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I think many are waiting like me, to see if there is downward pressure as the morning goes on or if the bid starts to climb and ask starts to get hit. News is good, would prefer more information on it but the big issue is the last two weeks of downward pressure and the idea it will continue. See what the day brings I’m waiting for a bit to buy into this but a 1:1 share dividend doesn’t sound too shabby for the spinoff
Yeah actually is very interesting news
— Golden Triangle Ventures, Inc. (@GTV_Inc) November 23, 2020
Pretty sure this guys got it pretty close to correct as the company doesn’t seem to care for any true explanation as to what they offer to shareholders as far as positive value only what they offer as far as diluting the value of each share. https://twitter.com/tddor/status/1330361010880974849?s=21
Interesting, if this is even 20% accurate it would mean a $1000 buy in here would be worth $30k - suppose with this thought $1000 lotto ticket could be worth the chance
Truth to that last part, and quite honestly THAT is all that ever seems to matter on these lottos - does the CEO have the knowledge of how to move it? And willingness to do so?
This CEO definitely has both.
Your belief is that these shares are “naked shorts”? I mean okay. If this is the case then in the end this would fly north of here IF there is serious buying pressure on serious news but it’s dependent on management and face it next week is a holiday week and not much normally happens during Thanksgiving week on the OTC
It’s amazing to really think what these companies do to allow their note holders to convert vs add true non dilutive value to their shareholders
And backwashed when sellers realized there were a ton to be sold there at 4 so now many of them will place them at 3’s so here’s the reality - they get bought then 4’s come back with less for sale and they get smoked or they stack and 2’s start becoming available
4’s look fairly stacked and E*TRADE (ETRF) MM isn’t even showing their hand on 4’s yet. Could be a massive wall to break through as they always are when 4’s hit from 1’s but then it’s normally clear to 9
This is dilution. Plain and simple, dilution. They put the effort into becoming current so their note holder could convert and sell shares and then the company could get further lending from them. No other logical explanation to the daily percentage losses here.
It is looking pretty solid though as a major run potential, still OTC and still a lotto
If it breaks 3’s and 4’s get hit hard we can talk about it just starting but I don’t think I’ve seen 4’s get hit here at $SUTI for quite some time now.
Are 3’s really getting smoked here?!?!
Well no massive sell-off before close so see what tomorrow brings, a one day move or a multiple day going into the weekend???
Hopefully your correct here in some regard because everyday this week it’s been 10% down so not going to be enticing many people to buy if bidding low will fill their pockets with kore shares for less dollars. Have a great evening.
Still don’t see the dilution? This is actually pretty sad that they went thru all that to simply allow a $64,000 value note covert for insane amounts of shares instead of simply buying it back at face plus interest and announcing that this note was gone.
No way that caused this. 200 million volume just instantly poured in JUST now clearing the 2’s - SOMETHING is up here
Ok is $SUTI actually going current? Out of nowhere a massive bid is forming and volume coming in at the ask on second half of the week?!?! Who’s got the info
Just popped in to see how bad $SUTI is doing and see a damn bid again that nearly overshadows the ask......another pump occurring here? Haven seen one that worked much past 2’s yet so I’d bet it’s a recycling of the same shares into different hand 1-2 with a few 3’s to make it look like a “shiny” play lol
Even though I’d love to reload in the 2’s I really wasn’t thinking I’d get the shot to do so, but the way it looks this week so far it may very well come to that. The company’s IR and marketing team should try to get in front of this before it flushes out more longer term holders here because fear does no one any good.
Appreciate the link to that, I think it’s great that management responds to people on there my issue is that for many it’s only something those that are actively watching this company will ever see. Hard enough to get a companies formally announced news releases to reach the masses but impossible to get company social media posts to reach anyone beside those already involved. I may not hold any right now but I’ve been actively watching to see what happens but all I see is the bid getting filled lower each day.
What’s the good word here, hope this finds ya well as you seemed to always remain upbeat on $GTVH prior to name and symbol change but not hearing much lately from ya on the company. Anything you know?
I would’ve thought they would’ve already announced the buying back of that $64k note to eliminate it from shareholder dilution but I’d also have thought this would be moving up on all they’ve done not back to starting position. Seems rather stuck on “down” to me with daily decline, maybe today will change that.
No doubt. I realize the .022 was barely any shares but it was also orchestrated. There were over 200k at about .036 and several other bids in place, all vanished and a .022 bid filled. JUST enough to trigger a rule on most notes, “X % of lowest trading price in preceding X days....” NOW that is .022 so if the term is 50% of lowest that means a conversion will occur at .011 possibly.
I don’t know. I have no idea if there are any outstanding notes even or what their value or wording is. All I’m saying is all of a sudden 500k or so on the bid between .04 and .022 vanished and 2200 shares got off at .022 and that seems convenient to me.
Also side note, I did try to bid when I saw it drop and E*TRADE continued to reject my trades 3-4 times before allowing them to be live. Another curious thing to me as well. Anyway I agree that 22 isn’t a big issue unless it was to set a conversion price.
I was in it a year ago and sat stagnant until a few months back when it moved up and I was finally able to “escape” with just a little green. Then I started getting sucked back into it on the hype of what was occurring, so I rebought. A few days back I finally got back out when I realized that no matter what the company has done good or is doing good that without it being promoted or pushed in some way it won’t go anywhere at all. Good or bad means nothing on the OTC and i didn’t want my cash to sit still for another year while I waited out another pump up. Sucks because I really can’t see a negative here beyond that since anything that can double up growth in a food source like the product they have and are now commercializing should have easily increased the company who owns it stock price/value 10x over - no one will ever stop eating.
This is right back to where it was a few months ago, and where it sat for about a year. Then it was waiting on name/symbol change and wasn’t current at all. In-fact it had dropped to this level after filings became late and they went dark. It then got hyped up to around the .10 range on filings coming out and then as more filings came it dropped backwards. Then they became current Pink and further back to the starting point, now they are current Pink and their name and symbol has been officially changed and guess what?
BACK TO THE SAME PRICE IT SAT AT FOR A YEAR before ALL THE GOOD NEWS. Welcome to the OTC, where the only thing that matters is NOT what the company does but rather who the company hires for their IR and who their IR hires to promote the play.
So much for that theory, Depth on L2 is down into 3’s today.
Obviously still some fight between those wanting shares and those who have them, but for another day it’s seen no real decision on direction up or down. Will tomorrow change that? Eventually the stalemate will be broken and it will choose a direction and it will be interesting to see which way that is.
I’m not sure if bottom is in or not here, why I’m sitting here watching it daily. I see very small amounts being sold between 4-5 and I believe or want to believe that if volume comes in that this one could see a major move upward as there seems to be a lot of people holding for news of some significance. Then again are people just in higher and waiting to break even, I was there at one point myself so that could be too.
I’ve been shocked before on these lotto plays, it’s always nil until it’s all of a sudden not I suppose.
I’ll bite, how was it a potentially interesting day? All I ever see here is 1’s for sale.
Damn stalemate here as no one buys yet no one really sells either, horrible to watch like watching an entire bucket of paint drying
Think I’ve accepted that no matter what happens it doesn’t matter since all that matter is what could happen, once it actually happens or does not happen the move up and back down is already over. The interest is gone. Be out before the company has the opportunity to prove pumpers right OR wrong because it seems the outcome will be the same on otc plays - back to start with near zero interest, I just to see this pop back into interest and may even jump in if it does
I’m sitting here doing some morning scans and reading, just couldn’t help notice how this one has done quite a bit to become current and has filed their quarterly on time and even a few days early yet nothing seems to trigger all the vocals that were screaming here a couple months ago about how so much good was coming here - seems to be here, where are the vocals? I really will never understand these otc plays, junk runs and potentially solid ones run before they prove anything then drop then fail to resume a run after they prove their intents were legitimate.
Here you are - congratulations on the basis it’s on time!!!!
https://backend.otcmarkets.com/otcapi/company/financial-report/263174/content
Thanks, you as well and might be back here never know these days
I’m a little green on my exit, and can’t say I’m not glad to see it didn’t take off right after I got unloaded all the way but this one can go either direction pretty quick on those quarterly numbers not to mention just on whether it’s on time or an extension is filed so a bit too nerve wrecking for me was all
Then again I’m out so betting they will file on time and that this will run, won’t shock me as it always happens when I sell as I seem to always do it just a little too soon.
Key words, unless they file extension.
$GTVH just continues to weaken as the days creep up to the quarterly financial due date, there are just no signs of interest and in fact, as I am typing this the offering just dropped from .05 to .049 as it is done all week long. Also, I was busy driving but thinking I saw a few hundred thousand on the offer in the higher .06 range earlier so people are wanting to get out at their even points here for now but for that piece, id say if this moves that seller will pull their offer off quickly. One thing this has is that if and when it gets interested it could cruise up as for now, the company is showing transparency and follow thru. I am almost out here but I do hope I am wrong and this moves hard.