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You think we see a little bounce tomorrow of shorts trying to get out?
Get your money ready to buy lower
not an expert but traded long enough to see the trends the big mms love to mess with us
Wouldn't be surprised to see that guy get prosecuted one day either
it might that's around .012 right now, I think we easily see that tomorrow. going to probably hit around .009 before reversal IMO
oh I was I should have sold around .02 when it couldn't break it, now we're heading pretty low, sub penny definitely on the table.
What does that even mean? I've been watching this stock for months and the downtrend has officially begun. Going to take months to see a reversal
Delarge had ICOA on his watchlist yesterday before his arrest. I think his followers dumped all their OTC shares today.
It is when the price moves down 25%. We saw 100m+ in volume earlier in the week and the price didn't move at all. Something really strange going on with this one, makes me think much lower prices are on the way. Wish I dumped over .02 after it couldn't break it despite testing it 5-6 times.
I don't think it's even close to hitting the bottom yet, this just destroyed a month's worth of support. Someone or some group just dumped big on us. Probably Delarge's cronies. Gonna be a tough road for a few months now.
I feel like it's fallout from the delarge arrest
wow, they're taking it back to a cent?
the dumping just doesn't stop holy crap
I like it long term too, reminds me a lot of FERN. I don't like the bizarre price movement vs the volume. I am worried about dilution.
.006 has been the bottom the last few months. I've been flipping this from .006 back over .01 this will make the 3rd time
Broken through 3 lower support levels today, this might get really ugly in the coming weeks if pure selling continues....talk about manipulation
I think this is a crew of delarge's people dumping shares today. could see this for a couple weeks.
yikes today
I get nervous when I have to start waiting around for a stock because "no one knows about it yet". That's when volume dries up and a stock dies.
for sure but how low are they gonna let this go? pretty ridiculous right now
looks like we're heading back down on low volume. the past few days were very odd...not sure we're seeing any moves north of .02 for awhile
I can't explain what is happening here
Maybe someone here can help me with some math? ICOA announced they are paying for the $240m deal with BGBF with Preferred Restricted Shares of stock. What price are those shares sold and how would that work? There's only 114k restricted shares listed on the OS. At the current price around .02, that's ~12 Billion shares. That's more than the Authorized Share count. How does this work? It doesn't seem like there's enough shares to cover these deals even if they sell the entire share count for this ticker.
I think if you go read the post from the guy who mentioned the CEO's previous venture Petlife and how that was a known scam you might have your answer to what the future holds for Medolife.
everyone should have been out back in June when they pulled that 6x authorized share increase with the option of a reverse split
.006 is the buying territory! sell over .01. Rinse and repeat. Trade junk stocks win great prizes.
I mean just literally laughing out loud at this stock. It's a push over .02 and then like clockwork a massive DUMP of shares to bring it back under .02 it never ends!
If we can break and stay over .02 I will be more hopeful of a move up soon. Right now that resistance has been crazy strong.
Exactly. The way the shares are structured I’m not sure how we’re getting to like 400m in financing even with preferred shares unless they’re being offered at a much higher value
It’s frankly mystifying this news hasn’t moved the price up. Announcing deals worth 400m+ should send a stock flying 300%. The fact this isn’t moving is suspicious….
Yea it’s definitely true. These hedge fund managers do the same kinda stuff sometimes. He was just low hanging fruit and made an example of to deter this kinda stuff in the future. I doubt he gets the maximum sentence probably gets a plea deal after he snitches on others that did the same thing as him.
I just wonder what impact this has on the OTC market going forward. There’s a lot of new eyes on it over the last couple years. Could more people be under investigation?
Wirefraud and money laundering I think are in the case as well.
I saw that but I am nervously awaiting the 8K which outlines the terms of the deals and how they are financing them. I'm just skeptical that is the only way they are paying for like $400m+ in acquisitions (that we know of) is only with preferred stock, but who knows. The high volume without any price movement is an indicator of dilution.
I'm guessing you didn't read the article then. That guy pumped stocks on his twitter account that he would turn around a dump on the same day. He posted ICOA on his watchlist this morning then got arrested earlier today, so I'm assuming he wasn't able to dump a bunch of shares. I've posted several times about the strange volume, price action, and buying and selling action of this stock as of late, despite great news. So it's either someone flipping or dilution, and I thought maybe we got lucky without him and his cronies selling on us today it would move up. But it might just be dilution to finance their deals.
I was wrong about it being able to run without that guy Delarge in the picture, but I was right about it not finishing over .02.
how did I change my story?
market ain't closed yet
https://www.bloomberg.com/news/articles/2021-10-26/twitter-user-alexander-delarge-charged-for-hyping-penny-stocks
ICOA was on his watch list today maybe this can run now
don't take your anger out on me because this is an extremely disappointing ticker
You can't predict everything every time but you can infer where a stock is going with enough research. The ones you can't predict are the volatile ones that show up out of no where like DWAC