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This has been in downtrend for two weeks, while in a downtrend market, after their lockup period expired.
3mil shares from a hedge fund..good for them it may be a decent entry. Not basing all my risk on a single instutional buyer. They have bought at all kinds of price ranges. This price isn't attractive yet.
I don't think this is done going down.
Sold over 80% of my position. I'll wait for it to find the bottom during all the insider selling.
I know it's normal and I'll wait to buy it back a little cheaper.
Still long with my initial "day 1 purchase". Now I'm going to start better swing trades.
Yes, that is what will drive this forward now.
The usual hype and pump will be associated again at some point, and the Reddit crowd has the ability to take over a ticker if they choose. Smart thing is to know that is happening and it isn't the natural process for the increase.
These are all parts of the game, no different than an OTC PnD. Just have to see the setup and know how it happens.
Patterns happen and can be predictable
Sure the price starts at $10 and CCIV has nothing intrinsic past the paper with a $10 on in.
It is the speculation, as with any stock that got it to where it did. Partnerships, technology, products, and production. This is how any price rises, then add social media.
The part everyone seemed to follow, was the constant hype of a straight merger, price just transfers over.
I won't say "intentional" against that section of retail, but it sure did seem to be.
I'll help some people out. The OTCQB certification checklist was uploaded. This is forward progress, but it is not "breaking news, uplist is happening now!!!" news.
There are plenty of stocks with prices that are unbelievable based on their company's value. This just means investors are willing to pay that premium of a price.
I agree there was, and always will be, horrible advice and wrong advice, then add the deliberately false advice.
The market needs the uneducated and hype, it creates momentum and aids in volatility. This in turns keeps the price from being stagnant.
So my point is, if you jade the momentum traders enough, they won't play the same in a future version of the same thing. How many RH traders are going to jump into a Klein SPAC after watching a 5:59 announcement and having to watch the price crush by 50% until they could enter again at 9:00.
Value of the company is an absolute requirement in making fundamental decision, but it does not have to be as important when weighing the risk of merger news. Merger news is a 50 50 gamble, (they will or they wont). Many people are thinking that the price is going to decrease regardless of which one happens, during a period for which they are on the side line.
That jades people. That is my initial thought... how is this going to affect future SPACs, specifically by Klein/Churchill when a great majority were jaded and might not play. It will not have the same volatility and momentum that allows for high risk/high reward many enjoy in a SPAC.
I started in CCIV at $14.65.. not shorting anything.
It will be interesting to see how CCIV's current situation will affect CCV and other future Klein/Churchill SPACs.
To know you are going to see the same type of happening each time will create jaded investors, and not benefit the long term for continued SPACs with their name.
A 50% decrease on news of the merger vs a 75% drop if the merger was declined. Take your choice... obviously the 50% decrease sounds better.
I think if there is consistency in this type of hyped rise, and ultimate 50% or greater decrease, the SPAC business won't last long, at least the way it has played this past year or so.
I see exactly how you are coming to the statement, though I will argue (not WITH you, but to the point).
I am a firm believer of the Feb 11 increase was to let JoeyG bail with profit.
Interesting that there are more buys than sells, but price keeps crushing down.
There are people in for a lot of money on PASO, I am sure they are doing everything they can to make it go up. When I say a lot, I mean A LOT.
I have followed in here since July. I know when some bought in, and then post about "Buying the dips" and "averaging down" over the months this thing tanked.
I know some people personally that put almost everything that had in their world on this ticker.
I suppose if I was in that boat, I would try to make this go up too.
Joey?
Joey?
....are you here?
Ah, nevermind.. you must be busy
There are telling changes from the Feb 13 attorney letter and the Feb 23 attorney letter.
Take a side by side comparison read of it. These aren't updates, these are corrections due to the false information in the Feb 13 letter.
One major correction is losing the phrase
Over 310mil shares traded today, closing up 15% and climbing AH.
I am not unimpressed by this after the lockup period expiration. It sure could have gone all kinds of bad.
Thank you Mithril, somehow I think you were involved in the save.
I provide very real challenge on the information about the company.
People want to argue about unsubstantiated claims, hopes, beliefs, wishes?.. They should 100% be prepared to receive reality in return.
Emotional investors argue a position that is meritless, only on a platform of "because I'm right".
Agree, though charts are hard in this case as it is not a moving ticker, and is reactionary to a very small amount of volume and transaction.
I have been testing how it works for about 2 months now.
I have 10s of 1000s of shares. It is almost impossible to make a transaction because it makes the price move with a single order so far it prices out a Limit order. I have had to develop a logical order to buys and sells to make it both profitable and realistic in the amount of work it takes.
Try to buy or sell 1000 shares and see.
This will not be easy to buy if some momentum starts, and will be almost impossible to bail if it tanks.
I will show in a few minutes and post when I am going to make a simple 1000 share buy and show you how it raises the price that easily.
That is a positive, agree
Sure can, I know this game.
I do appreciate your wisdom though
Looking forward to help the new VMNT investors understand the risk and rewards
I hope people realize uplist to OTCQB is not a golden ticket.
Looking forward to seeing the audited financials. All that's ever been released is unaudited.
It's fun to be right.
Sorry Keanu wannabe, "hate us cuz they ain't us"
I'm mobile right now and don't have my research in front of me to provide the exact dates and numbers.
JoeyG and JAG Capital has the majority of 144 list shares. From the previous financial report his shares cleared 10 Feb.
From this last financial report he purchased 6mil shares in September. Therfore he could dump all but this 6mil shares at any time. No duty to report, so we'll never know when he did/does.
Sure, may be standard phrasing, but if it is not truthful, then worse then not incorporating in first place.
I'm not saying I'm correct, nor arguing it. Only laying out a very plausible case.
I understand your reasoning, and I would tend to agree. I disagree in this case because of how I make my case that JoeyG sold enough to become less than a 5% shareholder in order for the statement to be "truthful" in the lawyer's PR.
If that PR gets them to current from yield, then bonus. If current gets them an ability to pump to a much higher number, then JoeyG's 6mil shares will net him way more than PASO staying in Yield sign and the lawyer saying a 5% shareholder may be under investigation.
Was done for the merger.
Bruce, merger is off, conduct a buyback.
That "hacked" account was rough, huh. Was a "wacky" day for sure.
While it can possibly mean multiple things.. as you can see there is nothing on the page but 3 lines... One possible meaning is that HSTA is now qualified to receive payment for their securities. There has been no trade history for them and they appear to have been in a "frozen" state.
Coincidence? maybe. Would I buy because if this.. no. This is only factual documentation that can mean something, but what the something is has not been made available yet.
At least one of my positions is in a good place today....
Hestia's SEC Notice of Qualification filed today should change that.
https://www.sec.gov/Archives/edgar/data/1813603/999999999421000030/9999999994-21-000030-index.htm
Yes he sure did.
JG, let me know when you need some help. I've offered before and you refused. Maybe you wouldn't be in this pickle had you taken me up on it.
Including any NDAs that were reportedly signed.
Stickied as a compliment to being worth reading here.
Quite the PR that PASO put out as well.
JG, you still have a great webpage, though no change to the typo I previously pointed out. Maybe when you finally make yourself public, you can tell us about it.
Set as sticky.
I feel for those PASO shareholders. It looks like they will have a rough day tomorrow. I hope their new clinic can help them out down the road.
Good luck.
:)
Not seeing any posts about any selling.
Enjoy your trades.