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Big dump coming
Textbook dilution - seen it a million times. any strength and the selling commences. and the ask lowers. SOP
I had such high hopes for this. Now, not so much. Took a big hit on this too.
somebodys dumping - so, that definitely closed the gap
.0108 looks to be yesterdays high to close the gap.
I don't know who is selling all the shares. What I want to know is who is BUYING this trash. Crazy man, just crazy.
Found a lawsuit against Arrayit and the judgment was a DEFAULT judgment against Arrayit for 72k which tells me that Arrayit didn't even address the summons. Nobody's home?
https://www.pacermonitor.com/public/case/9652984/The_Nemours_Foundation_v_Arrayit_Corporation
All I can say is if this was such a good company, it wouldn't be trading like this. Maybe they needed money and issued shares and the person is just selling to get their money back, but they just sold below the bid which leads me to believe I am right. They just want their investment back and don't care about the price. imo
Today is the day we get rewarded
Who knows whats true anymore. I just posted what someone one twitter said. Could be bogus. Again, who knows. I guess we will find out next week.
They need a CLEAN shell which apparently SANP is not since the former CEO signed shares to JMJFinancial
Good question. Is any company in the pinksheets on the up and up? Doubt it
Answer to who is dumping was given by @santo_io on twitter saying that the former ceo of SANP signed deal with @jmjfinancial a couple of years ago and now they are dumping the shares. Who knows how many more are going to be dumped Monday, Tues, etc. - SANP new ceo should have known about this and taken care of before making further deals.
hahahahahahahaha - good one
What idiot is buying
The closest I have seen the bid/ask spread in a long time. Hopefully that is positive.
No short interest in this stock. 41,300 - So when selling into any strength and the ask is lowered you have to ask yourself why. Either someone has a lot of shares to unload or they are diluting the stock. Why would they want out if this stock is making money? Just thinking out loud here.
Bid price moved up a click. When it gets closer to the ask it may take off.
Somebody just got some @ .0051 and it jumps back up to .007 - Maybe someone is just flipping who knows.
The way this trades looks like dilution, but I still think this will pop eventually as the accum/dist line is positive. I guess they have to raise money some way and the only way they can get it is to sell shares. IMHO
One day this is the greatest stock in the world and the next it is a POS.
Crazy man, crazy.
This thing is stuck. Somebody give it a shake please.
Gap closed, lets move up now
Well, you had two chances. It dropped down to .003 and then bounced up to .0038 and then down to .0035 before moving back to where it is. The idea is to buy half on the dip and if it goes lower after the bounce, buy the other half. It's a safer way to accumulate a position. Only on good stocks though
Falling wedge pattern. This was a great opportunity to get cheap shares. Thankyou all those who sold.
After that big drop I had to get back in. Definite bounce coming as it is oversold.
It's somewhat oversold. I don't know where all the shares are coming from that are being sold.
Usually when selling occurs on a good news release, it's dilution. Not saying it is, but I have seen it many times before.
MM's not done getting shares
One thing good I can say about all this is that the accum/dist line on the chart is positive.
Yup, The chart just showed it. .005 - what a dog of a stock
I think I saw a .0051 go thru. The bid wasn't even that low at the time.
Either someone wants out bad or there is dilution from the company. I asked them on twitter who was selling. No answer yet
Fading into oblivion. Low volume until news and then it could go either way. The thrill has worn off.
My opinion: this is done for awhile until the next news release. Sell and move on to something else and make some money elsewhere.
I'm out - where are they going to get the $5M
Well, that is why then, but there are others talking about "the news" today so what's up with that?
Didn't see the news today, but the market is taking a long time to digest and seems to not be all that thrilled.
200 volume? what's up with that?
3 down days. I don't have a decent chart to look at but hope it is way oversold and due for a bounce.