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.
Somebody stirring the pot.
I thought a wash trade was buying thru one broker and selling thru another at same time as a means of creating false volume. Far as I know you can buy and sell a stock all you want so long as it's done through a single broker. In any case that doesn't appear to going on here.
Bid and Ask are nice and tight and that's all right.
What a ride!!
Just some f'tard unloading a position too quickly.
At $500 million 50 cents per share happens.
Up, Up and Away!
If by "paid announcements" you mean 8-K filings with SEC, then let's read closely and see what was actually said:
23-Sep-2015
"Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Agreement
Securities Purchase Agreement.
On September 15, 2015, Q Lotus Holdings Inc. (the "Company") entered into a Securities Purchase Agreement (the "Agreement") with Harvesttime Worldwide Oil Trust London, LLC ("Harvesttime"). The Agreement provides for the purchase of 150,000,000 shares of the Company's Common Stock, par value, $0.0001 per share.
Development Agreement.
The Company has been asked to be the developer of the Port of Fort Pierce in Florida. The Company and Harvesttime will share profits at 50% each. Harvesttime is purchasing 150,000,000 shares of common stock of the Company for the total amount of $22,500,000 ($0.15 per share) of which $150,000 will be paid in cash upon which the shares will be all issued, and the remaining value will be ascribed to the development rights described above."
Nowhere does it say the Development Council of Port Pierce "chose" Q Lotus to be the developer. All it says is Q Lotus was "asked" to be the developer... but by whom? Likely not by the Council directly. I feel confident Gary could offer some clarity if you take the time to contact him. As a former SEC attorney I'm sure he's accustomed to answering questions. I'm equally sure he knows the consequences of submitting false information concerning a material agreement discussed in an official 8-K. I'm confident he is doing things in a proper legal manner, as evidenced by a relentless rise in the share price without any flagrant pumping.
He needs to pay Ihub then. This is where 90% of the volume comes from.
Ask him why Ihub didn't pick up on the news and post it as a news alert. No alert on Ihub for news = no real movement in price.
This puts QLTS market cap close to 8 cents, based on the $75 million. The full $500 million makes it 50 cents. It will take some time for the average trader to realize what this all means.
Got a bid in below the current but Etrade not showing it. Guess they're routing thru CDEL today.
Time to put in a couple of bids. Like candy from a baby.
And when this runs for real, it will feel something like this:
The main move has not yet occurred.
Astonishing really. So tightly held that the past few days of rise have hardly registered on the volume side. Now if we have a couple weeks of high volume like what happened this past January...
Well that ain't right... that ain't right at all :<P
Beautiful chart!
I see rich people.
In the calm here, before the storm, I can't help but recall magnificent runners of the Glory Days, none of which had as much potential as QLTS. Remember the SRSR run? From .0004 to over 12 cents. QBID was a life-changer going from .0001 to almost 3 cents. (My $200 investment went to $56,000!). Then there was SPEA... from a couple of pennies to over $40.00 and it went to NASD eventually before being taken private. That was the pinky bought by Priscilla Presley as a public vehicle for the state of Elvis. I sometimes felt that the spirit of The King was blessing us that day. Almost a spiritual experience watching so many fortunes being made.
Perhaps, in the spirit of Pascal's Wager, we might consult the Siddur for an appropriate prayer?
That should do it. Yep. Some expensive ***** but worth it!
Feels like we could bust a penny tomorrow. Blue skies above.
I'm guessing restricted stock was issued in exchange for funding. No float increase.
Well. Now I have to buy more. Dang.
I bet he regrets that now. LOL
Feels like a storm is coming.
Recent QLTS press releases might very well be disregarded, by some traders, if it were not for the fact that all the principals and partners mentioned, check out. These are real people doing real business and other posters have verified this. Couple this with the CEO's verifiable history of successful commercial real estate development AND the fact he was at one time an ATTORNEY with a quaint little organization called the SEC, and you have, in my estimation, something quite different than a typical pink sheet stock. You might also factor in the very large percentage of stock held restricted by insiders, resulting a low and tightly held float, coupled with no dilution for many months.
All these factors, along with a robust chart and technicals, indicate a high probability of ten cents or higher in the next few months.
This fortunate situation has allowed me to buy many shares at a discount. Thank you.
I doubt more than 10% of Ihub traders ever bother with due diligence. Less than 1% ever CALL the company to talk with a live human being. They'll social media a stock to death and eagerly follow the herd but to do any real research.... nah. Too lazy or too shy don't know which.
And that, mi vatos, is why all their profits are belong to us.
Who is the bone head trying to get out at .0067 when they could sell more easily at .0080?
With that sort of market cap the PPS should be around 50 cents. I'll take it!
I'm bidding at .006 if anyone wants out.
It appears Gary may just pull this off! Taking a subpenny pinky and nothing but a vision and creating a conglomerate with a half billion dollar line of credit.
These
things
happen.
Rarely.
But they DO happen. 15 cents could be just the beginning.
For the love of Pete could someone tap that Ask?
My goose has bumps.
Today I buy at Ask.
I love it when a plan comes together!
Fascinating... Martin Armstrong and others have long observed, commented on, and traded upon these long cycle markets trends that appear to follow mathematical patterns which appear to be embedded in the very fabric of the space in which we exist. Why or how these repeating patterns exist is something for philosophers and cosmologists to ponder. Our task as traders is to heed the admonition of Sun Tzu, when he wrote: " He who knows when he can fight (or trade) and when he cannot, will be victorious".
Well those 6's I picked up couple days ago look healthy right now!