Using my prodigious powers of evil to only do good
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Nasdaq shows it a bona-fide After-Hours trade, too:
https://www.nasdaq.com/symbol/rshn/after-hours
Yeah, whatever; when RSHN is past $.0050 or $.0060 or, perhaps, even $.0070 by this time next week, whether it closed down $.0001 or $.0002 today won't really matter, now will it?
E*Trade shows "last trade" of 140000 shares @ $.0030 at Time-Stamp 16:00:39, thus down $.0001
Indicator,Tick,Price,Size,Time,Exchange
T,,0.003,140000,16:00:39,V
T,,0.0029,300000,15:59:43,V
T,,0.0029,5000,15:59:11,V
Time to invest in a better data source, there, billyboy?
A normal, healthy, and very-much-needed consolidation which might last another day or two; the volume at just over 73 million was 1/3 of the 5-day weighted average volume, classic "consolidation" behaviour.
The fact it closed down only $.0001 speaks for itself, especially considering the recent run-up.
They're doing what's known as a "Shareholder Rights Offering"; these aren't as common as they used to be since Private Placements have become more popular, but they seem to be coming back into favour.
An SRO means Existing Shareholders in the Company making the SRO get to purchase Shares at a Discount to market price usually 85% of MP; plus, Shareholders are often given "over-Subscription" rights, meaning they can buy additional Rights other investors don't want, for whatever reason.
SRO's are a great way for a Company to let its existing Shareholders be the Company's Investment Banker instead of the usual Vultures.
Two such SRO's back in 1998/99 saved TransGlobe Energy during its darkest hour, and it's now listed on NYSE, Nasdaq, and the London AIM. I know because I was one of the TGA Shareholders who participated, and I'm still holding some of those share I bought for $.15 ( yes, fifteen cents ) and they're now worth $3.37
A very nice and very-much-needed low-volume consolidation here in the high 20's / low 30's. Another day or two will relieve a lot of the "froth" that's been building during the recent run-up and get things set up for the next advance into the 40's and 50's.
Classic action; no cause for any concern whatsoever.
Seen this so many times before with WHEN; it's the classic "flush-before-the-run" gambit. When the news hits - and you may be assured there's 'news' on the way - this always goes off like a Roman Candle.
Once the trip-4's are gone, it's trip-8's, easy, and then who-knows-where beyond that; it will depend on the substance of the impending 'news'.
"Luck"? That's when preparation meets opportunity. So be prepared.
Imagine how well marijuana-flavoured ice-cream would be received!
Volume will come; the next Q should start to reflect the "M-B effect" and that will be the 'wake-up' call.
Such activity is the classic "hint" of "somebody" front-loading as quietly as they can so as not to attract too much attention.
When the trip-fours fall, this will fly.
The sad reality is that until all the StuckHolders from the BadBob days are churned out, this is going to have a tough row to hoe, because all those folks are sitting with their finger on the "Sell" button saying "Please [ Deity of Choice here ] just give me 'dub-zero-one' and I'll never buy a cheapie again" ( as their nose grows another inch or two. )
But that's it and that's the puzzle: how many more to blow away at dub-zero-one before this will finally fly? There's a Nobel Prize waiting, so don't be shy.
It'll run to $.0008 pretty easily; after that, it will have to prove itself with whatever news this volume is hinting is ".. in the wind".
You might want to take a close look at Level 2, there, 'Kize; the ASKS are piled sky-high waiting for Roth's Bagholders; it's a veritable "Disaster Looking for a Place to Happen" ( and it will, soon )
This is the worst possible news you could want. Roth Capital was the lead Underwriter for the recent middle-of-the-night "suprise, surprise, surprise!" Share Offering.
What this really means is Roth wants their Institutional Clients OUT OF THIS TRAIN WRECK, so they're putting a "Buy" in front of their RETAIL Clients ( and praying to their Deity of Choice that other "retail" brokers will sucker THEIR Retail Clients as well )
Well, L'il Dei's gonna wanna do her Daddy proud, I'm sure, so this ought to be a quite a show as she pulls out all the stops; we'll see how far her crooked little apple fell from the treee.
News out; "sole director" Dei Lanza calls "Board meeting" ( har, de-har-har-har ) and appoints some figurehead named "Phillip(sic) Duchamp" ( who does appear to be a legitimate physician / anesthesiologist ) as CEO; interesting, though, that the "Dr. Philip Duchamp" who seems to live in Dallas ( near the new Perp HQ of Rockwall TX ) spells his "Philip" with only one "l" ( ell ) and the NR spells it with two; I guess when you're a Busy Perp you don't have time to check trivial things such as how your SockPuppet spells their name.
so, with a Doctor on board to run interference, they're probably going to play the "pot" card.
( BDGR ) Black Dragon Resource Companies, Inc. Appoint New Chairman and Interim CEOFont size: A | A | A
12:09 AM ET 6/11/18 | Dow Jones
Unanimous Consent of Directors in Lieu of Special Meeting of The Board of Directors of Black Dragon Resource Companies, Inc.
ROCKWALL, TX / ACCESSWIRE / June 11, 2018 / Pursuant to the provisions of Delaware Business Corporations Act, as amended, the undersigned directors, being all of the directors elected to the board of Black Dragon Resource Companies, Inc. (OTC PINK: BDGR) , a Delaware corporation, (the "Company"), acting by unanimous written consent, hereby adopt the following corporation resolutions and hereby consent to the taking of the actions set forth therein.
RESOLVED: The Board of Directors hereby unanimously elects Dr. Phillip Duchamp M.D. as a director and appoints Dr. Duchamp as Chairman of the Board.
RESOLVED FURTHER, that the Board of directors unanimously elects Dr. Phillip Duchamp M.D. as interim Chief Executive Officer to serve at the pleasure of the Board.
RESOLVED FURTHER, that the Company's officers are authorized by the Board of Directors to execute all the documents necessary to carry out the resolutions of the Board of Directors contained in these Minutes.
The execution of this Consent, which may be accomplished in counterparts, will constitute a written waiver of any notice required by the Delaware Business Corporation Act or this corporation's Articles of Incorporation and Bylaws.
Dated: June 10, 2018
Dei Lanza, Sole Director
SOURCE: Black Dragon Resource Companies
> Dow Jones Newswires
June 11, 2018 00:09 ET (04:09 GMT)
"Something" has gone horribly wrong; not sure what but, well, fracs can and do fail, sometimes after the frac has been performed.
Bad cement job; failed plugs; the list of Usual Suspects is long but "something"s gone wrong here; if it were good news TRCH would be $1.50 already and climbing higher.
Maybe they can salvage something from the next one; if there is a "next one".
Nothing going on here; just the usual trot-it-around-the-track-once-a-year by some quick-phuque Pack of Perps
"The word" is getting out: "It's a MONSTER!"
"They" haven't gone to their expended effort so far to just do "nothing" and from the looks of it, "someone" is quietly front-loading; so expect a PR blizzard shortly; if these things work as "usual", no-bid trip-zero-one's are usually run up to just over double-zero-"something", i.e. $.0010 or slightly higher.
This makes for a huge ROI for those who were front-loading quietly, so this is probably what's going to happen here as they play the ( har, de-har-har-har ) "blockchain card". ( and -har! )
Ok, I've seen enough; "somebody" is definitely getting ready to TriquePhuque this thing.
Ken had his chance and muffed it BigTime; pray it's a new Pack of MoosePasturePerps with more on the ball than 'ole KennyBoy.
"Somebody" is front-loading as quietly as they can; whom, and for what purpose / duration, remains to be seen. But the signs are unmistakable.
News : going to focus on the Orogrande. Good decision
https://finance.yahoo.com/news/torchlight-energy-announces-plan-market-110000573.html
Here's even better news : they're going to focus on Orogrande
https://finance.yahoo.com/news/torchlight-energy-announces-plan-market-110000573.html