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Most likely will trade sideways till news or filings are done. Not a bad place to be, might be able to pick up some extra cheap shares around 1.3 to 1.6 range before everything comes to light.
Any projections for Monday? Do you guys think we can close over $0.021??
Who is the person trying to sell 1.5 million shares at 0.0164?
Really poor way of selling a big block, split it up so you can actually sell it at least....
Frankly this is still very cheap, once they file this should be go way past the old highs. I was buying the dips and will be buying much more as the risks of getting kicked of the exchange is now gone.
I started heavily buying again in the subs because data points to lots of shorting across the OTC, regardless of the quality of the firm. VITX needs to get it's house in order by Aug 13th, if they do getting to $0.10 will not be an issue. Only concern I have is in the weekly meetings I only see 30-40 people, for a firm with 30K reps. I would think more people would tune in?
Got this message for VITX from my broker, looks like Aug. 13th is when VITX turns into a pumpkin. This makes sense why people are shorting now it's only 30 days away that no buy orders will be accepted. I bought some today at $0.0076 but now having second thoughts, they only have 30 days to get the filings done.
Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
Fridays move looks like short attack (from the short data over 39 million shares shorted on Friday), this has been happening across the OTC. VITX made itself a target by not filing, these funds or individuals are shorting and crashing OTC stocks they feel will not file. It will most likely work in 99% of the cases. Will they start shoring again? That's really the question.
I think my theory that they lowered the price for friends to get in is correct but not sure how you prove it. The volume here is interesting as it fell some big buys came in, they were waiting for the free fall.
Reset at $0.005 to $0.007 is a reality if they don't come out with any updates. I still think they are driving down the price on purpose so insiders or friends can buy cheap shares, no other reasoning makes sense.
Agreed and all them think their OTC stock is going to a $1 and most go to zero. VITX is going to ZERO also if they don't file soon, just a matter of time.
I have not sold, but I will average down at sub penny $0.004 to $0.005 as that is where we are heading. Death cross on the chart is coming soon and should just free fall from there. It is what it is, I am a realist OTC stocks are 99% of the time a big bust (even the good ones). If no filings by Sept. then who knows, how far we can fall? Not even sure if it will even trade, I will start dumping if no filings by Sept. 1st. as many others will also do.
It's probably all of those things, the people here think an OTC stock is going to generate generational wealth in a year. It's laughable, I see the same comments on almost every OTC board.
You are making a lot of assumptions, with an OTC company that usually ends badly. If they were at the level everyone thinks they are they would not trade on the OTC.
Your math is fuzzy at best, they might have 30K reps. but how many are active. Get the active number from them. If only 1,000 is active then they are making $1.2 million a year at most not $36 million and the stock price will go to Sub 1 cent. Everyone on this board thinks this stock will make them rich, it's so funny. 99% of OTC stocks implode but sure this one is the one. Look at most OTC boards they all say the same crap you guys are and yet 99% of the stocks implode just like VITX is falling daily.
If VITX doesn't release filing by Sept. 2021 this is going to ZERO, keep that in mind people when buying this stock. Not much time left.
Besides California most of the nation is hot and humid during the summer.
That's what I just said?? No dilution.
No dilution just lots of shorting from the data today and this week. I like your effort in exposing the truth here, keep it coming. With these OTC firms you can never be too careful, 9/10 usually burn investors. See what else you find....
Someone shorted VITX really hard today, most the volume was short:
https://fintel.io/ss/us/vitx
Short volume is going way up, if any news comes this thing will explode with shorts forced to cover. I think $0.25 is even possible with the level of short interest now. I will be loading up an extra million shares this week just for this.
Anything else said on this phone conference of interest to shareholders?
Loaded up another 200K shares today really cheap, getting close to 2 million shares. It's my YOLO play for 2021, lets see what happens. My other YOLO plays are PAYO and FUSE warrants.
If filing don't hit by September it gets delisted from the OTC but can it still be traded?
Bought more at $0.011 might just keep buying $1K to $2K a day at that price. Lets see what happens but buy side looks pretty weak.
What a POS stock, I own around 30 stocks and this did the worst. This is not a good sign guys. Should not be happening and even bought more today.
Sure it will each $1000 buys 20% more shares. Plus I'm buying millions of shares so spend $12K per million or $14K per million? It all adds up.
Picked up some more at 0.0115 today and still have a 0.0113 bid. You guys hitting the ask last week at 0.014 taking a 15%-20% loss for no reason.
For $2800 you could have taken a week long vacation in Mexico, or for a few bucks more Hawaii. Have a blast...
I agree. Slapping the ask is the dumbest thing you could do on an OTC stock. It's not a real gain, when I see lots of bids that is real. Or the bids move up that's real.
No wonder it's falling $2500 is not much. Don't worry I will sit on the bid like I did all day today, no one is willing to bid up it seems. Lots of talk here, no action. Looks like it wants to drift lower just based on technicals at the moment.
Chart looks bad guys, Level II on the bid side was weak all day. I will help and buy more tomorrow, are you guys are out of funds or what?
All I am saying is something doesn't add up. I owned millions of shares even before I found this board because I could see the value in VITX. They should announce other news is all I am saying. I have faith in the company, but come on give us some updates.
You guys have your own bubble going on here, doesn't mean you are right.
That's not true, other firms are updating shareholders.
Filings aside, but why are they not announcing other news? Is nothing else going on worthy of a news release?
Agreed, we are going sub penny next week. I would not touch until around $0.007
Ask finally dropped hard, not looking good.
No buyers, this is going down. Without any news or updates back to $0.01 or less.
I am okay with no filings but at least a press release and updates. It's not a good way to run a public company. I see this going sub in the next few weeks without real updates.
Anyway you guys stop buying for a few days so I can pick the extra 900K shares I want. Don't worry filing they are not coming anytime soon, take a day off from buying shares.
Longer this takes the more shares fall into strong hands. VITX could be an epic blast off, it doesn't trade like it has 1.3 billion share float. I won't be surprised if we hit $0.50 to $0.65 range by end of year assuming they get all the filings done.