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Mining the bitcoin is certainly important however marketing the biz vision is not to be overlooked as it drives price moreso, and this is a grand slam.
I believe this is now longs parting with shares, moving on or hoping to buy lower. When bfch bought TelesisIT for 15mil shares, i think that was lots of the selling. Im also waiting on where the warehouse construction is at. I think they are doing it on the cheap and not diluting. I haven’t forgotten that the land lease is for 10yrs. and that the last unaudited balance sheet had like $190k in cash, so they dont need to dilute. Beyond bitcoin mining, ive not forgotten this statement in their quarterly - “
Strategic Acquisitions- The Company will explore various Strategic Acquisitions of private companies that we believe will benefit from the exposure of the public markets. Once we identify an acquisition, BitFrontier Capital Holdings, Inc. will incubate them until they can be self-sustaining at which point, we will spin them off into their own public company providing a dividend for our shareholders. “
I hope everyone makes lots of money.
Most important, this is a very locked stock.
Just adding that i’m in on this trade, been in and out over the past 2 yrs - but i’ve got a good chunk i’m now holding long - hoping for continued progress on the mining starting up - and also, high potential for other biz being merged in. Hope everyone makes substantial money.
No.
Making me look :)
If for some reason a big dump comes btwn now and some news, we all might get some .005’s - that would be very nice.
Yes, literally:)
Hey guys:
Still got some shares, but not a believer in the potential acq that many are chomping on. Wish i could.
Check Post 4316 of XALL.
My opinion really should not count for much. Ive only been otc for maybe 2’ish years. I was looking for opps, like this one, to buy and hold heavy risk/reward but seem to keep running into so many failures.
What i feel is: Bots will add liquidity, cause it will force environments where tickers draw trades. Bots will make or be forced into some miscalculations, which is an opp. (Ex. Ask price might creep down by a bot near a filing release date b/c no trades are happening).
On the negative, it may trade shares with little support downwards and keep flipping for only a few dollars profit, cause panicking and dumps which turn out to be irrational.
So, idk. Im open to being wrong. None of it is easy for me. I have lots of losses eating any gains and it’s shtt like what just happened. These embarrassing company circumstances.
Current Cdel is a bot. Just fyi. I just messed with him. So, he’ll misprice himself once in a while.
Have a good weekend, all.
The bid/ask spread is always attractive and though volume is pretty low, one could flip 20k shares for a nice little gain - over and over - for months to come and collect a substantial free ride accumulation for when it runs again on some merger filings. There’s def money to be made. It’s gonna take some patience.
I dont have much to add. Sounds like it was Cool’s financial records having gaps and/or unrecoverable missing records that couldnt pass sec level audit - and im shocked a company making millions didnt have that bookkeeping shtt up to date.
But, if so, and 808 wasnt the prob, that means 808 is a clean shell, with a small (locked) float and fairly small outstanding issued shares. Also, i understand they dont have many outstanding warrants to convert and the small amount they do were issued around $1 - meaning it’ll be a long time before they are cashed in.
This shell is a sexy proposition for another company. This feels very similar to empm now, except i think Bill is more of a businessman and will move quicker. How long to find a company and get an agreement? I would be pleasantly surprised if it happened this year. You - could literally find private companies in your state looking to go public and refer them to Bill.
It’s nice to see more action on both bids and asks. Market smells a range and churn to profit flips. Now if csti and any retail seller would just give it some room and not place ask 25% under next ask, this would start floating upwards
I’m all about that, Pac. And the new troll here will never get a word from me.
Agree.
And, there will still be retail traders and MM working on flips of the ticker. It will still trade where there is value to make money on the spread.
Also, i think Spata should put up a large bid at avg price since he pushed this to his race participants as ownership in Cool via twitter and linked in. I think he’s got risk in putting the ticker symbol out there prior to merger acceptance on Cools part. He could have Bossung return them to the treasury and get a writeoff.
Not the best of news, certainly.
Really thought Cool would have vetted sufficiently prior to going down a year long path. Kind of ridiculous.
Ok. Cool, and again we don’t know exactly why what is being done is being done. A lot of messages out we’ll see what comes back
Ok. Thanks.
I see that name change now. I sent an email to the registered agent.
If Cool Events has already merged with 808; god willing this is some formality for finra approval. Idk.
Oh im just mentally planning on this continuing in the new range for another week, maybe two. Hope not, plan for yup.
I picked up 50k at .02 and have the .0175 bid for 50k
My short opinion, reading the nvsos page this morning - and i dont have expertise in seeing filing papers:
Something like - when the custodian was to change from 808 to Cool - i believe they had Bossung act as agent for them thinking it would shorten the process by him transferring custodianship to him, just diff companies. The nvsos in May had all Cool execs listed as agent (pres, coo, ect), though. I think finra for some reason has a wedgie over that shtt. Now Sept 5th (thurs after labor day) Bossung filing uploaded to put his name on all nvsos agent roles again. My guess (just a guess) is that update allows them to file another change form properly with finra to start the approval of some stuff to go through that was before rejected.
Well - the MM’s are rightfully confident they can short at .04 and cover at .015 , or just buy .015 and sell at 100% higher. Cant blame them. A lot more eyes will start showing up on this now, as traders want trading - not buy and hold -and we will start seeing volume. Imo
Imma see if they come down more with bids showing at .01 before i snag
Hey man. Send whatever u wish
One word. justin thomas brown , yahoo
Yea, if bids counts are light - at some point it look like an opp to drive price down, gain on shorts, and drive transaction volumes.
Ya’ll remember empm?
.01 clean shell, bid to .02 for loading, right. At some point drifted back to .01 (a 50% paper loss!). Then trickled to .008 and still sellers and shorts and at one point someone(thing) put 700k on ask at .0047 . Now, down 75%! from where people loaded. Could be pretty scary. Lots of questions “is the opp ruined?” “What dont we know” “why is irrationality winning?” , all legit, but reality is it was just horseshtt. Nbd. Loading opp. Nothing. When the shell was filled - straight to .04 and then .07 (700%! Up from .01), then went as high as .25 (100x gain in months) from .005. People and machines were selling just prior to a 100x gain. It doesnt have to make sense. MM’s are looking to churn trades. Flipping and fees. They will usually get their way, short term. Imo. I’m just waiting as long as it takes, and hoping something redic doesnt blow it up.
Sleeping well still.
Thanks bro. If my phone didnt beep i woulda missed it. Grabbed 20k at .04 then moved the dial with the1k. Guessing an algo. It didnt creep down. such a dumb move.
Lets see if the machine gets pissed and crushes downwards now.
I have the same hopes, Uboat. Just chillin.
Re: trades, i dont see anything worth mention. When cdel ran price down from .10 to .06 and kept dumping the bid that day, that was weird. Unusually, rushed and w some 30 min breaks between. Made me think process resolutions had someone with some shares they needed to clear real quick. Idk.
No volume is great, imo. Keeps closure time marching, without shares being put into MM hands. The less in their hands, the faster this shoots up one day. If continues to be none, they may dump into .04’s and .03’s to shake the pot. I’ve got cash ready if that happens - but lots of wallets will jump onto that, so i’d be a race. I prefer boredom.
We’ll see.
My 30 day clock is up :) I did, and still expect to hear something now - this week. Pre-labor day, everyone at finra’s prob on vaca. Post labor day, short week to sober up. Last week was a full week and soon will be a quarter end. Processors love to complete tasks to be report into quarterly productivity. Hoping something will get settled and drop just like everyone else.
Cool man. Happy for ya.
Maybe someone wanted out or maybe MM wants to drive bidders away and lower the price, increasing the value of their short position, or therefore just upping overall trading volumes. Idk.
But, those are are nice fills!
Agree. With strong honest communication, we’d prob be at $1 now since there were no sellers instead of forecasting the same in a couple months. I didn’t see who got all the fills today, but nite has added another 50k at .12 (an easy double from likely the .06 fill). Market makers jobs are to make a market (transaction volume) and they are slowly starting to get that back again.
All valid ideas, certainly. I see one guy sold a small bit at .08 which cause a weak hand to finally sht the bed and dump 70k into .06 bid as bids were put up. That’s all, and not totally amazing.
From what ive seen, when a RM isnt gonna happen, you’ll see like 1mil shares put up on ask at this price and walked down over a day or two.
Coolevents is custodian of rnwr. Can you imagine how long it would take to go through the whole custodian process again, for a new ticker? Can’t imagine thats in either sides interest. And, if there were a prob with Coolevents themselves, i’ve only seen that with Fraud discovered, Law changes, or pending lawsuits. I dont see any of that - but anything is always possible any time. If i see .04 or maybe .05 - i plan on grabbing another 100k, if avail.
Yea. Felt like one guy. And, imo, he was buying from cdel (who imo is acting as another MM) that luckily received the 100k share dump at .07 a week ago. So, 50k of that cdel holding was taken from him today at the obtusely low ask of .09 when the next ask was .14 (thats why i think MM). Then cdel ran hiding with his shares left.
That’s how i read it all. Today made me smile.
Have a great holiday, all.
Price movement with no shares is rather insignificant. As for communication, i just have a belief that finra is a little bitch and they don’t communicate well preemptive with companies submitting. This creates rework and misunderstandings of needs. I wouldn’t be surprised if Bossung needed some filings up to date just to transfer the entity again, or whatnot. Idk. Point is - if this was your $100mil baby, and if you were sure the path eventually led to success - would you risk it all blowing up because you made an inadvertent comment, received the wrong way, to someone offering little value? Or would you just shut up, take some pain and do it right until the guarantee was in hand?
It’s a diff answer for all of us, I suppose. See ya in Sept. I’m getting more buying money together.
Wow just saw that someone puked up 100k shares eod at .07
It takes a long time, if even offered, to accumulate that many shares at that price.
I agree, and i think your revs will be 60mil for 2020. All i understand is that real work is being done with finra, real updates are being sent back, and new resubmissions are being worked, ad nauseam. Each iteration takes time, wasnt predicted, and will be.
What do you have cool events financials forecast at, Pac?
There is no reason to trust them. But, shareholders do, and in large proportion. So, thats another question you should be asking yourself.
If i recall, Filings do show they pushed the date to take over custodianship early, and it happened. Other than that, and the name of the company to merge in - nothing else is public.
Yea, it was nite (28k) and gtsm suddenly on bid looking to cover their shorts and got totally filled out of nowhere.
Hummm