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.
.0016 is more realistic than .0009 but the problem is that everyone that was going to sell that low already has. I'll admit i'm sitting on some shares, but at that price I'd rather just let it ride and take a total loss than to give them away.
On thing is for sure. This stock hasn't acted like the other stocks that went grey at all! Straight down 90% no bounce at all. Every other grey stock closed down only 65% first day and then trended down to 80% but then bounced back to almost 50%. And some of those stocks had FBI raids and lawsuits galore. I just can't figure it out. 2 more went grey today and are acting like all the others did, but not this one.....Just our luck
I guess he was trying to make people think that he could sell of the company in pieces to equal closer to .12 total, which we all know is BS. It was just a last ditch effort to keep it from tanking which actually made it tank worse and not even bounce like the other grey stocks lol!
I would generally agree with that statement, but many other new grey stocks recently rebounded to about 40% of their presuspension PPS without any news at all. In fact one of them was raided by the FBI and their assets were frozen and they still spiked back at 50% in the second week of trading after suspension! Just my luck to get stuck in the ONE that doesn't bounce one bit lol!
How would you know unless you are the one bidding? Greys don't show a bid.
Of course! I bought some because every grey stock that I have ever seen always rebounds by the middle to end of 2nd week after suspension. In fact today would be the equivalent of the lowest day if you were to look at all of the charts. This will make it back to .005 at some point before trailing off for good.
Actually, I feel sorry for that person. This will be back up to .005 next week and they will be kicking themselves.
You are correct, ALL other suspended stocks have bounced back to about 45% of their pre suspension price in the second week or so. Then they trail off for good. If it doesn't happen here it would be the first time, I've ever seen it. I have a buy order in for a few shares at .002 as a lottery ticket.
there was 0 volume yesterday until after 10am. It's just that no one wants to sell at this price and no one wants to buy it higher than that. Another fluff PR will have to come out to get things moving again.
Yes they are. I sold mine electronically the first day.
What that means is that no one else is willing to sell this low. So you will see the price sit where it is and then even trend up if something else is announced about the deal. It happens with all greys no matter how bad they are. Look at F$PM back up to almost 50% of it's presuspension value a week and a half later. It was down where FRTD is now during it's first week off suspension. No grey stock has ever gone directly to trips in the first 2 weeks. There is always a bounce and then it trails off over a long period of time. Sometime next week this will touch .005 again before it trails off for good.
Even if some of these MMJ plays were actually legit, the big tobacco companies would sabotage them because they ARE NOT going to be left out if MJ is ever legalized on a national level. They will lie cheat and steal to get the market share since they have been on a sinking ship for years.
That was a pretty bold move to PR that. It seems like the SEC would have suspended it again for that alone. Of course they like to do suspensions before the opening bell so it might not even open tomorrow.
Yes, I would say it's either Tom selling tons or his PR that killed any potential bounce today. I haven't ever seen a stock open on the greys that didn't bounce at least a little from the day low. That PR did the reverse of what he wanted. If he had just let it ride, I think it would have bounced back to .005 at least. Way to go Tom, if you're gonna screw people make sure you do a proper job of it!
Hell, even FSPM bounced to be only down %60 on the first day and they have FBI raids and all kinds of scandals going on. While we know that FRTD is a scam, it's not got as much negative press as FSPM yet it has been beaten up way worse....
Yes, if there isn't some concrete evidence by Monday at opening bell everyone will sell even if they believe the deal is still on because they will want to buy back in lower. Not me though. I'm out for good regardless.
Hahahahaha.....no surprise there! I gotta hand it to him on trying to keep this turd floating.....
Nah, they are working behind the scenes right now. They are afraid to PR anything that's not 100% concrete because of the SEC being on a suspension rampage. I don't blame them either. They will announce when Suzie Q's is complete and also when they get the Washington license. Then it will make a small run. Until then it is likely to just bump along and may even fill the gap at .0007 in the meantime. I'm watching it closely and will jump in when things heat up.
I hope he pumps the hell out of it. I know it will be BS but whatever helps me recoup more $$, I don't care if it's illegal as hell. Go for it! lol
I agree too. I think he is just shooting for getting an 8k filed or something signed so the PPS won't tank and might even spike on Monday so he can dump shares. I'll admit I got caught on a flip here so I have an interest and if he want's to give me an easy out, then i'll certainly take it! I'm not banking on this long term no matter what he says.
Yeah there is no way I would sit out over the weekend on this one. That was a good decision on their part even if they only make a few ticks on it that's a good chunk of change.
Well said! I couldn't agree more. In fact, I almost played their game with them and sold on the spike earlier so I could reposition lower, but I didn't know how far it would go back down for me to cover with this news. Wish I had done it now. I def won't do it tomorrow though. The shorts will get scared of it over a long weekend.
I feel sorry for the weak ones who SOLD at 15ss haha.
If history repeats itself you are exactly right. That's what I'm banking on.
Because if they dump a bunch of shares to drive the price down they are hoping it will trigger a bunch of stop losses so they can buy more shares lower. There is no such thing as anything dealing with money that is not manipulated.
If you look at the history of this stock it always pulls back by about 20% on the next day after big news, but the 3rd day it doubles again. Tomorrow should see some huge gains as long as there is no change in this proposed offer. But it will close in low to mid 2s today.
Thanks! But the price went back up for a bit and now that it's back down they won't finish filling my order :( My order was in there first and everyone else is getting filled. How they hell do they decide who gets filled when? Is it a lottery? You'd think they would have finished off my partial order before filling all these new ones.
Yeah I saw that happen earlier at 26 too. I was the 4mil by the way. 3/4 of it has been filled. waiting on the rest :)
I like that they are cleaning up the debt, but lets not forget that they said part of the deal was to issue a one time number of shares. The number of shares was left out. Those will probably be dumped on the open market soon if not today. Remember when they paid Asher off, it went up about 4 points and then tanked. I like the long term direction, but I think it will be a roller coaster first.
Yeah he sold short until it hit .002 and put that block of 41 there to hold it down for him to cover. Now it looks like 3 other MM's are trying to do it too. Hopefully, that means they are expecting news on Monday and did this to pick up shares. I added more.
CSTI has been selling short and put the block there to keep it from running back up on him before he can cover. I added more shares at 21. I think it will come back up on Monday.
I see that little run scared the short sellers lol. If there isn't any news on Monday though they'll be back.
I don't see where it says "approved". I see "pending" on all.
They DID apply for one. They applied under Puget Power Co. it's on the list.
It IS being shorted. NITE is doing it today. He's taking a break right now to let the bids build back up but eventually he will start whacking those 27's and 26's. I'm waiting to buy back when he drives it down. Whenever you see a 10k place holder like that, they are shorting.
It's not dilution this time. NITE is selling short just like BMAK did the other day.
CSTI was selling short as hard as he could for the last 5 minutes of trading. If there is no news tomorrow they will continue selling short till it hits mid 20's IMO
I'm doing the same thing. Buying the dips and selling the peaks. I'm half in and half out right now because they didn't completely sell me out at 36 this morning.
I agree, i'd love to get in lower if I can. I don't think it will go below mid 20's though if they do drive it down. It was definitely ballsy of them to short it in the mid to low 30's though. I wouldn't short unless it was in the high 40's with no news.
Let's also keep in mind that 45mil shares were shorted yesterday by BMAK so they have to cover at some point. I just wish I knew when their deadline was. If a PR on financing comes out they will be forced to cover. but if no news comes out they will put up fake walls and all other kinds of manipulation to drive it down so they can cover. It's anyone's guess as to which will happen first.
Ok i'm pretty sure BMAK is manipulating the hell out of this one. If he's short, I hope news comes out tomorrow to kill him.