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I want the stock to go up....case closed..lets get back to .01..then I would be thinking about where selling points are ? .02 3 5 7 ? 20 ??
It's not impossible to move well over 1...and old highs of 2....with the podcast info being proved true... seems impossible to most now....not to me...or I never would have held
been happening for weeks...good times and bad...on the run from .005 to .021 we got trades like that...I wouldn't read into it
This is what I wrote last night.....I have been obviously very wrong with this stock so far...but only because of this 750k dollar conversion that we got blasted with..... hopefully what I wrote below comes true...again, because of the conversion I went from being right about this stock to being VILIFIED by many.. hoping for a nice turnaround soon..or now
"Usually when the 8k comes out after massive selling for a long while it alleviates fears...the stock should catapult up soon... again, 140 million shares to convert...but that was 10 trading days ago...its highly likely the shares are converted by now. as nearly 200 million were traded over that time.. may be clear sailing now."
"Let me just say this....With the 8K out...explaining basically why we got crushed lately...its hard to believe we have not found bottom... with just a 1 million dollar market cap and this stuff behind the company now...the stock SHOULD respond in a positive way soon.
I may be envying those who got in or will get in at .003...because selling at .006 or .009 may not be hard to do within a day or a few days."
Wrap up Report. 17.5 mil traded + 43% FINALLY a trend breaking day ! finishing AT THE DAYS HIGH OF .0043 on 92 trades
BREAKING AN 8 DAY LOSING STREAK that brought us from .014 to .0027
only the 3rd winning % day of the last 15 trading sessions bringing us from that .021 level all the way down here....
those 140 million shares really stung.. for we were at .015 the day those shares started to bleed us out..
HOPEFULLY this confirms bottom for traders.
AS I SAID YESTERDAY, I would be shocked if we were not up today...the Fear of that 750k dollar conversion was killing this stock (along with the actual conversion) so we got a nice gain today, but still have a long way to go to get back to respectable again... THE 8K was a big factor...clearing up any questions
What we can use now is a nice press release, like back on April 28th,the day this all started.... 165% gain that day..a similar gain now would get US UP TO THE PENNY LEVEL.... THEN ALL THE MOMO IS BACK IN THE STOCK..
SO TODAY WAS A STEP IN THE RIGHT DIRECTION..ESPECIALLY FOR THE FOLKS WHO JUST ENTERED AROUND .003.. GOTTA GET FOLLOW UP...REALLY NEED A PRESS RELEASE TO BLOW THIS UP NOW..
penny is very correct. No doubt the selling of that 750k dollar amount is over....I too know what dilution looks like...unfortunately for me that 750k dollar settlement caught me off guard..as it did to all longs... stock moved from .014 ish to .0027....but now that we see its over we can hope we get some news as has been expected, and even without it, the selloff was severe..rebound looks imminent.
If I had any more money available today , I would be buying the heck out of this right here. My last buys were .004
she hit .0039 a few minutes ago...again, this could be a VERY nice buy point for those who waited it out..think about it......she only got crushed because of the selling of the $750,000 worth of stock that had to be drained....The way it seems to be trading it certainly looks like that is all washed out now.
So for the guys buying at .003 or .004....It may very likely see .006 to .008 very shortly. nice 100%-150% gainers could EASILY be had...
Personally I need about .009 - .01 to get back to even with my 10 million shares.
highly likely all shares sold...long slow grind back up...or does it go quicker ??
Let me just say this....With the 8K out...explaining basically why we got crushed lately...its hard to believe we have not found bottom... with just a 1 million dollar market cap and this stuff behind the company now...the stock SHOULD respond in a positive way soon.
I may be envying those who got in or will get in at .003...because selling at .006 or .009 may not be hard to do within a day or a few days.
yes, the fear should now be over.... .022 to .003 within a few weeks...with the stock likely all converted to cash now...well, we should start moving...
In reality it was WISE for the company to do this at this time... they just wiped a HUGE chunk of debt off the books.. it crushed the pps...but it should come back now..
when the press release comes out in regards to this etc..it should help GREATLY
Remember folks..this went quickly from .005 to .022... over 300% late April to early may.. could be very easy from 003 to 006...and then we move back over a penny..and see what happens....still waiting on news...
Usually when the 8k comes out after massive selling for a long while it alleviates fears...the stock should catapult up soon... again, 140 million shares to convert...but that was 10 trading days ago...its highly likely the shares are converted by now. as nearly 200 million were traded over that time.. may be clear sailing now.
Press Release may come as early as Tomorrow. In regards to corporate developments.
I am aware...
Abajian sold the clinic to east-gate....now he has been paid off by North-bridge. Bill knows the clinic is kicking it with business...so he sold the clinic..and owns shares in the company too..that he purchased....and he says he is not selling..
Bill Abajian Quote tonight- zero shares sold by me.
Bill Abajian- quote. I did not sell any shares. Zero This is my answer. Why would in the world sell at this price like I said I am in $ETBI for the long term.
282 mil outstanding..now likely 422 million....? if so thats a market cap of just 1.2 million dollars.. again, the clinic is doing millions in revenues...they are supposed to be getting 5 more, and they have the pill and other products..1 million dollars is chicken scratch in the business world..
STOCK IS A BUY HERE...SURELY NOW THAT THE 8K IS OUT...AND this thing is likely all converted now....
again, nearly 200 million shares has traded since the day of the settlement... and they needed to convert 140 million into cash..so if its not done, it SURELY is close.. either way...very little to nothing to fear now....
Wrap up Report 7.2 mil volume / just 86 trades.. stock down to .003... Good news after the bell though ! 8K out... 140 million new shares have been issued...but its just to pay off company debt...expected in ALL pink sheet stocks...clinic acquisition etc.
May 9th this went happened..since that time about 200 million shares have traded..
Its likely fully converted now ..notice they waited this long to put the 8k out...likely waited until it was all converted from shares to cash.. being that nearly 200 million traded and the pps plummeted, its likely they sold all of their shares.
DO THE MATH....140,000,000 SHARES X Lets say average just .007 per share....(many converted much higher)is 850k dollars.. they were owed 980k dollars...
BOTTOM MAY HAVE BEEN FOUND NOW ..BASED ON THE FEAR FACTOR NOW SHOULD BE GONE...COULD BE AN EASY 100 PERCENT GAIN FOR THE FOLKS BUYING NOW.. .003 TO .006 COULD BE EASY
On May 9, 2017, EastGate Biotech Corp. (the “Company”) entered into a Settlement Agreement with Northbridge Financial, Inc. (“Northbridge”), whereby Northbridge acquired liabilities of the Company in the amount of $724,108.50 (the “Debt”), which was owed by the Company to third parties related to debts related to the Company’s outstanding liabilities. The Company and Northbridge then entered into an Order Granting Approval of the Settlement Agreement, and Northbridge converted the Debt pursuant to a 3(a)(10) exemption into 140,000,000 shares of the Company’s common stock.
suspension talk is ridiculous. NOT even worth commenting on it.
Wrap up Report. 28.5 mil traded / 245 trades -2%.....BIG volume yet again....first sign of a possible reversal today...as we were down size-ably hit .003 and bounced from there....actually up to .0044 during the day...closing at .004 for a tiny loss....I will take it...right now , we just need to right the ship.
HORRENDOUS WEEK....STARTED AT about a penny and dipped 70% at the lows.... really hoping the new week brings a turn around for the stock.....
Again, if this was some mass diluter..why would he not go down and take out those BIG BIDS ? Your goal is to get out as fast as you can ..you dont want to hold any shares....sell sell sell...if thats the case he has sold sold sold already..bringing us DOWN here...so is he DONE DONE DONE ?
Its just very odd trading....I cant see any reasons why you would be dumping multi- millions non stop..but then there is like 8 million or so on the bid...and you leave it be....makes no sense...
Another 26 million traded by lunch on a Friday.. soooo is THIS the bottom ? did we bottom at .003 today ? its currently .004...about even from yesterdays close..even saw some green a few moments ago...
For those who asked. I hold all of my shares.....got up to 10 million now....got a lot the last few days as low as .004 ...and NO, YOU WONT SEE MY IN OTHER STOCKS....LOOK AT MY POSTING HISTORY HERE...I document every trade I ever make
Retail dumping. Here's why...3.3 million sit at the bid now around .0033ish.(couple large blocks)....If its dilution of all of these supposed new shares, then why dont they just go down and get them....IF someone or some entity was trying to sell off multi millions of shares, then why leave the biggest bids of the day alone ???
you have MILLIONS UPON MILLIONS of shares to dump, and you ALREADY dumped some LOWER then the current bid today..
So why wouldn't they IMMEDIATELY go down and take those out..
Yes, they may eventually be taken out...but if you are the market maker with TENS IF NOT HUNDREDS of millions of shares to dump ..why not take them out now ? why leave them sitting for others ?
again, someone sold off in 100k blocks.....but then the big blocks show up at .0033...and they dont sell off to get out ...strange
IF IT WAS THIS MAJOR DILUTION THAT 10K DOLLARS makes a difference to that MM..they would be taken out ASAP. Would never leave them there for a half an hour or more..like we are seeing here.
1 Million Market cap now... clinic alone is supposedly doing 2 million plus in revenues per year....just that one clinic. everything else not included...oversold ? maybe
https://ih.advfn.com/stock-market/USOTC/eastgate-biotech-corp-ETBI/historical/more-historical-data
Guys. Before you dump all the rest of your shares . I KNOW so many have sold or are selling...Just look at the way this thing can move...
She rose on day 1 to .0169.....huge volume..then a day later it dropped on big volume to .008... huge drop....
Then it climbed all the way back to .022....
Then days of moving around..before the big slide this week to .004....
Remember,this is a wild moving stock now....and RUMORS OF ITS DEATH AND DEMISE HAVE LIKELY BEEN GREATLY EXAGGERATED..
I know its hard to listen to anything I can say now and not completely ignore it....But if this is up hundreds of percent on good news soon..suddenly I go from total idiot to hero ...I was hero recently with this stock...to zero... THE PENDULUM SWINGS WILDLY...FYI
Wrap up Report. 46 mil traded / 381 trades....awful day with a loss of 38% Will not even attempt to sugar coat it...All I can say is I picked up many more shares over the past 2 days...and finally finished loading at .004 today.. and got my personal cost per share way under a penny now..
10 MILLION LONG NOW....
Remember,not long ago (few weeks)this shot from .005 to .02 + now made the round trip back to a bit less than that old low..
Waiting on news..and its always darkest before the dawn.... this is the area where people JUST getting in can make 100% over night.. potentially 200% in a day or two..
IS .004 THE BOTTOM ? I HOPE SO...BUT MAYBE IT CONTINUES TO GET POUNDED.....DUNNO....I COULD have waited for .003 .002 .001 or .0001...but I think its taken enough beating lately...
LOOKS LIKE IT BOTTOMED AT .004
Here is how I know this is scared retail selling..I know someone who bought shares...He had to sell out today. Has a purchase he needs to make...he had bought at .006....so he dumped 1 million shares at .0045 limit a few minutes ago...
He called me to help him because I have LEVEL 2...So I was able to tell him whats bids were there etc..
Soooo..He dumped 1 million at .0045 limit...I saw the fear...the stock was quiet for a while leading up to this...then all hell broke loose..... his shares sold mostly at .0045...but then an avalanche of fearful retail selling happened immediately thereafter..within seconds besides his million another 4 or 5 million sold off..over about 5 minutes...when it was quiet for almost an hour leading up to that time.
THIS IS PURE RETAIL FEAR....I JUST SAW IT.
I own 10 million shares now... Just finished my final loading at .004 ... Now I finally want it to START MOVING UP AGAIN !!! AVERAGE NOW AROUND .008
Bought initially around .015....then it dipped way low a few weeks ago...I kept buying.....then xferred more funds and finally finished today....I will never likely buy another share....unless it does in fact drop to trips...then i would get my average to .003..doubt that happens..
It was a LOT too much info...go look at my sticky . I am holding for real news.... I will be in this stock for at least well into June...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11933213
This is just one of the current filings for ETBI...again, the other stock was shut down for not filing these..
DBM^ has not filed anything in 2 years..... I just did the due diligence.....they were shut down for filing nothing but notices that they would file late..and then never filed anything....ETBI has been filing their reports and the two are nothing alike...
SEC will NOT shut this down. I have heard the SEC will shut down the last 100 Pink stocks I have been in....none of them got shut down.
WOW...9 MIL BLOCK AT .005
Picked up another 1 million this am...got 1 million to go to reach my goal of 10 million. DOWN , yes......but certainly not out....When she rises...she is going to rise just as fast as she fell from .02
1.8 mil market cap...The 1 clinic is doing 2 mil in revs per year and growing..and they are adding 5 more clinics to the mix to be announced soon. why do you think someone has bought now like 80 million plus shares recently in like 12 huge blocks ? likely taking over the company....probably abajian
Wrap Up Report. 17.5 mil traded / 138 trades... down 7% to .066....bottom in place ??? hopefully...
So yet ANOTHER BIG VOLUME DAY....and some big blocks...i believe the 5 and 3 million blocks were part of a 9 million total block that was purchased..
yes, its down again...but WHO is buying up all of these shares ???
Personally, I am adding for my final push on this....went from 7 million to 8 million held today..
If it stays down here I can finally get to 10 million tomorrow..where I will absolutely be done adding for life lol
likely get my cost average down to .009 or .01 If I can load up tomorrow at .005s or .006s..maybe even .007s..