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Sure, 110,000 shares can bump price. It's called "Paint".. you usually see it at the end of a day... Millions of shares could have traded all day long at 0001, then at the end of the day, someone can buy 50k at 0002, with the hope that theirs is the last sale of the day and that 0002 holds as the closing price.
A more relevant number is "VWAP" - volume weighted average price - which can be found on iHub..
Third possibility.. Frankie doesn't have to do RS or raise the AS, if he's spent the last year buying (by which I mean, his mother, sister, dead uncle, and about 20 aliases..) buying up 0001 and 0002 shares.
It's a subtle point, but when "SANTO" sells shares, the proceeds go to the company. When FRANKIE sells shares, the proceeds go in his pocket. I wish I had time to graph the SANP O/S alongside share price over time.. I BET I would see that Frankie NEVER raised OS at a price peak, when "company" revenue would be maximized (and a reporting and tax burden created).. the OS bumps happened on lows, just after "somebody"s dumping made THEM a bundle.
It's like fishing - cast the line out all at once (dump onto a peak), then reel in the line slowly (buy back all the shares you dumped, but at 1/10 the price). "somebody" has been buying an average of about 10MM shares per day, at 0001 and 0002, for the past year. Whoever holds the bulk of those shares, has motive to pump soon, so they can dump for profit... without a RS or AS increase.
Frankie's new scam seems to be to forget MINING crypto, and instead pretend that he's building a company that will earn money for consulting services about crypto. Which is pretty much the same business model as BTSC - whose investors often call it "btSCAM" because BTSC appears to have no more motivation than Frankie to actually run a company which actually DOES anything.
So.. both companies are little more than empty promises. BTSC has about 675,000,000 OS, and closed today at $0.027. SANP has 12x more OS, which means that - if we evaluate the empty promises equally - SANP's share price should be 1/12 of BTSC's, or around $0.0022.
Bottom line - I think Frankie's new business model suggests that another pump is coming, which should top out around 0024.
GLTYA
Loading can happen over time. I'm seeing roughly 10 million shares per day traded at 0001, for like the last 300 days. That's possibly 1/3 of the total OS. I'm sure that all three billion shares didn't go to the same individual - 500k of the 0001s came to me - but it's possible that someone or a small few people have been steadily growing their stake for a long time.
More important to me though, is that we're no longer holding a 50 million shares bid at 0001 (that was steady most of the year), instead, today's 0001 bid was only 500k shares, and that went unfilled. So, it looks to me like there WAS a bunch of loading going on, for months, but that appears to have ended.
The silver lining is that loading is the first phase of a "pump&dump" cycle, so if the loading is done, then the pump should be next, and soon.
eTrade says "no bid, 8MM ask@0001.." looking bleak here. MAYBE the pumpers have all the 0001s they planned to buy, and are now about ready for the "pump" phase. The harder you pull a catapult down, the higher it will throw the rock once you let it fly... Let's hope the time is near to let this fly...
Feeling like bagholder here. Gonna sell even or not at all, wash my hands of this turd.
The RS day 2 close at $0.25 is 71% of the day 0 price, as you said. But 71% of $0.0001 is $0.000071, not $0.000043.
Those ads you see: "like buying Amazon @$3.65/share"... The thing they never mention is that even those who ACTUALLY BOUGHT Amazon at $3.65/sh, did NOT see it hit $1000/share in a month.. or a year.. or a decade (ok, maybe a decade, I haven't looked..). My point is that if ROKU is destined to be a central part of marketing in the future (and I think it is.. I see a world of targeted ads with "more info" and "buy it now" buttons on the device remote, generating billions in impulse sales..) - if this is the marketing system of the future, we still need to wait for us to arrive in that future. When we do get there, those of us who bought two weeks ago at $78, or Friday at $54.50... AND HELD LONG.. will be thanking God for this opportunity. Those who want to play this like some OTC pink sheet penny gamble - buying dips, cashing out and shorting spikes, jumping on and off this train - are going to miss the bulk of the run, and could get crushed by it.
I'm here through 2025, and I'm hoping the day traders stick around, because I'll be buying MY future from them!
I would guess the handle end should be about halfway between the April low and the October high, which is around here somewhere. But, that's just a guess.
I do not understand this sell off - is it profit taking by folks who rode it up from $20 in a year? Has something else (like Amazon/IMDB) spooked everyone? What am I not seeing here?
"Hope" is all that I have left here. I've already lost the money, if I quit now I lose the hope. I think this is a long shot to ever rise again, but if I sell now, I GUARANTEE that it won't rise for me. So, I'll hold this bag until it's either green or gone.
I see cup&handle Dec. to now. I'm confident in this stock, and certain it'll resume it's steady strong climb once it finds the end of this handle...
MGTI has been good to me. Up $733 over 2 years. Last buy 7/11 @0.74, last sell 7/18 @0.90. Just put in a bid for 15,000 at 0.01, $150 worth of freebies. If that fills, and I hold and see a buck again.. it'll be a HUNDRED BAGGER! It's a long shot gamble, long shots usually fail, but when they hit they hit big... GLTYA
Quick question.. what happens to shorts if trading is halted? Are they expected to pay for the shares they borrowed? At the halt day last price, or the short sell day price? Or.. Are they allowed to coast thru the halt and close out their short positions when trading resumes and the price tanks?
DESPAIR... Look @graphic linked @bottom this post. We are squarely in the "despair" part of the curve, which is the spot where many folks bail out (selling at 0002, for example) JUST BEFORE the price starts to rise again.
I WILL NOT SELL until I'm green here - if I never see green, I'll hold to "no bid" - this decision can not cost me more than $250 as of today, a lost $250 will not kill me.
The buyers now are MMs and people who want to emulate the MMs. Sellers now are losers. Set your "ask" at the price YOU WANT, and wait. It WILL pay off, the MMs are NOT buying-to-lose-money.
These are LOW VOLUME price ticks. Volume today is what, around 12 million shares? 10 day average at 32 million? While the 0002 bids have suddenly disappeared, (that had been running at about half a billion) and there are suddenly 600 million on the 0002 ask and 1.8 billion on the 0001 bid.
If I was a whale here, and I wanted to make some money on this (or even cut my losses), first I'd want to accumulate a ton of 0001 shares. So I'd want the price to drop. How? Simple, I'd pull all my 0002 bids, then sell a few that I already hold, at 0001. People will see the price drop, and drop their ask from 0003 to 0002. Others will withdraw their 0002 bids for 0001 bids. (half a billion 0002 bids had to have been withdrawn, because they weren't filled within the 12 million of volume today or the 320 million over 10 days).
Funny thing is, 1.8 billion bid at 0001 actually represents almost twice the dollars bid, than 0.5 billion at 0002. Buying interest (measured as total dollars on the bid line) has doubled! Read that again! And, there aren't millions of people who know about SANP/Asama, this is a relatively small pool of speculators. Who has 180,000 to put on the bid line? One or two whales, mostly. Maybe Frankie himself. Maybe a few dozen small fry looking for a bargain at $1000 or less apiece. The 0002 asks are mostly small fry speculators who are looking to just get out, regardless of loss. Once the whales get about a billion or so of 0001s, they'll sit back, maybe buy a few 0002 or 0003 shares to paint up the price and start the run, and they'll wait for 0008 or more to sell on the rising side of the spike.
They're playing the Buffet Theorem: "the stock market is a device that takes money from the impatient and gives it to the patient". As penny speculators, we're all notoriously impatient. The lack of upward price movement since January, has been the whales sitting back, letting our impatience grow.
I lost my whole investment the day I spent the money to buy my shares.. and I'm able to absorb the loss. I KNOW the whales will engineer a run as soon as they are ready - the $180,000 on the bid line tells me that a run is coming. The $250 I could get today from selling out, isn't equal to the value of being in when the whales start the run. If this goes totally dark, no bid.. I'll only be out $250 from where I stand today.
We're really at the point where it's not worth giving up.
I just doubled down, shaved a buck off my average price paid!
Not "just streaming".. imagine targeted ads and buttons for "learn more" and "buy it now".. this could SOAR!
"Licensing.. that's where the money will be made..." Ok.. by who? Licensing what? If Pepsi buys SODA, is Pepsi going to license other companies to manufacture and sell the Sodastream hardware? Is Pepsi buying g SODA to get its hands on SODA's syrup recipes and names so it can license non-Pepsi syrups to other manufacturers?
Or, are you saying that SODA declines the sale, stays independent, and starts "making the money" by licensing it's hardware or syrup brands to other makers?
Yes, I've heard of licensing. Franchising too. But I don't see how they fit into SODA's current business model, or how a SODA acquisition enhances Pepsi's brand portfolio for licensing purposes.
This can't rise above 0003 as long as we, holders, keep 500 million shares for sale at 0003. OF COURSE buyers are gonna say "so many shares at 3.. I don't want to pay your price, I want a deal. I'll offer 0002." When we, the holders, decide our shares are worth more, and raise our ask.. that's when the buyer's will raise their price. If they see the 500m ask start dwindling, FOMO will set in on the buy side and they'll chase. WE gotta start the spike...
I would vote against PepsiCo buyout. Here's why:
First, I must confess, I do not own any $SODA. I never considered it as an investment, because I was unimpressed by the concept from a consumer's standpoint. I FAILED to consider that other people (not as smart as me, maybe..) ARE buying the system, apparently in droves. My assessment that the initial and continuing price points were so high that I would need to drink a grossly unhealthy amount of their (purportedly "healthier", "better") soft drinks in order to save enough money (vs. buying BigCola in stores), SHOULD HAVE told me to buy in on the "ripping off consumers" side of the business. So.. I don't have a dog in this fight. No matter.
Here's the thing. Consider Keurig. You can get K-cups that are branded "Starbucks", and others branded "McCafe"(McDonalds). In the same way, you can now buy actual Pepsi syrup and use it with your Sodastream system to " make your own Pepsi at home". BUT... If Starbucks decided to buy out Keurig.. then the ONLY authentic K-cups you could get would be Starbucks cups. If you bought your Keurig in order to enjoy a variety of flavors from various small, independent roasters - to escape the limitations of buying from the few giants in the industry - that opportunity is lost if Keurig is absorbed by Starbucks. (In fact, Keurig version 2 machines have an infrared ink tag sensor to prevent them being used with "copycat" brewcups.) If Sodastream is absorbed by PepsiCo, all of the SS brand syrups would be replaced by Pepsi brand syrups - identical to the 3 and 5 gallon bag-in-box Pepsi syrups you can buy at Gordon Foods, but the retail size bottles will cost significantly more. A LARGE part of $SODA's marketing has been about having freedom and independence from the BigCola monopoly, and many SS system buyers liked that part of it. That is totally wiped out if SODA folds into PepsiCo - instead of SODA being a wild, free stallion roaming the prarie, it will be transformed into a blindered draft horse, pulling Pepsi's wagon where Pepsi wants it to go. It will become just another avenue to promote the Pepsi brands. That is the polar opposite of the philosophy which got SODA to where it is today - and that philosophy is largely the foundation of SODA's value. That value is completely lost if SODA becomes a unit of PepsiCo.
So.. this looks like a self-fulfilling prophesy.. whichever way the majority of SODA shareholders vote, is the "right" way to vote.. if $SODA shareholders decide to sell, PepsiCo's 3.2Bn wasted dollars will sit well in your accounts. If $SODA shareholders decide not to sell out, the company retains the business model which brought it here, and presumably the company continues to succeed, and possibly attracts a sweeter offer later. Maybe from Keurig. Who knows.
I would be voting "no sale", hoping for the latter outcome. If the vote turns out to be "sell", I'd DEFINITELY be looking for another company to come out with an "anti BigCola" home carbonation system, and I'd be investing there like I should have bought $SODA in 2016.
"Smart Traders".. which ones? The "cut losses and run" bunch, or the "bottom scraping bargain hunters like me" crowd?
Today's volume was selling - holder(s) of about 50MM shares decided to quit waiting for the miracle, cut their losses and run. So they sold into some of the standing orders at 0002. This was definitely not a surge of buying interest today, these "buy" orders were placed weeks ago by bottom scraping bargain hunters like me....
Has SANP trading volume gone above 50 million shares this week? 2:15 today and we're just over 8 million traded. How much of a "buyback" can be happening with volume so low?
Much earlier, during the Canoe hype, SANP was claiming more interest in BCH and maybe ETH vs. BTC... but I think that was Canoe's priority, presumably the slate is clean now that Canoe is out and we're snuggling up to Asama.
"Where did all the funds go" from the first 8.25 billion diluted shares sold? I think I know... I think the funds raised were spent paying Frankie's salary... and he took his salary and bought shares on the dips his dilution caused. I think Frankie personally holds several billion shares here - at least, I HOPE so - and is trying now to create a value/price spike so he can profit in a big way.
Just changed my bid from 1.8M@0003 to 5.5M@0001 - we'll see if you're right...
My father-in-law did EXACTLY that! Bought HD decades ago, held thru splits and reinvested dividends, left half a million each to his 4 kids and second wife. It does work! It's also the Warren Buffet axiom: the stock market is a perfect mechanism to take money from the impatient and give it to the patient. (or something like that..)
"Go slow to lead" makes sense in some contexts..
A city near me has its main street set at 25mph. It should be 35 or 40, but they depend on the revenue from speeding tickets. So, on that road, I "go slow" (25 on the dot) "to lead" a parade in protest of the BS speed limit. I figure that the people most likely to be most inconvenienced most often, are the local residents lined up behind me, and they are the ones who CAN complain to THEIR city council for a change.
Also.. Aaron Rodgers was able to "go slow" into his starting quarterback role, and because he wasn't rushed out there "green" (like, say, about 25 Browns QBs since 2000), Rodgers became a "leader" in the QB stats.
But.. I'm not sure it's the best motto for a crypto mining, fintech company. Things evolve so fast in crypto tech, that "go slow" could translate to missed opportunities and perpetual "catching up".
I agree, uplisting would be a good thing, and if a RS gets it there, it can be good. I also agree that before or after a RS, my $2,500 equity represents the same percentage of the company. And, I agree that we won't see $0.35 with 8Bn shares out, that would bring our market cap somewhere around 2.7Bn, and this little company just doesn't have the operations or revenues to justify that.
The problem with an RS is shown by what Drydhips did... Issue a ton of dilutive new shares, then RS at 1for20, then issue another few billion new shares (since the AS didn't change, the RS gave the bosses more headroom for more dilution), then do another 1 for 20 RS.. and so on, like 7 times over 2 years.
I'm not at all opposed to an RS - other people's negative reaction will cause a sell off and a BUY OPPORTUNITY - but once they do the RS (if they do.. this is just speculation) I have zero tolerance for any new share issues.
The line for 5's is 240mil long. If you have an order in that line, keep it there and hope enough of the 0006 sellers drop their ask that you get filled. I think the 6's are drying up. I am sure that if I put a new order for 5's at the back of that line, it'll never get filled.
29mil volume, only 18mil asking 6. Running out of panic sellers and flippers. The 250mil bids at 5 aren't going to be filled, the accumulation window is closing....
Buy the 6's while they last, let's see the number of asks at 7...
Franjose, I want to apologize. Nothing would make me happier than to have to write a post here saying that I was wrong to ever doubt you and your leadership of this company. I would like to write that apology SOON.
BUT I CAN'T APOLOGIZE, NOT YET.
With this thing still buried at 0005-0006, with nothing but failed promises in the past to inform our opinion of the current promises, I'm not seeing anything to justify an apology. PLEASE prove me wrong here! Or at least, file an ownership statement somewhere showing that you're actually putting YOUR money behind your promises.
If "dark/defunct" was true, the company wouldn't be putting out tweets and filing paperwork for officer changes etc.. Just because a website says something, it doesn't make it true. Especially with these stinky pinkies, there isn't a lot of effort made to stay up-to-date. E*trade has this listed as a "lifestyle brand marketing company" selling wines and cigars.. in the "metals and mining" industry sector.
In fairness, SANP was relatively "dark" for Jan-April '18, filing nothing but updated (diluted) share counts. But that's history now. And, in fairness to critics, SANP has yet to do any "business", to raise any money by any method except churning out sub-penny shares. I've said before, I think Frankie's scam wasn't dumping shares at 0003.. I think FRANKIE WAS A BUYER (personally) of TONS of the company cheapies he cranked out, and I believe his actual plan is to do something SOON to demonstrate actual value here, so the cheapies he holds soar in price and he can sell them for a huge (personal) profit.
I'm trying to ride his coattails, that's all.
Just wondering..why Motley Fool has 19 million shares of this...
Love seeing new names here, immediately dogging this stock! These are SO OBVIOUSLY people late to the party, trying to scare some holders into selling so they can get in at a discount. Because the trash talkers WANT IN to this "crappy scam ticker". Otherwise, they wouldn't be here SAYING "get out now, the sky is falling", instead they would be getting themselves out now...
"Never" is a loooooong time.. Will it ever HOLD above 005? That's a tougher question. But my sell order is already in, good to end of year, so if it ever crosses 005, however briefly, on whatever momentary buzz or pump, I'll be out and green. And if you're right, having my stake tied up here "forever" won't kill me.
Agreed: with a 150 mil ask wall ($105k), and only 13 million shares traded ($9k), it looks like only the flippers are trading today, most of us are holding firm.
I've been holding my bag of 2 million shares since mid-January, got them listed for sale at $0.005. I've held this long, I can hold a bit longer for the price I want.
What does "fake bid" even mean? If you think I'm looking at this wrong, go ahead and explain why... And, I already know the "Frankie is a scammer, so this is just a scam" argument - I was on that bandwagon all of March and April. But, recent changes have me feeling better about my little GAMBLE here. Time will tell, until this plays out, we're all just guessing.
Rough sketch value calculation: A 13Th mining rig costs roughly $2,600, after delivery, housing, setup, power and operating labor, let's guess $5,200. That's about $400/Th.
Asama says "coming soon, 100,000Th". At $400/Th, that's about a $40 million capital investment.
With 8 billion (rounded) shares, it works out to:
$40 for 8,000 shares
$5 per 1,000 shares
$0.005 per share.
If we were starting at square one, and someone said "I'm selling 8 billion new shares to raise $40 million to build a 100,000Th mining farm"... that wouldn't be a bad investment at $0.005 per share. Right now, we're priced at an 80% discount from that.
Plenty of headroom here.
I should've done last week.. just put in a bid for 3 million shares at $0.0002
Probably won't get filled now, but I'm not paying more for this, ever. Still hoping for a rise past 003, so I can implement my exit plan.