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Agreed! And, in early 2018, Frankie did a whole lot of that. He's not the only one, either.. find any penny stock board here, scroll down the messages, and soon enough you'll find folks complaining about "dilution", where the company execs try to raise cash by issuing more shares. It's pretty much the standard for OTC penny stocks.. its how a $0.26/share stock becomes an $0.0004 stock...
The only good thing about dilution in these triple-0 tickers, is that an exec planning some dilution, will pump the stock with some wet dream news release "..announces a deal to purchase 1000 Antminer S9 bitcoin mining systems.." in order to bump up the price so he can get more cash selling the newly printed shares.. that bump can be an opportunity to make a quick buck or two. The trick is, the exec has to buy (or.. his wife.. his brother.. his dog.. buys....) half as many shares as he plans to issue, in order to maintain control of 50% of the company shares so he can vote to authorize MORE shares. Here, Frankie currently has about 800 million he could issue, so he'd have to buy about 400 million of the 0001s before a dilution, to preserve his majority vote. And, that's one reason why big buys with no explanation and no current company news (like we have here..) can be a sign of an upcoming price move.
But yeah.. Frankie can "print" shares.. but he has to do or "say" something to put some value behind those shares, to make them worth printing...
Frankie is the only whale who doesn't "have to" accumulate shares - he can still issue almost a billion new shares. I THINK the AS (authorized shares) is 9.4 billion and the OS (outstanding shares) is about 8.6 billion. But, yeah, it doesn't do him much good to issue shares when we're in "no bid" territory, so some accumulation to pump the price makes a new issue much more profitable...
I think the whale will sell 40 million at 0025 to get his money back, with 960 million free shares to sell off gradually on the backslope.
I know, 0025 seems impossible.. but it seemed impossible when I saw it happen in '17....
Maybe I was unclear.. I only saw one huge order, for 2 billion at 0001. That one only got half filled on Wednesday, so the other half of that order is still sitting there waiting to be filled.
He is waiting there, because his big order inspired other people to put in buy orders at 0002, 0003, and even a couple of 0004 bids Friday. None of those was (far as I know..) a billion share order. Because those other folks started bidding 0002 and above, the big 0001 order got pushed back in line, but I don't think it went away, and I don't think that guy has - or will - raise his offer price.
Still.. that one big $200,000 order tells me that something is up, that guy has a REASON for his bid.. probably a plan to start dumping when he sees 0025, and then trying to sell out before it falls below 001, netting him about a 10 to 15 bagger, 2 to 3 million profit..
AGREED! - NOBODY is gonna commit $200,000 to THIS ticker unless they know something or have some definite plan. But, they did.. over a billion shares were bought at 0001 on Wednesday.. then on Thursday, whenever the 0002 bids were all filled, the standing order(s) for another billion at 0001 popped back up.
Bottom line.. we'd still be stuck at "sell 650,000,000 at 0001 / no bid", if someone hadn't stepped up and said "ok, I'll give $200,000 to BUY these at 0001". SOMETHING is definitely up...
To test my theory.. I have 1.5 million shares (bought at 0001) on a sell order at 0025, and a buy order for 50k at 0001 (which won't fill until the whale (who could be Frankie..) either gets his second billion 001s filled or withdraws that order). So, if my 50k order fills, I'll know that whale is ready to proceed with "his" planned pump. If my 1.5mil sell first, I'll know we've hit my predicted top and the first bump is close to ending.. all I have to do is wait..
This time around, I don't think this has anything to do with Bitcoin.. Frankie hadn't said anything about digital currency since that Asamacura hard wallet fiasco (2018), since then he's been pretending to be doing "blockchain consulting" and otherwise "developing" new ways to use blockchain. (while failing to recognize, for example, how a VOTING SYSTEM based on SHA-256 digital key security coukd revolutionize elections by allowing an online voting system which guarantees "one person one vote" while providing traceability ("I can see that my vote was accurately recorded and counted").)
Anyway.. I don't think anyone is seeing $SANO as a "bitcoin play" - I think thus is purely about a $200,000 order ("buy 2 billion shares at 0001") placed last Wednesday. It is unclear to me whether that one order represents someone preparing for a "pump&dump", or is the beginning of an attempt to "reverse merger" some legitimate private company into this empty shell ticker - but either way, there is some money to be made on this in the near future..
Where we stand: 288 million bids at 0002 - GOOD LUCK getting those filled, I suspect the price only rises for the next week to 10 days, topping out around 0025, before it ever gets back to 0002. THEN, on the down swing, it will pass 0002 and drop back to 0001, where some whale is sitting with his 2Bn order half-filled. When he gets the remainder of his order filled, then he will start another pump, and we'll rise back to about 0025 again, maybe mid-January, before sinking back to 0002 or 0001 for a few years.
Un other words, two bumps, just like we saw in 2017. The whale will be happy to sell his "first billion" (the shares he bought last Weds and Thursday) to end the first bump.. and he'll be happy then to pick up his "second billion" (the unfilled half of his Wednesday bid), and maybe add to it, for the second bump.
So.. if you want in on the first bump, don't count in getting in at 0002, you can make money buying in at 0004 and riding it to 0012 to fund a "free ticket" on the second bump.
But remember what I said last October.. I SUCK AT THIS!
If we see 0025, my 1.5 million 0001s will sell and I'll skate out with another $3,750. But, I don't care if they sell or not.
If the ticker falls to zero and the shares evaporate, I'm still even..
If $SANP's "big buyer" (the current, half-filled order for 2Bn at 0001) is accumulating for a reverse merger, and I'm still holding when they do an RS.. if it's a 1 for 100,000 RS, I'll have 15 shares of whatever it becomes..
No matter what happens here, I can't be hurt.. so I'm gonna hang on, enjoy the ride, and see where it goes.
GLTY, GLTA..
Hey.. I made a PROFIT ON $SANP!
2 weeks ago, etrade was telling me that my 14 million shares were worth $14.00. I spent 2 years at the back end of an 800mil long line of 0002 sell orders, waiting for my turn to eat a $1,400 loss. Instead, I got my $3,700 back with a tiny but real PROFIT, and 1.5 milliin "free" shares to ride whatever pump we see in the next few weeks.
$54 plus IS nothing.. until you set it next to $3700 minus.. I am elated today!
I just SOLD 12.5 million at 0003! Profit: $54.57!
Still holding 1.5 mil of 0001s, with a 50k buy order at 0001 pending. I'm marking that to sell at 0025, if it never sells, I don't care.. it's "house money" now..
Only bid I see RN is 900+ mil at 0001. Some whale is accumulating for a P&D. I don't think he will raise his bid from 0001 - he's hoping now that we'll get discouraged and impatient waiting for the "rise that hasn't come" and sell into his price. ONLY AFTER his massive order is filled and he's holding a few billion (at least 2 Bn, more if he did any accumulation over the prior 3 years).. only THEN will he start "painting" it up for his pump.
So, no 10 bagger this week. I'm putting in a buy order for 50k at 0001 ($5 worth..) - when my order fills, that will tell me that all older 0001 buys are filled, and to get ready for the fireworks to start.
Santo doesn't fit the SPAC template. A SPAC is a new shell with no business but a mountain of cash - it raises the cash by selling shares, with the stated intention of buying a private company (a "unicorn") which is ready, even overdue for going public, but doesn't want the hastle of doing the IPO registration. The unicorn owners sell their viable business to the SPAC and its shareholders, for the cash the SPAC is offering (because it HAS cash..).
Santo is 8.6 billion shares already sold, mostly over 3 years ago, mostly raising less than $0.001 per share, on a string of "buzzword promises" - Frankie (our beloved leader (snort)) was gonna "market energy drinks".."licence the drink recipes".."sell wine and cigars in Vietnam".."sell ConEx boxes converted to weed growhouses".."mine Bitcoin".."develop blockchain applications".."sell a cryptocurrency-wallet-on-a-plastic-card (Asama, Asamacura ?)".."facilitate weed authenticity/traceability with blockchain enabled smart labels".."sell "collectible" blockchain enabled geocaching bandanas ("Skullys")".."Reinvent Bahamas gov't currency as a crypto".."provide blockchain consulting"..... with ZERO TANGIBLE PROGRESS OR MARKET TRACTION for any of these schemes. Instead, the money already raised (my guess, about 10 million) has gone to Frankie, and allowed him to pay his bills and live a globetrotter lifestyle WITHOUT HAVING TO ACTUALLY DO any of the work to make any of those schemes into an actual business.
Santo can't be a SPAC because it can't afford something like AirBNB, Eventbrite, Menards, LEGO Corp. etc... our problem is that Frankie burned/stole all the cash - our shares-for-sale represent nothing BUT the shares themselves.
Nope. EVERY 0001 bought on Wed/Thurs was bought by one buyer with an order for 2 BILLION (approx..) at 0001. NOBODY ELSE was buying this in any quantity (daily volumes around 1.5 mil avg) for 2½ years. There's been a standing ask volume around 600 million at 0001 that whole time. This buyer jumped in, snapped up all 600 mil Weds AM, and the list of 0002 sell orders popped up. That list included folks who placed those sells months ago, and they were all bought up at Thursday close.
Thursday, some folks posted new sells at 0002, and other folks started buying those, thinking "something's happening with $SANP" (they might be right..). The original 2Bn order is still only partially filled, it pops up now and then when all the new 0002 orders are filled. Until that massive order gets filled, it's older than any other 0001 buy orders out there, so nobody else can buy 0001 until that order is filled.. so nobody (except maybe that whale, but why would he drive up the price if his desire is to own 2Bn shares? Sell at 0002 only to buy back at 0002,3,4..?) anyway, nobody ELSE.. has bought 0001s Wednesday and sold them Thursday at 0002.
The point here is that the 2Bn buy order has created a huge volume spike, and has generated some speculation and interest in this ticker. I think the massive buy was accumulation in preparation for a pump&dump - I think this will hit 0025, so anyone buying at 0003 who gets out at 0025 will have an 8-bagger.. and this whale wil have a 25 bagger on his (estimated, so far) $250,000 gamble. Still, 8X in a couple weeks is damn good money, and I hope some folks get in early and have a nice ride!
GLTA..
Last time, 12/13/2017, I found this at 0002, tried to buy at 0003, had to pay 0004 to get in.. rode it to 0027 over a week or so, then got out.
But.. that worked so well that I saw the "dump phase" as an opportunity to get back on for the third pump (was thinking January or February..), so I bought a couple mil at 0006.. then got stuck buying more trying to "average down". Ultimately got my average to 00027 for 14 mil... that was 3 years ago, and I'm still here.
Morals of this story... the fuse is lit again, this is gonna pop again. BUY THESE 0003s NOW - you won't see 0003 tomorrow, or again until the other side of 0025.. and when you do see 0003 again, it'll be too late, you'll have missed the run
SOMEONE IS BUYING $SANP - don't know who.. or why.. my guess is for an upcoming pump&dump, but it could be someone willing to spend around 1 million to buy nothing but a shell with a NASDAQ listing.
EITHER WAY - as a 3 year bagholder.. just a little more patience, and I'll be able to sell enough to break even, while holding a couple mil on "house money" to see where it goes..
Most trades since 11:15 today are "BUY"s, not "sells" (i.e., someone put in a buy order at the 0003 ask price, instead of someone putting in a sell order at the 0002 bid price..) I think that's a GOOD SIGN!
Irrelevant if it's Iglesias or another selling.. someone spent $250,000 yesterday BUYING this at .00013 (approx. vwap), and appears to be ready to spend another quarter mil buying at .0002.
I know there are folks who've been holding their $.0008 or .0027 turds for 3 years, looking at the 0001 price and praying for a chance to dump at 0002 or 0003. Mine cost me .00027 each, I have 14 million, $3800 worth.
Someone is accumulating from the "I gotta get out and eat my loss" crowd, likely for a "pump & dump" up around .002. I haven't been a 3 year bagholder just to turn away NOW from the "third pump" I expected in January 2018. I'll ride the rise halfway, up to .001, and bail. My "sell at 001" order is already in..
If I don't see my 001 price, IT COSTS ME NOTHING (I "lost" the money 3 years ago..) to hold this bag another 3 years, and bail for 0003 in 2023.
STOP DUMPING THESE at 0002 and 0003, hold out for a better price..
I've held this dog since 12/13/17. When I first bought at 0004, I thought about how sad it was that it had sat at 0002 for two years before its first "cryptohype bump", and especially sad for anyone who held the 0002s for two years, and finally was able to sell just as the jump was kicking off. Remembering that, is why I held my 0001s for 3 years.. hoping this week will pay off!
Not "tax loss selling".. there's been a steady 600 million available to buy (i.e., "sellers") at 0.0001 for about the past two years.. they didn't sell all that time because there was no BUYER of note.
Today, someone has bought 1.3 billion shares, and is bidding 0.0001 each for another 1 billion shares ATM.. which means that some buyer has committed about $250,000 toward buying up shares. There's definitely a reason behind this.
As for "0002's not budging.." - i suppose a lot of folks have put in some long term sell orders and aren't watching this daily, many of the 250 million 0002's available are held by people who don't know they have a chance to dump at 0001 right now.
Me.. I wrote this off in my mind a long time ago. I break even at .00027, so all but 1 million of mine are in a 2 year sell order at .0003, and that last million are listed at .001 - if I get those sells done, I'm out slightly ahead and happy! If I decide to bail today at 0001, it's still no worse than if I had bought a new car and eaten depreciation for three years.. it won't kill me. But, I don't think I'm bailing out today.
BP subsidiary Lightsource BP "secured 250 million financing for its 260MW Impact Solar project" https://www.lightsourcebp.com/2020/03/lightsource-bp-completes-financing-260mw-solar-project-texas/ - that's 1 billion for about 1 GW of capacity.. so it looks like its acquisition targets would be companies with market caps (in billions USD) about equal to their RE generation capacity (in gigawatts).
Of course, $250 million is what Impact's 0.26GW SOLD FOR - since BP financed the purchase, they'll end up paying substantially more to BUY it.
So, for example, Atlantica Sustainable (AY), with 1.5 GW and 3Bn market cap, would sell for be about twice what BP would be willing to borrow to buy it... certainly, BP wouldn't be likely to offer a significant premium over AY's current price of $29.56/sh, if they were considering AY as an acquisition target.
So.. probably not AY.. but BP definitely has acquisition goals, which means they're looking for targets.. so I'd love to figure out who those targets might be...
BP says "We're moving away from oil, becoming renewable energy supplier - our current 2.5GW renewable generation will be 50GW (gigawatts) by 2030. We'll get there through organic growth and acquisitions.
Does anyone wish to speculate on possible acquisition targets, or on how much BP would be willing to spend to acquire a hypothetical company with one GW of RE generation?
My guess is that they'd spend about $2.4 billion (USD) for 1GW new in service capacity, $1.2Bn if the installations are 50% through their expected service life.. so their 50GW over 10 year buy would be about $100 billion over 10 years, or 10 billion per year.
Does anyone else have a guess.. or a criticism of mine?
Ironic.. I figured out today that I lost more on BP from Covid and their "we're moving away from petrolium, we'll be a green energy supplier (someday, maybe, we hope..)" announcement, than I've lost to $SANP.
THANK GOD my wife doesn't listen to me... "Honey.. you should sell like $40k of your HD (at $215) and buy BP (at $32), triple your dividend income.." That $40k is now worth $56k as HD shares, would have become $20k as BP shares..
Moral of the story.. I SUCK AT THIS!.. if you see me say that I like a ticker... RUN AWAY from it!
Array Biopharma acquired by Pfizer in 2019 - https://www.pfizer.com/news/press-release/press-release-detail/pfizer_completes_acquisition_of_array_biopharma
All true, Slojab.. but my signal that Frankie has totally abandoned this ticker, came when he failed to put out some bullshit PR about something like "Skully Facemasks" for C-19.. he's tried to ride every upcoming fad or trend or buzz for years.. especially thinking of cannabis and then cryptomining.. I'd've thought he'd at least TRY to slide into face coverings while they were hot for a month, especially since - hanging out in southeast Asia - he had a bit of early warning...
My 14,000,000 shares (avg.cost: $0.00027ea.) are for sale at 0001, I'll call myself lucky to get $1,400 back out of this to offset the $4,200 I'm in the hole here right now..
Two years ago, I thought this had one more pump in it.. guess i was wrong..
Point is, I don't see a "cancer patient address" there.. I see a company address, for a company whose CEO has cancer. But I don't see Frankie using her personal address. So it looks to me like you're trying to make something out of nothing here.
Whatever address Frankie is using - and I admit, I'm not clear on exactly what purpose Frankie is "using" the address for - whatever address, it has to be an address that Frankie has control over, in order for him to ensure that it displays the content he wants, and that he can access any data it collects.
I do not care about the personal medical details of any person in Frankie's sphere of influence, so long as he finds a way to have an idea that actually makes some money for Santo and us. But, maybe I'm just unclear about exactly what you claim Frankie is doing wrong in this case and WHY it's "wrong". Go ahead and explain...
Wait.. EmeraldExpositions has cancer? I see their CEO does - and I wish her a fast, full, and complete recovery - but she's not the corporation. I'm not sure how the company is tied in with Frankie's latest attempt to pretend to be doing something profitable for $SANP.. but I see no more relevance for the cancer diagnosis than if Frankie's (hypothetical) decision to buy electricity for his imaginary crypto miners from FirstEnergy... coupled with an announcement that it's CEO has cancer.. led to a claim that Frankie's electric purchase was "exploiting a cancer patient".
Maybe the EmEx CEO recovers and it's like there was no cancer.. or maybe she takes medical leave or retires, a new (maybe "acting") CEO steps in and it's like there was no cancer. Maybe I'm missing something, but I just don't see the connection. If you do, please explain...
No bids/sales today, but 0001sells down 50% - from nearly a billion available at 0001 two weeks ago, we're now at 450 million listed at that price.
The no bid is discouraging, but the lowered 0001 wall is a positive.. kinda looks like everyone is gonna just wait and see..
My thoughts on Gag Order.. BOTH companies have agreed to be gagged with respect to discussing the other/partner company. The paragraph gagging Yamamoto specifically acknowledges SANP's status as a publicly traded company. I think the gag language is procedural - it is intended to prevent either company from saying something which puts the other in violation of disclosure rules - or at least it provides cover for the companies to defend themselves against claims of fraudulent communication, by saying "we never said this, and they weren't authorized to say anything about this.."
Frankie(thinking).. "I failed w/weed, failed w/blockchain... I KNOW!... I'll try weed AND blockchain..."
Aye, matey! I'll be crossin' me fingerrrrs an' hopin' fer a piece o good news from Cap'n Frankie on "talk like a pirate day"...
"early tax loss selling" only works if someone else is buying when the seller tries to sell. So.. who's been buying?
I carried about 3MM shares through 2018 at avg pps around 0.0009. A few months ago, I gave up hope of ever seeing that as a break-even price, so I bought enough 0001 shares to bring my avg pps down around 00027 - I'm still thinking Frankie will pop up again with some credible idea/scam to sell ("Skullies ain't it..) and I could see a spike to 0004. My original shares will lose money, but my additional stake will make up the loss and then some. Or I bail someday at 0001 and watch it hit 0016 the very next week...
So, that's why I was a buyer in June.. but who's buying now, and why? Others like me, or something else?
The upside-down world of OTC trips... Where "they recently raised the AS" is GOOD news, because it shows that someone is planning another "pump&dump"..
Here's hoping we all get out green on the pump...
QUINTS! Not 000 trips, now selling at 000001 QUINTS! I would actually buy some at a million shares for a buck, if eTrade would accept that price...
Buffett Theorem: "markets are device to transfer wealth from the impatient to the patient". (that's Warren B.. not Jimmy B..)
I've been slowly loading 0001s from the impatient sellers - at this point I profit if we see 0003. Even if this is a "dead cat" ("not just merely dead, but truly and sincerely dead..") I think it's capable of one more bounce...
Nobody's buying right now. I think that much of the past year's 0001 buys were Frankie himself, spending a slice of the money SANTO raked in from the last solutions (dilute from 002 to 001, then buy 'em all back at 0001.. it's like free money..
Anyway, the recent "no bids", today's 15K of volume (that's $1.50 worth of shares..) shows that Frankie is close to loaded up. So he'll cook up some PR, try to pump this back to 0020, then dump all these 0001s he's holding.
Just a theory... If I see 0010, I'm washing my hands of this shitheap.. if I don't, I won't lose any sleep over it..
"SANP>>bitcoin bandwagon" gonna happen October 2017
Hey.. remember when Frankie issued PR that SANTO had actually received like, 200 mining rigs, and was in process of setting them up for "testing and evaluation". He didn't say "ordered" or "coming soon" or "maybe someday", he actually said they had possession and were beginning setup.
Where are THOSE machines?
And, where is the shareholder/lawyer who will say "Your Honor, THIS piece of PR is not a "forward looking statement", it is actually fraud. Actionable fraud.
I know that SEC doesn't really police the OTC frontier, but I would think that at some point, the statute of frauds should be applicable here.
Franjose, I'm speaking to you.. ARE you a fraud? Do nothing, like you've been doing for years, and prove that you are, or do SOMETHING with this company and prove me wrong. Please...
SANP =/= IBM? Of course, but... Possible that someday, IBM might decide to take on Bitmain, design/build/sell an even faster, more energy efficient competitor to the Antminer S9 (or whatever is SOTA then..), and in that future....
..Frankie won't buy any of those machines either! But he'll claim to have placed an order for them, promise to have them running "soon", and try to spark another price run.
Same old same old....