Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
3 MM showing bids above yesterday’s close Level 2 prior to market open.
Highest bid MM NITE 2500 shares @ $0.31
Yesterday the big buyer was also MM NITE scooping up about 200k @ $0.30
MM CDEL does not post bid/ask orders prior 9.30am so prob will take out higher BIDS initially at open but good chance MRGE price bottomed and jumps above resistance levels today
FORTITUDE GOLD INCREASES MONTHLY DIVIDEND FIFTY PERCENT
Colorado Springs, Colorado – May 4, 2021 – Fortitude Gold Corp. (OTCQB: FTCO) (the “Company”) today announced it has increased its monthly dividend 50% to $0.03 per common share, or $0.36 annually. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.
The $0.03 per common share monthly dividend for May 2021 is payable on May 28, 2021 to shareholders of record as of May 17, 2021.
“We believe that earnings are opinion, cash is fact,” stated Fortitude Gold’s CEO and President, Mr. Jason Reid. “The Board of Directors is pleased to reward shareholders with a fifty percent cash dividend increase, which reflects our ability and confidence to generate significant free cash from our high-grade Isabella Pearl gold mine. The Company is delivering on strong operational performance, strong production numbers and an increasingly strong financial and cash position. This has allowed us to invest in the Company and reward shareholders with both a solid exploration budget targeting additional deposit discovery and mine life coupled with returning significant monthly cash dividends. Fortitude Gold is poised to not only reward current shareholders with a thirty-six cent per share annual dividend but is likely to attract new shareholders who seek dividends and yield. Our objective is to transcend valuations based solely as an equity investment and garner a market premium dividend yield valuation.”
Excellent ~1.5million share volume today, absorbing a lot of selling inventory (unfortunately at a supply/demand balance 20% below yesterday’s close)
My additional buy orders @ $0.25 didn’t fill and once the MM CDEL 270k block @ $0.262 started to get buying attention I moved my buy price up and filled additional shares.
Clearly I was wrong and the selling was NOT over last Friday BUT with a little continued follow through buying @ASK side there is a chance for even price close IMo
Good luck!
MRGE shareholders clearly stepped up here today and absorbed close to 1.5 million shares. MRGE price needs a solid bounce here above $0.32 better $0.327 to recapture MA support IMo
You have dealt with the note issue more than me and know more BUT it would be easy for any note holder to simply sell short into the market prior to exercise of shares and lock gains in. At share delivery they post a cross trade and close short with delivered shares.
I know the legal rule is they can’t sell while company is NOT in compliance but sure they have their ways around it ;)
Either way, glad we were able to pick up some cheap shares & looking forward to next up move
It used to be MM OTCX and MM INTL that indicated note sellers but as poster jackpot pointed out MM CDEL appears to have picked up a slice of that business as well.
MM CDEL had lots of volume to sell lately and it’s possible that’s note related already and that scenario would fit with today’s flush out of rest inventory. Might have been the order to be sold by end of April likely.
My chips are on end of note! Bought additional trading position in high $0.20s and just added another 5k high $0.31s.
mM ETRD had earlier tried to sell a 100k block and failed/pulled it. That’s prob same 70k block by MM ETRD that’s sitting @$0.32.
Without that big swing Azz (stupid trader) MRGE should have bounced back up to $0.34 already where MM OTCX has been sitting throughout all of this noise today
All my opinion
As a longtime shareholder I have a slightly different outlook.
Note - short term negative selling pressure with NO longterm implications
Q report - boring, won’t bring much to light except updates on notes/conversions etc but only shines light on past
News - could be small or mayor BUT it changes the tune/set up in a big way with longterm implications
Let’s not forget relative $$$size either! Notes vs our projects and future possible cash flow
Bottom line, notes are a necessary evil but only represent short term blips in stock price and once liquidated news trumps ALL! It’s a buying opportunity, always has been here since 4 cents ;)
Thank you,
MRGE has its patterns
https://stockcharts.com/freecharts/gallery.html?MRGE
Any spike down through the ma(200) on the daily was followed WITHIN DAYS of 100% MOVE UP (Jan 2021) and 50%+ (feb 2021) with the latter move continued to run up another 70%+ by mid March.
Important note on technicals, the down spikes have higher lows (including today’s) and the following spikes up posted higher highs.... that would indicate MRGE to target above $0.57
MM INTL had 200k sell order for a while @ $0.40 it’s gone now so obvious the 200k share flush was that order cleaned out
Filled part of trading position on spike down to $0.28.
Mhm, as predicted as a good chance yesterday it could happen.....
Final washout before another rise of MRGE
MRGE testing MA (40) @ $0.325 on the weekly chart, MA (200) @ $0.317 on the daily prob gets tagged too
Nothing MRGE shareholders have not seen before and standard procedure to weed out stop losses prior to technical bounces. Unless real news triggers spike in price.
Any stop loss trigger event bringing prices into the $0.20s is where trading positions be filled back up and with target $0.35+
Lol,
There is YOUR agenda.... create doubt & uncertainty so others sell....
And then you buy back lower what you sold higher!
Shame on YOU!
OXFORD BANK CORPORATION ANNOUNCES FIRST QUARTER 2021 OPERATING RESULTS
OXFORD, Mich., April 28, 2021 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced record operating results for the first quarter ended March 31, 2021.
The Company's quarterly consolidated earnings for the three months ended March 31, 2021, were $3,088,000, or $1.35 per weighted average share compared to $1,387,000, or $0.61 per weighted average share for the same period one year ago.
Total Assets of the Company increased to $757.0 million as of March 31, 2021 from $691.1 million at December 31, 2020 and $513.6 million at March 31, 2020. "The increase in assets was due to the Bank's continued participation in the PPP program in 2021 resulting in the origination of an additional $96.9 million in SBA Paycheck Protection Program ("PPP") loans assisting 591 community members through the financial difficulties of the ongoing pandemic." reported CEO David P. Lamb. As of March 31, 2021, the SBA has forgiven $115 million of the PPP loans and those loans have been paid off so the Bank recognized the remaining income and expense associated with subject loans.
Net loans increased to $575.8 million at March 31, 2021 from $325.6 million at March 31, 2020. New PPP loans represented 69% of new loans with 31% new non-PPP commercial loans. Non-PPP loans were up 88% in a YTD over YTD comparison. The Company paid down its PPP liquidity facility with the Federal Reserve to $19.2 million as of March 31, 2021 and anticipates that the facility will be paid off during the second quarter 2021. Total deposits, bolstered by the PPP program and the new customers obtained during the PPP programs, increased to $675.8 million at March 31, 2021 from $462.6 million at March 31, 2020.
The Company's total Shareholders' equity increased to $56.7 million as of March 31, 2021, representing book value per share of $24.96, compared to total Shareholders' equity of $48.3 million, or $21.13 per share one year earlier. The subsidiary Bank's Tier 1 capital totaled $56.5 million as of March 31, 2021, or 14.3% of risk weighted assets compared to $47.5 million, or 13.0% of risk weighted assets as of March 31, 2020.
"Although the second round of PPP during the first quarter was another unqualified success for our team, management is just as proud of the team's superior performance originating new non-PPP business and personal relationships," reported David P. Lamb, President & CEO. "And I don't want to undersell our PPP performance as in a little over a year's time, our team closed almost 2,000 PPP loans totaling just under $350 million. Different than most of our competitors, our team decided we should directly originate the majority of the 2021 round of PPP requests instead of simply referring to a third party. We did refer some prospective clients to a third party (for a fee) due to balance sheet capacity constraints but that decision further solidified our brand of relationship with our existing and new customers again. Our reason for being is to help people and our team continues to demonstrate they fully live that philosophy."
Lamb continued "Net income in the first quarter continued to benefit from the loan forgiveness process which accelerates the amortization of the PPP fees. The PPP fees are included in interest income. The Bank also continues to provision to the ALLL because of the still high level of uncertainty, albeit at a lower level than in 2020. Management will continue to review and analyze appropriate level of reserves as asset quality metrics don't justify levels today. Based upon the continuation of the positive trends, we anticipate our provision expense will be lower in the coming quarters. We are definitely excited about the future subject to our typical banker reticence that the future holds significant challenges from margin compression to technology investments."
Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company. It is the oldest commercial bank in Oakland County and operates seven full-service offices in Clarkston, Davison, Dryden, Lake Orion, Oakland Township, Ortonville and Oxford. It also manages business banking centers in Wixom, Owosso, and in downtown Oxford. The Bank has operated continuously under local ownership and management since it first opened for business in 1884. For more information about Oxford Bank and its complete line of financial services, please visit www.oxfordbank.com.
Except for the historical information contained herein, the matters discussed in the Release may be deemed forward-looking statements that involve risk and uncertainties. Words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "project", or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Factors which could cause actual results to differ, include, but are not limited to, fluctuations in interest rates, changes in economic conditions of the Bank's market area, changes in policies by regulatory agencies, the acceptance of new products, the impact of competitive products and pricing and the other risks detailed from time to time in the Bank's and Corporation's reports. These forward-looking statements represent the Bank's judgment as of the date of this report. The Bank disclaims, however, any intent or obligation to update these forward-looking statements.
Contact:
David P. Lamb, President & CEO
Phone:
(248) 628-2533
Fax:
(248) 969-7230
SOURCE Oxford Bank Corporation
Related Links
www.oxfordbank.com
Aggressive dumping??
Absolutely opposite! One or two shareholders deciding to reduce holdings is NOT dumping and far from aggressive ....
MM CSTI has some to sell to and undercuts MM CDEL.... the selling competition
200k BID @ $0.345 support
Now MM CDEL dropping 50k blocks onto the BID....
Same again another 25k block by MM CDEL posted @ BID side to sell ...
Probably one single seller MM CDEL selling out.
Started with 50k block into Bid at the opening minutes.
Since then another 25k block and just now 10:56 another 25k block into Bid.
That’s sad truth but not surprising
Switch to tequila and/or cool aid ;)
??
All the other investors you got in who harass you daily or wanted you “dead” now they all did their OWN DD??
Either your story is a “little” on the shaky side or my understanding/DD of MRGE in Mexico @ Riviera Maya drinking tequila is getting too deep.
Either way, good luck!
Day trading vs. machines MUCH harder than solid DD and longterm investing IMO
Congratulations!
You “read every article posted” your DD is to keep up with posted articles on iHuB, that’s impressive!
Sorry to hear your penny stocks are 90% fraud, something REAL DD should uncover PRIOR to throwing $millions$ at it. Read past the iHUB good night stories for better results
10million shares or about $4,000,000 in your group bought based on
“Based on the story and rumors they sunk in each a nice chunk”
A good night story you read on iHub? Rumors some anonymous poster sent you in a PM???
What happened to do your own DD? Read & translate your own Mexican articles, gov docs, Pemex and CFE public disclosures & plans!
Your group is scary and no wonder everybody is nervous and “threatening” you since there is NOT a single piece of Personal verified due diligence backing up your investment decision
SMH
Who cares what is rumored?
Pay attention to the REAL facts:
1.) Mexico is in dire need of MRGE full spectrum solution from pipeline infrastructure to natural gas supply to storage capacity. Mexico does NOT have to expertise, capital OR time to do it themselves even though AMLO prefer it! (Hint of a private player)
2.) cold hard fact, look at the BIDs absorbing 25k, 50k and 100k blocks! That’s NOT chump change and the BUYER is not simply buying “air or a promise or a rumor”! BUYING that size consistently every day and every dip adds up to $100,000s position size! That should give EVERYBODY some comfort in Their DD!
3.) who is selling? Probably profit takers that sit on 2000% gains and worry about tax reform changes, or investors with limited time horizon (have to buy the wife a new ring for her birthday got to sell 50k MRGE), and least but not last THE NON believers OR the quick traders.... the one here for the quick buck with no patience and they want to hop onto the next “instant rich lottery stock pick”
Bottom line....
Call & talk to Ward or Brian @ Rubinstein, do your own DD. Patient Investors have done phenomenal with MRGE stock!
If you are impatient or the story stinks (per “worth walk or take a hike”) , if you can’t sleep and/or keep whining.... PLENTY of BIDs to sell into and be done with it
Solera National Bancorp Announces First Quarter 2021 Financial Results
Company Release - 4/22/2021 9:00 AM ET
Total assets pass $500 million milestone
LAKEWOOD, CO / ACCESSWIRE / April 22, 2021 / Solera National Bancorp, Inc. (OTC PINK:SLRK) ("Company"), the holding company for Solera National Bank ("Bank"), a business-focused bank located in the Denver metropolitan area, today reported financial results for the three months ended March 31, 2021.
Highlights for the quarter ended March 31, 2021 include:
Pre-tax, pre-provision income remained steady during first quarter 2021 at $3.2 million compared to $3.3 million for fourth quarter 2020.
Net interest income of $4.3 million for first quarter 2021 represents a 61% increase over the $2.7 million earned in first quarter 2020.
Tangible book value per share reached $11.40 per share as of March 31, 2021 compared to $10.06 per share as of March 31, 2020.
The Company's impressive efficiency ratio of 32% held constant throughout fourth quarter 2020 and first quarter 2021.
Net interest margin declined 25bps from the linked-quarter to 3.79% for the three months ended March 31, 2021. A significant portion of the Bank's loan growth for the quarter was Paycheck Protection Program (PPP) loans that yield below the Bank's commercial loan portfolio.
The Bank funded 518 new PPP loans during the first quarter totaling $78.7 million in new originations.
Noninterest-bearing deposits rose another 16% during the quarter to $272.3 million, a $37.1 million increase over the linked-quarter, and a $102.6 million increase since March 31, 2020.
Asset quality remained strong with a modest level of criticized assets of 3.32% of total assets and nonperforming assets of 0.17% of total assets as of March 31, 2021.
For the three months ended March 31, 2021, the Company reported net income of $2.0 million, or $0.47 per share, compared to net income of $1.85 million, or $0.43 per share, for the three months ended December 31, 2020, and net income of $723,000, or $0.17 per share, for the three months ended March 31, 2020.
Martin P. May, President and CEO, commented: "The accomplishments of our 40-person team continue to amaze me. We processed another nearly $80 million in PPP loans all while keeping up with our ever-increasing customer volume. We are continually striving to make enhancements to our products and services and truly set the tone for how to provide quality banking for our customers. Our results quarter-after-quarter provide an unbiased measuring stick - we are gaining customers and growing revenue."
Operational Highlights
Net interest income after provision for loan and lease losses was $3.74 million for the quarter ended March 31, 2021 compared to $3.26 million and $2.19 million in the quarters ended December 31, 2020 and March 31, 2020, respectively. The Company recorded provision for loan and lease losses of $605,000 in first quarter 2021 compared to $782,000 and $506,000 in the quarters ended December 31, 2020 and March 31, 2020, respectively. The provision for loan and lease losses during first quarter 2021 was primarily due to the growth in the traditional loan portfolio.
The Company's net interest margin in first quarter 2021 was 3.79% compared to 4.04% in the linked-quarter and 3.86% in the first quarter 2020. Chief Financial Officer, Melissa K. Larkin reflected: "Short-term interest rates continue to be devastatingly low, which has dampened growth in interest and fees on loans and created margin compression. Gross loans outstanding (both PPP and traditional) grew 28% quarter-over-quarter but interest and fees on total loans grew only 4.5% during this same period. Despite the drag on yield, the PPP loans have been very positive for the Bank, contributing nearly $1 million in interest and fee income to the Company during first quarter 2021 and more than $3.0 million in interest and fee income over the last 12 months."
Total noninterest income declined to $368,000 for first quarter 2021 from $650,000 in fourth quarter 2020 and increased from $210,000 in first quarter 2020. Fourth quarter 2020 was bolstered by $400,000 in gains -- $316,000 from the sale of investment securities and $84,000 from the sale of a loan. Comparatively, the Company recorded gains on the sale of available-for-sale securities of $48,000 in first quarter 2021, and $15,000 in first quarter 2020. Customer service fees increased a dramatic 158% from $80,000 for the three months ended March 31, 2020 to $206,000 for the three months ended March 31, 2021 due to the increased number of customers serviced by the Bank and expanded product offerings. Mr. May reflected, "Increasing noninterest income has been a strategic focus of the Company for the last several years. Although we still have room to improve, I am very pleased with our progress, especially the growth in the last twelve months."
Total noninterest expense of $1.51 million in first quarter 2021, increased from $1.41 million in the linked-quarter and $1.46 million in the first quarter of 2020. The majority of the increase was due to an increase in total assets which caused FDIC insurance expenses and OCC assessments to increase, coupled with higher data processing expenses due to the steady flow of new customer accounts. Even during this period of rapid growth, noninterest expense, as a percentage of average assets, have steadily improved at 1.22% for first quarter 2021, compared to 1.35% for fourth quarter 2020 and 2.01% for first quarter 2020.
Robust revenues, coupled with controlled noninterest expenses, allowed the Company's first quarter 2021 efficiency ratio (noninterest expense divided by the sum of net interest income and noninterest income) to remain at the 32% achieved during fourth quarter 2020. The efficiency ratio for the three months ended March 31, 2021 was 32.26%, compared to 32.94% for the quarter-ended December 31, 2020, both of which were a significant improvement compared to 50.61% for the three months ended March 31, 2020.
The Company's income tax expense has remained steady at approximately 23%, which is a combined rate of 21% for Federal and approximately 4% for State, aided by tax concessions on tax-exempt securities. The Company recorded income tax expense of $601,000 for first quarter 2021, compared to $649,000 for fourth quarter 2020 and $213,000 for first quarter 2020.
Balance Sheet Review and Asset Quality Strength
Total assets of $551.12 million at March 31, 2021 increased 26% from $435.79 million at December 31, 2020 and 84% from $300.26 million at March 31, 2020. The majority of this increase came from an increase in loans - both traditional gross loans, which grew $36.12 million, or 13% since December 31, 2020 and PPP loans, which grew 83% or $61.40 million during this period. A $21.20 million increase in investment securities, available-for-sale, also contributed to the overall growth in total assets.
As a percentage of gross loans, the allowance for loan and lease losses remained relatively constant quarter-over-quarter at 1.79%, or $5.50 million, as of March 31, 2021, compared to $4.90 million, or 1.81% at December 31, 2020. Compared to the first quarter of the prior year, the allowance for loan and lease losses has increased 24 basis points, from 1.55% of gross loans at March 31, 2020. This increase is to account for the economic uncertainty from the COVID-19 pandemic, which continues to place financial stress on some borrowers. Total criticized assets of $18.29 million at March 31, 2021, declined marginally compared to the linked-quarter, down $1.12 million from $19.41 million at December 31, 2020. Criticized assets to total assets remain controlled at 3.32% of total assets as of March 31, 2021.
Commercial and residential loans past due have remained inconsequential for all periods presented, with the only notable past dues coming from the student loan participation pool. $2.41 million of the $14.36 million student loan participation pool were 30 days+ past due at March 31, 2021. Of the $2.41 million past due, $1.99 million were 90 days+ past due as of March 31, 2021. The student loans are backed by an approximate 97.5% guarantee of the U.S. Treasury under the Higher Education Act of 1965. This guarantee includes all principal and interest so net credit losses in this portfolio are expected to be minimal. Additionally, the Bank purchased the pool at a discount making the Bank's maximum exposure to credit losses slightly less than 1%.
Total deposits at March 31, 2021 were $445.18 million compared to $382.15 million at December 31, 2020 and $253.20 million at March 31, 2020. Noninterest-bearing demand deposits of $272.29 million, which represent 61% of total deposits at March 31, 2021, increased $37.12 million, or 16%, versus the linked-quarter, and increased $102.56 million, or 60%, from $169.73 million at March 31, 2020.
To support the increase in PPP loans, the Company utilized short-term borrowings, primarily from the FHLB, which ended the first quarter 2021 at $34.13 million borrowed. Ms. Larkin stated, "Our healthy core deposit growth has enabled us to invest in traditional commercial loans and investment securities. Additionally, the Company contributed significantly to the needs of small businesses across the country through PPP lending. Our strong capital ratios and dedicated team members aided our ability to successfully deploy another round of PPP funds to struggling businesses."
Capital Strength
The Bank's capital ratios continue to be in excess of the highest required regulatory benchmark levels. Last year, the Bank elected to adopt the community bank leverage ratio (CBLR) as allowed by federal banking agencies for qualified institutions. The CBLR provides for a simple measure of capital adequacy and is calculated by taking Tier 1 capital divided by average total assets for the quarter. Solera calculates the CBLR using Bank-only financial statements. As of March 31, 2021, the Bank's CBLR was 10.1%, which is above the required 9% minimum to qualify for using this simplified method. The Bank's CBLR was 11.3% at December 31, 2020 and 13.4% at March 31, 2020. The declining trend is a direct result of asset growth. Removing PPP loans from the Bank's balance sheet, the Bank's CBLR would have been 13.1% at March 31, 2021 and 14.2% at December 31, 2020.
Tangible book value per share, including accumulated other comprehensive income (loss), was $11.40 at March 31, 2021 compared to $11.23 at December 31, 2020 and $10.06 at March 31, 2020. Total stockholders' equity was $48.92 million at March 31, 2021, compared to $48.03 million at December 31, 2020 and $41.70 million at March 31, 2020. Total stockholders' equity at March 31, 2021 included an accumulated other comprehensive loss of $512,000 compared to a gain of $751,000 at December 31, 2020 and a gain of $560,000 at March 31, 2020. The fair value of the Bank's available-for-sale investment portfolio has declined since December 31, 2020 due to an increase in longer-term interest rates.
The Company's retained earnings continued their steady climb, reaching $10.72 million at March 31, 2021, a 206% increase from $3.51 million at March 31, 2020. Mr. May reflected, "The consistent contribution of capital from earnings is key to the Bank's balance sheet growth and continued improvement in return on equity. We are proud to announce to our shareholders that we are performing in the upper quartile of our peers with a 16.54% return on average equity for the first quarter of 2021. We are also pleased that our hard work is translating into an increase in the stock price. The Company's stock closed the first quarter of 2020 at $9.00 per share, which was approximately one dollar below book value per share. Today, SLRK stock has gained 41%, ending first quarter 2021 at $12.70 per share and $1.30 above tangible book value. The fruit of our labor is encouraging to see."
About Solera National Bancorp, Inc.
Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve as the holding company for Solera National Bank, which opened for business in September 2007. Solera National Bank is a community bank serving the needs of emerging businesses and real estate investors. At the core of Solera National Bank is welcoming, attentive and respectful customer service, a focus on supporting a growing and diverse economy, and a passion to serve our community through service, education and volunteerism. For more information, please visit http://www.SoleraBank.com.
This press release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this release, which are not historical facts and that relate to future plans or projected results of Solera National Bancorp, Inc. and its wholly-owned subsidiary, Solera National Bank, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. We undertake no obligation to update or revise any forward-looking statement. Readers of this release are cautioned not to put undue reliance on forward-looking statements.
Source: Solera National Bank
Contacts: Martin P. May, President & CEO (303) 937-6422
Melissa K. Larkin, EVP & CFO (303) 937-6423
- tables deleted -
https://ir.solerabankonline.com/news-and-market-data/press-releases/news-details/2021/Solera-National-Bancorp-Announces-First-Quarter-2021-Financial-Results/default.aspx
New all time high $13.00 decent 3,800 share volume as if 11.30am
Excellent macro summary and describes the solution/puzzle piece MRGE can provide for ALL!
Reason for public company
- access to capital
Please explain your comment of “no support”?
MRGE price performance is all about long term support since there is no 8k or official Mexican press release yet?
So “no support”?
Try again
Sold out in $14s today. Still looking for news causing spike other than CZBS now avail on stock charts . Com
Mexico needs pipeline infrastructure updates / investments
Let’s hope they get this fire under control quick
https://www.zerohedge.com/commodities/major-fire-pemex-refinery-mexico-leaves-seven-injured
Typical washout of supply!
Last couple days multiple 20k-40k offers accumulated on the ASK.
This morning you have a big buyer step up and says here is my BID unload all the weak hand sellers & profittakers along with the quick hands that probably sold 20k block hoping to pick it up lower.
Once all these blocks are cleared out, that was the overhead resistance and it takes only a little buying pressure now to hit high $0.4s
Wide bid - ask spreads can make for some volatile % swings either way. In addition MM CFGN showed up boxing (high bid low ask) and MM CDEL posts more supply at higher ASK (could be note related looking at Macods restricted vs unrestricted change)
Just small trading games along the way to higher prices IMO!
Keep the eye on the big picture and urgent need for Mexico to stabilize their electricity grid!
FYI from private msg question
MM CDEL
Market Maker Citadel Securities
Learn more here
https://www.investorsunderground.com/level-2/market-makers/
Ancient long timer holder here. Plenty shares locked up& waiting for true potential to unfold!
That will be ALL 7 locations open & fully operating @100% cap. Along with first dispensary (more like 2 locations) up & earning $$.
In addition looking for US expansion project to kick back in!
Rogen & Ben will be coming through on the audit / financial front and continue to increase shareholder value.
Spin offs, lottery ticket wins, free Happy Hour beers.... all be just bonus
Agree on MM CDEL
Filled additional $0.036
100k sell block posted by MM CDEL....
Many people dream of beaches, tacos, tequila, etc.... I’m just dreaming of couple trading days without MM CDEL
Lol
Actually filled $0.036
75k block buy @ ASK! Excellent
1st hour solid 500k+ volume, MM CDEL supplying sell volume on the ASK side after the initial spike BUT multiple MMs were on the BID action this morning.
Volume slowing down so expect some price retrace. Need another buying wave to test $0.50 today! Holding price above $0.45 for today be strong anything above $0.46-$0.47 and there is more than a rumor pushing this IMO
MM CSTI now on BID @ $0.38 for 40k, let’s see if that kicks buying into end of trading
Trading MRGE
Yesterday good buying interest with multiple nice buys @ ASK up to $0.40 price. MM CSTI posted 100k block for sale @ $0.40 to stop up move momentum.
Then the all telling 100 share bid whack sale in the last 30sec closed MRGE @ $0.38 instead of $0.40. Always an explanation for a late ASK print, investor wants to close on higher tick to have his portfolio look nicer.
Downtick would indicate the opposite so good for shorting, but since shorting is minimal here it’s more accumulation at lower prices IMO.
Sure enough small bid sales this morning trading @ $0.36-$0.37.... any MRGE shareholder that sells this morning at these levels while yesterday it was knocking on $0.40 level is doing it wrong! More likely a nice buying coming later into long weekend IMO
Add $18.95 PM