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The shorts could be naked. The MM will put up as many as needed to control the price range until he gets his head dragged
Cool. mike. Thanks, and great to know those things.
And, only speaking for me, but what are we all looking for. Prob a solid 10x trade.
So, once this is running with additional details, and we’re up at like .80c ; i’ll be prob cashed out with a few shares long based on forecast. All subject to change. But, that 10x does not seem unrealistic, at all.
Damn. 3’s , this will be a great ride.
Dont we have some basic projections? Very generally - Watson big foot in their blog had 100 wells ready and projected 8 barrels/day. $50 per barrel with $16 cost
Thats $10mil revs and $3mil cost - $7mil net
Now assume an expanded field ownership, acquisitions, of another 100 wells and tech increase to 12 barrels/ day
Not hard to project some scenario where there’s revs of $44mil , net $30mil
Yea im kinda assuming there’ll be some restructuring in the process, too.
I cant reply to msgs. This ticker will be a mint. There is nothing scary/risky about a 3 month hold on this “if” you can even get sizable shares. I will be deciding on sells once earnings forecasts are released and i project it will be $5+ dollars imo
$12k traded. An insignificant amount. Price thin, spread huge, dropping with minimal shares available on ask for a large investor. Massive company that hasn’t even shared forecasts yet. Significantly locked up.
If they dont dilute - which they havent and dont seem to be intending ; price should quickly normalize into the incoming companys earnings and a multiplier and plus have an additional factor for heavy float lock.
It’s got a banger setup. Will have to see how these inputs actualize as they happen.
I got 325k shares atm.
Once the price runs MM’s will continue to increase shorts until they control it in ranges. Thats the liquidity. Plus, some holders will sell to keep only paid for shares. In total, liquidity is very very low, and that accelerates price greatly. This, the Ceo understands based on the moves he’s made. If price sky rockets based on these factors, thats when the company can raise funds very inexpensively. See Tesla.
Honest thoughts.
But, a month to me, is nothing.
It’s the speed of what they’ve accomplished and negative things they’ve avoided.
I am in heavy on this stock and it looks like great things coming
Somebody got 20,000 .056 on that early morning tree shake. Nice~
Took the .07’s
I know a lot. A group awaiting the ink hitting the paper.
We will all be in a race to grab anything under .15
Hell of a volatile day today on $500 traded lololol ;)
I got excited someone might have picked up a load at .054 but it looks like it was only 1000 shares. Someone trying to shake the tree and catch themselves a delicious prune basket
Ok. Must be that ive not come across that often happening situation in my years.
Im listening - Someone had say 200k shares from long long ago perhaps for next to nothing, maybe trips back in the greys - and now, today, they’re just compelled to dump 50-100k of them into bid at .061, when the ask is nearing .10 and just get out. Or perhaps, put those shares on the ask at .069, when the next offering often is .095 and .075-.08 is getting slapped out the way within 30min of being offered every time. Just cash in and be done with it all. Got it.
Why do you feel someone wants out so bad they will dump the bid or offer shares 25% under existing ask - and not feel it is the market managers simply controlling the prices range and testing true demand ?
The way those shares popped up , it felt like that was mm finally stepping in to control price. Lets see if mm walks those shares down back to .05 level or keeps them there. Why im not slapping right now. Want those even cheaper!
I hate to see ya spend that time driving bro - but we love ya for it too
Still loading bro. Only got 100k shares. Dont wanna push it up while loading low is still a good opp prior to run
Now look what I started. ~~~
Didn’t and don’t really want to see this run yet just trying to shake the MM’s to put up some cheap volumes in an effort to hold the price down. Since nobody was dumping.
Otcx just left the ask. Positive day.
I too feel there will be a ton of meat. Also, that their asses could have had some shtt ready and released day 1. Last time they went current, the msg was same day iir
I feel spencer is ocd in having everything lined up perfect before he moves and that sucks for communication.
But, thats just too bad for me.
I believe mm’s know that this is low volume high spread and before they put too much money up shorting at this level they understand that two 20 million volume days in a row puts this back at .038 and they would be too far underwater imho
~Inverse is this is a great trade for people buying at low 2’s into 3’s (50% gain)
A 300 share ask hit started the first couple hours today. That $15 buy. Anywho.
Crawling to 50% avg daily vol
If updates come out afterhours, this ticker has run the most and faster the past 2 weeks out the gate the next morning when mm’s have a hard time controlling it.
Lets go Spencer.
No bid support. Everyones waiting and mm’s walking price thinly downward.
Needs a tweet.
I know folks like to paint and see the realtime price showing strong, but at the same time it may behoove the stocks strength to let some more shares fall into really strong hands. Imho.
I thought that was a great close. Ask was algos jumping and the 500k bid at .032 sat awhile and was not dumped into. Ascm was like 4 deep in the mm’s. Felt moderately strong.
I do not think it will take Spencer long to communicate. My guess is tomorrow.
Golden cross 50 day crossing upwards the 200 day
Going to pick up on a lot of scanners
Peeps that bought in the penny range are the kind of savy successful folks that will be holding into the teens. Someone puking like a baby in this range is someone who bought at .039 with a market sell at .036. Probably the worst OTC trading plan that can be drawn out. Imo
Shaking out the few flipper fools dumping into the bid to sell every time it’s ready to run and not putting on the ask.
Ascm back to .047. He’s usually a big mm wall. That will be interesting cause thats right above ath breakout where everyone and there mothers scanner will hit it.
Bangerrrrrrrrr
There was bound to be a consolidation day
About exactly the same here on all aspects
All that and we close up 5% .
Looks like a lot of profits were taken. None by me.
MM’s were super aggressive and i hope they get burned bad.
Some huge buys by big hands, and i bet they want to make money.
It was a great week. Next will be better yet.