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I respect that perspective. At this point TWOH needs to be watched.
I’ve been involved with companies such as this. Is TWOH is trying to reinvigorate it’s vision, this is a great time to get onboard. If this is just a money grab, expect more filing like we saw today.
Not enough information to have me step away....
If this was dilution, I would expect a much higher volume of shares for collateral. Now if I see multiple filings like this over the next month or so, i will get nervous.....but I am surprised it took this long for the initial filing. Will be watching and picking up shares when pps is on the cheap.
They are generating capital to get this company back off the ground.
The company has been dead for some time. This will infuse some quick cash into their vision. Float is still insanely small.
Odd action today. I have a feeling that news is forthcoming. 3.5M bid at 0.0110 when a lower price could have been had tells me deep pockets know something. Curious as to how the rest of this week plays out...
Why do you chart this with a log scale on the y axis? This is a a serious question. Log scales are often used in the OTC and nobody can provide a legit reason.
If anything, it minimizes the visual on how much the pps has declined...
I agree with your assessment. I thought we would pull out of the nosedive prior to R/S (I was wrong - I mis-calculated some cross trades as debt covering).
This will pull out of the nose dive, it is just a matter of when... watching and waiting for my next entry.
This means every trade today is a short sell by the MM’s ....
You say confusion I say curious.
Big money moves for a reason. It knows something we don’t. If WVAP dropped below 0.00015 I would be re-evaluating. It is holding strong close to 0.0002
I got into ABWN knowing it wasn’t a quick play. We need to let this wine breath....so much money is lost down here in pinky land due to knee jerk reactions. Have faith in your DD, the facts that got you here haven’t changed. We just see a little more of of the full picture.
Let’s look at this realistically. The bloated 8-10B shares structure was never realistic. A 50-75M share structure is more in line with where this company needs to be (and yes, I know that there are outliers out there, but to make this attractive, S/S needs to be reduced. Those that thought this would rise back to previous glory of $3 pps with the new S/S were overly optimistic. My hope was (and is) that this would start to run prior to the requisite SS to bring things back into alignment. It still may.
Cash flow is always a concern with sub penny stocks, so you have rights to be concerned. Salaries are just over $100K/month. All other expenditures are not consistent month to month and with a bit of savy program management, $4.1M can last a long time of many of the two test expenditures are already paid.
This is not a scam company, this is a young company trying to take flight. They have a goal and the creative juices to get through these lean times. As long as they make payroll they will be fine.
I am not surprised by the filing for the RS (was hoping it would be another month or so out). I am not surprised by the tight cash flow. This baby needs time to mature and these constraints will accelerate this.
VWAP up to 0.00019 today. Heavily favoring buying. So a sub penny stock files for a RS (a death blow in this world) and buying INCREASES??
Hmmmmmmm....
ABWN would need to know the float before they could file for a RS. To me the RS signals that the debt is paid off.
I’ve been watching volume closely as well. The 2.7B on the bid at 0.0001 coupled with dropping volume tells me that dilution as well as accumulation is wrapping up. Daily VWAP has been sitting between 0.00017-0.00019 for a while as well, so most of the buys have been accumulation buys at 0.0002.
So the question that remains is will the remaining 200M on the ask fall into the bid or will the 2.7B on the bid jump to the ask. It’s a 50% loss either way (50% loss of shares or 50% loss of $) So who will blink first? Good news will have it jump up quickly, bad news will have it drop quickly. Otherwise we are stuck in this standoff with little guppies like me picking up the crumbs where we can....
Please let us know what you find. I have my best guess...
Over 100M fell into that “fake bid”over the last week. It hasn’t budged, if anything it grew.
At this point I’m believe it is just a waiting game. Everything known has been laid out on the table and each investor can make his/her own decision to join this ride. When more information gets put on the table, pps will begin to rise.
Volume is drying up, so I believe everyone that will be getting on this bus has gotten on and taken a seat. Shorters have gotten out. Dilution is about done. We are just waiting for the driver to take his seat. I personally will continue to accumulate as my meager budget allows.
Hey, I’m ready for the pps to take off, but each addition Friday we sit at 0.0002 is an additional Friday I can pick up another million shares. This will take off when it is ready. Until then, I will continue to accumulate....
This won’t go back to a dollar in its current state/share structure - at least not anytime soon. I think a penny or two is reasonable.
Have a plan in place to sell a portion for an overall profit and ride the remaining “free” shares in case the pps exceeds expectations.
Many investors (mostly day/swing traders) trade soley on chart fundamentals (another area for you to learn - google candlesticks, support and resistance and fib levels). When the charts get painted it obscures what is going on from the chartist (as they only look at open and close for a given time period). You will also see painting during the day on the half hour for the same reason.
The reality is that volume buying will break us out of this rut. The MMs don’t want that volume until they are ready. If the charts show a reversal it will bring in new eyes and could mess with their plans.
Doubt it. We have been at 0.0002 for over 10 days. Short positions would have already covered.
Not many shares were sold at 0.0001. Most 0.0001 sells were just to paint the charts.
The real question is where are the MMs getting their shares. These are not dilutions. They would be foolish to short given the 2B+ on the bid (if they are we have about 5 days until a short squeeze hits- I don’t think that is going on). Nobody will be dumping 0.0002s given that 0.0002 is the best case entry point.
I haven’t answered this question satisfactorily yet...
MMs are required to create liquidity in the market. This means that they must buy and sell even when it is not in their best interest to do so. As a perk they are allowed to trade at an extra decimal, which they use for themselves or for big investors going through them. If they put in an ask of 0.00015, it will show up as 0.0002 since it rounds up, but it will jump them to the front of the line in front of the 0.0002 asks.
From what I see, the MMs are staying off the board during amateur hour. I believe they are assessing the bullishness of the market. If it doesn’t look like it will take off on a given day, they are putting the lid back on the pressure cooker and letting the pressure build further. Folks will often claim they are doing this to keep prices down and allow institutional investors to buy in at this low a price. I don’t buy that in this scenario as the accumulation has gone on for some time and is significant. This also helps to trim the backlog of 0.0003s on the ask so that when it does rise, there won’t be a big an obstacle at 0.0003 to kill momentum.
I personally believe that dilution is done. We are at the mercy of MMs creating market liquidity and allowing a bull run when there is enough pressure to sustain it. Someone also mentioned that they are painting the charts (which I also believe is going on). So that this builds organically and not at the hands of flippers.
At least that is what I think is going on...
This in the same conclusion I came to as well. I have seen (and lost money on) many scams in the sub penny market. This one feels different.
Hey, maybe I have been taken again. But this it doesn’t feel that way. Volume has been way too high for way to long for this to be a scam. Added more today.
I think we can both agree that the 5T AS and the 5 R/S potential are NOT in place to dilute (which is what I was trying to get at). So if they are not there to dilute, when why are they there?
Keep in mind the R/S of 30,000:1 and doing that five times. It will take generations to get to 5T shares....
I asked it before. Why would ABWN set such a high AS? Great food for thought and it may provide insight into where this is going...
Why do you think they set the AS at 5 Trillion. I haven’t seen a better explanation. To dilute to 5 T would take years at very high volumes.
Be careful there. AS was raised to 5T. Assume we have 10B in float now. Assume we have 1B in volume every day. Assume we have 100% sales from dilutions every day. It will still take 500 trading days to get to 5T.
The 5T AS with up to 5RS is a tough nugget to figure out and definitely casts a shadow on ABWN. But practically it is so extreme that it can’t be executed. Why would they do that? Bone headed mgmt? Any other scenarios? Interesting thought exercises.
I am not a pumper . But I don’t buy into extreme hyperbole from any side. ABWN has its warts right now. Its not a sure thing. But we don’t know the whole story and things don’t add up without it.
Yup. Cash flow conjecture are just that. Wait for the filings.
So many claims that this is a scam, but BILLIONs of shares have been sucked up in the last month. Too many shares to be bought to blame it on flippers. Too many shares to be bought to blame it on suckers. There is INTENTION buying here - and in large volumes. Those that see this as a scam have already run away. Those that remain buying still see value.
I feel this will remain at this pps until toxic debt has run its course. Once complete pps will rise. RS is of no value to debt holders so they won’t push this lower.
That’s why this stock is intriguing. With the number of shares diluted we are still above no bid and there has been no need for a R/S. Somebody is picking up the shares....
ABWN is a curious little nugget. It doesn’t really fit into any of those classic “scam” schemes. Things just don’t add up no matter what angle you approach it from.
There is more to the story than the public is aware. I’m just going to sit back and watch this play out. I really have nothing to lose and only knowledge to gain. (and maybe some profit once the hidden becomes known).
Understood. Whenever I enter a position I ask myself, “is this a legitimate company trying to make it, or is this a scam?” For ABWN i concludes the former. Others here may have a different opinion (which is their right and I respect that). But one’s though process on ABWN will flow from how that first question is answered.
Since I answered that this is a legit company, I concluded that this is not a R/S and dilute scheme (again, you may have concluded differently). The R/S and dilute process will completely kill this stock. Everyone knows this.
My guess is that this will undergo one R/S once dilution is done. The severity of the R/S will be based on the share quantity after dilution, butwe will end up with a float of 50-100 Million.
I do believe that there was a motive to announcing such a large AS and severe R/S but have not seen enough real data yet to state what that is.
Ok, I am an ABWN holder here. Not as deep in it as some, but I am definitely in the red. I am not optimistic, but the pennies I now get on the dollars invested make have me holding, just in case....
But we need to look at the math here. IF the AS rises to the full five Trillion, as R/S of 30,000:1 will bring the available shares down to 166,666,6667 shares. A second R/S of 30,000:1 will bring the available shares down to 5,555 shares. This will not allow for a third 30,000:1 R/S since there not enough shares to make that happen.
I think it is safe to assume that we won’t rise to 5T shares (my numbers say 10-15B tops). We will then either have one R/S that is large (hard to believe it will be above 10,000:1) or several small R/S (the totality of which will be about 10,000:1). This isn’t great news, but touting 5 qty 30,000:1 R/S is mathematically impossible.
Not a huge sell off. Not much volume. It’s a bid dive the mm’s are orchestrating to shake share loose...
That was as of 6/15 before the high volume craziness begins. I expect it to be much higher.
Picked up 21s and then went back for 22s.
They are selling to themselves on the bid (the lower price). Essentially they shorted the stock about 10 days ago. Now they have to cover. So they short the stock again to cover the short that is coming due. It resets the clock for them, but... it will come due again in 10 days. That is the next leg I was referencing. This pps will bounce up as all the MMs cover and we will have a new pps level that will eventually need to cover.
That’s why I think we have another leg after this one. They are shorting today to cover tigers shorts from two weeks ago.
No issues here from me. You need to be comfortable with your trades. Watch the patterns on the chart and jump back in on the next leg.
ETRF is trying real hard today. They must be in a world of hurt.
Ive offered them my shares. Even have sell orders out so they can grab them. They just need to pay my PPS, not their’s ;)