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Shorts getting desperate maybe.
Right on smart people are getting in there's basically no doubt this thing will hit .002 in the near future.
Question is where is the bottom. Probably at .001.
You're welcome.
I think short-sellers and weak hands contributed to most of the PPS decline. There wasn't much reason we couldn't have accumulated this in the .004-6 aside from this being guided down.
I think we've hit the bottom though. Just check out the volume shorts will have to start covering positions before this rises again.
Traders will hop on soon after that. ATM it's long-terms accumulation and bottom fishers.
Technical indicators are practically useless in illiquid micro-caps, especially ones in the .000's.
Or short relentlessly.
Accumulation on a ticker with generally little ticker awareness can spell disaster when loaders get impatient and start eating up each others profits.
Not to mention if shorts are on this.
Could make for quite the uphill battle.
Sounds fanciful who would be willing to throw away their investment ? Someone owns those shares.
You're on some major hype techno hope you guys got the cash to back it all up up it's gonna be heavily saturated in the .0001-.001 range.
A lot of people will need to get paid before this breaks .001. Possibly millions dollars actually. That can be tough to scrounge up in the micro-cap market.
We'll see where the chips fall this week I said I'm skeptical not doubting.
That's why I'm not just skeptical, I'm VERY skeptical.
This is a small name company, it takes more than money to build up a tickers awareness.
Without awareness it'll be tough to move this thing up to even a half penny in the long-term.
Exactly we've already seen a lot of volume and these traders already in could eat up each others profits which would sit this thing permanently in the gutter.
We'll have to see if the buying pressure here keeps up. Will need billions of shares traded in a short period of time to signal that this can break .001.
People have to buy those shares though...
Well the volume has been heavy even since the breakout and the selling still persists.
Pulling this up could be tough, possibly not even worthwhile if the 10B+ shares outstanding is a fact.
I'm keeping my eyes on this but I'm skeptical. If they have the capital to expand a line of dispensaries quickly then they could do very well. But the fact of the matter is a company with such a small market cap is unlikely to secure millions upon millions of dollars in financing to do so, organic growth takes a lot of time. Especially in a niche like opening distributors.
Oi was this entire company funded through dilution its' entire history?
How does a company go about releasing that many shares.
Wow.
Someone needs to post up the share structure for VRNI.
That judge is asking for trouble.
Right on put pressure on the shorts and traders. This thing moves on slight buying pressure. Especially down here. Now that we have all these new interested parties since the promo this thing could fly on... the fly.
Words around that we're getting a PR fresh off the press from our good CEO Brian Weber.
Terrific. Great post, good to see someone doing some direct investigating.
Now that I would like to see, all that needs to be done is for shareholders to put the pressure on and fast.
If this starts to rise and the bid becomes heavy enough shorts will have no choice but to cover or face some pretty dire consequences.
Not to mention offshore accounts employing shameful business practices are not untraceable and neither are the people behind them :).
16M shorts today are they out of their minds?
They do realize there are still longs with cash to load right?
.0013 is a decent price at that.
A merger or buyout bringing the market cap to just $1,000,000 would absolutely kill those shorts. If they are naked they are playing with fire. The supply here seems quite tight. Under 200,000 shares are accessible IMO. That makes for an incredibly tight ship. Not to mention the nationwide and international recognition this company has attained through the years despite its' recent inactivity.
Share supply could have expanded up to say $100,000 from shorty if they have been introducing naked shorts. They're just giving longs more room to load if something is up here they made a big mistake. The market cap is so small if there are truly prospects here these shorters may be playing right into the company owners' hands.
Covering would tighten the share supply drastically, if we gap up just to .002 and load there for the big run we've been waiting for they will have to take some huge losses at the benefit of the longs here.
Ha I love this post. Did a few simply calculations and there is no way shorty could have exited their short positions without some pretty sizable losses.
That complaint must be a sign of some serious desperation.
If the same people that made all the money in the .002 range are the same people loading now there is no chance shorts have gotten an opportunity to finish covering yet. Looks like the price is right to burn them up for good. A gap up and merger would be ruinous for those positions. 1,000% long-term losses would be a harsh consequence for opening risky positions.
Think about it - longs and traders made somewhere in the ball park of $500,000 this past week. Those profits alone are enough to buy the company out two times over at its' current price.
Looks like shorty got mad what's the deal with the caveat emptor situation? They complain to the otc when they got owned?
That would be a wack move.
Hardly any shorts these past 2 days, significant volume aside that. Seems well to me.
Thanks. Check the short volume looks like they have been covering; they should be contributing a significant possibly majority portion of the volume these past few days. Anyone accumulating down here? Or is it just shorts?
If they haven't finished covering yet they are asking for trouble. They must have lost a decent chunk of cash these past 2 weeks. I wonder if they've learned from their mistakes. If they had to cover near that top at .0025 that's mad. 100% profit potential with a 500% downside, not a bet I would want to take.
Shorting micro-caps is mental IMO.
You inspired me to check the short volume for this month, paired with the charts it looks like they are trapped. Couldn't be making much of a profit down here considering the price has been steady. And looks like they got burned pretty hard before the promo early last month.
If there has been legitimate demand by investors in the low .005's the shorts may be sitting on some very dangerous positions. It appears they realize this considering shorts have been backing off this past week, possibly preparing for a run. Short volume is drastically lower ATM than it was this same time last month. This is saying a lot considering the stock is around the same price as it was then.
Question is have shorts over-loaded positions. And a better question is how many remaining short positions are there. We could have anywhere between 100 million shorts ready to burn and a few if any millions which would be insignificant. If there are more than 20 million remaining shorts out that could prove an adequate catalyst to spark a major rally if paired with some aggressive bidding.
You would think the shorts would have covered by now... Really how greedy can they get there's still demand and solid accumulation down here. What are they looking for - .004's?
If shorts are still sitting tight I wouldn't be surprised if they got burned. It's kind of unbelievable that they haven't covered for most part as of today.
PPS rising above .04 this year would surprise me but it's definitely still plausible.
I'm thinking we break .02 though target .025 for me check the charts looks reasonable more people have been attracted to this since the past bounce.
.005's soaking up a lot I expected this was the loading range, bid looks light might be a spook to make people think .004's are happening... I am skeptical of it being an illusion.
It's inspiring to see the big sells filled despite the L2 not showing up all that on the bid though so there's hope .005's will finish loading and we will extend within the month.
Still looking up at a .025 target.
I'm surprised this went down here on a light bid. You'd think a couple people would step in and buy this up. There can't be more than $150,000 worth of shares floating around ATM.
IF this thing bounces soon it could hit highs quick.
Decent amount of eyes here since the bounce promo and sell off. Itching to buy back in at the slightest sign of another bounce.
Breaking .001 this week is not happening. Starving short-terms might spark capitulation before the run though.
We know investors continue to load, .001's wouldn't be holding under all this dilution if they weren't.
I can imagine Bruce Perlowin buying tons of shares down here. Even if we do go to trips the value of shares sold will be relatively small. IMO.
XUII best psycho play I've ever seen.
This much recognition can't be bought even with a million dollars.
KABX Good price and demand, price moves relatively easily, loading has been relatively manageable with only a few hundred thousand dollars traded this year, this promo might just work out.
HVYW wow awful promotion, tanked in the morning and hasn't picked up since. Shame on stockrockandroll.com, stock bomb.com and the whole party of e-mail promoters.
EVSV interesting setup, got an e-mail for this significant demand followed by things getting quiet and demand becoming conservative. Something may be up. The price looks alright.
FCCN got an e-mail for this looks like the standard dumping pattern I have doubts support at .30 will hold up. Bear trap under .70 IMO. We'll see if I'm proven wrong.
UOMO Ihub sent me an e-mail promo for this, unbelievable. Thin volume, high price momentum turning down. Looks like the loaders are in panic mode trying to sell off before they eat eachothers profits up.