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I think the rule is if it stays below .01 for 30 days, it does lose status. Happened to me last month in some garbage even more diluted QB medical device stock(GTH*P. For ex., it lingered at .0101 late Feb. and I said "that's bottom" after like 10 days straight down trading 7M shares a day. Next day it went to .0075 and I'm down 3k. Then hit .0065 next day and fortunately news came out like at 11:30am and spiked to .012. I was able to sell between .0095-.011 to almost break even..The POS then went back down and then made another run but I laid off...
TMI, but moral was yes it can go below .01 but I don't think it will stay 30 days below consecutively before they bounce it some news which is tough to time. For some stupid reason, I think this can eventually make a double one more time but who know's, that could be .007-.014 or now from .01-.02. They would have to keep pumping PR's with no dilutive hints though..I don't know anymore..all luck. Now the question is will Loyola beat K state?
fair enough, just was wondering why such a change of heart even when the blatantly announced dilution a few weeks ago?...GL to you elsewhere man. I'm still on fence with this one...Maybe it will dump below .01 next week and eventually and get one other good bounce to retain QB status. Any bounce probably short lived as usual. Many trapped higher looking to get out as well I suppose and trade feels crowded to me but I've seen worse even with a high O/S
Usually they will give some forward looking guidance malarchy...but maybe going "dark" is good. Ask stock_up guy, he has the inside track. Now his bashing makes me interested in the company. But don't think he had any position anyways
yeah that guy drake is useless...looks a little like edward noron
What does being on IHUB break out board mean? I always see .0001 stocks there too...sometimes you don't want eyes on a winner either...less crowded a trade is also sometimes better. Misery loves company
Stock_up is it time to throw baby out with bath water? You think we go to doubs today?Will you "load the boat" if we do?
that was funny..
Xerxes: There will be no glory in your sacrifice. I will erase even the memory of Jonny Reed from the histories! Every piece of TFVR parchment shall be burned. Every TFVR historian, and every scribe shall have their eyes pulled out, and their tongues cut from their mouths. Why, uttering the very name of Jonny Reed, or Hokie Dokey, will be punishable by death! The world will never know you existed at all!
Messenger: This is madness!
King Leonidas: Madness? This is TerraForggggggggggge!
bohd the float is obv. way higher...hokie dokie would know...u think it goes subs by friday and bounce...I'm expecting a huge move to .015 before retracing,,,take profits there if loaded up?
The good news the magical 0.01 OTCQB status may hold. I know it's has to stay above for 30 days but it could go below temporarily unless jonny reed pumps some news fluff in next 3 days to keep interest.
For example last month I saw a POS highly toxic(more toxic than TFVR) and risky medical device company linger at the .0101 level. It was churning 5-6 million diluted shares a day for weeks slowly... My pincher play mentality said "it was due" and wouldn't go below .01 to keep status. So I loaded only 1m shares at .0101(10k).. 2 days later....whammm...went to 0.0075 and I was deer in headlight holding the bag down 3k...praying and hoping for news as another week went by...then kazaaaam an 11:30am no less news fluff of some of their devices being sold(they had been no news in 2 months)...I got so freegin lucky to get back to even and sell into it....it's actually at 0.0145 but happy to be out.
My fingers are crossed for that to happen here....So if it drops below 0.01...it has 30 days just to get manipulated back above it to hold status? And din't these guys just get the QB status in January. Why all that work just to have it go subs?? Thoughts?
I'm ready for a huge pop here to .0145-0.0152 on great news but remember to sell and take profits and don't get greedy.
whats wrong with pump and dumps?? as long as you sell into the pump and hype and not drink the kool-aid and become a bagholder
agree NW, thanks for being a voice of reason. It was all fine and dandy and had potential when the float so low. One unadulterated pump job when unknown in early January to what .16 claiming ethurem investment and different focus and new company(bait and switch). All that did was open eyes and complete pump and dump as I predicted. No no, it was going to .25 and "the moon" just like any scam company in OTC
Now imagine the "investors" caught holding the bag who didn't dump. It then came down on "dilution" "mm manipulation" REG SHO..blah blah blah..all typical excuses of retail.
Now what was it just early February when it bounced from 0.018 to .065?? Was that because taken off REG SHO? NO, it was still on it so that excuse was BS.Still a massive well deserved pincher play. Now allll the way down to where it is nw all the while increasing float and O/S making it mathmatically impossible to make another significant run even with positive news...complete clogged and congestion now plus telegraphed future dilution right?
It HAD potential so time to look for other low floaters IMHO. That is if you think there is a future in this industry which is still a question mark. I'm still on the fence fwiw but I did think at one time this could have been a winner
yeah these were prices I wanted to see before jumping in but now with all the churn and dilution, bagholders trapped higher "waiting to break even" and sell, gives me a bad feeling. I'm trying to search some low floaters and other plays that have potential and not clogged like this
I was being sarcastic...lol. This baby will just churn in tight ranges now for awhile unless a significant non diluted PR...They will put something out to keep perma longs in and hopeful
smart move BUT you could just keep averaging down into a loser and pray for a pump job that sticks...thats always a great idea:))
hey bohd, realistically if I'm allowed is dead cat bounces to lower lows and you are right with the float increasing significant moves higher will be tough now. You goy guys loaded up higher who will hold and hope to break even eventually and ride to the triple digit graveyard and future reverse splits. BUT since it's OTCQB, it has to remain above .01 30 days I think or loses its status.
But I think different news pumps will prop it and ave some nice 20-30% swings from time to time...then immediately sell off like most OTC. But has float grows and higher volume churns never bodes well
Okay fine, now they will churn and take out those stops
no way bohd, everyone is perfectly averaged at every low and buys each dail low I thought:)
sono, I been doing much better trading the bitcoin etf like say GBT*C back and forth. Weird how some people think the pinkie OTC should move with the index..def, not the case. Crypto in general over time will collapse like any bubble...dead cat bounces to lower lows still in effect..just gotta sell into momo and get lucky in pinkie land into news pumps and stay liquid and have powder dry
I think your right m93...seen it all in toxic OTC land..gotta be in and out of these types and don't get married to it. Certainly not something to sit on at this point even if they keep pumping positive PR's? I been on the fence with this one awhile...dead cat bounces to lower low's and a lot of churn I see as float grows and grows
did I miss opportunity of a lifetime in high .01's...hmmm...impressive bounce even with the diluters on level 2...even MAXM joined the arty for a bit
pump baby pump, long term target .019 to sell and take profits....we got new resh meat coming in to dump on into bounce
drinks are on Jonny Reed tonight. Laughing all the way to the bank...way to go!!!! which pub in Arizona everyone meeting at?
OMFG, I took a dump and in one's...is this bottom stock up?? lol
yeah, I was interested too until I saw the toxic funding in the PR...at least with the high volume, it's liquid to get in or out and get a big fill..now the float/o/s will just keep increasing over time...i'll still keep terrorize terra forge on radar
Jonny Read is laughing his butt off right now...way to go buddy
yep, they should of left out the financing bit in the pump PR...not smart at all
COWN MAXM BMAK are back currently...whats that mean??? ummmmm..bye bye
looks like the toxic financing in the future won't brink this too far for now...heavy volume now and MM diluters in level 2 right now...a big bust
"financing agreement in the principal amount of $1,052,632 with institutional investors. The gross proceeds of the transaction will be used for strategic investments and general working capital."
How is this not above .03 on the news right now?
$1 after a 1-1500 reverse split...but that will be much much down the raod after it makes one more run on news pumps...realistic target .05 cents after news
lol harb, that was me who pumped in fresh meat at the end from my post. I am predicting news. Gaps to .029 retraces to .026 monday--- goes to .028 tuesday then retraces to .027....OR mega reverse merger opens at .08!!! or buyout...lol...have a good weekend dude and dudettes
whammo baby!!! gap up huge Monday...huge news...going to the moon..lock those shares up...multi bagger...1500%...don't sell ever...keep buying...buy all u can...it's going to the Nasdaq uplisting...merger-takeover...(sarcasm) Come on Jonny Reed, learn how to pump PR's..do it everyday....200% gains everyday....buy right into that spike....up forever!!!pump it baby!
RIOT still trading and so are others in the big boy exchanges...This is what will happen. Great swing/daily moves....scalp the shit out of them if want to. BUT I did that with beat up sub primes 10 years ago..didn't know who would survive. Traded one call NEWC (new century). Opened one day gap down 30% over night. Picked up at bell and filled half gap..I didn't sell and take profit. It goes down late afternoon and whammo. HALTED.
Goes to pink sheets NEWCQ...I lose about 6k on that one. Can see this happening with RIOT and many others.
Oh yeah, I thought washington mutual(WM) was deal of a lifetime at $2...whammo afterhours-DONZO to the pinks....
Bottom line, don't drink the kool-aid and trust no one...get in, get out and don't go for homerun and don't hold overnight
none right now harb...I'm only interested to get back in if it goes down to lower low's. In the last run last month, I got extremely lucky as knife caught at about 0.031(at gap fill)...Obviously went as low at .018 I believe. By miracle, it made that run(I think was short covering and being taken off Reg sho...I dumped almost break even but it did go as high as .055. It wasn't a good feeling being down almost $4k at .018 and just to get back to even made me happy...
So now what? I'll try again with this one if goes to a lower low...if not lay off. I feel the float got higher and now tighter ranges..BUT do feel there will be news pumps to come at lower prices to jonny reed and is boys can get in beofre they release some news. Higher low's to lower high's?
absolute BS IMHO bohd.
Brokers generally have many, many shares of companies or can locate them very quickly and will pay the price difference (if they are obligated to cough up the shares and don't have them).
Plus they can obv. create phantom shares and naked short..at least I think so
agree 100% Steve. 90% in OTC land are scams BUT plenty of these scam blockchain "exposure" stocks have still been making moves just like the MJ OTC's did in december-january.
I been in scam OTC stocks in past. One I held and really drank the company kool-aid. Even was averaging down hoping for a new leg up. Yeah nice fancy web site they had too with big promises.
I still got to look at that shite at 0.0001 in my trading account. Yep the reverse split rapeage too that most OTC stocks do sooner or later if hold too long...hook line and sinker for me. Yeah listening to all the pumpers on that message board paid off(sarcasm)..lol. I put my GTC way high too so shares couldn't be shorted...lol...I really love that one pumpers say.
Getting back to TFVR. I do believe there will be just one more double here. Remember there are bagholders trapped higher in last 2 runs holding who want out. It's a game of musical chairs. How come no mentioning .018 to .055-0.06 just last month at this time...that was nothing to sneeze at.
kuntry, usually you just have to knife catch and get lucky to time a news release in OTC land..yesterday was crazy to see an 11:30am news pump PR..it basically saved this ticker and gave it some life...it went from .0075 to 0.011 on that alone. I think it was possible to get in .008's even after released...and it did follow through the day even after news...and even still up today. I expected a sure 10-20% haircut but it's holding steady... I don't see the usual MM diluters on L2 so maybe thats keeping it up...but perhaps some late volume later in day to pop it to mid .01's.
I'm not a long term believer in this one though and never drink the kool-aid..just a bounce play..You may get lucky on whatever FDA approval that may or may not be coming...One week playing this was too much to stomach for me..pure luck catching the news yesterday to bail me out
yeah the key is to play with the house money and free shares..but gotta sell into the rips..I was down $2500 this morning. I think today can be milked into close ...maybe even see .01. Can't believe they put out a morning fluff PR at 11:30 and still going up.
time to take profits into the parabolic spike..why not?