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All possible, many ways to walk it down. My sell today was 20 partial fills in small increments although one order was fulfilled.
Not panic driven here, just looking for better entry.
5000 asks are blind ECM large sells typically. They do that to hide # of shares to not spook market down.
Company is fighting shorting as they said they would.
While commendable it's not needed. Real organic PPS growth comes from revenue and fins.
I do appreciate the volatility. Bargain buys.
The sellers at this level are just day flippers looking for dry powder to use on a hotter play IMO.
It's definitely not fear induced.
Keep in mind I'm talking about the next 30 years. I have no details, only patience.
MMs need to realize I'm locking down shares long term. Essentially a buyback as it decreases the float long term.
I believe others are as well.
It happens. So long as there aren't significant FTDs it'll go unchecked.
Hard to prove.
Extremely silly to short this stock right now. I shoved about 2mil in my retirement account. I'll sell it when it hits $5.
Otcshortreport.com
It's legal.
50% shorted today.
VNDM and VFIN will occasionally show up to keep this below a nickel.
It's their way of holding the door open for themselves in case this really is a golden ticket.
Letting it rise premature to rev statement costs them opportunity.
Just recognize that they see value and buy now at this level.
MMs have to make profit to trade on exchanges. It costs $18k/month for one seat on the NYSE.
Clearly they only wanted to suppress PPS during show hype.
No idea why yet. Sorry to those who were wanting .002s
Congrats to those getting 006s/007s.
The 200k bid at .0061 is genius and well played.
I've loaded up as much as I'm willing to at .007s. Close enough to bottom for me.
Agreed. If sell price is agreed to as .006 as discussed (even though possibly debunked) this is the hard bottom.
It appears VNDM is unwilling to go below .006
Looks like a hard bottom defined by VNDM.
I would hope so, SEC typically locks those down for 1 year. Thanks for checking.
It simply makes little sense for massive inst/retail sales at this level.
If company were to dilute to support M&A they would have done it long before now at much higher levels with considerable more volume.
This still appears to be panic driven retail sales via shorting post conference.
I didn't see that, there was speculation on board that VNDM is selling the 70M shares used for recent M&A on a blind ECM.
If that's true we have a long way to go since half of recent volume has been short sales. The market isn't there to support that volume.
My point was its very conservative of biz seller to sell acquired shares down here considering future rev streams. Unless they had massive convertible debt maturing.
Selling is not over yet due to fear/uncertainty. If 70mil is in the ask then two things. The seller wants out fast and isn't interested in oversold status and/or any more cash then what's due to them. Highly unlikely but possible. If true we should see a SEC filing if its more than 10% of OS.
The volume suggests we have much more to go if so.
Once institutional ownership builds a base those shares will be needed for market liquidity.
60% of volume today were short sales.
VNDM will be here for awhile I think.
VNDM wants to go lower, teasing the bid to get sellers under it.
Weak hands continue to fold. This is unwise but the extra shares should help the rise upward.
Once the weak hands are flushed VNDM will leave. The extra shares are both naked and retail. Fear selling driven by shorting. 30-40% short.
There are also doomsayers trying to short on their dime. Sell high buy lower thanks to weak hands.
Company is a little over reactive to being a victim of MMs. They need to just focus on revenue.
$4.76/gal in Silicon Valley this weekend.
FEGR has exposure to both. No excuses.
The determination to continue depends on current leverage and consequential required $/brl for ROI.
Well development takes time as does delivery, licensing, permits. Especially under current Fed admin.
Keeping the stock current with OTC costs money. So does the railroad license, tank farm, leases etc.
Considerable amount of money spent for someone who has given up.
If gas and oil don't climb soon he will give up. He's highly leveraged on a bet that it will climb.
CHK is in same condition.
Selling now puts shares into hands of MMs to sell at profit later. I would advise just holding and the MMs will see the dry up and let it rise.
I do appreciate the significant discount they have given us. It is way oversold.
Especially if company buys a little back.
No news before election.
No point in doing anything substantial until after the US 2012 election. Then they'll know where to apply grease for at least two years, if not 4.
Greg's no dummy. The silence is intentional.
Anything is possible. However I see this as a MM shaking hands loose through shorting.
They see a huge golden ticket here in a tiny float and need shares badly. They will cover what they need along the way.
Once they've bled out all the weak hands they'll let it pop and sell into the climb. Then they'll short the backside. Cyclical.
By claiming scam it's only helping the MMs gain more shares.
VNDM continues to force weak hands out to free up shares for the MMs to buy up.
MMs know this is a golden ticket.
Game playing. VNDM wants to hold it down without selling to anyone ither than his pals and the buyer wants to provide a buying base to keep VNDM from from dropping lower.
Anyone who truly wants shares buys at ask.
The volume is slowing so it looks like VNDM will leave soon.
Agreed. I think the MMs are loading up as well. Likely also holding it down so more of their pals can get in. Dirty little secret here.
Buying pressure dropping. Once the MMs drop the PPS it'll pop hard
MMs will not stop shorting until they win. They can issue massive amounts of naked shares "to make a market" within 15% of market price.
It will take a massive concerted buying effort at ask via a PR, fins, or financial institution to make them swallow a massive loss.
I believe a large portion of naked shares has been covered already, shouldn't be here much longer.
I'll be surprised if they short into the weekend news cycle.
A GNC deal could do the trick.
FYI, I picked up 300k today and it was filled 5k, 20k at a time over 5 minutes. Not all at once.
Massive downward pressure from MMs. Someone has a massive short position they are desperately trying to cover.
This is MOASS. Fun to watch.
http://otcshortreport.com/
Type in Fitx for short volume.
5 mil today.
Update on Facebook.
Watch the MM magic short cover. They have it cornered. .007 is bottom.
CDEL driving the short cover now. They showed up after I bought 110,000 at ask.
MM's can't be beat when there's weak hands.
This isn't dilution, volume doesn't represent that.
Weak hands are looking to get out to find a better entry after MM's finish shorting.
Group psychology 101.
Fair to say any significant revenue will occur mid-2013. Hold tight.
Company is very busy. No time for PPS pumps until tank farm is finished and trucks are rolling.
It would also help if Nat. Gas would get above $4-5.
No rush here until then.
Interesting development here.
FYI to board. While placing large orders on the ask (.02) while VFIN was not present, they immediately dropped below the ask to (.0175) to fill. I appreciate the hefty discount considering what I was willing to pay.
GLTA on this wonderful up and coming retail sector stock.
You've found a gold mine here.