thousand shares decides to sell?
Right! Bargain basement time. lol
Almost perfectly neutral (50.6%). lol
MVNT obviously a "nightmare" if expecting/hoping for "quick" returns on their investment.
Some on this board have been waiting several years for a return on at least "part" of their investment in MVNT.
At this point, I'm still willing to wait for many more months for my return on investment on many of the shares I'm holding.
Good luck to any sellers in any case. Just don't look back 6 months or even 9 months from now.
Fact. Out of over 200 trades today I only count ~12 that were for more than 1 share.
Only 2 trades were for 100 shares or more.
Thanks for your reply and also the previous poster.
You win the "prize" for the most links though. lol
I will read through those links when I am able.
In the meantime, "LFG GDVM"!
Obviously Linh wasn't in the military, so "now" and "immediately" are out.
So I guess anything starting with a "P" is possible? LOL
Like "as soon as practical" or "as soon as permissible", etc., etc.
Plenty of "eejits" trading SNPWD. Where else can you have so much fun trading ONE share at a time?
Unheard of?
"The company makes the changes"
That's what I thought. Is there a link to prove this point? tia
Thanks for verifying the date changes were made.
However, I'm uncertain who actually made those changes. Doesn't Melvin have access to his company's profile page? I thought that was how OTCMarkets operated.
In any case, whoever makes the changes, the important fact is that changes were made!
Btw, I thought it was an accepted FACT that VeeMost had merged with GDVM early in 2023. Below is the quote from their Q1 filing stating this as factual:
WEEK 3 since ASAP.
How long will it really be? WTFK? I sure don't.
https://www.allacronyms.com/WTFK/Who_The_Fuck_Knows
Has this profile page been recently updated?? tia
54.4% short sales. Fairly typical for most stocks.
Maybe slightly higher than most high-volume tickers.
Thanks for info regarding $Rig's Platinum Penny Alerts.
https://investorshub.advfn.com/Rigs-Platinum-Penny-Alerts-4818
Sometimes it helps to avoid reading some iHub boards.
Many times dissonance and trash talk are just confusing instead of being helpful. Some posts should be taken with a large spoonful of caution or just dismissed entirely.
That is why it is absolutely necessary to do your own DD. In fact, any statement purported to be factual MUST have a link to prove its validity imho.
Just some suggestions for those trying to navigate iHub (as well as other) stock message boards. It can be a very cruel world to the uninitiated.
Will MMs bite or not? I say no.
$.025 just printed 3 minutes ago.
Here's a chart showing SNPWD inching its way up towards that goal of $5.
link to 3-month candlestick chart SNPWD*
* Note prices on this chart are corrected/adjusted for the post reverse split value of 1:4000.
You can see the share price clearly inching upward. You can also see the volume stabilizing around a whopping 1,500 shares per day. Which is resulting in much lower price volatility. I will keep track of this as the days and weeks progress.
And by the way, what is your prediction for revenues in Q4 for SNPW?
"Inching" is an appropriate word.
In fact, the movement towards that $5 goal may be so slow you will need time-lapse photography to visualize it! -lol
No timelines from me. But should become obvious once SNPW stops filing their SEC reports.
After all, why waste money on accountants and lawyers and SEC fees when you have zero revenues to pay for those expenses??
Probably due for a small pullback "soon".
Those green candles are piling up lately.
Just my own "unprofessional" chart view. TIFWIW (take it for what it's worth - lol)
ASAP = As Slow As Possible. From Linh's dictionary.
Noticed the stair step type pattern. These can be very powerful as long as buying /volume continues.
Amen bro. Believe me I know all too well how it feels when screwed by an OTC RS!
Not fun at all. I was lucky enough to sell all my shares BEFORE the RS. Still lost a bunch but was better than it would have been if I had waited for the RS!
All of a sudden, BANG. About 600K traded at 0199 and above!
Yeah. Without MM interference that baseline would probably look even flatter. -lol
Last 4 months about as flat a baseline you will see on OTC.
Chart link below:
4-month log plot of closing prices for MVNT
Two 500sh trades this morning at $3.40 -
That's equivalent to 4M SNPW pre-split shares at $.00085.
Still some buying interest it would seem.
I also believe "they are trying".
But they (assuming you mean MVNT management) have been trying for almost 5 years now. Yet for some reason that is never explained, management keeps coming up short in their forward-looking announcements.
I mean how many years has it been since they said they were going to upgrade to OTCQB?
I won't go through the whole litany of achievements they proposed back in 2021, but just in case for those who have forgotten, take a look at the link below. Then maybe folks will understand what I'm talking about. And it's not just about the recently used word "ASAP". -lol
https://www.otcmarkets.com/stock/MVNT/news/Movement-Industries-Corporation-OTC-MVNT-Provides-a-Company-Update?id=303826
I disagree with the meaning of ASAP proposed on the board.
Just like the word "SOON", the phrase "ASAP" has no specific time frame associated with it. The meaning of both phrases is solely in the mind of the user.
Just like the word "soon", ASAP could mean today, tomorrow, next week or next month. And for MVNT it could extend to a few months or more.
I think by now most of us realize that time frames and deadlines don't mean very much to MVNT management. There are many examples in the past that prove that point.
So for me, ASAP coming from MVNT doesn't mean much. I'll be glad to eat these words, but for now I'm not expecting anything material to be released before August or September 2024.
Remember patience is the key that unlocks the door of prosperity.
Here's another good quote about patience: "“Patience is bitter, but its fruit is sweet.”
- Aristotle
Unfortunately, there's a lot more waiting time left.
Just my own opinion.
I prefer conservative price predictions for OTC tickers.
I've found that past history is not a good guide for OTC stocks and this company does not have a long history of revenues and profits. But that's all part of the unpredictability of OTC price performance.
Like you say patience is the key. Especially with a company like VeeMost whose growth potential is enormous (imo).