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I'm not debating anything other than all this volume is not coming from
some mixed up news on ameritrade. Have no idea if the price is going up or down and never stated otherwise. I'm not here pumping this stock I'm just saying a million dollar in transactions for a penny stock is a lot. Plus if you watched level 2 Friday afternoon there was some impressive blocks going thru. Someone is throwing serious cash at this not some 500 dollar penny player. Do they know what they are doing? Heck I don't know but I hope so because I took a small stake in the teens. If your a stock holder why do you seem to get angry over the price increase. Sell and be happy.
This isn't a bunch of misinformed penny players buying here. A million dollars worth of volume today. There was serious buying the last few hours. Lots of 50k block going off and that aint cheap at a quarter. Friday is a normal dump day for runners. Someone has really high hopes here. I have nothing good or bad to say about the company. I'm just following the money.
The key to growing a business is funding and they are doing a terrible job with it. Dilution a few months ago that obviously gave them practically nothing and now selling his own shares to keep the lights on. Not a great strategy. If another source of funding dosent show up fast this will be back to sub penny.
I could sit here and argue with you all day about CEO's share counts. I have been trading stocks since before the internet. Im not going to tell you I'm some master trader but do have some experience. I have held a lot of stocks on that theory of the CEO having a large share count so the company will succeed. It dosent work that way. Im still pulling as hard as I can pull for this company but when you see VNDM with 5k on the ask and you pound him for 50k and stock dosent move you get the feeling shares are still coming from somewhere. I just want to know from where. Since a form 4 is post transaction no one here can say there isn't going to be another form 4 D right behind it. I hope not but can't agree everything were seeing is just regular retail. CEO stated the earlier toxic financing was a mistake but turning to selling your own shares a few months later to keep the lights on isn't encouraging to me. They diluted and still have huge money problems. So yea I'm having a few doubts. I could sell but still love the concept just not sure the finances are being handled well. I didn't get on here to fight I'm just frustrated.
I understand that just looks like someone still selling to me. A lot of blind ask numbers. 5k lots seems to take 50k or more to move. Just being a whinny b*tch but if another form 4 drops on us I'm probably gone.
I think it will be fine to or I would have dumped my shares but still think it a chump move. When the CEO of the company starts dumping on news he just aligned himself with every other pos penny CEO out there. Just shows there is no concern for share price at this time. He waits a month and we are probably back over .25. Im just Pissed. Thats all.
Im in this stock deep and never want to bash my on holdings but putting out great news to bring in new investors and then dumping on them is a total chump move by the CEO.
Back in November insiders were buying shares at 1.50. They obviously thought they could hang on and turn this around. Next thing you know everyone is writing articles HGGG would be the next big retail to go under and the price reflected it. Today we learn that they are not throwing in the towel but restructuring by scaling down the under performing stores. To me I think were set up for a short term bounce for sure. Not sure how far it can go but I think .50-1.00 could be pretty easily done.
Why would it return to the offer price when its was only a little over a million shares that were offered. We traded 14 million today. Im just looking for knowledge here. People thought it was worth three dollars in early trading but when they find out that the company gave away a million share they cut the value in half. How can one million shares effect value that much. I have been in many bios stocks that had huge offerings and destroyed the stock for a year or more but I can't figure out how one million shares would have a huge influence. Again trying to just figure it out. I didn't sell and maybe I'm an idiot.
SOUM NEWS only 5 million outstanding
I sure hope to hear something have had a chunk of this in my portfolio for awhile. With this SS things could get dicey fast.
A few churned in the 6-7 range then boom nothing left. I like I'm thin but this girl almost too thin.
Any buying and its gone.
Exactly has been hardly any selling. Look for a big bounce soon.
A few post back you said no dilution. Why you flip flopping. Did you sell?
Im not saying there won't be any profit taking but this stock is not a flipping stock. I tried to flip a few at .10 but pretty sure I can just kiss those shares good bye. Hey its penny land and we all know what can happen but as many have posted it has the ingredients of the perfect storm. Hot sector, low float and not many tickers to choose from. At the start of last year weed stocks went wild but now there is hundreds of tickers to choose from which dilutes the pool. This is a becoming a hot sector and RGMI is one of the first to bring it to penny land. People made some serious money in Jan and Feb last year trading pennies and there will be plenty of those people back looking for the next trend. I know a lot of investors that only trade pennies Jan-March. Still holding quite a few and hoping for the best. Good luck to all.
What sounds like a big dump. Read thru most of the post and sure dosent sound like people are willing to give them up cheap. MMs will be glad to run bid down and give you a nickel if people are dumb enough to dump but they are not going to sell to you below .08. They will just gap the spread and steal your money. Anyone waiting around to load up on a 50% drop will be very disappointed.
Some people amaze me. If your going to dump shares you do it on high volume days not Christmas Eve. Who ever is dumping cost themselves a lot of money with this brilliant strategy.
Trying to predict what price will do over the holidays is impossible but if this story had broke 2nd week in Jan it would of been .10 plus easy by now.. Im like a lot of people here have a chunk but want a bigger chunk just hard to make the decision where to add. When you bought your first blocks sub penny just a few days ago its hard to add above .04. Hoping to get one more good run down but seems like most sellers are gone.
bought a starter now waiting for a little shake . No sellers so far.
WILS reverse merger news low float
Hopefully the 400% increase Friday will bring some sellers today. If not might be hard to load many shares under .01.
Especially the ones now bashing it
Its obvious someone already dumped their shares.
One day this thing is going to run hard might be today might be 5 years from today but one day.
Been around pinks a long long long time. Is that supposed to be an excuse for the company contact being a clown. If you dont think there is anything wrong with a company rep sending out emails saying PR coming today and not delivering then I question why your here.
Hope they put out some kind of PR today. This promising and not delivering may not make a difference in the long run but will definitely start making people question their investment. Just not professional. They shouldnt of ever put a date on it if there was any chance that it wasnt going to happen.
Well thats impossible because there is no bid support and if I put it up on the ask it would just ruin my chances of anyone buying and most likely cause a bigger sell off but thanks for your awesome advice.
Not looking good no buyers at .007. Sure makes you wonder whats really going on behind the scenes.
The thing I like most is they havnt had any press releases trying to promote this deal. I love the fact that they alerted shareholders first and are getting things done behind the scene. Most of these scrub penny companies would of been pumping this deal from the start trying to drive the price up. They seem to know what they have and are not worrying about stock price right now.
a little volume coming in maybe update on Monday
Wish the ask sitters would just drop it on the bid and get out of the way.
Google Holiday Island Development in Arkansas and you will see what you have bought into. Wish I had a scanner to post it but not that technical. Im sure someone will post it soon. Love the fact that they sent a letter. Makes me think they are proud of what they have done.
Anyone else get a letter from VEDO on merger.
Im not saying its bad or good or if it will happen just saying that as soon as the filing came out who ever was pushing the stock up with big bids pulled back. Im still a shareholder and collected mine all under .012. I sure was loving the 03-04 range but should of seen it coming because most legitimate reverse mergers come with a R/S.
Was trading nice until the R/S mention. Who ever was pushing it up backed out after filing. Sad to see what looked like a blue sky breakout get beat back down.
Bidder didnt jump in until after 2pm yesterday. News came out premkt so it wasnt like it was a quick reaction to the news. He chased with a big block all the way up to .05 then pulled back. Would be nice to know why they wanted shares so bad.
I feel luck enough to have bought back earlier in the year and at least got my money back. I feel for those that bought at .05 and .06 but I guess it dosent matter if its going to a few dollars in the next couple of weeks LOL but on the serious side this could be sub penny real fast with no support.
For a stock that is about to blow up this is looking pretty sick. Im ridding free shares but still hurts to see it crumbling. Hope we hear something soon or the losses will pile up fast for us shareholders.
Anyone out there like me who has averaged down so much there starting to wonder if they own the company.