lowtrade

[KitKat88]

Hi, lowtrade! I've never posted on iHub but have been following this board for a couple of months now. Thank you so much for all your great info, the study guide compilation has been the single biggest learning tool for me since I started trading the otc.

I wanted to pick your brain about NYBD, I've been watching this stock very closely lately. Here is what I know.

As of May 15th per the 10-Q, we know the O/S was 1,097,009,986.
As of July 3rd per the Pre14c, the O/S increased to 2,159,006,729.

What that tells me is that the dark masters converted their notes prior to the mid-July run and sold into retail during the run.

Since the July 3rd Pre14c has been released, more news and/or updates have been delayed and the price has been walked down. Watching the trading last two weeks has been interesting, VFIN has been selling 0008/0009s and converting at 0007/0006 further walking the price down gradually.

There was a meaty PR update on Thursday. (Pleasant Kids "Where Healthy Begins" Progress Report)
Around 10AM, VFIN converted more shares at 0005/0006/0007 and finally moved up on the ask in the double 0s.
Just prior to the PR being released, there was a big surge in buying. Around 60-80 million shares slapped at .0007 (Bid/Ask was 0006x0007).

The following day, MAXM shows up and sits 0007 all day with a hidden size. MAXM does not make the market for NYBD as far as I know. (MAXM Tickers)

Float seems to be mostly locked, either held by a big trading group or DM.

Here's what's left on the PR story pipeline.
- Pre14C states that the ticker/name change will occur no later than Aug 5th.
- NYBD sold at Sedano's now stated in recent update. Rumors of a deal with Publix. (I believe Aug 15th shareholder meeting will discuss this.) Rumors of Walgreens, Walmart, and Disney as well, as they're all part of C&B Distributors. (C&B Distributor Partners)

And finally, looking at the charts.
9 Month NYBD

Looks like a lot of accumulation and holding. The chart set up looks identical to DEWM just before it had its big run, 50MA and 200MA lines included.

NYBD vs. DEWM

A billion share increase in the O/S during first run, but perhaps the DMs still have shares to sell. More conversions and new MM showing up, PR release after a price walk down. Big surge of buying volume PRIOR to it's release. All this prior to a name change the following week and shareholder meeting in 2 weeks.

Thank you for taking the time to read my post, I would love to hear an expert opinion on this. Possible that a set up may be in play here?