Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Bids creeping up... No sellers.
Price up over 100% and holding. And still no sellers.
Looks good for a push over .01.
A lot of emotion in the channel right now. This is how I see things:
First: There is no dilution. The only dilution that has occurred in the past three months was one single event. Two minutes before close on Jan 7, seven million shares were dumped that did not hit the tape until an after hours t-trade. Around the same time, OTC Markets showed an update of the share structure where 7 million shares moved from restricted to unrestricted. That is insider selling, and clear dilution.
After that, market maker STXG continued to sell down the bid and absorb on the ask. However, there were no further t-trades or any other signs of dilution. The OS has not been changing. I believe what STXG is doing is moving common shares.
Where did STXG get the common shares? About a year ago, the OS increase 155M shares (see Section 3A of latest financial report). Any outstanding debts on the shell were covered with issued common shares. My theory is that some of these shareholders are selling through STXG.
Someone who reached out to Daniel Sobolewski asked him about the status on the shell. He said there was a previous debtor who has been now paid in full. Sobolewski and Currier cleaned out the rest of the skeletons.
My guess would be that STXG doesn't have much longer to go. Anyone who wanted to immediately ditch their shares would have already done so. Just because someone is holding unrestricted shares does not mean they are ready to sell. At some point there will be a new story on this shell. And when that happens, many of those shareholders may want to sell much much higher. If this is the plan, then they will pump and promote the shell to get the price up. And everyone here will benefit.
But if you look at L2 and the tape, STXG is barely even top ask. Retail OTC traders are literally leaping in front of one another to undercut STXG. This is causing a small, low-volume panic as buyers wait for the selling to subside. Check L2 throughout the day. STXG barely getting sells in now. Majority of it is retail OTC traders. STXG gets pushed back easily on just a couple ask hits.
At some point there will be updates, price will pop, and everyone will wonder why they did not take advantage of these cheaps..... Nothing to fear but fear itself.
Strong Vol, Close +62%, still almost no sellers. It's going higher.
.0079, +62% !!!
.007, +43% ... heaviest volume in a month. Big move coming.
The two recent PRs are both aligned on a common goal (Calypso Extracts) and prove legitimate business operations.
.0061, +25% ... 200% move coming. No conversions or dilution, 209M float.
Overhyped? Chart is at bottom.
Not to mention a market cap near $1M and 209M float. Nothing converting. No notes. The directors here decided it makes sense to keep this Pink Current. So they must have something good planned. Won’t take much to send it multi-penny. And that’s likely why no one, not even insiders, are selling down here.
100% to 200% move coming...
So to sum up: nobody selling down here because they can all sell higher. Got it thx. Great setup here.
No selling under .005. Any buy pressure sends it.
Anybody selling under .01 gonna be cryin. STXG holding the line at a penny. Once he's dry, this rebounds hard.
Not kidding at all. I buy stocks when no one wants them. This is a perfect candidate bottom chart:
- $1M market cap
- Active company (they put out a PR a couple weeks ago)
- Great share structure with no dilution
- No selling under .005.
- Recent chart has history of large price range
- Sympathetic stocks (WDRP) doing well
That's everything I look for. Just a matter of time here.
Good point. That means people buying NOW will be up 200% before the stock even hits .01.
Very little risk on the trade here with .005 and under completely dry of all selling.
209M float with no dilution. A market cap near $1M. Almost no risk at these levels IMO!
GL2U!
We will see a nice bounce here like we saw with WDRP.
Good point - still no sellers - completely dry under .005. Only place to go now is up.
Solid PR recapping the recent progress with OTC Markets. In his first PR, Dixon said Pink Current would be a couple quarters away. Now we are there. He is working with capable accountants to tier up to OTCQB. A solid no-fluff PR.
I expect news about financing next. Dixon has vowed non-dilutive, non-toxic financing from accredited investors. Which of course means no dilution and restricted shares locked for a minimum of one year.
114M clean float.
They fought to keep the shell.
They created a new, impressive website.
They fixed all paperwork with OTC Markets.
They kept the float clean and the OS stable.
All those actions indicate more to come. Let’s see what the company has to say.
He’s right. No sellers left under .005. First selling stabilizes then buyers step in.
Look at WDRP ... we're next. Better share structure, no dilution. Same PR writers ... :D
Nice +25% close. Held gains well.
I doubt it. I think the insiders would like to sell higher. JMO.
That is not true. 90% of traders lose money. It is hard to make money on the stock market, especially the OTC.
A beautiful setup like BORK is not that common. I am excited to have found it when I did.
IMO, this is a great OTC setup:
- reviving company with IP, patents
- Pink Current, up-to-date
- Great share structure, TA-verified confirmed 235M float
- Stable OS: no convertible or toxic debt, recent OTC disclosure shows zero convertible debt
- extremely strong website with a diverse array of products
- poised for contracts with police, military, gov't
You are welcome to your criticisms. I like what I am invested in.
So we agree... if the shareholders make money, it's a win. By that standard, this is already a winning trade, soon to be a life changer. Dime coming. GL to us.
Nobody dumping into today's pop. This is way oversold.
This is a Pink Current with barely a $1M market cap and great share structure. Should continue to rise from here.
The question is: can the shareholders here make money. And the answer is a strong yes IMO. Enjoy your spectating, hating, and FOMO....
Company looks like they’re making a legitimate go at things here. Say what you will about a couple typos, but that is the finest by far website I’ve ever seen from an OTC company. They also maintained a clean 235M float. When they announce their first police or military contract and this flies over a dime, I will cite your post.
This has a $1M market cap and company reported $2M in assets and $1M in NET PROFIT in the last Quarter. Yeah I think it’s going higher. Wait until the company starts a PR cycle.
What note holders? There’s no notes.
Makes sense. So I guess the pump is starting in January. :D
One year.
Share structure has not changed in 13 years.
You said no platinum in WY.
Company just found a platinum mine in WY with an exposed and mineable vein, with photos.
Didn't realize you were so young, congrats on the birthday.
This is gonna push back over .02 soon and should see .05 to .10 range. This raise was shareholder friendly, provides working capital to the company, and adds no near-term dilution. All restricted shares newly added are automatically locked for one year. 110M float here and legit (albeit small time for the moment) EV-based operations. Just a matter of time here.
I grabbed more .003s. This range will look cheap soon.
There’s bag holders in every stock. This is trading pretty light so far.
Nice close!
I did my homework and bought 2M shares as a result.