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So glad to see someone was thinking along the same lines. This is insane. Etraders who don't know what they're doing. f'in it up as always.
Alright! Here comes .04
So the lensers are on the same page but each have their own game-plan and that game-plan may be contrary to the best interests of the company and us shareholders...ok but it seems like we're assuming that the company and the MM's, mostly NITE, are not acting on consort. Of the company has a strategy in mind for the back end then they acquiesce simply has to go along then they acquiesce, but with full knowledge and approval. Also note that they didn't totally leave themselves hanging out to dry...the notes are convertible at the discretion of the holder UNLESS it reaches 200% of the conversion price.
I would imagine that they have to. There are just too many shares to dump and by entities that are not speculating, they are intent on getting their money. A r/s would cut their workload and costs down significantly plus they can short it down to nil if they want.
Someone did answer... Says they dis a 1-50 @.11. Also, just looking at the 13g's and the 14a there's is a controlling stake between with all institutional investors. My question is what does the buyback from the China fund mean?!
Looks like one more moderate down day might bring a "pinch". Would be consistent with the other runs and also the MM accumulation activity. Level 2's over the weekend often help me and it looks to confirm this. Seems like the mutual fund managers are taking their last stab, but the equity firms might still be playing their game. A reverse split would appease them as they would only have to dump a fraction of the shares and at a more respectable price, which helps the mutual fund managers so they would be appeased.
Seems like the pregame show going on. That SORT OF tidies this fiasco up a bit.
This is usually true but I'm not so sure. If what other posts about magna say is true; and it definitely has merit, then they are covering with shares from their convertible notes that are not ones purchased on the open market. It would explain the somewhat strange bidding going on on an intraday level. Nite doesn't seem to be buying and selling in their normal way.
All in all, there are so many institutional players involved I think that all of our assessments are right and "they" have a tiered approach to this endeavor. The shorting of convertible notes may be the precursor to the possible r/s move. Our support and resistance for the last week or so has actually been the exact break even point for a 1-40 and 1-50 reverse split. Being that they have so many shares and some of the other players have bought at a penny they can't just dump them all and dilute to trip zeros. Not only that, insiders bought at .1 in November. This is exhausting.
.0037 up jumped from 36. Good bid support above 35. Hoping for start to an upward move but probably a temporary recovery. Most likely gonna whipsaw until mm's accumulate a lot more.
Looks like this could be the bounce right here actually...believe it or not.
Ok, so it is. Back down into the threes.
Golden cross coming and adc looks prime though. May only take early next week.
I think we're in for a tank on the short term. Ask is waaaay deep to ever get to .065. Not looking good for us here.
Het eagle. I want to formally thank you for you hard work and sharing your expertise. It's more important than you probably realize. And everyone else as well. Mahalo.
Oh boy. Here come Nite again. Not glad we talked them up.
Ooooooo. We have short covers too...yum
Moderate volume is a good thing on the first day as the available buyers at this price level will push it up tomorrow!
Here come the 4 bids. Alllllright!
Hey guys! Congrats to all those who held out!!! In a different time zone so I've arrived late to the festivities. This is big...I'm so happy right now. It's been a pleasure fighting the good fight with you guys. Now it's go time as the MM's and company want what we want now. The uphill struggle is finally over. Cheers everyone.
BTW...does voting down the r/s make a rise in pps likely? Sorry, I don't know that already myself. Also, how long is it ballpark between the vote on the reverse split and an actual r/s? Thanks very much, just trying to figure out what we're dealing with here.
I think you got a pretty good read on it actually...Except that the mutual fund and other investment companies probably bought into to overpower the shareholders and ENSURE that the reverse split goes through.
Well, what happened in those situations?
First of all I'm not "trying" anything but to let good people know that something is up. I never speculated about what that something is; I simply advised caution. And yes, it's another one of those mysterious Ameritrade lock-outs for some reason. Not sure how those work out, have you actually seen and confirmed what happens with those stocks? Much appreciated.
FYI...just a note. I got a message regarding a DTC chill on mjna. Somethings going on and I would be careful trading this and the other mj stocks. Be well, happy trading, make oodles of money, but most if all, protect what you've already got.
Hope this guy gets his ask slapped b4 more pile up!
Good accumulation by institutional players acquiring these shares. They want .037 bad.
Think so nite's setting up
Nite dumping bigtime here. What are they up to?
Oh of course it can play out very well for anyone in this! Every play is different and every playa plays a different game. Just wanted folks to know the facts of the situation and any hidden risks. I want ti help people be well and happy.
1) Those failures to deliver are indeed on shorts. Fact! 2)Being that short interests are not reported for 14 days that would mean that your info does not include the ones accrued over the 13 days and counting, as anyone familiar with mathematics would know. Simple and plain as can be.
Funny how the price spike took place on the 13th day, the day BEFORE they are to be reported.
And FYI, shorting penny stocks is a Huge part of the game. Most are not shortable by us but MM's and other institutions can and do...often. They can afford to play that game...because 100 million pennies ad up!
Well you must have done you homework and you sure sound knowledgable...
As per your own reply those "significant failures to deliver" (on shorts) are 13 days old and counting. Looking at the one day spike on said 13th day I'd say it was over 100mil. I didn't bother to count them because it didn't take a whole lot of dd to figure that out. Like I said best wishes...
Beware!
Did dd on this one. Price spike was actually a short squeeze! Best wishes.
Nite is leading the charge on this beast. Look at the incredible intent to dump.
Here's a bump right in guys.
Great chart Roo thanks. Helped me keep it in perspective. People like you make this community invaluable!
Damn!!! They're tryin to take us down peoples.
There it is!!!
Yep, accumulation happ'n here. Good bid support above LOD and increasing voume. This can be the start of something special!
I agree spear. I'm so excited. Like a kid on Christmas morning.
Lookin good people...
Enjoyed fighting the good fight with you. I'll do it again any time!