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It’s a good story but a lot of this is a short squeeze similar to I think GME and you know where that went.
Over 2 million shares just slammed onto the bid
Half the trades today were fake just MM selling back and forth to ladder it down.
They probably won’t be able to and this sets up next leg up. They ripped it higher than it probably should have gone in one day knowing they were gonna get killed so they can pull it back to a more reasonable one day run and cover.
MM probably got very short filling orders yesterday and they are trying to bang on the bid hoping they get sellers. It’s a good setup for a big squeeze higher as long as buying continues.
I got back into this because of your advice. Happy I did. Can you please add some of that same luck onto MRGE now lol?
Fidelity lets you buy which is shocking considering they are usually most conservative
Usually they are on retainer and it entitles the company to a certain number and type of releases on a periodic basis
I wouldn’t chase this. I have a feeling it’s gonna get stepped on. Let it come back to you.
I understand this isn’t the first time this has happened. It’s negligent of the CEO for this to happen. I don’t care what the reasons. It just adds another obstacle.
No actually I sold when it was over .02 and bought 3 million shares back under .008
I’m a noob ok. So you think it’s just fine that no one can buy this stock right now or at least fidelity and I’m sure others shortly if not already are blocking purchases? This is a formula for decimation of the stock but speaks volumes to the leadership in the company.
Waiting for someone to spin this in a positive way. Please do because this allows sellers to sell and no one can support the bid or average down.
This is very bad. You can’t buy this stock now. The bid up today was a trick so someone could dump knowing this thing is now restricted
I’ve said the same thing. He hired a great PR firm and the point of having them is to create PR. It does not have to be material, it could be totally benign but just letting us know they are still moving forward on plan. I’ve never seen anything like it and it’s not because it’s a penny stock in fact they usually do a great job at PR.
Back in for 5000 shares at 9.69
Now it’s interesting someone stepping up on the bid for 97500 at .28 when they could have gotten that cheaper earlier. Let’s see what happens.
That’s 12 people buying like 25k shares each. I bought some and as I read a few others on the board did. It’s bullish if new blood buys it might be called ‘throwing good money after bad’ when the koolaid drinkers buy.
Are you agreeing or disagreeing?
Meaning the rumor mill working in conjunction with those wanting to unload their shares
Stock is down 18 percent means demand is lower than supply. There’s 200k on the offer if this story is intact someone in the know would be slamming that in one large chunk. Trading behavior that looks like this is not what you see with an imminent bust out on a material event - too many people would know and you’d see this ricochet off mid 20s. Something seems off on the story or this is the most well orchestrated shakeout I’ve ever seen.
The stock is down nearly 50 percent in the last month. I’m sorry but that’s not ‘normal’ if this thing is close to or done with a deal. The number of people involved in such deals would leak and be having their friends and relatives buying into this down here. There is almost no buying interest anymore. All the little hits on the ask are from people on the board picking away on hope. I even hit the ask today which means it’s definitely going lower.
Where are the guys that said they are going to load up 600k shares in the 20s? Here’s your chance.
Frankly I’m surprised that there were no rumors coinciding with the unrestricted. Maybe there was but it wasn’t leaked onto the board.
People with these shares are considered insiders and they have to sell the unrestricted within a timeframe. They can’t just hold it indefinitely. That’s why there is a public filing for unrestricted so that the public knows that these shares are going to hit the market imminently. I too was surprised to find out that the legend can’t just be removed and then I can hold them as free trading. It’s has nothing to do with the brokerage it’s just the rules.
Usually once the legend is removed the shares have to be sold within 3 months. I have unrestricted shares in a company that I am in the process of removing the legend and my brokerage is required to sell them before they are actually transferred over. They sell short exempt and then cover with my shares from TA once they come over.
So I wonder if the unrestricted shares that just came are bailing and I would ask why as you presume they are insiders. This stock doesn’t behave at all like any form of news is imminent. Wondering when the diehards on this stock are going to start expressing concern.
Go Ward Go Mrge yipeeeeeeee
Yeah disclosing that I bought after disclosing that I sold is the definition of transparent. I’ll probably flip this on the next rise. If I wanted manipulate I’d bash the stock and not say anything while I accumulate.
No it’s called a trade. 30 cents seems like a good price for the lot size I just bought versus risk. I still have over 200k shares. If I was totally against this I would have blown completely out. I will reevaluate my position over coming days if no news.
Guess what I just bought some MRGE at .3 - buying back a little little of what I sold over .4. I’m not calling mrge a scam I’m just skeptical but pray that I’m proven wrong.
Yeah and that same person got me into LFAP too with their incredible analytic insight - aka info from other board posters. Folks - if you have large portfolios of all this crap you are really putting your financial future at huge risk. Mrge probably has the best story out of all the stuff I’ve seen but I dumped (and whined along the way due to me not following my gut) my SFIN, my LFAP and half my MRGE. Knowing how much money people are putting into this junk is pure lunacy. Good luck though.
Yeah you own me alright. I’ll just go trade my large caps making 1 percent a day every day on my principal while you hold a portfolio of pennies that are likely to be worthless lol
Yeah and guess what? - same person that got me into MRGE got me into that crap
Well you don’t know what happened with me and I won’t divulge it in order to protect the person who introduced me to this stock but if you knew the story you would understand. I learned a lesson and that is #1 stick to your conviction never to buy pennies and #2 don’t trust information from a trusted source until you do you’re own research because that ‘solid’ info might just be bunk he got off the IHUB board or from self-interested promoters. I’ll gladly eat a pile of doggy doo when I’m proven wrong.
I really hope this thing takes off because if it collapses most of you are going to look like fools. I on the other hand have sensible skepticism and have already sold more than half my position over .40 which gives me either protection or the ability to buy back lower - so I really don’t care what anyone on this board thinks. I’m in a better position now than 2 weeks ago.
Any information that is not part of a news release or public statement is by its very nature ‘non-public’. If he tells anyone anything that is not contained in a public article or news release or analyst release, like say, the status of his current negotiations, that is something that can not be shared unless that same information is released somewhere in the public domain as it provides advantage to a select few. I worked for one of the largest institutional banks on the globe for 30 years and we had to take courses on this every 3 months. So the idea of people calling Ward for info is not the way public information should be disseminated. I can’t see how anyone disagrees with that. I assume that anything they are told is stuff we already know in the public domain so what’s the point of calling him?
Ward shouldn’t speak to anyone at all as a one off. Any information he has for shareholders should be distributed through news releases or not at all. That’s how the rumor mill gets fed.
This stock is going to zero. I’ll never invest in skull and crossbones again based on rumors. I once again got sucked into a scam.