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OTC Updates show that the unrestricted shares went up 81 million on April 19th.
Very active yesterday but OTCN is missing in action this morning. A very good sign!
Toxic lenders have been dumping OTC shares for years and when they do they have no concern for share price but only to capture their profits. We do know that unrestricted shares became available on April 19th. 81 million shares!
OTCN primarily deals with the selling by order of large shareholders. Simple observation of continually lowering the ask to a position to sell. When a large bid is placed just below the ask it sells quickly and true indication of a broker trying to sell from an aggressive sell order. Experience of many, many years of watching MM's activities proves valuable. I don't need a technical program to tell me how to trade. Observation and DD is all I need!
35K is a nice round number! But so is 40K!
Since May 15th OTCN has been selling unrestricted shares. No matter how we look at it, he must be getting close to completing their order.
Even at 25-30 percent of shares sold it amounts to roughly 70 million shares. Savov had an estimated 71 million shares. Unless we have someone else selling with OTCN it is approaching the end. I actually thought he was done this past Tuesday but evidently not. I do think we are on the countdown now and when gone for an extended time the sideline investors who follow trading closely will jump in with some big dollars. If that happens at the same time as the expected news it could climb rapidly. I still wonder if Charles is holding off until the seller is done. Why would he want them to sell for much bigger prices?
Still working out the details! Just not that simple!
Interesting close! With a nice bid of over a million shares and OTCN on the ask it was a good indicator that the aggressive selling may be coming to an end. OTCN had multiple chances of selling shares to that large bid and chose not to. Tomorrow opening will be just as interesting as todays close.
Once again Timing you are the DD Wizard! Thanks for all you do.
The PPS tide has now changed!
Here we go! Looking good!
Looks like some cross sells and OTCN disappeared at the same time. Now about 10 minutes since OTCN left. If we go a few more minutes, we should see some nice retail buying.
Interesting to watch right now! Is OTCN balancing their sell order? Transaction may be the indicator!
OTCN is back and aggressively selling again. Must be getting close to filling their sell order. Watching closely now for a move up and or disappearance.
Looks like end of day settlement for MM's. Good sign for Monday.
OTCN is in and out now and not aggressive as he has been the last few days. Got to be getting close to being out of shares.
OTCN may have just filled their sell order. That last 110k that went through resulted in the disappearance of OTCN. GONE!
No indication of the settled amount and if it is Savov selling. If OTCN is selling the Savov shares the order should be about filled. These last four days produced a hyper active seller with OTCN and must be approaching the 71 million number that Savov may have got.
Thanks! Much better and a battery-operated heart is not all bad. No heartbeat panic with the ENZC price dropping. All good!
Calm and patient! Selling now leaves no guarantee that you can buy them back cheaper and a very big chance you want them back they will be considerably higher.
We will know when OTCN moves up or disappears. Hope we are getting close!
OTCN continues to drive the price! Now on the 4th day and about 130 million traded during that period of time. No way of knowing how many millions the OTCN sale order is for but it could certainly be getting close to the end. When that order is completed, we will see them move up considerably and or disappear.
I just received a call from a large trader that wanted me to keep them informed and when OTCN seems to be done he will double down on his investment in ENZC. I suspect many are on the sideline waiting to do the same. I consistently believe that we will see the rapid rise in PPS when things get settled with OTCN.
OTC Updates reported 81 million unrestricted between April 19 and April 27. My belief that is what OTCN is selling. Not sure whether it is Savov or not but he will hurt ENZC any way he can. The SAGA agreement is not finalized on price as the last PR stated and a reduced PPS may affect that final price. One thing for sure is that the seller has no regard for the SAGA deal nor the dividends. Disturbing!
I look at it as toxic loans or lawsuit being settled and good for the long term. Simple, get that crap out of here. Charles has been shoveling that toxic sh--it ever sense the merger.
No details! We should see that with the financial details coming up next week.
The OTCN sales order is aggressive. The seller wants their millions of shares sold and with not much regard of what they do to the price. The only thing to do is wait it out until the order has been completed. I suspect it is from the 81 million shares released in late April and were not restricted.
Better! Heart rate of 80 and best of all it is steady! Even with this price drop of ENZC! All good and waiting for the PPS rebound.
It is hard to counter OTCN and INTL with their very aggressive selling. They are fighting each other for the low ask. Just a matter of time until they fill their sell order.
I agree that we have naked shorting but the real problem these last couple of days is the unrestricted shares being sold by OTCN and INTL. The last week of April had an additional 81 million become unrestricted.
Yep! Just as expected! OTCN is becoming very aggressive in selling. If you want a decent amount to buy just place your bid a few ticks below OTCN and they will fill your order.
Don't be surprised to see OTCN dump shares to that nice bid at .08. They are getting impatient and dropping their ask.
Waiting for OTCN and INTL to quit selling! Plain and simple!
I agree that it will be Zoetis! It will be big!
INTL is also back and along with OTCN being helped by VIRT. This is the trifecta of selling machines. Ugly! Buying opportunities will come when they have completed their sale orders.
WAIT! OTCN is back! Not done yet. Had to get new order from seller to sell more.
Get your buy orders ready! I think this might be the turning point. Just my opinion only!
WATCH VERY CLOSELY NOW! OTCN AND INTL HAVE MOVED UP AND ARE NOT DROPPING THEIR PRICE WITH AGGRESSIVE SALE ORDERS. iF THIS CONTINUES FOR A FEW MINUTES RETAIL BUYING WILL KICK IN BIG TIME!
Savov had a deal with Harry but did not fulfill his duties and Alpine Brokers were directed to not release the shares (about 71 million if I recall). Charles has been battling the lawsuit ever since but looks to have been settled and signed on 5/17/23. Just not sure when shares became tradeable, but my guess was it was immediate.
They are being aggressive in their selling. As long as buyers continue to buy we will be ok and will work through their price drops. Just need more buying and less retail selling so that we can eat up those shares being sold by one or two sellers with OTCN and INTL.
When past debt is settled and unrestricted share dispute is resolved with Savov. We should know soon.